Tuesday, January 23, 2024
Iraq Recovers Huge Sums Of Money From The UAE, 23 JAN
Iraq Recovers Huge Sums Of Money From The UAE
January 22, 2024 Baghdad/Al-Masala Al-Hadath: The Federal Integrity Commission announced, on Monday, the recovery of the first batch of funds owed by a convict from the United Arab Emirates.
The authority stated in a statement that “the efforts of the Recovery Department resulted in the recovery of a first payment of the amount that the convict deposited in a bank in the Emirates,” indicating that “in 2005, the Iraqi Central Criminal Court issued a pre-trial ruling of (8) years’ imprisonment against the convict who committed “For robbing government banks after the events of 4/9/2003, it also ruled to confiscate an amount of (500,000) thousand dollars that he deposited in a bank in the UAE.”
She added, “The recovered amount was transferred from the Emirates to the Rafidain Bank account through a debt collection company,” noting “the role of the Iraqi embassy in Abu Dhabi in following up on the transfer of the amount.”
She pointed out that “the case file against the convict was sent to the Ministry of Foreign Affairs from the Supreme Judicial Council - Head of Public Prosecution, and it was sent to the UAE judicial authorities.”
She continued, “The follow-up procedures resulted in the issuance of a ruling by the Emirati judiciary obligating the convict to pay an amount of (960,100) thousand dollars to Rafidain Bank, followed by the affected party, confirming that the authority will continue to follow up on the recovery of the entire amount owed by the convict.” https://almasalah.com/archives/80339
Coffee with MarkZ. 01/23/2024
BRICS bank to release bonds in local currencies, 23 JAN
BRICS bank to release bonds in local currencies
BRICS, a bloc of leading emerging markets, is preparing to launch new bonds in global markets, which will be available in local currencies rather than in the US dollar.
NEWSROOM
JANUARY 21, 2024 – MODERN DIPLOMACY
BRICS, a bloc of leading emerging markets, is preparing to launch new bonds in global markets, which will be available in local currencies rather than in the US dollar.
The BRICS bank, known as the New Development Bank (NDB), will soon release the bonds called ‘Maharaja Bonds’ worth $28 billion, IRNA reported on Sunday citing a press release by Watcher Guru, a website introducing itself as a leading source for finance focusing on cryptocurrency.
Watcher Guru did not specify the exact date the bonds will be released but said that NDB Chief Operating Officer Vladimir Kazbekov has announced that the bank is waiting for approvals from regulatory authorities.
The new bonds, according to the website, will be made available for governments, financial institutions, and regular investors.
They will be available for purchase in local currencies in an effort to strengthen them and to help boost their respective economies.
The plan to release the bonds is part of BRICS’s initiatives for de-dollarization as the alliance is moving ahead to reduce dependency on the American currency in an effort to reform the global economy.
BRICS is comprised of Brazil, China, Russia, India, and South Africa as well as six new members namely Iran, Saudi Arabia, the UAE, Egypt, Argentina, and Ethiopia.
BRICS leaders, at their latest summit in late 2023, pledged to promote the use of local currencies as a way to ditch the US dollar, as they unanimously rejected exploiting the global economy for political purposes.
From the dollar currency. Iraqi Central Bank freezes accounts of “Fly Baghdad”, 23 JAN
From the dollar currency. Iraqi Central Bank freezes accounts of “Fly Baghdad”
Economy News – Baghdad
A source revealed, on Tuesday (January 23, 2024), that the Central Bank of Iraq has frozen the accounts of “Any Baghdad” in 3 major banks, from the dollar currency.
The source told “Economy News” that “the Iraqi Central Bank has frozen the accounts of Fly Baghdad Aviation in three major banks in response to US Treasury sanctions.”
On Monday, US Ambassador to Baghdad Alina Romanoski described Iran’s use of an Iraqi airline to smuggle weapons and the dollar as a flagrant violation of Iraq’s sovereignty.
“Digital Assets Set to Disrupt Dollar Dominance” BY GOLDILOCKS, 23 JAN
Goldilocks and Seeds of Wisdom
“Digital Assets Set to Disrupt Dollar Dominance”
Bitcoin, the growth of Stablecoins, and Central Bank Digital Currencies are expected to chip at the dollar dominance this year.
These disruptions will cause a recalculation and a refactoring of the dollar value in relation to other currencies around the world.
Price pressures on these new assets will begin to formulate new patterns and support levels for these new assets, and this is when you start to see the markets begin to price in new valuations.
We will be monitoring these changes as they take place.
© Goldilocks
https://www.cryptotimes.io/digital-assets-set-to-disrupt-dollar-dominance/
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