Wednesday, January 24, 2024
Parliamentary Finance: We Are Close To Ending The Phenomenon Of “Parallel Markets” And Prices Are Heading To Decline, 24 JAN
Parliamentary Finance: We Are Close To Ending The Phenomenon Of “Parallel Markets” And Prices Are Heading To Decline
Economy |Baghdad today – Baghdad The Parliamentary Finance Committee confirmed today, Wednesday (January 24, 2024), that Iraq is close to resolving the crisis of the high dollar exchange rate and ending the phenomenon of “parallel markets.”
Committee member Moeen Al-Kazemi said, in an interview with “Baghdad Today,” that “the Iraqi government and the central bank were able to truly control the exchange rate of the dollar and prevent its rise, after taking various steps and decisions over the past months that led to the gradual decline of the dollar in the parallel markets.”
He added, "Work is currently underway to end the so-called (parallel markets) and we are approaching that. The dollar will not be exchanged except at the rate approved by the Central Bank of Iraq, and this matter requires a short time," pointing out that "the decline in the parallel markets "It will continue gradually over the coming days."
Earlier, the Central Bank of Iraq announced in a statement that it had decided, as of this January, “to limit all commercial and other transactions to the Iraqi dinar instead of the dollar” inside the country, in an attempt to control exchange rates in parallel markets.
Yesterday, Tuesday (January 23, 2024), a member of the Parliamentary Economics Committee, Representative Briar Rashid, monitored the danger of the “parallel market” in Iraq.
Rashid said in an interview with “Baghdad Today,” that “many factors contributed to creating the parallel market for dollar exchange in Iraq, which is currently far from the official price set by the Central Bank at about 20 thousand dinars for every 100 dollars (the official price is 132 thousand dinars for every 100 dollars). $)".
Rashid pointed out that “the continuing gap between the parallel and the official is putting strong pressure on the markets and increasing the rate of price rise,” stressing that “his committee will hold a series of sessions with the Central Bank starting next week in order to coordinate towards supporting the markets and responding to the requirements of companies and traders in order to reduce prices as much as possible.” Possibility.
He explained that "supporting banks and openness in the labor market and production is a priority during the next stage," stressing that "increasing national production will reduce the demand for hard currency and lead to reducing the parallel market, and this is what we are seeking to achieve at the present time." LINK
"RV UPDATE" BY FRANK26, 24 JAN
Frank26
It was a paradigm shift is what happened in Davos...INVESTORS AT DAVOS = AN ACCELERATION OF SUPPLY & DEMAND TO THE IQD IN AN INTERNATIONAL FLOAT = VALUE ADDED TO THE IQD BASKET!
For any Iraqi that lives outside of Iraq they will take advantage and exchange their 3-zero notes for American dollars. The monetary reform is getting louder and louder everyday and very direct. There is no confusion. There's no need to wonder when it's going to happen because they're telling you it's happening. IMO the lower denoms, new exchange rate and the float in the basket is the next phase of your monetary reform...Prime Minister Sudani is bragging about it right now...
Article "The International Monetary Fund welcomes Iraq's accession to a program that supports economic reforms "
In 2023… fines from the Iraqi Central Bank on banks and banking companies amounting to approximately 141 billion dinars, 24 JAN
In 2023… fines from the Iraqi Central Bank on banks and banking companies amounting to approximately 141 billion dinars
Shafaq News/ The Central Bank of Iraq revealed, on Wednesday, that it had imposed financial fines on banks and banking companies exceeding 140 billion dinars during the past year 2023.
A bank table, seen by Shafaq News Agency, showed that the fines imposed on banks and financial companies during the past 12 months amounted to 140 billion, 924 million, 318 thousand and 901 dinars.
He stated that “the fines also included 402 administrative penalties for these banks and non-banking institutions, distributed between warnings, warnings, and grace periods.”
According to the table, last April witnessed the highest rate of fines for banks and non-financial institutions, amounting to 17 billion, 440 million, 383 thousand and 447 dinars, with administrative penalties amounting to 17 penalties, while last November witnessed the lowest rate of fines, amounting to 8 billion, 337 million. And 645 thousand and 628 dinars with 8 administrative penalties.
The table did not show the names of the banks on which fines and administrative penalties were imposed.
In early June, the Iraqi Stock Exchange Investors Association criticized the Central Bank of Iraq’s increase in fines on banks, noting that it would affect the profitability of investors in the shares of these banks.
shafaq.com
"THE LIST OF BONDS" BY BEARDED PATRIOTUSA
Bearded_PatriotUSA
Telegram post
1/19/24
Forwarded from Lamb:
06/06/2021 The List of Bonds
Historical Assets and Currency Notes:
1. Super Petchili Bonds and Boxes
2. Chinese Bonds
3. Golden Bibles and Boxes.
4. Golden Trumpets and Boxes
5. Golden Qurans & Boxes.
6. Golden Guns – Bullets & Boxes.
7. Golden City & Boxes.
8. Golden Castles and Boxes.
9. Golden Palace and Boxes
10. US Bonds
11. US FED Instruments (US Treasury Instruments)
12. Liberty Bonds
13. Farmer Bonds
14. Rail road bonds
15. American Dream Boxes
16. TOV Boxes (Baby Boxes & Mother Boxes)
17. Golden Morgan Boxes.
18. Liberty Boxes.
19. Federal Reserve Notes (FRNs)
20. Federal Reserve Boxes (FRBs)
21. Wells Fargo Boxes
22. Gold Bonds
23. US Silver Certificates
24. Golden Morgan
25. WFN
26. Tiger FRN
27. Ohio Box
28. JP Morgan & Wells Fargo
29. Dragon Notes
30. Pilate Ring
31. Salmon Castle
32. Jericho Boards
33. Box Farmer
34. Box Kobe (Japan)
35. Golden Castles with Towers
36. K333 Versailles Boxes
37. Imperial Black Eagles
38. LTNs
39. Gold Solomon
40. Bugatachi
41. Sovereign Gold Bonds
42. Golden Buddha statue
43. Golden Buddha Sword
44. Metal Boxes
45. Exotic Boxes
46. Golden Horse
47. Golden Camel
48. US TREASURY STRIPS.
49. Iraqi Dinars and Boxes
50. Zimbabwe Gold and Blue Zim Quads Notes, Boxes and Containers.
51. Yellow Dragon notes
52. Gold backed Zim, high value zim and red, black and gold dragons
53. Yellow Zim 100 quintillion Dragon notes.
54. ZIM NOTES QUINTILLIONS TO MYRILLIONS
55. YELLOWS DRAGONS
56. GOLD DRAGONS
57. BLACK DRAGONS
58. RED DRAGONS
59. Zim Blue Containers
60. Blue zim 100T mother boxes and gold zim 100T boxes.
61. Black Eagles
62. Black dragon boxes, Red dragon boxes and Yellow dragon boxes
63. SPECIAL AGRO-CHEQUE OF $100 BILLION ZIMBABWE DOLLARS
64. 2B – IQD White Box
65. 1B – IQD Beige Box
66. 1B – Zim (Blue) Mother Box
67. B – Red Dragons
68. B – Black Dragons
69. B – Double Dragons
70. 5 Octillion Dollar Zimbabwe Notes
71. Octillion Dollar Zimbabwe Notes
72. 100 Quintillion Dollar Zimbabwe Notes
73. Quintillion Dollar Zimbabwe Notes
74. Blue Quintillion Notes
75. Gold Quintillion Notes
76. Sixtillion Zim notes
77. Septillion Notes
78. Decillion Notes
79. Nonillion notes
80. 100 Sixtillion Zim notes
81. 100 Septillion Notes
82. 100 Decillion Notes
83. Imperial Notes
84. Unodecillion Notes
85. Duodecillion Notes
86. Vigintillion Notes
87. Trevigintillion Notes
88. Sex vigintillion Notes
89. Google Notes
90. Centillion Notes
91. Agriculture Notes
92. Sextillion Coin
93. Gold Quintillion Notes
94. Bicentillion Notes
95. Centillion Notes
96. Golden City (large) & Golden City (small)
97. Solomon’s Temple
98. Forbidden City
100. Chariot of Fire
101. Black Coffin
102. Golden Coffin
103. Golden Pagoda (large) & Golden Pagoda (small)
104. RED DRAGON 1000
105. RED DRAGON 1 MILLION
106. DRAGON 100 MILLION
107. CH-RED DRAGON
108. BLACK DRAGON 10 BILLION
109. YELLOW DRAGON 100 QUINTILLION
110. DOUBLE DRAGON 100 TRILION
111. BLUE DRAGON 100 MILLION
112. GOLDEN DRAGON 1000
113. PINK DRAGON 1000
114. HONG KONG DRAGON
115. MACAU DRAGON 5 MILLION
116. IMPERIAL DRAGON (HK)
117. CH – YUAN CENTURY
118. AMBER DRAGON 1 MILLION
119. OTHER DRAGON NOTES
120. Quintillion note (Blue, Gold, Blue-Gold)
121. Sixtillion note
122. Septillion note
123. Octillion note (Green, Silver and Gold)
124. Nonillion note
125. Decillion note
126. Duodecillion
127. Novillion
128. Undecillion
129. Quindecillion
130. Septendecillion
131. Vigintillion note
132. Trevigintillion
133. Sexvigintillion
134. Novemvigintillion
135. Centillion (303 zeroes)
136. Bicentillion (600 zeroes)
137. Trecentillion (903 zeroes)
138. Quadrigentillion (1200 zeroes)
139. Quinquacentillion (1503 zeroes)
140. Sexcentillion (1800 zeroes)
141. Septcentillion (2103 zeroes)
142. Octocentillion (2403 zeroes)
143. Nonacentillion (2703 zeroes)
144. Milletillion (3003 zeroes)
THE MOMENT OF TRUTH IS APPROACHING… CONFLICTING VISIONS WITHIN THE FRAMEWORK THREATEN TO DERAIL THE GOVERNMENT’S PLANS
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