Friday, February 9, 2024
PM Al-Sudani highlights corruption issues with a Lebanese delegation, 9 FEB
PM Al-Sudani highlights corruption issues with a Lebanese delegation
According to Al-Sudani's media office, both sides discussed various topics, including requests for legal assistance, extradition procedures for corruption suspects, recovery of stolen funds, and exchanging information on accused and wanted persons.
https://shafaq.com/en/Iraq-News/PM-Al-Sudani-highlights-corruption-issues-with-a-Lebanese-delegation
"BANK STORIES" BY FRANK26, 9 FEB
Frank26
[Personal Ohio Bank Story]
FRANK: I'm here to talk to you about your bank...I asked, Here at Chase do you folks exchange foreign currency?
He said no, we do not. I found it odd...something was very wrong...Second Question, If you don't exchange foreign currency why is Jamie Dimon the CEO in Iraq? ...
[He said] No he's not. My next statement almost started WW III...Sir, you are very ignorant. You're in charge of this bank and you're answering my questions incorrectly...
I said let me try that again, Does Chase convert foreign currency into American dollars?
No. J.P Morgan does.
..So Chase is a bank and JP Morgan are the investors of Chase Bank right?
Yes...They will exchange your currency..
.He softened up a little bit. He asked, What do you have?
...The Iraqi dinar...
How much?
I made up a number. I have over 200 million dinars.
He said, you're not going to be exchanging your dinars here at Chase. We can't handle that. You have to go to a state bank...
Where should I take my dinars to have them look at them, inspect them and then deposit them correctly?
He said New York [or] Chicago...You come here to my Chase office in Toledo Ohio we'll zoom with Chicago.
You're going to come to me?
Yes...We'll make an appointment. The Brinks truck will come, a representative will come. They will verify it. They will have all the equipment they need...
Frank26
[Georgia Truist Bank story follow up from last week]
BANK VISITOR: The lady I was supposed to be speaking with was out with the flu... [A new financial advisor] calls me and honestly it was a little confusing because the guy...acts like he didn't know anything. In fact...he said...I'm pretty sure this is a hoax.
FRANK: First recording [story]...the lady says we know, we're preparing. Here is at the same bank with another officer that says [the opposite]...The same bank, you had people that know what's going on and then you have another person that doesn't know what's going on. One gives positive information and one gives negative information. They're both from the same source. That's the problem with a speculative investment. The evidence is out. It's not a secret...
Resilience of Iraq's banking system: Economist's confidence amid US sanctions, 9 FEB
Resilience of Iraq's banking system: Economist's confidence amid US sanctions
Mahmoud Dagher, an economic expert and former director-general of the Central Bank of Iraq (CBI), clarified that this measure was not a sanction, rather, it was a restriction, which adversely affected the banks, the people, and the import financing process.
However, Dagher emphasized in an interview with Shafaq News Agency, "despite the pressure and harm caused to these banks, the banking system will not collapse as a result of these sanctions and restrictions."
The US Treasury imposed the sanctions on 14 Iraqi banks in July 2023 as part of a campaign against Iran's dollar transactions. The sanctions were reportedly prompted by the banks' involvement in "suspicious" money transfers during the past year.
Deputy Prime Minister and Foreign Minister Fuad Hussein has appealed to the United States to reconsider the sanctions imposed on 21 Iraqi banks that contribute to financing essential food items for low-income families.
Furthermore, the CBI issued an official letter in February, indicating that 8 Iraqi banks were banned from participating in the foreign currency sale and purchase window.
Following the fall of Saddam Hussein's regime after the US invasion in 2003, Iraq's private banking sector has experienced significant growth, with over 70 private banks now operating in the country.
"RV UPDATE" BY TEXAS SNAKE, 9 FEB
TEXAS SNAKE
Folks please remain positive as the world economy cannot continue without a new influx of funds
Banker has remained on the West Coast due to his wife's health condition but assures me he is in contact with Reno and will advise me as soon as he get his notifications which should occur just before the emails and 800 numbers are posted. Says all remains positive.
While I do not plan on opening the room tonight having spoken now twice to the banker today he is indicating he should hear something tomorrow and the absolute earliest notifications might be released would be Tuesday however he is more leaning to later in this coming week based upon past history. Either way I will post immediately upon hearing. GOD Bless.
Just visited with Okie re what the banker just related he was hearing to me from those above him that sometime late tomorrow or early Wednesday his appointment/exchange techs would be on call to schedule appointments.
He hopes this time it is for real as do all of us waiting.........
https://dinarevaluation.blogspot.com/2024/02/texas-snake-notes-2-feb.html
Well hopefully will get my computer repaired in a few days and can at least share what little is being brought forward.
Just visited with Okie re what the banker just related he was hearing to me from those above him that sometime late tomorrow or early Wednesday his appointment/exchange techs would be on call to schedule appointments.
He hopes this time it is for real as do all of us waiting.....
NADER FROM MID EAST CC HIGHLIGHTS NOTES, 23 NOV
NADER FROM MID EAST CC HIGHLIGHTS NOTES Summary Iraq’s monetary policy aims to stabilize the dinar against the dollar to reduce exchange ra...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...