Iraq revokes Iran’s Bank Melli operating license, 10 FEB

 Iraq revokes Iran’s Bank Melli operating license

According to a Central Bank of Iraq (CBI) document verified by two authorities, the biggest bank in Iran, Bank Melli Iran, has had its operating license revoked by the CBI due to the bank’s restricted activity in Iraq.

According to the document released last week, the Iranian bank’s license was revoked by the CBI because of losses incurred in Iraq, operational restrictions, an inability to start or expand banking activities, and its participation in international sanctions, according to Reuters.

The US Department of the Treasury placed sanctions on Bank Melli Iran in 2018, alleging that the bank’s activities in Iraq were a component of an Iranian Revolutionary Guards conspiracy to supply funding to Iraqi militants.

Eight local commercial banks were prohibited from conducting transactions in US dollars in Iraq a few days after a senior US Treasury official visited, which decreased fraud, money laundering, and other unlawful uses of US currency.

According to Reuters, the Central Bank of Iraq (CBI), which is the main supplier of hard currency for Iraq and the target of an American effort against money smuggling into Iran, forbids the banks from taking part in its daily US dollar auction.

Iraq has almost $100 billion worth of oil reserves in the United States, so it trusts Washington to keep giving it access to funds and oil revenues.

As part of a crackdown on sending US dollars to Iran and other sanctioned nations, the US banned 14 Iraqi banks from transacting in US dollars in July.

This action demonstrates the continued attempts to restrict Iran’s access to global financial networks.

"RV UPDATE" BY BABYSMOM, 10 FEB

 Babysmom 

 THE DINAR WILL COME OUT AT A SPECIFIC RATE ON FOREX. IT WILL RISE FOR A WHILE BASED ON POPULARITY OF HEDGE FUNDS ETC. 

THEN IT WILL COME DOWN IN 5% INCREMENTS UNTIL IT REACHES A SETTING POINT...25 CENTS OF THE KUWAIT DINAR.  CURRENTLY THE KUWAIT DINAR IS APPROXIMATELY $3.25.

Al-Sudani concludes his visit to the Netherlands and heads to Germany to participate in the Munich Security Conference, 17 FEB

Al-Sudani concludes his visit to the Netherlands and heads to Germany to participate in the Munich Security Conference

Prime Minister Muhammad Shiaa Al-Sudani headed to Germany to participate in the Munich Security Conference 2024 after concluding his official visit to the Netherlands.

The Munich Security Conference is an annual meeting of heads of state and government, military commanders, heads of security and intelligence services, and senior diplomats from all over the world, to discuss the most pressing issues related to international security

The 2024 edition begins tomorrow, Friday, and continues until the 18th of the same month, in Munich, the third largest city in Germany.

As conflicts rage on more than one front around the world, a number of issues top the conference’s agenda, most notably the war in the Gaza Strip and Ukraine, cybersecurity, artificial intelligence, climate change, and the impact of political unrest.

https://alforatnews.iq/news/%D8%A7%D9%84%D8%B3%D9%88%D8%AF%D8%A7%D9%86%D9%8A-%D9%8A%D8%AE%D8%AA%D8%AA%D9%85-%D8%B2%D9%8A%D8%A7%D8%B1%D8%AA%D9%87-%D8%A7%D9%84%D9%89-%D9%87%D9%88%D9%84%D9%86%D8%AF%D8%A7-%D9%88%D9%8A%D8%AA%D9%88%D8%AC%D9%87-%D8%A5%D9%84%D9%89-%D8%A3%D9%84%D9%85%D8%A7%D9%86%D9%8A%D8%A7-%D9%84%D9%84%D9%85%D8%B4%D8%A7%D8%B1%D9%83%D8%A9-%D9%81%D9%8A-%D9%85%D8%A4%D8%AA%D9%85%D8%B1-%D9%85%D9%8A%D9%88%D9%86%D9%8A%D8%AE-%D9%84%D9%84%D8%A3%D9%85%D9%86

Iraqi Dinar✅Truth About Chapter 7 Release-Iraqi Dinar News Today 2024-Di...

UAE's Minister of Tolerance discusses strengthening bonds with Iraq, 10 FEB

UAE's Minister of Tolerance discusses strengthening bonds with Iraq

Shafaq News/ On Friday, Sheikh Nahyan bin Mubarak Al Nahyan, the Emirati Minister of Tolerance and Coexistence, received Ivan Faeq Jabro, Minister of Immigration and Displacement in Iraq.

According to The Sharjah24, Sheikh Nahyan extended a "warm welcome to the Iraqi Minister and discussed regional and international issues of mutual concern with her. Discussions centered on enhancing the robust strategic relations between the United Arab Emirates and the Republic of Iraq, aiming to advance shared interests."

https://shafaq.com/en/Iraq-News/UAE-s-Minister-of-Tolerance-discusses-strengthening-bonds-with-Iraq

"RV UPDATE" BY PIMPY, 10 FEB

  Pimpy 

  Iraqi dinar is pegged to the US dollar.  If the dollar starts to lose value because the interest rates are being cut, then is this the time for Iraq to de-peg away from the dollar?  ...No, you just don't do it.  You have to weigh the pros and the cons of it.  Yes I would like to see Iraq de-peg from the US dollar but I also want to make sure they are set up to do so before they do that...Sure the value of the dollar is going to drop, should Iraq de-peg itself and be independent and make their own decisions with the possible risk of it losing value instead of it gaining value?

There are many countries that have a ton of resources and the governments are rich but the people are poor.  I've been a huge supporter of the Iraqi people.   I keep praying their government gets their shit together and they're able to prosper from the resources they have. 

 There's no reason for them not to.  Sure I want to make money off the Iraqi dinar but...not at the expense of the Iraqi people...I can see how the Iraqi people will become prosperous because if they change the exchange rate it give them more purchasing power.  That means they're able to buy a lot more things with their money...An increase in the exchange rate would benefit them greatly...

Iraqi Dinar✅Truth About Chapter 7 Release-Iraqi Dinar News Today 2024-Di...