FIREFLY: A representative from the CBI is talking to us in great detail about the new coins they will be giving us with the new currency notes...He said to us once again, the process to delete the zeros is in the process. It made us smile. He said this process is occurring because the lower notes will not be needed if the rate wasn't increasing.He said if the CBI didn't come out with these lower notes the monetary reforms would be a disaster. He said that's why we need a change in our rate...
FIREFLY: Big campaign to get citizens to trust the Iraqi banks starting today.
FRANK: This is the last part of the monetary reform education. Congratulations!
FIREFLY: Sudani is not playing games with anybody. It looks like he's working hand in hand with the US Treasury...Television now shows Rafidain Bank doing investigations on smuggling of the dollar...There's no end to the amount of corruption...
FRANK: Your corruption is amplified by Iran...that's why you have not had the new exchange rate or lower denoms...but it is really being curtailed...controlled...Pay attention to the leadership in your country removing the corruption...
The Advisor To The Association Of Banks Calls On Our Banks To Confront The American Banking Restrictions With Wisdom And Determination To Implement The Banking Reform Strategy.
Money and business Economy News – Baghdad Advisor to the Iraqi Private Banks Association, Samir Al-Nusairi, called on the banks to bypass the American banking restrictions by depriving 28 private banks of dealing in the US dollar, and to take all executive and technical measures to overcome the material and moral damage caused by these restrictions and the pressures of rumors launched by those who troll the murky waters with the aim of stopping the wheel of financial and banking reform that... Led by the government and the Central Bank, which yielded good results at the local and international levels during 2023.
Al-Nusairi referred to the directives of the Governor of the Central Bank, in his meeting with a delegation from the Association of Banks, to deal wisely and insist on implementing the strategy of the government and the Central Bank in banking reform, regularity and adherence to international banking standards, enhancing confidence in our national economy and banking sector, continuing to provide banking services and products to the public, and dealing in local currencies of countries with which Iraq has important trade exchange. With it, and securing local and international requirements to build solid banking relationships with solid global correspondent banks.
Al-Nusairi stressed that the strength and strength of the international rules and foundations on which the national economy is based, most notably the foreign reserves at the level of adequacy and within the standards in this regard, is the surest guarantee for overcoming the crises and challenges expected for subjective or objective reasons during 2024.
Al-Nusairi concluded his speech by stressing the strict commitment and cooperation with the Central Bank and the implementation of what was stated in its strategy in 2024, which focuses on the following axes:
First - Building a stable financial system that lies in accompanying financial electronic systems and the transition to the digital economy.
Second: Commitment to establishing the rules of compliance, risk management, transparency, and soundness of financial operations.
Third: Working to strengthen international relations, including establishing a network of relations with foreign correspondent banks.
Fourth - Establishing a Riyada Bank and redirecting work on initiatives to finance small and medium enterprises according to new standards and with international cooperation, with banks contributing to its capital and management. In line with the initiative of the Prime Minister (Riyada) and the establishment of the Loan Guarantee Company.
Fifth: Preparing, launching and implementing a financial inclusion strategy and developing it in joint coordination with the relevant authorities.
Sixth - Launching the national lending strategy, relying on the banks’ own financial capabilities to attract deposits and invest them in providing the best banking products to customers and contributing to development, with the support of the Central Bank and the government.
My friend spoke to Patriot Rod Steel today, and he confirmed that he's spoken with some bond people and they have received funds.
More details from Rod: "I was told the paperwork was just completed and the Admiral is going to release everything on Monday."
Rod continues: "The Iraq Government will reveal the new ‘lower denomination’ notes this week and then release the new Dinar Rate (4+) to be published in the Government Gazette on Sunday and then go on FOREX this coming Monday, the 12th". ROD
My very close friend vetted this information with two other contacts. One who is very close to the Admiral - as in working alongside him on a daily basis. And the second gentleman is extremely close to those on the Bond side who are clued into the details regularly. They both are in alignment with Rod's news also - so that's extremely encouraging. We also know that Mark is hearing similar stories.
More from Ginger: I cannot give details because I'm sworn to secrecy, but allowed to say that the papers have been signed by people we know AND others have heard happy news from their group leaders on the T3 Bond side. I personally do not know of anyone in T3 who has liquid, spendable funds as of yet, but I'm extremely pleased with all of the news we're getting. I'm grounded and steady - remaining optimistic. 2.10.24
How Did America Prevent Iraq From Joining The Belt Initiative And Signing The Chinese Agreement?
Information / Baghdad.. The head of the organizing body of the popular movement for the Belt and Road, Hussein Al-Karaawi, said on Sunday that it was the United States that prevented Iraq from joining the Belt and Road Initiative and signing the Chinese agreement.
Follow the “Al-Ma’louma” channel on Telegram.. News that does not require documentation..
Al-Karaawi told Al-Maalouma, “The American violations of Iraqi sovereignty are what stood against Iraq joining the Belt and Road Initiative and signing the Chinese agreement.”
He added, "The United States is the first enemy of Iraq and its people. It targets the Popular Mobilization Forces, which fought terrorism and defended the country's sovereignty."
He urged the government to "join the Belt and Road Initiative and sign the Chinese agreement."
The Iraqis are in a state of anger due to the American violations in Iraq, the methods of which have varied, including bombing the security forces and the Popular Mobilization Forces and assassinating national Mujahideen figures in cowardly ways. LINK
Frank26: "LOL... ONCE AGAIN IT'S A LOT MORE THAN THAT!!!"...........F26
Iraq increased its possession of the yellow metal to more than 142 tons
2/7/2024
The World Gold Council announced today, Wednesday, that Iraq has increased its possession of the yellow metal to more than 142 tons.
The Council said in its latest table for last January, “Iraq maintained its 30th ranking globally out of 100 countries included in the table with the largest gold reserves and raised its possession to 142.6 tons from 132 tons, which represents 8.3% of the rest of its other reserves.”
He added, "Iraq ranked fourth in the Arab world after Saudi Arabia, which possessed 323.1 tons, followed by Lebanon, which possessed 286.8 tons, and Algeria, which possessed 173.6 tons."
He pointed out that "the United States of America sits on the throne of the rest of the countries with the largest possession of gold in the world at 8133.5 thousand tons, followed by Germany with 3352.6 thousand tons, then Italy came with 2451.8 thousand tons, while Bosnia and Herzegovina came at the bottom with 1.5 tons."
The Council stated, "Iraq announced the purchase of gold in the year 2023, amounting to approximately 12.25 tons."
It is noteworthy that the World Gold Council is based in the United Kingdom and has extensive experience and deep knowledge of the factors causing market change. Its members consist of the largest and most advanced gold mining companies in the world. LINK