Thursday, February 22, 2024
Coffee with MarkZ. 02/22/2024
PM Al-Sudani discusses agenda with US Ambassador ahead of visit to Washington, 22 FEB
PM Al-Sudani discusses agenda with US Ambassador ahead of visit to Washington
Shafaq News / On Wednesday, Prime Minister Mohammed Shia Al-Sudani met with US Ambassador Alina Romanowski to discuss the agenda for his upcoming visit.
During his conversation with Romanowski, Al-Sudani discussed bilateral relations and potential enhancements.
He also reaffirmed the importance of bilateral conversations and the High Joint Military Committee, responsible for organizing the conclusion of the Global Coalition's mission in Iraq.
Both sides discussed the issues that will be addressed during the Prime Minister's upcoming visit to Washington, including the mechanism of cooperation within the Strategic Framework Agreement between Iraq and the US, and the committees formed in this regard.
'RV UPDATE" BY FRANK26, 22 FEB
FRANK26
If you take one of the new [lower] Iraqi dinar notes and you hold it up to the light you'll be able to see the safety features. The American dollar has about a dozen markers, the [new lower] Iraqi dinar has over 20 markers. The state of the art technology of security for toilet paper value? No, that alone is an important aspect for you to understand...
When this blessing occurs, where do you go? Do you go to a bank? Do you go to an American Bank?The high quality sample sheets [of new lower note dinar samples] are for the employees but eventually when the CBI is ready then they will invite the Iraqi citizens to come to the banks through their apps on their phones...flyers...billboards...television...commercials to come in. 'We would like to introduce you to the new lower notes that we would like to be giving you.' They'll project these new 1, 5, 10, 20, 50, 100 on the Channel One Iraqi Financial News.
The process for you to exchange your currency...when you decide it's time...you're going to go to Chase.
You can go to other banks, nothing wrong with that...but I would suggest you go to Chase...What is the Chief Executive Officer of Chase doing in Iraq right now? Opening 10 Chase banks...I don't believe in coincidence...I encourage you to consider Chase because they're going to be able to connect you with IMO one of the most powerful ways to diversify your money. Yeah, JP Morgan.
https://dinarevaluation.blogspot.com/2024/02/rv-update-by-frank26-19-feb.html
Parliamentarian: The Diversity Of Currencies Accounts For 20% Of Iraq’s Foreign Trade, 22 FEB
Parliamentarian: The Diversity Of Currencies Accounts For 20% Of Iraq’s Foreign Trade
Information/Baghdad.. Member of the House of Representatives, Baqir Al-Saadi, acknowledged today, Wednesday, that the diversification of the currency basket now accounts for 20% of Iraq’s foreign trade.
Al-Saadi said in an interview with “Al-Ma’louma” that “the pressure on the dollar and its repeated use as a tool by America to promote its interests in the world, including Iraq,has
begun to produce adverse results by introducing the concept of a basket of diverse currencies as strategic reserves for countries within their central banks, in addition to bilateral dealing in other currencies.”".
He added, "Iraq actually began to diversify the basket of currencies and began pumping some of them and pushing traders to deal with them according to economic mechanisms, which led to an increase in foreign trade by up to 20%, and this is a positive indicator."
He pointed out that "the demand to deal in other countries' currencies will reduce the pressure of the dollar on the parallel market and lead to a reduction in its prices, and
thus its impact will no longer be greater," pointing out that "there is a different strategy in the financial dealing mechanisms that will contribute to protecting hard currencies, blocking the path to smuggling, and supporting the sale of... The dollar at official rates.
The parallel market for dollar exchange rates witnessed relative stability in the past weeks despite the pressure due to the decisions of the Iraqi Central Bank by warding off the risks of smuggling and determining import mechanisms. Ended 25 February
"RV UPDATE" BY GOLDILOCKS, 22 FEB
GOLDILOCKS
Trading Announcement:
The Commodity Futures Trading Commission has finally approved the following proposed rules:
"Proposed Rule: Regulations to Address Margin Adequacy and to Account for the Treatment of Separate Accounts by Futures Commission Merchants
Proposed Rule: Foreign Boards of Trade
Proposed Rule: Requirements for Designated Contract Markets and Swap Execution Facilities Regarding Governance and the Mitigation of Conflicts of Interest Impacting Market Regulation Functions"
These proposed rules can now go into effect. As you can see, the first one deals with the ability to collateralize and cover swaps getting ready to take place. The second one deals with foreign market exchange guidelines. And the last one, deals with guidelines and requirements that governs swap exchanges and executions such as foreign currency exchanges.
Even though Forex is excluded from many of these guidelines, foreign currency exchanges are subject to reporting rules and the guidelines that govern swap executions taking place with the CFTC. CFTC
© Goldilocks
Arab League Council to hold extraordinary session at Iraq's request, 23 NOV
Arab League Council to hold extraordinary session at Iraq's request Shafaq News/ On Sunday, the Arab League Council will convene an ext...
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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...