Frank26: "THIS SUBJECT IS ONLY BECAUSE THERE IS NO USD TO USE & THE 3 ZERO NOTES ARE WORTHLESS IN IRAQ. SO WHERE'S THE LIQUIDITY?... IN THE LOWER NOTES THAT ARE ABOUT TO BE INTRODUCED".........F26
Al-Alaq denies to Al-Iqtisad News the existence of a liquidity crisis in the Iraqi dinar
2/22/2024 Baghdad
The Governor of the Central Bank of Iraq, Ali Al-Alaq, denied reports that there was a problem in providing the dinar.
Al-Alaq said in his speech to Al-Iqtisad News, on the sidelines of the workshop on enhancing electronic government collection, organized by the Iraqi Private Banks Association, today, Thursday, that “everything that is being raised about a problem in providing the Iraqi dinar, or a liquidity crisis, is not true.”
He added that the Central Bank did not stop for a single moment in responding to the Ministry of Finance’s liquidity requests. LINK
Shafaq News/ On Friday, a government source disclosed that the Baiji oil refinery has been successfully rehabilitated and brought back into operation.
Today, the Iraqi Prime Minister, Mohammad Shia Al-Sudani, reopened the refinery, the largest in Iraq.
The source told Shafaq News Agency that the refinery now boasts a production capacity of 150,000 barrels per day, emphasizing that it has led to a 50% reduction in the need for imported gasoline.
The refinery, with a base production capacity of 310,000 barrels per day, had been closed for over ten years, and its operations were interrupted when ISIS occupied it in May 2014.
Following the liberation of Baiji from ISIS in 2015, the refinery faced challenges. Some reports said that armed factions involved in the military operations against ISIS “stole” the refinery’s equipment and sold them.
Later, Prime Minister Al-Sudani announced that the stolen equipment and devices were recovered.
It has been a long journey for all of us, some of us have been in this for 30 years. A person I know has been in this since the 1960s when she heard about this, more than 50 years ago. It boggles the mind how many years people have waited for this to happen.
We can’t get any info from Reno, Zurich or other platforms because everyone is under NDA and that is a good sign. No one is talking. I tried to talk to Whales and they are under NDA, and yes, they have been blessed.
I think there is not going to be an announcement, I think it is a process, I think people will just get paid, and they will sign an NDA, and then we will know about it. They will probably celebrate with their family and their platform. I do not think we will all celebrate together as we wanted to.
I have been told by a good source that we may celebrate by tomorrow Fri. 23 Feb.
There are some things I cannot tell you. I know people are suffering, about to lose homes, living in cars, severe health issues, like me.
I want to let you know that it has started and I am just waiting for a call to release.
My personal opinion is that we will get appointments next week.
Bondholders need to get paid first and then currency holders. Historical bond holders will go last after the currency holders.
That is about it guys. It has been very stressful for me guys. I am going to the Gold Coast. I can’t go today, due to a glitch in the system, but I will go tomorrow as I have been invited to a summit to be a guest speaker and will be back on Monday. There is nothing more I can tell you. Take care guys, Wolverine.
Wed. 21 Feb. Wolverine Whale Movement (of funds) Happening
19,905,635 #XRP (10,751,673 USD) Transferred From #Binance To Unknown Wallet. 18,544,887 #XRP (10,016,690 USD) Transferred From #Binance To Unknown Wallet.
Someone Knows Something Huge Pump For #XRP. …
“The QFS is connected to 108 banks, is active in 14 countries and the platforms are ready to allow transfers. We are ready. God bless.”
PM calls for ending oil derivatives imports as Iraq eyes self-sufficiency
Shafaq News/ Prime Minister Mohammed Shia al-Sudani on Friday criticized Iraq's long-standing practice of importing oil derivatives despite the country's huge daily crude oil production.
He pledged to achieve self-sufficiency in oil derivatives by mid-next year.
Speaking at a ceremony to celebrate the reopening of the Baiji North Refinery, al-Sudani denounced the decades-old policy of importing oil derivatives given Iraq's potential to meet its own needs.
"We have the capability to secure our own oil derivatives," al-Sudani said. "We are nearing the goal of self-sufficiency, with a target set for mid-next year. Our nation's heroes may even surpass this timeline."
Al-Sudani said that redirecting funds from oil derivative imports would bolster other vital sectors and reaffirmed the government's commitment to prioritizing the oil and gas industry, with a focus on efficient resource utilization and maximizing income.
Work at the Baiji refinery, Iraq's largest with a processing capacity of 310,000 barrels per day, was halted after it fell under ISIS control in May 2014.
Following the liberation of the Baiji district in 2015, many equipment were found to be lost from the refinery with fingers pointing toward Iraqi armed factions that participated in the liberation battles. Al-Sudani later announced that the looted equipment was recovered.
The training with the specimen sheets is a daily continuing thing...We don't know if it's going to be the DeLaRue machines or a completely different structured machine because the new security features on the new small lower notes are not recognizable on the old DeLaRue machines. Aki is working with new sorting and counting machines [Not the new DeLaRue machines]...These machines [New DeLaRue] will only be used inside of Iraq. Aki has no need for these machines...Chase's JP Morgan who buys and sell currency around the world would also have these new machines.
The CBI was given new DeLaRue machines to use by the United States Treasury.Why? Because the old DeLaRue machines cannot read the new security features on the new lower notes.
The Government of Iraq is soon to receive the funding for everything that is waiting for a new international exchange rate, for everything the world is waiting for, for what you're waiting for, for what the Iraqi citizens are desperately in need of.
"IRAQI BANK FRIEND UPDATE" BY WALKINGSTICK, 7 FEB
[Iraqi Bank Friend Aki update]
Aki [and his boss Number One] went to the meeting on Thursday with everybody else that represents banks in Iraq. The one question we had for them, 'Gentlemen, we've been seeing some articles that are suggesting maybe we're looking at about two more months away...' [they answered] 'NO! Who told you that!'
All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. All the things that Aki [Iraqi bank friend] had to do in order to qualify to exchange the 3-zero notes into American dollars is done. International platforms that were needed in order to do electronic transfers is done...
[Iraqi Bank Friend Aki update]
This is the monetary reform roadmap for the next couple of weeks...January 29th a banking campaign was started to release deeper education about the monetary reform to the Iraqi citizens
...Either Thursday or Friday the Minister of Planning, Minister of Finance, the Governor of the Central Bank of Iraq and the Prime Minister Sudani are all going to be receiving the flow down of information regarding the new currency that is to be released and the new exchange rate for that new currency...Also...the Erbil Stock Exchange (ESX) and The Iraqi Stock Exchange (ISX) have completed their linkup...of international platforms. They are done and going live at any moment.
All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. All the things that Aki [Iraqi bank friend] had to do in order to qualify to exchange the 3-zero notes into American dollars is done. International platforms that were needed in order to do electronic transfers is done...
[Iraqi Bank Friend Aki update]
This is the monetary reform roadmap for the next couple of weeks...January 29th a banking campaign was started to release deeper education about the monetary reform to the Iraqi citizens
...Either Thursday or Friday the Minister of Planning, Minister of Finance, the Governor of the Central Bank of Iraq and the Prime Minister Sudani are all going to be receiving the flow down of information regarding the new currency that is to be released and the new exchange rate for that new currency...Also...the Erbil Stock Exchange (ESX) and The Iraqi Stock Exchange (ISX) have completed their linkup...of international platforms. They are done and going live at any moment.