Sunday, February 25, 2024
The disappearance of 1.2 trillion dinars.. The Iraqi printed currency declined as the third largest decline recorded in 20 years, 25 FEB
The disappearance of 1.2 trillion dinars.. The Iraqi printed currency declined as the third largest decline recorded in 20 years
Al-Sumaria News – Special
Data from the Central Bank of Iraq shows a decrease in the amount of printed currency by 1.2 trillion dinars between the months of November and December 2023, while Al-Sumaria News concluded, through a historical review of the printed currency, that this decrease in the amount of currency is the third largest decrease recorded in 20 years.
According to data obtained by Al-Sumaria News, the total amount of “printed” currency in Iraq until December 2023 amounted to 101.4 trillion Iraqi dinars, a decrease from the amount of currency that was present in Iraq in November 2023, which then amounted to 102.6 trillion Iraqi dinars.
This means that the amount of printed currency decreased by 1.2 trillion dinars, which is supposed to have “disappeared,” and the only way to do this is usually for the Central Bank of Iraq to destroy this currency, and it usually compensates for it by printing another currency.
Al-Sumaria News reviewed historical data for currency printing in Iraq, and it was found that the printing and quantity of currency takes an upward trend every month, and the quantity of currency rarely decreases, as printing continues, which increases the quantity of currency, but destruction is the least common act.
The data shows that the largest recorded decrease in the amount of the Iraqi currency since 2004 until now was between June and July 2014, when the decrease reached 2 trillion dinars, and then between November and December 2015, with a decrease of 1.4 trillion dinars, and also between May and June 2021, with a decrease of 1.4 trillion dinars. .
The latest decline between December and November 2023 comes as the third largest decline in the amount of currency printed within one month, amounting to 1.2 trillion dinars, since 2004 until now, that is, 20 years ago. It also comes among only 6 similar declines, amounting to more than one trillion dinars within a month, for twenty years.
alsumaria.tv
"RV UPDATE" BY FRANK26, 25 FEB
Frank26
Question: "I appreciate you saying Chase and JP Morgan but is there a problem with Bank of America or Merrill Lynch?"
Who said there was?
You want to go to BOA and see if they can hook you up with Merrill Lynch?
Go for it...I told you there would be many banks. If you don't like this one go to another bank. There will be many places you can go and exchange to.
You know the qualifications to be part of the WTO. Is it to have value to their currency?
No. It is to have a currency with no restrictions. Therefor if there are no restrictions on their currency, Hey, CBI, go crazy!
Saturday, February 24, 2024
Parliamentary Finance: Baghdad will finance the salaries of the Kurdistan Region monthly under the decision of the Federal Court, 25 FEB
Shafaq News / The Parliamentary Finance Committee clarified, on Saturday, the details of the decision of the Federal Supreme Court on the financing of the salaries of the employees of the Kurdistan Region.
“The decision of the Federal Supreme Court required the Ministry of Finance of the federal government to finance the salaries of employees in the Kurdistan Region, like their peers of employees in all Iraqi provinces,” the head of the parliamentary finance committee, Atwan Al-Atwani, told Shafaq News.
He added that “the decision is clear that any party that obstructs the implementation of any of these paragraphs will put itself in front of accountability and justice,” noting that “the goal of localizing salaries is to build a database and avoid job replication.”
Al-Atwani also pointed out that “the amount of allocations will be part of the region’s allocations, which is 12.67%, and what is left of it is to finance projects and the requirements of institutions in the region.”
He noted that “the Ministry of Finance will finance monthly the salaries of employees and retirees in the Kurdistan Region according to the decision of the Federal Court,” adding that “officials in the territorial government should react positively to the decision in order to fund the salaries of employees naturally.”
The Federal Supreme Court (the highest judicial authority in Iraq) decided on Wednesday, 21/2/2024, to oblige Mohammed Shia Al-Sudani, Federal Prime Minister, and the President of the Kurdistan Regional Government Masroor Barzani, to settle the salaries of employees and workers in the public sector with federal banks.
The President of the Federal Court, Judge Jassim Mohammed Abboud Al-Amiri, read out the text of the ruling on the issue of the region’s salaries, where Al-Sudani and Masr Barzani were obliged to settle the salaries of all employees of government agencies in the center and the region in federal banks outside the Kurdistan region.
The court also decided to require the submission of the monthly budget to the territory’s employees to the Federal Ministry of Finance, with the obligation of the Council of Ministers of the region to hand over all oil and non-oil revenues to the federal government.
The ruling stressed that the decision to settle the salaries of the region’s employees is a fifical and binding decision.
"ABOUT ZIM BONDS" BY TRUTH WARRIOR, 25 FEB
TRUTH WARRIOR
🇺🇸💥🇺🇸. Zimbabwe is a very wealthy country with a plethora of gold! 💥💥💥. The Zimbabwe bonds are very valuable and will be the stronghold of the Event! 🇺🇸💥🇺🇸👇👇👇
Iraqi parliament have signatures for bill to evict U.S. troops from Iraq! 💥💥💥. Trump said that we leave when we get paid for the infrastructure that the military built in Iraq! 💥💥💥. All part of the plan and the timing has not yet been revealed!
https://dinarevaluation.blogspot.com/2024/02/rv-update-about-zim-bonds-by-truth.html
"RV UPDATE: ABOUT ZIM BONDS" BY TRUTH WARRIOR VIA BEARDED PATRIOTUSA, 13 FEB
🇺🇸💥🇺🇸. Zimbabwe is a very wealthy country with a plethora of gold! 💥💥💥. The Zimbabwe bonds are very valuable and will be the stronghold of the Event! 🇺🇸💥🇺🇸👇👇👇
Iraqi parliament have signatures for bill to evict U.S. troops from Iraq! 💥💥💥. Trump said that we leave when we get paid for the infrastructure that the military built in Iraq! 💥💥💥. All part of the plan and the timing has not yet been revealed!
TIDBITS FROM WALKINGSTICK, 29 NOV
Walkingstick The CBI and the US Treasury are monitoring the black market... The market of Iraq should reflect the official exchange rate...
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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...