Thursday, February 29, 2024
Wednesday, February 28, 2024
US State Department: Barzani discussed the repercussions of withdrawing our forces from Iraq, 29 FEB
US State Department: Barzani discussed the repercussions of withdrawing our forces from Iraq
Mawazine News – Baghdad
US State Department spokesman Matthew Miller announced that Secretary of State Anthony Blinken expressed, during his meeting with the Prime Minister of the Kurdistan Regional Government, his support for “constructive cooperation” between the Iraqi government and the Kurdistan Regional Government.
He described the relations between the two sides as “unique in the region” in many ways, noting that the Kurdistan Regional Government was “an important partner for stability in the region.”
Miller stressed the importance of the American partnership with the Kurdistan region of Iraq. In the context of their enduring mutual commitment to regional security and their shared values, including good governance and respect for human rights. Minister Blinken expressed his support for constructive cooperation between the Iraqi government and the Kurdistan Regional Government, in addition to strengthening unity within the Kurdistan Region of Iraq to enhance stability and economic prosperity for all Iraqi people. This is not the first time the Minister has met the Prime Minister, as we have held meetings in other contexts. Regarding the timing of the meeting. There was nothing else on the topic and we wanted to continue the conversation.
https://www.mawazin.net/Details.aspx?jimare=242831
"RV UPDATE" BY WALKINGSTICK, 29 FEB
Walkingstick
The market will definitely tell you a change is coming to the exchange rate. These are the reasons why it was so important to know what to look for next. The market can carry a dual rate. It should not but it does. It carries both rates at one time. One that is official and the one that is not. This dual pricing in the market for them to collect even more 3 zero notes. But they surpassed this goal. There is no need for a dual pricing in the market because they got a whole lot of dinars to return back...
IMO the monetary exchange rate has been monitored to deal with internal inflation in the country of Iraq. The RV phase of the monetary reform brought forth all the calculations in order to succeed with the citizens first...Therefore when they reprice the market in Iraq get excited.
"BANK STORIES" BY WALKINGSTICK & FROG VIA BEARDED PATRIOTUSA, 25 FEB
WALKINGSTICK
[Mr. IT Guy Bank Story]
My brother asked [JP Morgan Wealth Manager] whether he could bypass the US dollar and exchange straight from the IQD to gold and silver and the private banker said he didn't know but he would find out and call him back.
MILITIA MAN: My understanding is that is possible...I have been told some time ago by more than one source that if the currency is traded on the FX...an international acceptable foreign exchange currency...they'll take that currency in exchange for precious metals.
My wife and I...were looking for a Chase branch that had JP Morgan Wealth Management printed on the door as well as Chase...I'm in a large metropolitan area...We found one near us...My brother took it upon himself to call the branch yesterday. He specifically asked for a private banker...My brother asked him if they exchange foreign currencies and if he was aware of the Iraqi revalue of their currency.
The private banker said yes he was and that they would be exchanging at that location...and names and numbers he's taking will get priority over anybody else that calls or walks in after the revalue..
As soon as it hits Forex he's going to start making phone calls...He told my brother they were expecting a number of people to be coming in and were preparing for that, a bunch of new people with wealth is...exactly what he told my brother...They're planning on having police officers available at the location for those customs that are planning on leaving the establishment with large sums of cash...
MILITIA MAN: ...Is it a coincidence that this expert came out tonight and talked about deletion of the zeros? We're going to find out. It's pretty interesting stuff.
https://dinarevaluation.blogspot.com/2024/02/complete-mr-it-guy-bank-story-by.html
https://dinarevaluation.blogspot.com/2024/02/mr-it-guy-bank-story-by-militiaman-19.html
https://dinarevaluation.blogspot.com/2024/02/rv-update-by-walkingstick-27-feb.html
Parliamentary Finance presents 7 proposals for the development of the Iraqi banking system, 29 FEB
Parliamentary Finance presents 7 proposals for the development of the Iraqi banking system
Mawazine News – Baghdad
The Finance Committee in the House of Representatives announced today, Wednesday, the proximity of three of its final stages of legislation to develop the financial system and banking institutions in Iraq, while it submitted 7 proposals for the development of the Iraqi banking system.
The Chairman of the Committee, Atwan Al-Atwan, said during the annual conference on Finance and Banking Services, which was held on the grounds of the Baghdad International Fair, “the conference is an important opportunity to discuss files and issues of high importance, and to hold future financial and economic partnerships between Iraqi banks and companies with their counterparts in neighboring countries and the world.”
He added, “The banking system is one of the main tools for the process of economic growth of any country, given its effective role in stabilizing the financial system in general and achieving growth in particular, by financing productive projects as a link between investors and depositors.”
He continued, “As well as by transferring money from people who own it and do not have an opportunity to the people who need it and have investment opportunities, thus contributing effectively to raising the level of economic activity, achieving economic growth and easing and addressing economic problems, until banks have become indispensable institutions in any economic system.”
He pointed out that “the Iraqi economy suffers from many problems, so it is necessary to go to the banking sector, to achieve economic growth of productive projects in the private sector, in order to alleviate and address economic problems, especially the problem of financial deficit in the budget, through the use of financial tools in order to achieve economic and social goals.”
He pointed out that “local public and private banks have a long history and a prestigious position, but unfortunately, during the era of the early regime, these financial institutions were subjected to a decline in their capabilities, due to the wrong policies that negatively affected the level of their services, and their interruption from the progress of the global banking industry.”
He went on to say: “Wars and siege are the hanger on which the wrongding regime has suspended its mistakes for the purpose of justifying them, which put our local banks in complete isolation from openness and cooperation with Arab and foreign banks.”
Al-Atwani explained that “the goal we seek today is how we can achieve a qualitative leap in the development of our banking services, in order to ensure that it is caught up with developed countries in this field,” pointing out that “this mission requires a high national effort from our concerned institutions, by the relevant authorities and open to external banking developments.”
Al-Atwani presented a number of development proposals, which are:
First: Providing the banking institution with efficient financial and technical staff and ensuring the development of its skills and capabilities by involving them in training courses outside Iraq and training it on modern methods of banking dealing and completing banking transactions in modern ways while training them on the use of advanced technical devices.
Second: Equipping banks and banks with advanced modern devices in all fields and financial activities, and introducing an ATM service in all branches to ensure disbursement with ease and ease for all account holders.
Third: Establishing quality measurement centers in all banks and activating their role in receiving development ideas and opinions, while honoring the owners of those ideas that are proven in the practical fields and their results reflected positively on the development of the performance of banks in order to evaluate the innovators and urge them to present other creative ideas that achieve a comprehensive risevival in all banks and refineries.
Fourth: Opening the horizons of cooperation and coordination between Arab and international banks and banks, for the purpose of benefiting from the experiences of those financial institutions that preceded us in developing, achieving qualitative leaps in the performance of our banks and reducing the time factor to ensure that we join the advanced ranks of the regional and international banking industry.
Fifth: Encouraging scientific studies and research aimed at developing outstanding performance in our financial institutions and ensuring the transformation of those recommendations, studies and research from their theoretical reality into a concrete practical reality that reflects positively on economic, commercial and future developments.
Sixth: Studying the possibility of opening branches for local Iraqi banks, for the purpose of expanding the circle of banking activity, providing the best services and attracting more customers from banks as a means of attracting capital.
Seventh: Approving the basic principles of using interest to ensure increased deposits as well as giving the process the integrity of the national currency from counterfeiting, and addressing issues related to money laundering in order to preserve the value of the national currency, and the economic interests of the country.
He pointed to “the efforts of the executive and legislative authorities at the moment in developing the financial system and banking institutions through their quest to complete and legislate the relevant laws, which have reached their final stages, which are first: the draft securities and commodities law, which seeks to regulate the work of financial markets and commodities and control trading operations in cash and commodities in a way that enhances economic activity, strengthens the investment environment and encourage the process of capital formation.”
He continued, “The second project is the law of the Center for Banking Studies, which aims to develop the scientific work of banking work, and raise the level of technical and professional performance in the banking system, and the third project is the Islamic Investment Sukuk Law, which aims to create and diversify investment tools in the Iraqi financial market and enable Islamic banks and Islamic financial companies to contribute to the development of economic projects.”
"RV UPDATE" BY MILITIAMAN, 29 FEB
Militia Man
Everything we've been seeing in the news...is quite intense in respect to a lot of the things we've been talking about... Article: "Iraq's Minister of Trade: We seek to join the World Trade Organization and expand our economic relations with the world" That's pretty bold. Quote: "...Iraq is now able to enter the global trade market through the organization on a large scale." There you have it...That is a massive quote.
Article quote: "Deleting the zeros...does not conflict with its value but needs educational campaigns to proceed it and a traditional period for trading the currency with zeros and the new currency to know the two currencies are equal in value." If they are going to be equal in value...a dinar is a dinar is a dinar. A dollar is a dollar. When it comes to an international stage a dinar is not a dollar, nor is a dollar a British pound or a Japanese yen. There's a difference in value. Are they one of each? Of course they are...But are they valued the same? Absolutely not...
They're talking about deleting the zeros again...We're not talking 1, 2 or three articles...
Article quote: "The issue of deleting the zeros and splinting the dinar has become a topic that causes a lot of reflection and controversy in economic circles..."
If you go from 1310 to something back to a 'previous era'...is a big move ...Article quote: "When this is done correctly we can expect...a strong dinar that is considered a store of value and perhaps even stronger than the dinar that was before 1980."
Iraq is going to explode with growth. We all know that...You're going to provide thousands and thousands of jobs and build 10 industrial cities, millions of homes...it creates a lot of growth. It creates a lot of jobs...
https://dinarevaluation.blogspot.com/2024/02/rv-update-by-militiaman-26-feb_02070859503.html
https://dinarevaluation.blogspot.com/2024/02/rv-update-by-militiaman-28-feb.html
CBI: Launching a new mechanism for travel or treatment transfers next year, 26 nov
CBI: Launching a new mechanism for travel or treatment transfers next year Central Bank of Iraq - CBI Governor Ali Al-Alaq announced on Mond...
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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...