Article: "Central Bank announces the increase in the volume of foreign reserves from 140 to 148 trillion dinars"
That's perfect because...the more reserves you have the easier it is to protect your exchange rate.
On the Central Bank of Iraq website it tells you how many dinar they put into circulation. But what is not reflected is what has been removed out of circulation, whether the government took it out of circulation or whether they were damaged, fire, destroyed, lost forever, who knows. That's not reflected in there.It's not really 101 trillion Iraqi dinars in circulation. That's what they put out in circulation but not what's actually in circulation.
The US National Security Advisor stresses the importance of securing the Kurdistan region's financial entitlements and its share of the budget
3/1/2024
Today, Friday, US National Security Advisor Jake Sullivan stressed the importance of securing the financial entitlements of the Iraqi Kurdistan region and its share of the federal budget.
A statement from the regional government received by Al-Rabaa stated, “The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, met at the White House with US National Security Advisor Jake Sullivan, and the latter conveyed the greetings of President Joe Biden to Masoud Barzani and the Prime Minister. He also renewed the White House’s support for a strong Kurdistan.” And for the constitutional rights of its people.”
The US National Security Advisor praised "the heroism, struggle, and sacrifices of the Peshmerga, especially in confronting ISIS terrorists," stressing "the importance of protecting the security of the Iraqi Kurdistan region, and securing its financial entitlements and its share of the budget."
For his part, Barzani expressed his “thanks to the United States for its continued support for the region,” reiterating “the necessity of respecting the constitutional entity of the region, in a way that preserves the rights of its components and does not violate them in any way.”
He pointed to "the importance of implementing the constitution, including the formation of the Federation Council in Iraq."
Article quote: "Does deleting the currency’s zeros affect its value?...”
I called my CBI contact...and I was told to expect the Project to delete the Zeros to occur very soon. WOW! WOW! WOW! Then...out pops this article, then another and...yet another all dealing with the Project to Delete the Zeros- coincidental? WOW! WOW! WOW! I don’t think so...
It is now on the radar scope for the CBI for the very near future?
remember...the difference between RATE and VALUE...the value is in the dinar already but not reflected yet in the rate. There is no need to increase the value if the TRUE value is being suppressed by the 3 zero rate...Economic expert, Durgham Muhammad, said to the citizens and I quote –
“that deleting the currency’s zeros does not conflict with its value”...Okay, so...we all know the rate is being artificially suppressed ...Once the 3 zeros are dropped, (not lopped) the only thing that will change by the Project to Delete the Zeros, is the realization of the TRUE value through its currency.
US imposes sanctions on Zimbabwe president over ‘abuses’: White House
The United States on Monday imposed sanctions on Zimbabwean President Emmerson Mnangagwa and other senior leaders, replacing a broad two-decade-old pressure campaign with targeted action.
Citing a campaign of rights abuses and corruption, the United States will block any US-based property and prohibit any unofficial travel to the country by the sanctioned Zimbabweans.
“The changes we are making today are intended to make clear what has always been true: our sanctions are not intended to target the people of Zimbabwe,” Deputy Treasury Secretary Wally Adeyemo said.
“We are refocusing our sanctions on clear and specific targets: President Mnangagwa’s criminal network of government officials and businesspeople who are most responsible for corruption or human rights abuse against the people of Zimbabwe,” he said.
Secretary of State Antony Blinken called the new measures were part of a “stronger, more targeted sanctions policy” on Zimbabwe as he voiced concern over “serious cases of corruption and human rights abuse.”
“Key individuals, including members of the government of Zimbabwe, bear responsibility for these actions, including the looting of government coffers that robs Zimbabweans of public resources,” Blinken said in a statement.
“Multiple cases of abductions, physical abuse, and unlawful killing have left citizens living in fear.”
In imposing the sanctions, President Joe Biden issued a declaration abolishing an earlier sanctions program on Zimbabwe launched in 2003.
Zimbabweans sanctioned since then will now see their property unblocked unless named again on Monday, and the country will be removed from a Treasury Department list that regulates sanctions, officials said.
The earlier sanctions — while also primarily targeting the Zimbabwean leadership under veteran president Robert Mugabe — were part of a larger pressure campaign led by then president George W. Bush in coordination with Britain following a campaign of forced takeover of land from white farmers.
– Zimbabwe claims win –
The Zimbabwean government praised the lifting of the old set of sanctions, which it has long blamed for the country’s dire economic situation.
“Well, this is massive,” government spokesman Nick Mangwana, wrote on X, formerly known as Twitter, in what he called “a great vindication” of Mnangagwa’s foreign policy.
“That said, as long our president is under sanctions Zimbabwe remains under illegal sanctions, as long as members of the First Family are under sanctions, Zimbabwe remains under illegal sanctions, and as long as senior leadership is under sanctions, we are all under sanctions,” he wrote.
Mnangagwa, whose party has been in power for more than four decades, was declared the winner of a new term in an election in August that international observers said fell short of democratic standards.
Hopes of a thaw with Zimbabwe briefly surfaced after Mnangagwa pushed Mugabe out of power in 2017, but Western powers and rights groups say that the new leadership has also clamped down on the opposition and protests.
Others targeted by the latest sanctions include First Lady Auxillia Mnangagwa as well as Zimbabwe’s first vice president, defense minister and military chief.
Blinken earlier said that the United States would deny entry into the United States of anyone seen as impeding the fairness of the last election.
FIREFLY: Bank friend...in his opinion a new rate that will float. We're going to have gateway from Iraq to European side in trading. It will be amazing...The deletion of the zeros is near...Four different experts of the economy being sent to us by the CBI saying what is needed to be done with the zeros. It's no secret. FRANK: He's 100% correct. I keep telling you it's here.
FIREFLY: The television is saying the government is putting mobile teams together to monitor - No prices gouging during Ramadan. That tells us plainly there will be no rate change during Ramadan IMO.
FRANK: It can happen at any time...But... I don't see the reason for this to happen during Ramadan. It is a holy period. I see it happening before Ramadan.
FIREFLY:TV showing half a billion dinar recovered from a corrupt banking judiciary officer.
FRANK: It just don't stop! Good gosh almighty everybody steals out there.
FRANK: I sent you to your bank friend. Your friend is going to be receiving machinery IMO that will help him identify the new lower notes they are going to give you. They are also going to be sending in people who are experts in the process of exchanging currency. In your case, three zero notes for lower notes.. .It's very obvious the next step for the CBI is for these people and this equipment to be used to give you the new exchange rate and lower notes. It is approaching you with great confidence. Be strong. You're almost there.
