FIREFLY: Parliament Finance is calling in the CBI to open bank branches outside of Iraq.
FRANK: Too late, That's been going on a while! All last year we already told about the private banks of the CBI - They're going to retrieve the 3-zeros outside of Iraq because 97% or more is already been retrieved inside...The satellite banks are all over the world right now are ready to collect the 3-zero notes...All of these actions are to introduce the new exchange rate and the new national sovereignty to you, Iraqi citizens.
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.
Iraqi Customs begins implementing the automation system "ASYCUDA" in the port of Umm Qasr
3/3/2024
On Sunday, Iraqi Customs began implementing the Customs Automation and Modernization System (ASYCUDA) in the Grand Welcome Square in Umm Qasr Port, south of the country.
She said in a statement, received by Shafaq News Agency, that the Minister of Finance gave the signal to implement the program during a ceremony held in the Grand Welcome Square, attended by United Nations representative Nizar Amari, and a number of officials and heads of departments operating in the port.
The statement quoted the Minister of Finance in her speech as saying that implementing this system in the port of Umm Qasr comes within the strategic plan adopted by the government in the field of using modern techniques and technology, noting that implementing the automation system will achieve a set of goals, the most important of which are financial discipline, reducing errors and achieving efficiency. Effectiveness in using government resources, in addition to providing accurate data and information.
The Minister confirmed that this step is one of the steps that the government put in its curriculum and was adopted by the General Authority of Customs to apply technology and keep pace with the countries of the world.
For his part, the Director General of Customs, Counselor Hassan Al-Ugaili, said in his speech during the ceremony that the authority is committed to its duties, which revolve around three main axes, the first of which is facilitating legitimate trade and the axis of protection by implementing government decisions in the field of restriction and prevention, which provide protection for the consumer and society from the entry of prohibited materials, in addition to The collection and revenue axis, which will be controlled through the application of the customs modernization and automation system (ASYCUDA).
The Authority stated that it had previously implemented this program at Baghdad International Airport/Air Cargo Customs, stressing that steps are being accelerated to implement it in all regions, customs centers and the rest of its departments.
She added that the system of automating and modernizing customs through the application of the ASYCUDA program, which is in effect in more than (100) countries, which came after the signing of a partnership contract by the Ministry of Finance with the United Nations Conference on Trade and Development (UNCTAD) in 2021, where an international team was sent. A specialist from UNCTAD supervises the implementation of the program in cooperation with a work team from the Iraqi customs. Preparing the requirements for its implementation began, and the employees were trained to work on its management and gain experience from the international team, as well as introducing them to training workshops inside and outside Iraq.
[via PDK] I have a lot of sources expecting it to break loose in the next 2 days of this week…hope they are right.
[via PDK]
Question: what is your guy saying about rates? Others are saying $1.30 in country...
MarkZ: TO me $1.30 doesn’t make a whole lot of sense. Would it work for them - yes. They have been very blunt with their people and even Sadr said they were going to restore the dinar to its former glory. And $1.30 is about a third of what it used to be...I would be ok with $1.30…but I expect higher.
...a number of group contacts are expecting liquidity the first of the week…Monday or Tuesday. The chatter is strong amidst a number of group contacts. We all hope this is actually it this time.
Finance Minister Taif Sami confirmed on Monday the trend towards automation, digital transformation and the use of modern electronic systems.
The Ministry of Finance said in a statement, seen by “Economy News”, that “the Ministry’s opinion body held, today, its periodic meeting under the chairmanship of Minister of Finance, Taif Sami Mohammed, to discuss a number of listed topics and make the necessary recommendations on them, in the presence of a number of general managers of departments, banks and bodies affiliated to the ministry.”
She added that “the meeting discussed reviewing the recommendations of the committees formed in the meetings of the Opinion Commission for previous sessions, stages of progress and achievement rates, listening to the total of the proposed amendments in a way that allows the possibility of developing the ministry’s performance and adapting it to the requirements of modern financial management and what is witnessing the financial and business sector at the present time,” pointing out that “the meeting dealt with the emphasis on continuing efforts and possibilities for implementing the recommendations of the Council of Ministers within the framework of the government program to develop financial and banking performance, and moving towards automation, digital transformation and the use of modern electronic systems to ensure the advancement of the reality of work to provide the best services to citizens.”
Michael J. Ruben oversees all of Columbia’s GCR implementation and is based in the US from the New York office. Salvage told me that “The GO” comes from this office, from a bank in New York.
Michael Ruben has been in contact with Mauricio Castaño in Columbia and has given the gentleman THE LONG EXPECTED GREEN LIGHT to pay all 28 Paymasters in Columbia, which will result in them receiving FULL LIQUIDITY; In other words, MONEY TO SPEND to those in their groups, whom they are responsible for funding.
On Wed. 6 Dec. the end of the fiat USD happened when President Putin met with Saudi Arabia UAE
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European, Ukraine, Russia, China and US Currency will go down in value, which will help emerging markets like Iraq reinstate their currency so they can trade with 1:1 parity with 1st world economics.
Vladimir Putin took the Russian chief of the Central Bank documents that were signed in behalf of all Opec nations that had to do with a currency peg.
The US Treasury, Federal Reserve, SOFT Bank, Japan Bank, China Bank, US Banks will all go to zero value between 15 Dec. and 15 Jan. This is the panic window where everything goes into implosion mode. The fiat US Dollar will not be used after 1 Jan. 2024.
The US was functioning on fiat dollar derivatives, or mortgage backed securities and could not pay off the one hundred trillion plus dollars due on Fri. 15 Dec.
That’s why the bankers on Capitol Hill were crying about Basel 3 – they know they are sitting on debt that they can’t pay off so they can’t implement Basel 3 or ISO 20022 to be able to join the new gold-backed financial system. The banks were about to go extinct December 09, 2023
