"BASELL III IS NOW ALREADY IN EFFECT " BY MIKECRISTO8, 8 MARCH

MIKECRISTO8

Basel III is now already in effect according to

@BIS_org

FUCK the Banks! See BIS below

@SecYellen

@USTreasury

@federalreserve

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Peruvian Bull

@peruvian_bull

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1h

Cartel Behavior. The banks just threatened the Fed that if doesn't exclude Treasuries from the SLR (Supplementary Leverage Ratio) they WON'T handle the high volume of coming debt issuance! = FUND THE GOV'T! h/t @TaylorK88114500

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$3.06 exchange rate for the IQD 03/07/24 BY PIMPY

"CORRECTION TO FRANK26'S DINAR LIVE ON FOREX POST" BY THOMAS K, 8 MARCH

 Frank26  

 [Correction to Frank26's dinar live on forex post 3-5-2024 below - Information received from community member Tomas K] 

 THOMAS K:  When you put USD/IQD on the chart that was incorrect...The only way the US dollar paired with the Iraqi dinar is this way - USDIQD or IQDUSD , whichever way you want to view the numbers but with no forward slash.  

Forward slash is another indication for that chart to give you some other data.  Don't put a slash between the two Forex symbols.  

FRANK:  This man is correct.  I must apologize.

Government Efforts To Ease US Sanctions On Banks, 8 MARCH

 Government Efforts To Ease US Sanctions On Banks

Economy | 03/07/2024  Mawazine News - Baghdad,  an expert in financial affairs, Mahmoud Dagher, confirmed that the Iraqi government and the Central Bank are dissatisfied with the nature of the US Treasury’s dealings with Iraqi banks, pointing out that there is an effort to lift the sanctions in light of a difficult political framework and a more difficult regional atmosphere.

Dagher said in a televised interview followed by Mawazine News, “The current government administration and the Central Bank are dissatisfied with the nature of the Treasury’s dealings with Iraqi banks and are making an effort within a difficult political framework and a more difficult regional atmosphere,” noting that the Iraqi ambassador in Washington visited the US Treasury and there is work to resolve or Reducing the severity of sanctions.

Regarding the public sector’s control over projects, Dagher stated, “The largest government bank possesses a capital of 130 billion dinars and controls all state deposits, while the smallest bank in the private sector possesses a capital of 300 billion dinars in light of a clear government restriction on the expansion of the sector’s work.” private".

The financial expert described the expansion of the public sector as “ownership, not performance,” noting that “the reason is due to the Ministry of Finance’s monopoly on the labor and investment market in the country.”

Dagher stated, “The public sector needs a sovereign fund, not a fund within the budget.”

https://www.mawazin.net/Details.aspx?jimare=243415

"ANALYSIS OF IRAQ NEWS: Al-Moayad meets a high-level delegation from the US Agency for Global Media," BY CLARE, 8 MARCH

 CLARE

Al-Moayad meets a high-level delegation from the US Agency for Global Media

3/7/2024

The head of the Media and Communications Commission, Ali Al-Muayyad, met today, Thursday, with a high-level delegation from the US Agency for Global Media, USAGM, on the sidelines of Iraq’s participation in the work of the World Bank Digital Summit 2024.

During the meeting, Al-Muayyad stressed: “The importance of strengthening frameworks of mutual understanding in the media fields and the importance of cooperation with the Iraqi government in conveying the true picture of the country,” noting “the important role played by the Iraqi media in promoting integrity, state sovereignty, and the law.”

A statement by the Commission, a copy of which {Al-Furat News} received, said: “The meeting was held at the headquarters of the Iraqi Embassy in Washington and touched on the necessity of exchanging experiences and media visits between the institutions of the two countries and benefiting from the unique experiences undertaken by these institutions.”

It is noteworthy that the meeting was attended by the agency’s legal director, “David Kligerman,” its general counsel, “Royce Main,” the acting director of the Voice of America, “John Liebman,” the director of financial operations, “Trina Mixon,” and the agency’s senior advisor, “Jeremy Gross,” in addition to the acting director. Ken Clairbaut, Director of the Broadcast Technologies Department.

It is noteworthy that the US Agency for Global Media (USGM) is an official organization affiliated with the US administration and is responsible for various state-run media outlets.

LINK

🔥 Iraqi Dinar 🔥 Breaking News: Iraqi Dinar to Reach Economic Heights 🔥G...

"RV UPDATE" BY PIMPY, 8 MARCH

 Pimpy

  We know that a good-sized portion of the infrastructure has already been worked on and somehow some way they did it at an exchange rate of 1310... Being admitted into the World Trade Organization is going to be a huge step...This is why I'm saying most likely you're going to see the Iraqi dinar go up in value, in increments.   Once that gets started I anticipate it going at a really fast pace.Within the past year we have seen more and more exciting news. It isn't just talk and hype...

This time we actually see articles that are showing the progress that Iraq is making in order to start working and trading with the international markets.  They're doing all they can to strengthen their currency while at the same time show stability... Things are going good.  They're actually going a lot quicker than I anticipated.