AL-YASIRI: THE AMERICAN ADMINISTRATION IS WORKING HARD TO DESTROY THE IRAQI ECONOMY
The political and security analyst, Muhammad Al-Yasiri, today, Thursday, accused the American administration of continuing its hostile policy to destroy the Iraqi economy.
Al-Yasiri told Al-Maalouma, “The US Treasury Department continues to restrict the flow of dollars to the Central Bank of Iraq and reduce cash liquidity.” He pointed out that “the American administration is working hard to restrict the Iraqi government and discourage it from demanding the removal of its occupying forces from the country.”
He continued, “The American restrictions on Iraq regarding the dollar clearly confirm the lie of the so-called friendship of the United States of America with Iraq.”
The US Treasury Department recently imposed economic sanctions on eight Iraqi banks, preceded by sanctions on fourteen others, and prevented them from dealing in the dollar currency, as the reasons behind the imposition of such sanctions were not explained.
(In my last Newsletter I talked about the importance of getting these sanctions lifted, but only when the parallel market is stabilized and movement is downward.)
Finance Committee: Salaries are secured in the 2024 budget and there is no financial crisis in Iraq
Baghdad Today – Baghdad
The Parliamentary Finance Committee, this evening, Thursday (March 28, 2024), reassured employees and retirees regarding their salaries in the financial budget for the year 2024.
The head of the committee, Atwan Al-Atwani, told the official agency, followed by “Baghdad Today,” “We are awaiting the arrival of the 2024 budget schedules.”
He added, "The salaries of employees, retirees, and the protection network are secured in the 2024 budget."
Al-Atwani stressed, "There is no financial crisis in Iraq."
The head of the Parliamentary Finance Committee, Atwan Al-Atwani, announced yesterday, Wednesday, that “the total budget for 2024 amounted to about 228 trillion dinars.”
While the Minister of Planning, Muhammad Tamim, said during his hosting of the Finance Committee yesterday that the government committee responsible for reviewing and auditing these tables is working to reduce the deficit amounting to 80 trillion dinars because it is considered a large deficit. LINK
As we approach the MICA testing and implementation of regulating Global cryptocurrencies, Exchange Traded Notes or ETNs THAT TRACK INDEXES, BONDS AND OTHER ASSETS will soon become available on May 28th, 2024.
MICA's pilot program is expected to be done near the above date as well. This will enable us to move forward with Global Cryptocurrency Regulations.
While all of this is going on, Phase 2 of Project Aurora progresses forward along with MICA. This includes anti-money laundering (AML) mechanisms to support the new digital economy. It ensures a proof of concept application able to scale this and other pilot programs.
Project Aurora allows banks to validate investments in digital transformation, and it minimizes the risk of a costly mistake in a full-scale implementation of a project such as MICA. BISAsanaRegulationAsiaLucinity
Turkish and U.S. President Joe Biden is scheduled to host his Turkish counterpart Recep Tayyip Erdogan at the White House on May 9, Turkish and U.S. officials said Friday, Turkish and U.S. officials said Friday, in the Turkish leader to Washington since Donald Trump was president of the United States.
Relations, long strained by disagreements over several issues between the two NATO member countries, have improved since Ankara ratified Sweden’s request to join the alliance in January, after a 20-month delay that frustrated Washington.
However, tension remains over issues involving northern Syria, where U.S. forces are allied with Kurdish militants whom Ankara considers terrorists and are waging cross-border military operations.
At the same time, Washington is putting pressure on Ankara to do more to ensure that its sanctions on Russia, which overlooks the Black Sea coast, like Turkey and Ukraine, are not circumvented.
Washington sees the meeting as an opportunity for Erdogan to agree on a complete ban on the transit of goods, which could be used civilianly or militarily, from Turkey, which Washington says is being used in Moscow’s war effort in Ukraine, a U.S. official said.
Since Biden’s election in 2020, he and Erdogan have met several times on the sidelines of international summits and spoke by phone. Turkey pressed for a meeting at the White House in which Erdogan previously met with Trump in 2019, where he had good personal ties to him.
A Turkish official, who confirmed the planned visit in May, said the visit comes as an “opportunity” for bilateral relations.
“We hope that the visit will also be an opportunity to strengthen cooperation in various areas and strengthen the spirit of the coalition, including the fight against terrorism,” the official added, requesting anonymity.
Ankara has for years expressed deep alarm at U.S. support for the Syrian Kurdish People’s Protection Units (YPG), which it is a terrorist organization linked to Kurdish militants who have been waging decades of insurgency against the Turkish state. But Washington says the YPG is a key ally against the Islamic State in Syria.
Despite the dispute over the US military presence in Syria and US support for Israel in its war on Hamas, Washington and Ankara recently struck a long-awaited deal by agreeing Turkey to buy US F-16 fighter jets.
During the visit, the Biden administration will look to see if Ankara can commit to a ban on “dual-use” goods, such as chemicals and fine chips, to Russia, the U.S. official said.
Washington is already imposing sanctions on a number of individuals and businesses in Turkey, including the shipping sector, for violating sanctions. Turkey supports Ukraine but opposes Western sanctions on Russia, with which it also has good relations. Despite a good relationship with Moscow, Ankara says sanctions on Turkish soil will not be circumvented.
The second Turkish source, a security official, said the head of Turkey’s intelligence service, Ibrahim Kalin, will meet with members of the US House of Representatives, on Friday, to discuss Erdogan’s planned visit and other bilateral issues.
Welcome everybody to the big call tonight – it is Thursday, March 28th and you're listening to the big call. Thanks for tuning in again, everybody around the globe - wherever you're tuned in from and listening to us. We appreciate that. We appreciate everything that everyone is doing, to keep this call going and Sue wanted me to let you know that I'm a little under the weather have been for, I guess, three weeks or so. And it's due to side effects from a certain drug that I'm trying out and it isn't really working out - so hang in there with me tonight. I'm a little low energy, but I'll do my best. We're gonna try to shorten the call a little bit. And then I'll get you the information you need in the Intel segment. so that's all teed up, ready to go. So thanks everybody for bearing with us tonight.
Thank you, Bob. appreciate that so much. Let's get into the intel. This is short and sweet. We got a lot of information this afternoon to tell us where we are. And that's what we all want to know. First of all, all sanctions with a one of our US banks were dropped by Iraq. We dropped sanctions. On Iraq I think about three or four days ago, those were dropped. Everything's clear from that point of view.
Iraq has a new rate on their CBI rate, and it's very good and they should be bringing out the international rate on the Iraqi Dinar on Sunday - Easter Sunday so that's a good thing to look forward to.
Remember we told you super whales had received their emails last Friday – they did get access – some of them had access to their funds already – the total number of regular bondholders - will not be complete until noon Easter Sunday - and we are getting that from our contact at Santander Bank and so that’s good
Remember, we are to go right on the heels, of the tier three bondholders - so nothing's going to happen for us this weekend.
We know redemption center staff is starting to go in on Monday to take appointments for us. And on Tuesday, bigger staff is going in and we expect that to be our day to start exchanges. So we're looking to get notified Monday, set appointments. Monday and start on Tuesday with our exchanges
So they have pushed us all the way to April 1st and 2nd . That appears to be where we are - start of the new quarter past Easter. So resurrection day will be a day we can celebrate that and not get involved with anything else other than Resurrection Day this weekend. So that's what we're looking at right now is no change.- In what well we did think we were gonna get this before Easter.
We were told they were gonna do it. Get it done, but we have to wait the regular tier three bond holders to complete and we're told they're gonna complete by around noon on Easter Sunday. So we're just looking forward to getting notified Monday - and starting on Tuesday. That's it.
That appears to be where we are right now. And we'll have new rates out that Iraq is going to put out their international rate on their dinar on Sunday on Easter Sunday.
Oh here's another thing. The Rodriguez Trust the one that has a depth that it seems like it's unlimited depth that is being released Easter Sunday - along with the St. Germain trust. St Germain is going to fund GESARA that global effort - and the Rodriguez trust is going to fund North and South America.
Okay, that's what that's gonna do - and both of those are being released on Sunday. So there'll be plenty of money - Money coming out from that, that we will take advantage of - and we'll be able to receive as part of our exchanges - so I think that is what everybody wanted to know.
Rates are going to be great. Don't worry about that. Just for those of you who are dinar holders, Iraqi dinar, we're supposed to be given the contract rate on dinar which is tied to price of oil per barrel.
Now, they didn't say whether it's North Sea Brent crude, or whether it's West Texas Intermediate crude, but either one is going to be a winner. So if you want to track that to see what that rates going to be, go ahead I believe it is tied to North Sea Brent crude.
At least the last time we checked on it, that's what it was supposed to be tied to and that's what the the Iraqi dinar for the contract rate for only those who go to the redemption centers would be able to get and they're supposed to offer it to us. That's good. We don't have to ask for it - they should offer it. That's kinda neat .
Let's see better. Other than that. Things are moving along very well for us. Iraq - the stage is clear. We're all set to get that thing moving. Now - finally, it seems like everything is in place
We don't expect any more false flags. And I think we're all set to start. also R & R is supposed to kick in the first week of April.
Let's hope that comes in an increase in Social Security is supposed to start in April. So those are two really good things we are looking for - of course, as well as of course, the 800 numbers coming for us on April 1 - So let's see what that looks like.
Let's set appointments and let's start exchanges on the 1st so we can go in the redemption centers starting the 2nd .
The public has obviously been moved back at least to the probably 8th or 9th of April. People that don't use the toll free number and aren’t aware of the big call for some reason. I don't know how that can happen, but that's what it is. And so called public will start about the week after we start our exchanges. All right.
I want everybody to have a wonderful Easter weekend - resurrection day - Sunday, have a wonderful time celebrating. And this is a big time for us, and we look forward everything. going right afterwards. Literally the day after when we get our numbers - so stay tuned for that. I'm excited about this thing moving forward and going in that direction.
Anyway guys, my I'm really not quite there as you guys can tell the last few weeks. not quite all there.. All right, that's it for tonight, I'm gonna pray us out -