Quick Update

Erdogan admits losing local elections to opposition, 2 APRIL

Erdogan admits losing local elections to opposition

2024-03-31 at 17:15Font

Shafaq News / The Turkish opposition announced on Sunday a “big victory” in municipal elections across the country, preserving Istanbul and Ankara, at the expense of the ruling Justice and Development Party led by President Recep Tayyip Erdogan.

“The local elections are not the end for us, but it is a turning point,” Erdogan said in a speech, “we will hold ourselves accountable after the results of the local elections, and we will study the messages issued by the people,” referring to “the end of the elections that drained the economy.”

Turkey’s state-run Anadolu news agency published official results on Sunday after sorting some ballot boxes, showing the progress of the opposition Republican People’s Party in major cities such as Izmir, Bursa, Antalya and Adana.

Istanbul Mayor Ekrem Imamoglu, who belongs to the Republican People’s Party, has announced that he has retained his position since 2019.

“His party ranked first in Istanbul by more than a million votes,” Imamoglu told the press, Sunday evening, continuing: “We won the election.”

In Ankara, the mayor, who also belongs to the Republican People’s Party, Mansour Yavash, announced that he would retain his position while the counting of votes was still ongoing.

Besides Izmir, the country’s third city and the stronghold of the Republican People’s Party, and Antalya where opposition supporters began celebrating victory on the streets, the results suggest the CHP is on track for a victory in Anatolia.

The party leads the results of the partial counting in regional capitals long held by the AKP.

In contrast, the ruling Justice and Development Party (AKP) candidates are advancing in several in the cities of Greater Anatolia (Konya, Kayseriya, Land of Rum) and the Black Sea (Riza, Trabzon), while pro-Kurdish HDP candidates are expected to win in major Kurdish-majority southeastern cities, most notably Diyarbakir.

Uzgor Ozil, head of the Republican People’s Party, Turkey’s largest opposition formation, also said that “voters chose to change Turkey’s face” after 22 years of dominance of the ruling Justice and Development Party, adding that voters “wanted to open the door to a new political climate in our country.”

https://www.shafaq.com/ar/سیاسة/ردوغان-يقر-بخسارة-الانتخابات-المحلية-لصالح-المعارضة

"RV UPDATE" BY FRANK26, 2 APRIL

 Frank26 

 Article: "Al-Shammari reveals the most prominent files of Sudanese’s visit to Washington and the government’s ambition regarding the dollar"   THE FINANCIAL FILES WILL REPLACE THE PROGRAM RATE  Quote:  "The government is planning to reduce the dollar to the official rate."  This is certain, but it takes time.

  The next thing I want to see [After the restrictions are lifted on the one main Iraqi bank] is the budget being amended and released because then after that it's a domino effect.  Everything else will follow it...

The CBI announcement - We believe it's about the currency.  We believe it's about the auctions.  We believe it's about a change in the auctions, a metamorphosis of the auctions which is exactly what the US Treasury wanted in order to have security and stability in the bank, which was exactly what was needed in order to bring forth a new exchange rate for their currency.  

Iraqi Dinar🔥 Evening Exchange Rates Of Iraqi Dinar Vs USD Today 2024🔥ira...

Central Bank: Cash credit ratio rose to 52% during 2023, 2 APRIL

Central Bank: Cash credit ratio rose to 52% during 2023

The Central Bank announced, on Monday, the percentage of cash credit to the total deposits for the Iraqi banking sector, which amounted to (52%) during 2023, confirming its increase compared to 2022, which was recorded (47%), while in 2021 it was about (55%).

“Despite the record of the rise, it did not exceed the standard percentage set by this bank, which is (75%),” the bank’s media said in a statement received by {Euphrat News}.

He pointed out that “that percentage aims to maintain sufficient liquidity for banks to face customer withdrawals and conduct financial banking activities.”

https://alforatnews.iq/news/البنك-المركزي-نسبة-الائتمان-النقدي-ارتفعت-الى-52-خلال-عام-2023

"RV UPDATE" BY TEXAS SNAKE, 2 APRIL

 Texas Snake  

 ...what my banker has just shared with me:   “THE LATEST MESSAGE TO ALL REGIONAL CURRENCY EXCHANGE MANAGERS IS TO ADVISE YOUR SPECIALISTS TO BE AVAILABLE FOR DUTY IN THE WEEK FOLLOWING THE EASTER WEEKEND AS OUR

INFORMATION IS ALL REQUIREMENTS HAVE BEEN SATISFIED GLOBALLY AND THE ANNOUNCEMENTS WILL OCCUR IN THE FORTHCOMING WEEK...PLEASE RECOGNIZE WE HAVE HAD SUCH NOTIFICATIONS BEFORE SO HOPEFULLY FURTHER DELAYS WILL BE UNDERSTOOD.”

I attempted to include the following on the call underway however I was not acknowledged so will post here. 

The council and Gov't of Iraq have advised all retailers in country are free to revise their product prices upward to reflect the change in Dinar valuation taking place today in country.  Confirmed by two independent sources.

Wed. 27 March Texas Snake:

  Since there has been so little actual RV information being released over the past couple of days I thought it might be a relief over this coming Easter celebration to share what my banker has just shared with me.

 
 His text is in all caps. “THE LATEST MESSAGE TO ALL REGIONAL CURRENCY EXCHANGE MANAGERS IS TO ADVISE YOUR SPECIALISTS TO BE AVAILABLE FOR DUTY IN THE WEEK FOLLOWING THE EASTER WEEKEND   AS OUR INFORMATION IS ALL REQUIREMENTS HAVE BEEN SATISFIED GLOBALLY AND THE ANNOUNCEMENTS WILL OCCUR IN THE FORTHCOMING WEEK.
  WE WILL PROVIDE CONTINOUS INFORMATION AS IT BECOMES AVAILABLE OVER THE WEEKEND.  PLEASE RECOGNIZE WE HAVE HAD SUCH NOTIFICATIONS BEFORE SO HOPEFULLY FURTHER DELAYS WILL BE UNDERSTOOD.”

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-texas-snake-28-march.html

Iraqi Dinar update for 04/01/24 - No tricks BY PIMPY