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The Iraqi Central Bank warns of fake pages luring citizens with dollar purchases, 18 APRIL

The Iraqi Central Bank warns of fake pages luring citizens with dollar purchases

Shafaq News/ The Central Bank of Iraq warned, on Wednesday, of fake pages on social media sites with the names of companies licensed by the bank luring citizens with fake dollar purchases.

The bank confirmed in a statement received  by Shafaq News Agency, that “the fake pages on social networking sites carry the names of licensed exchange companies that promote through social networking sites the sale of dollars at the official rate, where the citizen enters the link for the fake companies for the purpose of booking an appointment for travelers to receive the dollar, indicating that the pages The fake one gives the victim instructions and directions to deposit the dinar.”

The statement quoted the Directorate of Supervision of Non-Banking Financial Institutions as saying, “Obtaining this type of service is done through electronic reservation on the company’s official website (if available) and that the deposit process takes place exclusively at the company’s headquarters.”

The Directorate alerted the public wishing to buy the dollar at the official price of the necessity of verifying and verifying the work of these licensed companies through the official Iraqi central website, stressing that it has taken legal measures against the owners of the fake pages for these companies.

shafaq.com

"RV UPDATE" BY PIMPY, 18 APRIL

 Pimpy 

 There's more than just paying attention to what's going on in Iraq.  When your own country is trying to provoke World War III it makes it a little hard to focus on whether or not the Iraqi dinar is going to revalue...

You've got Iran bombing Israel.  We're just waiting for Israel to retaliate.  That's just going to provoke things even further along.

  [In a LOP]  The only thing that changes is the bank notes themselves...You're not changing the value of the currency.  A 25,000 dinar is going to have value as a 25 dinar.  They're just going to lop the zeros off.  Debt is still going to be the same, your paycheck is still going to be the same.  The only difference is when you go to cash your check, the dollars [dinars?] they give you back are going to look different if they lop off the zeros.

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Sudanese for members of Congress: Reasons the coalition was built on 10 years ago no longer exists, 18 APRIL

Sudanese for members of Congress: Reasons the coalition was built on 10 years ago no longer exists

The Prime Minister, Mr. Mohammed Shiaa Al-Sudani, received at his residence in the US capital, Washington, on Tuesday evening (Baghdad time), and at a working lunch, a number of members of the American House of Representatives from the two parties; the Republican and the Democrat, and in the presence of a number of members of the Iraqi Council of Representatives within the delegation accompanying his Excellency on his official visit.

His Mredenty talked about the objectives of the visit, stressing the importance of moving the relationship between Iraq and the United States to the level of comprehensive bilateral relations in various fields of exchange and development, indicating that the reasons on which the international coalition was built to fight ISIS ten years ago no longer exist, and that the capabilities of the Iraqi security forces have evolved to defeat the terrorist threat of ISIS.

Mr. Al-Sudan explained that Iraq is committed to the outputs of the ongoing dialogue within the Supreme Military Committee between the two countries, while continuing to partner with the international community to confront terrorism, stressing that the Iraqi people are one of the most peoples in the world that bravely faced the evils of terrorism and its gangs.

His Mintrence pointed to the form of the sustainable relationship that Iraq seeks with the United States, as it depends on the size of convergence and common understanding between the Iraqi and American peoples, beyond the borders of governments and administrations, and in light of the unique position that Iraq has in the region through diversity in components and spectrums, and the democratic constitutional order that includes the peaceful transfer of power, in a way that enhances the unity of the country and respect for all freedoms.

Mr. Al-Sudan indicated that one of the strength factors for Iraq, today, is the association with historical and social relations and joints with neighboring countries, including Iran, and at the same time, having an important strategic relationship with the United States, as well as possessing resources and an important location that enables the establishment of a vital economic position for the interests of the peoples of the region, development opportunities and strategic projects that enhance security, stability and prosperity.

For their part, the members of the US House of Representatives welcomed his visit, stressing the aspiration to build a constructive and sustainable partnership that enhances friendship between the Iraqi and American peoples, reiterating their support for everything that consolidates the development in Iraq, the stability of the region and peace efforts.

https://alforatnews.iq/news/السوداني-لأعضاء-في-الكونغرس-%C2%A0الأسباب-التي-بُني-عليها-التحالف-قبل-10-سنوات-لم-تعد-موجودة

"RV UPDATE" BY FNU LNU, 18 APRIL

 Fnu Lnu  

The United States will NOT... repeat WILL NOT....be leaving Iraq now or in the future. The power vacuum WILL be filled by Iran and only a fool would want the US to leave IRAQ!

Iraq is worth far more than 16 trillion dollars and there is far less than 80 trillion in circulation...To espouse such inciting commentary [against this]...negates everything Dr. Shabibi has stated and everything the CBI and GOI have stated. The Dinar was worth $3.22 pre-sanctions and at that time all they had was oil at $32 dollars a barrel...

Fnu Lnu 

   Article quote: "Al-Kadhimi indicated that increasing the budget’s overall amount, from 199 trillion Iraqi dinars (nearly $152 billion) to 228 trillion Iraqi dinars (approximately $174.04 billion), resulted in a rise in the deficit, revealing that the budget is still being discussed in the Council of Ministers and would likely be presented to the Iraqi Parliament next month."   It would logically follow that a revaluation would be likely before next month's USA confab.

 [Response to Pimpy's HCL non-revenue sharing post from 3-31-2024 below]  

The notion of revenue-sharing is nothing new in the Middle East.  Bruni and Kuwait both do it...Revenue Watch Middle East Director Yahia Said recently returned from several months in Iraq working on the International Compact with the UN...This USIPeace Briefing summarizes the discussion.   Many Iraqi citizens look to the law for what it can contribute to reconciliation, security, and welfare. The three parts of the agreement will deal with the issues of 1) revenue sharing; 2) restructuring of the ministry of oil; and 3) establishing the Iraqi National Oil Company (INOC). 

  It is quite clear that the HCL has intentions to codify the issue of welfare (not for government) and the number 1 issue is REVENUE SHARING.  To be more specific; Section 1314 of the FY2007 Supplemental Appropriations Act [P.L.110-28] specifically identified the enactment and implementation of legislation  “to ensure the equitabledistribution of hydrocarbon resources of the people of Iraq without regard to the sect or ethnicity of recipients” and “to ensure that the energy resources of Iraq benefit Sunni Arabs, Shia Arabs, Kurds, and other Iraqi citizens in an equitable manner” as benchmarks . 

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-fnu-lnu-2-april.html

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