Sunday, April 28, 2024
Sudanese for Abu Gheit: The importance of activating the charters of joint Arab action, especially economic integration, 28 APRIL
Shafaq News / Prime Minister Mohammed Shia Al-Sudani, when receiving the Secretary-General of the League of Arab States, stressed the importance of activating the charters and agreements on joint Arab action, especially related to economic integration.
The Information Office of the Prime Minister said, in a statement received by Shafaq News, that “Prime Minister Mohammed Shia Al-Sudani, received this evening, the Secretary-General of the League of Arab States, Ahmed Aboul Gheit, who is currently visiting Iraq, to participate in the Arab Action Conference, which was launched in Baghdad today.”
He continued: “During the meeting, they discussed joint Arab action and the importance of activating its charters and agreements, especially those related to economic integration and other agreements that enhance the strength and status of the Arab system, in order to achieve the aspirations of Arab countries and peoples.”
The Prime Minister, according to the statement, renewed Iraq’s principled position on what is happening in the occupied Palestinian territories, stressing “the need for Arab efforts and positions to unite in order to end the suffering of the brotherly Palestinian people.”
"RV UPDATE" BY GOLDILOCKS, 28 APRIL
GOLDILOCKS
When gold and other commodities explode to the upside, currencies begin to collapse within themselves.
This is when credit valuations begin to be measured and implemented based on new price patterns developing on the market. It is a result of old calculations and correlations falling apart.
Here, we will see currency interventions take place after the the de dollarization process provides a bridge to the new digital gold standard economy.
© Goldilocks
https://youtu.be/3GSSx3T9xHY?si=ZIjSverTLxYnzJno
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Basel Committee on Banking Supervision Announcement:
"BCBS will also publish new proposed guidelines for banks in the coming week on counterparty credit risk management."
😔 More on this tomorrow...
© Goldilocks
https://capital.com/bcbs-definition#:~:text=The%20Basel%20Committee%20on%20Banking,cooperation%20on%20banking%20supervisory%20matters.
Association of Banks: Iraq is witnessing great development in the transition to electronic government, 28 APRIL
Association of Banks: Iraq is witnessing great development in the transition to electronic government
The Iraqi Private Banks Association confirmed today, Friday, that Iraq is witnessing great development in the transition to electronic government, and while it indicated that government support for the Iraqi dinar led to a gradual increase in its value, it revealed a trend to increase the number of electronic banks to keep pace with technological development and increase performance. .
The president of the association, Wadih Al-Handal, told the Iraqi News Agency (INA) that he “participated in the Arab Economic Security Forum organized by the Union of Arab Banks in Beirut,” pointing out that “the forum is being held in complex circumstances and geopolitical changes taking place in the region, and the banking sector has begun to be affected.” Arab, starting with the State of Iraq.
He added, "Iraq is still facing major challenges at various economic levels, including depriving the Iraqi private banking sector of using the dollar, which has exceeded half the number of banks operating inside the country, which is a very dangerous indicator, despite the efforts of Iraqi governmental and private institutions to comply with laws against money laundering and terrorist financing." Local and international, but for the first time we are witnessing a clear targeting of the sector, which has begun to affect banking services within the country, undermine citizen confidence, and hinder the expansion of financial inclusion.”
He pointed out that "these challenges facing the banking sector reaffirm the prominent role played by the Union of Arab Banks, international organizations and Arab banks in coordinating positions and confronting dangers together," noting that "our meeting represents an opportunity to cooperate and agree on an action roadmap for the future." “The targeting of the Iraqi banking sector will not stop within its borders, and may expand at any moment to other countries in light of the regional turmoil.”
He pointed out that "the Association of Private Banks is working with the Iraqi government, the Central Bank, and some local and international institutions, to save the banking sector and return banks deprived of dealing in dollars to their activities, but this is not enough. Rather, it requires continuing cooperation with the Arab and foreign banking sector, because the stage of merging the banking sector The Iraqi government and its Arab counterpart must begin quickly, and we are taking great steps in this direction, especially since Prime Minister Muhammad Shiaa al-Sudani held dialogues in Washington with the American president and other government officials, who announced in a joint statement the possibility of a group of Iraqi banks returning to dealing in dollars and supporting...
The private banking sector.Al-Handal praised "the efforts of the Iraqi government and the Central Bank of Iraq to create deeper understandings with international banks, the Federal Reserve, and the US Treasury to expand the integration of the Iraqi banking sector into the global financial system, in addition to supporting the Iraqi dinar, which led to a gradual rise in its value."
He continued, "Iraq is witnessing a great development in the transition to electronic government and the adoption of electronic payment, and this is what leads to the growth of the digital economy, especially since there is a trend within the country to increase the number of electronic banks, to keep pace with technological development and increase performance." link
"RV UPDATE BY TEXAS SNAKE, 28 APRIL
TEXAS SNAKE
- Fri. 26 April Texas Snake
- “A banker was advised to have his appointment/exchange personnel available on Sunday the 28th just in case they decide to activate the rate increase so appointments can be scheduled.”
I am as tired of sharing intel that doesn't materialize as you folks are of receiving it so all I will say is the banker was advised to have his appointment/exchange personnel available on Sunday the 28th just in case they decide to activate the rate increase so appointments can be scheduled.
Everything I am receiving is we are right there so just pray it in and prepare for what you will do in God's name .
- Mon. 22 April Texas Snake: “The Iraqi Prime Minister returned to his country this past Monday and turned over to the head of the CBI to announce the pending revaluation of his nations currency. The CBI provided the new rate to the IMF who in turn provided this rate to the FOREX which by policy has 72 hours from receipt to post for universal recognition for sometime Wed. 24 April.
Okie had some positive news earlier today, thought we would hear some indication of the new rate when the Premier returned to his country from his visit to the US, the banker is assisting his hospitalized wife in CA so very little news from him so I guess we wait for FOREX to open, but again sports fans we appear to be very close, so say your prayers tonight.
This may be a little longer post than usual as the powers that be do not wish to get anyone''s hopes up only to be disappointed when the RV does not come in. Well I spent 40 years in the investment banking and financial planning industry which allows for a slight advantage in researching certain areas of the acknowledged resources regarding money and securities. Those areas being the IMF, FOREX, WTO, etc, etc.
The Prime Minister returned to his country on this past Monday, he turned over to the head of the CBI to announce the pending revaluation of his nations currency. The CBI provided the new rate to the IMF who in turn provided this rate to the FOREX which by policy has 72 hours from receipt to post for universal recognition which will be sometime between now and Wednesday 4/24/2024 by 7:00 PM.
Since both the Gazette and the IMF rate schedules are published on Wednesday each week we can assume should there be a revaluation we should receive that news during this window. Don't get excited or make any serious decisions but please stay calm and watch the next few days as we seem to be this close. GOD Bless
Texas Snake, [04/22/2024, 10:25:30 p. m.]:
About 10 more minutes then I need to close
Will try to illistrate that tomorrow
Yes he uses a CBI Debit card to purchase items in Beeville and he discovered the exchange rate on a recent purchase equaled $3.90 US for his Dinar value up substantially from before the in country RV
Well folks will come back with anything new GOD Bless
https://dinarevaluation.blogspot.com/2024/04/rv-update-by-texas-snake-24-april.html
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...