An Economic Planner Is Trying To Normalize Iraq... And Jordanian Banks Are Taking Care Of IT, 2 MAY

 An Economic Planner Is Trying To Normalize Iraq... And Jordanian Banks Are Taking Care Of It

  May 1 Information/Report..   Despite the sanctions affecting more than thirty Iraqi banks, the government did not work hard to lift the sanctions against them and is trying to replace them with Jordanian banks that arouse suspicion and suspicion because of their owners.

 Four Jordanian banks were pushed by America into Iraq in an attempt to control the Iraqi economy from Another chapter on the government's unconsciousness and duplicity regarding the Central Bank of Iraq's dealings with granting licenses to foreign banks on the one hand and punishing local banks on the other hand.

Experts' concerns indicate

   complete control over banking and the benefit of the Jordanian economy at the expense of Iraq, and

   American hegemony over the Iraqi economy may appear in a new form.

 *An American game. 

 Speaking more about this file, the representative of the Al-Fatah Alliance, Muhammad Al-Baldawi, revealed the existence of an American game to change the facade of banking in Iraq by pushing Jordanian banks into the arena. 

Al-Baldawi says,   “America is trying to change its approach to controlling the Iraqi economy by imposing sanctions on Iraqi banks and introducing Jordanian banks, which is planned,” noting that

 “attention must be paid to the suspicious role that America is playing in trying to control the Iraqi banking sector and hold it hostage.” With external banks.  He adds,

 “This game goes towards matching the visions of the Jordanian and American authorities,” noting that

 one of the banks is owned by a person of Zionist origins. Lifting sanctions on Iraqi banks by the American side.”

 An economic planner is trying to normalize Iraq... and Jordanian banks are taking care of it Clip_image002 https://media.almaalomah.me/archive/image/2024/5/1/4c6de8cd-feef-44ab-b616-796fa3f04139.jpg?preset=w75

 Central Bank Duplication*

 In addition, economic expert Ahmed Abd Rabbo confirmed that the Central Bank of Iraq works duplicatively in granting licenses to foreign banks and imposing sanctions on Iraqi banks.

 Abd Rabbo said in a statement to the “Al-Ma’louma” agency,

 “The work of the Central Bank of Iraq carries a great deal of duality between local and foreign banks, especially Jordanian ones,” noting that

 the Central Bank granted licenses to four Jordanian banks: Housing, Jordan, Al-Ittihad, and Al-Arabi.”  He continues,

 "Granting licenses to these banks means losing control over the banking business in Iraq," stressing that

 "Jordanian banks swallow up Iraqi banks while local banks face American sanctions."  Abd Rabbo continues his speech:

 “The management of the Central Bank has not succeeded in dealing with this important file, and it may pose a threat to the Iraqi economy,” pointing out,

“We have repeatedly called for changing the governor of the Central Bank of Iraq, but to no avail.”

 Specialists believe that the economic file cannot be handed over in this way, as

 it is a sovereign matter that affects the security and economy of the state, with the invasion and penetration of these banks into the economy in a large way that may make the Iraqi economy hostage to the Jordanian banks.

It is noteworthy that America imposed sanctions on 34 Iraqi banks in order to limit the Iraqi economy, and pushed the entry of Jordanian banks, which numbered four banks, into Iraq to fully control the Iraqi economy amid the negligence of the Iraqi government. Ended 25\c

 https://almaalomah.me/news/63233/economy/مخطط-اقتصادي-يحاول-تطبيع-العراق-والمصارف-الأردنية-تتكفل-بالأ   

JUDY NOTES, 2 MAY

 Global Currency Reset

• Wed. 1 May 2024 BREAKING: Zimbabwe’s New Gold-backed Currency (ZiG) Has Officially Entered General Circulation Today – American Media Group (amg-news.com)The fall of the Zim dollar, which plummeted over 70% in value against the U.S. dollar, paved the way for the birth of ZiG. Anchored by the intrinsic value of gold and supported by a backdrop of precious minerals, the ZiG debuted at an impressive 13.4 to the dollar on its first day of circulation. 
• Tues. 30 April Dawn Saddleup on Telegram: One banker in Texas with contacts n Iraq says in country IQD RATE is $3.91. It will float. On Wed. 1 May Turkey will start energy pipelines flowing to Iraq so they say Iraq can’t do that unless it changes the rate of Exchange. Things are moving. Pray God’s intervention in this. As so many are hurting and so many want to Give A lot!
• Tues. 30 April Wolverine Colombia: “As of this morning Tues 30 April at 10 amBonds Holders from Argentina, Brazil, Ecuador and Peru were going to Bogota, Colombia to get exchanged. We know that the process has started and certain people were being paid. 
• Tues. 30 April Bruce: The Global Financial System and Global Emergency Alert System have been connected globally. Nesara/Gesara should be announced around Thurs. or Fri. 2, 3 May. We should get our R&R allowances and increases in Social Security in May.

https://dinarchronicles.com/2024/05/02/restored-republic-via-a-gcr-update-as-of-may-2-2024/

Currency Rates & News IQD Gold BRICS VND HTG ARS BY SANDY INGRAM

New agreements between Iraq and Iran on facilitating trade, 2 MAY

 New agreements between Iraq and Iran on facilitating trade

Iranian media reported today, Wednesday (May 1, 2024), that Iraq and Iran have reached new agreements on facilitating trade movement between the two countries.

Mohammad Rezvani Far, Deputy Minister of Economy and Director General of Iranian Customs, and Hassan Hammoud Hassani, Advisor to the Ministry of Finance and Director General of Iraqi Customs, emphasized the facilitation of trade in addition to the new customs agreements between the two countries.

The Iranian official agency, according to what was translated by “Baghdad Today”, quoted Radwani as saying, “This meeting along the long borders and near 5 important provinces bordering Iran and Iraq, which requires doubling trade between Iran and Iraq, and developing relations, coordination and cooperation.”

Radwani added, "Regular border meetings between border customs directors in the two countries can contribute to the effectiveness of this cooperation," indicating that "Iranian Customs is fully prepared to exchange customs information with Iraqi Customs in order to facilitate and develop trade."

The Iranian official considered that "exchanging and coordinating procedures and policies and applying similar methods at various border points, in addition to matching working days and hours in customs offices in the two countries, is important and vital for trade exchange."

The Iranian Deputy Minister of Economy called for "expediting notification of changes in customs procedures and regulations in the two countries."

Radwanifar stated that “the cornerstone of customs policies to facilitate and develop trade lies in the World Customs Organization,” noting “the importance of this organization,” calling for “consensus and consultation among Islamic countries in promoting common goals and interests.”

For his part, the head of the Iraqi Customs Authority, Hassan Hamoud Hassani, described the Iranian side as “one of Iraq’s most important trading partners, and included developing trade relations between the two countries as one of his country’s priorities.”

He expressed his satisfaction with “the progress of customs cooperation between the two countries,” expressing his hope to “follow up on common issues with continued cooperation and exchange of views.”

The head of Iraqi customs promised to "continue coordination between his government and the Iraqi Kurdistan Regional Government in order to implement customs unity in these two regions."

Hassani also expressed his regret "about the phenomenon of fuel smuggling at the common border crossings between the two countries," adding that "Iraqi customs will cooperate with the Iranian side in resolving this problem."

It is noteworthy that during the meeting, it was agreed to sign an agreement on cooperation and mutual administrative assistance in customs affairs between the governments of the two countries, with the aim of facilitating the electronic exchange of customs information and providing facilities in performing customs procedures at the border level of the two countries, and agreeing to sign an agreement to facilitate the temporary entry of goods vehicles between Iran and Iraq. And the establishment of a designated parking lot outside the customs borders of the two countries in order to prevent the risks resulting from the stopping of trucks carrying fuel materials in the border area, as well as the establishment of representatives of the organizations that issue import licenses, including standards, health and quarantine units, and related organizations in the Iraqi border customs, among others. linK

"HOLD ONTO TO YOUR ZIM-NOTES PEOPLE" BY ARIEL, 2 MAY

 Wed. 1 May 2024, Ariel: Hold onto to your Zim-Notes people.

The Zimbabwe Bond Notes (You Hold) could not be paid out in any form prior to this announcement. A Bond is a Promissory Note issued by a government and can legally not be refused.
Look at the writing on the Zim-Notes you hold. What does it say? “I promise to pay bearer on demand”.  Do you understand the gravity of this statement? Do you understand how rich in natural resources Zimbabwe is?

The Royal Bank of Zimbabwe $835,000,082,302,000,000 (13 metric tons of in ground gold estimated to yield $14 billion per annum by RBZ going forward) is the richest in the world.
People, did you know I had a private contract back in 2016 exclusively for Zim-Notes only?  I have many of you this already last year.

 I even uploaded the process in a condensed format to give people an idea of how it was supposed to go. But that was 10+ years ago. Some of my followers remember that. Because a couple of them were also a part of it.

The amount of un-mined Gold in Zimbabwe is astonishing. There is more than enough to back all the millions of printed 2008-2009 Bonds alone. Not even mentioning the other minerals.
People Zimbabwe no longer just had gold backed digital coins. The paper is also being supported by the new gold standard. 

You now hold very valuable bonds in your possession. Do you know how far ahead you are of those who are oblivious to this?

The government said that Holders of physical gold coins, at their discretion, will be able to exchange or convert, through the banking system… into gold-backed digital tokens,” the Reserve Bank of Zimbabwe said in a statement inviting individual and corporate entities to use the digital currency that can be bought either in Zimbabwean dollars or foreign currency.
Zimbabwe is now in a process to get all the 2008 to 2009 Zim Promissory Notes (Bond) off the streets. This should be done very soon. Remember Iraq is doing the same thing. Everything they are doing in their local economies is to ensure maximums value for their new precious metal based economy.

Be careful of false news and an important msg you'll want to see 05/01/24 BY PIMPY

His financial advisor: The dollar exchange rate in the parallel market is gradually approaching the official one, 2 MAY

 His financial advisor: The dollar exchange rate in the parallel market is gradually approaching the official one

Today, Thursday, Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Saleh, explained the dangers of the exchange rate fluctuations in the event that demands for floating the dinar are met, while confirming that the dollar exchange rate in the parallel market is gradually approaching the official one.

Saleh said to the official agency, followed by Mawazine News, that “calls for floating the dinar to end the gap between the official exchange rate and the parallel market may be possible in an economy in which the free market alone influences the movement of the balance of payments, and not in an economy in which the rentier government sector is dominant and generates currency reserves.”

Foreign currency, as the monetary authority alone is the main source of supply of foreign currency that meets the desired demand for foreign exchange in the money market, to provide stability in this market and achieve a desired and homogeneous exchange rate through the interventionist role played by monetary policy.

He added, "Claims for flotation mean in all cases adopting the prevailing exchange rate in the parallel market to achieve the goal of stability and balance in the official exchange rate itself at a new point reached by the market at the end of the supposed flotation policy and returning to stability again.

Also, the flotation scenario means in all cases the withdrawal of the authority." Cash from being an essential central supply of foreign currency, to be replaced by new forces supplying foreign currency from free market makers, which only have a weak, limited supply of foreign exchange, and at the same time they carry an uncontrolled package of inflationary expectations and are called in economic literature the forces generating expectations. "inflationary".

He continued, "The hypothetical new supply forces for foreign exchange adopted by the exchange market in that scenario will mean the dominance of supply forces from speculators with very limited quantities of foreign exchange available for supply in the parallel market, matched by an open demand for foreign currency on the part of the market that undoubtedly exceeds that limited parallel supply." of foreign exchange, perhaps by more than 10 times at least in our estimation, and such a policy of floating to achieve a homogeneous equilibrium exchange rate would be an open and perhaps unruly situation, as long as the central government supply of foreign currency would be absent from the market, and we would not then obtain any equilibrium point in the exchange rate.

 An exchange rate that is sought to float except with a widespread deterioration of the exchange rate as long as it is controlled by forces that generate inflationary expectations, as we noted in a highly unilateral rentier economy, and it is an exchange rate whose mechanisms will move in a market that is incomplete in terms of production in its compensation for the required supply of goods and services.

Saleh warned, “T hen no one knows how much the new exchange rate resulting from the flotation will be, which will undoubtedly be accompanied by a prior wave of inflationary expectations, which is a dangerous wave whose directions are difficult to control, which may force monetary policy according to this floating scenario by intervening with foreign reserves.” It is an unjustified extravagance in foreign exchange to impose a state of stability in the general level of prices again just to adopt it when exchange rates reach low rates, and no one knows how much they will reach.”

He pointed out that "the difference in the two prices currently, in which the parallel market is gradually approaching the official market, did not come about due to the short supply of foreign exchange at the Monetary Authority, but rather came about due to a sudden external factor imposed by the compliance platform and administrative audit restrictions on external transfer movements, which is a matter related to the deficit in the authority's reserves."

Cash is about bringing the two prices closer in light of a very high level of foreign reserves. The commercial efficiency of those reserves is the highest in Iraq’s financial history, and they are covered in foreign currency that touches more than 16 months of imports compared to the global standard of three months of imports.  link