"ABOUT THE IRAQ PARALLEL MARKET" BY REINALDO JC, 27 MAY

 REINALDO JC

The Iraq Parallel (black) Market & The Govt Official Price Are Currently Align, Equal To Each Other Today!!! (they are further along with what’s happening inside of Iraq than what the news journal articles are reporting)-imo *Dinar Rate Change is INEVITABLE

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🇮🇶Iraq Scripted Show🇮🇶 

Iraq Council of Ministers Did Approved/Amend The 2024 Federal Budget During The “extraordinary session” & Will Send It To Parliament “Within a Week”.  

However Parliament Might Need An Extra “2-4 Weeks” To Approve It.👇🏾

Remember Sudani Gov’t Is Buying Time As (HOR)Parliament CANNOT Approve A Damn Thing From The 2024 Budget Without The DINAR RATE CHANGED To Give Actual Figures To The House Of Representative(HOR) For Approval. 

💥💥As Ariel 

@Prolotario1

 Mentioned To Me ~ It's The Parallel Market That Is The FOCUS & Once It Reaches The Official Price Then We Will See The Moves Necessary For Everything Else To Fall in Place. ⬇️

(i wonder if the the now deceased Iranian President Raisi had his hands in or anything to do with the parallel/black market)🫣

*ONLY A SELECT FEW KNOWS THE EXACT DATE & TIME OF THE IRAQ DINAR REINSTATEMENT!!! THE DATE IS SET imo-  #weareclose

🗣️…LFG🔥🔥🔥

9:14 AM · May 20, 2024                                                                                       https://x.com/smoothrey/status/1792544353904128404?s=46&t=CS6-i2hF8lyfSpP5nwHWvw

https://dinarevaluation.blogspot.com/2024/05/iraq-scripted-show-by-reinaldo-jc-20-may.html

US Banks Received Memos?🚩IQD Rates $3.81 - $3.91?🤔Iraq Dinar RV Updates ...

Specialists: Iraq Is Committed To Applying Anti-Money Laundering Standards, 27 MAY

Specialists: Iraq Is Committed To Applying Anti-Money Laundering Standards

Posted On05-26-2024 By Sotaliraq  05/26/2024  Economic circles specialized in financial affairs welcomed what was stated in the mutual evaluation report of the Republic of Iraq, regarding Iraq’s role in combating money laundering and the financing of terrorism, and that strengthening the financial performance in Iraq represents an important step in harmony with the government’s directions aimed at attracting major investments. To the country, which requires a developed and ideal financial sector that ensures money flows in the right direction.

In its general meeting held in the Kingdom of Bahrain, the Middle East and North Africa Financial Action Task Force (MENAFATF) adopted the mutual assessment report for the Republic of Iraq, which reflects its great commitment to applying international standards to combat money laundering and terrorist financing.

The report reflects the solid system in Iraq to combat money laundering and terrorist financing. Terrorism, and the important efforts undertaken by the state to combat these crimes in accordance with international standards in this regard.

Executive Director of the Iraqi Banks Association, Ali Tariq, said: This evaluation did not come out of nowhere, but was preceded by great work and concerted efforts to adopt global performance standards that continued for years, and the Central Bank had the most important role in this matter, by working to invest risks and laying solid foundations. To combat money laundering and terrorist financing.

Tariq added that regulating the financial sector in Iraq represents the goal of everyone, in order to create a banking system capable of providing services that rise to global standards, and reflect a positive image of Iraq’s financial reality in front of the major international banks, pointing out that Iraq is in dire need of developing its performance, as we have A large, broad and growing business, and this requires the presence of a highly organized financial sector.

He pointed out that training human resources and involving them in specialized courses in the field of money laundering and combating terrorism has created Iraqi expertise that has weight within the banking system, and today it is comparable to international expertise in this important detail.

He pointed out that Iraq's presence within the international financial system represents an inevitable necessity and a goal that has begun to be achieved gradually, and with the development of our financial performance, which has become the goal of many banks, as they have included in their development plans the adoption of the best financial work systems that safeguard the performance of our banking system.

The Governor of the Central Bank, Ali Al-Alaq, said in a press statement regarding the Middle East and North Africa Financial Action Task Force (MENAFATF), that the report focuses on understanding the risks of money laundering and terrorist financing, and the effectiveness of implementing measures to combat these crimes, including international cooperation, confiscation of criminal proceeds, and procedures for combating these crimes. Investigation and prosecution.

 On this occasion, he thanked Mr. Prime Minister Muhammad Shiaa Al-Sudani and Mr. President of the Judicial Council for the support they provided for the evaluation process, as well as to the members of the Anti-Money Laundering and Combating the Financing of Terrorism Council, the Anti-Money Laundering and Combating the Financing of Terrorism Office, and all judicial and governmental bodies and Central Bank formations that contributed and worked.

Over the past two years, we have provided evaluation requirements in a way that reflects the real reality of effective judicial and government procedures in developing the system to combat money laundering and terrorist financing.

Financial affairs specialist Raghad Nabil Al-Alusi said: The adoption of international standards has begun to reflect a positive image of the local financial sector, which has begun to adopt advanced systems in its daily performance and in providing services to customers, pointing out that when the evaluation comes internationally, this is an indication that Iraq is on the right path. The right thing to do is to strengthen its financial sector and move to a new stage that is compatible with global trends.

She stated that the global effort that wants to enter the Iraqi market is interested in such reports that change the view of international companies about Iraq and its financial sector, and such reports represent the presence of serious Iraqi work to develop the financial sector, and we see the presence of a great effort being made by the Central Bank under the guidance of Prime Minister Muhammad Shia Al-Sudani to improve the performance of the Iraqi financial sector.  LINK

"RV UPDATE" BY WOLVERINE, 27 MAY

WOLVERINE

Sun. 26 May 2024 Wolverine Live Chat: “It is Monday morning 27 May 2024. I hope you are doing alright. As I said before T1 and T2 are already finished, from what I was told. I do not know anyone in those groups. It is a process which should be finished by June 15th. We should get good news this week. 

I have had confirmation that Brazil will start this week from the Central Bank of Brazil. I am hoping that by tomorrow, being Monday, that the confirmation comes to reality, and if that is true then, Reno is not that far away. There are people saying it all starts  this week.

 We are that close to get this done. All is quiet, and I try to find info for you, and it has not been easy. I do want to say, it really upsets me, that most of the gurus are out there to make money. There are good ones trying to help people get bonds and currencies so they will have great opportunities. One must be careful from where you obtain your currencies and bonds to keep safe from unscrupulous people. Be careful scammers. That is all I have for you. Let’s see what the week brings. Take care everyone. Wolverine 

Fri. 24 May Wolverine

 “From my Brazilian contact: We are waiting for an official order to release funds and payment order. This will happen at any time, please wait…as of today we have nothing official. Things are moving guys. The greatest transfer of wealth has started T1 and T2 have been completed and a very positive Mark Z message today! He’s saying he’s hearing Individual Bond Holders expecting to receive big Payments now! First time I’ve heard him talking about Individuals rather than Groups/ Platforms.”

Thurs. 23 May 2024 Wolverine Here’s a helpful update

 My friend has given me permission to share information with you. Remember, she has a relative who is an MP from a Middle Eastern county and he sits on a committee that oversees the timing of the event.

FRANK26….5-26-24….DID YOU MISS ME?!

"WATCH THESE TRILLIONS BECOME BILLIONS" BY FRANK26, 28 MAY

 KTFA

FRANK26: "WATCH THESE TRILLIONS BECOME BILLIONS"......F26

Ministry of Planning: More than 41 trillion dinars is the amount of money available to the governorates in 2024

 

  5/25/2024

 Today, Saturday, the Ministry of Planning revealed the total financial allocations and amounts available to the governorates during the current year 2024.

 

The Ministry explained, in a statement, a copy of which was received by {Al-Furat News}, that: “The allocations of the Regional Development Program and the undisbursed amounts, of which the amount of the remaining funds for the year 2023, registered as deposits with the Ministry of Finance, amounted to (6,947,433) trillion dinars, in addition to the remainder of Food security restricted deposits in the governorates (5,824,403) trillion dinars, totaling (15,875) trillion dinars, and this amount is added to the size of the investment allocations to the governorates within the 2024 budget submitted to the House of Representatives, amounting to (3,103,158), noting that these allocations include a development program Territories, petrodollars, anti-poverty, and loans.

She added, "In addition, what was allocated to the projects of the federal ministries that are implemented in the governorates, excluding the region, amounted to (38,421) trillion dinars, and thus the total amounts available to the governorates reach (41,524) trillion dinars."

The Ministry stressed that, “Based on the above, the comparison that appeared in the media, between the regional development allocations for the governorates, and the total investment spending for the Kurdistan region, is an incorrect comparison. Rather, the comparison should have been made between the total investment spending for the governorates coming from investment spending.” for the ministries, which amounts to (41,524) trillion dinars), and what has been allocated in the total investment spending for the region, which amounts to (4,875) trillion dinars,” stressing “the government’s commitment to the percentage allocated to the region, in all sections of spending.”

She pointed out, “Based on the Tripartite Budget Law (2023-2025) and the Financial Management Law of 2019, unspent amounts are recorded as deposits with the governorates or the Ministry of Finance, and local governments can spend them on projects in accordance with the mechanisms approved in this aspect, and these amounts are added to the allocations.” The financial allocations allocated to the governorates within the 2024 budget,” noting that “there are other amounts that will be allocated to the governorates, coming from the revenues of the border crossings, as most of the governorates enjoy this advantage, with the presence of land, air, or sea ports in them, as well as the financial allocations allocated to the funds in their various specializations, which are Funds for the reconstruction of Dhi Qar and Sinjar, the affected areas, and support for the poorest areas, amounting to about (2) trillion dinars.”

The Ministry added, “The indicators proven during previous years indicate that the highest percentage of spending for the governorates did not exceed more than (4.2) trillion dinars, during the year 2022, as the spending was made according to the actual work peaks with no budget approved in that year, and therefore the presence of... Of this large cash mass, available to the governorates, the spending units will not be able to spend more than 30% of it at best, according to the executive capabilities of the governorates.”

She stated, “The directives of Prime Minister Muhammad Shiaa Al-Sudani were always supportive of the efforts of local governments, enabling them to fulfill their financial obligations, complete their basic projects, and include new projects, noting that the House of Representatives transferred (4.7) trillion dinars in the budget.” Last year, 2023, from the Ministries of Electricity and Oil, to the governorate budgets in Table (E) as additional amounts to what the government allocated at the time, which was (5.2) trillion dinars, which forced the government and Parliament to borrow and set texts to add allocations to cover the transferred amounts, which increased the deficit resulting from this procedure".

The ministers confirmed that “the apparent differences in the allocations to the Kurdistan region include the sovereign investment budget, including licensing rounds for the Kurdistan region, amounting to (2.7) trillion dinars, which will not be spent to stop the export of oil from the region, according to the decision of the Federal Court, and that disbursement to the Kurdistan region is conditional on the export of oil by ( SOMO) and hand over the region’s oil imports to the Ministry of Finance.”

LINK

Expert: The national lending strategy will contribute to reducing unemployment rates, 27 MAY

Expert: The national lending strategy will contribute to reducing unemployment rates

Today, Sunday, monetary master Bassem Antoun considered the National Bank’s drive to send off the public loaning procedure 2024 to 2029 a positive step, summoning for keeping the drive from complexities and schedule, similar to the case in the past experience.

Antoun told , “The section of new capital straightforwardly to fund huge undertakings for graduates, away from mediators, will set out new open doors for speculation and decrease joblessness at high rates, as well as animating the financial development in the country.”

He added, “The National Bank’s step is positive, yet it is important to confirm the venture’s true capacity, reality, and monetary achievability prior to conceding the credit to the financial backer,” while summoning for keeping the drive from complexities and schedule, just like the case in the past experience.

Recently, Saturday, the Legislative head of the National Bank, Ali Mohsen Al-Alaq, sent off the public procedure for bank loaning in Iraq 2024-2029, within the sight of various authorities and delegates of strategic missions and associations in Iraq, in participation with the German Organization for Global Collaboration (GIZ).