"ONLY BECAUSE OF THE SUCCESS OF THE MONETARY REFORM!!!" BY FRANK26, 30 MAY

 KTFA

FRANK26: "ONLY BECAUSE OF THE SUCCESS OF THE MONETARY REFORM!!!".......F26

Expert: The Iraqi economy is witnessing remarkable growth, which was contributed to the decline in the dollar exchange rate

 

5/28/2024

Economist Jabbar Goran revealed on Tuesday the high rate of economic growth in the country and that the Iraqi financial system is linked to the global banking system.

The economic expert and spokesman for the currency market in Sulaymaniyah, Jabbar Gorran, said in a statement to Shafaq News Agency: "The economic and financial situation of Iraq is developing and growing significantly, and now we are witnessing an increase in the country's economic growth by 2%, and this is a good thing for the Iraqi economy compared to previous years."

He added, "The implementation of electronic procedures by the Central Bank of Iraq under the supervision of the US Treasury Department had a clear impact on economic growth as well as on the decline in the value of the dollar against the Iraqi dinar."

He stated that "the monetary financial policy currently followed in the country has made the difference between the exchange rate of the dollar and the dinar shrink to the limits of ten thousand dinars, and this difference is considered normal for many reasons."

He pointed out that "the measures taken since the middle of last year have been implemented in a realistic manner, amounting to 30 financial measures, which had a positive impact on dealing in the Iraqi dinar instead of the dollar, when transactions in the Iraqi dinar in the country are now estimated at 90%, with the exception of the Kurdistan Region, and also paved the way for merchants to deal." Through external transfers directly through banks, 85% of local merchants can now deal with external transfers through banks to import materials from abroad.”

Kuran ruled out that the dollar exchange rate would be the same as the government exchange rate for administrative and financial reasons, indicating that the difference should remain this way at around 10 thousand dinars between the dollar and dinar exchange rate.

LINK

JUDY NOTE, 30 MAY

 Judy Note

 From the below information it appeared that Tiers 1 and 2 have been funded and Bond Holders were set to receive liquidity on Wed. 39 May – the same day regulations for the Global Currency Reset would be finalized. 

Tier 3 appeared to be under Non Disclosure Agreements so they may have completed appointments and/or have liquidity. Tier4b (Us, the Internet Group) could be notified with exchange appointments set any time from Sat. 1 June to Tues. 4 June, with a final D Day of  Thurs. 6 June. 

The Tier4b exchange/ bond redemption process was hoped to be finished by Sat. 15 June, with a back wall date of a Tier4b finish by Thurs. 4 July. It was believed that the GCR would be announced (where Tier 5 the General Public could exchange at the new international currency rates) on Thurs. 4 July.

Gold Silver and Crypto update for 05/29/24 - shortage in silver, Trump ...

Association Of Banks: The Joint Committee With The American Side Will Begin Its Work Next Month, 30 MAY

 Association Of Banks: The Joint Committee With The American Side Will Begin Its Work Next Month

President of the Iraqi Private Banks Association, Wadih Al-Handal   Economy News – Baghdad  The head of the Iraqi Private Banks Association, Wadih Al-Handal, confirmed on Wednesday the effort to open more prospects for work with correspondent banks, while indicating that the joint committee with the American side regarding the banking sector will begin its work next month.

Al-Handal said, in a statement reported by the official news agency and seen by Al-Iqtisad News, that “the Prime Minister’s recent visit to the United States of America had a great impact on the understanding with the American side,” indicating that “what is important in this understanding is the formation of the committee that will begin... Its first meeting is at the beginning of next June.

He added, "We are very optimistic about this committee, which will be concerned with correcting the situation and returning the banking sector as much as possible to what it was, including dealing with correspondent banks and other clear points at the Central Bank of Iraq, including compliance and training of human cadres, including requirements related to money laundering."

He continued, "What was mentioned above is adopted by correspondent banks, in addition to the standards of disclosure and transparency of sources of funds, and these are the ABCs known in banking, and we sense all the seriousness and have great confidence in the direction of the Prime Minister and the Central Bank of Iraq for this," pointing out, "We are working in the banking sector currently." "To open more horizons for working with correspondent banks."

165 views 05/29/2024 - https://economy-news.net/content.php?id=43828

Payout for Tier Groups involved in the RV, 30 MAY

 Payout for Tier Groups involved in the RV

• The Dubai Accounts Funds the RV: Dubai 1 funds Tiers 1&2 of the RVand Dubai 2 funds Tiers 3&4 of the RV, while Dubai 3 funds the Adjudicated Accounts and GESARA.
• The payout of the Bonds and Currency is done in order of the different tiers. There are five Tiers that will be exchanging: Tiers 1, 2, 3, 4 &5.
• Liquidity Release is done in a certain order. The Elders, German Bonds and select Yellow Dragon Bonds must be paid first and have been.
  A. Dubai 1 released for liquidity which then triggers Dubai 2&3.
  B. F&P’s are released to recipients (they need D1 liquid, this is their hold up)
  C. Bonds will be liquid (they need D1 to be liquid)
  D. Tiers 1-4b are notified. (they need D1 to be liquid) It appears all is set to go on or about the same time!
• Tier 1 Sovereign Nation Debt of Governments: Chinese Royals, Bond Holders, Paymasters, Church Groups, CMKX, F&P, Adjudicated Settlements, Ranch and Farm Claims and other groups.
• Tier 2 Royals, Elders, Whales, Military Generals and some political type Elites with platforms of currency, corporations, etc.
• Tier 3 Admirals Group, American Indians, CMKX, large church groups like the Church of Jesus Christ of Latter-day Saints. The Pentecostal group was now 100% under an NDA.
• Tier 3 was all Dubai 2 Trust Money and originally was the Generals and public. Now Tier 3 includes groups with projects including the Admiral.
• The Admiral was sent to the back of the line and renamed Tier 4A (really just a pie slice of tier 3). The Admiral’s Group was composed of three parts – most notable of which was Tier4a Core groups and 130 VIP groups.
• Tier 4B, (us, the Internet Group) is the largest group and composed of the general public who paid attention to the intel – the people who have bought currency and/or bonds and kept up with the reset by way of information on the Internet.
• Tier 5 The general public who never paid attention to the Intel.
• The official GO for Tier 4b has not been released yet. It can happen any moment. As all Tier1-4b are funded, we await the final release to reach to our level.
• It’s a process. It’s tedious and time consuming – making adjustments as needed along the way for accuracy and safety of all involved. It’s a very quiet & discrete operation, where the general public is left uninformed for obvious reasons. Pay attention to the levels that are ahead of us. That will help give a better understanding of where we are, in relation to it reaching the 4b level. BUT, it is unfolding. And when it reaches our levels, there will be no doubts. It’s coming! Keep the faith.

https://dinarchronicles.com/2024/05/30/restored-republic-via-a-gcr-update-as-of-may-30-2024/

Comparing the IQD to the VND Iraqi News IQD VND HTG Rates

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The Central Bank Concludes A Symposium On Compliance And Anti-Money Laundering, 30 MAY

 The Central Bank Concludes A Symposium On Compliance And Anti-Money Laundering

 May 29, 2024   The Central Bank of Iraq, Kurdistan Region Branch, concluded an educational seminar targeting workers in mediation companies for buying and selling foreign currencies within the geographical area of ​​the branch.

 The organizers of the symposium   presented the concepts of controls and instructions regulating the work of exchange and brokerage companies in the sale and purchase of foreign currencies, amended No. (1) of the year 2022, and

     introduced the law on combating this phenomenon, No. (39) of 2015, as well as

     explaining the concepts and mechanisms for the success of the project of merging brokerage companies in the sale and purchase of currencies.

Foreign companies to form exchange companies under categories (A and B) and provide modern banking services and expand them for the purposes of combating money laundering and terrorist financing in accordance with international requirements and standards.

This symposium comes within a series of specialized seminars and workshops organized by the Central Bank, focusing on combating the crime of money laundering and terrorist financing and regulatory requirements in accordance with compliance controls.   Central Bank of Iraq      information Office      May 29, 2024   https://cbi.iq/news/view/2594