🇺🇸💥🇺🇸. This is great news here. Remember what we learned that the more Iraq uses their Dinar, the more value it has and the higher the exchange rate will be!💥💥💥. Perhaps that is why the rate hasn’t been released on the forex yet because by waiting for the fiat dollar to crash, it will increase the value of the dinar. 💥💥💥 Good information in Ariel’s post here! 🇺🇸💥❤️🇺🇸
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🇺🇸💥🇺🇸. Iraq and Germany making agreements for projects for private sector! Sudani has been a very busy man! 🇺🇸💥🇺🇸👇👇
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🇺🇸💥🇺🇸. Interesting. Currency companies told to stop selling foreign currencies in Iraq now in this window…….before what? 💥💥💥. Perhaps before the camper event? Just supposition since that event is very close. 🇺🇸💥🇺🇸👇👇
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🇺🇸💥🇺🇸. Iraq is shifting to a gold backed currency! This makes their dependence on oil to back their currency non relevant! 🇺🇸💥🇺🇸👇👇
FRANK26:"JUST LIKE WE TOLD YOU... NEW LOWER NOTES COMING!!!".............F26
Rudaw publishes the text of the third strategic plan of the Central Bank of Iraq
6/6/2024
The Governor of the Central Bank, Ali Mohsen Ismail Al-Alaq, announced the third strategic plan for the years (2024-2026), which includes a set of main and subsidiary goals and initiatives to achieve the bank’s aspirations.
The governor stated that the plan paid special attention to oversight and supervision of the banking sector, in order to build a “solid” banking sector, while the plan, according to Al-Alaq, focused on the non-banking financial institutions sector.
He stressed that exceptional efforts would be made to address the problems and obstacles facing the bank’s initiatives with the aim of achieving the vision and goals.
The three-year strategic plan includes seven goals, which are: “Supporting and enhancing monetary stability, enhancing digital transformation, activating electronic payment and strengthening cybersecurity, enhancing financial inclusion, maintaining a sound financial system, developing the regulatory structure, strengthening the bank’s position locally and internationally, and enhancing sector compliance.” Banking and non-banking financial institutions sector.
The plan listed the opportunities and challenges facing the bank’s work, as the opportunities included “reducing the general budget deficit and improving the international business environment,” while the challenges were “imbalances in the Iraqi economy and cybersecurity threats.”
The bank stated in its plan that it has established the technical infrastructure for the (GO AML) system for the Anti-Money Laundering and Combating the Financing of Terrorism Office, in order to receive, process and analyze reports submitted by financial institutions or other entities.
The bank confirmed that it is currently accredited by 60 financial information units around the world.
Regarding the initiatives that the bank linked to the sub-goals, they include “the ability to issue medium or long-term securities, move from the platform to the sending banks in making external transfers, increase gold reserves, offer new issues of high-quality currency,automate monetary operations, and support financing.” Small and small, creating an electronic platform to manage complaints, etc.
To view the third strategic plan of the Central Bank of Iraq, click here
“The UN sees progress in Iraq’s anti corruption efforts and lists recommendations..” The UN seems pretty happy with all the efforts you have made Iraq …here’s you “atta boy”...This is actually important to see all the sanctions going away and Iraq being free and clear to change values on the world stage.
... Sudani signed a cooperation agreement with the trade bank of Iraq and the German export credit corporation. If everybody thought nothing was going to happen in Iraq -then they would not be signing these extremely high level deals. You are watching them become a major player on the international stage.
I found this one encouraging. One of the things they are going to need to be taken seriously on the world stage is the value of their currency. Vietnam is also running into that problem right now. They need to revalue up.
...there is contention as to whether the president has signed it [the budget] yet or not...And attempts by Maliki to delay things. Don’t panic- they are not allowing a delay and will push forward with the printing of the budget…and execution. Maybe we will see the printed budget by Saturday now...I’m still hearing positive things for the 7th through the 9th.
Shafaq News / Iraqi Prime Minister Mohammed Shia Al-Sudani is scheduled to visit Basra governorate on Saturday, accompanied by a delegation of ministers and federal officials, to inaugurate several major projects.
A government source informed Shafaq News Agency that Al-Sudani's visit will include the opening of the Azmara unit at the Shuaiba refinery, one of the most significant refineries in southern Iraq.
This visit follows Al-Sudani's previous trip to Basra on March 24, 2024, where he oversaw and launched numerous strategic and service-oriented projects in the governorate.
During his March visit, the Prime Minister inaugurated a rolling mill plant, part of the General Company for Iron and Steel, with an annual production capacity of 500,000 tons of various steel types. This plant had been inactive since 2003.
Additionally, Al-Sudani opened a urea fertilizer plant with a daily production capacity of 1,000 tons and a DAP fertilizer plant with an annual capacity of 500,000 tons, both under the Southern Fertilizer Company.
FIREFLY: Television is showing Sudani is asking questions about 57 trillion that was left over from the '23 budget and nobody seems to know where this money is...There is no end to the corruption. Obviously, our leader Sudani is protecting the monetary reform by not exposing the new exchange rate to these bad people. FRANK: 57 trillion dinars is missing from the budget of '23? ...Let's pray that he can find that money because if I was Sudani I'm not going to release any exchange rate. I'm not going to do anything with the contracts.
[Iraq boots-on-the-ground report]
FIREFLY: TV says the budget didn't go to the president for signature but to the publishing in gazette...When the budget is in the Gazette it will go live. So that means a new exchange rate will come soon to correct that new budget because it can't handle all of these projects at a program rate, correct?
FRANK: That is correct. It is also the monetary reform plan of Dr. Shabibi.
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FIREFLY:Television is showing a report on paper from IBBC on the de-dollarization inside of Iraq. They're telling us they've been doing it all this time...They even talk about that part from the World Bank discussion on changing the dinar exchange rate.It's powerful. This is all on the news.
FRANK: The monetary reform education to you citizens will get very loud...
FIREFLY:Sudani didn't say anything about the rate inside of the budget. They didn't say a word. COM didn't say anything. COM saw the budget with Sudani. We see them sitting there and they're looking it over but nothing is announced except the approval and that it's going to the House of Parliament now.
FRANK: You know very well what' going on. He will protect the budget until the very last nano second.
FIREFLY: The news has that specialist...talking about the best way to fill in the gap for the dinar and the dollar (illegal market). He's telling us the best thing for it to do this is to float...Saleh now talking saying the CBI is the only one that can control this needed float.
FRANK: They're going to float your currency because with a float they can come out at a higher rate than 1 to 1...this is a reinstatement of your exchange rate...The fact that they're talking about floating all day long...is because this is the next step in the monetary reform. Once they give you the new exchange rate and your new currency seconds later your currency will start to float...on international platforms
FIREFLY: The news has that specialist...talking about the best way to fill in the gap for the dinar and the dollar (illegal market). He's telling us the best thing for it to do this is to float...Saleh now talking saying the CBI is the only one that can control this needed float.
FRANK: They're going to float your currency because with a float they can come out at a higher rate than 1 to 1...this is a reinstatement of your exchange rate...The fact that they're talking about floating all day long...is because this is the next step in the monetary reform. Once they give you the new exchange rate and your new currency seconds later your currency will start to float...on international platforms
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FIREFLY: Ever since Sudani came back from Washington DC he has been talking to us about metal coins and paper fils. He said the coins are both silver and gold...
FRANK: The monetary reform education is being presented to the Iraqi citizens...
FIREFLY: International Development Bank opens in Erbil.
FRANK: Notice how they are preparing your banks in many ways to receive the new exchange rate when Sudani releases it. They talked to you about the float...the basket... the lower notes...the old lower notes, your history...Now they're going to tell you Iraqi citizens about your banks...they are educating you on the many services that your banks will be offering you once this exchange rate is released.
FIREFLY: Television says Iraq is now producing 1 million liters of gasoline on a daily basis with the new refineries...They are saying we will have enough gasoline for our self sufficiency of our county and also for global trading on the market..
FIREFLY: They said our success is from the visit to the United States of America because it lifted almost all sanctions on our banks and others are close to being lifted too.
