In Numbers: The Decline In The Value Of The Reserves Of The Central Bank Of Iraq, 8 JUNE

 In Numbers: The Decline In The Value Of The Reserves Of The Central Bank Of Iraq

 Economy | Yesterday, 16:10 |  Baghdad Today – Baghdad   Economic researcher Manar Al-Obaidi revealed today, Friday (June 7, 2024), a decline in the value of the Central Bank of Iraq’s total foreign reserves by 2.4%.

 Al-Obaidi said in a statement, received by “Baghdad Today,” that  “the official reserves of the Central Bank of Iraq declined in the fifth month of the current year compared to the end of 2023 by 2.4%, so that the value of the official reserves decreased from 147 trillion dinars in 2023 to reach 143 trillion at the end of the fifth month of the year.” current". 

He pointed out that  "the Central Bank's gold reserves increased by 16% compared to 2023, bringing the value of the gold reserves to 14.3 trillion dinars, up from 2023, when the value of the gold reserves at the end of last year was 12.3 trillion dinars." 

Al-Obaidi added, "As for the investment reserve, it decreased by 4.68% compared to the end of 2023, and its value this year reached 126.4 trillion dinars, after  it was at the end of last year at a value of 132.6 trillion dinars."   

 https://baghdadtoday.news/251067-بالأرقام.-تراجع-قيمة-احتياطيات-البنك-المركزي-العراقي.html    

"RV UPDATE" BY TRUTH WARRIORS VIA BEARDED PATRIOTUSA TELEGRAM ROOM, 8 JUNE

 TRUTH WARRIORS

🇺🇸💥🇺🇸. Notifications released for Tier 4B in Brazil and Columbia……on Wolverines chat just now!  💥💥💥. Our turn will come sometime…..🇺🇸💥🇺🇸

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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!  🇺🇸💥🇺🇸👇👇

https://dinarevaluation.blogspot.com/2024/06/rv-update-by-truth-warriors-via-bearded.html

MILITIAMAN: Iraq Dinar-IQD Update-PM Al-Sudani-Digital Payments-AMF-High Quality Cur...

"THIS IS WHAT SUDANI IS ASKING PARLIAMENT QUESTIONS ABOUT." BY FRANK26, 8 JUNE

 KTFA

FRANK26: "THIS IS WHAT SUDANI IS ASKING PARLIAMENT QUESTIONS ABOUT."........F26

Nearly 80 trillion dinars disappear from the 2022 and 2023 budget.. Deputy: “No one knows where it went.”

 

6/4/2024

- Baghdad
 

Member of the Parliamentary Integrity Committee, Hadi Al-Salami, revealed today, Tuesday, that about 57 trillion Iraqi dinars remain from the 2023 budget, and no one knows where it went.

Al-Salami said, “The 2023 budget amounted to 206 trillion, the actual expenditure was 148 trillion, and the remaining 57 trillion. No one knows where that retained money went.”

He added, "There are 22 trillion in rounds in the 2022 budget as well, and no one knows where it went," noting that "there are problems and irregularities regarding the issue of actual revenues and actual expenses in the budget tables."

He explained, “The House of Representatives made many observations on the budget schedules that were passed without warning.”

LINK

"RV UPDATE" BY TRUTH WARRIORS, 8 JUNE

 

TRUTH WARRIORS

🇺🇸💥🇺🇸. 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!  🇺🇸💥🇺🇸👇👇

https://dinarevaluation.blogspot.com/2024/06/rv-update-by-truth-warriors-via-bearded.html

FRANK26…..6-7-24…….I LIKE THINGS IN THREES

"JUST LIKE WE TOLD YOU... NEW LOWER NOTES COMING!!!" BY FRANK26, 8 JUNE

 KTFA

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 

 

LINK