Friday, June 21, 2024
Thursday, June 20, 2024
An Employee At The Agricultural Bank In Maysan Was Arrested And Seized 131 Million Dinars, 21 JUNE
An Employee At The Agricultural Bank In Maysan Was Arrested And Seized 131 Million Dinars
Posted On 06-20-2024 By Sotaliraq The Federal Integrity Commission announced the implementation of an operation during which an employee at a government bank in Maysan Governorate was arrested for seizing an amount of 131 million dinars from one of the bank’s customers.
The Authority said in a statement that “the Authority’s Maysan Investigation Office formed a working team from its staff,” explaining that “the team that moved to the Agricultural Cooperative Bank / Maysan Branch was able to execute an arrest warrant for one of the employees because he, in collaboration with other employees of the bank, seized more than From (131) million dinars from a customer’s account in the bank.”
The authority added in its statement that “the process of withdrawing the amount from the customer’s current account at the bank took place without his knowledge, after forging his signatures and seizing his funds deposited for the accused’s account, in conjunction with other employees,” noting that “the process was carried out in accordance with the provisions of Article (316).” of the Penal Code.”
She confirmed that “a formal arrest report was prepared for the operation, and it was presented with the accused to the judge of the investigative court competent to look into integrity issues in Maysan to issue the appropriate decision.” LINK
"SUMMARY OF RV UPDATES" BY MILITIAMAN, 21 JUNE
Militia Man
Article: "The Iraqi government is currently weighing the question of changing the currency so the official cost of the US dollar will be 1.32 Iraqi dinars instead of 1320. Implementing such a decision is likely significantly increase Al-Sudani's popularity." That was March 11, 2024.
--
Article: "Iraq is preparing to establish a project that will change the oil map.. Will it affect energy producers?" Quote: "Included the project of this new pipeline with an estimated amount of 6.5 billion dinars or $4.9 billion." Think about what they just said, 6.5 billion Iraqi dinar equates to $4.9 billion...It is like saying the dinar is worth 1.32 to $0.76...That to me will be considered a REER.
All we're looking for now, to some degree, is when are they going show these amendments to be law. We heard different things about the president having to sign, not sign, we have 15 days time frames and people are debating on when that time frame starts - was it June 3rd or was it the day he received it? Do we know the exact day he received it? I don't. But we know our time is short...Once the amendments are passed into law, we'd like to think that prior to that they're going to expose the new real effective exchange rate and probably mention they've done the project to delete the zeros which get you the nominal effective exchange rate.
----
If they have a real effective exchange rate like al-Sudani said, that the dinar is going to be stronger than the dollar, the parallel market goes away...Obviously the stronger the currency is the cheaper it is for Iraq to do what they need to do. It's a no-brainer. It's that simple.
The black market is going to exist if the United States dollar is less than the Iraqi dinar...There's not much demand for the dollar now...They've got it under control. Is it showtime? I sure hope so.
I don't care if you've been in this for 20 years. What we're seeing now is completely different. It's a progression. Some people don't like the progression. They just want it to be over and done. Welcome to the club.
You kind of need the IMF article VIII compliance and that's what we're waiting for which is a real effective exchange rate. I think these guys are about ready to expose that. I think al-Sudani...Alaq from the Central Bank of Iraq all of them have this in their eyes to see this come to fruition and very quickly...
Anybody going with Sudani is going against the mafias and going against those that are going to have their dollar auctions dry up.
They're going..FOR READ MORE:
https://dinarevaluation.blogspot.com/2024/06/rv-update-by-militiaman-10-june.html
Anybody going with Sudani is going against the mafias and going against those that are going to have their dollar auctions dry up.
They're going to have lots of different little things happen to them that are going to be painful. Anybody that's holding the dollar when they change the exchange rate...those exchange companies, 197 banks that got tagged by the central bank...
they're going to have a painful experience because if you're no...FOR READ MORE:https://dinarevaluation.blogspot.com/2024/06/rv-update-by-militiaman-10-june.html
Kurdistan Federation: Legislating The Oil And Gas Law Will Resolve The Disputes Between Baghdad And Erbil, 21 JUNE
Kurdistan Federation: Legislating The Oil And Gas Law Will Resolve The Disputes Between Baghdad And Erbil
June 19 16:58 Information / private.. The spokesperson for the Patriotic Union of Kurdistan parliamentary bloc, Suzanne Mansour, said on Wednesday that legislating the oil and gas law would be sufficient to resolve the disputes and outstanding issues between Baghdad and Erbil.
Mansour said in an interview with the Maalouma Agency that the oil and gas issue has been stuck between Baghdad and Erbil for many years, noting that “recourse to the constitution lies in legislating the oil and gas law.”
She added, "The draft oil and gas law is still with the government and we are waiting for the law to be enacted in the House of Representatives," noting that "approving the law would regulate the relationship between Baghdad, Erbil, and the oil-producing provinces."
She continued, "There is a committee formed by both sides in Baghdad and Erbil to solve all problems, including the oil and gas law." LINK
"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 21 JUNE
Frank26
[Iraq boots-on-the-ground report]
FIREFLY: My bank guy said...Sudani...sent Alaq out in February...to announce to everybody that we were going to have a change in our exchange rate. Then Sudani comes out and talks to us about it as well...in March...considering a change in our currency to 1.32 from 1320. Now that the budget is about to be revealed he strongly suggests to me that we will be seeing the new exchange rate at 1.32 instead of 1320.
FRANK: They keep the exchange rate at 1320 to give you more purchasing power...They are about to give this power to you.
----
FIREFLY: Gold reserves over 145 tons TV says.
FRANK: No...It's not 145 tons. It's a lot more. They're never going to tell you the right amount...It's a heck of a lot more than that. Notice every time they talk to you about their gold it just gets bigger and bigger. That is because of the success that is going on with the rewriting of the contracts and the success of the monetary reform...
FIREFLY: My bank friend...reminded me...remember back in February of this year when Alaq came out and he talked to us on television and he said, Iraqi citizens the project to delete the zeros still exists. He didn't say the plan is to LOP our currency. They are two totally different things. We are deleting zeros and adding value.
FRANK: I love this because it's coming from the horse's mouth, a man of authority who knows what he's talking about...
---
FIREFLY: They told us...due to typo errors in the printing of the budget it will be reaudited and sent back to gazette...after EID holiday...All sound little fishy to us...An Iranian proxy saying budget is under appeal but we see nothing official of that...We trust it is going to be in gazette after EID holiday...
FRANK: They know what you are about to receive - your purchasing power. They know it's going to be extremely difficult for them to steal this value, this currency, so in the last nanosecond, just before Sudani and Alaq present the new exchange rate and the lower notes to you they do everything possible to prevent you from receiving your blessing...
https://dinarevaluation.blogspot.com/2024/06/iraq-boots-on-ground-report-by-firefly_0922640454.html
RV UPDATE BY MILITIAMAN, 1 OCT
Militia Man In the last week or so...there's probably five or six articles specifically talking about removing zeros from the Iraqi...
-
Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...
-
RayRen98 BANK STAFF RECEIVED "GET READY" MEMOS THIS MORNING, THEY'VE BEEN EXCITED ALL DAY! Nader From The Mid East Y...
-
Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...