"CBI TAKES CONTROL... BECAUSE THAT'S THE GOAL!!!" BY FRANK26, 1 JULY

 KTFA

FRANK26: "CBI TAKES CONTROL... BECAUSE THAT'S THE GOAL!!!"...F26

Economist: Direct banking investment is prohibited by order of the Central Bank

6/30/2024

 

Economic expert Mustafa Akram Hantoush explained on Sunday that the Central Bank of Iraq is adopting a “strict” central policy in its dealings with the banking sector, which limits the ability of banks to engage in direct investment and financing economic projects .

Hantoush told Shafaq News Agency that this policy makes it difficult for the banking system and investors to invest their capital in new projects without obtaining special approvals from the Central Bank.

Hantoush added that the current procedures followed by the Central Bank prevent banks from entering the areas of direct investment, which hinders the banking sector from achieving a vital role in moving the national economy.

He explained that the banking system, in light of these procedures, does not have sufficient capacity to play an effective investment role in line with normal banking rules, but rather the investment decision becomes subject to the directions and approvals of the Central Bank.

Hantoush stressed that this approach lacks the concept of "financial liberalization" for banks, which would provide the banking sector the opportunity to enter the Iraqi market directly and support investment opportunities, while adhering to banking and legal controls.

He stressed that reviewing these policies may be a necessary step to activate the role of banks in supporting economic projects and promoting investment in Iraq.

LINK

LATEST FROM FRANK26, 1 JULY

 Frank26 

 The #1 reason, the only reason why we didn't have a new exchange rate, new lower notes, is because of the terrorism that was coming from Iran...Not anymore...You see more clamping down.  More arrests, more money being returned.

---

 They're ready to burst wide open and give everybody their sweet blessings.  No doubt. 

  Question "Is it safe to give somebody at the bank your money before it's verified?"   NO! ...Take care of them.  Don't let them out of your sight...If you go to a bank and they say we're going to exchange the currency for you but we're going to have to take this currency and send it to the upper echelon bank...do a 180, about face, and run like the Road Runner.  Get away from them as fast as you can.  You never want to give up your dinars to anybody...Simply say, give me the address of that bank and you take them.

 Sudani...I honestly feel he has put everybody ...in checkmate...He put Kurdistan and Barzani in checkmate when he showed them the new exchange rate IMO.  He put all the contractors in checkmate ...when they rewrote [contracts] with the new exchange rate IMO...

Sudani has...all those involved in monetary reform in checkmate, even the United States of America, WTO, everybody is in checkmate...Look at all the excitement...pomp and circumstances pointing at Iraq from everybody... bowing to Iraq...You got the oil we want...The whole world knows Iraq are in control of them.

https://dinarevaluation.blogspot.com/2024/07/rv-update-by-frank26-1-july.html

Iraqi Dinar ✅Something Big Happening In Iraq Investors Alert-Iraqi Dinar...

"COMMUNICATION & ELECTRICITY... VERY IMPORTANT FOR THE MONETARY REFORM" BY FRANK26, 1 JULY

 KTFA

FRANK26:"COMMUNICATION & ELECTRICITY... VERY IMPORTANT FOR THE MONETARY REFORM".....F26

The head of the Media Commission confirms Iraq's commitment to bridging the digital gap

6/30/2024

 

 

Baghdad - WAA
 
- Chairman of the Iraqi Communications and Media Commission, Ali Al-Muayyad, affirmed today, Sunday, Iraq's commitment to bridging the digital gap in the country.
The authority said in a statement received by the Iraqi News Agency (INA): “The head of the Iraqi Media and Communications Authority, Ali Al-Muayyad, affirmed, during his speech at the Forum for Governments, Communications Policies and Technical Solutions for the Middle East and Central Asia, Iraq’s commitment to bridging the digital gap in the country.”
Al-Muayyad explained during his speech, according to The statement, “The Authority’s efforts to bridge the digital gap in Iraq,” noting that “over the past two years, strategic projects worth more than $30 million were launched to strengthen the digital infrastructure in remote and marginalized areas.”

He pointed out that "these projects included providing Internet services to schools, delivering communications services to deprived areas, establishing digital community centers, and developing training programs for citizens."

He explained that "the Authority's efforts were not limited to the technical aspect, but also included developing local digital content and enhancing awareness of the importance of technology," noting that "these efforts yielded positive results, including increasing the percentage of Internet users and improving the quality of digital services."

The head of the Communications and Media Commission stressed "Iraq's commitment to continue working to build an integrated digital society, in cooperation with local and international partners, to achieve the vision of a digital future that guarantees equal opportunities for all and promotes development."

It is noteworthy that the Forum for Governments, Communications Policies and Technical Solutions for the Middle East and Central Asia was held within the activities of the Mobile World Congress (MWC Shanghai 2024) and witnessed the participation of an elite group of experts from regulatory bodies, telecommunications companies and sector partners in the countries of the region. They discussed the future of communications policies in the region, global best practices, and protecting... User privacy.

LINK

 

LATEST FROM WALKINGSTICK, 1 JULY

  Walkingstick  

[Iraqi bank friend Aki update]

 AKI:  It's about time.  

WAlKINGSTICK:  What he's telling us is it's about time to release the budget and the new exchange rate with the lower notes.  That's what he meant.

 Walkingstick 

 The ATM machines, they're all poised like centurions that are standing there.  These ATMs are guarding the lower notes.  It's time for all of this to come out now.  It's just the budget we are waiting for.  We're not waiting for any laws, we're not waiting for any new procedures.

---

Walkingstick

  Question: "Why haven't we had a new exchange rate?" 

 It's always the same answer, it's the corruption from Iran that steals from the auctions from the CBI...government through the political people that they have.

You can stop asking question about the budget.  It's all there.  Concerning the tripartite budget, everything...all the projects...cities, new exchange rate, lower notes, ATM machines, contracts, everything, it is all there...It is a fact...The GOI has the budget and they have the new exchange rate from the CBI.

---

 The Iraqi citizens are being given their education, not our education.  They are telling the Iraqi citizens what they need to hear at this moment in the monetary reform process...

 $4.9 billion for a pipeline in the budget...Didn't you say it was 6.5 billion dinars? 

 'Yeah.'  And you're saying it equals $4.9 billion? 'Yeah.'...

They told the world...6.5 billion IQDs is equivalent to $4.9 billion...6.5 divided by 4.9 it comes out to 1.32 or $0.76...You don't have to think anymore after this...That's billions to billions not trillions to millions.  That's a rate change...You're telling the world this.

--

[Iraqi bank friend]

 Aki in Dearborn...he's got one [new ATM machine like the ones delivered in Iraq].

They put these ATM machines out in order to put out the lower notes...These ATM machines will teach the citizens about the lower denoms and it will teach the bank employees about this as well too...There's going to be a stampede of people that will be rushing into the Iraqi dinars...These ATM machines are now being impregnated...

When they load or if they have loaded them up [new ATMs], the note count has already been determined.  The note count for each individual machine has already been accounted for...

These machines will be the state of the art...State of the art has nothing to do with a program rate.  If it was they would have had the state-or-the-art with the program rate for the last 20 years...The CBI is desperately trying to put out the least amount of currency at the onset before they release the new exchange rate.  Because once they do this, if needed, they will be able to add to this note count as the value is needed.

These ATM machines have the capability to recognize the lower denoms that are soon to be passed out to the citizens in order to add value to their currency and to go hand in hand with a new exchange rate of the lower notes...These ATM machines have the software for the lower notes.  

But does it have the lower notes in these ATM machines? 

 It is unknown...Since April there have been thousands of these ATMs being put out...FOR READ MORE: https://dinarevaluation.blogspot.com/2024/06/rv-update-by-walkingstick-19-june.html

Iraqi Dinar✅Finally Finally Iraqs Join WTO With New Exchange Rate | IQD ...

Oil Rises Significantly And Is Heading For Gains For The Third Week In A Row, 1 JULY

 Oil Rises Significantly And Is Heading For Gains For The Third Week In A Row

Saturday 29 June 2024 08:55 | Economic Number of readings: 206  Baghdad / NINA / Crude oil prices witnessed a noticeable rise during global market trading, and prices are heading to achieve gains for the third week in a row, supported by improved market sentiment regarding the possibility that American demand for crude oil will increase during the coming period, driven by strong economic growth data in the United States. United States (the largest consumer of crude oil in the world).

At the end of trading yesterday, Friday, spot contracts for Brent crude witnessed a jump of 0.34% and reached about $85.66 per barrel, and spot contracts for West Texas Intermediate crude also rose by 0.57% and recorded about $82.22 per barrel.

Crude oil prices received support that enhanced their rise during global market trading on Friday, after data received from the US Bureau of Economic Analysis yesterday showed that the final reading of the gross domestic product growth rate in the United States recorded a growth of 1.4% during the first quarter of this year, In the same quarter, the US GDP price index recorded a growth of about 3.1% during the first quarter, which reinforced market speculation about the possibility that US demand for crude oil would increase during the coming period, supporting oil price levels in the market.

In this regard, crude oil prices recorded a clear rise during market trading, amid the prevailing state of fear in the global market regarding the possibility that the crude oil market will be exposed to a large supply deficit during the coming period, especially after a Ukrainian plane caused a fire to break out in an oil tank for the Russian Druzhba pipeline.

(One of the largest parts of the Transneft system, which monopolizes Russian pipelines), in the Tambov region, southeast of Moscow, which led to a fire in a crude oil warehouse, which pushed oil prices to rise in the last week’s trading.

Also, crude oil prices rose significantly during trading, coinciding with the escalation of geopolitical tensions in the Middle East between Israel and Lebanese Hezbollah, with Hezbollah intensifying its attacks with missiles and drones in northern Israel during the past weeks, which increased pressure on the Israeli government, and led to... Escalating tensions in the region, which may extend to areas rich in crude oil, and this would enhance expectations of the possibility that the oil market will be exposed to a shortage of supplies, and lead to a rise in crude oil prices in the market.https://ninanews.com/Website/News/Details?key=1137691