Monday, July 1, 2024
"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.
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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.
"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
- 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.
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.
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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.
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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.
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Iraq to Import Gas from Turkmenistan via Iran
Turkmenistan and Iran have marked an agreement for the buy and offer of flammable gas in how much up to 10 billion cubic meters of gas eac...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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RayRen98 BANK STAFF RECEIVED "GET READY" MEMOS THIS MORNING, THEY'VE BEEN EXCITED ALL DAY! Nader From The Mid East Y...