Friday, July 12, 2024
"BY ORDER OF THE US FEDERAL RESERVE!!!" BY FRANK26, 12 JULY
KTFA
FRANK26: "BY ORDER OF THE US FEDERAL RESERVE!!!".F26
Iraq stops dealing with the Chinese yuan...and the currency basket is an alternative
7/11/2024
The Parliamentary Finance Committee revealed that Iraq has decided to stop dealing with the Chinese yuan in financial transfer
He believed that "many decisions by the Central Bank are imposed by the US Federal Bank," according to him.
Al-Kazemi pointed out that "Iraq's money, as we know, is placed in the US Federal Bank as a result of the sale of oil at a rate of 3.5 million barrels per day, and this money enters the US Federal Bank and is not transferred to Iraq in cash, but is transferred to Iraq through transfers issued by the Central Bank and the Federal Bank is notified and then the Federal Bank is convinced of this transfer and commercial transaction and on the basis of it releases amounts to the relevant parties exporting to Iraq."
He noted that "many of the Central Bank's procedures are governed by the American will, and this will may be explained for administrative and financial reasons, non-financing of terrorism, and others," believing that "the reasons are political with the aim of pressuring the Iraqi government," according to his expression.
Regarding the impact of canceling dealing in the Chinese currency, Al-Kadhimi pointed out that "the merchant and the Central Bank have multiple options and not to deal only with the dollar, so this suspension is temporary and not permanent."
As for what the Parliamentary Finance Committee will do in this regard, a member of the committee explained, "We will ask the Central Bank to address the issue and for the currency basket to be diverse, so that the options are more for the Central Bank and Iraqi merchants."
It is noteworthy that Iraq has strengthened its assets denominated in yuan through the Singapore Development Bank to finance Iraqi trade and imports with China by about $ 12 billion annually.
Iraq has also moved to strengthen its assets in the Emirati dirham and negotiated an increase in its assets denominated in euros to finance trade with the European Union, and Iraq has also begun opening bank accounts in the Indian rupee for a number of Iraqi banks.
Since the beginning of 2023, the Central Bank of Iraq has issued several decisions aimed at maintaining the stability of the general monetary and economic situation and confronting the risks of fluctuations in the exchange rate of the Iraqi dinar against the US dollar, in addition to facilitating import and export operations by opening new horizons with international banks, including Chinese banks.
Among the decisions of the Central Bank of Iraq is to enhance the balances of Iraqi banks that have accounts with Chinese banks in Chinese yuan, as dealing in yuan directly without the mediation of the US dollar contributes to facilitating and accelerating financial transactions, and will reduce import costs and protect against the risks of fluctuating exchange rates within Iraq.
ABOUT THE RV NOTIFICATIONS BY GINGER, 12 JULY
GINGER
For those who are taking the traditional RV notifications route and you want to be notified by email when you may schedule an appointment:
🔸You may sign up to receive email notification OR you may even be emailed by the currency broker who sold you your foreign currency online. They will be alerted of the new international rates and are equipped to let their customer base know.
🔸If you want, you can sign up for these bigger groups to send you a notice when the time is right:
🔆REGISTER AT ONE (or all) OF THESE SITES TO GET NOTIFICATION FOR APPTS.🔆
a. www.Bigcalluniverse.com
b. www.dinardetectives.com
c. www.dinarrecaps.com
🔸To register for 800#s
🔸DO NOT call any 800# until you confirm it is valid!!! Vet the information against announcements being shared on these groups' main websites as well as RV related groups on Telegram who will be sharing notifications.
🔸(Certain humanitarians (with LWS) may be choosing to wait for private contact/notification, so please choose to either disregard this message or simply use the sign up option as a backup option to help you simply with pacing of the event. You can still wait for private contact.)
"THIS IS WHAT THE IMF DEMANDED!!!" by frank26, 12 JULY
KTFA
FRANK26: "THIS IS WHAT THE IMF DEMANDED!!!"F26
For the first time, the Iraqi state's non-oil revenues record an increase of 11%
7/11/2024
The "Iraq Al-Mustaqbal" Foundation for Economic Studies and Consultations announced onThursday that for the first time, the non-oil revenues of the Iraqi state recorded 11% of the total revenues, with oil revenues falling below the 90% barrier.
A report issued by the institution today stated that non-oil revenues for the first five months of the current year amounted to 6.24 trillion Iraqi dinars, while oil revenues for the same period of the current year amounted to 48.4 trillion Iraqi dinars.
According to the report, tax revenues on income and wealth increased by 118%, while revenues from commodity taxes and production fees increased by 285%.
The institution's report indicated that fee revenues increased by 50%, while oil revenues increased by 6.4%.
The continued reliance of the Iraqi state on oil as the sole source of the general budget is a dangerous matter in the face of global crises that occur from time to time due to the impact of oil on them, which makes the country turn every time to cover the deficit through borrowing from abroad or domestically, which thus indicates the inability to manage the state’s funds effectively, and the inability to find alternative financing solutions.
Coffee with MarkZ and Mr. Cottrell. 07/12/2024
"RV UPDATE" BY FREEDOM FIGHTER, 12 JULY
FREEDOM FIGHTER
Freedom Fighter ©️
July 11, 2024
🟠GOLDILOCKS article breakdown
🏆Iraq testing the IQD in the FOREX market ‼️
💥Directly from the CBI
Love ❤️
---
Freedom Fighter ©
💥90% growth in Iraqi bank accounts. Iraqis historically have not trusted the banking system. Sounds familiar ?😃
💥But the more they use the banks the more they deposit DINAR and use DINAR in the new digital banking system in Iraq 🇮🇶
💥The more they use the Iraqi banks the better it s for us as investors
💥💥Feel free to ask why 😊
https://shafaq.com/en/Economy/Iraqi-Central-Bank-reports-surge-in-bank-account-growth
https://dinarevaluation.blogspot.com/2024/06/rv-update-by-freedom-fighter-7-june.html
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