RV UPDATE BY FRANK26, 17 OCT

  Frank26 

 Question: "Is this going to be a capital gain?" A lot of people desperately do not want to pay taxes.  I believe they live in this world they create where taxes never exist.  I'm sorry, if you honestly think you're going to be able to get involved in this and exchange this currency, that's called a capital gains, without having to pay any taxes you're delusional...Yes you're going to pay taxes, that's why it's important to have a receipt...held for one year you'll probably be in the 20% tax bracket...if you don't have a receipt, you lost it, you'll probably be in the 40%.  Biden just said a couple days ago he wants to increase those taxes over 50%...capital gains..

  Is the goal of the CBI for the Iraqi dinar exchange rate to go international?  Is that the goal of the monetary reform?  No.  It's to RI...The goal is not to send it to you internationally so you can make money off of their currency.  The goal of the monetary reform of the Iraqi dinar is to lift the value of the currency by removing at least three zeros from their exchange rate.  In doing so, then their monetary reform will require another reform, which is the denominations...the lower notes.

This Is The Volume Of Our Trade With Iran.. An Economist Reveals The Reasons For The Dollar Problem Inside Iraq

 Economy |Baghdad Today – Baghdad  Economic expert, Munir Al-Abidi, revealed today, Tuesday (July 16, 2024), the volume of trade between Iraq and Iran, while indicating that the dollar problem in Iraq is not due to official trade.

Al-Obaidi said in a clarification he published on Facebook, which was followed by "Baghdad Today", "The Iranians say that our trade with Iraq during three months amounts to 3 billion dollars, distributed as 1.2 billion to meet the need for gas, 700 million dollars for electricity, while 200 dollars are for food, and another 200 million for iron trade."

He added, "This means that the value of food and iron during the year amounts to only 1.5 billion dollars annually," indicating that "some say that our trade with Iran amounts to 12 or 14 billion dollars, which is the reason for the dollar crisis."

Al-Obaidi said, "Our official trade for the private sector does not exceed 3 billion dollars with Iran and does not exceed 300 million dollars with Syria," stressing that "the problem with the dollar is not the official trade with Iran and Syria."

He pointed out that "the problem of the demand for dollars in the local market is to cover the needs of other types of informal and illegal trade, most notably drugs," stressing that "all this fuss, crying and wailing in the channels is to reopen the money channels for this trade."  LINK

Allan Lichtman Called Past Elections, Reveals 'Keys To The White House'

After meetings in Al-Hanana and Baghdad.. Al-Sadr is ready to return politically and electorally

 After meetings in Al-Hanana and Baghdad.. Al-Sadr is ready to return politically and electorally

2024-07-14 04:05

After meetings in Al-Hanana and Baghdad.. Al-Sadr is ready to return politically and electorallyShafaq News/ A source close to the leader of the Shiite National Movement, Muqtada al-Sadr, revealed on Sunday that the movement has completed all preparations in preparation for the political and electoral return during the next stage.

The source told Shafaq News Agency, “The political meetings and gatherings between the leadership of the Sadrist movement and those responsible for the political and electoral file have been ongoing for nearly two months, and several meetings were held in Najaf and Baghdad in an unannounced manner.”

The source, who requested anonymity, added that “Al-Sadr and his movement have completed all preparations for the political and electoral return of the Shiite national movement. The return will be gradual, and will be supported at first by (Al-Sadr’s minister) Saleh Mohammed Al-Iraqi, and then the return will be directly supported by Al-Sadr himself,” without revealing further details.

shafaq.com

"IRAQ UPDATES" BY REINALDO JC, 15 JULY

 REINALDO JC

Iraq Delete & Add In Its Tables.. The 2024 Budget Will Not Reach The Citizen. Representatives of the people are manipulating their power illegally. After it was approved by the specialists, and before it was sent to the implementing body, numbers were deleted and added while walking through the corridors of the Iraqi Council of Representatives. This is not within their authority as a legislative body, and their right does not exceed approving it or returning it to the Council of Representatives.  After the legal breach and exceeding the fiscal year by more than 6 months, another breach occurred in the 2024 budget schedules by some members of the Iraqi Council of Representatives before sending it to the Council of Ministers, so the government returned it to the corridors of the Council of Representatives to delete the changes made, as it is a purely governmental task Speaking about this file, a member of the Finance Committee in the House of Representatives, Moeen Al-Kazemi, accused some members of the House of Representatives of tampering with the budget tables after approving them and then sending them to the Council of Ministers, while he confirmed that investigations are ongoing and those who tampered will be held accountable. Al-Kadhimi said in a statement to Al-Maalouma Agency, "After reviewing the tables by the Finance Committee and agreeing on them, with the Prime Minister being given powers to transfer 2 trillion dinars to develop the region in the governorates, some numbers were changed before sending them to the Council of Ministers," noting that "the changes occurred within the House of Representatives and before they reached the government."   He added, "The Council of Ministers returned the tables to the House of Representatives for the purpose of correction and cancellation of the additions that occurred," noting that "the Finance Committee is investigating who dared to tamper with the budget tables and how the Acting Speaker of the House of Representatives signed the changes that occurred."   Al-Kadhimi said: “There will be accountability for those who tried to change some numbers in the tables, as they dared to attack the people’s livelihood without the permission of the Finance Committee and the House of Representatives.” Parliament session resumes back on the 20th/21st of July. In other words- The 2024 Budget is Unconstitutional & will be returned to Iraq parliament to make amendments to them. SHIT CANT GET APPROVED UNTIL THE IRAQ DINAR RATE CHANGES …LFG #itshappening

Iraqi Dinar | Frank26 Official Announcement New Dinar Rate | Iraqi Dinar...

The controversy over foreign banks’ acquisition of the “Iraqi Dollar Auction”.. A ​​comprehensive explanation of the reasons

 The controversy over foreign banks’ acquisition of the “Iraqi Dollar Auction”.. A ​​comprehensive explanation of the reasons

2024-07-14

The controversy over foreign banks acquisition of the Iraqi Dollar Auction.. A ​​comprehensive explanation of the reasonsAlsumaria News – Economy

The researcher in banking and economic affairs, Mustafa Hantoush, reviewed today, Sunday, the reasons for foreign banks’ acquisition of the largest percentage of shares in some banks inside Iraq and their acquisition of the currency auction as well, as the strengths of these banks are that they are owned by foreign banks capable of opening accounts easily in accordance with the standards of American banks that supply the dollar.

Hantoush told Sumaria News, “Some foreign investors and foreign banks have obtained more than 51% of shares in some banks inside Iraq, despite the fact that the Companies Law prohibits giving the foreign investor more than 49%.”

However, Hantoush reviewed the existence of a “legal loophole” that enabled the Central Bank to grant foreign investors larger percentages than stipulated in the Companies Law, noting that Article 107 of Banking Law 94 of 2004 gives the Central Bank’s Board of Directors the authority to determine the percentage of foreign investor ownership in banks without being bound by general laws.

He considered that this paragraph is not supposed to mean that the percentage should be more than 50%, but rather that it should be less, but the loophole is that the legal article gave absolute authority without addressing that the percentage should be less or more than 49%.

He explained that “there is no granting of a share larger than 50% in the world except in countries where there is a high circulation of funds, considering them bankrupt countries that do not possess wealth that they fear will be controlled by foreign banks.” He explained that

“according to this strategic mistake, foreign banks were given more than 60% of the shares in banks inside Iraq Today, we have begun to observe the fruits of this mistake, when the American side noticed the existence of currency smuggling and trade operations with Iran. Syria and set conditions of compliance, failed Central Bank of Iraq And Iraqi banks by applying the standards or the possibility of opening accounts for Iraqi banks in American banks to achieve control and finance their accounts in dollars.

He pointed out that “when this happened and the arena became empty of Iraqi banks capable of taking on this role, these foreign banks operating in Iraq And through the governors of the central banks of the countries of origin of these banks, they presented themselves as a solution to Washington instead of presenting themselves as a mediator between Iraq And America.”

He stressed that “indeed, American banks relied on these foreign banks operating in Iraq And they opened accounts for them in Citibank And JPMorgan, to their parent banks in other countries, which own the largest part of these banks within Iraq Although these banks are in Iraq Its work does not rise to achieve 5 points in the international standards, but it relied on its parent banks located in other countries.”

Accordingly, Iraq Now I take the dollars he has in the US Federal Reserve, and through them I finance the accounts of these banks that are open in my pocket accounts. Morgan And Citibank From there, the dollar is transferred to the rest of the world for Iraqi traders, and the traders deposit the dinars in Central Bank of Iraq He explained that “Iraqi banks cannot perform this role because they cannot open accounts in Citibank My pocket Morgan “Because it does not have branches in countries that the American banking system trusts, and the Central Bank of Iraq failed to guarantee Iraqi banks against American banks, and succeeded earlier in 5 banks but they only lasted a month and then these banks were punished, and they too were guaranteed by Jordanian banks.”

He stressed that “it is not possible to rely on foreign banks to manage the Iraqi banking system, this model failed in India because of its reliance on the foreign banking system, as the foreign bank gives profits to its parent branches abroad, and does not reinvest the profits here inside Iraq”, calling on the Central Bank to “find a solution to trade with Iran and Syria…and strengthening the Iraqi banking system and guaranteeing it before American banks and opening accounts for Iraqi banks to experiment with American banks.

alsumaria.tv