Monday, July 22, 2024
Parliamentary Finance: Iraq Adopts A Vision To Increase Its Reserves With The Central Bank, 22 JULY
Information/Baghdad… A member of the Finance Committee, Mudar Maan, confirmed on Friday that Iraq had increased its balance in what he called a safe haven. Maan said in an interview with Al-Ma’louma,
“Iraq has adopted a good strategy in diversifying the financial reserves it has in the Central Bank, especially gold, the balance of which has risen according to the latest readings to about 150 tons.”
He added, "There are three positives to Iraq's strengthening of its gold balance, the most notable of which is
confronting the fluctuations of the international financial markets. It also represents a
desirable guarantee in the markets, in addition to
strengthening the country's financial capacity."
He pointed out that "Iraq is adopting a vision to increase its reserves with the Central Bank, expressing his hope to move to dealing in a diversified basket of currencies and
committing to setting sufficient reserves that will make us more capable of facing any financial fluctuations in global markets."
It is noteworthy that gold reserves in banks affect financial dealings by adding another advantage to the strength of the currency and the economy and the possibility of resorting to them in times of need.
IRAQ BOOTS ON THE GROUND REPORT BY FIREFLY, 22 JULY
Frank26
[Iraq boots-on-the-ground report]
FIREFLY:My bank guy said when the zeros come off the exchange rate it's going to change the value of our currency and then your brother who is in the Untied States of America, they can exchange their notes with the 3-zeros after the RI takes action.
Iran Reveals How It Gets Dollars For Gas Exported To Iraq, 22 JULY
Economy 2,424 views Alsumaria News – Economy The Iranian Agriculture and Natural Resources Committee revealed, today, Saturday, the mechanism by which Iran obtains dollars in exchange for gas exported to Iraq, despite the American sanctions.
Iranian parliamentary committee member Ali Akbar Alizadeh told the newspaper "Ettelaat", followed by Sumaria News, that at the beginning of the 13th government (Raisi's government), gas exports to Iraq reached the lowest possible level, but with the redesign of energy trade, the relationship with Iraq developed, and a contract was signed to export gas to Iraq for 5 years.
He added, "In a settlement with Iraq, we also found a new way to clear with fuel oil, by replacing Iranian gas with Iraqi fuel oil," noting that "due to the activity of our private sector in selling fuel oil, we obtained a high income from foreign currencies, and in this way, we strengthened the clearing settlement system." LINK
RV UPDATE BY MARKZ & MILITIAMAN, 22 JULY
MarkZ & Militia Man
MarkZ: ...this week there are television ads being run in Iraq about the “delete the zero” project? And they are doing this internationally - I think that is important. Many people left Iraq during the wars and have settled elsewhere in the region. So doing those ads internationally are for those citizens. IO that is huge
Militia Man: Obviously Iraq is trying to reach out to the people and share with them some education about how the “delete the zeros” works...I have a translator who reads and writes Arabic fluently…and they say this ad is the real deal… Part of a campaign of awareness and released in several countries...Like Al Alaq said in July of last year. The project to delete the zeros still exists...the emphasis is that it’s all positive and they are going to do something with their currency.
----
"TIDBITS OF MILITIAMAN AND MARKZ CHAT " FROM GINGER TELEGRAM ROOM, 25 MAY
GINGER
MM: To me it’s no coincidence that Iraq has done all their different advancements and that Sudani is going to launch his development road projects on May 30th. so Sudani was telling the world he was going to do something in the month of April – and he did it.
MM he said in the past that the dinar was going to be stronger than the dollar. And , we are expecting that.
MZ: and yesterday Sudani said they were starting the second phase of their economic reforms.
MM: And at the bottom of an article yesterday he said they were about to strengthen the dinar.
MZ: To strengthen the dinar is to add more purchasing power and be stronger than the dollar. For it to be stronger than the dollar it has to be worth more than a dollar.
MM: yes.
MZ: People want to know if they can drag this out until next year?
MM: We don’t know the timing. But, I don’t think we are even close to go that long. There is way too much going on in the world and this is not only about Iraq. Remember all boats rise with the tide.
MZ: Things are finally getting tangible enough that I can be excited.
MM: This is an amazing event that we are watching unfold.
Member: Thank you so much MM and Mark
Be sure to listen to the full replay for all of MilitiaMan’s information and opinions.
MZ: This one is important. “Increased capacity in Iraq’s refineries “ They are coming up to speed to produce all of their domestic petroleum needs. $25-$30 millions of dollars worth of gas per day . This is gas for pumps and cars. They are ready to be an exporter of gas. This is new for Iraq and key for their economy.
MZ:” Zimbabwe applies for ISO code for ZIG currency” To be international. I think this is a big one.
Member: Okay all, Let’s Be Of The Highest Vibrations! The Universe is listening and will give you more of what you say! If you say you’re tired, you get more tired. The Universe Always Says Yes!!!
Member: Julie Green A turn around coming, per God's prophetic word. Says get ready!
Member: Thank you MarkZ for all you do for us to keep us informed and an early Happy Birthday to you
(MarkZ’s Birthday is tomorrow)
Member: Mark so they tell me it’s your birthday so happy birthday darling May you live may you love May all your dreams come true Happy Birthday to you……God Bless
MZ: Thank you for the pre birthday wishes.
https://dinarevaluation.blogspot.com/2024/05/tidbits-of-militiaman-and-markz-chat.html
TIDBIT FROM FRANK26, 13 NOV
Frank26 The monetary reform policy is being introduced to you Iraqi citizens on a daily basis isn't it. It's is my hope. It ...
-
Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
-
Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...
-
JENTEL RV UPDATE RV NEWS- AA Uriel Payments are being received. They started yesterday in other countries. To meet today's requireme...