"CBI GOV PLANTS MONETARY REFORM SEEDS ALL OVER THE WORLD!!!" BY FRANK26, 26 JULY

 KTFA

FRANK26:"CBI GOV PLANTS MONETARY REFORM SEEDS ALL OVER THE WORLD!!!".........F26 

Central Bank Governor discusses with UN Regional Representative the development of bilateral programmes

 

July 23, 2024

His Excellency the Governor of the Central Bank of Iraq, Chairman of the Anti-Money Laundering and Terrorist Financing Council, Mr. Ali Mohsen Al-Alaq, received the Regional Representative of the United Nations Office on Drugs and Crime for the Middle East and North Africa, Ms. "Christina Albertin" and her accompanying delegation. 

During the meeting, they discussed strengthening bilateral relations and completing the programs achieved between the two sides, especially with regard to capacity building in following up on criminal proceeds in accordance with international best practices.  The
guest delegation praised the efforts made by the Iraqi Anti-Money Laundering and Terrorist Financing Office in combating cross-border crimes, following up on proceeds, and strengthening the work of the internal, regional and international system.
It is noteworthy that Iraq is hosting the Second Baghdad International Conference on Combating Drugs, under the patronage of the Prime Minister, who made it clear in his speech during the conference that drugs threaten the stability of the region, and Iraq's vision towards combating them is not limited to the harm targeting its youth, but will be a factor in comprehensive instability in the region if neglected.

Central Bank of Iraq
Media Office
July 23, 2024

 

https://cbi.iq/news/view/2622

 

RV UPDATE BY PIMPY, 26 JULY

 Pimpy 

 Article: "Iraqi bank announces investment deposits with returns up to 10%"  that's a really good return...Imagine if 20 years ago you'd have made a deposit and been able to get back 10% back annually while it's just sitting there.  You'd have made a ton of money by now...

You see some of us have millions of Iraq dinars.  Let's just say for the sake of it

somebody like me, I got 5 million, I deposit it.  It's going to give me 10% return on my investment.  I'll take 500,000 Iraqi dinar back annually.  That's a nice little return.  And just let it sit there while I'm waiting...If the exchange rate changes I can always have them return it to me in USD.

 If you'd been holding on to your dinars for at least 10 years you have more than doubled your money.  That's not including any change to the exchange rate, because if the exchange rate changes, then you get that back once you cash out. 

 In other words if you tell the bank I'd like to get it in USD, they go, okay, no problem.  And please transfer that to my American account.  Just something to think about.  I may actually do this.  I'm going to reach out to them and see what it takes and what happens.  If I can get 10% on it annually I'll take it.  Heck I might buy more and deposit more.  Something to think about.

🛑LIVESTREAM....I ALMOST QUIT🫦 #iraqidinar #dinar #centralbankofiraq

"NO WORRIES... BANKS ARE OFFERING INCENTIVES TO COUNTER THIS!!!" BY FRANK26, 26 JULY

 KTFA

FRANK26:"NO WORRIES... BANKS ARE OFFERING INCENTIVES TO COUNTER THIS!!!"............F26

Government advisor points to weak cash credit ratio in Iraqi private banks

7/24/2024

 

The Financial advisor to the Iraqi government, Mazhar Muhammad Salih, explained on Wednesday that the ratio of cash credit to total deposits in private banks may approach the standard ratio of 75%, which banks should reach or at least approach. 

Saleh added to Shafaq News Agency that deposits are the basics of traditional banking.

He explained that the market share of 63 private banks does not exceed 15% of credit and deposit operations, while the government banking system accounts for 85% of banking activity.

In the same context, the International Development Bank announced the opening of investment deposit accounts with the aim of serving Iraqi families. 

The bank explained, in a statement received by Shafak News Agency, that these accounts offer returns of up to 10% annually, with a monthly payment and cash prizes within monthly draws. Deposit holders also receive free life insurance, facilities to obtain a loan with a deposit guarantee, and a free credit card.

The bank confirmed that the funds will be used to serve the national economy, with a guarantee from the Iraqi Deposit Insurance Company authorized by the Central Bank of Iraq, noting that deposits are one of the most important sources of funds at the level of the national economy and depositors.

Economic statistics show that the number of government banks in Iraq is 7 banks, while the number of private banks is 74 banks, which means that private banks constitute 91% of the total number of banks in Iraq.

LINK

LATEST FROM BIRDIEORBUST, 25 JULY

 BIRDIEORBUST

💢💥💥💥BOOM💥💥💥 There it is!! Birdieorbust, Liberty Lounger Extraordinaire, had this to say, commenting on Mark Z's morning podcast 7.25.24 ⬇️

💢 Birdieorbust: What I liked this morning the most on Markz was not the info or intel but the fact that someone called him out for vetting things before he spills it; and his response was awesome.. 

➡️ I do not do the rollercoaster thing and if you are looking for that go somewhere else...paraphrasiing of course not verbatim. This is why Ginger and Mark are my go to's for everything. 

💢 Ginger: HUGE props to Birdieorbust who is a very trusted voice in the Camper Event community. She's got incredible contacts, boundless integrity and she's totally on top of "all things GCR"! I count on her just as much as she counts on me. ❤️ Incredible lady ❤️

----

@Birdieorbust: 

6.28.24

What I can say is this: There is a load of pressure on Iraqis to remain quiet on what they are being told and what they are able to do at present. 

They have their rate - and all I can say is it is close to rumors you are hearing (the low ones however not the huge double digit ones) They have been using this rate for some time in contracts (IN country) since the first of the year basically.

Iraq is waiting on the Treasury to give the go sign...and the Gazette issue is also being kept quiet - but remember it is not necessary for it to be published - beforehand, in order for us to know before we go. Is it possible it will be before? Yes but not necessary. That is really all I can say without getting people in trouble and I refuse to do that.

----

BIRDIEORBUST

💢 Birdieorbust, Liberty Lounger Extraordinaire 💥 adds to the conversation as to what Frank surmised Al Sudani said to the Iraqi People. Remember, Birdie knows her stuff!! She's got family inside Iraq, (just as my other friend does, whom we've shared details from.) 7.11.24 

💢 Birdieorbust: I can tell you one thing Sudani said to them...

"This is not my fault. WE are waiting on the US Treasury." 

💢 Ginger: Remember the Mil Alliance and Celestial Alliance are pacing this out. 

I've told you all along - it matters not what the Guru News Network is saying. We're still waiting for the trigger event(s). When others were calling for notifications "today/tomorrow/this weekend", I told you it wasn't ready yet. I explained there was more to come. 

Watch for it. It's coming. Everything is pointing to the surge of action incoming. Just like the Celestial Alliance explained (Chronicles of an Ambassador Part 6) the domino effect will happen rapidly. Eyes - circumspectly. 

~ Ginger, Ambassador for God's Abundance with the Celestial Alliance ~ 7.11.24

https://dinarevaluation.blogspot.com/2024/07/latest-from-birdieorbust-from-ginger_01235018861.html

‘We Are Bankrupt’: Ron Paul On U.S. Debt Crisis, Secret Service Failure,...

"IRAQI CITIZENS SAY TO SUDANI... ARE YOU WATCHING US SIR?" BY FRANK26, 25 JULY

 KTFA

FRANK26:"IRAQI CITIZENS SAY TO SUDANI... ARE YOU WATCHING US SIR?".........F26

Iraqi banking system.. A significant increase in the number of bank accounts and the volume of deposits for citizens

7/24/2024

The banking system in Iraq is gradually regaining citizens’ confidence with the increase in the number of bank accounts in the country.

 

Banking systems around the world are facing increasing challenges in light of rapid economic and financial changes. To ensure the stability of these systems and protect depositors’ funds, many countries are moving towards joining the International Association of Deposit Insurers. This membership is not just a formality, but a strategic step that carries significant benefits for member countries and their banking systems.
In Iraq, economic and political challenges over the decades have provided a strong justification for keeping money at home rather than in banks. However, the accession of the Iraqi Deposit Insurance Corporation (ICDI) to the International Association of Deposit Insurers was a decisive step in improving confidence in the banking system. Since its accession, Iraq has witnessed a significant increase in the number of bank accounts and the volume of deposits, reflecting a significant improvement in citizens’ confidence in banks. This development enhances Iraq’s ability to attract investment and support economic growth by converting savings into productive investments.

In a world characterized by increasing economic and financial interdependence, countries cannot operate in isolation from each other. Membership in international deposit insurance bodies reflects countries’ commitment to international cooperation and exchange of expertise, and confirms their relentless pursuit of financial stability and the protection of depositors’ funds. This membership is not just a formality, but a strategic investment in the future of the banking system and the national economy as a whole.

International cooperation: the cornerstone of deposit insurance
International bodies provide a unique platform for the exchange of expertise and knowledge between member states. National financial institutions can benefit from the successful experiences of other countries in the field of deposit insurance, and avoid the mistakes made by some countries. This ongoing exchange contributes to the development and modernization of deposit insurance policies and procedures in line with international best practices. Joining the International Association of Deposit Insurers (IADI) enhances the transparency and credibility of the national banking system. A country’s commitment to strict international standards in the field of deposit insurance sends a positive message to citizens and investors, stating that their deposits with banks that are members of the deposit insurance system are in safe hands and that the banking system is subject to effective local monitoring and supervision. International bodies do not only provide a platform for the exchange of expertise, but also provide technical and advisory support to their members. National institutions can benefit from the expertise of international specialists in developing and implementing effective deposit insurance policies, assessing potential risks, and preparing for financial crises.

By adhering to international standards and implementing best practices, national institutions can reduce the risk of financial crises and enhance the stability of the banking system. This stability is not an end in itself, but rather a means to achieve broader economic and social goals, such as increasing economic growth rates and creating job opportunities. When citizens and investors trust the banking system, they are more willing to deposit their money in banks. This increased confidence leads to an increase in the volume of deposits available for investment, which supports economic activity and contributes to achieving sustainable development. The impact of membership in international bodies is not limited to enhancing financial stability and confidence in the banking system, but extends to supporting economic development. Increasing the volume of deposits available for investment can contribute to financing development projects, providing loans to small and medium enterprises, and creating new job opportunities.

Malaysia:
Malaysia joined the International Association of Deposit Insurers, which helped improve deposit insurance policies and increase confidence in the banking system. This accession led to an increase in the volume of bank deposits and greater financial stability, which contributed to supporting economic growth in the country.
South Korea:
After the Asian financial crisis in the late 1990s, South Korea joined the International Association of Deposit Insurers. International membership helped restore confidence in the banking system and stabilise the national economy, allowing South Korea to achieve a rapid economic recovery.

LINK