"YES... THE FLOAT WILL DEPEND ON THE IRAQI STOCK EXCHANGE." BY FRANK26, 27 JULY

 KTFA

FRANK26: "YES... THE FLOAT WILL DEPEND ON THE IRAQI STOCK EXCHANGE."..........F26

 

The role of the Iraq Stock Exchange in supporting monetary policy in Iraq

July 23, 2024

 

Lawyer and banking expert Saif Al-Halfi

The world is now moving with rapid steps racing with the wind in the role of stocks supporting monetary policies, especially since the old classical theories considered that stock markets are not among the tools of monetary policy. This concept reflected a traditional understanding where monetary policy focused on tools such as interest rates, monetary facilities, and banks’ cash reserves.

The development of theories and the difference in models of economic studies differ with the development of research, studies and the financial market from one country to another. It is difficult to make a theory applicable to all countries and different economies, from emerging economies to more complex economies. Because of this dialectic based on trying to understand and establish the nature of the relationship between financial markets and monetary policy, which has become more evident in many countries.

Stock markets have become part of the general economic strategy of governments and central banks, especially after the introduction of the idea of ​​cryptocurrencies and digital banks, as they directly affect consumption, investment and economic confidence.

Iraqi market

In the case of the Iraqi model and long years of economic stagnation as a rentier economy that depends primarily on oil to finance its annual budgets and the state of price speculation on the stability of the dollar exchange rate in local markets or what is known as the parallel dollar situation, we can look at the Iraqi Stock Exchange as a tool supporting monetary policy and influencing the state of the rentier economy. This is done through:

 

1- Encouraging local and foreign investment. The stock market can be a quick and important means of attracting local capital, especially cash in circulation, and trying to return it to banking incubators and investing it in short-term investments through price maneuvers on the shares of emerging companies listed on the Iraq Stock Exchange or long-term investments by pumping these cash blocks into the shares of profit generating companies, which are companies that regularly achieve rewarding annual financial profits. Thus, it enhances the idea of ​​withdrawing the accumulated cash liquidity and returning it to banking incubators in a way that reduces immediate and temporary speculation on the parallel dollar in the local market.

It also creates real opportunities for foreign capital moving between emerging markets to enter, which provides them with the opportunity for quick entry, profitable investment and safe exit.

2- Diversifying the economy from excessive dependence on oil. The stock market can be used to encourage local and international investments in sectors that create greater economic diversity than usual and a state of rapid sales and price maneuvers for shares of promising companies in Iraq.

3- Absorbing liquidity: The stock market can play an important role in absorbing excess liquidity in the economy, which helps control inflation. This depends on the ability of the Iraqi market to be quick in price transactions, buying and selling through the shares of the companies listed in it, and pressuring brokerage companies to apply and activate the latest smart systems and phone applications for daily sales and contracts executed in it, as well as encouraging the publication of financial data for Iraqi companies on international platforms that encourage understanding the culture of Iraqi company shares.

One of the most important economic theories that support that financial markets can be an effective tool in monetary policy is the Wealth Effec theory, which is summarized and almost consistent with understanding the dialectic of the Iraqi economy and the stock market economy. More consistent with the Iraqi model is the Wealth Effect Theory, written by Gregory Mankiw. Its summary is that the rise in the value of financial assets among individuals gives them an incentive to withdraw money and re-inject it into purchasing new assets and stocks in order to increase wealth and gives them a feeling of wealth, which prompts them to spend on consumption and develop the national economy.

In conclusion, all these theories and studies support the idea that financial markets can be an effective and successful tool in achieving economic stability and enhancing growth, especially in emerging markets such as Iraq. If the Iraqi stock market is exploited in the right way that attracts local and international investments, it can help diversify the Iraqi economy and create new opportunities that drive economic integration in Iraq, making the Iraqi Stock Exchange a valuable tool for monetary policies.

Lawyer and banking expert Saif Al-Halfi

 

LINK

Q & A - How will people who live in other countries outside of USA receive notice? 800 numbers don't work there? BY GINGER, 27 JULY

 Q & A - How will people who live in other countries outside of USA receive notice? 800 numbers don't work there?

(This answer is only for those talking the traditional route to receive notification. If you're in LWS and awaiting private contact, you can disregard this if you want to as it would not apply to you, per se.) 

💢A: For RV speculators outside of the USA, please disregard the "800#" bc it will NOT APPLY to any country that doesn't use 800#s. Plain and simple - there will be no reason whatsoever for you, in Australia, Asia, Europe, Africa, etc to call a USA #. THIS IS A GLOBAL EVENT. So, you'll receive the appropriate number for you to call in your home country where you are. 

To be very clear, Redemption Centers abound here in the USA. However, we're told that actual Redemption centers will be very few and far between in other countries. You will be able to complete your Redemption appointment at major banks, who are working in cohesion with your country's Treasury Department (which has your country's gold / asset reserves). 

This is the number you will be given.  A number to an authorized banking institution that is SAFE (partnership with the Alliance) for you to complete your exchange. You'll give your postal code (or zip code)  - (any/every country) and you will be given the contact information to point you in the right (and safest) direction. 

You might receive a direct email which will give you (in YOUR COUNTRY) the right 'call center' to contact. Due to the language barriers, no.... I absolutely do not expect every single RV participant to be directed to a USA Call Center (appointed by Alliance/ UST) when they live in other countries. It would be close to impossible for them to staff ppl who are multilingual - in which every single country is represented. But it makes sense if you are contacted directly, via email, with a contact in your country whom you can reach out to.  If the SafeLink website is indeed a factor in this, it makes sense that you will provide proof of your identity by answering key questions  - proving you ARE YOU,  then given a number of an appropriate bank who can handle your exchange/redemption.  The VPN on your computer/device can also be used to identify what phone number in what country to provide for you, personally. 

It's equally important to note that in the USA only a Redemption Center will be able to accommodate Zim Bond Notes Redemption AND regular exotic currency exchanges. IF someone ONLY has currency and zero Zim, they may freely go to any bank which participates in foreign currency exchange to complete their transaction. This is not the case in other countries!  Because there will be very few actual "Redemption Centers" - you WILL BE ABLE TO EXCHANGE & REDEEM BOTH FOREIGN CURRENCY AND ZIM at major, participating bank locations. Again, you must sit back and wait to see how you'll be notified. Email with the SafeLink website will be a perfect solution for you. But the bottom line is, you'll be given an appropriate number to call in your location, where you can be steered in the right direction. 

It's not all about the USA! And the advice you are getting (from the gurus) should not be thru the vein of "all about the USA" either.  It makes no sense that a RV speculator - or a humanitarian  in Timbuktu would have to call a call center staffer in middle America to learn how to make a Redemption appointment. The Alliance is smarter than that!! They know who you/we humanitarians are!  You will not be left out. Please hang tight and wait. We'll all offer direction as we can.  I hope this helps. 

We're in this together. ❤️🙏❤️

Critical Update: Patreon Dinar Investor

"SUDANI WILL GIVE THE CITIZENS THE MONETARY REFORM WHEN ITS COMPLETED & HE TELLS THEM THAT DIRECTLY, AS HE CALLS OUT THE CORRUPTION THAT STEALS THEIR MONEY!!!" BY FRANK26, 27 JULY

 KTFA

FRANK26: "SUDANI WILL GIVE THE CITIZENS THE MONETARY REFORM WHEN ITS COMPLETED & HE TELLS THEM THAT DIRECTLY, AS HE CALLS OUT THE CORRUPTION THAT STEALS THEIR MONEY!!!"............F26 

Why is the exchange rate of the Iraqi dinar fluctuating against the US dollar in the parallel market?

7/26/2024

Written by Samir Al-Nusairi 
 
Since 12/19/2020 when the exchange rate was adjusted by the Central Bank under pressure from the previous government until the present time, the exchange rate of the dinar has continued to fluctuate up and down in the parallel market even after it was adjusted again in 2023 despite the efforts made by the monetary authority and the government in taking many measures at the local and external levels.

Citizens, specialists and experts are wondering about the reason behind this?

To be neutral and stay away from the analyses and media statements of specialists and non-specialists, and because we are close to the reality of the real effort made by the Central Bank and the government and the information available to us, we can say from the latter that the stability of the exchange rate in the parallel market will remain in a state of fluctuation until the completion of the measures currently taken to implement the stages of financial and banking reform specified in Axis Twelve and Articles 1 to 7 and the daily efforts made by the Monetary Authority to complete the regulation of foreign trade financing and enhance and reform the government and private banking sector, which focus on compliance with international standards and agreements and ongoing negotiations with the US Treasury and global banks and the completion of the selection of the international auditing company to audit foreign transfers for banks to enhance their balances in foreign currencies that deal in other than the US dollar and the completion of the final agreements with Chinese correspondent banks to start dealing in the Chinese yuan after the temporary suspension of foreign transfers with China, as well as helping private banks to find correspondent banks to deal with them after the Central Bank’s decision to cancel the electronic platform inevitably during this year, and that the information confirms that there will be a breakthrough very soon by completing the above procedures and finding other new correspondent banks to deal in the UAE dirham and the euro as well Efforts are ongoing with the US Treasury and the company tasked with auditing the foreign transfers of the sanctioned banks in order to lift the restrictions on them using the US dollar. What also needs to be completed to reform the private banking sector is the decision to merge the banks that wish to do so, as well as the weak and struggling banks in order to reach the real size of banking activity, which covers the actual need for economic requirements. In addition, there is the urgent need to restructure some departments of the Central Bank to sustain work when the electronic platform is cancelled. The important measure that the government is responsible for is to stop illegal imports and cancel unofficial border crossings.

We must not forget also, clearly and accurately, that there is an organized lobby working against achieving monetary stability, led and implemented by multiple parties linked to speculators and corrupt people who have a special agenda to weaken the national economy and harm it by fabricating short-sighted and paid-for news, statements and economic analyses and transforming them from reassuring news for the market and citizens into news that confuses the market and creates panic among citizens. This is what is actually happening now, which requires clarification. 

Here for about ten years, and especially after the financial and security shocks in mid-2014, the culture of relying on the Central Bank to confront economic and financial crises and challenges has taken root. This is done by using its own monetary policy tools and methods to overcome the government's lack of liquidity and its inability to pay salaries and fail to implement its government programs by relying on foreign exchange reserves, which are not in fact the government's reserves, but rather the Central Bank's reserves to control the stability of the exchange rate, according to the target and cover the local currency in circulation and cover imports. Due to these accumulated crises, the Central Bank was previously forced to lend the government about 46 trillion dinars over the past years, which reflected this policy on the national economy being exposed to
 complex problems, and the solution is always the Central Bank, and it is also burdened with the problems of other concerned parties, and this is not its primary role, as it is not responsible for the deficit in non-oil revenues, the deficit in the balance of payments, the deficit in the trade balance, and it is not responsible for the rise and fall of global oil prices.
Therefore, foreign exchange reserves rose and fell due to these wrong policies that are not based on clear and specific economic strategies and approaches.

Therefore, the return of stability in the exchange rate to its targeted and balanced rates will be achieved with the support of the relevant authoritiesin the government by activating other productive sectors, reforming the financial and banking sector, and formulating clear financial policies in coordination with the monetary policy, its applications and currently approved tools, and overcoming the challenges of achieving economic stability. This means achieving stability in the financial and monetary system. This is not only the duty of the Central Bank alone, but rather it is a fundamental duty of the financial policy and the government's methodology in managing the economy, activating sources of national income other than oil, supporting, protecting and encouraging local production, and generalizing the activation of dealing in the Iraqi dinar in all internal monetary trading activities and expanding the use of electronic payment methods whenever possible.

 My expectations for the exchange rate to return to stability will return after the completion of the reform, regulatory and negotiation procedures, and this does not take a long time.

LINK

Q & A - Exotic currencies exchange BY GINGER, 27 JULY

 💢Q & A - Exotic currencies exchange

💢Q: GJ: Hi Ginger, I have Vietnamese Dong . I don’t have any type of humanitarian plan. Will I need an appointment to exchange for dollars?

💢A: Hi there G!!! Let's help you out with that. Okee dokee -- with having just Vietnamese Dong , here's the scoop. Any major bank which handles foreign currency exchanges will certainly be able to accommodate your request for exchange to dollars. You do not need to go to an "official Redemption Center" as that's only needed for Zim (➡️ plus other exotic currencies)... But, depending on HOW MUCH DONG YOU HAVE, yes, sir, you'll need to set up an appointment.

Stay with me ... Let me explain... 😉

Being IF YOU HAVE A LOT OF DONG to exchange, you'll foreseeably be placed in the category of a high net worth individual rather quickly, right? So, you do not want to do this kind of exchange at the typical counter, and the typical bank with a typical teller. Why? Because you absolutely Do NOT want others in the bank (customers in ear shot) observing this transaction. That could be very unsafe for you, sweetheart. 

Therefore, the solution will be to create an appointment for your exchange of Dong with the bank - and they will set you up with what's called a Private Client appointment -- this is the kind of experience reserved for high net worth individuals, you see. You will have your session perhaps upstairs in another office, away from the ear shot and watching eyes of other clients and even employees. You will be tucked away, sequestered from all spying eyes. This is a more "cushy experience" too where you might even have the "red carpet treatment", offered a seat and a beverage -- you get the idea. Basically you will be treated like a high net worth individual and kept more safe than just the "lobby experience" that ALL of us have gotten our whole entire lives. 

🔰For all who are reading -- this scenario I give is for any who hold ONLY exotic currencies - and this applies to you if you have a project OR Not (doesn't matter). Please be advised, if you have ZIM Bond Notes, you must Redeem your Bonds and exchange all your exotic currencies at the same time at a Redemption Center (which could possibly be a top tier 1 bank that has office space repurposed for this event, especially.) Again, the Private Client experience would apply to you as well. Appointment required. Walk-in absolutely ill-advised. 

I hope this helps 🙂✅

~ Ginger of the Liberty Lounge

U.S. To Hold As Much Bitcoin As Gold? Why Marathon Digital Just Bought $...

PARLIAMENT TRIED TO ADD 15 TRILLION DINARS TO THE BUDGET SO THEY CAN STEAL IT... BUT SUDANI STOPPED IT!!!" BY FRANK26, 27 JULY

 KTFA

FRANK26:PARLIAMENT TRIED TO ADD 15 TRILLION DINARS TO THE BUDGET SO THEY CAN STEAL IT... BUT SUDANI STOPPED IT!!!"............F26

15 trillion dinars raises controversy in the budget

7/26/2024

The manipulation of the budget has sparked controversy between the government and the House of Representatives.

 

Economic expert Salah Nouri told {Euphrates News} that: "It is too early to analyze the amount of {15} trillion dinars, as it is now the subject of controversy over falsification of the budget tables between the House of Representatives and the government." 
Salah added, "Assuming that there is an increase of this amount in the operating budget, it increases the budget deficit, and increasing the deficit is a step towards a liquidity crisis."

The Parliamentary Finance Committee revealed, yesterday, Wednesday, different budget tables before and after its approval, with a difference of 15 trillion dinars.

Committee member, Moeen Al-Kazemi told {Euphrates News} that the budget tables that arrived from the Council of Ministers and were approved inside the parliament are the same as the government tables; therefore, the letter that we received from the Council of Ministers that the tables that were referred after the vote have a difference and a large difference in some chapters that reach 15 trillion dinars.

He added that the spending budget amounts to 211 trillion dinars; but the tables that were signed by the Parliament Presidency and sent to the Council of Ministers read 226 trillion dinars.
Al-Kazemi explained that the Prime Minister's Office sent the table signed by the Parliament Presidency, which included: 
- An increase in the amount of the ration card by 5 trillion dinars.
- Increase in oil revenues by 5 trillion dinars.
- Reduce fees by 5 trillion dinars.
- In addition to financial increases for the Ministry of Electricity and some governorates.

Raghad

LINK