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Adviser To The Prime Minister: (Injaz Bonds) Encouraged Safe Investment Of Public Funds, 28 JULY

Economy     Baghdad - IA - Nassar Al-Hajj   Thursday, Advisor to the Prime Minister Mazhar Muhammad Saleh identified the importance of Injaz bonds, while clarifying the nature of government borrowings. Saleh told the Iraqi News Agency (INA):

“The annual general budget usually hedges during implementation against some slowdown in cash flows for temporary and emergency reasons,” indicating that
 
“on this basis, the budget is hedged by resorting to short-term borrowing by issuing annual treasury transfers.”
 
With a specific interest rate, commercial banks invest their money mostly in holding these sovereign bonds to ensure the sustainability of cash flows to the general budget.  He added,
 
"Short-term government borrowings are called bridge loans and are practiced by the financial authorities in accordance with the budget law at all times and places," noting that
 
"the general budget policy today, in its investment aspect, is moving towards ensuring the availability of a stable financing lever that guarantees the continued implementation of the country's investment budget items from non stop".  Saleh continued,
 
 “The announced issuance of the (Injaz Bond) amounting to 1.5 trillion dinars  targets the public’s savings, 
especially those dormant balances that lie outside the banking system and outside the mechanisms of the national savings cycle, 
which is consistent with encouraging the virtue of the public’s safe investment of its cash balances and with high-guarantee and high-yield sovereign debt instruments.”
 
At the same time, it facilitates the trading of these financial instruments (the completion bond),
 
     buying and selling in the secondary financial markets, and
 
     provides the bond holder with the ability to convert the debt instrument (the completion bond) into cash at all times when needed, with ease and high guarantee.”    https://www.ina.iq/213372--.html   

RV UPDATE BY FRANK26, 28 JULY

 Frank26 

 The HCL is the...mechanism the bad guys in Iraq are using to delay the monetary reform.  They used the budget but they got caught on that.  They changed the numbers.  

 It is an RI, a reinstatement...those that...insist this is an RV you're ignorant.  This is not an RV...This is a reinstatement.

A lot of people get confused.  It's like stepping in quicksand.  You see, the lifting of the zeros from the exchange rate is a little different from the lifting of the three zeros from the currency, fiat, physical.

   Frank26  

The direction that the monetary reform is going is in the direction to add value and introduce new lower denoms and to change the exchange rate and then to float.  That's the step we're in. 

 We're not in a step where we need to pass laws.  We're not in a step where we need permission from anybody over there, over here, over there - United Nations Security Council, the Untied States Treasury, nobody.  We're at the point where Neil Armstrong is just about to put that right foot on the moon.

Is Chase...Wells Fargo, or any bank going to exchange your dinars into dollars? 

 Ain't no bank going to exchange your dinars into dollars.  Ain't no bank got that kind of money.  Chase will introduce you to JP Morgan...JP Morgan is going to take your dinars and they're going to send them to the US Treasury.  They're going to give you the equivalent of what you should receive in American dollars into your account.

Question: "If the rate is $3.22 and you go to the bank and exchange a 25,000 note in American dollars how much will that be?"  $3.22 times 25,000 friend.  

https://dinarevaluation.blogspot.com/2024/07/rv-update-by-frank26-25-july.html

Iraqi Dinar : Don’t Be Fooled - The Real Reasons The IQD Dinar Won’t Rv:...

The US Federal Reserve Adopts A New Strategy Towards Iraq.. The Dollar Is Threatened To Rise To Unprecedented Levels, 28 JULY

 Economy     2024-07-25 | 7,697 views  Alsumaria-special   Economic researcher Ziad Al-Hashemi revealed new information about the US Federal Reserve’s policy towards Iraq, anticipating a rise in the dollar against the dinar, which will generate great pressure on the Iraqi banking system.  Al-Hashemi told Al-Sumaria News,

 
“Some information from within the corridors of the Central Bank of Iraq indicates that the US Federal Reserve has adopted a strategy different from its previous strategies towards the Iraqi economy,” noting that  “this strategy will be more stringent and depend on three axes:

The first axis: The continuation of punishing the previous banks, and
 
there is no lifting of the sanctions against them, meaning that
 
these banks will continue to be prevented from trading in the dollar indefinitely.
 
The second axis: closing banks that continue to violate federal controls related to money laundering and dollar smuggling, and supporting sanctioned entities and countries.
 
The third axis: Preventing the Iraqi government from interfering in the dollar file, and that
 
this file be in the hands of the Central Bank of Iraq only.  He stressed that
 
"the last axis explains that the Federal Bank monitored the presence of political influences from the Iraqi government," pointing out that
 
"the Iraqi Central Bank today is in a very embarrassing situation and is almost in trouble through internal pressures on it to obtain a larger space for the dollar and its circulation."  He stressed,
 
"The Central Bank will only have the ability to delay and postpone federal procedures for the longest possible period of time, while achieving temporary protection for the Iraqi banking system and the Iraqi dinar."  He stated,
 
"The American Federal Reserve will not be able to wait forever, and
 
it is expected that there will be federal measures that may occur at any moment, and
 
there will be a sudden and large demand for the dollar, which will lead to a decrease in the value of the Iraqi dinar against the dollar, which will generate great pressure on the banking system." "The Iraqi economy, the Iraqi economy, and the formal political system."    
 
https://www.alsumaria.tv/news/economy/494898/الفدرالي-الأميركي-يتبنى-ستراتيجية-جديدة-تجاه-العراق-الدولار-مهدد-بالار 

RV UPDATE BY MILITIAMAN, 28 JULY

Militia Man 

 Iraq's got a massive amount of dollar reserves/foreign reserves.  They've increased their gold supply...That suggests they're in good shape.   They've got some security and...stability.  I think everybody's starting to realize security and stability has been a big focus...It is coming to that stage where we're going to see more resulting in a far bigger way.

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Militia Man 

 All this time they've been doing all these meeting in Washington.  About 48 hours ago they have come up with an agreement...to reduce forces...Alaq went to Washington about 10 days ago, unannounced visit.   He met with the US Treasury and the US Federal Bank, had to do with exchange rates...other currencies...They're going to be talking about...banking, finance, development, sovereign guarantees ... Ultimately, Iraq is going to have bilateral relations in security with the U.S. in finance, development, all those things.

Militia Man 

 I think Iraq's pretty hot right now... Sudani...is kicking butt and taking names...Everybody's got an interest because the Development Road Project is going to provide a lot of opportunities for a lot of different people in the region.  The world has realized how far along he is... Sudani is knocking out of the park...He's setting the stage or the development road project to begin.  It's starting up on fire.  It's going to be great.

Militia Man  

They haven't started oil pumping and you have to ask yourself, why?  Because they need revaluation for that and I think that's what we're waiting for.  Is that some sort of delay?  I don't think so.  I think the inner connectivity of the most complex revaluation situation in the history of mankind...is complex.

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Militia Man 

 I think when they say, "Whose operations are constantly expanding in favor of dealing at the fixed official exchange rate", is an argument suggesting that instead of being a floating currency...they're leaning towards a fixed official exchange rate for some time...

 Iraq has been and is seeking to join the World Trade Organization...Iraq is promoting self-sufficiency.  Why? Because they have all kinds of assets.  They have inputs and outputs.  They have so many natural resources that they're going to be able to make things, to be able to have excess...There's a working party on accession of Iraq [into the WTO] on the 18th of July.  That's important.

https://dinarevaluation.blogspot.com/2024/07/latest-from-militiaman-10-july_0131313577.html 

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