"ALAQ GIVES PARLIAMENT CRUMBS." BY FRANK26, 6 AUGUST

 KTFA

FRANK26:"ALAQ GIVES PARLIAMENT CRUMBS."....F26

 

Central Bank Governor explains reasons for dollar price fluctuations: 85% of remittances do not pass through the US Federal Reserve

8/4/2024

 

 Baghdad

The Governor of the Central Bank, Ali Mohsen Al-Alaq, revealed today, Sunday, the reasons for the fluctuation of the dollar price, noting that 85% of transfers do not pass through the US Federal Reserve.

A statement by the Parliament's media department received by (Mawazine News) stated that "the governor of the Central Bank provided a full briefing on the reasons for the fluctuation of the exchange rate, the mechanism of the electronic platform and its role in controlling internal and external trade, in addition to the housing initiative file, US sanctions on Iraqi banks, and the status of the foreign currency reserve at the Central Bank." Al-Alaq explained, according to the statement, that "Iraq's foreign currency reserve is sufficient to create balance in the market," indicating that "the Central Bank sells more than $250 million daily to meet the requirements of foreign trade."

LINK

LATEST FROM TEXAS SNAKE, 6 AUGUST

TEXAS SNAKE

More positive steps forward today but the NDA's are really reducing our info, but we are closer.

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TEXAS SNAKE

Texas Snake, [07/20/2024, 7:09:56 p. m.]:

I am very much looking forward to a phone call at the end of our church Bible study class in the morning based upon all the issues I have had presented to me today, hopefully the banker will finally have a window with a specific date.

Texas Snake, [07/20/2024, 9:08:21 p. m.]:

Text just recv'd from banker indicating the anticipated message may come in a little later in the day but he would advise ASAP after he gets it.

Everyone please remember our Sunday is there Monday

Texas Snake, [07/21/2024, 10:04:04 p. m.]:

Well folks the bankers message at 10:12 this morning was that all things seem to be coming together but at present he had no final commitment, he just text me that he anticipates further word in the next day or two.  Will keep you informed as I receive further details.

Texas Snake, [07/22/2024, 9:02:02 p. m.]:

The banker is traveling back to Texas on Wednesday and is hopeful for a Thursday announcement with appointment scheduling to follow thru the weekend, we shall see

Texas Snake, [08/02/2024, 7:38:01 p. m.]:

Well folks never have suggested dates or rates but I am really looking forward to this weekend.  GOD Bless everyone

Texas Snake, [08/02/2024, 9:47:57 p. m.]:

Well folks things are looking better and better for us, say your prayers and praise our abilities to truly make a difference.......

Texas Snake, [08/03/2024, 7:12:43 p. m.]:

It is presently 3:10 AM in Bagdad Monday morning and additional info is coming forward over and above what was shared on the Conf Call I was included in last night.  Still very encouraged about tomorrow in US as well as this coming week.

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TEXAS SNAKE

Well folks never have suggested dates or rates but I am really looking forward to this weekend.  GOD Bless everyone

I am waiting on a CC but you are welcome to add ypur views

TEXAS SNAKE

Texas Snake, [07/31/2024, 8:12:51 p. m.]:

While I was advised about this time yesterday that an announcement at midnight EDT we would be advised the RV would begin, this info could not be confirmed so I didn't share.  As usual no such announcement was forthcoming.

  All I can say folks all provisions for RV exchanges are completed relative to those trained to complete the exchanges and we continue to move forward.  

We are closer each day so stay strong and continue to pray this..FOR READ MORE: https://dinarevaluation.blogspot.com/2024/08/rv-update-by-texas-snake-2-august.html

LAST REPORTS OF TEXAS SNAKE: 

RV UPDATE BY TEXAS SNAKE, 2 AUGUST

https://dinarevaluation.blogspot.com/2024/08/rv-update-by-texas-snake-2-august.html 

"WE ARE CLOSER EACH DAY" BY TEXAS SNAKE, 1 AUGUST

https://dinarevaluation.blogspot.com/2024/08/we-are-closer-each-day-by-texas-snake-1.html 

RV UPDATE BY TEXAS SNAKE, 23 JULY

https://dinarevaluation.blogspot.com/2024/07/rv-update-by-texas-snake-23-july.html

Iraqi Dinar : Some Big News Coming Out Of Iraq - Dinar News Today .

"UST WORKS WITH THE CBI TO CLEAN IRAQI BANKS" BY FRANK26, 6 AUGUST

 KTFA

FRANK26:"UST WORKS WITH THE CBI TO CLEAN IRAQI BANKS"...........F26

The Governor of the Central Bank chairs the meeting of the Supervisory Committee on the Restructuring Process of Rafidain Bank

August 05, 2024

The Supervisory Committee for the Restructuring of Rafidain Bank met, headed by His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, and attended by the members of the committee from the Ministry of Finance, the advisors to the Prime Minister, and senior staff at the Central Bank of Iraq, in addition to the presence of the global consulting firm (Ernst & Young).
The progress of work on the plan adopted by the government in coordination with the Central Bank was reviewed within the framework of the expanded program to reform the banking sector, improve its performance and services, and achieve financial stability.
The attendees discussed the process of organizing the administrative, financial, and technical structure of Rafidain Bank, to move towards the best global banking practices.

It is worth noting that the aforementioned committee holds a monthly meeting headed by the Prime Minister to present a presentation on the steps taken, monitor the progress of the process, and provide guidance on it.

Central Bank of Iraq
Media Office
August 5, 2024

 

https://cbi.iq/news/view/2631

LATEST FROM CLARE, 6 AUGUST

 Clare 

 Article:  "Al-Sudani reviews the readiness of the general census in Iraq.. 120 thousand researchers in service" 

 Quote: "Al-Sudani was briefed during the visit on the latest procedures related to conducting the general population and housing census, scheduled to be conducted next October."

 Article: "Arab currencies top the list of the strongest in the world.. Is the Iraqi dinar among them?" 

 Quote:  "Four Arab currencies top the list of the 10 most powerful currencies in the world out of 180 currencies recognized by the United Nations...

1. Kuwaiti Dinar: equivalent to 3.27 dollars...

2. Bahraini Dinar: 2.65 dollars...

The Bahraini Dinar is pegged to the US Dollar and is used exclusively in Bahrain, which has a large expatriate community... 

 3. Omani Rial: 2.60 dollars. 

 4. Jordanian Dinar:  1.41 dollars.  

5. British Pound: 1.26 dollars. 

 6. Gibraltar Pound: e1.26 dollars.

  7. Cayman Islands Dollar: $1.20.  

8. Swiss Franc: 1.14 dollars.  

9. Euro: 1.08 dollars. 

 10. US Dollar: $1.00."

BREAKING NEWS!! IRAQ and the WTO accession, They Have Met All Requirements

Central Bank of Iraq Takes Over Zain Iraq Islamic Bank!