It will be proven that stocks are being bought by U.S. Treasury – Black Rock’s exchange stabilization fund (ESF).So the ESF is buying stocks (buyer of last resort).
What this means is, BRICS is completely out from underneath the dollar (SWIFT).
FRANK26: "MOVE OVER ALAQ... UST TAKES OVER!!!"....F26
Urgent | The Governor of the Central Bank submits a request to be relieved of his post
8/6/2024
Baghdad/Iraq Observer
An informed economic source reported today, Tuesday, that the Governor of the Central Bank, Ali Al-Alaq, submitted a request to be relieved of his position.
The source told "Iraq Observer", "The Governor of the Central Bank, Ali Al-Alaq, submitted a request to the relevant authorities to relieve him of his position."
For a long time, the dollar exchange rate has been witnessing a significant increase in local markets without being controlled by the Central Bank of Iraq, which prompted a number of members of parliament to collect parliamentary signatures to question the governor of the Central Bank, Ali Al-Alaq.
Central Bank Governor's Resignation: Admission of Failure or Escape from the Repercussions of the Financial Crisis?
8/6/2024
The Governor of the Central Bank of Iraq, Ali Al-Alaq, submitted a request to relieve him of his post to Prime Minister Mohammed Al-Sudani, amid a series of issues and problems in the financial and banking sector in Iraq, which include the failure to control the dollar exchange rate on the black market.
An informed source revealed to Al-Mustaqilla today, Tuesday, that Al-Alaq decided to submit his resignation after facing multiple problems in the financial sector, in addition to his inability to fulfill his promises to control the exchange rate. This request comes at a sensitive time for the Iraqi economy, which suffers from severe fluctuations in exchange rates and direct impacts on the local economy.
The main reasons that prompted Al-Alaq to submit his resignation are related to the ongoing difficulties in managing the financial and banking sector, in addition to the major challenges in controlling the dollar exchange rate on the black market. Since taking office, Al-Alaq has made many promises to achieve financial stability, but he has faced great difficulties in implementing them, which has led to increasing pressure on him.
A document obtained by Al-Mustaqilla today, Tuesday, revealed that the Speaker of Parliament has agreed to host the Governor of the Central Bank, Ali Mohsen Al-Alaq, by the Parliamentary Integrity Committee. This hosting aims to discuss the challenges facing the Central Bank and investigate the reasons that led to the request for his resignation.
Al-Alaq’s resignation could raise questions about the future of financial policy in Iraq. The central bank is central to economic stability, and any change in its leadership could have a significant impact on financial markets and confidence in the banking system.
Iraq faces major economic challenges that require strong and qualified financial leadership. The most prominent of these challenges are:
Controlling the exchange rate: Iraq needs effective policies to control the dollar exchange rate and prevent speculation that leads to sharp fluctuations.
Banking system reform: Improving the efficiency and transparency of the banking system to keep pace with international standards.
Combating corruption: Promoting integrity and transparency in financial institutions to prevent corruption and restore investor confidence.
Thurs. 8 Aug. 2024 American Media Group, Wolverine
Liquidity Release and Notifications Have Begun!
At exactly 3:00 PM PDT (on Wed. 7 Aug. 2024), our trusted military intelligence contact confirmed that the long-awaited liquidity release and notifications for tiers and lower categories, including 4B, has officially begun. This monumental event will unfold over the next 72 hours, bringing significant financial changes and opportunities for those involved. Stay tuned as we delve into the details and implications of this groundbreaking launch.
The Liquidity Release, An Overview: At the heart of today’s explosive news is the start of the liquidity release. This process is crucial to distributing funds across various financial tiers and categories, including the highly anticipated Tier 4B. For months, anticipation and speculation have surrounded this event, and now it’s finally happening.
Our military intelligence contact, who has been a trusted source of information, indicated that everything was set in motion at 3:00 PM PDT (on Wed. 7 Aug.).
Shotgun issuance is expected to distribute funds and notifications within the next 72 hours. This swift and decisive action is designed to ensure a smooth and efficient distribution of financial resources to those who have been patiently waiting.
Restrictions and Happiness What to Expect: Although our contact was not at liberty to discuss specific limits and limitations, he assured us that the outcome will be overwhelmingly positive. Details will be revealed during the appointments, but preliminary information suggests that everyone will be very pleased with the rates.
One of the highlights is the 90-day advance of ZIM. Those holding ZIM bonds will receive a $500 million advance until structured payments begin. This important advance provides immediate liquidity and demonstrates the financial system’s commitment to ensuring that participants have access to substantial resources quickly.
Immediate access to non-ZIM FX proceeds: In addition to the ZIM advance, all non-ZIM FX proceeds will be immediately accessible. This means that participants can begin using their funds without delay. For those who choose to place their funds under a structured payment program (SPP), there will be an advance of up to $250 million until the first SPP payment is made. This structured approach ensures that funds are managed effectively while also providing immediate liquidity to recipients.
The launch is done – a week late but finally here. Today, August 7th, marks an important milestone. Although the launch happened a week later than initially promised, it is crucial to focus on the fact that it actually happened. The reasons for the delay are still unclear, but what matters now is the start of distributions.
These distributions are scheduled to begin next week, after August 10th, setting the stage for significant financial activities and opportunities.
Preparing for the change. With the launch already underway, it is time to prepare for the upcoming changes. The next few days will be crucial as we understand the change and begin to set up preliminary structures to create corporate bonds. This preparation phase is vital to ensure that we can smoothly transition to the full funding cycle.
Mid-September is anticipated to be a period of substantial activity and significant financial movements are expected. Those who are aware and prepared will not be caught off guard by the big booms expected in the coming weeks.
Stay safe and focused. In these transformative times, it is essential to stay safe, focused, and vigilant. The changes taking place will have far-reaching implications and being prepared is key. Watching and praying, as our contact advises, will help to stay focused and prepared.
The Road Ahead: Big News in the Days and Weeks Ahead The news of the shotgun release is just the beginning. The coming days and weeks promise to be filled with important developments and opportunities. Those involved at the financial levels and tiers will need to stay informed and prepared to act as the situation evolves.
Understanding Shotgun Liquidity Release: What is Shotgun Release? The term “instant release” refers to a rapid and simultaneous distribution of funds across multiple financial levels and tiers. This method ensures that all participants receive their allocations promptly, minimizing delays and maximizing efficiency. This strategy is particularly important in scenarios where large sums of money need to be distributed quickly to a wide group of recipients.
Why Now? The timing of this release is critical. The global financial landscape is undergoing significant changes and the release of these funds is a key part of a broader strategy to stabilize and stimulate economic activity. By injecting liquidity into the market, the aim is to encourage growth, provide immediate financial relief and lay the groundwork for sustained economic development.
Mid-September is predicted to be a period of substantial activity and significant financial movements are expected. Those who are aware and prepared will not be caught off guard by the major booms expected in the coming weeks.
Stay safe and focused. In these transformative times, it is essential to stay safe, focused and vigilant. The changes taking place will have far-reaching implications and being prepared is key. Watching and praying, as our contact advises, will help to maintain focus and readiness.
The road ahead: Big news in the days and weeks ahead. The news of the shotgun launch is just the beginning. The coming days and weeks promise to be filled with important developments and opportunities. Those involved at the financial levels and levels will need to stay informed and prepared to act as the situation evolves.
FRANK26: "THE NEW GOV OF THE CBI DEMANDS THIS... AND ALAQ DOES THE 7 STEP CHA CHA CHA, LOL ".............F26
Advisor to the Banking Association calls for implementing the Prime Minister’s decisions to support private banks and lift US restrictions on them
8/6/2024
Baghdad
Samir Al-Nusairi, advisor to the Iraqi Private Banks Association, called for implementing the seven decisions issued on 4/4/2024 in implementation of the directives of Prime Minister Mohammed Shia Al-Sudani, regarding supporting our private banks, which confirms the government’s vision in its governmental program for financial and banking reform, as well as activating and accelerating the implementation of the agreements that were reached in the rounds of negotiations between the Central Bank and the US Treasury in Washington and Baghdad to lift US restrictions on the use of the US dollar because the continuation of the current situation harms our national economy.
Al-Nusairi explained that the decisions of the Prime Minister supporting private banks outlined the executive procedures for comprehensive reform of the banking sector, which constitutes the basis and real beginning of the accomplished economic reform. These decisions included the following:
1- Preventing monopoly in banking services.
2- Activating the Central Bank’s financing initiatives.
3- Increasing cooperation between private banks and the Central Bank in discussing decision-making related to supporting and developing banking work.
4- Determining the contribution of foreign capital to Iraqi banks.
5- Participation of government institutions and financing funds with private banks and expansion by opening branches in other countries.
6- Support from the government and the Central Bank to private banks in foreign institutions and banks.
7- Increasing the Iraqi state’s reliance on private banks and activating the deposit of government deposits and government bank deposits with private banks.
Al-Nusairi stressed that the implementation of the decisions, which came as a result of an in-depth study by the Ministerial Council for the Economy, in the presence of the Central Bank of Iraq, of the challenges facing private banks, especially after 28 private banks were subjected to US Treasury restrictions by stopping their dealings in US dollars in foreign transfers,are practical applications to encourage private banks to develop their internal and external banking operations in a way that contributes to economic reform, pointing out the importance of the Central Bank accelerating the procedures to rehabilitate and restructure these banks, as well as the necessity for the international auditing company to complete its agreed-upon work in order to lift the imposed restrictions and limitations. He explained that this file is certainly the focus of the government, the Central Bank, the Iraqi Private Banks Association and the banking sector in general, hoping that efforts will succeed in creating new balanced relations with the American side in the field of organizing and developing clear foundations for both parties in banking relations in accordance with international standards.
