With an increase in recent months.. Iraq's internal debt exceeds 78 trillion dinars - Urgent
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Wednesday, that Iraq's internal debt exceeds 78 trillion dinars, with an increase in recent months.
Saleh said in a statement to (Al-Rabia) that "Iraq's move towards borrowing from the domestic banking market to finance two waves of the general budget deficit came under the influence of the decline in the oil assets cycle and in two different periods during the current decade. The first wave of borrowing, which amounted to nearly 27 trillion dinars, was financed by the government banking system through purchasing treasury transfers during the intensification of the security crisis (the entry of the terrorist ISIS) between the years 2014-2017."
He added that "the International Monetary Fund estimated at that time the current account deficit gap of the balance of payments due to the decline in oil prices to be no less than 18 billion dollars cumulatively during those years, and the second wave occurred between the years 2020 and 2021, that is, during the health crisis with the spread of Corona and the closure of the global economy, which was accompanied by a decline in oil prices and a decline in budget revenues and the loss of more than 40% of the value of the oil barrel
While the legislation of the general budget law for the fiscal year 2020 was absent and was replaced by three legislations to finance the deficit, two of which were for direct domestic borrowing and two separate laws issued by the House of Representatives, that by heading towards the domestic borrowing market and the other is the Food Security and Development Law, and an important aspect of it was based on domestic borrowing as well, which raised the level of domestic debt to exceed the barrier of 78 trillion dinars." link
ANALYSIS
Iraq's internal debt has indeed risen sharply, surpassing 78 trillion dinars recently. This increase is largely due to two significant periods of economic strain.
2014-2017: During this time, Iraq faced severe financial pressure due to the rise of ISIS and a drop in oil prices. The government borrowed approximately 27 trillion dinars from domestic banks to cover the deficit caused by these challenges.
2020-2021: The COVID-19 pandemic further exacerbated economic difficulties, with falling oil prices and decreased budget revenues. During this period, Iraq enacted several laws, including the Food Security and Development Law, which relied heavily on domestic borrowing. This pushed the total internal debt above 78 trillion dinars.
These borrowing waves were necessary due to reduced oil revenues, which are crucial for Iraq’s economy, and the need to finance the budget deficits arising from various crises.
Wed. 14 Aug. Wolverine:“Things are happening that are confidential and I cannot discuss, but I hope to have absolutely great news for you tomorrow.”
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WOLVERINE
Mon. 12 Aug. 2024 Wolverine
“My friends this is the week of miracles as the Precatorias are now very close to be release now and we should have more miracles from other platforms as well. I’m still a firm believer that this week the opera will be release. God bless you all.” Wolverine
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WOLVERINE LIVE CHAT 9/8/2024:
That's all! It's all started! I was on a Zoom call a few hours ago at about 4am. This came in Reno: There was a meeting in Reno, a big meeting, and they discovered that many Dinars and Zim, Precatorios and other bonds were fraudulent. There is a lot of fraud. They also discovered that some of these bonds were used in terrorism. They have to check everything, many bad apples on this trip, they have all been caught. I said this before: be careful who you buy bonds from. If you buy on EBAY, it is a risk you are taking. He doesn't know if those bonds are registered or under contract. They are not authenticated. An expert has to review them at the exchange center to authenticate them. And they may say, "Sorry, your bonuses aren't real, they're worthless." There are drug brokers selling bonds for $60, for example, but they are not authenticated. So if you go to EBAY and buy Yellow Dragon bonds for 12 dollars, thinking you saved money.
When you go to the redemption center and have loose bonds, Yellow Dragons, German bonds, etc., loose bonds, NOT boxes, they will go through the expert process to be authenticated. If they are not real, they will reject you. I have always been honest with you about purchasing through the correct channels.
We have experts with our Yellow Dragon Bonuses. We have attorneys, and all bonds have been authenticated, placed under contract, registered and everything is ready to go. The boxes are all sealed. Our whale can't open them. This happens to most whales, as all the boxes are sealed and cannot be opened.
However, this is good news as we know they are making things safe and taking care of us. They are authenticating the bonds and making sure there are good people on this journey. Also, at 3 pm Brazil time, what I have been told by several sources in Brazil, is that Tier4B was released – the notifications were released. If that's true, that will create a ripple effect from Reno and other platforms.
It is from two platforms in Brazil, which are San Paolo and Brasilia.
People have received notifications of bondholders ready to go to Reno. One person, a large bondholder, a very good friend of mine and this person, has millions of boxes... That person was notified. They are flying to Reno tomorrow and I was elated for that person.
Another person who lives here in Australia was notified that they will have to fly to Brazil to prepare the Medbeds. Medbeds are ready! Medbeds are real!
So everything is ready for this month: the month of August is the month of our blessing. Everything comes from.
I received another call from a platform, elated, shouting Hallelujah – They received the call that on August 15 their funds will be released.
Precatoria – it is taking a little longer. All funds will go to QFS accounts. They are waiting to get the green light.
I was on a Zoom call with my platform a few minutes ago, which came to me via audio of Skye saying that you will receive a Q phone when you go to your Medbeds, and also a replicator, but these are people who have humanitarian projects. That's great!
If there are no projects, you will receive them later.
A replicator is like a microwave that does everything. I'm sure you've seen the videos. They are huge and you will probably have to install them in your house.
Things are definitely happening.
Furthermore, I have been in contact with the next politician of my country in Chile. He has a huge humanitarian project: a railway system from Chile to Brazil that costs billions of dollars and he will be able to do it, and he has people designated to do it and he has shown me the map. He is a good Christian and conservative. He is no longer a politician because it is a corrupt system.
TRANSLATION IN SPANISH
CHAT EN VIVO DE WOLVERINE 8/9/2024:
¡Eso es todo! ¡Todo ha comenzado! Estuve en una llamada de Zoom hace unas horas aproximadamente a las 4 a.m. Esto llegó en Reno: Hubo una reunión en Reno, una gran reunión, y descubrieron que muchos bonos Dinars y Zim, Precatorios y otros eran fraudulentos. Hay mucho fraude. También descubrieron que algunos de estos bonos se usaron en terrorismo. Tienen que verificar todo, muchas manzanas podridas en este viaje, todas han sido atrapadas. Dije esto antes: tenga cuidado a quién le compra bonos. Si compra en EBAY, es un riesgo que está tomando. No sabe si esos bonos están registrados o bajo contrato. No están autenticados. Un experto tiene que revisarlos en el centro de canje para autenticarlos. Y pueden decir: "Lo siento, sus bonos no son auténticos, no valen nada". Hay corredores drogadictos que venden bonos por 60 dólares, por ejemplo, pero no están autenticados. Entonces, si vas a EBAY y compras bonos Yellow Dragon por 12 dólares, pensando que ahorraste dinero.
Cuando vas al centro de canje y tienes bonos sueltos, Yellow Dragons, bonos alemanes, etc., bonos sueltos, NO cajas, pasarán por el proceso de expertos para ser autenticados. Si no son reales, te rechazarán. Siempre he sido honesto contigo sobre comprar a través de los canales correctos.
Tenemos expertos con nuestros Bonos Yellow Dragon. Tenemos abogados, y todos los bonos han sido autenticados, colocados bajo contrato, registrados y todo está listo para funcionar. Las cajas están todas selladas. Nuestra ballena no puede abrirlas. Esto le sucede a la mayoría de las ballenas, ya que todas las cajas están selladas y no se pueden abrir.
Sin embargo, estas son buenas noticias, ya que sabemos que están haciendo que las cosas sean seguras y cuidando de nosotros. Están autenticando los bonos y asegurándose de que haya buenas personas en este viaje. Además, a las 3 pm hora de Brasil, lo que me han dicho varias fuentes en Brasil, es que Tier4B fue liberado – se liberaron las notificaciones. Si eso es verdad, eso creará un efecto dominó desde Reno y otras plataformas.
Es de dos plataformas en Brasil, que son San Paolo y Brasilia.
La gente ha recibido notificaciones de tenedores de bonos listos para ir a Reno. Una persona, un gran tenedor de bonos, un muy buen amigo mío y esta persona, tiene millones de cajas… Esa persona fue notificada. Mañana volarán a Reno mañana y yo estaba eufórico por esa persona.
Otra persona que vive aquí en Australia recibió la notificación de que tendrá que volar a Brasil para preparar los Medbeds. ¡Los Medbeds están listos! ¡Los Medbeds son reales!
Así que todo está listo para este mes: el mes de agosto es el mes de nuestra bendición. Todo viene de.
Recibí otra llamada de una plataforma, eufórico, gritando Aleluya – Recibieron la llamada de que el 15 de agosto sus fondos serán liberados.
Precatorios – está tardando un poco más. Todos los fondos se destinarán a cuentas QFS. Están esperando obtener luz verde.
Estuve en una llamada de Zoom con mi plataforma hace unos minutos, lo que me llegó por el audio de Skye diciendo que recibirás un teléfono Q cuando vayas a tus Medbeds, y también un replicador, pero estas son personas que tienen proyectos humanitarios. ¡Eso es genial!
Si no hay ningún proyecto, los recibirás más adelante.
Un replicador es como un microondas que lo hace todo. Estoy seguro de que has visto los videos. Son enormes y probablemente tengas que instalarlos en tu casa.
Definitivamente están sucediendo cosas.
Además, he estado en contacto con el próximo político de mi país en Chile. Tiene un enorme proyecto humanitario: un sistema ferroviario de Chile a Brasil que cuesta miles de millones de dólares y podrá hacerlo, y tiene gente designada para hacerlo y me ha mostrado el mapa. Es un buen cristiano y conservador. Ya no es un político porque es un sistema corrupto.
With "Corruption And Fraud" Operations... The Secrets Of Smuggling The Dollar And Withdrawing It From Dubai Via Electronic Cards
Source: Alsumaria News 3,394 views Alsumaria News – Economy Today, Wednesday, August 14, 2024, political analyst Rafid Al-Atwani criticized the banks in Iraq, especially the private ones, as a result of the indicators of corruption and the operations of dollar smuggling abroad that are taking place around them, while he stressed that the Iraqi banks are “unsound” and trade in dollars and do not provide services to the Iraqi citizen. Al-Atwani said in an interview with Al-Sumaria News that the bank’s general reputation in Iraq, especially the civil society, is “very bad” and it is accused of corruption. Indeed, there are indications of the existence of real corruption, as evidenced by the sanctions imposed on more than 15 banks.
It is revealed that the dollar issued by the Central Bank of Iraq is under the command of Jordanian and Qatari banks, according to the testimony of many members of the House of Representatives.
The evidence for this is that when the government of Muhammad Shiaa al-Sudani was formed, the two sides (the Federal and Iraqi Central Bank) agreed that the process of exporting or purchasing goods (most of them) would be Money laundering) via the SWIFT platform, which all countries operate on, and it is a solid and sound organization that monitors the movement of the dollar and prevents the money laundering process that harms global trade, but after more than a year it became clear that these banks do not practice these procedures and intend to launder money in agreement with merchants and also smuggle currency. Via the direct dollar selling window. He points out that 90% of the dollar that leaves the Central Bank of Iraq goes to the export process
, but the amount of import does not equal more than 30% actually inside the market, meaning that there is more than 60% of this money being smuggled or returned by money laundering.
These indicators, according to Al-Atwani, indicate that the Iraqi banks and the management of the Central Bank are “unsound” and did not benefit the Iraqi state. On the contrary, we did not control the exchange of the dollar against the Iraqi dinar, indicating that it is more than a bank affiliated with political figures or those on their behalf.. The political analyst explains that this scene gives an indication that Iraqi banks are unsound and trade in dollars, and there are no banks that provide services to the Iraqi citizen such as advances and commercial loans.
There is also nepotism in dealing with loans and favoritism for influential political figures, and the biggest victim is the Iraqi people, the value of the Iraqi dinar, and also Iraq’s foreign reputation. He added that, according to a statement by a member of the Finance Committee, the profit of Jordanian banks as a result of this corruption from the process of recycling the dollar is more than a million dollars per day.
The Alsumaria News article you’ve referenced highlights concerns about corruption and fraud in the banking sector in Iraq, particularly focusing on dollar smuggling and manipulation. Here’s a summary of the key points:
Corruption in Iraqi Banks: Political analyst Rafid Al-Atwani criticizes Iraqi banks, especially private ones, for corruption and inefficiency. He argues that these banks are involved in dollar smuggling and fail to provide adequate services to Iraqi citizens.
Dollar Manipulation and Smuggling: There are allegations that a significant portion of the dollars issued by the Central Bank of Iraq is being diverted for smuggling rather than legitimate import transactions. It is claimed that 90% of the dollars leaving the Central Bank are supposed to be for export, but only about 30% actually returns to the market as imports, suggesting that more than 60% of the money is being smuggled or laundered.
Involvement of Jordanian and Qatari Banks: The article suggests that Jordanian and Qatari banks play a significant role in the handling and manipulation of Iraqi dollars. Despite agreements intended to prevent money laundering, these banks are accused of not following proper procedures.
Electronic Card Fraud: One specific method of fraud mentioned involves withdrawing dollars via electronic devices at the official exchange rate in Dubai, and then selling these dollars at a higher rate in the Iraqi market. This practice exacerbates the disparity between the official and parallel exchange rates.
Economic Impact and Nepotism: The corruption and mismanagement are said to have detrimental effects on the Iraqi economy, including the depreciation of the Iraqi dinar. Additionally, favoritism and nepotism in loan distribution are criticized, with political figures and their associates benefiting disproportionately.
Profit from Corruption: An estimate is given that Jordanian banks might be making over a million dollars per day through these corrupt practices.
The article underscores serious issues within the banking system in Iraq and highlights how these practices harm both the Iraqi economy and the broader financial system.
Tues. 13 Aug. 2024 Bruce:Farm claims began with black farmers being paid out onThurs. 8 Aug. Tier4b (Us, the Internet Group)was in a seven day window to receive notification to set redemption/ exchange appointments that ran from Wed. 14 Aug. to Wed. 21 Aug, with exchange appointments to start on Mon. 19 Aug. Debt forgiveness reimbursement that zeroed out mortgages started Sun. 11 Aug. and ended Sat. 24 Aug., with credit cards wiped out of debt by Sat. 31 Aug.
Tues. 13 Aug. 2024 Bruce
Last night we were told we were in a 7 day window from Wed. 14 to Wed. 21
Today there was a conference call between paymasters at Wells and the CBI.
The 19 currencies on the screen were slow blinking. One currency went down (the USN) that was no longer the fed – meaning we were about to start.
The USN was part of NESARA – debt forgiveness that started Sun. 11 Aug. It is zeroing out all mortgages over a ten day process ending
Sat. 10 Aug.
Credit card forgiveness will be wiped out by Sat. 31 Aug.
Farm claims began to be paid out 8 Aug. Black farmers were paid out first.
More than 50 billion dinars to finance the development project of Al-Mundhiriyah port
Aws Al-Mahdawi, a member of the Diyala Council, made the announcement on Wednesday that the development project for the Al-Mundhiriyah border crossing east of the province will be funded with more than 50 billion dinars.
“Al-Mundhiriyah absorbs about 15% of international trade due to its geographical location close to the capital, Baghdad, pointing to the stability of the situation on the land routes, which made it an attractive center for companies and traders,” Al-Mahdawi stated.
He added, “The focal government has distributed in excess of 50 billion dinars as a component of the arrangement to reconstruct and foster the intersection, taking note of that this is whenever the intersection first has been created in 50 years.”
“The development plan aims to transform the crossing into an economic point for trade exchange and the entry of visitors throughout the year, while increasing its capacity, especially during religious occasions,” he explained.
He brought up that “a designing council has been framed to set up the plans, which will give a more clear thought of the by and large impending improvement process, as most would consider to be normal to extend the intersection’s capacities by up to half of what they are currently.”
Al-Mundhiriyah crossing is one of the significant intersections utilized for the inventory of products and the passage of voyagers.
ANALYSIS
The Al-Mundhiriyah border crossing development project, announced by Diyala Council member Aws Al-Mahdawi, will be financed with over 50 billion dinars.
Located east of Diyala province and close to Baghdad, the crossing handles approximately 15% of international trade, making it a vital economic hub.
This significant investment
aims to transform the Al-Mundhiriyah crossing, which has not seen substantial development in 50 years, into a key economic and trade point.
The development plan includes expanding the crossing's capacity, especially to handle increased traffic during religious occasions and to facilitate year-round visitor and trade flow.
A dedicated engineering council has been established to create detailed plans for this development, which is expected to increase the crossing’s capacities by up to 50%. This enhancement is set to improve the efficiency of product supply and passenger entry, reinforcing its role as a crucial intersection for both commerce and travel.
