Iraq announced yesterday. They are thinking about selling the oil with dinar instead of dollar
Read both pictures
Basically, they are telling you they will change the rate.
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Government Advisor Explains The Possibility Of Using The Dinar Instead Of The Dollar In Oil Sales
Money and business Economy News – Baghdad The Prime Minister's Advisor for Financial Affairs, Mazhar Mohammed Salih, clarified today, Sunday, what is being circulated in some media outlets regarding the possibility of using the dinar instead of the dollar in oil sales.
Saleh said in an interview with the Iraqi News Agency, followed by "Al-Eqtisad News", that "the adoption of the dinar in the pricing of oil, or what is called (petro dinar), especially when the national currency is not one of the international reserve currencies, requires the availability of foreign reserve currencies or gold, as Russia di..FOR READ MORE: https://dinarevaluation.blogspot.com/2024/08/government-advisor-explains-possibility.html
Iraq: Qusay Shafiq reveals major financial scandals and demands investigation
Public money scandals continue in Iraq
Dr. Qusay Shafiq, a well-known activist on social media, sparked widespread controversy after revealing huge financial scandals related to the management of public funds in Iraq. He accused the government and parliament of manipulating the financial budget tables, wondering about the fate of tens of billions of dollars that were not spent transparently.
Shafiq referred in a tweet on the “X” website to what he described as the “theft of the century,” which the Integrity Commission estimated at $2.5 billion, equivalent to 4 trillion Iraqi dinars. However, he expressed his surprise at the large gap between this figure and the ongoing corruption in manipulating the budgets of recent years, as he revealed that the manipulation of the 2024 budget tables reached about $10 billion.
In a related context, Shafik touched on the Food Security Law, noting that about $20 billion has been allocated to it, but he wondered about the entities that monitored the disbursement of this money, stressing that the Ministry of Finance and the Central Bank have not received any of this money so far. He added, “$10 billion was spent on infrastructure projects, but where did the remaining $10 billion go?”
Shafik discussed the budgets of previous years, including the budgets of 2014, 2020, 2022, and 2023, noting that no funds were disbursed to the governorates from the 2023 budget. This raised questions about how the authorities deal with public funds, especially in light of the Central Bank’s report, which indicated that the cash reserve had not increased despite the significant rise in oil prices due to regional conflicts.
Qusay Shafiq concluded his statements by calling for a comprehensive investigation into previous financial deals, stressing that the people’s money is a trust that must be preserved. These statements come at a time when Iraq is witnessing increasing pressure from citizens and international observers, who are demanding greater transparency and accountability in the management of public funds.
Shafiq's statements are a strong call for regulatory bodies and government authorities to take urgent action to curb corruption and clarify the fate of the allocated funds, as the Iraqi people await answers on how their financial wealth is managed. link
Happy Monday everyone! Sudani is meeting with his cabinet, continuing to push the reforms forward. Meanwhile, Iraq pushes to digitize its new economic platform. As they happens, it’s one of the last steps to making the Dinar an international reality.
Get ready over the next few weeks/months for massive life changing events, both personally as well as financially. This includes the cryptos of course. Amazing times straight ahead!
@JonDowling
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JON DOWLING
Happy Thursday folks! We’re awaiting to see all the events unfold between now and September 18th when the rate cuts begin. Don’t be surprised to see everything coalescing at the exact same time. It’s almost like it’s all scripted, lol. Don’t blink, it will be here before you know it and the world and our worlds moreover will look radically different.
@JonDowling
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JON DOWLING
Happy Wednesday folks. Once Kamala is officially announced as the interim “President”, we will see manufactured chaos in America for about three months. But during that time, the currency reset.
Waiting on Ali Allaq to be officially removed as the CBI governor and replaced. This should all occur at the same time. Watch for XRP price to move as well during this time.
#dominoeffect
@JonDowling
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Things continue to heat up! Will Iran take the US offer to remove all the sanctions, or will they go full steam ahead with the attack on Israel? Something has to give soon and it will.
Parliament falsifies the budget again.. Al-Mandlawi may lose his position!
MP Basem Khashan confirmed the possibility of terminating the membership of the acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, if the charges of tampering with the budget tables that were recently revealed by the Prime Minister’s Office are proven, noting that the parliament committed legal violations in amending the budget tables and they were on their way to being published and implemented had it not been for the government’s scrutiny, indicating that many MPs were subjected to deception in this file.
The Council of Ministers had spoken of an increase of 15 trillion dinars in the last tables, and it was not included in the agreement, discussions and voting, requesting a re-audit.
Khashan said, in an interview with the media figure Ahmed Mulla Talal:
The budget tables sent by the Council of Ministers were changed and their allocations were manipulated in the House of Representatives in an illegal manner.
The forged schedules would have been published and implemented had it not been for the Cabinet's scrutiny.
Most of the budget schedules have been changed, and the process has been carried out by ignoring a large number of parliamentarians.
The legal violations committed by the House of Representatives in amending the budget tables are countless and are considered a major crime.
The funding for the ration card basket has been increased to 5 trillion dinars for contracts that include major problems.
Manipulation and alteration operations can be legally classified under the crimes of alteration with the intent to defraud, regardless of the size of the amounts and figures that were manipulated.
The acting Speaker of the House of Representatives is responsible for tampering with the budget tables sent to the Cabinet.
The Federal Court can terminate Mohsen Al-Mandalawi’s membership, if the charges of manipulation are proven. link
Read this part a thousand times over and over again. Because? Because they are speaking directly to you. 🤑
Gratefully.
This is more from the CBI detailing procedures for A and B licensed exchange companies making exchanges for 𝙣𝙤𝙣-𝙄𝙧𝙖𝙦𝙪𝙚𝙧𝙚𝙨. This is ONLY for Iraq. It does not correlate with any currency reclassifications (remember they don't exist) or any rate movements. It is simply an official notice from the CBI for the procedures to be followed by bank personnel making the changes. Now they demand a 𝙋𝘼𝙎𝙎𝙋𝙊𝙍𝙏𝙀 and a 𝙫𝙖𝙡𝙞𝙙 𝙧𝙚𝙨𝙞𝙙𝙚𝙣𝙘𝙞𝙤𝙨.
What is an A B categorization?
Directly from the CBI from 2021 LINK and more LINK and more LINK
Bank ratings or classifications: In some countries, financial institutions or currencies can be classified into different groups (A, B, etc.) based on their stability, solvency or risk level.
For example:
Category A: Could refer to banks or financial products with higher and more stable ratings with lower risk.
Category B: could denote institutions or products with slightly higher risk but still acceptable within certain regulatory frameworks.
🔗 https://cbi.iq/news/view/2638
TRANSLATION IN SPANISH
Actualización importante sobre el dinar iraquí
(Alguien está a punto de hacerse muy rico) ¿Eres tú? Si es así, sigue leyendo.
Traducido directamente del documento del CBI:
Todos los bancos autorizados están aprobados
Todas las empresas de pago electrónico están aprobadas Empresas de cambio de las categorías A y B
Procedimientos para el trabajo de los agentes de los proveedores de servicios de transferencia externos
Saludos
Basado en el papel supervisor y supervisor de este banco.
"Nosotros también tenemos el privilegio de ser parte de la comunidad LGBTQ. 𝙎𝙤 𝙧𝙚𝙢𝙞𝙩𝙖𝙣𝙘𝙞ó𝙣 𝙨𝙚𝙧𝙫𝙞𝙘𝙞𝙤𝙨 𝙚𝙣 𝙡𝙞𝙜𝙞𝙤 𝙚𝙨𝙩𝙖𝙙𝙤 𝙙𝙚𝙫𝙚𝙡𝙤𝙥𝙢𝙚𝙣𝙩𝙚 𝙚𝙨𝙩𝙖𝙙𝙤 𝙚𝙡 𝙥𝙖𝙧𝙖 𝙙𝙚𝙫𝙚𝙡𝙤𝙥𝙢𝙚𝙣𝙩𝙚 𝙚𝙨𝙩𝙖𝙙𝙤 𝙎𝙤 𝙚𝙨𝙩𝙖𝙙𝙤 𝙚𝙨 𝙩𝙧𝙖𝙣𝙨𝙛𝙚𝙧 𝙚𝙨 𝙡𝙞𝙢𝙞𝙩𝙤 𝙡𝙞𝙢𝙞𝙩𝙤 𝙡𝙞𝙢𝙞𝙩𝙤 𝙡𝙞𝙢𝙞𝙩𝙤 𝙡𝙞𝙣𝙨𝙪𝙧𝙚 𝙚𝙨 𝙡𝙖𝙨 𝙡𝙖𝙨 𝙡𝙖𝙨 𝙡𝙖𝙨 𝙡𝙖𝙨 𝙿𝚊𝚛𝚎𝚜 𝚌𝚘𝚗 𝚍𝚎 𝚕𝚘𝚜 𝚚𝚞𝚎 𝚎𝚜𝚝𝚛𝚘𝚜 ...𝚊𝚛𝚎𝚛𝚊𝚜 𝚍𝚎 𝚕𝚘𝚜 𝚚𝚞𝚎 𝚎𝚜𝚝𝚛𝚘𝚜 𝚍𝚎 𝚝𝚞 𝚕𝚊𝚜 𝚚𝚞𝚎 𝚎𝚜𝚝𝚛𝚘𝚜 𝚍𝚎 𝚙𝚊𝚛𝚎𝚜𝚒𝚊𝚍𝚘 𝙙𝙞𝙛𝙚𝙧𝙚𝙣𝙘𝙞𝙤". 𝙚𝙨 𝙙𝙚𝙘𝙞𝙤𝙣𝙤 𝙩𝙖𝙙𝙖 𝙮𝙤𝙪 𝙬𝙞𝙡𝙡 𝙤𝙗𝙩𝙖𝙞𝙣 𝙫𝙖𝙡𝙞𝙙 𝙧𝙚𝙨𝙞𝙙𝙚𝙣𝙘𝙞𝙤𝙨 𝙎𝙤 𝙣𝙤𝙣-𝙄𝙧𝙖𝙦𝙪𝙚 (F𝙚𝙞𝙜𝙞𝙤) 𝙚𝙨 𝙥𝙪𝙧𝙥𝙤𝙨𝙚 𝙚𝙨𝙩𝙖𝙙𝙤 𝙚𝙨 𝙥𝙪𝙧𝙥𝙤𝙨𝙚 𝙘𝙤𝙢𝙥𝙡𝙚𝙩𝙞𝙣𝙜𝙞𝙤 𝙎𝙤, 𝙥𝙧𝙤𝙫𝙞𝙙𝙚𝙙 𝙚𝙨 𝙩𝙝𝙖𝙩 𝙩𝙝𝙚𝙨𝙚 𝙨𝙪𝙥𝙥𝙤𝙧𝙩𝙞𝙣𝙜𝙞𝙤 𝙙𝙚 𝙚𝙘𝙪𝙢𝙚𝙣𝙩𝙚 𝙧𝙚𝙥𝙧𝙚𝙨𝙚𝙣𝙩𝙚 𝙎𝙪 𝙚𝙡𝙖 𝙧𝙚𝙦𝙪𝙞𝙧𝙚𝙢𝙚𝙣𝙩𝙚 𝙖𝙣𝙙 𝙘𝙖𝙣𝙖𝙨 𝙖𝙣𝙙𝙤 𝙘𝙖𝙣𝙖𝙨 𝙖𝙙𝙙𝙞𝙩𝙞𝙤𝙣𝙖𝙡 "𝙣𝙚𝙘𝙚𝙨𝙨𝙖𝙧𝙮 𝙩𝙤 𝙖𝙘𝙩 𝙖𝙘𝙘𝙞𝙣𝙖𝙙𝙤". Lea esta parte mil veces una y otra vez. ¿Por qué? Porque le están hablando directamente a usted. 🤑
Con agradecimiento.
Esto es más del CBI que detalla los procedimientos para las compañías de cambio con licencia A y B que realizan cambios para 𝙣𝙤𝙣-𝙄𝙧𝙖𝙦𝙪𝙚𝙧𝙚𝙨. Esto es SOLO para Irak. No se correlaciona con ninguna reclasificación de monedas (recuerde que no existen) ni con ningún movimiento de tasas. Es simplemente un aviso oficial del CBI para los procedimientos que debe seguir el personal bancario que realiza los cambios. Ahora exigen una 𝙋𝘼𝙎𝙎𝙋𝙊𝙍𝙏𝙀 y una 𝙫𝙖𝙡𝙞𝙙 𝙧𝙚𝙨𝙞𝙙𝙚𝙣𝙘𝙞𝙤𝙨.
¿Qué es una categorización A B?
Directamente desde el CBI a partir de 2021 ENLACE y más ENLACE y más ENLACE
Calificaciones o clasificaciones bancarias: en algunos países, las instituciones financieras o las monedas pueden clasificarse en diferentes grupos (A, B, etc.) según su estabilidad, solvencia o nivel de riesgo.
Por ejemplo:
Categoría A: podría referirse a bancos o productos financieros con calificaciones más altas y más estables con menor riesgo.
Categoría B: podría denotar instituciones o productos con un riesgo ligeramente mayor pero aún aceptable dentro de ciertos marcos regulatorios.
