TNTCC NOTES, 20 AUGUST

 GOOD MORNING TNT TODAY IS AUGUST THE 19TH 20241:08 PM

IT IS A DAY WE SHOULDN'T EVEN BE HERE.1:09 PM

FRIDAY THEY TESTED THE SYSTEM. SATURDAY THEY WERE PAYING FRONT OF THE LINE; PEOPLE WHO WANT TO BE NAMELESS1:10 PM

 SATURDAY THEY WERE GETTING PAID OUT BECAUSE THE SYSTEM WAS LIVE.

 THEN THEY SAID WE SHOULD GET PAID OUT SUNDAY EVENING OR MONDAY MORNING - BUT HERE IT IS AND WE WAIT. BUT THEY ARE EXPECTING IT TODAY1:11 PM

THEY SAID ITS BEEN COMPLETED SINCE THURSDAY. THEY HAVE SAID WE COULD START GETTING PAID AFTER 2 EST P.M. TODAYAug 19

THEY HOPE TO BE DONE AND DONE FUNDING ALL CENTRAL BANKS TODAY BEFORE WE GO. 

PEOPLE ARE BEING PAID IN THE US ALREADY1:12 PM

IT SHOULD BE INTERNATIONAL SOMETIME AFTER 2 O'CLOCK INTO TOMORROW MORNING1:12 PM

WE SHOULD BE EXCITED; I'M HEARING PEOPLE WERE EXCHANGED. IT IS A LIVE RATE INTERNATIONALLY1:13 PM

ALL THE 3 LTR AGENCIES ARE SAYING IT HAS BEEN DONE SINCE THURSDAY. 

THEY ALL AGREE IT IS A LIVE RATE1:13 PM

THEY ARE EXPLAINING THAT THERE ARE WEALTH MANAGERS CALLING CLIENTS TO TELL THEM THEY WILL BE FUNDED AND LIQUID TODAY.1:14 PM

 FOR PEOPLE IN CANADA, THIS IS WHAT WE HAVE FOUND OUT. THERE WILL NOT BE 800 NUMBERS IN CANADA. THE CANADIAN BANK SYSTEM IS DIFFERENT THAN THE US - THEY SAY THEIR SYSTEM IS GREAT. IN CANADA THE 5 MAJOR BANKS WILL DO THE EXCHANGE1:14 PM

FOREIGN EXCHANGE IS THE RESPONSIBILITY OF THE GOVT. NOT THE BANKS1:15 PM

THE BANKS CAN RESTRICT SMALLER BRANCHES, BUT THE GOVT IS IN CHARGE1:15 PM

ALL FIVE MAJOR BANKS IN CANADA WILL BE EXCHANGING.1:16 PM

THAT IS ALL THE INFORMATION I HAVE. AT THE TIME OF THE RV, CONTACT THE BANKS, THE MAJOR 5, TO DO YOUR EXCHANGE1:16 PM

WE ARE USING TWITTER AGAIN TODAY BECAUSE BLOGTALK DIDN'T WORK. DOESN'T MAKE ANY SENSE IT HAS WORKED FOR 10-12 YEARS.1:16 PM

WHEN THE RV COMES WE WILL USE THE SYSTEM WE HAVE BEEN RESERVING. A SYSTEM JUST FOR TNT MEMBERS THAT RECEIVE THE EMAILSAug 19

WE ARE TRYING TO MAKE SURE A RECORDING CAN'T BE COPIED ON THIS OTHER SYSTEM1:17 PM

AFTER THE 72 HOURS, NO ONE ELSE CAN BECOME A TNT MEMBER. THOSE WHO ARE IN WILL BE IN. IT WILL ONLY BE ACTIVE MEMBERS.

DINAR REVALUATION : Iraq's Anti-Money Laundering Efforts Not On Gray List, 20 AUGUST

 Iraq's Anti-Money Laundering Efforts Not On Gray List

The Office of Anti-Money Laundering and the Financing of Terrorism has confirmed that Iraq is not at risk of being added to the gray list of countries under increased monitoring.

Hussein Al-Maqraqr, a representative from the Central Bank, announced that after a comprehensive 14-month evaluation by an international team of experts, Iraq’s compliance with anti-money laundering and counter-terrorism financing measures has been reviewed. The assessment focused on both technical compliance with legal frameworks and the effectiveness of these systems, including statistical data and practical examples from field visits.

This positive evaluation suggests that Iraq's legislative and regulatory measures are currently meeting international standards in combating money laundering and terrorism financing.

Source: Economy News

DINAR REVALUATION : Iraq's Bold Move: Dinar for Oil Sales?

Central Bank: Iraq far from ‘grey list’, 20 AUGUST

 Economy News – Baghdad

The Office of Anti-Money Laundering and the Financing of Terrorism revealed that Iraq is far from being included in the gray list.

“After the completion of the international mutual evaluation by the recent 14-month team of international experts to which Iraq was recently subjected, the technical compliance with the legal framework, regulations, instructions and controls against money laundering and the financing of terrorism was assessed,” said the office representative at the Central Bank, Hussein Al-Maqraqr.

“The effectiveness of anti-money laundering and terrorist financing systems was also assessed, by providing statistics, in addition to practical cases, to demonstrate the extent to which the legislative framework has been applied, as well as the field visit,” he added.

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Added 2024/08/19 – 1:53 PM

https://economy-news.net/content.php?id=46481

Saleh's Discussion on Raising the Value of the Iraqi Dinar in August 2024 by DINAR REVALUATION , 20 AUGUST

Saleh's Discussion on Raising the Value of the Iraqi Dinar in August 2024

Financial advisor to the prime minister, Saleh, appeared on television in August 2024, addressing the Iraqi public about the strategies to bolster the value of the Iraqi Dinar (IQD). 1

The Case for Currency Strengthening

Saleh's televised address highlighted the government's commitment to enhancing the dinar's worth, emphasizing the potential benefits of a stronger currency for the national economy. He discussed various economic measures, including export capacity and market management, as integral to currency valuation.  3

Managed Float Consideration

During the broadcast, Saleh gave his opinion on the best approach to manage the IQD's value, suggesting that a managed float could be more appropriate than a free-floating or fixed exchange rate system. This managed float would allow the central bank to intervene in the market to stabilize the currency while still allowing it to adjust to market conditions. 3

Economic Reforms and Purchasing Power

Saleh's discussion also touched upon the ongoing economic reforms in Iraq, which include the deletion of zeros from the currency and the introduction of a new currency, aimed at enhancing the dinar's purchasing power.  3 These reforms are expected to contribute significantly to the currency's stability and value.

International Relations and Compliance

The conversation also delved into Iraq's international relations and the country's efforts to align its banking system with global standards. This includes scrutinizing foreign transfers and ensuring compliance with international banking regulations, which could positively influence the dinar's value in the global market. 2

Public Education and Market Confidence

Saleh's appearance on television was part of a series of educational efforts aimed at increasing public understanding and confidence in the currency reform process. The broadcasts, which have been ongoing for several weeks, are designed to prepare the Iraqi public for the changes and to reassure them about the future stability and purchasing power of the dinar. 3

Conclusion

Saleh's televised discussion in August 2024 underscores the Iraqi government's commitment to enhancing the value of the dinar through a managed float, economic reforms, and international compliance. These measures are expected to strengthen the currency and boost confidence among the Iraqi public and international investors.

https://www.iraq-businessnews.com/2024/03/14/central-bank-discusses-increasing-the-value-of-the-iraqi-dinar/

Saleh on TV Talking About Raising Value of IQD!🚩Lower Notes News🤔Dinar R...

Parliamentary Finance Committee prepares to question the Governor of the Central Bank of Iraq after the Arbaeen visit, 20 august

 Shafaq News/ Member of the Parliamentary Finance Committee, Mustafa Al-Karaawi, revealed on Monday that a request was submitted to the Presidency of the Council of Representatives to set a date to question the Governor of the Central Bank of Iraq regarding several files, most notably the exchange rate of the dollar against the local currency.

Al-Karawi told Shafaq News Agency, “Members of the Parliamentary Finance Committee had previously submitted a request to the Speaker of the House of Representatives to question the Governor of the Central Bank, Ali Al-Alaq.”

He added, “The interrogation relates to several files, the most important of which are the dollar exchange rate, its sale to travelers, the currency buying and selling window, financial transfers abroad, cash financing, US sanctions, and negotiations with the US Federal Reserve.”

He stressed, “We were previously seeking to host the Governor of the Central Bank, but then a request was submitted by some members of the House of Representatives to question the Governor in the House according to legal procedures and to activate the oversight role to question government officials.”

Al-Karawi said, “After the Arbaeen visit, there will be a move to the Presidency of the House of Representatives to set a date to question the Governor of the Central Bank in Parliament.”

On August 8, Hadi Al-Salami, a member of the Parliamentary Integrity Committee, revealed that his committee had been following up for more than a year on the file of terminating the assignment of the Central Bank Governor, Ali Al-Alaq, from his position.

Al-Salami explained to Shafaq News Agency that the committee addressed the Prime Minister several times to pressure him to end Al-Alaq’s assignment, due to the existence of many violations against him.

He added that the government program announced by the Prime Minister when forming the government includes the necessity of ending the management of positions by proxy after six months of forming the government, noting that Al-Alaq is still managing the position by proxy without any action to cancel his assignment so far.

Al-Salami pointed out that there are many files and violations related to the Central Bank, which have been referred to the Integrity Commission and the Public Prosecution, indicating that these violations include issues related to the lack of control over the exchange rate in the market, in addition to millions of dollars and interest received by Arab and foreign banks, including Jordanian banks.