LATEST FROM FREEDOM FIGHTER, 20 AUGUST

FREEDOM FIGHTER

MISSPRISS: If Vietnam joins BRICS, will it affect whether they float or RV?

FREEDOM FIGHTER: They presumably will float whether they join BRICS or not just like any other country, except Iraq

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Freedom Fighter ©️ 

July 9, 2024

💥Cryptocurrency to be considered money 💰 

💥Iraqs ports are digitizing - new rate will be required - “eventually”

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🟠GOLDILOCKS article breakdown 

🏆Iraq testing the IQD in the FOREX market ‼️

💥Directly from the CBI

Activity transactions on the (FITR) platform"

Iraq is now showing transaction activities on the FITR platform. FITR are Exchange Traded Funds that come under the category of cross currency swaps. 

Currency ETFs are exchange-traded funds that track the comparative value of a currency. These investment mechanisms allow people like you and me to gain exposure to the forex market. 

"Cross-currency swaps are commonly used for fixed income investments where the cash flows are known with a high degree of certainty. Hedging currency risk with a cross-currency swap effectively creates a synthetic local currency denominated bond by converting the bond’s foreign currency denominated cash flows or risk into a stream of local currency payments. Cross currency swap hedging strategies can be tailored for either active strategies or passive buy-and-hold fixed income strategies."

Here is how the above quotation works. The Exchange Stabilization Fund (ESF) of the U.S. Department of the Treasury can purchase or sell foreign currencies. 

The ESF also includes Special Drawing Rights (SDRs), which are international reserve assets created by the International Monetary Fund. The ESF can also enter into "warehouse" swaps with the Federal Reserve System. 

The Federal Reserve has a repurchase facility for foreign and international monetary authorities, also known as the FIMA Repo Facility. 

This allows foreign account holders to temporarily exchange Treasury Securities for dollars to meet potential liquidity needs. 

"According to TreasuryDirect, Treasury Bills, Notes, Bonds, TIPS, and FRNs are transferable, so you can buy or sell them in the secondary market."

Yes, foreign currency, also known as forex, is traded on the secondary market, which includes equities and fixed-income instruments like bonds.

The foreign exchange market is a decentralized, over-the-counter (OTC) marketplace that determines the exchange rate for currencies around the world.  

Let me end this dialogue where we began it. And, this is a direct quote from the CBI website, "Activity transactions on the (FITR) platform." 

This gives us an idea of how close we are. Let me be clear, we do not know if these are testing transactions or actual transactions at this time. But, we do know they are in training for the use of this trading mechanism for a reason. 

© Goldilocks 

https://cbi.iq/news/view/2616

https://www.sec.gov/divisions/marketreg/mr-noaction/fitr110102.htm

https://www.schwab.com/etfs/types/currency-etfs

https://www.slcmanagement.com/ca/en/insights/all-insights/currency-risk-management-for-foreign-fixed-income-investments/

https://dinarevaluation.blogspot.com/2024/07/latest-from-freedom-fighter-13-july.html

"GIVE IT UP ALREADY!!! (LOL)" BY FRANK26, 20 AUGUST

 KTFA

FRANK26: "GIVE IT UP ALREADY!!! (LOL)"....F26

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

 

8/19/2024

 

Member of the Parliamentary Finance Committee, Mustafa Al-Karawi, 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.

LINK

 

A SHARED COMMITMENT TO PROMOTE A STABLE BANKING ENVIRONMENT BY DINAR REVALUATION, 20 AUGUST

Iraqi Association of Islamic Banks Announces Support for Central Bank Measures in August 2024

In August 2024, the Iraqi Association of Islamic Banks (IAIB) announced its endorsement of the Central Bank of Iraq's (CBI) recent measures aimed at strengthening domestic liquidity management and developing an interbank market. 1The CBI's initiatives are part of a broader strategy to support the exchange rate peg by adopting more active domestic liquidity management. 1

Key Initiatives Supported by the IAIB

Domestic Liquidity Management and Interbank Market Development

The IAIB has expressed its full support for the CBI's efforts to enhance domestic liquidity management and establish an interbank market. 1 The CBI has made significant progress since the initial technical assistance mission in March 2023, and the IAIB believes these measures will contribute to a more stable and resilient financial sector.  1

Digital Banking Regulations

The IAIB also supports the CBI's regulation of licensing for digital banks in Iraq, launched on March 28, 2024. 2 The IAIB acknowledges that digital banking is revolutionizing the financial sector, offering convenience and innovation to customers, and emphasizes the importance of navigating complex regulatory frameworks.  2

Banking Supervision and Regulation

The IAIB endorses the CBI's enhanced supervisory reporting for Islamic banks and the capacity-building measures for supervisors. 1 The CBI has provided a workshop to build the capacity of supervisors to effectively monitor, supervise, and regulate Domestic Systemically Important Banks (D-SIBs) and State-Owned Banks (SOBs). 1

Impact on the Banking Sector

These measures have contributed to a growing sense of stability and confidence in Iraq's banking sector. 4 The CBI's increased capital and focus on conservative investment management have been seen as positive steps toward achieving stability in the sector. 4

Conclusion

The IAIB's support for the CBI's measures reflects a shared commitment to strengthening Iraq's financial infrastructure and promoting a stable banking environment. These initiatives are expected to contribute to the overall health and resilience of the banking sector, fostering growth and innovation in line with global standards.

DINAR REVALUATION : Central Bank Governor's Crucial Visit to NYC: What It Means for Iraq's B...

"THE FLOAT REACHES TO THE INTERNATIONAL WORLD" BY FRANK26, 20 AUGUST

 KTFA

FRANK26: "THE FLOAT REACHES TO THE INTERNATIONAL WORLD"...........F26

Iraqi Association of Islamic Banks announces its support for the Central Bank’s measures

 

8/19/2024

 

Baghdad - WAA

The Iraqi Association of Islamic Banks announced, on Monday, its support for the procedures of the Central Bank of Iraq, which is to establish a national company specialized in managing electronic payment, as a positive step in developing the financial development system.

The association stated in a statement received by the Iraqi News Agency (INA), that it "supports the measures of the Central Bank of Iraq, especially what was accomplished in the previous stage and its upcoming rounds in its dialogue with the US Treasury and the US Federal Reserve, to return banks deprived of the US dollar."
The association appreciated in its statement "the continuous efforts made by the Central Bank and the Anti-Money Laundering and Terrorist Financing Office, through its committee, which resulted in a positive evaluation by the Financial Action Task Force (FATF)." 
The association promised that "the establishment by the Central Bank of a national company specialized in managing central electronic payment in Iraq is a positive step in developing the financial development system and enhancing the efficiency of electronic payment in the country."

 

LINK

Pay attention in the near future. It’s very close. PROJECT ODIN=EBS BY CHARLIE WARD, 20 AUGUST

 Mon. 19 Aug. 2024 Pay attention in the near future. It’s very close. PROJECT ODIN=EBS, Charlie Ward

We know that something powerful will take down the Mossad Media satellite.This will cause a worldwide communications blackout, transitioning us to a Quantum System. This is called PROJECT ODIN. In essence, it provides a reason to activate Military EBS.

Starlink is up and seemingly ready for the Army to activate the worldwide Emergency Broadcast System.

The Odin Project, as mentioned by Ron CodeMonkeyz, is a powerful cross-platform Anti-Cheat Engine and part of Quantum Starlink. These new Quantum Systems are protected by secret space programs beyond the reach of the Cabal.

This will release the NESARA/GESARA funds and then we the people will begin to rebuild. This event is truly biblical.
To convert to Gesara/Greatness, they must play this fake World War 3 scenarioto sound the sirens in each National Military Command Center. This is to justify to the entire planet many things that have taken place.

MILITIAMAN: Iraq Dinar News -IQD Update - A ReCap of Events - PetroDinar - Al-Sudani...