Scenarios that the Iraqi Central Bank will work, listed by Al-Issawi, 15 SEPT

 Mawazine News – Baghdad

Economic expert Abdul Karim Al-Issawi said: “Today, in fact, the Central Bank of Iraq has already moved to the stage of direct relations with correspondent banks, and it is in the experiment stage while monitoring the changes that occur in all the process for the purpose of fortifying the transformation.

Al-Issawi told Mawazen News: The platform was aimed at enhancing transparency and ensuring compliance with international laws, especially with regard to combating money laundering and terrorist financing.

He pointed out that:

**Potential benefits:
1. *Facilitating transfers*: Direct relationships may make transfers faster and more flexible.
2. *Reduce remittance costs*: Relying on a platform may require additional costs that may be retreated with the new system.
3. *Enhancing international confidence*: If these relations are well managed, it may help boost the confidence of the international community in the Iraqi banking system.

As for the potential challenges: “
1. Compliance risks: Easing controls can increase the risk of money laundering and terrorist financing, which could damage Iraq’s reputation internationally.
2. Complexity of banking operations: Some banks may face difficulties in managing complex international relations directly without mediation from the central bank.
3. Impact on monetary policy: The central bank may lose some control over external money flows, which may affect monetary policy.

It is important that this transition (if it takes place) takes place gradually and deliberately, while ensuring that strong control mechanisms are in place to ensure that the Iraqi banking system is not exploited for illicit purposes.
The final decision will require a balance of benefits and risks, and will certainly have a significant impact on the Iraqi economy and international relations.

The economist stated that the Central Bank of Iraq is negotiating with the US Federal Reserve regarding the termination of the electronic platform for foreign transfers and replacing it with direct banking relations between Iraqi banks.

https://www.mawazin.net/Details.aspx?jimare=254919

" THE LARGEST DEVALUATION IN HISTORY OF DOLLAR BEGINS NEXT WEEK" GOLDILOCKS, 15 SEPT

GOLDILOCKS 

The largest devaluation in history of the dollar begins next week. It won't happen all in one week, but next week is when monetary policies change.

© Goldilocks

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Global Financial Crisis:

• The USA is paying $3 BILLION a day in interest expenses.

• Sat. 14 Sept. 2024 Foreign Banks Now Officially Target UBS: The traditional foreign bank was long considered a dying model. Following the end of Credit Suisse, the remaining players were now planning to go on the offensive.  https://www.finews.com/news/english-news/64356-auslandbanken-credit-suisse-ubs-schroder-adrian-noesberger-afbs-2

• Sat. 14 Sept. 2024: JPMorgan Chief Jamie Dimon has warned US economy faces an outcome worse than a recession.

• Many years ago a politician exposed the Central Bank Scam to Congress: “All banks across the Globe are presently broke because of their practice of Fractional Banking where they have lent money that they don’t have. They print and use money that has no backing. If any of us did that we would go to prison.”

• Sat. 14 Sept. 2024 Canada: Hey folks. Your neighbor here, figured I’d share some info with you. I’m Canadian. Walmart here will stop accepting USD on September 23rd. I’ve been digging trying to find out why. No one seems to know, I’ve had people dance around the question. If been left on hold for more than 20 mins until I’ve had to hang up. The closest thing I got to an answer was from a manager that said “It has something to do with new security features on the bills, and our machines can’t recognize it or accept it.” Anyone have any idea what’s going on? …Jay Rider on Telegram

Sat 14 Sept. 2024 Dollar Collapse Imminent! How GESARA and NESARA Will Trigger the Largest Wealth Redistribution in History! …NESAR/GESARA on Telegram

• The current financial system, a puppet show controlled by elites, is collapsing under its own c********n. We are not just facing an economic downturn but a global upheaval poised to dismantle the status quo.

• The collapse of the U.S. dollar signals the end of an era and ushers in the transformative promise of GESARA and NESARA—legislation that heralds the greatest wealth transfer in history, ensuring prosperity and financial freedom for all.

• This collapse has been engineered by financial elites, using the dollar as their tool to amass wealth while the masses suffer. As their system crumbles, GESARA and NESARA will reset the financial landscape, replacing c********n with equity and transparency, igniting the largest wealth redistribution the world has ever seen.

• The 2008 Crisis Was Just a Warning: Looking back at the 2008 crisis, it’s clear the so-called recovery was a lie. The elites used the crisis to pilfer wealth under the disguise of economic recovery, with the Federal Reserve protecting their every move. But today’s impending collapse is far worse. The reckless monetary manipulations have led us here, with global debt levels exploding. What we are facing isn’t just economic mismanagement—it’s sabotage.

• The Financial Apocalypse Is Here: The catastrophic policies of excessive liquidity and artificially low interest rates have destroyed the system from within. The dollar is dying, and as faith evaporates, a new gold-backed currency could rise, following the principles of GESARA and NESARA. This isn’t just about economics—it’s about the end of financial tyranny. We’re entering an era where power returns to the people and economic justice prevails.

• Preparing for the Inevitable: As the old system implodes, the principles of GESARA and NESARA offer a path forward. It’s time to secure tangible assets and support the systemic changes that will restore dignity to the financial world. This is about more than survival—it’s about rebuilding an economy that works for everyone.

• A Call to Arms: This isn’t just a collapse—it’s a controlled demolition. The elites have played their final hand, and now it’s our turn. The collapse of the dollar is inevitable, and GESARA’s promise is the only solution. The time for passivity is over. We must rally behind these reforms, tear down the old system, and usher in a new age of economic fairness.

• This is our moment. The financial apocalypse is upon us, but so is the opportunity to create a new legacy. Will you stand by, or will you fight for the future GESARA and NESARA promise? The time to act is now.

SOURCE: DINARCHRONICLES

US Troops to Withdraw from Iraq by 2026

State of Law comments on Foreign Minister’s statement about no US combat forces, 15 SEPT

 Province of Regulation Alliance pioneer Haider al-Lami remarked on Unfamiliar Clergyman Fuad Hussein’s assertion about the shortfall of American battle powers.

Al-Lami told , “The American powers are available on Iraqi soil and in army installations,” demonstrating that “the arrangement specified the presence of warning specialists just, yet the fact of the matter is the presence of American battle powers.”

He added, “The presence of American specialists on Iraqi soil is to guarantee working with the assignment of managing American weapons that were contracted among Baghdad and Washington in the previous periods.”

“America controls bases within Iraq, most notably Al-Harir, Ain Al-Assad, Al-Rimal, Al-Habbaniyah, and Al-Taji,” he stated.

He called for “being honest with the Iraqi nation about the American presence.”

Sat. 14 Sept. 2024 Bond Payout by Batman, 15 SEPT

 Sat. 14 Sept. 2024 Bond Payout by Batman

• Payouts to the large bondholders will only take one week and not the 6-12 months stated. I know this as fact.

• Redemption of the bonds will actually fund the GCR. This is how the gold will be transferred to back the new asset-backed currencies worldwide. Again, this is something I know as fact.

• Payments being made this week will include instant liquidity.

• The percentage of the monetary value of the legitimate bonds outstanding I believe will be well over 90%.

• The facts I receive are not from another guru, or a Telegram channel or some other pundit. They come directly from the source. People can either accept that or dismiss it. If it helps some people, then great. If people don’t want to believe that or if they want to dismiss it then so be it.

Iraq's Digital Banking Revolution: 2024 Conference Highlights

DINAR REVALUATION REPORT: Iraq's Digital Banking Revolution: Launching New Financial Horizons in 2024, 15 SEPT

Iraq's Digital Banking Revolution: Launching New Financial Horizons in 2024

Iraq is poised to make significant strides in the digital banking sector, with the country expecting a substantial increase in the number of digital banks compared to its neighbors. 1 The Governor of the Central Bank of Iraq (CBI), Ali Al-Allaq, has expressed optimism about the growth of digital banking, predicting that Iraq will lead in this area with a greater number of digital banks than surrounding nations.

The Digital Banking Wave Sweeping Iraq

Al-Allaq highlighted the global trend toward digital banking, emphasizing the alignment of this shift with technological advancements. 1 With digital banks managing annual financial transactions worth approximately 7 trillion by 2027, the importance of digital banking is clear. 1

Iraq's strategic move toward digital banking is backed by extensive studies and the review of experiences from other countries, ensuring the establishment of well-defined rules and regulations for licensing digital banks. 1 This careful planning is expected to create a robust digital banking environment in Iraq.

National Bank of Iraq's Digital Transformation

The National Bank of Iraq (NBI), part of the Capital Bank Group, has taken a significant step in its digital transformation journey by partnering with Temenos, a Swiss software company specializing in banking and finance solutions.  3 This collaboration has led to the modernization of NBI's financial services, replacing outdated legacy systems with a unified core banking and payments platform.

Temenos' pre-configured capabilities and APIs facilitated a rapid and seamless transition for NBI, positioning it as the first within the Capital Bank Group to adopt Temenos Payments. 3 The National Bank of Iraq's Chief Operations Officer, Izzidin Abusalameh, emphasized that this achievement marks a significant milestone in the bank's digital transformation, enhancing operational efficiency and providing customers with superior digital banking experiences. 3

Qatar Development Bank: A Model for Digital Banking Excellence

Qatar Development Bank (QDB) has been recognized as the best digital bank at the 2024 Banking Excellence Awards. 5 This accolade acknowledges QDB's efforts in digital transformation and technological innovation, particularly in supporting SMEs and their digital transformation.  5

QDB's digital portal, launched in January 2023, offers integrated digital features and solutions for entrepreneurs, streamlining operations and reducing paper procedures. 5 The bank's commitment to digital transformation has significantly bolstered customer satisfaction, with 92% of active users returning to the portal within 1-5 days due to its ease of use and integration with government and financial institutions. 5

The Licensing Rush for Digital Banks in Iraq

In a striking development, 70 digital banks have applied for licenses with the Central Bank of Iraq. 6 Governor Al-Alaq expressed surprise at the high volume of applications, ranging from 60 to 70 banks, and mentioned that the CBI is currently in the process of reviewing these applications. 6

This surge in applications underscores the growing interest and anticipation surrounding Iraq's digital banking sector. The CBI's commitment to keeping pace with global advancements and fostering development is evident in its engagement with domestic and international entities. 6 With the CBI maintaining strong relationships with international banks, electronic payment companies, and central banks worldwide, Iraq's digital banking landscape is poised for significant growth and innovation. 6