Ali Al-Alaq is still the acting Director of the CBI just as we were told by my CBI contact the GOI never did accept his resignation. The goals are still the same as they want to eliminate this Black Market corruption with the dollar and set the rate first at par with the official CBI rate.
Then once this is in control, they intend to change the official rate and the rest is history as the saga of the currency swap out can then occur.
Mant Goat
Article Quote: “Iraqi banks have the qualifications to switch to the electronic system, noting that “the transformation of the financial sector to the electronic system with credit cards will pave the way for attracting international investments and increasing confidence in the Iraqi economy
.”
I have to say it is all just about implementing the Electronic Payment and Inclusion of the banks into this new process...the CBI and the Finance Committee...are committed now to complete this effort, and I believe they are way beyond our expectations of just where they currently stand in this effort...In short summary, is this not what we all want to happen so they can pull the trigger on this revaluation and reinstatement.
...they are now telling us they can see light at the end of the proverbial tunnel. No, they do not directly tell us this but you can read into the articles and understand the tone...
Economy | 09/21/2024 Mawazine News – Baghdad The Iraq Development Fund announced today, Saturday, the approval of a new governance, the first of its kind, and while explaining the details of the "rent from investor service", it set a date to start building 400 schools after completing their designs.
The Fund's Executive Director, Mohammed Al-Najjar, said: "The Board of Directors of the Iraq Development Fund holds regular meetings, and the last meeting was exceptional as it included the approval of what is called the new governance that has not been previously discussed in Iraq and the possibility of the fund working in line with other funds around the world," indicating that "governance is required as most projects are investment projects and governance in them will create a transparency issue in the entry and exit of funds."
He added that "the second axis discussed the activation of the Dubin Schools Project and the guarantees required from investors in schools to the government or the fund; with the aim of starting the project within a month."
Regarding purchasing services from investors, Al-Najjar stated that "the fund is on its way to activating the rent from investor service, as the school that is built is rented from the investor for ten years and then returns to the state," noting that "the basic idea of this work is that it will enable us to build 10 schools compared to one previously."
He stated, "We started purchasing the cost, which is divided over ten years, in the form of a lease, and this allows the construction of 10 schools at the same time instead of one," noting, "the importance of mobilizing capital from investors and the private sector to achieve profits through leases."
He explained, "This leads to the creation of a large movement of schools that are built at the same time and creates large job opportunities and demand for raw materials and makes the private sector an essential part with the government in implementing strategic projects," noting,
"When the fund was first established, the conversion of dilapidated mud schools and caravans was discussed to be implemented using this system, as their total number, according to available statistics, is 1,750 schools."
He stressed, "The fund will start with the first 400 schools within a month or less because the designs have been completed and the contracts with the consulting companies have been completed, and what remains is to choose the investors capable of implementing the first 400 schools according to international standards."
He stated, "These schools will be environmentally friendly and will be built in areas with little afforestation," noting, "No money will be granted until the school is received, after which the first lease will be granted."
He said, "If we succeed in this service, there are countries and organizations whose funding will be used."
Regarding the presidential palaces in Basra, he pointed out that, "The palaces are located in a very important location and will allow for the presence of structures that greatly serve tourism in Iraq, in addition to the fact that they generate very large resources." https://www.mawazin.net/Details.aspx?jimare=255211
Youwill receive a higher exchange rate on your currencies if you call the 800# and obtain an appointment at a Redemption Center. You will obtain a lower rate on your exchange if you do it at a bank. Zim can only be redeemed at a Redemption Center.
Wells Fargo is owned by the Chinese Elders and that’s why they are the ones sending out notices to set exchange/redemption appointments. They will be sending them out to anyone who has bought currency or Zim from a valid dealer. If you don’t get that email the same information will be available on various Dinar Websites, plus it will be contained in another of my Updates.
At your exchange/redemption appointment you will set up your own bank account on the new Global Financial System. You will have access to that money by way of special debit cards, quantum phones and computers which they will give to you at your appointment.
As far as notices go, no one knows the exact timing of when we obtain appointments to exchange because they are not going to let it out. I strongly feel that if we don’t receive appointments by Mon. 23 Sept., we will have them at the latest a week later by Tues. 1 Oct.
MZ: Let's talk about Zim first. Many people are still wondering if it will be worth it or not. What are the expectations and what do I understand about it?.
MZ: Know that ZIG, the gold-backed Zimbabwe currency, is very different from the Zimbabwean farm cheques and banknotes that most of us have.
MZ: I understand that Zimbabwe's bond exchange funds are from humanitarian funds. Since it's taken so long, these funds have been generating interest.. and they're like a modern day prosperity package.
MZ: This does not mean that all the exchange funds have to be allocated to humanitarian projects.
Shafaq News/ On Saturday, Iraqi Prime Minister Mohammed Shia Al-Sudani arrived in New York to participate in the 79th session of the United Nations General Assembly (UNGA) meetings.
Leading an official delegation to New York, Al-Sudani will deliver Iraq's statement before the General Assembly and another statement at the Summit of the Future 2024, where many world leaders and presidents will participate to discuss strengthening cooperation, addressing challenges, and reaffirming commitments.
According to its media office, the PM will hold “a series of meetings and discussions with several leaders and presidents of friendly and brotherly countries, as well as heads of participating delegations.” Additionally, he will meet with the UN Secretary-General and other officials from international organizations and UN bodies
