Friday, October 4, 2024

CBI INTEL CONTACT FROM MNT GOAT UPDATES @DINARREVALUATION

"FINANCIAL SITUATION MEANS MONETARY REFORM SUCCESS!!! by FRANK26, 5 OCT

KTFA

FRANK26: "FINANCIAL SITUATION MEANS MONETARY REFORM SUCCESS!!!

Government Advisor: No concerns about Iraq's financial situation and our foreign reserves are diverse

10/2/2024

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, reassured about the financial and economic situation of the country.

Saleh told Al Furat News Agency: "We should not worry about the current fluctuations in either monetary gold or the various foreign currencies that make up the country's foreign reserve portfolio, which varies from major foreign currencies and monetary gold, according to the global standard investment guidelines adopted by the monetary authority in high-level technical cooperation with multilateral international financial organizations, specifically the International Monetary Fund and the World Bank."
He explained, "Usually, the Central Bank of Iraq hedges in managing its sovereign investment portfolio with a studied and highly sensitive diversity and with standard ratios and precise weights for each foreign currency in addition to the monetary gold that makes up the foreign reserves, within the scope of what is called hedging against the risks of fluctuations in exchange rates of currencies and gold, which is a policy that expresses the efficiency of managing the country's investment portfolio and according to diversification in various foreign currencies and gold."

Saleh explained, "The decline in the market value of gold, for example, must be met with an increase in the value of the dollar or other foreign currencies through the management of the components of the foreign reserves portfolio itself, as diversification is an important pillar of the hedging policy in managing investments in foreign assets from fluctuations in foreign exchange rates and gold through diversifying the country's sovereign investment portfolio."

He pointed out that "the sovereign investment portfolio avoids what is called in the literature of accounting policy of central banks (unrealized losses) by immediately realizing (unrealized profits), which are the same unrealized profits that correspond to the unrealized losses resulting from fluctuations in gold or foreign currency prices at the same time."
He pointed out that "the availability of a good diversification policy, in the assets or holdings of the investment portfolio, is sufficient neutrality in maintaining the total market value of the country's foreign assets reserve and the stability of its value at all times."
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Raghad

LINK

RV UPDATE BY MNT GOAT, 5 OCT

Mnt Goat

Prime Minister Mohammed Shia al-Sudani confirmed from New York that the currency sale window will close at the end of this year, while revealing the government’s intention to establish a new bank that adopts the latest technologies.

WOW! WOW! We have been waiting for this for decades. Now it Is reality. Finally!!

Iraqi Banks Go Global: Multi-Currency Transfers Now Live! #gold #news #...

"TRIPARTITE BUDGET IS READY BECAUSE OF THE MONETARY REFORM SUCCESS." BY FRANK26, 4 OCT

KTFA

FRANK26: "TRIPARTITE BUDGET IS READY BECAUSE OF THE MONETARY REFORM SUCCESS.".....F26

Salaries are secured.. Finance Committee: Discussing 2025 budget schedules to begin next month

Baghdad

The Parliamentary Finance Committee announced that it will begin discussing the 2025 budget schedules early next November.
Member of the Finance Committee, Mohammed Nouri, said in a statement to the official newspaper, followed by (Mawazine News): "The committee reiterated that employees' salaries are fully secured until the end of the current year, and there is no delay."
He added that "the committee is working through its meetings with financial specialists in the Ministry of Finance and the Central Bank to address the delay in financing governorate allocations and ongoing projects, and to launch project packages in the coming few days.
" Nouri indicated that "the committee will begin discussing the 2025 budget schedules early next November, in order to ensure employees' salaries, project allocations, and other financial obligations."

LINK

RV UPDATE BY JON DOWLING, 4 OCT

JON DOWLING

Let’s see when Sudani releases the corrupt files in Iraq.

Once Israel finishes in Lebanon, which looks to be completed soon, Iran is next!

@JonDowling

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JON DOWLING

Three major takeaways from PM Sudani’s great efforts last week at the UN General Assembly:

1.) He announced the end of the currency auctions this year, not next year,

2.) Israel was waiting for the announcement of the currency auctions. Once they got it, you can see they started striking and are summarily taking out every bad guy in sight. Next up: Iraq/Iran for the grave surrender,

3.) The UN did appoint a new middleman to replace Jeannine, but notice you haven’t seen them at all and you probably won’t, since everything is coming to an end.

@JonDowling

https://dinarevaluation.blogspot.com/2024/10/rv-update-by-jon-dowling-3-oct.html

DINAR REVALUATION