"BUT THE GRAND PRIZE WILL NOT HAPPEN UNTIL THE END OF THE YEAR" BY FIREFLY, 20 OCT

 Frank26 

  [Iraq boots-on-the-ground report]   

FIREFLY: Mr. Sammy...knows someone that attended a big meeting with the Untied States Treasury and the CBI and they said Iraq is coming off the electronic platform.  

FRANK: The auctions. 

  FIREFLY:  And expanding the dinar to go outside of our borders and go international at the end of the year. 

 So all we will see for now on, according to Mr. Sammy, are just steps taking place to get there. 

 But the grand prize will not happen until the end of the year. 

 Mr. Sammy said his friend was there and knows this first hand.  

FRANK:  My heart still holds out for this year though but...these two months are important to make sure everything comes out in order for the citizens to be successful

MILITIAMAN: MM&C News Reporting - Iraq Dinar Updates - Gold - Investor Confidence - ...

In the Baghdad Palace.. The presidencies discuss the election of a speaker of parliament, the approval of laws and financial issues, 20 OCT

 In the Baghdad Palace.. The presidencies discuss the election of a speaker of parliament, the approval of laws and financial issues

Shafaq News / The Presidents of the Republic Abdul Latif Jamal Rashid, the Council of Ministers Mohammed Shia Al-Sudani, and the Judicial Council of Faik Zeidan discussed the files of electing a new president of the House of Representatives and the approval of important laws, and continuing to finance the ministries from the federal budget in Iraq.

The meeting at Baghdad Palace discussed, according to a statement received from Shafak News Agency, the file of the presidency of the House of Representatives and the efforts made to speed up the resolution of this entitlement, and emphasize the support of those efforts in a way that contributes to achieving the supreme interest, and strengthening the role of the House of Representatives in integration with the executive and judicial authorities.

The presidents discussed the reasons for the delay in the presentation of some important draft laws prepared by the Presidency of the Republic and the need to include them in the agenda of the Council in its upcoming sessions, as well as reviewing the judicial procedures taken within the framework of publishing and media crimes, and monitoring cases of abuses in the face of the systematic campaign launched by some suspicious pages to target presidencies, ministries and state institutions, and prosecute their perpetrators in accordance with the provisions of the law.

The meeting also touched on the government measures taken in the financial aspect, in order to ensure the financing of ministries and governorates from the investment budget and the budget for the development of the regions, in addition to creating the appropriate environment and logistical supplies for the Independent High Electoral Commission, to begin its preparations for the holding of parliamentary elections scheduled for next year.

The participants stressed the importance of conducting the census as a development goal for the country on which economic and social policies, plans and programs depend.

They also discussed the overall situation in the regional arena, the developments of the “Zionist aggression against Palestine and Lebanon”, and the efforts made to encircle these attacks and strengthen the unity of the political position towards protecting Iraq and its people from any possible escalation.

https://www.shafaq.com/ar/سیاسة/في-قصر-بغداد-الر-اسات-تبحث-انتخاب-ر-يس-للبرلمان-و-قرار-القوانين-وقضايا-مالية

MILITIAMAN CC HIGHLIGHTS NOTES, 20 OCT

 MILITIAMAN CC HIGHLIGHTS NOTES

Summary

Iraq is progressing with economic reforms, enhancing banking services, and aiming for international compliance to boost its currency value and attract investments.

Highlights

• 🇺🇸 US supports Iraq’s economic reforms and budget updates.
• 🏦 Iraqi Trade Bank announces new branches to improve banking services.
• 💰 Focus on reducing cash deposits and promoting digital banking.
• 📈 Iraq’s currency expected to strengthen with upcoming reforms.
• 🌐 Iraq participates in global tech cooperation for economic advancement.
• 🛤️ New agreements enhance logistics and international trade.
• 👥 Salaries to be localized in federal banks for transparency.

Key Insights

• 📊 Economic Partnership: The US’s commitment to Iraq’s economic reform underscores a long-term partnership aimed at stability and growth, crucial for attracting foreign investment.
• 🏧 Banking Transformation: The opening of new branches signals a shift towards a more robust banking system, facilitating better citizen services and reducing reliance on cash.
• 💸 Digital Banking Push: The emphasis on digital transactions reflects a broader trend towards modernization, essential for improving transparency and efficiency in the economy.
• 🔄 Currency Strengthening: The Iraqi dinar is poised for a potential increase in value, driven by reforms that aim to stabilize the currency and improve purchasing power.
• 🤝 Global Engagement: Iraq’s participation in international technology forums indicates its commitment to integrating with global markets and enhancing its economic landscape.
• 🚚 Trade Agreements: New logistics agreements signify Iraq’s readiness to expand its trade capabilities, crucial for economic development and regional cooperation.
• 🏛️ Salary Localization: Localizing salaries through federal banks aims to improve transparency and efficiency in payment systems, addressing previous issues of corruption and mismanagement.

FIREFLY: "BUT THE GRAND PRIZE WILL NOT HAPPEN UNTIL THE END OF THE YEAR"...

Credit Bank of Iraq achieves a profit of 20.4 billion dinars, 20 OCT

 Economy News – Baghdad

The Iraqi Credit Bank achieved a net profit of 20.4 billion dinars from the beginning of the year until the third quarter.

According to the bank’s financial statements, revenues amounted to 26.4 billion dinars, achieving a growth of 38% during the same period last year of 19.1 billion dinars.

The bank’s assets rose to 524.8 billion dinars, but deposits fell to 137.5 billion dinars from 150.6 billion dinars.

The bank owns a retained profit of 38.7 billion dinars, which has been an accumulation for many years.

https://economy-news.net/content.php?id=48924

BANK STORY: "IRAQI DINAR WILL NOT KEEP THAT LOW VALUE LONG" BY MARKZ, 20 OCT

 MarkZ  

 Bank Story

   “Spoke to the teller at my Chase bank this morning in Arizona. I asked if this branch would be a RV center….He didn’t know what I meant so I told him about the dinar.

 He said he was from Iraq and still has family there.

 He told me that Iraq was in a Renaissance and is a very prosperous nation.

 He also confirmed Iraq has gone to a new digital banking system.“ 

 Iraq dinar will not keep that low value long.