DINAR REVALUATION

Tuesday, November 12, 2024

THE RV HAS STARTED BY WOLVERINE @DINARREVALUATION

Indomie And Dollar Smuggling: Has Fast Food Become A Cover For Currency Smuggling From Iraq?, 13 NOV

Indomie And Dollar Smuggling: Has Fast Food Become A Cover For Currency Smuggling From Iraq?

Posted on 2024-11-11 by sotaliraq Economic expert, Nabil Al-Marsoumi, raised questions about the significant increase in Iraq’s imports of Indomie, and its possible connection to the smuggling of dollars abroad.

According to data from the General Authority of Customs, Iraq imported about 64,185 tons of Indomie during 2023 from all border crossings, except for the Kurdistan Region, at a cost of $17.7 million, or the equivalent of 23.6 billion dinars, recording an increase of 18% over 2022.

Al-Marsoumi points out, in a blog post, that the value of Indomie imports may exceed $50 million annually, given that two-thirds of imports pass through Kurdistan ports and unofficial ports, without being registered with the General Authority of Customs.

It is believed that the import bills for Indomie carry huge amounts that may be much higher than the announced figures.

This discrepancy surprised the US Federal Reserve, which in turn wondered whether these imports reflect a real demand from Iraqis for Indomie, or whether they are an indirect means of smuggling dollars abroad. LINK

TIDBIT FROM MILITIAMAN, 12 NOV

Militia Man

Article quote: Alaq says... "When we reach the point where everyone is headed towards using the official and fundamental channels in the transfer process then we find no room for there to be two prices for the dollar."

That's when he'll make his move. If he's not ready now, when will he be?

I don't know. That's his call. It's on him to know the marketplace.

When is the safest time to do it?

He's saying over the passage of time it gets shorter and shorter because the people are using the system properly. Once he changes the exchange rate I think that market, the two prices, go away like that, *snap*.

FIREFLY: "Alaq knows there is going to be a rate change" @DINARREVALUATION

Al-Sudani's Advisor Announces US Treasury Support Mechanisms For Iraq, 12 NOV

Al-Sudani's Advisor Announces US Treasury Support Mechanisms For Iraq

Posted on2024-11-11 by sotaliraq

The Prime Minister's Advisor, Mazhar Muhammad Salih, announced the mechanisms of the US Treasury's support for Iraq since 2003, while pointing to the continuation of consultations with the US Treasury regarding combating money laundering.

Saleh said in a statement to the official media: “The cooperation and coordination between Iraq and the US Treasury extends back to the first years since the change of the former regime,” indicating that “the Treasury played an important supporting role in supporting the Paris Club agreement in 2004 concerned with writing off Iraq’s debts called pre-1990 debts, and the presence of Treasury representatives in the Paris Club agreement secretariat helped ensure the writing off of 80% or more of the former regime’s debts.”

“The US Treasury succeeded in supporting infrastructure financing in Iraq through the conference held in the Spanish capital, Madrid, on October 23-24, 2003.

Its primary goal was to mobilize financial support for the reconstruction of Iraq after the US-led invasion in 2003. Seventy countries and international organizations participated in the conference,”

he added, explaining that “the conference was able to collect pledges amounting to about $33 billion, but a large part of these amounts was in the form of loans or technical support, and not all of it was direct financial aid.”

He explained that “the US Treasury contributed to establishing the Iraqi payments system in 2006 through a direct technical agreement with the Central Bank of Iraq to establish a wholesale payments system between the Central Bank on the one hand and the banks and the government in transferring funds and settling them electronically on the other hand, in addition to entering the era of settling bank checks electronically as well, which are matters in financial technology that are being introduced for the first time in our country,”

noting that “from the history of the important assistance provided by the Treasury, it has played an important role in replacing the local, fast-forgery edition of the dinar that was issued during the nineties siege in the largest campaign that Iraq witnessed between late 2003 and early 2004 with the international edition of the dinar, according to the highest international technical specifications.”

He stressed that “since the signing of the Strategic Framework Agreement in 2008 until today, there have been continuous consultations between representatives of the financial and monetary authorities in our country and the treasury to cooperate in combating money laundering and the proceeds of crime and terrorism in a manner that achieves governance and compliance for our financial and banking system as well as its optimal integration into the global financial and economic climate.” LINK

"THE RV HAS STARTED" BY WOLVERINE, 12 NOV

WOLVERINE
Sun. 10 Nov. 2024 Wolverine

“The RV has started. Thank you God. Everyone’s saying that by Tues.12 Nov. we should have a shotgun start.

Everything is going at once. The bankers had a meeting and said that Zurich has already started. The codes were locked in a couple of days ago.

Remember Tues. 12 Nov. is when we expect things to roll.” …Hi guys. I’m praying that this is our week as according to all my sources this is our week.

This has been so stressful for me as I can imagined for all of you as well. Tomorrow there is going to be meetings for quite a lot of private contracts as they expect to receive the GO sign by tomorrow Mon. 11 Nov.

The Precatorias are also ready to go this week just as many other platforms. I’ve been told that not to expect things to happen straight away for everyone as it is a process as it might take up to 10 days for the process to finish. As for the 4B group we should also receive the GO sign as well.

Notifications should hit your email by tomorrow Mon. 11 Nov. Please keep an eye on your emails. Please God let it happen. Just remember first of all I’m only a messenger as I have no control of this as the same goes to the owners of the platforms as they have no control of it .

It’s a military operation. I like to inform you that if anyone is creating fraud and taking advantage of people that the Alliance is watching all of this and there will be consequences.

I like to say that I will never surrender as I cannot abandoned you as too many of our patriots are suffering. I’m sure by the grace of God that this is our week. Also pray for our patriots in Spain as there are hundreds of people missing in Valencia due to the flooding as so many people have lost their homes and love ones. God bless Wolverine”