Thursday, November 28, 2024

MAJEED: IRAQ IS ADJUSTING SALARIES WITH THE NEW RATE & STABILIZING THE IRAQI DINAR RATE @DINARREVALUATION

DINAR REVALUATION REPORT: Iraq launch the Visa card for E-Shopping, 28 NOV

Iraq launch the Visa card for E-Shopping

The currency has to be in forex for citizens to be able to purchase online from foreign sellers

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Trade Bank of Iraq launches first experimental Visa card

The Trade Bank of Iraq announced the launch of the first experimental Visa Card.

The bank’s media advisor, Aqil Al-Shuwaili, said in a statement, “The Trade Bank of Iraq has begun launching the first experimental Visa card.”

He pointed out that "this visa included features for use in the online shopping process as well as for use in purchase

STATUS OF THE RV, PART. 3, 28 NOV

EXCERPTS FROM MNT GOAT

I will probably by calling my CBI contact tomorrow to get a status update. The news from Iraq is all still very good. There is so much progress. The BIG event of course, will be the ending of the current currency auction process and use of the new system already to implement.

The CBI has told us that nearly 95% of the current payments needed for imports is covered by the four (4) correspondent banks for this purpose. These are four of the largest US run banks. I would add that because they already narrowed the money needed down to only 5% remaining that maybe the CBI might step in to help out and cover this amount for the first few months, rather than have an inflation issue.

Also remember that the clock is ticking and other outside banking relationships must take place but will most probably never take place unless the IQD is valuable again and most importantly on these terms it must also be reinstated back on FOREX for investors to “legally” use this currency in their portfolios of investments for their clients. This is the key. Yes, this is really just where we are right now. We are at the edge and so when will the CBI make that move and go over the edge with good assurances that the currency will NOT crash.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

DINAR Revaluation Report Crazy Currency INCREASE IN VALUE!! GLITCHES AGAIN !!! : VND TO $0.39 USD

AL-ALAQ: THE MONETARY SITUATION IN IRAQ IS EXCELLENT AND OUR RESERVES SUPPORT THE STABILITY OF THE EXCHANGE RATE, 28 NOV

AL-ALAQ: THE MONETARY SITUATION IN IRAQ IS EXCELLENT AND OUR RESERVES SUPPORT THE STABILITY OF THE EXCHANGE RATE

The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Monday, that the monetary situation in Iraq is very excellent, noting that “the increase in the volume of reserves enables us to support the exchange rate and achieve monetary stability.”

Al-Alaq added in a press statement that the Central Bank is distinguished by its ability to “respond to providing the country’s needs for currency,” indicating that “foreign transfers for trade purposes are proceeding smoothly after the implementation of the new system.”

Al-Alaq revealed that “the Central Bank will launch a new mechanism for travel or treatment transfers next year,” stressing that “there are agreements with four companies to launch a new mechanism for travel or treatment transfers.”

STATUS OF THE RV, PART. 2, 28 NOV

Video – Iraq completes the National Census

😊 You might want to take a look at the article titled “PLANNING: ANNOUNCEMENT OF PRELIMINARY RESULTS OF THE GENERAL CENSUS IN IRAQ WILL BE NEXT WEEK” In it it describes the three phases of the census. Good read!

This census taking has VERY LITTLE to do with the HCL individual Oil revenue sharing/distribution folks. Again, just more guru talk by the idiots. Just another single guru event that they try to focus on to get your attention to go to their sites and conference calls. Yes, they think you are dumb and gullible!

😊 Having said my commentary about the census taking I want t address an article titled “THE EUROPEAN UNION ORGANIZES A WORKSHOP IN BASRA ON CENTRAL ADMINISTRATION AND THE WEALTH DISTRIBUTION SYSTEM” Yes, it’s all related. The European Union organized a workshop in Basra on central administration and the wealth distribution system. Basra Governor Asaad Al-Eidani stressed during the workshop that the distribution of wealth has limitations for the poorest areas as well as areas with high population density, in addition to areas that were damaged by the wars that Iraq witnessed. So, what does this article tell you?

This tells you that the GOI has to now change the monthly payments of the regions of Iraq based on the results of the census. Coincidental that this article comes out on the heels of the census results. I know the words Wealth Distribution System also got my attention, but if you really read the article. Yes, take the time to read the article and not go off half-cocked creating HCL payment rumors, you would know the FACTS of what they are saying and why they use the terms Wealth Distribution System. The article is NOT using it on a personal level but rather on an overall level of how much the GOI has to shell out each month of the oil revenues to help these regions survive. The money goes to the local regional government to provide services to the public. Get it? This is NOT individual wealth payouts. Get it?

This will continue to be paid to the regional governments until they can roll over many of these government jobs from the GOI payrolls into the private sector. Then sometime in the distant future, maybe the GOI could suggest an excess oil wealth distribution on a scale at the individual level. But certainly not now. If you truly read the Iraqi constitution this process is clearly spelled out.