Friday, November 29, 2024
November 25–27, 2024: Redemption Centers Fully Operational, 29 NOV
November 25–27, 2024: Redemption Centers Fully Operational
- DNA Verification Technology Deployed: Redemption Centers across North America, Europe, and Asia completed their security integration by November 25, enabling appointments for wealth exchange to proceed seamlessly. Participants reported encountering Quantum Verification Portals (QVPs) that scan DNA to authenticate their QFS profiles, ensuring the C***l cannot infiltrate the process.
- Reports from Insiders: Early Redemption Center attendees described holographic presentations detailing how seized elite assets are being redistributed into humanitarian initiatives. These briefings showcased real-time updates on confiscated offshore accounts and funds allocated for rebuilding regions devastated by economic sabotage.
Al-Tawki: Agreement on the region’s dues paves the way for broader understandings on the oil and gas law, 29 NOV
Al-Tawki: Agreement on the region’s dues paves the way for broader understandings on the oil and gas law
Member of the Parliamentary Oil and Gas Committee, Kazem Al-Tawki, revealed an agreement that paves the way for broader understandings regarding the oil and gas law.
Al-Tawki told {Euphrates News} that: “The recent agreement with the Kurdistan region is considered a good initiative because the point of contention in the law was the issue of dues and the costs of extracting the region’s oil.”
He added, “It set a high ceiling for financial costs estimated at $22 to extract one barrel, although the costs of extracting oil in the south and the central government contracts do not exceed $12 as the highest cost.”
"MONETARY REFORM FOCUSES ON THE BANKING SECTORS OF IRAQ" BY FRANK26, 29 NOV
KTFA
FRANK26: "MONETARY REFORM FOCUSES ON THE BANKING SECTORS OF IRAQ"
Focus on the banking sector
11/26/2024
Yasser Al-Mutawali
It is noted these days that there is a growing interest in the banking sector in general, both governmental and private sectors.
What does this trend mean?
This comes amidst a noticeable shift in attention towards the banking sector through the government’s allocation of significant time in light of its enormous responsibilities, which means its awareness that all economic activities, including the implementation of strategic projects and means of encouraging investment, require a solid banking sector to implement its economic programs.
This moral support, which is represented by interest, requires taking encouraging steps for banks to perform their role to the fullest extent, represented by laws and procedures that guarantee the banking sector and push it towards implementing its required development programs.
The month of October of this year witnessed many important meetings between the government and representatives of the banking sector, which discussed the requirements for activating banks.
It is noteworthy that the focus was on the process of restructuring Rafidain Bank, which is the first bank in Iraq that the government relies on to play a developmental role that matches the size of its savings, especially since it is the container that preserves government savings as well as the savings of the public, which are no less important. The goal is certainly to invest this money and put it into the labor market in a way that achieves rapid capital turnover that contributes to creating wide job opportunities by operating idle production sectors, workshops, factories, etc. However, this interest was not limited to government banks, but rather extended to the same interest in private banks through meetings and discussions of their needs, whether by the government or the Central Bank of Iraq, and attempts to overcome the challenges they face.
The results of this government movement represented by the interest in the government sector and in parallel with that, the completion of the final touches to the lending strategy and its launch, which comes to correct the course of random, non-targeted loans. This new strategy is relied upon to activate various important economic sectors represented by directing loans towards implementing projects with a strategic dimension that contribute to stimulating the economy and help in diversifying sources of income as a final product for banks and correcting the structural distortion in the economy and its transition from a rentier economy to a diversified economy. This is the summary of the objectives behind the increasing government interest in the banking sector, and from here came the realization of the importance of the banking sector in achieving sustainable development. In addition to that, the launch of the activity of Riyada Bank to support small projects within the objectives of providing job opportunities for unemployed youth, as well as providing some market requirements for goods, commodities and products that reduce the import process that absorbs foreign currency. There is no doubt that launching the trading of the issuance of government bonds (Injaz) involves achieving the same reform and development goals and falls within the government's interest in the banking sector, which will contribute to promoting, selling and trading them.
FM discusses regional and international developments with Spanish counterpart, 30 NOV
FM discusses regional and international developments with Spanish counterpart
Baghdad - INA
Foreign Minister Fuad Hussein discussed regional and international developments with his Spanish counterpart, Jose Manuel Albares, today, Friday.
The Ministry of Foreign Affairs stated in a statement received by the Iraqi News Agency (INA), that "Deputy Prime Minister and Minister of Foreign Affairs, Fuad Hussein, met with the Spanish Minister of Foreign Affairs, Jose Manuel Albares, at the headquarters of the Spanish Ministry of Foreign Affairs, the European Union and Cooperation in the capital, Madrid," noting that "the meeting began with an official reception by the Spanish Minister of Foreign Affairs, followed by a bilateral meeting that addressed a number of issues of common interest."
MOFA added that "the two sides reviewed the bilateral relations between Iraq and Spain, where they were evaluated in their economic and political aspects as being in a noticeable positive development," noting that "the meeting discussed the current situation in the Middle East and the international situation, including the military escalation in the Gaza Strip and Lebanon, the developments of the Russian-Ukrainian war and the need to find a way to end this conflict.
The minister praised, according to the statement, "the participation of Spanish companies in infrastructure projects in Iraq, and the importance of strengthening cooperation between the public and private sectors in the two countries," calling for "activating political consultations by holding a meeting at the level of undersecretaries of the two ministries of foreign affairs, to resume the work of the joint committees, which was welcomed by the Spanish minister, who pledged to implement this proposal soon."
The minister touched on "the importance of organizing training courses in cooperation with friendly countries, with a focus on the Spanish Diplomatic Academy to train cadres of the Iraqi Ministry of Foreign Affairs in the fields of European-Latin American relations, and the two sides agreed to work to activate this proposal," appreciating "the positive position taken by the Spanish government towards the events in the Middle East, expressing Iraq's thanks for this support "Humanitarian", expressing his "hope that the new US administration will contribute to finding solutions to the crises that are sweeping the region and the world".
The ministry concluded saying that "the meeting stressed the importance of strengthening cooperation between the two countries in various political, economic and diplomatic fields, in a way that enhances regional and international stability and peace".
TIDBITS FROM ARIEL, 29 NOV
ARIEL
Iraqi News Tidbit: Down To The Wire
AL-Al aq: There is no sudden transition, but rather a gradual transition that began in 2024, where the banks' relationship was transferred directly to correspondent banks without passing through other links,
and the process has been completed with continued success," he continued, stressing that "more than 95% of this goal has been achieved, and this process will be completed successfully within the next two weeks,"
noting that "there is international anticipation to celebrate this occasion.
https://dinarevaluation.blogspot.com/2024/11/ariel-iraqi-news-tidbit-down-to-wire-26.html
Ariel
You all need to understand the financial implications of this inflation rate. This is not conjecture or some wild off beat theory. Iraq literally can not afford to come out below 10.
Because the Central Bank of Iraq (CBI) has implemented measures to stabilize the currency, including securing approval from the U.S. Federal Reserve to supply dollar cash in 2024.
However, of course those efforts have not fully mitigated inflationary trends.
Imagine having 1-5 million in IQD and you wake up with an extra 13 million to 65 million.
https://dinarevaluation.blogspot.com/2024/11/ariel-prolotario1-financial.html