TIDBITS FROM MILITIAMAN, 2 DEC

 Militia Man 

 We have a couple members that speak fluent Arabic...They come in on occasion and talk to me...or I reach out to them...to see if they can reach out to the tribal people or people that they know that are working on the ground...What I learned was...

He gave an example if you're taking a credit/debit card from a country A to country B and it works, meaning you have the ability to transfer money from one country to another on your card, ...you can swipe your card into an ATM and get money, let's say you're [Iraqi],

 if you're in a different country and you can swipe your card and get dinar or convert [Iraqi dinar] to Jordanian dinar or you can go to Saudi Arabia...the United States... Europe, if the card works in those counties, it's going to be reflective of...an exchange rate..

 Article: "Trade Bank launches first experimental Visa card."  

Quote "...the Visa includes features for use in online shopping as well as for use in purchases..."   

When we go online, we're international in the World Wide Web.  It sounds like you're going to be able to use a new electronic card across borders.  If this is an international card, showtime is about to being.  Because once they have experimented, if it works, everybody's going to get one.

" NOVEMBER & DECEMBER ARE TO PREPARE FOR THE LAUNCHING OF THE NEW EXCHANGE RATE AND LOWER NOTES

 

Iraqi Integrity Committee blames ex-CBI employee for US sanctions on banks, 1 DEC

Iraqi Integrity Committee blames ex-CBI employee for US sanctions on banks

Shafaq News/ On Sunday, the Iraqi Parliamentary Integrity Committee accused a former Central Bank of Iraq (CBI) employee of being behind the US Federal Reserve sanctions on some banks in the country. 

A total of 32 out of 72 banks operating in Iraq have been sanctioned.

Iraqi MP Vian Dakhil, a member of the Integrity Committee, stated that the former CBI employee concealed emails from the Federal Reserve, JPMorgan, and Citibank about banking operations.

“The failure to address these issues resulted in sanctions against some banks…Most affected banks are unaware of the reasons for the sanctions,” she added. 

Unusual Situation

Meanwhile, economic expert Mustafa Akram Hantosh told Shafaq News that Dakhil's statements are “closer to reality” than those of the CBI.

He noted that “the collapse of the Iraqi banking system and the sanctions on 32 Iraqi banks without clear charges over the past year and a half is highly unusual, possibly a first-of-its-kind incident in global banking. ”\

Lack of Solutions

“The worst aspect,” Hantosh highlighted, “is the CBI's failure to provide serious solutions. Instead, the CBI plans to cancel the Fitr platform by the end of 2024 and transfer dollar-related operations to investor-owned banks and foreign ones (Jordanian and Gulf).”

The expert further warned, “If the CBI fails to address issues in Iraq’s banking sector, it could lead to the collapse of the entire system and the loss of nearly 100,000 private banking jobs to Jordan and Gulf countries.”

“Why don’t Iraqi banks secure guarantees to open dollar accounts with correspondent banks (Citibank/JP Morgan) like other countries in the region?” he asked. “Why the cooperation and auditing mechanism with Ernst & Young for non-dollar currency transactions remains undetermined or unannounced?”

TIDBIT FROM MARKZ, 1 DEC

  MarkZ   

[via PDK]  

 Article:  “Parliament is likely to pass Personal Status Law during Sunday’s Session”  

 This is one of the controversial laws they need to finish up. 

 This along with the HCL are some of the last changes they wanted for their economic reforms or “White Papers”.  In those reforms are Raising the value of the dinar!

MAJEED: NOW THEY ARE ONLY LETTING THE DINAR TO STAND UP INSIDE THE COUNTRY @DINARREVALUATION

 

CBI halts TikTok transactions in Iraq, 1 DEC

 CBI halts TikTok transactions in Iraq

Dec. 1, 2024

ERBIL (Kurdistan24) – On Sunday, the Central Bank of Iraq (CBI) issued a decree to all licensed banks and financial institutions to halt all monetary transactions, either deposition or transfers, of TikTok company agents within Iraq.

This is a significant financial development in Iraq as it could obligate the TikTok Company to abide by the Iraqi laws and regulations for monetary transfers.

Iraq, like other regions of the world, has seen a surge in TikTok users. However, there is a growing trend to transfer money to the ‘TikTokers’ and content creators on this social platform.

The Central Bank of Iraq’s decree proves to be a legal effort to regulate all the monetary movements within Iraq and the social media users in Iraq.

JON DOWLING: Early Christmas thus year!, 1 DEC

 JON DOWLING

✅ Green means go! Watch XRP get to $10–15 next in no time. We’re practically in December now. 

Watch what Iraq does over the next two weeks and China Taiwan is really heating up! A December to remember!📈🙏🙏🙏

Wells Fargo is ready to go with the QFS and the US Debt Clock is Gold!! 

62,000 wealth managers nationwide ready to go!

 Get your affairs in order. 

Early Christmas thus year! Iraq finishing all the important laws this week.👀 🙏