GOVERNMENT ADVISOR: TIGHTER CONTROLS ON SUSPICIOUS MONEY TRANSFERS REDUCE EXCHANGE RATE MANIPULATION, 13 DEC

GOVERNMENT ADVISOR: TIGHTER CONTROLS ON SUSPICIOUS MONEY TRANSFERS REDUCE EXCHANGE RATE MANIPULATION

Advisor to the Prime Minister, Mazhar Mohammed Salih, confirmed today, Wednesday, that tightening control over suspicious financial transfers reduces manipulation of exchange rates and the stability of the national currency, while indicating that limiting speculation reduces the use of foreign currencies in unproductive operations.

Salih said in a statement to the Iraqi News Agency (INA): “The Prime Minister’s directives to the monetary and financial authorities stressed the intensification of inspection and control procedures for financial transfers and monitoring speculators, which remain of great importance in enhancing currency stability and reducing speculation that is harmful to the national economy, through mechanisms leading to combating illegal speculative activities, including specifically: tightening control over suspicious financial transfers that conflict with the rules of compliance and transparency in a manner that reduces illegal activities, such as money smuggling or manipulation of exchange rates, which maintains the stability of the value of the national currency.”

He added that “taking strict measures against speculators and manipulators in the currency market strengthens confidence in the financial system and demonstrates the strength of government policy in protecting the national economy, and increases the confidence of citizens and investors in the country’s financial system, in addition to directing resources towards the real economy to invest in the available opportunities in it, whether industrial, agricultural or service,” noting that “by limiting speculation, the use of foreign currencies in unproductive operations is reduced, which helps to provide them to finance imports or beneficial investments.”

He continued that “the protective measures against currency speculation come to limit the negative effects resulting from the impact of regional crises, through preventive measures that reduce the exploitation of economic and political crises in the region to achieve illegitimate gains, which enhances the stability of the local market.”

Saleh explained that “the importance of limiting speculation and speculators’ opportunities remains in enhancing the efficiency of the banking system through the role of monitoring financial transfers, which undoubtedly contributes to revealing the loopholes in the banking system and enhancing governance and transparency in it, as such measures are in line with the comprehensive reform plan for the financial and banking sector, and aim to enhance financial stability and prevent violations that negatively affect the national economy.”

EXCERPTS FROM MNT GOAT, 13 DEC

 EXCERPTS FROM MNT GOAT

According to my CBI source on my conversation yesterday, this is all part of a news campaign to inform the citizens to justify these very near changes to the currency auction system.

 The CBI needs the support of the citizens. 

The CBI must have a solid backing of the citizens and they must know the truth for the change and know it is a positive change. 

Remember that this money stolen is their money. It is money that can’t be used to rebuild their country and provide the needed services.

😊You might want to take a look at the following articles today from Iraq. Are all these sudden articles coming out now coincidental? Yes why now?  

“GOVERNMENT ADVISOR: TIGHTER CONTROLS ON SUSPICIOUS MONEY TRANSFERS REDUCE EXCHANGE RATE MANIPULATION”  and

“PARLIAMENTARY COMMITTEE CRITICIZES DOLLAR SELLING PLATFORM: IT HAS MANY PROBLEMS AND SUSPICIONS OF CORRUPTION” and

“BETWEEN FINANCE PURCHASES AND CENTRAL BANK SALES… DISCLOSING A $10 BILLION DIFFERENCE”

Then in my last Newsletter dated 12/10 remember this article titled “WAYS YOU NEVER THOUGHT OF.. JUDGES REVEAL METHODS OF SMUGGLING HARD CURRENCY”

I  hope you can see why this kind of news is coming out now.

My CBI contact has told me that if the switch over of the currency, better known as the Project to Delete the Zeros, was not connected with a revaluation, then Iraq would have completed it a very long time ago.

Now that we all understand this we can now see why they delay in doing the Project to Delete the Zeros 

DINAR REVALUATION REPORT: Stop of Currency Auctions in Iraq 2024 @DINARREVALUATION #iraqidinar

 

UN MISSION: IRAQ HAS PROVEN TO THE WORLD THAT IT IS CAPABLE OF OVERCOMING CHALLENGES AND BUILDING THE FUTURE, 13 DEC

UN MISSION: IRAQ HAS PROVEN TO THE WORLD THAT IT IS CAPABLE OF OVERCOMING CHALLENGES AND BUILDING THE FUTURE

 The United Nations Assistance Mission for Iraq (UNAMI) confirmed today, Monday, that Iraq has proven to the world that it is capable of overcoming challenges and creating the future.

The mission stated in a statement issued on the occasion of Victory Day in Iraq, and received by the Iraqi News Agency (INA): “On December 10, Iraq celebrates Victory Day, in commemoration of the liberation of its lands from the control of the terrorist organization ISIS. This day represents an important national milestone in which the country recalls the great sacrifices made by the Iraqis to restore their land and establish security and stability throughout the homeland.”

It added, “Victory Day, in addition to being an occasion for heartfelt congratulations, comes to emphasize the need to preserve the gains achieved thanks to the efforts of everyone here in Iraq in addition to their partners from around the world. It also represents a call for everyone to strengthen national unity and joint action for a strong Iraq capable of facing challenges and free from the tensions and conflicts that plague the region.”

She continued, “On this occasion, we also appreciate the achievements made since the field victory over terrorism, and we call for continued work to rid Iraq not only of the remnants of ISIS, but also of all forms of extremism and fanaticism. We look forward to an Iraq in which everyone enjoys security, peace, respect for human rights and the rule of law, and to turning the pages of the painful past forever by promoting national reconciliation in a way that ensures the preservation of gains, focusing on what unites the word and unifies the ranks, and avoiding areas of division and division, including controversial topics that do not contribute to strengthening the unity of the fabric of society and the cohesion of its components.”

She indicated that “our great hope is that the joy of victory will be complete with the return of all those forcibly displaced due to this conflict to their homes with dignity and safety and when all Iraqi citizens are returned from Al-Hol camp in northeastern Syria and integrated into society.”

“In this context, we appreciate the great efforts made by the Iraqi government, with the support of the UNAMI mission and the team of United Nations organizations working in Iraq, in these files in particular,” she added, noting that “the United Nations renews on this occasion its full support for Iraq, government and people, in restoring sovereignty and full control over its territories and achieving stability and sustainable development.”

The mission
concluded its statement by saying, “Iraq has proven to the world that it is capable, with the solidarity of its people, of overcoming challenges and creating a brighter and more prosperous future for all its citizens.” 

DINARES GURUS UPDATE, 13 DEC

 DINARES GURUS UPDATE

Summary

Sudani promises a new exchange rate for the Iraqi Dinar, emphasizing the importance of passing budget and investment laws for Iraq’s economic growth.

Highlights

• 💰 Sudani promises RV date for the Iraqi Dinar.
• 📜 Parliament’s inaction delays new exchange rate.
• 👥 Sudani vows to hold politicians accountable.
• 🚀 Passing budget laws can unlock economic opportunities.
• 🌍 Iraq’s resilience is recognized by the UN.
• 🎓 Community efforts improve education and healthcare.
• 🤝 Unity among Iraqis drives change and progress.

Key Insights

• 💵 Economic Potential: Sudani’s commitment to a stronger Dinar aims to boost citizen confidence and stabilize the economy. This could shift market dynamics significantly.
• 🏛️ Legislative Roadblocks: The lack of passed budget and investment laws creates a bottleneck for economic development, underscoring the need for legislative action to enable funding for essential services.
• 🔍 Accountability Measures: Sudani’s promise to expose corrupt politicians signals a shift toward transparency, which is crucial for rebuilding trust among citizens.
• 🌱 Investment Climate: Robust investment laws are essential for attracting both local and foreign investors, which can catalyze job creation and infrastructure development.
• 🏗️  Community Resilience: Local initiatives in education and healthcare demonstrate the power of grassroots efforts, showcasing how communities can uplift themselves despite challenges.
• 🌟 International Recognition: The UN’s acknowledgment of Iraq’s resilience highlights the potential for growth and stability, encouraging global support and investment.
• 🤗 Collective Strength: The unity among Iraqi citizens in pursuit of change illustrates that collective action can lead to meaningful progress, serving as an inspiration for other nations facing similar struggles.

REINALDO JC: IT BEGINS!! @DINARREVALUATION #iraqidinar #iraqidinarinvestor #iraqidinarexchangerate

 

PARLIAMENTARY COMMITTEE CRITICIZES DOLLAR SELLING PLATFORM: IT HAS MANY PROBLEMS AND SUSPICIONS OF CORRUPTION, 13 DEC

PARLIAMENTARY COMMITTEE CRITICIZES DOLLAR SELLING PLATFORM: IT HAS MANY PROBLEMS AND SUSPICIONS OF CORRUPTION

 
Criticized Deputy president Committee Strategic Planning and Federal Service Mohammed Al-Baldawi, Central Bank Platform Iraqi To sell the dollar, while he pointed out that there are professional groups in fraud the law.

Al-Baldawi said in an interview with Sumaria News, “The platform for selling Dollar The transfer operations are plagued by many problems and suspicions of corruption. Pointing” Today, a new mechanism for transfer within the Central Bank has begun. Iraqi and its affiliated banks and institutions in order to simplify procedures for citizens, especially those who wish to travel outside the country for treatment or study.

 He pointed out that “these procedures are supposed to move forward to reduce the lengthy procedures and we see them as good, but today they need continuous follow-up, review, evaluation process and then evaluation of the performance of institutions because there are professional groups to introduce fraud and deception into the law Through groups, we saw this through cards and the platform.

He added: “We hope that this method and procedures will be easy for citizens and will ensure the preservation of foreign currency, as well as finding ways and outlets to facilitate procedures and provide what citizens need for travel, treatment and study.”