Member: If it was – we would be exchanging…so just another rumor…imo
MZ: its kinda half way trading on forex…it’s getting a little exciting as we are starting to see fluctuations. First step is to lift sanctions. But now that it’s in place the value could jump quickly. They are laying the groundwork.
Member: Do we have to pay transaction fees when we exchange at redemption centers.
MZ: I was told that one of the biggest reasons to go to a redeeming bank/exchange center is that you will get access to your money right away and also all fees are already done. This will give you the best rate as possible.
FRANK26: "THERE WILL ALWAYS BE COCKROACHES IN THE GOV.".....F26
Al-Sudani: There are suspicions of corruption in all loan transactions in Iraq
12/14/2024
Prime Minister Mohammed Shia al-Sudani acknowledged, on Saturday, that there were suspicions of corruption in financial loan transactions issued by Iraqi government banks.
In a speech he gave during the opening ceremony of the first Riyada Initiative Conference and Exhibition in the capital, Baghdad, Al-Sudani praised the role of banks in the process of lending to the youth participants in that initiative, adding that “let us admit that there are suspicions of corruption in all loan transactions, which we have reached in our previous experiences.”
He added, "We are facing a new reality and a new era for Iraq in which all its capabilities and natural resources that were not properly invested are invested, and these small projects will be the nucleus for other medium and large projects," noting that "most advanced industrial countries started with small projects and ended with large companies that sponsor a full spectrum of small companies."
Al-Sudani continued by saying: We are working on developing various sectors, and in partnership with foreign companies, the local product must be present, noting that “parts of the automobile industry can be manufactured in local workshops, and government banks will be present in supporting (Riyada) initiatives.”
The Prime Minister concluded his speech by saying: We have an integrated vision that starts with the youth to cover the needs of the local market for goods.
You know how many times that makes that Sudani told the citizens that he's going to keep his solemn oath promise to give them purchasing power?
You know how many times he has said that?
This is the ninth time...Why would Sudani be a habitual informer to the citizens that he's going to keep his promise of giving them purchasing power through a new exchange rate by lifting the three zeros off their exchange rate and introduce lower notes? Why would Sudani do that so many times?
US Secretary of State Anthony Blinken expressed his astonishment today, Saturday, after his recent visit to Baghdad, at the construction in Iraq and the vitality in the capital, while indicating that the Iraqi people deserve this development.
"I was amazed when I arrived in Baghdad by the construction and vitality of the capital," Blinken said in a speech to reporters after leaving Baghdad, as followed by the Iraqi News Agency (INA),indicating that "important work has been accomplished to ensure that Iraqis receive the necessary services to build a better life."
He pointed out that "it is impressive that these changes are happening, and the Iraqi people deserve this development."
Yesterday evening, Prime Minister Mohammed Shia received US Secretary of State Anthony Blinken and discussed with him bilateral relations between the two countries, ways to enhance joint cooperation, as well as discussing the situation in the region, developments in the current events in Syria, and the regional and international efforts required to enhance security in Syria and the stability of the entire region.
US Secretary of State Antony Blinken expressed his astonishment and admiration for the work and change taking place in Baghdad. Blinken said in a speech to reporters after leaving Baghdad: "There is important work that has been done to ensure that Iraqis receive the necessary services to build a better life."
He added: "I expressed my astonishment to Prime Minister Mohammed Shia al-Sudani when I arrived in Baghdad, with the construction and vitality of the capital, and there is important work that has been done to ensure that Iraqis receive the necessary services to build a better life."
He continued: "It is impressive that these changes are taking place," stressing: "The Iraqi people deserve this development."
MZ: There is an excellent chance that it is. I am waiting to hear from bond folks and groups today and tomorrow. hopefully I will have an update by this evening.
Member: There are tons of rumors today . I have iraqi sources that are very happy and have a lot of money- but they won’t tell me where it has suddenly came from. I did get an update from another contractor in Iraq who said “yes, we are prepared for a new rate” after their negotiations last week.
MZ: Something is going to change because they are looking at “changed rates” on contracts and what they will be getting paid and how. I do know for certain there have been negotiations over a new rate. So rate is about to change or they would not have negotiated it. There are some pretty excited people in Iraq.
Member: My sisters friends boyfriend is in tier 3 and they got a code on being paid Friday night. Fully paid spendable money.
MZ: I am not surprised. Depends on which pot of money its coming from but to me, I do not doubt some money is moving.