JENTEL NOTES : A RATE WAS POSTED TO PAY CONTRACTOS AT $3.92 ( ENGLISH & SPANISH), 18 DEC

 JENTEL NOTES

12-16-2024

RV NEWS-

JEN- Was a rate posted last week?

URIEL- Yes, half the rate was published.

URIEL- *To pay contractors. The fare was $3.92 and

will increase to a public rate of over $7.00. (I heard $7.65.)

JEN – Why?

JEN- When will we receive notifications to trade?

URIEL- «Wednesday night». (Not sure if it's Wednesday

in Iraq or here.)

JEN- Are the other levels being paid?

URIEL- Yes, underway.

JEN- Did Reno really start as reported?

URIEL- «Yes. Disbursements and contractors are being paid. The contracts were signed. The finishing touches are being made.

JEN- What is happening with the exchange rates of other currencies

due to the privately published dinar exchange rate?

URIEL- «The dong is ready, the bolivar is rising. exchange rates

They should be ready tonight.

TRANSLATION IN SPANISH

NOTAS DE JENTEL

16-12-2024

RV NEWS-

JEN- ¿Se publicó una tarifa la semana pasada?

URIEL- Sí, se publicó la mitad de la tarifa.

URIEL- *Para pagar a los contratistas. La tarifa era de $3,92 y

aumentará a una tarifa pública de más de $7,00. (Escuché $7,65.)

JEN- ¿Por qué?

JEN- ¿Cuándo recibiremos notificaciones para intercambiar?

URIEL- «El miércoles por la noche». (No estoy seguro si es el miércoles

en Irak o aquí.)

JEN- ¿Se están pagando los otros niveles?

URIEL- Sí, en marcha.

JEN- ¿Realmente Reno comenzó como se informó?

URIEL- «Sí. Se están pagando los desembolsos y los contratistas. Se firmaron los contratos. Se están haciendo los últimos retoques.»

JEN- ¿Qué está pasando con los tipos de cambio de otras divisas

debido al tipo de cambio del dinar publicado de forma privada?

URIEL- «El dong está listo, el bolívar está subiendo. Los tipos de cambio

deberían estar listos esta noche».

JENTEL NOTES : A RATE WAS POSTED TO PAY CONTRACTORS AT $3.92 @DINARREVALUATION #iraqidinarinvestor

 

Culture: Extensive tourism and heritage events await Baghdad in 2025, 18 DEC

 Culture: Extensive tourism and heritage events await Baghdad in 2025

Economy News – Baghdad

The Ministry of Culture confirmed on Monday that the choice of Baghdad as the capital of Arab tourism for 2025 came according to strict criteria set by the Arab Tourism Organization, which confirms its entitlement, while pointing out that the capital will witness extensive tourist and heritage activities.

The Undersecretary of the Ministry of Culture, Fadel Al-Badrani, in a statement reported by the official news agency, and seen by “Economy News”, said that “the choice of Baghdad as the capital of Arab tourism for 2025 came according to strict criteria set by the Arab Tourism Organization, and it was not a random decision or a courtesy that confirms Baghdad’s entitlement to this event.”
He pointed out that “the great efforts made by the Ministry of Culture, Tourism and Antiquities, in coordination with the Office of Prime Minister Mohammed Shia Al-Sudani, resulted in achieving this achievement.”

Al-Badrani added that “the Minister of Culture had submitted a coordination request in September 2022 to choose Baghdad as the capital of Arab tourism,” stressing that “the competent committees in the organization studied all nominations and chose Baghdad as a merit based on criteria that included infrastructure, security safety, health, culture, tourism and civilizational heritage.”

He explained that “the year 2025 will witness extensive tourism, heritage and entertainment events in Baghdad on the background of its selection as the capital of Arab tourism, and there will be organized programs and visits for archaeological, historical and heritage sites in the capital and other Iraqi cities, while highlighting the intangible cultural heritage of Iraq. Coordination will also be with the Ministries of Interior and Foreign Affairs to facilitate the granting of visas to expatriates and tourists, which enhances Baghdad’s position as a prominent tourist destination.”

EXCERPTS FROM MARKZ, 18 DEC

 EXCERPTS FROM MARKZ

Member: Let’s hope the new rate also comes by then.

MZ: It was our understanding auctions were supposed to stop on the 15th. But, they had an auction this morning hours earlier then usual…..  an auction worth about $275 million dollare were auctioned off….more dinars off the streets.

Member: I wonder - what are the chances that Iraq goes alone?

Member: A follower shared me the screenshot from today.said it was visible for 5 min at 3.29 before it reverted back.I could not verify it. Just FYI

MZ: We are seeing a lot of that…lots of rate fluctuations.

Member: Probably teaser rates while they keep testing the system.

MZ: I do have updates from different contractors and contractor groups. My personal friend over there says he will not give a rate as it would compromise the contracts. But I have heard from a couple others that the most common rate they are being told is $3.92 as they are redoing contracts.   I do not know how accurate that is but thought it was worth sharing. I did hear it from a number of sources so it may be just circletel…but it does fit closely to what is expected. $3.92 would be awesome, but consider it a rumor for now. .

Member: At $3.92, I'm taking it and be happy as a pig in slop.

GINGER:In America, it will start in Miami and then Reno & TIP: IF YOU HOLD XRP!! @DINARREVALUATION

 

Get ready.. Exchange rate on date with new rise: Dollar selling platform will stop and ‘shock is coming’ – urgent, 18 DEC

Get ready.. Exchange rate on date with new rise: Dollar selling platform will stop and ‘shock is coming’ – urgent

Baghdad Today – Baghdad

The specialist in economic affairs, Nasser Al-Tamimi, warned on Tuesday (17 December 2024) of the rise in dollar exchange rates in Iraq in the coming days.

Al-Tamimi told Baghdad Today that “there are real fears in the Iraqi market of the continuation of the rise in dollar exchange rates after the suspension of the platform by the Central Bank of Iraq,” noting that “this will be a particular shock at the beginning of the implementation of the decision and will push for the rise of the dollar, to increase demand for it in the parallel market.”

He added that “after the suspension of the platform, most of the traders, especially the small ones, will depend on the parallel market to finance their foreign trade, with the continuation of financing of trade with Iran and Turkey in dollars, in illegal ways,” pointing out that “this is what will push to rise and therefore practical steps must be taken to prevent this by the monetary authority in the country, and urgently.”

The Central Bank of Iraq revealed on Wednesday (September 4, 2024), the mechanism of ending the electronic platform for external transfers, while pointing out that the situation of external transfers and fulfilling requests on the dollar is in sound paths and in line with international practices and standards.

The bank said in a statement received by Baghdad Today that “the electronic platform for external transfers managed by the Central Bank of Iraq began at the beginning of 2023 as the first stage of reorganizing financial transfers to ensure proactive supervision over them instead of subsequent supervision through the Federal Reserve auditing daily remittances, and this was an exceptional procedure as the Fed does not usually do so, and the gradual shift towards building direct relations between banks in Iraq and correspondent and approved foreign banks was planned, in the middle of which is an international audit company to conduct pre-audit of remittances before their implementation by correspondent banks.”

He added that “during the year 2024 and until now, 95% of the transfer process has been achieved from the electronic platform to the mechanism of correspondent banks directly between them and Iraqi banks, which means that the remaining is only about 5% of them within the platform, which will be completed with the same mechanism before the end of this year and according to the plan,” explaining that “some expectations about possible effects on the exchange rate and transfers are unfounded, because the process will not be suddenly or in one batch at the end of this year, but it was already achieved during the past period with an effort and careful follow-up, except for the remaining of a small percentage that will be completed in the next few period.”

He stressed that “trade with the United Arab Emirates, Turkey, India and China represents about 70% of Iraq’s foreign traders as (imports), which called on the Central Bank of Iraq to find channels for transfer in euro currencies, Chinese yuan, Indian rupee, UAE dirham, through accredited correspondent banks in those countries, and (13) Iraqi banks have already started transferring operations with the pre-audit mechanism that was agreed and approved in addition to transfers in dollar currency.”

He continued: “With the provision of personal transfer channels for legitimate purposes and external purchases through electronic payment channels, international money transfer companies, cash sale to travelers, and the payment of dollar cash for incoming transfers to the entities and purposes specified in the published instructions of the Central Bank.”

The Central Bank of Iraq stressed that it “put foreign transfer operations and meeting demands for the dollar in sound paths in line with international practices and standards and the Law on Combating Money Laundering and Terrorist Financing,” explaining that “the provision of the mentioned channels and for all purposes at the official price of the dollar, makes this price the real indicator of economic practices, which is proven by the reality of price stability and the control of inflation, and any other price traded outside those channels is a anomalous price that resorts of those who are fundamentalist or illegal practices who move away from official channels in their dealings, bearing alone the additional costs of buying higher than the official price of others with the difference between the official price and others.”

https://baghdadtoday.news/264127-استعدوا.-سعر-الصرف-على-موعد-مع-ارتفاع-جديد-منصة-بيع-الدولار-ستتوقف-والصدمة-قادمة-عاجل.html

THOM SIELOFF: CBI FREEZING TERRORISTS FUNDS : Why is this happening now instead of 2, 5 or even 10 years ago?, 18 DEC

 THOM SIELOFF 

 Why is it necessary for the CBI to "freeze Terrorists Funds?"

How will that impact their role when it comes to international trade and banking? Why is this happening now instead of 2, 5 or even 10 years ago?

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The Ministry of Justice announces the issuance of the new issue of the Iraqi - Gazette, No. (4806) Includes "freezing terrorist funds"

The Ministry of Justice announced the issuance of the new issue of the Iraqi Gazette, No. (4806), which included a number of decisions and instructions. The Director General of the Iraqi Facts Department, Ms. Haifa Shukr Mahmoud, said that the issue included the issuance of a decision issued by the Federal Supreme Court No. (33 and its unified 34 and 58 / Federal / 2024) on 11/18/2024, which included “the ruling on the unconstitutionality of paragraph (2) of Article (2) of the Law on Replacing Members of the House of Representatives No. (6) of 2006, as amended, and this shall be implemented as of the date of issuance of the ruling decision on 11/18/2024. The Director General added that the issue also included the issuance of decisions by the Committee for Freezing Terrorist Funds No. (37), (38), (39), (40), (41), (42), (44) and (45) of 2024 and Instructions No. (4) of 2024 “Facilitating the Implementation of Political Refugees Law No. (51) of 1971.”