TIDBITS FROM MNT GOAT, 21 DEC

 Mnt Goat  

 Article:  “CENTRAL BANK GOVERNOR: OPENING EXTERNAL CHANNELS WITH FOREIGN CURRENCIES ELIMINATES THE BLACK MARKET” 

  Central Bank Governor Ali Al-Alaq confirmed on Thursday that opening channels in foreign and Arab currencies achieves stability in the exchange rate and gradually eliminates the black market. 

We were told of the issue of the parallel market and my CBI contact told me that this had to come in par with the “official” CBI rate in order to make the in-country revaluation of the dinar possible, before the project to delete the zeros could occur.  

 They said that the new correspondent bank procedure should eliminate the parallel market...The RV is going to happen,  but first things first.

This recent move with the correspondent banks should knock out the parallel market altogether first and put the dollar in line with the CBI “official” rate. This was needed first. 

Then the CBI plans to push out the new in-country CBI official rate we have been waiting for along with the project to delete the zeros. 

I just talked to my CBI contact...Wednesday and this is what I am told. We just have to sit tight and see what happens next. I wish I could tell you more positive news. Right now, this is a very sensitive time, things will be moving fast soon. I can’t think of better news at this time. 

EXCERPTS FROM MARKZ: " I just want to inform everyone here that I have gotten paid. I am in Tier 3"

 

President Of The Republic: Security Stability Is The Cornerstone Of Development In The Country, 21 DEC

 President Of The Republic: Security Stability Is The Cornerstone Of Development In The Country

President of the Republic, Abdul Latif Jamal Rashid, stressed today, Thursday, that security stability represents the cornerstone of development in the country.

The media office of the President of the Republic stated, in a statement received by the Iraqi News Agency (INA), that "the President of the Republic, Abdul Latif Jamal Rashid, stressed during his reception of the Minister of Interior, Abdul Amir Al-Shammari and his accompanying delegation, at the Baghdad Palace, that security stability represents the cornerstone of development and political and economic stability in the country."

The President of the Republic pointed out that "protecting the security of citizens is a duty and a shared responsibility that requires more cooperation and coordination between security institutions and agencies."

He explained that, "during the meeting, the security file and the measures taken to control the borders, confront the existing challenges in light of the developments in the region, and the efforts made by the ministry and its formations to control internal security were discussed."

He pointed out that "the Presidency of the Republic, based on its role in promoting justice and implementing the principles of the Constitution and the law, contributed to the release of approximately (15) thousand detainees whose sentences had ended," stressing "the importance of adopting human rights standards in prisons and detention centers."

The President of the Republic called for “combined efforts to reduce the spread of drugs in society, and joint work to raise awareness among all groups of their social dangers.”

For his part, the Minister of Interior appreciated “the President’s continuous support for the Ministry and its staff,” explaining “the Ministry’s efforts to develop its security plans and strategies in order to keep pace with current challenges and enhance security throughout the country.”

FIREFLY: " THESE COUNTRIES ARE DEALING WITH IRAQ BECAUSE THEIR PROGRAM NEW RATE!!!, 21 DEC

 Frank26 

 [Iraq boots-on-the-ground report]  

FIREFLY:CBI is talking about expansion of money transfers to local new currencies...Mr. Sammy says it's the Jordanian dinar and the Saudi riyal and the Turkey currency and the Chinese yuan. 

FRANK:  None of these countries have ever dealt with Iraq the way they are now because of the program rate. 

 To me it proves we have a new rate or they wouldn't lift a finger to help Iraq.

MARKZ: a redemption center/redeeming bank contact who said they are expecting to work this weekend

 

MOFA: Iraq has invested in enhancing regional stability over the past years, 21 DEC

 MOFA: Iraq has invested in enhancing regional stability over the past years

Baghdad - INA

The Ministry of Foreign Affairs confirmed today, Friday, that Iraq has invested heavily during the past years in enhancing regional stability, ending wars and conflicts, and implementing economic reform to achieve economic integration in the region.

The Undersecretary of the Ministry Hisham Al-Alawi told the Iraqi News Agency (INA): "The Aqaba meetings on Syria, which Foreign Minister Fuad Hussein attended, were the result of consultations, communications and meetings that took place in the days preceding them, and the final statement clearly explains the basic points that are of interest to us in Iraq and to other countries in the region and beyond.".

Al-Alawi added that "Iraq has invested heavily, over the past years, in strengthening regional stability, and we believe that ending wars and conflicts in the region is a necessary prelude to achieving economic integration, which is in the interest of all countries in the region."
He continued, "The points mentioned in the final statement are present in UN Security Council Resolution No. 2254, which was unanimously approved at the end of 2015, and the Aqaba Statement was also approved unanimously by those present, and there is also a role for the United Nations, which will oversee the implementation of its outcomes."

Iraq, represented by Deputy Prime Minister and Foreign Minister Fuad Hussein, participated in the second meeting of the Arab Ministerial Contact Committee on Syria, which was held in the city of Aqaba in the Hashemite Kingdom of Jordan, with the participation of the United States, France, and members of the mini-committee.

The meeting issued a final statement that stressed support for the Syrian people at this critical stage to achieve a secure and stable future while adhering to principles that guarantee a comprehensive political process led by Syria that leads to a representative system that respects human rights, including women’s rights while emphasizing Syria’s unity, sovereignty, and territorial integrity and respecting the principle of sovereignty by the Charter of the United Nations. The statement also stressed the importance of respecting human rights, including women and minorities, facilitating the delivery of humanitarian aid, and ensuring freedom of movement for displaced persons and refugees.

EXCERPTS FROM MARKZ, 21 DEC

 EXCERPTS FROM MARKZ

MZ: I sure hope my Iraqi contacts are accurate…sometime between now and the first of the year for a REER (Real Effective Exchange Rate)

Member: Any update on tier 3 getting paid?

MZ: No fresh updates on tier 3, but I do have redemption personnel who have been trained on exchanging currencies- specifically the currencies we hold- and they are expected to work this weekend. This is odd going into Christmas.

MZ: I hope this means something besides just finishing up end of year things.

Member: According to Frank26, the auctions are done ?

MZ: Yes those auctions are ending.

Member:  Nader says the day after Christmas

Member: I don't think I have ever seen Nader place a time period like this before!! Sounds good too me!!!