Saturday, January 11, 2025

TIDBIT BY KAPERONI, 11 JAN

 Kaperoni  

Question:  "In reading these articles, I find they contradict each other. I remember a few months ago that only 13 banks were not in compliance with CBI standards.

 Today, I read 32 banks have limited functions. 

Is this difference between gov banks and private banks, or am I still in the weeds trying to understand foreign banking?Some of the recent articles are opinion articles.

FRANK26: Soon I will be receiving thousands of locations where you will be able to exchange#iqd

 


It includes amending the budget law.. Parliament announces its agenda for two sessions during the coming week, 11 JAN

 It includes amending the budget law.. Parliament announces its agenda for two sessions during the coming week

Retirees and Yazidis on the list

The Iraqi Council of Representatives announced its agenda for two sessions on two consecutive days next week, including discussing the amendment of the retirement law and conducting the second reading of the amendment of the country’s general budget law.

Parliament is scheduled to hold its first session in the first legislative term of the fourth legislative year, in the fifth electoral cycle, next Sunday, January 12, 2025, in which it will discuss various draft laws and proposals.

Sunday’s schedule includes voting on the proposed law amending the first Passport Law No. 32 of 2015, as well as the first readings of the proposed law amending the General Retirement Law No. 9 of 2014.

In the next session, on Monday, December 13, 2025, the representatives will discuss 10 draft laws, including the first reading of the proposed law on the genocide of the Yazidis, the first reading of the proposed law on the protection of the rights of minorities, in addition to reporting and discussing the draft law on the first amendment to the Federal General Budget Law of Iraq for the years (2023, 2024, 2025) No. 13 of 2023, and voting on the draft law on the second amendment to the Iraqi Media Network Law.

Parliamentary sessions begin at 1:00 pm on Sundays and Mondays.

The House of Representatives was scheduled to start the new year with a special session on Sunday, January 5, at the request of the Speaker of the House, Mahmoud Al-Mashhadani, in order to make a decision to extend the legal term of the Board of Commissioners of the Election Commission, but the differences between the political blocs prevented that.

GOLDILOCKS: The RV Foundation is READY - Stablecoins (CBI - Dinar Rate Below) CC HIGHLIGHTS NOTES, 11 JAN

 GOLDILOCKS

Highlights

Summary

The latest intel regarding the global currency reset (GCR) and the importance of wealth management in preparation for currency exchanges.

 The significance of stable coins within the new Quantum Financial System (QFS) and their role in maintaining the value of currencies post-exchange. 

Their meetings with wealth managers and the need for individuals to establish relationships with banks ahead of the anticipated currency exchange. 

And the  upcoming regulatory announcements critical to the functioning of the QFS and urges listeners to participate actively in the community dialogues for the latest information.

  • 🌍 Global Reach: Goldilocks is recognized as the leading source for RV GCR updates, attracting a worldwide audience.
  • 💼 Wealth Management: Members are actively meeting with wealth managers to prepare for currency exchanges, demonstrating a proactive approach.
  • 🪙 Importance of Stable Coins: Stable coins are crucial for maintaining currency value and providing stability in transactions within the QFS.
  • 📞 Live Updates: Regular live calls in the Goldilocks community provide members with firsthand updates from those actively engaging with wealth management.
  • 🔑  Foundation of QFS: The QFS is described as a new digital banking system, with stable coins serving as its foundation.
  • 📅 Regulatory Announcements: Significant upcoming announcements regarding crypto regulations are set to impact the GCR and the functioning of the QFS.
  • 🤝 Building Relationships: Establishing relationships with bankers is emphasized as vital for successful currency exchange preparation.

Key Insights

  • 🌟 Understanding the Global Currency Reset (GCR): The GCR refers to a major shift in global currency values and systems. Goldilocks serves as a crucial resource for understanding the nuances and developments related to this reset, especially as it affects individuals holding currencies like the Iraqi Dinar and Vietnamese Dong. The podcast emphasizes the importance of staying informed and connected with the community to navigate potential changes effectively.

  • 📈 Role of Wealth Managers: The podcast discusses various members’ experiences meeting with wealth managers, highlighting their vital role in preparing individuals for currency exchanges. These wealth managers provide insights into managing newfound wealth and navigating the complexities of the financial system post-reset. The importance of these relationships can’t be overstated, as they can help individuals maximize their exchange benefits and secure their financial futures.

  • 🔗  Stable Coins and Currency Value: A significant portion of the discussion revolves around stable coins, which are digital currencies designed to maintain a stable value by being pegged to fiat currencies. This backing is essential for reducing volatility and creating a reliable medium for transactions, especially in cross-border payments. The podcast explains how stable coins can potentially raise the value of traditional currencies by providing a stabilizing force that can attract investors and increase demand.

  • 💻 Transition to Digital Currencies: The shift towards a digital financial system is a central theme of the podcast. Freedom Fighter discusses the increasing relevance of cryptocurrencies and digital currencies within the QFS, noting that traditional fiat currencies are becoming less reliable. This transition is seen as necessary for the establishment of a more robust and stable global financial system.

  • 🌐 Cross-Border Transactions: The podcast highlights the efficiency of stable coins in facilitating cross-border payments, which are essential as the world moves towards a more interconnected financial landscape. By enabling fast and reliable exchanges between different currencies, stable coins can significantly enhance global trade and investment.

  • 🔍 Importance of Community Engagement: Freedom Fighter encourages listeners to actively participate in community discussions and updates, noting that those who engage with the Goldilocks community are better prepared for the impending changes. Being part of a knowledgeable community allows individuals to share insights, strategies, and support as they navigate the complexities of the GCR.

  • 📅 Anticipating Future Developments: The podcast underscores the importance of staying grounded and not getting swayed by speculative dates concerning the GCR. Listeners are reminded that while various dates may be thrown around regarding when changes will occur, the focus should be on building relationships and preparing for the realities of currency exchange. Upcoming regulatory announcements are expected to provide clarity and guidance for the community.

In conclusion, this episode of Goldilocks Global Banking News serves as an informative resource for individuals interested in the RV GCR and the implications of the Quantum Financial System. It stresses the importance of stable coins, wealth management, community engagement, and preparation for future developments, providing listeners with valuable insights and actionable steps to take as they navigate the evolving financial landscape.

JEFF: IRAQ IS PREPARING TO THEIR NEXT STEP THAT IS TO REVALUE THE CURRENCY!! @DINARREVALUATION #iqd

 


Friday, January 10, 2025

Reveals the details of the restructuring plan of Rafidain and Rashid banks, 11 JAN

 Reveals the details of the restructuring plan of Rafidain and Rashid banks

An economist revealed the government’s plan to restructure its trigiful and rational banks.

Salah Nouri told {Euphrates News} that “the reasons for restructuring Al-Rafidain and Al-Rashid Bank for the existence of poor (financial assets), most of which are loans granted and impossible to collect before 2003, led to a low credit rating by international financial institutions and not dealing with them.”
He pointed out that “in order to restore international confidence in bankers, it is required to restructure the two banks by excluding the inferior financial assets from the financial position of the bankers, using modern technology and establishing two banks, one for Rafidain and the other for Al-Rashid, to transferring bad financial assets to them.”
He explained, “After the separation of Rafidain Bank into a bank that has sound financial assets and the last Rafidain Al-Radif Bank owns poor financial assets, as well as Al-Rasheed Bank to Al-Rasheed Bank has sound financial assets and Al-Rasheed Al-Rudif Bank has poor financial assets, Rafidain Bank and Al-Rashid, which own sound financial assets, are merged into one bank, as well as the integration of Rafidain Bank, which has poor financial assets, with Al-Rasheed Bank, which has poor financial assets, is integrated into one bank.”
Nouri said that “the new bank after the merger with sound financial assets will practice the activity of cash and undertaking credit and dealings with international financial institutions, but the new bank after the merger with sound financial assets needs to support capital with not a few amounts, and this should be determined by the entity that supports the capital, according to the government decision.
He pointed out that “the financial activities of the new bank include the use of artificial intelligence as well as the bank’s employees with high technical skills.”
He added that “the process of restructuring the financial and regulatory banks since 2011 as a member of the Federal Financial Supervisory Board, the Central Bank of Iraq, the International Auditing Company EY, the Ministry of Finance and the concerned banks, has stopped, and currently the financial and organizational restructuring process has been re-entrusted by the International Audit Company according to the methodology referred to above.”
On Thursday, Prime Minister Mohammed Shia Al-Sudani chaired a special meeting to discuss the development of the work of government banks, in the presence of representatives of Ernst and Young Audit and Financial Advisory Company.

The Prime Minister explained that “the completion rate of the project for the structuring of Rafidain Bank has reached its final stages, stressing its entry into force during the next few period, within the framework of a plan that has been studied and implemented according to the standards and parameters drawn down.”
While the financial adviser to Prime Minister Mazhar Mohammed Saleh revealed to {Al-Furat News}, the birth of a new banking entity in Iraq is about to the birth of a new banking entity.
Saleh said that “the study aims to establish a new banking entity specialized in government banking operations, to meet the needs of the government exclusively. This entity will contribute to achieving the objectives of the unified treasury account, which is a crucial tool for regulating the cash flows of public finances.”
He pointed out that “the study focuses on assessing the legal status of bankers, including property rights, assessing assets and liabilities, and studying the requirements of a strategic partner if necessary, focusing on developing the two entities to work according to advanced financial technology that meets the requirements of the national banking market.”
He stressed that “the structural reform also aims to promote the integration of the two banks in the national banking market and enable them to expand towards global financial markets, especially in the areas of trade and investment financing for the private sector,” noting that “the two potential entities will rely on modern systems in compliance, governance and risk management, with a focus on digital payments.”


Ragheed
 

https://alforatnews.iq/news/الفرات-نيوز-تكشف-عن-تفاصيل-خطة-إعادة-هيكلية-مصرفي%C2%A0الرافدين-والرشيد

TIDBIT FROM FRANK26, 11 JAN

 Frank26 

 The auctions have metamorphosed, they have evolved...they have progressed to what is now called international foreign currency transfers and it's being done by private banks...You think the currency auctions that once existed that Iran was taking advantage of are still active? 

 ...You're wrong.  You're ignorant...Transfers, no longer auctions.  This is not taking a currency and converting it into any other currency.  This is moving a currency in and out of the country they could never do before.  Don't you understand the value of that?  Don't you understand how important that is for the monetary reform

 Ain't got nothing to do with the CBI.  It has to do with the private banks exchanging between each other and across the borders.

Preserving Iraq rank in "the Strongest Armies in the World", 13 JAN

Preserving Iraq rank in "the Strongest Armies in the World" Baghdad-INA The Iraqi army maintained its 43rd place in the world in t...