Wednesday, January 15, 2025

MILITIAMAN: They're looking for an exchange rate change because that's what's going to happen.

IMPORTANT IRAQ NEWS: THE DECLINE IN THE DOLLAR PRICE AGAINST THE IRAQI DINAR IN LOCAL MARKETS: IS THIS THE BEGINNING OF STABILITY?, 15 JAN

THE DECLINE IN THE DOLLAR PRICE AGAINST THE IRAQI DINAR IN LOCAL MARKETS: IS THIS THE BEGINNING OF STABILITY?

Today, the Iraqi local markets witnessed a slight decline in the exchange rate of the US dollar against the Iraqi dinar, as the selling price of 100 dollars reached 152,000 Iraqi dinars, while the buying price recorded 150,000 Iraqi dinars. This decline comes in light of the efforts of the government and the Central Bank of Iraq to control the exchange market and enhance the value of the dinar.

This decline is attributed to a number of factors, most notably the increased injection of foreign currency into the markets, the imposition of strict controls on exchange operations, and the improvement of financial and economic policies. Citizens and traders are anticipating the continuation of this trend, as the stability of exchange rates reflects an improvement in the local economy and alleviates the burdens of living.

For his part, a source in the Central Bank confirmed that the steps taken aim to achieve long-term stability in the exchange market, noting that the bank continues to monitor the markets and take appropriate measures to maintain price balance.

All eyes will be on the coming days to see how long this decline will last and how it will impact the Iraqi economy as a whole. Are we on the cusp of a period of monetary stability?

WOLVERINE : PLATFORM PAYMENTS BY LEVELS* ( ENGLISH & SPANISH) , 15 JAN

WOLVERINE

PLATFORM PAYMENTS BY LEVELS*

Payment for level groups involved in the RV:

Dubai accounts fund the RV: Dubai 1 funds RV levels 1 and 2 and Dubai 2 funds RV levels 3 and 4, while Dubai 3 funds awarded and GESARA accounts.

Payment of bonuses and currency is made in the order of the different levels. There are five levels that will be exchanged: levels 1, 2, 3, 4 and 5.

The release of liquidity is carried out in a certain order. Selected Elders, German Bonds, and Yellow Dragon Bonds must be paid out first and have already been paid.

A. Dubai 1 is released for liquidity, which then activates Dubai 2 and 3.

B. F&Ps are released to recipients (they need liquid D1, this is their problem)

C. The bonds will be liquid (they need D1 to be liquid)

D. Reported to levels 1-4b (requires D1 to be liquid). It seems that everything is ready to continue or almost at the same time!

Level 1 Debt of Sovereign Nation Governments: Chinese Royals, Bondholders, Payors, Church Groups, CMKX, F&P, Awarded Settlements, Ranch & Farm Claims, and Other Groups.

Level 2 Royalty, elders, whales, military generals and some political type elites with currency platforms, corporations, etc.

Level 3 Admirals group, American Indians, CMKX, large church groups such as the Church of Jesus Christ of Latter-day Saints. The Pentecostal group was now 100% under a confidentiality agreement.

Tier 3 was made up of Dubai 2 fiat money and was originally made up of the generals and the public. Tier 3 now includes groups with projects, including the Admiral.

The Admiral was sent to the back of the line and renamed Tier 4A (actually just a slice of the Tier 3 pie). The Admiral's group was composed of three parts, the most notable of which were the Tier 4a main groups and the 130 VIP groups.

Level 4B (we, the Internet group) is the largest group and is made up of the general public who paid attention to the information: people who bought currency and/or bonds and kept up with the reset through of information on the Internet.

Level 5 The general public who never paid attention to the information.

The official GO for level 4b has not yet been published. It can happen at any time. Since all levels 1 to 4b are funded, we wait for the final release to reach our level.

It's a process. It's tedious and time-consuming, as you have to make adjustments as necessary along the way to ensure accuracy and safety for everyone involved. It is a very silent and discreet operation, in which the general public is left uninformed for obvious reasons. Pay attention to the levels ahead of us. That will help to better understand where we are, in relation to reaching level 4b. BUT, it is developing. And when it reaches our levels, there will be no doubts. It's coming! Keep the faith.

TRANSLATE IN SPANISH

WOLVERINE

PAGOS DE LA PLATAFORMA POR NIVELES*

Pago para los grupos de niveles involucrados en el RV:

Las cuentas de Dubai financian el RV: Dubai 1 financia los niveles 1 y 2 del RV y Dubai 2 financia los niveles 3 y 4 del RV, mientras que Dubai 3 financia las cuentas adjudicadas y GESARA.

El pago de los bonos y la divisa se realiza en el orden de los diferentes niveles. Hay cinco niveles que se intercambiarán: niveles 1, 2, 3, 4 y 5.

La liberación de liquidez se realiza en un orden determinado. Los Elders, los bonos alemanes y los bonos Yellow Dragon seleccionados deben pagarse primero y ya lo han hecho.

A. Dubai 1 se libera para liquidez, lo que luego activa Dubai 2 y 3.

B. Los F&P se liberan a los destinatarios (necesitan D1 líquido, este es su problema)

C. Los bonos serán líquidos (necesitan que D1 sea líquido)

D. Se notifica a los niveles 1-4b (necesitan que D1 sea líquido). ¡Parece que todo está listo para continuar o casi al mismo tiempo!

Nivel 1 Deuda de los gobiernos de las naciones soberanas: miembros de la realeza china, tenedores de bonos, pagadores, grupos de la iglesia, CMKX, F&P, acuerdos adjudicados, reclamaciones de ranchos y granjas y otros grupos.

Nivel 2 Realeza, ancianos, ballenas, generales militares y algunas élites de tipo político con plataformas de moneda, corporaciones, etc.

Nivel 3 Grupo de almirantes, indios americanos, CMKX, grandes grupos de la iglesia como la Iglesia de Jesucristo de los Santos de los Últimos Días. El grupo pentecostal ahora estaba 100% bajo un acuerdo de confidencialidad.

El nivel 3 estaba formado por el dinero fiduciario de Dubai 2 y originalmente estaba formado por los generales y el público. Ahora, el nivel 3 incluye grupos con proyectos, incluido el Almirante.

El Almirante fue enviado al final de la fila y se lo renombró como nivel 4A (en realidad, solo una porción del pastel del nivel 3). El grupo del Almirante estaba compuesto por tres partes, las más notables de las cuales eran los grupos principales del nivel 4a y los 130 grupos VIP.

El nivel 4B (nosotros, el grupo de Internet) es el grupo más grande y está compuesto por el público en general que prestó atención a la información: las personas que compraron moneda y/o bonos y se mantuvieron al día con el reinicio a través de la información en Internet.

Nivel 5 El público en general que nunca prestó atención a la información.

El GO oficial para el nivel 4b aún no se ha publicado. Puede suceder en cualquier momento. Como todos los niveles 1 a 4b están financiados, esperamos el lanzamiento final para llegar a nuestro nivel.

Es un proceso. Es tedioso y lleva mucho tiempo, ya que hay que hacer ajustes según sea necesario a lo largo del camino para garantizar la precisión y la seguridad de todos los involucrados. Es una operación muy silenciosa y discreta, en la que el público en general queda desinformado por razones obvias. Preste atención a los niveles que tenemos por delante. Eso ayudará a comprender mejor dónde estamos, en relación con el hecho de alcanzar el nivel 4b. PERO, se está desarrollando. Y cuando alcance nuestros niveles, no habrá dudas. ¡Está llegando! Mantenga la fe.

MAJEED:THE CBI INFORMED THAT THE ELECTRONIC PAYMENT WILL STOP TODAY FOR MAKE UPDATE TO THEIR SYSTEMS

IMPORTANT IRAQ NEWS: ECONOMIST: THE CENTRAL BANK’S POLICY IS MOVING TOWARDS GLOBALIZING IRAQI BANKS, 15 JAN

ECONOMIST: THE CENTRAL BANK’S POLICY IS MOVING TOWARDS GLOBALIZING IRAQI BANKS

Economic expert “Safwan Qusay” confirmed that the Central Bank’s policy is moving towards globalizing Iraqi banks, while stressing that it will contribute to raising the status of these banks globally.

Qusay said in an interview: “The Central Bank’s policy is moving towards consolidating the issue of globalizing Iraqi banks, and the process of ending dealings with the electronic platform will contribute to accepting local banks that have the ability to provide guarantees and international compliance conditions with international correspondent banks.”

He added that “these correspondent banks can carry out the process of changing the Iraqi dinar to any global currency immediately, and for more than a million banks around the world, and there is a possibility to develop the performance of other banks in order to succeed in the international acceptance process, and there is still a possibility to import capital from different countries of the world and re-inject it into the local environment in the form of grants in different investment portfolios, and thus the possibility of achieving the goals of the Central Bank in the matter of development.”

He pointed out that “the Central Bank will move from the issue of accepting local banks internationally to the issue of participating in the development process, and this will certainly contribute to achieving part of the government program’s goals in employing the unemployed, and in forming productive Iraqi capital, especially since a portion of Iraqis own Iraqi dinars outside the banking system, and whenever we start the issue of convincing them to trust Iraqi banks, we will have new doors to operate this monetary mass.”

He stressed that this step will contribute to raising the status of Iraqi banks globally, “meaning that they will succeed in the process of having a name in international financial transfer operations, and gradually confidence between banks will be strengthened, and there is what is called credit cover between Iraqi banks and international banks, and the level of confidence will be reflected in the credit cover.”
He pointed out, “Whenever there are transfers and coverage at acceptable credit levels, this level may rise so that we succeed in the process of having Iraqi banks that are accepted internationally – and this is a step that does not exist – as Iraqi banks, especially public ones such as Rafidain and Rashid, have withdrawn from international financial transfers since the eighties of the last century.”

Pointing out that “rehabilitating these banks, especially TPI Bank, can contribute to our having international acceptance for international correspondents for these banks.”

IRAQ STATUS UPDATE: HIGHLIGHTS NOTES, 15 JAN

IRAQ STATUS UPDATE

Highlights

Summary

In the latest update on Iraq’s economic and political landscape, significant discussions and decisions surrounding the national budget are underway.

The budget’s current state is likened to a car with only one tire—ineffective and unable to drive forward without comprehensive approval of all budget amendments.

The Iraqi Parliament has only completed the second reading of Article 12, which pertains to transport cost reimbursements for Kurdish oil transport, leaving the broader budget schedules in limbo, awaiting the necessary changes to proceed.

Key players in Iraq’s political framework, including the Coordination Framework and the Finance Committee, are emphasizing the need for a holistic approach to budget amendments beyond Article 12 to ensure a functioning government and effective financial operations.

The meeting outcomes from the Finance Committee highlight discussions on the Kurdistan Regional Government (KRG) salaries, tax reform, and the need for a strategic approach to the financial disputes between Baghdad and Erbil.

Furthermore, Iraq is making strides in international engagements, as evidenced by its recent assumption of the presidency of the Group of 77 and China, which could elevate its global economic standing. Amidst these developments, there is also a focus on critical reforms, including the restructuring of state-owned banks and the implementation of a three-year budget plan aimed at equitable resource distribution across the country.

🚗 Budget Ineffectiveness: The current state of Iraq’s budget is compared to a car with only one tire, indicating a lack of functionality until all amendments are approved.
📜 Article 12 Reading: Parliament has completed the second reading of Article 12, focusing solely on Kurdish transport reimbursements, leaving broader budget issues unresolved.
🏛️ Coordination Framework’s Role: The Coordination Framework is pushing for a comprehensive review of budget amendments, highlighting multiple necessary changes beyond Article 12.
💼 Financial Disputes with KRG: Ongoing discussions revolve around resolving financial disputes between Baghdad and the Kurdistan Regional Government, with a focus on salary payments and budget compliance.
🌍 International Standing: Iraq has assumed the presidency of the Group of 77 and China, a significant diplomatic achievement that may enhance its negotiating power on global economic issues.
🏦 Banking Reforms: There is a strong emphasis on reforming state-owned banks, which is crucial for Iraq’s financial growth and stability.
🔄 Implementation of a Three-Year Budget Plan: The Ministry of Finance is committed to executing a three-year budget plan aimed at ensuring justice and equality in financial allocations across Iraq.

Key Insights

🚗 Ineffective Budget Framework: The analogy of the budget being like a car with only one tire illustrates Iraq’s current financial paralysis. The failure to approve necessary budget amendments keeps the country from advancing economically and socially. This situation underlines the importance of a fully functional governance structure that can enable effective financial management, essential for national development.
🏛️ Parliamentary Processes and Delays: The focus on Article 12, while important, highlights a significant delay in addressing broader financial issues. The lack of urgency in approving comprehensive budget schedules indicates a potential political stalemate that could further hinder economic progress. This delay may also exacerbate public dissatisfaction with the government’s responsiveness to economic challenges.
💼 KRG’s Financial Struggles: The emphasis on resolving financial disputes with the KRG reflects the ongoing tensions between regional and federal governments in Iraq. The KRG’s financial health is not only essential for its employees but also for maintaining stability within the region. Failure to address these issues could lead to increased unrest and a further breakdown in relations between Erbil and Baghdad.
🌍 Global Economic Engagement: Iraq’s presidency of the Group of 77 and China signifies its growing role in international diplomacy and economic discussions. This position could provide Iraq with a platform to advocate for its interests in global economic forums. However, to leverage this position effectively, Iraq will need to establish a tradeable currency, which remains a key hurdle.
🏦 Need for Banking Reform: The focus on restructuring state-owned banks is critical for improving Iraq’s financial standing. Effective banking reform can enhance access to finance for businesses and individuals, promote investment, and ultimately contribute to economic growth. The emphasis on international partnerships, such as with Ernst and Young, indicates a commitment to modernizing Iraq’s financial systems.
🔄 Three-Year Budget Plan and Social Justice: The Ministry of Finance’s commitment to a three-year budget plan that prioritizes justice and equality in financial allocations is a positive step forward. This approach aims to address systemic inequalities in resource distribution, which is vital for long-term stability and development in Iraq. It reflects an understanding that economic growth must be inclusive to foster national unity.
📜 Legislative Challenges: The ongoing legislative challenges in approving budget amendments demonstrate the complexities of governance in Iraq. The opposition’s resistance to bundled voting on multiple laws highlights the need for a more transparent and democratic legislative process. Ensuring that all voices are heard in Parliament is crucial for building trust and fostering a collaborative political environment.

In conclusion, Iraq faces a complex array of challenges regarding its budget and governance.

The current political landscape requires urgent attention to implement comprehensive reforms and facilitate productive discussion between various stakeholders. The outcomes of these discussions will have lasting impacts on the nation’s economic trajectory and political stability.

DINAR REVALUATION