Ariel: Amazing Breakthrough for Iraqi Dinar Investors, 24 JAN

 Ariel: Amazing Breakthrough for Iraqi Dinar Investors

Did you know that getting paid from interest off of your capital is considered and treated as income?

Now imagine exchanging your foreign currency and you deposit it at 50-100 million. And you earn 5% which would be $2,500,000 per year.

Divide by 12 and that’s $208,333.33 per month.

Guess what? You will get to keep that.

Now do you see how what you hold is gaining more value without you even exchanging yet?

Officer Lew:  BREAKING: President Trump is considering abolishing the federal income tax, per NYT.

Breaking News

This is an amazing breakthrough for Iraqi Dinar investors. The corruption is coming to a resounding end for the Iraqi citizens and the world who is waiting with bated breath for Iraq to pull the trigger and flood the planet with a revaluation that will change the world forever.

This latest developments that you can read below brings more security & stability to the Iraqi Dinar. They refuse to open the 2025 Budget because it only deals with the Iraqi Dinar and not the USD. And many banks are now stuck holding a empty bag.

With fewer banks handling dollar transactions, there’s a potential reduction in the supply of dollars within Iraq, which could increase demand for the IQD in forex trading if the dinar is seen as a stable alternative. And it will be. Because it is now backed by natural resources.

Since the 2025 budget is designed to use only the Iraqi Dinar, this move away from the dollar in official transactions diminishes the avenues for corrupt practices involving the dollar. This make the IQD more attractive or stable, influencing its exchange rate on the Forex market.

The U.S. control over remittances through Arab and foreign banks aims to stabilize the flow of dollars in and out of Iraq. By managing this flow, it reduces the volatility that often accompanies unregulated financial transfers, which could help in setting a stable exchange rate.

Brothers technology Inc:  Iraq is currently laying in bed with the devil, they didn’t pass the budget because the budget calls for Dinar only. They are controlled by evil Shiite politicians who worship evil. ABU 

@snwse21

@annan_85

@majeed66224499

and myself stated this numerous times, however the pm has turned on THE DONALD, he failed to do what the Donald wishes for Iraq sovereignty and financial success. Instead he has pledged his allegiance to his master. Now the Donald has countered by placing two countries in compliance with his vision in control of the dollar Iran worships and they’re still dollarless.

You Have To Understand The Implications Of This

Once this happens which I am positive should be this week. We will see a major shift in the environment of Iraq given that they are now under pressure to release the rate. And they are desperately looking for an avenue.

But now that the IQD will be tokenized the Crypto regulation is their only salvation to alleviate their potential economic downfall. This is their come to daddy moment. They are no longer in the driver’s seat. Just read my post about the Arab Bank remittances.

AJ : Some have ask me to explain this!!, 24 JAN

 AJ

Some have ask me to explain this. 

1st Th e KRG has its own oil law, passed in 2007, which has led to disputes with Baghdad over the legality of contracts signed by the KRG with international oil companies. 

The HCL's failure to be fully enacted has left these issues unresolved, leading to a situation where northern Iraq (Kurdistan) often operates under its own legislative and contractual framework, while the rest of Iraq still be subject to older or interim regulations. 2nd This is not the HCL Law -- The $16 per barrel is payment from the federal government to the KRG for oil, which would then be adjusted against what the KRG owes the Iraqi federal government.

What is the HCL Law?

The Iraq Hydrocarbon Law (HCL) is intended to apply to all of Iraq, not just the Kurdistan region, although it has significant implications for the relationship between the central government in Baghdad and the Kurdistan Regional Government (KRG). 

And set the terms for foreign investment in the oil sector. Here's how the law is conceptualized to cover all of Iraq: Unified Management Framework: The HCL seeks to establish a national framework for managing Iraq's oil and gas resources. This includes setting up a Federal Oil and Gas Council that would oversee oil and gas activities across the entire country, involving representatives from both the central government and regional authorities. Revenue Distribution: One of the key aspects of the HCL is the proposal for distributing oil revenues on a per capita basis to all regions and governorates of Iraq. This means that the wealth generated from oil would be shared across all Iraqis, theoretically reducing economic disparities between different parts of the country, including those not part of Kurdistan.

Central vs. Regional Powers: The law aims to balance the control over oil resources between Baghdad and regional entities. While it would give regions the autonomy to manage local oil fields, it also mandates that the central government has a say in national policy, ensuring that oil and gas development benefits the entire nation, not just specific regions.

Legal and Contractual Oversight: The HCL would provide a legal framework for all oil and gas contracts made within Iraq. This includes regulating how regional governments can enter into agreements with foreign oil companies, ensuring that these contracts benefit the whole of Iraq while recognizing the constitutional rights of regions like Kurdistan to manage their resources.

National Oil Company: The law envisions the re-establishment or reformation of the Iraq National Oil Company (INOC) to manage Iraq's hydrocarbon resources on behalf of the entire nation. This would not only apply to fields in central and southern Iraq but would also integrate the management of Kurdish oil fields into a national strategy.

Dispute Resolution: By providing clear guidelines on the management and revenue sharing of oil and gas, the HCL aims to reduce conflicts over resource control that have historically fueled tensions between different Iraqi factions and regions.

Investment Attraction: A unified law would make Iraq more attractive to foreign investors by providing a consistent legal environment across the country, not just in Kurdistan. This could lead to more equitable development of oil fields throughout Iraq, potentially benefiting less developed or conflict-affected areas beyond the Kurdish region.

The overarching goal of the HCL is to create a cohesive national policy for Iraq's most valuable resource, ensuring that the wealth and benefits from oil and gas are distributed fairly across all regions, thereby fostering national unity and economic development for all Iraqis. However, the political, ethnic, and sectarian divides within Iraq continue to complicate this process.

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AJ

@ajsallen

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19h

Article 12 of the Budget Law is dead in the water again. The Kurdistan Regional Government announced, today, Thursday, its rejection of the proposal to amend Article 12 of the budget submitted by the representative of the federal government in the Council of

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6:25 PM · Jan 23, 2025

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MNT GOAT: THE RELATION BETWEEN IRAQ & USA & WHY IS THE DELAY IN THE PROJECT DELETE ZEROS THIS TIME

 

FATF Commends Central Bank's Anti-Money Laundering Measures, 24 JAN

 FATF Commends Central Bank's Anti-Money Laundering Measures

Banks   Economy News – Baghdad   The Financial Action Task Force praised the measures taken by the Central Bank of Iraq to combat money laundering and terrorist financing.

The representative of the Anti-Money Laundering and Terrorist Financing Office at the Central Bank of Iraq, Hussein Al-Maqram, said in an interview with “Al-Sabah” followed by “Al-Eqtisad News” that the International Financial Action Task Force issued a report in which it confirmed the strength and solidity of the system followed in Iraq with regard to combating money laundering and terrorist financing.

He explained that "the Middle East and North Africa Financial Action Task Force (MENAFATF) adopted, in its general meeting held in the State of Bahrain last year, the mutual evaluation report of the Republic of Iraq, which reflects its great commitment to implementing international standards to combat money laundering and terrorist financing."

Al-Maqram added that "the report reflects the solid system in Iraq to combat money laundering and terrorist financing, and the significant efforts made by the state to combat these crimes in accordance with international standards in this regard," noting that "the report focused on understanding the risks of money laundering and terrorist financing, and the effectiveness of implementing measures to combat these crimes, including international cooperation, confiscation of criminal proceeds, and investigation and prosecution procedures."

Al-Muqrim explained that "the mutual evaluation process of the Republic of Iraq was completed in accordance with the standards approved by the Financial Action Task Force (FATF). The evaluation resulted in identifying strengths that reflect the efforts made to enhance compliance with the standards of combating money laundering and terrorist financing, in addition to identifying weaknesses that need improvement and treatment. 

At the same time, the Republic of Iraq continues to work seriously to address the points identified in the report, by implementing corrective plans and procedures aimed at strengthening its financial and legal system in line with international requirements. 

This comes within the framework of Iraq's commitment to continuous cooperation with the Financial Action Task Force, similar to the rest of the member states."

He added that "the office works within the framework of the National Strategy for Combating Money Laundering, Financing of Terrorism and Proliferation of Arms for the period (2023-2027), which aims to enhance efforts to combat money laundering and financing of terrorism through a set of specific objectives and axes.  ;

It is also currently working on following up and implementing the update of the national assessment process for money laundering and financing of terrorism risks related to the anti-money laundering and financing of terrorism system, which is one of the national efforts to enhance compliance with the international standards issued by the Financial Action Task Force (FATF). 

This process is considered an important tool for analyzing and identifying the risks facing the financial and economic system in Iraq."

The representative of the office at the Central Bank confirmed that, "Based on the annual and comprehensive training plan to raise the level of knowledge and commitment to the requirements imposed in the field of combating money laundering, financing terrorism and financing the proliferation of weapons, the number of trainees concerned with the anti-money laundering and terrorist financing system reached (3415) trainees during the past year 2024."https://economy-news.net/content.php?id=52222