Militia Man
One of the key things in a monetary policy when they go to revalue a country is they have high security. They want to tamp down currency manipulation.
They want to stamp out the black market... That's all part of the process.
Article quote: "Any attempt to manufacture, possess or pass on fake bank notes is a criminal act that is severely punished by law, calling for the delivery of any fake bank notes to the police and to the central bank of Iraq."
3415 personnel trained to combat money laundering
As part of the Central Bank of Iraq's measures to combat money laundering and terrorist financing, it announced yesterday, Wednesday, the training of (3415) people concerned with this file.
Hussein Al-Maqram, representative of the Anti-Money Laundering and Terrorist Financing Office at the Central Bank, confirmed to "Al-Sabah" that "the Financial Action Task Force issued a report confirming the strength and solidity of the system followed in Iraq with regard to combating money laundering and terrorist financing."
He added that "the report reflects the solid system in Iraq to combat these crimes, and the important efforts made by the state to combat them in accordance with international standards."
Al-Maqram pointed out 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."
He continued by saying: "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, terrorist financing and financing the proliferation of weapons, the number of trainees cocerned with the anti-money laundering and terrorist financing system during the past year reached (3415) trainees." link
Jon Dowling
President Tromp is dropping Nesara/Gesara comms all over the place!
He just nationalized XRP, XLM, Sokana and other coins in three executive orders he signed the other day.
In addition to bringing us into the ISO 20022 blockchain world, he’s removing the private central bank corrupt system. That’s ultimately how he will eliminate all the debt!
Meanwhile, he’s dropping the oil prices in order to give Americans relief, but in the process he’s putting major pressure on Iraq to RV so they can’t subsist alone on oil revenues. Simply a brilliant 5D chess move!
Taxes Knock on the Doors of Electronic Payment Ports in Iraq (Document)
The General Tax Authority, affiliated with the Iraqi Ministry of Finance, began operations on Thursday towards electronic payment outlets across the country, days after a decision by the Central Bank that sparked widespread controversy regarding closing these outlets or merging them with exchange companies.
A document issued by the Authority, obtained by Shafaq News Agency, was addressed to the Central Bank of Iraq, in order to provide it with a database of electronic payment outlets, in order to register them and collect taxes from them.
Last Monday, the Association of Financial Outlets for Electronic Payment in Iraq ended a strike that it had started that morning, in protest against the decision of the Central Bank of Iraq to close outlets or merge them with exchange companies.
However, the Central Bank later denied issuing any directive or statement regarding the closure of exchange outlets, stressing in a statement that the goal is to expand the spread of financial outlets through ATMs and licensed electronic payment companies. link
Jeff
I'm not trying to give you a date...Iraq can only change their rate on a Sunday. The rate will change on what is their Sunday morning before or by the time their banks open. Their banks open Sunday morning 8am their time...
Here's the unknown variable in this. Does Iraq need something like a holiday to legitimately suspend or pause their currency auction on a Sunday allowing them to change the rate? That's a question none of us can answer. We don't know...
🇮🇶 Iraqi Dinar RV: How Iraq’s Salary & Social Spending Stability Supports Future Revaluation 🔹 Key Highlights 1️⃣ Sustainability of S...