Frank26
Humanitarian projects...you know I don't believe in that. You know I'm totally against that.
It is insane for you to think that somebody's going to give you a higher rate than the CBI is going to give you.
That's what these humanitarian projects are guaranteeing.
That's why they say, give me your dinars, we'll hold on to them and when it happens we're going to pay you back a lot more than the CBI?
The Central Bank of Iraq announces its support for US investment opportunities
Shafaq News / The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alak, received on Sunday an official delegation from the United States headed by Steve Lotus, Vice President of the American Chamber of Commerce and President of the American-Iraqi Business Council, in the capital Baghdad.
The meeting discussed strengthening banking and economic relations between Iraq and the United States, as well as the upcoming visit of the delegation of the Central Bank of Iraq to Washington next April, which will include meetings with the American Chamber of Commerce and American companies.
Al-Alak pointed to the desire of American companies to invest in the fields of energy, infrastructure and modern technology, stressing the importance of investing in the security stability that Iraq is witnessing. The Governor of the Central Bank stressed Iraq’s support for the economic growth process, while providing the necessary support to international companies, including American companies and banks, stressing the need for diversification in the fields of investment.
The two sides also touched on international trade mechanisms, and discussed the process of Iraq’s transition to work fully in foreign transfers through correspondent banks.
Shafaq.com
AJ
Of all, The post I have made; This is the most important one to watch.
WHY? Because there is no one Dinar in Iraq.
They use the 1000 Dinar just like we use the dollar.
The 1000 dinar is worth 0.76 Cents. I 'll explain later something Dr. Sahbibi said.
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Nineveh calls for lifting the ban on dealing in the dollar
Shafaq News / The local government in Nineveh called on Sunday on the Central Bank of Iraq to lift the ban imposed on the province on dealing with the dollar in financial transfers and obtaining its share of the American currency.
“The ban on financial activities in the province continues by the Central Bank of Iraq,” Nineveh Provincial Council member Mohammed Ahris told Shafaq News.
He pointed out that “preventing Nineveh from financial transactions, dealing in dollars and entering the currency sale window caused direct financial losses of 20 million dollars per month,” pointing out that “the continued prohibition of Nineveh offices from transferring the dollar increased unemployment rates and negatively affected the progress of projects and hindered investment in the governorate.”
He added that “the reasons for preventing Nineveh from dealing with the dollar, like other governorates, are still unjustified and ununderstood, especially since the security situation in the governorate is stable and above-excellent.”
Ahris stressed that “Nineveh addressed the Central Bank on more than one occasion to solve this problem, but without these attempts resulting in solutions.”
It is noteworthy that Nineveh province is prohibited from foreign remittances in dollars since its liberation from ISIS in late 2017, through strict measures from the Central Bank of Iraq.
Officials attribute these measures in a security and economic framework, aimed at preventing the leakage of funds to suspicious parties, especially after ISIS used the informal financial system to finance its operations.
This prohibition was also the result of concerns that remittances could be reused to finance terrorism or support illegal activities.
Shafaq.com
Mnt Goat
Article: “HANTOUSH: ELECTRONIC PAYMENT REDUCES THE COST OF PAPER CURRENCY AND SUPPORTS ECONOMIC TRANSPARENCY”
...in early January 2023, the Finance Committee told us this was their goal to market the electronic payment process and do it in a BIG way. Sounds like their goal was accomplished. I know from my CBI contact that this had to be accomplished to conduct the Project to Delete the Zeros.
Dr Shabibi also in 2011 told us this was an integral part of this plan to withdraw nearly 2/3 of the monetary mass in circulation and to conduct the Project to Delete the Zeros. Well…they are telling us now this is successful and done.
Read also: MNT GOAT: WHAT TOLD ME MY CBI CONTACT HOW WILL ARRIVE OUR RV 🔗 FOLLOW & STAY UPDATED 📘 BLOG: https://dinarevalu...
