Monday, March 24, 2025

KAPERONI: The digital transformation in Iraq is only for them! @DINARREVALUATION #iraqidinar

His Excellency The Governor Of The Central Bank - Zaid Al-Hilli, 24 MARCH

His Excellency The Governor Of The Central Bank - Zaid Al-Hilli

March 22, 2025 Open mouth, closed mouth

His Excellency the Governor of the Central Bank - Zaid Al-Hilli
I would not have intended to address this appeal directly to Your Excellency, as I am convinced that you are a man known for your humanity and that you understand the implications of this appeal.

However, the numerous inquiries and appeals received from hundreds, perhaps thousands, of citizens in the media, including our newspaper, have prompted us to issue this appeal. We are hopeful that you will make your just decision during these blessed days of the holy month.

To summarize, there are private banks that failed to perform their duties for a variety of reasons we don't have the business of mentioning. This prompted the Central Bank to place them under its guardianship. Shareholders and depositors were delighted with the guardianship decision, hoping to rectify the situation of these banks and return them to strong operation. However, the matter took too long and became a disaster for citizens.

Citizens affected by the guardianship decision have been making intensive and persistent appeals to the media, even threatening to organize demonstrations to make their voices heard.

The phenomenon of placing many private banks under the guardianship of the Central Bank has begun to appear as a punishment for citizens who deposited their money or purchased shares in banks originally licensed by the Central Bank itself and established under valid government laws.

The "guillotine" of guardianship has eroded the remaining capital of these banks through rent payments, electricity and water bills, generator costs, employee salaries, and maintenance, all at the expense of the remaining funds of depositors and stockholders.

These are banks that are both open and closed! I ask: Wouldn't it be reasonable to end this anomalous situation, liquidate these companies, and distribute the remaining funds—which are a small amount—according to the creditors' apportionment system, instead of letting everything be lost, as happened with the Basra International Bank and others?

I have great hope in your wisdom and your usual humanity, because I believe that the prolonged guardianship situation may turn into a public opinion issue, although it is easy to solve.

Please, do not leave people alone to face this ordeal, some of whom are orphans, so rush to help those who have lost a small part of their savings, especially since we are in the last days of the blessed Ramadan. And be certain, Your Excellency, that the hand of charity is never empty, but rather God fills it with the blessings of giving.

Please accept my highest respect and appreciation. LINK

TIDBIYT FROM SANDY INGRAM, 24 MARCH

Sandy Ingram

CBI governor al-Alaq has emphasized Iraq's financial and banking systems are undergoing fundamental transformations stating paper currencies will decline making way for digital payments issued by central banks.

He confirmed the bank is actively working toward launching its own digital currency aligning with trends seen in other central banks worldwide...

With transactions moving to a controlled digital space, it will become nearly impossible to maintain a secondary unofficial exchange market...Stay positive, we do not yet know what Iraq will do...

MIKE BARA: QUICK UPDATE : I have been told Zurich and Reno are paying out @DINARREVALUATION

,FRANK26: "SUDANI IS IN CONTROL OF THE NEW EXCHANGE RATE". 24 MARCH

KTFA

FRANK26: "SUDANI IS IN CONTROL OF THE NEW EXCHANGE RATE"......F26

Mazhar Muhammad Salih: Delaying the 2025 budget schedules will have no impact on government spending.

3/22/2025

Mazhar Mohammed Saleh, the Prime Minister's economic advisor, explained today, Saturday, the importance of the financial tables that will be sent to the House of Representatives regarding the necessary adjustments to the 2025 budget .

Saleh told Al Furat News Agency, "Despite its delay due to the amendment of some articles of the Federal General Budget Law No. 13 of 2023 last February, related to the region's oil, there will be no significant impact on spending in the public finances."
He pointed out that there are two "legal flexibilities" that contribute to regular spending: the legal provisions in effect in the general budget from 2023 to 2025, in addition to the Financial Management Law No. 6 of 2019, as amended.
He added, "These two laws provide legal cover for spending, particularly in ongoing and approved investment projects, as there is no suspension of spending except in newly created operational areas and some limited spending areas."

From.. Raghad

LINK

TIDBIT FROM FRANK26, 24 MARCH

Frank26

The oil, the blood in the veins of the monetary reform of Iraq, these [railroad] tracks, these ports, these mega ships like this one coming in from South Korea, they are going to explode Iraq.

Everything that is in position to coming in to Iraq is amazing. This is a country on steroids very soon.

The problem is, they got the steroids, they bought them, they paid for them, they're all set, they got them on the little table, got a glass of water right next to it, you want to inject them, got syringes, everything's all ready to go...but you're not going to have it until the doctor shows up in order to apply it.

The same thing with this. Not until Al-Sudani decides, yeah I am ready. He's in charge...Donald Trump is pushing, pushing, pushing for the oil to flow because once it starts to flow it exposes everything...

DINAR REVALUATION