GROUP PAYOUTS AT REDEMPTION CENTERS: Dinar/Dong = double-digit USD , Notification Phase underway

 

The Association Of Private Banks Holds A Specialized Workshop On "Control Guidelines For Internal Assessment Of Capital Adequacy Standards"

 The Association Of Private Banks Holds A Specialized Workshop On "Control Guidelines For Internal Assessment Of Capital Adequacy Standards"

Advisor to the Association of Banks, Samir Al-Nusairi  Banks  Economy News – Baghdad  The Iraqi Private Banks Association held a specialized workshop on the subject of regulatory controls for the internal assessment of capital adequacy standards.

The seminar hosted representatives of the Central Bank, including the relevant managers of the Banking Supervision Department at the Central Bank, and was attended by representatives of all commercial and Islamic banks, including the directors of risk, compliance, credit, internal and financial audit, and members of the boards of directors who are members of the Risk Committee.

The workshop was moderated by the Association of Banks' advisor, Samir Al-Nusairi, who spoke about the objectives of regulatory standards for capital adequacy in accordance with the requirements of the Basel Committee's second pillar to secure a capital buffer to mitigate risks. He emphasized the need to strengthen and improve corporate governance in banks based on the Environmental and Social Standards Guide issued in 2024.

He pointed out that the comprehensive banking reform project, which the Central Bank is working to implement in cooperation with the global consulting firm Oliver Wyman, is sponsored and supported by the government.

Central Bank representatives Ali Abdul Aziz and Hussein Reda spoke about the details of the regulations and tasks required of banks, as well as the procedures and timelines required to implement the regulations over the coming year.

The attendees discussed the regulations and observations that required clarification and answers from the Central Bank. These were answered by Central Bank representatives. At the conclusion of the workshop, it was decided to form a permanent joint working group between the Central Bank and the banks to follow up on implementation and address any obstacles that may hinder implementation. 

Specialized workshops and training courses will also be held for relevant leadership cadres on the boards of directors and executive management at banks to ensure accurate implementation and application of the regulations.   https://economy-news.net/content.php?id=55727

Redemption Centers will begin processing live appointments under full GESARA protocol

Redemption Centers will begin processing live appointments under full GESARA protocol …Med Bed Technology on Telegram

• According to sources inside two U.S. Treasury branches, the schedule is already being populated with approved Tier 4B participants. This is the moment we’ve all prepared for.

• The redistribution has begun. We’re no longer “about to.” We’re now in motion.

What happens at a Redemption Center?

• You’ll confirm your identity through biometric authentication.

• Your ZIM, Dinar, and Dong holdings will be verified and exchanged at asset-backed rates.

• You’ll receive a digital quantum card tied directly to your sovereign QFS wallet.

• You’ll be briefed on post-exchange asset management, debt clearance, and project support funds.

• Locations are tightly controlled. No drop-ins. You’ll receive your time slot via direct encrypted alert — be ready.

• Security Protocols:
  • These facilities are protected by military-grade encryption and surveillance.
  • All activity is recorded through the quantum ledger and cannot be erased.

FIREFLY: the dinar is gaining against the dollar in our country. @DINARREVALUATION #iraq #iqd

 

Central Bank: A Comprehensive Five-Pronged Plan To Combat Money Laundering

 Central Bank: A Comprehensive Five-Pronged Plan To Combat Money Laundering

Banks  Economy News – Baghdad  The Central Bank announced on Thursday that it has put in place preventative measures to combat money laundering across various sectors, while noting that there is international cooperation at the strategic level involving international organizations.

Hussein Ali, Deputy Director General of the Central Bank's Anti-Money Laundering and Combating the Financing of Terrorism Office, said, "The crime of money laundering is linked to the extent of the predicate crime being committed domestically, as well as to the extent of preventative measures taken by the state."

He explained that, "Based on a comprehensive assessment of the anti-money laundering and counter-terrorism financing system, weaknesses in this system were identified, where they are being exploited, which sectors are being exploited in money laundering, and which predicate crimes are most commonly committed."

He added, "After identifying these crimes and the points where money laundering occurs, mitigating measures were put in place to address the risks of money laundering through these sectors."

He continued, "Easing measures have been put in place in the real estate sector, with real estate sales being conducted through the banking sector. Special measures have also been put in place in the gold sector, with financial institutions enforcing stricter controls on gold transfers."

He pointed out that "electronic cards, which were exploited by some unscrupulous individuals for foreign withdrawals, were used to benefit from the exchange rate or to move illegal funds. This phenomenon has been curbed and mitigated by establishing controls and updating the limits on these cards so that they are no longer useful to those who make foreign withdrawals."

He emphasized that "all these treatments are based on a real evaluation process with very precise results, which helped ensure that the treatments were specific and focused." 

He noted that "the Anti-Money Laundering Law addresses all these sectors, and there are international and national studies that identify new trends pursued by money launderers. Every time a new method is added, countries implement preventative measures for it."

He explained that "one of the methods also includes registering fake companies, and there are procedures in place for this in cooperation with the Companies Registration Department, including the process of identifying the real beneficiary of these companies, which is a very important matter to prevent the use of front companies for these companies."

He pointed out that "the Iraqi state took appropriate measures, and even when it was evaluated by the Financial Action Task Force, the evaluation result regarding the beneficial owner issue was appropriate for Iraq's situation."

He pointed out that "all measures taken are based on a risk-based approach, so that when there are risks, measures are taken to address them, while private transactions involving citizens are not complicated."

He emphasized that "all countries in the world cooperate in the field of combating money laundering through multiple channels, and in the Anti-Money Laundering Office we have counterpart offices called counterpart units." 

He explained that "information is exchanged with these units without any conditions, and without the involvement of diplomatic bodies such as the Ministry of Foreign Affairs or the intelligence service."

He stated that "there is international cooperation at the strategic level through reports and through our participation in relevant international organizations," noting that "regarding our work, we conduct an investigation, and after completing the file, it is referred to the judiciary, and we say that this person carried out a money laundering operation, and took out the funds of such-and-such state, and this money reached such-and-such a value, and is present in such-and-such accounts, and after that, there is official judicial cooperation from one judiciary to another for the purpose of seizing and confiscating the funds."  https://economy-news.net/content.php?id=55722

JUDY NOTES

 Global Currency Reset:

June 5–9: Scheduled Rollout Window for Tier 4B …Nesara Gesara QFS on Telegram

• I just finished reading the internal advisory bulletin passed to mid-level banking partners. The onboarding for public Tier 4B users is scheduled to go active between June 5–9, depending on regional system loads.

• This aligns with earlier test patterns and real-time EBS synchronization signals we’ve been tracking. It’s finally converging.

What You’ll Receive:

• SMS and email from a secure encrypted node

• Personal activation key

• Step-by-step wallet access instructions

• Details on how to access your Sovereign Fund dashboard

• One alert. One tap. And your entire financial future will change.

• Security Note: Biometric login. No passwords. No banks. You — and only you — own the keys.

• I’ll walk everyone through the process when it starts. Until then, remain vigilant. The lights are coming on, and the system is waiting for your signal.

• We are days — not weeks — away.

TIDBIT FROM PIMPY

 Pimpy  

 Community comment:  "If the Iraqi government do something like deleted the zeros and devalue the 25,000 bank note down to 25, IMO this will hurt the trust of Iraqi government because they allowed the sale of the dinar understanding that this was an option in recuperation towards the Iraq government economy."

  The Iraqi people don't give a shit if you bought their currency and invested in it.  It doesn't look bad on them.  The Iraqi government didn't make any promises about the Iraqi dinar...If you took that gamble, that's on you.

 I would call it a devalue because they're not devaluing. 

 All they're doing is changing the way the bank notes look.  So instead of 25,000 dinar, you now have 25 dinar.  That's the nominal value.  That's just the way the note looks...It's not being devalued, it's still the same...

Right now the exchange rate on 25,000 dinar is .00076...you get $19.  When they delete the 3 zeros off the bank notes...they're going to take the 3 zeros off the exchange rate.  So now it's going to be 25 x .76 which comes out to $19.

  The value of the dinar stays the same.  The bank note, the nominal value, is the thing that's going to change.