BROTHERS TECHNOLOGY: 🚚💰 Armored Cash Convoy: Baghdad Sends Billions to Erbil for Kurdistan Salaries! 🔥

 BROTHERS TECHNOLOGY INC

‎Armored Delivery 

‎A local source in Kirkuk province reported on Saturday that cars belonging to the Iraqi Ministry of Finance began to arrive in Erbil, loaded with funds allocated to pay the salaries of employees of the Kurdistan Region.

‎The source told Shafaq News Agency that “cars loaded with funds entered today the borders of Kirkuk province coming from Baghdad, heading towards Erbil,” noting that “these funds are transferred through armored cars belonging to the Ministry of Finance, accompanied by a security force to ensure their safe arrival at its destination.”

‎The source pointed out that "this step comes in implementation of the agreement recently concluded between the federal government and the regional government with the aim of disbursing the salaries of employees in Kurdistan directly from Baghdad, within an agreed timetable."

Read also: May salaries will be paid, and June salaries will be paid in the coming days. The Council of Ministers approves the memorandum of understanding with Kurdistan

‎A source in the Ministry of Finance and Economy of the Kurdistan Regional Government revealed earlier on Saturday that the distribution of the salaries of the region's employees for the month of last May, starting tomorrow, Sunday.

‎The source, who asked not to be named, told Shafaq News Agency that "the Ministry of Finance and Economy in the regional government will, tomorrow, Sunday, deposit 120 billion dinars, as local revenues, in the account of the Federal Ministry of Finance through the branch of the Central Bank of Iraq in Erbil."

‎He added that "the Federal Ministry of Finance will deposit next Monday the amount of 960 billion dinars in the account of the Ministry of Finance and Economy in the regional government, as the salaries dues for May," noting that "the ministry will start distributing salaries to employees from Tuesday to next Thursday."

‎The source pointed out that "the Ministry of Finance and Economy will deposit another amount of 120 billion dinars on Sunday following Sunday, in the account of the Federal Ministry of Finance, as local revenues, provided that the latter deposits 960 billion dinars to cover the salaries of June, where the distribution of salaries in the region will begin from Tuesday to Thursday in the same week."

SANDY INGRAM: 🇮🇶💰 Iraq vs. U.S. Treasury: SWIFT Showdown Over Sanctions & Sovereignty! ⚠️

 Sandy Ingram   

Iraq is in trouble with the US Treasury Department...Officially Iraq is a member of SWIFT but in practice...

 many of the country's banks have been incredibly slow to get on board preferring to stick with older more opaque methods of moving money including cash...

One of the primary reasons for this hesitation is a profound concern over privacy and sovereignty.  Iraq's financial system has traditionally operated with a level of discretion fundamentally incompatible with the kind of radical transparency SWIFT demands...

The United States Treasury...sees Iraq's incomplete SWIFT usage as a gaping loophole that undermines their entire sanctions regime on the region and they are losing patience.

  This puts Iraq in an incredibly difficult position, trying to appease a powerful ally without completely alienating a powerful neighbor. 

SANDY INGRAM : "🚨 What Is Article VIII — And Why Iraq Needs It for a True Dinar Revaluation!"

  Sandy Ingram  

What is Article VIII?   

 Article VIII outlines key rules for countries in the IMF framework...

Member countries agree not to hinder international transactions for trade, services or travel.  They can't block money flowing in or out without IMF approval.  It forbids discriminatory currency actions.. .It ensures convertibility of foreign held currency. 

Read also: TIDBIT FROM SANDY INGRAM

 Member nations must convert foreign held balances into their own currency or special drawing rights (SDRs) when used for acceptable currency transactions. 

 Accepting Article VIII signals a country is committed to open and fair currency practices.

  It boosts trade, builds investor trust and integrates the nation into the global economy.  Iraq does not yet have Article VIII status.

"🚨 BREAKING: MARKZ RECAP – ISO 20022 Goes Live, Iraq Currency Shifts Loom, and Silver Ready to Explode!"

 

BETWEEN IMF RECOMMENDATIONS AND BAGHDAD’S AMBITIONS… IRAQ PLANS A NEW ECONOMY

BETWEEN IMF RECOMMENDATIONS AND BAGHDAD’S AMBITIONS… IRAQ PLANS A NEW ECONOMY

Prime Minister’s advisor, Mazhar Mohammed Saleh, confirmed on Monday that the government’s reform policy has not deviated from the recommendations of the International Monetary Fund, while explaining that the government seeks to transform the rentier economy into a diversified, productive economy. 

“Despite the significant financial exposure to oil revenues, which has made the financing of public spending, especially investment, dependent on oil price fluctuations and the oil asset cycle, as well as the pressure of employment in the government sector, which has absorbed the state’s resources without creating parallel productivity in the real economy,  these are facts that put pressure on the growth paths of the rentier economy.

However, it can be said that Iraq possesses promising economic components if they are employed within a realistic and gradual development vision,” Saleh said in a statement to the official media, followed by “Al-Mutalaa”.

He added, “Strengthening the non-oil sector requires a real shift from a rentier economy to a diversified productive economy, something the current government is seeking to achieve within the framework of its government program. The reform policy currently being adopted by the government has not departed from the recommendations of the International Monetary Fund, which are repeated in most of its meetings, official gatherings, and reports.” He pointed out that the government program approved by the Council of Representatives in October 2022 serves as a guide and vision that has been implemented in the work of the Iraqi reform government.

Read also: FRANK26: Experts: Liberation from the rentier economy occurs through modern banking.

This has been embodied in the transformations in the country’s economic policy, despite the heavy social and economic legacy accumulated over the past years, such as stalled projects, thousands of employment contracts with the government that lead to permanent employment, and the poverty alleviation program, which required reaching two million families in the social welfare budget. He explained that:

“The government has paved its way with the non-oil economy in an exceptional way since it announced that it is a government of services, as it began implementing dozens of service infrastructure projects that were suspended, including starting to build one million housing units and hundreds of school buildings, hospitals, bridges, roads, electricity and water networks.

And announcing a partnership program, especially in the industrial and energy fields, with the private sector, by granting the private sector sovereign guarantees to interact in technologically advanced industrial investment, without neglecting the agricultural support policy that provided sufficient security from the production of grain crops. This is what indicated the decline in unemployment to 13 percent after it was 17 percent, in addition to the high stability in the general price level, which did not exceed 3 percent.”

He continued, “The government is proceeding with banking structural reforms without interruption, in addition to its successes in bringing Iraq into the digital age by improving digital payment systems, and the progress achieved in the gas sector and its exploitation within the development of the energy sector and natural resources, all of which constitute key factors for sustainable economic growth, which reflects the stability of Iraq’s credit rating, with the adoption of the Development Path Strategy as a program to achieve the goals of generating a leading economic sector in development outside the oil sector, to shape the coming economic future in sustainable development in our country without interruption.”

WALKINGSTICK: "🔥 Iraq Is FREE! IMF Lifts All Currency Restrictions — Dinar Unchained!"

 Walkingstick 

 There are no sanctions on Iraq anymore in any way, shape or form.  There are no sanctions.  You have the IMF today giving permission for Iraq to do whatever they want to do with their exchange rate. ..

The IMF has confirmed what is going on inside of the CBI and...inside of Iraq.

Read also: 🚨 MNT GOAT REPORT: Dinar Demand Explodes – Is This the Next Big Currency Play?"

..The handcuffs on their currency is gone. 

 That's why you're seeing all of this now being said...Now, they're still in transition legally  and that's ok because we can keep them under our wing and protect their currency... But there are no active restrictions that remain right now on the CBI or their currency.

FIREFLY: 🔥 1:1 Dinar to Dollar? Black Market Fading Fast – Big Moves Ahead! #dinarrevaluation #iqd