Wednesday, August 23, 2023
Coffee with MarkZ 08/23/2023
Parliamentary Finance Determines A Factor To Reduce The Exchange Rate, 23 AUGUST
Parliamentary Finance Determines A Factor To Reduce The Exchange Rate
425 The Parliamentary Finance Committee stressed, today, Wednesday, the implementation of a number of measures in order to reduce the exchange rate of the dollar, whether they are technical or related to the central bank and its procedures.
Committee member Mueen Al-Kazemi said, according to the official newspaper, that “the important factor for the decline in the dollar exchange rate is the simplification of the central bank’s procedures for merchants to urge them to resort to the currency window and not go to the parallel market that caused the high exchange rate, in addition to simplifying the procedures for granting sums to Iraqi travelers.” instead of the current method.
Al-Kadhimi added, “Another problem must be discussed with the US Federal Reserve regarding the countries from which the Iraqi merchant imports and does not grant a transfer to them, given that there is a national interest for the Iraqi people with this import.”
And on some technical matters, the committee member called for “consideration of simplifying the issue of tax that can be deducted in the central bank instead of reviewing the tax departments and entering into a complex routine.”
He stressed that "all these matters must be followed up by consulting the private sector, which is basically the root of the problem in order to obtain positive results."
https://takadum-news.com/archives/179917#hathalyoum
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Parliamentary Finance Determines A Factor To Reduce The Exchange Rate The Parliamentary Finance Committee stressed, today, Wednesday, the implementation of a number of measures in order to reduce the exchange rate of the dollar, whether they are technical or related to the central bank and its procedures. Committee member Mueen Al-Kazemi said, according to the official newspaper, that “the important factor for the decline in the dollar exchange rate is the simplification of the central bank’s procedures for merchants to urge them to resort to the currency window and not go to the parallel market that caused the high exchange rate, in addition to simplifying the procedures for granting sums to Iraqi travelers.” instead of the current method. Al-Kadhimi added, “Another problem must be discussed with the US Federal Reserve regarding the countries from which the Iraqi merchant imports and does not grant a transfer to them, given that there is a national interest for the Iraqi people with this import.” And on some technical matters, the committee member called for “consideration of simplifying the issue of tax that can be deducted in the central bank instead of reviewing the tax departments and entering into a complex routine.” He stressed that "all these matters must be followed up by consulting the private sector, which is basically the root of the problem in order to obtain positive results." https://takadum-news.com/archives/179917#hathalyoum
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Parliamentarian Expects To Pass The Oil And Gas Law Before The Local Elections Energy Economy News – Baghdad A member of the Parliamentary Oil and Gas Committee, Zainab al-Moussawi, expected, on Tuesday, to vote on the draft oil and gas law before the provincial elections scheduled for December 18. Al-Moussawi said, "Discussions and discussions are continuing about the oil and gas law, which will join the work of natural resources in Iraq, but we want to reach a formula for a law that serves the country and does not serve one party at the expense of another." She added, "There are objections by the Kurdish blocs about some articles in the law, such as handing over oil production in the region to Baghdad and exporting it through SOMO, in addition to allocations for oil-producing provinces and other matters that will be resolved soon." Al-Moussawi added, in an interview with "Euphrates News" agency, which was followed by "Al-Iqtisad News", that "a vote on the law is expected before the next local elections."
https://economy-news.net/content.php?id=35812
In detail.. A newspaper opens the file of “selling cars in dinars” instead of dollars, 23 AUGUST
In detail.. A newspaper opens the file of “selling cars in dinars” instead of dollars
DINARLAND UPDATE, 23 AUGUST
MarkZ
[reference Militia Man post below, 8-22-2023]The most important timing he [Militia Man] mentioned is with Al Sudani and the expectations to have money flowing by the 26th. A lot of folks in Iraq and involved with Iraq believe this could mean a change in value.
… we have learned that the CBI is targeting a new revalued rate for the dinar of 1132 from 1320 and very soon…this is their target, and we know now it is. Is this the last rate change we are looking for prior to the 1:1 coming revaluation and triggering the project to delete the zeros? Just be patient, the reinstatement is coming.
[Aki’s Iraqi Bank report]
All banks are back online. The ones they did not give licenses to will be under the tutelage of the CBI. No more F$%^ing around…Banks…machines have been set up. We have done everything that the CBI has requested of us. We do not know of any other meetings that we are scheduled with the CBI…All that we are waiting for is the exchange rate now.
As long as they [Iraqis] have money and they can buy and sell stuff they don’t pay attention to it [dinar RV]. That guy’s gonna have one million in his pocket or 1500 it’s gonna be the same thing. It’s going to spend the same thing. In the United States and Europe too they talk about…all over the world they talk about because they know it’s gonna happen…It’s an investment for the outsiders. But for Iraqis it’s not an investment…Over there if we change the currency all we have to do is take that 2 millions and change them to two millions with small categories…
"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 23 AUGUST
Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: Sudani on television again saying in the coming days we will see the overthrow of the major corrupt. This is what we think is the final part to cut the head off the snake…My bank friend told me this it the part we’re looking for next and then we get what we want.
FRANK: …You can trust Sudani to cut the head off that snake.
Why isn’t there a lot of article…information this past week? Why? It’s on the [down] low side right now on purpose. You’ll see.
Corruption in Iraq is being dismantled and that’s what we need to have the new exchange rate…they stepped on the gas…hundreds of people being arrested. Millions and million of dinars being brought back to Iraq. This is all part of the monetary reform…
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...