DINAR REVALUATION

Sunday, June 2, 2024

Iraqi dinar | Iraqi Dinar Value Update | Iraqi Dinar News Today 2024 | d...

Al-Aboudi: The decision to end UNAMI’s mission in Iraq is a big step towards full sovereignty, 2 JUNE

Al-Aboudi: The decision to end UNAMI’s mission in Iraq is a big step towards full sovereignty

Member of the General Authority of the National Wisdom Movement, Rahim Al-Aboudi, considered the decision to end UNAMI’s mission in Iraq a big step to prove complete sovereignty.

Al-Aboudi said {to Al-Furat News} that: “The United Nations is looking with another eye at Iraq and is following up on all political, security, social and economic activities. Therefore, this transition is a merit of the Iraqi people and political forces.”
He added, "The government had a major role in this transition, and it is a major step to prove that Iraq has a different title and status and the need for complete sovereignty and dealing with the country on the basis of this entitlement."

Al-Aboudi continued, "Iraq adopted many decisions, as well as many foreign relations, whether at the level of Middle Eastern countries or countries of the world, in order to have a different role in the next stage."

He stated, "This decision has become an important responsibility for the government to affirm the right of the Iraqi people to be a growing and prosperous country. Today, Iraq is adopting a policy of calm in the region and proving itself."

Yesterday, Friday, the UN Security Council decided to withdraw the United Nations Assistance Mission for Iraq (UNAMI), which has been in the country for more than 20 years, by the end of 2025, at the request of Baghdad.

The unanimously adopted resolution stipulates extending the mandate of the mission, which was established in 2003, “for a final period of 19 months until January 31, 2025.”

The Iraqi government welcomed the UN Security Council's decision to end the mandate and tasks of the United Nations Assistance Mission for Iraq. link

WHERE TO PARK FUNDS SET ASIDE FOR TAXES, MISC NOTES BY TEXAS SNAKE

WHERE TO PARK FUNDS SET ASIDE FOR TAXES, MISC NOTES

While not every Mutual Fund Money Market Fund is not insured above the $250k FDIC limits there are some that have excess coverage.

A Wealth Management Money Market Account ensures every act up to the 250K limit per depositor, they also have a proviso that each and every trust or discretionary Asset Management

Account to a maximum limit is equally insured to that limit.

Asset Management Accounts in excess of the FDIC limit are required by statute to be fullY collateralized with securities owned by the bank. The collateral consists of very high-quality fixed income securities mostly federal agencies that are held in a segregated account at a different

National Bank.

The funds held in these types of accounts have a completely different method of computing interest. than the average MFMA including the money net fund average, the GIA (government institutional account) current yield plus 4-week average rate multiplied by a 1.03 factor to determine the effective rate of interest.

I personally do not feel there will be any tax which will be my argument for them to prove me wrong, this IS based upon my understanding of the code, but that's just my opinion. One of the more successful of these accounts is offered by the Private Bank and Trust Company in Chicago, Illinois, have been familiar with them for years and never been disappointed.

If one reads the exchange foreign currency provisions, it mentions a dollar amount more than X upon returning through customs and declaring, how many purchased currencies offshore?

Normally do not go through customs upon entering a bank lobby but then that's just me. For those that follow FEMA and their emergency relief efforts have you ever wondered why they

show up after huge losses and give away low cost or zero cost money?

It has been actuarially determined that every dollar given in a particular disaster will result in that dollar being taxed an average of 8 times before it departs the disaster area - ergo a net gain for the treasury.

Now take the level of revenue suddenly being introduced and use the same factor as FEMA and try to calculate the net value to the treasury. Now do this on a national level vs say New Orleans or Baton Rouge during floods or hurricanes and the value is almost incalculable.

I suggest you do a google search on the Honest Service Doctrine and keep in mind if you see new laws suddenly appearing, just a thought. It will be my plan to hold a certain amount of interest pending the final determination of any tax liability. However, I will use every means available to hold any amount due to an absolute minimum.

Having the level of regard, I possess for our politicos I am more confident in the written word as it is expressed in Title 26 and 27 and the ultimate request to produce that specific section that is applicable. Federally can only be done for one year as you have expo facto concerns not at all

certain how a state could do this unless their legislation is only in session every other year like Texas but then we do not have a state income tax liability. If you really wish to make it interesting, you might wish to investigate the Volstead Act and all its applications.

With all the discussion about what to tell a banker, how to best represent yourself before the individual conducting the exchange, I know the bank that will ultimately control the funds I will receive so I have made it a point to become known on a first name basis with all the officers and

they know me and many of my beliefs relative to assisting my community, plan on dropping their names at the exchange Point being people within the bank who can confirm sincerity of my desire to promote community improvement may have an impact on the stranger performing the exchange should they wish to contact the local VP of commercial loans or a personal banker

working for the very same institution.

As I recall you have a significant travel time from domicile to bank but if you are dealing with folks within your area who are most familiar with your involvement who are in a position of notice you might ask for a letter of introduction to whomever as an FYI that this individual is worth any

consideration the new banker might provide I counsel college students and we have learned to complete a resume of all the community assistance programs they have involved themselves with above the academic GPA as during their job interviews companies are more interested in actions taken above the normal college experience and it has tended to get these folks hired at an above average rate.

A consideration is to put together a list of those familiar with your activities as well as your character and ask for their permission to use their name and contact permission for

banker in the new city to check your references As an aside for all who have kids or grandkids in college,

if they assist with the food bank, habitat for humanity, youth councils, or other community non-profits while in college these agencies will provide a Certificate of Appreciation for each event they participate and the student creates a portfolio including all these certificates and takes along on their job interviews. Amazing results.

Deflation ‘Intensifying’, ‘Monumental Rally’ Will ‘Shock People’ | David...

A Final Meeting Of The Parliamentary Finance Committee To Complete The Budget Law Schedules Report, 2 JUNE

A Final Meeting Of The Parliamentary Finance Committee To Complete The Budget Law Schedules Report

Sunday 02, June 2024 13:20 | Economical Number of readings: 181 Baghdad / NINA / Today, Sunday, the Parliamentary Finance Committee held a final meeting to put the final touches on its report on the general budget schedules.

Since last week, the committee has continued its periodic meetings in the Guest House building of the General Secretariat of the Council of Ministers, to discuss the general budget schedules, leading to the preparation of the final report that will be presented in tomorrow’s session, Monday, which the Presidency of the House of Representatives decided to allocate for voting on the schedules of General Budget Law No. 13. For the amended year 2024 and its annexes, Tables A/B/C/D/E/F./End 5

https://ninanews.com/Website/News/Details?key=1130151

Parliament Holds A Session To Vote On The 2024 Budget Schedules

Iraq 2024-06-02 The House of Representatives is scheduled to hold its regular session, tomorrow, Monday, to vote on the schedules of Federal Budget Law No. 13 for the year 2024 and its annexes.

The representative of the Patriotic Union of Kurdistan bloc, Dr. Briar Rashid, told PUKMEDIA: The House of Representatives has postponed its legislative recess to vote on the federal budget schedules for the year 2024.

He added: There is pressure from Federal Prime Minister Muhammad Shia al-Sudani and some political parties to vote on the budget schedules so as not to disrupt government affairs. Federal and continuing to provide services to citizens.

He explained: Voting on the budget tables requires the presence and voting of 165 deputies, and the government needs to vote on these tables, so it wants to speed up the vote on them.

Representative Briar Rashid continued: The House of Representatives will hold its regular session at exactly three o’clock in the afternoon tomorrow, Monday, to vote on the schedules of the Federal Budget Law for the year 2024. https://kirkuktv.net/AR/Details/21071

"BANK EXCHANGE ITEMS" BY TEXAS SNAKE

Bank Exchange Items

Account Setup:

[ ] Setup separate accounts for each currency or bond, IE Dong, Dinar, Zim [ ] Real-time on-

site verification with no further review

[ ] Instant deposit credit with immediate access to funds

[ ] Follow up appointment set with Wealth Manager and/or Private Banker [ ] All accounts

must have a Payable On Death (POD) clause.

Items to have in hand leaving the exchange:

[ ] Privileged ATM card [No Fees even out of the network] NO – RFID chip or the card is

provided with a sleeve that blocks RFID scanning

[ ] Books of Checks (10)

[ ] Clean and Clear funds letter (Original and 10 notarized copies) [ ] Proof of funds letter

(Original and 10 notarized copies)

[ ] Copy of the signed NDA (Banker must sign as well) [ ] Complete Notary service

[ ] $10,000.00 in cash

[ ] Bank to provide a team to include:

[ ] Tax Attorney,

[ ] CPA,

[ ] Wealth Manager,

[ ] Financial Planner,

[ ] Private Banker

[ ] Print out clearly displaying ALL of the transactions with regards to these accounts

Accounts must have the following restrictions:

[ ] Flag all accounts as “ACCESS RESTRICTED TO NON-ESSENTIAL BANK PERSONNEL”

[ ] TAG ALL ACCOUNTS AS NON-TEST AND NON- TRADING ACCOUNTS

[ ] Bank has NO POWER OF ATTORNEY

[ ] Money Manager DOES NOT have complete fiduciary control over ANY of your money

and must request authorization for any transaction as a security measure

[ ] Absolutely No Investing in Blackrock/Aladdin or Carlisle without approval and complete

terms review

Accounts must have the following features:

[ ] NO limitation of time or amounts, penalties, charges or fees on transfer or withdrawals

of funds from any of the accounts

[ ] NO Fees on checking or savings accounts

[ ] NO ATM fees, NO human teller fees and NO NON-System ATM fees [ ] NO debit or credit

card fees

[ ] NO Monthly Maintenance fee, Annual Maintenance fee, Service fee or Card fees for any

purpose

[ ] NO fee or charge for cashing any form of checks, free traveler’s checks

[ ] NO cash advance fees

[ ] NO Automatic withdrawals

[ ] NO fees or charges for obtaining certified checks, cashier’s checks or money orders

[ ] NO bank spread or currency exchange fees [ ] NO cashier’s checks fees

[ ] NO Annual memberships fees

[ ] NO Computer or Remote Banking without Multifactor authentication to verify access

and notification of all failed access attempts