SANDY INGRAM: Iraq Attracts $100 Million in Investments #iraqidinar Rate: 1,309 to $1

Currency Smuggling Mafias Seize Crises To Undermine The Economy And Deplete Reserves!, 29 OCT

 Currency Smuggling Mafias Seize Crises To Undermine The Economy And Deplete Reserves!

Posted on 2024-10-29 by sotaliraq   In light of the economic and political crises witnessed by Iraq and the region, there are increasing reports of the increasing activity of currency smuggling mafias that exploit these conditions to their advantage.

These networks transfer money abroad illegally, posing a growing threat to economic and security stability in Iraq.

Reports indicate that these operations take advantage of the fragility of government institutions and the spread of corruption, which opens the door to huge losses in terms of cash reserves and the ability to finance basic needs, in addition to the exacerbation of inflation and the deterioration of the value of the Iraqi dinar.

Economic expert, Mohammed Al-Kubaisi, revealed that “the currency smuggling mafias in Iraq and the region are exploiting the economic and political crises to increase money smuggling operations abroad, which results in serious damage to the Iraqi economy.”

He explained that "these mafias are working to transfer huge sums of money illegally, which directly affects the value of the dinar and increases the severity of inflation in the country."

He pointed out that "smuggling operations lead to a shortage in foreign currency reserves, which weakens Iraq's ability to finance its basic import needs and further deteriorates the balance of payments."

He added that "the illegal exit of these funds contributes to the decline in domestic investment and the creation of an unstable economic environment, as smuggling relies on corrupt channels that undermine the effectiveness of government institutions and increase the spread of corruption."

The expert stressed that “currency smuggling does not only affect the economic aspect, but also extends to constitute a serious security threat, as this money is used to finance illegal activities including drug trafficking and financing armed groups, which exacerbates the security challenges in the country and the region as a whole.”

Al-Kubaisi concluded his speech by “warning of the danger of these practices that weaken Iraq’s financial sovereignty, stressing the need to take firm measures to stop smuggling operations and enhance oversight of financial transfers, with the aim of protecting the national economy and restoring confidence in financial institutions.”

For his part, Nasser Al-Kanani, an economic expert, said, “As soon as the war in Lebanon and Gaza escalated and security tensions in the region as a whole, specialized mafias emerged that work to exploit such security conditions in order to increase the process of smuggling currency from Iraq. There are different methods for this smuggling, some of which are done through foreign imports, which take place outside the platform.”

He added, “Iraq is working to strengthen its national currency, but there are those who are working to weaken this currency by making the dollar very high against the national currency, and some are working to limit large commercial transactions to the dollar exclusively, and the sale of real estate, cars, etc., and this also weakens the national currency, despite all the campaigns to prevent internal transactions in dollars.”

The economic expert continued, “Iraq cannot exploit conflicts and wars to strengthen its national currency, especially since it is working hard, internally and externally, to stay away from these wars. Iraq realizes the great economic danger if it enters the circle of conflict and wars.”  LINK

JUDY NOTE, 29 OCT

 JUDY NOTE

Sun. 27 Oct. 2024 The things M**************a won’t tell you about: The Republic U.S. Treasury took over the Federal Reserve from the Vatican Bank back in 2018. The U.S. Corporation is defunct & bankrupted. 

The new Capitol of U.S. is possibly in Texas. The new currency will be U.S.T.N. (United States Treasury Notes). 

The new Treasury is in Texas. 

Texas is going Gold-Backed Currency as early as November 2024. Texas applied to be a part of BRICS+. United States is said to join the BRICS+ nations publicly by 2026. Texas is setting up the QFS for the new U.S. Republic!

MILITIAMAN: MM&C News Report on Iraq Dinar-2024 Budget Focus-Oil & Gas Export Ceyhan...

Reassuring Citizens.. Economist: The Dollar Exchange Rate Will Return To Stability, 29 OCT

 Reassuring Citizens.. Economist: The Dollar Exchange Rate Will Return To Stability

Economy |Baghdad Today – Baghdad  Economic expert Mustafa Akram Hantoush commented, today, Tuesday (October 29, 2024), on the return of stability of the dollar exchange rate in local markets.

Hantoush said in an interview with Baghdad Today, "The rise in the dollar exchange rate has several reasons, including trade with Iran and Syria and travelers, the absence of the platform and the presence of small traders, and the presence of the parallel market."

He added, "As for the recent increase, it was due to fears of the expansion of the war in the region," indicating that "as a result of the absence of a major war and with the increasing news about stability in the coming period, the demand for the dollar will decrease and thus the dollar exchange rate will return to stability at 150 thousand dinars."

It is noteworthy that the dollar exchange rate has recorded a continuous decline over the past two days after it rose during the past period to more than 153 thousand for every 100 dollars.  LINK

RV UPDATE BY WOLVERINE, 29 OCT

WOLVERINE

• Mon. 28 Oct. 2024 Wolverine
•  “The GCR is defiantly coming this week. Hi Guys, I am a complete wreck at the moment, but I cannot tell you anything guys as it is all confidential.  I just want to tell you guys that we “In Victory! We are in Victory!  We are in Victory!” Hallelujah!  God Bless you all!

Evening News with MarkZ. 10/28/2024

Monday Evening News With MarkZ 

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member:  Good evening! Hope we hear good news tonight!

Member: Rumor : Mark the admiral wants us to go before the chaos. checking to make sure most of the Bonds people got paid and the US treasury will give the OK

MZ: None of my bond folks have money yet. One is expecting tomorrow….and others have meetings tomorrow. 

Member:  I got some info from a platform last Friday-saying they are triggering payments today and tomorrow. 

MZ: That s the rumor – that they are triggering payments and bonds tomorrow with payments starting. I am waiting for someone with bonds to have physical cash before I say too much. Do I think it’s possible? Do I think we are in our last few days?  I do. 

Member: Jennifer Fallow says it’s this week.. of course we hear its every week since at least last thanksgiving lol

Member: TNT said Tuesday &Thursday we could look to be notified

MZ: In Iraq:  “ Approval of the security sector reform Implementation plan in Iraq” This is part of the removal of the UN mission in Iraq.   Removing the UN security mission is big news. When that happens there will be a complete 100% sovereign Iraq.  We get paid and the Iraq people get paid. 

Member: Tomorrow is the anniversary of the 1929 Black Tuesday Market crash

MZ: Some folks think tomorrow will be a repeat of that…seems whenever the market crashes it’s usually on a Tuesday ……guess we wait and see

Member: National Day of Prayers being held on Nov. 3rd in DC... Please Join in.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY