HowieC

Well I'm glad I was around to hear that HUGE issuance of DECISION. Isn't that suppose to be their PURPOSE ?

Hard to forget what went on the first time the so called puppet master pulled the troops out

CBI still won't load 🙂

ISX: A platform for unlisted joint stock companies will be launched on Jan. 2, 2024 ISX will launch a new platform for unlisted joint stock companies (OTC) on Jan. 2, 2024. ISX News - Rabee Securities (rs.iq)

Romanciki reveals $73 million to Iraqi government to improve services PoliticsVolcanoesU , S , AmbassadorSudanese GovernmentAlina Romanciki 2023-12-30 05:39 US Ambassador to Iraq Elena Romanciki revealed on Saturday that $73 million has been provided to the Iraqi government for the purpose of cooperating with civil society and improving services. Romanciki said in a tweet through her official account on the X site "formerly Twitter", that the goal of the Iraqi government of supporting community participation and effective local governance is a key priority within the comprehensive US-Iraqi partnership. The U.S. Agency for International Development Middle East (USAID Middle East) has provided $73 million through the Iraq Together program to enable the government to collaborate with civil society and communities to improve public services. رومانسكي تكشف عن تقديم 73 مليون دولار الى الحكومة العراقية لتحسين الخدمات - شفق نيوز (shafaq.com)

Hopefully the "continuous flow" is for trade and not for the use of citizens inside Iraq. Last I heard or read..... there was to be no use of USD inside Iraq as of 1/1 24.

Thank you 6ly410 for all you do and your thoughts. IMHO my thoughts as well...in a nutshell

All they have to do is form a committee and take a few days off. Come back and ammend the HCL law to be enforced AFTER the rate change (RV needs to happen 1st ) Take a few days off AGAIN and RV. Since everything they do is sCRAMBLED.. That's the only way it will fly in the Iraqi mindset.

This article adds even more credence that come 1/1/24, USD will not be used by the citizens in Iraq. I'm thinking regardless of what gas stations are requiring.....the Iraqi people still need cash day to day. It doesn't register with me how they're going to do that without circulating lower denoms and a revalue.

Only approximately 6 weeks till 2024...hard to believe.

I would think they have to revalue before the end of the year, in order to go with their plan of no USD to be used after 1/1/24. Am I dreaming?

GO IRAQ.......YOU CAN DO IT!!!! Still Down

The only "Delay" is the RV........Which needs to happen BEFORE the HCL

Seems like this could add to the fire under the CBI

Something we should be very concerned about IMHO. I've been looking into credit unions. Not having any luck finding one that does foreign currency exchange.

The Cabal owns / runs all the Central Banks. They just so happen to be running the Iraqi CB through Iran.

Loans and dollars. Parliamentary mobilization to oust the governor of the Central Bank: failures and promises not implemented Politics | Today, 10:10 | +A- A-A. Baghdad Today - Baghdad On the twenty-fourth of January of this year, the Iraqi Prime Minister, Mohammed Shia Al-Sudani, reassigned Ali Mohsen Al-Alaq to the position of governor of the Central Bank, more than two years after he was dismissed from the same position he held for about six years, from 2014 to 2020. With the worsening of the US dollar exchange rate crisis and its continued rise against the Iraqi dinar, as well as the high interest rate on loans granted by the Central Bank, voices rose within the Iraqi parliament to demand the dismissal of Governor Ali Al-Alaq from his post and replace him with another to address the rise in the exchange rate and financial and economic reforms after Al-Alaq failed to resolve these crises. According to the opinion of the deputies. In this regard, independent MP Hadi Al-Salami affirms, on Sunday (October 1, 2023), the continuation of the parliamentary movement aimed at removing Ali Al-Alaq from the tasks of managing the Central Bank of Iraq. Al-Salami says, for "Baghdad Today", that "many MPs have different observations on the management of the Central Bank of Iraq, there is a major failure of this administration and despite all the promises and measures taken by the relationship, the Central Bank is still not in control of the issue of the rise in the exchange rate of the dollar and there is an exacerbation of this crisis." The tenure of the bank's presidency witnessed a number of financial failures, most notably the sinking of 7 billion Iraqi dinars in the money store inside the central building in central Baghdad, and the disclosure that other large sums were damaged as a result of moisture and rainwater. The MP believes that "there are observations on the issue of raising interest on housing loans, this matter will reduce the issue of applying for those loans, which aims to reduce the housing crisis, this matter caused great popular anger, such measures exacerbate the housing crisis do not reduce it, despite the exacerbation of this crisis in all Iraqi cities, with the significant rise in real estate prices." While the researcher in economic affairs, Nasser Al-Kinani, MP Al-Salami, shares the opinion by saying, that increasing the interest on housing loans will exacerbate the housing crisis in Iraq, he confirms in an interview with "Baghdad Today", that "increasing the interest on housing loans, will significantly reduce the provision of citizens to obtain those loans, the interest will be very large, and I am sure that this step opposes all efforts to reduce the housing crisis, but it will be a factor to exacerbate the crisis." The researcher continues, saying, "The solution to the housing crisis in Iraq requires multiple offers to citizens and employees on housing loans, through the period of loan repayment and interest rate, and other encouraging factors to push the citizen to withdraw loans in order to buy housing for him, so the crisis is solved and managed and not the opposite." Between 2006 and 2014, Ali al-Alaq served as secretary-general of the Council of Ministers during Maliki's first and second governments, before being named acting governor of the Central Bank for six years starting in 6, in addition to being named head of the Joint Council for Combating Corruption in Iraq. Al-Alaq, 62, holds a higher diploma in financial sciences from the University of Baghdad. During his tenure as Governor of the Central Bank, Iraq witnessed many crises related to the management of the bank, the most prominent of which was the scandal of fake import documents under which dollars are obtained from the currency auction at the Central Bank, without the companies concerned importing any materials into Iraq. This comes in addition to the scandal of the sinking of more than 7 billion dinars as a result of rainwater in the Central Bank warehouse in 2018, and the damage of other amounts due to moisture, and the step of writing his name on banknotes of 250 dinars and 1000 dinars, contrary to the Iraqi law adopted by mentioning the governor's phrase and signing the currency, led to increasing confusion, in addition to the file of financing the Central Bank government deals marred by corruption. Source: Baghdad Today + The New Arab Loans and dollars. Parliamentary mobilization to overthrow the governor of the Central Bank: failure and promises not implemented » Baghdad News Agency (baghdadtoday.news)

I take it as they're guaranteeing the VALUE of the existing contracts. Not a super increased value...... Which to me means they're covering their butt's....we're close.

CURRENCIES Reinforcing the Iraqi Dinar: A Shift in Iraq’s Monetary Policy By Momen Zellmi•2 days ago In a decisive move to strengthen the local currency, the Iraqi Council of Ministers has mandated that all local contracts be denominated in Iraqi dinars. This decision is a notable departure from the previous norm of executing contracts in US dollars. However, an exemption is made for contracts established through external bank-issued “documentary credits.” The Ministry of Planning has been entrusted with the task of compiling a comprehensive list of former state contracts initially denominated in US dollars. This list will be shared with the Ministry of Finance and the Central Bank of Iraq in an effort to ensure a smooth transition to the new policy. Limitations on Dollar Coverage As part of this shift, the Ministry of Planning will also set a maximum monthly limit for the coverage of contracts in US dollars. The Central Bank of Iraq is tasked with guaranteeing coverage at an exchange rate of 1,320 dinars per US dollar. To facilitate monthly payments for these contracts, the allocated funds will be deposited into the Ministry of Finance’s account, adhering to all necessary release controls. The new policy also introduces a significant change for Iraqi borrowers from government banks who have taken loans in US dollars. These borrowers are now obliged to repay their loans in Iraqi dinars. The Central Bank of Iraq will cover these loans in US dollars, which will subsequently be used to reimburse the lending banks. Notably, this procedure is only applicable to loans issued before the Council’s recent decision. Strengthening the Iraqi Dinar amid Devaluation This strategic move comes in response to the devaluation of the Iraqi dinar over the past year, largely attributed to measures taken by the United States in late 2022 to prevent money laundering and the flow of dollars to Iran and Syria. These actions led to a significant drop in the street value of the Iraqi dinar, which fell to nearly 1,750 dinars per US dollar. Through the new policy, the Iraqi government aims to stabilize and strengthen the local currency by increasing its use in internal transactions. The shift in Iraq’s monetary policy is a significant step towards reinforcing the local economy. By increasing the use of the local currency in internal transactions and setting strict parameters for the use of US dollars, the government is taking active measures to curb the devaluation of the Iraqi dinar. However, the effectiveness of these measures will depend on their implementation and the response of the local and international market. Strengthening the Iraqi Dinar: Shift to Local Currency Contracts (bnn.network)

I listened to His speech on 9/25 in South Carolina, as well as the one yesterday in Michigan, word for word. I hope your right too. I've tried to search when He actually said this.

Looks to me like the cabal taking the corruption of the CB back from Iran.

"Yup. HCL will pave the way to economic reform by improving the purchasing power of the citizens." Doesn't having a respectable exchange rate pave the way to economic reform by improving the purchasing power of the citizens? What comes first.....the chicken or the egg? JMHO.....Seems to me the purchasing power of a realistic exchange rate will kick off the economy fast and right now. If a HCL passes ( if anyone lives long enough) it would be at a stand still being caught up for a list of reasons, in bureaucratic hell. Long before any money dribbling to the citizens would make any kind of difference.

So is this before or after they kick the Iranian puppet governor out of the CBI ?

The value of the Dollar going up may bring down the Dinar value. But it depends on how you look at this in reference to being good or bad. To me it may apply extra pressure on the CBI, or who's really pulling the strings, to revalue or re-instate. Sooner or later something is going to happen.