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  1. rvmydinar, I agree with you, the cbi is trying to disguise the real new denomination of bills on purpose until the right time to suddenly announce the iraq citizens to exchange old dinar for a new lower denomination of bills. Go RV Go asap 10/4 🙏🏼
    14 points
  2. I feel the opposite of the mtn goat.. The RV will be coordinated behind the scenes but nobody will know about it.. it will just be sprung on everyone... JMO
    10 points
  3. As your Ole Joe Biden stated it.... Come on Man!!! It clearly states 250, 500 and the 1000 in the article.
    10 points
  4. Good Morning Dinar Vets, here's an opinion & comment that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Ray *** Article: "The Central Bank of Iraq decided, and based on the minutes of the Currency Affairs Committee meeting No. (6) for the year 2020 held on 9/23/2020" Quote: "Re-impose a shortage fine on the small denominations ( 1000 , 500 , 250 ), starting from the date of 1/10/2020 and according to the instructions of the standards for circulation and replacement of banknotes, and the mechanisms of counting and sorting." Reportedly, Iraqi banks are receiving new 250, 500 and 1,000 dinar notes and are using advertising to encourage hoarders to deposit their money with added emphasis on reading the "Special Instructions".
    7 points
  5. I just lit Fox News up. They didn’t like my nastiness
    7 points
  6. A "golden plan" gives Iraq more than 16 trillion annually, "paying salaries for two years" ... and disclosing 23 entities "whose imports are hidden and wasted budgets" 2020-10-02 Yes Iraq - Baghdad One of the female employees of the Rafidain Bank, named Victoria Zarzis, who is in the position of Deputy Director General in the Rafidain Bank / Public Administration, sent a letter to the government containing important and serious details about the Iraqi financial map, and ways to obtain the lost Iraqi funds. In her message, she said: Instead of borrowing and looking for confused, urgent and ill-considered solutions to solve the problem of the economic and financial crisis in Iraq and drowning Iraq in debts that have no way to escape from them, as long as the spoilers have fun in its institutions, so you must first correct the course of the financial policies of previous governments and the manipulation of their officials with the capabilities of the homeland and state revenues . She added: The Iraqi Oil Ministry supplies its refineries with one million barrels of oil per day. This is what was mentioned by more than one official. Of course, this oil is refined inside the refineries, and a barrel of oil is converted into 100 liters of gasoline or 100 liters of kerosene to be supplied to gas stations, and it becomes as follows: The 1,000,000 barrels of oil x 100 liters of gasoline or kerosene = 100,000,000 one hundred million liters of gasoline or kerosene. One liter of very regular gasoline and kerosene is sold inside Iraq at 450 dinars. So, the state's imports of petroleum products (benzene - kerosene) only daily: 100,000,000 liters x 450 dinars = 45,000,000,000 billion dinars per day. And it comes monthly: 45,000,000,000 billion dinars x 30 days = 1,350,000,000,000 trillion dinars per month. And it becomes annually from oil derivatives: 1,350,000,000,000 trillion dinars x 12 months = 16,200,000,000,000 trillion and two hundred billion dinars annually, Iraq's imports of petroleum products (gasoline and kerosene) only. And she continued: Where does this huge, hidden amount go, which is ignored by all the ministers who succeeded in the ministries of oil and finance, the majority of representatives and officials, and all of them did not dare to open this issue at all! And she added: This amount, O Prime Minister and Minister of Finance, is sufficient to pay the salaries of all Iraqi employees from first to tenth grade for a period of two years, so do you have the courage to be frank with us and tell us about this enormous amount where it goes ?, not to mention the revenues of gas, aircraft gasoline, white oil and black oil Not to you about the non-oil revenues that cover the salaries of employees for years and provide services to all cities, governorates, and state sectors? Zarzis indicated the waste of money with several questions as well: 1. Where are the revenues of the General Tax Authority ?! 2. Where are the revenues of the Ministry of Communications and Mobile Phone Networks ?! 3. Where are the revenues of the Communications and Internet Networks Commission ?! 4. Where are the revenues of the border crossings and customs departments at all ports ?! In our turn, we ask: Why open 24 border outlets in Kurdistan, of which one dinar has not entered the state, while it is closed in the center and south out of fear of the transmission of the Corona virus epidemic ?! 5. Where are the revenues of Iraqi airports and airlines ?! 6. Where are the revenues of the Municipality of Baghdad ?! 7. Where are the revenues of the real estate registration departments throughout Iraq ?! 8. Where are the revenues of the public traffic departments ?! 9. Where are the revenues of the Ministry of Electricity ?! 10. Where are the revenues of the water and sewage departments throughout Iraq ?! 11. Where are the revenues of the Ministry of Health ?! 12. Where are the municipalities' revenues in all governorates of Iraq ?! 13. Where are the revenues of the Ministry of Agriculture ?! 14. Where are the revenues of the Ministry of Water Resources ?! 15. Where are the state real estate rents ?! 16. Where are the revenues of ships and vessels transporting oil ?? She showed: It is time for you to stop wasting Iraqi money in each of the following angles: 1. Auction for selling the currency at the Central Bank of Iraq; Iraq's annual losses from it are estimated at 4 billion dollars! 2. Two billion dollars lost annually in the commissions of the Ministry of Commerce! 3. The staggering budgets of the two endowments: Shiite and Sunni! Zarzis concluded its message by saying: What is important is that if these revenues were properly received by the state treasury, oil would have been a secondary resource for the Iraqi people and not a major resource. https://yesiraq.com/خبير-اقتصادي-يضع-خطة-ذهبية-تمنح-العرا/
    6 points
  7. Good Morning Dinar Vets, here's a few opinions & comments that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Kaperoni ***...a LOP is not something that the Central Bank of Iraq can just do... it requires parliamentary approval because it changes the face value of the banknotes. Personally, I do not think a LOP (re-denomination) is the plan. There is too much talk about floating the currency and allowing it to at least initially to devalue to save money. This is not what investors want to hear...But I expect Iraq to follow the IMF directives. As the IMF said...send a positive message to the investor community and facilitate a favorable business climate. *** Frank26 *** The last five days all they talk about is the exchange rate of the Iraqi dinar... "no Frank, they said they are going to decrease the value of the Iraqi dinar?" The translation isn't proper. The wording is wrong...what they're doing is they're going to decrease the 3 zeros from the exchange rate to add value to the currency of the Iraqi dinar...
    6 points
  8. Agreed! 100% they are not going to telegraph intentions. We will hear about it after the fact
    6 points
  9. Good Evening Dinar Vets, here's a few opinions & comments that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Mnt Goat *** I still hold to the FACTS that they are telling us the CBI is planning for an early January 2021 reinstatement of the dinar but again I am also saying that unless we begin to see some signs soon of the “project to delete the zeros” we can move on to another target. This project to delete the zeros is not something they will just do and not tell the citizens they are planning to do it. It will take time and much coordination. It may take a month or two to do. This is why, when the time comes, they cannot hide it from us. ...It will be in the daily written news from Iraq and something we can verify... *** Delta *** Article: "Iraq: the government is compelled to "delete the zeros" from the dinar currency ... more than "3 scenarios" are expected that will affect salaries and living" THERE IT IS...VERY CLEAR NOW - AWESOME NEWS..! That's it for now. Be Blessed..! RON
    6 points
  10. I check my wife's every chance I get. 😷 I am not a DR. but I sometimes wear a mask.
    6 points
  11. Just no way for now at least, Iraq could measure up and step up to this assessment. Aren’t enough Savvy folks for such an undertaking. Of course, if anyone would ask them to step up to screw something up .... there’d be a stampede of takers for that. These folks could screw up a wet dream.
    5 points
  12. I'm sorry, but considering that the World Bank is just another part of the World wide Deep state Cabal fighting for their New World Order, makes this one of the best articles in a long time about an impending RV
    5 points
  13. Hopefully, as he and the First Lady recover, he uses this as a time of reflection and pushes hard for the use of masks as a deterrent to the virus. This sad and dangerous situation could be a real opportunity for him to save lives.....I hope he uses it to all of our advantages. GO RV, then BV
    5 points
  14. 4 Steps to Moving Our Economy Recession Thursday 01 October 2020 Baghdad: Omar Abdul Latif Four important steps proposed by the Parliamentary Work Committee to the government in order to move the Iraqi economy and market from the stagnation in it, and these steps are to attract local investment and move the cash mass of citizens estimated at $ 30 billion, in addition to moving electronic cash and circulating internal cash. Deputy Chairman of the Committee on Labor, Social Affairs, Immigration and Displaced Persons in Parliament, Hussein Arab, told Al-Sabah that the Iraqi market has been suffering from a recession since June of last year, adding to it the recession due to the Corona pandemic 10 times more than there is in the world. The government's inclusion of those steps and the supply of the market with them and assisting traders and the private sector will be able to lift the market from being lost, by launching urgent and quick grants to the industrial and agricultural private sector and moving the local investment market, as the foreign investor could not work in Iraq under the current circumstances. Arabs explain that the cash mass in the homes of citizens is estimated at 30 billion dollars, and they refuse to deposit it in banks due to their lack of confidence in it, and that money should have been used to move the market by raising the interest rate (on deposits) in banks. LINK
    5 points
  15. US State Department: Trump is determined to protect our soldiers in Iraq Baghdad today - Follow-up The US State Department confirmed, today, Thursday, that US President Donald Trump is determined to protect US soldiers in Iraq. "The United States is committed to a long-term relationship with Iraq," State Department spokeswoman Morgan Ortagus said in a press statement. And she added, "US President Donald Trump is determined to protect our soldiers in Iraq." https://baghdadtoday.news/.../%D8%A7%D9%84%D8%AE%D8%A7%D8...
    5 points
  16. The latest development of Trump's health condition ... and his campaign manager settles the controversy over his electoral activities France Press 02 October 2020 Trump's doctor will continue to visit him at the White House White House Chief of Staff Mark Meadows said, Friday, that President Donald Trump was suffering from "mild symptoms" of the emerging corona after announcing that he and his wife Melania had the virus. Trump, 74, announced in a tweet on Twitter that he and first lady Melania Trump, 50, had contracted the virus and would begin quarantine. Meadows said in a press conference at the White House, Friday morning, that the president was suffering from "mild symptoms" but was still in "good spirits" and "very active." Meadows said that Trump's doctor would continue to attend the White House, declining to give details of any treatment the president would receive. For her part, Melania Trump tweeted that she is "feeling well overall" and hopes to recover quickly. And the campaign manager of US President Donald Trump announced that his activities will be organized via virtual networks or postponed, after he was infected with Covid-19. "All campaign activities that were previously announced and that the president were expected to participate in, are on the way to being hypothetically or temporarily postponed," Bill Stephen said in a statement. The same applies to activities involving his wife Melania, according to Stephen. Trump has become the most senior American official to be infected with the Corona virus, which has spread around the world and killed more than a million people, including more than 200,000 Americans. https://www.alhurra.com/usa/2020/10/02/آخر-تطورات-حالة-ترامب-الصحية-ومدير-حملته-يحسم-الجدل-نشاطته-الانتخابية
    4 points
  17. Good Afternoon Dinar Vets, here's a few opinions & comments that might be of interest to you. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Footforward [Q? : How fast do you think it will go up from 1:1 ? Meaning how long for $3-$4 per dinar?] My opinion. Not financial or investment advice. It can't come out at one to one. It has to be over $3...At $3 dollars a million dinar is worth $3 million...they will trade dinar for USD in country at a one to one rate to get them off the street. Don't confuse that with the rate we exchange at...between A$3 and $4.80 in my opinion...I'm still looking for the Boom with eyes on Iran. *** Pimpy ...6 missiles were launched. This is on the heals of Al-Kazemi trying to talk Mike Pompeo and them out of closing the U.S. embassy and now other embassies internationally are talking about closing. This is all bad. All of this is bad for Iraq. If the embassies start closing that means they don't feel secure there. That means it's unstable and this is a huge major blow to what we're trying to achieve both short term and long term...I'm watching the country unite to stop this. *** tman23 ...I take you back to this old article quote. "THE NEW CURRENCY MUST COME FIRST AS A PRECURSOR TO THE OLD AND REMOVING THE 3 ZEROES" .... In Iraq the central bank will send change to the finance minister he will forward it to the President ... The above quote has always been a wonder to a LOP or if there will be a short period of time for an exchange including the 3 zeros with a new rate .... sept 28 and on Iraq always got hot on the currency issue , they did back in 2012 when they were going to do it but Shabibi had an arrest warrant out on him...GET READY FOR RED OCTOBER...NOT THE MOVIE...MORE TO THIS STORY AS IT BEGINS.
    4 points
  18. 4 points
  19. At the least, what are the special instructions? Put some meat on your opinion!! C'mon Ray!!!
    4 points
  20. True, but they aren't so irritating.
    4 points
  21. It's fake news.... I saw it on CNN. 😎
    4 points
  22. The governor of the central bank intends to raise the signature of the relationship from the currency: it costs the state 50 million dollars 9/29/2020 A responsible source revealed directives issued by the new central bank governor, Mustafa Ghaleb Makhaif, the book to reprint the currency with the aim of raising the signature of his predecessor, Ali Ismail Al-Alaq, who put his name in addition to his signature on the new and old categories. The source expected that the process of replacing the 39 trillion dinars would cost about 40-50 million dollars, expressing his surprise at such a trend at a time when the country is facing a severe liquidity crisis that threatens monthly salary payments. The former Central Bank Governor, Ali Ismail Al-Alaq, decided to put his name in addition to his official signature on the Iraqi currency, including the new 50 thousand dinars, contrary to what is known in the history of the Iraqi currency, which is satisfied with the signature of the central bank governor only. Al-Alaq’s decision sparked widespread controversy, prompting parliamentary bodies to file a lawsuit against the Central Bank, in which the head of the legal department at the time, Mustafa Ghaleb, represented him. The high-level source confirms, in an interview with "Iraqi 24", who refused to reveal his name, that "the governor of the Central Bank decided that currency exchange be the first decision he takes," considering that "the decision is not economically feasible and that it aims to raise the signature and name of Ali Alaq from the monetary block only. The governor of the Central Bank stressed, in his first meeting with the bank’s board of directors on September 22, the importance of following the context of the official signature on the exported currency, and not using the signature with the name drawing that was previously approved by the committee at a previous meeting. The source adds by noting that "this measure will cost the Iraqi treasury between 40-50 million dollars," noting that "there is a cash block estimated at 39 trillion dinars that must be changed." The source added, "There is astonishment at this measure that the governor of the central bank intends to implement in light of the presence of more urgent priorities and the need to focus on monetary policy, managing inflation and controlling its indicators," noting that "the current central bank governor used to occupy the director of the legal department of the central bank and pleaded. And defending the decision on the relationship put his name and signature on the currency. " He asked, "Is the purpose of the decision for the new governor to put his personal signature and perhaps his name instead of his predecessor, just to immortalize himself?" On September 14, Prime Minister Mustafa Al-Kazemi assigned Mustafa Ghaleb Mekhaif the book with the task of managing the Central Bank, succeeding Ali Al-Alaq, who asked to be referred to retirement. The decision sparked a wave of dissatisfaction among the staff of the Central Bank, given that the new governor does not have a background in financial and banking sciences.
    4 points
  23. Raising his name from the currency means removing it, just like they are going to raise the three zeros from the currency! I can't see them spending that kind of money just to remove the Alak's printed name from the currency without removing the 3 zeros also. This could be what we are waiting for! IMO
    4 points
  24. It sounds like Alak was going to issue high denoms with his signature on them and keep the auction going to continue stealing and financing terrorism In order for the new governor to RV the currency, he had to scrap Alaks order.
    4 points
  25. Al-Rafidain announces that he will continue to open accounts for citizens 1st October, 2020 Al-Rafidain Bank announced, on Thursday, that it will continue to open accounts for citizens and other segments to deposit their money in the bank The bank’s media office said in a statement received by "Al-Eqtisad News", that "the bank continues to open accounts (savings and current) for citizens and deposit their money in exchange for interest The bank called on citizens to "visit bank branches for the purpose of viewing special instructions and placing their money in the bank and not hoarding it in homes in light of the positive benefits set by the bank in return for that I am sorry if I bring these 2 articles together because I am trying to connect the dot between these 2 articles. the first article is talking about how the bank is asking the iraq citizens to deposit thie money instead of hiding them under the matress. and the second article is talking about printing a new currency with putting The former Central Bank Governor' s name, Ali Ismail Al-Alaq,in addition to his official signature on the Iraqi currency. I suspect these 2 articles are related. from these 2 articles, it tells me this is a sign of rv because the bank asks the citizens to deposit all of their old dinar in the bank. After that, in return, the iraqi citizens can withdraw the new lower denomination of bills that already put former Central Bank Governor' s name, Ali Ismail Al-Alaq,in addition to his official signature. is this possible? is this a sign of rv? But I am not going to get excited yet until I see the new lower denominations of bills with my both eyes.
    4 points
  26. Try posting the how the poll was conducted....Last week CNN had Biden up by 11 pts.....number polled....857.... 2016 saw 120 million who voted.....a poll of 857 is insufficient for anything to be reliable.......of course the MSM enjoys trying to make news and stir the pot.. CL
    4 points
  27. Same notes. from the CBI... The central bank eliminates the fine for shortage of deposits of small groups to banks September 23, 2019
    4 points
  28. An arrest warrant for one of Abdul-Mahdi's ministers Editing date: 01/10/2020 19:21 • 132 times read [Baghdad-Where] Al-Iraqi issued an arrest warrant against the Minister of Communications in the former Iraqi government headed by Adel Abdul-Mahdi. According to an official letter issued by the Baghdad Appeals Court / Federal Rusafa / Karrada Investigation Court, an arrest warrant was issued against the accused Naim Thijail al-Rubaie, who is the former Minister of Communications in the government of Adel Abdul Mahdi. According to the official arrest warrant, the accusation against the former minister is to write a check without balance in accordance with Article 459 / penalties.
    4 points
  29. The dollar is at its lowest level in about 10 days Editing date: 01/10/2020 16:23 • 77 read times [Follow-up] The dollar fell today, Thursday, to its lowest level in nine days, as strong US data and hopes of financial stimulus reinforced investor confidence enough to take in more risky currencies. The Chinese yuan rose against the dollar and reached its highest level in a year and a half in the foreign market, as a holiday in China led to a lack of liquidity and strengthened currency movements. In addition, Wednesday's Chinese data revealed that Beijing's economic recovery is on track. The Australian dollar and the Norwegian krone also rose against the dollar. The administration of US President Donald Trump has proposed a stimulus package to the House of Representatives worth more than $ 1.5 trillion, and hopes have risen that the Republican and Democratic parties will reach a compromise. In light of strong data on the labor market and the manufacturing sector in the United States, sentiment in the market pushed the dollar to retreat to 93.61 points against a basket of currencies, its lowest level since September 22.
    4 points
  30. And once you have "a" passport, and you realize how important and useful it is... it doesn't take much thought to determine that a second passport would also be useful.
    4 points
  31. From a fellow Patriot! ♥️🇺🇸🇺🇸♥️ You see Trump’s arrogance, I see Trump’s confidence. You see Trump’s nationalism, I see Trump’s patriotism. You hear Trump’s unsophisticated words, I hear Trump’s honesty. You see Trump’s racism, I see Trump’s words being misconstrued and twisted by the media daily to fit their narrative. You see Trump as a Republican, I see Trump as a Patriot. You see Trump as a dictator, I see Trump as a leader. You see Trump as an Authoritarian, I see Trump as the only one willing to fight for our freedoms. You see Trump as childish, I see Trump as a fighter, unwilling to cave in to the lies. You see Trump as an unpolished politician, I see Trump as a breath of fresh air. You see Trump as homophobic, I see Trump as the first President who has ever entered office supporting *** marriage. You see Trump and say he's not a Christian, I see Trump mentioning the name Jesus and God all the time. You think Trump hates immigrants, I know Trump is married to an immigrant. You see Trump putting an end to immigration in America, I see Trump welcoming immigrants to America LEGALLY. You see Trump’s cages at the border, I see Obama’s cages at the border. You see Trump with a struggling economy, I see Trump with an amazing economy until the Democrats shut it down. You see the violence in the streets and call it “Trump’s America”, I see the violence in the streets of Democratic run cities who are refusing Trump’s help and call it “Liberal America.” You want someone more Presidential, I’m happy we have someone who finally doesn’t just talk the talk but actually walks the walk. You and I? We see things very differently. Shared 🇺🇸#Trump2020 🇺🇸
    4 points
  32. Friday, 02 October 2020 04:08 PM Al-Kathemi confirms strengthening measures to protect embassies ... and Washington reveals destabilizing Baghdad's pro-Iranian militias Intensive meetings conducted by the security authorities in order to control the state of chaos caused by the armed militias, and to contain the threat of the diplomatic missions. This comes at a time when missiles continue to be fired at columns and equipment of the international coalition against ISIS in Iraq. During the past hours, Prime Minister Mustafa Al-Kazemi chaired a meeting of the Ministerial Council for National Security to discuss the security of diplomatic missions in the country. The Ministerial Council for National Security affirmed that measures would be taken against the aggressive actions that targeted the vicinity of Erbil Airport. The Ministerial Council for National Security also affirmed that the security forces are held accountable in the areas where any security breach occurs. Mustafa Al-Kazemi indicated, during a meeting of the National Security Council, the need to strengthen measures to protect embassies and diplomatic missions. Today, a convoy carrying equipment for the international coalition forces was subjected to a missile attack in the city of Diwaniyah, southern Iraq. The Security Media Cell confirmed that the convoy belonging to Iraqi transport companies and led by Iraqi drivers was attacked by an unexploded guided missile in the Shomali area of Diwaniyah governorate. This caused material damage to one of the containers, without any casualties, indicating that the convoy continued its march towards its intended destination. For its part, the US State Department said that the United States of America is committed to a long-term relationship with Iraq, indicating that the militias loyal to Iran destabilize Iraq. The US State Department added that US President Donald Trump is determined to protect our soldiers in Iraq, pointing out that the Lebanese-Israeli negotiation agreement took years of work. For his part, the President of the Office of the Presidency of the Kurdistan Region said that the rockets that were fired at Erbil were launched from areas under the influence of the Popular Mobilization Forces. And before that, the Iraqi Counter-Terrorism Service arrested a terrorist who was preparing to blow himself up among civilians. Major General Yahya Rasul, spokesman for the Commander-in-Chief of the Iraqi Armed Forces, said that the heroes in the Counter-Terrorism Service, for the third day in a row, continue their qualitative operations to arrest ISIS gang members in several Provinces. The Iraqi government seeks to send messages of reassurance to foreign delegations and diplomatic missions, and to clarify Baghdad's efforts to confront the proliferation of weapons in the hands of militias, at a time when Iraq witnessed a terrorist operation that resulted in the killing of an officer and his companions. https://www.thebaghdadpost.com/ar/Story/202254/الكاظمي-يؤكد-تعزيز-إجراءات-حماية-السفارات-وواشنطن-تكشف-زعزعة-الميليشيات-الموالية-لإيران-استقرار-بغداد
    3 points
  33. In the document ... tax revenues for the past month Economie 2020-10-02 | 06:29 4,692 Views The General Tax Authority announced, on Friday, that its revenues for the month of last September amounted to 601 billion dinars. The authority said in a brief statement received by Alsumaria News with an attached document, "With the continuation of the anti-corruption wheel it has undertaken general tax authority Recently, it witnessed its revenues for the month of September 601 billion dinars. ” Below is a copy of the document:
    3 points
  34. I am sure Mahdi's Communication Officer has enough dirt on Madhi to sink him. I reckon this is part of the judicial process to nail Madhi for the deaths and injuries of Iraqi protesters while Madhi was in charge. ... That and the Minister of Communication was on the take, or another Iranian puppet, or both? It would be amazing to hear if Madhi gave the orders to fire on the protesters. Either way, he still has accountable for letting it happen and doing nothing about it--all in violation of the Iraqi Constitution. Jailing Mahdi could continue to turn the popular tide against the militias and continue to implicate Iran. Evidence of any connections between Madhi and Iran will be fair play and likely conclusive. These types of moves will likely continue to strengthen the legitimacy of the State over the sectarian clans. The momentum is almost palpable, but no whales have been harpooned yet. Sushi anyone?
    3 points
  35. 01-10-2020 02:23 PM Barzani: We are ready to support Al-Kazemi in the face of "the enemies of Iraq" Baghdad / Al-Akhbariya The President of the Kurdistan region, Nechirvan Barzani, confirmed, on Thursday, that his government is ready to provide a hand of aid and support to Prime Minister Mustafa Al-Kazemi in confronting what he called the enemies of Iraq. Barzani said, in a statement, that "a group of saboteurs launched, at 8:30 pm yesterday, Wednesday, six missiles, from the Bartella area, near Mosul, towards the headquarters of the International Coalition in Erbil, and fortunately they were unable to inflict any losses." . Barzani added, "We see in this attack an attack on the people of the Kurdistan region and their allies in the war against terrorism, and at the same time, we are convinced that all security forces in the Kurdistan region and Iraq, Peshmerga forces, Iraqi forces and the Popular Mobilization Forces must intensify their efforts to block roads in front of these acts of sabotage." , Carried out by subversive groups. " He pointed out that "the sacrifices of the Peshmerga, the Iraqi forces, and the coalition must be an incentive for us to protect the security and stability of Iraq, all embassies, and the world’s representatives, in Iraq, and security must be extended in its best ways, in this difficult economic situation imposed by the Corona pandemic, on citizens. In our country and in the whole world. " Barzani warned that "those who carry out the sabotage attacks are the enemies of Iraq as a whole, and the Iraqi security forces must be one hand in confronting them and presenting them to the law, and on our side and in order to achieve this cooperation with the Iraqi Prime Minister Mustafa Al-Kazemi, they are ready to provide aid and support, as we are sure." He will make every effort to achieve security and stability. "
    3 points
  36. The history of the Iraqi Central Bank When Iraq was part of the Ottoman Empire, a number of European currencies were in circulation alongside the Turkish pound. After the occurrence of the British mandate after the First World War, Iraq merged with the Indian monetary system administered by the British, and the rupee became the main currency in circulation at a price of one dinar = 13.33 rupees. »(1950-1930) In 1931, the Iraq Currency Board was established in London for the purpose of issuing paper currency and maintaining reserves of the new dinar currency. The Currency Board pursued a conservative monetary policy by keeping very high reserves as a cover for the dinar. The strength of the dinar was strengthened by its peg to the British pound, where it was pegged to the parity rate with the British pound until 1959. In 1947, the Iraqi National Bank was established, which is a government bank, and the currency board was canceled in 1949, which was established in London if the new bank took over the responsibility of issuing paper currency and maintaining the reserve. The Iraqi National Bank continued to follow the conservative monetary policy and to keep 100% of the reserves as a cover for the existing local currency. During the last years of the Ottoman rule, commercial banking became an important factor in foreign trade during the British Mandate. British banks dominated, but the traditional cash agents continued to grant some domestic credit and provide limited banking services. The expansion of banking services was hampered by the limited use of cash, the small size of the economy, and the meager amounts of savings as banks provided services for foreign trade almost exclusively. In the mid-thirties, the Iraqi government decided to establish banks for the purpose of providing credit to other sectors of the economy. In 1936, the government established the Agricultural and Industrial Bank. In 1940 the bank split into the Agricultural Bank and the Industrial Bank, and the capital provided by the government for each increased dramatically. The government established the Rafidain Bank in 1941 to be the main commercial bank with the Central Bank, but the National Bank of Iraq became the government bank in 1947. Then the real estate bank was established in 1948 and its main purpose was to finance the purchase of houses by individuals, and the mortgage bank was established in 1951 and the cooperative bank 1956. In addition to these governmental banks, branches of foreign banks and private Iraqi banks opened as a result of the expansion of the economy. »(1990-1950) In 1956, the National Bank of Iraq became the Central Bank of Iraq. His responsibilities included issuing and managing currency, supervising foreign exchange transactions, and supervising and controlling the banking system. The bank maintained government accounts and administered government loans. Over the years, legislation expanded the powers of the Central Bank. In 1959, the peg shifted from the British pound to the US dollar, at a rate of one dinar = 2.8 dollars. On July 14, 1964, all banks and insurance companies were nationalized, and banking was strengthened during the second decade. And in the wake of the decline in the value of the dollar in 1971 and 1973, the value of the Iraqi dinar rose to the equivalent of $ 3.3778 per dinar. By 1987 the banking system consisted of the Central Bank of Iraq, the Rafidain Bank, the Agricultural Bank, the Industrial Bank and the Real Estate Bank. The 5% devaluation of the dinar led to a decline in its value to 3.2169 dollars, which is the official rate that continued until the Gulf War, although in late 1989 the black market price recorded 1.86 dinars to one dollar. »(1990-2003) After the Gulf War in 1991, due to the imposition of the economic embargo, the Swiss printing technology was no longer used as before. A new issue of poor quality paper money appeared. The previous issue became known as the Swiss Edition and continued in circulation in the Kurdistan region of Iraq. In view of the excessive government printing of new securities, the value of the dinar decreased rapidly, reaching 3000 dinars per dollar in late 1995. »(2003-today) Following the ouster of Saddam Hussein when the invasion of Iraq in 2003, the Governing Council and the Office of Reconstruction and Humanitarian Aid began printing more of Saddam Hussein’s paper currency as a temporary alternative measure to maintain the money supply until the new currency was introduced. The Banking Law was issued on September 19, 2003, which made the legal framework for Iraq in the field of banking consistent with international standards. The law seeks to enhance confidence in the banking system by establishing an open, secure, sound and competitive banking system. During the period between October 15, 2003 and January 15, 2004, the Coalition Provisional Authority issued a new Iraqi coin and paper currency, in which paper currencies were printed using anti-counterfeiting techniques in order to create a single, unified currency to be used throughout Iraq and to make the money more suitable for use in the daily life of the public. The old paper currencies were replaced by the new paper currencies at the price of one old dinar equivalent to one new dinar, with the exception of the Swiss dinars, which were replaced by the price of an old Swiss dinar equivalent to 150 new dinars. The Central Bank of Iraq was established as an independent Iraqi bank under the Law of the Central Bank of Iraq issued on March 6, 2004, and the bank is responsible for: Maintaining price stability Implementation of monetary policy (including exchange rate policies) Managing foreign reserves Issuing and managing currency Regulating the banking sector to promote a competitive and stable financial system The bank's head office is located in Baghdad and has four branches in (Basra, Mosul, Sulaymaniyah, and Erbil). #iraq
    3 points
  37. Wallace, is a child molester! This punk makes any where from $500,000.00 to a million dollars a month! Call fox and demand they fire this puink! 212-301-3000
    3 points


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