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  1. 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... So, take everything with a grain of salt .... RON Nader From The Mid East In our religion [Muslim] ...if I make a profit in the bank I have to give it up as a citizen. I'm not talking about companies...If I put my money in a bank and I make profit the whole month of Ramadan I have to give it up to poor people...bank...mosque. I have to give it up. That's why people will not go and change their money this month and bring it if they change the rate. Nobody's gonna move...this is a religion thing... Frank26 [Iraq boots-on-the-ground report] FIREFLY: We see infomercials...one after the other on our television and they're talking about reintroducing fils/coins to us. Then they told us we will also be receiving lower notes and we're adding value to these lower notes and then they said the coins/fils will give us more purchasing power and when we buy things in the market we will not lose money no more do to having coins and lower notes with value. FRANK: Whoa!! ...you are right on the edge from receiving what they are bragging about to you. A new exchange rate that will match a new lower denomination along with coins to match them...this is absolutely stupendous...congratulations you are so close. Sandy Ingram In 2021 OPEC member countries accounted for more than 80% of the world's proven oil reserves... proven reserves are when certified engineers have surveyed the land and reported on the profitability of the oil based on they analyzed reports...Iraq is #4 on the [OPEC proven cute oil reserves] list...Iraq has lots, lots more oil hidden under the earth. Iraq is literally floating on oil according to geologist reports...It is our hope that the oil industry will allow Iraq to revalue its currency at a higher rate against the US dollar. Walkingstick & Frank26 The monetary reform of the Iraqi dinar is asset backed. Some of you need that information in your calculations. Some of you need it in the float. Understand the monetary reform will be asset backed. And here's the key, it's not only tapped but untapped resources. Developed or not developed...the mineral industry from around the world is salivating to get started in Iraq... yada Doubt very much waiting on Ramadan is going to delay this, it a matter of the next quarter starting on the 1st and this machine is already in stride. Increasing the dinar's value will also give the other countries added value to their currencies just by having the dinar in their coffers. Its a done deal and expecting it any moment now. Militia Man At this stage of the game we can't deny something's up and these guys are talking because Alaq is talking. Al-Sudani said hold your dinar, it's going to be worth more. He didn't say worth more than the dollar, he just said it's going to be worth more. All of these things are coming into play...I think their plan is brilliant at this stage of the game...I really do believe what the central bank is doing what we expect them to do and they're going to keep pouring the pavement moving forward. It's going to be good. Frank26 [Iraq boots-on-the-ground report] FIREFLY: The CBI talking about 1132... FRANK: Do you recall when it was 1700 to 1... I told you look they just moved it's now 1300 to 1. I said our goal is for it to reach 1000 to 1 but {Firefly's} bank friend says he thinks it's going to hit 1190 then 1000 to 1 therefore to you we said IMO there will be one more exchange rate movement before it floats at 1 to 1. Remember that? FIREFLY: They're trying with new measures to get the parallel dollar rate in the market to mirror the official exchange rate. The street rate is still 1500 but they're trying to get it to be 1132. FRANK: 1132 is excellent! It keeps going in the right direction...The fact that it comes from the CBI it's crucial... Now I believe we will see 1000 to 1 as the next movement. MarkZ there is a lot of chatter that things may be starting over this evening. We shall see. We know we are close...the news out of Iraq continues to be fantastic. They are openly talking about their currency having parity with other countries in the region. I hear from all my sources that the RV is still in play and it doesn’t matter if its Ramadan. 3-23-2023 Guru Nader From The Mid East I have a...very educated, very smart friend who lives in California. He knows a couple of things. He gives me a lot of information....some things I cannot tell them...I just hang up the phone with him and he was yelling at me because...He said, did the mosque talked about smaller currency? I didn't want to answer because [if] I say things, I don't want to look like an ass$%$# if it's not true or if it doesn't happen...So, yes, I told him, yes, they talked about it. He said, they trying to educate you about that? [Post 1 of 2] Nader From The Mid East In the mosque in our Muslim religion they will...never mention money and tell you what to do with your money or not...They give you information that informs you, 'Okay the government send us letters next week or next month we're gonna change our money or our rate or something' and that's it. They will stop there...they will not go like, 'yeah we're gonna have the 50's and this is how they look.' They'll not educate you on that. They will inform you...The only people who can educate you on that is the CBI or...banks. This is how it is. This is how it works. Now he asked me if in mosque they informed about it? Yes, exactly they informed us about this. They never say when and what, why and when. They didn't say bigger or smaller. They said they're gonna change. [Post 2 of 2] Frank26 [Iraq boots-on-the-ground report] FIREFLY: They are talking about that 1134 all morning and all afternoon. They keep repeating it over and over again. They want the citizens to understand their exchange rate is moving and changing. Mnt Goat... I would be VERY SURPRISED if we got to June 1st and still did not see the reinstatement of the IQD on FOREX and have it trading. Personally I can even see April as a target… if we had not been to the bank...by then...I would be surprised. This event is moving that fast. MarkZ There is a lot of concern that this will not happen during Ramadan...Could they be waiting until after Ramadan? It’s possible. But I am hearing it will be sooner than that and during Ramadan ...I do not think we will be waiting another 30 days... We will know very soon. That's all for today - Sorry I missed Yesterday..! RON
    10 points
  2. You should of i got mine 4 weeks ago on a beach right now enjoying cold beers in my beach front house cant Say where nda or I don’t want my wife and kids finding me so nda is what I use for my protection
    9 points
  3. Dollar crisis and 70 trillion in chunky cash. Only One Solution >>>> Go Stronger Dinar $1+
    9 points
  4. it is a good quality to be able to tolerate something that takes a long time. Go Stronger Dinar $1+
    8 points
  5. Iran is a major problem but only one of a number that beset Iraq. Corruption is everywhere ( I have this on good authority from Iraqi owners of a currency trading firm in my country.) The major pastime of some politicians, public servants and military personnel in Iraq is the age old game of kicking the can down the road. Countless drop dead dates from pundits like Frank26 and others have continuously come and gone. And of course they are yet again training bank staff and the public to recognize lower denomination notes and coins. The people of Iraq are the most heavily educated citizens on monetary matters on planet Earth while having nothing meaningful to show for it.
    7 points
  6. slower pace? Any slower and they'll be going backwards.
    6 points
  7. Dayumn anyone saw this coming? I mean times must be hard up to get funds from the cbi so we now have stealing of entire govt funds... Yeah sounds like America lol
    4 points
  8. Post from Adam in July 2021: VIP members get a text, and an email, and instructions to access our Post-RV VIP site. Everyone else gets an email. We cash in, at the best rates we can according to "who we know", and some of us end up broke again in a year or so.
    4 points
  9. 'My chest moved in Ramadan' Sources reveal the secret of the coup of the "coordinating framework" position on "Kurdistan" 2023.03.24 - 10:02 Baghdad - people Al-Sharq Al-Awsat newspaper quoted assurances from "knowledgeable" political sources that the agreement between the governments of Baghdad and Erbil to pay the salaries of employees of the Kurdistan Region is part of a deal "approved by the coordination framework, in a side reflection of the settlement between the Kingdom of Saudi Arabia and Iran." Last week, the Kurdistan Regional Government announced that it had received 400 billion dinars from Baghdad, after an agreement between the two parties to finance the salaries of employees. A few days later, the Federal Court rejected a request to issue a "state order" to stop the disbursement of that money to the Kurdistan region. On January 25, the same court ruled that it was unconstitutional for the federal government to send sums of money to finance the monthly salaries of employees and workers in the public sector in the region. It was customary for previous governments to receive political and popular criticism as a result of spending or attempts to spend money to finance the salaries of the region's employees, which means that a recent political shift will change the rules of the game. The sources confirmed to the London-based newspaper that the leaders of the influential Shiite parties "welcomed the extinguishment of part of the outstanding issues with the Kurdistan Democratic Party and its leader, Masoud Barzani, given the rapid shifts in the Iranian decision, after the settlement with Riyadh." A source familiar with the dialogues between Baghdad and Erbil said, "The leaders of the coordination framework are convinced that they are part of the regional decision-making, and that concession to internal political opponents is in fact an awareness of the seriousness of tension in the region." According to deputies from the "coordinating framework", the recent settlement between Erbil and Baghdad laid the cornerstone for the rising political alliance on the ruins of the absence of the "Sadr movement." According to various sources, Erbil obtained "guarantees from regional powers to settle its situation in Iraq and the region, by investing in what happened recently between Riyadh and Tehran." However, the sources question the ability of the settlement to withstand the turmoil of the internal situation, and that "any reflection of it will be temporary on the Iraqi equation." A Shiite political source told the newspaper, "The coordination framework is fully prepared to install new rules for Iraqi political life, and that the leaders of its parties believe that the current circumstance is very available to do what is necessary." However, the source believes that "the leader of the Sadrist movement will not allow the coordination framework to move forward in changing the rules, away from its influence," expecting "an imminent move of tenderness to put the stick in the wheel, and perhaps pave the way for the return of his political activity." These expectations come after "a directive issued by al-Sadr to inform prominent members of the Sadrist movement not to travel outside Iraq during the month of Ramadan, because there are important matters related to the public and private situations, and to attend meetings of great importance." A source close to al-Sadr's office in al-Hanana, Najaf, commented that "something may happen during Ramadan (...) that may be related to the election law." The sources said, "The expected moves may go beyond an attempt to abort the election law in the Saint Legou formula, as the ongoing regional settlements impose a different reality that will push al-Sadr to move quickly." The sources pointed out that "the lack of political balance within the Shiite environment prompted forces and parties to move to form an electoral alliance that might participate in the provincial council elections, and later in the parliamentary elections." However, these new moves coincide with what the sources describe as "Sadr's awakening", amid expectations that the Sadrist movement will find in a third Shiite force an opportunity to play a behind-the-scenes role to undermine the expansion of the "coordinating framework", which is trying to benefit from both the region's transformations and the tension in it. .
    4 points
  10. When this thing RVs you won't need a text. Everyone and their mother will be talking about it on here and all the lying gurus will be claiming they called it, that they've been right and send your dinars to them so they can get you the best rate from their uncle's cousin's half brother who is president of the Central Bank of Iraq.
    4 points
  11. uigi You still posting this stuff. Bro, they won't RV in country, and not internationally at the same time.
    4 points
  12. Time to shoot that goose, once and for all!
    4 points
  13. The country and the world is NOT ready for EVs. All this about wind and solar and that is what it is !! They have lied their asses off to us almost my entire life about the planet is gonna freeze, new ice age approaching, then OH NO we will perish from too much warming, the seas will rise and life as we know it will end. AND EVERYTIME they miss their 12 year world coming to an end mark, they just find a new stooge like Greta or John "F"ing Kerry or Algore who will parrot they double down !!! Before Rush died he made a mockery of Gore. Gore gave the standard line of 12 years to doomsday, so Rush put up a Doomsday clock, counting down Al's prediction until it reached zero and DAMN if we aren't still here on planet earth. The arrogance of thinking that man has the power to destroy the earth!! But that is what these mentally ill FOOLS think.
    4 points
  14. whats another decade or two among friends lol .... by that time i should be on the streets of gold anyways .. cheers dv
    4 points
  15. If I go out and buy the Ford Lightning for 60,000, I still have to pay 15,000 to have a charger put in my house. They don't tell you that. Or I can pay to charge at a charging station. All electricity eventually uses oil and they know it. California the worst liberal state outlawing gas stoves. These people are anything but smart.
    3 points
  16. 3/24 MM 09 26 49 62 65 mb22 3/25 PB 09 28 47 51 65 pb04
    3 points
  17. Report and discuss the draft law on Iraq's accession to the international agreement regarding the establishment of an international fund to compensate for damages Iraqi Parliament parliament-iq 428 views Mar 18, 2023
    3 points
  18. Advisor to Sudani warns of adjusting the price of oil in the budget and repeating the theft of the century Time : 2023/03/24 01:19:43 Advisor to Al-Sudani warns of adjusting the price of oil in the budget and repeating the theft of the century - Al-Furat News (alforatnews.iq) Mazhar Mohammed Saleh, financial and economic adviser to Prime Minister Mohamed Shia al-Sudani, warned against reviewing and adjusting the price of a barrel of oil in the fiscal budget. Saleh said in a program {before suhoor} broadcast by the Euphrates satellite channel after midnight: "There is a fear of a decline in the price of oil, but reviewing the price of a barrel of oil in the budget means sacrificing contract holders or a million citizens scheduled to be included in social welfare or the abolition of development funds and I think that the latter will be sacrificed by any decline in oil, which is a loss for Iraq." "I think it is possible to maintain the price of oil in the budget," he said, noting that "the decline in oil prices will shake the international monetary system." On the salary scale, Saleh said: "There is a rigid trend to reduce the upper salaries and raise the minimum salaries, and the other trend is to raise the lower grades only," pointing out that "the Kurdistan region has reached a stage that it must be agreed with Baghdad and leave the price maneuvers and I think that things are heading towards détente." He pointed out that "the Iraqi reserve amounts to $ 115 billion, half of which is from the US dollar and the rest from other currencies." "The distribution of salaries in dollars is a bad thing, but it can be in emergency cases, provided that America equips us with sufficient amounts of currency to cover operational expenses, thus ending the problem of the dollar rate difference between the official and the parallel," the Sudanese adviser promised. "We support the amendment of the white paper and it be part of an economic policy," he said. On the theft of tax trusts {theft of the century}, Saleh said: "The theft of the century is systemic corruption, which is the most dangerous and the application of the law remains in the hands of the judiciary," likely "may repeat the theft of the century in the future, especially since Iraq's institutions producing revenues are all vulnerable to corruption." He noted that "the circle surrounding former Finance Minister Ali Allawi participated in stealing the century with or without his knowledge. I don't know, and it is said that the amount of theft of the century is more than advertised and the government contracted with a foreign consulting firm to investigate the stolen funds." Between September 2 and August 5, $2021.2022 billion was paid through 247 instruments disbursed by five companies, and then the money was withdrawn in cash from the accounts of these companies, whose owners are subject to arrest warrants. Saleh predicted "lower oil prices, which is possible." "Iraq has lost many opportunities, and although it is a wealthy country, it has not created market institutions," he said. Saleh said: "Finance Minister Taif Sami is a store of financial information with a strong knowledge and personality, and she was a finance minister before she took office."
    3 points
  19. yeah I know but they do.actually still work during the day. It is just at a much slower pace than normal.
    3 points
  20. What's tragic here is yet again it would appear a golden opportunity squandered to do what's right & that magic carpet ride for the citizens has been YANKED out from underneath... again. This hold on to your Dinars it will have real value is more like not this day or the next, but the PM's custom made Magic 8 Ball says try again NEXT year. I hope I'm wrong.
    3 points
  21. Well...you never know...miracles happen everyday and Iraq is overdue for one.
    3 points
  22. I doubt he realized how much trash needed to be removed from his own party. Perhaps he does now! CL
    3 points
  23. TERMS for Weekly MegaMillion & Powerball Entries Pool(s) is (are) open to identifiable/registered DV MEMBERS ONLY (Sorry, no extended family or friends... or Lopsters, as they are not allowed in the regular forums, and therefore cannot comply with the rules). One SET of numbers per ENTRANT per POST per FAMILY (Multiple members in a family may participate under ONE ENTRANT ONLY). (Please select CASH OPTION when purchasing numbers/ticket). Annuity tickets will not be disqualified and will be factored accordingly if determined a winner, but our preferred intent is for the lump sum payout. A DV Member may purchase and post up to ONE ticket for ANOTHER DV Member (except Lopsters), with that member's acknowledgement and consent. ONE SHARE per entrant of any winnings of the JACKPOT (CASH OPTION!!!) only (Approx. $100 million minimum drawing) Winning ticket/entrant agrees to share EQUALLY with ALL qualified entrants in this thread. Qualified entrants must have numbers/entry posted prior to drawing date/time. Qualified entrants must have a physical ticket to present upon winning, to prove their pledged participation. HOLD onto your "LOSING" ticket. Take a picture of your "LOSING" ticket as a possible backup verification. Winning entrant is responsible for ALL communication with, and coordination of, winning shareholders immediately after the drawing. ALL winning participants/shareholders agree to respect and abide to the PRIVACY terms of the WINNER. Disclosure of identity of winning entrant is sole discretion of winner. This is for the security and safety of all. Winning shares will be dispersed upon final consensus and WRITTEN AGREEMENT, guaranteeing individual preferences, privacy and security. By posting your pledged ticket/numbers in the thread(s), YOU AGREE TO THE TERMS POSTED ABOVE. The following has been added to the rules as of 9/17/2016 to clarify a question about participation: NEW RULE! Ticket/numbers entered into THIS DV POOL are for this pool exclusively. It may not be entered into other pools. Its entry into the DV POOL is time-stamped as verified by the post, and acknowledged by the entrant that it is exclusive to DV. Should it be found that the WINNING TICKET is entered into multiple pools, WE will claim that ticket as the WINNER for the DV POOL EXCLUSIVELY, irrespective of the time-stamp of other pools. Should another pool have a similar rule, or no rule to this regard, the time-stamp may be an effective qualifier if necessary to determine the participant's intent, as well as order of participation. $100M Minimum waived for PowerBall
    2 points
  24. Here's an article from Dinarland... CBI educates the citizens. Treat as a rumor. Not verified. Your opine. Frank26 via Boots-On-The-Ground via Firefly: Citizens Receive CBI Education. ARTICLE: We see infomercials one after another on TV & they are talking about re-introducing the fils/coins to us. Then they also told us will also be receiving lower notes & we're adding value to those lower notes & they said the coins/fils will give us more purchasing power & we buy things in the market we will not lose money no more due to having coins & lower denom notes with value.
    2 points
  25. Are you saying the video showing this is false? If you are, then the Jan 6 committee used false information to detain, convict and imprison citizens of the U.S. falsely. That is a criminal offense. The 140 officers all of a sudden came out after the release of the Twitter dump. Kind of convenient isn't it. During the whole J6 hearings all we heard about were the 5 or 6 officers injured. You still haven't addressed Ashley Babbits murder. Did she deserve death for what she did?
    2 points
  26. The central bank raises its sales to 213 million dollars Economical 2023/03/23 Baghdad: morning The Central Bank of Iraq’s sales of dollars increased in an auction yesterday, Wednesday, by 18.33%, to reach 213 million dollars, while the governor, Ali Al-Alaq, expected a decrease in the exchange rate of the parallel dollar. And the Central Bank sold 213 million 257 thousand and 246 dollars, up by 18.33% compared to last Monday, when sales amounted to 180 million, 918 thousand and 851 dollars, which the bank covered at a basic exchange rate of 1305 dinars per dollar for documentary credits and international settlements for electronic cards, and at a price of 1310 dinars per dollar. Dollars for foreign transfers, at a price of 1310 dinars per dollar in cash. Most of the dollar sales went to enhance balances abroad in the form of (remittances, credits) at 154 million 257 thousand and 246 dollars, while the rest of 58 million and 800 thousand dollars went in the form of cash sales. The number of banks that bought cash dollars reached 12, while the number of banks that responded to requests for strengthening balances abroad reached 18, while the total number of exchange and mediation companies participating in the auction was 135 companies. For his part, the governor of the Central Bank, Ali Al-Alaq, explained that "the Central Bank launched several packages of measures, and that the packages that were launched are dealt with seriously to control the exchange rate of the parallel dollar." Al-Alaq indicated that "the Central Bank's measures are continuing to control the exchange rate, and we expect a decline in the parallel exchange rate." The parallel price means the exchange rate of the dollar in the market and exchanges, and not the official price set at 1132 dinars per dollar, according to the decision of the Board of Directors of the Central Bank of Iraq, which was approved by the Council of Ministers. Despite the procedures of the Central Bank and its approval of the exchange rate of 1132 dinars to one dollar, the exchange rates of the dollar still range between 1155 and 1158 dinars to the dollar in the markets.
    2 points
  27. Al-Sudani endorses the recommendations for combating corruption in the collection of port fees --- 2023/03/23 Baghdad: morning In continuation of the anti-corruption approach within the priorities of government work, the Prime Minister approved the recommendations of the audit committee, which investigated the origins of complaints and reports on allegations of corruption in ports, specifically in the port of Umm Qasr. Al-Sudani had directed the formation of a specialized committee on December 15, 2022, by a Diwani order, to check these communications. The committee completed its work and submitted its recommendations regarding violations in the collection of port fees to the Prime Minister, who endorsed them and directed their approval according to the competence of the concerned departments. The committee recommended that the violations mentioned in its report be referred to the Integrity Commission to conduct an investigation in accordance with the law about the private sector companies contracting with the General Company for Ports of Iraq collecting additional wages other than the wages approved by the Ministry of Transport in contravention of the controls, which charged merchants and importers with additional sums on the goods and thus charged The citizen has the consequences of this by raising the prices of those goods. The committee recommended that the Ministry of Transport take some measures, represented by limiting the sums collected from private sector companies to prevent raising the prices of goods, as well as studying the conclusion of appendices to partnership contracts with the private sector to ensure an increase in the share of the General Company for Ports, and the development of infrastructure, otherwise the contracts are terminated according to the stipulated conditions. The committee also recommended not to renew partnership contracts with private companies whose contractual terms will expire, and to take the necessary measures to prepare the cadres of the port company to manage business in the port, and to address the case of repeated payment of wages for the same service, and to submit the results to the Prime Minister’s office within 30 days, in addition to recommending not Renewal of the contract concluded with a private company. The committee recommended, with regard to the work of the General Company for Iraqi Ports, that multiple gates be opened for the exit of trucks and that the process not be limited to specific gates, as well as the adoption of electronic systems in collection to avoid forgery, and the provision of information to the committee specialized in reviewing investment contracts and submitting recommendations to the office of the Prime Minister during 60 days. As for the work of the Border Crossings Authority, the committee recommended expanding supervision and monitoring of port facilities, monitoring the workflow of all departments, providing modern sonar devices to examine outgoing goods and detect their contents, installing surveillance cameras inside the docks, yards, and warehouses, comprehensive monitoring, and supervising and auditing the payment phenomenon. Additional fees and legal action for violators. The committee also recommended conducting periodic reconciliation of outgoing goods information with the Ports Authority, Customs, Taxes and Port Administration, as well as supervising the security sonar by the Ministry of Interior and not relying on private companies in this regard.
    2 points
  28. Your thread is about Conspiracy Theories..The Dollar is collapsing, Banks are failing and this administration is pouring fuel on the fire to destroying the biggest economy on the planet so it does apply to your post...
    2 points
  29. If this thing ever does RV, would we hear or get that text from Mr. Adam Montana? Just wondering.
    2 points
  30. Yes there was a Small RV/ increase only, when the rate RV'ed from 1,460 to 1,310 and that wasn't the RV we want to cash it out. And what we want to cash out is at least starting at 10 cents up to a buck or above.
    2 points
  31. MM 24 Mar 23 04 07 11 20 52 MB 06 PB 25 Mar 23 05 08 14 23 53 PB 06
    2 points
  32. Say it ain't so Joe ! Say it ain't so. You said EV's would take over and replace the internal combustion engine vehicles. CNN, MSNBC, ABC, C BS, Washington Post, New York Times, et al, repeated the same STUPID line of muck. Guess all can see why the economy is in the sewer, and do to get worse. Stop trying to implement the WEF's policies in the US Joe.
    2 points
  33. Top one is Elon Musk. After he released the video he stated he stands behind the real guy in the bottom pic. No conspiracy. The videos have shown there was not near as much mayhem as the Dems and the Leftist media portrayed. Police escorting people through the halls, opening doors. Shooting an unarmed woman any other time would be all over the news, someone arrested and a huge trial. Ashley Babbit gets no such justice.
    2 points
  34. Thanks for the explanantion key, I need to check my shares and see about getting some more APE
    2 points
  35. "The crisis is reeling." Iraqi government's moves hit the dollar wall "The crisis is reeling." Iraqi government moves hit the dollar wall » Baghdad Today News Agency Economy | Today, 22:32 | Baghdad Today - Baghdad On the seventh of last month, the Iraqi authorities decided to raise the value of the official exchange rate of the dinar against the dollar by 10 percent, from about 1470 dinars to 1300 dinars per dollar, but weeks after the decision, the exchange rate in the local market is still very high and far from the official rate. Exchange rates in the so-called parallel market (private exchanges and currency traders) currently exceed the barrier of 1550 dinars to the dollar, which has led many to question the measures taken by the Iraqi authorities to control the market. Iraq's currency crisis began last November when the Federal Reserve in New York approved stricter controls on international dollar transactions for Iraqi commercial banks. The move was aimed at stemming the illicit flow of dollars into Iran and exerting more pressure on U.S. sanctions over Tehran's nuclear program and other disputes, making it harder for Tehran to obtain dollars. Under the new restrictions, Iraqi banks must use an online platform to disclose their transactions and details about the sender and beneficiaries. U.S. officials can object to suspicious transfer requests. Experts and financial officials say the measures have created a gap as banks, which were reluctant to register on the online platform, resorted to duty-free shops in Baghdad to buy dollars, creating a deficit and exceeding demand over supply. "There are two main problems that caused the crisis to continue, the first is punishing some private banks and removing them from the currency window, and the second is the application of the electronic platform in which auditing takes place in several stages," said economist and academic Abdul Rahman al-Mashhadani. "The unwillingness of Iraqi private banks to operate on the electronic platform or deal with the requirements of the Federal Reserve has caused the rejection of many foreign remittances," al-Mashhadani added. "At one stage, the rate of rejection, whether by the Federal Reserve Bank or the Central Bank of Iraq, amounted to about 80 percent of the remittances required to finance foreign trade," he said. Al-Mashhadani pointed out that "the exchange rate of the dinar will not stabilize soon, given that the government measures are far from solving the crisis and were not serious," describing them as as close as possible to "patchwork" and aimed at solving the problem "temporarily and not radically." In late December, the Central Bank of Iraq approved a package of measures to stabilize the exchange rate against the dollar, including facilitating the financing of private sector trade in dollars through Iraqi banks and opening outlets for selling foreign currency in government banks to the public for travel purposes. The bank called on traders to deal "with banks directly and not to resort to intermediaries and speculators to avoid incurring undue commissions and expenses on their imports". Iraqi government officials have stressed on more than one occasion that stabilizing the exchange rate will not be long for long. In subsequent statements, the prime minister's adviser for financial affairs, Mazhar Mohammed Saleh, confirmed that "the central bank's packages will accelerate the levels of meeting the demand for foreign currency," explaining that the rise in prices in the parallel market "is artificial and based on false information called color noise and does not match the strength of the financial situation." But al-Mashhadani believes that "the estimates of the Central Bank of Iraq were wrong when it talked about the return of the exchange rate and its regularity within a month of applying the new rate." He predicted that "Iraq will need at least three to four months to achieve this." Last Tuesday, the governor of the Central Bank of Iraq, Ali Al-Alaq, said that "a decline in the parallel dollar exchange rate will occur during the coming period." "The central bank has launched multiple packages of measures, and the packages that have been launched are being dealt with seriously to control the parallel dollar exchange rate," al-Alaq said. But Jamal Kojar, a member of the parliamentary finance committee, has a different opinion, arguing that "government measures are not enough to reduce the gap between the market price and the official price." "The disparity is very large and the government's steps have not affected the value of the dinar much and are useless so far," Koger said. "The Iraqi government has not been able to overcome the obstacles faced by traders in order to ensure that their remittances quickly reach the final beneficiary," he said. He pointed out that there are "major corruption operations in private banks, which have begun to deal with large capitalists in order to divide the profits achieved from the difference between the two prices, official and parallel." The Central Bank of Iraq has allowed banks and private exchange companies to buy dollars at the official rate and sell them to eligible traders at a small profit margin. But what is happening on the ground is that some banks buy millions of dollars from the Central Bank in cooperation with some traders, and then sell them in the local market at a profit margin of more than two hundred and fifty dinars per dollar, according to Koger. Koger also pointed to "the continuation of dollar smuggling operations, with the complicity of investors, large traders and some banks." "The members of the Finance Committee sat down with the governor of the central bank and other officials and we told them of these concerns, but they have not been resolved until today," Koger said. "The exchange rate crisis is likely to continue to teeternate between taking one step and taking two steps back," Koger accused "influential political parties of being behind currency smuggling operations in cooperation with large banks that represent fronts for political parties and figures".
    2 points
  36. Renewed Kurdish demands to link the salaries of regional employees directly with Baghdad Politics | Today, 00:17 | Renewed Kurdish demands to link the salaries of the region's employees with Baghdad directly » Baghdad Today News Agency Baghdad Today - Baghdad Former Kurdish MP Ghaleb Mohammed on Friday called for linking the salaries of employees in the Kurdistan region directly with the federal government. Mohammed told Baghdad Today: "There is no confidence from the Kurdish citizens in the Kurdistan Regional Government, even if there is an agreement regarding the financial budget, the delay in the payment of salaries will remain." He added that "the best solution to the economic problem in the region is to link the salaries of employees with the federal government exclusively." On March 13, the Federal Council of Ministers approved the draft federal budget law for the fiscal years 2023, 2024 and 2025, in which the share of the Kurdistan region is more than 12%. On the same day, the region's Ministry of Finance and Economy announced that it had received the amount of 400 billion dinars to "finance the salaries of employees." Yesterday, the Federal Supreme Court rejected the request for a state order to stop the disbursement of 400 billion dinars from the Ministry of Finance of Kurdistan submitted by MP Mustafa Sanad.
    2 points
  37. What's going to happen around April 27th APE becomes AMC. When that happens AMC shares will do a reverse split by 10 and will get a new CUSIP number. So the price per share will be 10 times what AMC is at the time of merger with APE. Some believe that new CUSIP number will force all naked shares and failure to delivers to close which could cause the MOASS. Others think they will find a way to kick the can some more. I am buying up as many APE as I can so when it becomes AMC I will profit per share from the price increase. Then at the same time it will reverse split. So if I have 1000 shares of AMC at that point after the merger, I will have 100 shares of the new AMC at ten times the share price. From that point, people believe Adam Aaron can sell more shares and pay off all debt and kill the short thesis. Thus forcing them to close out their shorts and causing a massive squeeze and possibly the MOASS.
    2 points
  38. Um...first of all there are insurance policies in place to pay us. Secondly, if I thought like that I might as well quit working and go live under the first bus bench I can find so I can stake my claim since the whole world is going to implode and everyone is going to be broke and homeless. In the words of the worst President the US has ever had, "C'mon man"
    2 points
  39. So you all throwing in the towel over someone’s opinion?
    2 points
  40. POSTED ON 2023-03-24 BY SOTALIRAQ Al-Hims renews keenness to improve the reality of the Central Bank Voice of Iraq | Al-Hims renews keenness to improve the reality of the Central Bank (sotaliraq.com) Launching the salary of the full-time appointee in March batch Baghdad – Qusai Munther Deputy Governor of the Central Bank Faisal Wissam Al-Hims pledged to work in a team spirit to improve the reality of the bank and promote its institutions that play a role in serving the community. A statement received by (Al-Zaman) yesterday said that (Al-Hims began his duties in the new position), and Al-Hims expressed (his full support for teamwork and plans set by the Governor, with the aim of upgrading the reality of the bank and advancing it), stressing (seeking to assume the responsibility entrusted to him, and to be up to this task, especially since the bank is one of the most important state institutions, as it plays an important role in community service). The Prime Minister, Mohammed Shia Al-Sudani, earlier assigned Al-Hims the duties of the Deputy Governor of the Bank.Al-Zaman reviewed a document appended to the signature of the Director of the Prime Minister's Office, Ihsan Yassin Al-Awadi, which stated that (based on the requirements of the public interest, and based on the approval of Al-Sudani, it was decided to assign Al-Hims the duties of the Deputy Governor of the Bank). Al-Hims served as President of the Iraqi Trade Bank and was then assigned to head the Securities Commission. In the summer of 2018, Al-Zaman conducted an interview with Al-Hims when he was the President of the Iraqi Trade Bank, during which he responded to a question about what are the limits of dealing between the Central Bank, saying that (the bank is the supervisory and supervising authority, as well as licensed to all banks, whether governmental or private, through instructions issued in accordance with business requirements, and banks are committed to this thing in accordance with the law, and at the same time a meeting is periodically held with the governor of the bank and managers of government and private banks, and opinions are exchanged on how to Developing the performance of banking work and then issuing some instructions after continuous seminars). In addition, the Ministry of Labor and Social Affairs launched the salary of the full-time appointee for the beneficiaries in Baghdad and the provinces for the month of March.The head of the Ministry's Authority for the Care of People with Disabilities and Special Needs, Zikra Abdul Rahim, said in a statement received by (Al-Zaman) yesterday that (the Authority has completed the technical, administrative and financial procedures for the beneficiaries to launch the salary of the full-time appointee for them with a total amount of more than 37 billion and 734 million dinars for the current month), and Abdul Rahim called on the beneficiaries to (go to the outlets approved by the banks of Al-Rafidain, Al-Rasheed and Ashur, to receive their salaries). After completing the procedures, and informing them by the banks). Minister Ahmed Al-Asadi participated at the head of an official delegation in the meetings of the ILO Governing Body in Geneva, Switzerland. Al-Asadi is scheduled to deliver a speech on this occasion and hand over Iraq's instruments of accession to the two conventions ratified by Iraq in the field of social security. The bank indicated in a statement received by (Al-Zaman) yesterday to (granting advances starting from 5 million dinars to 25 million dinars for the original retiree exclusively, provided that his age does not exceed 73 years and that he has not exceeded the specified insurance age), stressing that (applying for the advance is through the electronic application of Rafidain Bank).
    1 point
  41. Al-Hakim: We are witnessing unprecedented security stability |Number of readings: 268 Al-Hakim: We are witnessing unprecedented security stability (ninanews-com.translate.goog) Baghdad / NINA / - The head of the National Wisdom Movement, Ammar al-Hakim, confirmed that Iraq is witnessing unprecedented security stability. He said in a televised statement that the current budget is the largest budget in the history of Iraq and the third in the Arab world. He explained that the previous election law seemed unfair and deprived two-thirds of voters from voting. Al-Hakim indicated that the religious authority said, “Search for a fair election law.
    1 point
  42. Bought 60 more APE shares today. I've decided to keep going for it if nothing else my share average should drop . Go APE, Go AMC pp
    1 point
  43. Three months after the decision to send 400 billion dinars by the Iraqi government to the Kurdistan Region, the Kurdistan Regional Government's finance ministry announced just now that "the money has arrived".
    1 point


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