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Showing content with the highest reputation on 04/30/2023 in all areas

  1. “Today, Sunday, the Central Bank of Iraq confirmed that the impact of growth was greatly reflected in the volume of requests, amounts, and banks participating in the foreign currency sale window platform, while indicating that government measures obligated the payment of wages and salaries of foreign workers in Iraqi dinars.” “these measures are supported by the government's orientation and the Central Bank of Iraq's orientation towards enhancing confidence in the Iraqi dinar” More confidence > More demand > More Value Go Stronger Dinar $1+
    13 points
  2. I believe they’re putting things in place to move to an open market economy and add value to their currency.
    10 points
  3. “Through our accurate knowledge of the monetary position of the Central Bank and its rising foreign exchange reserves, and its balance exceeded $ 110 billion, which covers up to 118% of the exported local currency, 130 tons of gold, and what is available continuously and daily from dollar revenues from oil sales, in addition to its assets of the issued national currency and available in the coffers of the Central Bank, it made it in control of the implementation of its procedures to cover the demand for the dollar in the trading market and through its various official outlets," First comment about this was from the PM, talking about the reserves covering about 150% or 1.5 times of local currency. The second comment about this was from Mohammed Saleh, talking about the reserves covering 130% or 1.3 times the local currency. The third comment about this from Samir Al-Nasiri, talking about about the reserves covering 118% or 1.18 times the local currency. We are not getting the real numbers. Why? Think about it.! Go CBI Go new monetary policy Go Stronger Dinar $1+
    9 points
  4. Iraq Parliament to Pass Federal Budget Bill in Mid-May: Sources ERBIL — The federal parliament in Baghdad is likely to pass the federal budget bill in the middle of May, according to the country's Coordination Framework bloc. There are reportedly no serious disagreements among the parliament's different factions on the provisions of the budget bill. And the country's growing need for a budget law has led to a general consensus among them to accelerate efforts to pass the bill. The federal government of Iraq approved the budget bill in March, which will cover finances for the years 2023-2025 after it is approved by the parliament. The budget totals nearly 200 trillion dinars, with 12.67 percent of the overall budget being allocated to the Kurdistan Region which is expected to share revenues from oil sales with Baghdad in return. The budget had been in the making for the past several months, and is long overdue because of the political impasse that delayed government formation following the 2021 parliamentary elections in the country.
    8 points
  5. Agree. We may wake up any day now to a brand-new ER.
    7 points
  6. 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 Frank26 I have a better idea of when to hold'm and when to fold'm. Because at $1.50 I'm already half way there to the $3 I was seeking. In reality I wouldn't be surprised if this thing goes into the $4 range. Walkingstick The articles are not keeping up with what they are telling the citizens. Remember this education is for them. Not for us. Militia Man Iraq's new banking system is going to be all about them facilitating international trade...They've got their systems to the point where they're internationally compliant...in compliance with the IMF regulatory requirements. MarkZ There are a lot of conflicting news stories coming out of Iraq. Part of the diversion to keep us guessing on timing…. Right now they are letting us know their legislative holiday is supposed to start on May 9th….BUT, if they budget is not done…they will extend this session until it is. We of course have contacts on the ground over there that say they have already passed the budget but have not announced it yet. That they are waiting to execute it because they are working on the exchange rate change. We were expecting this back and forth to happen at the end. Just like what they did in Kuwait. The morning of their revaluation they ran an article saying no rate change for 6-9 months then they did it that same day. This is the kind of news we are expecting to get.
    7 points
  7. 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 Militia Man At this stage of the game...everybody should be smiling, going, ' Iraq 's finally coming to the open market.' What we're looking for is the Forex - the Iraqi dinar to be exposed to the international world at an internationally acceptable exchange rate. We're probably going to see that, I would hope, any time. It's pretty powerful stuff. Deepwoodz All indications from reading up on parallel rates are that this means the illegal or black market rate. Just like in Iraq ...They are squeezing out the dollars. This eliminates the multi currency practice that goes against becoming article 8 compliant. I found it interesting that a country only has to notify the IMF that they will comply with article 8 to be article 8. Then simply comply. Goldilocks The Iraqi money is backed by foreign exchange, treasury notes and precious metals such as gold. Their recent Banking Reforms have allowed movements towards establishing banking protocols. It puts them into a position of having a set of standards allowing them to move into the International stage. Iraq's currency is backed by gold. This is their moment...
    6 points
  8. 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 Docmagee94 Here is a partial list of the Strongest Currencies in the world right now, and their value to USD. Enjoy the top 4 if you will: 1. Kuwati Dinar - 1 KWD = 3.26 USD. 2. Bahraini Dinar - 1 BHD = 2.65 USD. 3. Omani Rial - 1 OMR = 2.60 USD. 4. Jordanian Dinar - 1 JOD = 1.41 USD. IMO, Iraqi Dinar could soon be in the top 10, if not top 5, most valuable currencies in the world. And what do they all have in common? Backed by assets. Paulette I have watched the Market Rate for almost 15 years. IMF Article 8 compliance requires no Multi Currency Practice. A Market Rate of greater than 2% constitutes a Multi Currency Practice according to IMF Article 8. Bottom Line, Iraq cannot be compliant with Article 8 requirements if the Market Rate exceeds 2% of the Official Rate. The new verbiage of "Parallel Rate" has made this seem as a new issue ...Saleh has now stated this twice recently. The real question is how long must they maintain the 2%...90 days. I never saw this printed in Article 8.... Considering all we are being told, I don't accept the 90 day theory. MarkZ Question: Mark do you think we will still be here waiting on June 1st? Answer: I don’t think so. But then I didn’t think we would still be here looking at May 1st... Deepwoodz [Response to Paulette above] ...When they went to 1460 they were out of compliance the opposite direction. Then, they went to 1310 on a whim, and that put them out of 2% compliance. Now everyone in the world is supposed to wait and see if they can attain symmetry from 1310? Why 1310? Why not 500 or 1000? Why not choose a 1-1 rate to begin with in an internal float? Out of compliance either way till you're not...Why slap them [citizens] with a worse rate than they had two years ago to attain symmetry? Why not give them something to be proud of at the onset instead of a completely Iranian idea of a value? ...It just doesn’t make sense to me.
    5 points
  9. Or then again I could be wrong. Maybe it will be like this under Ole dementia Joe: Let me tell you how it will be There's one for you, nineteen for me 'Cause I'm the taxman Yeah, I'm the taxman Should five percent appear too small Be thankful I don't take it all 'Cause I'm the taxman Yeah, I'm the taxman (If you drive a car, car) I'll tax the street (If you try to sit, sit) I'll tax your seat (If you get too cold, cold) I'll tax the heat (If you take a walk, walk) I'll tax your feet (Taxman) 'Cause I'm the taxman Yeah, I'm the taxman Don't ask me what I want it for (Ah, ah, Mr. Wilson) If you don't want to pay some more (Ah, ah, Mr. Heath) 'Cause I'm the taxman Yeah, I'm the taxman Now my advice for those who die (taxman) Declare the pennies on your eyes (taxman) 'Cause I'm the taxman Yeah, I'm the taxman And you're working for no one but me (taxman)
    5 points
  10. It appears Iraq is truly international & ready. Go RV.
    5 points
  11. Regarding the Banking Supervision Reporting System article I posted, it came to me with comments from someone that I highly respect (thank you!) with regards to the dinar, but do not have permission to post his comments publicly, so I will not name him:
    5 points
  12. Another step forward in Reforming the financial management systems. Go CBI Go Reforms Go Stronger Dinar $1+
    5 points
  13. Here's a HUGE development from Dinarland... Verified: Iraq's inclusion In the Arab Fund. Tlm724 Administrator Bondlady’s Corner: The Ministry Of Finance Participates In The Meetings Of The Economic Development Fund & The Arab Investment Guarantee Corporation. ARTICLE: Baghdad – conscious Today, Saturday, the Ministry of Finance participated in the meetings of the Board of Governors of the Arab Fund for Economic & Social Development & the Arab Corporation for the Guarantee of Investment & Export Credit. The media office of the Ministry of Finance said, in a statement received by an Iraqi News Agency (INA), that “Finance Minister Taif Sami participated in the meeting of the Board of Governors of the Arab Fund for Economic & Social Development as the governor of Iraq in the fund,” noting that “Iraq is one of the countries that contribute the most to the Arab Fund.” for economic and social development, & contributes to the capital of the special account at a rate of 9.2 percent to finance small & medium private sector projects in the Arab countries.
    4 points
  14. Now just a minute, Markie...You & the Goose have been saying for the last 10 years...tiers 1, 2 & 3 have been already paid out...4A & 4B are next...what happened? MarkZ via PDK: Tier 1 Paid. TIDBIT: I have started getting some notifications late last night & this morning that tier 1 is officially paying. I have a very good T1 contact & I'm trying to get a hold of them to find out if this is accurate. If it is- that tells us that a cascade of events has sped up & we are on the cusp.
    4 points
  15. Here's another article related to the above...the news just keeps on getting better... Goldilocks: CBI Is Prepared. TIDBIT: Per phone meeting with CBI Banker today. Iraq is planning on implementing their electronic payments on the QFS by June.
    4 points
  16. Fimum, I do not have that kind of experiential knowledge. If I receive more input, I will post it. But...IMO if you are set up and ready to go, a settling-in period of additional quarters would not be required. The IMF has not been an overnight process, just like the WTO, but has taken years. Iraq also has the benefit of the US Treasury guiding and mentoring them, along with an administration dedicated to Iraq's success.
    4 points
  17. That’s why you will get a tax attorney and financial planner after to advise you on the investments that you can make under our current tax laws that will either shield most of your taxes and or completely make your tax liabilities down to almost zero!! Investing in real estate is one of the best ways that will reduce any and all tax liability! Lastly I personally believe this even will NOT be taxed as ordinary income, it will be taxed as Capital Gains!! I have read the arguments on both sides and there are plenty of tax attorney’s and CPA’s that believe an event like this will be Taxed as Capital Gains. Now of course that may not matter if the current incompetent administration raises the Long term capital gains tax to 40%! Either way we won’t actually know how it’s going to be taxed until this event happens so it’s a mute point! But as long as you hire the right tax attorney and financial planner you should be able to reduce any and all tax liability on the money you make! Just interview several of these professional people before hiring them which again is a tax right off!
    3 points
  18. The news just keeps on getting better...Go RV... KTFA via Clare: The Dollar Is Falling Against The Iraqi Dinar In The Local Markets. ARTICLE: The exchange rates of the US dollar decreased against the Iraqi dinar, today, Saturday, on the main stock exchange in the capital, Baghdad. The central Al-Kifah and Al-Harithiya stock exchanges in Baghdad recorded 141,200 Iraqi dinars for 100 US dollars this morning. That the buying & selling prices decreased in exchange shops in the local markets in Baghdad, where the selling price reached 142,250 Iraqi dinars for every 100 US dollars, while the buying prices amounted to 140,250 Iraqi dinars for every 100 US dollars.
    3 points
  19. It won't stop at just paying our taxes under the current law. OBiden wants to impose a one time additional tax on the wealthy. Who are the new one time taxed wealthy he's looking at...the Dinarians? The Democrats will keep on coming & coming for more.
    3 points
  20. Carrello thank you for the post. With the establishment of the BSRS to satisfy IMF requirements, do you think the fact that Iraq has put it in place is sufficient? Or will there need to be one or more quarters of reports before the IMF says they're good to go? Thanks again! Fimum.
    3 points
  21. 3 points
  22. 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 MarkZ Now that Iraq is international...How in the world did you make that conclusion since NOTHING has been formally announced…they can actually process exchanges…Maybe in "some" locations by special agreement...this is huge news today (Friday)...I do know if they had their “druthers”, the time they would love to announce it the most would be early Saturday morning prayers so they can put it in the Gazette. I am not saying that is when it will happen…but we are circling over the target. Let's hope that Mark is actually right - we know they're close, but don't jump the gun...RON Clare Article: "A Sudanese advisor expects the official and parallel dollar prices to match within weeks" Quote: "We expect that, within a few weeks, there will be a match between the two prices, Saleh said to the Euphrates News Agency, noting that this match is if the difference between them is 2%, then it is considered a match."
    3 points
  23. Taxes... seems some here are willing to just pay 50%...and be happy with half of a windfall.... Hire an International Tax Attorney to help you... Minimum $800 USD per hour......probably 40 hrs of work...find a good one.. Professionals are well worth the fee... That US tax code.....pretty crazy... but like anything USG..... very flawed.... Example: Biden Inc. and Romney have multiple Off Shore Corporations....all legal by the US tax codes and regs.... do your research... CL How Long Would it Take to Read the U.S. Tax Code? Reading only the U.S. Tax Code of 6,871 pages will take an average adult 1 week 3 days to finish. But when you include the IRS tax regulations and revenue guidelines, it is about 75,000 pages. This will take 14 weeks to complete.
    3 points
  24. We can cross that bridge when we get there. Just like crossing the RV bridge when we get there. Been on the road to the RV bridge for 18 years so far and no bridge. Oh by the way do you pay taxes on your Canadian money when you exchange it back to US dollars, when you come back from Canada after a great week of fishing. (Nope) .. Do you pay a tax when you exchange your Chinese currency when you come back from China on a vacation ? (Nope) I have never had to claim when I filed taxes that I exchanged in my UAE dinar for dollars. So instead of guessing just be prepared to pay taxes and if you dont have to,,,,,, well,,, then more money in your pocket.
    3 points
  25. Perhaps a political philosophy..... The left would take it so they would have it to "take care" of us.... The right would let us pour it back into the economy and that would benefit the country... CL
    3 points
  26. I wish I could believe that we won't have to donate to the wasteful Federal Government, but you'd have a better chance not being bit by mosquitos in a Louisiana swamp covered with coco butter. The way I figure it, you will get to keep about 62% of your money. I'm reminded of the mosquito that bit Will Ferrell in 'Land of the Lost', you'll end up about 1.75 quarts low.
    3 points
  27. The central bank talks about new procedures related to the transfer process 2023.04.30 - 14:55 Baghdad - Nas Today, Sunday, the Central Bank of Iraq confirmed that the impact of growth was greatly reflected in the volume of orders, amounts, and banks participating in the foreign currency sale window platform, while noting that Governmental procedures obligated the payment of wages and salaries of foreign workers in Iraqi dinars. The Deputy Director General of the Investments Department at the Central Bank of Iraq, Muhammad Yunis, said in a statement to the official agency, followed by "NAS", (April 30, 2023), that "the growth helped reduce the gap between the official and parallel exchange rate, significantly during the past days." Younes added, "The growth rate of the banks participating in this platform reached 155%, while the levels of demand rose from 42 requests per week, to about 1,280 requests." He explained, "This increase was accompanied by a significant increase in the volume of amounts for these requests, as it rose from approximately $44 million per week to more than $490 million per week, while the volume of executed amounts reached nearly 80%, and the 20% was It is caused by the delay in implementation, due to a lack of information or a request for additional information. Yunus continued, "These amounts were distributed among a variety of commodities, the most important of which were foodstuffs, health, electrical and electronic appliances, construction materials, cars and their spare tools," pointing out that, "despite the challenges and obstacles that accompanied the implementation of the new procedures, which suffer Including some banks and companies, as they represent a qualitative transition in the process of financing foreign trade, and in line with international norms and standards, but today they have reached very advanced stages. He pointed out that “the increase in the number of requests and the size of their development prompted the Central Bank to work to start new procedures that will contribute significantly to facilitating the transfer process, as the mechanism is based on strengthening the balances of banks that have accounts in solid foreign banks, for the purpose of meeting the requests of their customers in dollars, in addition to to other currencies such as (the euro) and (the Chinese yuan). And Younes stated, "The banks' requests will be met faster and easier, given the reduction in the volume of transactions according to which the strengthening mechanism will be implemented in order to implement them," stressing, "These measures are supported by the government's approach and the Central Bank of Iraq's direction towards enhancing confidence in the Iraqi dinar, the latest of which is the circular issued by the Secretariat." The General Assembly of the Council of Ministers to all ministries, state institutions and the private sector, on the 18th of this month, by relying on the Iraqi dinar, and collecting taxes, government fees and insurance.
    2 points
  28. Moot point. Or if a cow says it, it’s a Moo Point.
    2 points
  29. It's hard to pretend or cover up our IQD investments. The IRS-UST knows what we purchased. It's their job to know. There's a lot of difference between returning home with a handful of UAE Dinars & purchasing $millions worth of IQD as a speculative investment...huge difference. We are being tracked.
    2 points
  30. NOTE: The top currencies in the world are all Arab nations...coincidence, the IQD may follow... Docmagee: Here Is A Partial List Of The Strongest Currencies In The World Right Now & Their Value To USD. ARTICLE: Enjoy the top 4 if you will: 1. Kuwati Dinar – 1 KWD = 3.26 USD. 2. Bahraini Dinar – 1 BHD = 2.65 USD. 3. Omani Rial – 1 OMR = 2.60 USD. 4. Jordanian Dinar – 1 JOD = 1.41 USD. IMO, Iraqi Dinar could soon be in the top 10, if not top 5, most valuable currencies in the world. And what do they all have in common? Backed by assets.
    2 points
  31. BRICS GLOBAL Currency. If Iraq followed, would it make a difference?; I'm thinking not. Value would remain same. Currency we are holding, would it be obsolete? Perhaps it's in another chat and I missed it. Just speculation on a what if.
    2 points
  32. CBI launches Banking Supervision Reporting System (BSRS) CBI launches Banking Supervision Reporting System (BSRS) | Iraq Business News (iraq-businessnews.com) 30th April 2023 in Iraq Banking & Finance News By John Lee. The Central Bank of Iraq (CBI) has launched the Banking Supervision Reporting System (BSRS), which will collect financial data from banks and non-banking financial institutions. According to a statement from the CBI, the system will provide the Banking Control Department with a clear view of the financial status of financial institutions, enabling regulatory authorities to monitor the financial safety of banks and non-bank financial institutions more accurately and rectify potential risks within them. The launch of BSRS is part of the Central Bank's strategic objectives to develop institutional performance, upgrade banking control tools, and reduce risks through regulatory techniques and automation of activities. (Source: CBI )
    2 points
  33. Deputy: Al-Sudani's retraction from the ministerial change is a "weakness" that counts against him 2023-04-30 05:19 Shafaq News/ The representative of the Kurdistan Democratic Party, Majid Shankali, described, on Sunday, some ministers as "below the level of ambition", stressing the need to replace them with others better than them to implement the government program. Shankali told Shafaq News agency, "Some ministers in the government must be replaced because they are not at the level of ambition and cannot implement the government program promised by Prime Minister Muhammad Shia'a al-Sudani." He added, "If the Prime Minister, Muhammad Shia'a al-Sudani, does not change the cabinet, this is considered a weakness that is calculated on al-Sudani." He pointed out that "Al-Sudani said that he will start with the ministerial change after six months of evaluating the work of the ministers in the government, and any change in the cabinet will be in the interest of Al-Sudani, but the most important point in the ministerial change is that the alternative is better than the replaced one." Informed political sources had previously informed Shafaq News Agency that Prime Minister Muhammad Shia' al-Sudani "intends to present a cabinet reshuffle in two phases, and perhaps more than that, and a request to change ministers will be submitted by himself to the House of Representatives and he will go to the Council building in the coming days." And the source, who asked not to be named, said, "Al-Sudani intends to change the ministers of defence, transport and water resources in the first phase of the cabinet reshuffle.
    2 points
  34. Central Bank: Government measures obligated to pay the wages and salaries of foreign workers in Iraqi dinars Today, 14:46. Baghdad – Waa – Mohammed Talbi The Central Bank of Iraq confirmed on Sunday that the impact of growth was significantly reflected on the volume of requests, amounts and banks participating in the foreign currency window platform, while noting that The government measures required the payment of wages and salaries of foreign workers in Iraqi dinars. The assistant director general of the investment department at the Central Bank of Iraq, Dr. Muhammad Yunis, told the Iraqi News Agency (INA) that "the growth has helped reduce the gap between the official and parallel exchange rate, significantly over the past days." Younis added that "the growth rate in the banks participating in this platform reached 155%, while demand levels increased from 42 requests per week to about 1280,<> requests." He explained, "This increase was accompanied by a significant increase in the volume of amounts for these requests, as they rose approximately $ 44 million per week, to more than $ 490 million per week, while the volume of implementation of it reached nearly 80%, and the 20%, was caused by delay in implementation, due to lack of information or request for additional information." "These amounts were distributed among a variety of commodities, the most important of which were foodstuffs, health, electrical and electronic appliances, construction materials, cars and their spare tools," Younis said, pointing out that "despite the challenges and obstacles that accompanied the implementation of the new procedures, which some banks and companies suffer from, as they represent a qualitative transition in the process of financing foreign trade, and in line with international norms and standards, today they have reached very advanced stages." He pointed out that "the increase in the number of demand and the size of its development prompted the Central Bank to work on starting new procedures that will contribute significantly to facilitating the transfer process, as the mechanism is based on strengthening the balances of banks that have accounts in reputable foreign banks, for the purpose of meeting the demands of their customers in dollars, in addition to other currencies such as the (euro) and (Chinese yuan)." Younis said that "the requests of banks will be met faster and easier, due to the reduction of the volume of transactions under which the strengthening mechanism will be carried out in order to implement them," stressing that "these measures are supported by the government's orientation and the Central Bank of Iraq's orientation towards enhancing confidence in the Iraqi dinar, the latest of which is the circular issued by the General Secretariat of the Council of Ministers to all ministries, state institutions and the private sector, on the 18th of this month by relying on the Iraqi dinar, and collecting taxes, government fees and insurance, and these procedures also obligated to pay Wages and salaries for foreign workers, and payment of university and kindergarten fees in Iraqi dinars."
    2 points
  35. Association of Private Banks: The dinar is recovering and will return strong and stable Today, 15:32 Baghdad - Waa The Association of Iraqi Private Banks confirmed on Sunday that the dinar is recovering and will return strong and stable. The Association's advisor Samir Al-Nasiri told the Iraqi News Agency (INA): "Our dinar is recovering and returning strong and stable," stressing that "with a close eye to the reality of monetary policy applications and the procedures of the Central Bank and its careful follow-up of the situation of the foreign currency market locally and abroad, facilitating mechanisms for entering the electronic platform for external transfer and applying international standards that allow Iraq to regularize in the global banking system and control the movement and safety of foreign currency circulation. The commitment of banks to implement the new external transfer instructions for 2023 and address obstacles has led to refuting extremist and pessimistic views that the crisis will continue, and we will be like Lebanon, Iran, Syria and Turkey when the dollar devoured the local currencies of these countries. "Through our accurate knowledge of the monetary position of the Central Bank and its rising foreign exchange reserves, and its balance exceeded $ 110 billion, which covers up to 118% of the exported local currency, 130 tons of gold, and what is available continuously and daily from dollar revenues from oil sales, in addition to its assets of the issued national currency and available in the coffers of the Central Bank, it made it in control of the implementation of its procedures to cover the demand for the dollar in the trading market and through its various official outlets," he said. In my previous articles, the dinar will recover and the crisis is temporary despite all external and internal reasons." He pointed out that "the bank's measures to increase the demand for the dollar, the negotiating and shuttle rounds of the governor of the Central Bank in Istanbul and Washington, the understandings reached to support the bank's measures to control foreign transfers, reform and develop the banking sector, facilitate the mechanisms of foreign transfers, government support to implement the procedures of the Central Bank, and the right decisions of the Board of Directors of the Central Bank to issue procedural packages to develop instructions, facilities and flexibility to alleviate the crisis, and its important decision to raise the exchange rate of the dinar and adjust the rate to 1300." Dinars for finance, 1310 for banks through the platform, and 1320 for the public, and the speed with which the government approved the new price and immediately started dealing with it, which led to the return of the money market to a stable situation." He added that "one of the other main reasons that contributed to the recovery of the Iraqi debt is the rise in the sales of the currency window for foreign remittances to the target rates between (150-200) million dollars per day and the increasing entry of small traders and importers to the platform after achieving their benefit from imports at the official price and their regularity with the foreign trade system in accordance with international standards, which strengthened the position of monetary stability in the trading market, which helped bridge the gap between the official price and the parallel price." Al-Nasiri called on "the Central Bank that the next stage will be an evaluation and analytical stage of the reasons that led to the aggravation of the crisis at the time, re-evaluation of banks and licensed and unlicensed exchange offices, classifying them in a new way and developing their work in all fields," pointing out that "its next strategy must include new policies and instructions that ensure maintaining stability in the financial system and the monetary system and achieving important steps in stimulating and enabling the banking sector to contribute to investment and development as stated in paragraph 7 of the Article twelve to reform the financial and banking sector because banking banking reform is the beginning of economic reform."
    2 points
  36. The Central Bank confirms that government measures obligated the payment of wages and salaries of foreign workers in Iraqi dinars Economy 14:51 - 2023-04-30 Today, Sunday, the Central Bank of Iraq confirmed that the impact of growth was greatly reflected in the volume of requests, amounts, and banks participating in the foreign currency sale window platform, while indicating that government measures obligated the payment of wages and salaries of foreign workers in Iraqi dinars. "Growth has helped reduce the gap between the official and parallel exchange rate, significantly over the past days," said Dr. Muhammad Yunis, Assistant Director General of the Investments Department at the Central Bank of Iraq, in a press statement. Younes added, "The growth rate of the banks participating in this platform reached 155%, while the levels of demand rose from 42 requests per week, to about 1,280 requests." He explained, "This increase was accompanied by a significant increase in the volume of amounts for these requests, as it rose from approximately $44 million per week to more than $490 million per week, while the volume of executed amounts reached nearly 80%, and the 20% was It is caused by the delay in implementation, due to a lack of information or a request for additional information. Yunus continued, "These amounts were distributed among a variety of commodities, the most important of which were foodstuffs, health, electrical and electronic appliances, construction materials, cars and their spare tools," pointing out that, "despite the challenges and obstacles that accompanied the implementation of the new procedures, which suffer Including some banks and companies, as they represent a qualitative transition in the process of financing foreign trade, and in line with international norms and standards, but today they have reached very advanced stages. He pointed out that “the increase in the number of requests and the size of their development prompted the Central Bank to work to start new procedures that will contribute significantly to facilitating the transfer process, as the mechanism is based on strengthening the balances of banks that have accounts in solid foreign banks, for the purpose of meeting the requests of their customers in dollars, in addition to to other currencies such as (the euro) and (the Chinese yuan). And Younes stated, "The banks' requests will be met faster and easier, given the reduction in the volume of transactions according to which the strengthening mechanism will be implemented in order to implement them," stressing, "These measures are supported by the government's approach and the Central Bank of Iraq's direction towards enhancing confidence in the Iraqi dinar, the latest of which is the circular issued by the Secretariat." The General Assembly of the Council of Ministers to all ministries, state institutions and the private sector, on the 18th of this month, by relying on the Iraqi dinar, and collecting taxes, government fees and insurance.
    2 points
  37. 2 points
  38. Dr. Sam Bailey: https://drsambailey.com Good website with a lot of professionally researched and presented information, what are your thought’s? My first thought’ How deep can the rabbit hole go? Deep as the will, of the ignorant informed mind, allows..? The thought is concerning, when face to face with the difficulty of rapping my mind around a likely probability, to the information found within the website. https://drsambailey.com/resources/videos/viruses-unplugged/reiner-fuellmichs-coronaviruses/
    2 points
  39. From WRAL-TV; Winning Powerball Numbers Saturday, April 29, 2023 16 53 54 57 65 PB 08 Power Player 2X Congratulations Jaxinjersey! You matched tonight's powerball plus one! Sorry; We had no other winning matches tonight.
    2 points
  40. Won’t happen….relax….military is the only way…
    2 points
  41. Exactly what I believe the obvious staling is partially about. Also what goes along with this outcome is getting our Country back. No DS, bank bail in bs, etc. etc.....Stay tuned, it's coming.
    2 points
  42. Unless the (unconstitutional) Federal Reserve is merged with the United States Treasury and our (unconstitutional) income tax including the IRS is abolished. I believe we won't be paying any tax other than 14-17% sales tax on new (unnecessary) items 👍
    2 points
  43. 3rd reading of the budget ? No magic bullet.....there is a 30 day period following approval where it can be appealed in a federal court. I doubt you'll see anything in the "Gazette" before then. CL
    2 points
  44. I laugh at myself all the time. I talk to myself also. I am the only one who agrees with me and doesn't argue with me. Me, myself and I get along great. If I ever go Huh, then I will begin to worry.
    2 points
  45. We will be taxed over & over again on our interests made & our investments.
    1 point
  46. For one thing, source is not available. But after reading again, I saw hints of Charlie in the information... not sure he is that credible.. just has a lot of sheep following him. Another thing is his continued pushing information just to get attention... sorry I even posted it. Afraid we are going to be left holding the bag.... Hope is a good thing, but too much hopium can be detrimental to one's life.
    1 point


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