Leaderboard

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 'Oh, it's not going to happen. Oh, it's kicking the can down the road. Oh, it's a bunch of nonsense.' Well, you argue with the CBI. They're the ones that are telling the citizens we're about to give you a new currency, a new exchange rate and they're doing it on a weekly basis. Mnt Goat ...the “project to delete the zeros” must be completed just prior to or at about the same time of any major rate change to what we want to see...What we want Iraq to do now is to get off the program rate and finally “liberate” the dinar back to pre-war normalization from the embargoes and the wars. ...This is when we go to the bank and not before. ...The next step in the plan is to reinstate to FOREX thus to “liberate” the dinar once again for the investors..[post 1 of 2] Mnt Goat We know what they are about to do and have to do it. Think about all the actions the CBI has taken just since January of 2023. WOW! ...in summary- it is here and there is no turning back for Iraq now. They can ONLY go forward with the project to completion for the currency reform of the Iraqi dinar...I cannot over emphasize enough that this is a once in a lifetime event for most of us so make the best of it. [post 2 of 2]

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 Clare Article "The Iraqi Central Bank: The dinar is our national currency, and there is no need to deal in dollars" Quote "The members of the Iraqi Dinar Support Committee are communicating with the security services to implement the instructions of the Council of Ministers and the Central Bank to support the dinar, stabilize the exchange rate, and prevent informal dealings because there is no need to deal in dollars in Iraq." Frank26 If we have the budget on the 1st, if we have the POS activated on the 1st, I bet you we'll have the ATMs activated and that would be more powerful than anything else because those ATMs - you know what they got. You know the program, the software. This is all my opinion, nothing more. Walkingstick The combination of the POS and the ATMs would be good to be released together. Maybe Thursday..? Militia Man Fed-Now was going to be coming out on July 1st but turns out they sped that up to June 1st. That's just in a few days. That's to accommodate the global real-time growth settlements. To me, there's probably no coincidences at this stage of the game. All currencies are going to get affected by this release...Any new exchange rate that has substantial price increase is going to affect the region. It's going to affect the globe...it's powerful. All boats rise with the tide...all of these things are going to happen in a synchronized manner. To me, it's going to be a global event. I hope I'm right. I hope we're all part of it because it sure looks like it's really coming to a head... Mnt Goat Article: "IRAQ RAISES ITS GOLD RESERVES BY 2% TO 132.73 TONS" Why is Iraq accumulating all this gold? Are they backing the dinar with it? Are they going on the gold standard in a serious way? I have already given you some proof that they are. This article is just more of the same. Sandy Ingram "This is What Happens the Morning the IQD Increases in Value Against the US Dollar" [Series 2 of 5] ...The Iraqi Dinar floats to 25 cents to one IQD...Regardless of what the status of exchanging your IQD for USD is, you will want to develop a cough and call in sick...Stay very calm. Do not text family members, and only tell your spouse if they can be trusted to keep the information a secret...call your boss at work later on in the day and explain that you will be in to work the next day or in two days. YOU WANT TO KEEP YOUR DAY JOB UNTIL YOU CAN INVEST YOUR PROFITS AND CREATE A POSITIVE CASH FLOW FOR YOURSELF AND YOUR FAMILY. If you do anything else, you are in the fast lane to going broke. [Series 2 of 5]

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 Kaperoni There are a lot of new articles over this past week coming out of Iraq pertaining to the transition to the digital economy. The government, stores, fuel stations, etc all now are using POS (point of sale) card readers. Iraq is transitioning away from paper. The dinar is also becoming Iraq's primary currency as they transition away from dollars. Pimpy As an individual who is an investor in the Iraqi dinar you sit back and you ask yourself, 'What are the things you don't want to see happen that can set you back?' You don't want an uprising. You don't want to see a corrupt government try to become a tyrannical government. There is fighting between Afghanistan and Iran. What you don't want to see happen is it spills over into Iraq. The last thing you want to see is an excuse for American troops to go into Iraq. And guess what's happening? Yep, troops are going back into Iraq...Biden is yes, sending troops back into Iraq. Unbelievable..! Clare Article: "The Central Bank of / NINA /: Issuing a new denomination for the national currency is not on our agenda at present" Quote: "The Governor of the Central Bank, Ali Al-Alaq, said...The issuance of cash currency for the category of twenty thousand dinars, is not in the agenda of the Central Bank of Iraq now."

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 [Iraq boots-on-the-ground report] FIREFLY: New currency notes are being explained to us and they're saying they are coming to us. Talked about the need of why they are bringing a new currency and a new exchange rate... FRANK: They are now again repeating to you you're going to receive a new national native currency that is being put right into your hands. You see what they're telling you about the international theater and how this new currency is going to be all all over the place. That's because it will float in a basket. These are incredible time for you... Deepwoodz Question: ["...A friend... thinks budget before the rate. I think rate before budget. What is your opinion?] Rate before budget or budget before rate ?" ...All they talk about lately is the budget. Then supposedly the HCL is next. We haven’t seen any descriptions of new currency or coins. No description of denominations. Supposedly the exchange rate is a “line item”. Supposedly it can be changed any time like an amendment and I suppose I can see that happening. Sounds logical. What would be the benefit of budget first? I think the benefit is that the rate is a secret. Until it isn’t....They have huge plans ahead and will need to get the budget done in order to capitalize on a new rate... Clare Article: "Economist: stagnation hits the Iraqi markets due to the delay in approving the budget" Walkingstick [Walkingstick's Iraqi Bank owner friend report] It looks like on June 1st they want every point of sale device that has been handed out already to go live with the CBI. Frank26 [Iraq boots-on-the-ground report] FIREFLY: They're telling us today that Thursday they will activate all electronic payments, all POS devices in all government and private sectors... FRANK: ...That's the 1st of June...I don't know what to say except this is very interesting. June 1st. MarkZ Comment: Is Iraq going to float first? I am not hearing its going to float. Goldilocks We currently do not have a rate change in Iraq, but we are getting closer. Let's take a good look at where we are. Iraq is currently moving into electronic mechanisms design to fulfilled trades on both sides of a transaction...These mechanisms are internationally approved and internationally based. Iraq has built up their foreign currency reserves to stabilize their economy. They have issued new VISA and MasterCard credit to their people allowing local and International payments. [post 1 of 2] Goldilocks They have a new working currency reform system. They have adopted their own National Currency, and it is now the preferred currency. * And, they have recently increased their gold reserves by over 2% stating that this is "just the beginning." ...did you know that gold and currencies are co-related? Holding gold strengthens relationship values between countries. It is one way to raise the value of a country's currency. [post 2 of 2]

After The Middle Of The Year Has Passed.. Expect To Resolve Budget Differences Within A Week June 1, 2023 Earth News / Member of the Parliamentary Finance Committee Moeen Al-Kazemi expected, today, Thursday, that the problems of Baghdad and the region regarding the budget will be resolved during this week، To be presented after he indicated that the points of contention can be dealt with in dialogues between the parties of the region. Al-Kazemi said in a statement to “ Earth News ”, that “ the current crisis between the Kurdistan region and the federal government regarding the budget is limited to Articles 13 and 14، Solutions to Article 13 have been developed through the legal context, given that Sumo is responsible for exporting and selling oil and oil revenues deposited in the central bank، The President of the Kurdistan Regional Council of Ministers is entitled to disburse this account according to the budget ”. “ In return, there will be a specific share for the Kurdistan Region agreed upon, 67% will receive it، Now it is required that there be negotiation on Article 14 and that compromises can be reached, as it was they that were modified by the Finance Committee، 12 paragraphs 6 of them became identical to the government text and 6 modified ”. And that “ this rate is negotiable, there are matters of internal affairs in the Kurdistan region that can be dealt with through the parties in the region، There is an important issue regarding the Nineveh and Kirkuk fields. Solutions must be found in this direction. If the intentions are pure, during this week final results can be reached regarding these two articles، The budget is considered ready for presentation under the dome of Parliament and approval, to take its path for implementation and the Sudanese government will launch its government program ”.

“the celebration of the start of the electrical interconnection with Iraq comes with the beginning of the implementation of the interconnection contract between the Gulf interconnection network and the electricity network in the south of the Republic of Iraq,” pointing out that “the project that is expected to operate next year It will contribute to consolidating cooperation between the countries of the Cooperation Council and the Republic of Iraq and supporting the energy security of southern Iraq,” No more Iraq dependency from Iran power grid ……. I see progress.

International Monetary: The growth momentum in Iraq is slowing due to oil and currency June 1, 2023 Baghdad / Obelisk Al-Hadath: The International Monetary Fund issued a statement about the prospects for the Iraqi economy for reasons related to the interruption of the Kirkuk-Ceyhan oil pipeline, in addition to the decline in oil production and fluctuations in the currency exchange rate. And the International Monetary said in a statement received by Al-Masalla: The growth momentum of the Iraqi economy has slowed in recent months. After oil production recovered last year and restored to the level it reached before the outbreak of the Corona pandemic, oil production is expected to contract by 5 percent in the year 2023 in light of The decision of OPEC + to reduce the volume of oil production, and the interruption of the Kirkuk-Ceyhan oil pipeline from work,” according to a statement by International Monetary Fund experts who recently conducted a review of the Iraqi economy after their meeting with Iraqi officials in the Jordanian capital, Amman. Iraq is the second largest oil producer in OPEC, with an average of 4.5 million barrels per day, of which about 3.4 million barrels are exported, as the Iraqi government relies on revenues from selling crude to cover about 95 percent of its expenditures. The oil reserves in Iraq are the fifth largest proven oil reserves in the world, amounting to 145 billion barrels. The IMF statement indicated that the fluctuations in the foreign exchange rates market, following the application of the Central Bank of Iraq to stricter controls to combat money laundering and terrorist financing on foreign currency sales, had a negative impact on the import-based non-oil sectors. The IMF estimates that the non-oil real GDP contracted by 9 percent (on a comparative annual basis) during the last quarter of 2022, which canceled out the growth achieved during the first three quarters of the year. With signs of stabilization of the foreign exchange market, in light of the measures taken by the Central Bank of Iraq, real non-oil GDP is expected to resume growth, reaching 3.7 percent in 2023, according to the International Monetary Fund statement. The statement expected that the inflation rate would reach an average of 5.6 percent during 2023, indicating that inflation began to moderate after it rose to 7 percent last January. The statement said: The favorable conditions in the oil market have supported the financial and external centers of Iraq, but the structural imbalances have continued to widen. In the year 2022, the surpluses of public finances and the external current account amounted to 7.6 and 17.3 percent of the total GDP, respectively, due to the record rise in oil revenues. The foreign currency reserves of the Central Bank of Iraq also rose to $97 billion (equivalent to the value of 11 months of imports), which includes financial savings for the government amounting to $16.3 billion (equivalent to 6 percent of GDP). At the same time, the significant fiscal expansion increased the non-oil primary deficit from 52 percent to over 68 percent of non-oil GDP in 2022. He added that the fiscal expansion will further increase, as proposed in the draft budget law for the year 2023, the size of the primary non-oil deficit in public finances to reach 75 percent of non-oil GDP, and the total deficit in the balance of public finances to 6.5 percent. of the gross domestic product. The combined effects of increasing government spending, increasing the exchange rate of the Iraqi dinar, and reducing oil production combined would increase the price of a barrel of oil required to achieve balance (zero deficit) in public finances, to $96. The statement indicated: In the short term, the implementation of the Iraqi authorities' plans for public finances could push the inflation rate to an escalation, and return the foreign exchange market to volatility. In the medium term, the continuation of current policies in light of a great deal of uncertainty about the future path of oil prices poses serious risks to macroeconomic stability. Barring a significant increase in oil prices, the current fiscal situation could lead to mounting deficits and tightening fiscal pressures in the coming years. He also stressed that there is a need for a more tightened fiscal policy, in order to strengthen the resilience of the economy and reduce the government's dependence on oil revenues while preserving urgent social spending needs..as the main priorities include diversifying fiscal revenues, reducing the huge wage bill for government employees, and reforming The pension system to make it financially sound and more inclusive. Although the IMF mission supports the government's plan to increase the volume of social assistance, it recommends a stronger level of targeting, to ensure that aid is directed to the most vulnerable citizens.

In detail.. The International Monetary Fund issues its report on the Iraqi economy and issues a number of warnings money and business A team of International Monetary Fund experts, led by Tukhir Mirzoev, warned that the fluctuations in the foreign exchange market and the reduction in oil production affected the momentum of growth in Iraq, warning of the expansionary plans of the Iraqi authorities in public finances that could lead to an exacerbation of the level of inflation. In the short term, and to impose significant risks to macroeconomic stability in the medium term. And he considered, in a report issued by the Fund, that the discipline of public finances and wide-ranging structural reforms are crucial factors to reduce weaknesses in the Iraqi economy, to enhance its resilience in the face of crises, and to achieve sustainable and more inclusive growth for all. The report comes after a visit to Amman, Jordan, during the period 24-31 May, with the aim of discussing the latest developments and economic prospects with the Iraqi authorities, as well as discussing plans related to policies in the coming period. At the end of this mission, Mirzoev issued the following statement: "The growth momentum of the Iraqi economy has slowed down in recent months. After recovering oil production last year and restoring the level it reached before the outbreak of the Corona pandemic, production is expected to contract by 5 percent in the year 2023 in light of the OPEC + decision to reduce the volume of oil production." , and the interruption of the Kirkuk-Ceyhan oil pipeline from work. The fluctuations in the foreign exchange market rates, following the application of the Central Bank of Iraq to stricter controls to combat money laundering and terrorist financing on foreign currency sales, had a negative impact on the import-based non-oil sectors. A contraction in real non-oil GDP by 9 percent (on a year-on-year basis) during the last quarter of 2022, canceling the growth achieved during the first three quarters of the year.With signs of stabilization of the foreign exchange market, in light of the measures taken by the Central Bank of Iraq, the non-oil real GDP is expected to resume growth, reaching 3.7 percent in 2023. After the inflation rate rose to 7 percent in January On the second of January, inflation began to moderate in a way that reflects the decline in commodity prices at the international level and the increase in the exchange rate of the Iraqi dinar by 10 percent. The inflation rate is expected to average 5.6 percent during the year 2023. "Favorable conditions in the oil market have supported Iraq's financial and external centers, but structural imbalances have continued to widen. In the year 2022, surpluses in public finance and external current account balances amounted to 7.6, or 17.3 percent of the total GDP, Respectively, due to the record rise in oil revenues, the foreign exchange reserves of the Central Bank of Iraq increased to reach 97 billion US dollars (equivalent to the value of 11 months of import), which includes financial savings for the government amounting to 16.3 billion US dollars ( At the same time, the significant expansion of public finances has increased the non-oil primary deficit from 52 percent to over 68 percent of non-oil GDP in 2022. “The fiscal expansion will further increase, as proposed in the draft budget law for the year 2023, the size of the primary non-oil deficit in public finances to reach 75 percent of non-oil GDP, and the total deficit in the balance of public finances to 6 percent. 5 percent of GDP. The combined effects of the increase in government spending, the increase in the exchange rate of the Iraqi dinar, and the decrease in oil production combined would increase the price of a barrel of oil required to achieve balance (zero deficit) in public finances, to 96 US dollars. "In the short term, the implementation of the Iraqi authorities' plans for public finances could push the inflation rate upward, and return the foreign exchange market to volatility. As for the medium term, the continuation of the current policies in light of a great deal of uncertainty about the path of Oil prices in the future pose serious risks to macroeconomic stability, and except in the case of a significant increase in oil prices, the current public finance situation could lead to an escalation of the deficit and an increase in fiscal pressures in the coming years. A tighter fiscal policy is needed to strengthen the resilience of the economy and reduce the government's dependence on oil revenues while preserving urgent social spending needs. Key priorities include diversifying fiscal revenues, reducing the huge wage bill for government employees, and reforming the pension system To make it financially sound and more inclusive. While the IMF mission supports the government's plan to increase the volume of social assistance, it recommends a stronger level of targeting, to ensure that aid is directed to the most vulnerable citizens. “Improving public financial management remains critical. In this context, the IMF mission warns of the need to be cautious about planned creation of new extra-budgetary funds, which raises concerns about governance and efficiency, and strongly recommends that all Government expenditures through the budget. Furthermore, the mission is urging full implementation of the Government Guarantees Management Framework, including taking parliamentary pre-approval of the annual ceiling and the list of government guarantees as part of the budget law. In addition, there is a need to accelerate efforts to Establishing the single treasury account with the aim of strengthening public financial management. The mission welcomes the progress made by the Central Bank of Iraq in the area of improving liquidity management, anti-money laundering and counter-terrorist financing frameworks, and stresses the importance of close coordination between the stances of monetary and public financial policies in managing the Iraqi economy. “Creating an enabling environment for private sector development will be paramount to achieving sustainable and more inclusive growth. Priorities in this area include continued efforts to strengthen governance and reduce corruption, restructure large state-owned banks to improve access to finance, and reform the labor market with the aim of promoting job creation Employment in the private sector, improving the ability of the electricity sector to recover costs to enhance its ability to meet demand in a sustainable manner, and improving the broader business environment. The Fund's team of experts stands ready to support the Iraqi authorities in their reform efforts, and would like to thank them for the frank and fruitful discussions during the mission. Views 64 Added 06/01/2023 - 4:38 PM

If Iraq is going all electronic/digital......why would they need the lower denoms.....paper & coins? CL

yep...look for what they are NOT saying.....

The Banks should be heavily fined or closed down if they are corrupt and supporting the Iranian government which they were according to the US Treasury Dept.

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 Both Drawings

its sad people call him president, when we know the game, i call him what he is ! PUPPET !

I like this look closer I see a push in here

The International Monetary Fund issues a pessimistic statement about the Iraqi economy money and business Economy News _ Baghdad The International Monetary Fund issued a pessimistic statement for the Iraqi economy after the post-pandemic recovery last year, including reasons related to the interruption of the Kirkuk-Ceyhan oil pipeline and OPEC cuts. A number of fund experts who met with Iraq in Jordan from May 24 to 31 last to discuss with the Iraqi authorities about recent economic developments and expectations as well as policy plans in the coming period, said that "the growth momentum of the Iraqi economy has slowed in recent months, after recovering to a level before Pandemic last year, oil production is set to contract by 5 percent in 2023 due to OPEC+ production cuts, Kirkuk-Ceyhan oil pipeline outage, foreign exchange market volatility in the wake of tightening AML/CFT controls by The Central Bank of Iraq on foreign currency sales negatively. And they indicated, "It is estimated that the non-oil real GDP contracted by 9 percent (on an annual basis) in the last quarter of the year 2022, which cancels its growth during the previous three quarters, with the continued stability of the foreign exchange market, with the help of the measures of the Central Bank." In Iraq, non-oil real GDP growth is expected to resume and reach 3.7 percent in 2023, after rising to 7 percent in January,” and inflation has begun to moderate — reflecting a decline in international goods as well as a revaluation of 10 percent to the dinar - and it is expected that the average inflation will reach 5.6 percent in 2023. The experts also pointed out that "favorable conditions in the oil market supported Iraq's financial and external situation, but the structural imbalances continued to widen. In the year 2022, current account surpluses in public and external finances reached 7.6 and 17.3 percent of GDP, respectively, on the back of revenues record high oil,” and the CBI’s foreign exchange reserves rose to US$97 billion (11 months of imports), including US$16.3 billion (6 percent of GDP) in fiscal savings accumulated by the government. At the same time, a significant fiscal expansion widened the non-oil primary deficit from 52% to more than 68% of non-oil GDP during the year 2022. They pointed out that "the largest fiscal easing envisaged in the draft budget law of 2023 would widen the primary non-oil fiscal deficit to 75% of non-oil GDP and bring the total fiscal balance to a deficit of 6.5% of GDP, and the combined effects will lead to Increased government spending, a revaluation of the exchange rate, and lower oil production have pushed the fiscal breakeven price of oil to $96 a barrel. Experts said, "In the short term, the implementation of the authorities' financial plans could lead to a re-ignition of inflation and fluctuations in the foreign exchange market, and in the medium term, the continuation of current policies in the presence of a great deal of uncertainty about the future course of oil prices poses critical risks to the stability of the economy." Aggregate, if there is no significant increase in oil prices, the current fiscal situation may lead to widening deficits and intensifying financing pressures in the coming years. And they stressed that "a tougher fiscal policy is needed to enhance flexibility and reduce the government's dependence on oil revenues while protecting critical social spending needs." Government plan to increase social assistance, the mission recommends stronger targeting to ensure it is directed at the most vulnerable people. They noted that "improving public financial management remains of paramount importance, and in this context, the mission warns against the planned creation of new extra-budgetary funds, which raises concerns about governance and efficiency, and strongly recommends adherence to budgeted government expenditures. Moreover, the mission urges "Full implementation of the Government Guarantees Management Framework, including Parliamentary Guarantees. Endorsement and publication of an annual cap and list of Government Guarantees as part of the Budget Law. Accelerated efforts are also needed to establish the Treasury Single Account to strengthen public financial management." At the same time, the mission welcomed "the progress made by the Central Bank of Iraq in improving liquidity management and frameworks for combating money laundering and terrorist financing, and stresses the importance of close alignment of the position of fiscal and monetary policies in managing the economy." Views 123 Added 06/01/2023 - 9:22 AM

Here's another article related to the above...some good news...at least the Dinar-USD ER has been stable for the last month...this should facilitate matters easier when the time comes... Tlm724 Administrator Bondlady’s Corner: The Stability Of The Dollar Exchange Rate On The Local Stock Exchange. ARTICLE: The exchange rates of the US dollar against the Iraqi dinar stabilized, today, Wednesday, on the main stock exchange in the capital, Baghdad. The central Al-Kifah and Al-Harithiya stock exchanges in Baghdad recorded this morning an exchange rate of 146,000 Iraqi dinars for 100 US dollars. While the selling price in exchange shops in the local markets in Baghdad was recorded at 147,000 dinars per 100 US dollars, and the purchase price was 145,000 dinars per 100 dollars.

Frank26 If we have the budget on the 1st, if we have the POS activated on the 1st, I bet you we'll have the ATMs activated and that would be more powerful than anything else because those ATMs - you know what they got. You know the program, the software. This is all my opinion, nothing more. What happended Frankie...Last week you almost guaranteed it would happen by the end of May. Then the end of April & then the end of March.

MM 07 28 49 54 69 MB 24 - 06-02-23 PB 31 38 42 46 64 PB 10 - 06-03-23 Back to Back "Jackpots" - Make it happen! Thank you Jesus!

From WRAL-TV Winning Powerball Numbers Wednesday, May 31, 2023 2 4 54 61 62 PB 14 Power Player 3X Sorry; We had no winning matches tonight.

The Criminal Elite complaining. These people are really something aren't they.

try Sunday night...because if the do it Sunday night their banks are open and then ours are shut.....and if we have a reset in that time then everything will be shutdown for atleast 10 days of darkness

no rate change.....it willbe CBI and on xe,com

What's going on...Frankie? Do we have a rate change? It's already the 1st in Baghdad.

So confirmation of no new high denominations at the minute but..... he did not mention or rule out new lower denominations

The Central Bank promotes the use of payment machines (POS) in accordance with the decision of the Council of Ministers https://cbi.iq/news/view/2348 June 01, 2023 The Central Bank of Iraq announces the entry into force of the Council of Ministers Resolution No. (23044) of 2023, which is to increase the number of electronic payment devices (POS) that are used starting from 1/6/2023 in government institutions and the private sector to promote the culture of electronic payment and collection, and reduce the use of paper money in collection and commercial transactions. The Central Bank of Iraq confirms that it has been providing this service for years in accordance with its powers, and in compliance with the decision of the Council of Ministers, as it has begun since the beginning of this year to expand the scope of work, hold workshops and launch incentive initiatives to implement financial inclusion and promote the use of electronic payment by citizens in ministries, bodies and state departments that work with collection and financial collection, such as the Ministry of Interior, Electricity and Oil, the Housing Fund, Amanat Baghdad, and the Ministry of Trade, pointing out that each entity provides its services or has a collection Financial with citizens directly, will work through electronic payment machines (POS), and the citizen has the right to choose to pay in a way that facilitates him, revealing at the same time that there are other institutions and government departments that will join the service (POS) in the next few days in implementation of the above-mentioned Cabinet decision. The Central Bank indicates that there is a great response from the private sector, commercial centers, licensed delivery companies, taxi companies licensed by the competent sectoral authorities, and some universities and private hospitals, by providing point-of-sale devices (POS) in their work. This bank provided the infrastructure and support necessary for the launch of this project in its expanded form, and the continuation of its development in accordance with the best technologies and international specifications to serve the public interest, and facilitate the procedures for electronic cash circulation through bank cards, explaining that the transfer of funds electronically from the cards of the beneficiaries of this service to the bank holding the account of the government entity billing will be after the completion of processing and settlement operations in the payment systems with high reliability and security, and affiliated to the Central Bank of Iraq and according to the best International practices. Central Bank of Iraq Information Office 1 6 2023

IMF Staff Concludes Staff Visit to Iraq May 31, 2023 End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Foreign exchange market volatility and reduced oil production have affected Iraq’s growth momentum. The authorities’ fiscal expansion plans could stoke inflation in the short run and pose significant medium-term macroeconomic stability risks. Fiscal discipline and wide-ranging structural reforms are critical to reduce Iraq’s vulnerabilities, strengthen resilience, and achieve durable and more inclusive growth. Washington, DC: A staff team of the International Monetary Fund (IMF) led by Tokhir Mirzoev visited Amman, Jordan from May 24-31 to discuss with the Iraqi authorities the recent economic developments and outlook as well as policy plans in the period ahead. At the end of the mission, Mr. Mirzoev issued the following statement: “ The Iraqi economy’s growth momentum has slowed in recent months. After recovering to its pre-pandemic level last year, oil production is set to contract by 5 percent in 2023 owing to the OPEC+ production cut and outage of the Kirkuk-Ceyhan oil pipeline. The foreign exchange (FX) market volatility in the wake of tighter anti-money laundering/combating the financing of terrorism (AML/CFT) controls by the Central Bank of Iraq (CBI) on FX sales has adversely affected import-dependent non-oil sectors. Real non-oil GDP is estimated to have contracted by 9-percent (year-on-year) in the last quarter of 2022, negating its growth during the previous three quarters. With the FX market appearing to be stabilizing, helped by CBI’s actions, growth of real non-oil GDP is expected to resume and reach 3.7 percent in 2023. After spiking to 7 percent in January, inflation has begun to moderate—reflecting lower international commodity prices as well as a 10-percent revaluation of the dinar—and is projected to average 5.6 percent in 2023. “Favorable oil market conditions have supported Iraq’s fiscal and external positions, but structural imbalances continue to widen. In 2022, fiscal and external current account surpluses have reached 7.6 and 17.3 percent of GDP respectively on the back of record-high oil revenues. The CBI’s FX reserves rose to US$97 billion (11 months of imports), including US$16.3 billion (6 percent of GDP) in fiscal savings accumulated by the government. At the same time, a large fiscal expansion has widened the non-oil primary deficit from 52 to over 68 percent of non-oil GDP in the course of 2022. “ An even bigger fiscal loosening envisaged in the draft 2023 budget law would widen the non-oil primary fiscal deficit further to 75 percent of non-oil GDP and bring the overall fiscal balance to a deficit of 6.5 percent of GDP. The combined effects of increased government spending, the exchange rate revaluation, and reduced oil production would bring the fiscal break-even oil price to $96 per barrel. “ In the short run, implementation of the authorities’ fiscal plans could re-ignite inflation and FX market volatility. Over the medium term, continuation of current policies in the presence of substantial uncertainty about the future path of oil prices poses critical macroeconomic stability risks. Barring a large increase in oil prices, the current fiscal stance could lead to mounting deficits and intensifying financing pressures in the coming years. “A significantly tighter fiscal policy is needed to strengthen resilience and reduce the government’s dependence on oil revenues while safeguarding critical social spending needs. Key priorities include diversifying fiscal revenues, reducing the oversized government wage bill, and reforming the pension system to make it financially sound and more inclusive. While supporting the government’s plan to increase social assistance, the mission recommends stronger targeting to ensure that it is directed to those who are most vulnerable. “Improving public financial management remains of critical importance. In this context, the mission cautions against the planned establishment of new extrabudgetary funds, which raise governance and efficiency concerns, and strongly recommends adhering to on-budget government expenditures Furthermore, the mission urges full implementation of the framework for managing government guarantees, including Parliamentary approval and publication of an annual ceiling on and the list of government guarantees as part of the budget law. Accelerated efforts to establish a Treasury Single Account are also needed to strengthen public financial management. “The mission welcomes the progress made by the CBI in improving its liquidity management and the AML/CFT frameworks and underscores the importance of close alignment of the stance of fiscal and monetary policies in managing the economy. “Creating an enabling environment for private sector development will be of utmost importance for achieving durable and more inclusive growth. Priorities include continued efforts to enhance governance and reduce corruption, restructuring large state-owned banks to improve access to finance, reforming the labor market to promote private sector job creation, improving cost recovery in the electricity sector to enhance its ability to meet demand in a sustainable manner, and improving the broader business environment. “The IMF staff team stands ready to support the authorities in their reform efforts and would like to thank them for candid and productive discussions during this mission.”

Because they are not in control of it.

Until I see a picture from space showing all the continents I am living on a globe.

Not me ward will be mad and take it out on the beaver

Foreign Minister: Problems related to the Kurdish share in the budget will be resolved June 1, 2023 Baghdad / Obelisk Al-Hadath: Foreign Minister Fuad Hussein said, on Thursday, that the problems related to the Kurds' share in the budget will be resolved. Foreign Minister Fuad Hussein visited the President of the Federal Court, and said, after his departure, that he "spoke with the President of the Federal Court as Minister of Foreign Affairs and discussed the internal situation in Iraq." On May 25, the Finance Committee in the Iraqi Parliament amended Articles 13 and 14 of the Kurdistan region's share of the Iraqi budget, and linked the transfer of the share to the implementation of several new conditions that were not previously included in the draft law. Hussein said when asked about another meeting of the State Administration Coalition: There will be a solution, take it from me, okay.

Parliamentary Finance Committee: The budget is left with only the sections of transfers and spending Iraq 15:16 - 2023-05-31 Today, Wednesday, the Parliamentary Finance Committee announced the addition of items to the budget that maximize state revenues and support the local product, and technical touches to legalize the relationship between the center and the region, while confirming that it looks at the budget, its materials, and its items technically away from politics. A member of the committee, Saad Awad al-Tobi, said, "The committee did not encounter any difficulties in the financial budget in terms of its items and paragraphs, up to the transfer stage," pointing out that "the committee added items that maximize state revenues and support and protect the local product." Al-Tobi added, "The controversial articles are only articles (12, 13, and 14) that concern the Kurdistan region," stressing that "the Finance Committee looks at the budget and its materials and clauses technically away from politics, as for the discussions between political parties and parties, they are isolated from the committee and its work." . He pointed out that "the committee added some technical touches to the budget that preserves the country's wealth in the first place, and legalizes the relationship between Baghdad and the region," stressing that "the committee works to create a state of settlement and justice in the distribution of wealth between the provinces in the center, south, west and north." He explained that "the committee relied on the decision of the Federal Court, the decision of the Paris Club, and general principles, in preserving the wealth of the country, among which are three points represented in the export of oil from Kurdistan through the Oil Marketing Company (SOMO), and the opening of a bank account with the Central Bank of Iraq that is subject to To supervise the Office of Financial Supervision and authorize the Prime Minister and Minister of Finance to disburse the prime minister of the region, in addition to preserving public money by specifying 5 years to pay off the indebtedness of loans granted to the region instead of 7 years. He pointed out that "the committee will create a state of balance between the western, northern and southern governorates when it reaches the transfer, especially the central governorates (Muthanna, Diwaniyah, and Babil) as they are very affected, and their allocations to approve the distribution according to the proportions of the Ministry of Planning in calculating the percentage of the population, and for example the Ministry of Planning's census." In Al-Muthanna Governorate, it refers to 700 thousand people, while the reality is represented by about one million citizens in it, and therefore the committee will work to create a state of settlement and raise the allocations of these governorates with additional amounts. And he indicated that "the budget has nothing left of it except for the transfer and spending sections, for example the Popular Mobilization Authority and the Martyrs Foundation need financial allocation," stressing that "the transfer is ready to be classified."

The Central Bank proceeds to increase electronic payment devices (POS) in accordance with the decision of the Council of Ministers Expenses Economy News _ Baghdad Today, Thursday, the Central Bank of Iraq announced the start of increasing electronic payment devices (POS) in accordance with the decision of the Council of Ministers. A statement by the Central Bank, received by "Al-Iqtisad News", stated that "the Central Bank of Iraq has begun implementing Cabinet Resolution No. (23044) for the year 2023, which includes providing electronic payment service (POS) in the government and private sectors." He added, "This decision aims to enhance the culture of electronic payment and reduce the use of paper money in commercial payment and collection operations, as points of sale and various electronic payment methods will be used to facilitate electronic collection operations in effective, reliable and flexible ways." He pointed out, "The necessary steps have been taken by the ministries concerned with collection to deploy POS devices for electronic collection purposes," noting that "the relevant ministries, agencies and government departments, such as the Ministries of Interior, Electricity, Transport, Oil and Trade, the Housing Fund and the Municipality of Baghdad, have begun to use electronic payment gateways and Installing point-of-sale (POS) devices to facilitate direct dealings with citizens, while preserving the citizen's right to choose the payment method that suits him. The Central Bank expects that "other government institutions and departments will join this service in the coming days, which will contribute to expanding the use of electronic payment in the country." He pointed out that "the response from the private sector was very encouraging, as point-of-sale devices were spread in commercial centers, delivery companies and licensed taxi companies, in addition to universities and private hospitals." He stressed that "the Central Bank is working to develop and strengthen the necessary infrastructure, and to adopt the best international standards and technologies to ensure the ease and safety of using various electronic payment tools, as the operations that take place through this service are provided with high reliability and under the supervision of the Central Bank of Iraq, and adhere to the best international practices in this regard." the field". And the Central Bank of Iraq suggested that “the implementation of this decision will have a significant impact at the country level, as it enhances effectiveness and efficiency in collecting revenues, provides advanced financial services to citizens, contributes to digital transformation, strengthens governance, and improves the efficiency of collection and financial collection, and also contributes to increasing transparency and reducing errors.” in financial operations. He explained, "The Central Bank of Iraq is looking forward to achieving great progress in the field of electronic payment in Iraq," considering, "This measure is a necessary step towards building a strong foundation for achieving financial stability and economic growth." Views 152 Added 06/01/2023 - 10:12 AM

Oil: May revenues exceeded $7 billion Time: 06/01/2023 13:40:27 Read: 832 times {Economic: Al Furat News} The Ministry of Oil announced the total exports and revenues achieved for the month of May, according to preliminary statistics issued by the Iraqi Oil Marketing Company {SOMO}, where the total amount of exports of crude oil reached (102) million and (463) thousand and ( 387) barrels, with revenues amounting to (7.306) billion dollars. The statistics indicated, according to a statement by the Ministry of Oil, that "the total exported quantities of crude oil for the month of May from the oil fields in central and southern Iraq amounted to (102) million and (206) thousand and (413) barrels." And she pointed out that "the average daily quantities exported amounted to (3) million and (305) thousand barrels per day." The Ministry of Oil noted that "the average price of one barrel amounted to more than (71.30) dollars."

MM 2 Jun 23: 7, 11, 41, 46, 52 - 14 PB 3 Jun 23: 5, 13, 47, 56, 60 - 6 👍🏻🇺🇸

High dollar prices in Baghdad and Erbil 2023-06-01 // 00:18 Shafaq News / The exchange rates of the US dollar against the Iraqi dinar increased today, Thursday, in the main stock exchange in the capital, Baghdad, and in Erbil, the capital of Kurdistan Region. Shafaq News agency reporter said that the central Al-Kifah and Al-Harithiya stock exchanges in Baghdad recorded 146,650 Iraqi dinars for 100 US dollars this morning. While the prices on Wednesday morning were 146,400 dinars for 100 dollars. Our correspondent indicated that the buying and selling prices have stabilized in exchange shops in the local markets in Baghdad, where the selling price reached 147,500 Iraqi dinars for every 100 US dollars, while the buying prices amounted to 145,500 Iraqi dinars for every 100 US dollars. As for Erbil, the capital of the Kurdistan Region, the price of the dollar also recorded an increase, as the selling price reached 147,050 dinars against the dollar, and the purchase price reached 147,000 dinars against 100 dollars. https://shafaq.com/ar/اقتصـاد/ارتفاع-سعار-الدولار-في-بغداد-واربيل-5-1

@coorslite21 having worked in Iraq I can attest to the fact a large majority of Iraqis are not tech savvy. Most prefer hard currency they can touch and see. Hence the cash under the mattress scenario. May of changed as I was there at the start of the war but I suspect not. pp

Central Bank of / Nina: The issuance of a new denomination of the national currency is not on our agenda at the moment Wednesday, May 31, 2023 16:40 |EconomyViews: 360 Central Bank of / Nina: The issuance of a new denomination of the national currency is not on our agenda at the moment (ninanews-com.translate.goog) Baghdad /NinaThe Central Bank of Iraq settled the controversy over the possibility of issuing a new denomination of the national currency and pumping it into circulation in the local market. Central Bank Governor Ali al-Alaq said in a statement to the Iraqi National News Agency / / "We are not in favor of issuing a new monetary denomination for the Iraqi national currency currently in circulation." He explained: "The issuance of cash currency for the denomination of twenty thousand dinars, is not on the agenda of the Central Bank of Iraq now." On the latest developments in the dollar exchange rate mechanism in the local market, Al-Alaq stressed: "The Central Bank is currently implementing all requests for the purchase of dollars for all categories of citizens." He added: "Any price outside the official exchange rate is for speculation or illegal acts in local transactions," noting: "The beneficiary who is looking for a higher exchange rate and has the opportunity to buy at the official price is looking for a higher price on the black market, and this is evidence of legal forms in the transactions he intends to carry out."

PB 05/31/23 02 10 12 34 56 PB 01

iraqis currency as per consitution and law is linked to gold and silver and by the way so is Irans.....

hmmmmm....FML.....social security.....salary scales......can you see?

Central Bank: The dinar is the national currency and there is no need to deal with the dollar Heba Hamed6 hours ago One minute Central Bank: The dinar is the national currency and there is no need to deal with the dollar – First News Agency (awla.news)ok Twitter Share via mail The Central Bank of Iraq on Wednesday identified the party responsible for selling the dollar at the parallel price, while stressing that the dinar is the national currency and there is no need to deal with others. Assistant Director General of the Department of Investments in the Central Bank of Iraq Muhammad Yunus told the official agency (First News): "The goal of the Central Bank's launch of the three successive packages is to maintain the stability of the exchange rate and deal at the official rate, and the sale was launched through cash sales platforms." He added that "the bank is currently adopting a mechanism to improve procedures, facilitate the transfer of remittances and overcome all difficulties," pointing out that "small traders who are not entitled to access the platform are those who buy the dollar and deal at the parallel price and pressure and form a demand for it, while the rest of the commercial companies enter the platform and conduct their transfers normally and at the official price." "The members of the Iraqi Dinar Support Committee are communicating with the security services to implement the instructions of the Council of Ministers and the Central Bank to support the dinar, stabilize the exchange rate and prevent informal dealing because there is no need to deal with dollars in Iraq," he said. "Those who speculate in dollars violate the law and dealing with them is done through the Iraqi judiciary," he said.

Will the Central Bank of Iraq issue a new denomination of the national currency and inject it into the local market? Wednesday, 31 May 2023, 11:05 PM Politics, Latest News, Economy, The Central Bank of Iraq has ruled out issuing a new denomination of the national currency and injecting it into the local market. The Governor of the Central Bank Ali Al-Alaq said in a press statement, "We are not in favor of issuing a new monetary denomination for the Iraqi national currency currently in circulation," stressing that the issuance of the cash currency for the twenty thousand dinars denomination, is not on the agenda of the Central Bank of Iraq now. On the latest developments in the dollar exchange rate mechanism in the local market, Al-Alaq stressed that the Central Bank is currently implementing all purchase requests from the dollar for all categories of citizens, stressing that any rate outside the official exchange rate is for speculation purposes or carrying out illegal acts in local transactions. Al-Alaq said that the beneficiary who is looking for a higher exchange rate and has the opportunity to buy at the official price, is looking for a higher price on the black market, and this is evidence of a legal problem in the transactions he intends to make.

Why is it so bizzare that all gurus are the only one who get excited? On the other hand , none of dinar investors get very excited. Something fishy is going on here. Something isn't right here. Who is right? Who is wrong?

Fingers crossed we need something to happen!!!