coorslite21

Somehow I doubt many Iraqis, or others in Arab nations, think of their major financial institutions in a feminine manner... CL

Was viewing the page at the same time I was....just saying a simple hello! CL

Perhaps the "great satan" US suggesting to average Joe Iraqi that they need to be banked, will have the opposite affect desired? CL

Good morning MLD! CL

Cross border electronic trading for Iraq has been active for many years. Did any of you wire funds to Warka Bank? CL

What was spent for 2023?

Seems those who think they're in the know all believe it is still on and close... CL

So many hints in so many places on the changes ahead......follow the bread crumbs......"suddenly"....and epic.....IMHO. CL

The US Debt Clock SECRET WINDOW – (Part 1 and 2 of the Analysis, Oct 28, 2023) - American Media Group https://amg-news.com/the-us-debt-clock-secret-window-part-1-and-2-of-the-analysis-oct-28-2023/

A few days ago that drop down had information on new money/old money.... Hadn't seen that one before either.... Anyone familiar with which constellations are shown or the names of the stars? CL

No worries...Wishing you a Happy New Year! CL

There's that PetroYuan/BRICS Iraqi connection again.....CL

1957.....the year on the bill... The change to FIAT occurred in 1971. CL

Iraq has the intent to quit the dollar. This intent isn't a light switch. Iraq will always play both sides of anything if it is to their advantage. Just my thoughts.....CL Foreign Remittances By Chella Smith The Central Bank has identified four categories that are eligible to receive foreign remittances in cash in dollars. The Central Bank of Iraq has identified four categories that can receive foreign transfers in cash in US dollars in 2024: diplomatic missions, organizations and government contracts, and 40% of remittances to Iraqi exporters. These entities are covered by the monetary policy objectives and banks can hand over the amounts of remittances received from abroad in cash. Banks will continue to open accounts in foreign currencies in exchange for interest/returns, and customers have the right to withdraw deposits and interest/returns deposited in cash. Banks are not allowed to automatically transfer funds from outside Iraq in US dollars to the dinar currency without customer consent. In force government contracts in USD, ongoing contracts on grants, loans and external agreements. 40% of the incoming transfers to Iraqi exporters resulting from their exports abroad. Foreign remittances in cash in US dollar currency, as of January 2, 2024

There is a big push now to get the US military out of Iraq immediately. Article: “Iraq’s PM says government working to end presence of US led coalition forces in the country” Donald Trump once said that that when they reduced the numbers they would not completely leave the country until we have been paid for the war effort. So what does that tell us? The US forces in Iraq are being attacked regularly and have struck back with innocent Iraqis being hurt or killed. Iraq will go the BRICS way and the US will pull out much the same way they did in Afganistan. Iran is still tied to the hip with Iran, and clowns like Sadr and Maliki are still in the picture. Obama pulled out of Iraq and ISIS followed... In the event of an RI or RV...consider doing things quickly....I just don't believe Iraq is stable, internationally, regionally, or even within in their 3 state country....JMO. CL

Great many reasons to believe the first of the year is a logical/common sense time for a revaluation.....but when has Iraq ever been logical or illustrated common sense? I am hopeful, yet cautious in any expectations....just my thoughts ....CL

More interested in seeing what they do than what they say... .trust, but verify...pretty smart guy used that quote years ago...CL

Have a Merry Christmas Ron! CL

If true.....This creates quite a problem for those holding only larger notes. Personally I think this is a totally fabricated story. CL

https://apnews.com/article/iraq-iran-us-gaza-israel-hamas-0b99659922bf1174f86e390808e5bfde

Montana has promoted 10 cents for some time.....perhaps he's right? My view....at 1-1.....USD to IQD....what's the draw for the Iraqis to change to a questionable IQD over a established USD...? The rate will be better than 1 to 1.... IMHO.......CL

anguage PM Advisor reveals a national project to end irregular market impact Local +A -A Baghdad-INA The financial advisor to the Prime Minister, Mazhar Muhammad Salih, identified on Thursday, the priorities of the national project launched by Prime Minister Muhammad Shiaa Al-Sudani to protect the standard of living and end irregular market impact, while explaining the reasons for the delay in stabilizing the exchange rate in the market. Salih said to the Iraqi News Agency (INA): “Although the analysis of the main reasons for the continuation of the phenomenon of the exchange rate in the secondary market, which is witnessing fluctuations that are not commensurate with the strength of Iraq’s vast international reserves, in which the Central Bank of Iraq platform is responsible for financing external transfer requests from foreign currency Which is specifically used for the purposes of financing foreign trade for the private sector, but it is still the subject of due diligence in organizing external transfer requests at an exchange rate of 1,320 dinars per dollar on the part of banks that is not commensurate with international compliance standards." He added, "Some of them have not reached the level of interest required globally because they mediate in the purchase of foreign currency for the benefit of the commercial community, some of which are subject to rejection this accumulates a surplus demand that may find its way to financing and illegally towards the informal secondary market for exchange, which is a market that does not constitute... "Only 10% of the foreign currency supply, in addition to it being an illegal market and leaving colored noise on the stability of the exchange rate." Salih continued: “Today, economic policy is responsible for following additional import windows for basic commodities and maintaining their stable and financed prices at an exchange rate of 1,320 dinars per dollar, and at the forefront of that is adopting a policy of defending price stability towards providing an additional commodity supply with a stable price, and in a national project launched by the Prime Minister to protect the standard of living in a way that removes the real income of the citizen from the price noise of speculative forces in the illegal exchange market." He added: “Since the demand for foreign currency is a demand for foreign goods, services and benefits that take place outside the country (and not inside it as dollarization does and its harmful effects on the stability of the monetary system), the Iraqi monetary policy is working hard to address the problems of financing foreign trade the country has strong currencies that are stable in their exchange rates and at the same time adhere to the principles of international compliance and combating money laundering, in order to facilitate trade and investment relations between Iraq and its trading partners around the world." Salih pointed out that “these strong policies all provide a protective umbrella for economic stability, end the role of the irregular and illegal market, and distance their effects from price stability in a sustainable manner, as all of these policies work within the lofty goal of protecting Iraq’s monetary sovereignty and ending the use of foreign currencies in evaluating internal transactions.” And keeping it away from the payments system and its operations within the national economy, which is a legacy that has extended since 1982, as dealing with the dollar internally in settling or paying for the purchase and sale of goods, services, rents, and contracts within the national economy is an act that violates the law." 30-11-2023, 16:11 facebook twitter Whatsapp telegram print Edit Related news INA discusses number of important files with CBI Governor Investigations and reports 02:28 INA discusses 14 important files with CBI Governor Investigations and reports 12:49 INA discusses 9 files with the CBI Governor, most notably the exchange rate and inflation Investigations and reports 12:41 Hot News Most read Real Madrid wins 2-0 against Granada Sport 10:30 Iraq congratulates UAE on the occasion of the 52nd anniversary of National Day politics 10:04 CBI reveals the discussions of the joint Iraqi delegation in Türkiye Local 07:50 More than 60 Palestinians were killed by Zionist entity in Shujaiya International 06:30 Rashid stresses the necessity of taking a serious international stance to stop the aggression against Gaza politics 06:14 The Iraqi News Agency (INA) is the first news agency in Iraq, and the second to be launched in the region after the Egyptian Middle East News Agency. The agency was established during the era of former President Abdel Karim Qassem in March of 1959 as an official news agency. reserved © 2023.

Newsome/Desantis.... Hosted by Hannity ....what a total cluster...... both looked like babbling morons......who won?... Trump and Biden.. CL

The larger banks in the US, and many all over the World have multi currency accounts....most higher value clients have access to these. CL

That's rich.....you have no idea what my back ground is. So go ahead, patronize me with your boastfulness of self importance. Guess you believe the suppression of the IQD and Rial has helped curb terrorism.....not in the least. CL