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Shedagal

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Posts posted by Shedagal

  1. 1 hour ago, coorslite21 said:

    The Central Bank of Iraq on the exchange rate: changing it confuses the markets and squanders the gains

    Mustafa Shilani   2022/02/20 19:29
           
    Photo: Archive Photo: Archive
     

    ERBIL (Kurdistan 24) – The Central Bank of Iraq pointed out on Sunday that any unplanned change in the US dollar exchange rate would lead to economic stagnation and confuse local markets.

    In late 2020, the CBI decided to raise the price of selling the dollar to banks and currency exchange to 1,460 dinars from 1,182 dinars in an effort to bridge the inflation gap in the 2021 fiscal budget after the collapse of oil prices, which is the primary income of the financial resources of the whole country.

    The CBI said in a statement that the current exchange rate achieved many positive results, the most prominent of which was reducing the state's general budget deficit to achieving a surplus at the end of 2021 and giving local producers and investors an essential competitive advantage with imported goods.

    It added that "the repetition of changing the exchange rate within short times without study by relevant authorities leads to economic recession, confuses the work of local markets, increases speculation on foreign currency, and squanders the gains made by the current exchange rate."

    The bank continued, "despite the rise in international oil prices, there is no link between this rise and the objectives and results of changing the exchange rate."

    "The current rise in oil prices will enable the Iraqi government to properly rebuild the Iraqi economy and build sufficient financial buffers to face any future fluctuations in international oil prices."

    This statement came after claims circulated in the media about the existence of government efforts to reduce the US dollar price. The Iraqi parliament hosted the Governor of the Central Bank to talk about the exchange rate, but the Minister of Finance refused to attend despite being summoned. Speculation about the situation led to fluctuating exchange rates in the grey market.

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    @coorslite21 , I'm clueless.  What are we supposed to get from this old article?

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  2. 13 hours ago, MyLadiesDaddy said:

    https://watcher.guru/news/brics-8-banks-ban-u-s-dollar-transac

    BRICS: 8 Banks Ban U.S. Dollar Transactions

    Vinod Dsouza
    February 7, 2024
     
    new brics countries flags
    Source: Getty Images

    Iraq is moving in tandem with the BRICS philosophy as it banned eight banks from initiating transactions in the U.S. dollar. The Middle Eastern country is cracking down on the U.S. dollar months after it banned all cash withdrawals in the currency. Eight local banks are banned from accessing the daily U.S. dollar auction conducted by Iraq’s Central Bank. The local banks will no longer have access to the U.S. dollar reserves the country’s Central Bank holds.

    Also, the move plays straight into the BRICS playbook where the alliance aims to stall the growth of the U.S. dollar. Read here to know how many sectors in the U.S. will be affected if BRICS stops using the dollar for trade. Moreover, Iraq is struggling to control the black market transactions of the U.S. dollar that’s hampering its native economy.

     

     

    BRICS: Why Iraq Bans U.S. Dollar Transactions?

    Iraq Flag brics Source: a-z-animals.com / Shutterstock

    Iraq aims to control the fluctuating black market exchange rate, that has been plaguing the country for long enough. However, its main source of hard currency is heavily import-dependent and has become the main point of a U.S. crackdown on currency smuggling to neighboring Iran.

     

    The eight banks that are banned from U.S. dollar transactions in Iraq are:

    1. Ahsur International Bank for Investment
    2. Investment Bank of Iraq
    3. Union Bank of Iraq
    4. Kurdistan International Islamic Bank for Investment and Development
    5. Al Huda Bank
    6. Al Janoob Islamic Bank for Investment and Finance
    7. Arabia Islamic Bank
    8. Hammurabi Commercial Bank

    Also Read: BRICS To Build ‘Credit Rating Agency’ to Counter US Dominance

    Banning U.S. dollar transactions in the BRICS style will also strengthen Iraq’s local currency, the Iraqi Dinar. Additionally, Treasury spokesman said to Reuters, “We commend the continued steps taken by the Central Bank of Iraq to protect the Iraqi financial system from abuse, which has led to legitimate Iraqi banks achieving international connectivity through correspondent banking relationships”.

     

    https://watcher.guru/news/brics-8-banks-ban-u-s-dollar-transactionshttps://watcher.guru/news/brics-8-banks-ban-u-s-dollar-transaction

    Bump

    • Thanks 1
  3. 44 minutes ago, Luigi1 said:

     

    Quit possibly MIA.

    Adam...where are you?

    It is baffling to me how people on this site miss/disregard postings.  I realize some hop on for a minute and look at the latest posts.

     

    I refer you to the post @tjokie made recently.

     

    Also, I recommend members go to the Activity tab, scroll through all the music videos/silly memes posts and read what is going on.

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  4. 17 minutes ago, utah rock said:

    So you only know your point of view, your truth and without knowledge of other ideas, claim yours to be truth? What happens when confronted by someone who has a different truth and is just as ignorant as you are about your truth? Do you believe in freedom, or do we all need to come around to seeing the world the same way you do?

    You'd better come to my way of thinking.  Jesus is The Way.  Every knee will bow and every tongue will confess Jesus is Lord.  You will do it at some point.  There is a heaven to gain and a hell to shun.

     

    I agree about moving on.  The Bible also said to not feed your pearls to swine.

     

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  5. 1 hour ago, utah rock said:

    What other religions are you familiar with like you are familiar with the Bible? How do you know your truth is THE truth? Why hasn’t the rest of humanity seen the truth like you?

    Because when you get saved, you receive the Holy Spirit and begin a relationship with Him.  Those who don't know Him can't comprehend the joy of it.  That is why we are passionate to get people saved - not to argue doctrine with them (although the Bible tells us to defend the faith).  The more you seek Him, the more real He becomes to you.

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  6. 1 hour ago, utah rock said:

    That is one truth, but in America (for the time being), there is an idea the we are free to believe in a verity of truths. Also, I would warn against using Jesus as a point of reference unless you can back up the ideology of love, when he died for you he did not take up arms, he did not belittle his oppressors, he did not blame others. Be careful of the hypocrisy, love is unconditional, nonjudgmental, Jesus is what is missing in America. There was a time our country had faith and didn’t live in the fear we see today. 
    lol, actions not faith, what really matters? I don’t believe in what you believe, I believe in freedom, I believe in love and don’t need a book to remind me what is right or wrong. And Trump lies, he is not a good person, “grab her in the pu$$y”, attack the foundation of our republic (voting) instead of working towards fixing it and so much more. 
    I must get off this vibration and am done. Hope this was enough to change your mind, lol.

    GO RV!!!!

    You need to read the Bible.  Jesus called them vipers and snakes.  He threw out the money changers.  Jesus is not only judgmental, HE IS THE JUDGE.

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  7. 21 minutes ago, utah rock said:

    The Bible is a book handed down by the Roman Catholic Church in the year 1611. Do you know what some of the other predominant beliefs were at the time? Do you know any other religious belief or is the one you know the only truth? Don’t quote the Bible as you evidence, sad! 

    Jesus died for you.  

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  8. 4 minutes ago, utah rock said:

    That’s the problem with the righteous religious, right, they believe that faith is what matters, not their actions. 

    King David used deception.  God did not rebuke him.  In fact, He called him a man after God's own heart.

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  9. 54 minutes ago, Dinarrock said:

    Sorry not a believer in your source he would in no way have this information no one does! Yes he may have been correct about some things in the past but I bet he never gave you the heads up at anytime the currency changed or what the rate would be over the past years??!!

     

    However I too have been invested for 20 years and seen all kinds of gurus and sources come and go and yes some were right on a few things. I also just spoke with a friend who will remain nameless that used to post here many years ago that I haven’t  spoken with in a couple of years. This person believes we should see this possibly this month possibly. This is not from a contact or source, it’s a belief in God’s will and a vision that she has been given!

    Dang, now I'm going to spend the rest of the day trying to figure out who you're talking about 😄

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  10. 3 hours ago, Rmc10 said:

    I lost my password and Julie got me back in so I am assuming someone is still running things or I would have never been able to get back in. Missed you guys. ♡

    Great to have you back.

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  11. 1 hour ago, BETTYBOOP said:

    How was kerry dealt with???

    There are and have been military tribunals taking place.  He is either alive at Gitmo or eliminated.  Look up Dr. Jan Halper-Hayes and watch her videos.

     

    This is not new.  It's been being discussed on this site for awhile.  Had not heard of Kerry, though

     

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  12. 19 minutes ago, md11fr8dawg said:

    If you don't mind me asking Screwball, where are you getting this arrest and death info?

    To be honest with you, I don't know how anyone could not know.  If you follow Truth Social at all, you will pick up on it.

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  13. 1 hour ago, screwball said:

    Did anyone remember bill burbanks?former board member of Bank of America? Was also big into warka! Bank of America also sold Dinar over the counter if people remember! 

    I don't remember him.  What about him?

     

    Didn't know Bank of America ever sold dinar.  I got my initial dinar from Bank of Oklahoma before they stopped selling it.

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  14. 5 minutes ago, BETTYBOOP said:

    Do you mean Senator John Kerry?... that's interesting. If it is a scam why would any politician hold millions of the stuff?

    Breitling said years ago every congressman (except Rand Paul) had dinar.  He said they knew it wasn't a scam.

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  15. 13 hours ago, screwball said:

    If they are serious it will be first up…

     

    8 hours ago, Longtimelurker said:

    This could be huge. I imagine the oil and gas law is close to being completed by now so hopefully it's a quick turnaround. Let's go Iraq 🇮🇶 💪 🙌 👏 

    Remember, Adam said he expected the RV/RI within hours after passage of the HCL.

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