Luigi1

Here's an article of Dinarian interests... Some Iraqi banks close, others refuse to return customer deposits. Treat as a rumor. Not verified. Your opine. FROM IRAQI SOURCES: The Closure Of Most Private Banks & Fears Of A Liquidity Crisis Amid Citizens Anger. ARTICLE: Today, many banks in Iraq witnessed a state of chaos & tension after their sudden closure, which raised widespread concern among citizens, especially with the emergence of reports of some other banks refusing to return customer deposits under the pretext of a lack of cash liquidity. This development prompted many citizens to quarrel with the managements of the banks that remained open, in light of mounting fears that the officials of these banks would flee after emptying them of funds. Banks That Closed Their Doors Include: World Bank. Assyrian Consumption. Consumption Of Babylon. Al Ansari Bank. Middle East Bank. Holding Bank. Noor Bank of Iraq. Trans-Iraq Bank. Al Huda Bank. Mosul Bank. As for the banks that remained open, but refused to return customer deposits under the pretext of a lack of liquidity, they include: National Bank. Consumption of Baghdad. Development Bank. Hermit Bank. South Bank United Bank. Union Bank. Spectrum Bank. This sudden closure comes amid reports of financial turmoil hitting the banking sector in Iraq, as many customers expressed their fear of losing their money amid increasing rumors about the intention of some bank officials to flee outside the country after withdrawing financial assets from the branches.

Here's another from Militia Man...a real effective ER... Militia Man. A Real Effective ER.. ARTICLE: A new [financial] system that is fast and effect – digitally. Hopefully they’re talking about they’re going to have to have an exchange rate to do that. A Real Effective Exchange Rate gets them across borders. From here on out a different playing field, a digital playing field. I think that’s where we are. I think it’s really powerful information.

MarkZ Update- Some highlights by PDK-Not verbatim. Dragon Bonds. THREAD: Member: Good Monday Morning fellow RV’ers. Member: Another week of hoping……another day older & deeper in debt. Member: Still hopeful this week. Member: Mark- How are you feeling about this week? I feel like I ask this every week…Groundhog Day. Member: Have anything good today Mark? Are the goal posts moving again? MZ: I do not believe our goal posts are moving…..i believe things are funneling quickly in the right direction. MZ: in Iraq…This is a great repeater….”Sudani chairs meeting to review financial reforms-stresses prosecution of speculators” They are going after speculators…….with the financial reforms this is important. MZ: “ Al Sudani directs to continue simplifying banking procedures and prosecuting speculators” and “Supporting the local economy the government takes a series of decisions and measures to activate the role of the private sector” This is non oil revenues MZ: Right now it’s the Monday Morning blues as we wait to get some bond updates to see if they are still on track with expectations of spendable dollars tomorrow. Member: What kind of bonds did the contact have from last week-specifically. MZ: I can’t be to specific in case it gets them in trouble…but, it’s a German bond. I have not heard they were moving forward yet with Dragon bonds. Member: German 1924 comes first , then the dragon bonds , I can not say more.Member: How are you gonna hear anything from bond people when they immediately go under an NDA? Member: They can at least say they are under an NDA…..we guess the rest. Member: If it’s a shotgun start…..Bonds cannot go until we get notifications….imo. MZ: From the banking side I did get one from someone who works in wealth management. They said “We would not be doing this level of preparation if we weren’t close”. In other words they sould not be working weekends or throughout the week at this level if we were not close. They wouldn’t give me what to expect date-wise…but I find that encouraging. Member: Close. There’s that word again. I think I’ll ban that word forever at some point! Member: I just got an email from my Chase bank regarding a appointment with a wealth manager MZ: Isn’t that crazy….They are chasing people even if they only have $30 or $40 dollars in the account. Maybe they know they have currency and are preparing for something. Member: I heard there will not be 800 numbers. MZ: There will be plenty of 800 numbers….not just one magical one the whole world uses. Member: Different zip codes, states and countries will have different numbers is what I heard….thats why we will be asked for our zip codes when we set our appointments. Member: Will all the banks have the same rates? MZ: All the redeeming or qualified exchange banks will have the same rates is what I was told . If someone walks in to a teller right off the street….they should get street rates. Member: I am resigned to waiting for our RV until after the election……stepping off the roller coaster today. Member: Mark, hearing any chatter from your Iraq contacts regarding the IQD rate being announced publically soon? Member: there is still a chance Iraq goes alone……that would bring relief to millions if they do. Member: We need our freaking RV so we can help and start changing this country!!!! Enough waiting! Member: Pray for Florida, Pray GOD stops the hurricane. Member: thanks for News Mark and sending prayers to Helene suffers.

Actual US debt is at $100 Trillion. $70 Trillion goes un-reported.

Here's an article of Dinarian interests... A new, real effective ER? This is a very long read but is worth your while. Treat as a rumor. Not verified. Your opine. Militia Man: Extensive Updates: ARTICLE: The government takes a series of decisions & procedures to activate the role of the private sector. The headline alone should tell you that. They’re talking about activating the private sector. That means the private sector is different because, Iraq has always been in oil, rent, if you will, economy, not a market economy. So what they’ve done is they’ve went from or going from that rentier source to non oil revenue streams. And so they’re doing that as the private sector. The private sector is going to come in and take partnerships in either banking, in the reconstruction of the country, all the different things you can imagine. Private sector dealing with electricity & energy, water, agriculture, all of it. So here it says the supporting the private sector & creating jobs, job opportunities or priorities confirmed by the government of PM Mohammad Shia al Sudani. There’s plans to invest this role in the sectors in diversifying the economy, reducing dependence on oil & contributing to creating sustainable development. You’re going to see names like the IMF, International Monetary Fund, the Bank of International Settlements, the BIS, you’re gonna see the World bank, you’re gonna see the WTO, the World Trade Organisation. They all talk about sustainable development. That’s what Iraq needs to do, is they’re gonna diversify from what oil. They’re gonna add in all the things that we have been talking about. They’re talking about sovereign guarantees. In other words. It’s almost like a win win situation for investors. So if any of you out there want to be an investor in Iraq & you have what it takes, I would suggest you pick up the phone & get a hold of your chamber of commerce, international Chamber of Commerce, or the United States Chamber of Commerce & see what they have to offer, because they have sovereign guarantees, it says the private sector. The Triannual Budget, which is a Tripartite Budget, is to support the establishment of laboratories, factories, establishment of agriculture projects, put forward a new vision to grant the private sector to achieve. They’re doing this to help others achieve reform efforts and their own efforts, & to activate laws that are enforced to take care of who workers in the private sector. They go on to say, April 7, for instance, up to 2024, this, as April 7, there did an approval of issuance of investment & partnership instructions between the public & private sectors for the year 2024. So they’ve done that already based on the provisions of the Constitution, the Federal Budget Law of the Republic. The three fiscal years. We know that they’ve done that. That’s beautiful. It says here what they’re doing is they’ve made several decisions. To support the private industrial sector. So they’re not just talking about the commercial side, they’re talking about industrial stack. What is that going to be like? Steel, phosphates, sulphur, all those things. Minerals, everything. for instance, in 2023, that they talked about the framework of developing and supporting the national industry. They’re talking about dry gas. Committee for investment for projects. The commitment of the Ministry of Oil to allocate & equipment new industrial projects. Plan to establish the partnership between the government & the private sector. Who’s involved? Ministry of Industry, Ministry of Minerals. What are they talking about? Dry gas. So next thing is they’re talking about the framework of the government’s vision of economic reform in revitalising the investment & development movement in the country. The Council of Ministers approved them in August 2023. The national strategy for bank lending. So they’re talking about the banking sector. What else? Attracting local & foreign investors to increase what credit granted to it from what non oil revenue streams. GDP out to win 2029. 2029. They’re forecasting. They’re launching a new industrial initiative to promote the sectors. They are talking about many industrial sectors. So it didn’t quite go into isolation of any specific one, but it says here, the iraqi doctor company, private sector, the Saudi northern cement industry. So there’s another sector. The private sector’s partnerships in the field of cement is going to be really big, I mean, think about all the concrete they’re going to use for all the foundations for the new buildings, new industrial cities, the residential complexes. You see what they’ve been doing? They set the stage. This was over. This is last year, 2023, not 2024. And 24 is almost over. Okay, so it says here that during this visit, in this particular case, back in April 2024, the prime minister decided to involve a delegation from the private sector and iraqi businessmen in visiting delegations. During the visit, the PM also sponsored the signing of similar memorandums of understanding between the iraqi private sector & the american companies in the fields of energy & pharmaceutical industries. That was back in April of 2024. So as you can see. Where are we now? They put this articles out just today. You guys were yesterday. I’m sorry. July 20, the prime minister opened four factories for the military Industrialization Authority. This is for Iraq. Including the electric vehicle production factory at the General war Industries company. Partnership with who? Private sector. Then, I mean, it goes on. And they’re talking about other countries. Egypt, for instance, Jordan, iraqi, Jordanian. They’re all having, look, everybody knows that Iraq is going to be the financial. Well, it said back in September of 2023, around this timeframe, that Iraq was going to be effectively the saviour of the international financial system, is going to provide, bring what confidence to the financial system in the largest banks in the world? They’ve been working on this to do what they said they were going to do. The Ministry of Transport signed September 3, 2023, an agreement with the international Financial Corporation, which is what related to. I think that’s the World bank. To rehabilitate & develop Baghdad International airport. The international Finance Corporation included consulting with development of the role of private sector in enhancing its entry into the public services arena. Partnership with the public sectors facing future challenges. Look, the list of accomplishments under Al Sadani & his teams is nothing but stellar. They’ve been hard at work at setting the stage for international cooperation & coordination with the private sector. It looks like the foundation is now in place & will be holding & will be a strong footing for Iraq to start on. Let’s look forward to seeing this real effective exchange rate that will have to be applied at some point in time here in the near future to make sure that this gets that footing is indefinitely in cement. So digital banks, digital transformation. Here’s the article, the next phase of digital transformation in the egyptian sector. I just mentioned Egypt. It says, with steady steps the CBI continues to implement the banking reform strategy. One of the main objectives is which to achieve digital transformation in the banking sector. This dates back to as early as they started this process in 2017, it says, which included the first, second & third stages that far back. Right. So during the past two years, Al Sudani has been in office. Cooperation between the government with the personal support follow up of the PM & the CBI was a fundamental step to activate & accelerate the digital transformation in the government & the transition from a cash economy to a digital economy. They go on to say that the developing information technology, by developing information technology, establishing digital banks, using artificial intelligence in the banking services & using modern technologies & loans, compliance, risk management, combating money laundering, terrorist financing & combating banking fraud, all of those things. The results during 2023 2024 recorded what they call a qualitative leap in the volume of transactions & electronic payment operations & the use of modern banking technologies. The banking reform now entered a new phase of transformation to the digital banks. The CBI is currently examining auditing about 70 requests to licence new digital banks according to the precise controls & conditions adopted by the CBI. It says this constitutes a real & promising start for technical banking development in Iraq, bridging the gap of other countries of the world in this field. This facilitates the provision of smart banking services, reduces the chances of fraud and corruption, and provides important data on the nature of those transactions, their control and compliance. well, doesn’t that sound like the blockchain is about ready to just turn on? It says therefore, digital banks are in an a new stage of digital transformation & banking reform. They hope that the CBI will soon take the first step by licencing digital banks that show, through examination, audit study, that there are committed to the applicables controls & conditions. So if they pull that off, guess what? They’re probably going to have to be the ability to do transfers, electronic transfers. It says, will Iraq resort to reducing expenditures to cover the Budget deficit? This article is from an advisor, Mohamed Mohammed Mahar Muhammad Saleh. He’s the advisor to the PM, Shia al Sudani. Today, on Oct 5, which is actually yesterday on the possibility of the government resorting to reducing expenditures in order to cover the Budget deficit & the lack of liquidity. So the article just basically goes on & just says, Soleil points out that there’s a government hedge according to the law, number 13 of the Budget & this law hedges against an economic crisis. But the deficit is hypothetical. So hypothetical obviously is not real & it does not necessarily happen, but it gives flexibility to the financial liquidity. That’s the key there in securing assumptions or things to confront external clashes or crisis that may occur here and there. It says the Iraqi General Budget tables for the year 2024 faced objections & controversy due to the reduction of the investment budget for the 15 governance that do not belong to the region after the federal government approved them in June of last year. So they’re just flat out telling you that they have this approved, that it was done already. Parliament approved the country’s draught General Budget for the three years 2023 through 2025. They give you the, the amount of money that they did this. So obviously they have it in place. What we haven’t seen yet is the exposure of that 2024 Budget on the investment side. You know that in what we’ve read in past time and today a little bit, they talk about the 2024 Budget & they’re going into the international world. With who? The private sector. How are you going to do that without having Budget? They haven’t exposed it yet. When are they going to do that? My understanding is in of how they do things is that they have been working to that effect & they have to have probably everything in order for them to be able to, at a very critical time do that and show it. They are showing us that based off some of this information & all we’ve had for the last few weeks, talking about delete the zeros, talking about all those different items & going international, you can see that this is probably what they’re talking about now because they’re talking about the 23, 24, 25 Budget right there & they’re talking about, they’re talking about digital transformation. They’re talking about projects & what else are they trying to tell us? They’re telling us that they’re going to pay salaries and such and then what are they going to do? They’re going to do it on electronic cards or they’re not. It says, why have the salaries of the region’s employees not been localised? Yet now, when they say localised, what does that mean? It means that the federal government is going to pay the Kurdistan region’s portion of what they deserve to the citizens directly away from the Kurdistan hands. In other words, it’s going to go from the federal government to the people, not only in Baghdad, in provinces, but all provinces around the world. All salaries. If they’re government oriented, they’re going to get paid. That’s how they’re going to do it. Why didn’t you read there was 40 million cards issued? We knew about that & it was in print month or two ago. Now that they reiterated it. So it says the framework parties are preparing for the upcoming parliamentary elections in 2025. They’re. Who are they? I think they’re talking about the Kurds, but I think they’re having an election on the 20th of this month. It says a new alliance to form the next government with the main ruling kurdish parties. They’re distancing themselves from the problems of the region’s employees salaries so as to not clash with those parties in the region. It says the main reason for the Kurdistan regional government not localising the salaries of the region’s employees is the fear of the main parties in the region, that employees in civil, military & security institutions will be released from the grip of these parties & the people’s lack of interest in these parties after their source of livelihood was liberated by localising their salaries directly from the iraqi state. So in other words, all of a sudden there could be a shift in the thought process. Since you’re not holding me hostage with my salaries, the government of Baghdad effectively is going to have control of my money. They may not be so open to be voting for certain parties. That’s what they’re telling you. Especially with the recent clarification issued by the federal Supreme Court, which confirmed that its decision regarding the localization includes all banks licenced by the CBI operating in the Kurdistan region. Basically, as far as my view is concerned, the Kurds better get ready in taking care of the citizens & fairly from here on out, or they will not likely fare very well politically. The localization of salaries in the hands of the federal government, in the unified treasury account, on their national cards, will be very effective in levelling the playing field. It should, it really should. Accurate accounting of who gets paid will be very telling & likely very different than the past. So the next article is fascinating too, is Kurdistan’s finance announces the deposit of salaries in Soleimania employees in their accounts. This is today. This was hours ago. This is fascinating. Ministry of Finance & Economy of the Kurdistan region of government announced on Sunday the deposit of the salaries of some Soleimani employees in their bank accounts. A statement from the ministry seen by the news explains that many employees received sms messages stating that their salaries had become available, enabling them to withdraw them from the ATM’s. The statement stressed the importance of this step in facilitating the disbursement of salaries, especially in light of the financial challenges facing the region. And yes, they have some financial challenges because if they’ve been stealing money and they haven’t been paying people on time, and now they’re going to get it on time. This comes after periods of delays in payroll which have been alarmed, which did and have alarmed the employees in the region. So, they’re going electronic. Sms, textures, text. Text messages are telling people that their salaries can be accessed where? At ATM machines. They can withdraw money from the ATM machines. Are they going to have the same exchange rate now? It’s electronically being taken care of. That’s what we’re looking for. The Ministry of Finance discloses the opinion of board the development of financial performance and confirms the implementation of the recommendations of the Council of Ministers. That’s the headline of that. The Ministry of Finance discusses with the opinion board the development of the financial performance & confirms the implementation of the recommendations of the Council of Ministers. So they have an opinion board basically on development & performance and that it’s being confirmed that there’s an implementation of the recommendations of the Council of Ministers. So they’ve done something. Who’s involved in that? Well, the Ministry of Finance. Who’s she? Miss Tafe Sammy. She chaired a meeting Sunday today. On this board, the meeting addressed the emphasis on implementing the recommendations of the Council of Ministers & the emphasis on continuing the tireless efforts & then providing the capabilities within the framework and implementing financial & strategic plans. Including what? Automation, digital transformation, the use of modern electronic systems & improving the reality of the work to provide optimal services to citizens. They’re clearly letting us know that they are implementing the recommendations of the Council of Ministers. They’re telling the citizens that are providing the capabilities with the government’s framework to develop the financial performance. They were talking about also what? Implementing financial and strategic plans, including automation, digital. The digital transformation of what? They’re using modern electronic systems. Does that sound like they’ve got something new? Could that be the electronic payments that are going to be digitised, which are going to be part of a new, real effective ER? Yes. So just as they sent those text messages to the citizens informing them electronically it’s, they are, that they have paid the salaries. Now the question is going to be when do those electronic payments clear? Digital clearing can be pretty fast. So do they have time frame on it? Is it set for today? Is it set for tomorrow? Are we going to hear from Alak? Are we going to hear from Al Sudani about that 2024 Budget? Are we going to talk about what did the Supreme Court said? The Supreme Court was just mentioned here tonight. What did they say? What is it that everybody’s waiting for? Was there an action taken by the Supreme Court because they invoked it in one of these articles? I would suggest that it’s possible that they have, they don’t always tell you everything. The Ministry of Judiciary is missing 4782 still. Well, at least as of yesterday, to the best of my knowledge. Why is that the real effective ER that they’re dealing with, is that something that’s in there that’s allowing them to now, obviously now send out text messages? Let’s see if Alalak & Al Sudani, Tafe Sammy, Ministerial Council of Economics breaks out with what we’ve been waiting for. Let’s see what happens.

Here's an article of Dinarian interests... This will be the monetary reset. This is just one man's opinion. Treat as a rumor. Not verified. Your opine. The Young Pretender: This Will Be The Monetary Reset. ARTICLE: This will be the monetary reset. Better that it’s controlled like this than chaotic. Though it will happen either way. Those that think the reset is a choice, and the authorities could instead choose to continue the old FIAT system in which they are vested, don’t understand the impasse that has been reached. BigB97689398: The bottom-line the Great Reset is about One World Goverment led by unelected WEF Officials citezens will more like serfs. Own nothing & be happy restricted travel unless your an elite. There won’t be a one world government, just greater collaboration. The alternative to that is never ending conflict & war. BigB97689398: That is one reason why they want War to make the fault of the default from Russia & not financial mismanagement. It is all part of plan hatched by the WEF then the Great Reset. But it is not quite working out right now. I think blame for the reset will fall on the US public for allowing themselves to form two deeply opposing groups, unremittingly at each other’s throats. It will hopefully be their wake up call to stop squabbling & accept their new reality in the world. LUIGI'S TWO CENTS WORTH: A few words of encouragement. We were warned of the chaos right before the event & here it is. The CABAL has pitted one group against the other. This is a one & last ditch effort to cling to power. It is by no accident we are so divided & are fighting among ourselves. They want to weaken, divide, then conqer via mass confusion & lies. Stay alert, don't fall for their evil schemes. Those that endure to the very end, WINS. KEEP THE FAITH. IMHO.

Sandy Ingram The Untied States hold 35 billion Iraqi dinars. An increase in value of the IQD will go a long way in paying down the US national debt. Agree. The US does hold IQD. The 35th billion I'm not so sure of. If true, would the Feds make this figure public knowledge?

F26 yesterday claimed CBI was educating the citizens, again. We are either close or the Gurus are running out of rumors. Take your pick.

Here's sme articles of Dinarian interests... Once again, we have no evidence in the mosques & on Iraqi TV. Treat as rumors. Not verified. Your opine. Ray Rat via Babysmom: From The Mosques. ARTICLE: WAITING TO HEAR WHAT HAPPENS WHEN THE MARKET OPENS AT 5PM EST TODAY, HEARING INFO FROM BAGHDAD (FROM MOSQUES) ABOUT POSSIBLE RATE CHANGES, WAITING TO GET CONFIRMATION. FRANK26 via Iraq-Boots-On-The-Ground Report via FIREFLY: On Iraq TV. ARTICLE: We seeing in TV a special report show saying what if 1000 dinars became 1 Dinar. They talking about deleting the zeros again. They’ve been showing this all day. They just repeat it over and over again. And they’re saying it’s all tied to the reforms. They talk about all the good & some of the bad…We never seen them talk like this before. FRANK: These are the commercials we talked to you about that were going to be educating you on the purchasing power…They are telling you they lifted 3 zeros from the exchange rate in order for that 1,000 note to become a 1 note…They are not lifting the 3 zeros from your physical cash.

Here's some articles of Dinarian interests... The Dinar Collapses Against The Dollar. 140 Days Of Holidays Affect The Economy & Daily Life? Economist: Oil Prices Could Rise To $200 If War Expands. Our Revenues During 7 Months Of The Current Year Exceeded One Trillion Dinars. The Legality Of Imposing Taxes On Citizens & Sends A Message. Treat as rumors. Not verified. Your opine. From Iraqi Sources: The Dinar Collapses Against The Dollar. Is The Specter Of 1600 Looming On The Horizon? ARTICLE: (URGENT) The Dollar price witnessed a noticeable increase against the Iraqi Dinar during the past few days, as the ER reached 1,550 Dinars per US Dollar. This increase has raised great concern among economic & popular circles due to its direct impact on the local market &on the standard of living of citizens. Economic analyst Munar Al-Abidi explained that there are a number of reasons behind this rise in the US currency against the Dinar. One of the most prominent reasons is the decline in transfers of other foreign currencies, such as the UAE dirham & the Chinese Yuan, as a result of the significant restrictions imposed by correspondent banks that are in the process of strengthening the balances of these currencies. These restrictions directly affected the fluidity of transfers & weakened the possibility of obtaining other foreign currencies on which the Iraqi economy depends. In addition, the Citi-Pilot project faces clear challenges, as the banks participating in it are reluctant to open new accounts for operating companies, as their dealings are limited only to companies with which they have previously dealt. This limited approach reduces the ability to use these banks as channels for external remittances, increasing pressure on the US Dollar & limiting the availability of alternatives. The current currency exchange mechanisms were unable to cover the increasing demand for foreign currency, especially for the purpose of importing some of the most valuable goods, such as mobile phones & gold, which prompted importers to resort to the parallel market & contributed significantly to increasing pressure on the Dollar & raising its price in the local market. Expectations indicate that the decline of the Dinar against the Dollar may continue during the coming period. If practical measures are not taken to address these issues, the ER could reach 1,600 Dinars per Dollar in the coming months. In order to address this challenge, there are several solutions that can help calm the situation. One of these solutions is to increase the network of correspondent banks around the world, especially in the UAE & China, which could help facilitate remittances and increase the flow of foreign currency into the country. The solutions also include controlling financial policy by limiting the import of some goods that contribute to increasing demand for the Dollar, in order to reduce pressure on foreign currency. Pressuring banks under the Citi-Pilot project to be more open could help accept a wider range of customers, which would help ease pressure on the Dollar & diversify the channels available for remittances. In addition, it may be necessary to temporarily ban the import of some goods to reduce the demand for foreign currency until more organized & smooth solutions for the foreign transfer process are found. The rise in the Dollar ER against the Dinar is the result of a combination of economic & financial factors, including weak banking infrastructure, difficulty in accessing remittances & increased demand for foreign currency for import purposes. The current situation reflects major challenges that require rapid & effective action from the Iraqi government & the CBI to restore stability to the financial market. Hidden Costs”: How Do 140 Days Of Holidays Affect The Economy & Daily Life? Reports indicate that the financial costs associated with development projects increase significantly as a result of official & unofficial holidays that affect the workflow. According to recent data, the number of annual holidays reaches 140 days, causing delays in project schedules & increasing operational costs. This large number of holidays requires a re-evaluation of the work schedule to ensure that economic goals are achieved within the specified dates & budgets. Today, Thursday, economic expert Nabil Al-Marsoumi revealed the financial costs of holidays in Iraq, while confirming that their total is 140 days. Al-Marsoumi said in a post on Facebook, “The total annual salaries of employees and others amount to 90 trillion Dinars,” indicating that “the total number of Fridays & Saturdays is 104 days per year.” He added, “The total number of official holidays in Iraq, excluding special holidays, is 16 days, while the total number of unofficial holidays is approximately 20 days, while the total number of official & unofficial holidays is 140 days.” The expert continued, “The number of actual working days per year is 225 days, while the daily cost of official & unofficial holidays, including Fridays and Saturdays, is 246 billion Dinars,” stressing that “the annual cost of official & unofficial holidays is 34 trillion Dinars.” He pointed out that “the annual cost of official & unofficial holidays, except for Friday & Saturday, amounts to approximately 9 trillion Dinars, while the annual cost of unofficial holidays amounts to approximately 5 trillion Dinars.” He pointed out that “Iraq is the first country in the world in terms of official & unofficial holidays & it is the highest in the world in this, while there are 8 official holidays in England & Wales.” He believed that “both types of holidays cause huge financial losses to Iraq, especially unofficial holidays that are granted for various reasons, including rain, high temperatures & visits. This loss in unofficial holidays is equivalent to the annual budget of Syria,” recommending “restricting the authority to grant official & unofficial holidays to the Presidency of the Council of Ministers.” Every year, on October 3, Iraqis celebrate the Iraqi National Day, which marks the declaration of Iraq’s independence from the British mandate & its accession to the League of Nations in 1932. Economist: Oil Prices Could Rise To $200 If War Expands. Economist Nabil Al-Marsoumi predicted on Friday that oil prices will reach nearly $200 per barrel if the war in the region expands to include the Gulf states, especially if Iran closes the Strait of Hormuz, which will lead to the interruption of the flow of about 20 million barrels of oil per day to global markets. In an analysis published by Al-Marsoumi, he spoke about two possible scenarios for the upcoming oil war: 1. The 1st possibility: Israel targets Iranian oil export outlets, especially Kharg Island, through which 90% of Iranian oil exports pass, which means removing 1.5 million barrels of Iranian oil per day from the market, which will raise prices by about $5 per barrel to reach $82. But this scenario will cut off the most important sources of funding for Iran. -In this case, **OPEC Plus** is likely to intervene & cancel voluntary & mandatory production restrictions to compensate for the loss of Iranian oil, which may lead to a decrease in prices & their return to the $70 per barrel range. 2. The 2nd possibility: The war expands to include oil pumping & export stations in the Gulf, which will affect Gulf oil exports, especially Saudi Arabia. In this scenario, oil prices may rise to levels exceeding $100 per barrel. Al-Marsoumi also pointed out that Iran had previously confirmed that it would prevent oil exports from the Strait of Hormuz if it was prevented from exporting its oil, indicating that closing the strait would mean the interruption of about 20 million barrels per day of global supplies, which could push oil prices to levels of up to $200 per barrel & the export of Gulf gas shipments passing through the strait would also be affected. Al-Marsoumi concluded his analysis by pointing out that any Israeli strike might focus on targeting Iranian oil facilities, especially refineries, which could lead to the withdrawal of between 300 & 400 thousand barrels per day of Iranian exports. However, he stressed that this loss may not have a significant impact on global oil prices, especially after Libyan oil production levels return to normal. Customs: Our Revenues During 7 Months Of The Current Year Exceeded One Trillion Dinars. The General Authority of Customs announced, on Thursday, that customs revenues exceeded one trillion Dinars during 7 months of the current year 2024, indicating that it is about to implement real reform measures that will positively affect the level of revenues. The head of the authority, Hassan Al-Akeili, said in a statement reported by the official news agency, and reviewed by “Al-Eqtisad News”, that “customs revenues during the year 2022 were 807 billion Dinars & in the year 2023, revenues rose to one trillion & 33 billion, an increase of 28%, while the current year 2024 & until last July, revenues reached one trillion & 145 billion Dinars.” He pointed out that “the Authority hopes that revenues will reach 2 trillion Dinars by the end of this year, although the current rate is still below the level of ambition,” stressing that “the Authority is about to implement real customs reform measures that will positively affect the level of revenues.” Al-Akeili added, “The estimated amount of the authority’s revenues in the budget is 2 trillion Dinars & we are on track to reach it by the end of the year.”- Parliamentary Finance Clarifies To “Alsumaria News” The Legality Of Imposing Taxes On Citizens & Sends A Message. A member of the Finance Committee revealed Mustafa Al-Karawi, on Friday, discussed the legality of the taxes imposed by the government on citizens & employees, while pointing out that the government should start with goods taxes on merchants & companies. Al-Karawi said in an interview with Sumaria News, “The tax section is considered one of the sections supporting non-oil revenues. ”Mission“ The government must work on it,” he said, indicating that “the government must start with goods taxes on merchants & companies, not with the poor citizen & employee who is demanding an adjustment to the salary scale & an increase in his specializations in light of the rising price of the Dollar.” He considered “taxes a good step”, pointing out “the need for direct support and interest in taxes, but the categories covered by taxation must be specified to avoid public discontent & greater burden on the citizen”. He added: “We hope that there will be a clear plan from the government & a program to increase taxes through sectors that are considered to have high capital to avoid affecting the common citizen”. Regarding the legality of taxes, Al-Karaawi explained that “the tax law exists, but many of its provisions are not implemented & there are texts in the Budget that indicate the possibility of collecting taxes from employees, citizens or companies”, stressing: “There must be priorities in collecting these taxes & the most important thing is that there be real support for the tax sector, so that the citizen is not harmed by them”.

Here's an article of Dinarian interests... ISX In Partnership With The U.S. Company Nasdaq OMX. Treat as a rumor. Not verified. Your opine. Mnt Goat: ISX In Partnership With The U.S. Company Nasdaq OMX. ARTICLE: In this period of news again we read yet more about one of the Pillars of Financial Reform, namely the Stock Market this time. There is a really informative article by the Iraqi securities commission explaining the work still to be done to accomplish the reforms necessary in this area of reforms. You can read it in the articles section as titled “SECURITIES COMMISSION: A STRATEGY TO TRANSFORM IRAQ INTO A REGIONAL INVESTMENT CENTER”. As part of its financial reform efforts, Iraq’s Cabinet has approved the allocation of 4 billion dinars [$3 million] to the Iraqi Securities Commission for the modernization & maintenance of electronic systems used for stock and bond trading. The project, exempted from standard government contract procedures, will be executed in partnership with the U.S. company Nasdaq OMX. Yes, these reforms are to progress the Iraqi Stock Market to a high level of stability. Did I just use the term “stability”? So, today we read that Iraq announces the launching of a new website of the Commission, indicating that “this event represents a milestone in the path of developing the investment infrastructure in Iraq.” We as investors can see that these reforms have come a long way in the Securities Commission to transform this vision of an Iraqi Stock Market into a tangible reality that serves all investors within the framework of the government’s plans & under the auspices of PM Mohammed Shia Al-Sudani. They also tell us that this effort is working to transform the Iraq Stock Exchange (ISX) into an integrated electronic system that provides all citizens & investors with greater opportunities to participate in investment in a safe manner. The key word here is “safe” as they told us in their past news that corruption also plagued the ISX & a major contributor keeping many potential investors away form it. As investors in the IQD, we can now clearly see that this must be addressed too prior to any reinstatement of the Dinar on the currency exchanges. Do you see it too? So, we must keep an eye out on these Pillars of Financial Reform as they will guide us to the RV. I have also had confirmation from my CBI contact that I am seeing these reforms within the correct light & should continue. I was also told that these reforms in the ISX are not going to drag out & the plan is to accomplish them in the next few months, prior to the end of the year. Comment by Rich Demaio: I have been following you since I got into this investment. While I find some of your comments frustrating, they are the truth. I believe you. So today, when you said that you believe 1000% that the RV will not happen until November…again, frustrating that you don’t think it’s going to happen TODAY, but what I read into it is hopeful, and I read that it IS GOING to happen. We’ve waited this long, what’s another month. Please be right. We ALL need this to come to fruition. Thank you again. Comment to Rich Demajo and to all my readers: I did not say the RV would happen in November. Again, you are just speculating. I said my CBI contact told me to expect the Project to Delete the Zeros to begin in November after the elections are over in US & if stability comes to the US government. This does not mean Donald Trump or anyone else specifically getting into office. It just means that under the current administration the RV would only be delayed more. The target I was told was “early 2025”. I said that may mean to start the new fiscal year of 2025 off with the new rate on FOREX, something that the CBI has repeatedly told us is the MOST opportune time to do it. Even Dr. Shabibi in 2015 told us Iraq has an unprecedented opportunity to do it in January 2013 & since they targeted January twice more & so they are targeting it again, as I believe ONLY based on the FACTS we are getting.

No problem. Democrats are very good at re-writing history.

Axelrod slams NC Trump voters as not sofisticated enough to vote in the wake of Helene ,while more upscale liberals will figure out a way to vote...this will give Harris the edge... TRENDING: EYE OF THE STORM: Ex-Obama adviser suggests Helene will help Harris win storm-ravaged NC. Axelrod says ‘upscale’ NC Harris voters will find way to vote after storm, not sure about rural Trump fans. 'You know, they’re upscale, kind of liberal voters & they’re probably going to figure out a way to vote,' David Axelrod said of Ashville, NC, voters.

If it's an RI, our Dinars will be treated at face value. IMHO.

Can't argue you there. The plan all along was to increase the purchasing power of the Iraqi People. Therein lays their wealth.