danielchu

This ends one way .. roll out small notes //revaluing the currency /end the MCPs!

U.S. Cut Cash to Iraq on Iran, ISIS Fears Fed and Treasury officials were concerned that dollars were ending up in wrong hands U.S. Cut Cash to Iraq on Iran, ISIS Fears YOU MAY ALSO LIKE UP NEXT 0:00 / 3:36 0:00 U.S. Cut Cash to Iraq on Iran, ISIS Fears The Federal Reserve and Treasury department temporarily shut off the flow of money to Iraq’s central bank on fears that the money was ending up in Iran and ISIS hands. WSJ’s Emily Glazer joins Lunch Break With Tanya Rivero to discuss. Photo: Getty By Emily Glazer in New York, Nour Malas in Baghdad and Jon Hilsenrath in Washington Nov. 3, 2015 12:00 am ET PRINT TEXT 91 The Federal Reserve and Treasury Department temporarily shut off the flow of billions of dollars to Iraq’s central bank this summer as concerns mounted that the currency was ending up at Iranian banks and possibly being funneled to Islamic State militants, according to U.S. and Iraqi officials and other people familiar with the matter. https://www.wsj.com/articles/u-s-cut-cash-to-iraq-on-iran-isis-fears-1446526799

Auction currency sale in Iraq, The destruction of the economy of Iraq and the revival of the economy of Iran By Editor - February 13, 2019 - In Releases 1807 Comments Off http://rawabetcenter.com/en/wp-content/uploads/2019/02/%D9%85%D8%B2%D8%A7%D8%AF-%D8%A7%D9%84%D8%B9%D9%85%D8%A9-%D9%88%D8%A7%D9%8A%D8%B1%D8%A7%D9%86.jpg Bremer plans and Iran benefits and Iraq loses Researcher Shatha Khalil Auction foreign currency sale – the dollar was a law legislated and ordered by civil administrator Paul Bremer in 2004 and is the only auction in the Middle East, It has been one of the biggest challenges facing the Iraqi state, distorting public policy and destroying the economy. The auction has continued so far and has been exploited by influential officials and senior officials in the political process linked with Iran to smuggle and launder money from Iraq for the benefit of Iranian economy to finance the terrorism and facing American sanctions and for their own interests. Currency Auction is a complex, thorny and multifaceted topic, and many economists have differed about identifying the problem as a major ones and it is a new form of economic corruption associated with money laundering in Iraq, which has become a means of smuggling money from Iraq. In the Rawabet center where it has noted in the text “According to the investigation committees of the Iraqi Council of Representatives and international reports that $312 billion dollars have been wasted and looted over the past years, the proceeds of oil pumped by the Central Bank of Iraq to the markets, and most of them were transferred abroad. This is a very large number in a country suffering a suffocating economic crisis, the situation in the state of “wealth” has reached to borrow from the IMF to cover its expenses! Dr. Nabih Nadeem Al-Obaidi summarized in the working paper presented at the first conference of the Iraqi-American National Friendship Association on 5 January 2019, the seriousness of the currency auction in the destruction of the Iraqi economy and the extent of Iran’s benefit from it : As he said the currency auction in the process of money laundering and recycling in favor of Iran, and listed some of the analytical financial indicators that clarify the role of organized sabotage of this auction: • The Central Bank of the US dollar sales for the period (1/10/20041/10/2016) amounted to (408.875) billion dollars to cover the requirements of imports, while the real value of imports for the same period (61.3) billion dollars, while the value of the remaining difference of the amount (347.5) billion dollars is missing until the moment .. The question arises where it has gone? • In 2010, the Central Bank’s auction sales amounted to $ 36.2 billion. The report of Federal Board of Supreme Audit submitted to the Secretariat of the Council of Ministers indicated that the number of meetings held by the Central Bank for Auction recorded in the Central Report (242) while it was discovered after checking the statements of sales of the auction for this period of (212) meeting only, proving that there are (30) meeting for the sales of the dollar are missing with its statements and amounts and the parties to which the dollar was sold to .. What does that mean? Where did the money of these meetings go? • A “model” for measuring the auction on 6/11/2018 with a total value of sales (125,725,602) dollars for a total of (30) banks and financial institutions, and by adopting this figure as a default rate for 2017 to reach (45.252) billion dollars per year, while Trade exchange with Iran amounted (6.7) billion dollars, and the remaining (39.4) billion dollars are missing … Where it has gone? • Actual export capacity of Iraqi oil from the ports of Basra increased from 2.9 million barrels per day for the first quarter of the year to (3.560) million barrels, and then to (4,600) million barrels per day in the last months of the year (2018) (according to the announcement of the Minister of Oil) with a rate of 4 million barrels a day , and concerning the export prices , the export price rate for the period ( 5/1/ 2018 to 30/10/2018) reached about (70.713) dollars per barrel. Therefore, the value of resources for the year will reach about (101.826) billion dollars. • The rate of the sale of foreign currency (dollar) per day “amounted to (125 – 182) million dollars during the year (2018) and the minimum value of sales will total for the year (45.252) billion dollars, and thus will constitute the dollar sales of the Central Bank (44.44%) of the oil resources, which also constitute a rate of (261%) of the allocation of the Kurdistan region budget (7.1%) of oil resources, is this reasonable? •Is not this a drain on resources and smuggling of funds outside of Iraq and sabotage of the Iraqi economic system. https://rawabetcenter.com/en/?p=6938

YES not the first time the auctions have so called ended then they go back in a week !

The 2005 Iraqi constitution included a last-minute provision -- Article 140 -- that states, "Article 58 of the TAL shall extend and continue to the executive authority elected in accordance with this constitution, provided that it accomplishes completely (normalization, census, and referendums in Kirkuk and other disputed territories to determine the will of their citizens) by a date not to exceed December 31, 2007." A major issue of debate about Article 140 is how it would affect the central government's control over Kirkuk's oil, one of Iraq's principal sources of wealth and power. While the Kurds consistently assure other Iraqis of their intention to remain an integral part of Iraq, many Iraqi Arabs remain skeptical. https://www.washingtoninstitute.org/policy-analysis/kirkuks-article-140-expired-or-not

So you start it then you claim to kill it?

No no silly just drying out the water logged currency!!

So they killed a Sunni general practitioner... a building Architect ... a phone salesmen..and two floor sweepers?

President Biden needs Iran to play nice and Iran does not want a stable and prospers Iraq!

Considering the Rothschild other endeavors Iraq would not even be on there minds!

Nearly all countries are members of the IMF, but the United States is the largest cumulative contributor to the IMF at $155 billion and the largest voting bloc—holding effective veto power for many decisions. The United States increased its support for the IMF after the 2008 financial crisis, giving it great influence over the IMF’s work going forward.

Would you agree the IMF has something to do with the RV?

One must ask IF president Obama didnt allow this to RV during HIS tenor what makes me think it will happen under Pres BIDEN admin? Former VP....

Ending of the auctions would crimp the iranians like never before!

Forcing the government too get rid of the auction!

Small issue with theory is it is called currency manipulation!

Hit the currency auction driving the dollar up higher?

yota691 Enjoy the Ride... Platinum VIP 186,732 116,935 posts LocationEast Coast Author Posted 38 minutes ago Saleh denies raising the dollar exchange rate against the Iraqi dinar http://aliraqnews.com/wp-content/uploads/2020/12/مظهر-محمد-صالح-مستشار-رئيس-الوزراء.jpg Last updated: December 9, 2020 - 3:20 p.m. Baghdad / Iraq News Network - The financial and economic advisor to the Iraqi Prime Minister, Mazhar Muhammad Salih, denied today, Wednesday, the existence of a government tendency to raise the exchange rate of the dollar. Saleh said in a press interview, “The talk about a government tendency to raise the exchange rate of the dollar, until reaching The level of 150 thousand dinars compared to the $ 100 is absolutely incorrect, and there is no plan proposed by the government for such an option. He added that "the high exchange rate of the dollar in the local markets, at the present time, came because of rumors, which are launched here and there, and they are unfounded," noting that "this rise is temporary, and the coming days will witness a new decline in the exchange rate." With the beginning of the morning hours today, the exchange rates of the dollar rose, in the local markets in Iraq, to touch the new high price of 128 thousand dinars for every 100 US dollars.The selling price of the dollar was 127,500 Iraqi dinars, while the purchase price was 126,500, roughly. As for international foreign exchange rates, the euro reached 100 euros per $ 121.20.

2 percent will not cause inflation! SDR adjustment is not the issue think bigger!

Iraq is saying the IMF is talking to them NOT for a simple rate adjustment but to keep from inflation for something larger! .....The other reason for the delay in the budget is the existence of understandings between the Ministry of Finance and the International Monetary Fund to update the exchange rate of the Iraqi dinar, as it is a sensitive issue and must be updated in a way that does not cause inflation

That 2 percent move they been doing for years i am sure... nothing to see here move along .. lol

What would happen if the HCL doesnt get done?

Much more important!

small and new denominations of cash to appear in the money market."

LOL it over till the fat court sings!