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Here's an article of Dinarian interests... US Federal Reserve Is Besieging Iraqi Liquidity Through The Dollar. Treat as a rumor. Not verified. Your opine. FROM IRAQI SOURCES: Deputy: The US Federal Reserve Is Besieging Iraqi Liquidity Through The Dollar. ARTICLE: Representative for the State of Law, Firas Al-Muslimaoui, confirmed today, Tuesday, that the Federal Bank’s measures were the main reason behind the continued lack of financial liquidity, calling on the Ministry of Finance to find alternatives. Al-Muslimaoui told the Maalouma Agency, “Iraq is not poor & has many resources, but there is a problem in delivering the money for selling oil, which arrives after three months through the Federal Bank.” He added, “The means of delivering the Dollar and its restriction by the Federal Bank cast a shadow over the creation of liquidity in the Ministry of Finance,” noting that “the external liquidity issue requires a high-level government effort in order to solve this issue & increase the quantities of dollars flowing into Iraq.” He stressed the necessity of “shifting to agreements similar to the Chinese accounting agreements providing services in exchange for oil to dispense with the Dollar,” stressing that “the US Federal Bank is still exercising its conditions on Iraq to put pressure on the parallel market.” Speculators. Iraqi law explicitly criminalizes speculation operations that lead to influencing the ER of the local currency & punishes those who commit them. Article 44 of the Money Laundering Law of 2015 stipulates that these people are punished with one year imprisonment and a fine of one million Dinars. Although the reform packages undertaken by the government since its first days were successful, and despite the Central Bank’s many sales of hard currency, the activity of speculative gangs contributed to maintaining the same large difference between the official price & the parallel market price. We know that this confusion in the exchange rate variation is primarily due to the arbitrary monetary policy pursued by the former regime, especially during the siege, which made the Iraqi banking system a ruin and distanced it from the systems followed internationally. However, the monetary policies that followed the change in 2003 also did not provide successful solutions. They did not succeed in building a banking system that would provide services recognized in all countries of the world, which destroyed the virtual role of banks in building the country’s economy. In this context specifically comes the directive of Prime Minister Muhammad Shia Al-Sudani yesterday regarding the necessity of pursuing speculators who exploit the political & security crises that the region is going through & not to be lenient or lenient with them. This directive complements the packages of directives related to monetary policy that the current government has initiated since its formation, most notably the government incentive program for the use of electronic payment tools, because the lack of knowledge of many citizens in using credit cards also contributes to the exacerbation of this crisis. Privatization & Partnership, Which Is More Beneficial? Which is more beneficial, privatization or partnership? Privatization is a method within the capitalist system that aims to convert capital assets owned by the state into private ownership as a tool for treating loss-making government companies. As a reminder, in the period after the change, specifically during the era of Iyad Allawi’s government in the year (2005), a privatization body was formed that included experienced businessmen & government officials with special and high levels, headed by a well-known businessman & with the membership of ministerial undersecretaries. At that time, I was assigned to work as a media advisor to the Authority & I accompanied its activities until the end. The goal of forming this body is due to the fact that there are more than (190) companies, most of whose factories were loss-making, including companies that went bankrupt without any production & among them were companies that did not meet their expenses & the salaries of their employees. The body conducted statistics & surveys of companies & classified them according to their production capabilities & suitability for work. But with the change of governments, the authority was neglected, abandoned & abolished. The opinions of economists are divided between supporters & opponents of privatization & given the large costs & burdens that these companies pose on the budget, attempts have been made to support these companies with the aim of activating them, but to no avail. Experts agree in the end that Partnership is the ideal way to revitalize troubled companies, introduce them into the business market & make them productive. Partnership is a new method that enters into the attempts of those in charge of economic reform to address & recover losing companies, as partnership is considered a type of partial privatization in all cases. What is meant by partnership is the partnership of the public sector & the private sector, provided that Handing over the management of companies to the private sector while keeping ownership constant for the state, based on the recognition that the mentality of the private sector focuses on profitability in order to maintain production with high efficiency without wasting productive resources. It seems that the prevailing trend now is to adopt the partnership method in order to achieve the following goals (which are calculated from Advantages of partnership: foremost of which is maintaining ownership of capital assets without compromising them, as well as benefiting from the expertise of the private sector to make companies successful and make them profitable, thus eliminating the burden of large losses that they were incurring. There may be several reasons behind the failure of public companies, the most important of which is corruption & public administrations’ lack of interest in losses because financing is guaranteed. The most prominent reason is uncontrolled openness, which led to making public companies unable to compete due to high production costs & was a peg upon which some failed administrations relied. Therefore, it is clear from the above analysis that the partnership is economically more beneficial & this is what most economists around the world agree on, although it is not without flaws. The question Remains: What Are The Challenges Facing The Partnership In Iraq? The 1st challenge is the opposition of public company administrations to concessions to the private sector & therefore its reasons & motives are of a privileged nature. Moreover, the culture of the totalitarian regime is still entrenched in the minds of many, which makes us really need time to achieve an equal partnership preceded by binding laws and procedures that do not allow the applicable laws to object to the new management of companies. We need to create efficient management by applying the conditions & controls of governance in a way that paves the way for a successful partnership. So we need time & the important thing is to start. The Governor Of The CBI Chairs A Bank Lending Meeting. His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, chaired the first meeting of the Supreme Executive Committee for the National Banking Lending Strategy in Iraq, which was formed pursuant to Diwani Order No. 51 of 2024, in the presence of undersecretaries of ministries, organizations and concerned authorities. During the meeting, the importance of the role of the banking sector & government & private institutions was discussed & their role in implementing this strategy and implementing the main themes and sub-objectives of the national bank lending strategy were discussed. His Excellency the Governor stressed that the national bank lending strategy aims to revitalize & stimulate the Iraqi economy as well as achieving growth in all fields, to which this strategy will contribute through the establishment & expansion of small, medium & large enterprises, stressing the importance of the cooperation of relevant authorities in the success of this mission, which It is considered a priority at the national level in providing job opportunities for young people & investing in their energies and capabilities in a way that achieves economic growth in the economic sectors. It is noteworthy that the Central Bank of Iraq launched, on May 25, 2024, the national strategy for bank lending in Iraq for the years 2024-2029, in the presence of a number of officials and representatives of diplomatic missions and international organizations, and the axes of what was stated in the strategy and the mechanisms for working on it were identified, each according to his specialty. It seems that the prevailing trend now is to adopt the partnership method in order to achieve the following goals (which are calculated from Advantages of partnership: foremost of which is maintaining ownership of capital assets without compromising them, as well as benefiting from the expertise of the private sector to make companies successful & make them profitable, thus eliminating the burden of large losses that they were incurring. There May Be Several Reasons Behind The Failure Of Public Companies, The Most Important Of Which Is Corruption & Public Administrations’ Lack Of Interest In Losses Because Financing Is Guaranteed. The most prominent reason is uncontrolled openness, which led to making public companies unable to compete due to high production costs & was a peg upon which some failed administrations relied. Therefore, it is clear from the above analysis that the partnership is economically more beneficial & this is what most economists around the world agree on, although it is not without flaws. The question remains: What are the challenges facing the partnership in Iraq? The first challenge is the opposition of public company administrations to concessions to the private sector & therefore its reasons & motives are of a privileged nature. Moreover, the culture of the totalitarian regime is still entrenched in the minds of many, which makes us really need time to achieve an equal partnership preceded by binding laws & procedures that do not allow the applicable laws to object to the new management of companies. We need to create efficient management by applying the conditions & controls of governance in a way that paves the way for a successful partnership. So we need time & the important thing is to start.
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Here's an article of Dinarian interests... The UST has been given orders to release the funds. Treat as a rumor. Not verifed. Your opine. Wolverine: We won't get Out Of September Without This RV. ARTICLE: This is to come through in the month of September & it will be a glorious month. Everyone is to be paid this month, even the Tier 4B people, all this within a few days… The US Treasury has been given orders to release the funds. Hold on to your boots – it is coming.
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Here's an article of Dinarian interests... Why is UST in Iraq? Here's your answer... UST imposes new measures against Iraqi banks due to corruption. MarkZ, F26 & other Gurus are misleading the people. They claim UST is there to RV...this is not so. Treat as a rumor. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: America Threatens New Punitive Measures Against Banks In Iraq Iraq. ARTICLE: A senior US Treasury official said on Thursday that the CBI must address the ongoing risks resulting from the misuse of the Dollar in Iraqi commercial banks in order to avoid imposing new punitive measures targeting the financial sector in the country, pointing to acts of fraud & laundering. Money & Iran evading sanctions. In July, the US prevented 14 Iraqi banks from conducting transactions in Dollars as part of a broader campaign against the illegal use of the American currency. The official told Reuters that there are still other Iraqi banks operating with risks that “must be addressed” despite the campaign.
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Here's an article from F26... He claims it's on Iraq TV. CBI to discuss ER with UST. Treat as a rumor. Not verified. Your opine. Frank26 via Iraq Boots On The Ground Report via FIREFLY: CBI To Discuss ER with UST. ARTICLE: TV saying upcoming delegation heading to America to discuss the ER! Saying it’s an Iraqi government delectation going to America. FRANK: It’s fantastic to see a CBI delegation is now head to America to discuss your ER with the UST. Wow…holy guacamole!
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Here's some articles from Dinarland... Gurus are saying UST has released our funds to cash in. We could go to the bank at any moment. They are all totally off the charts, today. Treat as a rumor. Not verified. Your opine. Bruce The Goose: via WiserNow: UST Is Ready. ARTICLE: The funds that are moving for us…are in place at the banks. They did disseminate the funds from the US Treasury to have them available for us to go in for exchanges. Our understanding is that everything, as far as we know is ready. Rates are going up. We did get an update & the rates are the least of your worries. Don’t worry about it. They’re gonna be fine. MilitiaMan: TIDBIT: Do we believe they’re gonna fund projects at 1310 to 1300 or even 1320? Absolutely not. I don’t think anybody believes that because the math doesn’t work. Goldilocks posted comments and links on the global financial system: ARTICLE: We have several things going on this week. We have earnings reports coming out for the markets. This gives us an idea of where we are as an economy. We have an FOMC meeting that determines monetary policies coming out this week. We have a Basel 3 proposal being implemented on July 27th. A proposal is a plan to be implemented. Once they discuss this plan on July 27th, it will be ready to activate. So here, we have our markets, our monetary policies & our readiness for Basel 3 transition closing out the month. Stablecoins & crypto clarity has been reintroduced & can come out at any moment to guide our new digital economy. It is a big week, but there are still some things that need to be done as we have discussed in previous articles. I think you can see from how things are developing that we are putting some final touches on our new economy. It is a permanent platform that is being used to help startup companies create a foundation in our new digital economy on the QFS. We are seeing the mobilization of our tokenized assets being given direction to move their products forward. These tokenized assets represent a company’s offerings with real values. These setups are part of the process that leads to the activation of Protocol 20 as Quantum Technologies merge together to form networks & partnerships going forward. © Goldilocks Bruce The Goose: ARTICLE: “Baghdad: The exchange rates of the Dollar against the Dinar rose to unprecedented levels for months…” The Dollar is “losing its mind” & is accelerating upward. Customers of “banned banks” flock to the parallel market…
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Here's an article of Dinarian interests... The UST Who Controls Iraq’s Money. Treat as a rumor. Not verified. Your opine. Tishwash: Al-Amiri: An employee Of The UST Who Controls Iraq’s Money. ARTICLE: Today, Thursday, the head of the “Al-Fatah” coalition in Iraq, Hadi al-Amiri, accused the US of controlling Iraq’s funds. “It is necessary to work to achieve economic sovereignty in Iraq after the security & political stability that Iraq is currently witnessing,” he said during a speech at the eulogy of one of the leaders of the Popular Mobilization Forces. “It is shameful that an employee of the UST controls Iraq’s money,” he added. Tishwash: this is a publication that goes out to the Middle East & the UK. Iraq to begin paying for Iranian gas with crude oil. Move aims at simplifying payments current complicated by impact of US sanctions on Iran. Iraq is set to start paying for Iranian gas imports with oil in order to avoid falling foul of US sanctions. Iraqi Prime Minister Mohammed Shia al-Sudani on Tuesday said that Baghdad & Tehran had signed an agreement following several days of talks for “the import of Iranian gas to fuel Iraqi power plants, in exchange for Iraqi crude oil”.
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13 Feb 2018 Bruce... We got more information that the Native American Tribes all have been paid. That is good. They were paid yesterday and we had several verifications of that. We are looking for more and more activity to come out of the west coast. We are feeling good about that. That is confirmation from people we normally don’t hear from about that. We thought that is good. That is news that doesn’t normally come out about that. It should happen tomorrow. Iraq’s Gazette usually comes out Wednesday and Saturday. Tomorrow is a good day to bring it out. Tomorrow the Gazette usually comes out at first Morning Prayer shortly after sunrise. That is something between now and midnight on the east coast. Should be something they put in the Gazette. How soon would we see it? I do not know. That would be positive if it was put out. Everything is ready to go. Then we heard yesterday that the Treasury had a meeting. The Secretary of the Treasury was on a phone call and a phone call came in to let them know that everything is done and they wanted all done today. We were getting contacts in the US Treasury talking about this going and going even last night by midnight, and I heard couple of other people give earlier times. We didn’t get it in the sense of 800 numbers. We know it is in the hands of the banks now because it has been released by the Treasury to do it.
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Luigi says...here's hoping there is some small truth to this rumor...Go RV. 14 Sep 2017 TNT: RVAlready: I think Dinarland is nervous, waiting for the US Treasury to give the green light to the banks. 9Ball: If the President gets his tax reform through it will eliminate the "Death Tax". That is great news for us Older dinarians. We will be able to leave 100% of our estate to our heirs. This tax has caused the eliminations of about 60% or Family Farms in the last 50 yrs...
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07 Feb 2017 Bruce... The US Treasury had signed off, the go ahead was given. The redemption centers are also ready to go. Chase and Citibank not redemption centers are contacting people, their clients or people that purchased currency they know about. Rates are on the bank screens. They are not testing and not teaser rates. I hope I make a pre-celebration call before Thursday.
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FrostyTheSnowman » July 16th, 2015, 11:16 pm FROM TOPSHELF ... Good job Texas. 17 July 2015 Frosty at KTFA... No for the knuckle-head gold pumper. QE4, asset backed currencies don't drive inflation - (knuckle-heads). Why would gold go up? The dollar is backed now by assets, like gold, and other assets - called Basel 3. .... Why is Texas opening a bank? You can store in? So you can make money off of your gold? Sounds just like I explained. You can monetize metals now in Texas. Also, gold is going nowhere ... but you can deposit it as an asset ... you will make the best return because of quality of assets