CBI News 07/21/2019

[yota691]

The prices of bullion and gold coins to be sold on Tuesday, 2019/7/23

 

  

 July 21, 2019

 

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[ChuckFinley]

Morning Yota, I like anything that has to do with gold.  

[yota691]

(Press release) The bank denies the transfer of some social media to the smuggling of the Iraqi currency

 

  

 July 21, 2019

 

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Some social media outlets broadcast a video clip showing some categories of the Iraqi currency in boxes marked with the name of the Central Bank of Iraq, which provoked a crackdown on smuggling of the Iraqi currency. While the bank denies any smuggling operation, it would like to state the following:

1. The funds offered do not belong to the Central Bank, and differ from the special funds in the Iraqi currency in terms of shape, color, material and size. 
2. The Central Bank followed up with the security authorities, the Ministry of Foreign Affairs and embassies of the countries mentioned in the video clip. Note that there are previous cases proved by the search, by the security services, not completely correct. 
3. So far, these papers have not been found and have not been publicly displayed in any country, and the current investigations have proved to be only pictures and films. 
4. The central bank prints its currency in the global printing houses, and monitors its production, from the paper making to the final version, according to tables and serial numbers to check every stage until it is received in Iraq. 
5.We warn of the confusion that is taking place with the aim of undermining the country and its successful institutions, including the Central Bank. The sooner one of these institutions succeeds domestically and internationally, the more they come under such slander. The attack comes in line with the announcement of the bank's growth of reserves and control of the exchange rate, in order to reduce this success.

Finally, the central bank calls on all media to be careful in dealing with the news, because inaccurate news has negative effects on the stability of the banking and financial system in Iraq. 

Central Bank of Iraq 
Baghdad 19 / July 2019

[ChuckFinley]

Thanks Yota, with all that social media you would think that we could get a photo or two.

[DWS112]

39 minutes ago, yota691 said:

showing some categories of the Iraqi currency in boxes marked with the name of the Central Bank of Iraq

Found on Facebook: LINK

[yota691]

Markets

An Odd Bust of Bolivars in Brazil

By 

David Biller

June 30, 2019, 7:00 AM EDT

•  
  Brazil officials seize lockbox with seal of Iraqi central bank
•  
  Box contained 11,765 bills of worthless Venezuelan bolivars

When Brazilian authorities in Rio de Janeiro cut the lock on a steel box ostensibly belonging to Iraq’s central bank, they found a stash of cash not worth the paper it’s printed on.

 

 

“We imagined we would find Iraqi money,” police chief Fabricio Oliveira, who participated in the bust, said in an interview. “Instead, to our surprise, we found Venezuelan money, which is a currency no longer worth anything.”

 

 

Not worth anything, that is, until scrubbed of its ink and reprinted as U.S. greenbacks, he said. Failing that, the 100-bolivar notes -- all 11,765 of them -- are valued at a measly $1,794. And that’s falling fast with Venezuela printing money to finance a massive budget deficit, which is the root cause of the Andean nation’s hyperinflation.

 

 

The lockbox does not belong to Iraq’s central bank, which hasn’t used such boxes since 2003, Abdul Kareem Hasan, general director of the bank’s issuance and vaults department, said by phone.

 

 

The lockbox and bolivar notes found inside.

Source: Brazil’s Federal Revenue Service Contraband Repression Division

Brazilian authorities received intel that a transport company declined the attempt by two Brazilian men to ship the lockbox to the U.S., as it lacked documentation of its provenance. The men were arrested at Rio’s port area when trying to dispatch the treasure chest through another company, with the expectation of receiving $180,000 in compensation, Oliveira said. More than a dozen armed police officers and officials from the federal revenue service had been laying in wait for them in unmarked vehicles.

“From the information we have, it seems Venezuelan bolivar notes are ideal to be bleached with chemical products and reprinted as older dollar notes,” Oliveira said. “That’s our main line of investigation, since the box was being dispatched to Arkansas.”

 

 

In a peculiar twist, it was Brazil’s mint, located in Rio, that sold the paper that Venezuela used to print many of the bolivars seized Thursday, according to the federal revenue service’s division for repression of contraband. More than a dozen Latin American and African nations have contracted Brazil’s mint to provide paper or print their notes. Brazilian authorities have made other busts of bolivars in recent years, including onein the same port neighborhood in 2017 of 40 million bolivars packed into suitcases.

“The characteristics of the Venezuelan bill make it the raw material for falsification of other bills,” said Andre Rebolledo, a Venezuelan specialist in the prevention of money laundering. “It has no value, no one wants it, so people buy it to achieve that objective.”

— With assistance by Khalid Al Ansary

[gregp]

7 minutes ago, DWS112 said:

Found on Facebook: LINK

 

Nice find!

[ChuckFinley]

21 minutes ago, DWS112 said:

Found on Facebook: LINK

Thanks DWS112. That photo was worth a thousand words. 

[yota691]

Assure that the port agency in your companies is exclusively in its name

 

  

 July 21, 2019

 

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To / Companies to mediate in the sale and purchase of foreign currency ( public ) [ Issue : 305/5/9 Date : 2019/7/18]

We confirm the contents of our memorandum number (403/5/9) in 2018/11/6, which includes that the agency for the port located at the headquarters of your companies in its name exclusively, and that the name of the company is not used to provide electronic payment services outside its headquarters, seeking to comply with the above .

[ChuckFinley]

When Brazilian authorities in Rio de Janeiro cut the lock on a steel box ostensibly belonging to Iraq’s central bank, they found a stash of cash not worth the paper it’s printed on.

 

Well, at least he did not say they found dinar that was not worth the paper it'd printed on. 

[Mxmann]

3 hours ago, ChuckFinley said:

Morning Yota, I like anything that has to do with gold.  

https://images.app.goo.gl/nZEX1JD1JJD1XdNt7

[ChuckFinley]

47 minutes ago, Mxmann said:

https://images.app.goo.gl/nZEX1JD1JJD1XdNt7

Thanks, man loves his GOLD.

[Donziman]

CF   "Dinar that is not worth the paper it was printed on"  Now that

was thinking outside the box.  Soo funny.

[blueskyline]

Thank You DWS , Yota . GA DV's ..Interesting Box . It looks as if It was sealed with 2 Iraqi 25,000 Dinar notes . And although The Central Bank states they are not involved in smuggling . It looks to be an Official CBI Box . Even though they had Bolivar notes with no value for a purpose of bleaching then counterfeiting . How did they get a CBI lockbox ?????

[ChuckFinley]

4 hours ago, Donziman said:

CF   "Dinar that is not worth the paper it was printed on"  Now that

was thinking outside the box.  Soo funny.

Just been here too long.