HOPIUM FANS ONLY!!!

[6ly410]

 

[6ly410]

 

[6ly410]

[6ly410]

 

[KristiD]

On 8/18/2020 at 8:40 PM, NEPatriotsFan1 said:

lots of changes coming... listen specifically what he says about swift. 
 

 

I would not count on SWIFT disappearing anytime soon.  The US uses SWIFT to control much of the world.  That's why Iran is in such trouble now, they can move funds through SWIFT which prevents them from doing business with the rest of the world.  The value of a currency is based on it's supply (amount of currency in use) times its velocity (how quickly it turns over and is re-used).  The more it is used the higher its value, and the lower its supply, the greater its value.  This explains why, when the Fed is printing money which in theory should decrease the dollar's value, it's not really doing so.  Its high velocity across the globe is keeping its value strong and offsetting any downward pressue on it.  Master businessman that Trump is, I don't think he's gonna let SWIFT disappear anytime soon.  It's too important and valuable of a tool - and he uses it often.  Also you should know, that Federal Reserve announces details of new 24x7x365 interbank settlement service with clearing functionality to support instant payments in the United States and it's call FedNow  (link).  Once that is up and running domestically in the US, it won't take long before that process is taken international.  

 

I'm not saying anything bad about cryptos and I even own some XRP.  I just don't think the SWIFT system will be going away anytime soon so it won't play a part in pumping up ripple's price.  jmo

[KristiD]

20 hours ago, BETTYBOOP said:

well just to add to the hopium..... my crystal says rv between the 24/8/2020 & the 31/08/2020 @ a rate of £3 +

Hoping with hopium. 😃🤩😉

 

I love this kind of stuff.... dreams and psychic information.  I don't give it a lot of credence because it's often wrong.  But it is legitimate hopium because it is actually correct sometimes.  Sadly I don't think 3+ is possible, but that doesn't mean you're wrong about the date!  It sure would be great wouldn't it!  

[KristiD]

1 hour ago, 6ly410 said:

 

 

Yes!!  this is awesome news.... $1.2 Billion  !        And also there's this, almost another $7 Billion  :  link

U.S companies unveil Iraq investments before premier’s White House visit

 

Five U.S. firms including Chevron Corp <CVX.N> signed agreements on Wednesday with the Iraqi government aimed at boosting Iraq’s energy independence from Iran as the Iraqi prime minister prepared to make his first visit to the White House on Thursday.

The U.S. Department of Energy in a statement said that Honeywell International Inc <HON.N>, Baker Hughes Co <BKR.N>, General Electric Co <GE.N>, Stellar Energy and Chevron signed commercial agreements worth as much as $8 billion with the Iraqi ministers of oil and electricity.

[Pitcher]

Thanks 6ly.  Good reporting as usual.  They came about as close as you can but they didn’t announce that Iraq is a Sovereign Nation yet.

 

i guess we have to wait until he gets back to Iraq to make the announcement.  Everything is lining up.  Come on guys flip the switch.

 

 

“Iraqis are resolved to be independent and sovereign.” From Pompeo’s statement 

[6ly410]

Go RV 

Edited August 20, 2020 by 6ly410

[yogaman]

Ripple is now partnered with SWIFT. just sayin.

[NEPatriotsFan1]

3 hours ago, Pitcher said:

Thanks 6ly.  Good reporting as usual.  They came about as close as you can but they didn’t announce that Iraq is a Sovereign Nation yet.

 

i guess we have to wait until he gets back to Iraq to make the announcement.  Everything is lining up.  Come on guys flip the switch.

 

 

“Iraqis are resolved to be independent and sovereign.” From Pompeo’s statement 

I agree probably wants to take a victory lap on home turf

[Pitcher]

46 minutes ago, NEPatriotsFan1 said:

agree probably wants to take a victory lap on home turf

Can you blame him after what they have been through the last 17 years in Iraq. 
 

He got summoned to the WH to get his orders.  This entire deal is bigger than just Iraq.  SA, UAE, Kuwait, Jordan, Egypt, Israel, and even Lebanon are on board. We are going to finally get peace in the ME. Once Trump is re-elected Iran will make a deal quickly imo. 

[Dinarrock]

2 minutes ago, Pitcher said:

Can you blame him after what they have been through the last 17 years in Iraq. 
 

He got summoned to the WH to get his orders.  This entire deal is bigger than just Iraq.  SA, UAE, Kuwait, Jordan, Egypt, Israel, and even Lebanon are on board. We are going to finally get peace in the ME. Once Trump is re-elected Iran will make a deal quickly imo. 

You are 100% correct I absolutely Agree with everything you just said!!

[Floridian]

2 hours ago, Pitcher said:

Once Trump is re-elected Iran will make a deal quickly imo. 

 

 

Yes, Iran will make a deal, but they'll have a clause in it that says "Iran is still allowed to say Death to America and Death to Israel".  😂

Edited August 20, 2020 by Floridian

[6ly410]

 

[6ly410]

International Finance Corporation and Al-Ahli Bank of Iraq sign a funding agreement of $ 10 million to support SMEs in Iraq. For more: https://bit.ly/2EhNyt6 #المصرف_الأهلي_العراقي

Translated

sday, August 18, 2020

As part of its efforts to support small and medium-sized companies and facilitate their access to finance, increase economic growth rates and create job opportunities in the Iraqi market, the International Finance Corporation, a member of the World Bank Group, signed an agreement through which it would provide a financing package of $ 10 million to the National Bank of Iraq (NBI). .

The agreement was signed during a virtual meeting via WebEx technology, where the agreement was signed on behalf of the International Finance Corporation, the Regional Director for the Middle East and North Africa, Beatrice Mazer, and on behalf of the National Bank of Iraq, its chairman, on behalf of Khalil Al-Salem. The meeting was attended by the Governor of the Central Bank of Iraq, Dr. Ali Al-Alaq, the Executive Director of the Association of Private Banks in Iraq, Ali Tariq, in addition to the Managing Director of the Iraqi National Bank, Ayman Abu Dehem, and representatives of the International Finance Corporation.

Under this agreement, which will be a combination of advisory services for a period of up to 9 months and concessional financing from the Small and Medium Enterprises support Fund (GSMEF), the advisory team at the International Finance Corporation will help the National Bank of Iraq to develop and develop its areas of work related to small and medium enterprises, through Deep understanding of the financial needs of the sector, developing products and services specifically designed to leverage digital channels and implementing a robust credit risk management framework.

The Governor of the Central Bank, Dr. Ali Al-Alaq, congratulated this agreement, describing it as a positive and important step through which he translates the interest and support of the World Bank in general, and the International Finance Corporation in particular, for the banking sector in Iraq despite all the challenges it faces. He pointed out that the reality of the Iraqi economy today requires focusing all efforts on important sectors and stimulating the economy through lending operations, with the aim of moving small and medium enterprises.

Al-Alaq added that the International Finance Corporation's choice of the National Bank of Iraq is a successful choice, due to the seriousness and professionalism the bank shows in its management, the diversity and development of its products and services and its use of the latest technologies, saying: “We are proud of the efforts of the National Bank of Iraq, and we consider it as a partner and supporter in the process of banking development in Iraq. Where we work in the Central Bank on permanent coordination with the bank's management because of the vision, experience and seriousness we have witnessed in the framework of banking operations.

Commenting on this agreement, the Chairman of the Board of Directors of the National Bank of Iraq, Bassem Khalil Al-Salem, thanked the International Finance Corporation for this support provided to the bank, which is translated as evidence of the institution’s confidence in the Iraqi National Bank and the banking sector in Iraq, pointing out that this is the second financing agreement. Provided by the International Finance Corporation to the National Bank of Iraq.

Al-Salem indicated that one of the most important goals of the Iraqi National Bank is to support the state’s efforts to increase economic growth rates in the Iraqi market and reduce poverty and unemployment rates, indicating that the funding provided by the International Finance Corporation will undoubtedly contribute to empowering companies and small and medium enterprises and support the Iraqi private sector.

Al-Salem also thanked the Central Bank of Iraq, represented by Dr. Al-Alaq, for its permanent support and support for the banking sector in general, and the Iraqi National Bank in particular, which had the greatest impact on concluding this agreement.

On his part, Managing Director of the National Bank of Iraq, Ayman Abu Deheem, said during the virtual signing ceremony: “We are proud of our long-term partnership with the International Finance Corporation, and today the financing and advisory support package will help us implement our new strategy and provide a competitive set of products and services for companies to promote long-term development and growth. . "

Although about 90% of the private sector jobs are provided by small and medium companies in Iraq, the financing gap in this sector is estimated at 38 billion dollars, and less than 7% of the official small and medium companies in the country have access to loans, while More than 60% face difficulties, in whole or in part, in obtaining financing.

Beatrice Masire, Regional Director for the Middle East and North Africa at the International Finance Corporation, said: "A strong and resilient private sector led by innovative and forward-looking SMEs is vital to diversifying Iraq's economy, creating jobs, and promoting sustainable growth."

 

Edited August 20, 2020 by 6ly410

[6ly410]

Central Bank calls on citizens to deal with banks in cash exchange The Central Bank of Iraq calls on all citizens to deal with banks and financial brokering companies authorized by this bank, during large cash exchanges, rather than hoarding at home. Through this, the central bank seeks to maintain citizen s' cash block, avoid cases of theft and fraud, and promote ′′ fake ′′ coins. The bank stresses the need to reduce trade in paper currencies, which medical studies have proven to be an active transmission of viruses and bacteria, especially since the country is experiencing a spread of coronavirus. The Central Bank is adopting mechanisms for spreading financial coverage in Iraq that promotes banking culture and monetary exchange by banking transactions with modern technologies and all forms. Central Bank of Iraq Media Office 18 August 2020

Translated

Edited August 20, 2020 by 6ly410

[6ly410]

8-20-2020  ** Dinar Guru CBI Update **  The Central Bank of Iraq's officially reported MARKET rate of the Iraqi dinar is now within tenths of a point from compliance with the IMF 2% rule.  It currently stands at 1214.013.  The dinar has been out of compliance since April 21, 2020.  This is a 20 point shift in the market rate within days.  It is unknown if this is a blip in the market rate or an upward trend that will continue.  You can always see the latest official CBI market rate for the dinar in the left column of this page. Stay tuned as the guru chime in on this development...the latest guru posts will continue below... 

[6ly410]

Edited August 21, 2020 by 6ly410

[gregp]

Thanks 6LYdead for all your long hours posting. 👍🏻

[6ly410]

 

[6ly410]

The White House
Office of the Press Secretary
For Immediate Release
August 20, 2020

 

The strategic partnership between the United States and Iraq is based on a mutual desire for security and prosperity.

Together, the United States-led Global Coalition to Defeat ISIS and the Iraqi Security Forces destroyed the ISIS physical caliphate, and we continue to work in close coordination to ensure that ISIS is rendered incapable of posing a threat to Iraq and every other nation. We reaffirm our commitment to long-term security cooperation to build Iraq’s military capability and address threats to our shared interests.

Our security collaboration strengthens the foundation of our efforts to expand economic, humanitarian, political, and cultural cooperation. The COVID-19 pandemic further underscores the importance of working together to build a prosperous and stable Iraq that provisdes jobs and services to the Iraqi people and serves as a stabilizing force for the Middle East.

 

 

13K13K

 

 

[6ly410]

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Edited August 21, 2020 by 6ly410

[6ly410]

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[6ly410]