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Conscious / Reduce The Iraqi Dinar Exchange Rate ... Punish People !


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Economic crises in history ... useful experiences


Thursday 04 June 2020


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Adnan Abu Zaid

 
There is no despair with the economic crisis, if the Iraqis are certain that people have emerged from the most severe adversity to new achievements in which they have strengthened their presence and strength, after they were on the verge of an existential danger, while the financial crisis, economic elites will be forced to devise solutions, and enhance the seriousness of government institutions and ministries in Rationalization of spending, and increase the citizen's insight into understanding the problem, then national. It needs everyone's solidarity.

A look at the history of crises reveals the ability of peoples to adapt themselves to conditions of distress, to invent the necessary solutions, rather than to give in to disappointment, and to provide opportunities for collapse.

There is a crisis that is magnified in the news and social media, and those who have solutions need to devise the key to address the adversities that must be managed well, which is called the art of crisis management that addresses the potential threats and find the best ways to avoid them.
Often the crisis is a sudden event, or an unforeseen consequence of stereotypical events, and in both cases, it requires rapid and firm decisions, based on monitoring systems enhanced by early warning signals, that are relied upon to reinforce the facts, rather than rumors that fuse media frenzy caused by reports that are not Accurate.

In 1871, America experienced a severe economic crisis, during which millions of its people were displaced by unemployment and hunger, and thousands were forced to emigrate abroad.
The Great Depression years of 1929, which is one of the largest and most serious economic crises the world has witnessed in the modern era, and has lasted for more than 10 years, have caused devastating effects on rich and poor countries alike, and have become a crucial reference for economists.

In 1973, the Netherlands, Belgium, and Norway were forced to use "animals" as a means of transportation after the Arab oil embargo, for their support of Israel.

The Great Depression of Germany in 1933 caused the Nazis to rise to power. 

In 1997, the Asian financial markets crisis erupted and spread to South Korea, Japan, Indonesia, Thailand, Malaysia, the Philippines, Laos, Hong Kong, China, Taiwan, Singapore, Brunei, and Vietnam. Russia stood on the brink of a deep economic abyss in 1998, in which the government was unable to pay the accumulated foreign debt, inflated external debts, and oil and raw materials collapsed, while the debts due to Russian workers amounted to nearly 12.5 billion dollars. 

The emergence of the Corona virus led to a serious economic crisis that reached its maximum ranges in the "Black Monday" after the collapse of the world's stock markets to their lowest levels since the end of 2008.
Before that, early in history, the credit crunch ravaged Britain in 1772, and spread throughout Europe, despite the fact that London managed to create tremendous wealth through its colonial property and trade. 
The successive financial collapses throughout history generated new thinking and reform, and it appeared clear that the 2008 banking debacle in the United States was closely related to political conflicts, and Washington interfered in many conflicts in the world, according to criticisms directed at American policy.

 Iraq, which has not entered a period of stifling economic crisis, has the opportunity to benefit from the experiences of previous global crises,through the state’s interference in market activity, finding a balance between supply and demand in the market, and achieving social justice in a new salary scale, ensuring economic security for every individual in society , Rationalizing government spending, enlightening the individual in beneficial consumption, developing local industry, and reducing imports.

One of the corridors of crossing economic crises is to follow the European and American experience in easing the impact of the crisis on the poor classes, in caring for the unemployed, embarking on industrial and agricultural reform, and subjecting the important productive sectors to strategic planning for expansion and development, and the transformation from a rentier state to a productive one, in which the productive individual It is the capital, not the barrel of oil.
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11 hours ago, DinarThug said:

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The central bank sends an open letter to the parliament presidency


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4th June, 2020

 

On Thursday, the Central Bank of Iraq board of directors sent an open letter to the parliament presidency, confirming that the bank fulfills its supervisory duties on banking institutions operating under its authority in Iraq in accordance with its law and instructions issued by it

The bank said, according to the message he sent to the Presidency of Parliament, and "Economy News" obtained a copy of it, that the bank adopted a balanced monetary policy with the aim of controlling inflation rates and maintaining the exchange rate in the market, noting that the foreign currency sale window is one of the tools of this policy to control the monetary mass and meet the requirements of foreign trade and defense of the exchange rate, and the Central Bank has succeeded in controlling that within the Iraqi market despite the collapse of many currencies in neighboring countries

 

Below is the text of the message

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 (Fyi - The Documents Were Blurred So The Translation Is A Little Bit Off) ;) 

 

The esteemed Speaker of the House of Representatives An open letter from the customary central bank board of directors Article (61): (Secondly, Sansa, and VII) of the Iraqi constitution, refers to the oversight responsibility of the nuclear council and or a responsibility that enables its members to oversee the executive institutions in all their formations and levels, And to contribute to her performance at any time and in any case, according to the constitution and laws

In this context, the Central Bank of Iraq recommended full responsibility to Ramah, and his response to all calls made to him by Parliament for the purposes recorded. A copy of it guarantees you the meetings you seek from the relevant committees It was also clear that his bid was always under the late legal authority, and then see its loyal members as Yuk, on the other hand, fulfilling his supervisory duties on banking institutions operating under his year at the time according to his saying and the camps issued by The Central Bank to the dealings price of the state during its passage by more than Auto. It supported its efforts in the Arabs, a war that left it in the shadow of injustice a solution to oil prices, including its nasal and rainy nose, to the central collapse

A balanced minority policy, weakened control to withdraw inflation and maintain the price Exchange in the market and in agreement with the security currency. I am dying this policy, controlling the technical college, meeting the requirements of heavy trade, and defending the exchange rate. The Central Bank has been controlled in controlling: inside the Iraqi market, despite the collapse of many currencies in neighboring countries (the Turkish lira, Hayri al-Amiri, the Iranian Schumann, the Syrian pound, and the Lebanese pound, and the implementation of a codified policy with those who violate the terms and controls of Nafat, the source of the foreign currency, as it was done Punishment of many banks that violate the instructions, with amounts that exceed the Milaman dollars during the past four years, in addition to me referring many waste to the Iraqi forward, as well as freezing the assets of drops from entities and people and withdrawing many vacant companies in order to enhance the value of its foreign assets

Highly conservative investment share for long-term assets, gold-rooted baskets, international Sadat, a balance between wind and brewery management and allied with the foreign currency with which the Iraqi dinar is associated with (Fagged Currary) by investing in financial years of low sentiment, a Schollar and the use of investments, time, time, risky risks, and the central bank has achieved the barrier A positive task, Khadi, in the year 2018, Egypt drew attention to the needles of the Sunni market and to confirm the friendliness of the bank Focus on ethnic and  hair limit to combat the laundering of things except the tattoo of terrorism in Araou, for the international financial honey honey (MENA FTF) | Through the year 2018 on Harro Al-Urfi from the region of Ould but the criticism is over. Ezzat is in the region of Khanem Hai, and the treatment of the short-cut and picked out all the money and money from the manager’s country. The contribution of the killing and financing of the one who did God’s command. Blood 12 from the Nile, born bitter, Millia Arab and Tel Dara by Shahr Yaf partAuto گZNI Higher was not chosen in 2018 from the best central banks to the higher Arab region

His Excellency the late Speaker of the Chamber of Deputies Kzi as he refers to this, may he confirm the long-term (some) repentance of the article to the media, and their accusation is not inferior and is not greedy towards the monetary authority in the country. The most recent of which was one of the deputies accused of accusing the central bank of corruption and financing terrorism, in a formula that targets the public and against public opinion against state institutions, as well as it gives a negative impression in front of international institutions and forums, which is difficult to deal with and obtain their support system" rel="">support, and weakens the opportunities for foreign investors. It is to display before you this hill, asking your Excellency to take what is necessary, according to what he denied, and urged the distinguished members of the Council, to abide by the law, to make all of them accusations against the state institutions, including the central bank, and to assist them in performing protection for their aunt before the honorable citizens at the time In which the central bank, gentlemen, respected members of the House of Representatives, hosts you, to see the currency work, work of all departments, and deal positively with any proposal that saves from the esteemed parliament

The Federal Finance and External Investigation Committee in addition to the internal team department and international apartment offices, which contracted with additional auditing bodies specializing in selling foreign currency and reserves to share programs that track the movement of the dollar to and forest transfers in coordination with the relevant international bodies. It was suggested in many meetings with the executive and legislative authorities that The Ministry of Finance, with its, takes over the equivalent of the Iraqi dinar to cover the budget expenditures without mediating the six central And, for the Central Bank to devote itself to performing its tasks, which are important and important to stabilizing  and stimulating the economy, and from Mount Haraj, the core of the disturbance circle that becomes gray is the subject of the requirements of the arts and the severity of On the commitment of the law, all of them accuse the state’s institutions, and those who help them to perform their duties and protect their hearing before the honorable heads and at a time when the central king welcomes the members of the esteemed House of Representatives throughout the work of the currency sale window and the work of all departments and deal positively with any proposals that come from the Council Now, the response is to refer to the following: The central bank is the institution that is uniquely multi-regulatory, to which its operations are subject from all internal bodies such as the Federal Financial Supervision Bureau and an external investigation committee in person to the Department of Internal Investigation and an international investigation and here we believe with additional spending agencies specializing in foreign currency sales and Citizenship Special tracking programs tracked the movement of the monetary dollar and foreign transfers in coordination with the executive and legislative authorities. The Ministry of Finance should exchange them for the Iraqi dinar to cover budget expenditures without mediation - this proposal is for the central bank to provide for its functions, which are economic and for the sake of the jamming department The thing is, as it continues with the work
method that has been set, and in accordance with the requirements of law and legalization.

############

The only thing I saw in this article was "Fagged Currary".  What is that???

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2 hours ago, SONIA1 said:

You should say thank you KTFA 🤣


Lol - It’s Fun Vandalizing It’s Scumbag Fraud Owner Frank ! :o 

 

:D  :D  :D 

 

 

It’s Been Awhile Since I’ve Posted Any Of The Numerous Things That I’ve Previously Posted About Him And Some Of The Other Con Artist Gurus ! :lmao:

 

 

Frank Is Particularly Slimy Because He Uses Religion While Promoting The Sale Of Dinar, Dong And The Worthless Zim On His Site While Receiving A Commission ! <_< 

 

 

His Real Name Is Frank-Villa ! I Had To Put A Hyphen Between His First And Last Name Because The DV Software Would Change It To Space Cowboy ! :D 

 


And When U Read This Next Part - BHG Was The Con Artist Dinar Investment Group That Was Shut Down By The Feds ! :o 

 

 

After That Incident And The Arrest Of It’s Principals (Well Documented Here On DV) - Frankie Started Plastering His Site With Disclaimers Admitting To The Fact That He’s Receiving A Commission On All The Foreign Currency That He’s Been Promoting And Selling ! :wave: 

 

 

Which Was Probably On The Advice Of His Lawyers To Try And Keep Him Out Of Jail Once The Feds Swept In ! :lol: 

 

 

f7943-frank2.jpg?w=205
 

Frank-Villa

 

“frank26“

 

Here’s a post from a DV member called coolbeans from January 2012.

 

Frank is a former short order cook of a family owned mexican restraunt in Toledo Ohio.  He got his start on an other large dinar forum where he gained a large following of christian investors.  At this other forum he felt as if he had brought many people on to the forum and requested economic compensation from the forum owner for doing so.  That request was not accepted well and he was forced to leave that forum and in doing so pulled a large christian following with him.  The group which Frank calls “the family” started a forum and group known as KTFM which was short for “Keep The Faith Missions”.  That group became a registered 501c3 charity with the US government.  KTFM had a board of directors and after some claims of wrong doing some of the members left the board.  Frank remain as president of KTFM but began to promote himself for personal economic gain on the KTFM forums and was asked by the board to not do so because of the problems that those actions could bring to KTFM being a registered 501c3 org.

Frank had also begun to align with the B. H. G roup forming a tie with them and also was promoting other programs as well as dinar dealers on the KTFM forum without the full approval of the board of KTFM some of those things promoted by Frank were later implicated in serious investigations as possible fraud.  Frank refused the request of the board members to not promote himself for economic gain on the forum and because of the danger of legal violations against KTFM he was removed from the membership of KTFM by the board of directors and from any position with the 501c3 KTKM org.  The reaction to this was for Frank to quickly launch a new forum seperate of the real KTFM 501c3 org that all the members belonged to and quickly went on full damage control crying he had been done wrong.  With the help of a few friends he opened a NEW forum called KTFA which stands for Keep The Faith Always and began to send out messages that the forum had moved and for everyone to join him at the new forum address.  The result was he pulled most all of the members from the real KTFM 501c3 org forum to his new forum that he had set up and from there was free of the legal bindings of a 501c3 to now pull in all the personal cash he wanted to in any way he saw fit with no oversight or restrictions.  The real 501c3 KTFM was left a hollow shell with near zero membership.  After launching his personal for profit forum he began pulling in money by selling all sorts of private memberships to VIP clubs and other offers.

 

:D  :D  :D 
 

Edited by DinarThug
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On 7/10/2017 at 12:26 PM, DinarThug said:
 
(by don961)

The Secretariat of the Council of Ministers announces the launching of the events of Victory Week by the restoration of Mosul

 Journal  July 10, 2017

  
Baghdad - Journal News 
The General Secretariat of the Council of Ministers announced on Monday the launching of the Victory Week with the restoration of the city of Mosul from the control of the organization calling the terrorist. 

"The events and celebrations of the Victory Week were held on the occasion of the liberation of the city of Mosul in coordination with the ministries and government institutions in Baghdad and the provinces," said an urgent statement carried by the official channel. 

Prime Minister Haidar al-Abadi said on Monday that the city of Mosul was completely restored from the control of the terrorist organization, adding that the liberation of Mosul was purely Iraqi efforts on the ground and no foreign forces were involved in the fighting, while the religious authority thanked for issuing the fatwa Fighting for Iraqi forces.
 
 

 

On 11/25/2016 at 3:16 PM, DinarThug said:

(by walkingstick)

Economists: the deletion of zeros hold reformist acceptable facilitate currency exchange

 

BAGHDAD - Iraq Press - November 24 / November, described the economic expert, Akram Abdel Aziz, central bank's move to lift the zeroes from the local currency, "the reformist aspects of the procedure for the calculation."

 He said in a press statement that "the deletion of zeros is the restructuring of the financial and banking sector and revision of the monetary policy."

She continued by saying that "the deletion of zeros facilitates the use of the exchange, accounting and transfer of currencies", noting that it "does not believe that thelifting of the zeroes is useful in other things, particularly with regard to raising the value of the exchange rate or inflation, but is conducting a reform of the aspects of the calculation," noting that " easing inflation needs to restructure Iraq's economy because our economy depends Rei side weighed on oil imports. "

She pointed out that "the lifting of the zeroes procedures are ok, but it must be associated with other elements in order to be positive and bright step to change the structure of the Iraqi economy."

It indicated that the Central Bank of Iraq taught for more than two years the issue of lifting the zeros from the Iraqi currency, but has not taken yet a firm decision in this regard. Ended A.h

http://www.iraqpressagency.com.....38;lang=ar

 

 

19 minutes ago, SONIA1 said:

Dinarthug you copy and paste every article from his forum and he is a fraud? I guess you are an Angel . :)

 

Lol ! No - I’m A Proud And Well Documented Shoplifter From Other Dinar Sites For Years ! :o 

 

 

U’ve Only Been Here For A Little Less Than A Year - But If Use The DV Search Engine U’ll See Several Hundred Postings As In The Samples Above Where I’ve Referenced Where It Came (Or Was Stolen) From ! ;) 

 

 

Nice Try Though ...

 

:D  :D  :D 

 

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