HUGE: CBI: The Implementation Of A New System Early Next Year.

[Luigi1]

Here's some articles of Dinarian interests...

DIRECT FROM THE SANDBOX:

These articles Shout Out RV-RI at the beginning of the new year.

-The Monetary Situation in Iraq is excellent.

-The implementation of a news system early next year.

-“We will launch a new method next year to expand & enhance these operations".

Treat as rumors.  Not verified.  Your opine.

 

 

 

FROM IRAQI SOURCES:        The Monetary Situation In Iraq Is Excellent.

ARTICLE:  Al-Alaq: The monetary situation in Iraq is excellent & our reserves support the stability of the ER.

The Gov of the CBI, Ali Al-Alaq, confirmed today, Monday, that the monetary situation in Iraq is very excellent, noting that “the increase in the volume of reserves enables us to support the ER & achieve monetary stability.”

Al-Alaq added in a press statement that the Central Bank is distinguished by its ability to “respond to providing the country’s needs for currency,” indicating that “foreign transfers for trade purposes are proceeding smoothly after the implementation of the new system.”

 

Al-Alaq revealed that “the CBI will launch a new mechanism for travel or treatment transfers next year,” stressing that “there are agreements with four companies to launch a new mechanism for travel or treatment transfers.”

 

 

CBI: Launching A New Mechanism For Travel Or Treatment Transfers Next Year.

CBI Gov Ali Al-Alaq announced on Monday that the monetary situation in Iraq is very excellent, indicating that external transfers for trade purposes are proceeding smoothly after the implementation of the new system, early next year.

 

“There are trends within the government aimed at diversifying and strengthening the national economy, as the banking sector does not flourish except when there is a diverse production base,” said Al-Alaq, on the sidelines of his participation in the opening of the activities of the Arab Sustainable Development Week Forum in its 5th edition, held in Cairo, Egypt – attended by the reporter of the Iraqi News Agency – INA.

 

He noted, “Iraq suffers from heavy reliance on economic activity related to the oil sector, which contributes mainly to transferring oil resources to the trade sector.  This constitutes a major imbalance in the structure of the economy.  In other words, oil revenues are converted into building the economies of other countries through the large volume of imports.  This requires the necessity of activating the banking sector to provide the necessary financing to establish real projects in the basic economic sectors, especially in the industrial & agricultural sectors, in addition to other sectors.  I believe that this trend will contribute to reducing dependence on oil resources, in addition to providing job opportunities & real economic growth.”

 

“The monetary situation in Iraq is currently very excellent.  The high volume of foreign reserves enables CBI to support & defend the ER & achieve monetary stability, despite the difficult circumstances surrounding the countries of the region.  CBI is working to find ways & means to meet all the needs of the country, citizens & the business sector for foreign currency,” added Al-Alaq.

 

He pointed out, “Whenever the conditions & factors necessary for transfer operations or demand for foreign currency are available, CBI is ready to deal with this demand without any fears or concerns, which contributes to maintaining stability.”

 

“CBI is currently distinguished from the rest of the countries in the region by its ability to respond to providing the country’s needs for foreign currency, whether for the public or private sectors or even the civil sector, to meet various types of requests for foreign currency,” he explained, noting “there is a historical transformation taking place in the framework of foreign transfers & meeting requests for the USD as there were many observations that necessitated changing the procedures & policies related to dealing with foreign currency & providing it.”

 

Al-Alaq stated that “CBI has implemented a new system for foreign transfers to ensure their fluidity & transparency, despite the challenges & difficulties that faced the implementation of these procedures at the beginning, but we have overcome those obstacles.  Today, the process of foreign transfers for commercial purposes is proceeding smoothly, which explains the general control over prices and inflation, as the CBI continues to provide the Dollar for trade at the official price.”

 

“New methods have also been opened for transfers using other currencies, such as Turkey, India & China, in addition to European countries. This will make the process of foreign transfers more flexible & streamlined while ensuring transparency & oversight that enhances trust & credibility in the operations we carry out,” he noted.

 

Regarding the provision of transfers for citizens for various purposes, such as travel, treatment or any legitimate transfers abroad, Al-Alaq confirmed, “We will launch a new method next year to expand & enhance these operations, just as we did for commercial transfers.”

 

“There are agreements currently in place with relevant companies such as – Visa, Mastercard, MoneyGram, Western Union – to establish a new framework for implementing these operations, which will constitute another shift in controlling these operations,” said Al-Alaq, adding that “next year or the beginning of 2025 will witness the completion of the current procedures.  We seek to provide reassurance, especially with some people’s questions about the fate of transfers after the completion of the electronic platform at the end of this year 2024.”

 

He included “There is no sudden transition, but rather a gradual transition that began in 2024, where the banks’ relationship was transferred directly to correspondent banks without passing through other links & the process has been completed with continued success.   More than 95% of this goal has been achieved & this process will be completed successfully within the next two weeks.  There is international anticipation to celebrate this occasion.”

[Luigi1]

Part II of the above article...

 

 

ARTICLE:        Has “Dollar Control” Renounced Its Faith?

The dollar in Iraq : two decades of “leakage” & two years of “censorship”

The CBI has concluded about two years since the start of tight control over the Dollar through the electronic platform that was supposed to be a filter gate & a guardian eye for the green currency after years of piracy operations through innovative means through which the Dollar leaked out of Iraq.

 

Currency “washing” window… 20 years & the CBI is an intermediary for “launderers” 

For about 20 years, the CBI turned into an intermediary between the source of Dollar the US on the one hand & the money launderers on the other hand & with forged bills & fictitious travelers, the Dollar pirates were able to leak between 350 and 500 billion Dollars over two decades, but,

in a moment of sudden awakening… it was discovered Everyone finally realizes that robbery operations, money laundering scandals , smuggling, & financing of suspicious countries & facilities are taking place with direct or indirect contributions from the CBI several banks, whether with his work or without his knowledge.

 

75% of sales are “suspicious”… The electronic platform reduced sales from 5 to 1 billion Dollars per month.  The electronic platform began to be implemented in early 2023, but the actual restriction on the Dollar began in November 2022, which led to a resounding decline from a monthly average of 4 to 5 billion Dollars, to only about one billion Dollars per month, which means that about 75% of Dollar sales were unsuccessful. In the transparency test.

 

Sales Returned To About $6 Billion Per Month After 8 Months.

After that, sales returned to rise in mid-2023, recovering to their monthly average between 5 & 6 billion Dollars, which the CBI interpreted as coming after the banks participating in the auction were able to improve their performance & provide sufficient evidence about the final fate & the legitimate recipient of these Dollars.

 

Signs Of “Suspicious Sales” Return.. Central Dollar Arrives At “Banned” Banks.

Two years of long testing, but the lesson seems to have not been understood well…

It seems that the process of selling the Dollar has returned to the old days and has abandoned its new, “straight” religion.

 

According to members of the Iraqi Parliament, the Central Bank has sold quantities of Dollars to banks prohibited from obtaining It is supposed to banks Iraq’s …half of them are banned from the Dollar & 25% of them take over the auction has Iraq more than 60 banks, half of which are prohibited from dealing in Dollars & out of about 30 remaining banks, only between 12 & 16 banks participate in the currency auction, as these banks control the currency auction & its external transfers.

 

Al-Sudani Considered Selling More Than $200 Million A Day “Irrational” & Mot Suited To The Market’s Needs

Not only the MPs’ statements, but the numbers themselves raise doubts & doubts.

At the beginning of 2023, PM Muhammad al-Shia’ al-Sudani considered the previous sales of the Dollar, which amounted to between 200 & 300 million Dollars per day, to be exaggerated numbers, & not commensurate with the volume of supposed imports.  After sales decreased to Only 50 million Dollars a day.

 

Al-Sudani concluded that the market does not show the disappearance of some goods or confusion in trade, which proves that the previous amounts of sales are illogical.

 

300 Million Dollars A Day…Sales Return To Their “Suspicious” Level.

But… after less than one year, how much are Dollar sales today?… Nothing new…

Sales have returned to the levels that Al-Sudani himself criticized, as Dollar sales currently touch $300 million per day, even though imports in the market do not show a significant change.  About the previous…what happened?

 

$8.1 Billion.. The CBI Breaks A Sales Record In October 2024.

Perhaps no one knows exactly what is happening… except that the CBI has begun to break records in its monthly sales of the Dollar.

 

Last October, the Central Bank broke a record in Dollar sales amounting to more than 8 billion Dollars, a number it had never recorded before.  In general, the year 2024 was the year of breaking records in dollar sales.

 

In some months, sales reached more than 7 billion dollars, after the normal average sales in the past two years were at best.  It does not exceed $6 billion per month.

 

What the CBI Sold In 2023 In Dollars, It Achieved In Just 9 Months In 2024.

In conclusion, in 2023 the CBI sold about 55 billion Dollars, while in 2024 & until October, sales amounted to more than 65 billion Dollars & with greater scrutiny, what the CBI sold during the entirety of 2023, it sold within only 9 months in 2024.

 

 

The CBI Moves Its Secret Vaults To Its New Building.  An Explanation Of The Truth Of The Claim

An informed source revealed the fact that the  secret cabinets of the CBI were transferred from the old building to the new one on Abu Nawas Street in Baghdad. 

 

The source told “Baghdad Today”, “The information that spoke about the transfer of secret tanks & tanks that were underground in the old CBI building on Al-Rashid Street to the new building on Abu Nawas Street during the census curfew is absolutely incorrect.”

 

He added, “The final touches in the CBI building are still being worked on by the relevant authorities & transferring anything to the new building is normal & does not involve any secrecy.

 

It is all taking place under the supervision of the relevant authorities, whether security or otherwise.”

 

Social networking sites circulated information about the transfer of secret tanks & tanks that were underground in the old CBI building on Al-Rashid Street to the new building of the bank on Abu Nawas Street during the days of the census curfew.

 

The PM’s Advisor Announces The Assignment Of Two Int'l Companies To Study The Iraqi Banking Market.

The financial advisor to the PM, Mazhar Muhammad Salih, announced today, Sunday, that the government is in the process of possessing a banking system based on the principles of a competitive market, while indicating that two international companies have been assigned to study the Iraqi banking market.

 

“The government strategy for banking reform began with the government banking sector under the supervision of the PM & is based on isolating government financial operations from the activity of developing the banking market, given that the government banking sector in its current, traditional form dominates 88% of banking activity.” The country has made government banking operations mixed with market activity.”

 

He added, “We are waiting for the birth of a banking system owned by the government, but based on the foundations of a competitive market in providing banking services & achieving actual financial inclusion & digital financial inclusion & is consistent with the digital payments policy that our country has been pursuing vigorously for more than a year,” pointing out that “the private banking sector is the the other is going through an evaluation stage & there are opportunities for voluntary merger between more than one bank, among which there is an international strategic banking partner.”

 

He stated that “the objectives of banking reform in Iraq will end with a high merger that achieves

competitiveness, homogeneity, compliance & governance within the Iraqi banking market & achieves the integration of the national banking market with the global market,” noting that

“the entire issue is being closely followed by PM Muhammad Shiaa Al-Sudani after

assigning two international companies.” By studying the Iraqi banking market & according to a new vision that is consistent with the national economy’s need for credit & investment & mobilizing the public’s accumulated resources to ensure the national income cycle is more stable & efficient.”

 

As for the private sector, Saleh explained that “the launch of the philosophy of development partnership between the state & the private sector was embodied for the 1st time in the
government granting sovereign guarantees to the private industrial sector to collect global loans to finance production lines for the most important industrial projects from the countries of the  European Union & Japan, which lead the future of development.”

 

Five levels of industries begin with ensuring financing of infrastructure industries linked to the path of development, the pharmaceutical industry, petrochemicals & refining & end with important
digital industries, without forgetting the interest in supporting the agricultural sector & farmers in protecting “The country’s food security stems from the production of important strategic food crops.”

 

He stressed that “the government has not neglected to proceed with the national strategy for the private sector, which hopes that the private sector‘s contribution to the country’s gross domestic product will rise from 37% currently to more than 54% in the coming years, by

providing opportunities to nurture the private sector through financing support.”

 

Governmental development projects, whether through the Iraq Fund for Development or the

Riyada Bank (mixed sector), which was established by the CBI to advance the role of the private sector in development & raise growth rates in its investments & contributions to the country’s gross domestic product.

 

According to the private sector development strategy that the government has adopted for years.”

 

 

[Luigi1]

There's excitement in the air...everybody's excited.

 

 

TNT:        Very Excited.

Ray said he is very excited.  When asked between 1 & 10.. with 10 being the highest… Ray said he is at 12.

 

Bruce The Goose:        Super excited.

So I am super excited about that.

 

MarkZ:        Excited.

I'm excited & my bankers are even more excited than me.

 

Wolverine:        Excited.

We are definitely going to have a good Christmas.

 

 

[rvmydinar]

16 hours ago, Luigi1 said:

There's excitement in the air...everybody's excited.

 

 

TNT:        Very Excited.

Ray said he is very excited.  When asked between 1 & 10.. with 10 being the highest… Ray said he is at 12.

 

Bruce The Goose:        Super excited.

So I am super excited about that.

 

MarkZ:        Excited.

I'm excited & my bankers are even more excited than me.

 

Wolverine:        Excited.

We are definitely going to have a good Christmas.

 

 

Nope. Noone is getting excited ,except gurus at this moment in time. That's for sure.

[rvmydinar]

19 hours ago, Luigi1 said:

These articles Shout Out RV-RI at the beginning of the new year.

I amn't going to be surprised either if it means more delays delays and delays again. This is Iraq we're talking about.

[md11fr8dawg]

And if the gurus are pooping their pants excite, you know it's another Dud!!!

[md11fr8dawg]

My take on this is, now that "The Man" Trump is back in office, the tension in the ME will calm considerably. He will put an end to Iran's meddling in Iraq's affairs (I hope) and help stabilize the country so that it can RV. Just my 

[Luigi1]

1 hour ago, md11fr8dawg said:

My take on this is, now that "The Man" Trump is back in office, the tension in the ME will calm considerably. He will put an end to Iran's meddling in Iraq's affairs (I hope) and help stabilize the country so that it can RV. Just my 

 

OBiden still has two months to start a new war. 

He can still do a lot of damage between now & Innauguration day.

Go MAGA.  Go RV.

[umbertino]

1 hour ago, rvmydinar said:

Nope. Noone is getting excited ,except gurus at this moment in time. That's for sure.

 

So called gurus to be exact

[DinarDavo]

1 hour ago, md11fr8dawg said:

My take on this is, now that "The Man" Trump is back in office, the tension in the ME will calm considerably. He will put an end to Iran's meddling in Iraq's affairs (I hope) and help stabilize the country so that it can RV. Just my 

 

Let's hope so.... when a delegation from Iraq visited during Trump's first term he concluded, "The biggest bunch of crooks he had ever met".

[BETTYBOOP]

Here is my opinion....Despite all the positive news, if we don't see the lower denominations released before Christmas , there will be no RV / RI in the new year. Even if we do see them I don't believe anything will move forward until after the inauguration.  We  are all well aware that the current administration could put a huge spanner in the works between now and the inauguration.  It could be enough to delay TRUMP taking office and that would delay any RV /RI. I hope i am wrong but just my opinion .

Edited November 26, 2024 by BETTYBOOP

[Luigi1]

27 minutes ago, BETTYBOOP said:

Here is my opinion....Despite all the positive news, if we don't see the lower denominations released before Christmas , there will be no RV / RI in the new year. Even if we do see them I don't believe anything will move forward until after the inauguration.  We  are all well aware that the current administration could put a huge spanner in the works between now and the inauguration.  It could be enough to delay TRUMP taking office and that would delay any RV /RI. I hope i am wrong but just my opinion .

 

Pray OBiden don't get us into a war between now & Innauguration day.

There's still two months left for OBiden to do a lot of damage & he's Cabal controlled.

It looks like OBiden is ruffling Putin's feathers trying to start a war.

If OBiden becomes a war time president with powers to call in martial law & call off the election...then we are screwed.  The entire world is screwed.   IMHO.

[md11fr8dawg]

The election has already occurred and if they try to delay Trumps inauguration there will probably be a war here in the USA. This Admin is very very dangerous!

[screwball]

On 11/26/2024 at 5:35 AM, Luigi1 said:

Whenever the conditions & factors necessary for transfer operations or demand for foreign currency are available, CBI is ready to deal with this demand

 

[screwball]

On 11/27/2024 at 2:58 AM, BETTYBOOP said:

Here is my opinion....Despite all the positive news, if we don't see the lower denominations released before Christmas , there will be no RV / RI in the new year. Even if we do see them I don't believe anything will move forward until after the inauguration.  We  are all well aware that the current administration could put a huge spanner in the works between now and the inauguration.  It could be enough to delay TRUMP taking office and that would delay any RV /RI. I hope i am wrong but just my opinion .

the talk and plan has always been rv when Iraqs bank are closed they open with new rate and lower denoms for changeover and then banks in US and many other countries are also closed for several days....this makes sense

[Luigi1]

9 hours ago, screwball said:

the talk and plan has always been rv when Iraqs bank are closed they open with new rate and lower denoms for changeover and then banks in US and many other countries are also closed for several days....this makes sense

 

Dec 10th, Iraq Victory Day, will be a very good window.

Sudani declared an extended holiday the week of Dec 10th.

Maybe he will have some good news for the citizens.  Go RV.

[Artitech]

On 11/26/2024 at 10:39 AM, Luigi1 said:

 

Pray OBiden don't get us into a war between now & Innauguration day.

There's still two months left for OBiden to do a lot of damage & he's Cabal controlled.

It looks like OBiden is ruffling Putin's feathers trying to start a war.

If OBiden becomes a war time president with powers to call in martial law & call off the election...then we are screwed.  The entire world is screwed.   IMHO.

Believe it or not folks this is real possible that a nuclear weapon could be detonated in Ukraine. I heard this morning (Thanksgiving) that Putin bombed the electrical grid there in Ukraine. That’s not a good place to be in winter without electricity! This war is definitely intensifying! My only hope is Putin will at least give President Trump a chance at cutting off funding and weapons to that mad man in Ukraine! If you have boys are grandsons coming fighting age you better get up off your a$$ and start calling your congressman and senators demanding that they stop Biden from getting us into WWIII, if hasn’t started already! JMHO!

[BETTYBOOP]

I am fortunate that I have no kids but I have nephews of fighting age. I don't want starter to have the power to conscription them or other British citizens. The USA & UK have plenty illegals of fighting age they can send first. Both countries are falling apart. The USA has trump on his way. The UK HAS NOBODY at the minute 

[screwball]

4 hours ago, Artitech said:

Believe it or not folks this is real possible that a nuclear weapon could be detonated in Ukraine. I heard this morning (Thanksgiving) that Putin bombed the electrical grid there in Ukraine.

yes nuclear scare event on its way before Jan

[md11fr8dawg]

I hope not, but I fear this could be Joe’s final gift of failure to the USA and his wonderful history making legacy!!!

[screwball]

1 hour ago, md11fr8dawg said:

I hope not, but I fear this could be Joe’s final gift of failure to the USA and his wonderful history making legacy!!!

Trumps already squeezing Ukraine forcing them to the ceasefire negotiation table…Putin knows he needs to hold out to Jan inauguration! Then trump and Putin will fix….Putin doesn’t want war we have all learned that MSM cannot be trusted…

[screwball]

Trump has said he will freeze all aid unless they come to the party…