IQD Stability Is Strong Due To Gold Reserves.

[Luigi1]

Here's some articles of Dinarian interests...

Direct From The SANDBOX Report.

Treat as rumors.  Not verified.  Your opine.

 

 

FROM IRAQI SOURCES:   Iraqi Gold Reserves.
 ARTICLE:  Mohammed Sharif Abu Maysam: amid the ongoing tensions in the world & the Middle East, purchasing gold is among the most important options for diversifying monetary reserves.
 
This is crucial to  counteracting political fluctuations that directly & indirectly impact the economy & the inflationary situation, which impacts overall market prices, including exchange rates & the prices of goods & services.  This is a key element in ensuring a significant national security instrument.
 
Gold is economically known as a safe haven against the volatility of currencies & prices in energy and other commodity markets under complex circumstances.

 

Accordingly, the components of monetary policy in our country (which was & still is under the influence of int'l & regional factors & variables, in addition to a set of internal data & speculation that is constantly returning to the forefront to have a significant impact on market movement & monetary stability) are in dire need of diversifying reserves and increasing their savings in gold,
 
which is distinguished from other reserves by its ability to maintain its material value under various circumstances.
 
The CBI recent announcement that Iraq possesses one of the highest gold reserves among Arab countries, at 162 tons, had a positive impact on observers & the general public.
 
It had a positive impact on public opinion on the street, increasing the confidence of the banking public & those following monetary policy.
 
This, in turn, establishes a public opinion that trusts the local currency & the national economy.
 
It is well established that gold has an advantage when compared to paper currency, which has no fixed assets.
 
This gives the national economy a high degree of stability & reliability, even in the event of shocks resulting from changes or decisions issued by international bodies that attempt to link the Iraqi economy to their own decisions.
 
The greater the gold reserve compared to cash reserves (which are supposed to be diversified), the greater the ability of the person in charge of monetary policy to ward off any risks that may befall the economy, while also activating the role of other real sectors and increasing their contribution to the gross domestic product.
 
In the context of our ambitions, we hope that Iraq will occupy a prominent position on the list of countries with rising gold reserves.

 

This position not only provides monetary policymakers with flexibility in decision-making, but also contributes to providing the overall economy with a buffer against anticipated economic problems amid the fluctuations witnessed in our region & the world.

 

It also strengthens national security, which is linked to economic security.

 

Government Banking Reforms & Their Role In Bypassing Sanctions. A Banking Researcher Explains.
The Iraqi government, in cooperation with the CBI, has prepared a plan of (3) main objectives in cooperation with an American consulting company, (Olver & Amin), to reform and modernize the banking sector, with the aim of enhancing the protection of depositors & creditors &
improving confidence in the sector, after difficulties related to the transfer of funds & American restrictions.

 

After the sanctions, the term “messaging accounts” emerged.
 
Mustafa Hantoush, an expert in financial & banking affairs, confirms that private banks have faced major problems, most notably US sanctions,  which necessitated a detailed study to change the situation affecting these banks.

 

Speaking to the Iraq Observer, Hantoush said, “Regarding  the private banking sector, which has faced problems over the past three years related to US sanctions, the term ‘correspondent accounts’ emerged as Iraqi banks faced operational disruptions & the state attempted to address the situation in collaboration with an American consulting firm called Oliver & Amin.”

 

He added,  "The American firm Oliver & Amin conducted studies on sanctioned Iraqi banks over a five-month period & submitted a three-point report, the 1st of which is that companies with real capital can develop themselves & circumvent sanctions by opening future accounts with JPMorgan."

 

He continued, "While there are private banks that lack the necessary capabilities, they are merging with int'l banks, which is a step available to them."  He added, "Regarding the 3rd point, which concerns banks facing liquidity problems, they may face collapse & exit the sector."

 

He pointed out that “the steps to amend (government banks) have begun to accelerate towards the step of establishing Rafidain & Rashid Banks, but the special nature of these banks remains that they have large int'l obligations, including those related to debts during the Iran-Iraq war.

 

However, at the same time, a huge bank will be formed through these banks, stronger than the TBI & it will be the hand of the new state to enter into banking operations.”
 
The person in charge of financial & banking affairs stated that "the government established the First Rafidain Bank, which contributes 24% to the state & 76% to the private sector."
 
PM Mohammed Shia al-Sudani had previously sponsored the Iraqi Banking Sector Reform Conference, emphasizing that the government assumed responsibility amid a complex economic climate that required measures to achieve stability & ensure growth.

 

He pointed to the achievements made in the financial, banking & economic sectors, which represented positive steps toward establishing a solid foundation for development & investing in stability.  

 

The CBI Concludes Its Session On The Basel Committee's Decisions.
The Banking Studies Center at the CBI concluded its course on the Basel Committee’s decisions & the  Self-Assessment of Capital Adequacy A (ICAAP) in accordance with the 2nd pillar of Basel (3) decisions.
 
(53) trainees from the departments of Finance, Risk, Internal Audit, Credit, and Compliance in a number of Iraqi banks participated in the course.
 
The training program for the participants included a complete vision of the Basel Committee’s decisions (3), especially the 2nd pillar of those decisions related to the self-assessment of capital adequacy, as well as identifying the practices related to calculating (ICAAP)
to reach an understanding of the skills of assessing capital adequacy.    CBI Media Office.     
 
Nour Najah Abdullah  Given The Economic Challenges Facing The Country, Tax Reform Is At The Top Of Government Policy Priorities.
 It is a crucial step toward reducing reliance on oil revenues, which continue to constitute the backbone of the General Budget.
 
Although tax revenues in Iraq do not exceed 1 to 2 percent of GDP—a low figure compared to int'l standards—there is broad consensus among experts on the need to move forward with comprehensive & radical reforms that will contribute to building a fair, effective & balanced tax system.

 

Financial and economic experts believe that the starting point for reform is to expand the tax base to include all economic activities, whether in the formal or informal sector, while ensuring that the liberal professions & the service and commercial sectors contribute to the public treasury.
 
This requires a comprehensive update of taxpayer records, through the creation of an accurate central database encompassing individuals, companies, & institutions, enabling the tracking of income & the accurate and transparent assessment of tax liabilities.

 

Experts stress the importance of adopting a progressive tax system that imposes higher rates on high-income & large-profit individuals, while granting tax exemptions or reductions to low-income families & individuals.
 
This is intended to achieve social justice & reduce the economic gap between social classes. 

Amending Income Tax Law No. 113 of 1982 is also urgent, given its outdated provisions & their failure to keep pace with the economic & financial transformations that Iraq has witnessed over the past decades.
 
Speaking to Al-Sabah, economic expert Nabil Jabbar Al-Tamimi argues that  true reform can only be achieved through a radical change in the legislative & institutional structure.
 
He calls for rewriting tax laws to align with the nature of the contemporary Iraqi economic system & for the establishment of a new authority built from scratch and managed by young cadres who have never worked within the traditional tax system, but rather possess academic qualifications & experience in global tax systems.

 

Al-Tamimi also emphasizes the need to fully automate the system & utilize technology in all aspects of the process, from assessment to collection, to enhance efficiency & transparency & reduce the opportunities for manipulation & corruption.
 
For his part, economic expert Ziad Al-Hashemi told Al-Sabah that the most prominent challenges facing the tax system in Iraq are the outdated legislation & administrative mechanisms in place, which have led to weak tax coverage & declining collection efficiency.

 

He believes that modernizing the system requires simplifying procedures, increasing the efficiency of staff, developing internal oversight tools & enhancing transparency in the relationship between citizens & the state, which will reduce tax evasion rates & increase voluntary compliance.

 

Financial expert Safwan Qusay points out that tax justice cannot be achieved without accurately digitizing & documenting income across various sectors, including agriculture, trade & services, while raising exemption limits for individuals & poor families to protect them from the negative effects of the reform.
 
He suggests tracking the bank accounts of companies and individuals to verify sources of income & spending patterns, which would contribute to building a clear picture of taxpayers' financial solvency.

 

In a statement to Al-Sabah, he called for linking the tax to citizens' desires for public spending, so that a percentage of it would be directed to specific sectors such as education or health, based on the taxpayer's choices.
 
This would enhance community oversight & confidence in the effectiveness of the tax system.
 
In contrast, Mazhar Mohammed Saleh, the Prime Minister's advisor for financial affairs, confirms that the government has already launched eight tax reform packages, the most important of which are the introduction of new segments of market forces that previously evaded taxes & the adoption of electronic collection to reduce friction between citizens & employees.
 
Saleh compares Iraq to countries like Denmark, where income tax amounts to approximately 46 percent of GDP.
 
This explains the ability of those countries to fund high-quality education, health & social security.
 
In Iraq, this percentage does not exceed 2 percent, reflecting the fragility of the tax base & the continued overreliance on oil revenues.
 
Saleh points out that the government's program aims to increase non-oil revenues to 20 percent of total public revenues in the near future, up from the current rate of only about 7 percent.
 
This will be achieved by expanding the taxable population, adopting modern technological systems & amending legislation, including the Income & Property Tax Law, which has not been updated in more than four decades.
 
Despite the clarity of the reform vision and the multitude of initiatives, challenges remain, most notably the lack of trust in tax institutions, the inadequacy of technical infrastructure, & the absence of a culture of voluntary compliance among broad segments of society.
 
Furthermore, there is a lack of good governance in directing tax revenues toward development spending.
 
Observers believe that success in this vital issue will only be achieved through strong political will, profound administrative reform & an effective partnership with the private sector & civil society to build a modern and fair tax system that keeps pace with Iraq's aspirations for development & economic stability.    

 

 

[Luigi1]

Here's another article of GCR interests...the reset...

 

FROM OTHER SOURCES.  THE GLOBAL CURRENCY RESET (GCR):

ARTICLE:  THE MOAB HAS DETONATED The GCR—aka The Mother of All Bombs—has been triggered. 

Treasury-backed Rainbow Notes are live in test markets.

The old Fiat system is disintegrating.

A 10-day shutdown will (allegedly) activate the Emergency Broadcast System (EBS) & following a three-day Quantum Blockchain Election, governments will reset under new leadership—downsized by 90%.

[Luigi1]

Here's another article of Dinarian interests...Ready...

 

 

Wolverine:  Ready.

ARTICLE:  Everything is ready to go,

Just waiting for the Green Light.

Not long to go guys.

[Luigi1]

Here's Mzs two cents worth...Lower denoms are out...

 

THREAD:   Lower Denoms Are Out...

Member: Mark How much of the bonds need to be processed before we go for 4B appointments?

MZ: I was always told somewhere between 30%- 40% would need to be processed before they pull that trigger.

MZ: On the bond side I know some folks with big meetings today. We will see if they do indeed get their funding. We are seeing great movement and daily updates of great progress this week & last. The question is: When do we reach the crucial mark before they release the currencies?

Member: I wonder how many layers are there between your T3 guys & T4?

MZ: I was always told we would get our announcements within a few days of hitting the 30-40 % . I think we are approaching that threshold now.

Member: Bo Polny showed an interesting financial chart from 1929 & this year it looks exactly the same

MZ: We are in a depression cycle similar to 1928. Without a reset – this is scary. They are sure talking a lot about a reset. I mentioned this last night but Jim Rickards ( a economist) just said that $157 Trillion in a sovereign fund for the US would unleash prosperity in the US like nothing we have ever seen before. I think this is interesting timing.

Member: Franks bank contact bluntly said new currency at the CBI!

Member: Frank26’s bank contact, Aki, told Walking Stick yesterday that the lower notes are in the CBI.

MZ: I am hearing those stories too. Including cut sheets. But I have not seen any in circulation yet. But I believe they are printed & ready.

Member: BREAKING: The Abu Dabi (UAE) securities exchange ( ADX) signed an agreement with the Iraqi stock exchange and to join the Tabadul platform.

MZ: “Parliamentary finance rules out adjusting the price of a barrel of oil”  right now there are mechanisms in the budget to adjust the price of oil down to $60 a barrel. There is no need to panic.

Member: A golf buddy works in Iraq. He was back this week and said the Dollar is illegal there now. So that was confirmed from someone that works there.

MZ: “Americans to extend their stay in Iraq for another 3 years” With Isis possibly gaining ground in Syria. Iraq and the US sat down to extend security guarantees. This is separate for the UN missions.

Member: If you do the math, gold will need to be$10k/ounce to cover the paper dollars in circulation.

Member: Mark, what do you think of the rumor from Iraq stating they’re looking at changing the rate to $1.32?

MZ: I have never seen the rate of $1.32. Don’t remember seeing Iraq saying that.

Member: Bruce said the dong rate will be higher than we think.

MZ: I keep being told that as well.

Member: I heard that Vietnam is talking with the UST ad setting everything up.

MZ: That is exactly what they are doing. Vietnam is right now in open talks with our Treasury. The US says it’s time to stop manipulating your currency & raise it.

MZ: “ Digital currency & the dollar”  BRICS has been trying to come up with a currency to stop using the USD. Trump is pushing them to not abandon the dollar. What would other options be? How about a gold backed digital currency. This would solve all the problems. They are also talking about a future system they are already working on. The Amberge system. I am trying to figure out what that is. More on that later.

Member: 2 dinar websites put out to expect notifications tomorrow. Never heard specific dates before, but hope they are right.

Member: After watching this, we’ll have to watch the John Dowling podcast with MarkZ.

MZ: Jon brought a lot to the table and I do enjoy my time with Mr. Dowling. 

Member: People think we have no power here to make this reset happen. We get what we focus on. We have two options: depression, both mentally & economically; or hope of a reset & abundance & prosperity.

Member: I can’t wait to retire. What a great time to be alive.

Member: I think we are exactly ready to Re- value I’m not scared & I am seeing too many things going on with many coms, the waiting is just difficult.

Member: May you all have a beautiful & blessed day!

[Luigi1]

Here's WS two cents worth...Aki report...

 

Walking Stick Iraqi Bank Friend Aki report:

ARTICLE:  WALKINGSTICK:  Where are the new lower notes?  Where’s the new currency? 

AKI: The new currency at the CBI bank right now.  

WALKINGSTICK:  Okay! – Walkingstick commentary:  Aki was very adamant about the lower denominations being at the CBI right now. 

The look on his face told me this is no B.S. 

When Aki says something it’s not an opinion or a question, it’s a statement.

Aki would not spilled it out that way if they were not real.

Aki doesn’t care about the ER like you & I do.

He’s running the bank for his boss. 

Aki will make no money, his boss will make no money off the new ER. 

You will. 

But Aki will profit via people coming into his bank to exchange the three zero notes for the American dollar.