[size=30]MilitiaMan Sunday PM: "Fully Sovereign Means They Are 100% international" 9-26-2021[/size]
KTFA:MilitiaMan: Adviser to the Prime Minister sets the conditions for re-exchange of the dollar to the previous rate
09/26/2021 16:01:15
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, set the conditions for reconsidering the exchange rate of the dollar against the dinar and returning it to the previous rate.
Saleh told {Euphrates News} that "restoring the dollar exchange rate to its previous era requires a number of things and a period of time," stressing "the country's foreign currency reserves must be stabilized by addressing the budget deficit as well as improving the economy."
He stressed that "this matter cannot happen in the short period, according to the current economic fluctuations and the general economic policy, which is difficult for anyone to speculate on its current conditions." The exchange rate previously between 2006 and 2008, according to the Iraqi reserves of foreign currency.
It is noteworthy that the Central Bank of Iraq decided on January 19 last to make a significant change in the dollar exchange rate, as follows:
1450 dinars per dollar, the purchase price of foreign currency from the Ministry of Finance.
1460 dinars per dollar, the foreign currency sale price for banks.
1470 dinars per dollar, the price of selling foreign currency to the public.
The Central Bank's decision caused a rise in prices for foodstuffs, consumer goods and commodities, which negatively impacted the standard of living of citizens and exacerbated unemployment.
LINK
MilitiaMan: The financial advisor to the PM set the conditions for reconsidering the exchange rate. They sure did. They devalued the currency 12/20/2020. A move that did nothing for the citizens but harm them with 33% increase in pricing of goods and services, etc..
We can see the negative effects on an going basis. Demonstrations are gearing to get started again. The citizens want their rights now not later. It is not the parliaments job to change the exchange rate. It is the GOV via the independent CBI to do so.
So when they say they cannot in the short period of time, they have had plenty of time already, as the devaluation is pushing a year old now and the project to delete the "Three Zeros Project" has been underway for many years and even now the White Paper on Reforms has been underway for a lengthy time as well.
We too see that the currency reserves are stable. They show us they have increased. A Decrease is unstable, where are an increase is strengthening and stabilizing in effect.
I am not sure why he says it is difficult to speculate when there is support for the positive effects on different revenue streams coming on a regular basis.
Oil is at $78.00 a barrel. They are activating borders digitally. They are selling LNG and not firing it. They have mining assets that are world re-known that will create jobs and more jobs and not only for Iraq, but, her neighbors.
So the difficult thing about speculation may be asked, "Why has the digital transformation not interlinked globally yet?"
The answer may very well be, it is underway and needs a time frame that links partners globally all at a time that is cohesive for smooth interconnectivity with communicable systems for clearing trade at borders and abroad.
A level and transparent playing field is required with minimal shocks to markets. ~ MM
LINK
Al-Hashemi calls on the government to focus on the digital economy.
"Al-Hashemi praised the government’s tendency to establish a youth support fund with an amount of 30 billion dinars, which supports technical projects, which contributes to the development of the Iraqi economy and makes young people go towards pioneering projects, pointing out that the private banking sector has begun to publish electronic payment tools in all the country, and requires Shop owners need to use a Pos device to organize the buying and selling process, reduce theft, waste, and more.
**************
MilitiaMan: We know the BUNA system has it's second addition to the FINTECH Glossary for guidance on and for the new BUNA Platform for clearing foreign currencies. So, effectively the President speech at the UN on 09/23/2021 spells out the progress and one of the items he mentions is Iraq being fully Sovereign.
To be fully sovereign means they are 100% international.
Thus they'll need to show the world they are fully so. That is where the CBI comes in.
The CBI will have the help of the powers that be at the highest levels of Global Finance to facilitate a smooth transition along the way, as they have in the past and will into the future. We see the activation(s) of borders in the news again today.
Also we see the statement below supporting they have now new electronic systems and are moving to a cashless society.
To move to a cash-less society is to be digitized. Which, begets another key point from the President at the UN meeting, being a topic on corruption, anti money laundering, recovering of assets, etc.. Those things can be attained with having integrated into a new block chain system.
The new system that is being ushered in imo is about to be sprung now, as there has been years of preparation already completed and more is to be as we go along faster and faster. The new technologies will usher it in like gangbusters.
The reconstruction efforts of not only Iraq are about to interlink. The globe is fully ready and expectant now in the Middle East, Asia, America, Europe, etc.
Norway has even denounced COVID-19 as the common flue or cold. The mask that has been the effectively a propaganda prop to usher the new system in, the mask will likely be going by the way side, just as Norway did yesterday or so. imo ~ MM
[url=https://www.amf.org.ae/sites/default/files/research_and_publications/Publications On AMF/2021/en/Fintech Full Glossary 2nd ed final.pdf]https://www.amf.org.ae/sites/default/files/research_and_publications/Publications%20On%20AMF/2021/en/Fintech%20Full%20Glossary%202nd%20ed%20%20final.pdf[/url]
******************
LINK
The Central Bank succeeds in stimulating the economy and reforming the banking sector in 2021
It also implemented the strategy of the Central Bank with regard to developing electronic payment systems and moving to the cashless society. The number of ATMs operating in our banks reached (1300) tellers and points of sale with up to (5) thousand points of sale, and the number of activated bank cards reached (12) million cards. The other important aspect that the bank has done, and our banks have played an active role in its implementation, is the commitment to international rules and standards for compliance, anti-money laundering, financial reporting and risk management..
**************
LINK
After the rise in oil prices .. Surprising statements from Parliamentary Finance regarding the price of the dollar and the 2022 budget
He added, "There will be no budget in 2022, and the government will rely on the Financial Management Law - Article 27, and it will work according to the 2021 budget."
***********
Public Traffic announces tomorrow, Monday, the date for opening all Baghdad streets
09/26/2021 19:11:59
The Director of General Traffic, Major General Tariq Ismail, announced, on Sunday, that the streets of Baghdad will be opened by 100%, tomorrow, Monday.
Ismail said in a press statement, "The controls and most of the pavilions of the processions for the fortieth visit were removed from the streets of Baghdad, as well as the streets were opened, except for two locations, one of them in Karkh and the other in Rusafa."
He added that "the streets of Baghdad will be 100% open tomorrow morning."
"Iraq, a safe, stable and fully sovereign." Pres. of Iraq 13:55 minuts in real close. LINK
MilitiaMan: They will have 100% access to the streets. I wonder if that means they can access the thousands of new ATMs and be able to use the millions of cards to activate a new Sovereignty? The UN video described Iraq as being safe, stable and sovereign meeting place. Let see what happens by opening up 100% of all streets in Baghdad.. ~ MM
MilitiaMan: As mentioned before there is a concerted effort to support digital transformations around the world. Here is more support for my view on the matter of it is not only about Iraq, but, it very well me be about Iraq being a lynch pin for the transformation.
Again, this effort is not new appears to now have the timing on our side to come to fruition. I mentioned the powers that be.. Well the IFC and WORLD Bank are supporting Viet Nam just as they have with Iraq..
The stage has been set by Iraq at the UN as being Safe, Stable and Sovereign.. imo ~ MM
************
"IFC is the largest global development institution focused on the private sector in developing countries.
IFC, a member of the World Bank Group, advances economic development and improves the lives of people by encouraging the growth of the private sector in developing countries."
LINK
Productive and diversified private sector key to Việt Nam’s economic transformation
The report, conducted by IFC and the World Bank, which was launched yesterday, said while the private sector has played a frontline role in Việt Nam’s outstanding development in recent years, it’s now time to fully exploit the potential of this sector to boost productivity growth.
» utube 7/25/24 MM&C Iraq Dinar Update - IQD Revaluation-Key Indicators - Deposit Insurance -Arbitra
» utube 7/23/24 MM&C Iraq Dinar-Prime Minister Advisors-Saleh-Al-Nusairi-Facts bringng facts-Reforms
» Al-Jawahiri: Iraq continues to increase its oil production.. Is this OPEC’s role?
» Al-Sudani pressures factions to calm escalation against Americans, seeks Tehran's support
» A 40 km deep void threatens Iraq.. Baghdad and Erbil agreed but "without training, a base and an air
» Iranian sources to Baghdad Today: Tehran has not reached an agreement with Baghdad regarding the ent
» China accuses NATO of stirring up strife in 4 countries, including Iraq
» Within a week.. more than one billion dollars in sales from the Central Bank of Iraq
» "Billions of Dinars" Disbursed to Political Parties from 2024 Budget as "Financial Grants" (Document
» "An ill-considered decision".. The heart of Baghdad is exposed to financial losses
» With documents.. Billions of dinars in grants were disbursed to parties from the current year’s budg
» "He returned from Iraq doubtful." Will Vance change his country's policy in its wars outside its bor
» Quadripartite meeting in Baghdad stresses the need to support the development road project
» The Minister of Oil inaugurates the first phase of the central processing station in the Al-Faiha oi
» Bitcoin regains $67,000 level... and Ethereum jumps 4%
» Oil Products launches a fuel card to provide citizens with kerosene in Nineveh
» "Criticism" haunts the work of the Iraqi negotiating committees in Washington regarding the presence
» Ministerial Swaps: The High Price of Being Speaker
» Hussein Arab: Parliamentary bodies added 2.5 trillion dinars to the governorates in the budget, whic
» Four countries meet in Baghdad to support the development road project
» Call for investigation after the overthrow of a smuggling network in the North Oil Company
» Oil MP rules out oil and gas law
» Rule of Law: General amnesty includes those who committed ordinary crimes, not terrorists
» MP identifies the paragraph that delays the settlement of the salary scale
» The Kurdistan National Party welcomes Al-Sudani's initiative to end the Kirkuk problem
» 42 projects allocated to the second largest district in Basra
» Wasted budgets.. Estimates reach 450 billion dollars and the money of "Iraq's rich" is equal to 9 co
» Within months.. Al-Imar: The amount of loans disbursed amounted to about 750 billion dinars
» $100 million Iraq's citrus imports in 6 months
» Pilot plan in Erbil: Electricity for all citizens within 24 hours
» Contrary to expectations: The Iraqi passport is in its best condition in 8 years
» Parliamentary exclusion of the legislation of the oil and gas law during the current year
» The National Union announces to the region’s employees: The salary crisis has ended after linking it
» Immigration confirms the increase in the number of people wishing to return to their original areas
» Baghdad.. Launching a link to work as a researcher in the general population census
» Three suspects arrested for receiving 6 million dinars in exchange for completing a retirement trans
» Report highlights Trump's vice president's shifts in Iraq war
» Al-Sudani stresses the importance of putting the interests of Kirkuk people first in any agreement b
» Due to illusory political achievements.. Warnings of Sinjar people being displaced again - Urgent
» Warning and fears of the exploitation of political money in the Kurdistan Parliament elections
» During a week.. more than 15 billion dinars in "non-oil" imports for two governorates and two local
» Mazhar Muhammad Salih points to the weakness of the cash credit ratio in private banks
» Parliamentary efforts to amend the investment law to improve the Iraqi economy and attract foreign c
» Economist reveals reasons for rising prices of goods and products: lack of government support and ex
» Al-Halbousi imposes “difficult conditions” on the ruling coalition
» Requesting 25 million to close the case of a drug suspect.. Integrity arrests an impersonator in a “
» Government attempts to rescue Iraqi industry from imports.. Will local support succeed?
» Political parties control the sale of the dollar.. A new threat to the stability of the national eco
» Water scarcity and environmental degradation threaten cotton in Iraq.. Farmers demand urgent solutio
» In a Security Council session, Iraq calls for an immediate ceasefire in Gaza
» Stability of dollar prices in local markets
» New jobs in Baghdad
» Alsumaria News publishes the link to apply for "new jobs"
» Parliamentary Investment: Amending the Investment Law will eliminate exceptions
» Dollar exchange rates in Iraqi stock exchanges
» MMK&C 7/21/24 Government Advisor: Adopting auditing of foreign transfers contributes
» MM&C 7/21/24 Proposed measures to address the rise of the dollar
» Iraq ranks high in income inequality among citizens
» Within months.. Al-Imar: The amount of loans disbursed amounted to about 750 billion dinars
» Parliamentary Integrity confirms the start of opening the files of former officials
» Iraq and the German Development Bank sign an amendment to the loan agreement to finance a number of
» Regional oil...between export ban and smuggling suspicions
» Economist: Faw Port is an important step towards sustainable economic development and a major gatewa
» Parliamentary Investment "Mocks" Solution to Housing Crisis in Complexes: "Joke" and Government Must
» Multi-million dollar agreement to support Iraqi agriculture
» From Chaos to Law.. The Crowd Breathes with the First Reading of “Service and Retirement”
» Oil Minister inaugurates first phase of associated water injection project in Rumaila field
» Water Resources: The reality of desertification in Iraq is better than before
» Disappearance of 50,000 Pakistani tourists in Iraq.. Government position: We will start the investig
» Iraq reveals the value of its agricultural exports: 400 thousand tons in 6 months
» Electricity directs the rapid implementation of the solar power plant project in Khanaqin
» Worth $20 billion.. Iraq is second in trade exchanges with Iran
» (56) megawatt card.. Opening of the gas power plant in Majnoon field
» Parliamentary Committee: Amending this law will address many problems
» Iraq and the German Development Bank (KFW) sign an amendment to the loan agreement to finance a numb
» Finance discusses regulating the work of government banks with international auditing firm Ernst & Y
» The Prime Minister receives the approval of the coalition of companies that won the investment oppor
» US Ambassador: We helped Iraq with $3.6 billion in the displaced file
» In two stages.. The Minister of Oil inaugurates the associated water injection project in the Rumail
» Who manipulated the budget settings? Adding 15 trillion dinars for the benefit of the people or for
» Statement of the Iraqi Communist Workers’ Party on the “Personal Status Law Amendment” Project
» The American arm has become short.. Iraq will eradicate the “SDF” from Syria
» The idea of the “Sunni region” is maturing again.. The insistence of Western politicians collides
» Iraq takes its share of negative development and faces “electronic blackmail”
» Education in Iraq: Between the lack of schools and the delay in providing supplies
» Economist lays out solutions to get rid of the dollar’s dominance: moving towards a currency baske
» The Presidency of the Republic issues a special pardon for a bank manager accused of embezzlement
» The Ministry of Agriculture reveals the volume of its exported products in numbers
» Transport reveals its latest steps towards lifting the European ban on Iraqi Airways
» "Doors are closed" in Parliament.. Will political pressures result in the election of a new presiden
» Prime Minister's Advisor: Kirkuk government formation will be decided within 20 days
» US dollar exchange rate stability in Baghdad
» Reconstruction: New applications for Housing Fund loans will be opened when liquidity is available
» The US Federal Reserve adopts a new strategy towards Iraq.. The dollar is threatened with rising to
» First government comment on the leakage of 50 thousand Pakistanis in Iraq
» Parliamentary Integrity Committee announces keeping the session hosting the Minister of Water Resour
» Parliamentarian reveals the reason for the recent talk about the Sunni region
» Secrets of the Coordination Framework meeting with the Sunni forces.. Three proposals to resolve the