Good morning roomies
They are continuing to bring in people from T4a and they are being processed.
T4a is a test group to test the redemption centers. All is going through without a glitch. It’s not long before they release this to all.
This is the best news this is happening and getting to our level.
Keep the faith, stay strong, stay positive and keep your vibrations high.
Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground TV update] FIREFLY: The news is saying Iraq reserves now are over $64 billion and they are saying to us they are awaiting a major decision by the United States of America which will have a significant financial increase for Iraq when this decisions is made...they are talking about Iraq's hard cash reserves in Washington D.C. FRANK: That's just $64 billion dollars from the USA. That's not their gold. That's not their other precious metals. That's not their bonds. That's not any of their other assets...it's way past that.
Pimpy There seems to be some interesting movements happening that line up for a possible RI and RV. Now I don't go out and pump hopium up people's butts. I just don't. I keep grounded... but what I was pointing out is it definitely looks like the chances of an RV or an RI have increased once Iraq is removed from Chapter 7...If you look at some of the news article that are coming out recently...you can see what looks like they're preparing themselves for a rate increase. I don't want to jump to any conclusions but it definitely looks like they're heading that direction. Again don't run out and sell your house, don't sell your kids, don't sell your mother. Calm down sparky. We have been led down this road many times and it has led to a dead end but there definitely has been a lot of good news that's for sure.
Samson: The central foreign cash reserves have boosted confidence in the Iraqi economy
14th December, 2021 by Samir Al-Nusairi
It was announced that the foreign cash reserves of the Central Bank amounted to 64 billion dollars and will rise to a higher rate when the Ministry of Finance pays what it owes to the Central Bank, which represents the sad transfers that the Central Bank discounted during the period of the financial crisis that Iraq suffered for the years 2016-2020 and it was a direct support to the treasury the state and the national economy
The observer and the specialist is well aware that reaching this rate of foreign reserves is the central bank’s adoption of safe investment policies, which has strengthened the credit position internationally and restore confidence in the Iraqi economy and its international banking relations. And to benefit from the rise in international oil prices and its arrival to 80 dollars per barrel and the effects of reducing the exchange rate The Iraqi dinar in December 2020, this is in addition to the measures and initiatives of the Central Bank during the year 2021, which made a significant contribution to revitalizing the economic cycle and stimulating the economy
What confirms the safety and success of the Bank’s second strategy (2021-2023) and its monetary policy applications in the year 2021.
It is the verification of the achievements in the financing activity and the activation of its initiative to finance small and medium enterprises, amounting to 6 trillion dinars, adding an allocation of up to 7.6 trillion dinars, and focusing on encouraging projects Housing at the Real Estate Bank, the Housing Fund and private banks, in addition to the financing of the Tamkeen Fund for Community Projects
And that all of these measures led to an improvement in the government’s financial position and a reduction in the actual deficit rates in the 2021 budget, which achieved the central bank’s planned goal for this year as far as its tasks and objectives contained in Law 56 of 2004 and its amendment
The objectives of the reform of the banking sector were mentioned in the white paper. All of this clearly contributed to supporting the national economy, despite the challenges that the economy suffers from for subjective and objective reasons
Thus, the Central Bank, with its distinguished national team, was able to achieve one of its main tasks and objectives, which is to build foreign reserves that collectively constitute a safe sufficiency that covers the local currency in circulation and the imports of the private sector
* Advisor to the Association of Iraqi Private Banks LINK