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Featured Post

Restored Republic via a GCR: Update as of Nov. 19, 2018

Restored Republic via a GCR: Update as of Nov. 19, 2018 Compiled 19 Nov. 12:01 am EST by Judy Byington, MSW, LCSW, ret. CEO, Child Abuse R...

Thursday, July 5, 2018

"USN Visible Now" - Thurs. AM KTFA Thoughts/News

KTFA

Manaolana3 » July 5th, 2018


Best one-liners from CC: (7-2-18)

PCC in Iraq testing outside the borders...interest demand for IQD

Trump, "We need fair and reciprocal trade"

Trump, "Level the playing field"

Trump, "Stop leeching on my currency...get your own currency...an asset-backed currency"
Country after country depegging from our currency and going asset-backed with their own currency; they are all getting on the band-wagon so they are not left out of international trades

USN visible now...aggressive

USN not physical, digital only

USN asset-backed...has value

USN traded internationally, but not domestically

Pegging must be apples to apples

USN moving with IQD and investors seeing the movements, buy/sell

Walkingstick, "Look at the currencies that are pegged to the USN...level the playing field."
USD will go away

Iraq removed from FATF list...not subject to monitering

IQD is financially trustable...our currency is to be taken seriously

IQD is on a fast pace to go international

Hazen » July 5th, 2018

question: does the IQD have to wait for the other currencies in the basket to RI???

Rommy14 » July 5th, 2018

Just to be certain, are you inferring other currencies need to RI? If not, what would the RI be waiting for? In my opinion, per Monday’s CC and TeamChat, the USD was the last currency in the basket of currencies to become asset backed - USN. Both the USN and IQD PCC are testing internationally - at low volumes. There is no more waiting. There is - watching. We keep our eyes on the Fantastic Four. When the Fantastic Four give the nod then we watch the CBI then watch Forex. Everything is in position. Again, all in my opinion.

Iobey77 » July 5th, 2018

YES!!! I totally agree, Rommy! The stage is set..the basket is full..IMO...it's TIME for the real FIREWORKS show!! Light em up CBI, Trump, and Frank!!! Let's see that International rate and the full "prom dress" of Iraq!!

Don961 » July 5th, 2018

Central Bank signs MoU to develop smart technologies


05/7/2018 12:00 am

Baghdad / Al-Sabah

The Central Bank of Iraq (CBI) signed a memorandum of understanding (MoU) with Yunin Bi International International on Wednesday to develop smart payment technologies and electronic payment services in Iraq. http://www.alsabaah.iq/ArticleShow.aspx?ID=159563

Rich4hyip: Union Pay is the largest payment company in china, every banking card issued by every bank has the logo on it, its network covered all over china and some south and east asian countries ,and could be even broader than that. not sure if its the third largest international payment company after visa and mastercard, but very well could be now… its network had reached to the west asian countries,like iraq, its such good news …..iraq is on the verge of going international.

Samson » July 5th, 2018

Al-Sadr: Iraq will be governed by fair alliances that go beyond quotas


5th July, 2018

The leader of the Sadrist movement Moqtada al-Sadr said on Thursday not to allow Iraq to be run from behind the border, adding that "cross-quota" coalitions are to manage the country.

"We will not allow Iraq to be managed from behind the border, north or south, east or west," Sadr wrote in a tweet at his official Twitter account.

"Iraq will be run by Iraq, purely national, and with fair alliances, passing through quotas." "The word of Iraq is supreme," he said. LINK

Don961 » July 5th, 2018

Honoring the Governor of the Central Bank of Iraq


05/7/2018 12:00 am

Samir Al Nusairi

The information received from the Union of Arab Banks and based on special evaluation criteria indicates the selection of the Union of Arab Banks, the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, the best Arab, and was honored with a special celebration on the sidelines of the Arab International Banking Summit, In the French capital Paris under the patronage of the French Prime Minister and in the presence of ministers and governors of central banks and heads of boards of Arab, French and European banks and prominent economic, financial and banking personalities.

This honor is in fact a tribute to the Central Bank of Iraq and cadres, whose role was distinctive in support of the national economy in the near the difficult circumstances experienced by Iraq during the past three years.

The support provided by the Central Bank to the national economy during the economic and security shocks suffered by Iraq due to the economic and financial crisis and the war on terrorism is a bright spot and a success experience in a country that is going through harsh conditions and a historic phase which is the most difficult to face the economic and security challenges that no country in the world has experienced. Such as Iraq.

As the team of the Central Bank proved their success in enhancing the economic steadfastness and achieving monetary stability through the efforts, procedures and applications of monetary policy and the development procedures of the Central Bank in the difficult economic stage of Iraq, where they were able to draw a strategy for the years (2016-2020) and a clear road map goals and ambitions to achieve stability Economic growth, financial inclusion, structural and institutional construction, and the optimal investment in human capital through important achievements achieved during the years 2015-2017. The most important of these is the maintenance of inflation by no more than 2% For a hundred and at the level of adequacy of foreign reserves within acceptable rates according to the latest cumulative standard by the International Monetary Fund 0 by 160 percent, which is considered high-adequacy ratio internationally as foreign reserves of Iraq stood up to $ 52 billion.

And the establishment of new units within the regulatory structures of banks such as compliance and combating money laundering and financing of terrorism and management of credit and operational risks and the issuance of the law against money laundering 39 for the year 2015 and the development of payment systems and the application of all payments and retail by mobile phone and the establishment of the national division and work on the application of international standards In financial reporting in line with the principle of transparency and disclosure.

In addition, the Bank's efforts are exerted daily to stimulate financial inclusion and focus on the initiative to settle the salaries of employees in order to raise the financial coverage of the population who do not have accounts in the banking system, which actually rose from 11 percent to 22 percent, according to the World Bank Bulletin.

In order to restore confidence in the banking sector, the Bank re-evaluated and classified banks in accordance with international standards and standards in evaluating business results and measuring the efficiency of performance.

As well as the establishment of a deposit guarantee company in order to raise the percentage of savings at banks and reduce the proportion of home-made and restore confidence in the banking sector and thus stimulate the economy through the activation of investment and bank financing initiative to finance small and medium projects and supervision and leadership of community initiatives funded by Iraqi banks such as Baghdad project and support the Iraqi Drama Fund and the establishment Two companies for the national financing of large projects and the establishment of a fund for social and humanitarian benefits and take regulatory and structural measures and the development of the depository center in the Iraqi market for securities and the establishment of a national center for Query credit and payments of the Iraqi Council.

At the level of international banking relations, the central bank has been able to restore relations with Arab and foreign central banks and deliver the achievements of the past three years to the international financial institutions such as the Financial Action Organization, which contributed to the transition of the classification of Iraq from gray to follow-up.

The governor's visit in 2017 to the UN Security Council and its presentation of achievements, organizational and structural and technical and compliance with international standards in financial reporting and enhance confidence in the Iraqi economy and Iraq's ability to comply with international credit benefits and the World Bank and IMF and the Financial Action Task Force had a clear impact in promoting economic resilience and victory Financial and a steady pace towards financial sustainability.

All these achievements make the Central Bank of Iraq worthy of praise and recognition. I call on the Iraqi national media to read, read and listen to the sincere efforts of the Iraqi people or fight terrorism and build the new Iraq in one and to highlight the achievements and success stories achieved despite all the challenges And one of the most prominent successes achieved by the Central Bank of Iraq.

http://www.alsabaah.iq/Article.....?ID=159546

Samson » July 5th, 2018

Al-Hilali calls for activating arrest warrants against MPs and preventing them from traveling


5th July, 2018

A member of the legal committee in the former House of Representatives Ibtisam al-Hilali, on Thursday, the Supreme Judicial Council to activate the arrest warrants issued against them a number of deputies and prevent them from travel, noting that the notes did not do because of political interference.

Al-Hilali said in a statement that the number of arrest warrants and the lifting of the immunity issued against some MPs months ago has not been implemented so far because of political interference, calling on the Supreme Judicial Council to "activate those notes and prevent the deputies covered by travel."

She added that "these memos became enforceable after the end of the life of the House of Representatives and loss of immunity for those who have been issued arrest warrants and others earlier."

Hilali pointed out that "some resolve his order before the elections and others did not resolve the issues," asserting that "the orders issued against a number of deputies related to issues of integrity and other criminal." LINK

Internal: arrest of the "largest" network of electronic fraud in Baghdad

5th July, 2018

The Ministry of the Interior announced on Thursday the arrest of the largest organized network of electronic fraud in Baghdad.

"The Federal Intelligence and Investigations Agency of the Ministry of the Interior, in coordination with the Information and Communications Commission, has arrested the largest organized network of electronic fraud using high-capacity wireless transmission equipment," ministry spokesman Major General Saad Maan said in a statement. "All the devices and small-sized speakers have been banned and all legal proceedings have been taken against them," he said.

He pointed out that "the operation came after a continuous follow-up of their movements within the capital Baghdad." LINK

Source: Dinar Recaps

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