WOTS MON 12 20 21
Demand in Iraq for the dollar in anticipation of the dinar's collapse
Al-Moussawi: America Is Besieging The Iraqi Economy And Preventing Its Development
The dissolved parliament member, Mukhtar al-Moussawi, said on Monday that Iraq's repeated crises during the past two decades are due to two main reasons: the American occupier and the poor economic performance of successive governments.
Al-Moussawi said in a statement to "The Information", "The United States of America is besieging the Iraqi economy and making it surrounded by it and preventing its launch towards global investment countries."
He added that "the American occupation and the poor performance of the previous and current governments made the Iraqi economy without regard to growth and development," noting that "the United States of America has shackled Iraq with economic, political and security crises during the past two decades."
And the dissolved parliament member, Mazen Al-Faili, had seen in a previous statement, that the government of the outgoing Prime Minister, Mustafa Al-Kazemi, had failed miserably in the economic file, indicating that the recovery of the Iraqi economy needed bold and urgent decisions.
Economist: The Caretaker Government Cannot Approve Next Year's Budget
Economic Expert Diaa Mohsen Confirmed Today, Monday, That The Current Government Is A Caretaker Government And It Cannot Approve The Next World Budget.
Mohsen Said, In A Statement To Al-Ahed News, That With The Presence Of A Caretaker Government And The Absence Of A Parliament, It Is Not Possible To Legislate Laws In The Current Period, Including The 2022 Budget Law, And Approve It.
He Added, That There Is No Realism About Setting The Price Of A Barrel Of Oil At 50 Dollars In The Next Budget, Because Despite The Turmoil In The Oil Market And The Rise And Fall Of International Prices From Time To Time, But In The Long Run The Price Of A Barrel Will Not Be From 75 To 80 Dollars.
And He Indicated That In The Event That The Financial Turmoil Is Secured By The Government, Which Is Unlikely, As Oil Prices Can Be Stabilized Until The End Of 2022 Or Even To 2023 At The Same Current Price
Experts: Al-Kazemi's white paper exhausted those with low incomes and failed to suffice
A year ago, the Central Bank of Iraq approved the devaluation of the dinar against the dollar by a difference of 22 percent, in conjunction with a new economic policy imposed by the government of Mustafa Al-Kazemi.
The 96-page white paper was the starting point for the change, as it contained what were said to be five-year reform measures, which ended one year after their implementation, harsh on Iraqis.
Experts say that the devaluation of the dinar has affected the low-income groups and increased the prices of imported goods, and exacerbated the inflation rates.
They add that monetary policy in Iraq is still single-source, relying on unstable oil prices, and that changing the exchange rate does not solve the problem, compared to its repercussions on the market and the consumer.
A group of financial experts believes that the purpose of decreasing the exchange rate is to revive the local economy, but the government failed to open the doors for investment, due to its drowning in political polarization and capital possession, in addition to internal and external debts that still constitute a trade deficit.
Experts describe the problem of changing the exchange rate as an imminent war on low-income earners, noting that its continuation comes as a result of not directing funds, creating job opportunities, and controlling food prices.
After a year of reducing the price of the dinar, which overburdened workers and employees, Iraq did not win, except to strengthen the central bank's hard currency reserves by sixty-four billion dollars.
A Year After Raising The Dollar... Economist: The Government Defrauded The Salaries Of Employees And Harmed The Poor
Economic expert Diaa Abdel Rahman confirmed, on Monday, that the decision to raise the dollar exchange rate did not achieve its goal, but was a government ploy to steal the salaries of employees and harm a wide segment of the Iraqi people from the middle and poor classes, noting that the decision to raise prices led to a rise in prices. Necessary goods by 33%.
Abdul Rahman said in a statement to / the information /, that “a year after the decision to raise the exchange rate of the dollar, the citizen of the middle class and the poor suffered a lot from deprivation of some necessary commodities as a result of the commodity increase by 33% than it was before the decision to raise the exchange rate.”
He added, "The increase in the exchange rate was a government ploy to absorb the increase in the salaries of employees, as it was legally stolen," noting that "what the government claims that it paid the internal debt of 28 billion dollars was not at the expense of the rich and affluent classes and from the corrupt, but rather the payment was at the expense of the citizen. The simple.”
Abdul Rahman indicated that “the process of raising the exchange rate was offset by a decrease in non-oil imports that went into the pockets of the corrupt, and the government did not achieve stopping the thefts of those funds, but rather increased, including the lack of control over the resources of the border outlets and the continuation of central bank sales, government fees, taxes and others,” calling for “the government to return to the exchange rate to what it was.”
The dissolved Parliamentary Finance announces it irreversibly: The dollar exchange rates will cause this matter if they are returned to the previous in Iraq
Today, Monday, the Parliamentary Finance Committee in the dissolved parliament explained the reasons for not returning the dollar to its previous price, despite the .damage caused to the citizen as a result of this decision
Committee member Jamal Cougar said in an exclusive statement to (Baghdad Today) that "the Iraqi government will not seek to return the dollar to its previous price because the dollar, according to the current price, has achieved a financial surplus, ".and this is what the government will not neglect in the future
He added, "Restoring the exchange rate is in the interest of the citizen only and not ".in the interest of the government
Cougar explained that "the difference between the old and new exchange rate is 24,000 dinars for every $100, and this increase will be for the benefit of the citizen ".only if the exchange rate is restored
The Cabinet approves the launch of financing the Chinese agreement
On Monday, the Council of Ministers approved the continuation of spending on ongoing projects funded by loans approved under the Federal General Budget Law for the fiscal year 2021.
The Council said in a statement received by "Economy News", that "the Council of Ministers agreed to continue disbursing the ongoing projects funded by loans approved under the Federal General Budget Law for the fiscal year / 2021, and the previous years according to the agreements signed in light of the allocations that will be included in the draft law." The federal general budget for the fiscal year 2022.
He added, "This comes in accordance with Article (13/Second) of the amended Federal Financial Management Law (6 of 2019).
He pointed out that "the text of the decision stated that the Ministry of Finance launched the funds related to the Chinese-Iraqi framework agreement, for which allocations are allocated within the Federal General Budget Law for the fiscal year / 2021, according to contracts concluded with the implementing agencies, and within its obligations to disburse operational advances, based on what it reported. The Ministry of Planning, in accordance with the directives of the Diwaniyah Order Committee (83 of 2021) to determine national priorities and criteria for selecting projects within the framework agreement for cooperation between the Iraqi and Chinese governments
The Federal Reserve Ends The Study Of The Evidence Of “Election Fraud” And Awaits The Issuance Of Its Ruling
Legal expert Tariq Harb revealed, on Monday, that the Federal Court has finished studying all the details and evidence regarding the appeals submitted against the election results, indicating that the next session will witness setting a date for the verdict and will not be postponed.
Harb said in a statement to Al-Maalouma, "The Federal Supreme Court does not intend to postpone the session on electoral appeals to another, but will set the date for issuing the rulings."
He added, "After the decision is issued, the court will ratify the election results if there are no changes, and the names will be sent for publication, and then the first session of the House of Representatives will be held."
Harb explained, "The session will be early next year, after the House of Representatives approves the names and then sends them to the Presidency of the Republic, which will call for the Council to convene within 15 days from the date of approval."
My predictions for the banking sector in 2022
Samir Al-Nusairi*
On the occasion of the end of 2021, and in view of the special and new circumstances that our beloved country is going through due to the interactions with the formation of the new government after the approval of the election results by the Federal Court and the legitimate popular demands for change and economic and financial reform and because our banks are the first basic link in the national economy, we must clarify the results by analysis and evaluation The priority for banking activity in 2021.
That it faced the challenges of an unstable work environment, the non-performing debts reaching more than (6) trillion dinars, the continued decline in the prices of shares traded in the Iraqi stock market by (80%), the decrease in liquidity of some banks to the minimum limits set by the Central Bank, and the decrease in the realized revenues and deposits of some banks and the impact Others delayed approving the 2021 budget, which affected the investment side of development projects and the lack of clarity in financial policies, laws, tax and customs instructions. It should be noted here. To the role played by the Central Bank in 2021 to confront these challenges and to lead and organize the banking sector and reform some of its links towards helping it overcome those challenges. challenges.
Our banks affirmed their sobriety and enhanced the public’s confidence in them during 2021 and the continuation of their daily activities and work despite the administrative, logistical and technical difficulties, which made an effective contribution to the implementation of the Central Bank’s policy in achieving stability in the money market and perpetuating internal and external banking operations, which enhanced international confidence in our international banking transactions. This is evident when comparing the state of our banks with other countries experiencing the same conditions as happened in Lebanon, Syria and Iran, for example, and this confirms that our banks are moving in the right direction
And its procedures and development towards its establishment and under the supervision of the Central Bank, to set its plans for attracting deposits, granting credit and banking facilities, implementing the Central Bank’s financing and lending initiatives that it launched in 2021, and increasing the rate of financial inclusion by raising the number of open accounts to the equivalent of 12 million issued credit cards, while increasing the number of ATMs to 3000 Automated teller machines, the trend for real banking work, the increase in the cash credit rate, and the activation of the central bank’s lending initiatives, especially the initiative to finance small, medium and housing projects, and the central bank’s assignment of additional funds for the initiative in 2022, especially after the rate of implementation of loans granted by one trillion exceeded more than 85% in 2021 and the expansion in providing Modern systems, programs and technologies in the field of digital transformation. And the implementation of the Payments Department's proposal to expand the provision of banking services and reach the smallest administrative unit at the level of all governorates.
The banks’ completion of their plans for 2022 in accordance with the above visions requires them, under the supervision and control of the Central Bank, to work in quick steps, which is to move the Iraqi banking sector to a sober and developed economic sector that is committed to international regulations, rules and standards for compliance, combating money laundering, financial reporting and risk management, and thus moving from the role of banking to a developmental role Contribute to revitalizing the economic cycle by activating and supporting the financing of small and medium projects and large development projects, through which the building of a solid national economy and sustainable development is achieved, ultimately serving the Iraqi people and their aspirations for a better life.This requires that each bank have a plan with specific goals for 2022 in the areas of technical development and work in accordance with international standards to achieve financial inclusion, attract deposits, work on capacity-building, train and qualify human resources, achieve the goal of investing in human capital and develop the structural structure of the banking sector, in addition to the banks paying attention By applying the financial stability criteria, which are indicators of financial safety such as the capital adequacy ratio, the liquidity ratio, the profitability ratio such as the ratio of profit and net profit to capital, the ratio of return on assets, the ratio of return on shareholders’ equity, the ratio of activity costs, financial leverage and the ratio of investment of funds in addition to the adoption of indicators for measuring performance efficiency and the creation of statistical units Studies, analysis and financial forecasting to indicate monthly, quarterly and annual deviations in the drawn plans.
This requires the government and the Central Bank to support the banks and enable them to continue banking activity, and to implement the decisions of the Council of Ministers and the Economic Affairs Committee related to revitalizing banking work, especially in the field of credit, bank financing, loans and banking facilities, and giving a key role to private banks and their involvement in making central economic decisions.
* Advisor to the Association of Iraqi Private Banks
Demand in Iraq for the dollar in anticipation of the dinar's collapse
The Iraqis’ fears are increasing of a new decline of the dinar affected by a series of collapses in the local currencies of neighboring countries and others close to them, most notably Turkey, Iran and Lebanon. Some owners of companies, car showrooms and some interests whose dealings are linked to the dollar, accepted , for fear of a sudden collapse of the dinar against the dollar. The same is true for companies that deal in loans, debts and deferred transactions that made the dollar a fixed form of dealing for them instead of the dinar .
In an interview with Al-Araby Al-Jadeed, the director of Al-Rabie Company for the sale of mobile phones, Ayser Al-Obaidi, said, “A number of owners of wholesale mobile phone companies imposed on their customers to deal in dollars only, as a result of the security conditions in the country, as well as the state of instability it is going through. The Iraqi economy , especially since all expectations indicate that Iraq may enter a major economic crisis due to the great struggle to form the government and the budget delay as a result of these conflicts and the new mutator of the Corona virus.”
He added that "the local currency began to circulate little by little in the Iraqi market, and its circulation is limited to retail stores and other matters of life, while the owners of huge stores are obliged to exchange the local currency for hard currency (the dollar) to buy their goods."
He pointed out that "a state of fear and panic afflicted the citizens, which prompted most of them to convert their local money into dollars in anticipation of any emergency, especially after the sudden and great collapse of the Turkish lira ."
For his part, Haider Al-Tamimi, director of Al-Salasil Exchange, said in an interview with Al-Araby Al-Jadeed that "the dollar exchange rate is stable in the Iraqi market, despite the great demand from citizens to buy it."
He explained that "the increasing demand of people to buy dollars is due to two reasons, the first reason is with the aim of the daily transactions of some stakeholders for the purpose of trade and buying and selling operations that began to impose dealing in dollars, and the second reason aims to acquire dollars by citizens in anticipation of any collapse or economic emergency that Iraq will witness in the future
He added that "the Iraqi street is cautiously awaiting the situation of the collapsed local currency," noting that most of the money holders are afraid of the collapse of the local currency, as happened in Turkey, Lebanon, Iran and Yemen.
On December 19 last year, the Iraqi Council of Ministers announced raising the price of selling the dollar to banks and exchange companies to 1460 dinars instead of 1200 dinars to the dollar, with the aim of compensating for the decline in oil revenues caused by the deterioration in oil prices, to testify to the impact of the Iraqi market A significant increase in the local market, which provoked a wave of strong discontent among the popular circles and some political blocs, in addition to the objections of some interested in economic affairs.
In the context, economic expert Ali Al-Fariji told Al-Araby Al-Jadeed that "the Iraqi market depends very heavily on imported goods, especially from Turkey and Iran, and as a result any economic collapse in the countries exporting to Iraq will affect one way or another because of the wrong state policy. in dealing with the economic crises that Iraq is facing.
He added that "the abandonment of some citizens with economic interests from dealing in the local currency and the adoption of their dealings with the hard currency reveals the extent of the state's confusion in managing the economic file, which has made the street lose a sense of the value of the local currency, which is another problem of raising the value of the dollar against the Iraqi dinar."
He pointed out that "when the countries of the world seek to build their economy, they begin to strengthen their local currency against the dollar, unlike what happened in Iraq, considering this an imbalance in the balance of economic construction
He pointed out that "the imposition of dealing in dollars by some of them is one of the very dangerous repercussions that could weaken the value of the local currency."
In addition, a member of the Finance Committee in the previous parliamentary session, Najeba Najib, told Al-Araby Al-Jadeed that "the citizens' desire to buy hard currencies, especially the dollar in recent times, and the limitation of buying and selling operations by some of them confirms the loss of Iraqis' confidence in the local currency, but at the same time, it is It excludes the collapse of the local currency of Iraq, as happened to the Turkish lira recently and the Iranian toman, due to the difference in monetary policy from one country to another.
She added that "the collapse of the local currencies of a number of Arab and regional countries surrounding Iraq will have a significant impact on trade exchange operations with these countries."
Najib believes that "restricting financial dealings by some stakeholders in hard currency will have a relative impact on the Iraqi economy and the Iraqi market, because Iraq's economic policy depends on oil, whose value in global markets still ranges between 75 and 80 dollars per barrel.
he exchange rate of the dollar against the Iraqi dinar in Iraq today, Monday, December 20, 2021
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1443.2000 |  1496.6000 | 1457.7000 | 1457.6000 | 1457.6000 | 0.9000 | 12:23 |
| USD/VND | 22928.0000 | 22933.0000 | 22989.9900 | 22961.8500 | 22989.9900 | -33.5300 | 02:11 |
| USD/CNY |  6.3746 | 6.3768 | 6.3790 | 6.3744 | 6.3745 | 0.0001 | 05:26 |
| USD/KWD | 0.3028 | 0.3038 | 0.3029 | 0.3028 | 0.3029 | -0.0001 | 05:26 |
| GBP/USD | 1.3201 | 1.3203 | 1.3242 | 1.3173 | 1.3242 | -0.0031 | 05:31 |
| USD/IRR | 42000.0000 | 42500.0000 | 42243.7000 | 42226.3000 | 42243.7000 | -3.4000 | 00:00 |
| USD/IDR | 14407.0000 | 14409.0000 | 14416.0000 | 14366.0000 | 14383.0000 | 20.0000 | 05:30 |
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Erbil Confirms The Arrival Of 200 Billion Dinars From Baghdad
The Ministry Of Finance And Economy Of The Kurdistan Regional Government Announced, On Monday, The Arrival Of 200 Billion Iraqi Dinars, To Its Bank Account, For The Purpose Of Financing The Salaries Of The Region’s Employees.
The Ministry Stated In A Brief Statement, Received By Al-Ahed News, That "At 12:30 Noon Today, Monday, An Amount Of 200 Billion Iraqi Dinars Arrived From Baghdad To The Kurdistan Region, According To The Agreement Concluded With The Federal Government."
The Branch Of The Central Bank Of Iraq In Erbil Deposited The Amount In The Bank Account Of The Ministry Of Finance And Economy Of The Regional Government, In Order To Finance Salaries For Employees And Workers In The Public Sector.
The Cabinet approves the launch of financing the Chinese agreement
On Monday, the Council of Ministers approved the continuation of spending on ongoing projects funded by loans approved under the Federal General Budget Law for the fiscal year 2021.
The Council said in a statement received by "Economy News", that "the Council of Ministers agreed to continue disbursing the ongoing projects funded by loans approved under the Federal General Budget Law for the fiscal year / 2021, and the previous years according to the agreements signed in light of the allocations that will be included in the draft law." The federal general budget for the fiscal year 2022.
He added, "This comes in accordance with Article (13/Second) of the amended Federal Financial Management Law (6 of 2019).
He pointed out that "the text of the decision stated that the Ministry of Finance launched the funds related to the Chinese-Iraqi framework agreement, for which allocations are allocated within the Federal General Budget Law for the fiscal year / 2021, according to contracts concluded with the implementing agencies, and within its obligations to disburse operational advances, based on what it reported. The Ministry of Planning, in accordance with the directives of the Diwaniyah Order Committee (83 of 2021) to determine national priorities and criteria for selecting projects within the framework agreement for cooperation between the Iraqi and Chinese governments
Al-Kazemi’s advisor sets a condition for achieving an actual balance in the 2022 budget without a deficit
Today, Monday, Adviser to the Prime Minister for Economic Affairs, Mazhar Muhammad Salih, set a condition for achieving an actual balance in the 2022 budget without a deficit.
Saleh said in an interview with the Iraqi News Agency, and followed by "Al-Iqtisad News", that "the expectations of the World Bank, which it released in late October of last year, in which he explained his vision regarding the average oil prices in the world 2022, which he expected, would be about $74 per barrel as an average. Throughout the next year, it is also expected to drop to an annual average of $64 a barrel in 2023.
He added, "The estimated oil revenues at $50 in the draft law on the next year's budget 2022, which was prepared inevitably for a precautionary deficit, may be less than the precautionary deficit shown in the 2021 budget, and assuming that the expenditure ceilings in the 2022 budget are similar to what they are in the 2021 budget, the budget The federal general for the year 2022 will achieve a state of actual balance (without any significant deficit),” noting that “this will be if the average price of a barrel of oil in 2022 exceeds, to be about 71-72 dollars per barrel, according to the reality of expected government spending and its ceilings.
My predictions for the banking sector in 2022
Samir Al-Nusairi*
On the occasion of the end of 2021, and in view of the special and new circumstances that our beloved country is going through due to the interactions with the formation of the new government after the approval of the election results by the Federal Court and the legitimate popular demands for change and economic and financial reform and because our banks are the first basic link in the national economy, we must clarify the results by analysis and evaluation The priority for banking activity in 2021.
That it faced the challenges of an unstable work environment, the non-performing debts reaching more than (6) trillion dinars, the continued decline in the prices of shares traded in the Iraqi stock market by (80%), the decrease in liquidity of some banks to the minimum limits set by the Central Bank, and the decrease in the realized revenues and deposits of some banks and the impact Others delayed approving the 2021 budget, which affected the investment side of development projects and the lack of clarity in financial policies, laws, tax and customs instructions. It should be noted here. To the role played by the Central Bank in 2021 to confront these challenges and to lead and organize the banking sector and reform some of its links towards helping it overcome those challenges. challenges.
Our banks affirmed their sobriety and enhanced the public’s confidence in them during 2021 and the continuation of their daily activities and work despite the administrative, logistical and technical difficulties, which made an effective contribution to the implementation of the Central Bank’s policy in achieving stability in the money market and perpetuating internal and external banking operations, which enhanced international confidence in our international banking transactions. This is evident when comparing the state of our banks with other countries experiencing the same conditions as happened in Lebanon, Syria and Iran, for example, and this confirms that our banks are moving in the right direction
And its procedures and development towards its establishment and under the supervision of the Central Bank, to set its plans for attracting deposits, granting credit and banking facilities, implementing the Central Bank’s financing and lending initiatives that it launched in 2021, and increasing the rate of financial inclusion by raising the number of open accounts to the equivalent of 12 million issued credit cards, while increasing the number of ATMs to 3000 Automated teller machines, the trend for real banking work, the increase in the cash credit rate, and the activation of the central bank’s lending initiatives, especially the initiative to finance small, medium and housing projects, and the central bank’s assignment of additional funds for the initiative in 2022, especially after the rate of implementation of loans granted by one trillion exceeded more than 85% in 2021 and the expansion in providing Modern systems, programs and technologies in the field of digital transformation. And the implementation of the Payments Department's proposal to expand the provision of banking services and reach the smallest administrative unit at the level of all governorates.
The banks’ completion of their plans for 2022 in accordance with the above visions requires them, under the supervision and control of the Central Bank, to work in quick steps, which is to move the Iraqi banking sector to a sober and developed economic sector that is committed to international regulations, rules and standards for compliance, combating money laundering, financial reporting and risk management, and thus moving from the role of banking to a developmental role Contribute to revitalizing the economic cycle by activating and supporting the financing of small and medium projects and large development projects, through which the building of a solid national economy and sustainable development is achieved, ultimately serving the Iraqi people and their aspirations for a better life.This requires that each bank have a plan with specific goals for 2022 in the areas of technical development and work in accordance with international standards to achieve financial inclusion, attract deposits, work on capacity-building, train and qualify human resources, achieve the goal of investing in human capital and develop the structural structure of the banking sector, in addition to the banks paying attention By applying the financial stability criteria, which are indicators of financial safety such as the capital adequacy ratio, the liquidity ratio, the profitability ratio such as the ratio of profit and net profit to capital, the ratio of return on assets, the ratio of return on shareholders’ equity, the ratio of activity costs, financial leverage and the ratio of investment of funds in addition to the adoption of indicators for measuring performance efficiency and the creation of statistical units Studies, analysis and financial forecasting to indicate monthly, quarterly and annual deviations in the drawn plans.
This requires the government and the Central Bank to support the banks and enable them to continue banking activity, and to implement the decisions of the Council of Ministers and the Economic Affairs Committee related to revitalizing banking work, especially in the field of credit, bank financing, loans and banking facilities, and giving a key role to private banks and their involvement in making central economic decisions.
* Advisor to the Association of Iraqi Private Banks
CBI Update: Just a note:
including $48,310,000. CASH
ISX Update: Shares Traded: not updated for todayValue Traded: not updated for today
12-20-2021 Intel Guru Wolverine Redemption Centre personnel are in their positions since Thursday 16 December 2021...All are fully staffed and are getting fully trained with administrative knowledge. Whales in RENO have been told not to move...We are nearly close to the finish line...this baby is about to land...
12-19-2021 Newshound Guru Pimpy I think we're way closer to having the real rate of the Iraqi dinar come out than we ever been before. I don't know what that rate is and I have no idea when it's going to happen and anybody that tells you different is full of crap. Nobody knows the rate. Nobody knows the date. Nobody. Except for those in the need-to-know and you and I ain't them. It's exciting to see. Yes it makes me happy...it certainly looks like they're trying to line themselves up with some type of plan to be reinstated...
12-19-2021 Newshound Guru Vital Brad Iraq as a whole is preparing for its international status and they're ready. The requirements have been met. It's time for them to move forward. It's just a matter of when is it going to happen...when will it revalue. No one knows the answer to that...Until I see it I'm not going to believe it...eventually it's going to happen.
12-19-2021 Guest Guru Nader From The Mid East We cannot change the rate that quick because we worried about the economy to crash if oil goes down...we have to take it easy. I'm not telling you the rate is not gonna change. The rate is gonna change before February. I give you the news is good news. The plan is before February but we have to make sure everything is solid and everything is standing on two legs and everything is running correctly before we change the rate. Everyday we have good news coming up...
12-19-2021 Newshound Guru Breitling Question: "You still see them coming in at least 50 cents?" Upper .50 cents - .60 cents around there. Question: "Do you feel they have the ability to hit a dollar?" Yeah, they can go $1.25 no problems. "Possibility of an RV at $2.50 for the IQD?" No. Not even close. It will be below a buck. Can it go higher than that? Yes. But they want a ceiling where the can grow...$2.50 that's a completely different plan. That would start after they add value to the currency. That's way on down the road if that was to happen.
12-19-2021 Intel Guru BobTheTaxMan Here's the key thing about the CRUT [Charitable Remainder Unitrust] it can provide you a lifetime of income and it defers the income. Remember when you exchange your IQD under the umbrella of the CRUT it is a non-taxable event. It's a tax-free environment. So picture this...you've got the paperwork, you've got the EIN [Federal number], you go to the bank, they open up the bank account in the name of the CRUT, you give them your IQD and they exchange it but instead of it going into your hands it went directly into the CRUT so it's a tax-free environment. You were not exposed through a taxable event... [NOTE: Consult your tax professionals at the appropriate time to determine the best tax strategy and opportunities for your unique circumstances.]
12-19-2021 Newshound/Intel Guru Mnt Goat ...can we still expect the reinstatement of the IQD on Forex soon? ...Just remember that Iraq can not do what they are telling us they want to do in the White Paper without a currency with a true value... the White Paper and Financial Minister whole-heartedly support its purpose and implementation. We have read in many prior articles that the CBI and Financial Committee wants Iraq to go back to the “glory days” and we surely know what this means for us and our investment...the Iraq dinar was valued at $4+. Wow! Is this really possible now? Yes, and it is coming since we already can see the new rate in the Quantum Financial System (QFS) just sitting there waiting to be pushed down stream into implementation ...The White Paper clearly addresses the implementation of the IQD to go international...They actually say “FOREX”.
12-19-2021 Intel Guru MarkZ [via PDK] ...based on what I am hearing I anticipate exchanges happening very early in the week. I am very hopeful this is actually it. People at exchange centers had been hoping to be exchanging folks this weekend... I spoke with 3 different contacts at Redemption Centers...and they are fully staffed. They said its very festive today…they are not anticipating any redemptions today [Saturday] and tomorrow but are staffed making preparations. They anticipate our release before the holidays...Whales are still sitting where they need to be…everyone is very festive. Everyone seems to be in a long-stretched out holiday party waiting to exchange.
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