MilitiaMan: Electronic Payments 01/01/2021 at 9:00 Am.. I wonder what other Electronic Payments and Systems interlink that day? It is the first day of the new Calendar year. 11:59:59 is approaching fast.. imo.. ~ MM
Samson: The Housing Fund announces the opening of the electronic submission for loan transactions
The Iraqi Housing Fund announced, on Thursday, the opening of the electronic submission for loan transactions.
A statement by the media office stated, “The Iraqi Housing Fund of the Ministry of Construction, Housing and Public Municipalities announces the opening of the electronic submission for loan transactions for the month of January 2021 tomorrow, Friday, 1/1 in Baghdad and the provinces at nine in the morning.”
He added, “This timing will be fixed in all months following the application of the loan or the request for disclosure, and transactions will continue to be submitted until the end of the month or the prescribed share runs out, whichever is sooner.” LINK
MilitiaMan: Well folks I don’t know about you all, but, the auctions at $100,000 or even at $1.3 million is getting scarce, especially the former. Something BIG is about to happen.. DT even stated as such too… Fairly sure when things line up electronically, it will be big. No one is talking about it..lol I am… ha ~ MM Happy New Year to ALL!!!
TODAY’S AUCTION RESULTS
The results of the foreign currency sale window on Thursday 12/31/2020 and executed today
100,000 Total Cash Sale
Note that:The sale price of the sums transferred to bank accounts abroad is ( 1460 ) dinars per dollar.
The cash sale price is ( 1460 ) dinars per dollar.
MilitiaMan: FINAL ARTICLE #536
Sumaisem: America will not pump dollars into Iraq, and dealings will be in the digital currency .. and Baghdad is forced to comply with the recommendations of the international monetary
27th December, 2020
Economic expert Salam Sumaisem said on the devaluation of the Iraqi dinar, that the dollar will be drained from its source in the US Treasury, which will replace it with digital electronic money, Digital Dollar.
Sumaisem added to the obelisk: We will then see how the smuggling of dollars continues, indicating that only Iraq and its people will be the losers, and that whoever trades in the Iraqi dinar will not benefit in anything.
Sumaisem told Al-Masalla that draining the sources requires that there be a shortage of dollars that are pumped into the markets, referring to the issue of pursuing political money, as the financial decision-makers say that they cannot dry up the sources, but America, for example, went through the same crisis, especially after the decline The US dollar fell a week ago on the global market by 8%, which prompted the Treasury to stop pumping more dollars into the US market itself.
Sumaisem considered that the Iraqi concerned authorities do not know how to act with the crisis, but rather they acted in a bad way in reducing the price of the Iraqi dinar against the dollar.
Sumaisem said, “It is true that this provides liquidity, but it will not solve the crisis.”
And she continued: America, for example, is moving now to the stage of digital money, which is digital money, and thus it will not pump more dollars into Iraq until it becomes scarce, and then it can pump a digital dollar. That every dollar has a number, and trading in it between the seller and the buyer is known and limited. It will also change the whole world, and for Iraq it will be a pivotal change.
Sumaisem revealed that the Minister of Finance signed a blank statement that he would implement all the recommendations of the International Monetary Fund.
Just for FUN…FA 81 (final article)
“But psychologically, introducing a new currency can itself facilitate the stabilization of an economy. It is sometimes combined with exchange rate unification—to eliminate the complications of both an official exchange rate and unofficial market rate.”
And….”collaboration between the central bank and these payment system operators is critical to the success of the reform.”
and…”A delicate balance must be struck between providing sufficient public information and the need for confidentiality to avoid releasing clues to counterfeiters that could be used to undermine the integrity of the new currency.”
and…”The information campaign should encourage people to deposit their cash currency in accounts at banks. The campaign must make it clear that once the currency reform is initiated, account holders can withdraw their money in the form of new banknotes.”
And…”They must identify exchange points (places where the public can exchange the old money for new and where cash currency can be stored temporarily)”
finally…“In line with common international practices, the Turkmen central bank allowed the two sets of banknotes to be circulated during 2009. By 2010, all banks were expected to exchange the old currency for new manat. And after that, the old currency was demonetized and retained only numismatic value.”
Does 1460 remove currency from the market??? Yes. (Also EXCHANGE RATE UNIFICATION)
Does removing currency from the market reduce inflation??? Yes.
FA 8…“elimination of inflation is required to follow state moderate monetary policy, an official at the Central Bank of Iraq and stressed that the Iraqi dinar will be the vital currency in global stock markets”
and…”the official source in the Iraqi Central Bank stressed that the purpose of deleting three zeros from the currency of Iraq is to lift the economy and prosperity to raise support for the dinar, which will be a key reason for the return of Iraq’s economy again in January”
“Turkmenistan issued six new banknote denominations on January 1, 2009”
Could be a coincidence if you believe in those….Frank made a funny about FA 81 by first saying 8…..then 1…then oh yea, 81…you decide
more recently….1 is interesting but two weeks is MORE interesting.
MilitiMan: Good job Deepwoods.. Electronic payments will have a part in all of this and big time imo.. Electronic is fast. Digitization is fast and necessary! Hence we have not seen the 2021 exposed just yet. imo
The 2021 has not seen the 2019 FMLA or the 2020 Budgets respectfully, at least not yet publicly to us all. Now it appears they are kicking that can out to the 3rd, thus far.. Why? What are they hiding? The 3rd is the same day they are to close the Stock Exchange.. Makes one go hmmm ? Recall at the begining of the December the UN asked for the correction to the Budget.. Yes, it sure does make one go hmmm…
Another item is the unification you picked up on. We have talked about that in the recent past, as has the CBI Advisors. Prior to the unifications the pump in liquidity to give the feeling they have more money to pay bills and spook citizens to sell dinar to get into a store of value.
Apparently, it is not working that well. It has had an opposite effect. It is used as liquidity, for withdrawing currency while supporting the de dollarization of the country. MCPs will have to cease. We see they are working to that end with the currency auctions drying up.
So, in an earlier post there is shown that the auctions are in fact drying up and when the Dollar gets scarce, it will be different when allowed to be used again, as it will also be Digital like the Dinar..
They go so far as to say it will change the world. Well last I checked the USD is the largest traded currency on the planet. So I guess they are not kidding!!!
They tell us 01/01/2021 they are to have electronic housing loans starting.. Another thing that makes one go Hmmm… imo
What we are witnessing is the implementation of the next phase. Imo that is where the Delete the zeros and then to defend the currency..
I believe the communication or instructions have been handed down by now to those in need. That time has past.
They are now at a new fiscal year in about a 65 minutes.. lol There is a boat load of support for your views on the new issuance (small category notes) to come…imo ~ MM
Samson: Iraq announces the date of resuming the official working hours for the new year
31st December, 2020
The General Secretariat of the Council of Ministers announced, on Thursday, the date of resuming the official working hours in Iraq, after an official suspension of the beginning of the new year.
A statement by the secretariat stated, “The start of the official working hours for the new year will be on Monday 1/4/2021.” LINK
Samson: The Central Bank participates in the feasts of Christ and the New Year
31st December, 2020
His Excellency the Governor of the Central Bank of Iraq, Mr. Mustafa Ghaleb Makhaif, participated in the ceremony of distributing a number of gifts to orphaned Christian students within the community initiative sponsored by the Central Bank of Iraq and in which the Iraqi Private Banks Association and exchange companies participate.
This celebration comes on the occasion of the birthdays of Christ and the New Year, which took place in the Church of the Sacred Heart in central Baghdad.
During his speech on this occasion, the governor emphasized that peaceful coexistence is the characteristic of the Iraqi people, which includes in its spectrum many religions and nationalities throughout its long history.
For his part, Patriarch Robert Said stressed the importance of this initiative and its great humanitarian impact, especially as it comes at times when we celebrate the Christmas and New Year holidays.
The Central Bank of Iraq,
December 31, 2020 LINK
Samson: Iraq Stock Exchange suspended its activities for one day
31st December, 2020
The Iraq Stock Exchange announced, on Thursday, that its activities will stop for one day on the occasion of New Year’s Day.
The market said in a statement received by Shafaq News, that “based on the decision of the General Secretariat of the Council of Ministers considering Sunday as an official holiday on the occasion of the New Year, it was decided not to organize the trading session for that day.”
The statement added, “The sessions will be organized as of Monday, the fourth of January, according to their official timing.”
It is noteworthy that the Iraq Stock Exchange has used electronic trading and central depository systems since 2009 and seeks to launch the Internet trading system for investors, and organizes five trading sessions per week from Sunday to Thursday, and 105 Iraqi joint stock companies are included in it representing the sectors of banking, communications, industry, agriculture, insurance, financial investment and tourism And hotels. LINK