KTFA: "They just need to RAISE THE RATE by dropping the 3 zeros" 5/2/19

by **RamblerNash** Thu May 02, 2019 9:35 pm

KTFA:

Catman: I was reading about the IMF and what there roll in helping with the banking in Iraq, and also about how the Deputy's are going to be fined for not showing up for meetings.

This makes me wonder if this is part of what is holding back the RV of the Iraqi dinar, along with the fact that big money is being made by the money changers at the auctions.

I would think IMO that there are bribes handed out to keep the auctions going and repress the RV where they would not be getting there cut. I see where Trump told them to go back home and work out there problems. I would think it is more this than the US treasury holding things back or Trump.

In fact I would think that Trump is getting impatient with them because he knows how the reform would benefit the US and the people that have moneys invested.

Yes the CBI is doing a lot of e-banking things and international things but with out support form GOI and getting the auctions ended and making the elected by the people to show up, and get on the same page, and getting things done.

IMO this is the biggest reason it the RV has not come to pass. Just some thoughts as to what is possibly keeping us waiting

Iobey777: Nice "thoughts"! However, as Frank said this last night...

" SO THE IMF COMES OUT RIGHT AFTER THAT ..STOP THE AUCTIONS!

THEY REALLY WANT THEM TO SAY THEY ARE ART 8, BUT IRAQ IS THE ONLY ONE THAT CAN DO THAT

IT WAS AN OPINIONATED PIECE..YOU KNOW WHY? BECAUSE IT IS THE IMF'S OPINION!!

THEY CAN'T TELL THEM LIFT THE 3 ZEROS,

THEY CAN'T STOP THE AUCTIONS! INFLATION WOULD GO HIGHER !

WHAT THEY ARE SAYING IS LIFT THE 3 ZEROS OR CHANGE THE AUCTIONS!"..... they can't stop the auctions!!!

They just need to RAISE THE RATE by dropping the 3 zeros and change the way they do the auctions!!! Blessings! IMO

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Don961: Few and shocking facts reveal a government collusion with the $ 1.8 billion smuggling file

2019/05/02 14:51

(Baghdad today) in a seventh episode published documents exposing those involved in the largest money laundering and smuggling on the date of Iraq, which colluded a large government bank (MR) with the bank Ahli (m), and ended the smuggling of funds worth 1.8 billion dollars, through Auction sale of foreign currency, which is evaluated by the Central Bank of Iraq.

Baghdad is now publishing three new documents, including letters from the central bank to a government agency that declined to respond and raised doubts about its involvement as a new party complicity in the smuggling of this huge sum.

The government bank provided the Ahli Bank with a financial cover and deposits from persons and unknown destinations whose names did not appear or for the purpose of depositing the funds, paving the way for the participation of the National Bank In the currency auction and transfer of funds to an intermediary bank in an Arab country. The Anti-Money Laundering Department of the Central Bank was unable to identify the final recipients or the purpose for which the transfers were made.

The Money Laundering Committee has doubts about the involvement of an official body in the process

As a result, the officials of the Central Bank of Iraq's Money Laundering Department raised doubts about the participation of the bank in the bank auction, especially with no explicit names of the persons who paid the bank's money to participate in the Central Bank auction. Ahli Bank and the Government Bank, which cooperated with him on the nature of remittances which amounted to 1.8 billion dollars during the four months began in 2014 and ended in June 2014.

After the suspicions of a money laundering operation were strengthened, the money laundering department of the Central Bank moved to address the General Tax Authority of the Ministry of Finance to ascertain the identity of the participants in the process of transferring these huge sums.

Baghdad today published in its seventh round 3 official documents containing correspondence sent by the Department of Money Laundering to the Tax Department on different dates starting October 27, 2014 and then returned to the Department to confirm the first book on 9 December 2014, and then a third book on 19 January 2015 demanding the same Which remained without a direct answer, prompting his officials to arrive at the shocking fact that there is already money laundering and that the silence of the Tax Department and reluctance to respond to his books suggests that it may be involved. link

Samson: Notes to the Central Bank of Iraq

2nd May, 2019

Abdul Zahra al-Bayati

In recent years, the country's private banking sector has witnessed remarkable development. It is estimated that there are more than 75 private banks, and it is clear that this expansion in this sector did not come from a vacuum. It is a result of the necessities dictated by the need and expansion in line with the trend towards upgrading and expanding the private sector in order to take its role. In all countries of the world, which has adopted privatization in various economic activities.

I believe that the prudent policy of the Central Bank of Iraq has an impact on the development of a promising Iraqi banking industry. However, there are some observations that we would like to work on, including the establishment of specialized training courses for senior administrations represented by the board members, the managing director and the assistants to the banks. Leading in these banks, so that we have a staff capable of performing its functions to the fullest.

This will insure the private banks not to fall into the mistakes and the resulting fines, and the insurance of these owners will break the monopoly of these titles by people who believe that the best and without them gets the flood!

In the opinion of specialists in the banking sector, the insurance of senior and middle banking companies is a necessary and very important to feed the private banks with human cadres prepared, trained and prepared for this purpose.

We believe that the Central Bank of Iraq is able to do so easily and easily if we know that he has the experience and energies of high-level in the field of expertise and training, and we hope to hear about the courses opened soon .. Yes very soon, and it is OK to use foreign expertise in this area. LINK