“Monetary Reform in Full Swing” – Fri. AM/PM KTFA Thoughts/News 9-24-21



Don961 » September 24th, 2021

A new rise in the reserves of the Central Bank of Iraq

Baghdad – INA – Nassar Al-Hajj

The Central Bank of Iraq announced today, Thursday, a new rise in the bank’s foreign exchange reserves.

The Deputy Governor of the Central Bank, Ihsan Shamran Al-Yasiri, told the Iraqi News Agency (INA), that “the foreign reserves of the Central Bank of Iraq witnessed a 14% increase compared to what they were on 31/12/2020.”

Al-Yasiri added: “Where it was worth 54.501 billion dollars, to reach on 22/9/2021 (yesterday), it reached 62.155 billion dollars, an increase of 7.654 billion dollars.”

And Prime Minister Mustafa Al-Kazemi announced, last April, that the Central Bank’s foreign currency reserves had risen to more than $60 billion.

Al-Kazemi said, in a statement received by the Iraqi News Agency (INA), that “the central bank’s foreign currency reserves rose to more than 60 billion dollars, after it was 51.9 billion dollars before the reform measures for this government began.”

The Prime Minister added, “The increase came as a result of the reform measures taken by the government after many bet on their failure and lack of continuity,” adding: “We succeeded in stopping waste and great corruption in the notorious Central Bank auction, and we are proceeding with our procedures and we will not stop.”   LINK  

Jerry1971 » September 24th, 2021

Thanks Don awesome article and further confirmation from Cbi and Pm KAZEMI that the monetary reform is in full swing proceeding in the speed of light and nothing is stopping it this time ties in with Sir Frank golden nuggets of what there are going to do with their nscn (New small currency notes)  and new exchange rate change shortly IMO Exciting times in dinarland.

Samson » September 24th, 2021

Oil prices cross $77 a barrel

24th September, 2021

Today, Friday, oil prices jumped to their highest level in more than two months, to cross the barrier of 77 dollars a barrel

Brent crude settled up $1.06, or 1.4 percent, to $77.25 a barrel, the highest price since mid-July, while US West Texas Intermediate crude rose $1.07, or 1.5 percent, to $73.30 a barrel  LINK

Source: Dinar Recaps

Samson » September 24th, 2021

Iraq seeks to move the file of frozen funds in France to buy advanced weapons

24th September, 2021

The Parliamentary Security and Defense Committee revealed, on Friday, September 24, 2021, efforts to move the file of Iraqi funds frozen in France to buy weapons and military equipment.

The head of the Parliamentary Security and Defense Committee, Muhammad Rida Al Haider, said in a statement received by the Obelisk: There are obstacles in arming the Iraqi army in terms of air power, air defense and ground forces, including armored vehicles and tanks, especially after the battle of the terrorist organization, indicating that the French military attaché and political representative of the embassy the French visited us in the Security and Defense Committee and briefed us on the initial understanding of contracting the French Rafale planes, as well as advanced French radars and various air defense weapons.

He explained: So far, the contract has not been signed, but the understandings are there and have been identified, and the Iraqi Defense Minister visited France twice and agreed on some weapons. We don’t know how much money is.

Al Haidar indicated that a committee was formed during the era of the two previous governments to look into this file, and this committee is made up of old officers in the Air Force and Air Defense who have complete information. Iraq and the subject is being searched for.

He stressed that Iraq can raise the issue and take weapons with the old frozen money, because Iraq paid money to France to buy weapons, but it stopped during the siege and remained frozen in France and some officers raised the issue as volunteers. correct.   LINK

Source: Dinar Recaps


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