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“Finally Coming to a Head” – Sun. AM TNT Thoughts/News 1-22-23

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TNT

CandyKisses:
A political movement announces its support for the demonstrations of the 25th of this month

Baghdad – Nas   

On Sunday, the Awareness Movement announced its support for the demonstrations scheduled to start on Wednesday, January 25, in front of the Central Bank building, and demanding solutions to the dollar crisis.

Source: Dinar Recaps


Tishwash:
Parliamentary Finance reveals a new reason for the rise of the dollar

The Parliamentary Finance Committee revealed, on Sunday, new details regarding the rise in dollar prices, indicating that merchants evaded buying dollars through official invoices, raising prices in an unprecedented way.

Committee member Majid Shankali said in a televised interview, followed by Al-Malomooma, that “merchants evade buying currency through the official authorities to avoid the tax.”

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He added that “evading embers and buying dollars through exchange offices turned the dollar towards an unprecedented rise, and the government must work to end this phenomenon urgently in order to absorb the rise, as well as ending tax evasion.”

Shinkali pointed out that “the government is also required to open the tax credit and the electronic window urgently, as well as dialogue with the US Federal Bank to prevent speculation in the markets ink

RVAlready:
Wire transfer from France to Iraq

Nader from the Middle East successfully wire transferred money from his account in France to his mom’s account in Iraq, in one day.  So, it looks like the international digital transfer system is now working.  He was charged a conversion rate of 1460. RVAlready

PaperChaser:
Nader from the ME. https://www.youtube.com/watch?v=6ET9CT7HB2I Nader 2nd video: https://www.youtube.com/shorts/cAv-TqR7Wyw

RVAlready:
The Intel seems to indicate things finally coming to a head. It was a long ride. Enjoy the ending!

Samadhi:
Hey guys does anyone know what NEER is ? sorry for my duncity lol

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Joe Shmoe:
NEER is a long way from FAAR

PaperChaser:
$1.66 is being tossed around

OldManonthe River:
1 Mil at $1.66 would allow me to retire. I’d love to see $1.66 by month end.

Economist: CBI’s procedures are slow..and it must use its tools to raise the value of the national currency

Baghdad / NINA / The economic and political analyst, Jalil Al-Lami, considered: The Central Bank’s measures regarding the dollar crisis are slow. Stressing that the CBI must use its tools to raise the value of the national currency.

He told the National Iraqi News Agency (NINA): What is happening now is that the supply of the dollar has decreased, which led to an increase in prices, and this is a natural economic result, indicating that the Central Bank of Iraq had to negotiate with the US Federal Reserve to make the procedures slower than what happened because what happened caused a shock to the commercial market in Iraq.

Al-Lami added: Now things have become difficult and more complicated, because the US Federal Reserve believes that it will not back down, and the Central Bank of Iraq is not capable of change. Therefore, the situation is likely to remain the same in terms of affecting the commercial markets.

He stressed: In this case, the Central Bank must use its tools to control the dire economic situation by providing the local currency in the commercial markets in light of the decline in sales of the Central Bank of Iraq by issuing new category money to fill the shortage in the commercial markets, as well as automating banking operations./ 

CandyKisses:
Integrity talks about the recovery of more than 3 billion to the Industrial Bank

The Federal Integrity Commission revealed that based on its investigative procedures, an amount of (3,200,000,000) dinars was returned to one of the branches of the Industrial Bank in Baghdad.  

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The Investigations Department of the Authority indicated that one of the borrowers handed over the loan amount of (3,200,000,000) dinars to the branch of the Industrial Bank in Beirut Square, after asking the bank to return it, stressing that its investigative procedures and disclosure of granting the loan with the aforementioned amount in 2016 to establish a waste recycling and compaction plant in Babil governorate, which it revealed was fictitious, and does not exist on the ground, led to the bank’s demand to return the amount, which was actually achieved.  

The department explained that the borrower, who rented a plot of land belonging to the municipality of Hilla, has not paid rent allowances since 2017, while the municipality has not taken any action that would collect the accumulated rents.  

It is worth noting that the Commission announced in mid-December that its staff in Babylon was able to control the fake factory file in the province.  

Tishwash:
The Iranian rial fell to a record low

Iran’s volatile currency fell to a record low against the US dollar amid the country’s increasing isolation and potential European Union sanctions on Iran’s Revolutionary Guard or some of its members.  

Relations between the European Union and Tehran have deteriorated in recent months as efforts to revive nuclear talks stalled. Iran has detained several European citizens and the EU has become increasingly critical of the violent treatment of protesters and the use of executions.  

The dollar traded as much as 447,000 rials in Iran’s unofficial market on Saturday, compared to 430,500 the previous day, according to exchange rate website Bonbast.com.  

The European Union is discussing a fourth round of sanctions against Iran, and diplomatic sources said that members of the Revolutionary Guards will be added to the bloc’s sanctions list next week. But some EU member states want to go further and designate the Guard as a whole as a terrorist organization.  

The rial has lost 29 percent of its value since nationwide protests followed the death of Mahsa Amini, a 22-year-old Iranian Kurd, on Sept. 16 while in police custody.  

The unrest has posed one of the biggest challenges to Iran’s clerical rule since the 1979 Islamic Revolution.   link

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Source: Dinar Recaps

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