KFTA – More News, Rumors and Opinions Wednesday Afternoon 12-27-2023

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Clare:  Advisor to the Sudanese: We aspire to the end of the parallel market for the dollar in the coming days

12/26/2023

The media advisor to Prime Minister Hisham Al-Rikabi announced that the government is committed to implementing the electronic payment decision in various ministries.

Al-Rikabi said in a tweet on the {X} website, “In the coming days, we have an ambition to reach the end of the parallel market for the dollar.”

It is noteworthy that the local markets have been witnessing a noticeable decline in the dollar exchange rate for days, as it fell for the first time in months to below 1,500 dinars per dollar.

Al-Rikabi said the day before yesterday that “the battle with the dollar is almost over,” referring to government measures to limit the rise of the currency in the parallel market and bring it close to the official rate at the Central Bank of 1,320 dinars to the dollar.    LINK

Clare:  Adviser to Sudanese: Work is underway to diversify foreign currencies in Iraq’s trade with the world

12/27/2023

 The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed the success of government measures and the Central Bank of Iraq in managing the demand for the dollar and contributing to reducing the exchange rate in the parallel market recently.

 Saleh told {Al-Furat News} agency, “The government’s measures were combined in coordination with the Central Bank in managing the demand for foreign currency in a smooth and flexible manner through the regular banking channels, which made the electronic compliance platform meet today 95% of the actual demand for foreign currency at an exchange rate of 1320.” Dinar for every dollar.

He pointed out that “the monetary policy has allowed the use of various foreign currencies to finance foreign trade for the private sector and through banking channels such as the UAE dirham and the Turkish lira, in addition to the euro, the Chinese yuan, and others.”

Saleh revealed that “work is underway to diversify sources of foreign currencies according to areas of trade with the world and in an easy manner.”

It is noteworthy that the local markets have been witnessing a noticeable decline in the dollar exchange rate for days, as it fell for the first time in months to below 1,500 dinars per dollar.

Prime Minister Hisham Al-Rikabi’s media advisor said last Sunday that “the battle with the dollar is almost over,” referring to government measures to limit the rise of the currency in the parallel market and bring it close to the official rate at the Central Bank of 1,320 dinars to the dollar.

Raghad Dahham    LINK

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Nader From The Mid East    I’m not saying the rate is going to change the 1st of January but things going to be stronger, a lot stronger.  Once they start using the dinar they’re going to be a lot stronger…

Petra  Patterns over the last couple weeks have been nothing but exciting…Their focus has been on tightening up their relationships and activities…with their new partners globally…Now they’re reaching out to countries and corresponded banks…which is critical for their currency to do what it needs to do.  What we’re seeing very clearly is a very focused and direct effort to get them over this finish line and to get them Article VIII compliant…all of these things line up…It’s basically done…Now they’re ready to go.

2024. THIS IS WHAT YOU ABSOLUTELY MUST KNOW! Here Is The Set Up Breakdown… Be Ready.

Greg Mannarino:  12-27-2023

https://youtube.com/watch?v=xeMg6HMiLss%3Ffeature%3Doembed%26enablejsapi%3D1

Chase Bank And Citigroup Are Telling Us Something Is Very Wrong

Atlantis Report:  12-26-2023

Chase Bank and Citigroup have raised red flags, signaling a deep-seated issue within the banking sector. Nine percent of all bank branches in the U.S. have shut down since 2017.

Earlier in the month, Citigroup informed the majority of its employees that they could work remotely for the final two weeks of December. Workers are allowed to log in remotely from any location within their country of employment from Monday to December 29, a Friday, marking this week as the last in-person experience for many staff members this year, according to sources familiar with the situation.

 In contrast to last year when the perk was introduced, employees are now apprehensive about CEO Jane Fraser’s comprehensive corporate reorganization, with some expressing concerns about the potential existence of their jobs next year.

Citigroup has indicated that Fraser’s assessment of the third-largest U.S. bank by assets will be concluded by the end of March.

https://youtube.com/watch?v=LJsLsfuRJic%3Ffeature%3Doembed%26enablejsapi%3D1