KTFA – More News, Rumors and Opinions Fridday Afternoon 2-23-2024

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Frank26:  “THIS SUBJECT IS ONLY BECAUSE THERE IS NO USD TO USE & THE 3 ZERO NOTES ARE WORTHLESS IN IRAQ. SO WHERE’S THE LIQUIDITY?… IN THE LOWER NOTES THAT ARE ABOUT TO BE INTRODUCED”………F26

Al-Alaq denies to Al-Iqtisad News the existence of a liquidity crisis in the Iraqi dinar

2/22/2024  Baghdad

The Governor of the Central Bank of Iraq, Ali Al-Alaq, denied reports that there was a problem in providing the dinar.

Al-Alaq said in his speech to Al-Iqtisad News, on the sidelines of the workshop on enhancing electronic government collection, organized by the Iraqi Private Banks Association, today, Thursday, that “everything that is being raised about a problem in providing the Iraqi dinar, or a liquidity crisis, is not true.”

He added that the Central Bank did not stop for a single moment in responding to the Ministry of Finance’s liquidity requests.   LINK

Frank26:  “ALL THE CBI MEETINGS AROUND THE WORLD… ONLY TALK ABOUT THE MONETARY REFORM OF IRAQ”……..F26

The Central Bank of Iraq hosts a technical workshop for the General Council of Islamic Banks and Financial Institutions

February 20, 2024

The Central Bank of Iraq hosted a technical workshop on governance and compliance in Islamic banks and financial institutions, organized by the General Council of Islamic Banks and Financial Institutions.

The workshop, which was attended by a number of representatives of Islamic banks and financial institutions, regulatory bodies and supervisory authorities, and international organizations, discussed governance and compliance in Islamic banks and financial institutions, supervisory methodologies for continuity and development after crises, challenges of governance and compliance in Islamic finance, as well as risk management practices. 
The workshop saw the work program carefully designed to integrate theoretical frameworks with practical applications in the field of governance, compliance and risk management to ensure maximum benefit for participants. 

For his part, Deputy Governor of the Central Bank of Iraq, Dr. Ammar Hamad Khalaf, stressed that the success of the workshop underscores the growing importance of Islamic finance in Iraq, considering that “hosting this workshop reflects our fruitful cooperation with the General Council in order to encourage best practices for governance and compliance within Islamic financial institutions.” in Iraq”.

In turn, the Secretary-General of the General Council, Dr. Abdul-Ilah Belatiq, said, “Through this distinguished initiative, we reflect the joint commitment between the General Council and the Central Bank of Iraq in developing the principles of governance and compliance in the Islamic financial industry,” looking forward to “more cooperation and constructive work to strengthen and develop the financial industry.” Islam in the region.

Central Bank of Iraq 
Information Office 
20 – February – 2024

https://cbi.iq/news/view/2516

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

Frank26  This parallel market is going to shift down to the 1310, to quickly move to a goal of 1 to 1 rate inside of Iraq.  Between the 19th of this month and 29th…the WTO will be admitting 5 countries into the WTO.  I believe deep in my heart one of them will be the Iraqi dinar [Iraq?]

Mnt Goat  …when it does finally come out on the global exchanges, like FOREX, the rate in Iraq will coincide to whatever the rates are on the global currency exchanges that you want to exchange the dinar to. The banks will then use FOREX…Once on FOREX, there will be currency exchange rates in Iraq and elsewhere according to the country’s currency you are exchanging it in. For instance, if you are in the United States you will exchange for USD. If you are in Germany you will exchange for Euros, etc.. etc…  There are no other rates. The Iraqi program rate will be gone. That whole temporary currency system will be gone.

CBI # sell, or the dollar to the real traveler

Nader:  2-23-2024

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

Gold & Silver Exchanges Being ‘Bled Dry’ and No One is Paying Attention: Andy Schectman

Commodity Culture:  2-23-2024

Andy Schectman explains how the major metals exchanges are being bled dry of both gold and silver, in a significant move towards higher precious metals prices that no one is paying attention to.

As the demand for physical gold and silver surges, the integrity of these exchanges is being questioned, raising concerns about the sustainability of the entire precious metals ecosystem.

Andy shines a light on the factors contributing to this unprecedented situation and explores its potential ramifications for investors and the broader financial landscape.

00:00 Introduction

00:42 Outlook on Gold Price

 05:09 BRICS and Dedollarization

11:32 Central Banks Front Running the Market

16:23 Catalysts for Silver

 23:37 Is the WEF Agenda Failing?

34:12 Collapse of the Dollar