More News. Rumors and Opinions Wednesday Evening 4-28-2021
TNT:
Tishwash: The Central Bank Governor determines the steps for developing the financial and banking sector
The Governor of the Central Bank, Mustafa Ghaleb Makhaif, set out today, Wednesday, steps to develop the country's financial and banking sector.
In a speech on the occasion of the Arab Day for Financial Inclusion, Mukhaif said, "The Central Bank of Iraq seeks to develop the financial and banking sector by developing products and services provided to suit the needs of these two sectors' customers, and puts among its priorities the support of digital financial services that contribute to enhancing financial inclusion.
Through the diversity of these services and their ease of access to all segments of society at the lowest costs. "
He added, "The Central Bank has adopted the development of the infrastructure necessary to accept digital services, such as payment by mobile phone, and the conduct of withdrawals and purchases through ATMs and points of sale, and has also taken steps to prepare the implementation of the project (Know your electronic customer)."
He continued: "He also urged banks to digitally transform the services provided by opening accounts remotely, and using applications such as mobile applications and internet banking services, in accordance with international best practices link
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Tishwash: What is the area in which the central bank moves in the area of controlling the currency ?exchange
On Wednesday, April 28, 2021, the price of the US dollar recorded a value of 1,461.5000 Iraqi dinars, while the Deputy Governor of the Central Bank of Iraq, Ihsan Al-Yasiri, on April 14, revealed a proposal submitted by the World Bank to amend the dollar exchange rate to 160 thousand dinars One Iraqi per $ 100, to raise the question about the future of the exchange rate that worries the Iraqi citizen, especially those with limited income, the role of the Central Bank of Iraq, and the area in which it moves.
Legal expert Tariq Harb says, Thursday, March 25, 2021, that the constitution includes that the Central Bank is not subject to Parliament's oversight
Harb said in a statement to "Al-Masalla", that the Central Bank's non-attachment to Parliament requires taking into account the exchange rate set by the .bank and the budget law
He added that the Integrity Commission is the only independent body that the constitution has granted privileges that exceed those of other independent .bodies, which are mentioned in the constitution in the chapter on independent bodies, namely Articles 102 and 103 of the Constitution
Harb pointed out that the constitution did not make the link between the Central Bank and the House of Representatives, but it made the link between the Office of Financial Supervision and the Media and Communications Commission in the House of Representatives and the link between the offices of .endowments and the Council of Ministers
Harb said that the constitution did not make the Central Bank subject to the oversight of the House of Representatives, as it did with the Human Rights .Commission and the Independent High Electoral Commission, which the constitution decided to be subject to oversight by the House of Representatives
And he added: The independence of the Central Bank was confirmed by Law No. 76 of 2004 issued by Bremer during his term and which is still in effect. These constitutional and legal provisions have their place when discussing the exchange rate of the dollar that he set and issuing laws, especially the .2021 budget bill that is currently being discussed in the House of Representatives
The debate continues to escalate over the implications of the exchange rate of the dollar against the dinar, as different political forces exchange various accusations between the search for special interests, or linking positions with regional powers, while the Iraqi citizen does not matter, that is, the extent .to which the mechanisms and conditions that facilitate his daily life are provided, and the availability He has a livelihood link
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Courtesy of Dinar Guru
Frank26 ...They tell you that they are going to float it [dinar] outside of Iraq...that means it [the rate] is fixed inside of Iraq... outside [of Iraq] it's going to float. It's called the REER. The Real Effective Exchange Rate...that's where we're at...it's possible it might float past the REER.
Iraqi Dinar update for 04/28/21
Pimpy’s Investment Chat: Apr 28, 2021
The Atlantis Report:
How to Survive The Coming Recession, Market Crash, and Economic Collapse
April 28, 2021
Low-interest rates, QE, fed printing money like never before and buying bonds to infuse that money into the stock market, central banks directly buying stocks to manipulate the market, even the Fed is doing it which is illegal.
Government spending like never before when the economy doesn’t need it. All of this will keep pushing the market higher until they can no longer control inflation, then it will come crashing down.
Enjoy the ride while it lasts. Just pay attention, and don’t be one of the many holding the bag at the end.
There is an opportunity in every crisis, and the deeper the crisis, the better the opportunity can be. But some people are not capable of seeing it.
We have all heard that the Chinese use the same word to describe the concepts of crisis and opportunity. What they mean to say is that and every crisis lies an opportunity, depending on how it is looked at.
A lot of you are asking, what should I do, give us some solutions. Well, I tell you what I personally do.
1. I Buy silver. 2. I Buy Farmland. 3. I Invest in assets/businesses related to aged care and healthcare.
That's all I do. Diversify. And don't put all your eggs in one basket or count your chickens before they hatch.
And always remember that the most important asset we have is our mind while the masses run for toilet paper—the few focus on building their immunity.
For the full transcript go to https://financearmageddon.blogspot.com