News, Rumors and Opinions Sunday 5-14-2023
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KTFA:
Clare: The Governor of the Central Bank
receives the British Ambassador to Iraq
His Excellency the Governor of the Central
Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received in Baghdad, His Excellency the
British Ambassador to Iraq, Mr. Mark Bryson Richardson.
The Governor stressed that the Central Bank of
Iraq has played a major role over the past years in stimulating the Iraqi
economy, indicating that the banking sector in Iraq is looking forward to
strengthening cooperation between the two countries in the field of managing
reserves, managing risks, combating money laundering and financing terrorism,
especially since the relationship of the Central Bank of Iraq With the Bank of
England (Central) extends to nearly (70) years.
For his part, Ambassador Richardson expressed
his country's support for the directions of the Central Bank of Iraq, in line
with the desire of the two countries, and urged international organizations to
support the position of the Central Bank of Iraq.
Central Bank of Iraq
Media Office
May 13, 2023
************
Courtesy of Dinar Guru
yada Now the UN, IMF, US, World Bank,
and even the CBI know the GOI can no longer stop the process. Best analogy would be the
pitcher has sent the pitch and it is on the way to being received by the
catcher. Pitcher is Iraq and the catcher is the rest of the world. Iraq can no
long stop it, out of their control...I strongly believe we are in the last
weekend of being broke...
Nader From The Mid East A lot of questions
like, 'Hey, the rate in-country do we have to travel to Iraq to change our
money?' First... whoever has millions of them, my opinion they're not
gonna let you travel with all that money...to change it in Iraq erase
it...forget it completely. Second, when the rate changes...if the one
is on Forex and if it's international in Forex the banks have to buy and sell
it especially if it's stronger than the dollar.
Debt
Crisis Accelerating Dedollarization | Mario Innecco
Liberty and Finance: 5-14-2023
The U.S. debt ceiling is fast approaching. While debt
ceiling negotiations are often political theater, a debt downgrade could be bad
news for the markets.
The U.S. is unlikely to outright default. Instead, the
U.S. will continue to devalue the dollar, in essence, a de facto default.
Mario Innecco joins us to discuss the debt crisis
along with the shrinking M2 currency supply.
https://www.youtube.com/watch?v=RoU7Ewh_VU4