Tuesday, January 2, 2024

"RV UPDATE" BY PIMPY, 2 JAN

 Pimpy

  Article:  "The central Bank determines the entities covered by obtaining their remittances in dollars starting Tuesday"  As we all know...Iraq decided to de-dollarize.  They're no longer going to use the dollar.  Quote:   "Central Bank of Iraq specified the parties covered by obtaining their foreign transfers and cash and dollar currency starting from January 2nd. .."  They are definitely going to drastically reduce the use of the US dollar.

Article "Iraq is ranked 4th in the list of the most dynamic countries with foreign investment"   quote "Iraq ranked 4th among 10 countries with the growth of foreign investment momentum until 2024 with a growth rate in expanse of more than 370% from 2021 until the end of 2023 according to a report by the Foreign Direct Investment (FDI) website."  This is really good for Iraq.  

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