Monday, July 15, 2024

RV UPDATE BY PIMPY, 15 JULY

 Pimpy 

 This is big... Article Quote: "According to the latest data that is available, transactions through the central bank electronic platform have considerably increased with daily transactions reaching $200 million which is consistent with the size of Iraq's economy.  This marks a substantial rise from...2023 when transactions were around $50 million per day."  

That's a huge increase of $150 million.  This is right on par with Iraq's economy but the fact that the transactions have increased is a big plus for people investing in Iraq dinar...  

Article quote:  "The transparency provides a realtime reporting on the FITR platform can also enhance market confidence in the Iraqi dinar.  

Investors and traders are more likely to trust a currency whose transactions are openly documented and monitored by regulatory authorities.  T

his increase in confidence can contribute to a greater stability in the foreign exchange market for Iraq dinar...Higher levels of activity transactions being reported on the FITR platform can indicate a vibrant and active economy.  A robust economy often translates to a stronger currency value as investors are more willing to hold the asset denominated in that currency."  This is good news but again you guys stay grounded.  Sandy by.  Every day there's more and more good news coming out of Iraq...This is great news.

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