Summary of THE HISTORIC DINAR REINSTATEMENT BY DINAR REVALUATION , 25 SEPT

Summary of  THE HISTORIC DINAR REINSTATEMENT

HERE WE highlight recent positive chatter originating from Iraq, where key meetings among financial experts and government officials are underway, aimed at reinforcing the country’s economic reforms AND enhance the value of the Iraqi Dinar.

Key Points:

1. Optimism in Iraq’s Economy: The atmosphere is filled with hope, characterized by intense discussions among stakeholders focused on stabilizing and reforming Iraq's financial system.

2. Key Stakeholders: Significant meetings are scheduled with individuals from the Central Bank of Iraq (CBI), governmental bodies, and representatives from the U.S. Treasury. These dialogues are integral to establishing clear plans for the dinar's future.

3. Pillars of Financial Reform:
   • Banking Reform: Enhancing bank efficiency, transparency, and compliance with international standards.
   • Insurance Sector Development: Establishing a robust insurance market to protect investments and mitigate risks.
   • Stock Market Expansion: Building a dynamic stock market for capital raising and investment opportunities.

4. Elimination of Parallel Market: To boost the dinar's value, it's crucial to eradicate the parallel market for the U.S. dollar that leads to its artificial depreciation. Strategies include enhancing regulatory frameworks and ensuring transparency in currency transactions.

5. Sustainable Dinar Rate: The CBI must establish an official exchange rate for the dinar that accurately reflects Iraq’s economic conditions and undertake further analysis alongside international dialogues.

6. Project to Delete Zeros: A radical initiative intended to stabilize the economy by replacing large denomination notes with smaller ones, simplifying transactions and reducing inflation.

7. Goal of Global Reintegration: Ultimately, the aim is to reinstate the IQD (Iraqi dinar) onto global exchanges by demonstrating economic stability and creating tradable market options.

Please remain positive and patient during this transition,  success requires time. You can subscribe our channel for ongoing updates:  https://www.youtube.com/@DINARREVALUATION