ARIEL
Iraq Dinar Update (Important Read)
#4 The Final Step
First Strategic Objective: Support and Enhance Monetary Stability
This strategic framework outlines four key sub-objectives with their corresponding initiatives to maintain monetary stability:
1. Stability of the General Level of Prices
- Issue medium or long-term securities capabilities
- Manage monetary policy rates in alignment with monetary stability and economic growth requirements
- Support and stimulate microfinance development
- Implement a comprehensive national lending strategy
2. Stability of Exchange Rates
- Transition from platform-based to correspondent bank systems for foreign remittance procedures
3. Manage Reserves According to Best Practices
- Diversify investment tools based on source
- Enhance and increase gold reserves
4. Improve the Quality and Structure of the Iraqi Currency
- Introduce new high-quality currency issues with reduced environmental impact
- Establish a dedicated currency examination laboratory
- Implement automation for cash operations, including counting and sorting functions
Do you see how close we are?
What is the 1st thing they have to do in #4? Introduce a new currency correct?
And they also stated that they want to complete this within 10 days which brings us to Christmas.