Thursday, December 19, 2024

ARIEL: IRAQ DINAR UPDATE, 19 DEC

 ARIEL

Iraq Dinar Update (Important Read) #4 The Final Step ๐Ÿ˜ 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.

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