The sudden rise of the dollar in Iraq: Does it threaten the stability of the national economy?, 23 JULY

 Dollar prices exceed their limits: Are we facing an unprecedented cash crisis in Iraq?

 Currency exchange markets in Iraq witnessed a significant increase in the exchange rate of the US dollar against the Iraqi dinar this Monday morning. Prices in the markets of Baghdad and Erbil, the capital of the Kurdistan Region, recorded a significant increase, which raises questions about the possible causes and economic impacts of these changes.

Price hike details

t the opening of the two main stock exchanges in Baghdad, Al-Kifah and Al-Harithiya, the dollar rose to 149,250 dinars for every 100 dollars, compared to 149,000 dinars recorded yesterday. In local markets, the selling price of the dollar reached 150,250 dinars, while the buying price recorded 148,250 dinars for every 100 dollars. In Erbil, the dollar also recorded an increase in exchange shops, where the selling price reached 149,400 dinars and the buying price 149,300 dinars for every 100 dollars.

Possible reasons

The rise in the dollar exchange rate is due to several possible factors, including:

Changes in supply and demand: There may be an increase in demand for the US dollar by businesses or individuals, causing the price to rise.

Global economic shifts: Changes in global economic policies and oil prices can affect currency exchange rates.

Local economic conditions: Local economic challenges, such as fiscal deficits or political tensions, may lead to exchange rate fluctuations.

Economic impacts

This increase comes at a sensitive time for the Iraqi economy, as it may lead to several noticeable economic impacts:

Increased import costs: As the dollar rises, the cost of imports will become higher, which may affect domestic prices of goods and services.

Impact on citizens: Citizens who depend on importing goods and products in dollars may be affected by an increase in the cost of living.

Impact on investment: A rise in exchange rates can have negative effects on foreign and domestic investment, as investors may look for more stable markets.

The rise in the US dollar exchange rate against the Iraqi dinar is an important issue that requires close monitoring. It is important for investors and economic decision makers to monitor developments and take the necessary steps to mitigate the potential negative effects on the national economy.  link

RV UPDATE BY FRANK26, 23 JULY

  Frank26

   Once they remove these 3 zeros from the exchange rate...it's going to gain in the new value.  But that's not where they wanted at the RI.  They will float it and they will re-denominate and then it will hit an RV as it floats from an RI back to the RV.  

 There will be an increase in the Iraqi dinar but it won't effect you [Iraqi citizens]..

 Do they need to have value to their currency in order to join the WTO?  

 No.  That's coming...I don't care if they going into the WTO now, tomorrow, next week, whenever.  They're probably moving it to the beginning of next year.  It's not important.  But the evidence of being in the WTO screams what?  Monetary reform float.

The Iraqi dinar first will come out as a reinstatement instantly and work itself back up to an  RV..

🔥 Iraqi Dinar 🔥 Pay Attention 🔥 Today IQD Value to Dollar RV News Guru U...

Al-Nusairi: Implementing banking reform strategies is the main pillar for reforming the national economy , 23 JULY

 The advisor to the Iraqi Private Banks Association, Samir Al-Nusairi, confirmed today, Monday, that the banking reform and development strategy is the main pillar for reforming the comprehensive national economy.

Al-Nusairi said in a special interview with “Al-Eqtisad News” that “the strategy of banking reform and development is the basic pillar for comprehensive and radical reform of the national economy in line with what is stated in Article Twelve, Paragraph (7) of the government program, which clearly and accurately stated that (banking reform, with what it provides of a real and effective basis for the advancement of the Iraqi economy and the activation of investment through the restructuring and mechanization of government banks, reviewing their work, and stimulating and enabling private banks to be able to support investment and development in a real way).”

Al-Nusairi touched on the "importance of the banking sector, as it occupies a vital position within the financial structure of the economy in mobilizing savings and financing development through its ability to flow money between the categories of the national economy, which is the basic step for economic reform."

He pointed out "the measures currently taken by the Central Bank with the support of the government to launch its new third strategy for reforming and developing the banking sector for the years 2024-2026 according to seven main objectives, 24 sub-objectives and 75 initiatives to implement the objectives focusing on achieving monetary and financial stability, strengthening the banking sector, enhancing digital transformation, activating electronic payment, enhancing financial inclusion, maintaining a sound financial system, developing the organizational structure and human resources, strengthening the internal and external relations of the Central Bank, and the banking sector's compliance with international standards."

Al-Nusairi pointed out that "a national strategy for bank lending in Iraq for the years 2024-2029 was launched, aiming to increase credit granted to the private sector by 4% of the non-oil GDP, which is equivalent to approximately 7 trillion dinars, and the second goal is to increase credit to small and medium enterprises by 3% of the non-oil GDP, which is equivalent to approximately 5 trillion dinars."

He stressed that "the new mechanisms depend on organizing the granting of loans to develop small, medium and micro enterprises by relying on and relying on a new approach to determine the basic objectives of economic development, evaluating the current situation of private sector financing, and benefiting from international experiences in this field, as well as continuing the procedures and using monetary policy applications to control the exchange rate and reduce the gap between the official rate and the parallel rate towards reaching the targeted and balanced exchange rate."

 Al-Nusairi explained that, "If it were not for the many services provided by the banking system in developed countries, these countries would not have been able to achieve the progress and economic growth they have achieved."

He explained that "the strength of the banking structure has become a necessity for building a prosperous economy that adopts modern systems and sound sustainable development. The development of banking habits and awareness of the importance of developing banking institutions in a way that ensures the building of a national savings base and develops the financial resources necessary to build the economy have become priorities for decision-makers."

The advisor to the Private Banks Association continued: “The soundness of the banking system and the mobilization of sound decisions in the field of economic policies towards developing and modernizing banking systems ensures the achievement of momentum in the world of real and financial investment, which stimulates financial and monetary markets, which leads to attracting foreign capital seeking profit.

Therefore, the decision-maker should take the necessary measures to fortify and strengthen local banking systems in a way that makes them capable of facing the challenges of transferring capital to and from abroad without causing money laundering or smuggling foreign currency, and then increasing the profitability of financial and banking institutions and strengthening the structure of the gross domestic product, which is what the government and the Central Bank are currently active in.”  link

RV UPDATE BY SKYWALKER, 23 JULY

  SkyWalker 

 Currency value and an exchange rate are two totally different things and are determined differently. Changing the exchange rate does not make value. Value is made by the monetary policies that CBI and Iraqi government have put in place...

Now, the inflationary zeros will be removed because the government has met the requirements of the CBI and made an economic environment that will support both the value of the dinar and keep the economy humming along.  Value through policies must be restored first which will be represented with new notes being lower denominations... 

Meaning the three zero notes will be physically removed from circulation and the lower notes without the extra zeros will be issued. Then and only then the exchange rate reflects an increase in the relative price of the Iraqi dinar compared to the price of another currency.

Iraqi Dinar No More 3 Zeros 🔥Iraqi Dinar Today Latest update

US-Iraq Joint Security Dialogue Begins in Washington, 22 JULY

 US Ambassador to Baghdad Alina Romanowski announced today, Monday (July 22, 2024), the beginning of discussions between Iraq and America regarding the future of the international coalition mission.

Romanowski wrote in a post on the "X" platform, followed by "Mawazine News", saying, "Today, the joint security dialogue between the United States and Iraq begins in Washington, DC."

She added, "Security officials from the United States and Iraq will discuss the future of the international coalition mission and strengthening security cooperation between our two countries."

 The US Ambassador to Baghdad, Alina Romanowski, announced the start of the joint security dialogue between the United States of America and Iraq in Washington, today, Monday.

Romanowski said on her account on the "X" platform, "Security officials from the United States and Iraq will discuss the future of the international coalition mission and strengthening security cooperation between our two countries."

Negotiations between Baghdad and Washington resumed last February, with the adoption of a deliberate and gradual reduction, leading to the end of the mission of the international coalition forces to combat ISIS, according to official Iraqi statements, to be followed by two other rounds in March and April.

There are about 2,500 American soldiers in Iraq, as part of the international coalition led by Washington since September 2014. The soldiers are distributed across three main sites in Iraq: Ain al-Assad base in Anbar, Harir base in Erbil, and Camp Victoria adjacent to Baghdad International Airport. In addition to the American forces, there are French, Australian, and British forces operating within the coalition forces, and others within NATO in Iraq. link

THE LATEST HAPPY BANK STORY BY GINGER, 22 JULY

💢JP, Liberty Lounger Extraordinaire 💥 shares her latest happy bank story! She's one of our brightest stars here and very trustworthy. 😁 7.18.24 

💢JP: Grand Rising GLL family. Quick bank story to share that happened yesterday. I intentionally go into Chase bank to pay my credit card, giving me an excuse to see what I can find out and for them to get to know my face. It went like this with the teller after the greetings.

Me: I see there's a few new faces 

Teller who has served me several times replied: 

Yes, we have a few more brand new hires. 

Me cutting to the chase(pun intended 😂):

 IC.  You all must be getting ready for the global currency exchange

Teller nodding: Yup. There's a lot going on

Then she leans in towards the glass between us:

But they don't tell us tellers anything. We find out things last around here. I just know the right people, so I know what's going on

Me: Niiiiice!  Better late than never (smiling) 

Teller: Grinning (showing teeth)  and staring at me ...  

See you next time! Have a great day! 

I got to the parking lot and skip walked and ran a little to the car to tell my husband like I was 5 years old and Christmas was tomorrow!

~ Ginger of the Liberty Lounge

The Iraqi Dinar Update: News, Analysis, and Future Outlook #iraqidinar #...

Al-Nusairi: Implementing Banking Reform Strategies Is The Main Pillar For Reforming The National Economy , 22 JULY

 Banks   Economy News – Baghdad  The advisor to the Iraqi Private Banks Association, Samir Al-Nusairi, confirmed today, Monday, that the banking reform and development strategy is the main pillar for reforming the comprehensive national economy.

Al-Nusairi said in a special interview with “Al-Eqtisad News” that “the strategy of banking reform and development is the basic pillar for comprehensive and radical reform of the national economy in line with what is stated in Article Twelve, Paragraph (7) of the government program,

which clearly and accurately stated that (banking reform, with what it provides of a real and effective basis for the advancement of the Iraqi economy and the activation of investment through the restructuring and mechanization of government banks, reviewing their work, and stimulating and enabling private banks to be able to support investment and development in a real way).”

Al-Nusairi touched on the "importance of the banking sector, as it occupies a vital position within the financial structure of the economy in mobilizing savings and financing development through its ability to flow money between the categories of the national economy, which is the basic step for economic reform."

He pointed out "the measures currently taken by the Central Bank with the support of the government to launch its new third strategy for reforming and developing the banking sector for the years 2024-2026 according to seven main objectives, 24 sub-objectives and 75 initiatives to implement the objectives focusing on

 achieving monetary and financial stability,

strengthening the banking sector,

enhancing digital transformation,

activating electronic payment,

enhancing financial inclusion,

maintaining a sound financial system,

developing the organizational structure and human resources,

strengthening the internal and external relations of the Central Bank, and the banking sector's compliance with international standards."

Al-Nusairi pointed out that "a national strategy for bank lending in Iraq for the years 2024-2029 was launched, aiming to increase credit granted to the private sector by 4% of the non-oil GDP, which is equivalent to approximately 7 trillion dinars, and the second goal is to increase credit to small and medium enterprises by 3% of the non-oil GDP, which is equivalent to approximately 5 trillion dinars."

He stressed that "the new mechanisms depend on organizing the granting of loans to develop small, medium and micro enterprises by relying on and relying on a new approach to determine the basic objectives of economic development, evaluating the current situation of private sector financing, and benefiting from international experiences in this field, as well as continuing the procedures and using monetary policy applications to control the exchange rate and reduce the gap between the official rate and the parallel rate towards reaching the targeted and balanced exchange rate."

Al-Nusairi explained that, "If it were not for the many services provided by the banking system in developed countries, these countries would not have been able to achieve the progress and economic growth they have achieved."

He explained that "the strength of the banking structure has become a necessity for building a prosperous economy that adopts modern systems and sound sustainable development.

The development of banking habits and awareness of the importance of developing banking institutions in a way that ensures the building of a national savings base and develops the financial resources necessary to build the economy have become priorities for decision-makers."

The advisor to the Private Banks Association continued: “The soundness of the banking system and the mobilization of sound decisions in the field of economic policies towards developing and modernizing banking systems ensures the achievement of momentum in the world of real and financial investment, which stimulates financial and monetary markets, which leads to attracting foreign capital seeking profit.

Therefore, the decision-maker should take the necessary measures to fortify and strengthen local banking systems in a way that makes them capable of facing the challenges of transferring capital to and from abroad without causing money laundering or smuggling foreign currency, and then increasing the profitability of financial and banking institutions and strengthening the structure of the gross domestic product, which is what the government and the Central Bank are currently active in.”   53 views 07/22/2024 - https://economy-news.net/content.php?id=45452

Q & A WITH MARKZ, 22 JULY

QUESTION:   Can we still pick from a list for projects at our exchange ??? I also heard you can choose from projects they if we want to?

MZ:   I have heard that – I have also heard we will be given access to those choices when we set our appointments so we are prepared when we get there.

QUESTION:   Mark, do you think CMKX and PP’s would go before the humanitarian projects money?

MZ:   No- I think they may go at about the same time.

QUESTION:   Will we still be signing NDA’s?

MZ:    I keep hearing mixed stuff. I am hearing now that if you don’t have historic bonds or Zim –there will not be an NDA. That is what I hear from banking contacts.

QUESTION:    MarkZ, do you think the RV will happen in waves? First Dinar, then a few months later, VND?

MZ:   No, I think they will still all go at the same time. 

QUESTION:  How will those sending out notifications emails to us know our email address?

MZ:   Once again….if you joined a group early in this process….or bought currency with banks ect…they may have your email address….BUT…I suggest you subscribe to a Dinar site like Recaps or Chrinicles to get the information emailed from them to you when notifications come out.   I have had 2 banks tell me they absolutely will send the information to Dinar Recaps  and issue their instructions to them for their newsletter email list.

QUESTION:   Mark, how many contacts do you have in total that are legitimate? 

MZ:  That’s always a tough one. They can be the best contacts on the planet. …. But, there is such a disinformation campaign going on it doesn’t matter if they are top level paymasters ect….but everything coming from a Treasury source is suspect because they have to confuse the timing. This disinformation is purposeful. I argue it is hurtful and not needed at this point.

💥IRAQI DINAR HOT SHORT & SWEET SUMMARY💥 #iraqidinar #dinar #centralbanko...

With A Difference Of 18 Thousand Dinars From The Official Price.. Exchange Rates Continue To Rise "Crazily", 22 JULY

 Baghdad Today – Baghdad  The dollar exchange rate continues to rise in the main stock exchanges in Baghdad, reaching nearly 150,000 dinars for every 100 dollars this morning, Monday (July 22, 2024).

Al-Kifah and Al-Harithiya stock exchanges recorded the sale of $100 at 149,250 dinars, after it recorded 148,900 dinars yesterday, against a fixed purchase price of 148,250 dinars.

While local markets and exchange shops recorded the sale of 100 dollars for 150,250 dinars, which means that the difference between the official price (132,000) and the parallel price is still more than 18,000 dinars for unknown reasons and without the slightest government action except for statements, declarations and promises that do not contribute to its decrease.   LINK

GINGER INTEL , PART. 2, 22 JULY

 GINTEL CONTINUED - PART 2/2

·🌺 While some Tier 3 groups still haven't gotten paid, there's plenty of rumor that some indeed have. We have confirmed that the Paymasters have long since been funded - but what we're waiting on is for their people to be funded. Listen to Chronicles of an Ambassador Part 11 & 12 Gintel to get a stronger handle on what this means - so you're intellectually able to decipher between facts and fiction from the GNN. Details matter!  I'm actually leaning to the fact that action IS happening in certain pockets of the world and things are intentionally being kept quiet. 😉 When things change with Reno, I'll let you know - as that remains a clear indicator. 🙂🤐☺️ 

💢 THE BEAUTIFUL - How many times have I begged you to watch for the bigger events from your 40K perch & and look way beyond what the GNN is "saying"? Well, the facts are - we could be here, on the precipice of larger global political events. We're able to confirm military and law enforcement movements which point to things getting spicy 🔥. I'm honestly thinking the next two to three weeks could hold a lot! 

💢 Celestial Alliance affirmations - 😇 Cudos to you, GLL! They are literally calling y'all "Eagle Eye Tribe" and they love the visual object lesson we gave of you all in your "GLL Farm Treehouse" looking circumspectly with your super bionic binoculars! 😆👀 You have earned high praise for your diligence for watching for and searching for what's true and using your intuition and honing discernment. 😇 Much to share on this topic, but it'll have to wait for a Chronicles teaching - too much to type, but it'll be worth the wait - I guarantee it! 😁😉

·⭐ More to add to your positive rumor table - It's said a Week To Remember is coming very soon. Global events are leaning to this plausibility, to be sure. We'll wait it out and watch together.

·⭐ No one can deny my stalwart confidence in the military med beds - listen to Chronicles of an Ambassador Part 4 through 6 to learn more.... But we're also getting more confirmation in real life of their presence and distribution and readiness for roll out. I've not been given permission to say more... But Do Not Doubt their reality. 😉☺️

·⭐ In closing, thank you for being the kindest, the smartest, the most engaging, the most hilarious, the most caring, the most faithful, the most loyal, the most deciphering and the most powerful and prayerful people on Telegram!! No one like you, GLL!! YOU make it a pleasure to serve you & your servant leadership team brags about you often! 🌺💯❤️

~ Ginger, Ambassador for God's Abundance with the New Earth Alliance 7.21.24 ~ 12:40 AM

(7/22) CRITICAL Budget Challenges / Future Military Discussions / Speake...

Iraq And The US Elections... Limited Impact. 22 JULY

 Iraq  07/22/2024  The world is awaiting the results of the US elections scheduled for next November, which seem to be the most exciting in recent decades, after being dominated by personal touches and the conflict between the current president (Biden) and the previous one (Trump). Iraq is not excluded from the American spotlight, as it is a link between a number of international and regional parties.

Academic and researcher in political affairs, Dr. Abdul Aziz Al-Issawi, warned that Iraq's political situation is different from its previous situation, indicating that the Iraqi government is proceeding to zero diplomatic relations with the United States.

Al-Issawi told Al-Sabah: "We are not in 2006 or 2010 or 2014 when Iraq needed the international coalition, so the impact of the US elections is less than before." He added that "Iraq will not be affected by America and vice versa, as Iraq is no longer a major file to influence the US elections, as it has been preoccupied with the war in Gaza and Ukraine."

He continued, "There is talk that US policy is different with the arrival of Trump, and this is not true, because it is a state of institutions." He stated that "when Trump lost the previous elections and refused to hand over power, it was legally taken from him,

" stressing that "some link the elections in Iraq to the elections in America, while there is no impact, because the current government has drawn the course of foreign relations and is proceeding to zero out relations with everyone, so that the relationship with Washington will be more diplomatic."

Al-Issawi pointed out that "the time of the expansion of American influence is over, and therefore the American elections will have less impact on Iraqi politics."

For his part, political analyst Dr. Majash' Al-Tamimi stressed the importance of the upcoming American presidential elections.

Al-Tamimi told Al-Sabah: "The United States and Iraq are allies according to a security agreement and another strategic agreement that includes non-military and security matters," adding that "the United States considers Iraq part of its national security, while Iraq considers the United States an important ally with its strength in the economy, security and other matters, as its foreign trade is in US dollars and its money is deposited in the US Federal Reserve," stressing that "Iraq is affected by what is happening in America."

Al-Tamimi continued: "Accordingly, I do not think that the Republicans' victory in the elections will greatly affect Washington's policy towards Iraq, because Iraq wants this relationship to continue."

 He stressed that "the American presence is important for Iraqi national security, as American forces provide protection for the largest ISIS camp in Syrian territory, and in the absence of American support there will be negative effects on Iraqi internal security." Editing: Mohammed Al-Ansari   https://alsabaah.iq/99726-.html

GINGER INTEL , PART 1, 22 JULY

 PART 1/2 -- The Good, The Bad & The Beautiful ☺️💗 Here's your Gintel for the weekend 😁⬇️  7.21.24 

💢THE GOOD - Let's review some facts, which I've confirmed from real, live people that we trust. Boots on the ground types. Everything I'm sharing is from my own digging and my dear friends who are gracious enough to feed us very trustworthy information. 

·⭐ We've confirmed that Iraq's in-country rate is indeed in the range of $3.60 - $4.00 (vetted ✅ from Iraq) 

·⭐ We've confirmed that German Bonds are paying out. More excitingly, this is confirmed by German friend in Germany whose friend's GBs have been processed. ✅ 

·⭐ We have also confirmed that other European Bond contacts are extremely excited and confident that they will be finished by End-of-Month, according to their group leaders. This is coming from multiple sources. ✅ Stay calm & guarded - because the pace of events still remains to be seen. ☺️

💢THE BAD - I'm kinda surprised how really hush hush things are on the heels of Iraq's WTO accession meetings. 🤐 Dang! They don't want to squeak a leak, do they?! 😁😆 I feel your angst and your distress in the waiting. I get it. I shared recently with the family in GLL Chat that I try to be truthful. I think I might have been the only person on these pages who said I actually thought Iraq might not announce their rate before the WTO meeting on July 18, although I wanted to be wrong. I felt they would take time to put their final steps in motion for the official announcement to the world of their new rate. Lots of gurus suggested that Iraq had to have it done before 7.18.24. And here we are.... Still waiting... I'm glad I at least gave many of you that cautious expectation for those who cared to ask for my thoughts on that topic. My own reflection on that - gut feeling - assisted me greatly in the days following that monumental meeting on Thursday. I've felt settled. At peace 🕊️

. 

·🌺 I'm totally understanding as to why Iraq has to be so secretive! 🤐 Let's remind you of these key factors: Their new rate is in budget which has been published (secretly) in the June 23rd edition of their national Gazette. While some good guys refer to it as "the lost papers" - we like to think of it as "hidden" (intentionally). It's not just being hidden from the Iraqi citizens, it's being hidden from Parliament and the international community as well. It's all part of keeping this big reveal in the shadows, keeping these groundbreaking facts close to the chest. At just the right time, we know this will be revealed to the masses. On the positive side, we in Tier 4B can go before the Gazette details are made known. ➡️ I actually prefer this expectation due to the fact that this scenario would further keep the huge news sequestered so it's truly a "Private Exchange" for us; and the world won't let on to what's truly going on - yet - until it's time to go public. This is still very much a possibility. 🙂

 

·🌺 Misinformation is so needed right now. But facts are, Reno is still quiet - on Alert, but not on High Alert YET. This isn't bad news considering we know of other hot spots where news is favorable. 🙏 I just want to be balanced and fair and not hurt people with forced - or false - expectations - and if something is a rumor, I'll tell you. 

PART 2/2 NEXT ⬇️ ~ Ginger