STATUS OF THE RV , PART. 2
😊So, once again all the chatter in the news from Iraq is about the dinar and how strong it is slowly becoming.
Everyone should take the time to look of the articles on this subject matter and they can be found in the Articles Section. Do think this topic is HOT right now and why all the talk about it now? Do you think six (6) articles on this subject matter are in the news for a reason? Are you kidding me, of course it is important. We are about to see a monumental change in the dinar.
“MONETARY POLICY RAISES THE VALUE OF THE DINAR AND REDUCES RELIANCE ON THE PARALLEL MARKET”
“AL-NUSAIRI: OUR DINAR CONTINUES TO RECOVER UNTIL IT REACHES THE OFFICIAL PRICE.”
“MOST NOTABLY, THE TRAVELERS’ DOLLAR. AL-SUDANI’S ADVISOR REVEALS THE REASONS FOR THE EXCHANGE RATE’S DECLINE.”
“THE SECRETS OF “BLACK TRADE”… FACTION TACTICS BRING THE DOLLAR BACK TO 140,000 DINARS”
“THE DOLLAR’S EXCHANGE RATE IS STABILIZING TOWARDS ITS TARGET: ADAPTATION OR ADJUSTMENT? ”
“9 REASONS FOR THE SUDDEN DROP IN THE DOLLAR IN IRAQ: AN ECONOMIST EXPLAINS”
Going Forward…
So, what do I mean by “monumental change” of the dinar? Lots of questions and so let’s dive into what is happening going forward in Iraq to satisfy your curiosity.
😊Now I want to present yet more amazing news to you from the IMF. In the article titled “COOPERATION BETWEEN IRAQ AND THE INTERNATIONAL MONETARY FUND”. There are two events to point out to you today from this article:
1.Determining the most appropriate tax systems for the Iraqi social situation
Iraq and the International Monetary Fund agreed to strengthen relations with foreign correspondent banks in the field of foreign trade financing.
2.An agreement was reached to support the use of the Iraqi dinar in economic transactions to maintain the stability of the local currency.
Both of these events are going to move the dinar yet higher. The one I like the most is #2 which is basically telling us that the dinar (not the dollar) will soon be used to conduct economic transaction, meaning to be used in trade between Iraq and its trading partners. Yes, it a time to make that next step and liberate the Iraqi dinar yet even more.