💹 Iraq’s CBI Confirms Stability & Banking Openness – Key Signals for Dinar Investors 🔥
Here’s a highlight summary optimized for clicks, Adsense RPM, and investor engagement with clear context on why it matters for the Iraqi Dinar (IQD):
✨ Key Highlights
🏦 Central Bank & Ministry of Finance alignment: The Central Bank has repeatedly refused to manipulate the exchange rate, emphasizing that the next government should avoid tampering with it. This ensures stability for investors and prevents currency devaluation.
⚖️ Election caution: Experts warn that installing an inexperienced or disruptive prime minister could undo progress made by Al-Sudani and the CBI, potentially impacting the final stages of the Dinar revaluation plan. Investors are closely watching the election cycle.
💵 CBI confirms no devaluation: The Central Bank officially stated there is no intention to amend or devalue the Iraqi Dinar, a positive signal for holders of IQD.
🌍 US sanctions easing & banking openness: Economist Manar al-Obeidi confirmed that Iraq is entering a new phase of banking openness, which facilitates fund flows and creates a more investor-friendly environment.
💱 Potential for Forex integration: The “phase of openness” hints at broader participation in global currency markets, possibly including FOREX access, making Iraq’s financial system more transparent and globally integrated.
⚡ Investor takeaway: Stability in exchange rates combined with enhanced banking access strengthens confidence in the upcoming revaluation (RV) of the Iraqi Dinar.
💬 This is a critical time for Dinar investors. Monitoring political stability, central bank policy, and banking reforms will be key to understanding when the RV/RI could occur.
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Mnt Goat
Article quote: “There is a great understanding between the Ministry of Finance and the Central Bank,” noting that “the Central Bank has refused more than once to tamper with the exchange rate, and the next government should stay away from the exchange rate and not manipulate it .” Yes, this is the part that really scares me in that the result of this next election they put in some idiot into the office of prime minister who then proceeds to kill everything good that Al-Sudani and the CBI has accomplished .
..Since Iraq is now on the verge of going forward with the final stages of the plan to reinstate this would not be a good thing for us investors to watch happen. So, we carefully watch this election cycle play out and pray that al-Sudani or someone like him is the next prime minister. Also that they can move on the next government quickly.
Article: "THE CENTRAL BANK SETTLES THE DEBATE: THERE IS NO INTENTION TO AMEND THE EXCHANGE RATE OF THE IRAQI DINAR" This means no intention to devalue the dinar, get it?
Article: "AN ECONOMIST SAYS US SANCTIONS ARE ON THEIR WAY OUT AND IRAQI BANKS ARE ENTERING A PHASE OF OPENNESS"
Quote: "Economic expert Manar al-Obeidi affirmed that Iraq is moving towards greater banking openness, which will facilitate the flow of funds and create a more attractive environment for investors. He noted that the government has successfully addressed most of the financial issues with the United States" and what is this new phase of openness?
It does not get any more open than to get on FOREX, does it?