DINAR REVALUATION

Sunday, June 16, 2024

Special Announcement For Iraqi Dinar Investors After Eid Holidays 2024🔥i...

Iraq, US Discuss Formation of Joint Business Council,, 16 JUNE

Iraq, US Discuss Formation of Joint Business Council

ERBIL — The President of the Federation of Iraqi Chambers of Commerce (FICC), Abdul Razzaq al-Zuhairi, and the US Ambassador to Iraq, Alina Romanowski, engaged in discussions on Thursday to form a joint business council.

According to a statement from the FICC, the meeting focused on expanding trade and economic connections between Iraq and the United States, as reported by the Iraqi News Agency (INA). Zuhairi emphasized Iraq's balanced relations with countries that support its economic development approach.

The discussions also covered strategies to increase trade volume between the two nations and explored opportunities for cooperation with Iraqi chambers of commerce to enhance economic partnerships and boost activities in both the public and private sectors.

Ambassador Romanowski highlighted the importance of overcoming challenges related to providing entry visas for investors and businessmen. Both parties expressed satisfaction with their collaborative efforts in trade and economic fields.

"RV UPDATE" BY KAPERONI, 16 JUNE

Kaperoni

Floating the currency is the best option but only once they have created a diverse economy that is not dependent solely on oil.

...New currencies coming out in Iraq. Not true, the Iraqi dinar is the currency of Iraq. As far as any new smaller denominations, they will be introduced only as needed if and when the value increases and warrants so. There is no significant RV!

...The dinar to float at well over a dollar. Unlikely, the dinar when it floats will be whatever the current exchange rate is and could rise gradually accordingly.

Community comment: "Today the cbi says there are no new printing of bills"

That is correct. The Central Bank does not randomly print currency unless it's to replace damaged or worn out notes. There is no need for a new currency unless it is warranted. Moving to digital will eventually reduce physical notes.

Question: ----"They have a very largebudget ,without an increase in rate how do they meet the projects that is lined up?"

External expenses are paid in dollars since their primary revenue is dollars. Dinar is used to pay salaries, etc. in country.

CCommunity Comment: "Hopefully in the next 5 yrs we will see an appreciation of the currency price, based on the last year of progress." I agree! Iraq has an excellent opportunity now to diversify their economy and develop the banking system.

Much of the float articles that we have seen have concerns about speculators that is because they are referencing dealers speculating within the country. That will not happen.

All of these changes that they're talking about pertain to monetary policy. They have nothing to do with the exchange rate. Whether or not the exchange rate goes up or not is directly related to the economic success thereafter.

By the end of the year when the Central Bank of Iraq ends the currency auction, only transfers amongst established Iraqi banks and regional or International banks will occur. In other words, the float of the dinar and transfer of funds will be institutional.

What this means for us is the future of the dinar exchange rate is directly tied to the capital flowing through the CBI, economic growth, and success of Iraq. As Iraq prospers, so will the dinar! Though we may not see the dinar exchange rate improve initially. This is a significant change in monetary policy for the Central Bank of Iraq. Some 20 years in the waiting.

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-kaperoni-25-may.html

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-kaperoni-26-may.html

Iraqi dinar ✅Its, Massive Iraqi Dinar Revaluation Frank26 All IQD Ho...

Parliament hints at a "revolution" in the completion of laws in the new legislative term - urgent, 16 JUNE

Parliament hints at a "revolution" in the completion of laws in the new legislative term - urgent

Baghdad Today - Baghdad

Today, Saturday (June 15, 2024), MP for the Fatah Alliance, Salem Al-Anbaki, confirmed that the new legislative term of the House of Representatives will witness a revolution to legislate laws.

Al-Anbaki told Baghdad Today that "there is a parliamentary consensus to focus the new legislative chapter to legislate important laws and stalled for political, technical or legal reasons, and we will witness a revolution to legislate a large number of laws."

He pointed out that "the Presidency of the House of Representatives directed all parliamentary committees to inventory their laws so that they are included on the schedules of the next legislative sessions and with the aim of voting on them, especially since there are approximately (140) Laws that need a vote in the House of Representatives, some of which have been suspended since previous parliamentary sessions."

Political forces are working to block important laws due to the great controversy. These laws represent as a result of being fateful reports, especially the "Oil and Gas" law and the "Federal Court".

The first legislative term of the second legislative year ended on June 10, after the term was extended from May 10.

BANK STORY FROM GINGER TELEGRAM CHAT, 16 JUNE

B S

So guys, I have a personal banking story , My sister who is awake to our event and everything I have taught her about the QFS, various currencies and Other people going to banks to just ask some questions. SO here it is. My sister lives in a small town in Vermont, She went to her Chase Bank this week to make a deposit of cash, she had an Older $50.00 bill that was not going through the Atm machine, so she went inside of the bank to deposit it directly.

Once inside she saw the Branch manager and pulled him to the side, she asked him if this Branch was going to be using the QFS system. He said he was familiar with it but did not believe his branch would be involved with it. She then asked him if they Exchange foreign currency, he said yes but we can not exchange the Dinar or the Zimbabwe Zim, He said but we will be able to exchange all others.

She then asked him if he was aware of the Upcoming RV, He said Oh yes and we are very close. She then thanked him and said she will be exchanging elsewhere because since they cannot handle all of her currencies.

She told him she will be back to see him once she has had her appointment and he was very pleased. ((This story is 100% exactly the way my sister relayed it to me of how the conversation went) MY TAKE AWAY, is that the branch she went into to was a small chase bank branch in a small town and was not prepared to be set up as a redemption center but will be able to exchange currency.

So she would have to travel a little farther away for a redemption center. My sister was excited beyond compare after her own personal conversation with her “Branch Manager In Person” I am so happy that someone I personally know and speak with every day confirmed this first hand, and I’m ecstatic that she now knows with 100% certainty that everything she listens to and what I have been telling her is the truth about all of this and how close we actually are. So, HANG ON EVERYONE. This is 100% real and the banks exchanging and redeeming know about and at the very least the branch managers are acknowledging It. We are about to come in for a landing!!!!!! “He said we are very close”