Wednesday, August 9, 2023
The New ETF with 100% Downside Protection: How It Works, 9 AUGUST
"OUR DINAR SLOGAN OF IRAQ" & BANK INTEL FROM MARKZ", 9 AUGUST
MilitiaMan (KTFA)
They’re openly telling you, ‘Our dinar is our sovereignty.’ Well exactly, so let’s get on it. Do it. Get it done. And that’s what we’re seeing…I think they’re going to be doing it quite quickly now. And I think we’re going to start watching some circumstances unfold in the very short period of time, whether that’s this week or not is to be determined but they’re openly showing that they are doing things that suggest they’re doing things today, tomorrow, the next day, next week, they’re moving forward. They’re not going to stop.
The Black market goes away as we know it once Iraq changes the exchange rate to exceed the dollar in value. imo.
[via PDK]
I have been told over and over again the NDA will be about the rate. We can tell them we exchanged dinar…we are just not allowed to tell the specific rate we were paid. That is what I was told. This makes sense.
Member comment: A banker was said to have told a customer who asked about the new offices…was told it was for currency exchanges. He was asked if he had any and he said “dong and rate will be $3 per dong” MarkZ: We had something similar happen in several different areas.
In Iraq “On top of them is Al Kazemi. Al Musawi demands that those who were involved in steal of the century be tried publically in the center of the capita l” 2 and ½ Billion dollars funneled out by government officials. They want disclosure…It’s everything to them, and they want to air all the dirty laundry. I think this is a huge step and a very healing step. They want to try these people so it never happens again…They are making certain things are safe and transparent.
"OUR DINAR": A CAMPAIGN TO RETURN THE DOLLAR EXCHANGE TO ITS NORMAL RATES", 9 AUGUST
"Our dinar". A campaign to return the dollar exchange to its normal rates
Baghdad – NAS
Specialists in financial affairs believe that the return of the dollar exchange to its normal rates needs to adopt the slogan “Our dinar”, calling at the same time for the concerted efforts of government institutions, the private sector and the media to support dealing with dinars exclusively, and to leave dollar transactions.
Financial affairs expert Suha Al-Kafaei confirmed in an interview with the official newspaper “Nas”, (August 8, 2023): “The stability of exchange rates in the local market requires participatory solutions between the citizen and the trader, as the reality of transactions needs to be converted to the Iraqi dinar instead of the dollar for all transactions without exception, and this will reduce the demand for the dollar, as the trader in dinars goes to the bank to obtain the dollar for the purpose of importing at a price of 1320 dinars against the dollar, and from here the demand for the dollar can be reduced in the parallel market.”
The private sector has flexibility in providing solutions that help stabilize exchange rates,” al-Kafai said, noting that “integration and cooperation between the private sector and the Central Bank of Iraq are needed.”
She said that “the citizen is required to refrain from buying any commodity in dollars, and here he must go to buy goods from a similar trader who sells in dinars, and thus contributes to reducing the demand for the dollar, as this mechanism leads to the tendency of all traders to deal in dinars, and contributes to the non-rise in prices, as the trader will go to the bank to obtain the dollar at a price of 1320 dinars against the dollar, to cover his imports through the approved mechanism.”
She stressed that “in this way, the two most important elements will abandon dealing in dollars, the citizen who has many and varied transactions, as the country’s population exceeded 40 million people, and merchants, who represent a large segment leading the economy, whose imports represent 95% of the local market’s need, and when transactions go to the dinar, we tend to achieve stability in exchange rates, provided that we refrain from buying any need in dollars.”
She warned that “the importance of the Ministry of Commerce raising the slogan of dealing with the dinar, and to escalate the cases of education through seminars, conferences and the media, to be dealing with the dinar exclusively, in support of the government’s measures to stabilize the exchange rates of the dollar against the dinar and at the official rate, and there can be an active role for the Department of Private Sector Development and the Department of Import and Export in the Ministry of Commerce, from here must launch a campaign to deal with dinars exclusively.”
“It is imperative that ministries and the media join efforts to move towards dealing in dinars and make dealing in dollars between the merchant and the bank exclusively for the purposes of financial imports,” she said, pointing out that “the commercial family realizes that dealing with the official exchange rate rates is more useful and profitable.”
“This mechanism will reduce dealing in the parallel market, which offers the dollar at higher prices than the official rate of 1320,<> dinars to the dollar,” al-Kafaei said.
Silwan al-Nouri, a specialist in economic affairs, stressed “the imperative that we move to deal with local dinars inside the country, adopt mechanisms agreed upon between the private sector, which offers goods and services, and the Central Bank of Iraq, and address all the challenges that prevent traders from going to the banking system to obtain dollars to cover their foreign imports.”
He pointed out that “Iraq has a large volume of transactions with various countries of the world, and there are challenges in dealing that need a serious pause to address them through continuous meetings that bring together the concerned parties, to create a policy of dealing that regulates the reality of the local market, and maintains its stability, and the dinar is for internal transactions, and the dollar for foreign transactions and from its official sources, and not to go to the parallel market to obtain the dollar.”
"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 9 AUGUST
Frank26 (KTFA)
[Iraq boots-on-the-ground report]
FIREFLY: We hear on TV that the budget is active now since the instructions have been given.
FRANK: Your budget is active. Your budget is open. The problem is there are issues…amendments…appeals being put on the budget right now. Once those are removed you will have more of your presents open on this Christmas Day.
FIREFLY: Went to bank friend. He says in his opinion we’re going to see another official change down from 1320 to closer to 1100 or 1000 and I heard through the rumor mill that this next step, rate change, is needed.
FRANK: …Was this not the exact numbers we told you months ago that there would be a 3rd exchange rate somewhere between 1200 10 1000…this will make it so much easier to lift the 3-zeros because IMO the IQD is next in line..
BRIEF BIG CALL NOTES, (SPANISH & ENGLISH), 9 AUGUST
BREVES BIG CALL NOTES PARA EL MARTES 8 DE AGOSTO DE 2023
SOLO INTELIGENCIA
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