Wednesday, October 11, 2023
Evening News with MarkZ 10/11/2023
Al-Sudani from Moscow: we are ready to resume oil exports via Ceyhan, 11 OCT
Al-Sudani from Moscow: we are ready to resume oil exports via Ceyhan
In a speech he delivered during the Russian Energy Week forum in the presence of President Vladimir Putin, al-Sudani explained that exports through this route were halted due to a decision by the International Arbitration Court in Paris and the seismic-related repercussions.
He noted that the pipeline is currently undergoing inspections and technical assessments by the Turkish side .
He added that Turkey recently sent notice that the pipeline is ready for resumption, and that the Iraqi federal oil ministry is in discussions with oil companies operating in the region.
They are also in communication with the Ministry of Natural Resources in the Kurdistan Region to reach a mutual agreement for the resumption of oil exports through this pipeline in accordance with OPEC Plus agreement.
https://shafaq.com/en/Economy/Al-Sudani-from-Moscow-we-are-ready-to-resume-oil-exports-via-Ceyhan
Zimbabwe Introduces New Digital Currency, 11 OCT
Zimbabwe Introduces New Digital Currency - allAfrica.com (10/10/23)
Zimbabwe launched a new gold-backed digital currency in an effort to halt re-dollarization, which the administration of President Emmerson Mnangagwa worries could destroy the country's already .
The digital tokens, also known as Zimbabwe Gold (ZiG), which are primarily measured in milligrams, can be used for transactions by both private individuals and businesses, according to the nation's C. In addition to being priced in U.S. dollars and local currency, they can be purchased via banks in ZiG, while bank customers can make purchases with ZiG accounts through POS (point-of-sale) systems or online payments.
Zimbabwe introduced in July 2022 to be used in peer-to-peer and peer-to-business transactions, as well as serve as a store of value as the local currency continued to depreciate against major currencies.
Physical gold coin owners can swap or convert their coins into digital tokens that are backed by gold through the banking system.
After a decade of dollarization that followed record-breaking hyperinflation under former leader Robert Mugabe, Zimbabwe reinstated its own currency in 2019. The Zimbabwean dollar, however, rapidly against foreign currencies. This week it was trading at a rate of ZWL$5,252 to $1, and on the black market, one dollar can now be bought for ZWL$10,000.
To defend the at the height of the Covid-19 pandemic, the government instituted a multi-currency system. Today, authorities estimate that US dollars account for 80% of economic transactions.
Zimbabwe's top export product is gold. The nation produced 35.2 metric tonnes last year and in 2023, according to the administration, it aims to produce 40 metric tonnes in an effort to boost mining sector income and revive the flagging economy. The majority of the the country's gold, according to watchdogs, is sold through . A documentary by Al Jazeera how members of the southern African country's political elite smuggled the gold to refineries in Dubai.
The Reserve Bank of Zimbabwe denied having any connections to the smugglers after that the smugglers used the Central Bank to launder money through its gold buying activities.
Soaring inflation is piling pressure on President Emmerson Mnangagwa in a country that still remembers the economic chaos under Mugabe's almost four decades of rule. Hyperinflation forced the country to abandon the Zimbabwe dollar in 2009, and it opted instead to use foreign currencies, mainly the U.S. dollar.
"RV UPDATE" BY FRANK26, 11 OCT
Frank26
Alaq and Sudani are removing all foreign currency from your [Iraqi citizens'] country because they are protecting you and your national currency from any foreign terrorism.
They are using all mechanisms...These mechanisms come from the CBI. They were structured by the monetary reform under Dr. Shabbibi. One of the last final things is to remove all foreign currency so you only have your currency in your country.
I think when the United Nations meeting occurred with Sudani a lot of things were accomplished and a lot of things moved forward faster than we expected.Breaking News: The Explosive Surge of the Iraqi Dinar (IQD) in FOREX, 11 OCT
Breaking News: The Explosive Surge of the Iraqi Dinar (IQD) in FOREX – Revealing the New Rate and Unleashing the Power of Iraq’s Currency
In the high-stakes world of Forex trading, fortunes are made and lost in the blink of an eye. But there’s one currency that’s been flying under the radar, waiting for its moment to explode onto the scene – the Iraqi Dinar (IQD). Today, we unveil the secrets and shed light on the enigmatic IQD, a currency that’s poised to redefine the game.
Brace yourselves for a rollercoaster ride as we dig deep into the hottest Forex topic of the year!
The Forex market, the world’s largest and most liquid financial market, is a battleground where traders strive to seize every advantage. Amidst the relentless chaos, the Iraqi Dinar (IQD) has been a subject of intrigue, overshadowed by the giants of Forex. But recent developments are set to change the game entirely.
IQD’s Explosive Surge: A Game Changer
Imagine, for a moment, a currency that has languished in the shadows for years, only to suddenly emerge as the dark horse of Forex trading. The IQD has quietly plotted its resurgence, and now it’s ready to roar. The burning question on every trader’s mind is,
“What’s the new rate of the IQD in Forex?”
“What’s the new rate of the IQD in Forex?”
Unmasking the IQD: The Hidden Potential
For years, the Iraqi Dinar has been an enigmatic currency, with its fate seemingly tied to the turbulence of Iraq’s political and economic landscape. But beneath the surface lies a potential goldmine that few have dared to explore. Let’s dive deep into the heart of this remarkable currency and uncover the untold story of its rise.
The Perfect Storm: Factors Fueling IQD’s Rise
The Forex market is a complex ecosystem influenced by countless factors. In the case of the IQD, several converging forces are driving its meteoric ascent.
1. Geopolitical Stability
Iraq, once synonymous with turmoil, is now making strides towards stability. The country has emerged from the shadows of conflict, and its government is actively pursuing economic reforms. This newfound stability is a beacon of hope for the IQD.
Iraq, once synonymous with turmoil, is now making strides towards stability. The country has emerged from the shadows of conflict, and its government is actively pursuing economic reforms. This newfound stability is a beacon of hope for the IQD.
2. Oil Reserves and Economic Potential
Iraq boasts one of the world’s largest oil reserves. As global demand for energy continues to rise, I
raq’s oil wealth becomes a key driver for its economic growth. The IQD stands to benefit immensely from this potential economic boom. »»» The future of alternate energy in a BREAKTHROUGH DISCOVERY. Helps You Save Up to 70% On Your Power Bill THIS POINT FORWARD
Iraq boasts one of the world’s largest oil reserves. As global demand for energy continues to rise, I raq’s oil wealth becomes a key driver for its economic growth. The IQD stands to benefit immensely from this potential economic boom. »»» The future of alternate energy in a BREAKTHROUGH DISCOVERY. Helps You Save Up to 70% On Your Power Bill THIS POINT FORWARD
3. Currency Speculation
Smart money is flowing into the IQD, as astute traders recognize its potential for exponential gains. The currency’s undervaluation for years has created a tantalizing opportunity for those who dare to speculate.
4. Market Sentiment and Technological Advances
In the age of social media and real-time information dissemination, market sentiment plays a pivotal role in Forex trading. The IQD’s recent buzz on social platforms has ignited a frenzy, propelling its value to unprecedented heights.
IQD Trading Strategies: Seizing the Opportunity
In a market as competitive as Forex, success hinges on a well-crafted strategy. To make the most of the IQD’s explosive surge, traders need to be armed with the right tactics.
1. Fundamental Analysis
Delve into Iraq’s economic indicators, political stability, and oil market dynamics. Understand the forces that drive the IQD’s value and make informed trading decisions.
Delve into Iraq’s economic indicators, political stability, and oil market dynamics. Understand the forces that drive the IQD’s value and make informed trading decisions.
2. Technical Analysis
Leverage technical indicators, charts, and patterns to time your trades effectively. The IQD’s recent price movements present a treasure trove of data for astute technical analysts.
Leverage technical indicators, charts, and patterns to time your trades effectively. The IQD’s recent price movements present a treasure trove of data for astute technical analysts.
3. Risk Management
As with any high-reward endeavor, Forex trading carries inherent risks. Employ sound risk management practices to protect your capital and maximize your profits.
As with any high-reward endeavor, Forex trading carries inherent risks. Employ sound risk management practices to protect your capital and maximize your profits.
4. Stay Informed
In the fast-paced world of Forex, staying ahead of the curve is crucial. Keep a keen eye on geopolitical events, economic releases, and market sentiment to adapt your strategy accordingly.
In the fast-paced world of Forex, staying ahead of the curve is crucial. Keep a keen eye on geopolitical events, economic releases, and market sentiment to adapt your strategy accordingly.
The Verdict: Is the IQD a Golden Opportunity?
The explosive surge of the Iraqi Dinar in Forex is undeniable. However, it’s essential to approach this opportunity with caution. The Forex market is notorious for its volatility, and the IQD’s ascent may not be without its share of bumps along the way.
That said, the IQD represents a unique chance for traders to ride the wave of Iraq’s economic resurgence. With careful planning, strategic execution, and an appetite for calculated risk, the IQD may indeed be a golden opportunity waiting to be seized.
As the Forex world watches in awe, the Iraqi Dinar has staged a remarkable comeback. It’s a story of resilience, potential, and untapped opportunity. The new rate of the IQD in Forex is the hottest topic in trading circles today, and it’s a testament to the power of the Forex market to unearth hidden gems.
But remember, in the world of Forex, fortune favors the bold and the well-prepared. As you contemplate your next move, keep a close eye on the IQD, for it may just be the currency that defines your trading journey. The game has changed, and the IQD is leading the charge. Are you ready to join the ranks of those who see beyond the surface and seize the future?
Stay tuned, fellow traders, for the IQD’s journey is just beginning, and the Forex landscape may never be the same again. As the saying goes, “Fortune favors the brave.” Will you be one of them?
So, there you have it – the explosive saga of the IQD’s surge in Forex. Buckle up, traders, for this ride promises to be a thrilling one. As the world watches and waits, you have the power to make history in the ever-evolving world of Forex trading. The IQD beckons, and the future is in your hands.
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...