Iraqi Dinar in Forex | High Exchange Rate Expectations in Forex | HOT NEWS

Al-Sudani: Iraq hopes to join the BRICS group, 12 OCT

Al-Sudani: Iraq hopes to join the BRICS group, 12 OCT

On Wednesday, Prime Minister Muhammad Shiaa Al-Sudani expressed Iraq’s readiness to join the BRICS group if invited by the founding countries.

During a dialogue session with representatives of the Iraqi community in Moscow, Al-Sudani stated that Iraq is willing to join the BRICS group if it receives an invitation from the founding countries, according to a statement made to the Russia Today channel.

Al-Sudani stated that Iraq knows the conditions and specifications required to join the group.

During their meeting, Al-Sudani and Russian President Vladimir Putin discussed using the Iraqi dinar and Russian ruble in commercial transactions between the two countries.

He expressed gratitude for Russia’s principled stance on Palestine and extensively discussed the matter with Putin out of concern for civilians. 

Al-Sudani has announced that Iraq is considering establishing an Iraqi cultural center in Moscow, Russia. This initiative is based on the strong historical ties between the two nations, which will reach their eightieth anniversary next year since the inception of diplomatic relations between Moscow and Baghdad.

Economic praise for Iraq and Russia’s agreement to deal in dinars and rubles: a masterstroke, 12 OCT

 Economic praise for Iraq and Russia’s agreement to deal in dinars and rubles: a masterstroke, 12 OCT

On Thursday, Bassem Anton, an economic expert, stated that the recent agreement between Iraq and Russia to conduct transactions using their local currencies – dinar and ruble – will lead to the opening of new doors for other countries to trade in local currencies. This will result in a decrease in the demand for the dollar. Anton described the agreement as a “masterstroke”.

Anton stated that raising the issue of transactions between Iraq and the Russian Federation at a high level of discussion played a key role in reaching an agreement with the Russian side to conduct business transactions in the local currencies of ruble and dinar. This is especially important as the volume of Russian investments in Iraq amounts to around 19 billion annually, making it a significant amount.

He said, “As per the agreement, Iraq will establish new avenues of cooperation with significant nations and will conduct transactions in local currency. This will lead to a decrease in the demand for the dollar and result in a rise in the value of Iraqi dinar against the dollar.”

Antoun stated that one of the key measures for the current and future governments is to boost the agricultural and industrial sectors to achieve self-sufficiency. This would reduce the need for purchasing agricultural and industrial products from other countries using the dollar. Ultimately, this will help the country to move away from being dependent on the sale of oil and transition towards a more diversified economy.

On Wednesday, Prime Minister Muhammad Shiaa Al-Sudani announced the government’s interest in investing in gas due to its lack of attention since the discovery of oil.

Prime Minister Muhammad Shiaa Al-Sudani wrapped up his visit to Moscow, Russia, which took place on Tuesday.

"ANALAZYING THE ARTICLE : " BRICS: What Iraq's Cash Ban Means for the Global Status of USD" BY SANDY INGRAM, 12 OCT

 Sandy Ingram

 On the topic of Iraq's depolarization plan starting in January 2024... Article:  "BRICS:  What Iraq's Cash Ban Means for the Global Status of USD" 

 The BRICS people...are trying to say Iraq is abandoning the US dollar in favor of the BRICS' agenda.  WRONG...Iraq has over $100 billion US dollars in a New York Federal Reserve Bank and they understand the consequences of crossing over their own wealth.

   This money move by Iraq is to put an end to Iran wrapping itself around Iraq's finances...

to control corruption and the illegal flow of money so they can get International investments. 

 This money move by Iraq is to show favoritism to their own currency and their own government. 

 Anytime the young girls decide to date or marry a man who has lots of US dollars rather than Iraqi dinars, then it is time to readjust the thought process.  Make no doubt about it, this money move will help strengthen the Iraqi dinar and hopefully the value of the IQD against the USD. 

"KURDISTAN BOOTS ON THE GROUND REPORT" BY SUPERGIRL, 12 OCT

 Frank26

   [Kurdistan boots-on-the-ground report]

SUPERGIRL:  Yes, I'm waiting to go back in...I'm sorry I'm just overly excited...I went to the ATM 30 minutes ago to get cash, I went into the grocery store to ask them if they own the ATM.  He said no. 

 I said I tried getting USD out and it won't let me.  He said it no longer will give you USD.  I said why?

  He said because the currency rate just went up.  When did that happen?  Two days ago.  I said are you serious.  He said yes. 

I got some things for the week and it came out to $80 but he cannot accept USD so it's going to be more...I said how much more?  He said a lot more.  He told me $100 USD is probably $180.  

FRANK:  These changes are occurring internally.  They're not advertising it.  Forex wants to get a hold of this but the CBI is not allowing it just yet.  They are still cleaning the terrorist activities...You try to get American dollars and they say no...

They tell you to wait because the value is about to go up not of the American dollar but of the Iraqi dinar.  

SUPERGIRL:  Yes.  He said it happened two days ago here in country. 

Evening News with MarkZ 10/12/2023

"STATUS OF THE RV" BY MNT GOAT, 12 OCT

 More news….

ECONOMIC PRAISES FOR IRAQ, RUSSIA AGREE TO DEAL IN DINARS AND RUBLES: A MASTERSTROKE

(This is why Al-Sudani went to Russia to meet with Putin. Get it now? Yes, its all about the Dinar and de-dollarization.)

Information / Baghdad

Prime Minister Muhammad Shiaa Al-Sudani concluded a visit to the Russian capital, Moscow, which he visited the day before yesterday, Tuesday.

The economist Bassem Anton, Thursday, the Iraqi-Russian agreement in transactions between the two countries in the local currency dinar and ruble will open new doors with other countries to deal in local currencies, which will reduce demand for the dollar, describing the agreement as a “masterstroke.”

Anton said in a statement to Al-Maalouma that “raising the issue of dealing between Iraq and the Russian Federation at the level of the two highest personalities had a role in the agreement with the Russian side to conduct transactions between the two countries in the local currencies ruble and dinar, especially that the volume of Russian annual investments in Iraq amounted to 19 ten billion annually, and this is a very large number.”

More news….

STATE OF LAW REVEALS A PLAN TO REDUCE THE PRICE OF THE DOLLAR

The State of Law coalition revealed a new government project related to trade exchange between Iraq and three countries, while clarifying America’s position on that, and its impact on the dollar.

The leader of the coalition, Jassim Muhammad, said in a press interview, “There is a new government project to adopt currencies other than the dollar to deal with several countries, including China, Iran, and Russia, ” stressing that “this project, if implemented correctly, will work to reduce the demand for the dollar in Iraqi markets.”

He added, “The project to create a currency for exchange between Iraq and these countries will greatly affect the dollar and will lead to a decline in its prices,” stressing that “the current rise in dollar exchange rates in Iraq will not be able to be reduced by any party, whether the central bank or others, as long as the demand for it is high.” .

More news….

IRAQI DINAR BREATHES A SIGH OF RELIEF AFTER A NOTICEABLE DECLINE AGAINST THE DOLLAR IN BAGHDAD MARKETS

Baghdad Today – Baghdad

Today, Thursday (October 12, 2023), dollar prices recorded a significant decline in the local markets in the capital, Baghdad.

The “Baghdad Today” correspondent said, selling prices in money exchange shops in the capital, Baghdad, amounted to 161,500 Iraqi dinars for every 100 US dollars, while purchasing prices recorded 159,500 Iraqi dinars for every 100 US dollars.”

Yesterday, Wednesday (October 11, 2023), the selling price of the dollar in banking offices in the capital, Baghdad, reached 163,000 dinars for every 100 dollars.

Private banks are accused of taking over the largest part of the currency selling window, especially for the cash dollar, which has become extremely difficult for travelers to obtain, which forces them to buy the dollar from the parallel market, while the travelers’ share of the dollar in these banks goes for the purpose of speculation.

(But where does the parallel market get the dinar to sell at a higher rate? This is at the heart of what the CBI needs to fix. They shut down the street exchangers already. People must go to the bank to get dollars but only under legal circumstances. Unfortunately they are still lying and illegally obtaining dollars as long as the parallel market rate is higher than the CBI official rate.) 

STATUS OF THE RV

In one of the articles from this period of today’s news, Advisor to the Prime Minister for Investment Affairs, Muhammad Al-Najjar,  on Wednesday explained that what is happening in this transformation and this process of currency reform is that we are trying to return everything to the global system, which all Iraqi governments were late in this action, and some of them completely ignored the requests directed, (yes, they shunned Dr Shababi in 2011-2013 for his efforts) and these requests are correct in reality. Okay so this recent statement by Al-Najjar backs up what I just told you in my last Newsletter about Dr Shabibi and his comments on the process being delayed and the ill effects of it.

Al-Najjar also pointed out that what we were supposed to do in six years, we are trying to accomplish in one year, and this greatly affected the exchange rate of the dollar, adding that the second thing that happened was the presence of major corruption within a group of banks and banking companies, which led to smuggle dollars. (This shows us the current urgency of getting the process completed and confirms that this is the year they want to complete the currency reform. They are saying the process is set up to take 6 years but they are trying to do it in 1 year. Get it?)

Then in another of the articles from today, Al-Shabki added and I quote from the article: “It appears that there are efforts being made to attack these measures by some parties, exchange companies, and banks, with the aim of increasing pressure on the Central Bank and its governor, by trying to postpone the implementation of these measures.” It is expected that there will be an increase in these pressures in the future, including increased pressure on the government to prevent unification of the exchange rate and control the parallel market price.

He then concluded by saying: “We hope that the Central Bank will remain steadfast and independent, stand against pressure and rumors, and continue to implement international standards and prudent measures that will improve and stabilize Iraq’s economy and exchange rate.”

(So, you can see there are elements that do not want the currency reform to be completed since the goose with the golden eggs will end. I assure you it will end and end soon! This corruption will not continue.)

In today’s news we also find out that the Parliamentary Finance Committee member Moeen Al-Kazemi told Baghdad Al-Youm will move to investigate the issue of the Jordan National Bank’s acquisition of 70% of the currency selling window, and we will work to host officials at the Central Bank in order to follow up on this file and what is going on here. Al-Kadhimi stated and I quote from the article:  “The government and the Central Bank are still working to launch reform packages in order to control the rise in dollar prices and end the difference in the dollar exchange rate in the parallel market, and the coming days may witness the launch of new reform packages.”

Then on Wednesday, the State of Law Coalition revealed a new government project related to trade exchange between Iraq and three countries to adopt currencies other than the dollar to deal with several countries, including China, Iran and Russia, stressing that this project should work to reduce the demand for dollars in the Iraqi markets. So, this was their big announcement this week for reform package to control the rise in the dollar prices.

So, in conclusion of today’s news, I just wanted to point out to you what is going on in Iraq without any rumors but VERIFIED and FACTUAL information. This is where we are right now in this RV process. No! We will absolutely, positively, without a shadow of a doubt in my mind, will not see the reinstatement prior to early January and January 2024 at the earliest.

-Can we maybe see the in-country RV soon, as part of the process of conversion to the newer lower denominations? :

Yes! This is possible and it may occur around December according to my source in the CBI.

-Will the bombing in Israel effect the currency reform process? :

Yes! It will affect the process as caution to any fallout in Iraq must be taken. It may destabilize the region and Iraq included. Remember Iraq needs a level of STABILITY and SECURITY to complete the reforms. The terrorist organization itself has mentioned Iraq in particular and wants to destabilize the region of the middle east once again. These are wicked evil people who want to destroy any hope in the people of the region and the west. They have clos ties to Iran and more than likely used weapons purchased from the 6 billion dollars just released to Iran. Amas and Palestine ties to weapon stashes left in Afghanistan too are now under investigation. The truth will come out and the prophets tell us there are ties too to what is going on in the Ukraine to this Israeli bombing on Saturday. I can say what these ties are but it will all come out and be exposed.

Remember that our prophets are telling us that this period beginning with the new Hebrew year starting in mid-September would be turbulent, in fact the most turbulent yet up until December and early January. As we pass into the new year we will slowly see things turn around in all aspects. These prophetic words also give me hope that the reinstatement of the Iraqi dinar is part of this turn around. Remember what the prophets told us that when the going get really bad, turn to God and not FEAR. Fear is evil and satanic and makes you do things that you would not normally want to do. Later you normally regret it. We must keep praying now more than ever. I can not over emphasize this.

Remember I know much more of what is going on behind the scenes that I am not telling you and can’t tell you. I know this reinstatement process has to continue to the end and is going to move quickly now and has to move now that of the Israeli bombings. How can I prove this to you?

The two articles in particular that I explained parts of in my above opening dialogue paragraphs explains it all and what I have been telling you all along. It finally all comes out in black and white. 😊 So there is your proof! So, Mnt Goat is not full of shit and it real and does know the situation happening in Iraq. I don’t need to lie to you or make things up to “sell news” as bullshit.

The Israeli bombings will be retaliated by Israel and it will be swift. Already they have rounded up the perpetrators in country. They are planning a massive evasion of Gaza and the prime minister has told the people the army will end this terrorism once and for all this time. What does this mean? Please listen to part of the Elijah Streams presentation by prophet Robin Bullock on Monday 10/9 in the below link. I believe this explains it and so we just have to sit tight now and pray and wait.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/