Iraqi Dinar🔥Finally Got Way Of Revaluation🔥IQD Holders🔥iraqi dinar news🔥...

"RV UPDATE" BY MILITIAMAN, 2 NOV

  Militia Man  

 Article quote:   "There are negotiations with the Iranian side to create a platform for new currencies other than the dollar to secure Inter-trade between the two countries.  It's called Visa Direct.  It's a new banking service launched by one of the most important digital banks in the country under the supervision of the Central Bank and in cooperation with Visa International...this will help in the collapse of the black market prices..."  Kinda big right?  International...That's their goal, get rid of the black market and I think the corrupt see their cash cow is about ready to go bye-bye.

  If they do in fact get the oil and gas law done they're going to need an evaluation for that . They're going to need to know what to pay the wealth of the citizens a fair distribution.

 Article quote:  "There are no sanctions imposed on Iraq by the US Treasury but sometimes there is a tightening of standards..."  They say it twice today in different articles that there are no sanctions imposed on Iraq.  If that's the case and the US Treasury gives the green light then, wow, we really have nothing holding us back...

Iraq Stock Exchange: A Beacon of Economic Resilience and Growth, 2 NOV

Iraq Stock Exchange: A Beacon of Economic Resilience and Growth

In the last week of October, the Iraq Stock Exchange (ISX) was a whirlwind of activity. The exchange, which is home to 103 public companies bearing the economic hopes of Iraq, saw equities valued at over six billion dinars changing hands. Investors engaged in 3,297 transactions, trading more than five billion equities, and the ISX60 index closed at a promising 820.06.

The Pulse of Iraq’s Economy

The activity in the ISX serves as a barometer of Iraq’s economic health. The robust trading and the upward trend of the ISX60 index are harbingers of stability and growth in Iraq’s economy and a beacon for both local and global investors. The stock market’s pulse is beating steadily, suggesting a level of investor confidence that could stimulate further economic growth.

The Role of Central Depository and Electronic Trading Systems

In 2009, the ISX underwent a significant transformation with the installation of Central Depository and Electronic Trading Systems. These technological advancements have streamlined the process of buying and selling stocks, enhancing market liquidity and efficiency. Beyond easing transactional friction, these systems have bolstered market transparency and curtailed the risk of fraudulent practices, making the ISX an even more enticing prospect for investors.

Diversification: The Key to Investor Attraction

The ISX’s portfolio of 103 public companies mirrors the diverse economic fabric of Iraq. Ranging from banking and telecommunications to industry and services, these companies provide a plethora of investment opportunities. This diversity mitigates investment risks, allowing investors to build a balanced portfolio and offering a safeguard against sector-specific downturns.

Currency Stability: A Balancing Act

The recent strengthening of the US Dollar against the Iraqi dinar in Baghdad markets testifies to the overall stability of the currency – a positive sign for the Iraqi economy. It signals confidence in the country’s financial system and a perceived stability that may attract more foreign investment. However, the slight depreciation of the US Dollar in Erbil hints at the existence of regional variations in Iraq’s currency market, potentially influenced by different economic factors and market dynamics in the two cities.

For both domestic and international investors, currency stability is paramount. It mitigates the risks of inflation and currency depreciation, rendering Iraqi dinars a more attractive asset. Moreover, it offers businesses a stable economic environment and reassures foreign investors about the value of their investments.

Overall, the recent flurry of activity in the ISX, coupled with the stability of the US Dollar against the Iraqi dinar, paints a picture of a resilient Iraqi economy finding its footing. The role of Central Depository and Electronic Trading Systems in enhancing the efficiency and transparency of the ISX, the diverse range of listed public companies, and the stability of the currency are collective indicators of a robust financial system. These factors make Iraq an intriguing and potentially rewarding terrain for investors, both home and abroad.

https://bnn.network/finance-nav/iraq-stock-exchange-a-beacon-of-economic-resilience-and-growth/

Iraqi Dinar’s Dance with the US Dollar: An Economic Ballet of Uncertainty, 2 NOV

Iraqi Dinar’s Dance with the US Dollar: An Economic Ballet of Uncertainty

Like a ship caught in a storm, the Iraqi dinar is bucking and heaving against the swell of the US dollar. The turmoil is not due to a single tempest but rather the confluence of several disturbances – an ongoing Gaza conflict, a political environment ripe with uncertainty, and unchecked trade with sanctioned countries. Against this backdrop, the dollar prices have ebbed slightly in Baghdad and Erbil, yet, the stability of the exchange rate remains in question.

The Forces at Play

Economic specialists weigh in on this complex scenario. Mahmoud Dagher, an authority on the matter, points to the above factors as potential storms brewing for the dollar. Similarly, researcher Halim Salman emphasizes the role of uncontrolled trade with sanctioned countries in the haphazard dance of the exchange rate. On the political front, Parliamentary representative Nayef Al-Shammari voices a concern that echoes in the hearts of many Iraqis – the impact of the climbing dollar exchange rate on ordinary citizens.

Intervening for Stability

The Central Bank of Iraq, like a captain trying to steady a ship amidst the gale, is working to bolster its dollar reserves. Collaborating with the US Federal Reserve, it aims to ensure the safety of the country’s financial journey. The parliamentary finance committee endorses this move while highlighting that both domestic and international winds are responsible for the fluctuating dollar exchange rate. It calls upon the citizenry to stand with the central bank’s policies and confront internal speculators and brokers. The committee is also proposing solutions to navigate the crisis and safeguard the strength of the Iraqi dinar and the nation’s hard currency reserves.

Global Currents

Zooming out, the US dollar appears to be losing ground against most currencies. Anticipating that the Federal Reserve may have reached the zenith of its rate hikes, investors are shifting their bearings. The fallout of Fed Chair Jerome Powell’s remarks post the two-day policy meeting seems to affirm this, indicating balanced risks for further rate amplifications. Consequently, the dollar index, a measure of the greenback against six other major currencies, has dwindled. Meanwhile, the pound is holding strong, reflecting the Bank of England’s decision to keep rates at a 15-year high and eschewing rate cuts in the foreseeable future.

In sum, the struggle of the Iraqi dinar against the US dollar is a dance choreographed by intricate domestic and global factors. The ongoing Gaza conflict and unregulated trade with sanctioned countries contribute to the shaky rhythm. The Central Bank of Iraq is striding towards increasing its dollar reserves in partnership with the US Federal Reserve. In the grander scheme, the US dollar is losing its footing against most currencies, while the pound remains steadfast. The dance continues, with each step impacting Iraq’s economic stability and the livelihood of its citizens.

https://bnn.network/breaking-news/economy/iraqi-dinars-dance-with-the-us-dollar-an-economic-ballet-of-uncertainty/

Iqd Iraq mater card and visa BY NADER FROM MID EAST

"RV UPDATE" BY MARKZ, 2 NOV

  MarkZ 

 [via PDK]   Comment:  I heard Iraq is applying to the WTO today [11-1-23].  Presumably meeting over the next 3 days.   MarkZ:  They have already applied…they have already been approved for ascension…but, it hasn’t happened…so these 3 days of meetings are very important.  Question:  Don’t they have to change the rate before Iraq joins the WTO?  MarkZ:  That’s what everyone says. This is assumed by almost everybody that Iraq will need to change their rate before they join the World Trade Organization...

 I finally got some chatter from Iraqi contacts today and they did say that things went very well over the weekend (WTO meetings?) and  they expect an announcement in the coming days. I got this from a number of sources- both internationally and domestic.

I have not heard from Iraqi sources in the sandbox yet today…. I know they had high anticipation for the 1st...Comment:  I think it will happen in January.   MarkZ:  I feel it will be much sooner…so much happening...now and all at one time.

Parliamentarian: We Need More Time To Pass The Oil And Gas Law, 2 NOV

 Parliamentarian: We Need More Time To Pass The Oil And Gas Law

Information / Baghdad..  Kurdistan Democratic Party MP Sharif Suleiman confirmed on Thursday that Parliament will need a lot of time and discussions to mature the oil and gas law in a way that serves all governorates and is consistent with the constitution.

Follow the “Al-Ma’louma” channel on Telegram.. News that does not require documentation..

Suleiman told Al-Maalouma, “Resolving the oil and gas law is not limited only between the center and the region, but rather it concerns Iraq in general, as the region hopes to speed up the approval of this important law for everyone.”

He added, "The oil and gas law must be enacted in accordance with the constitution and the entitlements of each governorate, without any violation of the applicable law and constitution, in order to guarantee the entitlement of each governorate with regard to natural resources."

He stated that "the aforementioned law, due to its great importance, will witness many discussions and sufficient time within Parliament in order to mature the law in a way that serves everyone, before proceeding with its legislation, especially since the political document has confirmed the legislation of this law." LINK