Pimpy is live 11/13/23 BY PIMPY

"RV UPDATE" BY MILITIAMAN, 13 NOV

 Militia Man  

Salaries, oil and gas, what do they need?  Salaries need an exchange rate.  Oil and gas need an exchange rate.  2023, 24, 25 budget need an exchange rate.  All the contracts for housing need an adjustment to the exchange rate to be able to finish those things...It's fairly cut and dry...what are they looking for?  They're looking for the exchange rate...It hasn't all happened yet.  Why?  Because it's obvious now.  We're waiting them four in on that pinpoint.  What is it?  There's only one item I think is left to do...

 Article quote:   "The CBI, the federal Reserve signed deals to ease Forex transfers from Iraq after intensive meetings in the UAE..." ...Key in on this one key word - Ease...They say the process is poised to kick off in the coming days.  They're in process of working to doing trade in globally acceptable international currencies ... Phenomenal stuff.

Iraq's assistance for ascension is a key indicator especially when they're talking about post ascension.  That is powerful because if they're talking about post ascension it gives you the heads up that the game's on - They're ready to finish it...

At the moment we're at 1310.  If you drop 3 zeros you have a number...The dinar at 1000...drop the 3 zeros, what are you at?  You're at 1 to 1.  That's the project to delete the zeros off the exchange rate.  Not the currency.  The exchange rate.

 The second workshop the UNCTAD will put on through 11-14 November 2023.   It is for Iraq's on going preparation for WTO accession... They are in it to the end now. They are in a place where they can have accession at anytime that the check boxes are checked...They are not waiting on any distant time frame. It is all a part of the process that they have to go through and the completion stage they are in...Just note, post assistance for Iraq and for after accession is a key indicator that they are in the completion phase.. 

Article quote:  "It's not possible to import the dollar and secure in the local market without registering the dinar in the basket of Arab and international currencies."  Bing!  Wow, what did they just say? ...That's like going back to where they were in the past, that 'previous era'...

A New Step May Fluctuate The Dollar Exchange Rates.. What Do Economists Think?, 13 NOV

 A New Step May Fluctuate The Dollar Exchange Rates.. What Do Economists Think?

 Posted 12 seconds ago    News source /newsroom  News source/ newsroom  Today, Sunday, the economic expert, Abdul Rahman Al-Mashhadani, explained the impact of the approval to enhance the dollar balance of 10 banks on exchange rates in local Iraqi markets, while explaining the repercussions of the decision.    

Al-Mashhadani said, in an interview with the Maalouma Agency, that  “visiting the balance of ten banks in dollars will be one of the factors that will reduce the pressure on the dinar.”

Because a portion of the financial transfers that pass through the electronic platform are rejected for some reason or without,” indicating that

“the past few days have witnessed the rejection of 80% of external transfers.”

 He added,   “The pressure will be eased on the dinar as well; Because the transfer transactions, or the transferees, instead of being audited by the US Federal Bank, will be audited by JP Morgan,” pointing out that “the latter’s scrutiny is more severe than the Federal Reserve Bank.” 

The economic expert explained,   “These banks have relationships, as partners, with international banks such as Al-Qantar National, Capital Bank, and the Kuwait Finance Bank, in addition to the Kuwait National,” noting that

“it is true that these banks are Iraqi, but the entry of the founding partners of these international banks, organized “To them.”  Al-Mashhadani stated,

 “The transfer mechanism will pass without the Central Bank of Iraq, especially after transfers were delayed by 8-20 days.

However, using this method, it is possible to pass financial transfers within a day or two.”

Earlier today, a government source revealed an Iraqi-American agreement to enhance the balance of 10 banks in dollars in light of the recent meetings of the Central Bank with the American side, five of which were through Citibank, and the other five through JP Morgan.

During the current period, the exchange rates of the dollar in the local markets are witnessing a significant increase, as the exchange rate of 100 dollars reached more than 164 thousand dinars, in light of large sales to the Central Bank of Iraq, on a daily basis.    https://iraqakhbar.com/4105470

Iraqi Dinar Strengthens Against US Dollar: Nears Exchange Rate of 81, 13 NOV

 Iraqi Dinar Strengthens Against US Dollar: Nears Exchange Rate of 81, 13 NOV

In a recent turn of events, the exchange rate of the Iraqi Dinar to the US Dollar is inching close to 81. This development marks a significant shift in the currency dynamics of one of the most oil-rich countries in the Middle East.

Currency Exchange: A Balancing Act

As the value of the Iraqi Dinar strengthens, the government is seen to be taking an active role in managing the exchange rate to stabilize the country’s economy. It’s a delicate act that requires a thorough grasp of global market trends and an understanding of the significant role currencies play in shaping a nation’s economic future.

Global Currency Market: A Constant Flux

The world of currency exchange is a complex ecosystem where rates fluctuate based on various global factors. The rising exchange rate of the Iraqi Dinar to the US Dollar is a testament to this flux. It’s not just about the Dinar and the Dollar. The Euro, too, is mentioned in the narrative, underscoring the interconnectedness of global currencies.

Interactive Platform: Engaging Stakeholders

The narrative also points towards the use of an interactive platform, urging individuals to comment, log in, and utilize various services. This feature is indicative of the growing trend towards digitization in financial services, fostering greater participation and transparency.

https://bnn.network/world/iraq/iraqi-dinar-strengthens-against-us-dollar-nears-exchange-rate-of-81/

Vietnam Dong update for 11/12/23 investors in and out BY PIMPY

"RV UPDATE" BY PIMPY, 13 NOV

 Pimpy 

 The news continues to get better and better.  Article:  "JP Morgan strengthens 5 Iraqi Banks"   Another article with really good news...It's exciting to hear this news.  I'm not going to get overly hyped.  I'm going to stay grounded but it is looking very very good. 

 We all agree that it appears Iraq is headed in the right direction.  That's always a good sign.

Articles that we spoke about pertaining to  the importing of foreign currencies is a great thing for Iraq but they need more than just that to move forward with increasing the Iraqi dinar.  Now, having said that, that is a great huge first step.  That isn't a small thing.  That's big.  The other things are making sure your government and economy are stable.   That is something within their grasp if they could just work together. 

 I believe the dinar is going to go up in value in such a way that it's going to create a bunch of millionaires.

Understanding the USD/IQD Exchange Rate: Insights into Kurdistan Region’s Economy, 13 NOV

Understanding the USD/IQD Exchange Rate: Insights into Kurdistan Region’s Economy

The exchange rate of the Iraqi Dinar (IQD) against the US Dollar (USD) in the Kurdistan Region is currently 100 USD for 159,900 IQD. This rate is a critical barometer of the region’s economic health. It is worth noting that the actual exchange rate can fluctuate, with data from Exchange Rates UK indicating that one USD is worth 1309.0175 IQD at a specific date and time.

Fluctuating Exchange Rates Depict Economic Dynamics

This disparity underscores the volatility of the currency exchange rate, as it is subject to frequent changes. A look at the historical perspective further reveals that the current rate is higher than the previous day’s, further emphasizing the dynamic nature of the currency market.

Real-Time Conversions Amidst Dynamic Exchange Rates

In a world where the exchange rate is highly volatile, the availability of a currency converter tool for real-time conversions becomes increasingly significant. This is particularly crucial for individuals and businesses conducting international trade or financial transactions involving the USD and IQD.

Global Currency Volatility and its Implications

Exchange rate fluctuations are not isolated events but part of the broader volatility in global currencies. This is influenced by various economic trends and geopolitical developments worldwide. Consequently, the IQD’s exchange rate is not immune to these factors.

Understanding the Factors Influencing Exchange Rates

Reports on the U.S. dollar’s performance, its impact on gold prices, and fluctuations in Baghdad and Erbil’s markets contribute to a comprehensive understanding of the dynamics affecting the exchange rate. Furthermore, coverage extends to geopolitical events, such as the Gaza crisis and bilateral relations with the UK, which can impact currency markets.

In conclusion, the data on the USD/IQD exchange rate provides valuable insights into the economic landscape of the Kurdistan Region and beyond. It highlights the volatile nature of exchange rates, the necessity of real-time currency conversion tools, and the interconnectedness of global events with currency fluctuations.

https://bnn.network/world/iraq/understanding-the-usd-iqd-exchange-rate-insights-into-kurdistan-regions-economy/