Dinar RV Breaking News🔥Urgent: Iraq Achieves Record Foreign Currency Res...

"IRAQ NEWS ANALYSYS" BY MNT GOAT, 15 NOV

ECONOMIST: IT IS NOT POSSIBLE TO MINT AN IRAQI COIN CURRENTLY, AND INFLATION IS A THOUSAND TIMES HIGH

The economic expert, Abdul Rahman Al-Sheikhli, ruled out minting an Iraqi coin at the present time due to the high inflation of the dinar by 1,000 digits.

Al-Sheikhli said: For the program {Free Speech} broadcast by Al-Furat satellite channel this evening, it was said: “The issue of importing the dollar is not new. It was approved in 2010 by a measure by the Central Bank, and the new decision came at the request of merchants to cover the needs of the local market.”

He added, “The dollar in banking offices is either legitimate or through acquisition, and cash is sold to travelers, students, and patients abroad. The reality of the situation requires the presence of another source to provide the currency, and the Central Bank has obliged the import of the dollar exclusively through airports.”

Al-Sheikhly stressed that “the central bank will not be an intermediary in importing the dollar, but rather the banks that have relations with foreign banks and rely on their stock of the dollar.”

He also stated, “The political influence is very great on the economic process, which hinders its flexibility, and the entry of the imported dollar will be a competitive factor in the Iraqi street for the black and will have a very significant impact on reducing the price of the currency.”

Al-Sheikhli pointed out, “The most important factor in the fluctuation of the dollar is supply and demand, and the rise of the dollar and oil on balance contributed to raising the currency in the local market,” adding, “The US Federal Reserve does not delay remittances, but it audits them, and international standards for money laundering and supporting terrorism delay some attempts.”

He added, “Some banks operate in unprofessional ways, which led citizens to hoard currency and the need to restore confidence between the citizen and the banking system. The Prime Minister agreed with the Minister of Commerce to import materials at the official price and sell them at a discount.”

Al-Sheikhli added, “Iraq has inflation in the dinar, which is more than 1,000 and it is not possible to print coins at the present time. The Iraqi citizen must be educated to use the Visa card in his transactions.”

While he noted that “the Ministry of Finance’s intervention in raising the price of the dollar created a major problem,” calling on the Central Bank to “use its full independence and powers to control the price of the dollar, as the Central Bank is still deficient in resolving some of the existing problems,” concluding, “The American Federal Reserve has no authority over the Central Bank of Iraq.” Rather, it issues recommendations regarding violations.

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

We hold the highest currency reserve in the history of Iraq and the time for the stability of the dollar has begun – Sudanese Advisor, 15 NOV

 We hold the highest currency reserve in the history of Iraq and the time for the stability of the dollar has begun – Sudanese Advisor

11-14-2023

We hold the highest currency reserve in the history of Iraq and the time for the stability of the dollar has begun - Sudanese AdvisorMazhar Muhammad, Advisor to the Prime Minister for Financial Affairs, said that Iraq today has the highest foreign currency reserves throughout its financial history, indicating that they are sufficient for Iraq to last 15 months, while the international standard is only 3.

Muhammad indicated in a statement to the official newspaper, followed by the 964 network , that “the Iraqi monetary authority holds foreign currency reserves, which are the highest in Iraq’s financial history,” indicating that “Iraq has the highest foreign currency reserves and high commercial efficiency. Today, reserve currencies are sufficient for Iraq’s trade for a period “Fifteen months,” while the international standard is “three months.”

He explained that “external financing for the private sector is done through the compliance platform, which required conditions that lasted for a year from last October to this November, and thus the banks adapted on the basis of global compliance with the use of foreign currency for the purpose of trade and not for other purposes that cause problems for the state.”

He noted that “the agreement between Iraq and the United States indicates the presence of high flexibility in financing the private sector, by strengthening a number of dollar-denominated banks that have adapted themselves to global compliance and will finance Iraq from major global commercial centers.”

Saleh pointed out that “more than 85% of the demand for foreign currency is done through the external platform managed by the (Central Bank of Iraq), by enhancing the balances of foreign banks, while the parallel market constitutes only 15% of the speculators’ market,” stressing that “this The agreement constitutes the beginning of price stability in the exchange market.”

964media.com

Revealing the “reasons” for the dollar’s ​​decline in Iraq and expectations for the next step, 15 NOV

 Revealing the “reasons” for the dollar’s ​​decline in Iraq and expectations for the next step

2023-11-14 08:09

Revealing the reasons for the dollars ​​decline in Iraq and expectations for the next stepShafaq News/ On Tuesday, economic expert Nabil Al-Marsoumi attributed the decline in the price of the US dollar against the Iraqi dinar to what he called “good market sentiment and optimistic expectations.”

Al-Marsoumi said in an interview received by Shafaq News Agency, “The good market sentiment and optimistic expectations associated with the agreement between the US Federal Bank and the Central Bank of Iraq on a combination of policies and procedures were what was behind the recent rise in the dinar’s exchange rate against the dollar until the dollar reached 1,560 dinars.”

He added, “Although these measures have not been tested on the ground to determine the extent of their ability to narrow the gap between the official and parallel prices, therefore the price of the dollar will continue to decline for some time and then stabilize after that, perhaps close to 1,500 dinars.”

However, Al-Marsoumi expected that “the price of the dollar will rise again because the recent treatments and procedures did not address the essence of the problem, which is trade with Iran and Syria, and the problem of Iraqi travelers to Iran and Syria who are deprived of obtaining the dollar at the official rate.”

The economic expert pointed to other reasons behind the rise, which he called “the fatal duality in Iraq represented by the presence of two tax and customs tariff systems, the presence of illegal ports, weak control over official border ports, and the presence of goods that are not financed through the electronic platform, but rather through the parallel market, such as alcoholic beverages.” And cigarettes and drugs.”

Shafaq News Agency correspondent said today that dollar prices fell with the closure of the main Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 155,500 Iraqi dinars against 100 dollars, while prices this morning were 159,500 dinars against 100 dollars.

shafaq.com

Coffee with MarkZ and Andy Schectman. 11/15/2023

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ  Wednesday Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member:  GM Markz and Mods. Blessings to all.

Member: Happy Hump day…..hoping the RV is over the hump and we are heading to the end of the ride. 

Member: Hump day feeling more like ground hogs day today

MZ: Lots of rumors out there today. There are more NDA’s and reports from you guys who know folks that are now under NDA’s as well…..Thanks for that. 

MZ:  I got a confirmation from a source that is not one of mine. They were told there were 3 paragraphs they were addressing on the HCL between Erbil , the Kurds and Baghdad  …and RV would occur as soon as its finished.  .I was always told when HCL was 100% done and official….we would get the new rate…..I had heard this from one of my sources…..but was glad to hear it confirmed from another. So that feels good …..Just 3 paragraphs to work through on the HCL……I thought this was great news.  

Member: That news makes it all less pie in the sky and all the more practical, logical and tangible, MarkZ! Thanks for that!

MZ: “Zimbabwe –focused gold miner Caledonia reports profits of $5.7 million in Q3-reiterates production guidance.” Zimbabwe has huge amounts of gold and this is just one company. Zimbabwe has massive resources to allow them to change the value of their currency. 

Member: Zim will be the sleeper. They are so wealthy with minerals and mining for the planet.

Member: Has the new rate been posted in the Iraq gazette yet?

MZ: No. If it had we would all be exchanging already. 

Member: ISO20022 goes live all over the world the 19 th Nov. I think Iraq needs a rate.

Member: Bruce believes this hasn’t gone yet because Iraq isn’t Iso20022 yet

Member: ISO 20022 is a standard for electronic data interchange between financial institutions, covers financial information transferred between financial institutions QFS probably complaint banks will be.

Member:  Iraq has over 200 countries meeting today and a couple more days, they would need a new rate to get investors.

Member: Has the Admiral been paid yet? 

MZ: My admiral contact said he has not been paid…but they anticipate payment at any moment. I know they are prepped and ready. 

Member: What happens if the stock market crashes before we get notifications?

MZ: That would force us to get notifications. 

Member: I think Xi visiting the US is a big deal. 

MZ: So Biden is supposed to be meeting with Xi on the west coast today…then doing some fundraising……. Interesting enough it’s in a town where  a few of the Chinses elders are at. There is a lot of anticipation and the rumor mill from the Reno area are saying there are a few “last minute” negotiations. I don’t know what those could be. But we have heard a few of the Chinese elders are meeting with him “behind the scenes”. And that this meeting with Xi may be important. That’s coming from the rumormill. 

Member:  I learned at work yesterday that the FED has suspended the ordering of all new currency. banks can only order circulated bills...

Member: Canadian emergency alert system to be tested today | CityNews Toronto

Member: I heard Something VERY BIG is coming November 16-17th !!!

Member:  Stay strong and positive. This is happening soon!!

Member: Many people will be traveling next week for Thanksgiving. Hope it happens before then

Andy Schectman for Miles Franklin joins the stream today. P;ease listen to the replay for his opinions and information. 

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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

Iraqi Dinar🔥Great News About New Exchange Rates Today 2023🔥iraqi dinar R...

"RV UPDATE" BY MARKZ, 16 NOV

 MarkZ  

 [via PDK]   We have some very interesting chatter this evening. I have gotten this from many banking sources that they are expecting instructions very soon. Specifically instructions for “Foreign Currency Exchanges”!!! This is the event that we are looking for.  I have heard this now from 3 different banking sources...Nobody knows the exact date…but they are expecting instructions at any moment and are prepared. They know it’s coming. Banking people from the mid-level up know it’s coming and are prepared for it.  IMO this is great news.

 ... I am hearing- they want things completed and fully active and everything done by Jan.  For that to happen it could go any day.

 “Iraq plans “to neglect the US dollar ” and parliament proposes to diversify foreign currency baskets”   Iraq will hold foreign currencies so they can do business in and around the middle east without the US. This story is bigger than it appears. It is all about de-dollarization. 

We know Iraq plans to be de-dollarized by January 1st. So for Iraq to be de-dollarized by January 1st…then their oil profits, etc will no longer be going through the US system that it is going through now…AND, they will need a fully functional, international currency. We have a really good indicator of when this rv has to happen by. It makes logical sense for it to be sooner.This article is fantastic.