"RV UPDATE" BY PIMPY, 21 NOV

  Pimpy  

 Article:  "Changes in business dealings...Iraq replaces the dollar with other currencies to stabilize the dinar"  

All this is good news but it's going to take a little time for some of this to be implemented.  What I'm looking forward to is seeing how Iraq does in the first quarter of next year because by then all the kinks should have been worked out of these programs implemented and we should start to see the results in the first quarter of 2024.

 Iraq is rocking and rolling on infrastructure.  This is going provide a lot of jobs.  This is going to start really opening up the economy for Iraq...Things are starting to rock and roll, let's hope nothing spoils it...

Article: "Iraqi banks begin straightening their accounts in UAE dirhams next week"  

There you go next week they start a different currency swap.  This one is now going to be with the UAE.  They're currently working on India as well...This is...necessary for them to do business with one another...These currency swaps can start happening but in order for us to see any real results it's going to take at least the rest of the year for this thing to get ironed out and implemented...The end of the first quarter of 2024...we'll start to see some results.

Dollar Prices Stabilize In Baghdad And Erbil With The Closure Of The “Al-Kifah And Al-Harithiya” Stock Exchanges, 21 NOV

  Dollar Prices Stabilize In Baghdad And Erbil With The Closure Of The “Al-Kifah And Al-Harithiya” Stock Exchanges

Posted On2023-11-20 By Sotaliraq  2023-11-19  The exchange rates of the US dollar against the Iraqi dinar stabilized on Sunday in Baghdad and Erbil, the capital of the Kurdistan Region, with the closure of the two stock exchanges.

Our correspondent said that dollar prices stabilized with the closure of the main Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 157,900 Iraqi dinars against 100 dollars, which are the same prices that were recorded this morning.

Our correspondent indicated that selling prices in exchange shops in local markets in Baghdad stabilized, as the selling price reached 158,750 Iraqi dinars for 100 dollars, while the purchase price reached 156,750 dinars for 100 dollars. 

In Erbil, the dollar also recorded stability, as the selling price reached 158,000 dinars for every 100 dollars, and the purchasing price was 157,900 dinars for every 100 dollars.  LINK

Masrour Barzani: Repeated Violations Of The Iraqi Constitution Threaten Stability And Portend The Return Of Sectarianism, 21 NOV

 Masrour Barzani: Repeated Violations Of The Iraqi Constitution Threaten Stability And Portend The Return Of Sectarianism

2023-11-20 01:23  Shafaq News / The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, confirmed on Monday that the Middle East is witnessing existential challenges, most notably climate change, and while he warned that this will lead to an exacerbation of food insecurity, water scarcity and mass migration, he pointed out that the region is also witnessing a renewal of violence. This represents a threat to peace and security.

In an opening speech at the fourth meeting of the Middle East Peace and Security Forum, hosted by the American University of Kurdistan in the city of Dohuk, Barzani stressed the importance of working to find peaceful solutions to conflicts in the region.

He stated that the Palestinian and Kurdish issues require the same rights and dignity.

He also expressed his concern about the recent developments in Iraq, stressing that repeated violations of the Constitution threaten stability and herald the return of sectarianism.

The Prime Minister also said that unilateral decisions and the exclusivity of one group in government institutions will exacerbate corruption, injustice, poverty and rebellion.  LINK

💵Iraqi Dinar💵Very Exciting🔥News Guru Intel Update IQD Value to USD🤑💵🤑🎉

"RV UPDATE" BY TEXAS SNAKE, (SPANISH & ENGLISH), 20 NOV

 Domingo 19 Noviembre 2023

06:02 A.M. Hora TEXAS USA

Texas Snake : Dice

— IRAK, al igual que la mayoría de los demás países involucrados con la primera canasta RV, desea que EE. UU. autorice las monedas respaldadas por activos al mismo tiempo que ejecutan los nuevos valores monetarios en sus respectivos países y sería absolutamente una locura si nuestro Tesoro no anunciara las USN respaldadas por activos. al mismo tiempo.

— Anoche recibí información preliminar que no pude confirmar y hoy me incluyeron en una llamada internacional desde varios países de todo el mundo, incluidas las ciudades estadounidenses de Nueva York, Reno, Mia, además de Zurich, Hong Kong e Irak.

— La suma y sustancia de este llamado era toda la reorganización bancaria y monetaria del país que se presentaría a los ciudadanos esta semana y el CBI ( BANCO CENTRAL DE IRAK ), quería que esta nación anunciara nuestra nueva moneda junto con ellos, pero si no, entonces el CBI e

IRAK RV por su cuenta.

— Las fechas de los anuncios son el LUNES 20 o el MARTES 21 y la fecha de entrada en vigor será el MIÉRCOLES 22 NOVIEMBRE 2023 de la próxima semana.

— Según varios participantes en la convocatoria, se han cumplido todos los requisitos, como FOREX. Recuerde que solo soy un mensajero, pero parecían muy seguros de esta información.

----

Translation in English: 

Sunday November 19, 2023

06:02 A.M. Time TEXAS USA

Texas Snake: Says

— IRAQ, like most other countries involved with the first RV basket, wants the US to authorize asset-backed currencies at the same time they execute the new monetary values ​​in their respective countries and it would be absolutely crazy if our Treasury will not announce asset-backed USNs. at the same time.

— Last night I received preliminary information that I could not confirm and today I was included in an international call from several countries around the world, including the American cities of New York, Reno, Mia, as well as Zurich, Hong Kong and Iraq.

— The sum and substance of this call was the entire banking and monetary reorganization of the country that would be presented to the citizens this week and the CBI (CENTRAL BANK OF IRAQ), wanted this nation to announce our new currency together with them, but if not , then the CBI and

IRAQ RV on your own.

— The dates of the announcements are MONDAY, the 20th or TUESDAY, the 21st and the effective date will be WEDNESDAY, NOVEMBER 22, 2023 of next week.

— According to several participants in the call, all requirements have been met, such as FOREX. Remember I'm just a messenger, but they seemed very confident about this information.

Economist: Soon Solutions Will Lead To A Decline In The Dollar And Turbulent Monetary Policy In Iraq, 20 NOV

 Economist: Soon Solutions Will Lead To A Decline In The Dollar And Turbulent Monetary Policy In Iraq

Time: 11/19/2023 Read: 3,289 times   {Economic: Al-Furat News} The economic expert, Abdul Rahman Al-Mashhadani, revealed close solutions that would lead to a decline in the dollar, while describing monetary policy as “turbulent in Iraq.”

Al-Mashhadani said: For the {State Dialogue} program broadcast by Al-Furat satellite channel this evening, he said: “In the coming days, there are solutions that will lead to lowering the exchange rate, as we have 5 Iraqi banks that have partnerships with solid international banks and have a high reputation and capital.” 

He added, "The partnership with Qatar National Bank gives strength to Iraqi banks, while Iraq and Iran deal with a third currency in commercial transactions, reducing the price of the dollar."

Al-Mashhadani described the current monetary policy in Iraq as “turbulent and is merely a buffer to absorb the mistakes of previous trade policies, and it is not compatible with the actual need.”

He added, "The platform detected 90 percent of the manipulations and problems in transfers. Some contracts were gateways to corruption and money laundering, and half of the invoices presented for imports were forged."

Al-Mashhadani pointed out that "the food sector accounts for approximately 41 percent of the inflation equation, and exchange rate fluctuations affect various sectors in addition to the psychological factor."

He concluded by saying, "80% of transfers were rejected by the US Federal Bank for no reason, and the delay in rejected transfers forces merchants to buy from the parallel market." Wafaa Al-Fatlawi   LINK

After importing the dollar... an optimistic statement about the exchange rate in Iraq, 20 NOV

After importing the dollar... an optimistic statement about the exchange rate in Iraq 

Economy| 06:48 - 11/18/2023
Mozaine News - Baghdad
 
The economic expert, Abdul Rahman Al-Mashhadani, revealed the impact of the Central Bank’s steps on the dollar exchange rate in Iraq. 
 
Al-Mashhadani said in an interview with Mawazine News, 
 
“The recent measures will contribute to lowering the exchange rate by allowing banks to bring remittances from companies that have bank accounts in them or from their balances abroad, and this will achieve two things. 
 
The first is that the central bank will be freed from the Fed’s oversight and penalties, given that any dollar Of these dollars, if they leak into the markets of the sanctioned countries, they are not from the Central Bank’s dollars. 
 
The second is that these transfers mostly belong to foreign companies operating in Iraq that employ Iraqi employees and receive their salaries in dollars, or that have contracts with Iraqi companies that supply them with materials such as food, for example, or deliver them to them. 
 
The contracts of these companies are denominated in dollars. 
 
They will certainly be exchanged in the parallel market and will be an important resource for financing the market.”  He added, "This is also the case with the banks being freed from transfer control through the platform and returning to its old method by enhancing the balances of banks that have foreign correspondent banks or that have  partnerships with foreign banks. 
 
This measure will lead to reducing the period for issuing the transfer from 15-30 days to two or three days." Days, at the same cost, and the auditing of these transfers is carried out by JP Morgan or the American Citibank, while previously the process of auditing and filtering was carried out by the Central Bank, then the Federal Reserve, and then Citibank or JP Morgan.”  He added, 
 
"The Central Bank's measures remain insufficient because they require the support of supporting government agencies such as customs, border crossings, the Ministry of Commerce, and the stability of the political and security situation."
 
https://www.mawazin.net/Details.aspx?jimare=238063