"RV UPDATE" BY KAPERONI, 26 NOV

 Kaperoni 

 If and when the day comes where Iraq begins to diversify their economy, then they can begin to withdraw some of the larger notes from circulation and begin to raise the value to counter inflation gradually.  This process then could begin to introduce a smaller notes to replace the larger notes as the currency appreciates. But again, this would have to happen gradually over time so Iraq could reduce the money supply, which currently is over 90 trillion.

https://dinarevaluation.blogspot.com/2023/11/rv-update-by-rayren98-kaperoni-23-nov.html

 A lot of people probably don't realize, but  I've been in the dinar investment since 2008.  Probably one of the most knowledgeable on the facts, and read most professional documents ever written pertaining to the dinar. I know what I'm talking about.

https://dinarevaluation.blogspot.com/2023/11/rv-update-by-rayren98-kaperoni-jeff-18.html

 We found out very quickly many years ago that there would never be an RV of the Iraqi dinar or the term reinstatement.  Those are made up terms and will not happen.  

If this is something new to you to hear it's probably best that you learn it now because there will be no single RV or overnight RV or reinstatement of the Iraqi dinar.  The Iraqi dinar is not a lottery ticket...If the dinar is ever going to go up in value it will go up gradually as a result of the success and growth of their own economy...

https://dinarevaluation.blogspot.com/2023/11/rv-update-by-breitling-kaperoni-16-nov.html

Iraq's CBI Governor Al-Alaq Reveals Plans for Crucial Meeting with US Tr...

Iraq’s Federal Government Transfers 700 Billion IQD to Kurdistan Regional Government, 26 NOV

 Iraq’s Federal Government Transfers 700 Billion IQD to Kurdistan Regional Government

In the Kurdistan Region of Iraq, a monumental financial transaction has taken place, injecting hope and stability into the region’s economic fabric. A colossal 700 billion Iraqi Dinars (IQD) have been transferred to the Kurdistan Regional Government (KRG) from the federal government of Iraq, according to Shahaw Amin, a key figure in the KRG. This transfer is designed to alleviate the financial burden on the regional government, particularly in ensuring the timely disbursement of public sector wages.

A Lifeline for the Kurdistan Regional Government

The allocation of funds is an integral part of ongoing efforts to reconcile financial disputes and establish economic equilibrium in the region. The KRG, grappling with the strain of maintaining its infrastructure and meeting public sector wage demands, views this transfer as a much-needed lifeline. The 700 billion IQD will significantly bolster the KRG’s ability to sustain its public servants, who form the backbone of the region’s functioning.

Impact on the Region’s Economic Stability

The transfer of funds is expected to have an immediate and stabilizing effect on the region’s economy. By ensuring the swift payment of public sector salaries, the KRG can avert potential economic disruption and maintain the continuous delivery of essential services. The allocation also sends a strong signal of support from the federal government, reinforcing the commitment to resolve longstanding financial disputes and promote stability.

Significance of the Financial Transfer

The financial transfer to the KRG is not merely a monetary transaction; it is a testament to the federal government’s commitment to establishing economic harmony in the region. By injecting this significant sum into the KRG, the federal government is playing a crucial role in maintaining the functioning of the regional government and supporting its public servants. The move is a significant stride towards a more stable and prosperous Kurdistan Region of Iraq.

https://bnn.network/politics/iraqs-federal-government-transfers-700-billion-iqd-to-kurdistan-regional-government/

Advisor to the Prime Minister announces a platform for Iraqi and Chinese businessmen, 26 NOV

Advisor to the Prime Minister announces a platform for Iraqi and Chinese businessmen

Economy News-Baghdad

Advisor to the Prime Minister for Investment Affairs and Executive Director of the Iraq Fund for Development, Mohammed Al-Najjar, outlined on Saturday the importance of the relationship between Iraq and China, while announcing a platform for Iraqi and Chinese businessmen.

Al-Najjar said, during the founding ceremony of the Iraqi-Chinese Business Council, under the auspices of Prime Minister Mohammed Shia Al-Sudani, that "China was characterized by several qualities, including that it is the only country that was able to save 400 million people from the poverty line within 20 years, and this is a great experience that everyone must benefit from, and the second characteristic is its transition from a communist economy under the state by 100% to a real common economy that has become productive."

He added: "The third characteristic, which is very important as it relates to the experience gained by China through 4,000 years of civilization, which is how to develop a team capable of managing the variables of the state," noting that "Iraq looks at China as a friend and as a country that shared its concerns at a stage that abandoned a lot of it."

He continued: "We seek to learn a lot from China regarding how to change the framework and systems of the state," noting that "China has a principle called special economic zones, and this is an experience that must be used in Iraq to change our economic reality."

He pointed out that "China's GDP in 1979 did not exceed 120 billion, but today China is the second largest economy in the world through 40 years of changes that have occurred not only on a political basis, but on an economic and political basis at the same time," expressing his hope to "start a new phase of the relationship with China."

He stressed that "renewed trade and industrial projects between Iraq and China," pointing out that "the Iraqi-Chinese Business Council will be a platform for businessmen of the two countries." 

Iraq's CBI Governor Al-Alaq Reveals Plans for Crucial Meeting with US Tr...

"RV UPDATE" BY SANDY INGRAM, 25 NOV

  Sandy Ingram  

Wealthy Iraqis move to the Caribbean.  Guess who's on the list?  ...The leader of the Kurdistan region and the former governor of the Central Bank of Iraq and other businessmen suspected of corruption...Iraq's politician are monitored by the organized Crime and Corruption Report Project (OCCRP)...This is part of the effort to catch

individual involved in corruption....The project reported the purchase of Dominica (tiny Caribbean island) citizenship...enabling them to travel worldwide without a Visa...This country's visa is magical.  Citizens can travel to 144 countries without a visa..

 The country has no tax on foreign income, capital gains, inheritance, stock profits, wealth or gifts...The former Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhif, obtained Dominica citizenship in 2017 along with his wife and two children and did not renounce it upon his appointment as governor of the CBI which was clear violation of article 18 paragraph 4 of the Iraqi Constitution.  He held the position of governor of the Central Bank of Iraq from September 2020 until his removal by the current prime minister on January 23, 2023...

There are corruption questions...a legal complaint... has been filed due to the loss and depletion of millions of dollars regarding forged import documents.

  The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless.  It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange.  Most of these reserves are held in US dollars since it is the most traded currency in the world...The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history.

 The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless.  It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange.  Most of these reserves are held in US dollars since it is the most traded currency in the world...

The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history...

Article:   "Good News for Investors:  US Treasury Continues to Omit Vietnam Currency Off Currency Manipulator's List"  

 Vietnam was not included on the US Treasury Department currency manipulators list this time.   The list comes out twice a year and includes countries that may have surpassed the value of their currency.  When a country does this it cheats investors on potential profits...Iraq is rebuilding after the war so is not yet subject to currency manipulation lists...

  On Wednesday the Prime Minister of Iraq's advisor took the lead from the Central Bank of Iraq and announced Iraq has the largest foreign currency reserves in its' history and that the exchange rate treatment package aims to prevent profiteering at the expense of the economy...

https://dinarevaluation.blogspot.com/2023/11/rv-update-by-sandy-ingram-25-nov.html

Iraqi-British Business Council Conference: A Step Towards Economic Transformation in Iraq, 25 NOV

Iraqi-British Business Council Conference: A Step Towards Economic Transformation in Iraq, 25 NOV

 The Iraqi-British Business Council is poised to host a landmark conference in Dubai on December 7th and 8th, with an ambitious intent of bolstering alliances and ushering economic transformation in Iraq. The conference aims to galvanize companies engaged in business and trade, in a bid to nurture investment opportunities and bolster Iraq’s industry and its populace.

Strengthening Economic Ties

The event underscores the UAE’s ascending role as the primary commercial hub for Iraq, reflecting a substantial growth in trade between the two nations, which has surged by over 60% in 2022. The UAE emerges as a common ground for diverse global entities ranging from the UK, EU, and US to India, Turkey, Iraq and the Gulf. This pivotal role of the UAE in facilitating international cooperation is highlighted, further augmenting its potential for investment in Iraq, and providing an efficient route for companies to penetrate the Iraqi market, bypassing administrative hurdles within Iraq itself.

Building a Sustainable Future

A keynote speech by Dr. Thani bin Ahmed Al Zeyoudi, the Minister of State for Foreign Trade, will be a centerpiece of the event, focusing on constructing a sustainable future. The conference comes at a crucial juncture, addressing cardinal issues such as economic sustainability, education, finance, and climate change. As part of the climate change discussion, a UN-led conference in Dubai recently concurred on a target to curtail carbon emissions from global aviation by 5 per cent by 2030 through the utilization of sustainable aviation fuels.

Driving Growth and Development

The conference is seen as a catalyst for socioeconomic progress in Iraq. As Christoph Michels, the conference’s Managing Director, emphasizes the import of the event, which is projected to draw key decision-makers and stimulate dialogue on critical issues. Fikas Handa, the UAE representative at the regional level in the council, also recognizes the conference’s potential to influence Iraq’s long-term development and foresight. With its focus on facilitating technology transfer, infrastructure development, and expertise sharing, the conference is set to promote growth and development in Iraq, contributing to its reconstruction and economic revival.

https://bnn.network/world/iraq/iraqi-british-business-council-conference-a-step-towards-economic-transformation-in-iraq/