"RV UPDATE" BY FRANK26, 26 NOV

 Frank26  

 Article:  "The dollar in Iraq.. Baghdad is planning “permanent solutions” with Washington, and Parliament describes the dialogues as “successful”.  THE SOLUTION IS NOT A PROGRAM RATE!

Two months ago a quick little pip movement took the exchange rate of the Iraqi dinar from 1460 to 1320...They were supposed to make the next step. 

 I told you at that time, 'Now that they've made this movement, let's say 1320 to 1, the next one will be 1,000 to 1 and when they do they will be in position to lift the three zeros and float the currency in a basket...'

 Article quote:  "Solutions exist, and during our tenure at the Ministry of Finance (2006-2010), we succeeded in increasing the value of the dinar from (1,500 dinars to the dollar to 1,170 dinars to the dollar). We were planning to reach (1,000 dinars to the dollar) and then raise the zeros so that the dinar was equal to the dollar."  What?!? 

 Word for word of what we taught you...This is the last step.  IMO the CBI is going to be going to the US Treasury next week...This is exactly what we want next.

Question:  " What if you lost your receipt for your dinar?" 

 Try to get ahold of the individual you bought it from.  If they have records...maybe they might help you.  My broker does not...If you lost it.  Oh, dear.  That can be a problem financially for you because you want to hold your currency for one year...

Because...your [tax] bracket is whatever the
government says but if you don't have a receipt or if you don't hold it for a year and you go exchange...that's a different tax bracket.  They're going to really bite you hard.  It's the difference between 40% tax and 20% tax...[NOTE: Consult your tax professionals at the appropriate time to determinate proper tax for your unique circumstances]

The Iraqi dinar is now going to enter a basket in a float and that's why the CBI has been talking...about the basket and coins... All they talk about is the exchange rate of the Iraqi dinar, about the black market going away and the only way that all of this can happen is if we have a new exchange rate and a new currency to match it .  They are preparing [Iraqi citizens].   This is the monetary reform at its highest point..

https://dinarevaluation.blogspot.com/2023/11/rv-update-by-frank26-21-nov_0504484362.html

Iraqi Dinar update for 11/26/23 - That's not the $3.22 rate BY PIMPY

Parliamentary Finance for / Nina /: Strengthening the balance of Iraqi banks in foreign currency supports the private sector and the local market, 26 NOV

 Parliamentary Finance for / Nina /: Strengthening the balance of Iraqi banks in foreign currency supports the private sector and the local market

The Parliamentary Finance Committee stressed the importance of strengthening the Iraqi banks’ foreign currency balance to support the private sector and the local market.

The head of the committee, MP Atwan Al-Atwani, said in a statement to the National Iraqi News Agency. Nina /, “The increase in the currency exchange rate by accredited banks provides another safe path to meet the local market’s needs for foreign currency.”

He added, "The government has established paths for banking work governed by the controls of applicable laws. This will open broad horizons for the national economy and will also provide hard currency to the local market without the need for the central bank to intervene and bear responsibility."

He continued to say, “The private sector can adopt this by dealing with the electronic currency exchange platform, and dealing with trade in a way that ensures controlling the rhythm of market movement, and also part of this initiative is to support the private sector by establishing local projects that can provide foreign currency and achieve automation in the ports.” Border, tax and customs.”

At the beginning of this November, the Central Bank of Iraq agreed with the American side to facilitate procedures for external transfers, including an agreement to directly enhance the advance balance of a number of banks (ten banks) in dollars.   LINK

Iraqi financial delegation heads to Ankara to discuss trade with Turkey, 26 NOV

 Iraqi financial delegation heads to Ankara to discuss trade with Turkey

Shafaq News / A government source revealed on Sunday that a financial delegation would depart for Ankara the following Monday to discuss and stabilize the trade exchange between Iraq and Turkey through recognized legal and banking methods.

This visit aims to continue the discussions initiated during the initial round of talks held in Baghdad on Wednesday, November 15.

The source informed Shafaq News Agency that the delegation includes the financial advisor to the Prime Minister, three officials from the Iraqi Central Bank, and twelve bank managers from Iraqi financial institutions.

They are set to conduct discussions with several Turkish financial and banking institutions, including the Central Bank of Turkey, the Banking Association, and the Turkish Banking Regulation and Supervision Agency.

The discussions will primarily focus on various topics, including negotiations with Turkish banks to establish correspondent accounts for Iraqi banks in different foreign currencies, facilitating settlements between the two countries, and resolving impediments hindering the execution of this process.

The Iraqi financial delegation is expected to discuss easing the use of credit cards for Iraqi residents and tourists in the Turkish banking market.

The regulation of trade exchange between the two nations will be deliberated through Turkish and Iraqi customs authorities matching supplied goods to Iraq with financial transfer documents via foreign currency exchange windows, ensuring the protection and stability of trade interests between both countries.

https://shafaq.com/en/Economy/Iraqi-financial-delegation-heads-to-Ankara-to-discuss-trade-with-Turkey

Iraqi Dinar🔥Even Bigger Exchange Rates I Can't Imagine🔥iraqi dinar Rate ...

"RV UPDATE" BY MILITIAMAN, 26 NOV

 Militia Man 

 Article:  "The dollar exchange rates are subject to the forces of supply and demand in the market" 

 By adding other currencies from around the world they're going do diminish the need for the dollar and therefore it's basically going to go away...these guys are not playing games anymore...The US Treasury, Central Bank of Iraq, US Federal Reserve they are all working towards going one direction and that's to enhance the Global Financial System...

Article:  "The highest among the Gulf countries.. The Arab Monetary Fund expects the Iraqi economy to grow by 4.5%"  

There is likely no doubt that Iraq is about to have massive growth going forward. To be the highest just now among all middle eastern countries is going to be a big deal. I suspect the ISX is going to be on fire this next year even more so than ever before..

 There's things happening as we speak - one thing after another.  I can't imagine anybody being discouraged at this time because of the nature of what's happening

Iraq-Turkey Financial Talks Imminent, Kurdistan Government Eyes Budget Discussion in Baghdad, 26 NOV

 Iraq-Turkey Financial Talks Imminent, Kurdistan Government Eyes Budget Discussion in Baghdad

As per a reliable government source, a delegation from Iraq comprising the Prime Minister’s financial advisor, three officials from the Central Bank of Iraq, and directors of 12 Iraqi banks are poised to embark on a crucial journey to Turkey. Their itinerary includes in-depth interactions with multiple Turkish financial and banking institutions. The key talking points will revolve around the initiation of correspondent accounts for Iraqi banks in foreign currencies, the introduction of credit card usage for Iraqi citizens and tourists within the Turkish banking market, and the regulation of trade exchange between Iraq and Turkey through a foreign currency buying and selling window.

High-Level Delegation to Visit Baghdad

A high-level delegation from the Kurdistan Regional Government (KRG) is scheduled to visit Baghdad. The primary agenda for this visit includes discussions on the salaries of KRG employees, the KRG’s share of the federal budget, and the reinstatement of oil exports from the Kurdistan region and Kirkuk through the Turkish port of Ceyhan. The delegation’s objective is to secure the constitutional rights of the people of Kurdistan, with special attention to those who are salaried employees.

Negotiating Oil Exports and Production Costs

The delegation will also delve into the challenges of recommencing oil exports and the federal government’s ability to cover the production and extraction costs. The KRG’s intent is to resume oil exports, conditional on the federal government’s capacity to shoulder the cost of oil production and extraction.

Call for Commitment Towards Financial Obligations

Qubad Talabani, Deputy Prime Minister of Iraq’s Kurdistan Regional Government (KRG), has called on the federal government in Baghdad to fulfill its financial obligations towards the autonomous region. He emphasised the urgent need for the federal government to resolve the issue of Kurdistan’s share in the budget and fund the salaries of public servants. A high-ranking KRG delegation is slated to visit Baghdad on Monday to discuss the budget, public servants’ salaries, and the resumption of oil exports from Kurdistan and Kirkuk via the Turkish port of Ceyhan.

https://bnn.network/world/turkey/iraq-turkey-financial-talks-imminent-kurdistan-government-eyes-budget-discussion-in-baghdad/