Iraqi Dinar update for 12/03/23 - Iraq will be the Mecca of the trade w...

"RV UPDATE" BY NADER FROM MID EAST,

 Nader From The Mid East  

 The revolution of the dinar exists, yes.  Is going to revalue?  Yes.  When?  I don't know.  It can be now.  It can be next month.  It can be 2 years from now.  It can be 5 years form now.  You know people are going to hate this but the reality is there...You have to be a realist...You know it's going to revalue.

 Article from [Advisor to the prime minister] Salah.  I love Salah.  You always come with the good news...He says ...the Iraqi dinar is going to master the currency of the world soon.  That's what we're working hard for and it's going to master it.  A lot of people do not know what you guys know.

Great news this morning... They start them leaving the country to discuss the exchange rates between countries.  

They're going to start with Turkey... Article "Delegation will head to Ankara Turkey tomorrow Monday to discuss regulating trade exchange between Iraq and Turkey" 

https://dinarevaluation.blogspot.com/2023/11/rv-update-by-nader-from-mid-east-29-nov.html

"The future of Iraq" is on the conference table in Dubai.. These are its details , 3 DEC

  "The future of Iraq" is on the conference table in Dubai.. These are its details

12/3/2023

Gulf Today newspaper revealed, on Sunday, the details of a major conference that will be held in Dubai on December 7, with the aim of strengthening economic partnerships between Iraq and the Emirates, and pushing towards achieving transformation in the Iraqi economy.

A report published in the English newspaper, and translated by Shafaq News Agency, quoted the “Iraqi-British Business Council” (IBBC) indicating that trade exchange between the UAE and Iraq witnessed significant growth exceeding 60% last year, which confirms the sustainability of economic relations between the two countries. .

The report noted that the UAE Minister of State for Foreign Trade, Thani bin Ahmed Al Zeyoudi, will deliver a welcome speech on the second day of the conference dedicated to “building a sustainable future,” which will open on December 7 and last for two days.

He explained that the “Iraqi-British Business Council” conference in 2022 sparked positive reactions from 230 delegates, which led to an increase in membership by 15%.

The report continued that the Council seeks at this year's conference to achieve the same number of delegates who will meet to deliberate on topics such as "Education and Training in Iraq" and "Building a Sustainable Future."

The report also quoted the Undersecretary of the UAE Ministry of Foreign Trade and Industry, Abdullah Ahmed Al-Saleh, as saying, “It is a great honor to join our friends from Iraq and the Iraqi-British Business Council, to discuss joint efforts to assist the country in the reconstruction process,” adding, “Iraq He suffered a lot, but he has tremendous potential and capabilities to contribute a lot to the world.”

Al-Saleh continued: “The Business Council brought together companies working in the field of business and trade from all over the world for the benefit of Iraq and the members of the Council,” adding: “While the Iraqi-British Business Council is committed to a free, prosperous and diverse Iraq, it works as a bridge between Iraq and the rest of the world and connects governments and the private sector from In order to ultimately benefit businessmen, industry and the people of Iraq.”

Al-Saleh praised the Business Council and its leadership for organizing this platform for better communication, expressing his full support for its mission of “enabling the transfer of technology, infrastructure and expertise to Iraq to enhance its growth and development.”

The Council considered that “the significant growth in trade between Iraq and the UAE, which exceeded 60% last year, confirms the permanent economic relations between the two countries,” adding that this conference also confirms the position of the UAE as the main commercial center for Iraq, and displays the growing role of the state in Facilitating international cooperation.

The report stated, "The UAE has tremendous potential for investment in Iraq and for companies operating there, without the need for administrative and bureaucratic jobs that can be found in Iraq."

The report also quoted the Director General of the Business Council, Christophe Michels, as saying, “By defending the private sector in Iraq, the UAE is considered an ideal place due to its role as a regional center, linking international companies to Iraq.”

The Gulf Today newspaper report noted that the two-day conference is being held at a critical juncture, and addresses pivotal issues such as economic sustainability, education, financing and climate change, while the Business Council expects a shift in education and sustainability in Iraq, with a focus on increasing skills training and industrial cooperation. .

In addition, the conference will address sustainability through gas exploitation and financing strategies to support investments beyond oil price fluctuations, according to the newspaper report.

According to the report, Member of the British Parliament, Wayne David, who is the Shadow Minister for Middle Eastern Affairs, will speak before the conference about Britain's foreign policy in the Middle East. Energy bodies and companies, including Total Energies, BP, Basra Gas Company and Siemens, will participate in the conference, and there will be discussions on financial reform with industry leaders such as the CEO of Standard Chartered Bank and the President of the Commercial Bank of Iraq.

According to the report, there will be participation by senior representatives of British universities, high-level representatives from the Iraqi Ministry of Higher Education, and the Prime Minister’s Office. Translated by: Shafaq News Agency LINK

Association of Banks: Agreements with Türkiye will lead to lowering the dollar exchange rate, 3 DEC

 Association of Banks: Agreements with Türkiye will lead to lowering the dollar exchange rate

12/3/2023Baghdad

The Iraqi Private Banks Association confirmed that the agreements with Turkey will lead to reducing the dollar exchange rate and increasing citizen confidence in the dinar.

The head of the Iraqi Private Banks Association, Wadih Al-Handal, said on his Facebook page, followed by Al-Iqtisad News, “We discussed with the Turkish Central Bank and all of Turkey’s banks the reorganization of trade financing between Iraq and Turkey,  using the Iraqi dinar, the Turkish lira, and the euro.”

Al-Handal stressed, "The agreements with Turkey will lead to reducing the dollar exchange rate and increasing citizen confidence in the dinar."   LINK

World Wide - Iraq Dinar - Private Sector - Industrial -Internationalism

Al-Sudani from Basra: It is time for the Iraqi economy to be linked to the global economic cycle, 3 DEC

 Al-Sudani from Basra: It is time for the Iraqi economy to be linked to the global economic cycle

Al-Sudani from Basra - It is time for the Iraqi economy to be linked to the global economic cyclePrime Minister Muhammad Shiaa Al-Sudani said today, Saturday, that his government is studying the establishment of economic projects, the establishment of industrial cities, and free zones in partnership with countries neighboring Iraq.

Al-Sudani said in his speech during the launch of the activities of the Industrial Partnerships Forum in Basra Governorate: We are currently studying economic projects, industrial cities, and free zones with Iran, Saudi Arabia, Jordan, and Kuwait.

The Prime Minister described the development road project as the “first Iraq” project, adding that it will settle industrial cities, starting from the port of Al-Faw and ending at the point of connection with Turkey.

For his part, the Iraqi Minister of Industry and Minerals, Khaled Battal Al-Najm, in a speech in which he opened the forum, announced 90 participation opportunities between government companies and the private sector, as these investment opportunities represent wide sectors of various opportunities for companies, indicating that the value of these investments reaches about 10 million dollars.

almutalee.com

"RV UPDATE" BY FRANK26, 3 DEC

 Frank26 

 Anybody that tells you, 'give me your dinars and I will give you more than what the CBI will give you' because, 'I belong to the [whatever] group/organization' They're thieves.  They're vipers.  They're liars..

.No body is going to give you more than what the CBI can and is willing to give you.   

Question:  Article VIII, WTO do these matter?  Yes without a doubt.  WTO you notice they have not been ascended into it.  Doesn't matter.  Whenever they do it they'll do it but what's really important is in order to join the WTO you have to be Article VIII...All they have to do is raise the value of their currency, that's it. 

Question:  'Do you think the rate might come out more than 1 to 1 or higher?'  It is possible they might be looking at $1.18...1 to 1 is a good start no doubt but it's been 20 years and I think $1.18 is fair enough to start the float at against the dollar.  The goal is to go past the dollar.