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"
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"
> It has to revalue. If you talk about the assets and how much Iraq has...Look at Kuwait doesn't have anything. No agriculture. They have a little bit of tourism. When Kuwait hits your mind? Almost never.
Here's the thing though, Iraq is more richer than Kuwait. It's 100x, 1000x richer than Kuwait. Of course because it's bigger than Kuwait... When you hear the head of state saying the dinar is stronger than the dollar you got to believe him. It is stronger.
Yes, it's going to revalue. When? I don't know. But it's going to revalue. They have to revalue. If you look at the history and you look at the wealth Iraq has...It's real. What's going on is real...The revolution of the dinar is there. The reinstatement is there. They're going to have to reinstate...The...dinar was down because of the war and the sanctions...Iraq got heavily sanctions. But now the country is going back to normal.
The President of the Republic to the Minister of InteriorStability is an important element in achieving economic development and encouraging investment
Baghdad – Mawazine News
The President of the Republic, Abdul Latif Jamal Rashid, stressed during his meeting with the Minister of Interior, Abdul Amir Al-Shammari, today, Tuesday, the importance of consolidating security and stability.
A statement from the Presidency of the Republic, received by Mawazine News, stated, “The President of the Republic, Abdul Latif Jamal Rashid, received today at Baghdad Palace, the Minister of Interior, Abdul Amir Al-Shammari.” “.
During the meeting, the President of the Republic stressed “the importance of consolidating the security and stability that Iraqi cities enjoy,” pointing out that “stability is an important element in achieving economic development and encouraging investment and the private sector.”
He praised “the efforts of the Ministry of Interior in protecting the security of the regions and combating crime in all its forms, especially in reducing the scourge of drugs,” noting “the importance of providing facilities to citizens to carry out their daily transactions and issuing documents, identification documents, etc.”
For his part, Minister Abdul Amir Al-Shammari appreciated “the directives of the President of the Republic, and also reviewed the ongoing work progress in the Ministry of Interior at various levels and the implementation of the tasks assigned to it in establishing security and stability, and the future plans drawn up in this regard.”
Why and what do we want from the development plan?
Perhaps some adherents of different economic sects and schools are talking about leaving the idea of central planning, in light of changing development trends, theories, and philosophies, and the content of this talk is that central planning is no longer suitable for this era, in light of the decline in the role of governments, and the expansion of the arena of the private sector, which has become It dominates the development scene. This happens in countries with liberal systems, but in countries that still embrace socialist systems, they adhere to central planning, and the government in them is in charge of everything, planning and implementation. In order not to stray too far from the idea of the topic that I want to delve into, I will talk here about the five-year plans in Iraq, which are considered medium-term plans. The past fifteen years have witnessed the launch of three development plans, the first of which was (2010 - 2014), but it soon ended. It was halted or discontinued due to the exceptional circumstances in the country, and was replaced by the second plan (2013-2017), then came the third plan (2018-2022), and here comes the big question: What was achieved from those plans, and what was not achieved? In answering this question, there is certainly something that has been achieved, but perhaps this achievement does not seem clear, in light of the great deterioration that the development sectors in all its names are suffering from, and as the popular proverb says (the problem is great and the plot is small). As for why these plans did not achieve their goals, This is another story that will be discussed at length, the most prominent title of which is that the challenges and risks that faced the plans were not taken into account. They are different and extremely severe. Sometimes they are security, sometimes political, sometimes health, fourth financial, fifth, sixth...etc. In general, time has passed, the plans have expired, and we are facing a new phase, with everything security, political, economic, health, and even social, and all of this strongly calls for going towards developing a new five-year plan, which must also be different from its predecessors, and this difference comes. Through its real response to all challenges, at the internal and external levels, and the higher its response to risks, this enables those concerned to achieve the goals set out in the plan, and according to sectoral priorities, and the response is also linked to the high ability to anticipate changes that can occur at any moment. This is called development uncertainty, and this uncertainty is linked to the instability of oil prices, which may witness a decline at any moment, and is also linked to global conditions, such as wars, conflicts, epidemics, etc., and the Russia-Ukraine war and the Covid-19 pandemic are far from us. Also, the plan cannot ignore the frightening climate changes, which now threaten many countries of the world with many risks and repercussions, and Iraq is one of the countries in the world affected by such changes. According to all of the above, the goals set by the five-year development plan, which the Ministry of Planning announced the start of preparing for the next five years, must be accurate, measurable, acceptable, realistic, and with a specific time frame, according to specific priorities, with the necessity of participating and involving all activities at the state level. In the preparation process, in order for it to be expressive for everyone, in addition to this participation, it represents an explicit commitment by these activities to implement the plan, and the legislative and executive authorities, as well as the private sector, civil society and the media, are all concerned with this partnership, to ensure reaching the goals that are being adopted. It is the time for everyone to advance the development sectors and change people’s lives, according to realistic, flexible, and implementable development plans.
[via PDK] Question: How do we hold on to faith when everyday is a groundhog day?
MarkZ: The problem is we are trying to pick the timing of this historic event. We are looking at all the pieces and trying to guess the timing...You are watching it happen…all the greatest economic voices tell us it is coming…it is not a groundhog day even though we are not across the finish line yet.
Iraq is being very clear the dinar will be higher than the dollar and no more dollars after Jan 1st…They are telling us everything we need to know. We just need to stay calm.
...today at 4:15 pm the Fed will have a meeting on “FOREIGN EXCHANGE RATES”
This does not pop up on their calendar very often but today they are discussing foreign currency exchange rates at the Federal Reserve at 4:15 pm. Could this be what we are looking for? It’s possible.
Economist: Switching to electronic cards will allow the Central Bank to track the movement of the dinar
On Tuesday, economic expert Safwan Qusay stated that the transition towards using electronic cards for financial transactions would enable the Central Bank to monitor the movement of the dinar. He also highlighted that using cards will aid in launching new projects, generating employment opportunities, and preventing people from hoarding currency at home.
Qusay stated that the Central Bank would be able to monitor the dinar’s movement by utilizing the Ministry of Oil’s procedures to activate electronic cards at fuel filling stations. This will also help to reduce instances of corruption that may arise when supplying kerosene to generator owners.
“He stated that as the federal ministries increase their use of electronic cards in financial transactions, they will be able to shift away from paper dinars and move towards electronic transactions that directly enter the banking system.”
“He stated that by working with the electronic system for trading in the dinar, the currency can be moved instead of being stored in homes and companies. This will allow it to be placed in the banking system and re-injected in the form of projects and job opportunities.”