Iraqi Dinar🔥Rejoice IMF Announcement For IQD RV Holders Today 2023🔥iraqi...

"RV UPDATE" BY PIMPY, 23 DEC

 Pimpy 

 Remember the goal is to become a cashless society...Just because they're doing away with the US dollar has nothing to do with them changing the Iraqi exchange rate.  I did say IMO towards the end of the first quarter, the beginning of the second quarter you might see a bump in the Iraqi dinar exchange rate only because of supply and demand.  If they do away with using the US dollar and they start using Iraqi dinar more in country, that's going to strengthen the Iraqi dinar.  Plus there's going be a much larger demand for the Iraqi dinar because the dollar won't be around anymore for them to use...

 With them taking away the US dollar there's some logic to...an increase in Iraqi dinar.  Will they?  You're not going to see them go 1 for 1...   

Nothing would make me happier than to be wrong about this.  I would love to go, 'Oh, my gosh, everybody was right and I was wrong. Darn.'  As I take my dinar down to the bank...It's not that simple.  There are a lot of hurdles and...precautions countries have to take before you do anything that outrageous with your exchange rate.  The best you can hope for is it goes up in increments...You're not going to see any huge significant change in the Iraqi exchange rate despite the fact they're taking away the US dollar.

Plasschaert sends an end-of-year message to the Iraqis: Bright opportunities are on the horizon, 23 DEC

 Plasschaert sends an end-of-year message to the Iraqis: Bright opportunities are on the horizon

Shafaq News/ The Special Representative of the Secretary-General of the United Nations in Iraq, Jeanine Hennis-Plasschaert, confirmed today, Saturday, that Iraq has an excellent opportunity for rapid progress in its sustainable development.

Plasschaert said in an end-of-year message followed by Shafaq News Agency: “Going back to last year, I said that, with political stability and bright opportunities on the horizon, Iraq has an excellent opportunity to advance rapidly in its sustainable development, and a year later, several important steps and promising initiatives have already emerged.”

She added, “While the country is in a position to seize the many opportunities available to it, doing so will not be an easy task, and therefore, I can only echo the words of Secretary-General António Guterres during his visit earlier this year: “The United Nations is committed to supporting Iraq.” To consolidate its democratic institutions and advance peace, sustainable development and human rights for all Iraqis.”

She continued by saying: “On behalf of the United Nations family in Iraq, I wish you all a happy New Year full of peace and wellness.”

shafaq.com

"RV UPDATE" BY MARKZ, 23 DEC

 MarkZ  

 [via PDK]  Pretty quiet from Iraq so far today. One of my sources believe the local elections had some effect on our timing and are finishing the ballot counting before they release rates. If hes accurate…the counting should be finished in the next day or so, Possibly as early as today.  I have one source in Iraq who believes they will release the rate in Iraq as soon as they finish seating  these new electees. Possibly in a day or so or as early as today.

 So far this morning - very quiet…no real changes since last night. There is nothing negative…Just no news saying anyone is spending any money yet this morning. Maybe we will get more news throughout the day today.

Comment:  Iraq may be spending 80% of their 2023 budget to flood its citizens with dinar right before the RV.  MarkZ:  That makes a lot of sense. There was a lot of backlash in Kuwait because they did not do something similar. A lot of Kuwait people were caught without having Kuwait dinar because they were using US dollars. 

Iraqi Dinar✅IMF Confirms Iraqi Dinar Revaluation Finally-Iraqi Dinar New...

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 23 DEC

Frank26

  [Iraq boots-on-the-ground report]  

FIREFLY: Television special is saying we are seeking monetary sovereignty over the dollar. 

 FRANK:  Can't get any more straight forward to the point than that can we.  When they say the word Monetary they mean money...They want your currency to dominate...They have told you after January 1st you will not be using anything but your sovereign national currency.  To me that sounds like a currency that has great pride in being announced to the world.  A currency that is about to go up in value.  It does not sound like the continued sanctioned, programed rate that has robbed you citizens of your future...

FIREFLY:   Sudani has statement to us citizens to be on watch for change in the dinar pricing for goods in our market.  

FRANK:  Realize that Sudani is telling you there is a change coming to the exchange rate of your sovereign national currency...He told you to look for it.  That is simply amazing.  It is part of the monetary reform education that is so loud even the man on the moon can hear it. 

 FIREFLY:  Sudani didn't say the amount of the change that will occur, whether it was small or large.  He just told us to watch in our markets for the dinar to increase and the plan they had to devour the parallel markets is all but complete. 

 FRANK:  [Happy fist pump yes!] How much time is there left!?

Economic: For these reasons, dollar prices are gradually declining, 23 DEC

 Economic: For these reasons, dollar prices are gradual declining

On Saturday, the economic expert, Safwan Qusay, suggested that control over the exchange rate would continue and that it would gradually decline, attributing this to the fact that Iran and the sanctioned countries now have common financial systems that reduce the demand for the dollar from the Iraqi market or other markets.

Qusay told “ Jarida ”, “The policy of diversifying currencies at the level of Iraqi banks and the desire of merchants to obtain goods immediately away from the electronic platform by dealing in the Emirati dirham, the Turkish lira, the Indian rupee and other currencies, which can reduce the waiting period for these merchants.” Thus, part of the demand that was fed through the parallel market, especially for small merchants, withdraws into the banking system, and thus the demand for the dollar in the informal market gradually decreases.”

Qusay expressed his hope that “the Central Bank’s measures will succeed in finding an appropriate mechanism to deal with imports from the sanctioned countries, through the joint account window with Oman or Qatar, to feed the private sector, especially the Iranian one, with a portion of the funds supervised by the US Federal Reserve, so that the dollar will decline in the informal market.”

It is clear, according to Qusay, that “Iran has gradually found alternatives to the local market. It is dealing with Russia directly and with China, and part of the reason for the gradual decline, which may be below 1,500 during the coming period, is that the Iranians and the sanctioned countries have joint financial systems that reduce… “Demand for the dollar from the Iraqi market or other markets.”

He explained, “The volume of trade exchange with the Iranian side for the year 2023 decreased to 6 billion, while it had reached 10 billion dollars annually or more. This indicates that Iranian merchants have begun to deal with other countries such as China, India, and Russia, and thus the demand for those who trade has decreased.” By exporting goods and recovering their money from the informal market.”

At the conclusion of his speech, Qusay suggested that “control of the exchange rate will continue and it will gradually decline until it returns to the regular price, even after a while.”

jaredaiq.net