DINAR REVALUATION

Tuesday, December 26, 2023

What Are The Reasons For The Continuous Decline In Dollar Exchange Rates?.. A Parliamentarian Answers, 26 DEC

What Are The Reasons For The Continuous Decline In Dollar Exchange Rates?.. A Parliamentarian Answers, 26 DEC

Economy | 12/25/2023 Mawazine News – Baghdad Member of the House of Representatives, Suhaila Al-Sultani, on Monday explained the reasons for the decline in the dollar exchange rates after months of rise, while confirming that the results of the successful measures and decisions taken by the government and the Central Bank have begun to be translated into reality.

Al-Sultani said in an interview followed by Mawazine News, that “the dollar exchange rates will witness a significant decline in the local markets compared to the rise that the parallel prices reached in the previous period,” noting that “the government’s continued taking the right steps in this file will reduce the gap between the official and parallel rates.” almost".

She continued, "The campaign of arrests and prosecution of currency speculators had an effective role in keeping the Iraqi dinar from collapsing," adding that "the Central Bank's decisions work to match the parallel and official dollar exchange rates."The member of the House of Representatives added, “Controlling the dollar file, in light of the major violations in this file, will not be instantaneous and will need a period of time in order to impose it on the local markets,” noting that “the results of the successful measures and decisions that the central bank government took have begun to be translated on the ground.” reality". https://www.mawazin.net/Details.aspx?jimare=239605

Coffee with MarkZ. 12/26/2023

"THE IQD WILL GO INTERNATIONAL BEFORE THE END OF THE YEAR" BY WOLVERINE, 26 DEC

Mon. 25 Dec. Wolverine:

1: Received an official announcement from a representative from Zurich signed and stamped that everything is about to get release by the 15th January 2024.

Hopefully we expect movement on the 2nd January. 2: I have spoken to lots of my contacts including the Admiral contact and they all said that they are expecting to receive 1% payment before the end of month. These contacts have official contracts signed and have it promised to have it release before the end of the end of the year.

I have also received contact from platforms from Hong Kong and they also said before the end of the year. 3: Tomorrow (last day in Colombia) have a meeting with Mauricio and hoping to get more information and see where we are at the moment. Mauricio is only waiting for the bank in Colombia to release the funds. 4: I prefer to stay conservative and say the 15th. There is a good chance that the currency will go first before the bonds do before the end of the year because as at the 1st of January 2024 the fiat money will become obsolete and replace by asset back currency.

I’m pretty certain that the dinar will go international before the end of the year. The Pentecostal group will start to release their funds to their leaders from the 27th December and they in turn will start dispersing those funds to their members from the 27th December to the 15th January 2024. I’m also hearing from other groups including my contact from the admiral and platforms such as Hong Kong, members that have contracts signed and lawyers all saying that will go by the 27th December for the bonds.

Vietnam Rate Year End Financial Summary Good News for 2024 BY SANDY INGRAM

Kurdistan Is Awaiting A Decision From The Central Bank Of Iraq To Prevent Dealing In Dollars, 26 DEC

Kurdistan Is Awaiting A Decision From The Central Bank Of Iraq To Prevent Dealing In Dollars, 26 DEC

The Minister of Commerce in the Kurdistan Government confirmed that the region only adopts the Iraqi dinar in transactions at the level of border crossings and airports, and said that measures to prevent the circulation of the dollar will include the real estate market, car trade, and other activities during the next year, if a decision is issued to that effect by the Central Bank of Iraq.

Kamal Muslim, Minister of Trade in the Regional Government, indicated that we are committed to all instructions and decisions regarding stabilizing the dollar exchange rate and increasing the value of the Iraqi dinar, as we deal in the Iraqi dinar exclusively at the level of border crossings and airports.

Emphasizing on the market level as well, we will commit to imposing dealing in the dinar if a decision is issued by the Central Bank requiring that it be used in all market transactions, such as buying and selling goods, homes, and cars in the Kurdistan region.

The Central Bank of Iraq decided earlier in 2023 to limit all local transactions to the Iraqi dinar, and after that the Ministry of Interior launched a campaign to prevent dealing in dollars in all governorates with the exception of the Kurdistan region, while indicating that the penalty for violating the law reaches 5 years in prison. https://www.radionawa.com/all-detail.aspx?jimare=36771

JUDY NOTE, 26 DEC

Judy Note:

It is my personal opinion, and I could easily be wrong, that since on Sun. 31 Dec. 2023 the USD will be removed from US ATMs and the next day on Mon. 1 Jan. 2024 the new gold/asset-backed US Note cash will be introduced into US ATMs, plus since the new Global Financial System was believed to be going online for the General Public on Mon. 1 Jan. 2024, and since the majority of Zim redemptions that were backing the reset, needed to complete by that same Mon. 1 Jan, that Tier4b (us, the Internet Group) notification window to set foreign currency exchange/Zim Bond redemption appointments could very well be between Tues. 26 Dec. and Sun. 31 Dec.