We have been watching some of the most fantastic news articles...We can clearly say we have the confidence Iraq is going to be going international...We see evidence of that in a lot of different ways...They're doing things in a big way...The U.N. is saying Iraq has emerged...
Iraq is going to go international. We don't have very long time to wait as far as what they are telling us . If they throw us a curve ball and we find out something different, don't shoot the messenger...I hope you have a Happy New Year and I think we're going to be moving forward with some really positive information.
Multi-currency practices are using more than one currency. For instance if you're using the dinar and the dollar, that's multi-currency practice within internal circumstances. That's going to go away.
The financial and economic adviser to the Prime Minister Mahar Mohammed Saleh, on Thursday, separated the government measures that contributed to curbing the dollar.
Saleh said {Euphrates News} that: “Credit cards, with their high flexibility in use, have provided a direct role in providing easy payments in foreign excres for travel purposes.” “The demand for foreign exchange was also met by withdrawing from the dollar accounts of citizens after banks were allowed to supply dollars from foreign foreign markets in cash for this purpose,” he added. Saleh pointed to “the trade regulation with neighboring Turkey to finance trade in Turkish lira through sober banking channels,” all these factors “have contained the noise of the illegal parallel exchange market.” He continued, “In addition to the role of economic policy in enabling the commercial arm of the state by providing an additional stable-priced commodity offer by adopting four additional baskets to provide basic commodities and supporting supplies to the market funded at the official exchange rate of 1320 dinars per dollar.” Saleh described this policy as “price defense, which led to the fall of growth in annual inflation to 3.7% currently, after that annual price growth was about 7% in the accounts of the beginning of the year.”
...there is always one news article to grab my attention and stands out from the rest...WOW, WOW, WOW news. It says that the purpose of foreign currency in Iraq is to deal with it outside the [national] economy, so it is not possible to consider the existence of a price in the dollar and a price in the dinar: one rises and the other falls. No monetary policy can control such a situation...Folks this is just what we have been waiting for so long to hear...This is huge news.
They are finally getting off the sanctioned use of ONLY US dollars for trade outside Iraq. Yes, they are beginning to act now like they are out of the UN 1991 & 2003 sanctions, that by the way, happened over a year ago. So, yes, it is about time. We all should be jumping for joy and maybe even taking a couple sips (I said just a couple) of that refrigerated champagne… lol.. lol.. lol. Save the rest for what is coming next and that includes going to the bank.
The Ministry of Commerce confirmed today, Thursday, that the country does not need to import any wheat from abroad during the next year 2024.
“Iraq’s store of wheat is still covered until the beginning of next season,” the ministry spokesman, Muthanna Al-Faraiji, told {Euphrates News}. He pointed out that “Iraq’s need for imported wheat for the purposes of mixing only and improving the quality of flour, but as a quantity, it covers Iraqi baskets, we do not need any external quantity.” “Do you know that Iraq will import 3.8 million metric tons of wheat over the next year to meet all Iraqi bread requirements?” US Ambassador to Baghdad Alina Romanowski said in a tweet on the X platform earlier today. “U.S. companies will help meet the growing demand for wheat in Iraq while the Iraqi government increases locally grown wheat production,” she added.
Question from Yolanda: We purchased our dinar almost 20 years ago so I do not have any idea where to go to purchase any longer. Can you tell me where we can go to purchase? THANK YOU for all you do!!! Yolanda Rathbun
Mnt Goat Answer: Guten tag Yolanda. Hope you had a very nice Christmas. Wishing you and your family a Happy New Year! 😊 I too purchased most of my dinar many, many years ago and have not kept up with anywhere to purchase more. I have what I have and will NOT over speculate. This can get out of hand and so buy only what you can afford. I can remember the advice given to me way back 17 years ago. Don’t buy currency on of Ebay, Amazon or any stranger selling them. There are many people losing due to counterfeits. Buy only from reputable internet brokers or banks that will certify the authenticity of the notes. I find most internet dealers will stand by their guarantee. I was also told to file away your receipt of purchase just in case the IRS needs it for tax reasons later. Put them under a blue light when you get home and you should be able to clearly see the security marks on the paper. Do this as soon as they arrive at your home. If counterfeit return immediately and demand shipping costs to return them. If they refuse, then notify them you are going to report them to the authorities and see how fast they jump to help you.., lol..lol..lol..
There are plenty of internet sites still selling dinar. Just google “buy dinar” and they all jump out at you. The intel guru Frank26 also sells dinar and dong and we know he is a reputable salesman, even though he is a very, very strange, deranged person. Good Luck!