A Slight Increase In Dollar Prices In Baghdad And Erbil By The New Year, 2 JAN

A Slight Increase In Dollar Prices In Baghdad And Erbil By The New Year

2024-01-01 Shafaq News/ The prices of the US dollar recorded a slight increase against the Iraqi dinar, today, Monday, in the markets of Baghdad and Erbil, the capital of the Kurdistan Region.

Shafaq News Agency correspondent said that dollar prices rose with the opening of the main Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 152,250 Iraqi dinars against 100 dollars, while yesterday, Sunday, prices were 152,150 dinars against 100 dollars.

 Our correspondent indicated that the selling prices in the exchange shops in the local markets in Baghdad rose, as the selling price reached 153,250 dinars, while the purchasing price reached 151,250 dinars for every 100 dollars.

In Erbil, an increase was also recorded in banking shops, where the selling price reached 152,300 dinars against the dollar, and the purchase price reached 152,200 dinars against 100 dollars.  LINK

"RV UPDATE" BY MARKZ, 2 JAN

  MarkZ 

  [via PDK]   A lot of banking contacts are thinking we will see solid movement by the second…today on the first is a holiday and they are consolidating and moving things together…meaning possible announcements...There is a lot of fantastic chatter on what is going to. happen in the next 24 hours or so….

Comment:  I was in a Chase bank last week and noticed an entrance for private banking services. In the bank I noticed cubicles and training ongoing.   MarkZ:  Clearly they are preparing.

Question:  Do you still expect all currencies to go at the same time ?  MarkZ:   Yes…I still it expect it to all go at once. 

Everything still appears to be on track with a tremendous amount of anticipation for the next few days... There is a big push now to get the US military out of Iraq immediately. 

 “Iraq’s PM says government working to end presence of US led coalition forces in the country” Donald Trump once said that that when they reduced the numbers they would not completely leave the country until we have been paid for the war effort. So what does that tell us?  They are trying to get us out in “the next coming days” which means the RV needs to happen…as I understand it.  

This could be an indicator of how close we are.  Iraq is also indicating the problems with the parallel or black market selling the dollar would be done by the first.  Buckle up for this week…We may not make it by the first…but I believe it will be very close to it. 

Iraqi Dinar Breaking News, Iraq's Bold Move to De-Dollarize! CBI Officia...

A government advisor announces the entry into force of the 2024 budget , 2 JAN

  A government advisor announces the entry into force of the 2024 budget

1/1/2024

The economic and financial advisor to the Prime Minister, Mazhar Muhammad Saleh, announced today, Monday, that the 2024 budget has entered into force.

Saleh said {to Al-Furat News} that: “The federal general budget issued pursuant to Law No. 13 of 2023 is a tripartite budget, that is, it was enacted for three years, and therefore the entry into the new fiscal year 2024 has been automatic from today.”

He explained, "This is based on the adoption of the federal general budget for the year 2024, and the 12/1 exchange rule does not currently exist in accordance with the amended Financial Management Law No. 6 of 2019 until the beginning of the year 2026 if the financial situation at that time requires its application."

Saleh added, "This rule, i.e. disbursement 12/1, also depends on the timing of the 2026 budget legislation."

From: Raghad Dahham   LINK

"RV UPDATE" BY FRANK26, 2 JAN

 Frank26 

  Question: "Is there a chance de-dollariztion could be delayed...and they keep using the dollar?  No, no, no no no...You can't change the speed of light.  

 Question:  "What would be the punishment for using the dollar after the 1st?"  First time a big fine.  If you continue, a bigger fine and the third one, jail.

 Do we hold them or do we fold them? We have a lot to consider...  

  It's still at 1310...Right now.   Don't you understand [the dinar] is being put into a position to change the rate?  It's that simple.  It's not complicated.  It's that simple at this simple step...That's what you're seeing.  That's what you're witnessing. 

Question:  "Is Iraq going forward with only dinars as of January 1st?"  Yes and that is the key...the next 24 hours is a very important key to see if they use it to unlock the monetary reform....If the Iraqi citizens have absolutely no other currency but the dinar to use in their country...how are they going to do it with a 3-zero note that has almost no value to it?

Salah this morning BY NADER FROM MID EAST

The most important of which is security... Al-Rafidain lists seven advantages of electronic payment, 2 JAN

  The most important of which is security... Al-Rafidain lists seven advantages of electronic payment

1/1/2024

 Today, Monday, Rafidain Bank indicated 7 features of the electronic payment system in Iraq.
The bank stated, in a statement received by Al-Mutala’, that: “Electronic payment consists of:

1- Switching from dealing in manual cash to electronic cash.

2- Moving from a cash society to a cashless society and leaving cash payment to electronic card payment.

3- Collecting and collecting funds electronically.

4- Using POS devices in financial and commercial transactions.

5- Proceeding with plans for financial inclusion and digitization in banking transactions.

6- Establishing a culture of bank financial accounts instead of using direct cash.

7- Adopting an electronic card is safer than carrying cash and moving around in markets and other places.   LINK