DINAR REVALUATION

Wednesday, January 3, 2024

Al-Fateh rules out America resorting to imposing sanctions on Iraq, 4 JAN

Al-Fateh rules out America resorting to imposing sanctions on Iraq

Information / Baghdad…
On Wednesday, Ali Al-Fatlawi, a member of the Al-Fatah Alliance, ruled out America’s intention to impose economic sanctions on Iraq, pointing out that Washington is benefiting from the oil file and its sales and considers it its trump card.

Al-Fatlawi told Al-Maalouma, “America benefits from Iraq through the energy and oil issue, which is its trump card that it seizes from the Iraqi people, as Iraq does not have economic sovereignty.”

He added, “The lack of this sovereignty is due to Washington’s control over the oil revenues that are transferred to the US Federal Bank. Therefore, Washington, despite its control over these amounts, seeks to keep this card and not stand against Iraq economically.”

He stated that “the withdrawal of American forces from Iraq will be in the interest of Washington, in that it will preserve the lives of its forces, especially since the resistance is in the process of escalating its operations against the American occupier,” ruling out that America will resort to imposing sanctions on Iraq because it will lose the trump card represented by the oil file and revenues. His sales that he converted to.”

almaalomah.me

"RV UPDATE" BY MNT GOAT, 4 JAN

Mnt Goat

...2023 was an outstanding year for progress in the currency monetary reforms in Iraq. I could hardly believe that so much was done in such a short period of time, if you compare the other 20 years since the 2003 invasion. In today’s news we read multiple articles talking about all this progress and how they have so far managed to get the parallel rate from 160,000 to 145,000. This is very close to the official CBI rate of 132,000, but not yet there as they expected. My CBI contact is telling me they still want to bring it closer and more stable...It’s all very good signs but now there yet.

My CBI contact tells me they do need it closer and stable and when it does, they will trigger another CBI official rate revaluation. But this will still be the program rate not what we want. We need to keep our eyes on the CBI “official” rate. When this rate drops again, I was told they will move ahead on the project to delete the zeros.

They want to accomplish this in the month of January and are optimistic they can. So, this is the very good news for today to kick off the new year.

International Collaboration Iraqi Dinar Exchange Rate System Fixed, Free...

The National Bank of Kuwait increases its stake in the Credit Bank of Iraq, 4 JAN

The National Bank of Kuwait increases its stake in the Credit Bank of Iraq

The National Bank of Kuwait decided to increase its share in the capital of the Iraqi Credit Bank, by adding 50 billion dinars.

The Central Bank of Iraq agreed for the National Bank of Kuwait to pay an amount of 50 billion dinars as a first payment in order to bring the bank’s capital to 400 billion dinars.

According to a statement issued by the Credit Bank of Iraq, the National Bank of Kuwait paid an amount of 50 billion dinars on December 27, 2023, as a first payment under the capital increase account, on its own behalf and on behalf of all shareholders.

This increase comes within the framework of the National Bank of Kuwait’s efforts to strengthen its position in the Iraqi market and support the growth process of the Credit Bank of Iraq.

It is noteworthy that the National Bank of Kuwait owns 91% of the Iraqi Credit Bank.

nrttv.com

"RV UPDATE" BY FRANK26, 3 JAN

Frank26

2023 was the year of preparation for the monetary reform to be revealed. We are now in that position. We are now in the position that the monetary reform is being revealed to the citizens of Iraq. One of the things that is happening, and I pray that it happens faster, is the value of the Iraqi dinar is going up every day causing the dollar to go down...down...down...

Once they reach a certain plateau that they're looking for then they're going to float the currency. That's why they've educated the citizens of Iraq about the float...

Question: "...Some of the banks I called said they're going to send them to another bank and inspect them and then bring them back?" What happens if the Brink truck as it's driving to the the other bank gets robbed? 'We will replace the dinar.' No you won't. You'll replace the value, which is ka-ka right now. Don't ever lose site of your dinars. I told you take pictures. You just need pictures of the front of your dinar not necessarily the back. The front has the batch number and the serial numbers. That's what's important.