Responding to Nadar and the answers to the 12 /1 exchange rate 01/06/24 BY PIMPY

Al-Fateh: Options are available to expel American forces from Iraq, 7 JAN

Al-Fateh: Options are available to expel American forces from Iraq

Baghdad…
Representative of the Al-Fatah Alliance, Karim Aliwi, confirmed on Sunday that all options are available to expel American forces from Iraq, through peaceful diplomatic measures or through the use of force to ensure that no American soldier remains inside Iraq.

Aliwi told Al-Maalouma, “The government has the authority to remove American forces from Iraq, especially since these forces have begun committing criminal acts inside Baghdad, and they must be confronted and expelled from the country.”

He added, “There is an urgent need to put pressure on the invading American forces and take all peaceful measures and methods or force against these forces to ensure their expulsion from Iraq, after they went too far and transgressed against the Iraqi people and national symbols.”

He stated that “the American forces do not have any loyal orders to remain on Iraqi soil, which necessitates unifying the position and using diplomatic and combat methods to expel these forces from Iraq and ensure that they do not return again to Iraqi lands.”

almaalomah.me

"RV UPDATE" BY SANDY INGRAM, 7 JAN

 Sandy Ingram

  What will it take for the Iraqi dinar to strengthen against the US dollar?  

Imagine a country as a business.  The Gross Domestic Product (GDP) is essentially its annual report showcasing the value of all goods and services produced.

  A high GDP indicates a booming economy...The currency rate on the other hand is a bit like a company's share price.  It's the global market's way of saying how much it thinks that...country is worth.

 The stronger the currency, the more confidence the world has in the country's economic stability and growth potential.   How does a GDP affect a country's currency rate?  

Simply, a higher GDP signals a stronger, productive economy.  This attracts foreign investors, who need to buy the country's currency to invest.  This surge in demand for the currency increases its value, or 'rate'...A rise in Iraq's GDP implies a healthier economy and a potential increase in the dinars value.  

Listen to this guy, he got courage wow BY NADER FROM MID EAST

Al-Sudani chairs a meeting to follow up on procedures for transitioning to electronic payment, 7 JAN

Al-Sudani chairs a meeting to follow up on procedures for transitioning to electronic payment

Baghdad..
Prime Minister Muhammad Shiaa Al-Sudani stressed, on Sunday, the importance of using electronic card payments, while noting that it is a basic pillar of economic reform.

The Prime Minister’s Media Office stated in a statement received by Al-Maalouma that “Al-Sudani chaired a meeting devoted to following up on the financial and economic transition to electronic payment, points of sale and financial trading with electronic cards (POS), in the presence of the Governor of the Central Bank, and the Prime Minister’s advisors for strategic, economic and banking affairs.” And Director General of Payments at the Central Bank.

The Prime Minister listened to “a briefing on the latest procedures and executive details for the transition to payment by electronic cards, in various public and private sector institutions, and what is being implemented by the agencies concerned with following up and monitoring the transition and use.”

He pointed out that “the use of electronic card payment and digital payment is a basic pillar of the economic reform adopted in the government program.”

The meeting witnessed a discussion of the tariffs and commissions charged by financial and banking authorities

The Prime Minister stressed that “citizens must be spared additional financial burdens as a result of these commissions,” explaining that “the goal is to facilitate dealing and facilitate payment in all fields, while ensuring the highest levels of security.”

almaalomah.me

"RV UPDATE" BY PIMPY, 7 JAN

 Pimpy 

 They're saying 12 to 1  [possibly revisit/consider the change in 2026].  If they implemented that tomorrow I would not have any dinar left over.  I'll take 12 to 1.  I can pay off my house as well as a lot of other debt and start all over debt free plus having pretty church of change to put toward my retirement.  [Note:  Use the free Dinar Guru Calculator at the top of this page to determine how much dollars that means to you.]

Community Comment "The bad part would be when you minus taxes on it."  Yeah, it's going to be capital gains tax...Whenever you're dealing with foreign currencies as an investment you're dealing with capital gains. [NOTE:  Speak to your tax professional at the appropriate time to determine the right tax for your unique situation.]

To see any real significant change in Iraqi dinar, no.  I just can't imagine that happening anytime really soon.  They're too dependent on oil.  As Iraq continues to change that situation that's better for Iraqis plus those holding on to the Iraqi dinar altogether. You can't rely on oil for 95% of your budget.  If oil crashes then guess what, so does that country.  Period. 

Middle East Secret? #iqd Rate Increase in Value Against the USD