Tuesday, January 9, 2024
"RV UPDATE" BY MARKZ, 10 JAN
MarkZ
[via PDK] There are a lot of folks looking squarely at today through the 14th-15th...we are very much sitting at the edge of our seats…again...I do feel like we are close to it being over.
[via PDK] Article: “Iran backs Iraqi call to end presence of US led forces”
Many around the world are pushing this…it is one of the key pieces for us…the removal date appears to be imminent ... Flash back to an interview that Donald Trump did…he said to get us out-we will be gone as soon as they pay us. It looks like we are leaving…so what does that tell you?
“Iraq issues $1.5 Billion reconstruction bonds” These are based on US pricing but in Iraqi dinar.
...on the group side I am hearing very positive things. They are specifically looking at dates between the 9th and the 14th of this month. This does give us a range to look at...
https://dinarevaluation.blogspot.com/2024/01/rv-update-by-markz-9-jan.html
Iraqi Stock Market Soars with 97% Annual Gain: An Indication of Economic Upswing, 9 JAN
Iraqi Stock Market Soars with 97% Annual Gain: An Indication of Economic Upswing
The Iraqi stock exchange, represented by the Rabee Securities Iraq Stock Exchange (ISX) index, has concluded the year with an astounding 97 percent rise in terms of the United States Dollar (USD). This remarkable upswing offers a strong indication of positive economic growth and reinforces investor confidence in the Iraqi market.
Al-Ameen Estate Investments: A Stellar Performer
Amidst the impressive market performance, Al-Ameen Estate Investments stands out with an extraordinary increase in its stock value. This real estate investment firm witnessed its stock surge by an unprecedented 500 percent, leading the charge in the ISX’s successful year.
National Islamic Bank: A Year of Decline
Contrasting the overall market trend, the National Islamic Bank experienced a significant setback. The bank’s value more than halved over the same period, a stark deviation from the positive momentum seen in the broader ISX index.
The Role of Currency Exchange Rates
Integral to the discussion of the stock market’s performance are the currency exchange rates, specifically the selling price of the USD by banks, non-bank financial institutions, and the Central Bank of Iraq (CBI). These financial data points provide context to the trading activities and valuations of the Iraqi companies listed on the ISX, hinting at the broader economic factors potentially influencing the market dynamics.
In conclusion, the Iraqi stock market’s robust performance in the past year paints a promising picture for the country’s economic prospects. While individual performers like Al-Ameen Estate Investments and the National Islamic Bank show varied results, the overall surge in the ISX index signifies a growing investor confidence in the Iraqi economy.
"RV UPDATE" BY WALKINGSTICK, 9 JAN
Walkingstick
Just because you didn't see it...hear it...read it...doesn't mean it hasn't happened or in the process of happening.
All systems for the monetary reform are in place, they're just not linked yet. The uplink is not on yet...Many months ago the CBI told her banks to be prepared to be ready on January 1, 2024 because of all the banking system would be in place before '24...
What they're doing right now is they're telling the citizens what they need to hear for the next step of the monetary reform...Once the lower denoms are announced the exchange inside Iraq will move even more quickly. You know how - through a float. Citizens want this movement to occur now. Citizens want their purchasing power.
https://dinarevaluation.blogspot.com/2024/01/rv-update-by-walkingstick-7-jan.html
All systems for the monetary reform are in place, they're just not linked yet. The uplink is not on yet...Many months ago the CBI told her banks to be prepared to be ready on January 1, 2024 because of all the banking system would be in place before '24...What they're doing right now is they're telling the citizens what they need to hear for the next step of the monetary reform...Once the lower denoms are announced the exchange inside Iraq will move even more quickly. You know how - through a float. Citizens want this movement to occur now. Citizens want their purchasing power.
The closer we get to this monetary reform, much more will be revealed...So much is already being revealed and put in print but as we get closer you will see so much more.
Iraq Sees a Surge in Electronic Fuel Payments, Paving the Way for Digital Adoption, 9 JAN
Iraq Sees a Surge in Electronic Fuel Payments, Paving the Way for Digital Adoption
In a decisive move towards digitization, Iraq’s Oil Products Distribution Company has declared a substantial increase in fuel supply rates via electronic payment cards. Hussein Talib, the firm’s General Manager, unveiled these figures, marking a significant milestone in the nation’s journey towards embracing digitized payment systems.
Triumph of the Trial Phase
The electronic payment solution was initially introduced in Baghdad in April of the previous year and has since expanded to other governorates. An impressive sales growth was reported, leaping from 35 million dinars in the debut month to a staggering 350 million dinars by November. This exponential rise in sales is a testament to the successful trial phase of the service.
Complete Transition on the Horizon
According to Talib, the first quarter of the current year is slated to see a complete shift to electronic payments across the country. The Oil Products Distribution Company has teamed up with licensed electronic payment companies authorized by the Central Bank of Iraq (CBI). This strategic coordination aims to facilitate the transition and ensure a smooth shift for all stakeholders involved.
Embracing the Benefits of Digital Payments
Talib has appealed to Iraqi citizens to adopt the digital payment method for fueling. His call to action emphasizes the need for users to familiarize themselves with the service and understand its benefits. As Iraq steps into a new era of digitized transactions, this move could be a significant catalyst for the nation’s digital economy.
Will Iraq Take The Adventure Of Joining BRICS Despite American Risks?, 27 NOV
Will Iraq Take The Adventure Of Joining BRICS Despite American Risks? November 27, 2024 Baghdad/Al-Masala: At a time when the US dollar h...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...