Iraqi Dinar✅Some Positive Developments For Iraqi Dinar-Iraqi Dinar News ...

"ANALYSIS OF IRAQ NEWS" BY FRANK26, 10 JAN

 Frank26:   "MONETARY REFORM GIVES 7 FEATURES OF SECURITY & STABILITY FOR THE FINANCIAL STRUCTURE.".............F26

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

(1/9) Iraq Dinar - Current Information

"ANALYSIS OF IRAQ NEWS" BY FRANK26, 10 JAN

 KTFA:

Frank26:  "THE DOLLAR IS NO MORE FOR IRAQI CITIZENS... EXCEPT FOR TRAVEL & MEDICINE"............F26

 Al-Rasheed Bank: Opening the platform for travelers wishing to buy dollars at eight o’clock in the evening

1/2/2024

 Al-Rasheed Bank announced the opening of the platform for travelers wishing to buy the dollar at exactly eight o’clock this evening, Tuesday.

 A statement from the bank, a copy of which {Al-Furat News} received, stated: “The new mechanism requires advance reservation for the traveler by entering the link on the bank’s official page to obtain the reservation that enables him to visit the branch to deliver Iraqi cash and receive the dollar from the bank branch inside Baghdad International Airport.” .

He added, "This procedure will make it easier for the citizen to buy the dollar smoothly," stressing that "the data must be entered in the fields correctly so that the reservation process can be completed successfully."

For the purpose of reservation,  click here   LINK

"RV UPDATE" BY PIMPY, 10 JAN

  Pimpy 

 You guys out there think I don't know what I'm talking about because you don't listen.  I never said the exchange rate is going to be 12 to 1 in the year 2026.  I said the article that talks about the 12 to 11 exchange rate I found it interesting because they're talking about revisiting that in 2026.  What I'm curious about is if they're going to finally allow the Iraqi people to have access to that 12 to 1 exchange rate or is it just going to be used for other purposes like it was last time...

   12 to 1 is better than nothing.   A lot of people will get out...If it goes 12 to 1 95% of the people are going to jump the hell out of it.  They'd be scared that something would happen and screw everything up.  They'll take it.  I'll take 12 to 1.  I'm not greedy. I'll take 12 to 1, that gives me $333,000.  I'd be very happy with that.  Don't get me wrong, I would take more but I'd be very happy with that.    [Note:  Use the Dinar Guru Calculator to determine how much USD you'd make.  Link is at the top of this page.]

ou'll see changes IMO after the end of the 1st quarter of this year.  I might be wrong on that but I'm anticipating.  With all the trading they're doing, the fact that they got rid of the dollar, that is going to cause the Iraqi dinar to increase in value to the point where they might have to change the exchange rate...But any major major changes like 12 to 1 that's not small.  That's a big change in the exchange rate.  

Breaking News Iraq's Electronic Platforms for Visa and MasterCard Launched!

In a lengthy answer… Al-Sadr responds to demands to end his retirement from political work, 10 JAN

In a lengthy answer… Al-Sadr responds to demands to end his retirement from political work

Shafaq News/ The leader of the Sadrist movement, Muqtada al-Sadr, confirmed today, Tuesday, his position of refusing to engage again in political action in Iraq, strongly denouncing the continued spread of “corruption” within the country.

This came in a lengthy response to demands urging him to return to the political process, according to what Al-Sadr published on the “X – Twitter” website previously.

Al-Sadr wrote, defending his movement, “After many thought that the reasons for the failure of successive governments in Iraq were the existence of what they call the (Sadr movement), and the fact that its presence therein creates disagreements between the government parties, or what they claim is the presence of corruption within the movement and infallibility in the rest.” Parties belong to some with hateful hearts and vengeful minds. After our withdrawal from the corruption of the government and the corrupt government, it became clear to them that failure, delay, dependency, poverty, tyranny over the necks of the poor, the spread of militia terrorism, and abandonment of rights and appeasement with the occupier became apparent to them.”

He added, “Some of them were certain (..) that the movement was innocent of what was attributed to it from the tongues of lies, hypocrisy, quackery, pages of sedition, and pretenders to the doctrine (..) in order to share power, and elections that the people abandoned against the will of the corrupt,” in reference to the Shiite political parties opposed to the Sadrist movement.

The Sadrist movement, under the guidance of its leader Muqtada al-Sadr, boycotted the local elections that took place in Iraq at the end of 2023.

Al-Sadr also said, “I do not mean a specific party. Everyone is either corrupt or allied with the corrupt, even those who demanded reform a while ago or allied with reform a while ago.”

On June 15, 2022, the leader of the Sadrist movement, Muqtada al-Sadr, said that he had decided to withdraw from the political process in the country and not to participate in any future elections so as not to partner with “corrupt” politicians.

After the withdrawal of the Sadrists, the coordination framework, which includes all the Shiite forces except the Sadrist movement, was able to form the government in agreement with the Kurdish and Sunni blocs, in October 2022, headed by Muhammad Shiaa al-Sudani.

The leader of the Sadrist movement went on to say, “Today, many people are asking me to stand up after they complained about my frequent retirement, and then to come back. What a surprise, then what a surprise.”

He continued by saying: “Yes, they are demanding that I change after they abandoned me, and the migration of the reform revolution and its green tent, and they thought poorly of me, and thought that I was seeking power or rule, so I seek refuge in God from the power of corruption.”

After announcing the results of the legislative elections that took place in 2021, the young Shiite leader Muqtada Al-Sadr formed an alliance called “Saving the Homeland” with the Kurdistan Democratic Party bloc, and the “Sovereignty” alliance, which included Sunni blocs led by the politician Khamis Al-Khanjar and the sacked Speaker of the House of Representatives, Muhammad Al-Halbousi. .

The Sadrist bloc had obtained the highest votes in the early legislative elections that took place in October 2021, but the efforts of the leader of the movement failed to form the new federal government as a result of the Shiite coordination framework standing in its way by obtaining a fatwa from the Federal Court regarding the so-called blocking third in the contract. The session to elect the President of the Republic, paving the way for the nomination of the Prime Minister.

shafaq.com