Don't get me wrong, they're going in the right direction. They're taking the right steps to strengthen their economy to strengthen the Iraqi dinar but if you're thinking this is going to happen overnight, you are sadly mistaken...The Iraqi dinar IMO is going to go up in increments. I still believe you're going to see an increase in the first quarter of this year.
What's attractive about coming over to Iraq to do business is the fact that the currency is so cheap, that labor... production...and product cost are all cheap as well.
Why do you suppose Nike gets their shoes made in China? Because...they pay $5/month and then bring the shoes over here to America and sell them for several hundred dollars. Do you see the huge profit margin.
That's the same thing with Iraq. The currency is so cheap the companies would rather do business in Iraq ...because of the cheap labor...When they increase the exchange rate it's more costly for labor, products and production...Do you think they want this low exchange rate? Yes. And...they want it much lower. They don't give a shit.
Shafaq News/ A government source reported, on Saturday, that Prime Minister Muhammad Shiaa Al-Sudani will participate in the World Economic Forum in Davos, Switzerland.
The source told Shafaq News Agency, “Prime Minister Muhammad Shiaa Al-Sudani is participating in the World Economic Forum in the Swiss city of Davos in its fifty-fourth edition, which will begin its work on the fifteenth of this January.”
This year’s edition of Davos carries the slogan “Restoring Confidence,” and will focus on the conflict in the Gaza Strip, along with issues of global concern, such as climate and artificial intelligence. The forum is supposed to witness the participation of heads of 100 governments and representatives of 1,000 international organizations.
Government spokesman Bassem Al-Awadi had confirmed earlier today, Saturday, that the Council of Ministers session would be postponed to tomorrow, Sunday, instead of Tuesday, which witnesses the holding of the Council’s regular sessions every week.
Question: "Is the US government placing a hold on the currency revaluation to keep people from becoming wealthy?"
No, our government has nothing to do with the monetary reform of the Central Bank of Iraq...We did everything possible to make them modern and they are. But can we tell them, Okay go ahead do it now?
No. It is strictly their prerogative.
The lower denoms to me is the most top secret subject of the monetary reform of Iraq. The lower denoms and the new exchange rate that they have selected through the RV process. That to me is the most critical piece of information to release and that should be released in the last seconds of the monetary reform.
Question: "Do you feel the dong will go with the dinar?"
I believe the dong is still a little bit behind the race of the monetary reform. I believe Vietnam has a lot of issues with China. I believe Vietnam ...dong has great potential...But unfortunately it is being shackled ...retarded ...abused by the banking policies that China continues to use...
Information/private.. Today, Saturday, the Al-Fatah Alliance explained the reasons for the American forces’ insistence on remaining in Iraq, while stressing that Washington does not want to leave Iraq “at all.”
The leader of the coalition, Aed Saheb, said in an interview with the “Al-Ma’louma” agency, “America does not want to leave Iraq, given that this region contains the two most important trade corridors around the world between the East and the West, which are the Suez Canal and the port of Al-Faw.”
He wondered: “If the Al-Faw port were to be completed, it would either be an alternative or a solution to the Red Sea and the Suez Canal for the passage of global trade,” pointing to “the global energy market, which depends mainly on what is present in the region, especially as it supplies the world with more than 33%.” “.
The leader of the Al-Amiri coalition explained, “Most of the countries in the region are partners of America, and have allied themselves with the Zionist entity, and therefore Washington came to Iraq to preserve its interests, and this matter made it pay and provide what it provided over the past years, in terms of money and support to this or that party.”
Earlier today, Acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, called on the government to implement the decision to end the foreign presence in Iraq, indicating that the House of Representatives’ decision to end the presence of foreign forces in Iraq is a principled and firm decision.
Most of the Iraqi political forces issued their support for the Prime Minister regarding the steps to remove American forces from Iraq after a series of attacks against the Iraqi security forces.
AKI: There are many Iraqi citizens in the United States of American holding 3-zero notes. It is my job to collect them for the CBI, where they will destroy them. Our [job] is to turn in the 3-zero notes.
WALKINGSTICK: This is huge!
AKI: Agree. Direct deposit from now on. No limitations. Article VIII not only for the citizens but for investors.
[Aki - Iraq Bank owner in US update]
Question: "The new orders you got on January 1st, are they for you to dispense the lower denoms and collect 3 zero notes?"
Here in the Untied States we are preparing to do everything with electronic platforms...We are prepared to collect the 3 zero notes from those that wish to exchange them for American dollars...We follow International banking laws, the same laws American banks follow. Here in the United States the bank that I am in charge of will be all electronic.
When you ask about the LDs they are only found in Iraq. We do not possess them. Iraq will give to the Iraqi citizens, when the time comes, physical lower notes and coins and collect three zero notes...The difference is that here in the US I have to do everything electronic where my friends in Iraq, their banks can do it electronic or physically if they want the lower denoms and coins in their hands .
There are many Iraqi citizens in the United States of American holding 3-zero notes. It is my job to collect them for the CBI, where they will destroy them. Our [job] is to turn in the 3-zero notes. WALKINGSTICK: This is huge! AKI: Agree. Direct deposit from now on. No limitations. Article VIII not only for the citizens but for investors
[Aki - Iraq Bank owner in US update]
Question: "The new orders you got on January 1st, are they for you to dispense the lower denoms and collect 3 zero notes?" Here in the Untied States we are preparing to do everything with electronic platforms...We are prepared to collect the 3 zero notes from those that wish to exchange them for American dollars...We follow International banking laws, the same laws American banks follow. Here in the United States the bank that I am in charge of will be all electronic.
When you ask about the LDs they are only found in Iraq. We do not possess them. Iraq will give to the Iraqi citizens, when the time comes, physical lower notes and coins and collect three zero notes...The difference is that here in the US I have to do everything electronic where my friends in Iraq, their banks can do it electronic or physically if they want the lower denoms and coins in their hands.