Borrow in dollars and pay in Iraqi dinars…a new decision from the Central Bank
Baghdad – 964
According to a document issued on January 9, 2024, the Central Bank directed licensed banks to allow borrowers to repay debts in Iraqi dinars.
964media.com
Monday, January 15, 2024
Borrow in dollars and pay in Iraqi dinars…a new decision from the Central Bank, 15 JAN
"RV UPDATE" BY SANDY INGRAM, 15 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.
https://dinarevaluation.blogspot.com/2024/01/rv-update-by-sandy-ingram-7-jan.html
What would it take for the Iraqi dinar to strengthen against the US dollar? The answer lies in economic development and stability. The Development road project...aims to boost Iraq's GDP by improving infrastructure, fostering foreign investment and stimulating economic growth... With the right steps and sustained growth the dinar's narrative can only get stronger.
The Iraqi dinar is not on the Forex market, yet. The Iraqi dinar is an exotic currency, as is the Vietnam dong... Currencies are traded in pairs on the Forex Market. The 3 main types... majors, minors and exotics...The more liquid an asset the easier and more efficient it is to turn it back into cash. Major currency pairs have the highest trading volume... Exotic currencies...are not traded that often. There is little technical analysis or data available to support trading decisions for exotic currencies.
https://dinarevaluation.blogspot.com/2024/01/rv-update-by-sandy-ingram-6-jan.html
Parliamentary Integrity intends to issue its report on major corruption files, 15 JAN
Parliamentary Integrity intends to issue its report on major corruption files
Information / Baghdad..
The Parliamentary Integrity Committee confirmed, on Sunday, the existence of high-level coordination between the Integrity Commission and state institutions to uncover major corruption files.
Committee member Bassem Khashan said in an interview with the Maalouma Agency, “There is direct action to uncover corruption files and recover the stolen funds.”
He added, “In the coming days, he will issue an important report on corruption crimes,” pointing out that “his committee is making great efforts to uncover corruption operations, prevent waste and theft of public money, and expose the corrupt.”
Khashan confirmed, “There are many crimes that have been revealed by the Parliamentary Integrity Committee, and a detailed report will be issued explaining all the files.”
The Parliamentary Integrity Committee had previously confirmed to the “Al-Ma’louma” agency that it would soon begin opening the most dangerous corruption files related to state real estate, while indicating that there was a parliamentary government approach to restore the offices of general inspectors.”
almaalomah.me
"RV UPDATE" BY GOLDILOCKS, 15 JAN
GOLDILOCKS
Bitcoin is a convertible virtual currency. This is why we witnessed gold beginning to track Bitcoin on the first day of its introduction (ETF) onto the markets.
Gold tracks currency. Be it cryptocurrency or paper currency, gold will support them as an underlying asset. In the new economy, tokenized assets are supported by gold and other commodities. This will give us a stabilizing effect capable of deflating and inflating the economy through gold.
Back to currencies and cryptocurrencies, we are about to witness more tokenized assets and ETFs come on board with the new digital asset-based trading system. Some of these new assets will be Stablecoins.
Stablecoins are representations of our paper currencies and digital values inside the new payment systems we will be utilizing. Yes, they will be tracked and supported by gold giving them a stronger value.
Gold serves as a hedge for declining currencies and issues with inflation. When Stablecoins begin to make their way into this new Digital Market, it will be important to keep our eyes on their relevance to our paper currencies. Gold as a strategic asset - Reuters
© Goldilocks
Sunday, January 14, 2024
Al-Fatlawi: America will not risk trying to impose sanctions on Iraq, 15 JAN
Al-Fatlawi: America will not risk trying to impose sanctions on Iraq
Information / Baghdad…
Ali Al-Fatlawi, a member of the Al-Fatah Alliance, confirmed that Washington is benefiting from the Iraqi funds in its Federal Bank, represented by oil revenues, and will not risk trying to impose sanctions on Iraq because it will lose these amounts that it controls.
Al-Fatlawi told Al-Maalouma, “There is a common mistake and fear among some parties about America’s withdrawal from Iraq and the imposition of sanctions on the country as a result of this withdrawal, but the reality of the matter is completely different.”
He added, “America does not seek to lose Iraq, as it is a country that benefits from the energy represented by Iraqi oil, especially since it controls the revenues and thus imposes economic authority on Baghdad, since all oil money and revenues go to the Federal Bank.”
He stated that “America is benefiting from the Iraqi funds it has, and therefore it will not resort to imposing sanctions in response to what is happening to it in Iraq. On the contrary, it may withdraw as a result of the pressure it faces and the operations carried out by the resistance against its forces inside Iraq.”
almaalomah.me
Subscribe to:
Posts (Atom)
-
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...
-
Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
-
Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...