DINAR REVALUATION

Monday, January 15, 2024

Pimpy live with Kyle and Ethan from Fundamentals of Finance 01/13/24

Al-Sudani: We issued instructions to facilitate the implementation of the law canceling financial privileges for officials, 15 JAN

Al-Sudani: We issued instructions to facilitate the implementation of the law canceling financial privileges for officials

Information / Baghdad..
Prime Minister Muhammad Shiaa Al-Sudani announced on Sunday the formation of committees and work teams to follow up and address lagging government projects and take the necessary measures to resolve them. Confirming that 71 corruption files were examined in various sectors through the complaints audit team, with an administrative investigation conducted in 24 cases.

Al-Sudani said in a press conference followed by Al-Maalouma that he “instructed the establishment of a committee to review previous contracts that showed significant circulation, and that a comprehensive evaluation of general managers and agents has already been completed.”

In an effort to restructure the government apparatus, the Prime Minister indicated the formation of a special committee for this purpose.

The Prime Minister confirmed “issuing instructions to facilitate the implementation of the law abolishing financial privileges for officials,” stressing “the importance of automating taxes and customs.”

He also directed “to issue controls to reform the tax system, with a shift towards electronic payment, and to achieve a unified account that shows the movement of funds in financial institutions,” calling for “supporting the private sector by government institutions and accelerating the completion of the final financial accounts for previous years.”

almaalomah.me

"RV UPDATE" BY MNT GOAT, 15 JAN

Mnt Goat

...in my conversation with my CBI contact on my Wednesday call...We...talked about...the monetary reform and where it stood. I was told it would take some time, maybe weeks or months even for the currency swaps to take the needed effect in leveling out the parallel black market rate for the dollar. But my contact seemed very optimistic that the plan now in place could move this rate quicker than expected even. But I was warned not to expect instant success as there is still a period of monitoring it for wide swings, in other words it needs to be stable...We can see that there has been more progress towards currency reform in the last 12 months than in the twenty years combined.

There is much prosperity and abundance coming our way this new year. Let’s all just be patient and stay calm.

Article: "SUDANESE ADVISOR: EXCHANGE RATES WILL REACH 135 THOUSAND PER 100 DOLLARS
SOON" If this really does happen we will be in great shape to see the one more program rate change we have been waiting for. But remember they will probably wait and monitor the rate to ensure it is first stable, How long we don’t know. But this is fantastic news today.

https://dinarevaluation.blogspot.com/2024/01/rv-update-by-mnt-goat-13-jan.html

Mnt Goat

Article: "SUDANESE ADVISOR: EXCHANGE RATES WILL REACH 135 THOUSAND PER 100 DOLLARS

SOON" If this really does happen we will be in great shape to see the one more program rate change we have been waiting for. But remember they will probably wait and monitor the rate to ensure it is first stable, How long we don’t know. But this is fantastic news today.

I believe we will not get out of January without seeing the project to delete the zeros and my CBI contact ...gave me assurances that this could be the case. Keep our fingers crossed nothing else interferes in the process.

I am told they fully intend to have this parallel market on target and under control within January...if they can accomplish this target, we know what their next move will be... We don’t need to speculate...We know as a FACT

https://dinarevaluation.blogspot.com/2024/01/rv-update-by-mnt-goat-10-jan_01633032198.html

This will change Iraq - its economy and its currency 01/14/24 BY PIMPY

Borrow in dollars and pay in Iraqi dinars…a new decision from the Central Bank, 15 JAN

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

"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