I've had people say can you make an argument for the $3.22 rate? Yep. Can you make an argument for the $1.17 rate. Yep I can. I can make an argument for all these different rates easily but there's a difference between making an argument for what you want versus the reality of things of what's going to happen.
This was a concern, Iraq was definitely on the right track but it appears that at no fault of their own their country is being bombed by two different nations [Iran and Turkey]. Let's just hope whatever is going on it gets over with quickly so that Iraq can get back on track...
If I'm being honest I'm expecting a small increase in the exchange rate in this budget. I told you in the first quarter of this year I was expecting it. But the last thing you need is all these headaches with bombings in Iraq and all the crap that's going on all the way around them...
[via PDK] Militia Man: Last July Al Alaq said the “Drop the 3 zero” project still exists. Not a lop…. They are going to add value to the dinar and adjust the exchange rate... A good thing is Sudani keeps warning the citizens that the dinar is going to be stronger then the dollar…he said it more than once.
MarkZ: Iraq is positioned well for the world wide economy...
Militia Man: Iraq is going to be a very wealthy country.
Article: “Iraq recalls ambassador from Iran after missile strikes-Ministry”
MarkZ: This is concerning while we watch what is going on in the middle east. There were missile strikes launched from Iran to the Kurdish region of Iraq.
Question: Do you think the attacks on our embassy…in Erbil, Kurdistan will hinder/delay the RV?
MarkZ: To me this doesn’t change what’s going on economically…and if anything may put the pressure on to move things faster.
Militia Man: Iran is in a pinch…their cash cow is going away. Stopping the graft at the Iraq border will stop their ability to do the money laundering and smuggling through customs. So, imo this attack is blow back….
Shafaq News/ Prime Minister Muhammad Shiaa Al-Sudani expressed, on Thursday, his optimism about the general economic situation in Iraq during the next twenty years.
This came in statements he made during the dialogue session within the work of the Davos Economic Forum held in Switzerland.
He was asked about his vision of the Iraqi economic future during the next twenty years, and he replied: Yes, Iraq will be completely different for the better.
He added that Iraq is moving at a steady pace, and I believe it benefits from the support of the people of all its components and sects, and this is the source of its strength until now,” stressing, “We build our plans and programs in the spirit of partnership, understanding and consensus among the people and through its constitutional institutions we create a new economic vision, and we are facing a new Iraq economically.”
Through various activities and projects, we invest in the natural materials we have, and we invest in the heritage and civilization that we carry, enabling us to move with confidence towards a better future in a strong, united, independent, and stable Iraq.”
On a parallel level, Al-Sudani met with the Director General of the International Monetary Fund, Ms. Kristalina Georgieva, on the sidelines of his participation in the Davos Economic Forum held in Switzerland.
The Sudanese media office stated in a statement that, during the meeting, financial cooperation relations between Iraq and the International Monetary Fund were discussed, within the framework of supporting the development path in Iraq.
Al-Sudani referred to the government’s plans in the field of economic and financial reform, as a gateway and basis for all the reforms that the government plans in all vital sectors.
In turn, Georgieva welcomed Iraq’s accession to a non-financing program to support economic reforms, as meetings with the Fund will begin next month to implement this program.
She also praised the steps taken by the government in the field of the financial and banking system, and improving the business and investment environment, expressing its understanding of Iraq’s uniqueness and the challenges it faces.
So today we heard that there was an in country rate on the dinar little over $3 - That's in country - for Iraq. But our rate is going to be - remember what...Dr. shabibbi maybe said back in December of 2012 at the International Chamber of Commerce meeting, when Bluestar asked him what he thought the rate on the dinar would be to the dollar and Dr Shabibbi said that it would be over sixteen - Well, we're well over that, and we should be in good shape In terms of what they offer us... Do not be surprised, though, make sure you're sitting down when you get offered a quote unquote contract rate on the dinar. Because I know it's going to be very amazing. And I've heard of these rates before and I've been keeping up with them. It's gonna blow your mind...
Tier 4b (us, the Internet Group) were looking for notification to set appointments anywhere from now through Fri. 19 Jan. It could happen tomorrow Wed. 17 Jan. or Thurs. 18 Jan, likely tomorrow, and then go to apt. by Thurs. 18 Jan.
Tier 3 Bond Holders in Reno, Geneva and Miami had stations to go through for their bonds.
Tier4b will not have stations but will have various people sitting down with us, one to verify your currency, one to do Zim, others would be handling your other currencies.
They want us to be in and out of our appointments in 30 min.
If you have other bonds take them with you to the Redemption Center.
Have one, preferably two photo ids, proof of where you live like a gas bill and organize your currency by denomination.
Word today was there was an in-country rate for the Dinar of over $3. Our rate at the Redemption Center will be higher. You could be offered a Contract Rate on the Dinar.
The Dong rate is way higher than we thought.
The Zim rate was on par with the USN.
Zim Holders have priority for the exchange and for the Med Beds.
"The year 2024 might witness significant progress in U.S. regulations for stablecoins, according to Circle CEO Jeremy Allaire. Speaking at the World Economic Forum in Davos, Allaire expressed optimism about an impending approval of a stablecoin bill, citing the ongoing global momentum in digital currency regulations."
Circle, the Digital Network Company backing the stablecoin USD Coin, recently filed a confidential S-1 registration with the U.S. Securities and Exchange Commission. This registration process is a requirement in order to offer a new introductory product offering on the market. It tells us that their intentions are to go public inside the new Digital Asset-Based Trading System.
So now, we have the beginning stages of tokenized assets (spot Bitcoin ETF) beginning to populate on the markets and soon a digital dollar to process these transactions.
Each step of the way puts us closer to our goals. The USDC coin was tested all year long in 2023 to see if it would be able to hold its value. With algorithmic and gold-backed asset support, it was able to stay within a stable range of value compared to other stablecoins.
