DINAR REVALUATION

Tuesday, January 23, 2024

Iraqi Dinar Why Has Kuwait Revalued and Iraq Has NOT BY SANDY INGRAM

The Sudanese Advisor Reveals The Government's Vision To Reform The Economy And Not Depend On Oil, 23 JAN

The Sudanese Advisor Reveals The Government's Vision To Reform The Economy And Not Depend On Oil, 23 JAN

Mawazine News - Baghdad, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed today, Monday, the contents of the government’s vision to activate non-oil resources in Iraq, and while he stressed that the Prime Minister will be the basic nucleus of the strategic partnership between the state and the private sector, he indicated that the economic reform law has taken its course. To Parliament for legislation.

Saleh said, “The presidency of the Prime Minister, Muhammad Shiaa Al-Sudani, of the Private Sector Council will be the basic nucleus for launching the principle of strategic partnership between the state and the private sector, in a way that aims to activate the country’s human and material resources and on foundations that serve the renaissance of Iraq in diversifying its sources of national income, whether in agriculture.” modern, manufacturing industries, or other non-oil natural resources, which will be supported by important legislation under the name (Economic Reform Law), which has made its way to the House of Representatives.”

He added, “The national strategic objectives for the development of the private sector, whose paths will be launched from the decisions of the Private Sector Council soon, have taken into account the contribution of the national market to the gross domestic product to more than 55% of the composition of the country’s national income in the coming years, instead of its current percentage, which is By about 37%.

He pointed out, “This will be achieved through the state’s support for investment in private sector projects themselves, especially those that operate jobs and generate value-added chains on a large scale, as well as the launch of partnership projects in manufacturing industries, in addition to the state’s financial support for them with sovereign guarantees that are consistent with Iraq’s entry into the industrial age.” "Modern digital technology, in accordance with the requirements and principles of accelerating economic growth, is a strategy that will be included in the national development plan for the next five years." https://www.mawazin.net/Details.aspx?jimare=240831

Appointment of administrative positions in exchange companies under categories (A, B)

January 22, 2024 :diamonds: In light of the supervisory role of this bank and in order to simplify work procedures, the following was decided.. For more, click here https://cbi.iq/static/uploads/up/file-170590198913478.pdf

https://cbi.iq/news/view/2504

"GENERAL EXCHANGE INFO IQD/ROI" BY ARIEL, 23 JAN

Ariel

@Prolotario1

General Exchange Rate Info- IQD/ROI:

Simple Explanation:

If someone has 300,000 Iraqi Dinar and the exchange rate is 3.00, then their 300,000 Iraqi Dinar would be worth:

300,000 IQD x 3.00 = 900,000 USD

So, if someone bought 300,000 Iraqi Dinar for a much lower price before the exchange rate went up to 3.00, and then exchanged it for US dollars at the rate of 3.00, they would receive 900,000 US dollars.

This means that they would have made a profit of: 900,000 USD – the cost they paid to buy the 300,000 Iraqi Dinar For example, if they bought the 300,000 Iraqi Dinar for $300 USD, then their profit would be:

900,000 USD – 300 USD = 899,700 USD

This is a simplified example, and there are many factors that can affect the value of a currency, including geopolitical events, economic conditions, and government policies.

This is how the rate will look on the Forex.

How The Rate Shows On Forex:

$.86 = 1.162
$1.00 = 1.000
$1.17 = 0.854
$1.86 = 0.537
$2.00= 0.500
$2.50 = 0.400
$3.00 = 0.333
$3.22 = 0.310
$3.46 = 0.289
$3.50 = 0.285
$3.86 = 0.259
$4.00 = 0.250
$4.10 = 0.243
$4.40 = 0.227
$5.00 = 0.200

All Forex listings are listed in pairs – comparing the USD to some other currency. They will all show a different numerical factor against the USD.

USD/CAD
USD/EUR
USD/IQD

Using the program rate of 1190, you would divide $1 by 1190 = .00084
It will be on Forex listed as USD/.84. 1$ Divided by .84 = $1.19 And…….
USD/0.537 = $1.86 Ex ($1 ÷ .537 = 1.86)
USD/0.400 = $2.50 ($1÷ .400 = 2.50)
USD/0.333 = $3.00 ($1÷ .333 = 3.00)
USD/0.243 = $4.11 ($1÷ .243 = 4.11)

Fees & Other Potential Cost –

1. Transaction Fees: Financial institutions or currency exchange services may charge fees for converting currencies. These fees can vary and may impact the overall profit or loss. If a currency exchange service charges a 2% fee on the transaction, and you’re exchanging $10,000, the fee would be $200 (2% of $10,000).

2. Spread: The difference between the buying (bid) and selling (ask) prices is known as the spread. It represents the cost of the transaction for the trader and can affect the overall profitability. Suppose the buying price (bid) for a currency is $1.20, and the selling price (ask) is $1.18. The spread is $0.02. If you exchange $1,000, the actual cost would be $1,180 (ask price) but selling it back immediately might only yield $1,200, resulting in a $20 loss due to the spread.

3. Commission: Some currency exchange platforms or brokers may charge a commission on each trade or transaction. A currency exchange broker charges a flat $10 commission per transaction. If you exchange $5,000, you would pay the $10 commission on top of any other fees.

4. Market Volatility: Exchange rates can fluctuate due to market conditions, geopolitical events, or economic factors. Sudden changes can impact the value of the currency being exchanged.

5. Regulatory Compliance: Depending on the country and the amount involved, there might be regulatory requirements or compliance measures that individuals need to adhere to. Which should not be a problem if you do not plan on doing anything illegal. This should be a smooth process.

6. Taxes: Profits from currency exchange may be subject to taxation. (This is not final)

7. Liquidity: Less commonly traded currencies may have lower liquidity, making it challenging to find buyers or sellers at desired exchange rates. But this will not be an issue for the Iraqi Dinar given the many countries that have this in their reserves. Especially airports.

8. Timing: The timing of the currency exchange can influence the overall outcome. Exchange rates can vary throughout the day, and factors like economic reports or geopolitical events can impact them. __________________ This is just an oversight of things you can expect. Taxes are up in the air. Because if you are exchanging into asset backed currency or precious metals you may pay small to no taxes on the exchange.

• Electronic
• Digital
• Paper
• Metals

We are going into a system where all of this will be working in conjunction and coexisting. We ate going back to the Gold and Banks are getting ready for this transition by implementing Basel 3 that they refer to as “The End Game”.

So when you exchange your currency do not do it in any location that is not Basel 3 Compliant.

Goodluck to everyone. You made the right choice and investment. This will never happen again. So be wise and prudent with your financial decisions.

Iraqi Dinar Hold onto your Seats News Update Dinar IQD | Iraqi Dinar 2 N...

US Treasury imposes sanctions on Iraqi figures for supporting Iran, 23 JAN

US Treasury imposes sanctions on Iraqi figures for supporting Iran, 23 JAN

Mawazine News – Baghdad
The U.S. Treasury Department on Monday included the head of the parliamentary rights movement, Rep. Hussein Monis, on the sanctions list.
Sanctions included PMF leader Salah al-Maksoosi, as well as Fly Baghdad Air.
The U.S. Treasury Department, at the end of last year, imposed sanctions on the Secretary-General of the Sayyid al-Shada Brigades Abu Al-Al-Wali and a number of PMF leaders.

https://mawazin.net/Details.aspx?jimare=240860

"RV UPDATE" BY FREEDOM FIGHTER VIA TELEGRAM ROOM, 23 JAN

FREEDOM FIGHTER

Iraq is so strong without BRICS (because they’ve established so much international alliances ) they will be fine with or without BRICS. They have a basket of currencies already agreed upon by the IMF to possibly peg to that they are to use in international trade (UAE, Turkey, China, India) currencies

...he Dong will RV, all currencies will reach real values backed by gold.

However, be careful with bank stories , they mainly are “stories “ paid to pump

Banks = redemption centers

BANKS 🏦

They are going first and you can see major pressure now from the liquidity being pumped into the digital economy from the Bitcoin ETF. That was the digital linchpin