Bitcoin, the growth of Stablecoins, and Central Bank Digital Currencies are expected to chip at the dollar dominance this year.
These disruptions will cause a recalculation and a refactoring of the dollar value in relation to other currencies around the world.
Price pressures on these new assets will begin to formulate new patterns and support levels for these new assets, and this is when you start to see the markets begin to price in new valuations.
We will be monitoring these changes as they take place.
The Iraqi Government Is Developing A Plan To Activate Non-Oil Resources
January 22, 2024Last updated: January 22, 2024 The Independent/- 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, stressing that the Prime Minister will be the basic nucleus of the strategic partnership between the state and the private sector.
Saleh said, in a statement to the official agency and its independent affiliate, that
“Prime Minister Muhammad Shiaa Al-Sudani’s presidency of the Private Sector Council will be the basic nucleus for launching the principle of strategic partnership between the state and the private sector, with the aim of activating 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 modern agriculture, 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.”
The importance of partnership between the state and the private sector
The partnership between the state and the private sector is one of the most important pillars of economic development in any country, as it enables the state to benefit from the resources and expertise available in the private sector, and it also helps the private sector access the markets and financial resources it needs.
In the case of Iraq, the partnership between the state and the private sector is necessary to diversify sources of national income and achieve sustainable economic growth. As Iraq relies heavily on oil as a source of income, which makes it vulnerable to external risks, such as oil price fluctuations.
Through this partnership, the Iraqi government aims to achieve the following goals:
Increasing the private sector's contribution to the gross domestic product.
Providing job opportunities and improving the standard of living for citizens.
Promoting sustainable economic development.
Axes of partnership between the state and the private sector
The partnership between the state and the private sector in Iraq focuses on the following areas:
Modern agriculture: through state support for agricultural projects, such as irrigation and smart agriculture projects.
Transforming industries: through state support for industrial projects, such as food industry projects and pharmaceutical industries.
Other non-oil natural resources: through state support for projects that exploit natural resources other than oil, such as renewable energy projects and tourism projects.
Economic Reform Law
The Economic Reform Law is one of the most important pieces of legislation that supports the partnership between the state and the private sector in Iraq. This law aims to provide the necessary legal and regulatory environment to promote investment in Iraq.
The Economic Reform Law includes a set of measures that are in the interest of the private sector, such as:
Facilitating investment procedures.
Protecting investors' rights.
Providing financial and institutional support for investment projects.
Expectations
The partnership between the state and the private sector in Iraq is expected to achieve a set of positive results, such as:
Increase investments in Iraq.
Creating new job opportunities.
Promoting sustainable economic growth.
But to achieve these results, the Iraqi government must develop a clear strategy for partnership between the state and the private sector, and provide the legal and regulatory environment necessary for the success of this partnership. https://mustaqila.com/الحكومة-العراقية-تضع-خطة-لتفعيل-الموا/
On 21 Nov. 2022 (Thanksgiving) a Global Currency Reset agreement was signed by 209 nations in Geneva Switzerland and the US Treasury signed an agreement with the Chinese Elders. …Dave XRP Lion
Thurs. 11 Jan. was the start of a worldwide financial Armageddon as it was the end of the Deep State Banks Reverse Repurchase Agreements they had created to cover up bank bankruptcies.
On Mon. 15 Jan. the Global Financial System moved from the old fiat SWIFT System to the gold/asset-backed Quantum Financial System.
By Tues. 23 Jan. the Deep State’s giant JP Morgan Bank, along with all Central Banks across the World that were not Basel III Compliant (have gold/asset-backed monies), were bankrupt and would be closed – setting the stage for a Global Financial Collapse – that would be saved by a Global Currency Reset.
By the end of this week all Navy ships are in position around the world waiting for the go signal. Confirmed by Military sources. …Amiel Alston on Telegram Fri. 19 Jan.
The fiat US Dollar was expected to be considered useless by around 11 March 2024.
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
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.
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.
