"RV UPDATE" BY MILITIAMAN, 25 JAN

 Militia Man 

 The fact remains Iraq is filthy with wealth.  They're filthy with their revenue streams.   They're going to be filthy with employment.  They're going to be doing a massive amount of stuff.  When I say, 'radical', it's true.  Is there going to be a radical change...in their currency?   I believe so...When I talk about radical changes, they're happening.

 Big push...They are finishing the reforms...But one of the things they need...is an international currency exchange rate.  They haven't started pumping oil to the Cyan Port yet, why?  Because they haven't had a customs valuation yet.  Why haven't they gone to the WTO just yet?  Because the WTO is going to need what?  Valuation. What did they say they were going to bring in the short term? 

 The customs valuation with the WTO...They need big movements.  They're going to need a Real Effective Exchange Rate.  1310 is radically different than what I believe a Real Effective Exchange Rate is.

Article "The ports discuss the operational plan for the years (2023-2024)"   Al-Sudani told us this the year of achievements. Finishing the Port of Faw 100% this year will be flat out amazing.  Having it 100% operational is going to bring massive revenue stream into the country for decades and decades to come.

 The whole thing is basically doing what?  Restoring confidence, engaging the private sector.  Iraq's going to be going international.  What we expect to see is that Iraq has an IMF article VIII compliant currency that has a Real Effective Exchange Rate (REER) that supports the value of the currency and does restore that confidence...Is 1310 exchange rate going to restore confidence? ...In my belief absolutely not.

https://dinarevaluation.blogspot.com/2024/01/rv-update-by-militiaman-23-jan_0701353981.html

Iraqi dinar update 🔥 The power over Iraqi dinar RV 🔥 Iraqi dinar Reveals...

Parliamentary Finance: We Are Close To Ending The Phenomenon Of “Parallel Markets” And Prices Are Heading To Decline, 24 JAN

 Parliamentary Finance: We Are Close To Ending The Phenomenon Of “Parallel Markets” And Prices Are Heading To Decline

Economy |Baghdad today – Baghdad The Parliamentary Finance Committee confirmed today, Wednesday (January 24, 2024), that Iraq is close to resolving the crisis of the high dollar exchange rate and ending the phenomenon of “parallel markets.”

Committee member Moeen Al-Kazemi said, in an interview with “Baghdad Today,” that “the Iraqi government and the central bank were able to truly control the exchange rate of the dollar and prevent its rise, after taking various steps and decisions over the past months that led to the gradual decline of the dollar in the parallel markets.”

He added, "Work is currently underway to end the so-called (parallel markets) and we are approaching that. The dollar will not be exchanged except at the rate approved by the Central Bank of Iraq, and this matter requires a short time," pointing out that "the decline in the parallel markets "It will continue gradually over the coming days."

Earlier, the Central Bank of Iraq announced in a statement that it had decided, as of this January, “to limit all commercial and other transactions to the Iraqi dinar instead of the dollar” inside the country, in an attempt to control exchange rates in parallel markets.

Yesterday, Tuesday (January 23, 2024), a member of the Parliamentary Economics Committee, Representative Briar Rashid, monitored the danger of the “parallel market” in Iraq.

 Rashid said in an interview with “Baghdad Today,” that “many factors contributed to creating the parallel market for dollar exchange in Iraq, which is currently far from the official price set by the Central Bank at about 20 thousand dinars for every 100 dollars (the official price is 132 thousand dinars for every 100 dollars). $)".

Rashid pointed out that “the continuing gap between the parallel and the official is putting strong pressure on the markets and increasing the rate of price rise,” stressing that “his committee will hold a series of sessions with the Central Bank starting next week in order to coordinate towards supporting the markets and responding to the requirements of companies and traders in order to reduce prices as much as possible.” Possibility.

He explained that "supporting banks and openness in the labor market and production is a priority during the next stage," stressing that "increasing national production will reduce the demand for hard currency and lead to reducing the parallel market, and this is what we are seeking to achieve at the present time."  LINK

"RV UPDATE" BY FRANK26, 24 JAN

 Frank26 

  It was a paradigm shift is what happened in Davos...INVESTORS AT DAVOS = AN ACCELERATION OF SUPPLY & DEMAND TO THE IQD IN AN INTERNATIONAL FLOAT  = VALUE ADDED TO THE IQD BASKET!

 For any Iraqi that lives outside of Iraq they will take advantage and exchange their 3-zero notes for American dollars.  The monetary reform is getting louder and louder everyday and very direct.  There is no confusion.  There's no need to wonder when it's going to happen because they're telling you it's happening.  IMO the lower denoms, new exchange rate and the float in the basket is the next phase of your monetary reform...Prime Minister Sudani is bragging about it right now...

Article "The International Monetary Fund welcomes Iraq's accession to a program that supports economic reforms  "

  All I could say was Holy cow!  That's huge.  The IMF, remember who they are.  They are the one who give Iraq/CBI permission to raise or lower the value of their currency, to print or to destroy currency.  Everything they do in their banking structure is governed by the IMF...This is the announcement by the IMF that Iraq is international. 

https://dinarevaluation.blogspot.com/2024/01/rv-update-by-frank26-23-jan.html

Major BIS Announcement Iraq's Central Bank Listed on 'Central Bank and M...

FRANK26….1-24-24….IQD UPDATE…..CORGI

In 2023… fines from the Iraqi Central Bank on banks and banking companies amounting to approximately 141 billion dinars, 24 JAN

 In 2023… fines from the Iraqi Central Bank on banks and banking companies amounting to approximately 141 billion dinars

Shafaq News/ The Central Bank of Iraq revealed, on Wednesday, that it had imposed financial fines on banks and banking companies exceeding 140 billion dinars during the past year 2023.

A bank table, seen by Shafaq News Agency, showed that the fines imposed on banks and financial companies during the past 12 months amounted to 140 billion, 924 million, 318 thousand and 901 dinars.

He stated that “the fines also included 402 administrative penalties for these banks and non-banking institutions, distributed between warnings, warnings, and grace periods.”

According to the table, last April witnessed the highest rate of fines for banks and non-financial institutions, amounting to 17 billion, 440 million, 383 thousand and 447 dinars, with administrative penalties amounting to 17 penalties, while last November witnessed the lowest rate of fines, amounting to 8 billion, 337 million. And 645 thousand and 628 dinars with 8 administrative penalties.

The table did not show the names of the banks on which fines and administrative penalties were imposed.

In early June, the Iraqi Stock Exchange Investors Association criticized the Central Bank of Iraq’s increase in fines on banks, noting that it would affect the profitability of investors in the shares of these banks.

shafaq.com