Good News for Investors, Davos Sets Stage for Iraqi Dinar in Global Market!

After the American message, a security meeting headed by Al-Sudani is studying measures to preserve Iraq’s sovereignty, 25 JAN

 After the American message, a security meeting headed by Al-Sudani is studying measures to preserve Iraq’s sovereignty

Shafaq News/ The Prime Minister and Commander-in-Chief of the Armed Forces, Muhammad Shiaa Al-Sudani, chaired, this evening, Wednesday, a meeting of the Ministerial Council for National Security, during which the latest developments in the security situation in Iraq were discussed, the topics on the agenda were discussed, and recommendations were made regarding them.

According to a statement received by Shafaq News Agency, the meeting witnessed an extensive presentation of the recent attacks that affected Iraq, and constituted a flagrant violation of Iraqi sovereignty, and the need to take all necessary political, diplomatic and security measures to protect Iraq’s sovereignty and maintain its security was emphasized.

The Commander-in-Chief of the Armed Forces stressed the importance of strengthening security throughout the country, as it constitutes a necessity to enable the government to implement its plans for development and reconstruction, and this matter cannot be tolerated at all, stressing the need for all security forces to be vigilant and beware of the infiltration of the remnants of ISIS terrorist gangs, and their exploitation of developments. The last security in the country.

This comes after the Iraqi Ministry of Foreign Affairs received, today, Wednesday, a letter it described as “important” from the American government, conveyed by Ambassador Elena Romanski, indicating that the Prime Minister “will study this message.”

This came after US Army drones launched strikes on two headquarters of the Popular Mobilization Forces in Babil and Anbar governorates, killing two members and wounding four.

A statement by the American forces indicated that these strikes targeted the headquarters of the Hezbollah Brigades, warehouses, missile training sites, and unilateral attack drones.

https://shafaq.com/ar/%D8%B3%DB%8C%D8%A7%D8%B3%D8%A9/%D8%A7%D8%AC%D8%AA%D9%85%D8%A7%D8%B9-%D9%85%D9%86%D9%8A-%D8%A8%D8%B1-%D8%A7%D8%B3%D8%A9-%D8%A7%D9%84%D8%B3%D9%88%D8%AF%D8%A7%D9%86%D9%8A-%D9%8A%D8%AF%D8%B1%D8%B3-%D8%A7%D8%AA%D8%AE%D8%A7%D8%B0-%D8%A7%D8%AC%D8%B1%D8%A7-%D8%A7%D8%AA-%D8%AA%D8%AD%D9%81%D8%B8-%D8%B3%D9%8A%D8%A7%D8%AF%D8%A9-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%85%D9%86-%D8%A7%D9%84%D8%A7%D8%B9%D8%AA%D8%AF%D8%A7-%D8%A7%D8%AA

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 25 JAN

 Frank26 

  [Iraq boots-on-the-ground report] 

 FIREFLY:  Channel One TV is saying we just overtook and stopped the most dangerous and most corrupt organization that has ever stolen dinars.  They stole over 1 trillion dinar...individuals arrested and groups have been stopped. 

 FRANK:  The money was recovered...This is the phase of the monetary reform right now, to recover this type of money, to be in position to float internationally...

   FIREFLY:  TV showing the meeting in Davos with CBI governor, IMF, World Bank and Sudani have shortened the time on financial and banking reform.  They're saying it's a shorter time expected now to complete the reforms.  

FRANK:  He is telling you they are very very close to giving you the new exchange rate with the lower denoms...What happened at Davos put the monetary reform on light speed.

FIREFLY:   On the economic news an economic specialist is saying Iraq needs to use a basket of currencies to add value to the dinar against the dollar.  

 FRANK:  Sudani sends out another expert in the financial field that you know and trust...Exactly what we've been telling you.  This is the next phase IOO... This is the most powerful part of the monetary reform education to you as an Iraqi citizen...The basket of currencies is required in order to add value to the Iraqi dinar.

 They will never talk to you about something that needs to be done.  They will talk to you about it after it is done.  That is what is called the float and that is what is going to take you back to your RI.  Your currency rate has to be reinstated back to $3.22 but that's the international side of Iraq...

The goal of the CBI is to reach the Real Effective Exchange Rate.  In doing so it adds value to you even thought it's 1 to 1 in country...It will stay at 1 to 1 to the American dollar in Iraq but you will finally have your purchasing power that you have long waited for.

https://dinarevaluation.blogspot.com/2024/01/iraq-boots-on-ground-report-by-firefly_0959338502.html

Iraqi Dinar update for 01/24/24 - More airstrikes can destabilize Iraq BY PIMPY

Reuters, citing 4 sources: The withdrawal of American forces from Iraq is not imminent, 25 JAN

 Reuters, citing 4 sources: The withdrawal of American forces from Iraq is not imminent

Reuters: The process of ending the US military presence in Iraq may take from several months to years

4 sources told Reuters: The American ambassador delivered a message to the Iraqi Foreign Minister related to ending the international coalition and establishing bilateral relations.

https://almutalee.com/news/%D8%B1%D9%88%D9%8A%D8%AA%D8%B1%D8%B2-%D9%86%D9%82%D9%84%D8%A7-%D8%B9%D9%86-4-%D9%85%D8%B5%D8%A7%D8%AF%D8%B1-%D8%A7%D9%86%D8%B3%D8%AD%D8%A7%D8%A8-%D8%A7%D9%84%D9%82%D9%88%D8%A7%D8%AA-%D8%A7%D9%84%D8%A3%D9%85%D9%8A%D8%B1%D9%83%D9%8A%D8%A9-%D9%85%D9%86-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%84%D9%8A%D8%B3-%D9%88%D8%B4%D9%8A%D9%83%D8%A7

"RV UPDATE" BY KAPERONI, 25 JAN

 Kaperoni  

The dinar either rises gradually over time as Iraq's economy prospers reducing the money supply or Parliament will authorize the deletion of zeros reducing trillions to billions and a LOP. Not what we want to see.

 there is no way Iraq can RV the Iraqi dinar with [120] trillion dinar in circulation. No country could afford. Iraq's total net worth is only around $16 trillon dollars.

 There is no significant RV of the Iraqi dinar.  And if the dinar does ever go up in value, it will be based on the success and growth of Iraq's own economy.  There are no shortcuts.

  Article:   "Ali Al-Alaq, the current governor of the Central Bank of Iraq confirms that Iraq's money supply exceeds 100 trillion dinar."

 If and when the Central Bank decides to increase the value of the Iraqi dinar more than likely it will be based on some type of gradual float as a result of the success and growth of Iraq's own economy and an increase in GDP.

I hope each and every one of you find success in this investment...It may take time.  It may  be another 1 to 5 years.  I certainly hope not but I believe things could happen quickly over the next 36 to 48 months.  It all depends on Iraq.  

 ...We all know things don't happen fast in Iraq. Iraq has a lot of work to do in order to succeed. The first of which is pass over 100 stalled laws through Parliament to encourage investment in Iraq.  And at the same time the Central Bank of Iraq has to continue reforms to the banking system, digitalization, and apply monetary tools to meet compliance .

 A country's exchange rate is the result of the success and growth of their own economy. When you have a weak economy, you have a weak exchange rate.  Until Iraq passes laws, diversifies their economy and increases their GDP, nothing will happen with the dinar.   When Iraq passed their tripartite  3 year budget a few months back, it created the conditions for them to diversify and privatize their economy over the next three years.   Now Iraq is on the clock to accomplish such.

There's a new article out that many people are translating and confusing. They are not talking about an RV in Iraq, they are talking about the spread being in compliance early next year. 

 Just a reminder the spread is the difference between the official rate and the market rate or street rate and has been way out of whack recently in Iraq. This article simply means they expect the spread to come down closer to the official rate early next year. There is no RV.

    A very important statement was made back in 2020 by the prime minister's economic advisor Mohamed Salah who used to be Deputy Governor of the CBI under Shabibi. He stated that Iraq's entire wealth including all minerals in the ground amounts to only $16 trillion dollars. Knowing that information one can then determine that there is no way a significant RV could ever occur with over 90 trillion dinar in circulation.  It doesn't make sense...

 They...have to have the dinar stabilized within the country and within the 2% rule mandated by the IMF in order to then accept IMF article VIII and begin to float the dinar which would raise its value based on supply and demand.  All of these processes and or steps required time.

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-kaperoni-10-dec_0650267841.html

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-kaperoni-18-dec.html

Will The Iraq Dinar Ever Revalue?