What happens when there is a demand for a specific supply?
It runs out quickly. Or it goes up in value quickly. The simplest thing, toilet paper, became so valuable when the covid hit us...If I was Sudani I'd give the lower denoms and the new exchange rate and instantly the dinar goes into a basket with other currencies around the world to float. The definition of supply and demand is going to take that float to the REER (Real Effective Exchange Rate). How are they going to reach the REER? By supply and demand.
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!
Question: "Does it RI once it goes international?" That's the reason why it would go international because it would be a rate change, it would be equivalent to a reinstatement to the value of the currency.
THE SAFE ENVIRONMENT IS NO LONGER SO.” TO WHAT EXTENT HAS ERBIL’S TOURISM AND ECONOMY BEEN AFFECTED BY THE IRANIAN BOMBING?
The expert in economic and tourism affairs, Sirwan Ibrahim, confirmed today, Monday (January 22, 2024), that Erbil has been, during the past period, a stop for tourists and businessmen from countries around the world who want to establish projects in Iraq and make Erbil their headquarters and depart from there to other governorates.
Ibrahim told “Baghdad Today” that “Erbil was a station for holding seminars, workshops, and courses for international organizations,” noting that “all of these matters contribute to reviving the tourism sector, as they use hotels, restaurants, markets, and the city’s airport.”
While he noted, “If this conflict continues, it will decline further because tourists will search for other alternatives, in addition to the bad economic situation that the city in particular and the region in general is going through.”
Ibrahim pointed out that “a citizen who visits a city for tourism, the first thing he asks about is security stability, because he does not want anything to confuse his tourist trip, but with the continued bombing operations with marches and missiles, the percentage of tourism in Erbil has declined.”
Iranian Foreign Ministry spokesman Nasser Kanaani confirmed today, Monday (January 22, 2024), that targeting the Mossad headquarters in Erbil came to punish those who aggressed against Iran’s security and was not an act against Iraq.
Kanaani said in a press conference followed by “Baghdad Today” that “the concentration and gathering of Zionist elements and Mossad elements to work against Iranian national security in the Kurdistan region of Iraq is unacceptable.”
He stressed, “In recent years, there have been threats to our national security from the Kurdistan region of Iraq,” adding, “Our security is a red line.”
Kanaani continued, “Iranian-Iraqi relations are strong and solid, and the two countries enjoy comprehensive cooperation in various fields,” stressing that “our relations with Iraq are strong and Iran is the greatest defender of Iraq’s independence and sovereignty.”
On January 16, the Iranian Revolutionary Guard launched a violent bombardment with ballistic missiles targeting civilian areas in Erbil, which led to 10 civilians being killed or wounded.
The Kurdistan Region Security Council considered the missile bombardment a blatant violation of the sovereignty of the region and all of Iraq.
IT IS SAID, US PRESENCE INSIDE IRAQ THREATENS SECURITY AND STABILITY AND VIOLATES SOVEREIGNTY, POINTING OUT THAT CONFRONTATION IS INEVITABLE WITH THE AMERICAN OCCUPIER
Information / Baghdad…
Hussein al-Karawi, a member of the popular movement for the Belt and Road, said on Sunday that the US presence inside Iraq threatens security and stability and violates sovereignty, pointing out that confrontation is inevitable with the American occupier after popular calls and demands for the exit of these forces from the country.
Al-Karawi told Al-Maalouma that “the continued presence of US forces in the land of Iraq represents a threatening factor to security and stability, especially since these forces committed crimes and assassinations against Al-Nasr leaders and other figures.”
He added that “political inaction and inaction by some parties are behind the continued presence of US forces in Iraq, as these forces will go further than possible in their persistence and violations against the Iraqi people.”
He pointed out that “confrontation will be inevitable with the US forces, as Washington seeks to continue to achieve its interests inside Iraq and serve the Zionist occupier without caring about popular demands and rejection regarding the continued presence of its forces inside Iraqi bases.”
(The author is obviously an Iranian sympathizer. I guess the Zionist occupier statement did it for me. Maybe the US is wrong is using the Iraq airspace and bases of a bas of operations into Syria, Iran and Lebanon. But really now who benefits form it? It is keeping Iraq safe. Only now the Iranian sympathizers want to twist the facts and make the US the bad guy. But also remember the US is NOT supposed to have combat troops in Iraq only advisors and trainers. So they too are partly in the wrong.)
Once again…resubmitting the oil and gas law to the discussion table of Parliament and the government
The representative of the Patriotic Union of Kurdistan bloc, Sarwa Muhammad Rashid, stressed on Saturday the need to expedite sending the draft oil and gas law, while confirming that the law is on the table of government and parliamentary discussions.
Zanganeh said in an interview with the Maalouma Agency, “The discussions of the region and the center during the last period focused on finding a road map through legislation of the oil and gas law, as it ends the outstanding crisis between the federal government and the Kurdistan region.”
She added that “passing the oil and gas law will eliminate all outstanding problems between the federal government and the Kurdistan region,” noting that “after several months passed during the stages of writing the oil and gas law, it was not sent to Parliament for discussion.”
She continued, “Parliament is waiting for the legislation of this law until it ends the issue of how to export oil or invest gas in the coming stages.” The former member of the Parliamentary Oil and Energy Committee, Ghaleb Muhammad, confirmed to Al-Maalouma that passing the oil and gas law requires consensus among the large blocs that have a majority within the House of Representatives.
we got word from several of our sources that came in last night and also today, and...I think we've, we've gone past the point of no return on this so that even a few people that were pretty tight lipped have been allowed to open up to my main source.They've been allowed to get the information from the banks - and redemption centers – so that is really good to have that information fed down to me...one of our best sources said at midnight last night...we've been in this is Monday night he said within 24 to 36 hours...it could be Thursday... We will all be smiling from ear to ear... it should be a really wonderful week...
According to the local bank staff members were going in today, with more going in tomorrow with a purpose to make appointments to exchange foreign currency and Zim Bonds. The numbers for Tier4a,b (Us, the Internet Group) to make appointments could come out tomorrow Wed. 24 Jan.