DINAR REVALUATION

Tuesday, January 30, 2024

Experts: The Dollar Price Will Remain Volatile As Long As The Economy Is Not Stimulated, 30 JAN

Experts: The Dollar Price Will Remain Volatile As Long As The Economy Is Not Stimulated

January 30, 2024 Last updated: January 30, 2024 The Independent/- Volatility has returned once again to dominate the dollar exchange rates on local stock exchanges in Iraq, after a period of “semi-stability” that dominated the market during the recent period.

The market witnessed a “limited” increase yesterday, Monday, as the exchange rate of the US dollar reached 154 Iraqi dinars compared to 100 dollars in Baghdad, and 153 dinars in Erbil in the Kurdistan Region.

Experts and specialists believe that what is happening is a temporary exploitation by some speculators who took advantage of the regional tensions in the region to benefit from buying and selling in the parallel market.

The Prime Minister’s Advisor for Financial and Economic Affairs, Dr. Mazhar Muhammad Saleh, said in an interview with Al-Sabah newspaper, which is affiliated with the Independent:

“The issue is related to regional security tensions, which give colorful or ambiguous information that affects the decisions of speculators in the secondary exchange market when buying and selling, which prompts them to hedge.” One or two points above the current market trading prices or trading prices in such cases that people are accustomed to.” He added: “

A behavior practiced by speculative forces to achieve emergency or fateful profits under the pretext of misfortune and fear,

because the decisions of this market are based on various information as inputs that influence the decisions of those dealing in it.

Therefore, these markets are considered among the most sensitive financial markets and live in their daily speculation on news, rumors, and conflicting information.” To determine prices, which is a cost that disappears when the influencer disappears.”

For his part, the rapporteur of the Parliamentary Finance Committee for the fourth session, Dr. Ahmed Al-Saffar, stated that

“the exchange rate of the dollar against the dinar will not stabilize as long as Iraq remains a country that does not have a productive apparatus, as the country depends for most of its needs on imports, which in turn depends mainly on the dollar.”. He stressed that

“this price will remain fluctuating and changing according to political events and the forces of supply and demand.” He pointed out that

“this small change during these two days may be due to the attack on the American base in Jordan and the threat of the American side to carry out a military operation,” and added:

“Therefore, the central bank and the government cannot control the stability of the exchange rate if they do not resort to revitalizing the Iraqi economy and moving the apparatus.” “Productive.”

For his part, economic affairs expert, Nabil Jabbar Al-Ali, pointed out that “there are now no major changes in exchange rates that could affect the market and its desires.” He pointed out that

“what is happening now in the local market falls within the framework of the natural fluctuation of prices, and there is not a large percentage of rise and fall that can be pointed out, so I believe that the issue has not departed from the normal situation.”

Experts believe that stabilizing the dollar exchange rate in Iraq requires

revitalizing the Iraqi economy,

increasing production, and

reducing dependence on imports.

https://mustaqila.com/خبراء-السعر-الدولار-سيبقى-متذبذباً-طا/

"USD WILL NOW DEFLATE AGAINST THE IQD" BY MIKECRISTO8, 30 JAN

MikeCristo8

@MikeCristo8

I told you the Iraqi Dinar RV is going live.

The U.S. Dollar will now massively deflate against the Iraqi Dinar.

Offshore short-term deposits and foreign exchange positions in dollars, the total of $127.7 trillion is 175 times the foreign currencies held by US residents, available to absorb foreign dollar liquidation.

This imbalance between foreign ownership of dollars and the availability of foreign currencies in US hands to absorb foreign dollar liquidation is simply staggering in its potential impact on the dollar.

Foreign Ministry's Major Announcement Success in Iraqi-American Negotiat...

Military(Iraqi) expert: America will not leave Iraq without a long-term security agreement, 30 JAN

Military expert Sarmad Al-Bayati confirmed the impossibility of the withdrawal of American forces without concluding a strategic security agreement with Iraq, noting that the Iraqi airspace is exposed and America can never leave it without sovereignty.

The Iraqi military expert, Sarmad Al-Bayati, said in a statement followed by Mawazine News: “There is a big difference in the statements between Iraq and the United States, and some may be confused about what is happening, despite what was announced about the formation of an American-Iraqi military committee to sit with the international coalition.” ".

Al-Bayati added: “But those sitting on the Iraqi side in this committee are figures who have nothing to do with the issue of the withdrawal of coalition forces, including the Federal Police, whose work is linked to NATO, so they focused in the meeting on assessing the threat of ISIS and operational training, in addition to the most important One point, which is to strengthen Iraqi armed capabilities.”

The military expert stressed that "it is impossible for any withdrawal of international coalition forces to take place if the strengthening of armed capabilities and control of Iraqi airspace is not completed. Therefore, cooperation continues with the coalition, and even if a withdrawal occurs, the American forces will take a long time on this matter."

Al-Bayati stressed, "The American forces will not leave Iraqi airspace uncontrollably, so there will certainly be a strong security agreement between Baghdad, Washington, and the international coalition, and it is not easy to leave Iraq an easy prey for ISIS."
The Iraqi expert explained, "The Americans actually work in Iraqi military bases as advisors, but there are other forces to protect them, and thus their secrets and policies in the region remain with them. It is not easy to know their true number in Iraq, because they do not give their combat position to any party."

Al-Bayati ruled out that there would be any forced exit of the international coalition forces from Iraq, because the matter would have a negative impact on the entire country. Therefore, no forced evacuation of them would occur, but rather after assessing the situation regarding the extent of the threat and danger of ISIS.

American forces returned to Iraq in 2014 as part of the international coalition forces, at the request of the Iraqi government to support them in confronting ISIS, which invaded a large part of the lands in the north and west after the collapse of the Iraqi army units. link

"RV UPDATE" BY MARKZ, 30 JAN

MarkZ

[via PDK] Question: Are rates showing up on US bank screens? MarkZ: ...I have not personally seen them show up on the tellers screens yet ...But there are reports of tellers showing people the rates.

“US dollar exchange rate drops in Baghdad and Erbil” Iraq is going to be forced to pull that trigger sooner rather than later. This is a good sign for us and is going to force them to push forward with a value change. They want to be pegged to a basket to realize their full value.

“Urgent- The foreign ministry announces the success of the Iraqi-American negotiations on the presence of coalition forces in the country” This has really been some kind of week over there. Years ago Trump told us the troops would leave when Iraq gets revalued and we get paid.