Wednesday, January 31, 2024
Speculators took advantage of the region’s tensions to make profits in the dollar markets – Sudanese Advisor, 31 JAN
Baghdad – 964
Mazhar Saleh, financial advisor to the Prime Minister, confirmed that the rise in dollar prices these days is linked to regional security tensions, indicating that speculators have exploited these conditions to achieve profits under the pretext of fear and misfortune.
Saleh said in an interview with the official newspaper, followed by the 964 network , that “the issue is linked to regional security tensions, which provide colorful or ambiguous information that affects the decisions of speculators in the secondary exchange market when buying and selling, which prompts them to hedge by a point or two above the current market trading prices or prices.” Trading in it in such cases people are accustomed to it.”
He explained that it is “behavior practiced by speculative forces to achieve emergency or estimated 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 with 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.”
964media.com
"RV UPDATE" BY MILITIAMAN, 31 JAN
Militia Man
1310 is not a Real Effective Exchange Rate. I don't think the largest accounting firms in the world would be dealing with this, at this time, which they've never done before, we've never seen ever the Central Bank of Iraq talk about...the 13 [big accounting firms]...They have now.
An investment budget it's not going to work at 1310. They don't have enough dinar to do that...The project is to delete the zeros off the exchange rate. Once they have done that, they've applied the Real Effective Exchange Rate they're going to have to do things differently.
The world knows that. WTO...Bank of International Settlements ... IMF...US Treasury...US Fed - everybody seems to be the ones that are knowing it but they just haven't quite done it yet or are they working to finish a process that is highly complex? That's my opinion...
Tuesday, January 30, 2024
Pictures of the electronic payment card issuance service at gas stations, 31 JAN
Pictures of the electronic payment card issuance service at gas stations
Baghdad – 964
Today, Tuesday, the Petroleum Products Company, in cooperation with Rafidain Bank, launched the service of issuing electronic payment cards at fueling stations.
The company stated in a statement, a copy of which was received by the 964 network:
The company’s general manager, Mr. Hussein Talib, said that the company, in cooperation with the Rafidain Bank and electronic payment companies, has begun setting up kiosks at gas stations, specifically the Al-Mansour filling station in Baghdad, to issue cards for free to those who wish, indicating that the required documents are limited to the national card and the residence card, calling on citizens to issue cards and invest time for the purpose. Electronic supply, while he confirmed that the service will be introduced successively throughout Baghdad and the governorates.
964media.com
"RV UPDATE" BY MARKZ, 31 JAN
MarkZ
[via PDK]
...bank story from Canada... “My brother went to a Canadian Imperial bank of Commerce or CIBC in Saskatoon. Establishing his new bank account...my brother said he had several devalued currencies. Then he asked them if they were aware of the RV we are waiting on. She replied “Yes I am - I can’t say anything else as I am under an NDA from the bank“ So they cannot give details but they are ready .”
Question: Can the RV happen before the Mar. 11 fiat/asset backed flip?