"RV UPDATE" BY SANDY INGRAM, 6 FEB

 Sandy Ingram  

These are some of the major factors holding up the Iraqi dinar revalue...There's a lot at stake...First...Iraq relies on its oil export for revenue...If oil prices were to decrease suddenly, it could cause a  drain on Iraq's foreign exchange reserves as they try to stabilize their currency's value...Second...Iraq's political stability and security issues... Uncertainties make it challenging for investors to trust...making them hesitant to buy the dinar...

Thirdly...A sudden and significant increase in their currency's value could adversely affect their exports and trade balances.  It could also lead to inflation...  Balancing the exports and trade revenue is one of the key factors in deciding and implementing a currency revaluation.

Furthermore...Neighboring countries may retaliate by imposing tariffs or restrictions in response to Iraq's higher value in currency...A sudden revaluation potentially could destabilize other currencies...

Iraq could have a domino effect on the economies and currency values of countries like the U.S., China and Russia because these countries hold significant amounts of dinar in their reserves...The central bank of Iraq is under tremendous pressure to fit in when it comes to the revaluation of its currency. 

Iraqi Dinar🔥Value Very Very Strong💪 Hold Your Dinar-Iraqi Dinar News Tod...

Iraqi PM discuss the regional situation with Russia's ambassador, 6 FEB

 Iraqi PM discuss the regional situation with Russia's ambassador

Shafaq News/ Iraqi Prime Minister Mohammed Shia al-Sudani and Russia's ambassador to Iraq, Elbrus Kutrashev, met in Baghdad on Monday to address current developments in the region. 

According to Al-Sudani's media office, they discussed the recent regional development and its repercussions on the security and stability of Iraq and neighboring countries, as well as the economic challenges and energy supply. 

The Prime Minister emphasized the significance of global endeavors, specifically from permanent members of the Security Council, such as Russia, in ending the Gaza conflict, which affected the security and stability of the region.

Ambassador Kutrashev reaffirmed Russia's backing for Iraq's stability and security and showed a "keen desire" to enhance economic collaboration between the two countries. 

In addition, they delved into strategies for strengthening collaboration in the energy sector through OPEC+ and the major Russian companies' contribution to various projects across different sectors as part of Iraq's strategic development roadmap.

https://shafaq.com/en/Iraq-News/Iraqi-PM-discuss-the-regional-situation-with-Russia-s-ambassador

"RV UPDATE" BY PIMPY, 6 FEB

 Pimpy

  I'm sure by now you've heard already the United States is striking more targets...What we don't want to see is things escalating.  There was an emergency meeting called to figure out what it is Iraq wants to do or needs to do.  What we hope is their decision is not to enter into a conflict with the United States.  

   Where do you exchange your currency?  It's going to be at your local [bank] branch.  There are no redemption centers.  Some places won't charge you fees depending on how much.  Some of them have a flat rate.

What they're trying to do is a study of the deletion of the zeros.  They're trying to figure out how this is going to affect Iraq, to make sure they are in a position to go ahead and remove the zeros off the Iraqi dinar - currency, not the exchange rate.  Because once they make that decision...the citizens are going to be a little confused, there's going to be a slight interruption to the economy and to businesses who have to change all their bookkeeping as well as prices throughout Iraq...You need to educate the Iraqi people about what's going on...

The Big Picture What's Holding Up the Iraqi Dinar's Revalue

Iraqi forces destroy ISIS hideouts in Diyala, 5 FEB

Iraqi forces destroy ISIS hideouts in Diyala

Shafaq News/ On Monday, the Joint Operations Command (JOC) announced that the Iraqi airforces attacked ISIS hideouts in the Hawi al-Azim area in the Diyala Governorate.

In a statement, JOC said, "The Iraqi aviation destroyed terrorists' strongholds in Hawi al-Azim in Diyala Governorate."

The statement added, "Five terrorists were hidden in one of these hideouts."

Despite its defeat in 2017, ISIS sleeper cells still operate in Iraq, mainly in Kirkuk, Diyala, and Saladin, known as "the Triangle of Death."

https://shafaq.com/en/Iraq-News/Iraqi-forces-destroy-ISIS-hideouts-in-Diyala

"RV UPDATE" BY FRANK26, 5 FEB

 Frank26 

 IMO this week they're giving the government of Iraq everything needed to fund the budget.  The Central Bank of Iraq has finished with all its meeting... with all of its meeting with all of the people that are part of the monetary reform.  All of the contracts are also in position, waiting for this to happen as well.

How many times have we heard words electronic payment platform? .

..We keep hearing it constantly because that's the phase that the monetary reform is at right now.  It is preparing the vehicle where the dinar will get into it and drive out of the country domestically into an international market that will increase the value of the Iraqi dinar based on supply and demand...