You are seeing things from the BIGGER picture that truly affects the currencies we hold. The fall of the dollar leads to the rise in the value of other CURRENCIES, some of which we hold
Here’s the article posted yesterday in case anyone missed it
Decrease In Dollar Exchange Rates On The Baghdad Stock Exchange
Economy Sunday, February 18, 2024 10:29 AMBaghdad/National News CenterToday, Sunday, the exchange rates of the US dollar witnessed a slight decline in the markets of the capital, Baghdad.
Dollar prices fell with the opening of the Al-Kifah and Al-Harithiya stock exchanges to record 152,300 dinars per 100 dollars, while yesterday, Saturday, prices were 152,450 dinars per 100 dollars.
Regarding the selling prices in the exchange shops in the local markets in Baghdad, they decreased, as the selling price reached 153,250 dinars, while the purchasing price reached 151,250 dinars for every 100 dollars. https://nnciraq.com/250906/
Article: "Sudanese Advisor: Iraq is on the cusp of a transitional stage in the development of promising economies globally" Article quote: "...international studies estimate that the share of natural resources per square kilometer relative to the area of our country is the highest in the world.”
Article: "Parliament hosts the governor and officials of the Central Bank regarding sanctions on Iraqi banks"
Article: "Economist: The window for selling the currency ends in 2024, and the central bank will devote itself to supervision"
Quote: "The Central Bank of Iraq decided to end the currency window process and adopt correspondent banks as an alternative. There will be a new mechanism to provide currency for transfers without returning to the currency window or the electronic platform ."
ANALYSIS OF IRAQ NEWS
Article: "Saleh: Iraq is experiencing high price stability and the decline of parallel market noise "
Article: "Netherlands: About 60 thousand Iraqis live in our country and we are waiting for the Sudanese to visit"
Quote: "Dutch Foreign Minister Hanke Bruins-Sloot announced on Tuesday that about 60,000 people from the Iraqi community live in her country, while she confirmed that Amsterdam is awaiting an upcoming visit by Prime Minister Muhammad Shiaa Al-Sudani. "
Article "Iraq increased its possession of the yellow metal to more than 142 tons" Quote "Iraq announced the purchase of gold in the year 2023, amounting to approximately 12.25 tons."
Article: "The Governor of the Central Bank of Iraq receives a delegation from the World Bank"
Separate article quote: "The World Bank confirmed on Wednesday that the infrastructure for electronic payment systems in Iraq is the best in the region."
A prominent US official who just returned from Baghdad objected to describing the military dialogue with Iraq as “negotiations,” saying that what is happening between the two countries is “talks to develop a security partnership,” while stressing that partners in the Iraqi government have “valuable views” on the threat facing Iraq, and it is currently not related to ISIS as a top security priority, according to his statements to the 964 network .
The US official, who spoke of “fervent discussions” between the US State Department and the Pentagon on attacks against their soldiers in Iraq, said that the list of “hostile” targets was drawn up and targeted in isolation from the Iraqi-American dialogue.
This official, who spoke to Network 964 by phone, when he was returning from an official business trip in Baghdad, expressed optimism for a greater role for Prime Minister Mohammed Shiaa al-Sudani after the recent decline of faction attacks against US bases in Iraq.
Seek the expertise of an Asset Protection Specialist...Hiring a Team: Tax Professional, Wealth Manager, Attorneys, etc...is a waste of money and time. Hiring an Asset Protection Specialist is the best way to prevent lawsuits, mitigate and manage taxes, and estate planning. "Hiring A Team" is like hiring a pack of wolves to guard your hen-house.
[NOTE: Speak to many different financial experts to find the right expert for your unique situation.]
International attorneys told me...there would be ten off premises exchange locations allocated by regional population throughout the Nation. I am assuming they are using the 10 United Nations Regions, roughly the same as Federal Regions...I was told...there would be an exchange facility in the most heavily populated city in that region. For instance, Region ten encompasses Washington State and Seattle would be the location for that region...Also, by Off Premises, I mean locations that were NOT inside banks but usually nearby to a participating bank...These are what the unlearned are calling Redemption Centers.
Some opine that there is no such thing as a Redemption Center while others claim to be in contact with such Centers and their personnel. What they (redemption centers) are, is a simple solution to a simple problem.
Many of the large banks in heavily populated urban centers were concerned about having the Dinar traffic clog their lobbies at exchange time. The solution is to have a separate, off-premises, specialized, Exchange Center, complete with Delaru computer, in the most populated city in each of the 10 federal regions...I haven't been informed of any changes.