"IT ALWAYS HAS BEEN, IS, AND WILL BE A PROCESS" BY GOLDILOCKS, 25 FEB

GOLDILOCKS 

I may leave that article above out to stand alone today for some time. For those of you who still have doubts that this is going to happen, look closely at that article until you finally get it. It's already happening, but it wasn't a push of the button was it? 

It always has been, is, and will be a process. 

One day, we will wake up to new price changes, and it will take us all by surprise. 

Your best intel going forward may very well be traders who work these markets. 

You know me by now, I do not want you to get too dependent on any intel provider. Watch for yourself rate changes on the cbi.iq 

© Goldilock

Iraq's Interest Rate CNY INR IDR VND SGD IQD Rates BY SANDY INGRAM

"THE DINAR IS A TIER #2 ASSET" BY ARIEL, 25 FEB

Ariel

@Prolotario1

What I am about to upload needs to be read carefully. Because it goes back to a lot of what I explained to you all. One thing you need to understand is that you hold what banks need during the transition period.

And that is a Tier 2 asset called the Iraqi Dinar. The article will explain this to you on a formal basis.

By having a strong Tier 2 capital base, banks can weather financial storms more easily and maintain their ability to lend money and support the economy. That’s where you come in. Your IQD is going to play a pivotal role once it is reinstated on the Forex Market.

Iraq will officially connect to corresponding foreign banks on March 1st to improve external balances.

After that will be the next big step and that’s becoming Article 8 Compliant and reinstating the IQD on global trade markets. After you read the article you will understand why banks had the meeting on February 20th for Tier 2 assets.

7:04 AM · Feb 24, 2024

Passing Through
@McKinle00935017

So it’s a “win-win” for us and the banks when we exchange after the revaluation? 

Ariel
@Prolotario1

Absolutely. You will be their lifeline. So they will treat you like royalty. No games will be played.

USD exchange rates record new downward trend in Baghdad and Erbil, 25 FEB

 USD exchange rates record new downward trend in Baghdad and Erbil

Shafaq News / The exchange rate of the US dollar against the Iraqi dinar decreased in Baghdad Erbil, the capital of the Kurdistan Region, with the closure of the stock market on Saturday. 

According to our correspondent, the dollar prices decreased with the closure of the main Al-Kifah and Al-Harithiya exchanges in Baghdad, reaching 151,700 IQD per $100, compared to 151,950 IQD per $100 recorded earlier in the day. 

The selling prices at currency exchange shops in local markets in Baghdad also decreased, with the selling price reaching 152,750 IQD per $100, while the buying price was 150,750 IQD per $100. 

In Erbil, the dollar also experienced a decrease, with the selling price reaching 151,600 IQD per $100, and the buying price at 151,300 IQD per $100

https://shafaq.com/en/Economy/USD-exchange-rates-record-new-downward-trend-in-Baghdad-and-Erbil

"RV UPDATE" BY PIMPY, 25 FEB

PIMPY

  Community Comment:  "Thanks for the let down once more that Iraq will never RV."  I never said it would never RV.  Never.  In fact I'm the one that said it's going to go up in increments.

Question: "There have been some references...regarding some Iraqi banks in the US, have you heard  about any of thee banks on US soil?"  Here you go:  You have the Iraq National Bank that's in New York. Rasheed Bank that's in New  York.   North Bank that's Dearborn Michigan, The Bank of Baghdad is in New York City, TBI Bank which is in Washington DC.  These are  the Iraqi banks that are currently in the US...    

Community Comment: "IMO I think a $1.28 would be a sweet spot for the RV and then go up from there."  $1.28 would be pretty nice if we can get it but IMO if they want to make sure not to really crash their economy they're going to have to go up in smaller increments...I know you guys don't like to hear that and it makes me the bad guy.  You might see it go somewhere from...1310 for every dollar...to around 1,100 dinars for every dollar or maybe even 1,000 dinars for every dollar, then from there down to like 700s...small increments.

https://dinarevaluation.blogspot.com/2024/02/rv-update-by-pimpy-23-feb.html

 Community Comment: "Once the 3 zeros are deleted, establishing IQD's REER, then the rate will go up in increments."   That's not what you want.  You do not want them to delete the zeros before the rate goes up.  If they delete the three zeros off your currency then your 25,000 dinar becomes a 25 dinar and then they raise the rate?  That's not going to help you.  We'll see what happens.

 If you're going to exchange your Iraqi dinar, let's just say for the sake of this particular example...3 to 1, congratulations you now got millions of dollars.  So you go and you swap your currency and they're saying, 'Hey, you got $3 million in your account.'  Yah!   You can't say to them I want $3 million dollars because the bank doesn't carry money like that no more. They might say...we are going to allow you to carry out $5,000 for today cash but we're going to have to set an appointment with you to come pick up the rest of the cash...If they have to order currency for you, they're going to charge you a fee because they have to pay a fee...

https://dinarevaluation.blogspot.com/2024/02/rv-update-by-pimpy-21-feb.html

Iraqi dinar | Green Signals Coming from Us On Iraqi dinar Rv | Iraqi din...

Iran announces decline in trade with Iraq over the past 11 months, 25 FEB

Iran announces decline in trade with Iraq over the past 11 months

Shafaq News / The Iranian Customs Authority announced on Saturday that ten countries accounted for 84% of its total trade over the past 11 months, amid a decline in trade with Iraq during this period. 

According to a statement from the Iranian Customs Authority, trade with these ten countries amounted to 136.064 million tons valued at $88.441 billion during the mentioned period. 

The statement highlighted that the top trading partners with Iran, constituting 84% of the country's total trade with the world, are China, the United Arab Emirates, Turkey, Iraq, India, Pakistan, Russia, Oman, Germany, and Afghanistan. 

It was further mentioned that trade with Iraq decreased by 5% in terms of value and by 1% in terms of quantity over the 11 months. 

The statement continued, noting that trade with Russia saw the highest increase among the top 10 trading partners, with a quantity increase of 54% and a value increase of 24%. 

Noteworthy, Trade between Iraq and Iran is characterized by deep economic ties and mutual dependency, with both countries serving as significant trading partners. 

Their relation is bolstered by geographical proximity, historical connections, and complementary economic needs. 

Energy trade, particularly in crude oil, natural gas, and electricity, forms a substantial portion of the bilateral exchange. 

Cross-border commerce facilitated by numerous active border crossings plays a vital role in facilitating the movement of goods and people between the two nations. 

Both countries operate within a legal framework governed by bilateral agreements and international trade regulations, although informal trade also contributes to overall trade volumes. 

Overall, trade between Iraq and Iran stands as a crucial component of their respective economies, offering avenues for investment, commerce, and mutual prosperity.

https://shafaq.com/en/Economy/Iran-announces-decline-in-trade-with-Iraq-over-the-past-11-months