DINAR REVALUATION

Thursday, February 29, 2024

💥20 Years Wait Over Finally Dinar & Dong RV Approved | Iraqi Dinar Lates...

Financing Foreign Trade, 29 FEB

Financing Foreign Trade

Economical 02/28/2024 Muhammad Sharif Abu Maysam Banking institutions and other financial institutions, such as insurance companies, play a prominent role in financing foreign trade, as their role is not only limited to providing services for financial transfers in the field of foreign trade and reducing payment risks,

but also applies to the applications of the concept of financing as a tool to support competitiveness and facilitate business management.

Trade to include all large, medium, small and micro projects that contribute to achieving self-sufficiency in goods, and thus stimulating trade and the ability to export, meaning that the concept of “foreign trade financing” involves a financial activity based on providing direct or indirect support to trade as

As a result of a good business environment. Hence, what is being said about canceling the currency auction in the Central Bank as the approved tool for organizing the financing of foreign trade in hard currency over a period of more than twenty years, and moving to the first stages of managed flotation, by transferring the responsibility for financing to banks directly through the foreign currency they own.

It is, in fact, a financial activity that involves a privilege that must be conditional, as

banks that have qualified for electronic financial exchanges with correspondent banks abroad are usually characterized by accuracy and compliance with international banking standards after they gained the trust of those in charge of monetary policy in the country through the standards of successful banking work.

Foremost among these is the advantage of working in a comprehensive banking system, as

a bank that reaches the level of opening documentary credits and conducting external transfers electronically cannot be achieved unless it enjoys what any international bank enjoys, such as providing all available electronic payment services, and ensuring the presence of an electronic mechanism for auditing invoices and transfer operations.

With the Money Laundering Office at the Central Bank, in addition to the importance of the bank’s capital approaching a level that exceeds the volume of transactions, or at least 450 billion dinars before the end of the year 2024, as stated in the Central Bank’s instructions in this regard, and that

the bank is committed to the legal reserve and to the instructions of the Money Laundering Office.

He had never witnessed such delay before In paying public deposits.0 In view of this, there must be a real evaluation of credit rates, as they are the most important pillar of banking work,

which makes a serious contribution to supporting the sustainable development that everyone demands, through a fair circulation of the monetary mass issued between deposits and credit rates, and supporting economic projects in the business environment, in a way that contributes to financing. Internal and external trade. https://alsabaah.iq/92570-.html

"RV UPDATE" BY SANDY INGRAM, 29 FEB

Sandy Ingram

Iraq and Turkey have an agreement where people and cargo can begin travel...up through Iraq...into Turkey and...into the Mediterranean Sea, which will allow...faster access to Europe. This project is expected to increase Iraq's GDP, provide thousands and thousands of more jobs and kickstart Iraq's economy foundation outside of the oil industry.

The interest rate in Iraq averaged 6.17% from 2004 until 2024 reaching an all time high of 20% in December of 2007 and a record low of 4% in March of 2016. 6.17% is a high rate, yet they still are having trouble getting the Iraqi people to put their money into the bank. Iraq does have a bank deposit protection program similar to the US's FDIC.

[Dinar Guru NOTE: For comparison the average US bank account offers .47%. You can find high yield savings accounts that offer around 5%]

The problem for Iraqi dinar investors is no US banks and few banks worldwide will allow transactions using the Iraqi dinar.

Bankers turn their noses up when people ask about Iraqi dinar and this is one of the reasons the investment is called shady.

ANALYSIS OF IRAQ NEWS

Iraq's tourism could easily increase to over 10 billion US dollars a year, comparing it with Egypt's tourism.

The problem for people in the United States is no bank in the US will do any transactions using the Iraqi dinar. Until this changes we have to find other ways to pull our profit out of Iraq. We can do this. I found one way and will discuss it in a an upcoming [post]...

There is an organized effort in Iraq to never revalue or increase the value of the currency abasing the US dollar or to provide profits for people in the west...Between the different factions within Iraq, revaluing their currency, even when they can afford it, may not be on their agenda...

Iraq is getting closer to a currency reset...Iraq's rail plans have investors worldwide watching carefully...The rail connection in Iraq from the Gulf to Europe will change Iraq's economy. This same method of increasing the GDP was recently used by Mexico when they built a connecting rail system...Mexico's exchange rate increased against the US dollar and now Americans are spending more money to live in Mexico... This is one of the major paths that can lead to a higher GDP and a higher value in the currency. The project is set to start in early 2025.

The International Monetary Fund has consistently recommended Iraq develop additional streams of income outside of the oil industry. Iraq holds a significant amount of the world's history within its borders...What is needed is security and safety for travelers. Once safety issues are address and the Euphrates and Tigris Rivers are flowing again there will be substantial annual revenue to help boost Iraq's GDP.

" Iraq's central bank revokes Iran's Bank Melli operating license" This article tells us the US is serious about not allowing Iran to have access to US dollars. It also tells us Iraq is serious about aligning with the US Treasury Department to maintain access to over one hundred billion US dollar of its money in the Federal Reserve.

Vietnam is making major financial news. Vietnam factory activity returns to growth status after the pandemic, tourist arrivals increased by 73.6% in January and retail sales are still growing for the 26th straight month. The inflation rate is at a five month low of 3.7%. Overall Vietnam has green lights on all growth patterns...Vietnam knows precisely what to do to bring the value of its currency back into the line of profit...

https://dinarevaluation.blogspot.com/2024/02/rv-update-by-sandy-ingram-12-feb_040016202.html

Iraqi dinar | Iraqi Dinar Exchange Rate is About to Change | Iraqi Dinar...

Wednesday, February 28, 2024

US State Department: Barzani discussed the repercussions of withdrawing our forces from Iraq, 29 FEB

US State Department: Barzani discussed the repercussions of withdrawing our forces from Iraq

Mawazine News – Baghdad

US State Department spokesman Matthew Miller announced that Secretary of State Anthony Blinken expressed, during his meeting with the Prime Minister of the Kurdistan Regional Government, his support for “constructive cooperation” between the Iraqi government and the Kurdistan Regional Government.

He described the relations between the two sides as “unique in the region” in many ways, noting that the Kurdistan Regional Government was “an important partner for stability in the region.”

Miller stressed the importance of the American partnership with the Kurdistan region of Iraq. In the context of their enduring mutual commitment to regional security and their shared values, including good governance and respect for human rights. Minister Blinken expressed his support for constructive cooperation between the Iraqi government and the Kurdistan Regional Government, in addition to strengthening unity within the Kurdistan Region of Iraq to enhance stability and economic prosperity for all Iraqi people. This is not the first time the Minister has met the Prime Minister, as we have held meetings in other contexts. Regarding the timing of the meeting. There was nothing else on the topic and we wanted to continue the conversation.

https://www.mawazin.net/Details.aspx?jimare=242831

"RV UPDATE" BY WALKINGSTICK, 29 FEB

Walkingstick

The market will definitely tell you a change is coming to the exchange rate. These are the reasons why it was so important to know what to look for next. The market can carry a dual rate. It should not but it does. It carries both rates at one time. One that is official and the one that is not. This dual pricing in the market for them to collect even more 3 zero notes. But they surpassed this goal. There is no need for a dual pricing in the market because they got a whole lot of dinars to return back...

IMO the monetary exchange rate has been monitored to deal with internal inflation in the country of Iraq. The RV phase of the monetary reform brought forth all the calculations in order to succeed with the citizens first...Therefore when they reprice the market in Iraq get excited.

"BANK STORIES" BY WALKINGSTICK & FROG VIA BEARDED PATRIOTUSA, 25 FEB

WALKINGSTICK

[Mr. IT Guy Bank Story]

My brother asked [JP Morgan Wealth Manager] whether he could bypass the US dollar and exchange straight from the IQD to gold and silver and the private banker said he didn't know but he would find out and call him back.

MILITIA MAN: My understanding is that is possible...I have been told some time ago by more than one source that if the currency is traded on the FX...an international acceptable foreign exchange currency...they'll take that currency in exchange for precious metals.

My wife and I...were looking for a Chase branch that had JP Morgan Wealth Management printed on the door as well as Chase...I'm in a large metropolitan area...We found one near us...My brother took it upon himself to call the branch yesterday. He specifically asked for a private banker...My brother asked him if they exchange foreign currencies and if he was aware of the Iraqi revalue of their currency.

The private banker said yes he was and that they would be exchanging at that location...and names and numbers he's taking will get priority over anybody else that calls or walks in after the revalue..

As soon as it hits Forex he's going to start making phone calls...He told my brother they were expecting a number of people to be coming in and were preparing for that, a bunch of new people with wealth is...exactly what he told my brother...They're planning on having police officers available at the location for those customs that are planning on leaving the establishment with large sums of cash...

MILITIA MAN: ...Is it a coincidence that this expert came out tonight and talked about deletion of the zeros? We're going to find out. It's pretty interesting stuff.

https://dinarevaluation.blogspot.com/2024/02/complete-mr-it-guy-bank-story-by.html

https://dinarevaluation.blogspot.com/2024/02/mr-it-guy-bank-story-by-militiaman-19.html

https://dinarevaluation.blogspot.com/2024/02/rv-update-by-walkingstick-27-feb.html