"RV UPDATE" BY MILITIAMAN, 1 MARCH

 Militia Man 

   How are you going to finance one of the biggest world projects at 1310 when your valuation of your country is far greater than any other country in the region per kilometer? ...What value are they going to use to value the operational side of of the budget for 2023 and investment side for 2023?  ...If they haven't gone to a private sector at 1310 obviously there's an circumstance that suggests they're not going to into a private sector at 1310...

Everything we've been seeing in the news...is quite intense in respect to a lot of the things we've been talking about... Article:  "Iraq's Minister of Trade: We seek to join the World Trade Organization and expand our economic relations with the world"  That's pretty bold.  Quote: "...Iraq is now able to enter the global trade market through the organization on a large scale."  There you have it...That is a massive quote.

  Article quote:  "Deleting the zeros...does not conflict with its value but needs educational campaigns to proceed it and a traditional period for trading the currency with zeros and the new currency to know the two currencies are equal in value."   If they are going to be equal in value...a dinar is a dinar is a dinar.  A dollar is a dollar.   When it comes to an international stage a dinar is not a dollar, nor is a dollar a British pound or a Japanese yen.  There's a difference in value.  Are they one of each?  Of course they are...But are they valued the same?   Absolutely not...

 They're talking about deleting the zeros again...We're not talking 1, 2 or three articles...

 Article quote:  "The issue of deleting the zeros and splinting the dinar has become a topic that causes a lot of reflection and controversy in economic circles..."  

 If you go from 1310 to something back to a 'previous era'...is a big move ...Article quote: "When this is done correctly we can expect...a strong dinar that is considered a store of value and perhaps even stronger than the dinar that was before 1980."

 Iraq is going to explode with growth.  We all know that...You're going to provide thousands  and thousands of jobs and build 10 industrial cities, millions of homes...it creates a lot of growth.  It creates a lot of jobs...    

https://dinarevaluation.blogspot.com/2024/02/rv-update-by-militiaman-26-feb_02070859503.html

https://dinarevaluation.blogspot.com/2024/02/rv-update-by-militiaman-28-feb.html

Iraqi Dinar🔥Investor Alert Finally Dinar Globally Currency Reset On Marc...

International monetary indicates the decline in inflation rates and the stability of the foreign exchange market in Iraq, 1 MARCH

International monetary indicates the decline in inflation rates and the stability of the foreign exchange market in Iraq

Shafaq News / The International Monetary Fund, a “remarkable decline” in inflation rates, which is reflected in the decline in food and energy prices in addition to the stability of the foreign exchange market in Iraq, according to the Ministry of Finance.

The ministry said in a statement that an Iraqi delegation headed by Finance Minister Taif Sami concluded today, Thursday, its discussions with the Article IV mission of the International Monetary Fund experts in Amman, during which the implementation of the economic reform program and the improvements achieved by the Iraqi government in the field of development structure, financial sustainability and maximization of non-oil revenues were reviewed.

The statement quoted the delegation as confirming that the Fund promised to support development programs to promote public financial management, digital transformation, banking, retirement and customs sectors, and to enhance private sector participation efforts through investment incentives, infrastructure and reconstruction, indicating its intention to continue discussions and consultations during the Fund’s periodic annual meetings.

The statement added that the IMF mission praised “the return of growth in the non-oil sector strongly during 2023 with a noticeable decline in inflation rates, and this reflected on the decline in food and energy prices.”

According to the statement, the mission “noted the positive developments of the return of trade finance operations to their normal course and the stability of the foreign exchange market following the implementation of anti-money laundering and anti-terrorism financing controls on cross-border payments.”

It is noteworthy that the IMF Article IV consultations are bilateral meetings held annually between the IMF and member states, after which a team of IMF experts meets the member country and holds formal consultations with its officials.

https://www.shafaq.com/ar/اقتصـاد/النقد-الدولي-ي-شر-انحسار-معدلات-التضخم-واستقرار-سوق-صرف-العملات-ال-جنبية-بالعراق

"RV UPDATE" BY CLARE, 1 MARCH

 Clare

  Article: "Iraq completes requirements to join WTO”  Quote: "The Iraqi Minister of Trade, Atheer Al-Ghurairi, affirmed that Iraq fulfilled the conditions necessary to become a member of the World Trade Organization (WTO) following the completion of economic reforms and the enhancement of the investment climate."

 Article: "Prime Minister: The government has placed the issue of economic and banking reform among its most important priorities "

Article:   "The Minister of Commerce discusses in Abu Dhabi with the World Trade Organization the completion of procedures for Iraq to join the organization”  

Quote: “The organization is looking forward to and following the steps for Iraq’s accession carefully, given that Iraq is one of the important and powerful economies that is still outside the organization, and that Iraq’s presence within the organization’s membership will be a great added value to the organization and to the global economy.”

Iraqi Dinar🔥RV Status Of Iraqi Dinar Update By MNT Goat Today 2024🔥iraqi...

For The Third Month... Basra Crude Oil Continues To Soar And Achieves Weekly Gains, 1 APRIL

 For The Third Month... Basra Crude Oil Continues To Soar And Achieves Weekly Gains

Economy | 03/30/2024  Mawazine Yunuz – Baghdad  Basra crude achieved weekly gains, with global oil prices recording gains for the third month in a row.

Basra Heavy crude closed, in its last session on Friday, at an increase of 97 cents to reach $83.47, recording weekly gains of $2.07, equivalent to 3.18%.

Basra Intermediate crude also closed in its last session at an increase of 97 cents, reaching $86.30, and also recorded weekly gains of $2, or the equivalent of 2.37%.

Global oil prices witnessed strong increases during recent weekly market transactions, with prices heading for gains for the third month in a row. https://www.mawazin.net/Details.aspx?jimare=244858

Central Bank announces the increase in the volume of foreign reserves from 140 to 148 trillion dinars, 1 MARCH

 Central Bank announces the increase in the volume of foreign reserves from 140 to 148 trillion dinars

Mawazine News – Baghdad
The central bank announced that it was able to reduce inflation levels in the country, increase foreign reserves and the volume of deposits in banks and expand electronic payment tools, at a time when the House Finance Committee has made proposals to develop the banking system.

Deputy Governor of the Central Bank Ammar Khalaf said during the opening of the exhibition and the eighth annual conference on finance and banking services, that “the country faced during the past year a series of challenges, but the Central Bank addressed them with high responsibility, as it was able through various monetary policy tools and the right decisions to achieve its goals set in its law, as well as achieve the general level of prices, by reducing the inflation rate, as the inflation rate reached 7.5 percent at the beginning of 2023 and fell at the end to 4 percent.”

Khalaf pointed out that “last year witnessed a clear growth in most of the monetary changes, including the increase in the volume of deposits in the banking sector from 129 trillion dinars during 2022 to 131 trillion dinars in 2023, as well as an increase in private sector deposits in the banking system from 54 trillion dinars to 55 trillion dinars, as well as the increase in the volume of credit in the banking sector from 60 trillion to 69 trillion during 2023, in addition to the rise in dependence in the private sector from 35 to 40 trillion dinars, with the increase in the volume of foreign reserves from 140 to 148 trillion dinars.”

https://www.mawazin.net/Details.aspx?jimare=242943