More Iraqi dinar news BY NADER FROM MID EAST

Iraq.. Expectations of the dollar spread to revale and return to the official price, 3 MARCH

 Iraq.. Expectations of the dollar spread to revale and return to the official price

The economist, Safwan Qusay, expected today, Saturday, the dollar difference in Iraq to recede and return to the official price after a series of financial and economic measures taken by the government of Mohammed Shia’ Al-Sudani.

Safwan said {Al-Furates News} that: “The mechanisms of the central bank previously did not know who is asking for dollars from the irregular market, and after legitimizing the financial transfer process, the demand for the dollar in the irregular market began to enter the electronic platform.”

“Gradually with the adjustment of border crossings and facilitating the task of demand, I think the difference will recede and return to the official price,” he added.

“The Central Bank is now investing in spreading financial inclusion and investment by Iraqi banks and deploying (POS) at the sector and private level,” Qusay said, stressing that “all government units are currently required to issue credit cards and that procurement committees buy from their economic units (POS).”

He explained, “Controlling the movement of the dinar and knowing where it comes from and where it moves will help in commercial regulation and enhances increasing the level of international investor confidence in financial procedures, as we have the file of money laundering and terrorist financing and currently with the expansion of the circle of financial inclusion, we will be able to where the dinar goes.”

He concluded by ruling, “The existence of 70 trillion Iraqi dinars outside the banking system, and when it enters this system, it will turn into a productive dinar, which is what the Sudanese government seeks to achieve.”

The Central Bank of Iraq, according to its sales table, determined the cash sale price (1305) dinars per dollar.

https://alforatnews.iq/news/العراق-توقعات-بإنحسار-فارق-الدولار-والعودة-الى-السعر-الرسمي

"RV UPDATE" BY MILITIAMAN, 3 MARCH

 Militia Man

  They're holding this 2023, 24, 25 budget close to the chest.  Why?  Because they need to wait for that special moment in time...  

Iraq has the attention of the world when it comes to ascension [into the WTO].  We have more than...the WTO, We have the World Bank...the ITC...Saudi Arabia....Armenia, the International Foundation for Corporations...What do they need with that?  They need freedom of capital movement.  That's article VIII compliance...What a time to be an investor in the Iraqi dinar...

 Iraq is going to have a lot of inflows.  They're going to need to make things stable... To be able to defend their currency they're going to need to keep pricing stable...All these guys, the World Trade Organization all know that. 

 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...

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-militiaman-2-march.html

💥President Joe Biden Announcement Iraqi Dinar Revalued On 24 - 36 Hours ...

The Minister Of Oil Discusses With His Iranian Counterpart Joint Investment In Oil Fields, 3 MARCH

 The Minister Of Oil Discusses With His Iranian Counterpart Joint Investment In Oil Fields

Information/Baghdad..  Today, Saturday, Deputy Prime Minister for Energy Affairs and Oil Minister Hayyan Abdul-Ghani discussed with his Iranian counterpart joint investment in oil fields.

A statement from the ministry received by Al-Maalouma stated that "the Minister of Oil met with Iranian Oil Minister Jawad Oji and discussed with him the prospects for joint cooperation between the two countries in the fields of oil and gas, infrastructure projects, and joint investment in the oil fields shared between the two countries."

The statement added that "the meeting came on the sidelines of the attendance of the Deputy Prime Minister for Energy Affairs and Minister of Oil at the seventh summit of the Gas Exporting Countries Forum in Algeria." End 25   LINK

"RV UPDATE" BY MARKZ, 3 MARCH

  MarkZ

   [via PDK] 

  Question:  Could Iraq RV during Ramadan?  

MarkZ:  There is a historic precedence to go during Ramadan.  For Muslims most things slow down at this time…and they do not like doing business at that time…but, it doesn’t mean they won’t...but it sure would be more convenient to go right before it. [Dinar Guru Note:  Ramadan is expected to begin on Monday, March 11, and continue through Wednesday,April 10.]

..a number of group contacts are expecting liquidity the first of the week…Monday or Tuesday. The chatter is strong amidst a number of group contacts. We all hope this is actually it this time.

  I have one source close to the WTO that thinks it will be mid March for the actual ascension…It is clear it is now inevitable they are heading this direction.

WOW💥Vietnamese Dong, Zimbabwe Dollar & Iraqi Dinar RV Reinstatement on M...