Iraqi Dinar | Sudani Push CBI to Revalue IQD And Launch Exchange Rate | ...

CLARE:Saleh confirms Iraq's monetary sovereignty and reduces the effects of speculation in the parallel market, 6 MARCH

 CLARE

Saleh confirms Iraq's monetary sovereignty and reduces the effects of speculation in the parallel market

3/5/2024

The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, ruled out any effects on the exchange market due to “speculation” of the dollar in the parallel market.

Saleh told Al-Furat News Agency, “The effects on the exchange market no longer represent the real price operations of the basic market forces.”

He stated, “Parallel market operations are nothing but illegal speculative acts that profit from accidental profits on individual or marginal transactions and are undertaken by forces of speculators working against the law. This irregular parallel market has become isolated from the power of the official or regular market since the end of the legalization of economic transactions and the prohibition of...  Any transactions in dollars in clearing debts within the national economy between natural and legal persons, as today any internal contracts, transactions or obligations concluded in foreign currency and denominated in a currency other than the national currency are not legally valid.”

Saleh noted that "this confirms the monetary sovereignty of our country through the stability of the national currency and dealing in it alone without the participation of foreign currencies in internal economic operations."

Raghad Dahham

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"RV UPDATE" BY MILITIAMAN, 6 MARCH

 Militia Man 

 They're going to have a very strong country...Iraq's foreign reserves are huge, historic in history, all-time high and they increased their gold supply another 10 tons.  You can see the direction they're going and why they're getting praises...

 The Central Bank of Iraq just told Iraq that you guys can use dinar to buy multi-currencies.  To do what?   Clearing and settlement in the system with accurate and facial data.  Those two things right here are solidifying that there's something happening...

 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

Iraqi Dinar🔥Windows Open Tomorrow Nader Says Latest Update Today 2024🔥ir...

"RESPONSE TO FRANK'S POST "BY DEEPWOODZ, 6 MARCH

 Deepwoodz 

 [Response to Guru Frank's post below]   

The listing USD/IQD = 2.81 would mean $1 = 2.81 dinar.  Not the other way around. Even if this is true, definitely an improvement worthy of praise.   If you want to see the value of the dinar, simply list it the other direction. i.e….

IQD/USD. Which equals .355.  1 dinar =0.35$ 

[DINAR GURU NOTE:  To see the dinar at different possible rates use the Dinar Guru calculator.  You'll find the link in the navigation bar at the top of this page...it's free to use for Dinar Guru community!]

CLARE:Details of Al-Sudani’s discussions with the International Finance Corporation delegation, 6 MARCH

 CLARE

Details of Al-Sudani’s discussions with the International Finance Corporation delegation

3/5/2024

Haider Hisham

 

Today, Tuesday, Prime Minister Muhammad Shiaa Al-Sudani stressed the importance of supporting projects associated with the Development Road Project

 

The Prime Minister’s Media Office stated, “Prime Minister Muhammad Shiaa Al-Sudani received a delegation from the International Finance Corporation/IFC, headed by the institution’s Vice President for Middle East Affairs, Hala Sheikh Rouhwa.”

 

He explained, "The meeting witnessed a review of the areas and prospects of cooperation between Iraq and the institution, which is one of the institutions of the World Bank," stressing that "the government is continuing with economic reforms and measures to improve the investment environment, as well as implementing projects that contribute to increasing the gross domestic product and supporting non-profit sectors." Oil and empowering the private sector.

 

The Prime Minister called on the Corporation to open a training institute in Iraq that specializes in developing banking work, preparing economic models for projects, and supporting the Iraqi private sector’s trends in the obesity and construction materials industry, with increasing demand following the progress of new city projects, as well as developing the capabilities of the General Company for Carbon Economics. Which Iraq is working to establish.

 

He stressed "the importance of supporting projects associated with the Development Road Project, as well as completing the discussion of plans prepared for the rehabilitation of Baghdad International Airport, which are sponsored by the Corporation."

 

For her part, Hala Rawha indicated, “The institution’s readiness to cooperate with Iraq in all fields, and appreciated the government’s role in expanding reforms and adopting a path that contributes to reducing carbon emissions,” pointing to “continuing work to complete plans to rehabilitate and expand Baghdad International Airport, and support sustainable development.” Promoting the growth of diverse economic sectors...

 

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