Iraqi dinar Revaluation Latest update 🔥Iraqi dinar today RV update

CLARE:A parliamentary movement to amend the Industrial Investment Law.. These are its goals, 6 MARCH

 CLARE

A parliamentary movement to amend the Industrial Investment Law.. These are its goals

 Baghdad

 The House of Representatives is preparing to put forward the draft Fourth Amendment to the Industrial Investment Law for the private and public sectors for a vote after the relevant committees finish it.

 A member of the Parliamentary Investment Committee, Muhammad Al-Ziyadi, told the official newspaper Mawazine News that the draft law was read for the first and second time, and all its paragraphs were completed, noting that there is one controversial point, which is between ownership and rent, which may hinder its approval.

He pointed out that there is a proposal from the Economy and Investment Committee that the ownership rate be 50% of the market price, noting that the Investment Committee is moving toward an implicit rental allowance that provides income for the state.
He added that these two proposals will be presented to the House of Representatives, as the representatives circulated the draft law a week ago and it was agreed to present it to Parliament for a vote.

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"RV UPDATE" BY SANDY INGRAM, 6 MARCH

SANDY INGRAM

10 weakest currencies in the world:  The value of a currency depends on supply and demand while some are pegged, meaning the currency is valued at an agreed rate.  The foreign exchange rate is an indicator of a country's economic wealth.  #10 The Iraqi dinar - inflation and political instability are the given reasons.  #9 Ugandan shilling (USH)... #8 Paraguayan Guarani (PYG)...land locked in South America #7 Guinean Franc (GNF)... #6 Uzbekistani Som (UZS) 1 USD = 12,501 UZS  #5 Indonesian Rupiah (IDR)  #4 Laotian Kip (LAK)...only land locked country in Southeast Asia.  #3 Sierra Leonean Leone (SLL).  #2 Vietnam Dong (VND) #1 Iranian Rial (IRR)

US Department of State Website Article: "Secretary Antony J. Blinken and Kurdistan Regional Government Prime Minister Masrour Barzani Before Their Meeting " 

 The Iraqi Kurdistan prime minister has not been in Iraq at all for several days, but in Washington DC, meeting with Secretary Blinken.  They are discussing what went down in the first quarter of this year in Iraq.

Iraqi Dinar & Dollar - IQD Dinar Update - Return to Value - Digital Tran...BY MILITIAMAN

CLARE:Economist: Implementing the automation system is a devastating blow to money smugglers, 6 MARCH

 CLARE

Economist: Implementing the automation system is a devastating blow to money smugglers

3/5/2023

Baghdad

Economic expert Abdul Hussein Tawfiq confirmed today, Tuesday, that implementing the automation system in the banking system is a devastating blow to money smugglers and corrupt people.

Tawfiq said in an interview with Mawazine News, “Implementing the electronic “automation” system is in the interest of Iraq and will generate abundant funds for it.”

He added, "The tone of Finance Minister Taif Sami was very nervous, which indicates the presence of parties obstructing the implementation of the automation system."

He pointed out that "implementing the automation system will enable the state to limit corruption and end smuggling operations."
Tawfiq pointed out that “implementing the automation system is a step in the right direction by the government.”
He continued: "We hope for the best if the automation system is implemented in Iraq and it will generate a lot of money for the state treasury."

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KTFA CHAT DISCUSSION, 6 MARCH

 KTFA:

RE: Monday Night CC:  https://fccdl.in/MeTj1sVDZZ

DeepWoodz:  imo.. thanks for the call Frank. Just a heads up… The listing USD/IQD = 2.81 would mean $1 = 2.81 dinar. Not the other way around. Even if this is true, definitely an improvement worthy of praise.  If you want to see the value of the dinar, simply list it the other direction. i.e….IQD/USD. Which equals .355.    1 dinar =0.35$

Frank26:  TEAMWORK !!! ...........I APPRECIATE YOUR HELP DW !!! TY KINDLY

DeepWoodz:  Something else I’d like to mention since you’re talking. I’ve been using Google the same way for several years now. You can type usdiqd into the search and Google has what I assume is a public rate of around 1310. So I am used to typing it in without the forward slash. 

When I do that in forexlive, I get the 1310 there also. It is interesting that without the /, the Iraqi and American flags pop up beside the pair. With the /, nothing pops up with the pair but the rates are much different (better).   Like you said, something is going on, and I like it.     Imo

Moparman:  I have found two exchanges so far showing the wonky movement of the dinar: the Toronto Stock Exchange and the Chicago Board Options Exchange. The CBOE is explicitly for options contracts. Intercontinental Exchange is still showing the 'official' rate of 1310 (IQD:USD -- the standard notation for ForEx pairing.)

The CBOE (USD/IQD) is showing USDIQD at 2.73 -- this means 2.73 dollars equals 1 dinar. The TSX (IQD/USD) is showing the inverse of that, which means .366 of 1 dinar equals 1 dollar -- .366 equals $2.73 per 1 dinar. They're responding in real time in sync.

As an example, a 25,000 dinar note would be $59,250 at that current rate.

Just thought it might help to post. No, this isn't the rate of the dinar currently -- it's futures options, which can run anywhere from 1 day up to 6 months -- but it absolutely shows something is going on with the dinar skyrocketing.

Addendum (I forgot to mention this): USD/IQD means how many dollars equal a dinar. IQD/USD (notice the inverse, it's flipped) means how many dinars equal a dollar. The 2.73 IS a dollar amount -- the inverse is how you'd calculate the exchange rate ($1 divided by .366 -- which is $2.73.) Someone was mentioning earlier that's not a dollar amount, but the USD/IQD way IS a dollar amount.

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