Friday, March 22, 2024
ALAQ: THE RISE IN THE EXCHANGE RATE “MY TIME” AND THE PROJECT TO DELETE ZEROS STILL EXISTS BY MNT GOAT, 22 MARCH
ALAQ: THE RISE IN THE EXCHANGE RATE “MY TIME” AND THE PROJECT TO DELETE ZEROS STILL EXISTS
July 26, 2023
Economy News – Baghdad
The governor of the Central Bank, Ali Al-Alaq, considered, on Wednesday, that the rise in the exchange rate of the dollar in the market was temporary, and while he indicated that there was no indication or indication from the American side to include new banks within the sanctions, he confirmed that the project to delete zeros from the currency still exists.
Al-Alaq said, in an interview with the official news agency, that “the central bank continues to provide the dollar at the official rate and cover all legitimate transactions to request purchases from remittances and credits for various imports,” adding that “what is being talked about in terms of a rise in the exchange rate does not mean that there is a rise in the official price that It is still the same, but the rise in the cash price circulating in the market is caused by the reluctance of some merchants to enter the electronic platform, which is the official channel for sale required by the new system.
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No, the RV did not yet happen. Hey…. Mr. intel guru idiot, there are no banks paying out enormous rates for the dinar. How stupid and irresponsible to even say this to your listeners. We are all still in the waiting game as we watch Iraq implement the needed reforms to support what they need to accomplish. Yes, it is slow, but we can help ourselves too by stop listening to all these idiots out there making money off of their lies and hype. This is what causes you to have false expectations and then later give up on this investment. Just relax! Again, I will tell you I know the plan and many of these so-called intel gurus should also know the plan, but they don’t care or are too stupid to read it and follow it. It is really that simple to follow what Iraq is doing. But you must have patience and remember the previous news and then tie it all together to see the big picture. I am trying to do that for you. I hope I am helping.
Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,
"RV UPDATE" BY MNT GOAT, 22 MARCH
Mnt Goat
...another article came out from the CBI telling us about yet another step in the RV/Reinstatement process is about to be implemented...The reinstatement is coming and I firmly believe from what we now know we are about to witness the major part of the Banking Reforms that everything else was geared up to support over the past 10 years.
Iraq is now slowly getting out of the sanctioned mindset / banking practices and return to common international banking practices of how they will be doing business with the rest of the world. Yet more evidence of it this period of news in March.
Iraq's Accession To The European Bank For Reconstruction And Development, 22 MARCH
Iraq's Accession To The European Bank For Reconstruction And Development
Economy | 12:13 - 03/20/2024 Mawazine News – Baghdad The Iraqi Fund for External Development in the Ministry of Finance announced on Wednesday that the Republic of Iraq has joined the membership of the European Bank for Reconstruction and Development (EBRD) after the House of Representatives approved the accession law.
The Finance Ministry said in a statement, received by Mawazine News, that this comes within the Ministry’s vision to strengthen cooperation and communication frameworks between Iraq and international financial institutions, and after the Fund’s continuous coordination with the management of the European Bank, the completion of Iraq’s contribution process, and the completion of all documents related to accession.
The Fund confirmed, according to the Finance Statement, that accession will enable the European Bank to finance projects within the country, promote development of various sectors, support the entrepreneurship initiative, and support the private sector through investments and participation in policy dialogue and technical assistance.
The statement indicated that the European Bank for Reconstruction and Development (EBRD) is a multilateral development bank headquartered in London, and focuses on investment as a tool to rebuild market economies in beneficiary countries, with an emphasis on supporting the private sector and its investments in advisory and political activities.
According to the Iraqi Finance Ministry, this bank helps countries develop their policies to promote self-sufficiency in energy or renewable energy markets. https://www.mawazin.net/Details.aspx?jimare=244232
"RV UPDATE" BY MARKZ, 22 MARCH
MarkZ
[via PDK] Question: ...what is your gut saying about the street rate on the VND when all this goes? MarkZ: My gut still thinks it will be in the $2-$2.50 range. But nobody knows until we get there. [On the dinar] I was told to expect between $3.33 to $4.81. Somewhere in that range.
Still progress in Iraq…From articles …they are fixing the exchange rate or getting the street rate the same as the official rate. De-dollarization is going well... Iraq joined the European Bank for Reconstruction and development (EBRD). This is more confirmation that they are dotting their I’s and crossing their t’s.Frank26 Insight: “Zero Removal” Interpretation
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