Freedom Fighter ©
🇮🇶 Iraq PM to meet with Joe Biden at the White House on April 15th
🟢Talking about US troop removal
🟢Financial reforms
🟢Modernization
🟢Strengthening US/IRAQ relationship
⚠️STAY GROUNDED it’s a process
https://abcnews.go.com/amp/US/wireStory/biden-host-iraqi-leader-talks-underway-winding-coalition-108399491
Iraq opens new consulate in China
Baghdad - Iraq Today:
The opening of the Iraqi Consulate General in Guangzhou, China, was announced at a ceremony attended by the Director General of the Consular Department of the Chinese Ministry of Foreign Affairs Wu Xi, Vice Governor of Guangdong Province, Lin Tao, and the Iraqi Ambassador to China Saeed Sahud, Consul General in Guangzhou, according to a statement by the Chinese Embassy in Iraq.
"On behalf of the Ministry of Foreign Affairs, Wu Xi congratulated the opening of the Consulate General of Iraq in Guangzhou," the statement said.
The statement quoted Wu Xi as saying, "2024 is a crucial year to comprehensively promote Chinese-style modernization. Under the wise leadership of President Xi Jinping, China strives to promote high-quality development and build a community with a shared future for mankind.
China and Iraq have a deep traditional friendship and have forged a strategic partnership, she said. We believe that the establishment of the Consulate General will provide a new window for mutually beneficial cooperation and friendly exchanges between China and Iraq, according to the statement.
Fnu Lnu
There is a debate over using the term "Redemption" instead of the term "Exchange". What we will be doing is an exchange...A redemption is what you do with poker chips or other tokens. We are exchanging one currency for the equivalent in another currency...What you call it will have NO bearing on your tax status.
There is NO LOP happening and the 1.32 Dinar to $1 USD is in country as the FOREX numbers will be far more attractive.
Fnu Lnu
On the issue of Old Notes (circulated) versus New Notes (uncirculated) I can tell you this. The "Oil for Dinar" program is very real and those are called Private Placements. They require ONLY uncirculated notes to participate.
Otherwise, if you aren't in such a Private Placement exchange then it doesn't matter at all. Also, new uncirculated notes of certain serial numbers are going to be used as Bonds. The new Dinar have all the info needed to be used as bonds and it was planned this way before the new notes were printed . They will be used on the unregulated trading platforms in Shanghai as part of certain trading packages.
---[Reply to Guru Frank26's Dinar on Forex post 3-5-2024 below]
There is no such thing. A) The rule of One Price and B) There is no back side or private side to FOREX...With that being said: There are platforms in Shanghai and Singapore that are totally unregulated.
It is the wild west of commodity trading and they create investment packages where they bundle up packages containing many different speculative investments into a bundle and trade those. But that isn't happening now either though it was a thing with the IQD several years ago but not now..
https://dinarevaluation.blogspot.com/2024/03/rv-update-by-fnu-lnu-6-march.html
Tishwash: Adviser to the Prime Minister: The decline of the dollar is an indicator of the strength of the dinar and a tangible success of the economic policy
The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed the strength of the dinar against the dinar after a relative decline in the exchange rate.
Saleh told {Al-Furat News} agency, “We indicate the strength of the Iraqi dinar, expressed in the decline in the parallel market rates of exchange in favor of the official exchange rate, a tangible success in the cohesion of the country’s economic policy in its three aspects: monetary, financial, and commercial, in providing a coherent climate of stability in the general level of prices.” And containing seasonal price fluctuations for high-demand items, specifically providing basic food commodities that have low price elasticities of demand because they are necessary commodities associated with consumption and daily living.”
He noted "the importance and speed of customs procedures, which were represented by (reducing customs tariffs and diversifying imports without quantitative limits for necessary goods) as part of the performance of the financial policy in supporting price stability and ensuring the supply of food and essential goods and production supplies at the official exchange rate and in accordance with the requirements of the national economy."
The Parliamentary Finance Committee had expected the dollar price to continue to decline as the results of the measures taken by the Central Bank of Iraq to limit the rise in the foreign currency began to appear.
The dollar exchange rate a few days ago was about 1,500 or 1,490 thousand dinars to the dollar. link
Timeline:
Iraq launch the Visa card for E-Shopping The currency has to be in forex for citizens to be able to purchase online from foreign sellers -...