Iraqi Dinar🔥 Evening Exchange Rates Of Iraqi Dinar Vs USD Today 2024🔥ira...

Central Bank: Cash credit ratio rose to 52% during 2023, 2 APRIL

Central Bank: Cash credit ratio rose to 52% during 2023

The Central Bank announced, on Monday, the percentage of cash credit to the total deposits for the Iraqi banking sector, which amounted to (52%) during 2023, confirming its increase compared to 2022, which was recorded (47%), while in 2021 it was about (55%).

“Despite the record of the rise, it did not exceed the standard percentage set by this bank, which is (75%),” the bank’s media said in a statement received by {Euphrat News}.

He pointed out that “that percentage aims to maintain sufficient liquidity for banks to face customer withdrawals and conduct financial banking activities.”

https://alforatnews.iq/news/البنك-المركزي-نسبة-الائتمان-النقدي-ارتفعت-الى-52-خلال-عام-2023

"RV UPDATE" BY TEXAS SNAKE, 2 APRIL

 Texas Snake  

 ...what my banker has just shared with me:   “THE LATEST MESSAGE TO ALL REGIONAL CURRENCY EXCHANGE MANAGERS IS TO ADVISE YOUR SPECIALISTS TO BE AVAILABLE FOR DUTY IN THE WEEK FOLLOWING THE EASTER WEEKEND AS OUR

INFORMATION IS ALL REQUIREMENTS HAVE BEEN SATISFIED GLOBALLY AND THE ANNOUNCEMENTS WILL OCCUR IN THE FORTHCOMING WEEK...PLEASE RECOGNIZE WE HAVE HAD SUCH NOTIFICATIONS BEFORE SO HOPEFULLY FURTHER DELAYS WILL BE UNDERSTOOD.”

I attempted to include the following on the call underway however I was not acknowledged so will post here. 

The council and Gov't of Iraq have advised all retailers in country are free to revise their product prices upward to reflect the change in Dinar valuation taking place today in country.  Confirmed by two independent sources.

Wed. 27 March Texas Snake:

  Since there has been so little actual RV information being released over the past couple of days I thought it might be a relief over this coming Easter celebration to share what my banker has just shared with me.

 
 His text is in all caps. “THE LATEST MESSAGE TO ALL REGIONAL CURRENCY EXCHANGE MANAGERS IS TO ADVISE YOUR SPECIALISTS TO BE AVAILABLE FOR DUTY IN THE WEEK FOLLOWING THE EASTER WEEKEND   AS OUR INFORMATION IS ALL REQUIREMENTS HAVE BEEN SATISFIED GLOBALLY AND THE ANNOUNCEMENTS WILL OCCUR IN THE FORTHCOMING WEEK.
  WE WILL PROVIDE CONTINOUS INFORMATION AS IT BECOMES AVAILABLE OVER THE WEEKEND.  PLEASE RECOGNIZE WE HAVE HAD SUCH NOTIFICATIONS BEFORE SO HOPEFULLY FURTHER DELAYS WILL BE UNDERSTOOD.”

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-texas-snake-28-march.html

Iraqi Dinar update for 04/01/24 - No tricks BY PIMPY

The Minister of Finance and the World Bank are discussing support for the economic and financial reform program, 2 APRIL

The Minister of Finance and the World Bank are discussing support for the economic and financial reform program

} Finance Minister Taif Sami discussed, today, Monday, with the Regional Director for the Middle East at the World Bank, Jean-Christophe Carré, support for the economic and financial reform program.

A statement from the Finance Ministry, a copy of which {Al-Furat News} received, stated that: “During the meeting, priorities for development projects and ways to support the World Bank to strengthen the financial and business sectors and improve the investment environment were discussed, and emphasis was placed on continuing bilateral coordination to promote sustainable development, in addition to discussing the Bank’s support for the government program.” For economic reform in Iraq.

Sami referred to the Ministry’s efforts and plans towards accelerating the pace of financial and banking reforms in line with the Iraqi government’s vision aimed at consolidating the foundations of the national economy, creating economic balance, and correcting the course of financial policy in Iraq.

For his part, the bank representative pointed out “the continuation of serious and fruitful cooperation with the Iraqi government, in everything related to providing the necessary support in terms of expertise for development projects and reforms related to the financial and business sector.”

https://alforatnews.iq/news/%D9%88%D8%B2%D9%8A%D8%B1%D8%A9-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9-%D9%88%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A-%D9%8A%D8%A8%D8%AD%D8%AB%D8%A7%D9%86-%D8%AF%D8%B9%D9%85-%D8%A8%D8%B1%D9%86%D8%A7%D9%85%D8%AC-%D8%A7%D9%84%D8%A5%D8%B5%D9%84%D8%A7%D8%AD-%D8%A7%D9%84%D8%A5%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A-%D9%88%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 2 APRIL

  Frank26 

  [Iraq boots-on-the-ground report] 

  FIREFLY:  Ramadan is over on the 8th.  Then we have EID holiday from the 8th to the 14th and then on the 15th Sudani is supposed to go to Washington D.C...It's time to get a little excited...

   FIREFLY: The foreign minister already in USA is a prelude to Sudani grand stand that's coming April 1st, our new fiscal year.   

FRANK:   So much is now pointing for your 1st quarter.  April the 1st or maybe the first week of April especially with Sudani going to see the President of the United States in Washington DC on the 15th of April.  It seems to me he's going to go see the president with a new exchange rate under his belt...not the weak leadership of a program rate.

  FIREFLY: TV is say when Sudani goes to Washington.  OMG that's a long time off.  Means nothing changing until after that probably, if it does this year.  

FRANK:  I don't care if it happens on the 15th of April.  I don't care if it happens tomorrow.  I just know it's happening with all that we're seeing.  The proof is there.  There's no doubt about it.

 FIREFLY:  Tv talked about  parliament finance has been meeting...with the CBI officials talking about mechanisms to pay the salaries and all the project we have.  This is a good sign.  They are meeting right before the budget goes to parliament next week. 

 FRANK:  Firefly knows if it does go to parliament and they vote, it will expose an exchange rate.  Certainly not a program rate.

FIREFLY:  Talked to bank friend.  He told me it seems to be the quiet time but soon news on the amending budget will appear...Nothing will get done, so it's going to be soon.   The dropping of the zeros is off the exchange rate...We were told on TV that during next week the 2024 amended budget will arrive at parliament for their vote.  

 FRANK:  Stay very close to your friend because at any moment IMO I believe he'll be able to give you what you're looking for, what they promised you. 

https://dinarevaluation.blogspot.com/2024/03/iraq-boots-on-ground-rreport-by-firefly.html

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