Article: "The start of drawing liquidity from the hands or Iraqi's" Iraq is getting money outside of the bank, into the bank...They've gotten off the street upwards of 8 trillion dinar. That's a lot of dinar...Reducing the note count is the direction which is where they're headed...If you reduce the note count, purchasing power comes with it...
They're going to pay salaries and they're going to start pumping oil. They're going to have to have some sort of value in those assets and what we believe is that we're looking for is a real effective exchange rate...
They are ready to resume exports at any time.
Why? Because they have the systems in place. Iraq's natural resources are phenomenal...these guys have so much natural resources it's not even funny.
They are ready to resume exports at any time. Why? Because they have the systems in place. Iraq's natural resources are phenomenal...these guys have so much natural resources it's not even funny.
Sat. 30 March Militia Man: “Two parties have confirmed that Iraq is currently RVing in-country onSat. 30 March.” Ginger: “We’re hearing that the revaluation of the rate is currently underway inside the border of Iraq.
The Parliament committee has instructed Iraqi merchants and retailers to adjust their prices of goods and services to reflect the changes of their new rate for the Iraqi Dinar and effective Sat. 30 March.”
FRANK26:"GIVE BACK 8.5% ON A 4 YEAR BOND NOTE ON A PROGRAM RATE
OF 1320..
. NO WAY!!!"........F26
"A good investment"... What is the goal of the Iraqi Central Bank in issuing financial bonds with high annual interest?
4/6/2024
- Baghdad
With inflation rates in Iraq currently reaching 5.5%, and expectations that it will reach 6% by the end of the year, the Central Bank announced the launch of financial bonds with the highest annual interest, at 8.5%, as well as for deposits in the private banking sector.
According to economic expert Manar Al-Obaidi, in a post on his page on the Facebook platform, the aim of these bonds is to attract and encourage capital outside the banking system through high interest rates to enter the banking sector, adding that the annual interest rate announced by the Central Bank is encouraging to the investor and depositors, due to its high content. , which is considered a good return on investment compared to its lack of risk.
Al-Obaidi stressed that these bonds are guaranteed by sovereign guarantees of a country that currently has sufficient money reserves, and therefore the risk rate of these bonds is zero and non-existent, and they are purchased through the Iraq Stock Exchange and through market intermediaries.
Al-Obeidi encouraged buying these bonds and selling them in the future at a higher price, meaning that the investment should not only be in the deposit interest but also in the price of the bond itself.
In his publication, Al-Obaidi touched on “depositing money in the private banking sector,” explaining that there are 4 to 5 private banks that own the largest share of the market and their financial data, and are considered very excellent and achieve great control in the Iraqi market. The decision to choose the bank to place deposits depends on the annual interest rate and method. Benefiting from the interest, how to break the deposit, as well as the financial statements of the bank and the extent of its presence and spread in Iraq.
Al-Obaidi concluded his post by “emphasizing that the success of investment depends on two factors: the first is the amount of profit, and the second is the amount of risk, and only the owner of the money can decide the amount of risk to be taken in exchange for the profit rate,” stressing that investing in bonds and deposits is a good solution for those who do not He wants to intervene in the field of investment and its challenges.”
With inflation rates in Iraq currently reaching 5.5%, and expectations of reaching 6% during the end of the year, the Central Bank announced the launch of financial bonds with the highest annual interest, at 8.5%, as well as deposits in the private banking sector.
According to economist Manar Al-Obeidi, in a post on his Facebook page, the goal of these bonds is to attract and encourage capital outside the banking system through high benefits to enter the banking sector, adding that the annual interest rate announced by the central bank is encouraging for the investor and depositors, for its high content, which is a good return on investment compared to its lack of seriousness.
Al-Obeidi stressed that these bonds are guaranteed by sovereign guarantees for a country that currently has sufficient reserves of money and therefore the risk ratio of these bonds is zero and non-existent, and are purchased through the Iraq Stock Exchange and through market brokers.
Al-Obeidi encouraged buying these bonds and selling them in the future at a higher price, meaning that the investment is not only in the deposit interest but also at the same bond price.
In his publication, Al-Obeidi touched on “the deposit of funds in the private banking sector, explaining that there are 4 to 5 private banks that have the largest share of the market and its financial data, and are considered very excellent and achieve great control in the Iraq market. The decision to choose the bank to place deposits depends on the annual interest rate, the way to benefit from the interest, how to break the deposit, as well as the bank’s financial data and the amount of its presence and spread in Iraq.”
Al-Obeidi concluded his publication by “emphasizing that the success of investment depends on two factors, the first is the amount of profit, the second is the amount of risk, and the owner of the money alone can decide how much is to take in exchange for the profit ratio, stressing that investing in bonds and deposits is a good solution for those who do not want to intervene in the field of investment and its challenges.”
The real effective exchange rate (REER) is a measure of the relative strength of a country's currency in relation to an index or basket of other major currencies. The REER is used to judge whether the country's currency is undervalued or overvalued or, ideally, fairly valued...
Nominal Effective Exchange Rate (NEER)...
It is an index of the weighted average of bilateral exchange rates of home currency with respect to a basket of currencies of trading partners. An increase in NEER indicates an appreciation of the local currency against the weighted basket of currencies of its trading partners.
Iraq's top five export trading partners are India, with $38.8 billion, China with $34 billion, the United States with $10.3 billion, South Korea with 8.21 billion, and Greece with $6.27 billion. Based on Iraq's export partners the Iraqi dinar definitely could be worth more. However everything is speculative until the US and Iraq give the green light to float, revalue, reinstate or increase the value of the Iraqi dinar...This could happen overnight but it is unlikely.
