DINAR REVALUATION

Tuesday, April 30, 2024

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US dollar exchange rate continues to fall in Iraq, 30 APRIL

US dollar exchange rate continues to fall in Iraq

The US dollar conversion standard against the Iraqi dinar kept on declining in Baghdad and the capital of the Kurdistan area of Iraq, Erbil, on Monday with the launch of the two primary stock trades in the country.

With the opening of the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, the US dollar exchange rate dropped to 1447.5 dinars, down from 1457 dinars on Sunday.

According to Shafaq News, the exchange rate in currency exchange shops in Baghdad ranged from 1457.5 to 1437.5 dinars.

In Erbil, the US dollar conversion scale ran between 1452 dinars and 1451 dinars.

In February 2023, the Central Bank of Iraq (CBI) made the announcement that it had begun using the new US dollar exchange rate, which is 1,300 dinars for one US dollar.

The past true conversion scale was 1450 dinars to one US dollar, which was being traded in the equal market at a pace of 1550 dinars.

The official exchange rate remained at 1450 dinars per dollar in January 2023, but the US dollar’s exchange rate against the local currency reached 1610 dinars in January 2023. The difference between the two rates was more than 10%.

"RV UPDATE" BY FRANK26, 30 APRIL

Frank26

WEF [World Economic Forum]...no doubt this is good. World exposure, this is good...They're being invited to the big boy corrupt party because they have a big boy exchange rate. That's the important thing.

Iraqi citizens know, everybody with a contract with Sudani knows. It's no longer a secret, it's no longer a game. Notice the pattern...When you go to the banks now are they saying it's a scam? No they're not anymore...Instead they tell you very politely, 'Ok, we're not exchanging that currency at the moment.'

...Relax. It's coming...

Question: "Will Aki [Walkingstick's Iraqi Bank owner here in the US] exchange dinars for US citizens at his bank?" Yes! That's the whole purpose.

Some other guru says, 'Oh, they're waiting for Article VIII.' Man, when you hear someone say that you got to run as far away from them as possible. Article VIII is ancient history. It's older than mythology ...They've been in Article VIII for over a year and a half. Catch up.

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-frank26-28-april.html

Community comment: "Please explain there's no chance of a LOP." Anybody that thinks this is a LOP you have to run away from them...they have no idea what they are talking about. A LOP adds zeros to the exchange rate. An RV and RI removes zeros.

Sudani is going to be sharing with the Iraqi citizens soon. I still hold to what I told you, they want to put screens up. I know I have been mocked about it and laughed at about it. But everything I say I'm mocked at and laughed at until a few days or a few weeks later, there it is...I believe Sudani is waiting for those screens to be put up.

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-frank26-26-april.html

Iraqi Dinar🔥That's A Fascinating Effects IQD Investors Today 2024🔥iraqi ...

Gas production at West Qurna to begin within six months: Prime Minister, 30 APRIL

Gas creation at the West Qurna field will start inside the following a half year, Iraq’s Top state leader Mohammad Shia al-Sudani declared on Monday as he framed a team from four services to survey Iraq’s energy document.

Al-Sudani presided over a meeting with the Ministers of Oil and Electricity to discuss the national energy strategy file and the plans of the Ministry of Electricity.

“Based on a review of the energy file and what Iraq needs at the level of produced energy and fuel energy, while at the same time ensuring sustainable financing of energy projects to prevent their delay or stoppage,” Al-Sudani instructed a task force comprised of representatives from the ministries of planning, electricity, oil, and finance, as well as the Advisory Board, to work on an urgent update to the national integrated energy strategy.

He focused “the need to consider in refreshing the procedure the mix of energy projects with one another, so that gas supply sources are accessible to work internal combustion plants upon their finish, gas transmission pipelines are accessible upon culmination of creation from oil fields, and power plants are accessible to profit from it.”

Al-Sudani said the technique ought to consider “the way that the state should take to diminish the weight of the energy document on state reserves, and coordinated that the specific group present its report on refreshing the system after meeting with the pertinent services and with the expert to the Service of Arranging, KBR Organization.”

Since gas production will begin in West Qurna within six months, “which requires working on introducing this transmission pipeline into the national gas transmission network,” the meeting discussed the decision-making process for the gas transmission pipelines produced by gas stations.

"RV UPDATE" BY GOLDILOCKS, 30 APRIL

GOLDILOCKS

How EU’s ‘complete mess’ on stablecoin regulation risks delistings with MiCA deadline approaching

"Experts worry that the regulations are so onerous and confusing that they will drive out some stablecoins starting on June 30 when the laws kick in."

On June 30th, 2024, Stablecoins and Cryptocurrency Regulations will become law. At that time, we will have a digital economy capable of running the banking system and the markets.

This is when we are going to see utility drive the new digital market in the se new digital assets. It will move the prices of these assets into real values.

Market values will move to fundamental correlations based upon supply and demand bringing in new prices on every sector of the market. This includes the Forex Market where Stablecoins will represent them.

At that time, credit valuation adjustments will begin the process of floating values up or resetting their values entirely. | CoinStats

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