DINAR REVALUATION

Tuesday, April 30, 2024

Jon Dowling & Rod Steel Discuss What Is Really Happening With Iraq And T...

The Iraq Stock Exchange receives the shield of the Arab Financial Markets Union in Doha, 30 APRIL

The Iraq Stock Exchange receives the shield of the Arab Financial Markets Union in Doha

The Iraq Stock Exchange received the shield of the Arab Financial Markets Union in Doha.

A statement from the Securities Commission, received by the Iraqi News Agency (INA), stated that “the Iraqi Stock Exchange participated with the Arab financial markets in the work of the meeting of the General Authority for Arab Financial Markets, and the opening of the trading session of the Qatar Stock Exchange, in addition to the annual conference of the Arab Financial Markets Federation sponsored by the Qatar Stock Exchange.” , which was hosted by the Doha Stock Exchange / State of Qatar for its 2024 edition.

He added, "He also participated in financial market discussions with financial technology experts and the future of trading in financial instruments and ongoing financial market experiences, and discussed the performance of Arab financial markets that are members of the Arab Federation AFCM and joint cooperation plans," pointing out that "the Iraqi Stock Exchange won the position for the second year." First in average daily trading volume for 2023 indices, and won the Arab Capital Markets Federation shield in Doha.”

He continued: “While the Saudi Tadawul market achieved the best position in the number of contracts executed and in the trading value achieved for the indicators of the year 2023,” noting that “the Egyptian Stock Exchange achieved the best return on trading and the best number of new investors for the year 2023, along with the stock exchanges of Jordan (Amman), Bahrain, and Abu Dhabi.” As the best stock exchange in ESG indicators and PE ratio. link

The Glory Years of Iraq Dinar Exchange Rate: BY DINAR IRAQ AND DONG VIETNAM, 30 APRIL

The Glory Years of Iraq Dinar Exchange Rate:-

Here's a brief overview of the history of the Iraqi dinar's exchange rate against the U.S. dollar since the 1930s:

1930s-1950s: The Iraqi dinar was introduced in 1932 and initially pegged to the British pound at a rate of 1 dinar = 1 pound sterling. This effectively meant 1 IQD = $4.86 USD in the 1930s.

1959: Iraq devalued the dinar and pegged it to the U.S. dollar at a rate of 1 IQD = $2.80 USD.

1971: The dinar's peg was adjusted to 1 IQD = $3.39 USD after the U.S. devalued the dollar.

1973: After the U.S. abolished the gold standard, Iraq maintained the $3.39 rate for a couple years.

1982: Iraq devalued to 1 IQD = $3.22 USD.

1984-1987: Several further devaluations occurred during the Iran-Iraq War, with the rate dropping from $3.22 to around $3 per IQD.

1989: On the cusp of the Gulf War, the dinar devalued significantly to around 1 IQD = $0.31 USD.

SOURCE: DINARIRAQ&DONG VIETNAM

FRANK26…..4-29-24……AGREED SOLUTION

Government official reveals the actual date of the start of the implementation of the development road project, 30 APRIL

Government official reveals the actual date of the start of the implementation of the development road project

{Local: Euphrates News} The General Company for Iraqi Railways in the Ministry of Transport set early next year 2025 as a date to start the actual implementation of the "Development Road" project, after seven governorates approved its route, confirming the achievement of 66% of railway designs on this road.

The general manager of the company, Younis Khalid Al-Kaabi, said in a press statement that "the project (development road) is large and gigantic, and the Ministry of Transport is the incubator for it, both rail and land," noting that "the project is in the process of progress in the initial designs, as the percentage reached more than 66% of railway designs, and 50% of the land road designs, and the soil investigations exceeded nearly 1,000 kilometers, with a completion rate of 89% for the areas north of Baghdad to the border, and 85% from south Baghdad to Faw."

"The soil investigation and topographic survey teams are continuing their work, and the Italian designer continues to complete this project according to the set time, which is one of the world's leading consulting firms," he added.

"The General Railways Company has all the documents reviewed and approved regarding the (Development Road) project in cooperation with experts and designers in the Italian company, and communication with all the governorates through which the road passes and the ministries concerned with it," al-Kaabi said.

"INTERNATIONAL TRADE ANNOUCEMENT" BY GOLDILOCKS, 30 APRIL

International Trade Announcement:

"The International Chamber of Commerce’s Digital Standards Initiative (DSI) has completed the mammoth task of attempting to find common digital data standards for a raft of widely used trade documents."

The Digital Standards Initiative (DSI) is the International Governance Board that is currently setting standards for international trading relationships around the world.

They are telling us they have completed this all encompassing set of Global Standards. This will be applied to their new digital bills of lading that will determine new price correlations on cargo ships moving products around the world.

These new price correlations will be tokenized assets that hold a weight of gold in their determining price for movement.

Credit Valuation Adjustments are now becoming possible in 80% of our trades around the world that determines, through supply and demand, new exchange rates that will be forthcoming.

WATCH THE WATER.

https://www.gtreview.com/news/fintech/hopes-for-interoperability-as-dsi-finalises-digital-trade-document-standards/

https://www.investopedia.com/terms/b/billoflading.asp#:~:text=A%20bill%20of%20lading%20is,a%20carrier%20and%20a%20shipper.

https://go.packagex.io/bol-api/?utm_matchtype=e&utm_network=g&utm_term=digital%20bill%20of%20lading&utm_campaign=7A-BOL&utm_source=google&utm_medium=cpc&utm_content=m&hsa_acc=5049113484&hsa_cam=20999895285&hsa_grp=162376428687&hsa_ad=690344181737&hsa_src=g&hsa_tgt=kwd-365705580169&hsa_kw=digital%20bill%20of%20lading&hsa_mt=e&hsa_net=adwords&hsa_ver=3&gad_source=1&gclid=Cj0KCQjwir2xBhC_ARIsAMTXk84bC0i8wMVyGPlZWEBR4LV35KIGTCenl6ZI8KLxmx-B0gHwse2h7H0aAujbEALw_wcB