The floating of the dinar" returns to the foreground. Will the Central Bank of Iraq resort to it and what are its risks?
5/9/2024
From time to time, calls float to the surface to float the Iraqi dinar on the surface of the Iraqi financial market to close the gap between dinar and dollar prices. These calls are increasingly coming to the fore, with supporters seeing it as a way to save the Iraqi economy and opponents seeing it as the most dangerous stage Iraq will go through because it puts its economy at risk.
Al-Obaidi believes that “this policy can be a successful alternative in Iraq by following a managed float policy that controls the range of volatility and works to increase it until the currency is fully and gradually liberalized,” noting that “there is no study that link inflation rates to the exchange rate.” In the parallel market, the best way to know the effect is through a deliberate experiment with a controlled float of the exchange rate.”
La flotación del dinar" vuelve al primer plano. ¿Recurrirá a ello el Banco Central de Irak y cuáles son sus riesgos?
5/9/2024
De vez en cuando, flotan en la superficie los llamados a hacer flotar el dinar iraquí en la superficie del mercado financiero iraquí para cerrar la brecha entre los precios del dinar y del dólar. Estos llamamientos se encuentran cada vez que vuelven al primer plano, con partidarios que lo ven como una forma de salvar la economía iraquí y opositores que lo ven como la etapa más peligrosa por la que pasará Irak porque pone en riesgo su economía.
Al-Obaidi cree que “esta política puede ser una alternativa exitosa en Irak siguiendo una política de flotación controlada que controle el rango de volatilidad y trabaje para aumentarlo hasta que la moneda se liberalice completamente y gradualmente”, señalando que “no hay ningún estudio que vincule la inflación tasas al tipo de cambio”. En el mercado paralelo, la mejor manera de conocer el efecto es mediante un experimento deliberado con una flotación controlada del tipo de cambio”.
The Kurdistan Region Demands That The Federal Government Spend 1.1 Billion Dinars.. What Is The Reason?
The Kurdistan region witnesses demonstrations from time to time
Money and business Economy News – Baghdad The Ministry of Finance of the Kurdistan Regional Government sent the names of university lecturers to the Federal Ministry of Finance to pay their financial dues for three months.
The Ministry requested, in the letter issued on (May 7, 2024), the disbursement of “contract dues for lecturers” working in the Ministry of Higher Education and Scientific Research in the Kurdistan Region for the months of February, March, and April, because they were not included in the lists of salaries of permanent professors sent earlier.
The spokesman for the Ministry of Higher Education and Scientific Research in the Kurdistan Regional Government explained that "the number of lecturers is 1,982 from all public universities."
According to the book, the total salaries of lecturers for the three months amount to one billion and 198 million dinars per month. Views 33 05/10/2024 - https://economy-news.net/content.php?id=43288
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Welcome to the weekend.
MZ: Happy Mother’s Day Weekend
MZ: I do have a bank story or two today…
MZ: :” I thought I would let you know this is a backwoods town in Idaho. I made 2 calls on Friday. One to Wells Fargo where the man there said they would not negotiate for foreign currency. When I mentioned Dinar and Dong he said I would have to go to a foreign exchange for that. He was not aware if any other branches were doing the same or not.
MZ: The second call was to a Chase bank close by. I asked the woman if they did currency exchanges? She said “Yes they did” –and they would be checking to see what the current rate was for that day. I mentioned that I hoped to be exchanging dinar and dong in the near future. She said she knows of a number of clients also waiting to exchange…and that she, herself was waiting for this to happen as well. She also said that her boss-Jaime Dimon is well aware of what is going on and Chase will be part of this when the exchange comes.
MZ: So guys- unless they are participating branches – you will probably get the official line “We know nothing” If there employees knew differently – they would buy currency and be gone as soon as it RV’s . So this is self- preservation for the banks.
MZ: Other than that-it’s been quiet on the RV front overnight.
Member: Mark Z, got instructions from my mandate for bond transaction regarding how to limit spending on items that would raise red flags due to high amount of money & info on no limit on funds for projects
Member: BOA is closing all offices around me, but building new ATMs.
Member: Will BOA be a exchange location?
Member: I believe B of A will be exchanging, they own Merrill Lynch Wealth Mgmt.
MZ: Yes- in certain areas BOA will be exchanging as well.
Member: any idea on the rate for the Rupiah or Pengo?
MZ: No idea on the Pengo- but, I continue to hear $1.47 for the Indonesian Rupiah
Member: I am praying Nesara is real and happens soon.
Member: I believe NESARA will happen... I think it is already happening, just not called that...
Member: Mark how convinced are you that the good guys reset with the QFS and USTN is what we are going to get?
MZ: I am 99% certain we win with the QFS. I am more and more convinced of that .
Member: Per Dr. Scott we already have the QFS it is just not completely turned on yet
Member: My PNC branch was aware of the QFS but said that information was held Back from their clients and staff for their protection
Member: The teller at the Bank yesterday asked me how I wanted my money back ? I told her ,in US Gold Notes!! She said what? I said US Notes. are they out yet?? She smiled and said ,Not Yet
Member: Good morning! Many are saying today May 11th… for notifications..
Member: Franks 26 says A GREEN Iraqi Dinar 1000 dollar note as a "Fill" ...its in the gate ready to be unleashed
Member: Have a great mother's day to all the moms in here
Member: Happy Happy Mother’s Day to all the moms. Thanks Mark and mods
Mod: PLEASE DO NOT EMAIL MARK THIS WEEKEND GUYS! HE NEEDS SOME DOWN TIME! COME ON NOW!
Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.
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MICA activating new laws on June 30th, 2024 regarding our digital assets and stablecoins will begin the process of institutional money being moved across borders.
This will begin the process of putting price pressures on foreign currency exchange rates going forward. This doesn't mean we'll see those changes right away, but we will begin seeing movements of money in ways we have not seen before.
Credit valuation adjustments will be happening across the board throughout the second half of this year. Some assets will go up and others will go down. In the end, all assets will be in process of finding their equilibrium inside the new digital economy.
{Al-Furat News} publishes the text of Al-Sudani’s request to Guterres to end UNAMI’s work in Iraq
5/10/2024
The request of the Prime Minister, Muhammad Shiaa Al-Sudani, to the Secretary-General of the United Nations, Antonio Guterres, to permanently end the work of the United Nations mission in Iraq.
“the justifications for the presence of a political mission in Iraq are no longer available, especially after more than 20 years have passed since the democratic transition and overcoming great and diverse challenges.”
LINK
DeepWoodz » May 10th, 2024
I don’t know about y’all but I’m loving this! First Plaschart and now Guterres. LEAVE ALREADY!
