Iraqi Dinar | Latest Exchange Rate Released Finally | Iraqi Dinar News T...

A $700 million agreement is signed between Iraq and Italy to finance these projects, 11 MAY

  A $700 million agreement is signed between Iraq and Italy to finance these projects

Today, Saturday, the technical advisor to the Prime Minister, Muhammad Al-Daraji, announced the signing of an agreement between Iraq and Italy to finance industrial projects worth $700 million, while he confirmed the signing of memorandums of understanding to equip Iraq with (6) Italian factories for the private sector.

Al-Daraji said in an interview followed by Al-Eqtisad News, “Under the guidance of Prime Minister Muhammad Shiaa Al-Sudani, an agreement was signed between the Supreme Committee for Sovereign Guarantees and the Italian Shasa Credit Corporation on behalf of the Italian government to finance industrial projects in Iraq worth $700 million,” noting that "The agreement was signed between the Trade Bank of Iraq (TBI) and two Italian banks to finance these projects."

He added, "As part of the government's initiative to support the private sector, memorandums of understanding were also signed between Iraqi businessmen and businessmen from Italian suppliers of production lines and factories to supply 6 factories to Iraq," indicating that "these factories include glass products, medicines, slaughterhouses, poultry and egg rearing, and gas processing." The facility, an iron factory, and a pharmaceutical factory.”  link

Response to Guru Deepwoodz new 1000 fil note post below by BUCKEYETREE, 11 MAY

Buckeyetree 

  [Response to Guru Deepwoodz  new 1000 fil note post below]

  We do not know the exact rationale for the CBI to display a 1000 fils note or imply its future use if there is also to be a one dinar note...

We have both a paper one dollar bill and a silver one dollar coin...The 1000 fils note could be released as tender but may become a collector's item while still legal tender.  Such is the case of the $2 dollar bill, not widely used but still legal tender.  

The CBI is holding back...the photos of the primary lower denoms.  The 1000 fils note photo may be a way to give confidence to the contractors that big changes are on the way with an exchange rate that would support the use of such a 1000 fils note. 

Deepwoodz 

 [Response to Guru Frank26's new 1000 note post below] 

 Why would you need a 1000 fil note? 

 Wouldn’t that be 1 dinar? 

That’s what it is in Kuwait and other countries that use dinar. No way you print two notes to represent the same value. 

Can someone help this make sense? 

  Kuwait’s are 1, 5, 10, 20, 50, and 100 fils. 1000 to a dinar. No reason  Iraq would be any different. Doesn’t really matter, I don’t care if they print three versions of the 1 dinar note. As long as they print at least one, I’m golden.

Frank26 

 On the CBI website back in January of this year...the CBI started the monetary reform campaign to the Iraqi citizens...It was on January 1, 2024 that the Central Bank of Iraq displayed this green looking currency...You'll notice three zeros.  What this is a 1000 but it is not what you think it is.  What is the color of the 1000 note that's out there right now? 

 Yellow/gold...What's this 1000 note that's green?  ...It is a fil...They are not going to release a 1000 lower note...They're not only going to release coins made out of precious metals but they're also going to release fils in paper.

🔥 Iraqi Dinar 🔥 Rate Fixed and Float 🔥 News Guru Intel Update Value IQD ...

JP Morgan Forecasts An Increase In The Oil Capacity Of Iraq And Other Countries In 2025, 11 MAY

 JP Morgan Forecasts An Increase In The Oil Capacity Of Iraq And Other Countries In 2025

2024-05-09 Shafaq News/ JP Morgan believes that there are three main countries in the oil alliance that deserve to upgrade their supplies for the year 2025.

Natasha Caneva, an analyst at JP Morgan, said in a recent report that the United Arab Emirates, Kazakhstan and Iraq intend to increase their total capacity by more than 300,000 barrels per day starting next year, but the planned expansions may represent risks to the cohesion of the alliance and oil prices in general. .

Caneva said: “The main issue for OPEC lies in 2025. Even if the alliance keeps supply restrictions as they are this year, it “does not address the imbalances in 2025.”

The price of Brent crude is expected to remain in the range of $75-90 per barrel in most scenarios, with average prices reaching $82 per barrel in 2025, according to Goldman Sachs.   LINK

" The U.S. Dollar is no longer the collateral to be held as reserve in the oil trade" BY MIKECRISTO, 11 MAY

MIKECRISTO

 ALERT ALERT ALERT

The U.S. Dollar is no longer the collateral to be held as reserve in the oil trade. When the JPY was at negative real rates, the BoJ could print yen and buy dollars when the Fed funds rate was 1.2% And investors could make the spread on behalf of Japanese tax payers, because Japan had real negative rates. The Fed funds rate is now 5.5% And the JPY is out from negative real rates, Which means Japan can’t fund the their Dollar bond market on the backs of the Japanese tax payers. Because the dollar is no longer the collateral in the oil trade, the liability that trades the debt. The BoJ prints yen to buy dollars to service their Dollar collateral (interest payment) to the U.S. Treasury. Because the Dollar is no longer the collateral in the oil trade, the BoJ needs to sell their dollar bonds back to the U.S. Treasury and buy back the yen the U.S. Treasury holds. Then the BoJ can retire those yen in the carry trade unwind. Because the U.S. Dollar is no longer the collateral that trades the debt via oil, The world is dumping dollars. All those dollars the U.S. Treasury exported was used to fund the U.S. stock market. When the USD carry trade gets unwound, So does the unwinding of the stock market. Gold is now the liability that settles the oil trade to service the debt via RMB internationalization. Japan is one of many central banks that must sell their dollar collateral back to the U.S. Treasury. This is why Janet Yellen is freaking out!

@BlackRock

@peruvian_bull

@Vanguard_Group

@ecb

@SecYellen

@USTreasury

@federalreserve

@WhiteHouse

@bennyjohnson

@rawsalerts

@RealAlexJones

@realDonaldTrump

@oriental_ghost

@DavidLe76335983

@Dioclet54046121

@KingKong9888

@jpmorgan

@tedcruz

@BarackObama

A debate over the word populist in the UK with Nancy Pelosi as a guest ...BY PIMPY