"RV UPDATE" BY FRANK26, 24 MAY

 Frank26

  A second set of books is a normal business action.  Many companies, many firms for financial projections, for balances, for audit purposes, for changes whatever it may be, run a second set of books.  The second set of books is simple business practice.  It's not illegal unless you're doing it illegally under the table...This second set of books is not hidden...they [Iraq] expose it [their second second set of books] to the right people, IMF, World Bank, US Treasury...

 Question "What does your gut say the rate will be in the end?"  Remember I said IMO the float would probably be between $3.36 and $4.25 would be a good place to cap it.    

Is Iraq a member of the WTO? 

'Well, Frank you say they're a member of the WTO, they qualified for it.'  But do you see any official paper that tells you they're a member of the WTO. 'No.'  

Why not?

 Until you see the new exchange rate.  'But you don't have to have a high exchange rate to join the WTO.  Why do you say something like that?' Because commitments were made in contracts that were guaranteed by Sudani for all these people through the WTO investments for the economic reform of Iraq.

Iraqi dinar | Iraqi Dinar Financial Reforms | IQD Increasing in Value |...

Securities: We are studying the possibility of licensing brokerage companies to trade in global stock exchanges, 24 MAY

Securities: We are studying the possibility of licensing brokerage companies to trade in global stock exchanges

Economy News – Baghdad

The Chairman of the Securities Commission, Faisal Al-Haims, confirmed today, Wednesday, that the Authority is considering the possibility of licensing brokerage companies to trade in the shares of global exchanges.

“The authority began studying the licensing of brokerage companies to trade in global stock exchanges through a technical committee within it,” Al-Haims said in a statement received by “Economy News”.

He added, “The authority is working seriously to support and develop the stock market by studying the licensing of brokerage companies to enable them to trade the shares of global stock exchanges for the first time in Iraq.”

He explained, “This step comes in the context of protecting citizens’ rights to trade through brokerage companies that practice this activity without an official license by the Securities Commission, which seeks to develop financial markets in the country,” noting that “the authority is working to provide a stimulating and orderly investment environment, which contributes to enhancing confidence among investors and raising Iraq’s position in the global financial markets.”

https://economy-news.net/content.php?id=43449

"RV UPDATE" BY MILITIAMAN, 24 MAY

 Militia Man 

 Are they going to change the value of their currency...?  I'm pretty sure they are going to need to to pay for all these [reconstruction] objects...rebar, the cement - all that stuff is expensive at 1310.  It's not so expensive if it's back at a 'previous era'....If they have the true value, their real effective exchange rate, it's going to be far cheaper...

Iraq...increased their non-oil revenues by 6%.  That in itself is a massive amount.  Is it going to grow? 

 Of course it's going to grow.  They're just getting started.  It's going to be amazing.

  Article:   "The Central Bank begins the second phase of its banking reform strategy"  

 They've completed the first phase of reforms and now into the second phase. 

 Quote:  'It will inevitably bring stability and the recovery of the dinar.'  This is amazing...There's some things happening that obviously are beyond our pay grade that are almost available and ready to go.  This article...'...inevitably the exchange rate will be in recovery.' To me that means they're going to go back to that 'previous era'.  That would be a recovery.  Going from 1460 to 1310 or from 1310 to 1182, that's not 'recovery'...Second phase is that we're at that juncture.

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-militiaman-23-may.html

RV Update Of Iraqi Dinar By Wolverine Today 2024🔥RV update iqd value inc...

Foreign minister arrives in Switzerland for series of bilateral meetings and meetings, 24 MAY

Foreign minister arrives in Switzerland for series of bilateral meetings and meetings

 Deputy Prime Minister and Foreign Minister Fouad Hussein arrived on Thursday in the city of Bern in Switzerland with an official visit.

According to a statement, according to a statement by the Foreign Ministry {Euphrates News} received a copy of it, will hold a series of political meetings with Swiss officials.

The Foreign Ministry’s statement added, Fouad Hussein is also participating in other meetings to discuss many issues related to strengthening bilateral relations between the two friendly countries and ways to develop them.

https://alforatnews.iq/news/وزير-الخارجية-يصل-الى-سويسرا-لعقد-سلسلة-اجتماعات-ولقاءات-ثنائية

"An International group removes Iraq from the “notorious” financial list" BY CLARE, 24 MAY

 Clare

  Article: "An International group removes Iraq from the “notorious” financial list"  

Quote: "On Wednesday, the Middle East and North Africa Financial Action Task Force (MENAFATF) classified Iraq as a country highly committed to the recommendations for combating money laundering and terrorist financing."

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Article: "Notice on the Continuation of the National Emergency With Respect to the Stabilization of Iraq"  

Quote:  " The obstacles to the orderly reconstruction of Iraq, the restoration and maintenance of peace and security in the country, and the development of political, administrative, and economic institutions in Iraq continue to pose an unusual and extraordinary threat to the national security and foreign policy of the United States...I am continuing for 1 year the national emergency with respect to the stabilization of Iraq declared in Executive Order 13303."

Article:  "The Central Bank begins the second phase of its banking reform strategy" 

 Quote: "what will be achieved from the second phase of the banking reform strategy will be reflected in the stability of the exchange rate and the recovery of the Iraqi dinar inevitably"

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-clare-23-may.html