"THAT'S THE GOAL OF THE MONETARY REFORM!!!" BY FRANK26, 29 MAY

 KTFA

FRANK26:"THAT'S THE GOAL OF THE MONETARY REFORM!!!".......F26

Experts expect the dollar exchange rate to fall and reach parity with the official price

5/26/2024

 

Financial experts expected the parallel dollar exchange rate to fall and reach parity with the official price.
The economic advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed that the dollar exchange rate in the parallel market was close to matching the official price, in conjunction with the increased ability of banks to meet the requirements of the Central Bank and its compliance with the rules of external transfer, while experts indicated in Financial Affairs indicated that, in accordance with government procedures and reforms through the application of the electronic currency transfer platform and the establishment of correspondent relations between Iraqi and foreign banks, its results may be reflected positively in controlling the parallel exchange rate and the black market.

LINK

"RV UPDATE" BY MNT GOAT, 29 MAY

 

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

The $100,000 dinar note what this means 05/28/24 BY PIMPY

"THE CBI DEALS WITH RUMORS ABOUT THE MONETARY REFORM." BY FRANK26, 29 MAY

 KTFA

FRANK26: "THE CBI DEALS WITH RUMORS ABOUT THE MONETARY REFORM."........F26

Central Bank: The issuance of new monetary denominations will not affect the dinar exchange rate

5/27/2024

 
Baghdad

Member of the Board of Directors of the Central Bank of Iraq, Ahmed Barihi, confirmed today, Monday, that the issuance of new cash denominations, large or small, will not affect the dinar exchange rate.

Brehi told Al-Ma’louma, “Issuing rumors on social media sites about the issuance of new monetary denominations aims to create a state of confusion in the Iraqi market.”

He added, “The Central Bank of Iraq is working according to well-studied plans, and there is no intention to issue new currencies in large or small denominations.”

He explained, “If we assume that the central bank issues a new currency, this will not affect the exchange rate of the Iraqi dinar.”

 

almaalomah.me

"RV UPDATE" BY MARKZ, 30 MAY

 MarkZ 

  [via PDK] 

 Question: Mark, do you still feel that this has truly started and cannot be stopped?  

MarkZ:  I absolutely believe this has started and cannot be stopped.

 “Futures slide as bond yields spike to a 3 week high”  

We are watching an inverted bond market. We are watching the short term bonds out bid and out earn the long term bonds. I was always told this is key to the reset and we are watching it live. This bond market is in shambles.

 I was always told to watch for this just before the reset…and to watch for the HCL law to be passed in Iraq. We are now watching them as we approach the finish line.

 This article is directly from the CBI “IMF reports it’s consultation with Iraq on Article 7 for 2024” 

 They want us to know how exceptionally things have gone. How they have changed the reserve requirements and how Iraq has already met the reserve requirements. Iraq’s banks hold 18% reserves.  US banks only hold 2%. Banks in Iraq are much safer than US banks. This is part of moving to phase 2 of the white papers and economic  reforms. What is also in those reforms is an increase of the purchasing power if the dinar. This shows the clear progress they are making.

"RV UPDATE" BY CLARE, 29 MAY

  Clare

  Article "The Central Bank of Iraq "denies" issuing a currency in the category of (100) thousand  dinars"  Quote "The Central Bank of Iraq denies issuing a new currency in the denomination of (100) thousand dinars, indicating  that the image of the new currency circulated on social networking sites is a “fake” image bearing the image of the late Iraqi  architect Zaha Hadid"  

Article:  "In light of the Middle East conflict, the World Bank expects oil prices to exceed $100"  Quote:  " The bank said in a report published today that a severe price disruption could lead to oil prices exceeding $100 per barrel, which would increase inflation in 2024 by about one percentage point."

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

Iraqi Dinar update for 05/28/24 - Economical growth in Iraq and report f...