DINAR REVALUATION

Friday, June 14, 2024

NADER FROM MID EAST: Central Bank of Iraq Talks With EU

An Economic Expert "Indicates" A Record Increase In The Volume Of Electronic Payments (POS), 14 JUNE

An Economic Expert "Indicates" A Record Increase In The Volume Of Electronic Payments (POS)

Economy | Yesterday, 17:55 |Baghdad today – Baghdad Today, Wednesday (June 12, 2024), economic expert Manar Al-Obaidi indicated a record increase in the volume of electronic payments (POS) for the month of April 2024.

Al-Obaidi said in an explanation on his Facebook platform, followed by “Baghdad Today”, that

“electronic payments with local cards have reached a record level, the first to be recorded in Iraq, with the value of payments reaching 1.5 trillion Iraqi dinars, an increase of 77% annually. Monthly rate of 10%. He added,

https://baghdadtoday.news/uploads/posts/2024-06/1718202977_2.jpg

"Thus, the value of electronic payments for the four months of the year amounted to 5 trillion Iraqi dinars, while the total electronic payments for the year 2023 were approximately 9.6 trillion Iraqi dinars, and the total electronic payments for the year 2022 were 8.2 trillion Iraqi dinars," pointing out that

"it is expected to exceed Electronic payments this year exceed 30 trillion Iraqi dinars.” Al-Obaidi stressed,

“This increase is due to the policies that were taken, especially in the field of government transactions, which imposed exclusively electronic payment, and the increase in societal culture.”

https://baghdadtoday.news/251403-خبير-اقتصادي-يؤشر-ارتفاعا-قياسيا-بحجم-المدفوعات-الالكترونية-(pos).html

"RV UPDATE" BY SANDY INGRAM, 14 JUNE

Sandy Ingram

The Central Bank of Iraq denied issuing a new currency denomination. The decision highlights the bank's confidence in the strength and stability of the Iraqi dinar, Even as other economies toy with the idea of introducing new denominations..

Last week marked a sensational milestone for the central bank of Iraq. In a stunning financial twist, foreign remittance sales skyrocketed by a whopping 90%, surpassing cash sales by over $252 million...The majority of these sales...were strategically utilized to bolster balances abroad through remitt..FOR READ MORE: https://dinarevaluation.blogspot.com/2024/06/rv-update-by-sandy-ingram-11-june.html

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No one in the Middle East wants big daddy America to make Iraq wealthy. Oh, wait, Iraq is already wealthy. It's just a matter of maximizing, investing and building the infrastructure for long-term wealth...It's only a matter of time before Iraq opens the gates to massive success.
Last week marked a sensational milestone for the central bank of Iraq. In a stunning financial twist, foreign remittance sales skyrocketed by a whopping 90%, surpassing cash sales by over $252 million...The majority of these sales...were strategically utilized to bolster balances abroad through remittances and credits. By regulating the flow of foreign currency the central bank instills robust confidence managing Iraq's balance of payments.
A [Community member] wrote and then deleted the following comment in response to...the results of the emergency budget meeting, 'The rate is still 1310 for the next budget....for read more:

https://dinarevaluation.blogspot.com/2024/06/rv-update-by-sandy-ingram-4-june.html

PIMPY: More visions and dreams about the dinar continue 06/13/24

Thursday, June 13, 2024

An Economic Expert Rules Out The Possibility Of Establishing A Sovereign Fund In Iraq... And Enumerates The Reasons, 14 JUNE

An Economic Expert Rules Out The Possibility Of Establishing A Sovereign Fund In Iraq... And Enumerates The Reasons

Time: 06/12/2024 15:24:35 Read: 1,638 times {Economic: Al-Furat News} An economic expert ruled out the possibility of establishing a sovereign fund in Iraq.

Salah Nouri, the former director of the Financial Supervision Bureau, told Al-Furat News Agency, “Sovereign funds are established to achieve mostly strategic development goals.”

He stated that "most of the sources of financing for sovereign funds for countries that possess natural resources are from the surpluses of these sources (oil and gas) or foreign exchange surpluses." He pointed out that

"the management of sovereign funds is independent and highly experienced in successful investment and developing fund returns." Nouri continued,

“From the above, I think Iraq is not prepared, as there are no surpluses from natural resources (oil and gas) for these funds.

Rather, revenues from the sale of oil are depleted in the general budget in addition to resorting to borrowing (external and internal).

On the contrary, Iraq is likely facing a financial sustainability deficit.” Borrowing results and benefits.

https://alforatnews.iq/news/خبير-اقتصادي-يستبعد-إمكانية-انشاء-صندوق-سيادي-في-العراق-ويعدد-الأسباب

"RV UPDATE" BY FNU LNU, 14 JUNE

Fnu Lnu

Much has been made of the number 90 Trillion. This is the alleged number of Dinar at large...I do not believe this number is valid and here's why. 1) There are always casualties such as fire & natural disasters. 2) We know there has been an effort, for years, to coax three zero notes out from under mattresses, with some success. 3) We know stolen Dinar have been recovered in very large amounts recently. 4) Here's the biggie: I saw a video some years back, where a jet was seized attempting to leave the country, and it was stacked from floor to ceiling with coffin sized cases full of Dinar.

It had to be trillions. Much to my surprise, the jet was eventually cleared to take off. However, it was no surprise to hear the jet was registered to Nuri Al Maliki. The jet landed in Zurich Switzerland where it was then seized and the Dinar ..FOR READ MORE:

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-fnu-lnu-28-may.html

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There is NO NEED for an NDA, whatsoever, unless you were a participant in the Private Placements, which were concluded in 2011. The only people who otherwise hold NDAs are bank presidents, branch managers, and of course any of the three letter agencies necessarily involved, such as the UST...

There are several regiments to float a currency: FREE FLOAT - The currency's value is determined solely by supply and demand in the market...MANAGED FLOAT - Similar to a free floating...but a government intervenes by buying or selling its own currency to minimize fluctuations.

CURRENCY PEG - The currency's value is pegged to a basket of currencies or to another ..FOR READ MORE: https://dinarevaluation.blogspot.com/2024/05/rv-update-by-fnu-lnu-14-may.html