"RV UPDATE" BY KAPERONI, 23 JUNE

 Kaperoni

  Article quote: "new pipeline project at an amount estimated at approximately 6.5 billion Iraqi  dinars ($4.9 billion)" Community Comment "The mathematical 'mistake' basically equals 1.32. This seems very very coincidental to  the deletion of the zeros."  Referencing the exchange rate in billions rather than trillions is an easy mistake to make. It happens  all the time and everyone thinks there's something to it.  Wrong.  

 Question: "What happens now that the auctions are soon to be over?

 What does this mean for the  Dinar holders out there Kap?"  It means monetary policy is changing after 20 years to reflect the economic changes in Iraq. We'll  have to wait and see what happens.    

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Floating the currency is the best option but only once they have created a diverse economy that is not dependent solely on oil.

...New currencies coming out in Iraq. Not true, the Iraqi dinar is the currency of Iraq. As far as any new smaller denominations, they will be introduced only as needed if and when the value increases and warrants so. There is no significant RV!

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...The dinar to float at well over a dollar. Unlikely, the dinar when it floats will be whatever the current exchange rate is and could rise gradually accordingly.

  Community comment: "Today the cbi says there are no new printing of bills"  

That is correct.  The Central Bank does not randomly print currency unless it's to replace damaged or worn out notes. There is no need for a new currency unless it is warranted.  Moving to digital will eventually reduce physical notes.

 Question: ----"They have a very largebudget ,without an increase in rate how do they meet the projects that is lined up?"

  External expenses are paid in dollars since their primary revenue is dollars. Dinar is used to pay salaries, etc. in country.

 CCommunity Comment: "Hopefully in the next 5 yrs we will see an appreciation of the currency  price, based on the last year of progress."  I agree!  Iraq has an excellent opportunity now to diversify their economy and develop  the banking system.  

 Much of the float articles that we have seen have concerns about speculators that is because they are referencing dealers speculating within the country.   That will not happen.

 All of these changes that they're talking about pertain to monetary policy. They have nothing to do with the exchange rate. Whether or not the exchange rate goes up or not is directly related to the economic success thereafter.

By the end of the year when the Central Bank of Iraq ends the currency auction, only transfers  amongst established Iraqi banks and regional or International banks will occur.  In other words, the float of the dinar and  transfer of funds will be institutional.

 What this means for us is the future of the dinar exchange rate is directly tied to the  capital flowing through the CBI, economic growth, and success of Iraq. As Iraq prospers, so will the dinar!  Though we may not see  the dinar exchange rate improve initially. This is a significant change in monetary policy for the Central Bank of Iraq. Some 20  years in the waiting.  

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-kaperoni-25-may.html

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-kaperoni-26-may.html

Big Massive Update About Iraqi Dinar Exchange Rates Today 2024🔥iraqi din...

Iraq announces the overthrow of the ‘most important terrorist detachment” in Salah al-Din and carries out two raids on ISIS dens, 23 JUNE

Iraq announces the overthrow of the ‘most important terrorist detachment” in Salah al-Din and carries out two raids on ISIS dens

Shafaq News / The Joint Operations Command announced, on Saturday, the overthrow of the “most important terrorist detachment” in Salah al-Din, citing the implementation of two raids on ISIS dens in the province.

A leadership statement in response to Shafaq News said, “The Iraqi National Intelligence Service in conjunction with the Counter-Terrorism Agency carried out a qualitative operation that was based on accurate information and activated the intelligence effort with the targeting cell of the Joint Operations Command in the Balkan Mountains in the Toz Khurmatu district within the eastern Salah al-Din operations boycotter.”

The statement continued, “The heroes in these two devices began monitoring and follow-up operations for the terrorists in the above region and besieging the most important terrorist detachment within this sector, and in coordination with the brave air hawks, two air strikes were carried out by F_16 aircraft that dracked this tunnel as well as the rest of the ocars, which led to the killing of all members of the terrorist detachment, the number of whose members is estimated according to preliminary information, 7 terrorists, including a dangerous commander.”

https://www.shafaq.com/ar/أمـن/العراق-يعلن-ال-طاحة-بـ-هم-مفرزة-رهابية-في-صلاح-الدين-وينفذ-غارتين-على-وكار-لداعش

"RV UPDATE" BY PIMPY, 23 JUNE

 Pimpy 

 I challenge any content creators out that's making videos about the dinar...to...a debate...Bring  your receipts.  Bring your proof that I'm wrong and I'll bring my proof why I say I'm right.  That's all you have to do.  It's not  that hard...Remember that I challenged people out there...I would give them $5,000 if they could...have a debate with me and prove me wrong about anything that I'm saying...How many people showed up?   ;

Zero.  

When you hear somebody tell you that, 'Hey in one country you cannot move forward and rebuild with huge projects with an exchange rate of 1,320 of your currencies for $1' just say, 'Oh yeah? 

 Look at Vietnam who has 26,000 of their currencies for every $1 and they continue to move forward.'

RV/RI Back to $3.22 Then Float to $4.72!🚩Is This Even Possible?🤔Dinar RV...

Changes in the digital economy and their impact in Iraq, 23 JUNE

  Changes in the digital economy and their impact in Iraq

Researcher in finance and development affairs and academic Aqeel Jabr Ali Al-Muhammadawi 

The beginning of the twenty-first century can be marked by the development of advanced digital technologies, a revolution in the information field, and the acceleration of the processes of economic globalization. Currently, the development of information technology plays an important role in society and the economy. 

Individuals and society always seek to meet growing needs in a certain field of activity, while information technology expands the capabilities of all people, organizations and countries.

Information technology has not only changed the patterns of business and consumer behavior in the modern economy, but also laid the foundation for various processes: high-tech production and economic activity, development of financial services, changes in educational concepts and standards, digital transformation.

This infrastructure, formed on the basis of electronic interoperability, has become a new direction of global technology development in which economic activity depends on digital technologies.

The digital economy enhances competition and competitiveness not only within the country, but also at the global level. Therefore, any country, including Iraq, that seeks to compete and build competitive performance standards in the global market must properly exploit the potential of the digital economy and promote digital progress. 

Iraq must catch up, accelerate the adoption of digital technologies, and ensure that everyone can access these technical benefits and modern information technology.

At the same time, fulfilling the promise of digital mainstreaming requires balancing risks and opportunities. As the world transitions to digital technology, preventive measures are critical to enhancing trust. Laws must be put in place to protect data, achieve cybersecurity, and create strong institutions to develop and enable robust, interconnected digital systems that can verify identity, transfer payments quickly and securely, and exchange data responsibly.

For Iraq to reap the benefits of technological and technical progress in digitization and artificial intelligence, and participate fully in the global digital economy?

In order to accelerate the pace of engagement in the digital economy community with deliberate and reliable steps, Iraq should adopt the methodology of the digital economy and modern financial digitization. My agencies: 

1- Bridging the global digital divide: Despite the rapid spread of new technologies in various parts of the world, 37% of the population, each person, is still deprived of Internet services. In addition, a large percentage of Iraqis are not involved in advanced information technology applications. 

2- Preparing for the jobs of the future: Innovation radically changes the nature of work: new jobs are emerging, and other jobs are developing. In order to compete and contribute to raising the level of competitive performance standards of the digital economy, Iraq will have to prioritize education, vocational education and training, and build the digital, technical and technological skills of its workforce.

3- The importance of developing safe and reliable digital systems: With the world’s shift to modern digital technology and technologies, strengthening capabilities in areas such as cybersecurity, data protection, and maintaining the modern digital financial and economic system has become more important than ever before.

4- More funding to provide Internet services and IT applications for all: Providing broadband services for all will require more than $100 billion by 2030, and the public and private sectors cannot do this alone. Governments must undertake bold reforms, and the private sector can reduce costs and risks and increase efficiency, innovation and leadership.   link

"RV UPDATE" BY MIKE BARA, 22 JUNE

 MIKE BARA

💢Mike Bara updates on his contact 6.22.24 -- The "Bond holder" is once again certain he gets paid out on Tuesday, but he is returning to his city of origin tomorrow. He HAS to be in this location to get his payout. This means the payout COULD come sooner than Tuesday. More as I get it...

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 💢Mike Bara: High WF banking sources are telling people who hold currency not to bother taking any contracts for work longer than a week or two — no matter how much money is involved.

We are almost there, folks…

💢 Gezelle, Liberty Lounger Extraordinaire, offers clarification for those who might be a little confused 

➡️ They are advising not to take any contracts for work (self-employed people) for more than max 2 weeks.

6.21.24

https://dinarevaluation.blogspot.com/2024/06/rv-update-by-mike-bara-22-june.html