DINAR REVALUATION

Wednesday, June 26, 2024

Iraqi Dinar News Today | No Gazette, No Changes | Iraq's Budget and the ...

Tuesday, June 25, 2024

"IMPORTANT IRAQ NEWS: AFTER THE EID JUMP… A SPECIALIST PREDICTS THE DOLLAR EXCHANGE RATES IN IRAQ" BY MNT GOAT, 26 JUNE

AFTER THE EID JUMP… A SPECIALIST PREDICTS THE DOLLAR EXCHANGE RATES IN IRAQ

Economic expert Sirwan Abdel Rahman confirmed today, Friday (June 21, 2024), that the measures of the government and the central bank will contribute to reducing the price of the dollar again.

Abdul Rahman said in an interview with “Baghdad Today”, “The Central Bank’s measures reduced the chances of speculators and currency traders who wanted to exploit the crisis and raise the price of the dollar to more than 200 thousand dinars.”

He added, “The current price of the dollar is 145 thousand dinars, and if the Central Bank’s measures continue, especially in the issue of emphasizing the transfer of dollars except to those entitled to them, the price will fall in the parallel market and stabilize in the coming weeks at 140 thousand dinars.”

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

"RV UPDATE" BY MARKZ, 26 JUNE

MarkZ

[via PDK]

I did hear from 3 or 4 military sources and Reno and the Treasury…rumors that are all over the place, some saying it’s happening right now, to no – its tomorrow…to Its already started, to all kinds of timing rumors in an concerted effort to cloud timing. …I think it’s a good things to see them in panic mode trying to cloud timing.

I am getting inundated with bank contacts telling me to expect that things have already started …but coming to fruition in banks after the 4th of July. With a rollout in the days immediately following. I believe the 4th is on a Thursday this year... so I was told the roll out around the 6th and 7th. That is the rumor. But remember we don’t know the timing…but, I am sure getting a heck of a lot from the banking side that things are now moving quickly and that is what they are preparing them for..

Iraqi Dinar✅WOW Iraqi Dinar RV Update Today 2024 / iraqi dinar news toda...

Finally, “Carrefour” will open in Baghdad.. The international chain has ended its hesitation , 26 JUNE

Finally, “Carrefour” will open in Baghdad.. The international chain has ended its hesitation

It may not be a passing commercial event in Baghdad.. The international shopping chain “Carrefour” - which has been reluctant for years to enter the Iraqi market - has made up its mind and is actually preparing to open two branches in the capital.

The first will be in the Jadriya area within the “Jadriya Mall,” and the second within the Bismayah Mall complex. According to information obtained by the 964 network from various sources, the opening of the chain of markets in Al-Harithiya Mall has been withdrawn, because “Carrefour” needs a very large space that “Al-Harithiya” did not provide.

He already got what he wanted, as he acquired the largest part of the area of Al-Jadriya Mall, which will also include a group of branches of international agencies, while the chain’s branch in Bismaya will also obtain a large area within the mall of the residential complex, and Al-Jadriya Mall was scheduled to open.

It was strange that the local authorities in Baghdad agreed to open “Carrefour” in Jadriya...the most crowded area of Baghdad. Usually, the authorities oblige the “Carrefour” chain to open its branches in areas far from city centers, to contribute to the revitalization of remote areas and eliminate traffic congestion, especially since the crowding “Carrefour” is a certainty due to the easy and unique shopping experience it provides, the competitive offers and prices, the way products are presented, and the quality standards supervised by teams of international experts.

Carrefour is a French international supermarket chain with five branches in the Kurdistan region of Iraq (5 branches in Erbil, a branch in Sulaymaniyah, and another in Dohuk), and provides a wide range of home, food and other shopping options to the consumer.

Carrefour was scheduled to open a branch in Baghdad Mall in the Al-Harithiya area in the center of the capital, but the lack of suitable spaces prevented this, which prompted those responsible for the chain’s affairs in Iraq to search for alternative locations, indicating the possibility that the chain may have a third branch and perhaps A fourth in Baghdad soon. ink

"RV UPDATE" BY FNU LNU, 26 JUNE

Fnu Lnu

Article Quote: "Member of the Parliamentary Legal Committee, Raed Al-Maliki, (not to be confused with Nuri Al-Maliki) reviewed...the laws that will be read after the end of the legislative recess of the House of Representatives. Al-Maliki pointed out, 'The Oil and Gas Law and the Federal Supreme Court Law are basic laws and at the same time they are controversial laws, so I do not think they will be advanced during the second legislative term unless the government completes them.”

The HCL is not on the front burner...The excitement/speculation about the HCL being at the front of the line just isn't true.

[Response to the IBBC debate video 6-23-2024 below]

The exchange between Dr. Tabaqchali and Professor Gunter was very enlightening...Iraq is suffering from the same ailment as the United States...over-regulation and hostility towards the private sector...Bureaucratic strangulation...[In] Iraq, it is from the fact they were Internationally punished for something they didn't do and over punished by extending the punishment far too long...By over punishing, you breed a class/population of super criminals who become more savvy and more bold, accomplished by the crooked government being the bulk of employment opportunity.

...They must downsize the government by 1/2 and reduce regulations. The more important step is to revalue the currency using a hybrid model where they substantially raise the value of the Dinar and by backing half of that increase with gold and oil...By removing the bureaucratic barriers, business could start quicker and for less capital...

As it has been demonstrated in the United States under Reagan and Trump, tax reduction and deregulation cause fast and substantial economic growth...It is also my opinion that Iraq is working up to such a dynamic albeit they are acting too slowly and could miss the window of opportunity.