Question: "Do you think they're letting the dinar float into its cap before they release the new rate?"
No. You have to release the rate first. Once the rate is released internationally then it can be acquired by the international community.
It'll be used in banks...
Once the dinar is out there officially in the international market the friction that the Iraqi dinar is going to cause in the financial market will only cause it to get bigger and bigger and bigger in its value/rate internationally. Inside Iraq it doesn't affect it - a dinar is a dinar. The rate inside does not move, only the rate outside.
The demand on the dinar is so great right now that I think it demands a reinstatement of $3.22.
Shafaq News/ On Sunday, Iran and Iraq decided to reopen the border markets in Baneh and Saqqez cities in the Iranian Kurdistan Province.
According to Mehr News Agency, Mohsen Biglari, the representative of Saqqez and Baneh in the Islamic Shura Council, revealed in a press statement that he discussed this matter with Brigadier General Ahmad Ali Goudarzi , the Commander of the Iranian Border Guard.
"We reviewed the conditions of the border markets in the provinces of Siranband, Hangazal, Ghalesor, Baneh and Saif Saqqez." He said.
The representative described the reopening of the border markets of these two border cities as a general demand of the people.
"Fortunately, the Border Guard leadership agreed to reopen Kurdistan (Province)'s borders 100%," he added.
Notably, Iraq boasts five official crossings along its 1,599-kilometer (about 1,000-mile) border with Iran: Mandali-Sumar, Almunthrya-Khosravi, Zurbatiyah-Mehran, Chazabeh, and Shalamcheh. Additionally, there are three border crossings between Iraq and Iraqi Kurdistan: Haji Omeran-Tamarchin, Penjwen-Bashmaq, Parviz Khan, and Sayran Ban.
Article: "Prime Minister's Advisor: Iraq in the process of paying off long-term development loans to the World Bank" It looks like Iraq's financial situation is solid as they get effectively. She has so many revenue streams coming on board now it will only get better and the World Bank, the IMF, the UST, etc all know it. Hence, the view of Iraq will bring confidence to the largest Banks and Financial Entities in the world. That was broadcasted globally too.
Key players are ready to get this thing done.
It's a very good sign. I honestly believe we're watching history in the making...We're seeing progress like no other...If you're paying attention I think you guys should be really pumped and excited that things are happening.
Al-Sudani told us what? The project to delete the zeros is on the table. He said $1 will equal 1.32 dinars...If you look at the math, that's dropping the 3-zeros.
The newspaper “New World” published a report in which it talked about the tension between the two Kurdish parties, the Democratic and the National Union, explaining that the visit of Masoud Barzani, the leader of the Democrat, cast a shadow on a number of questions about the impact of that visit on the status of the National Union in Baghdad, especially between the forces of the coordination framework that (national) sees as the best Kurdish partner, given the great tensions that appeared in the past period between the framework and Barzani.
The relationship between the Kurdistan Democratic Democrats and the coordination framework has witnessed a kind of break and tension for several years, especially in the last two years, as the party reached the stage of threatening to withdraw from the coalition of state administration and boycott the political process, because of Baghdad’s decisions, which it considered against it.
In return for what happened with the Democratic Party, the Patriotic Union of Kurdistan, held an important position, and its influence became stronger in Baghdad, and was reflected in the elections of the recent provincial councils, especially in Kirkuk and Nineveh, at the expense of the Democratic Party.
A political source says, during an interview with the “New World,” that “KDP leader Massoud Barzani, when he was in Baghdad, refused to attend the President of the National Union Pavel Talabani, to meet the leaders of the State Administration Alliance.
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The source adds, “The leaders of the framework agreed to Barzani’s request, which clearly indicates that there is great tension between the two Kurdish parties, at a time when the region is preparing to hold parliamentary elections.” The head of the Kurdistan Democratic Party, Massoud Barzani, arrived in Baghdad last Wednesday, on a two-day visit, during which he met with most of the leaders of the political blocs, after he began his visit with a meeting with Prime Minister Mohammed Shia Al-Sudani, and then attended the meeting of the State Administration Alliance. It is noteworthy that the political office of the Kurdistan Democratic Party held the parties to the coalition of state administration “their national responsibility to implement the constitution and all the provisions of the political and administrative agreement related to the formation of the current government headed by Mohammed Shia Al-Sudani, stressing that “on the contrary, we cannot continue the political process,” after a member of the Federal Supreme Court decided to withdraw, against the background of court decisions issued by the Kurdistan region, including the elections and the salary crisis. But the PUK, he expressed its commitment to the date of the provincial parliament elections, considering it the best way to promote democracy. It is noteworthy that the decisions of the Federal Court strongly highlighted the large gap between the two main Kurdish parties, after the National Union welcomed those decisions, which included changing the way the salaries of the region’s employees are paid by transferring them to their beneficiaries directly through Iraqi banks, instead of sending them to the regional government for distribution to them. For his part, a member of the Patriotic Union of Kurdistan, Ahmed Herki, explains, during an interview with the “New World”, that “the visit of the head of the Democratic Party, Massoud Barzani to Baghdad, came to restore the relationship between the Democratic Party and the Shiite parties, and was preceded by prefaces, represented by the visit of the deputy head of the Democratic Party Nechirvan Barzani to the Iranian capital, Tehran, and everyone knows the size of the Iranian influence on the Iraqi equation, and this contributed to the wettening of the atmosphere with the Shiite extremists.” Regarding the impact of Barzani’s visit on the framework’s relationship with the National Union, Herki explains, “The Union has a relationship with Shiite forces for a long time, and support for the majority project of which the Democrat was one of the parties, and the Union remained firm on its position and support for the state and the judiciary, and we have a balanced policy in the relationship with all parties, and the Union will not be affected by this rapprochement between Barzani and the Shiite parties.”
He continues that “the visit may help to improve relations between the Democratic Party and the Shiite parties, but it will not be at the expense of the National Union at all, and in the Kurdish and Iraqi equation, the Union remains effective and influential, no matter how of the developments have occurred.” It is noteworthy that the Federal Supreme Court issued decisions on the elections of the region’s parliament, where it divided the region into 4 electoral districts, and also decided to dissolve the Independent High Commission for the federal elections, instead of Kurdistan, and the court’s decision came in favor of a complaint submitted by the Patriotic Union of Kurdistan after the failure to resolve its dispute with its traditional rival, the Kurdistan Democratic Party, on the election law within the Iraqi Kurdistan Parliament. In addition, during an interview with the “New World”, KDP leader Rebin Salam explains that “the Barzani visit is important and historic, and has nothing to do with pulling the rug from any party, whether it is the National Union or any other party.” He points out that “the visit is much greater than these secondary topics, it carries a Kurdish, Iraqi, regional and even international agenda, and it is much greater than the positions of the Kurdish parties, which seek from their relations with the Shiite parties to obtain a certain position or privilege.” “In the last stage, the PUK took advantage of the tense relationship between the Democrat and the coordination framework, and some of its parties tried to troll with turbid water, and pour oil on the fire, but we tell them that this phase is over, and there is no safe distance to play in it,” Salam continues. He continues, “the National Union was acting in its relations with the Shiite parties to serve its party interests only, and it was not working on the basis of the Kurdish interest, and we reassure them that, the leader of the Democratic Party, Massoud Barzani, is too big to think of revenge from a certain side, and always loves all different parties on one table.” It is noteworthy that the two democratic parties and the Patriotic Union of Kurdistan, entered into a major conflict after holding the parliamentary elections last October, about the post of President of the Republic, the first demanded this position, being the largest number of parliamentary seats from the Kurdish parties, at a time when the other insisted on it, given the sharing of positions that has existed since 2005, where the Democratic Party controls the positions of the regional government while the presidency of the Republic goes to the National Union. It is worth mentioning that the National Union, an alliance with the forces of the coordination framework in the Nineveh Provincial Council, at the expense of the Kurdistan Democratic Party, and has held several administrative positions, which prompted the latter to announce the withdrawal from the Nineveh Council, before Barzani’s visit to Baghdad, but after the visit, a decision was issued by the Prime Minister, to stop the changes that took place in the local Nineveh administration. On the other hand, political analyst Oed Al-Hilali confirms, during an interview with the “New World,” that “Barzani’s visit to Baghdad carried messages regarding the tension of the regional and international situation, especially in light of the desire of the armed factions to participate in this conflict, specifically in southern Lebanon.” He points out that “the coordination framework and Shiite forces see the Democratic Party and Massoud Barzani as a great force that cannot be overcome, especially after reforming the relationship between the Democrat and Tehran,” adding that “the visit will not affect the relationship of the National Union with the coordination framework, the latter sees it as a reliable and guaranteed partner and more trust than other parties.”
The two exchange rates [Official rate and market rate] MUST come into alignment before there can be an increase in the currency value.
If the Iraqi dinar revalued next week are you ready? ...Understanding this one fact, you will do just fine. The wealthy never never ever spend their bases or the foundation of their wealth. In your case this would be the profits from your Iraqi dinars...Wealthy people invest their initial profits. The first person they hire is a financial advisor.
The second...is a tax professional...to make sure Uncle Sam doesn't get large sums of their money. If you do anything else you are in the fast lane to going broke.
Article: "JSC: The government has successfully completed the sale of securities" Quote: "
The government has successfully completed the sale of financial bonds...all the financial bonds that were sold, were all subscribed...This reflects the strength and stability of the State of Iraq."
Government bonds are a type of debt-based investment, where you lend money to the government at an agreed interest rate. Governments use them to raise funds that can be spent on infrastructure or new projects and investors can use them to get specific returns paid at regular intervals...
