DINAR REVALUATION

Tuesday, July 9, 2024

Iraqi Dinar Revaluation: Militia Man's Latest Analysis"

Depositing about 500 billion dinars in the financial account of the Kurdistan Region to pay monthly salaries

Shafaq News / The Ministry of Finance and Economy in the Kurdistan Region announced, on Tuesday, that nearly 500 billion dinars were deposited in its bank account by the federal government to pay the salaries of civil servants for the month of June.

The ministry said in a statement today that it deposited a financial amount of 421 billion, and 760 million dinars into its bank account.

This amount is part of the June salaries of civil servants in the Kurdistan Region, the statement said.

https://www.shafaq.com/ar/كوردســتانيات/يداع-قرابة-500-مليار-دينار-في-حساب-مالية-اقليم-كوردستان-لدفع-المرتبات-الشهرية

LATEST FROM SANDY INGRAM, 10 JULY

Sandy Ingram

Iraq has the the largest foreign currency in the country's history. I has also amassed a small fortune in gold and made significant strides in developing the country.

Sandy Ingram

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...

https://dinarevaluation.blogspot.com/2024/07/latest-from-sandy-ingram-8-july.html

Iraqi dinar🔥Latest Exchange Rate Announced-iraqi dinar news | Dinar News...

Government banks prepare to implement the Central Bank’s procedures to sell dollars to travelers

An informed source revealed the date of the implementation by government banks of the procedures of the Central Bank of Iraq in restricting the sale of dollars to travelers at the official price.

The source told {Euphrates News} agency, “Government banks are preparing to implement the procedures of the Central Bank of Iraq in selling dollars to travelers at the official price at airports, in a move to help the government find solutions to the dollar crisis.”
The source explained that “the dollars will be delivered to travelers at the outlets of government banks at airports,” noting that “the start of selling dollars will be next week.”

The Central Bank of Iraq revealed last Thursday the new mechanism for travelers to receive foreign currency (dollars), which will be exclusively through the outlets of companies and banks at international airports, stressing that the goal of the new mechanism, which will come into effect on July 14, is to deliver dollars to the real traveler and pass sound transactions, in addition to facilitating travelers’ access to dollars faster.

LATEST FROM PIMPY

Pimpy

Community Comment: "The CBI is going to wait until they're forced to increase their purchasing power."

No. The CBI is going to wait until it's necessary to increase the exchange rate. Just because everybody out here that owns Iraqi dinar feels like it should be done and they want it done today doesn't mean it's going to happen. They have to do what's right for the Iraqi people.

Question: "Can someone please explain why Pimpy is in this?

Does he or does he not believe in the RV?

I'm Pimpy and I can answer that question. Do I believe the Iraqi dinar can revalue? Yes. I'm in this because I think the Iraqi dinar will revalue. As a matter of fact it's revealed a few times...

July 18th is going to be good. They get to go there, meet with the World Trade Organization.

There's going to be information and reforms and requests made by the WTO that they are going to hand off to Iraq. Iraq is going to go over there and drop off additional materials that was requested from the last meeting and ask questions to make sure their accession into the World Trade Organization continues to go as smoothly as possible. As far as the exchange rate is concerned, no it's not going to be brought up there because that's not the job of the WTO.