Wednesday, July 10, 2024
Tuesday, July 9, 2024
"THE MONETARY REFORM ONLY ALLOWS DINARS IN IRAQ... AND IRAN NOW UNDERSTANDS THIS!!!" BY FRANK26
KTFA
FRANK26: "THE MONETARY REFORM ONLY ALLOWS DINARS IN IRAQ... AND IRAN NOW UNDERSTANDS THIS!!!".............F26
The Central Bank of Iran allocates 200 thousand Iraqi dinars for each visitor
7/7/2024
The Central Bank of Iran announced today, Sunday, the allocation of 200 thousand Iraqi dinars for every Iranian visitor wishing to travel to Iraq during the Arbaeen pilgrimage.
The head of the Central Bank, Mohammad Reza Farzin, said in press statements, "The Arbaeen currency will be issued in Iraqi dinars in selected branches by the banking network after the end of the Tasu'a and Ashura ceremonies."
He added that "in the Arbaeen pilgrimage this year, 200 thousand dinars will be provided to every Iranian visitor wishing to travel to Iraq."
He explained that "registration of applicants for the Arbaeen pilgrimage began today, Sunday, July 7, which coincides with the first day of the month of Muharram."
By going through the foreign exchange market today, Sunday, it becomes clear that every 1000 Iraqi dinars in the free market is equivalent to 46 thousand tomans.
LATEST FROM MILITIAMAN, 10 JULY
Militia Man
Article quote: "The fixed exchange rate system in Iraq is based on an international reserves base is the highest in the history of Iraq..
.Foreign currency covers more than 100% of the total currency issued." Even the trillions, they have enough reserves to do that. In other words if they change the exchange rate to something that's strong, that reflects the true fundamentals of the country, they shouldn't have any problem. Their model is stable, secure...very little inflation. They've been successful doing this model...
The electronic age is going to allow them to....spend the money efficiently. And for what? The operational side of the budget and the investment side. That's one of the key things Sudani was waiting to be able to pay for. He said he launched this program and they said they got started in implementation phase as of the 1st of July. The investment portion of it has my concern because I think that's where we're going to be looking for the real effective exchange rate.
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.
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
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...