ABOUT THE HCL ON THE 14TH? BY FRANK26, 14 JULY

 Frank26

  Question: "Do you think the HCL on the 14th?" 

 I can't pick a date of anything but I can tell you this much, in my heart, quickly, now, this month.  The HCL requires a new exchange rate.  After the 14th I think a lot of windows are going to be opened up.  

 Question:  "With the currency economy would you keep some of the IQD, it not exchange it all?"  

This is something you have to decide.  I can't tell you what to do...My intentions are to take about 10% of what I got...exchange it.  

 Because that'll help me establish and get myself where I want to be...The other 90% I'm going to watch the float...As it goes upward, I'll probably take another 10% and cash it out at, maybe it's at $2.00 by then. 

 If it ever reaches the reinstatement $3.22 I might be tempted to move an awful lot of it because after that it's looking for a cap and that cap might be $3.22, it might be in the $4.00 range.  I don't know.  That's the sequence I'm going to follow.  10%, 10% then eventually when it feels that it's time to move it all, we do it.  

2024 Budget Revealed: Iraq's Currency RV & Vietnam's Export Opportunitie...

The Iraqi Chambers Of Commerce Signs A Memorandum Of Understanding With Its European Counterparts

  Economy     European Union     Federation of Iraqi Chambers of Commerce     Memorandum of Understanding  

2024-07-12 08:22   Shafaq News/ The European Union Ambassador to the Republic of Iraq, Thomas Seiler, announced that Iraq had signed a memorandum of understanding with the European Chambers of Commerce.

Sayler said in a statement received by Shafaq News Agency:

“On my initiative, the Federation of Iraqi Chambers of Commerce and the European Chambers (its counterpart at the European Union level) signed today in Brussels a memorandum of understanding for mutual cooperation.”  

He added, "This understanding will give Iraqi companies access to better options for cooperation and trade with companies in a large market that includes more than 40 European countries, including the 27 member states of the European Union." He stressed that  "supporting small and medium-sized companies and developing the private sector is a major political goal of our cooperation with Iraq."   https://shafaq.com/ar/اقتصـاد/غرف-التجارة-العراقية-توق-ع-مذكرة-تفاهم-مع-نظيراتها-الاوروبية    

ABOUT THE BUDGET OF IRAQ WAS UNCONSTITUTIONAL BY MILITIAMAN & JEFF, 14 JULY

 Militia Man 

 [Response to Guru Jeff 3-12-2024 below] 

The 2023-24 budget has been approved and voted on and even in the Gazette as of ~June 2023.  It allows the government to make amendments to things.  Is this constitutional thing?

 I don't think so.  

I think they're minor amendments.  It has nothing to do with being constitutionally outside of the block.

 Jeff 

 Article: "The 2024 budget will be returned to the House of Representatives and the reason is revealed" 

 Iraq approved their budget on Monday June 3rd. I've known since June 4th Tuesday that the budget was unconstitutional...I've stayed quiet since to let the news catch up.  I knew this immediately was unconstitutional.  I knew it was going to get overturned by the court, the whole time.  Now you're witnessing it.  The news is finally, a month and a half later, catching up...That's how far ahead we are...

🔥 Iraqi Dinar 🔥 News is Finally Come 🔥 Today IQD Value to Dollar RV News...

Rafidain: The Digital Transformation Plan Is Proceeding According To The Set Schedule

 Posted On2024-07-12 By Sotaliraq  Rafidain Bank announced the implementation of the comprehensive banking system in the Baladruz branch in Diyala Governorate, stressing that the digital transformation plan is proceeding according to the scheduled timings.

The statement said, “In implementation of the government program to move from paper transactions to electronic transactions to provide the best services to citizens, Rafidain Bank announces the implementation of the comprehensive banking system in the Baladruz branch in Diyala.”

The statement added that the Baladruz branch “has thus joined the branches that have activated the comprehensive system in Baghdad and the governorates, in addition to the border crossing branches (Zurbatiyah - Safwan - Arar - Trebil), so that the number of branches that have implemented and completed the system has become 32 branches, in an important step to strengthen the banking system and achieve its requirements and leave paper work and move completely to electronic systems.”

He stressed that “the digital transformation plan and the adoption of the comprehensive banking system are proceeding according to the set timetables to include all bank branches in the implementation of the system, especially since the priorities and adoptions of the government program include electronic transformation in financial transactions, reducing the circles of routine for citizens, shortening time, simplifying procedures, overcoming obstacles, and intensifying efforts to improve the level of services provided to customers and completing their transactions.”  LINK

ABOUT IRAQ ANNOUNCING TO THE IRAQI CITIZENS THAT THEY WILL HAVE A NEW CURRENCY COMING BY FRANK26 & WALKINGSTICK, 14 JULY

Frank26 

[Response to Guru Walkingstick's post below]  

 If the citizens are asking questions about the monetary reform and they're answering their questions should not the evidence of those answers be given     to them soon, rather quickly?  

 You may think this was a random act [Announcing to the Iraqi citizens, you have a new currency coming.], I think it was clever.

Walkingstick 

 [Iraqi bank friend Aki update] 

Aki...wanted to report there is a big run on the banks of Iraq right now by the Iraqi citizens.  

They're pouring into the banks.  It's not happening in Aki's bank [Which is in Michigan] it's happening over in Iraq.  

What's going on is it was, last Tuesday, they announced to the Iraqi citizens, you have a new currency coming.  So all of a sudden people started pouring in the following day on Wednesday and Thursday...'We are giving you a new currency,' is what triggered this.