Monday, July 15, 2024
Stability Of The Dollar Exchange Rate Between The Targeting Of The Central Bank And The Impact Of Regulatory And Random Variables
Dr. Haitham Hamid Mutlaq Al Mansour With the fluctuation in the value of the dinar against the dollar since last week, it was noted that there are some predictions and signals from here and there that hint directly or indirectly that the dollar contract will disintegrate to a state in which it will move far away from the target level.
In fact, some have predicted that the dollar will escape from the control of the Central Bank. Here we had a pause with these predictions and signals.
It is self-evident in the logic of supply and demand that we sense a rise in the exchange rate of the dollar against the dinar for reasons related to the tightening measures of the official supply, as the Central Bank targets the stability of the actual exchange rate and is trying to achieve a reduction in the gap between the nominal and real prices.
Therefore, it is not surprising that the dollar exchange rate has risen these days and for a week in particular. In this case, we say that the rise and fluctuation in the levels of the actual exchange rate cannot be judged based on it and concluded from it that the actual exchange rate may be exposed to a breakdown in the short term, because the fluctuation towards an increase during the week is not considered a fluctuation in the life of short-term changes, and also that the buffers of monetary policy are present and strong to maintain the stability of the exchange rate, because it uses monetary, financial and operational tools that aim to reduce the price level and keep inflation within an acceptable level.
And maintaining the level of foreign reserves within the desired growth rate and supporting the level of the dinar exchange rate against the dollar according to the fixed exchange rate system, which amounts to about 120 billion dollars, works to cover the source of currency.
The official exchange rate of the Central Bank is still maintaining its level and short-term rates, a path with an acceptable general trend within the controlled levels based on the effects of And external, organizational or random variables. It is also not possible to conclude that the dollar exchange rate will slip out of control in the short term, since the short-term price level did not rise beyond the 1515 range to the 1600 threshold or more, but rather returned to 1500 on Saturday evening.
In addition, the overall inflation index is controlled by the fiscal and monetary policy measures, as is known, through controlling the growth rate of foreign reserves and stabilizing the general price level resulting from reducing the internal supply of cash dollars in transactions, payments, contracts and commercial obligations since last year, criminalizing and regulating them.
The parallel exchange market has become of low impact outside the official exchange market, with a gap ranging around 10-18 for the total dollar demand and supply.
Therefore, it can be concluded that the clear stability witnessed by the dinar in its real levels is due to the stability of the exchange rate at this gap, in addition to the measures and policies of the Central Bank supporting the reduction of the gap between the two exchange rates for about a year, including the legal and monetary ones. Since the recent fluctuation was limited to the aforementioned 10-18 range, which means that the effectiveness of targeting is still within the acceptable level, since the parallel price system is considered subordinate to the targeted price system, since the first Based on the second in the mathematical and economic effects.
Therefore, it is too early to predict the dollar exchange rate will deteriorate in the presence of these political and procedural variables. 2024/07/14 https://economy-news.net/content.php?id=45216
RV UPDATE BY PIMPY, 15 JULY
Pimpy
This is big... Article Quote: "According to the latest data that is available, transactions through the central bank electronic platform have considerably increased with daily transactions reaching $200 million which is consistent with the size of Iraq's economy. This marks a substantial rise from...2023 when transactions were around $50 million per day."
That's a huge increase of $150 million. This is right on par with Iraq's economy but the fact that the transactions have increased is a big plus for people investing in Iraq dinar...
Article quote: "The transparency provides a realtime reporting on the FITR platform can also enhance market confidence in the Iraqi dinar.
Investors and traders are more likely to trust a currency whose transactions are openly documented and monitored by regulatory authorities. T
his increase in confidence can contribute to a greater stability in the foreign exchange market for Iraq dinar...Higher levels of activity transactions being reported on the FITR platform can indicate a vibrant and active economy. A robust economy often translates to a stronger currency value as investors are more willing to hold the asset denominated in that currency." This is good news but again you guys stay grounded. Sandy by. Every day there's more and more good news coming out of Iraq...This is great news.
Sunday, July 14, 2024
The framework gives the Sunnis the last chance to name the parliament speaker: no postponement after that
7/14/2024
The Coordination Framework, which brings together the ruling Shiite political forces in the country, set today, Sunday, July 20, as the date to decide on naming a new speaker for the Iraqi parliament, stressing that after this date, the matter will be left to the members of the House of Representatives to choose for themselves who they see as suitable for this position.
The leader in the framework, Aid Al-Hilali, told Shafaq News Agency, "The Coordination Framework forces gave the Sunni political forces a deadline until July 20, i.e. after the end of the Ashura rituals, to decide their position and agree among themselves on the file of electing the parliament speaker."
He added that "if the Sunni political forces do not agree among themselves, a session will be held to elect the Speaker of the House of Representatives, in the first session of the legislative term, and the matter will be left to the representatives, and whichever candidate gets the highest number of votes will be the new president," stressing that "there is no postponement in this, as the framework forces want to resolve the issue quickly, as it has had a negative impact on legislative and oversight work."
Since the Federal Supreme Court (the highest judicial authority in Iraq) decided in November 2023 to terminate the membership of former Parliament Speaker Mohammed al-Halbousi, the political parties and forces have not been able to name a new Parliament Speaker due to the differences between them . LINK
JUDY NOTES, 14 JULY
Judy Note
Numerous sources report that the Rodriguez monies (destined for humanitarian use) of the Global Currency Reset were released on Thurs. 11 July. Other monies including the St. Germaine Trust would likely be released sometime next week.
Some Bond Holders and large Groups have been paid. Bankers have a booklet titled “Global Currency Reset” instructing them on how they can adjust to the gold/ asset-backed system.
---
- Wed. 10 July 2024 Frank26 Call: Hawaii Airlines and certain hotels were now accepting the IQD. HCL is accomplished and is international.
- Tues. 9 July Bruce, The Big Call: “I was told that this was the week for this to go and one of our sources said this should be our week.
- Wed. 10 July 2024 Debt Jubilee: BQQQM!!! The Debt Jubilee Begins July 10th! Prepare for the Revolution! – American Media Group (amg-news.com)
- Wed. 10 July 2024: US Debt Clock: It’s a Quantum Leap in Wealth Creation – The Man with the Plan: Donald Trump!(video) – American Media Group (amg-news.com)
- Bitcoin servers and data centers will face a decisive blow, leading to the fall of 99.5% of crypto-currencies, including China Coins.
- ISO20022 Coins, backed by Precious Metals, will emerge as a new financial paradigm.
- The Stock Market will crash, reshaping the global financial landscape.
- Quantum Systems will come to life.
- NESARA/GESARA/RV will pave the way for a new era of prosperity.
- Ten countries will unite to activate the Emergency Broadcast System, covering the entire globe.
- A cascade of shocking truths will be unveiled.
- The White Hat Military is in control of the redemption process, which has released funds across the World for the Global Currency Reset.
- All banks have signed Non Disclosure Agreements.
- The GCR funds come directly from the US Treasury Department of Defense Operations – that go out to Treasury Departments in other countries.
- Japan has revalued their currency.
- Bond Holders have begun to be paid in Brazil.
- Bond Holders in the US have been promised to be liquid this week.
- Notifications have gone out to Tier 4a, a small group of Tier4b and some Bond Holders.
Judy Note
Wed. 10 July began the Global Debt Jubilee, although many felt it was a no news day – at least none that was revealed to us.
Wolverine knew it was the long waited for Debt forgiveness day. He posted in his room that notifications for exchange appointments for the Global Currency Reset of 209 nations commenced on that Wed. 10 July evening, with at least some liquidity expected to be available on Mon. 15 July. BQQQM!!! The Debt Jubilee Begins July 10th! Prepare for the Revolution! – American Media Group (amg-news.com)
Also on late afternoon Wed. 10 July we received news that there was a Stock Market Crash Alert for the next day, Thurs. 11 July
Global Currency Reset:
Global Financial Crisis:
Unfolding of Events. As the grand spectacle takes shape, a series of remarkable events will transpire:
There will be an Internet Blackout.
TIDBIT FROM FRANK26, 13 NOV
Frank26 The monetary reform policy is being introduced to you Iraqi citizens on a daily basis isn't it. It's is my hope. It ...
-
Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
-
Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...
-
JENTEL RV UPDATE RV NEWS- AA Uriel Payments are being received. They started yesterday in other countries. To meet today's requireme...