Thursday, July 25, 2024

Iraqi Dinar Guru News Highlights (7/25/24)

"ONCE AGAIN THE CBI TELLS THE IRAQI CITIZENS DON'T PAY ATTENTION TO ANY NEGATIVE TALK CONCERNING THE REFORMS!!!" BY FRANK26, 25 JULY

KTFA

FRANK26: "ONCE AGAIN THE CBI TELLS THE IRAQI CITIZENS DON'T PAY ATTENTION TO ANY NEGATIVE TALK CONCERNING THE REFORMS!!!"..........F26

Central Bank: No changes in the mechanism for selling dollars to travelers

7/24/2024

Baghdad

The Central Bank of Iraq confirmed on Tuesday that there are no changes in the mechanism for selling dollars to travelers.

The bank stated in a statement received by "Al-Eqtisad News" that "the flow of selling dollars to travelers through airport outlets via government banks and some exchange companies continues with the same mechanisms that it launched on July 14, and there are no changes in this mechanism."

He explained that "the news that is spreading contrary to what was stated in his instructions is intended to spread chaos and confuse citizens, and undermine confidence in the national economy, which this bank is working to establish."

On July 14, the Central Bank decided to grant dollars exclusively to travelers at airports.

LINK

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The Central Bank confirms the smoothness of selling dollars to travelers through airport outlets

LINK

WHAT IS TYPE 1 REDEMPTION?, 25 JULY

WHAT IS TYPE 1 REDEMPTION?

REDEMPTION-TYPE 1: ZIM CURRENCY/BONDS EXCHANGE:

is a covenant legal term strongly associated with ransom, atonement, substitution and deliverance, and therefore, salvation. Theologically, redemption ultimately refers to the saving work of Christ, who came to accomplish our redemption by giving his life to replace ours as the ransom price.

It is easy to think of redemption as the ultimate end, but restoration means that there is more to redemption than the promise of eternal life. The lives of the redeemed are restored to good purpose on earth. God's restored people "bear fruit in every good work and increase in the knowledge of God" (Col. 1:9-12).

This is identified as The Redemption Center where we must present ourselves, by ourselves and for ourselves, to "redeem or exchange" your currencies and/or ZIM Bonds.

These come with higher specific rates and predetermined allocation percentages of what will be considered for "personal use" and the rest for "humanitarian projects."

Estimated allocation percentages range from 5% to 20% for "personal use."*

*Subject to change. Dinar and Dong, double-digit interest rates 2 bonds 11 to USNS

@Era54321Golden

TRANSLATION IN SPANISH

¿QUÉ ES LA REDENCIÓN TIPO 1?

REDENCIÓN-TIPO 1: INTERCAMBIO DE MONEDA/BONOS ZIM:

es un término legal de pacto fuertemente asociado con rescate, expiación, sustitución y liberación, y por lo tanto, salvación. Teológicamente, la redención se refiere en última instancia a la obra salvadora de Cristo, quien vino a realizar nuestra redención al dar su vida en sustitución de la nuestra como precio de rescate.

Es fácil pensar en la redención como el fin último, pero la restauración significa que hay más para la redención que la promesa de vida eterna. Las vidas de los redimidos son restauradas al buen propósito en la tierra. El pueblo restaurado de Dios "da fruto en toda buena obra y aumento en el conocimiento de Dios" (Col. 1:9-12).

Esto se identifica como El Centro de Redención donde debemos presentarnos, por nosotros mismos y para nosotros mismos, para "canjear o intercambiar" sus divisas y/o Bonos ZIM.

Estos vienen con tasas específicas más altas y porcentajes de asignación predeterminados de lo que se considerará para "uso personal" y el resto para "proyectos humanitarios".

Los porcentajes de asignación estimados van desde un 5% hasta un 20% para "uso personal".*

*Sujeto a cambios. Dinar y Dong, tipos de interés de dos dígitos 2 bonos 11 al USNS

@Era54321Dorada

MILITIAMAN: Iraq Dinar Update - IQD Revaluation-Key Indicators - Deposit Insurance -...

Baghdad Governor: The capital’s development road path will include the largest commercial exchange station, 25 JULY

Baghdad Governor Abdul Muttalib Al-Alawi chaired an expanded meeting to discuss the final path of the development road, noting that it will include the largest commercial exchange station in the capital.

The Media and Government Communication Department in Baghdad Governorate stated: “The meeting witnessed the participation of representatives from the Ministries of Construction and Housing and Public Municipalities and Planning, a number of general managers and the technical assistant to the Governor of Baghdad and heads of administrative units in the districts and sub-districts in Baghdad Governorate.”

The governor said, according to the statement: “The files of conflicts and compensations for the owners of disposal rights and everything related to this important and vital path for Iraq and Iraqis were discussed, in terms of the economic, social, security and political aspects,” noting that: “The path that will pass through Baghdad Governorate cuts approximately 28-30 km after changing the path line, and contains the largest commercial exchange station in Baghdad, and will give a clear economic return and provide employment for workers.”

Al-Alawi pointed out: “The attendees stressed the need for cooperation and coordination between the concerned parties to establish this important strategic vital line, which will give Iraq an important strategic and economic dimension.” LINK

RV UPDATE : " TO IQD HOLDERS" BY ARIEL, 25 JULY

Ariel

@Prolotario1

To IQD Holders - This development is extremely important to your investment and the anticipation of the IQD on the Forex Market.

The recent inclusion of the CME CF Internet Computer-Dollar (ICP-USD) and XRP-Dollar (XRP-USD) Reference Rates and Real-Time Indices into the suite of benchmarks offered by the CME Group.

This development, effective from July 29, marks a significant milestone in the global financial landscape, and it holds particular importance for the Iraqi Dinar (IQD) and the ongoing monetary reforms. This is basically the reason stable coins are so important.

The establishment of transparent and reliable reference rates and real-time indices for XRP will enhance the overall stability and transparency in cryptocurrency markets. As these markets become more stable and predictable, it reduces the risks associated with volatile price movements.

This stability is crucial as they explore integrating cryptocurrencies like XRP into their financial system. XRP's pairing with major currencies such as the US Dollar (USD) and now potentially the IQD will significantly increase liquidity and market access.

For the Iraqi Dinar, this means improved foreign exchange market operations and potentially more favorable exchange rates due to increased demand and trading volume.

XRP is designed to facilitate faster and more cost-effective cross-border transactions. By aligning IQD with XRP, Iraq can leverage these advantages to improve their international trade and remittance flows.

This can lead to reduced transaction costs and time, benefiting the broader Iraqi economy. The pairing of XRP with IQD on the Forex Market is expected to bring several positive changes. Here are a few.

The introduction of XRP-IQD pairs can lead to more stable exchange rates for the Iraqi Dinar. As XRP gains wider acceptance and usage, it can help buffer against extreme volatility often seen in currency markets. The enhanced transparency and stability provided by the new benchmarks can attract foreign investors to the Iraqi Dinar. Increased investor confidence can lead to higher capital inflows, supporting the Dinar’s value and stability.

This is why there have been meetings taking place over the past few days. I'll cover that below in the next post.

DINAR REVALUATION