Iraq's got a massive amount of dollar reserves/foreign reserves. They've increased their gold supply...That suggests they're in good shape. They've got some security and...stability. I think everybody's starting to realize security and stability has been a big focus...It is coming to that stage where we're going to see more resulting in a far bigger way.
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Militia Man
All this time they've been doing all these meeting in Washington. About 48 hours ago they have come up with an agreement...to reduce forces...Alaq went to Washington about 10 days ago, unannounced visit.
He met with the US Treasury and the US Federal Bank, had to do with exchange rates...other currencies...They're going to be talking about...banking, finance, development, sovereign guarantees ... Ultimately, Iraq is going to have bilateral relations in security with the U.S. in finance, development, all those things.
Militia Man
I think Iraq's pretty hot right now... Sudani...is kicking butt and taking names...Everybody's got an interest because the Development Road Project is going to provide a lot of opportunities for a lot of different people in the region. The world has realized how far along he is... Sudani is knocking out of the park...He's setting the stage or the development road project to begin. It's starting up on fire. It's going to be great.
Militia Man
They haven't started oil pumping and you have to ask yourself, why? Because they need revaluation for that and I think that's what we're waiting for. Is that some sort of delay? I don't think so. I think the inner connectivity of the most complex revaluation situation in the history of mankind...is complex.
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Militia Man
I think when they say, "Whose operations are constantly expanding in favor of dealing at the fixed official exchange rate", is an argument suggesting that instead of being a floating currency...they're leaning towards a fixed official exchange rate for some time...
Iraq has been and is seeking to join the World Trade Organization...Iraq is promoting self-sufficiency. Why? Because they have all kinds of assets. They have inputs and outputs. They have so many natural resources that they're going to be able to make things, to be able to have excess...There's a working party on accession of Iraq [into the WTO] on the 18th of July. That's important.
Absolutely. It will link the Grand Faw Port in southern Iraq to Turkey's border and further into Europe.
The project aims to turn Iraq into a transit hub, shortening travel time between Asia and Europe in an attempt to compete with Egypt's Suez Canal.
This is what will make Iraq more powerful than Israel.
Because this is what they are fighting so hard to accomplish in Palestine. But Israel can't because Saudi Arabia is in the way.
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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.
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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.
Based on everything I'm reading today it's looking like the Federal reserve is screwing Iraq through their own Central Bank.
Check this out
The US Federal Reserve adopts a new strategy towards Iraq.
❓And ask yourself why would the United States put pressure on an Iraqi banking system that has come so far?
❓Why does the Federal reserve believe there will be a sudden,large demand for the US dollar?
July 26, 2024
The US Federal Reserve’s policy towards Iraq, expecting the dollar to rise against the dinar, which will put great pressure on the Iraqi banking system.
Al-Hashemi told Alsumaria News that “some information from within the corridors of the Central Bank of Iraq indicates that the US Federal Reserve has adopted a strategy different from its previous strategies towards the Iraqi economy,” indicating that “this strategy will be more stringent and will depend on three axis:
FRANK26: "YES... THE FLOAT WILL DEPEND ON THE IRAQI STOCK EXCHANGE."..........F26
The role of the Iraq Stock Exchange in supporting monetary policy in Iraq
July 23, 2024
Lawyer and banking expert Saif Al-Halfi
The world is now moving with rapid steps racing with the wind in the role of stocks supporting monetary policies, especially since the old classical theories considered that stock markets are not among the tools of monetary policy. This concept reflected a traditional understanding where monetary policy focused on tools such as interest rates, monetary facilities, and banks’ cash reserves.
The development of theories and the difference in models of economic studies differ with the development of research, studies and the financial market from one country to another. It is difficult to make a theory applicable to all countries and different economies, from emerging economies to more complex economies. Because of this dialectic based on trying to understand and establish the nature of the relationship between financial markets and monetary policy, which has become more evident in many countries.
Stock markets have become part of the general economic strategy of governments and central banks, especially after the introduction of the idea of cryptocurrencies and digital banks, as they directly affect consumption, investment and economic confidence.
Iraqi market
In the case of the Iraqi model and long years of economic stagnation as a rentier economy that depends primarily on oil to finance its annual budgets and the state of price speculation on the stability of the dollar exchange rate in local markets or what is known as the parallel dollar situation, we can look at the Iraqi Stock Exchange as a tool supporting monetary policy and influencing the state of the rentier economy. This is done through:
1- Encouraging local and foreign investment. The stock market can be a quick and important means of attracting local capital, especially cash in circulation, and trying to return it to banking incubators and investing it in short-term investments through price maneuvers on the shares of emerging companies listed on the Iraq Stock Exchange or long-term investments by pumping these cash blocks into the shares of profit generating companies, which are companies that regularly achieve rewarding annual financial profits. Thus, it enhances the idea of withdrawing the accumulated cash liquidity and returning it to banking incubators in a way that reduces immediate and temporary speculation on the parallel dollar in the local market.
It also creates real opportunities for foreign capital moving between emerging markets to enter, which provides them with the opportunity for quick entry, profitable investment and safe exit.
2- Diversifying the economy from excessive dependence on oil. The stock market can be used to encourage local and international investments in sectors that create greater economic diversity than usual and a state of rapid sales and price maneuvers for shares of promising companies in Iraq.
3- Absorbing liquidity: The stock market can play an important role in absorbing excess liquidity in the economy, which helps control inflation. This depends on the ability of the Iraqi market to be quick in price transactions, buying and selling through the shares of the companies listed in it, and pressuring brokerage companies to apply and activate the latest smart systems and phone applications for daily sales and contracts executed in it, as well as encouraging the publication of financial data for Iraqi companies on international platforms that encourage understanding the culture of Iraqi company shares.
One of the most important economic theories that support that financial markets can be an effective tool in monetary policy is the Wealth Effec theory, which is summarized and almost consistent with understanding the dialectic of the Iraqi economy and the stock market economy. More consistent with the Iraqi model is the Wealth Effect Theory, written by Gregory Mankiw. Its summary is that the rise in the value of financial assets among individuals gives them an incentive to withdraw money and re-inject it into purchasing new assets and stocks in order to increase wealth and gives them a feeling of wealth, which prompts them to spend on consumption and develop the national economy.
In conclusion, all these theories and studies support the idea that financial markets can be an effective and successful tool in achieving economic stability and enhancing growth, especially in emerging markets such as Iraq. If the Iraqi stock market is exploited in the right way that attracts local and international investments, it can help diversify the Iraqi economy and create new opportunities that drive economic integration in Iraq, making the Iraqi Stock Exchange a valuable tool for monetary policies.
Q & A - How will people who live in other countries outside of USA receive notice? 800 numbers don't work there?
(This answer is only for those talking the traditional route to receive notification. If you're in LWS and awaiting private contact, you can disregard this if you want to as it would not apply to you, per se.)
💢A: For RV speculators outside of the USA, please disregard the "800#" bc it will NOT APPLY to any country that doesn't use 800#s. Plain and simple - there will be no reason whatsoever for you, in Australia, Asia, Europe, Africa, etc to call a USA #. THIS IS A GLOBAL EVENT. So, you'll receive the appropriate number for you to call in your home country where you are.
To be very clear, Redemption Centers abound here in the USA. However, we're told that actual Redemption centers will be very few and far between in other countries. You will be able to complete your Redemption appointment at major banks, who are working in cohesion with your country's Treasury Department (which has your country's gold / asset reserves).
This is the number you will be given. A number to an authorized banking institution that is SAFE (partnership with the Alliance) for you to complete your exchange. You'll give your postal code (or zip code) - (any/every country) and you will be given the contact information to point you in the right (and safest) direction.
You might receive a direct email which will give you (in YOUR COUNTRY) the right 'call center' to contact. Due to the language barriers, no.... I absolutely do not expect every single RV participant to be directed to a USA Call Center (appointed by Alliance/ UST) when they live in other countries. It would be close to impossible for them to staff ppl who are multilingual - in which every single country is represented. But it makes sense if you are contacted directly, via email, with a contact in your country whom you can reach out to. If the SafeLink website is indeed a factor in this, it makes sense that you will provide proof of your identity by answering key questions - proving you ARE YOU, then given a number of an appropriate bank who can handle your exchange/redemption. The VPN on your computer/device can also be used to identify what phone number in what country to provide for you, personally.
It's equally important to note that in the USA only a Redemption Center will be able to accommodate Zim Bond Notes Redemption AND regular exotic currency exchanges. IF someone ONLY has currency and zero Zim, they may freely go to any bank which participates in foreign currency exchange to complete their transaction. This is not the case in other countries! Because there will be very few actual "Redemption Centers" - you WILL BE ABLE TO EXCHANGE & REDEEM BOTH FOREIGN CURRENCY AND ZIM at major, participating bank locations. Again, you must sit back and wait to see how you'll be notified. Email with the SafeLink website will be a perfect solution for you. But the bottom line is, you'll be given an appropriate number to call in your location, where you can be steered in the right direction.
It's not all about the USA! And the advice you are getting (from the gurus) should not be thru the vein of "all about the USA" either. It makes no sense that a RV speculator - or a humanitarian in Timbuktu would have to call a call center staffer in middle America to learn how to make a Redemption appointment. The Alliance is smarter than that!! They know who you/we humanitarians are! You will not be left out. Please hang tight and wait. We'll all offer direction as we can. I hope this helps.