DINAR REVALUATION

Sunday, July 28, 2024

Iraqi Dinar | Frank26 Dinar Zero Lift Details | Iraqi Dinar News Today 2024

The Iraqi Embassy opens up prospects for cooperation with Egyptian businessmen and investors to work in Iraq, 28 JULY

The Iraqi embassy in the Egyptian capital, Cairo, discussed, today, Friday, with investors and businessmen of major Egyptian companies, opening up prospects for joint cooperation.

The Iraqi Ambassador to Cairo, Qahtaan Al-Janabi, told the Iraqi News Agency: "The meeting addressed many files, the most important of which is the fruitful cooperation between the two countries in all fields," noting that "the presence of major Egyptian companies specialized in energy, pharmaceutical industries, and transportation is important to transfer Egyptian experiences to the Iraqi market."

He added that "the investors' problems were listened to and how to work on solving their problems and working to overcome the obstacles that hinder their work and travel and providing all facilities with the aim of transferring their expertise to Iraq, especially since the number of companies is increasing day by day," indicating that Prime Minister Mohammed Shia al-Sudani, during his meeting with senior businessmen, praised their role in building the Iraqi infrastructure by implementing many projects such as bridges and others.

He pointed out that "Egyptian companies are very willing to open up prospects for joint cooperation and investment in Iraq, with the aim of achieving stability and economic growth and transferring Egyptian experiences and expertise to the Iraqi market and achieving sustainable development and providing job opportunities and diversifying sources of income in the country and advancing the economic and social future of Iraq."

In turn, the investors expressed "their happiness in increasing the volume of trade and economic exchange in Iraq, especially after the stability of the security situation, which has become attractive for the presence of Egyptian companies in Iraq, and transferring Egyptian experiences in development projects in many fields such as energy, housing, roads, agriculture and medicine, with the aim of transferring the Egyptian experience to the Iraqi market."

Former Minister of Transport Hani Dahi, Chairman of the Board of Directors of the Nile Valley Company, explained to the Iraqi News Agency (INA) that "the security climate in Iraq is very encouraging for the presence of Egyptian companies in large numbers, especially since Iraq has become a safe and attractive environment for investment in all agricultural and industrial sectors. It is very important to transfer the Egyptian experience in all Iraqi governorates at the level of bridges, roads and electricity, especially since Egypt has great experiences in construction and reconstruction in light of a series of projects that it has implemented over the past ten years." link

"RV UPDATE" BY SKYWALKER, 28 JULY

SkyWalker

Remember in 2003 when the old Swiss dinars were being exchanged for the new and current Iraqi dinar. The U.S. Army transported and distributed the currency throughout Iraq. The outgoing Swiss currency did not have three zeros.

The new Iraqi dinar had three extra zeros because it lost value. Because Iraq was post invasion and the nation had no industries or other methods to sustain its economies. That is why the dollar was brought into Iraq by the U.S. government as a means to keep the Iraqi economy alive.

Now, the situation has changed and through monetary policies the nation can justify restoring the value of the Iraqi dinar. Inflationary zeros were added to the notes back in 2003 by the U.S. government that paid for the printing of the Iraqi dinar. Now, the inflationary zeros will be removed because the government has met the requirements of the CBI.

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SkyWalker

Currency value and an exchange rate are two totally different things and are determined differently. Changing the exchange rate does not make value. Value is made by the monetary policies that CBI and Iraqi government have put in place...

Now, the inflationary zeros will be removed because the government has met the requirements of the CBI and made an economic environment that will support both the value of the dinar and keep the economy humming along. Value through policies must be restored first which will be represented with new notes being lower denominations...

Meaning the three zero notes will be physically removed from circulation and the lower notes without the extra zeros will be issued. Then and only then the exchange rate reflects an increase in the relative price of the Iraqi dinar compared to the price of another currency.

https://dinarevaluation.blogspot.com/2024/07/rv-update-by-skywalker-23-july.html

Vietnamese Dong✅VND NEW EXCHANGE RATE TODAY 2024 / VND Update \ Iraqi Di...

Al-Sudani pressures factions to calm escalation against Americans, seeks Tehran's support, 28 JULY

Al-Sudani pressures factions to calm escalation against Americans, seeks Tehran's support

Iraqi Prime Minister Mohammed Shia al-Sudani seeks to exert pressure on the armed factions loyal to Iran to stop their escalation against American interests and targets in Iraq, according to informed sources.

The sources told Shafaq News Agency, "Al-Sudani has been working for days to pressure the armed factions to stop the escalation operations against the Americans after the bombing of Ain al-Assad base, for fear of American reactions that may escalate the security situation and confuse it inside Iraq."

The sources added, "Al-Sudani communicated with Iranian figures in order for Tehran to pressure those factions to stop escalating their operations against the Americans and give him a new opportunity to end the American presence in Iraq through dialogue and negotiation, but so far the factions reject the pressures of Al-Sudani and those close to him."

On Friday, a spokesman for the US Department of Defense confirmed that an attack had occurred on the area near the Ain al-Asad air base in Iraq, without resulting in any injuries among US military personnel.

A security source reported, on Thursday evening, that the base was targeted by at least two missiles. link

RV HIGHLIGHTS, 28 JULY

RV HIGHLIGHTS

Rapid Iraq Rate Update today 📌

Market IQD rate-

149,300 to $100 USD

Gold Price - 2385

Silver - 28.07

Brent oil - 81

Bitcoin- ⬆️ 68,685

The US Federal reserve adopts a new strategy towards Iraq . The dollar is threatened with rising to unprecedented levels.

The CBI is under extreme pressure currently .

STAY RAPID 🔥

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BOOM!!!

Ziad Al Hashimi: US Federal Reserve to permanently close 5 Iraqi banks

There is a preliminary agreement between the US Federal Reserve and the Central Bank of Iraq to merge smaller banks and create a larger banking entity

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RV HIGHLIGHTS

IQD/ Iraq dinar news

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: