IMPORTANT IRAQ NEWS: BLACK MONEY” FUELS INVESTMENT STOCK EXCHANGE.. COUNTRIES THAT PROSPERED WITH LOOTED IRAQI MONEY BY MNT GOAT, 29 JULY

BLACK MONEY” FUELS INVESTMENT STOCK EXCHANGE.. COUNTRIES THAT PROSPERED WITH LOOTED IRAQI MONEY

Former MP Manar Abdul Muttalib, on Thursday (July 25, 2024), identified the features of black money in the Iraqi investment stock exchange, indicating that this money stolen from the Iraqi treasury has revived the economies of several countries .

Abdul Mutalib said in an interview with Baghdad Today, “There is no accurate figure for the amount of money looted in Iraq after 2003, but all indications indicate that it is hundreds of billions of dollars, some of which was smuggled abroad and some of which was turned into support for building economic wings for parties, forces and companies .”

She added, “The investment environment in Iraq is going against the trend in the world in that anyone with $100,000 can invest in a project worth $100 million. This is a paradox, especially since the state provides the land for free and it builds with customers’ money, especially in housing projects that represent a fertile environment for attracting money .”

Abdul Muttalib pointed out that black money (referring to corrupt and looted money) “exists in all sectors, including investments, but the possibility of uncovering it is difficult and complicated because there is no money in the names of politicians. However, seeing the level of prosperity and extravagance and comparing it with their situation years ago gives an indication of the extent of corruption .”

She explained that “corrupt funds were smuggled to neighboring countries and were thrown into large investment projects that revived the economies of several capitals, to the extent that those countries do not actually cooperate with Baghdad in order to clarify the fate of Iraq’s funds because they benefit in different ways,” indicating that “searching for Iraq’s previous funds is difficult, but the most important thing is to reconsider the investment file and make it within a scope that serves the country’s economy and to approve serious steps to combat corruption in order to preserve what remains of the country’s wealth .”

RV UPDATE BY BREITLING, 29 JULY

  Breitling 

 Hamas moving into Iraq, that's still in play.  That is a big issue.  We're not going to support Iraq in any way shape or form if Hamas shows up.  That's a game changer...This [The Iraqi dinar] is an opportunity until  the day it's not...With the Hamas thing right now it's not off the table.  I don't see a threat yet.  But I'm telling you that could be a big deal...If Hamas gets into Iraq, Iraq is in trouble.  Its oil is in trouble...Hamas being in Iraq is a game changer.   That's going to shift the markets.  All we can do is hope and pray and watch.   

9/JUNE

 Breitling

  I have an average at where I think it's going to revalue at, $0.51 or $0.52 cents.   I could be wrong.  It's not like Abraham Lincoln said that or something.  It was an average.  That's why I got into the dinar. That's where I seen the value.

---

 The threat of a lop is still the same as when I got into this investment...The lop question is based on hyper-inflation  ...verses policy inflation.  The Iraqi dinar is stable.  It goes up, it goes down but it's not major like what Zimbabwe and these countries where it was massive inflation.  No body could control it.  Iraq has complete control of the Iraqi dinar ...

The Iraqi dinar is a completely different ballgame.  It's not hyper-inflated because of the markets.  Iraq doesn't have a customer problem...production problem.  Iraq has a policy issue.  The people at the top know what they are doing.

When I did the evaluation [of the dinar] it was against countries and currencies that had lopped.  I had the same questions as you guys when I invested.  Where is this going?  How can this work? 

 I found out the value was in a policy based inflation, they want to add value to it, they injected US dollars into the economy, devalued the dinar.  Thedinar you and I have has nothing to do with hyper-inflation, major market problems or anything like that...Yes, they can add value to currencies that have a lot of zeros behind it.  Iraqi dinar is stable.  They can and are going to add value to it.

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-breitling-1-may.html

🔥 Iraqi Dinar 🔥 Full Revaluing 🔥 Today IQD Value to Dollar RV News Guru ...

IMPORTANT IRAQ NEWS:SALEH: THE CENTRAL BANK’S DOLLAR RESERVES ARE SOLID AND THE GDP RATE IS VERY OPTIMISTIC BY MNT GOAT, 29 JULY

SALEH: THE CENTRAL BANK’S DOLLAR RESERVES ARE SOLID AND THE GDP RATE IS VERY OPTIMISTIC

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed the cohesion of foreign reserves, especially the dollar, at the Central Bank of Iraq.

Saleh told Al Furat News Agency, “Covering urgent expenses in dollars, as they represent the desired demand for foreign currency, in addition to the level of sufficiency of incoming foreign currency flows and the level of maintaining the country’s reserves of the total foreign currency held by the Central Bank, is subject to two main factors.”

He explained that the first factor is “the nature of the oil asset cycle, which is still at its highest levels of global price increases due to the strength of global demand for energy, and that economic expectations indicate that potential price fluctuations towards a decline are still out of reach and are largely linked to the end of military operations in Ukraine, and the return of the flow of Russian gas and oil, especially to European markets, as the Russian Federation is the second largest oil-producing country in the world and leads the production and export of gas to major consumer markets in the European continent directly.” 

The other factor, according to Saleh, “is related to the surplus in the current account of the Iraqi balance of payments, as estimates issued by international financial institutions indicate that this percentage of the surplus in the current account of the Iraqi balance of payments to the country’s gross domestic product is no less than {positive 6%}, which is a very optimistic positive percentage.”

He explained that “both factors indicate the cohesion of the country’s foreign reserves, which are generated by high oil export revenues to date, versus control over outward cash flows of foreign currency to meet local demand for imported goods, services and foreign benefits, as the current account of the balance of payments indicates that it is in a positive and stable position and is consistent with the general budget’s spending tendencies during the current fiscal year 2024.”

RV UPDATE BY MILITIAMAN, 29 JULY

 Militia Man 

 Article:  "The US Federal Reserve adopts a new strategy towards Iraq"  Quote:  "The US Federal Reserve will not be able to wait forever

...There are federal measures that may occur at any moment."  I think that's pretty heavy you guys...This is where push comes to shove...There's clearly pressure happening now with the CBI and the US Treasury...They can't wait forever, the federal measures that may occur at any moment is a shot across the bow to be ready.

 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.

🔥 Iraqi Dinar 🔥 25 Note Worth $75 🔥 Today IQD Value to Dollar RV News Gu...

Iraq stores gold and expects it to rise over the next two months, 28 JULY

  The economist, Abdul Rahman Al-Sheikhli, expected Iraq’s gold reserves to rise over the next two months.

Al-Mashhadani said: “The acquisition of gold is considered one of the investment portfolio sought by countries and that Iraq has long begun to store gold and increase its reserves, especially with expectations of its rise during the next two months, and this means that the rise in gold prices is continuing and is part of the investments of countries.”

He explained, “Keeping dollar reserves or investing in treasury bonds does not achieve profits commensurate with the size of profits achieved from the increase in gold prices, although Iraq increased its reserves by one and a half tons of gold.”
Al-Mashhadani pointed out that “these are not in large numbers that enhance the confidence of the citizen and the diversity of investments, and this is the policy of a group of countries and banks, not only Iraq.”
The International Monetary Fund data showed an increase in gold reserves in Iraq and Qatar.
The data indicated that Iraq increased its gold holdings by 2.644 tons to 148.305 tonnes in May 2024.
Qatar raised its gold stock of 3.112 tonnes to 106.423 tonnes in June 2024, the data showed, according to Reuters.

Raghid
 

https://alforatnews.iq/news/العراق-يخزن-الذهب-وتوقعات-بارتفاعه-خلال-الشهرين-المقبلين