Monday, July 29, 2024
IMPORTANT IRAQ NEWS: RAFIDAIN BANK STARTS SELLING DOLLARS TO TRAVELERS THROUGH THE ELECTRONIC RESERVATION FORM BY MNT GOAT, 29 JULY
RAFIDAIN BANK STARTS SELLING DOLLARS TO TRAVELERS THROUGH THE ELECTRONIC RESERVATION FORM
A government source revealed, on Tuesday, the mechanism for selling dollars to travelers wishing to travel outside the country.
The source said in an interview with Al-Maalouma Agency, “Rafidain Bank has started selling dollars to travelers by filling out an electronic reservation form and reserving it 72 hours before the travel date.”
He added, “The opening of the form according to the new instructions begins at 8 am and ends at 1 pm, when the process of depositing the dollar amount for the traveler will take place in the bank’s branches and receiving it through the bank’s office at Baghdad International Airport.”
He pointed out that “the mechanism will be adopted to provide hard currency to travelers according to the official exchange rate set by the Central Bank of Iraq.”
It is noteworthy that in the past few days, travelers have had difficulty obtaining dollars due to the procedures at the airport and the changes that accompanied them.
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Sunday, July 28, 2024
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.
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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