Arab currencies top the list of the strongest in the world.. Is the Iraqi dinar among them?, 3 AUGUST

 8/2/2024

Four Arab currencies top the list of the 10 most powerful currencies in the world out of 180 currencies recognized by the United Nations. The US dollar comes in tenth place globally. The following is a list of the most powerful currencies in the world:

1. Kuwaiti Dinar: equivalent to 3.27 dollars  

   The Kuwaiti Dinar is the most valuable currency in the world. Since its introduction in 1960, the Kuwaiti Dinar has continued to top the list of the most valuable currencies thanks to Kuwait's economic stability and oil reserves.

2. Bahraini Dinar: equivalent to 2.65 dollars  

   The Bahraini Dinar is the second strongest currency in the world. The Bahraini Dinar is pegged to the US Dollar and is used exclusively in Bahrain, which has a large expatriate community, including a large number of Indians.

3. Omani Rial: equivalent to 2.60 dollars  

   The Omani Riyal is the third most valuable currency in the world. It was introduced after Oman stopped using the Indian Rupee. The economy of the Sultanate of Oman is heavily dependent on the oil sector.

4. Jordanian Dinar: equivalent to 1.41 dollars  

   The Jordanian dinar has been the official currency of Jordan since it replaced the Palestinian pound in 1950, with fixed exchange rates and a diversified economy.

5. British Pound: equivalent to 1.26 dollars  

   The pound sterling is used in Great Britain and has an important place in global finance, thanks to London's status as a financial centre and intense commercial activity.

 6. Gibraltar Pound: equivalent to 1.26 dollars

 7. Cayman Islands Dollar: equivalent to $1.20 

8. Swiss Franc: equivalent to 1.14 dollars

9. Euro: equivalent to 1.08 dollars

10. US Dollar: Equivalent to $1.00

These currencies continue to play a major role in the global economy, as their strength reflects the economic and financial stability of the countries that issue them.   LINK

RV UPDATE BY BREITLING, 3 AUGUST

  Breitling 

 Brutally honest, I give you my honest opinion.  Here's where I'm at personally right now.  I'm not getting out.  I'm neutral.  This doesn't look good [Some Iraqi support for Hezbollah HQ in Baghdad].

  Actually makes me sick to my stomach.  I don't feel good about it at all because I'm looking at the Middle East.  I'm looking at the influence and proxy wars coming from Iran...Here's the reality...

they [Iraqis] were trying to upgrade their financial system and make sure they were compliant and be on the world stage with the currency again. They've always been on it but this is a different ball game.  Here's the thing, they are following law...to be able to trade again...but the road they're going down now, they're going to be sanctioned...That's not good...It's bad for us if they go down that road. 

Breitling

  You need to put your big boy pants on... Article: "US Federal Reserve adopt a new strategy towards Iraq.  The dollar is threatened with rising to unprecedented levels."  They're talking about the policies that are coming up will threaten the dinar.  There's a couple reasons for it...The idea that Hezbollah wants to put its headquarters in Baghdad, it doesn't matter if they do it or they don't, the idea that people in Iraq support that...It's too pro-Iranian.  It's too pro anti-American markets.  So they're going to be punished for it.

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 News : Iraq Is Holding Back The Dinar Reinstatement- Dinar N...

The House of Representatives publishes the agenda of its sessions for next Saturday and Sunday , 3 AUGUST

 8/2/2024 Baghdad – 

The Iraqi News Agency (INA) publishes the agenda of the sessions of the House of Representatives next Saturday and Sunday, according to what was announced by the media department of the Council.

TRANSLATION:

Republic of Iraq House of Representatives

The fifth electoral session, the third legislative year, the second legislative term

In the name of God, the most gracious, the most merciful

Republic of Iraq House of Representatives

Agenda for session No. (4), Saturday, August 3, 2024

Reading verses from the Holy Quran

Public Affairs Department No. (27) of 2016. (Committee First:

 First reading of the draft law on the Second Amendment to the Legal Amnesty Law, Security and Defense Committee, Human Rights Committee), (2) Articles.)  the light

Second: First reading of the draft arbitration law. Legal Committee, Finance Committee (47 articles).

Third: Report and discuss the second reading of the draft law on compensation for the properties of those affected by the former regime.

Committee of Martyrs, Victims and Political Prisoners).

The session begins at one o'clock in the afternoon

House of Representatives   LINK

RV UPDATE BY FRANK26, 3 AUGUST

 Frank26   

Article:   "Alia Nassif: The Central Bank's policy is pushing Iraqi banks towards execution!" 

 What would the central bank's policy be?  The monetary reform...The Central Bank of Iraq is telling the Iraqi citizens that we are in favor of removing certain banks from our country.  Why?   Because they don't want to go along with a monetary reform because they keep delaying the process of Sudani bringing out the new exchange rate and lower notes.

 Sudani is in control of his reforms.  Yeah, you still got a lot of troublemakers.  When you've been able to steal all your life and you depend on it and then all of a sudden it stops, you go into shock...Your sugar money stopped...Panic is what causes the bad people in Iraq to continually try to steal this monetary reform because the monetary reform will bring a new exchange rate, purchasing power and the lower notes.  But if you do that then there's no way to steal the money anymore.  It's a good thing for the Iraqi citizens...

Iraq's Bold Move Banking Sector Reforms 2024 08 03

Iraq Stock Exchange trades more than 60 billion dinars in shares during July, 2 AUGUST

 8/1/2024

The Iraq Stock Exchange announced on Thursday that it will hold 21 trading sessions in July 2024, at a rate of five sessions per week. The sessions were not held on the first and tenth of Muharram, which fell during the month. 

According to the trading indicators for the month of July, the number of traded shares reached (61,327,427,127) shares, an increase of (80%) over the month of June, with a financial value of (60,199,416,955) dinars, an increase of (76%) over the month of June.

According to the index, the number of executed contracts reached (11,309) contracts, an increase of (26%) over the month of June.

The ISX60 index closed at 896.25 points in the last session of July 2024, up 1.6% from its June closing of 882.03 points.

The ISX15 free float index closed at (1008.30) points in the last session of July 2024, achieving an increase of (0.2%) from its closing in June (1005.49) last.   LINK