Exchange Markets Under Pressure: Dollar Continues To Rise In Baghdad And Erbil, 3 august

 August 1, 2024  Baghdad - Al-Zaman  The US dollar exchange rate witnessed a significant increase on Thursday morning in the markets of Baghdad and Erbil, the capital of the Kurdistan Region. This increase comes after a period of relative stability in exchange rates, which raises concerns among traders and consumers in Iraq.

At the opening of the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, the dollar recorded a price of 149,250 Iraqi dinars per 100 dollars, compared to 149,100 dinars recorded yesterday, Wednesday. This slight increase may not seem significant, but it reflects an upward trend that may affect the financial stability in the country.

In the details of local prices, our correspondent reported that the selling prices in exchange shops in Baghdad also witnessed an increase, as the selling price reached 150,250 dinars for every 100 dollars, while the purchase price reached 148,250 dinars.

In contrast, in Erbil, the dollar prices also increased, as exchange shops recorded a selling price of 149,500 dinars and a purchase price of 149,400 dinars for every 100 dollars.

The rise in the dollar price is the result of several economic factors, including fluctuations in global financial markets, the impact of regional fluctuations on the Iraqi economy, or changes in monetary policy. Given the economic situation in Iraq, there may be a reciprocal effect between fiscal policy and geopolitical events.

The monetary policies of the Central Bank of Iraq contribute to this rise, especially if there is a reduction in cash reserves or changes in interest rates. In addition, local inflation can lead to increased demand for the dollar as a safe haven, which contributes to higher prices.

Political tensions and internal economic crises lead to market instability. Political unrest may affect investor confidence and increase exchange rate volatility.  LINK

SUMMARY OF RV UPDATES OF HERNAN BRAVO, 3 AUGUST

 Brazilian operations that are LTN and TDA generated by the group of G20 (military) + G10 (Miguel)

 These are in the ranking of the 4 countries that will start the nationals

Marcio precaorio = Dubai 2

 Then there is the operation headed by Marcio (American precatório)

 G20+G13 = Dubai 01

 When both lineups activate the first payouts, these groups

 This act will unlock Level 3...FOR READ MORE: https://dinarevaluation.blogspot.com/2024/04/lets-hope-it-unlocks-this-week-by.html

Monday 04 March 2024

Frank26 : Says

To be clear, IQD operates on the private Forex side, the institutional side trades in the futures..

Interbanker.

The trading chart has been steadily rising and closed on Friday at $2.70..

This may or may not be a precursor to what we see on the PUBLIC side; a higher rate is expected, as Dr. Shabibi asserted.

We don't know, but the question is, before we can go to the bank as investors, the IQD must quote on the PUBLIC side of Forex. 

That's the rate/number the CBI will publish on their website when IQD is negotiable everywhere.

The time for that to happen is already here, it's on our doorstep.

Greetings

Hernán Robert Hbravo

https://dinarevaluation.blogspot.com/2024/03/time-for-rv-its-on-our-doorstep-by.html

Iraqi Dinar | Breitling Fearful of Iraq's Next Move | Iraqi Dinar News T...

WHO SETS THE RATES? Common questions about CURRENCY EXCHANGE RATES, 3 AUGUST

 WHO SETS THE RATES? Common questions about CURRENCY EXCHANGE RATES

"Who's in charge of setting currency exchange rates? If you've ever sent money overseas or checked the rates, this is a question that may have definitely crossed your mind. Who decides what is the value of money, and why do rates fluctuate that much during the day?"

"Every country in the world has its own currency, and each of these currencies is valued differently. When you exchange one currency for another, you're actually buying money, just in a different currency than the one used in your country."

"The exchange rate tells you how much the currency used in your country is worth in foreign currency. The rates CONSTANTLY CHANGE for some countries, whereas others use FIXED exchange rates.

 As a rule of thumb, a country's social and economic outlook is the main factor that influences the currency exchange rate."

"Most countries have variable currency exchange rates, which are determined by the foreign exchange market. Because these rates are flexible, they fluctuate every minute, often influenced by market movements, political events, economic forecasts, and more."

"Countries such as the U.S., the United Kingdom, Canada, Japan, and Mexico all use flexible exchange rates. It's important to note that even though government policies can influence currency exchange rates, the government can't actually regulate them. The rates are always determined by Forex traders on the foreign exchange market."

"Several countries use FIXED CURRENCY RATES, and that is because the government dictates when the rates change. This is the case for the Saudi Arabian RIYAL, for example. The fixed rates are pegged to the U.S. dollar, and the central bank in the countries that use this system holds U.S. dollars to keep the rate fixed. "

"The market forces of supply and demand are the main factors that determine currency exchange rates. The level of demand for a currency determines its value in relationship with other currencies. "

@ Newshounds News™

Read more:  Xe

IRAQ BOOTS ON THE GROUND REPORT BY FIREFLY, 3 AUGUST

 [Iraq boots-on-the-ground report]  

 FIREFLY: August is looking good...a lot is coming to a point in August.  Iraq is opening up 4 military manufacturing plants...to produce military equipment and weapons.   Isn't that saying the sanctions will be off?  

FRANK:  Your country has no sanctions.... whatsoever of any kind. 

 FIREFLY:TV saying CBI banks are offering a 10% gain on any investment opportunities. 

 FRANK:  Shoot, I might even come there!  They're going to give you 10% on your money if you open the bank account?  ...Are you kidding me?  You talk about incentives...

--

FIREFLY: My bank guy did say dropping the zeros does not change the value.

   FRANK:  He's right.  Because it's going to be 1 to 1 with the American dollar.  It doesn't affect it inside.  It will effect it outside.  No it will not change it.  When it floats it will change it. 

 FIREFLY: Poor countries with terrible inflation, they drop [zeros] in order to lop.  We are not like that.  We drop to add value.  It's all inflation based.

    FRANK: Yes..FOR READ MORE: https://dinarevaluation.blogspot.com/2024/07/tv-saying-cbi-banks-are-offering-10.html

---

 [Iraq boots-on-the-ground report]   

FIREFLY: My bank guy did say dropping the zeros does not change the value.

  FRANK:  He's right.  Because it's going to be 1 to 1 with the American dollar.  It doesn't affect it inside.  It will effect it outside.  No it will not change it.  When it floats it will change it. 

 FIREFLY: Poor countries with terrible inflation, they drop [zeros] in order to lop.  We are not like that.  We drop to add value.  It's all inflation based.

    FRANK: Yes, you drop to add value inside of your country...They wanted to be at least 1 to 1 with the American dollar in order to add this value to your currency.  That's why he means that dropping the zeros won't add value to your currency...Then your currency will float on the International market and the value of your currency goes up outside your country as well.  Inside, it will go from 1320 to at least 1 American dollar in order to add value which is purchasing power...If it was a lop they would be adding zeros. 

https://dinarevaluation.blogspot.com/2024/07/iraq-boots-on-ground-report-by-firefly_0236214999.html

Iraqi Dinar🎉 Green Light Has Been Sent Iraqi Dinar RV Today 2024🔥iraqi d...

US REJECTS VIETNAM'S Request to Lift ‘Non-Market Economy’ Tag, 3 August

 THE QUESTION REMAINS HOW WILL THIS NEWS AFFECT THE VALUE OF THE VIETNAMESE DONG

" The Biden administration rejected Vietnam’s request to be classified officially as a “market economy,” a setback for the country’s efforts to boost exports to its most important market."

"The trade-dependent Southeast Asian economy has pressed the administration to revise the status since the upgrade in diplomatic ties during a visit by President Joe Biden to Vietnam in September last year."

"The “non-market” economy label mainly works against Vietnam when the US applies anti-dumping complaints. A change would have been a signal of closer ties at a time when the US is seeking to bolster relationships in the region as a counterweight to China. "

"Vietnam, which has signed numerous free trade agreements, is making greater access to the US market a priority. Its total trade — exports and imports — is equivalent to about twice the size of its economy."

@ Newshounds News™

Read more:  MSN