Iraqi Dinar Real Rffctive Exchsnge Rate Released Finally

Al-Fath: Foreign banks in Iraq do not have cash value, 5 AUGUST

 Today, Saturday, member of the Al-Fatah Alliance, Mahmoud Al-Hayani, revealed the presence of large corruption files within the Iraqi banking business and the involvement of major figures, while confirming that foreign banks in Iraq do not have monetary value that benefits Iraq. 

Al-Hayani said in a statement to the Maalouma Agency, “Foreign and Jordanian banks in particular do not have through which they can supply the Iraqi market funds with the monetary mass, and their presence inside Iraq does more harm than good,” noting that “The Central Bank of Iraq was unable to find solutions and did not rise to the level.” "Required". 

He continued, "The reason for the entry of foreign banks into the country is due to American dictates exercised on the Central Bank in order to grant them licenses to operate in Iraq according to special privileges," pointing out that, "The Iraqi government needs support from the political forces and concerted efforts in order to distance the banking business from suspicion.” And corruption.”  

The economic expert, Mustafa Akram Hantoush, had confirmed that the measure taken by the Central Bank of Iraq was to grant business licenses to Jordanian banks and operate in the country, indicating that it was the duty of the Central Bank to strengthen Iraqi banks instead of Jordanian ones.  link

RV UPDATE BY JEFF, 5 AUGUST

 Jeff

  Iraq just competed their 5 year development plan...That's basically the reform plan...They completed the reform plan, that's a required step for their accession to the World Trade.

Jeff   

They haven't implement their budget yet because they're waiting for the rate to change.  Everything in Iraq...the budget, the laws, the overturning the budget, everything out there is being stalled and delayed to be timed with the rate change.

 Article: "Four counties meet in Baghdad to support the development road project" 

...You have to look at their timing.  They finished the 5-year development plan around the end of July walking into the beginning of August.  Why? Timing.  They're about to revalue.  Their actions strongly suggest to me personally IMO I really feel they're going to be revaluing in August.

 https://dinarevaluation.blogspot.com/2024/08/rv-update-by-jeff-2-august.html

🔥 Iraqi Dinar 🔥 Major Rate Change 🔥 Today IQD Value to Dollar RV News Gu...

Legal violations” in the work of the Central Bank prompt demands to replace its governor, Ali Al-Alaq, 5 AUGUST

  Today, Saturday, the economic expert, Abbas Al-Bassel, stressed the necessity of replacing the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, in light of the violations committed by the Central Bank against the constitution and the law.

Al-Basel told Al-Jarida, “When Al-Alaq was brought in, the work of the corrupt whales among the politicians became active, as they invested in dollars and the private sector was terminated, while the Central Bank imposed unnatural complications by launching a campaign against simple shops and kiosks in the markets of Shorja and Karrada, and preventing the sale of electrical and food supplies and even clothing in dollars, and taking pledges from shop owners to prevent dealing in dollars, and punishing them in the event of a violation, in procedures that have no legal ceiling or a judge’s decision, so the Central Bank violated the constitution and the law.”

Al-Bassel added, "The dollar is currently on the rise, at a time when there is no official announcement by the Central Bank about the volume of remittances leaving the country, so Ali Al-Alaq must be replaced with a professional, non-partisan figure."  link

RV UPDATE BY CLARE, 4 AUGUST

 Clare  

 Article: "Arab currencies top the list of the strongest in the world.. Is the Iraqi dinar among them?"  

Quote:  "Four Arab currencies top the list of the 10 most powerful currencies in the world out of 180 currencies recognized by the United Nations...1. Kuwaiti Dinar: equivalent to 3.27 dollars...2. Bahraini Dinar: 2.65 dollars...The Bahraini Dinar is pegged to the US Dollar and is used exclusively in Bahrain, which has a large expatriate community...  3. Omani Rial: 2.60 dollars.  4. Jordanian Dinar:  1.41 dollars.  5. British Pound: 1.26 dollars.  6. Gibraltar Pound: e1.26 dollars.  7. Cayman Islands Dollar: $1.20.  8. Swiss Franc: 1.14 dollars.  9. Euro: 1.08 dollars.  10. US Dollar: $1.00."

Article: "US Treasury Takes Control of Iraq's Central Bank to Combat Money Laundering"  

Quote:  "The three sources confirmed that a team of American employees is working permanently at the Central Bank of Iraq, as part of intensive efforts to ensure Iraq's commitment to international standards for combating money laundering and terrorist financing..

.One of the sources explained that the governor of the Central Bank of Iraq tried to resist these restrictions, but the American response was strict, as the Central Bank of Iraq was included among the institutions considered to support money laundering operations and failure to comply with sanctions."

IRAQI DINAR 👀💥BREAKING NEWS S.A.M & SUMMARY👀🙏🏾💥