DINAR REVALUATION

Saturday, August 17, 2024

IMPORTANT IRAQ NEWS: AMONG THEM IS THE DELAY IN DISTRIBUTING PROFITS.. AN ECONOMIC DIAGNOSIS OF THE REASONS FOR THE DECLINE IN STOCK PRICES ON THE IRAQI STOCK EXCHANGE BY MNT GOAT, 17 AUGUST

AMONG THEM IS THE DELAY IN DISTRIBUTING PROFITS.. AN ECONOMIC DIAGNOSIS OF THE REASONS FOR THE DECLINE IN STOCK PRICES ON THE IRAQI STOCK EXCHANGE

Financial markets expert, Tamara Hussein, attributed the decline in stock prices on the Iraqi Stock Exchange today, Thursday, to the lack of demand from investors.

Most of the stocks in the Iraq Stock Exchange have witnessed a decline in their value since the tension in the region, as the leading stocks continue to decline.

Hussein said, in an interview with “Al-Eqtisad News”, that “the decline in stock prices in the Iraqi Stock Exchange is due to many reasons:

1.the most important of which is the weak demand due to the lack of liquidity available in the market, as well as the increase in banks’ capital through subscriptions that were conducted in previous months, as they withdrew a lot of money from investors.”

2.She added, “The other reason is the delay in distributing the profits that were approved by some banks,” adding, “We hope that the market’s performance will improve after they are distributed.”

3.She pointed out that, “The third issue revolves around foreign investors’ sales, in addition to inaccurate news that talks about the possibility of a global crisis in the financial markets, which caused a state of panic and withdrawal from trading, which is an expected and natural situation.”

The financial markets expert expected that “leading companies will regain their usual positions in the coming months.”

LATEST FROM MNT GOAT, 17 AUGUST

Mnt Goat

Article quote: “introduction of new currency does not mean the destruction of ancient coins, but it will continue to trade to about ten years”.

How can this possibly...“lop” when they will continue trade and use these larger three zero notes in the background for 10 more years after they complete the Project...So no more negative stuff about a LOP…please!

STATUS OF THE RV

Well,,,, Well ! We are almost halfway through August already and still no RV. Did you actually expect there to be an RV last weekend….lol.. lol. .lol.. 😊 All you idiot intel gurus with your meaningless predictions for an RV over the weekend. Yes, their crystal balls must not be working…lol..lol..lol.. 😊 I could have told you there would be no RV…. Oh wait,,,, I did! 😊 Why we haven’t yet seen the RV should not be a major concern of anyone anymore. What you should be thinking about most is the exchange of the currency and how to manage your money afterwards. The RV will come and it is on its way. But not yet as there is work to be done in Iraq to get to this point.

So, today’s news stems around two issues. One is the banking and monetary reforms and the other is the Project to Delete the Zeros.

Let’s talk about the Project to Delete the Zeros first.

Yes, the Project to Delete the zeros popped it’s head up again in the news. But why is our first question. yes, why now? This time it is a serious and a very informative set of interviews with two of the leading Iraqi economists. In the interviews we get to hear what they are thinking as resolutions to the economic issues facing the dollar and dinar. They must get this parallel black market under control. I have included the actual news media coverage video of the interviews in the Articles Section below OR you can read a full transcript of the interviews in the blog also. I set the captions to English. Here is the link to the written transcript.

I cannot emphasize enough that if you want to know what is truly holding up the RV inside Iraq then please, please go and watch the video or read and study the transcript of the video. It is so informative and even I learned so much from it. Yes, I ...FOR READ MORE: https://dinarevaluation.blogspot.com/2024/08/status-of-rv-by-mnt-goat-14-august.html

🔥 Iraqi Dinar 🔥 Changes in Values On 21st 🔥 Today IQD to Dollar RV News ...

IMPORTANT IRAQ NEWS: PARLIAMENTARY FINANCE COMMITTEE DISCUSSES WITH US EMBASSY THE FINANCIAL AND BANKING SYSTEM AND THE LACK OF DOLLARS IN THE MARKET BY MNT GOAT, 17 AUGUST

PARLIAMENTARY FINANCE COMMITTEE DISCUSSES WITH US EMBASSY THE FINANCIAL AND BANKING SYSTEM AND THE LACK OF DOLLARS IN THE MARKET

The Parliamentary Finance Committee confirmed, today, Tuesday, discussing the financial and banking system and the lack of the dollar in the Iraqi market with a delegation from the US Embassy in Baghdad.

A statement by the Parliament’s media department received by / Today’s News / stated that “the head of the Parliamentary Finance Committee, Atwan Al-Atwani, received at the committee headquarters, in the presence of Representative Khalil Al-Dawski, today, Wednesday, a delegation from the US Embassy in Baghdad, Minister Counselor for Economic and Trade Affairs Julie Jules, Deputy Counselor for Economic and Trade Affairs Angel Fintling, Macroeconomic Officer, Economic and Financial Section Michael Pinnell, and Economic Assistant/Economic Section, to discuss the financial and banking system in the country, Ammar Al-Ammar.”

The statement continued, “The meeting discussed the financial and economic situation in the country and the repercussions of the parallel market issue and its negative impact on the government economically, in addition to the lack of the dollar currency in the market, and the sanctions imposed on some banks, as well as the issue of the electronic platform for exporting the currency.”

The head of the committee stressed “the importance of high coordination between the two sides in order to solve the pending financial problems, in addition to the importance of transparent dealing to benefit from the capabilities, and not resorting to dealing in another currency,” noting “the need to create an atmosphere of understanding and invest in building bilateral relations on this basis.”

Al-Atwani stressed “the committee’s keenness to commit to combating financial corruption and confronting money laundering, as they are the basis for building societies, in addition to coordination in order to make correct decisions in this regard.”

For her part, the Minister Advisor for Economic and Trade Affairs said that “there is a real opportunity for cooperation and reform of the economic and financial system between the two sides,” stressing “working together to find appropriate solutions to all problems for the stability of Iraq as a basic ally of the United States.”

The statement noted “providing clarification on the three-year general budget and plans for banking regulation and reform of the spending process, and how to finance projects, in addition to the importance of supporting the private sector and involving it with the public sector, which confirms the importance of investing the revenues achieved and the possibility of providing the service.”

According to the statement, Al-Atwani pointed out the “ambition to legislate a law on partnership between the public and private sectors and involve the private sector in the market, in addition to working to amend the tax law and shift from the paper system to the electronic system.”

Friday, August 16, 2024

IRAQ BOOTS ON THE GROUND REPORT BU FIREFLY, 17 AUGUST

Frank26

[Iraq boots-on-the-ground report]

FIREFLY: We see Saleh again on TV. This is the second time he talks to us now about the float. He's saying the float can be adventurous. We intend to have it fixed. Ours will be fixed or managed float. That is what's best at this time for Iraq and our currency. He went and talked about how...we went from 11,000 ATMs to over 55,000...in gas stations alone...

FRANK: Ever since the United States Treasury showed up last week they just cannot stop talking to you every day on the television about the success of the monetary reform...new lower notes...the new exchange rate...Now it's gone way deeper into the float.

Frank26

[Iraq boots-on-the-ground report]

FIREFLY: Television show...the topic was about dropping the zeros from our currency and the introduction of a new currency and the issues of the implementation of this new currency. They had on there a doctor of economics. We don't know him but he is being sent by Sudani...He said...we have low inflation so we can delete the zeros. They talked about how we will be obtaining purchasing power with this move.

FRANK: It's exciting to see the monetary reform education now on a daily basis teaching you on your television what you are about to be given...This is the third week in a row they talk to you about lifting the three zeros and about a new currency coming to you and now on the process of how they're going to implement that new currency to you...They continue to reaffirm purchasing power is coming to your currency...

----

FIREFLY: CBI spokesman on television talking about the advantages and the different types of floating our currency is going to go through. He said there are two types of float. Free float and managed float.

FRANK: ...You are in the monetary reform phase that is educating you on your new currency...new exchange rate...lower notes. This campaign is pounding the information about the next step of the monetary reform...Why are you floating your currency? Because they're adding value to it...Be ready at any moment.

https://dinarevaluation.blogspot.com/2024/08/latest-from-firefly-16-august.html

"THEY'RE GOING TO ADD VALUE TO THEIR CURRENCY" BY MILITIAMAN, 29 AUGUST

Militia Man

There's no inflation so there's not going to be a lop...They're going to add value to their currency. Why? Because they have valuation.

Iraq has some of the largest deposits of phosphates and sulfur...massive world class gold supply...rare Earths...liquid natural gas and they have...tourism... They all generate income... The Development Road Project...you're going to find taxes and tariffs at the borders.

There's going to be a lot of revenue, a lot...Back in Saddam Husain era [the dinar] was around $3.22. It may have been considered a little bit overpriced, should have been more about $2.80...It's at 1310 right now!

There's a big difference. Now you have to add all those things I just mentioned. The valuation of a country. That's what they have to do... Sudani wasn't lying when he said the dinar is going to be stronger than the dollar...

Back in Saddam Husain era [the dinar] was around $3.22. It may have been considered a little bit overpriced, should have been more about $2.80...It's at 1310 right now! There's a big difference. Now you have to add all those things I just mentioned. The valuation of a country. That's what they have to do... Sudani wasn't lying when he said the dinar is going to be stronger than the dollar...