DINAR REVALUATION

Wednesday, August 28, 2024

Iraqi Banks Take Charge: Financing Foreign Trade with Own Dollar Reserves!

Iraqi bank manager in Dearborn Michigan update BY WALKINSGTICK, 28 AUGUST

Walkingstick

[Iraqi bank manager in Dearborn Michigan update]

Aki talks to the CBI and he knows what's going on.

He was very surprised we have not asked him about the pictures that are being shown on [Iraqi] television of the lower notes...

[We] trust Aki very much. Every time Aki shares something...it comes out.

Walkingstick

[Aki Iraqi bank friend who runs a bank in Michigan]

Question: "Have you heard the three zeros will coexist for ten year?"

Yes, we have heard about it but we did not hear the number 10.

We heard that it would be over a long period of time.

Duel pricing in the market would be controlled easier.

Also, it would give the CBI longer time frame to collect the citizens 3 zero notes.

---

Walkingstick

[Iraqi Bank friend Aki in Michigan]

The monetary reform is very solid. Things are looking good...What happened with the CBI governor, he's not going anywhere.

The government can't fire Alaq in the same way Maliki fired the governor of the CBI Dr. Shabibi.

Maliki had no authority, he had no right to fire Dr. Shabibi.

Dr. Shabibi went and worked with the US Treasury to make sure the monetary reform plan was completed...

Walkingstick

[Iraqi Bank friend Aki in Michigan]

Question presented to Aki - Concerning the statement that was made by a representative of the WTO

[about Iraq launching a fully convertible currency in October

AKI: I didn't hear anything about October...

WALKINGSTICK: I would call it scuttlebutt because the interpreter was telling me that he says he's not sure about that...but he knows there are rumors out there about when this is going to happen.

AKI: I did hear about the WTO guy. Maybe he's talking about a new currency that would be convertible prior to October but there is no mention at the banks about October being the date. If anything I have heard it is before that.

-----

Iraq Ditches the Dollar: The Petro-Dinar Revolution!

Economist: Iraq Stock Exchange suffers from lack of liquidity, 28 AUGUST

Economic expert, Saif Al-Halfi, confirmed that the Iraqi Stock Exchange is currently suffering from a lack of liquidity, due to the weak confidence of foreign investors in the Iraqi market.

Al-Halfi told Al-Eqtisad News that the Iraqi stock market suffers from a lack of liquidity, as trading rates are still relatively low compared to other markets in the region, noting that the daily trading volume may reach 3 billion dinars per day in the best case.

He stressed that the market value of the companies listed on the market exceeds 12 trillion dinars.

Most listed companies are seeing their shares decline as a result of lower demand and the exit of a number of foreign investors from the market.

Al-Halfi pointed out that foreign investors' confidence in the Iraqi market is still low due to unstable political and economic factors, as well as the lack of legal and procedural facilities for opening accounts for foreign investors, in addition to the weakness of the infrastructure in electronic trading.

He pointed out that the lack of technology and modern financial infrastructure, including digital banking services and advanced electronic trading platforms, affects the efficiency of the market and its ability to attract investors, and that the development of the banking system will be positively and directly reflected in the development of the performance of market indicators.

Al-Halfi stressed the government's role in promoting the stock market through economic reforms, supporting small and medium enterprises, and encouraging foreign investments.

Al-Halfi concluded his speech by saying that the Iraqi stock market reflects a complex reality that can be described as a mixture of pain and sadness as a result of the great challenges it faces, with some opportunities for joy and profits if the economic and political conditions improve link

LASTEST RV UPDATE FROM FRANK26, 28 AUGUST

Frank26

The new lower notes and the new exchange rate will revolutionize the whole Middle East, let alone the whole world...The monetary reform is the linchpin. It's the trigger. It's the button that will be pushed to change financial structures around the world...We investors of the dinar have a backup for a backup in order to survive this global financial change...

Frank26

Article: "Iraq and America to resume negotiations on the banking sector next Monday"

ALAQ'S VISIT IS ON IRAQI BANKS... IRAQI BANKS ONLY CARE ABOUT A NEW EXCHANGE RATE.

Frank26

I don't care about the WTO and HCL because it only waits for one thing, the new exchange rate. The only mechanism that everyone is waiting for is the new exchange rate.

That is the simple fact. This fact is real because Sudani is constantly reinforcing that idea...by constantly coming out on TV and talking to you [Iraqi citizens] about you're going to get purchasing power.

We found out the 3 zero notes are going to coexist with the lower notes for 10 years.

Do you understand the power behind that?

That means we're going to be able to participate in not only the float but the Real Effective Exchange Rate (REER)

Frank26

The goal is what? Retrieve those [Three zero notes].

How?

As soon as we raise the value, give them purchasing power, as soon as we drop the 3 zeros, they're going to bring in all that 80 something percent [still in Iraqi mattresses]...The monetary reform plan is brilliant...It is moving at a very fast pace.

DINAR REVALUATION

ANALYSIS OF WHAT EDDIE TOLD TO FRANK26:

"Then Saleh talking about oil being sold in dinars instead of dollars."

Economist back on tv saying it’s time to drop the zeros."

---It sounds like there's a couple of interesting economic discussions happening in Iraq right now!

Saleh and Oil Sales in Dinars: Saleh's suggestion to sell oil in dinars instead of dollars could be aimed at strengthening the Iraqi dinar and reducing dependence on the US dollar. This move could potentially stabilize the local economy and improve national financial sovereignty. However, it would also require significant adjustments in international trade agreements and currency exchange systems.
Dropping Zeros from the Dinar: The economist's call to drop zeros from the dinar is a common monetary policy strategy known as "currency redenomination." This involves introducing a new unit of currency that is worth a thousand or more times the old unit. It's often done to simplify transactions and improve the currency’s image after periods of high inflation or economic instability. For Iraq, this could be a step towards stabilizing the currency and restoring confidence in its value.

Both of these measures reflect efforts to address economic challenges and enhance the stability of Iraq's financial system. The success of these strategies will depend on how they are implemented and their impact on the broader economy.

SEEMS THAT WE ARE REALLY CLOSE TO OUR DESIRED RV!!!

https://dinarevaluation.blogspot.com/2024/08/dinar-revaluation-update-seems-that-we.html

IRAQI DINAR EBS QUANTUM NESARA & MORE...MUST WATCH #iraqidinar #dinar #q...

Revealing the main currency used in Iran's trade with Iraq, 28 AUGUST

Shaaban Forotan, a member of the board of directors of the Iranian-Iraqi Joint Chamber of Commerce, revealed today, Tuesday, that the largest part of trade between Iraq and Iran, in terms of traders and exporters, is carried out through the Iranian riyal.

"Most Iranian exporters now work in riyals in trade with Iraq, and financial transactions between the two countries will continue without using the Iranian riyal, i.e. also in dollars. This does not mean the complete elimination of the dollar, but a large portion of traders conduct their transactions without the dollar," Forotan said in statements to Iranian media.

He explained that "the commitment to trade in dollars does not include all product groups, but the exchange of riyals into dollars cannot be implemented due to the sanctions imposed on banks, and riyal traders earn from selling goods in the Iraqi market through their contacts with the stock exchanges of Iraq and Iran or a third country such as the United Arab Emirates, and they do not have the possibility of direct settlement."

He pointed out that "the supply of Iranian goods faced a problem in the Iraqi market, which is the multiple increase in the prices of goods in Iran during the year, while it is expected that prices will increase only once a year link