Iraq's Central Bank Ends Electronic Platform for Foreign Transfers

DINAR REVALUATION REPORT: Impact of Electronic Payments on Currency Revaluation, 15 SEPT

 Impact of Electronic Payments on Currency Revaluation

Enhancing Financial Transactions. 1

In the context of the potential revaluation of the Iraqi dinar in 2024, the role of electronic payments becomes a significant factor to consider. The revaluation of a currency involves adjustments to its official value, often in response to economic conditions and policy decisions. For the Iraqi dinar, discussions around revaluation have been tied to the country's economic reforms and its efforts to stabilize and strengthen its economy. 

Electronic payments can facilitate smoother and more efficient financial transactions, which is crucial during a currency revaluation. They allow for real-time processing and settlement, reducing the risks associated with cash transactions and enhancing the overall liquidity of the currency. 1

Facilitating Central Bank Policies. 1

The Central Bank of Iraq can leverage electronic payments to implement monetary policies more effectively. This includes adjusting interest rates and managing the supply of money in circulation, which are essential during a revaluation. 1

Supporting Economic Reforms.  1

Electronic payments can support wider economic reforms by promoting transparency and reducing corruption. They can also improve access to financial services, which is particularly important in a country like Iraq, where economic recovery and stability are priorities. 1

Electronic Payments and the Iraqi Economy

Infrastructure Investments. 2

Iraq has been making significant investments in its infrastructure, including projects funded by international entities and governments. Electronic payments can streamline the disbursement and management of funds for these projects, contributing to the country's economic development. 2

Foreign Investment. 2

The revaluation of the Iraqi dinar could attract foreign investment, and electronic payment systems are essential for managing such investments. They enable quicker and more secure transactions, which can boost investor confidence in the Iraqi economy. 2

Challenges and Considerations

Cybersecurity. 1

The increased use of electronic payments necessitates robust cybersecurity measures to protect against fraud and cyber attacks. This is particularly important during a revaluation, when the financial system may be more vulnerable. 1

Access and Inclusion. 1

While electronic payments offer numerous benefits, ensuring that all segments of the population have access to these services is crucial. This includes addressing the digital divide and providing financial literacy training to promote inclusive economic participation. 1

Regulatory Framework. 1

A solid regulatory framework is necessary to oversee the implementation and use of electronic payment systems. This includes setting standards for transactions, consumer protection, and dispute resolution mechanisms. 1

Conclusion

The revaluation of the Iraqi dinar in 2024 could benefit significantly from the adoption and expansion of electronic payment systems. These systems can support economic reforms, enhance financial transactions, and attract foreign investment, all of which are critical for Iraq's economic recovery and stability. However, challenges such as cybersecurity, access, and regulatory frameworks must be addressed to ensure the successful integration of electronic payments. 1

Is the electronic payment necessary in Iraq for the RV ? BY MNT GOAT, 15 SEPT

 Is the electronic payment necessary in Iraq for the RV ?

NO, it is note but it will help to prevent the money laundering. Remember that Dr Shabibi was all set to reinstate way back in 2012-2013 and electronic banking was just at its infantile stages in Iraq. Much work needed to be done. So, I don’t forget the past. It is good that they are digitizing these monetary transactions but at the same time we must ask – when is enough? How far before they pull the trigger and make their next step? How could they have done the RV way back in 2012-2013 and now give us this horse shit about the need to grow their economy more first. You see it is not a change in policy in Iraq but a change in policy in Washington DC for Iraq then reflected in their policies but not out of choice. It is out of necessity as the US controls the dollar and this is always their excuse for restraining Iraq.

Please pay particular attention to the US politics these next couple months. It is all interconnected with Iraq and how Iraq will progress in the near future. 

What can we as investors do right now?

• Pray and pray that nothing will mess this up….
• Be very patient….
• Do not sell your dinar….  
• No more intel guru talk….
• No more NESARA / GESARA crazy talk….
• Stop listening to all these idiots as they are only confusing you more and more (especially TNT and “The Big Call” idiots.)
• Don’t over speculate and set unjustified expectations….

I know the path to this reinstatement, and I don’t have to speculate or guess. If you are faithful follower of my blog, you then too can clearly see I have NEVER misled you on the information. How can I say this? It is because I show you evidence and FACTUAL information not some make-believe fairytale bank stories, memos or lies that four letter agencies are talking to me, because they aren’t, and I don’t care what the hell they are saying anyway. 

Let me tell you something. Remember when this guy TNT Tony was telling you he had contacts sitting in meetings with the US Treasury and then as a result of these meetings they would call him and tell him they were planning to RV on a certain targeted timeframe? Oh yes, he did this for almost 10 years. So, if this is all true, they why has the RV not yet happened? Oh… but something always held it up. Of course it did and we know what it is, don’t we. Its called corruption and money laundering. 

I will tell you why it didn’t RV for Tony, it is because it was all made-up bullshit and he does not have any real contact(s) in any US Treasury meetings. Get it? If he did and what he said in the past was true, they why in hell in the US Treasury now in Iraq working on the banking reforms? Why did they decide to move in and occupy an entire floor in the Central Bank of a sovereign nation, if they already decided Iraq was clean of corruption and okay to RV over these last 10 years? Why then has the RV not happened according to TNT Tony idiot? Why did Iraq even allow them to enter the Central Bank building and occupy it if Iraq too did not want the corruption to end and to get their currency back online.? Do you see my point here? Yes, there is still work to be done and the RV is not all done. Get it? If you only used your head and common sense you can see through many of these so-called, self-proclaimed idiot intel gurus and their lies. 

These rumors are like an illness that has spread throughout our dinar investment community. It is easy to lie and make up stories but much, much harder to spend the time translating articles and applying them to what is really going on. Yes, we must stay grounded as this RV is coming to a closure and there is not much longer to wait.   

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

DINARLAND HIGHLIGHTS!!

IRAQ NEWS & RV PROCESS ANALISIS BY MNT GOAT, 15 SEPT

 MNT GOAT

As usual I try to pick out key concerns or news articles to stand out the most. I then try to explain and comment on them in this section. Today I encourage everyone to go read the article titled “ECONOMIC RENAISSANCE AND UNPRECEDENTED PROGRESS.. IRAQ MAXIMIZES ITS NON-OIL REVENUES AND REDUCES ITS DEBTS”. They are telling us the national debt is only 9% of their reserves now at $108 billion and GDP growth isvery good.

I like it when they use words like “unprecedented” and “maximizes”. This tells me our choo choo train is moving down the tracks at an accelerated pace now. Remember that the way a growing economy works is through the low of exponentiality. It other words what you do today will only help yet further growth in the further. If Iraq keeps making good sound policies we will shortly see yet even enormous growth as we all know the potential. But where will this lead to with the dinar?

If I have told you once and I have told you a thousand times already it’s NOT about growing their economy so much that will revalue the Iraqi but instead all about the politics and the corruption behind the intentional suppressing of the dinar and keeping it low from more serious long-term investors, while the corrupt rape the billions from their economy and money that could be used to grow the economy even more. With all the oil revenues alone surely the dinar is worth much more that 1/6 of a penny. 

Come ‘on folks! When will this suppression of the dinar end. They don’t need any economic revival to put a fair market rate for the dinar back on FOREX. It is all a lie. Get it? They are “artificially” suppressing the rate of the dinar. Sure once they did reinstate the rate can then grow as the economy grows. But this is not their plan.

When will this abuse of the dinar end? I believe this end is near but we first need to see the swamp drained in Washington DC ,as they are the heart of the problem. Sure they are now stepping in to help Iraq, as we see the US Treasury in the CBI. But one must ask what the hell took you so long? Why are they stepping in? Is it because they see the Goose that lays the golden eggs suffocating under all the corruption and, if it continues, they too will  suffer as there will be nothing remaining even for them to steal. Get it?  

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

LATEST BY SANDY INGRAM, 15 SEPT

 Sandy Ingram 

 The belief of a $3.00 to 1 Iraqi dinar is unreal.  Even $1.00 to 1 Iraqi dinar is a serious stretch...An increase to $0.10 to 1 Iraqi dinar would be greatly appreciated.  We would then hope the value would increase from $0.10.  Most...would receive a 5 to 6 figure US dollar payout if the currency went to $0.10...

Summary

Iraq’s Development Road Project aims to enhance trade and economic growth, potentially increasing the value of the Iraqi dinar for investors.

Highlights

• 🚧 Development Road Project designs completed.
• 🌐 Project connects Iraq to Turkey, UAE, and Qatar.
• 🚄 Rail network to have initial capacity of 3.5 million tons.
• 📈 Expected to boost Iraq’s GDP and dinar value.
• 🤝 Regional and European countries eager to invest.
• 🏗️ Job and investment opportunities will arise.
• 🛣️ Aims to compete with Egypt’s Suez Canal.

Key Insights

• 🌍 The Development Road Project is set to transform Iraq into a key transportation hub, significantly enhancing trade routes between Asia and Europe.
• 💰 By increasing Iraq’s GDP through this project, the Iraqi dinar’s value may rise, offering investors greater opportunities in the currency market.
• 🔗 The quadripartite agreement among Iraq, Turkey, UAE, and Qatar signifies strong regional cooperation, crucial for the project’s success.
• 🚧 The integration of cutting-edge technology and AI into the project highlights Iraq’s commitment to modernizing its infrastructure and economy.
• 📦 The capacity increase for rail transport will facilitate the movement of goods, making Iraq a competitive player in global trade.
• 🏗️ The anticipated job creation and investment influx will invigorate Iraq’s economy, fostering long-term sustainability and growth.
• ⚖️ As Iraq becomes an international transport hub, the potential need to increase the dinar’s value could create favorable conditions for investors.
• https://dinarevaluation.blogspot.com/2024/09/sandy-ingram-cc-notes-highlights-11-sept.html
  

Iraq's Investment Law: Big Changes Ahead!