DINAR REVALUATION

Monday, September 23, 2024

CBI IS REVIEWING THE PROJECT DELETE ZEROS FROM DINAR TO BE APPLIED SOON ...

Prime Minister: We are working to support investments that aim to diversify the economy away from oil , 24 SEPT

Prime Minister: We are working to support investments that aim to diversify the economy away from oil

9/22/2024

Prime Minister Mohammed Shia Al-Sudani said that we are working to support investments that aim to diversify the economy away from oil, while focusing on the role of the private sector in providing job opportunities.

The Prime Minister stressed in his speech at the Future Summit on Confronting Future Challenges, which is being held on the sidelines of the 79th session of the United Nations General Assembly in New York: The need to give Iraq priority in climate financing as it is one of the most affected countries, and we have begun implementing our commitments stipulated in the National Contributions Document.

The Prime Minister also stressed the keenness to provide incentives to the private sector and invest in renewable energy projects, which reduces our dependence on fossil fuels and contributes to a more sustainable future. LINK

DINARLAND HIGHLIGHTS: CBI ANNOUNCED THE IQD RV, 24 SEPT

Summary

The Central Bank of Iraq today announced the revaluation of the Iraqi dinar, making significant progress towards alignment with international standards. Prime Minister Sudani confirmed the formation of a committee to adapt Iraq's banking system, which could signal a major change on the horizon. The elimination of the three zeros from the dinar is part of a monetary reform that seeks to simplify transactions and increase economic confidence.

HIGHLIGHTS: Important progress is being reported in Iraq in relation to aligning the banking system with international standards.

Frank 26 points out that Iraq is making more progress than he publicly shares.

Iraq's prime minister confirmed the formation of a committee to align the banking system with international standards.

The question is raised as to why Iraq would be aligning its banking system internationally while still operating at a program rate.

Alignment with international financial standards often precedes significant reforms, especially in terms of currency adjustments.

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Militia man suggests that Iraq is progressing towards a possible revaluation of the currency and the elimination of three zeros.

Militia man highlights Iraq's progress and the possibility of going to the international market soon.

The elimination of three zeros from the Iraqi currency is mentioned as an important step for the economy.

There is speculation about a revaluation to come, which could boost investor confidence locally and internationally.

Alak's role as governor of the Central Bank of Iraq in efforts to eliminate the black market and align the official exchange rate is highlighted.

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The dezeroing of the Iraqi dinar is part of a broader monetary reform plan to strengthen the economy.

The elimination of zeros seeks to simplify transactions and increase confidence in the economy.

This measure backed by real economic reforms is expected to improve the stability of the currency.

Iraq seeks to attract investors, improve economic independence and reduce pressure on the general budget and foreign reserves.

TRANSLATION IN SPANISH

Summary

El Banco Central de Irak anunció hoy la revaluación del dinar iraquí, con avances significativos hacia la alineación con estándares internacionales. El primer ministro Sudani confirmó la formación de un comité para adaptar el sistema bancario de Irak, lo que podría indicar un cambio importante en el horizonte. La eliminación de los tres ceros del dinar es parte de una reforma monetaria que busca simplificar transacciones y aumentar la confianza económica.

Frank 26 destaca que Iraq está progresando más de lo que comparte públicamente.

El primer ministro de Iraq confirmó la formación de un comité para alinear el sistema bancario con estándares internacionales.

Se plantea la pregunta sobre por qué Iraq estaría alineando su sistema bancario internacionalmente mientras aún opera a una tasa de programa.

La alineación con estándares financieros internacionales suele preceder reformas significativas, especialmente en términos de ajustes de moneda.

✦Militia man sugiere que Iraq está progresando hacia una posible reevaluación de la moneda y la eliminación de tres ceros.
Militia man destaca el progreso de Iraq y la posibilidad de ir al mercado internacional pronto.
Se menciona la eliminación de tres ceros de la moneda iraquí como un paso importante para la economía.
Existe especulación sobre una revaluación por venir, lo que podría aumentar la confianza de inversores local e internacionalmente.
Se destaca el papel de Aliak como gobernador del Banco Central de Iraq en los esfuerzos para eliminar el mercado negro y alinear la tasa de cambio oficial.

✦La eliminación de ceros del dinar iraquí es parte de un plan de reforma monetaria más amplio para fortalecer la economía.
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La eliminación de ceros busca simplificar transacciones y aumentar la confianza en la economía.
Se espera que esta medida respaldada por reformas económicas reales mejore la estabilidad de la moneda.
Iraq busca atraer inversores, mejorar la independencia económica y reducir la presión sobre el presupuesto general y las reservas extranjeras.

CBI ANNOUNCED THE IQD RV!!!! @DINARREVALUATION

" TO IQD HOLDERS" BY ARIEL, 23 SEPT

TO 𝙄𝙌𝘿 𝙃𝙤𝙡𝙙𝙚𝙧𝙨: What would you do if you woke up tomorrow morning and suddenly realize you are a multi millionaire 3 times over? Are you all ready for that type of money?

Because at this point I am expecting the rate change at any moment.

When you exchange don't act like you don't know how to log on to X and speak.

Because a lot of you all about to start acting bad & bougie.

Anyway I hope you all bought all you need. The rate release is but a glance away.

MILITIAMAN CC NOTES HIGHLIGHTS: Al-Sudani's Participation in UNGA and Banking Reforms , 23 SEPT

Al-Sudani's Participation in UNGA and Banking Reforms

Prime Minister Muhammad Shia Al-Sudani arrived in New York for the 79th UN General Assembly session, involving multiple speeches and sideline meetings.

Key discussion topics include strengthening cooperation, facing global challenges, and affirming commitments.

Sudani's advisor highlights that Iraq's banking system is rentier, heavily reliant on oil resources and government liquidity.

Comprehensive reforms are needed to transition Iraq towards a market economy, with potential assistance from Ernst & Young.

Privatization of two large state banks is anticipated to enable integration with the international financial system.

Al-Sudani announced a higher committee to align Iraqi banks with international financial standards and improve relations with global financial entities.

Previous discussions at the Davos meetings emphasized restoring confidence in the international financial system, spotlighting Iraq’s role.