DINAR REVALUATION

Sunday, September 29, 2024

DINARLAND UPDATE: RECENT UPDATES FROM BRUCE @DINARREVALUATION

3 reasons behind the recent rise in the dollar.. Financial expert, 30 SEPT

Today, Saturday, financial expert Ahmed Saddam cited three factors for the recent increase in the US dollar’s value against the Iraqi dinar.

Saddam told , “This increment from 148,000 to 152,000 for each hundred bucks is connected to the conflict on Lebanon and the subsequent pressures in Iraq. This indicates that the recent rise is the result of low expectations, which speculators typically use to boost the dollar exchange rate.

“This matter I believe constituted a relative restriction on some other banks that trade in dollars in the parallel market and thus generated expectations of a decrease in the level of cash dollars in the parallel market,” he continued. “In addition to the recent tightening by the Central Bank of Iraq, especially after imposing guardianship on three banks,”

“We can also say that the local trade movement is relatively active with the start of the new school year, and this prompts many small traders to request dollars from the parallel market to settle their commercial transactions, which leads to an increase in the dollar exchange rate,” he continued.

THEY ARE SHOWING ADVERTISING THAT THE KUWAIT DINAR IS AT $3.58 BY FIREFLY, 29 SEPT

Frank26

[Iraq boots-on-the-ground report]

FIREFLY: There are TV commercials advertising that the Kuwait dinar is at $3.58. They are talking about our new border agreement with Kuwait. The fact they bring up this rate tells me they want to talk about our new rate against it.

FRANK: They are talking to you about Kuwait because they need an example to show you what is about to happen to your currency, your purchasing power, to show you what is going to happen to your exchange rate. There will be a change coming.

THE redemption appointments could possibly start on Tues. 1 Oct. 2024 WO...

Coordination Framework: The martyrdom of Sayyed Hassan Nasrallah is the beginning of victory and a new life for the nation, 29 SEPT

On Saturday, the Coordination Framework discussed the Master of Resistance’s death, Martyr Sayyed Hassan Nasrallah, as the beginning of victory and a new beginning for the nation.

“the Coordination Framework held its emergency meeting today, Saturday, in the Prime Minister’s office, to discuss all developments after the martyrdom of Sayyed Hassan Nasrallah,” read a statement from the framework’s media office.

He continued, “The framework considered Sayyed Hassan Nasrallah’s martyrdom the beginning of victory and a new life for the nation.”

The Coordination Framework reaffirmed its adherence to the directives of the highest religious authority regarding the provision of all necessary aid to the benevolent Lebanese people. In addition, the Coordination Framework expressed gratitude to the government for its outstanding efforts in resolving issues affecting the displaced from brotherly Lebanon.

EXCERPTS FROM MAKRZ & MILITIAMAN CC , 29 SEPT

EXCERPTS FROM MARKZ & MILITIAMAN CC

ARTICLE 140 / HCL

MM: I saw an article today “ The head of the Kurdistan party provincial council stressed on Saturday the implementation of Article 140 of the Iraqi constitution. “ This is why my phone was blowing up. This may be why Sudani and everyone are getting together today. With article 140 they need the new value of their assets. I think this is huge.

MZ: That is huge. They need to revalue the assets before the census happens.

Member: I was told as soon as article 140/HCL passes – then we go.

IRAQ IS GOING INTERNATIONAL

MM: Good morning everyone. Iraq has done so much work and we all know Al Sudani was just in New York again at the US assembly. He also had sideline meetings and had his speech and returned home yesterday.

MM I think he has more meetings today ….but his acheivments in 2024 hve been phenominal. Including international interconnectivity. This showcases the fact that Iraq is going international..Al Sudani also talks about $83 billion for the investment side of the budget for infrastructure….which tells me he needs the money released publically. And he needs to tell his people where the money is coming from.

MM: The world is waiting to see the budget…but Item #4782 has not been released yet in the Iraq Gazette…..there is good reason for it. I am optimistic in includes the new REER (Real Effective Exchange Rate)

MM:They already have the new technology for international interconnectivity that we have all heard about that is fast, accurate using blockchain ledger technology. Everybody needs to be on the same page at the same time on this system

MM: When this happens prepare for shocks. .

MZ: What are your thoughts on Sudani’s speech at the UN? He talked about them being fully international.

MM: I think the very last part of that speech he says Iraq is taking its rightful place in the international world. It’s interesting that he said that because a year ago this September he was showcased as being the savior of the international financial system. And again in Davos a few months ago where he had the likes of Jaimie Dimon and JPMorgan and the biggest banks in the world there.

MM: Iraq has all the assets, new technologies like the Ayuscuda system at the borders to collect those non-oil revenues and taxes. I believe there are meetings today with Al Sudani and Al Alaq and the banks. At this stage in the game you have to ask yourselves why? I’m hoping it’s to decide not to use the rate of 1310 anymore…..but something different.

MZ: So how close are we…. iyo?

MM: With Sudani back now….why couldn’t it happen at any time? To me there is no reason it could not happen at any time.

MZ: I agree. He’s done the victory tours, he has told the world they are restored and fully international. …Time to see the fruit of his labors. I wouldn’t be surprised to see my phone blowing up this weekend with the news that it has happened.

MM: I think Sudani is obliged to do this at this point.

MZ: I agree he has done all the groundwork , done all the stuff, paid all their bills….he is kinda obliged to do it.