DINAR REVALUATION

Thursday, October 3, 2024

Government Advisor: No Concerns About Iraq's Financial Situation And Our Foreign Reserves Are Diverse, 3 OCT

{Economic: Al Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Salih, reassured about the financial and economic situation of the country.

Saleh told Al Furat News Agency: "We should not worry about the current fluctuations in either monetary gold or the various foreign currencies that make up the country's foreign reserve portfolio, which varies from major foreign currencies and monetary gold, according to the global standard investment guidelines adopted by the monetary authority in high-level technical cooperation with multilateral international financial organizations, specifically the International Monetary Fund and the World Bank."

He explained, "Usually, the Central Bank of Iraq hedges in managing its sovereign investment portfolio with a studied and highly sensitive diversity and with standard ratios and precise weights for each foreign currency in addition to the monetary gold that makes up the foreign reserves, within the scope of what is called hedging against the risks of fluctuations in exchange rates of currencies and gold, which is a policy that expresses the efficiency of managing the country's investment portfolio and according to diversification in various foreign currencies and gold."

Saleh explained, "The decline in the market value of gold, for example, must be met with an increase in the value of the dollar or other foreign currencies through the management of the components of the foreign reserves portfolio itself, as diversification is an important pillar of the hedging policy in managing investments in foreign assets from fluctuations in foreign exchange rates and gold through diversifying the country's sovereign investment portfolio."

He pointed out that "the sovereign investment portfolio avoids what is called in the literature of accounting policy of central banks (unrealized losses) by immediately realizing (unrealized profits), which are the same unrealized profits that correspond to the unrealized losses resulting from fluctuations in gold or foreign currency prices at the same time."

He pointed out that "the availability of a good diversification policy, in the assets or holdings of the investment portfolio, is sufficient neutrality in maintaining the total market value of the country's foreign assets reserve and the stability of its value at all times." LINK

CONTRACTS ARE STARTING TO GET PAID BY WOLVERINE, 3 OCT

WOLVERINE

Wed. 2 Oct. 2024 Wolverine

“Guys, Iraq still has not floated the dinar yet on Forex. Bond payments are definitely started, or about to start. Hearing all good news regarding Bond Holders, but nothing concrete about the RV.

There are Whales who have flown to Zurich to go to their appointments and receive their blessings.

The RV is very complicated as they are dealing with all the currencies of the world and have them all gold backed.

The Pentecostal group is about to release the funds to their members that are going to the event this weekend. They will be given the codes and the PIN number to access their funds. They will be paid first before going to the gala night.

I think about 300 people or more are going to the event from various countries around the world. Contracts are starting to get paid.”

DINARLAND UPDATE :WHAT BAGHDAD TV ARE SHOWING TO THE CITIZENS BY FIREFLY...

Washington embassy: Tuesday’s attack targeted a US diplomatic facility in Baghdad, 3 OCT

Shafak News / The US Embassy in Baghdad issued, on Tuesday evening, a clarification about the attack that targeted its interests, indicating that the target was a diplomatic facility.

The embassy spokesman said in a statement, which responded to Shafak News Agency, that unidentified forces launched today an attack on the Diplomatic Support Complex in Baghdad, an American diplomatic facility, indicating that the attack did not result in any injuries, and the damage assessment process is still ongoing.

The spokesman added that some media reported that the attack took place on or near the “Camp Victory” base, and this information is inaccurate, as the United States handed over control of what was formerly known as “Camp Victory” to the government of Iraq in 2011, and does not currently have a US military base.

He explained that the site that was attacked near Baghdad International Airport is the Diplomatic Support Complex in Baghdad, an American diplomatic facility, calling on the media to update their information to reflect this fact.

Earlier this evening, US Ambassador to Iraq Elena Romansky said that attacks on diplomatic missions in the capital Baghdad “must stop.”

She confirmed in a tweet through her official account, on the X website, that last night he had launched an attack on the diplomatic support complex in Baghdad, an American diplomatic facility, and fortunately, there were no injuries.

Romanski expressed its appreciation for the rapid response of the Government of Iraq to the attack, reiterating its request for cooperation with them to protect the staff and facilities of diplomatic missions and coalition partners. She also called for these attacks to stop.

The target site near Baghdad International Airport was hit early on Tuesday morning by three rockets, the first fell in its vicinity, and the other at the headquarters of the second regiment of the counter-terrorism service, and the other near a runway at the civilian airport, according to a security source told Shafaq News.

https://shafaq.com/ar/سیاسة/سفارة-واشنطن-هجوم-الثلاثا-استهدف-منش-ة-دبلوماسية-امريكية-ببغداد

RV UPDATE BY PIMPY, 3 OCT

Pimpy

Unfortunately it is everywhere. Protests are happening in Jordan, Turkey, Iraq...

For those of us invested in the Iraqi dinar we're definitely paying attention to what's going on over there in Iraq because it could have an effect on the Iraqi dinar if we can't get things calmed down.

We'll keep an eye on it and see what happens..