IRAQ'S BOLD MOVES AGAINST CURRENCY COUNTERFEITING IN 2024

WOW!! WE HAVE BEEN WAITING FOR THIS FOR DECADES BY MNT GOAT, 6 OCT

 Mnt Goat 

 ...the dinar is not going to change in value IN THE COUNTRY OF IRAQ as a result of the project to delete the zeros...No one in Iraq is going to get rich off this swap out...

So when we exchange, OUTSIDE of Iraq, we exchange our dinar we will get the rate of exchange for our OWN COUNTRY according to the exchange rate...The banks are going to be VERY strict on this.

 Prime Minister Mohammed Shia al-Sudani confirmed from New York that the currency sale window will close at the end of this year, while revealing the government’s intention to establish a new bank that adopts the latest technologies. 

WOW! WOW! We have been waiting for this for decades. Now it Is reality. Finally!!

Iraq to launch electronic food ration card system, replacing paper format, 6 OCT

 ERBIL (Kurdistan24) – The Iraqi Ministry of Trade announced plans to implement a new electronic food ration card system, replacing the current paper format.

The transition to electronic cards is set to take place across the country, with the system already being rolled out in several provinces.

On Friday, Sattar al-Jaberi, Deputy Minister of Trade, confirmed that the ministry has started converting the monthly food ration receipts of citizens from paper to electronic format.

Alongside this, new registrations, separations, transfers, and replacements of ration cards have been temporarily suspended in all provinces to facilitate the transition.

The new electronic system is currently being introduced in Baghdad, Najaf, Kirkuk, and Duhok. Al-Jaberi explained that the electronic cards will carry the same information as the previous paper receipts, allowing citizens to register their documents online without the need to visit food ration distribution centers.

According to al-Jaberi, the ministry has completed updating the records for all Iraqi citizens—approximately 40 million people—and the program is now fully ready for implementation.

He added that the system will also help distinguish between the living and deceased citizens, ensuring that the names of deceased individuals are removed from the system, effectively stopping their monthly food rations.

The move to an electronic card system is expected to streamline the food distribution process and improve efficiency across Iraq’s food ration program.

Iraq's Bold Move: Removing Zeros from the Dinar!

INTEL FROM MR.SAMMY BANK: A REAL INTERNATIONAL RATE FOR IQD IS $4.00 @DI...

RV UPDATE BY CLARE, 6 OCT

 Clare  

Article: "The government-owned Rafidain Bank announced on Friday that it has collected more than four trillion dinars electronically for the benefit of 700 government departments...

the total amounts that were settled and collected for the benefit of those government departments and deposited in their accounts at Rafidain Bank amounted to more than four trillion dinars."

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Article: "World Bank issues optimistic report on Iraq, points to 'major transformation' " 

 Quote:  "The World Bank issued...report, which indicated that Iraq is witnessing a major transformation in improving the business environment, “noting” the progress made by Iraq in vital areas such as regulatory frameworks, public services, and operational efficiency.”

Iraqi economist expects oil price to rise to $200 if war extends to Gulf , 6 OCT

Economist Nabil Al-Marsoumi expected on Friday that the price of a barrel of oil would rise to nearly $200 if the war in the region expanded to include the Gulf states, and Iran closed the Strait of Hormuz and cut off the flow of about 20 million barrels of oil to global markets daily.

The expert spoke in an analysis published today about the two expected possibilities regarding what he called the coming oil war. He said that the first of them is that Israel will target the Iranian oil export outlets, especially Kharg Island, through which 90% of Iranian oil exports pass. This means eliminating 1.5 million barrels of Iranian oil from the market, which will raise prices by about $5 per barrel to $82.

He added: But it will lead to cutting off the most important sources of Iranian funding, and in this case we will face several scenarios. The first is that OPEC Plus will intervene and cancel voluntary and mandatory production restrictions, which will provide sufficient oil supplies to compensate for the loss of Iranian oil, indicating that this will lead to a decrease in prices and their return to the $70 mark.

He addressed the second possibility, saying: The war may extend to include oil pumping and export stations in the Gulf, which may negatively affect Gulf oil exports, especially Saudi oil exports, which will push oil prices above $100 per barrel.

Al-Marsoumi also pointed out that Iran had previously confirmed that preventing it from exporting its oil to the world also means preventing the exit of oil from the Strait of Hormuz. If Iran closes the Strait of Hormuz, this means cutting off about 20 million barrels per day of global oil supplies, which will push prices to $200 levels, in addition to negatively impacting Gulf gas shipments that pass through the strait.

The Iraqi economic expert continued by saying that the Israeli strike will be limited to hitting oil facilities, especially Iranian refineries, which means taking out 300 to 400 thousand barrels per day of Iranian exports, noting that in this case it will have no significant impact on global oil prices, especially after Libyan oil returns to its previous levels.  link