ABOUT THE DINAR ON FOREX WENT FROM $1320 TO $745 ON TUESDAY FROM PIMPY, 27 OCT

  Pimpy  

 [Reference Guru Nader post ]  

 It [The dinar on Forex] went from 1320 to 745 for every dollar so that's 54% increase in value.  Woo!  Man that's really good.  It's not where everybody  wants to be but still a nice jump in value.  

It's looking good.  

I really think it's looking good.  I just try to keep people grounded...There is weird activity. 

 Nobody really knows what it means but that is one hell of a jump, a 54% increase in value...I don't know what's going on...

It is exciting because this is right on the heels of the information...that they're lifting restrictions [on foreign exchange in Iraq] and then all of a sudden this happens.  This is like one day apart...

All of a sudden next day there's a spike.  Could be something, could be nothing...

Everybody knows it's close so it's hard not to get excited.

LATEST UPDATE FROM DINARLAND @DINARREVALUATION

For The First Time Since June 2023.. The Central Bank Of Iraq Reduces The Interest Rate, 27 OCT

 For The First Time Since June 2023.. The Central Bank Of Iraq Reduces The Interest Rate

Time: 2024/10/26 Read: 2,210 times  {Economic: Al Furat News} The Central Bank of Iraq decided to reduce the interest rate and reactivate the use of securities in the country's banks, for the first time since June 2023.

Useful summary.. In important news you can find it on Al Furat News channel on Telegram.. To subscribe click here

According to a document issued on Thursday by the Central Bank of Iraq and addressed to banks operating in Iraq, the bank decided to reduce the interest rate from 7.5% to 5.5%, in addition to reactivating the securities (Islamic certificate of deposit and money transfers) according to an annual plan and with two terms: with a return of 4% for a period of 14 days and a return of 5.5% for a period of 182 days.

The maximum investment ceiling was set at no more than 50% of the total private sector deposits in the bank, and the bank’s investment ceiling in a single auction should not exceed (500) billion Iraqi dinars.

This decision comes within the framework of the Central Bank’s preparations to end direct monitoring of financial transfers at banks, after launching an electronic platform in early 2023, which aims to enhance proactive monitoring of financial transfers.

According to an informed source in the bank, in a previous press statement, dealing in dollar transfers was limited to only six banks, while 13 banks will trade in other currencies, while the banks subject to US Federal Reserve sanctions remain under review by international auditing companies.  LINK

ABOUT THE DINAR POPPED UP AT $ .1094 ON TUESDAY BY MARKZ, 27 OCT

MarkZ  

 [via PDK]  

...[Guru] Nader talked about that on Tuesday the IQD popped up at .1094…  

We are starting to see those fluctuations regularly on forex etc. to give you an idea of what he saw. 

Your one million IQD would have gone from about $800 to about $14,000 just like that!! 

 This is enormous but nothing compared to what we hope and expect…

but, it is clear they are testing and priming that system.

Dinar Revaluation: Shocking Forex Spike Analysis! FROM MARKZ @DINARREVAL...

MP: America Is Waging An Economic War Against Iraq, 27 OCT

 MP: America Is Waging An Economic War Against Iraq

Today 11:48  Information/ Baghdad.. Today, Sunday, the representative of the Sadiqoun parliamentary bloc, Rafiq Hashem, accused America of practicing economic warfare against Iraq, stressing that the trend towards Russia and China is the only salvation from American hegemony.

Al-Salihi told Al-Maalouma Agency, "America is waging an economic war against Iraq in order to keep its forces in the country, indicating that America is preventing Iraq from obtaining its money from oil sales."

He added, "America is plotting a new economic conspiracy against the Iraqi people by reducing financial transfers to Iraq, which has led to an increase in the dollar exchange rate against the Iraqi dinar."

He pointed out that "Iraq's openness to major countries such as Russia and China is the only solution to get rid of American economic hegemony." LINK

"IRAQI PM SAYING: " NOT TO KEEP THE DOLLAR BECAUSE THE DINAR WILL BE SRONGER THAN THE DOLLAR" , 27 OCT

 

👆Iraqi PM saying: “ I tell Iraqis NOT to keep the dollar because the DINAR will be STRONGER than the dollar”

https://x.com/majeed66224499/status/1843915692808302665