EXCERPTS FROM MARKZ : " Read between the lines" @DINARREVALUATION

 

Central Bank Governor reveals important figures about Iraq’s economy and foreign reserves, 30 OCT

 Central Bank Governor reveals important figures about Iraq’s economy and foreign reserves

The Governor of the Central Bank of Iraq revealed important figures about the Iraqi economy and its foreign currency reserves.

Ali Al-Alaq said during his participation in the Middle East Forum 2024 (Miri) session in Erbil, that “the volume of currency issued in circulation is approaching 100 trillion dinars,” indicating that “the cash reserve of foreign currency exceeds 100 billion dollars.”

He explained that “next year will witness major transformations in the restructuring of government and private banks. ”

He pointed out that “the growth rate of the money supply rose from 46 trillion to 100 trillion within two years,” noting that “the external debt does not exceed 20 billion dollars.”

Al-Raqqa confirmed that “the inflation rate currently stands at 3.8%, which is a typical rate,” revealing that “the Central Bank has granted a license to 16 electronic payment companies.”

https://alforatnews.iq/news/%D9%85%D8%AD%D8%A7%D9%81%D8%B8-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D9%83%D8%B4%D9%81-%D8%A7%D8%B1%D9%82%D8%A7%D9%85%D8%A7%D9%8B-%D9%85%D9%87%D9%85%D8%A9-%D8%B9%D9%86-%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D9%88%D8%A7%D8%AD%D8%AA%D9%8A%D8%A7%D8%B7%D9%87-%D8%A7%D9%84%D8%A3%D8%AC%D9%86%D8%A8%D9%8A

FIREFLY: " WE'RE GOING TO NEED TO SEE THE REAL EFFECTIVE EXCHANGE RATE: , 30 OCT

 Frank26 

 [Iraq boots-on-the-ground report]  

 FIREFLY: Mr Sammy

 [FRANK: Who runs one of the banks in Iraq] 

said all that is needed at this point is a new rate to push forward the remaining things. 

 The budget has not been released yet but it will be.  Then the HCL also needs to be voted and we need the Speaker of the House. 

 All of these things are working together.  To see that budget and the HCL we're going to need to see the Real Effective Exchange Rate. 

 FRANK:  The Real Effective Exchange Rate will come when it starts to float.  That's part two of the 'hybrid monetary reform plan'. Part One is to give you purchasing power.  I agree with Mr. Sammy...

there are major events that are coming to an intersection that will collide with great force for your new exchange rate and currency.

NADER FROM MID EAST:THE SPIKE ON FOREX: THE IQD LOST it's zero and it's .0014 instead of .0076

 

The House of Representatives sets tomorrow, Thursday, as the date for holding a session to elect its president, 30 OCT

 The House of Representatives sets tomorrow, Thursday, as the date for holding a session to elect its president

Mawazine News – Baghdad 

The media department of the House of Representatives announced today, Wednesday, that tomorrow, Thursday, will be the date for the session to elect the Speaker of the House.

The department said in a statement received by “Mawazine News”, that “the agenda of the House of Representatives session for tomorrow, Thursday, will include the election of the Speaker of the House.”

https://mawazin.net/Details.aspx?jimare=256231

EXCERPTS FROM MARKZ, 30 OCT

 EXCERPTS FROM MARKZ

Member: Can Iraq go very long with the new policy of not letting any more than one million dinar leave the country now per person?

MZ: No- not really …I don’t think they can very long now that they are shutting down the auctions …they have to bring in money from other countries until the dinar is more powerful. 

​​Member: What about your bond holder? Is he liquid?

MZ: I am hearing “crickets” from the one bond holder that was supposed to have dollars by today. I am not too surprised…..either he is trying to figure out where it’s at…or he got it and went quiet. My suspicion is he has not been paid yet or does not have full access yet. . 

Member: Bond folks are in the same position as we are. Waiting for the trigger

MZ: I totally agree

Member: Hello, my name is Bond….Paid Bond…..lol

MZ: Shaken or stirred?

Member: Any Redemption center news?

MZ: They are still waiting and still hopeful . My contacts who have been trained in exchanging foreign currencies (specifically the currencies we hold)  also work in wealth management. They all know there will be a sudden injection of wealth. They are prepared and ready and just as frustrated and irritated as you and I are. 

REVALUATION UPDATE FROM JULIAN ASSANGE @DINARREVALUATION