MNT GOAT: SOMETIME IN NOVEMBER WILL BEGIN THE PROJECT OF DELETE ZEROS WITH IN COUNTRY RATE OF $1

 

Rafidain Bank is studying the establishment of an electronic platform for trading government bonds, 31 OCT

Rafidain Bank is studying the establishment of an electronic platform for trading government bonds

Economy News _ Baghdad

Rafidain Bank confirmed on Wednesday that it is studying the establishment of an electronic platform for the trading of government bonds.

A statement from the bank received by “Economy News” said: “Under the direct supervision of the Minister of Finance and the Governor of the Central Bank of Iraq, Rafidain Bank sponsored an expanded meeting in cooperation with the Securities Authority and the Iraq Stock Exchange to discuss the launch of an electronic platform for trading government bonds.

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Added 2024/10/30 – 10:22 AM

https://economy-news.net/content.php?id=49303

TIDBIT FROM FNU LNU, 31 OCT

 Fnu Lnu 

 [Response to Guru Frank26 10-29-2024 Hybrid Monetary Process post below] 

"Hybrid monetary process" is the usage of two sets of books. This is unlikely because two sets of books is not a "Monetary Process".  

 A monetary process is far more likely to be the coexistence of the new species of lower denominated notes along side the Three Zero notes for a period of 10 years just as Dr. Shabibi said so long ago.

 It is likely they have just now codified it as they have many other facets of the Shabibi reconstruction plan.

"THEY'RE RELEASING A NEW EXCHANGE RATE" BY FIREFLY @DINARREVALUATION

 

IMF expects Iraqi economy to grow by 4%, 31 OCT

IMF expects Iraqi economy to grow by 4%

Baghdad-Mil  

The International Monetary Fund expects the Iraqi economy to grow by 4% next year, while confirming that it conducted surveys in various countries of the region, including Iraq .

A report by the Fund, seen by “Mill”, stated that “Iraq came in advanced ranks in the Arab world with an expected economic growth of 4%, outperforming Morocco, Kuwait, Bahrain, Oman, Algeria, Jordan and Qatar.”

https://miliq.news/political/37952–4.html

TIDBIT FROM WALKINGSTICK, 31 OCT

 Walkingstick 

This base currency they are now teaching the Iraqi citizens about in the hybrid monetary plan is considered the domestic currency which is the IQD. 

 In this case the lower notes that will be coming out.  Base currency means the Iraqi dinar it is a first currency in a currency pairing...

The IQD will be the dominant currency in Iraq and on the Forex due to its pairing.  That step is the float to reach the real effective exchange rate.  

MNT GOAT: So what did we learn October about the Project to Delete the Zeros? @DINARREVALUATION