MARKZ: yesterday’s test rates ( test rates popping up on dinar and dong...

AL-ALAQ DISCUSSES WITH HIS TURKISH COUNTERPART THE LAUNCH OF NEW MECHANISMS FOR TRADE TRANSFERS BETWEEN THE TWO COUNTRIES, 19 NOV

AL-ALAQ DISCUSSES WITH HIS TURKISH COUNTERPART THE LAUNCH OF NEW MECHANISMS FOR TRADE TRANSFERS BETWEEN THE TWO COUNTRIES

The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, discussed with his Turkish counterpart, the Governor of the Central Bank of Iraq, Fatih Karahan, the launch of new direct mechanisms for trade transfers between the two countries.

The Central Bank’s media stated in a statement received by “Al-Eqtisad News” that “Al-Alaq and the accompanying delegation met with his counterpart, the Governor of the Turkish Central Bank, Fatih Karahan, in Istanbul.”

The two parties discussed “the launch of new direct mechanisms for trade transfers between Iraq and Türkiye, marking the beginning of a new phase in strengthening banking relations between the two neighboring countries.”

During the meeting, the governor stressed “cooperation in the field of settlements for users of Iraqi cards in Turkey, and urging Turkish banks to open accounts for Iraqi banks to expand financing channels for importing goods and services from neighboring Turkey.”

EXCERPTS FROM MARKZ

 EXCERPTS FROM MARKZ

Member: Mark, isn't it an insanely good sign that the Rupiah, Rial, and Dong had visible rates to us plebains?  I wonder why we see it on some sites and not on forex/others?

MZ: It’s an extremely good sign…and I have had some feedback from some in high levels who say “Foreign officials in Iraq have confirmed that yesterday’s test rates (Referring to Saturdays test rates popping up on dinar and dong) are 100% legit. “  I am starting to get excited. 

MZ: is it showing on some exchanges? Yes. Is it fully released? No   So it is showing there but not compete yet. 

Member: Nader says the IQD is on forex.  He said that the dinar is on forex and soon we can buy and sell in Banks

Member: What were the test rates they saw?

MZ:one of them was $.39 cents for dong and most saw rates of upper $3’s to lower $4’s on dinar. 

Member: We are hearing that the Bolivar will be about .30.

FIREFLY: THE IRAQI DINAR WILL SURPASS THE VALUE OF THE KUWAIT DINAR @DIN...

EXCERPTS FROM MARKZ, 18 NOV

 EXCERPTS FROM MARKZ

Member: rates on the dong seem lower than previously estimated, Do you think VND will be .39 for us?

MZ: I still think rates will be higher than .39 cents….but I could live it. Just think we spent about $50 bucks for a million dong…..If it RVs at .39 cents that is a ROI of $390,000.00 per 1 million dong….who is going to complain about that? Turning $50 bucks into $390 thousand.

Member: Maybe they're priming the pump…Im hoping for at least a 1 to 1.

MZ: I am still hear a rate of low $2+

"there is a massive push in Iraq to go before Dec. 10th." BY MARKZ@DINAR...

IMF PRAISES POSITIVE DEVELOPMENTS IN IRAQ IN FINANCIAL AND BANKING ASPECTS, 18 NOV

 IMF PRAISES POSITIVE DEVELOPMENTS IN IRAQ IN FINANCIAL AND BANKING ASPECTS

The International Monetary Fund praised, on Wednesday, the positive developments witnessed by Iraq in the financial and banking aspects.

A statement by the Presidency of the Republic received by (Al-Rabia) stated that “President of the Republic, Abdul Latif Rashid, received today, Wednesday, at his residence in the Azerbaijani capital, Baku, the Director of the International Monetary Fund, Kristalina Georgieva, within the framework of His Excellency’s participation in the United Nations Climate Conference (COP29).”

He added, “During the meeting, the cooperation relations between Iraq and the International Monetary Fund and ways to enhance them in the context of supporting the development path in Iraq were reviewed. During the meeting, His Excellency the President of the Republic stressed Iraq’s endeavor to implement integrated programs and plans to stimulate the economy and support the financial and banking reform process.”