DINAR REVALUATION

Thursday, November 21, 2024

MILITIAMAN: MM&C News Reporting-Global Trade-Best Route in World-Purchase Power-Just...

"HCL BEING PREPARED!!!" BY FRANK26, 21 NOV

KTFA

Frank26: "HCL BEING PREPARED!!!"........F26

FRANK26: Trade Bank of Iraq opens an office inside the SOMO oil company building

11/17/2024 Baghdad - INA

Today, Sunday, the Trade Bank of Iraq ( TBI ) announced the opening of an office inside the SOMO oil company building.

The bank's media advisor, Aqil Al-Shuwaili, said in a statement to the Iraqi News Agency (INA): "In cooperation with SOMO, an authorized office was opened inside the company's building to issue documentary credits to facilitate all transactions between the Oil Marketing Company " SOMO " and the bank regarding the export and import operations of all petroleum products."

He added that "this contributes to supporting the national economy and developing the energy sector, which is one of the main drivers of the Iraqi economy," noting that "these measures come within the work plan of the bank's management, represented by its chairman, Bilal Al-Hamdani, to develop banking work."

He stressed that "this will contribute to improving and developing the bank's services provided to all customers in
line with the Prime Minister's directives to develop the banking sector and improve all services."

LINK

Ariel (@Prolotario1): Financial Implications of Iraq’s Inflation Rate, 21 NOV

Ariel

@Prolotario1

You all need to understand the financial implications of this inflation rate. This is not conjecture or some wild off beat theory. Iraq literally can not afford to come out below 10.

Because the Central Bank of Iraq (CBI) has implemented measures to stabilize the currency, including securing approval from the U.S. Federal Reserve to supply dollar cash in 2024.

However, of course those efforts have not fully mitigated inflationary trends.

Imagine having 1-5 million in IQD and you wake up with an extra 13 million to 65 million.

Source(s):
https://x.com/Prolotario1/status/1859381082023395731

MAJEED: IRAQ NEEDS A STRONG IRAQI DINAR VALUE TO REBUILD THE COUNTRY : $13 IQD PER 1 USD

@DINARREVALUATION YOUTUBE CHANNEL

Al-Najjar: The Development Fund aims to mobilize Iraqi savings estimated at $70 billion, 21 NOV

Al-Najjar: The Development Fund aims to mobilize Iraqi savings estimated at $70 billion

11/20/2024

London

The Executive Director of the Iraqi Development Fund, Mohammed Al-Najjar, said on Wednesday that the fund has six goals, one of which is to mobilize the savings of the Iraqi people.

Al-Najjar said during a dialogue seminar organized by the Chatham House Research Center in Britain and attended by the Al-Eqtisad News correspondent, that "the Iraqi government has begun to reform many economic laws that would regulate the lives of citizens and preserve their rights."

He added that "the Iraqi Development Fund has six goals, including mobilizing the private savings of the Iraqi people, estimated at 60-70 billion dollars."

He explained that "the development road is considered one of the most important strategic projects for Iraq, and several countries will participate in it, and it will shorten the time for transporting goods by 15 days."

Al-Najjar continued that "women in Iraq wear gold worth 18 billion dollars," noting that "Iraq needs 8,000 schools, so the Iraqi Development Fund has granted land to build schools." LINK

WILL BE A WONDERFUL CHRISTMAS BY WOLVERINE, 21 NOV

Wed. 20 Nov. 2024 Wolverine

“I’ve had numerous messages that we are definitely going to have a wonderful, wonderful Christmas and hopefully by tomorrow we’ll have some good news.”