DINAR REVALUATION IRAQ UPDATE!!,1 DEC

DINAR REVALUATION IRAQ UPDATE!!

Summary

Iraq’s recent census and economic developments signal potential growth for the Dinar, with hints at revaluation and new opportunities for investors.

Highlights

• 🔍 Census Impact: Recent Iraqi census aids in oil revenue distribution and economic rebuilding.
• 📈 Forex Rumors: Iraqi Dinar may soon appear on Forex, sparking investor excitement.
• 🎉 Celebration Anticipation: Alaq hints at celebratory changes in Iraq’s financial landscape.
• 💰 Banking Sector Focus: Increased interest in Iraq’s banking sector suggests readiness for international changes.
• 🏦 Gold Reserves Growth: Iraq’s gold reserves have reached 150 tons, indicating economic potential.
• 🌍 Global Investor Confidence: Iraq aims to restore confidence in its financial system, positioning itself as a global player.

Key Insights

• 📊 Census as a Tool: The recent national census, conducted with UN support, is crucial for addressing economic disputes and ensuring fair oil revenue distribution, signaling Iraq’s commitment to economic reform.
• 💡 Forex Trading Prospects: The anticipated listing of the Dinar on Forex could lead to significant trading opportunities, potentially boosting its value and attracting global investors.
• 🎊 Financial Transformation: Alaq’s comments about an upcoming celebration suggest a pivotal moment in Iraq’s financial recovery, promising positive changes for investors.
• 🔄 Banking Sector Evolution: The growing interest in both government and private banks indicates a strengthening financial infrastructure, essential for Iraq’s international economic integration.
• 📉 Impact of Gold Reserves: The increase in Iraq’s gold reserves is a strategic move that may enhance economic stability and support currency revaluation initiatives.
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• 🌐 Economic Confidence Restoration: Iraq’s focus on rebuilding its financial system reflects a broader strategy to regain investor confidence and establish itself as a key player in the global economy..

: TRANSFORMATIVE EFFORTS DURING THIS 2024 YEAR THAT MARK THE BEGINNING ...

Prime Minister: Iraq is ready to cooperate with major companies to develop its military and security system, 30 NOV

  Prime Minister: Iraq is ready to cooperate with major companies to develop its military and security system

Prime Minister Mohammed Shia Al-Sudani confirmed today, Friday, that Iraq is ready to cooperate with major companies to develop its military and security system.

The Prime Minister's Media Office said in a statement received by the Iraqi News Agency (INA): "Prime Minister Mohammed Shia al-Sudani received at his residence in the capital Madrid today, representatives of three major Spanish companies specialized in the military and security field, namely (rheilmetall expal), (Indra) and (Airbus), each separately."

Al-Sudani stressed that "Iraq is today ready to cooperate with major companies to develop its military and security system, stressing the existence of many opportunities for joint work between companies and the Military Industrialization Authority."

The Prime Minister stressed Iraq's need to diversify sources of armament, which the government has worked on as part of a comprehensive plan to raise the efficiency and readiness of the security forces, and enhance the country's ability to face internal and external challenges.   link

EXCERPTS FROM MARKZ, 30 NOV

EXCERPTS FROM MARKZ

MZ: A number of my sources that are involved with groups and historic bonds are now back in place and prepared (according to them) for a very eventful two weeks. They expect to be very busy over the next two weeks. This probably means things are starting soon.  I have to agree with them. 

Member; those poor bond folks……let’s hope it’s true this time!!!

MZ: This is coming from group leaders and bond facilitators……

FIREFLY: HERE ARE THE MONETARY REFORMS POLICIES IN ACTION CONTROLLING THE BLACK MARKET!!

 

Minister of Commerce sets date for opening shopping malls, 30 NOV

 Minister of Commerce sets date for opening shopping malls

Minister of Commerce, Athir Dawood Al-Ghariri, announced on Thursday the opening date of hypermarkets at the beginning of next year, while indicating that the prices of goods and food items will be competitive and 20 to 30 percent lower than the market.

Al-Ghariri said in a statement reported by the official news agency, and reviewed by "Al-Eqtisad News", that "there will be major measures during the next two months to create real competition, as the shopping complexes have revived the central markets previously through (hypermarkets) by selling food and all goods at competitive cooperative prices that are 20 to 30 percent lower than the market."

 He said, "The shopping malls will be opened on 1/1 of next year, as we will enter a new year of great achievements."

Al-Ghariri added, "The citizen can go to the existing shopping malls, as they are cheaper than the market at the official price," noting that "the supervisory and security agencies will hold accountable violators and weak-willed people who manipulate the prices of goods and food items."  link

DINAR REVALUATION REPORT : THE MULTIPLE TRANSFORMATIVE EFFORTS OF IRAQ DURING THIS 2024 YEAR THAT MARK THE BEGINNING OF A GOLDEN ERA IN IRAQ, 30 NOV

DINAR REVALUATION REPORT : THE MULTIPLE TRANSFORMATIVE EFFORTS OF IRAQ DURING THIS 2024 YEAR

Highlights of Iraq's significant progress and the promising future of its economy, driven by multiple transformative efforts. Here's a breakdown of the key elements:

1. Modernization of the Banking Sector: The adoption of electronic payment systems is key to boosting financial inclusion, efficiency, and access to financial services across the country. This is an essential step toward integrating Iraq into the global digital economy.

2. Introduction of Indexed Bonds: By launching these bonds, Iraq can attract domestic and international investment, providing the government with additional financial resources while potentially stabilizing the national currency and controlling inflation.

3. Economic Diversification: Iraq is taking steps to reduce its reliance on oil by exploring new sectors such as agriculture, manufacturing, and tourism. This diversification strategy can help cushion the economy against global oil price volatility and create sustainable long-term growth.

4. Infrastructure Development : The focus on upgrading transportation and energy networks is crucial for improving internal connectivity and facilitating trade. Well-developed infrastructure also supports economic activities across sectors and boosts competitiveness.

5. Increase in Gold Reserves: By bolstering its gold reserves, the Central Bank of Iraq is enhancing the country's financial stability. This not only reassures investors but also strengthens the country's monetary position against global financial uncertainties.

6. Anti-Corruption Efforts: A reduction in corruption and improved transparency are vital for creating a more favorable business environment, attracting foreign investment, and fostering long-term economic growth.

Together, these initiatives position Iraq on a path toward a more diversified, resilient, and prosperous economy, marking the beginning of what could indeed be a "golden era" of development. These changes signal that Iraq is actively working to transform its economic landscape, addressing challenges, and seizing new opportunities for growth and stability.