ABU SNWE: " THE DOLLAR HAD DISAPPEARED" , 2 DEC

 ABU SNWE

Adding to this, an hour ago I was talking to one of my Iraqi followers He told me that the dollar had disappeared.

We now have high prices No one sells the dollar. This means There are two possibilities and no third The first possibility The second possibility We wait and see.

JON DOWLING: THIS DECEMBER WILL BE A MONTH TO REMEMBER @DINARREVALUATION #iraqidinar #iraqidinarinve

 

FRANK26: "IQD WANTS A RELATIONSHIP WITH THE USD... WITHOUT THE AUCTIONS.", 2 DEC

 KTFA

FRANK26: "IQD WANTS A RELATIONSHIP WITH THE USD... WITHOUT THE AUCTIONS."....F26

Al-Sudani: We have contact with Trump's team and they want to develop relations with us

 

11/28/2024
 

Baghdad / NINA /
 
Prime Minister Mohammed Shia al-Sudani stressed: "Iraq's relations with the United States are institutional according to the strategic framework agreement."
Al-Sudani said in an interview with the Spanish newspaper El Mundo: "We have communication with Trump's team and they want to develop relations with us."
Regarding Iraq's relations with Spain, he explained: "We are facing a distinguished stage in relations with Spain and there is a mutual desire to develop and advance them in all fields," adding: "Spain is part of the international coalition that helped us eliminate the terrorist ISIS, and based on our request, the mission of the international coalition will end within two years due to the lack of justification for its existence. "

He said: "There are Spanish companies in Iraq, especially in the railway and transportation sector, and we are keen to have more companies for their efficiency and experience in implementing projects. We will sign several memoranda of understanding with Spain and there is a financial ceiling of 200 million euros to one billion euros to cover projects implemented by the Iraqi and Spanish private sectors."

He pointed out that a railway project worth 250 million dollars was referred to a Spanish company, and negotiations are underway with another Spanish company on a high-speed train project between the governorates of Najaf and Karbala.

Regarding the situation in Iraq, Al-Sudani said: "The capabilities of our security services have reached an advanced stage and there is political stability that has been reflected in the general situation of the country."

Regarding the ceasefire in Lebanon, the Prime Minister described the agreement as an important event, expressing his hope that it will include the Gaza Strip to reflect on the stability of the region.

He continued: "Our laws stipulate non-recognition of the Zionist entity, and the Palestinians are the owners of the land and the cause, and they are the ones who decide the formula for the solution to their cause."

LINK

DINAR REVALUATION UPDATE, 2 DEC

 DINAR REVALUATION UPDATE

Summary

Iraqi Dinar holders are optimistic as legislative reforms advance, and potential redemption centers may offer higher exchange rates, signaling economic growth.

Highlights

• 🚀 Legislative Reforms: Iraq’s Parliament could pass key laws enhancing economic stability.
• 💱 Higher Exchange Rates: Redemption centers may provide better rates than traditional banks.
• 📈 Exclusive Contracts: Investors might access special contract rates for currency exchange.
• 🌍 Forex Inclusion: Listing the dinar on the Forex market could boost global visibility and liquidity.
• 💼 Foreign Investment: Integration into the global financial system would attract investment and create jobs.
• ⚠️ Caution Advised: Investors should be wary of scams and verify redemption centers’ legitimacy.
• 🌟 Future Outlook: Government initiatives signal a commitment to economic stability and improved citizens’ quality of life.

Key Insights

• 📊 Economic Reforms: The potential passage of the personal status and hydrocarbon laws indicates significant progress in Iraq’s economic reform agenda, crucial for the dinar’s value.
• 💰 Redemption Centers: These facilities may revolutionize currency exchange for dinar holders, providing personalized services and potentially favorable rates.
• 🌐 Forex Market Impact: Inclusion in the Forex market would elevate the dinar’s status, making it more attractive to international traders and investors.
• 📈 Increased Liquidity: Being part of the global financial system would enhance the dinar’s liquidity, facilitating easier trading and investment opportunities.
• 🚧 Risk Awareness: Currency holders must remain vigilant against scams and conduct thorough research before engaging with redemption centers.
• 🌱 Economic Growth Potential: The government’s focus on rebuilding financial systems signals a positive trajectory for Iraq’s economy and its citizens.
• 🏆 Historic Moment: Current developments represent a pivotal time for dinar investors, requiring strategic planning to maximize potential rewards.

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

 

Between Rapid Growth And Stagnation...An Economic Analysis Of Electronic Payment Numbers In Iraq, 2 DEC

 Between Rapid Growth And Stagnation...An Economic Analysis Of Electronic Payment Numbers In Iraq

 
Economy ​ 11-29-2024, 15:32 |Baghdad today – Baghdad  Economist Manar Al-Obaidi confirmed today, Friday (November 29, 2024), that
 
electronic payments have increased this year according to Central Bank data, suggesting that
 
local electronic transactions will likely reach 21 trillion dinars. Al-Obaidi said in a post on Facebook, followed by Baghdad Today, that
 
“electronic payments rose in 2024 according to Central Bank data,” noting that
 
“it is expected to reach 21 trillion dinars in local electronic transactions and that the volume of foreign electronic transactions will reach Iraqi cards cost between 15 and 20 trillion annually in the same year.”

He added, "The total internal and external electronic payments will reach between 30 to 40 trillion dinars.
 
In contrast, there is a decrease in the size of current deposits from 107 trillion at the end of 2023 to 102 trillion in 2024," pointing out that
 
"there is a decrease in the size of private sector deposits (including citizens)." From 56.55 trillion dinars in 2023 to 56.17 trillion in 2024".

He continued,  "The value of cash in the banking sector reached 8.1 dinars for every 100 dinars exported in 2024 only, compared to 6.75 dinars for every 100 dinars exported in 2023," stressing that
 
"if all electronic payment incentives cannot increase the volume of current and private deposits in the banking sector and cannot... “As the monetary supply within the banking sector increases significantly, what is the benefit achieved by electronic payments?” Al-Obaidi wondered,
 
 “Why, despite the increase in payments, the citizen’s confidence in the banking sector has not increased, and he still puts in his bank account what covers electronic payments that he cannot pay exclusively with cash, specifically government ones?
 
Is there a need to increase mechanisms to
 
     stimulate electronic payment to increase electronic transactions, or is it a necessity to work?” To
 
     increase confidence in the banking sector, and then electronic payment will be one of the outcomes of increasing this confidence?    https://baghdadtoday.news/262956-بين-النمو-المتسارع-والركود.-تحليل-اقتصادي-لأرقام-المدفوعات-الإلكترونية-في-العراق.html   

SANDY INGRAM CC HIGHLIGHTS NOTES, 2 DEC

 SANDY INGRAM CC HIGHLIGHTS NOTES

Summary

Trump warns BRICS nations not to challenge the US dollar, asserting that any attempt will lead to severe consequences, including tariffs.

Highlights

• 🚨 Trump issues a fiery warning on social media regarding BRICS.
• 💵 Claims the US dollar is irreplaceable in global trade.
• 💥 Threatens a 100% tariff on countries moving away from the dollar.
• 📈 BRICS nations are urged to abandon currency alternatives.
• 🏦 Iraq holds over $100 billion in US reserves, complicating the situation.
• ❌ Any nation trying to replace the dollar faces dire consequences.
• 📢 Trump’s message echoes a strong stance against economic rivals.

Key Insights

• 🌍 Global Economic Power Dynamics: Trump’s warning underscores the dominance of the US dollar in international trade and the geopolitical implications of any alternative currency attempts.
• 🔒 Economic Security: The threat of tariffs serves as a powerful deterrent, reinforcing the idea that economic relations are tied to loyalty to the dollar.
• 📊 BRICS Response: The BRICS countries face a challenging decision: pursue economic independence or risk severe economic backlash from the US.
• 📉 Iraq’s Financial Position: Iraq’s significant reserves in US banks highlight the complexities for nations caught between BRICS ambitions and US economic hegemony.
• ⚠️ Potential Economic Fallout: Trump’s aggressive stance suggests that any shift away from the dollar could destabilize international markets and economic relations.
• 🔥 Rhetorical Strategy: By framing the message dramatically, Trump aims to rally support and instill fear in potential challengers, showcasing the high stakes of global currency competition.
• 📅 Future of Global Trade: This warning sets the stage for future discussions on currency, trade partnerships, and the potential for a reshaping of global economic alliances.