DINARLAND UPDATE, 4 DEC

 DINARLAND UPDATE

Summary

Dinar Guru updates discuss Trump’s warnings on BRICS, Iraq’s currency reserves, exchange options, and financial inclusion growth.

Highlights

• 🇺🇸 Trump warns BRICS nations about U.S. dominance.
• 💵 Iraq holds over $100 billion in foreign reserves.
• 🏦 Credit Union exchange options available for Dinar.
• 🚫 No redemption centers or special rates for Dinar exchange.
• 📈 Central Bank reports $285 million in dollar sales.
• 🌍 World Bank expects Iraq to adjust its exchange rate.
• 🏦 Iraq sees a rise in bank accounts to over 14 million.

Key Insights

• 🌐 Trump’s statement highlights the U.S.'s assertive stance against BRICS, emphasizing its ongoing economic influence. This could affect global trading dynamics and currency valuations.
• 💰 Iraq’s substantial foreign currency reserves indicate strong financial backing, suggesting potential for economic stability and growth despite external pressures.
• 🏦 With Credit Union options for cashing in Dinar, investors have accessible avenues for currency exchange, although fees apply, making it essential to compare services.
• 🚫 Pimp’s comments clarify misconceptions about redemption centers, assuring that direct bank exchanges are the only method once restrictions lift, debunking prevalent myths.
• 📊 The Central Bank’s dollar sales reflect active management of currency flow, aiming to stabilize and increase the Dinar’s value in the market.
• ⚖️ The World Bank’s caution indicates that Iraq’s integration into the global economy could lead to significant changes in currency valuation, necessitating careful management.
• 📈 The increase in bank accounts signifies growing financial inclusion and trust in the banking system, pivotal for economic development and digital governance in Iraq.

MNT GOAT: IRAQ IS NOW SERIOUS ABOUT MOVING AHEAD @DINARREVALUATION

Coffee with MarkZ and Jason from Glint Andy Schectman. 12/04/2024

Coffee with MarkZ and Jason from Glint and Andy Schectman. 12/04/2024

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good morning Mark Mods and everyone

Member: What do you all think about the rumor of it going by this weekend?

Member: Rumor? The dinar 3.89 on the ForeX

MZ: Dinar Recaps had an article yesterday highlighting the new lower denoms in Iraq with pictures….”Central Bank of Iraq is pleased to present the Iraqi banknotes in circulation” $250 notes are showing up in mass….and we are seeing more of the $50’s as well. The $250 notes are only worth .19 cents US right now. Why would they release these unless they were about to raise the value of their currency?

Member: Bruce said the same thing about the lower denom's showing up all over Iraq!

MZ: “Parliament finance moves to adjust retirement age in Iraq” they are moving it from age 60 to age 63.  

MZ: This is making news all over: “ The turning point: Iraq’s leap into the digital economy” they have completed the transition. They are only a point or two away from a total transformation of their system…..This article comes from the UN. . 

Member: Securities Commission: Iraq Stock Exchange Leads Arab Financial Markets...How is this possible at a program rate?

Member: Sounds like Iraq’s walking off BP site. Protesters massing for nonpayment.  

Member; did you all see that employees working for BP in Kurdistan are striking because they have not been paid in 3 months . They gotta get payed due to the contract they signed with BP

Member: Maybe these protests will make the Iraqi Gov. do something already….sheesh. 

MZ: Pretty quiet on the bond side and all sides including groups this morning. A lot of people had big expectations for overnight last night

MZ:  I am still waiting to hear something warm and fuzzy from my largest bond holder/facilitator.  He purchases for Central Banks and countries. 

Member: Word is a lot of NDAs have been signed and massive penalties for Violation of NDAs.

MZ: Yes……..A complete removal of all their money. 

Member: COPIED Bank story. Called bank yesterday. Senior banker told me….Can't say much but big news to his bank today and all he really can really say is that I can hold my breath….. I've been giddy all night

Member: Mark. do you anticipate anything before Trump is officially in office?

Member: I think private groups may go before….but general public goes after Jan 20th. 

Member: Good morning Mark….Trump made a comment we would be all on same level playing field with currency ……would that mean all the currency would have to go at once?

Member: BREAKING: Nationwide blackout hits Cuba

​​Member: Are we ever going to see the RV, it seems we are being constantly duped…even though it’s “so close” I and I believe many are losing faith.

Member: I say Get your clothes ready, go over your currencies. It’s about to pop!!

Member: I'm just praying it goes before Christmas

Member: Thanks to all for your valuable information. Have a great day today. 

Andy Shectman from Miles Franklin and Jason from Glint join the stream today. Please listen to the replay for their information and opinions 

Iraq Stock Exchange Index To Lead Arab Stock Markets In October 2024, 4 DEC

 Iraq Stock Exchange Index To Lead Arab Stock Markets In October 2024

Economy  | 02/12/2024  Mawazine News – Baghdad  The Arab Monetary Fund announced in its monthly report for October 2024 the distinguished performance of Arab financial markets, as the Iraq Stock Exchange topped the list of best performing markets during the month, recording a growth of 12.39%, ahead of the rest of the markets in the region.

According to the report, a copy of which was received by Mawazine News, "The Damascus Stock Exchange came in second place with a growth of 6.99%, while the Dubai and Amman stock exchanges witnessed an improvement of 1.94% and 1.35%, respectively. The Muscat, Bahrain and Kuwait stock exchanges also recorded slight increases of less than 1%."

In this context, the Chairman of the Securities Commission, Faisal Al-Haimus, stated: "This distinguished performance of the Iraq Stock Exchange reflects the positive developments in the local economic environment and the regulatory reforms implemented by the Commission to enhance the attractiveness of investment in the Iraqi financial market.

We will continue to work to provide a stable and transparent investment environment that enhances investor confidence and contributes to supporting the national economy."

Al-Haimas stressed that this achievement is an additional incentive to continue efforts aimed at developing the Iraqi financial market and enhancing its role as an engine of economic growth in Iraq.

https://www.mawazin.net/Details.aspx?jimare=257114

EXCERPTS FROM MNT GOAT, 4 DE

EXCERPTS FROM MNT GOAT

So, what is this dream of Al-Alaq? We read article after article years ago when Al-Alaq has told us he strongly supports the dinar of the past and will bring it back to its “glory days”.

 This is the ultimate goal of all these financial reforms and “pillars” Iraq keeps talking about. They are all just a means to the end. The end is the reinstatement, a by-product of all this hard work of financial reforms.

The Oil and Gas Law referendum is REQUIRED by the Iraqi constitution and they can not just disregard it, if they want to. They must pass the law in parliament.

MNT GOAT : the Project to Delete the Zeros is still set for late Decembe...

The Central Bank Completes The Exam To Grant The Certified Branch Manager Certificate, 4 DEC

 The Central Bank Completes The Exam To Grant The Certified Branch Manager Certificate

 
December 02, 2024   The Center for Banking Studies, one of the formations of the Central Bank of Iraq, has completed an international examination, the first of its kind, to obtain the Certified Branch Manager (CBM) certificate from the Professional Development Institute (PDI), which is affiliated with the Institute of Accountants and Accounting Assistants (IAB).
 
64 branch managers from government and private banks participated as an initial stage to grant them this certificate after they completed a qualification course that would help them pass the exam.
 
This certificate is considered one of the professional certificates that supports the banking sector and enhances the efficiency of branch managers and develops their skills.

The Director General of the Studies Center said:
 
This qualifying course, followed by the exam, will
 
     help participants develop the basic concepts and principles of banking branch management and
 
prepare them to be equipped with the basic skills that branch managers must have through developing administrative, behavioral and professional skills,
 
     skills for dealing with customers, and
 
     understanding and developing sales skills.
 
     Banking and resolving problems with customers according to best practices, as well as
 
     building an effective complaints system.
 
It is worth noting that such international examinations give importance to the Iraqi banking sector and prepare it to keep pace with modernity and rely on the professional certificates of its staff.
 
The Center for Banking Studies also seeks to provide professional certificates in addition to this certificate to develop the banking and financial sector in Iraq within its training plans.
    
    Central Bank of Iraq      Media office      December 1, 2024   https://cbi.iq/news/view/2725