DINARLAND UPDATE HIGHLIGHTS, 5 DEC

 DINARLAND UPDATE HIGHLIGHTS

Summary

Iraq’s monetary position is strong, with lower denominations being released, signaling potential revaluation and changes in currency dynamics.

Highlights

• 💰 Claire reports Iraq’s monetary position is excellent with strong foreign reserves.
• 📉 Mark Z notes lower denominations like 250 and 500 dinar are now circulating but are currently devalued.
• 🚀 Speculation rises as the release of new notes may indicate imminent currency revaluation.
• 🌍 Sandy Ingram warns travelers about the dangers of visiting Iraq, emphasizing safety concerns.
• ✈️ Nater suggests making exchanges outside of Iraq for safety and convenience.
• 🏦 Frank 26 expresses readiness to exchange dinar at a favorable rate due to age considerations.
• 📲 The Private Iraqi Banks Association is pushing for electronic payments, reducing smaller notes in circulation.

Key Insights

• 🇮🇶 Iraq’s economic stability is supported by a robust foreign reserve, enhancing confidence in the Central Bank’s ability to manage currency valuation. This distinguishes it from regional counterparts.
• 🔄 The circulation of lower denomination notes hints at potential currency revaluation, as a shift in value could drastically change their purchasing power and promote economic activity.
• ⚠️ Travel warnings highlight significant risks in Iraq, suggesting that potential investors or travelers carefully consider their safety and the real implications of visiting.
• 🏖️ Exchanging currency outside Iraq may be a safer and more practical choice for those looking to capitalize on potential changes in currency value.
• 🎉 Age influences investment decisions; older investors may prefer immediate gains over waiting for higher valuations, indicating varied strategies among dinar holders based on personal circumstances.
• 💳 The movement towards electronic payment systems signifies a modernization of Iraq’s financial infrastructure, likely leading to a decrease in cash dependency and enhancing transaction security.
• 📈 The focus on removing smaller notes from circulation aligns with global trends of digitalization, potentially stabilizing the currency and improving overall economic conditions in Iraq.

MILITIAMAN CC HIGHLIGHTS!! @DINARREVALUATION #iraqidinar #iraqidinarinve...

Parliamentary Finance: Satisfaction and optimism about the government program’s achievement rate, 5 DEC

Parliamentary Finance: Satisfaction and optimism about the government program’s achievement rate

Baghdad-INA 
Parliamentary Finance Committee member, Moeen Al-Kadhimi, confirmed today, Wednesday, that there is satisfaction and optimism about the government program and the percentage of achievement achieved from it, indicating that the House of Representatives is in the process of approving the amendment of Article 12 of the Budget Law during the current legislative session.
 
Al-Kadhimi said in a statement to Al-Iraqiya News, followed by the Iraqi News Agency (INA): that "Prime Minister Muhammad Shia Al-Sudani discussed 4 axes with the legislative authority," explaining that "the first axis included the security situation in Syria and its repercussions on Iraq and the preparations of the Ministry of Defense, the Ministry of Interior and the Popular Mobilization Forces to secure the borders with Syria."


He added that "the Prime Minister presented the Iraqi political initiative to bring together the conflicting parties in Baghdad."
  "The second axis that the Prime Minister raised in Parliament is amending Article 12 of the Budget Law, which concerns the resumption of oil exports from the Kurdistan Region at a rate of 400,000 barrels per day," noting that "the third axis addressed the ministerial amendment of 6 ministries," explaining that "the reasons for not implementing the amendment are the difference in views with the political blocs."


Al-Kadhimi added in his speech that "the fourth axis included the government program and the percentage of achievement it presented to meet the aspirations of citizens," stressing that "there is satisfaction, optimism and an improvement in conditions for the better."


Al-Kadhimi indicated that "the few days remaining in the life of the legislative session of Parliament can be used to ratify the budget law - Article 12 - amended by the government and submitted to Parliament," explaining that "the remaining draft laws will be postponed to the next legislative session due to the lack of time to discuss the controversial and disputed laws."

🇻🇳 Vietnam Treasury sells 1 Trillion Dong, & EXPLANATION , 5 DEC

  Vietnam Treasury sells 1 Trillion Dong

Vietnam Dong RV! ‍ Iraq, Vietnam, Ripple (XRP) and others are ready for the flip of the switch! Here's an explanation: When the Vietnam Treasury sells 1 trillion dong, it generally refers to the issuance of government bonds or similar financial instruments to raise capital. Here's what this action typically indicates: Debt Financing: The sale of 1 trillion dong by the Vietnam Treasury means they are issuing debt in the form of bonds or securities to investors. This is a method for the government to finance its spending, which could include infrastructure projects, public services, or to manage budget deficits. Economic Management: Selling bonds can be part of broader fiscal or monetary policy. It might aim to control money supply, influence interest rates, or manage inflation. By absorbing liquidity from the market, it can help in controlling inflationary pressures. Liquidity and Market Influence: The act of selling bonds can influence liquidity in the financial system. When the Treasury sells bonds, it effectively removes money from circulation since investors pay in cash for these bonds. This can be used as a tool to manage economic stability or to fund government operations without directly increasing the money supply. Investment and Confidence: The sale of government bonds can also be an indicator of investor confidence in Vietnam's economy. If the bonds are sold at a good yield or if there's a high demand, it suggests that investors trust in the government's ability to repay the debt and are willing to invest in Vietnamese securities. Exchange Rate Implications: Depending on the currency the bonds are sold in (if they're in dong or another currency), it can affect the exchange rate. Selling bonds in the local currency can strengthen the dong if it's done to absorb excess liquidity. However, if the sale is part of a broader strategy involving foreign exchange, it might have different implications on the exchange rate. Signaling Economic Strategy: This action can signal the government's economic strategy, whether it's focusing on growth through infrastructure, managing public debt levels, or responding to economic conditions like inflation or currency stability. Based on the context from both web results and X posts: Web Results: Articles from 2008 and more recent ones show that such bond sales are part of regular government financing activities, often aimed at funding infrastructure or managing economic indicators like inflation or currency value. X Posts: Recent posts on X have highlighted this sale as part of Vietnam's monetary policy, potentially pointing to concerns about currency instability or inflation management. In summary, the sale of 1 trillion dong by Vietnam's Treasury could mean the government is actively managing national debt, aiming to fund public projects, or addressing economic stability concerns by influencing market liquidity or investor confidence.

FIREFLY: "WE HAVE TO SEE A NEW RATE WHEN CAME THE STOP OF CURRENCY AUCTION" @DINARREVALUATION

 

PM reviews a summary of the government program and its implementation rates in Parliament, 4 dec

 PM reviews a summary of the government program and its implementation rates in Parliament

Baghdad-INA  
Prime Minister Mohammed Shia Al-Sudani reviewed, today, Wednesday, in the House of Representatives session, a summary of the government program and its implementation rates. 
 
The Prime Minister's media office said in a brief statement received by the Iraqi News Agency (INA): that "Prime Minister Mohammed Shia Al-Sudani reviewed, in the House of Representatives session, a summary of the government program and its implementation rates, and the achieved targets of government priorities."

MAJEED: They have to open 2025 budget to pay their salaries, 4 DEC

 MAJEED

Kurdistan employees demonstrate at the UN gate in Erbil to demand salaries Enough is enough Yesterday Kurdistan citizens who worked for BP British oil company went on a strike Demanding salaries If Iraq did not pay them, BP company will lose millions every day Which will cause BP British company to take it out on the Iraqi government for not paying these ppl salaries, causing them to go on a strike If it keeps going anymore BP company might end the deal with Iraq They have to open 2025 budget to pay their salaries FYI, Kurdistan workers have not got paid since the beginning of October