DINAR REVALUATION

Sunday, December 8, 2024

JON DOWLING: "Iraq’s HCL Oil &Gas law ITS READY TO GO TO THE GAZETTE @DINARREVALUATION #iraqidinar

The Governor Of The Central Bank Chairs A Meeting Of The Rafidain Bank Restructuring Project Committee, 8 DEC

The Governor Of The Central Bank Chairs A Meeting Of The Rafidain Bank Restructuring Project Committee

December 05, 2024 His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, chaired an expanded meeting to discuss the Rafidain Bank restructuring project.

While the committee for this project included

     Mr. Undersecretary of the Iraqi Ministry of Finance, Rebaz Muhammad Abdullah,
     officials of the Central Bank of Iraq, the
     State Advisor to the Prime Minister, the
     head of the World Bank mission in Iraq, and a
     representative of Rafidain Bank, as well as
     members of Ernst & Young as an expert auditor and consultant in the structuring process.

The Regional Director of the World Bank in Iraq, Mr. Emmanuel Salinas, explained the reality of working on this project, in which he presented the opportunities available within the banking work environment in Iraq and the mechanism for developing the structuring plan in its operational and financial aspects.

Meanwhile, Mr. Firas Kilani, an expert in the structuring project from Ernst & Young, explained that

the project has

     progressed very significantly since its start in September of 2024 and has
     currently reached 74%.

The next phase of the scope of work will be completed at the end of this month, and the
transition to the phase advanced in this project.

While His Excellency the Governor confirmed that the support of the Prime Minister of Iraq in this aspect positively accelerated the progress of the project, to reach important stages in the structuring and development process in the Rafidain Bank.

Central Bank of Iraq Media Office https://cbi.iq/news/view/2728

IRAQ STATUS UPDATE , 8 DEC

IRAQ STATUS UPDATE

Summary

Conflicting reports emerge about Iraq’s 2024 budget and the circulation of lower denomination dinar notes, emphasizing the need for verified information.

Highlights

💰 Budget Confusion: Mixed reports on Iraq’s 2024 budget status.
📜 HCL Anticipation: Hope for the Hydrocarbon Law’s appearance in the Gazette.
🔍 Lower Denominations Debate: Conflicting claims about new currency notes in circulation.
🏥 Ground-Level Insight: A surgeon’s observations challenge claims of lower denomination notes.
⚖️ Verification Importance: Highlights the need for credible sources in dinar speculation.
📉 Exchange Rate Changes: Recent fluctuations in the USD to IQD exchange rates reported.
⚠️ Caution Urged: Investors should be wary of unverified rumors regarding currency revaluation.

Key Insights

💡 Budget Uncertainty: The ongoing debate about the budget suggests potential delays in Iraq’s economic reforms. Investors should remain alert to official announcements.
🔗 HCL Significance: The Hydrocarbon Law’s inclusion in the budget could signal significant economic developments and stability in Iraq’s oil sector.
💵 Denomination Speculation: Claims about lower denomination notes not being widespread indicate that rumors can often overshadow the actual economic conditions.
🏥 Healthcare Perspective: Insights from healthcare professionals offer a unique view of currency circulation, underscoring the need for information from diverse sectors.
📊 Rumor Verification: The dinar community must prioritize fact-checking to prevent misinformation that could lead to misguided investment decisions.
📈 Market Rates: Fluctuating exchange rates illustrate the volatility of the Iraqi dinar, serving as a reminder for investors to monitor market trends closely.
🔍 Balanced Approach: A measured, evidence-based approach is essential when analyzing Iraq’s economic landscape and potential currency reforms.

MILITIAMAN: " THE FISCAL YEAR OF THE GOVERNMENT BANK ENDS AT THE END OF DECEMBER OF EACH YEAR"

Iraq Today Is More Secure, Stable And Open: UN Iraq, 8 DEC

Iraq Today Is More Secure, Stable And Open: UN Iraq

Iraq IraqiNews December 6, 2024 Baghdad (IraqiNews.com) – Iraq, which has so far escaped being drawn into the escalating Middle East conflict, has seen positive improvements in recent months, but
corruption and other challenges still exist, the country’s new UN Special Representative told the UN Security Council.

“Iraq today is more secure, stable and open, despite the many obstacles facing the country,” said Mohamed Al Hassan, Iraq’s new UN Special Representative.

Iraq “is capable of overcoming crises and facing challenges towards forging a more secure, bright, and hopeful future,”

“Today’s Iraq is not the same as the Iraq of 20 years ago, or even five years ago,” added Al Hassan.

Al Hassan praised Prime Minister Mohammed Shia Al-Sudani’s efforts on behalf of the Iraqi government particularly with regional conflicts in the Middle East.

“Iraq’s government has shown strong resolve to keep the country out of the widening regional conflict, while standing firm as a strong voice for regional peace and stability,” said Al Hassan.

Furthermore, the UN special representative commended Baghdad’s push for major infrastructure projects throughout the country, including building roads, bridges, schools and transportation networks. https://www.iraqinews.com/iraq/iraq-today-is-more-secure-stable-and-open-un-iraq/

FIREFLY: SUDANI CALLED BARZONI THE LEADER OF A CRIME FAMILY IN KURDISTAN, 8 DEC

Frank26

[Iraq boots-on-the-ground report]

FIREFLY:Sudani calling Barzoni the leader of a crime family in Kurdistan. Saying Kurds are playing dangerous games.

FRANK: It is sad that the evil politician of Kurdistan are playing this game.

There will always be cockroachs in every government nook and cranny...

This is their last attempt to stop his monetary and economic reforms.