TIDBIT FROM BRUCE, 15 DEC

 Bruce  

 [via WiserNow]   We did hear that the Iraqi Dinar is trading and is in a trading range 4.00 to 4.20 in Iraq as an in country rate now... 

Now our rates at the redemption Center are totally different and much higher...our contract rate on the dinar in the redemption center only...

Now, what we have heard most recently...because things have changed...my Intel has changed, but what we're hearing is that we are going to have an amazing weekend...The most recent information is that all the releases would be on Saturday...so I'm looking at our day to get notified...

on Saturday. So the main thing is, half of this battle is getting the numbers, setting our appointments and then It's a done deal – we’re able to move forward with our exchanges as soon as we can...We're hearing we're going to have a super fantastic weekend...

REINALDO JC:THE BLUEPRINT OF DR. SHABIBI IS THE END OF THE CURRENCY AUCTIONS @DINARREVALUATION #iqd

 

To discuss the budget and salaries of Kurdistan.. A delegation from the regional government arrives in Baghdad, 15 DEC

 To discuss the budget and salaries of Kurdistan.. A delegation from the regional government arrives in Baghdad

A high-level delegation from the Kurdistan Regional Government arrived this morning, Sunday.KurdistantoCapital BaghdadTo discuss a number of files, most notably the budget and salaries of the region’s employees.

The spokesman wasMinistry of FinanceThe Minister of Economy in the Kurdistan Regional Government, Honar Jamal, confirmed yesterday, Saturday, that the Minister of Finance and Economy in the Regional Government, Awat Sheikh Janab, will head the government delegation.

He explained that "the delegation will meet with the Federal Minister of Finance, Taif Sami, to discuss the issue of salaries of the region's employees for the months of October, November and December of 2024, in addition to discussing amending the federal budget and the region's share in the 2025 budget." link

DINAR REVALUATION UPDATE: We are witnessing a paradigm shift, 15 DEC

 DINAR REVALUATION UPDATE

There is a lot of news on dollar auctions and currency manipulation today as we are nearing the end of them. They are trying to root out the corrupt elements to the maximum possible extent before they look to RV.

Though only 5 banks are having correspondent bank tieup in USA ,lot of other banks have time ups to deal in yuan,rupees,dirham and euro.

it will take a little more time for them to get used to the new dynamic,once the auctions stop .

Iraq is at the cusp of overhauling the dollar trade practices from the 2 decade long practice to a new and more efficient way.

The 2 decades of dollar smuggling could not be arrested even with the electronic platform which resulted in the theft of the century.

We are witnessing a paradigm shift.lets hope the the new practice will bring peace, prosperity and harmony to the Iraqi people. Again I don't know the rate or time of RV.just posting my thoughts.

FIREFLY: THE CBI SAY :" WE DON'T NEED THOSE AUCTIONS MORE" @DINARREVALUATION #iraqidinar

 

The Central Bank and the Securities Commission sign a joint memorandum of understanding to enhance cooperation, 15 DEC

 The Central Bank and the Securities Commission sign a joint memorandum of understanding to enhance cooperation

The Securities Commission announced today, Sunday, the signing of a joint memorandum of understanding with the Central Bank to enhance cooperation.

The Deputy Chairman of the Securities Commission, Nagham Hussein Ismail, said: “Based on the joint cooperation between government institutions, and in view of the desire of the Securities Commission and the Central Bank of Iraq to create a joint cooperative framework for both parties that contributes to achieving the goals of sustainable development in the banking sector, a memorandum of understanding was signed between the two parties.”

She added, "The signing of the agreement came to enhance cooperation between the two parties in the field of information related to shareholders, and to benefit from the electronic window of the shareholders' system approved by the Iraq Stock Exchange." link

TIDBIT FROM MARKZ, 15 DEC

 MarkZ 

  [via PDK]   in Iraq: “Central Bank governor opening foreign channels to foreign currencies eliminates the black market” they are talking about partnering with neighboring countries and carry more of a “basket of currencies” so they do not need the US dollar for trade. 

Including Jordan, Saudi Arabia, and different countries around them.

  They want to split the value of the Iraqi dinar based on gold, oil, reserves and a basket of partnering currencies. This should mean a much higher value for the Iraqi dinar. They are making “real world moves”  to support the value of their currency.