DINAR REVALUATION

Sunday, December 15, 2024

Walkingstick: " There will be purchasing power" @DINARREVALUATION #iraqidinar #iraqidinarinvestor

Due to power outage, the dollar market and banks close their doors in Sulaymaniyah, 15 DEC

Due to power outage, the dollar market and banks close their doors in Sulaymaniyah

A local source confirmed, today, Sunday (December 15, 2024), that the "dollar market" and banks in Sulaymaniyah Governorate closed their doors due to a power outage.

The source said in an interview with " Baghdad Today " that "the buying and selling operations and money trading in the dollar market have almost completely stopped and the market in Sulaymaniyah has been closed, and the banks have also been closed due to the power outage."

National electricity has been cut off throughout Sulaymaniyah since this morning.

The Director General of Sulaymaniyah Electricity, Anwar Hama Saeed, said in a press statement followed by " Baghdad Today" that "electricity has been cut off in all parts of Sulaymaniyah since four o'clock in the morning today."

The concerned authorities have not yet announced the reasons for the power outage. link

EXCERPTS FROM MNT GOAT: "COINCIDENTAL?", 15 DEC

EXCERPTS FROM MNT GOAT

Why did the CBI decide to wait until the end of their fiscal year to do it? Hint,,,, Hint,,,, could it be under the direction of Dr Shabibi they also told us the most opportune time to conduct a substantial revaluation is at the beginning of a fiscal year?

Their fiscal year begins January 1^st.

Just saying. We have to put the pieces together to see why they are doing what they are doing.

Also I then back up with my conversation I had just yesterday with my CBI contact that told me her committee to switch out the notes still intends to go forward with the process of deleting the zeros at this same time period also. Coincidental?

MARKZ: MY IRAQIS CONTACTS RECEIVED : they have a lot more money than they had and are in Silence!!!

Parliamentary Finance Committee reveals the impact of the delay in 2025 schedules on salaries and projects, 15 DEC

Parliamentary Finance Committee reveals the impact of the delay in 2025 schedules on salaries and projects

The Parliamentary Finance Committee revealed, today, Sunday, the extent of the impact of the delay in the 2025 budget schedules on projects and salaries for the next year.

Committee member Mustafa Al-Karawi said, “The budget is a three-year budget, so its texts are ongoing, except for the tables, which are revised and amended according to the actual spending and expenditure,” noting that “the projects that operate in arms and are ongoing will continue their work.”

He explained that "the current ongoing projects will remain, and salaries will continue for next year, even if the approval of the 2025 schedules is delayed," adding that "the new inclusion of new projects will be suspended until the schedules are approved, because a new project cannot be included, and spending will continue on the 2024 schedules, until the new schedules are approved, and then new projects can be included."

Expectations indicate that the 2025 schedules will be delayed for a long time, because the parliament’s legislative recess will not end until January 9th of next year, 2025.

The schedules will also remain suspended until the completion of amending the budget law, specifically paragraph 12 related to the Kurdistan region, which faces severe disagreements, which will lead to obstructing the amendment of the budget or approving the schedules. link

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...