Tuesday, December 17, 2024

JON DOWLING: RV UPDATE, 17 DEC

Jon Dowling

 Iraq has completed their reforms and under article 77, all the budget provisions for oil revenues, salaries AND EXCHABGE RATES are covered. 

It started tomorrow the 17th, through Monday the 23rd.

 Additionally, the Rafidian bank has collected more than 5 Trillion Dinars electronically. This means the corruption is being leaked and the currency auction theft is coming to an end! 

China Taiwan continues with Taiwan receiving the first batch of US made Abrams tanks. Israel is going hard after the Tartus province, so clearly they're not messing around. 


Finally, XRP's RLUSD stablecoin officially launches tomorrow the 17th! What a "coincidence"! the same time that Iraq is kicking into high gear. 


Like we said many times before: Oh Christmas, I shall make them happy- Kim Clement. Folks, it starts NOW, not next year!👀👀👀🙏✅

NADER FROM MID EAST:THE SPIKE ON FOREX: THE IQD LOST it's zero and it's .0014 instead of .0076

 


93% Of The Central Bank Of Iraq’s Dollar Sales Are Foreign Transfers , 17 DEC

93% Of The Central Bank Of Iraq’s Dollar Sales Are Foreign Transfers

2024-12-16 Shafaq News/ Foreign remittances in the sales of the Central Bank of Iraq, on Monday, reached 93% in the currency auction in which 15 banks participated.

Shafaq News Agency correspondent reported that the bank sold in its auction today 295 million, 465 thousand, and 923 dollars, covering it at a basic exchange rate of 1310 dinars per dollar for documentary credits and international settlements for electronic cards, and at a rate of 1310 dinars per dollar for foreign transfers, and at a rate of 1305 dinars per dollar in cash.

He added that most of the dollar sales went to boost balances abroad in the form of remittances and credits, which amounted to $277 million, 665 thousand, and 923, an increase of 93% over cash sales amounting to $17 million, 600 thousand.

Our correspondent pointed out that only one bank purchased cash dollars, while the number of banks that met requests to enhance balances abroad was 14 banks, and the total number of exchange companies participating in the auction was 24 companies .   LINK 

AWAKE IN 3D: Could the IQD revalue to that level?, 17 DEC

 AWAKE IN 3D: I’ve been reflecting in a recent conversation thread taking place on the Awake In 3D Q&A comments room attached to this channel. 


The discussion is around expectations for ROI (return on investment) ratios - like silver for example. 


What I realized was the damage inflicted on the GCR Land community from years of constant guru Hopium for stratospheric financial gains from GCR currencies like the IQD and VND. 


We’re talking about ROIs in 100,000’s percent gain… 


For instance, the IQD is currently at $0.00076 dollars per one IQD. If the IQD revalues to $3.00, it represents an ROI of about 395,000%.  


Yes, that’s three hundred and ninety five thousand percent. 


Because that level of ROI has been so deeply ingrained in the mindset of the GCR land community, to me it appears as if all sense of reality has “left the building” like Elvis Presley. 


Could the IQD revalue to that level? I suppose it’s possible yet most don’t realize the affect that a redenomination (removing 3 zeros) of the IQD would have. 


For over 14 years, this has been the expectation - realistic or not. 


Yet it occurs to me that over the course of those 14 years, one could have made other investments all along the way  - starting with just a small amount of capital. Even just $100.


Given the way the stock market has appreciated, along with gold and certain high profile cryptocurrencies, overtime that small hundred dollar investment could have appreciated substantially if one took an ROI of two or three and simply reinvested the gains into other investments for additional ROI’s.


By following this prudent investment path, the reinvested and compounded returns over the years would have reaped incredible returns upon until today.


Or starting a small business. It’s not complicated really. 


Yet very few have done this. 


The Hopium-fueled promise of “any time now” GCR/RV wealth has created mass stagnation in many at best, and allowed sharks who prey on the desperate to take maximum advantage at worst. 


The GCR/RV is a substantial opportunity and why I am still here after all these years. 


Yet over my 14 years involvement I have heard countless stories from folks that break my heart. 


No one knows how the GCR/RV will play out in the final chapter. Anyone saying they do know is spreading Hopium recklessly to the detriment of the greater good of this beloved community I’ve come to know. 


Please be wise and avoid hopeless stagnation. Many successful people have lost everything and rebuilt wealth one step at a time. Their stories are everywhere if one looks. 


These successful folks are no different than you or I. They learned from their loss and came back stronger than before. I am a living example of this. 


All it takes is believing in oneself and never giving up. 


Financial success doesn’t come instantly, but it does come one small step at a time. 


It’s never too late to start the process. 


Believe in yourself! You are the one you’ve been waiting for. 


NADER FROM MID EAST: They been talking about the exchange rate every day ‪@DINARREVALUATION‬

 


Securities And Exchange Authority Discusses The Mechanism For Entering The Digital Exchange Platform Of The Abu Dhabi Market, 17 DEC

 Securities And Exchange Authority Discusses The Mechanism For Entering The Digital Exchange Platform Of The Abu Dhabi Market

Money and business   Economy News – Baghdad  Today, Monday, the Securities and Exchange Authority discussed with the Abu Dhabi Market the signing of a joint cooperation agreement to exchange expertise, while discussing the mechanism for entering the market’s digital exchange platform.

A statement by the Authority received by "Al-Eqtisad News" stated that "the Chairman of the Iraqi Securities Commission, Faisal Al-Haimus, met during an official visit to Abu Dhabi, the CEO of the Abu Dhabi Securities Market Group, Abdullah Salem Al-Naimi, where they discussed ways to enhance cooperation between the Iraq Stock Exchange and the Abu Dhabi Securities Market, and focused on signing a joint cooperation agreement aimed at exchanging expertise and developing work mechanisms in the financial markets."

He added, "The mechanism for the Iraq Stock Exchange to enter the digital exchange platform launched by the Abu Dhabi Securities Exchange in 2022 was discussed, as the exchange platform is the first digital exchange center in the region based on the mutual market access model, which currently includes 8 participating financial markets."

Al-Haimas stressed the "importance of this cooperation in enhancing the role of the Iraq Stock Exchange at the regional level, as well as in developing the investment environment in Iraq."

For his part, Al Nuaimi expressed “the Abu Dhabi Securities Exchange’s readiness to support this initiative,” noting that “cooperation with the Iraqi Authority will enhance the exchange of knowledge and expertise between regional financial markets, and enhance the role of financial markets in economic growth.”

He added, "We at the Abu Dhabi Securities Market believe in the strength of cooperation between financial markets, and we look forward to achieving joint successes with the Iraqi Securities Commission, which will contribute to developing financial markets and enhancing investment in the region."

It is noteworthy that Al-Haimas participated in the Middle East Investor Relations Association (MEIRA) Annual Conference for the year 2024, which was held in the UAE capital, Abu Dhabi, in partnership with the Abu Dhabi Securities Exchange.

The conference was attended by more than 800 leaders and experts, including representatives of 150 issuers from the GCC and Middle East countries, 33 financial markets, in addition to more than 150 participants in local and international financial markets.

The conference also provided a unique platform for exchanging insights and ideas among more than 80 experts from around the world, who discussed important issues affecting capital markets, such as the growth of GCC markets, the role of artificial intelligence in investor relations, and the integration of environmental, social and governance criteria into Islamic finance.

This joint cooperation between the Iraqi Securities Commission and the Abu Dhabi Securities Market reflects Iraq’s commitment to developing the investment environment and enhancing the role of financial markets in supporting regional economic growth.

56 views 12/16/2024 - https://economy-news.net/content.php?id=50944

WALKINGSTICK: " The auctions were for the purpose to maintain the exchange rate of the Iraqi dinar" , 17 DEC

 Walkingstick 

 The auctions were for the purpose to maintain the exchange rate of the Iraqi dinar.  For no other reason, period, end of story.

  So there will be no more foreign currency?  No more USD?  

Then what else are they going to use?

  The lower notes.

NADER FROM MID EAST: I FEEL IT'S VERY VERY CLOSE!!!, 24 DEC

  Nader From The Mid East    I feel it's very very, we are very very very very close .  Very close.    Like very close guys.    I feel l...