Thursday, December 19, 2024

JON DOWLING: We are 3-7 days away from glory! @DINARREVALUATION #iraqidinar #iraqidinarinvestor

FRANK26: "SUDANI WANTS NO CONFUSION FOR THE NEW EXCHANGE RATE", 20 DEC

KTFA

FRANK26: "SUDANI WANTS NO CONFUSION FOR THE NEW EXCHANGE RATE".....F26

Central Bank of Iraq announces launch of citizens’ complaints management platform

December 17, 2024

The Central Bank of Iraq revealed the launch of an electronic platform to receive, process and resolve complaints submitted by the public, indicating its keenness to respond quickly to their complaints.

The Central Bank of Iraq confirmed that the launch of the "Citizens Complaints Management" platform comes in line with the bank's tireless efforts in the digital transformation process to receive complaints submitted by the public, regarding their dealings with the banking sector, providing services, reporting negative cases, and enhancing the supervisory role of this bank.
The Central Bank of Iraq alerted the public to the possibility of submitting complaints, starting from Sunday, January 5, 2025, through the bank's official website in the complaints platform window, or through the government's Ur platform, or the following electronic link:
https://complaint.app.cbi.iq/

Central Bank of Iraq
Media Office
December 17, 2024
.
https://cbi.iq/news/view/2738

DINAR REVALUATION REPORT: If they start transfers in other currencies they should be IMF article 8 compliant, 20 DEC

IRAQ MUST BE IMF ARTICLE 8 COMPLIANT!!

In Jordanian Dinar and Saudi Riyal..Iraq expands foreign transfers with new currencies.

Read the highlighted part at the end it is in pastance hence the electronic transfer is almost done.

If they start transfers in other currencies they should be IMF article 8 compliant.

This is the most important news item today.

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Iraq expands foreign transfer channels, adding new currencies
Shafaq News/ On Thursday, the Central Bank of Iraq (CBI) announced the expansion of external transfer channels for local banks, adding the Jordanian dinar and Saudi riyal alongside the US dollar.
The CBI announced that Iraqi banks can now finance trade with Turkiye in euros, previously limited to EU countries, along with transfers in US dollars, UAE dirhams, Chinese yuan, and Indian rupees. “This step is part of the bank's efforts to expand foreign trade financing options with various currencies and channels, and it has already started taking the necessary actions to meet banks' demands for these currencies” it explained.

Moreover, the bank noted that the expansion of external transfer channels will offer transactions at the official exchange rate, streamline transfers, involve more banks in foreign exchange, and strengthen Iraq’s economic ties with other countries. 
“This aligns with the bank’s efforts to meet the growing demand for foreign currencies based on Iraq's trade relations.

”

"In 2024, the CBI smoothly transitioned from the electronic platform to directly accredited correspondent banks, achieving a significant shift in line with international banking practices, which has been widely praised,” it confirmed.

FIREFLY: "Mr. Sammy your boss is obligated to raise the value of your currency" @DINARREVALUATION

The Central Bank Expands External Transfer In New Currencies , 20 DEC

The Central Bank Expands External Transfer In New Currencies

Thursday 19, December 2024 11:24 | Economical     Number of readings: 81 Baghdad / NINA / The Central Bank of Iraq announced the expansion of external transfer channels for local banks,
to include new currencies: the

     Jordanian dinar and the
     Saudi riyal, and to
     allow Iraqi banks to finance trade with Turkey in the euro, after it was limited to use with European Union countries, in addition to transfers available in currencies.

     US dollar,
     UAE dirham,
     Chinese yuan and
     Indian rupee.
;
The bank explained in a statement:
“This step comes as part of its efforts to expand options for financing foreign trade in various currencies and channels,” indicating that it has begun taking the necessary measures to meet banks’ requests in these currencies. He pointed out:

“This expansion of external transfer channels
     provides transfer operations at the official rate, and
     aims to streamline the transfer and
     involve a larger number of banks in external transfer operations, and
     expand the horizons of economic cooperation between Iraq and other countries,

especially in light of the bank’s endeavor to find other channels to meet the volume of The demand for various foreign currencies according to Iraq’s dealings with those countries.” / End 3

https://ninanews.com/Website/News/Details?key=1175491

ARIEL: RV UPDATE : IQD Revaluation: What Deleting 3 Zeros Really Means for Your 100K

ARIEL

These are the 3 zeroes on the exchange rate they will be deleting. 

Which will make 0.00076/0.76. 

Not the currency. 

Which means if you have 100k once it goes international you would gain only 0.76/76,000 USD/ROI. 

So imagine the other examples of 1:1 or higher?

With that said. You have to keep in mind the inflation aspect. In order for Iraq to have a competitive currency they would have to come out with a much higher exchange rate than 1:1 or 1:7 . 

If the exchange rate reaches 1:16 (1 IQD = 16 USD), this implies the IQD has not only regained its historical purchasing power but exceeds it.

For context: 100,000 IQD = $1.6 million USD at 1:16.

Such a rate is unlikely unless Iraq’s economy experiences a massive oil boom, global investment inflow, and complete stabilization.

Now what has Iraq just done with oil?

How many companies are now pouring into Iraq?

Once the RLUSD reaches 1:1 wouldn't that be stabilization? Think about that. 

Now imagine those who have 1-3 million IQD.

DINAR REVALUATION

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