HERNAN: THE IQD HAS BEEN RV'D IN THE COUNTRY AT $3.49 @DINARREVALUATION #iraqidinarinvestor

 

FRANK26: "WOW... EXPLAIN THIS... ONLY A NEW EXCHANGE RATE CAN" , 20 DEC

 KTFA

FRANK26: "WOW... EXPLAIN THIS... ONLY A NEW EXCHANGE RATE CAN".......F26

 

Government Advisor: Iraq is out of the dangers of external debt and will pay the remainder until 2028

12/18/2024

 

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, announced that Iraq has emerged from the dangers of external debt, and that it (Iraq) is a well-fortified country.

 

Saleh said in a press statement that: “After getting rid of the heavy burden of its debts, Iraq has transformed from a country indebted to others to a country that can be a creditor to others,” noting that “the country is called the ‘young creditor’ because it possesses a degree of youth in the economic aspect, which has raised its credit rating, despite the problems of the region.”

He added that "Iraq has gotten rid of the burden of external debts for the first time, which had shackled it economically," noting that "what remains of its debts to international parties constitutes less than (9) billion dollars that will be paid between now and the year (2028)."

Saleh explained that "debts are paid off through allocations in the federal general budget," noting that "the ratio of debts to the gross domestic product does not constitute a burden on the state, as it amounts to (5) percent of the gross domestic product."

He considered "Iraq a well-fortified country, in terms of external debts (in other words, it is outside the risks of external debts), which gives the country high credit at the present time," noting that "internal debts are confined within the (government banking) system."

LINK

ARIEL : Iraq Dinar Update (Important Read) , 20 DEC

 ARIEL

Iraq Dinar Update (Important Read)

#4 The Final Step

First Strategic Objective: Support and Enhance Monetary Stability

This strategic framework outlines four key sub-objectives with their corresponding initiatives to maintain monetary stability:

1. Stability of the General Level of Prices

– Issue medium or long-term securities capabilities
– Manage monetary policy rates in alignment with monetary stability and economic growth requirements
– Support and stimulate microfinance development
– Implement a comprehensive national lending strategy

2. Stability of Exchange Rates

– Transition from platform-based to correspondent bank systems for foreign remittance procedures

3. Manage Reserves According to Best Practices

– Diversify investment tools based on source
– Enhance and increase gold reserves

4. Improve the Quality and Structure of the Iraqi Currency

– Introduce new high-quality currency issues with reduced environmental impact
– Establish a dedicated currency examination laboratory
– Implement automation for cash operations, including counting and sorting functions

Do you see how close we are? What is the 1st thing they have to do in #4? Introduce a new currency correct? And they also stated that they want to complete this within 10 days which brings us to Christmas.

Everything started on December 15th. This is where the 10 days come from.

What does this mean for an foreign investor like Americans or other?

U.S. investors who purchased IQD at a fraction of its nominal value (e.g., 1 IQD = 1/100th of a U.S. cent) have effectively acquired significant amounts of IQD for very little USD.

For example, if you spent $1 to purchase IQD, you might currently hold a substantial number of IQD notes because of the historically low exchange rate.

A reinstatement or revaluation at a 1:1 exchange rate (1 IQD = 1 USD) would mean each IQD note would be worth one U.S. dollar.

Example: A 100,000 IQD note, purchased for a minimal cost, would convert to $100,000 USD under a 1:1 exchange rate.

If the value of the IQD increases beyond 1:1 to, for example, 1:3 (1 IQD = 3 USD), the same 100,000 IQD would convert to $300,000 USD. At 1:8, it would convert to $800,000 USD.

What a 100k IQD Note Will Be Worth Once You Convert It To USD Upon Revaluation?

1:1 (100k)
1:2 (200k)
1:3 (300k)
1:4 (400k)
1:5 (500k)
1:6 (600k)
Etc.

This basic math. Because regardless if you hold IQD this will be what the exchange rate will be on the Forex. People who attempt to buy IQD after the reinstatement on international markets will not see any profits. Only those who bought IQD at 1/100th of its price for pennies on the dollar.

When Iraq talks about “deleting the three zeros,” it typically refers to removing the zeros from the exchange rate, not necessarily from the physical currency itself. This is why people are confused. You think they will take out a magic marker and erase zeros off a paper currency?

Please give me your IQD so I can save you from disappointment. I, promise I will not give it back.

Article Here: https://jaredaiq.net/News/7929

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?

JON DOWLING: " THE RV STARTS NOW, NOT NEXT YEAR!!!" @DINARREVALUATION #iraqidinarinvestor

 

FRANK26: "SUDANI SAYING YOU WON'T GET RIPPED OFF BY CBI BANKS", 20 DEC

 KTFA

FRANK26: "SUDANI SAYING YOU WON'T GET RIPPED OFF BY CBI BANKS".......F26 

Central Bank enhances the capabilities of the Banking Guarantees Company

 

December 18, 2024

 

The Central Bank of Iraq revealed that it has set a priority within its various strategies to enhance the capabilities of the Banking Guarantees Company. Stressing that one of the tools to support the banking sector is providing bank guarantees to enhance financial depth.

The Deputy Governor of the Central Bank of Iraq, Dr. Ammar Hamad Khalaf, said during a speech he delivered during the Eighth International Guarantee Conference held in Baghdad: Organizing this conference contributes to enhancing cooperation and achieving a comprehensive and sustainable vision for partnership between the banking and real sectors, indicating that developing the banking sector and increasing credit of all kinds depends on providing sufficient guarantees to owners of large, medium and small projects.
He added that the Loan Guarantee Company is one of the pillars of financial stability in Iraq, considering bank credit a basic pillar and a catalyst for economic growth and job creation.
The Deputy Governor added in his speech that the Central Bank of Iraq has prepared within its various strategies to enhance the capabilities of the Banking Guarantees Company, revealing the establishment of a committee from the Central Bank of Iraq with membership of the Private Banks Association to improve the performance of the Banking Guarantees Company.
It is worth noting that the Central Bank of Iraq has previously launched the National Lending Strategy, which focuses on providing financing for small and medium enterprises.

 

Central Bank of Iraq
December 18, 2024
Media Office

EXCERPTS FROM MARKZ, 20 DEC

 EXCERPTS FROM MARKZ

Member: Are we going to see a government shutdown Mark?

MZ: There are a lot of rumors when the government shuts down on Friday- things are going to rip…..My bond folks seem to think exactly that……sure am hopeful they are correct

MZ: Bond folks are still very excited and convinced we are exchanging by Christmas.

MZ: “The Central Bank of Iraq decides to add the Saudi Ryal and the Jordinian dinar”  I think this is the biggest story of the year. This story has me so excited. They are working on a smooth transition to this basket. These are the two biggest. Iraq said months ago they are going to base their currency on oil, resources, gold and a basket of other middle eastern countries currencies. This is how they are going to raise the value of the dinar. They are going to unpeg it from the USD and peg it to a basket of currency and their assets.

MZ: I am sure MilitiaMan and others are also extremely excited about this today.

GINGER:In America, it will start in Miami and then Reno & TIP: IF YOU HOLD XRP!! @DINARREVALUATION