FIREFLY: WHEN THE DOLLAR PLATFORM STOPS , WILL COME A SHOCK!! @DINARREVALUATION #iraqidinar

 

Central Bank: Iraq Expands Foreign Transfers In New Currencies Other Than The Dollar, 21 DEC

 Central Bank: Iraq Expands Foreign Transfers In New Currencies Other Than The Dollar

The Central Bank of Iraq announced on Thursday the expansion of foreign transfer channels for local banks to include new currencies other than the dollar, namely: the Jordanian dinar and the Saudi riyal.

The bank also decided to allow Iraqi banks to finance trade with Turkey in euros after it was previously limited to using them with European Union countries, in addition to transfers available in US dollars, Emirati dirhams, Chinese yuan and Indian rupees.

The bank explained in a statement today that "this step comes within its efforts to expand foreign trade financing options in various currencies and channels, and the bank has begun taking the necessary measures to meet banks' requests in these currencies."

The statement also indicated that "this expansion in foreign transfer channels provides transfer operations at the official price, and aims to streamline transfers and involve a greater number of banks in foreign transfer operations, and expand the horizons of economic cooperation between Iraq and other countries, especially in light of the bank's efforts to find other channels to meet the volume of demand for various foreign currencies according to Iraq's dealings with those countries."

The bank confirmed that "a smooth transition took place during 2024 from the electronic platform to directly approved correspondent banks, and thus the Central Bank achieved a fundamental transformation in line with international banking practices, and this transition is widely praised." https://www.radionawa.com/all-detail.aspx?jimare=40666

WALKINGSTICK: WHEN CURRENCY AUCTIONS STOP THERE WILL BE NO RESTRICTIONS ON THE IRAQI DINAR ON AN INTERNATIONAL LEVEL !!!, 21 DEC

 Walkingstick 

 The IQD is being introduced to its basket members. 

 These foreign currencies that are coming in through the contracts, some of them, if not most of them, will be playing the part in the float of the Middle East basket.  

Why is it that this basket is the next chapter in our study?  

 Because the CBI auctions are ending on December the 31st of this year and there will be no restrictions on the Iraqi dinar on an international level as it was before ...

This is article VIII compliance which allows them to stop the auctions...

Once the float increases the international value of the Iraqi dinar it will start to pair to these currencies in this basket and IMO it will quickly rise in value due to the demand that we are seeing right now.

ARIEL: " THIS SHOULD BENEFIT THE IRAQI DINAR, WHICH IS PAIRED WITH XRP" @DINARREVALUATION #iraqidinar

 

Oil: The Proportion Of Associated Gas Investment Increased To 70%, 21 DEC

 Oil: The Proportion Of Associated Gas Investment Increased To 70%

 
Economy  The Ministry of Oil announced today, Thursday, that the percentage of associated gas investment has increased to 70%. A statement from the ministry - received by the Iraqi News Agency (INA) - stated that “in implementation of the government program and the directives of the Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani, the Undersecretary for Gas Affairs, Izzat Saber Ismail, chaired the leadership meeting for gas projects, in the presence of the general directors of the relevant oil companies and departments.”
 
During the meeting, the agent pointed out the achievements that have been achieved in the associated gas investment sector, which will reach 70% by the end of this year. The agent stressed,
 
“The government and the ministry, through the directives of Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani, are keen to raise gas investment rates in a way that contributes to providing fuel for electric power generation plants and  supporting the national economy.”

The agent added,  “The Ministry has also achieved an achievement in the field of production, storage, and export of liquid gas, as well as increasing gas supply outlets for vehicles, due to the high numbers to which gas systems have been added,” noting,
 
“The number of technical workshops has also increased to raise the level of services provided to citizens.”".

The statement continued,  "During the meeting, the projects implemented by the Ministry to raise associated gas investment rates were reviewed, as well as projects implemented to develop gas fields, to support the energy and industry sector in the country."    https://www.ina.iq/224007--70.html   

BANK STORY, 21 DEC

 From a friend in SoCal: 12/20/24

Went to WFB while I had in hand (One Note) 500,000VND asking for them to exchange it for me……. 

Bank manager had HUGE SMILE on her face and flat out told me give it a few more days and get an appt to exchange it, you will be very-happy and if you have any Dinar bring that too….

 When you come back she confirmed that WFB is the lead bank and that they simply await treasury GO approval that is supposed to be coming in days.

IRAQ IS PREPARING TO THE INTERNATIONAL MARKET INTEGRATION & INCREASE THE VALUE OF THE IRAQI DINAR