DINAR REVALUATION

Sunday, December 22, 2024

DINAR REVALUATION : IRAQ UPDATE, 22 DEC

IRAQ UPDATE

Summary

Iraq’s Central Bank is opening foreign currency channels, aiming for a new exchange rate and economic stability, with hopes of an IQD RV before Christmas.

Highlights

💰 CBI aims to stabilize the exchange rate by opening foreign currency channels.
🔄 The move is expected to eliminate the black market for currency.
📈 A new official CBI rate may lead to an in-country revaluation of the Iraqi Dinar.
🌍 Iraq is expanding relationships with regional currencies like the Jordanian Dinar and Saudi Riyal.
🚀 Strengthening ties with countries like Turkey and China could attract investments.
🏦 High foreign reserves and controlled inflation indicate Iraq’s economic stability.
🔍 The potential for more job opportunities and improved quality of life for Iraqis.

Key Insights

🏦 Stability in Foreign Reserves: Iraq’s high foreign reserves provide a safety net for economic management, essential during crises like the pandemic. This stability fosters investor confidence.
🌐 New Economic Partnerships: Engaging with regional currencies signifies Iraq’s potential for growth, enhancing trade and investment opportunities, which can lead to economic revitalization.
💵 Elimination of the Black Market: The CBI’s efforts to align the dollar with the official rate are crucial for eliminating the parallel market, paving the way for a stronger economy.
📉 Inflation Control: Managing inflation ensures affordability of goods, which is vital for maintaining consumer confidence and attracting foreign investments.
🔗 Regional Cooperation: Strengthened relations with Turkey and China could facilitate infrastructure projects, leading to job creation and improved services for Iraqis.
📊 Investment Attraction: A new exchange rate could encourage local and foreign investments, boosting economic activity and creating a vibrant marketplace for Iraq.
🛠️ Long-term Economic Vision: If these initiatives succeed, they could reshape Iraq’s economy, fostering a more stable and prosperous Middle East, impacting lives positively.

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

Kurdistan election poll workers receive their dues, 22 DEC

Kurdistan election poll workers receive their dues

The Electoral Commission said, "Next week will witness the arrival of financial dues for polling staff, and they will be distributed in the coming days."

Meanwhile, its spokeswoman, Jumana Al-Ghalay, confirmed in a statement (to the official website of the Patriotic Union of Kurdistan), that “the financial dues of the polling staff for the Kurdistan Parliament elections next week will be transferred to the region via the Trade Bank of Iraq (TBI).”

She added, "The offices of the Election Commission in the Kurdistan Region will receive the funds to be distributed later to the polling staff for the Kurdistan Parliament elections that took place on 10/20/2024."

The Commission, through the head of the electoral administration, Judge Hussein Abdul-Sada Bahir, issued a letter numbered (AD/6/7934) dated (12/11/2024) to the Monetary Affairs Department in the Federal Ministry of Finance, in which it called for the acceleration of the distribution of the polling staff bonus amount.

As for the financial dues of the polling staff for the Iraqi provincial council elections, they have been distributed by the Ministry of Finance to the provincial treasuries, and coordination is underway between the commission’s offices in the provinces and the treasuries to release the dues in the coming days.”

FIREFLY: THEY'RE SAYING THE DOLLAR PLATFORM WILL STOP AND THERE;S A SHOCK THAT'S COMING WHEN THIS HAPPEN, 22 DEC

Frank26

[Iraq boots-on-the-ground report]

FIREFLY:Television is talking about the dollar exchange.

FRANK: of course they are. That's all they're going to talk to you about.

FIREFLY: They're saying the dollar platform is about to stop. They're saying there's a shock that's coming when the platform stops.

Then they're saying the dollar will rise because of the demand. We think they are warning to be careful not to use the dollar. That's crazy. We know the dinar will have to go up...

FRANK: Yeah, because it's not going to be just 1 to 1 IMO. It'll be maybe a little more than 1 to 1 which means it has more value than the American dollar.

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

At the top of the list is the salaries file.. Talabani's office announces details of the latter's meeting with Al-Sudani, 22 DEC

At the top of the list is the salaries file.. Talabani's office announces details of the latter's meeting with Al-Sudan

Pavel Jalal Talabani, President of the Patriotic Union of Kurdistan, met in Baghdad with Mohammed Shia al-Sudani, Prime Minister of Iraq.

During the meeting, the two sides discussed the latest developments in Iraq and the region, stressing the need to solve problems and unify national efforts in order to keep regional tensions away from Iraq and the Kurdistan Region.

The government's commitment to providing services fairly and without discrimination to all citizens was also emphasized.

In another aspect of the meeting, the problems between Erbil and Baghdad were discussed, as well as the delay in the salaries of Kurdistan Region employees, which has negatively affected the lives and livelihoods of citizens.

President Pavel said in this regard: “The Patriotic Union of Kurdistan supports the decisions of the Federal Court to localize the salaries of the region’s employees,” calling on the Prime Minister to be, as always, cooperative and supportive of protecting the financial rights and entitlements of the people of Kurdistan, and to prevent the politicization of this national issue.

The meeting also stressed the need to

accelerate the steps to form the new government in the Kurdistan Region, according to the principle of true partnership and establishing a just and service-oriented government.

President Pavel Jalal Talabani said: “Our position is clear regarding the new government, as we want equality and justice to be the basis of the next government, serving everyone away from discrimination, aiming to strengthen Kurdistan, and being able to solve problems related to the lives and livelihoods of citizen

GINGER: "We've never been so well positioned as we are today" , 22 DEC

GINGER

Q & A - What's all this craziness with Iraq concealing the international rate revaluation from being visible in their national Gazette?

We shared some info on this recently. 12.19.24

Here's the post:

https://t.me/c/1553385444/65532

https://t.me/c/1553385444/65574

💢 Member: But why don't they understand that nothing can move on until then (Gazette public reveal) - and lots are suffering financially? 🤔 😔

💢Ginger: I lovingly and respectfully disagree. I feel they are following the letter of the law by having recorded it (Gazette / albeit hidden) --- but things can still go. I honestly do not believe any of this is holding the Happy Camper event back from happening. I do believe that the ones in charge (Treasury Department & DOD) are waiting for the right and opportune time.

I've always felt in my spirit it will be the Trigger Event and I will not deviate from that conviction of what's needed for this to pop off.

This was also confirmed for me - my sense of knowing - by the Celestial Alliance as well. This is why I've always been very steady with you, when others were calling for dates/times - how many times did I calmly, steadily say to you: "I'm not seeing it.

Not quite ready yet. IMHO we're still waiting for the non negotiables and the Trigger Event"? I can't explain it. I just knew.... 🤔

And I'm feeling the Trigger Event is closer than some think....

I honestly feel this way -- while trying to lend comfort and encouragement to our family here without carelessly calling dates and making foolish promises to expect this and that on such and such date/time frame - which is something I simply will not do.

But the fact remains, it's never looked better!! We've never been so well positioned as we are today.

Let's hold space for one another as we await this Trigger Event... We'll be the soft place to land. Because it's coming.

I hope this helps some 💫⭐💫