DINAR REVALUATION

Wednesday, December 25, 2024

FRANK26: " They're telling the citizens they're going to add value to their currency" #iqd

For The Third Day.. The Dollar Continues To Rise Against The Iraqi Dinar, 26 DEC

For The Third Day.. The Dollar Continues To Rise Against The Iraqi Dinar

Tuesday, 12-24-2024, Karar Al-Asadi The US dollar exchange rate continues to rise for the third consecutive day against the Iraqi dinar, with the opening of the markets this morning, Tuesday.

The dollar price recorded a slight increase with the opening of the Al-Kifah and Al-Harithiya stock exchanges, reaching 151,200 dinars for every 100 dollars, while yesterday morning, Monday, it recorded 151,000 dinars for every 100 dollars.

The dollar prices rose in exchange shops in local markets in Baghdad, where the selling price reached 152,250 dinars, while the purchase price reached 150,250 dinars for every 100 dollars. https://non14.net/public/173154

MAJEED UPDATE, 26 DEC

MAJEED

If Forex opens today The rate should come up today 5 PM EST

Because Iraq already deployed digital payment with instant payment and banking cards plus a unified payment gateways

That means Iraq already

Which could also mean Iraq already sent a letter to Forex a few days ago

And today Forex should show up the rate when the trading session opens at 5 PM

So Iraq can pay their citizens Thursday morning

Remember 5 PM EST today, Wednesday means it is 1 AM in the Middle East

Thursday morning

MARKZ: In Iraq we had $3.47 popping up on the forex sites.. @DINARREVALUATION #iraqidinar

Dollar Prices Rise In Baghdad And Erbil With Stock Exchanges Closed, 25 DEC

Dollar Prices Rise In Baghdad And Erbil With Stock Exchanges Closed

Economy | 05:00 - 12/24/2024 Mawazine News – Economy The markets of the Iraqi capital, Baghdad, and Erbil, the capital of the Kurdistan Region, witnessed a rise in the dollar exchange rates with the closing of the stock exchanges on Tuesday evening. The

dollar prices also rose with the closing of the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 151,400 dinars for every 100 dollars, after it had recorded 151,200 dinars this morning.

Selling prices also rose in the local markets in Baghdad, where the selling price reached 152,500 dinars, while the purchase price reached 150,500 dinars for every 100 dollars.

In Erbil, the dollar also recorded a rise, where the selling price reached 151,400 dinars for every 100 dollars, while the purchase price reached 151,300 dinars for every 100 US dollars. https://www.mawazin.net/Details.aspx?jimare=257837

KEVIN J. MONANGAI: The chance that Iraq doesn't reinstate the Iraqi Dinar (IQD) by the end of 2024, 25 DEC

Kevin J. Monangai✰

Alright, let's talk this through.

The chance that Iraq doesn't reinstate the Iraqi Dinar (IQD) by the end of 2024 is extremely slim -probably a 1 or 2 out of 10 at most IMO.

Here's why:

Right now, Iraq relies on something called the dollar auction to keep its economy running. This system lets their central bank supply U.S. dollars for things like trade and imports. But here's the deal: the auctions stop on December 31, 2024. After that, there's no safety net. The IQD has to be ready to step in as the currency for international transactions.

The Central Bank of Iraq and the government have been preparing for this all year. They've connected Iraqi banks to global financial networks, partnered with major banks like JPMorgan, and upgraded their systems to meet international standards. They're ready to flip the switch.

If they don't reinstate the IQD in time, it would create chaos-banks wouldn't be able to process trade payments, inflation could spike, and public confidence in their financial system could collapse. Frankly, they can't afford to miss this.

So, will they pull it off? It's almost certain.

Everything points to the RI happening before December 31, probably between December 26 and December 30, IMO. They've done too much work to let this slip. Missing the deadline is highly unlikely.