DINAR REVALUATION

Friday, December 27, 2024

FIREFLY: " WE'RE GOING DIGITALLY WITH A NEW RATE" @DINARREVALUATION #iraqidinarinvestor

Iraq establishes 'investment portfolio' to support stability of national currency, 27 DEC

Iraq establishes 'investment portfolio' to support stability of national currency

12/26/2024

The economic advisor to the Prime Minister, Mazhar Muhammad Salih, revealed Iraq’s first step after extinguishing its foreign debts towards establishing an investment portfolio to support the stability of the national currency.

Saleh explained to {Euphrates News} that: "Since 2004, after Iraq was able to extinguish $100 billion of its accumulated debts, which are called pre-1990 debts resulting from wars and conflicts, and with the improvement in the current account of the balance of payments, the first step taken by Iraq was to establish an investment portfolio of foreign reserves."

He added, "Or what is called the country's foreign exchange reserves that perform the function of stabilizing the value of the national currency or what is called the external value of money."

Saleh said that "these assets that support the stability of the balance of payments and the national currency {i.e. foreign reserves} are one of the aspects of the sovereign funds called {quasi-sovereign wealth fund}."

He pointed out that "they differ from traditional sovereign funds in that their assets are characterized by high liquidity or investment in liquid or semi-liquid assets and are subject to a highly accurate diversification rule in foreign currencies and highly liquid financial investment tools by virtue of their function as international reserves supporting the balance of payments and stabilizing the value of the national currency." Raghad LINK

TIDBIT FROM MILITIAMAN, 27 DEC

Militia Man

They changed the name to currency window as opposed to auction.

That represents foreign currencies. Article quote "...This platform will be stopped at the end of this year."

...The dollar auctions as we know them are going bye-bye by the end of the year...That doesn't mean the 31st...It means...coming at any time.

Article quote: "Iraq has gotten rid of the burden of foreign debts for the first time which had shackled it economically ...

What remains of its debts to international parties constitutes less than $9 billion that will be paid between now and the year 2028." Iraq's going to have a lot of money. If you're going to be a creditor, people are going to be coming to you for money and Iraq is going to have a lot of it. To be fair, I think a lot of us are going to have a few dollar too because of it.

YADA: " THE AMENDMENT FRO THE RATE CHANGES WAS DONE LAST WEEKEND" ‪@DINARREVALUATION‬ #iraqidinar

Iraq and Bahrain affirm their support for the unity of Syria and respect for the right of its people to self-determination, 27 dec

Iraq and Bahrain affirm their support for the unity of Syria and respect for the right of its people to self-determination

Baghdad / NINA / - The acting head of the Arab Department at the Ministry of Foreign Affairs, Osama Mahdi Ghanem, met with the Ambassador of the Kingdom of Bahrain to Iraq, Khalid Ahmed Al-Mansour, at the Ministry's headquarters.

The Ministry stated in a statement that: "During the meeting, the current regional developments were discussed, most notably the Palestinian and Syrian issues, and the two sides affirmed their support for the unity of Syria and respect for the right of the Syrian people to self-determination."

The two sides also discussed ways to enhance relations between the two brotherly countries by activating the work of the joint Iraqi-Bahraini committee scheduled to be held during the first half of 2025 under the chairmanship of the foreign ministers of the two countries.

The importance of enhancing cooperation in the economic, commercial and financial fields, including the banking sector, was emphasized.

The two sides discussed signing memoranda of understanding covering political consultations, cooperation in the field of diplomatic studies and training between the Iraqi Foreign Service Institute and the Bahraini Mohammed bin Mubarak Academy. They also discussed the agreement on mutual exemption from entry visas for holders of diplomatic, service and special passports./End

CRYPTO TRADER: " WE ARE IN THE END GAME, PATIENCE!" , 27 DEC

CRYPTO TRADER

I have seen the article about the ending of auctions .It is from an economist .

The announcement has to come from CBI officially and the deletion of zeros is next also to be announced by CBI.

Any rate change has to be updated on CBI official website before you see it on Forex.

The process is almost complete and if Indeed the auctions have ended , they need a tradable IQD on the Forex for payments irrespective of the rate.

We are in the end game.Patience.

This is for all the people who have DM 'ed me asking for my opinion.