FIREFLY:Mr Sammy says month of January is critical.
FRANK: Yes, it is critical in the sense they are about to give you your purchasing power because the evidence points solely in that direction. There is no other option, there is no other choice.
FIREFLY: The feel on the streets we citizens know a new rate is coming! Everything is pointing to to this!
FRANK: I agree with you. I can feel the rumbling of the earthquake that will bring you your monetary reform, purchasing power. Things are getting very exciting...
😊 Well folks all this negative talk from sceptics and challengers of the CBI action about the closure of the platform did not pan out. Many days have passed already. Dr. Mahmoud Dagher, a prominent financial expert, commenting on the first day of official work after the New Year’s holiday and the start of implementing the decision has told us in the Iraqi news there has only been a slight increase in the dollar price. You might want to read the article titled “THE IRAQI DOLLAR AND THE FIRST DAY “PASSED PEACEFULLY”.. THE CENTRAL BANK IS INNOCENT AND DEVOTED TO THE DINAR”
I am not going to beat a dead horse with much more of the ongoing news about the closure of the currency platform. I think I have covered it sufficiently in the past. Let’s move on and just watch and see what happens with the parallel market.
An interesting set of directions (or more like investors advise) was published on the Bitcoin World blog publishing an article titled “
COMPREHENSIVE GUIDE TO TRADING THE IRAQI DINAR (IQD) ON FOREX” This was published as recent as on 12/31/24. The questions we must as is why did they publish this and why now?
Here is a snip-it from the article:
The Iraqi Dinar (IQD) is the official currency of Iraq, and while it may not be as widely traded as major currencies like the US Dollar (USD) or the Euro (EUR), it holds significant interest for Forex traders looking to diversify their portfolios. Trading the IQD on the Forex market presents unique opportunities and challenges, influenced by Iraq’s economic conditions, geopolitical factors, and global market trends. This comprehensive guide delves into everything you need to know about trading the Iraqi Dinar on Forex, including live rates, trading strategies, market analysis, and tips for successful IQD Forex trading today.
You can follow the link below to view the entire article:
A guarantor of zeroing out crises.. Parliamentary demands to legislate the oil and gas law
The Kurdistan National Union parliamentary bloc called on the federal government, on Tuesday, to expedite and send the oil and gas law to the House of Representatives for study and approval as quickly as possible.
The bloc's spokesperson, Susan Mansour, said in a statement to Al-Maalouma Agency, "The enforcement of the oil and gas law is sufficient to eliminate the problems between Baghdad and Erbil," noting that "the law was very late in being included in the central government."
She added, "The enactment of the law requires political understandings between the governments of Baghdad and Erbil to resolve the outstanding problems between the two parties."
Mansour pointed out that "there are parliamentary demands for the government to send a draft oil and gas law to the House of Representatives for study and approval in accordance with what is stipulated in the State Administration Coalition Agreement." link
GOLDILOCKS : IRAQ is Now World Leader in Gold Reserves - Gold Starts The RV (IQD Rate Included)
Highlights
Summary
In this episode of Goldilocks Global Banking News, the host, Freedom Fighter, emphasizes the importance of preparation for currency exchange, particularly in the context of the Iraqi dinar’s expected revaluation (RV).
The discussion highlights the necessity of establishing relationships with bankers and wealth managers to facilitate this process. Furthermore, it delves into Iraq’s ongoing infrastructure projects, notably the Development Road Project, which aims to connect Iraq with Asia and Europe, and discusses the significance of gold as a protective asset amid potential economic instability. The episode also outlines Iraq’s status in the global gold market, noting its substantial gold reserves and the implications for its currency value and economic resilience. The host encourages viewers to take proactive steps in their financial planning and to stay informed about developments in global banking and currency exchange.
💰 Importance of Preparation: Establishing relationships with bankers is crucial for those looking to exchange their currency effectively
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🌍 Development Road Project: Iraq is undertaking a major infrastructure project aimed at connecting with global economies, which requires significant funding and planning.
📈 Gold as Protection: Gold is presented as a vital asset to protect new wealth, especially in times of financial uncertainty.
🇮🇶 Iraq’s Gold Reserves: Iraq ranks 29th globally in gold reserves, showcasing its economic potential and power in the Arab region.
🔄 Future Value of Dinar: The value of the Iraqi dinar is projected to increase as infrastructure projects advance and gold reserves grow.
🌟 Global Economic Integration: Iraq is preparing to integrate into the new global economy by bolstering its gold reserves and participating in international trade.
📅 The Golden Era: The host envisions an upcoming era characterized by a return to a gold standard, driven by advancements in digital banking and compliance.
Key Insights
🏦 Establishing Banking Relationships: Building relationships with bankers and wealth managers is essential for anyone looking to prepare for a currency exchange. Without these connections, individuals may find themselves unprepared and at a disadvantage when the RV occurs. This proactive approach can help individuals better navigate the complexities of currency exchange and ensure that they are ready to capitalize on potential financial opportunities.
🚧 Infrastructure Development as Economic Catalyst: The Development Road Project represents a significant investment in Iraq’s future, connecting it to key international markets. This project will not only enhance trade but also create job opportunities and stimulate economic growth. The necessity for funding highlights the importance of the RV, as it is expected to provide the financial resources to bring these ambitious plans to fruition.
🛡️ Gold’s Role in Economic Stability: Gold is increasingly recognized as a safe haven asset that can protect wealth during economic downturns. The host emphasizes that in the event of a fiat currency crisis, having gold can safeguard the value of exchanged currencies. This insight serves as a reminder of the historical significance of gold in finance and its potential to provide security in uncertain times.
📊 Iraq’s Strategic Position in Gold Reserves: Iraq’s ranking as the 29th country globally in gold reserves is a testament to its potential economic power. This position not only enhances Iraq’s credibility in the global market but also provides a solid foundation for the dinar’s value. Understanding this context can help investors and individuals gauge the long-term viability of their investments in Iraqi currency.
📈 Projected Growth of the Dinar: The anticipated growth in the value of the dinar is closely tied to Iraq’s development projects and gold reserves. As these projects progress and demand for the dinar increases, the currency’s value is expected to rise. This dynamic creates a compelling case for individuals considering investing in Iraqi dinars as part of their financial strategy.
🌐 Integration into the Global Economy: Iraq’s efforts to build its gold reserves and engage in international partnerships signal a commitment to integrating into the global economy. This transition could lead to greater economic stability and growth for Iraq, positioning it as a key player on the world stage. Observers of the global economy should take note of how these developments might impact international relations and trade.
🔍 Emergence of a New Gold Standard: The host suggests that the resurgence of a gold standard may be on the horizon, facilitated by advancements in digital banking technologies. This potential shift could redefine how currencies are valued and traded globally. Keeping an eye on these changes is vital for anyone involved in finance or currency exchange, as they could have profound implications for the future of international monetary policy.
In conclusion, this episode of Goldilocks Global Banking News provides valuable insights into the dynamics of currency exchange, the importance of gold as a protective asset, and the strategic developments taking place in Iraq. It encourages viewers to remain proactive in their financial planning and to stay informed about the evolving landscape of global banking and currency valuation.
