REINALDO JC: " Behind the scenes they’re already prepared" @DINARREVALUATION #iraqidinar #iqd

 

“AUCTION DOES NOT BUILD THE ECONOMY” by Khalil Ibrahim Al-Abidi, 23 JAN

 “AUCTION DOES NOT BUILD THE ECONOMY”   by Khalil Ibrahim Al-Abidi

1/21/25
“AUCTION DOES NOT BUILD THE ECONOMY”  

 by Khalil Ibrahim Al-Abidi1/21/25The mission of the world’s central banks is to control the rhythm of the economy, by controlling the interest rate, not by auction. 

It is the bank of banks, working through clearing and opening credit, and ensuring the protection of the country’s currency from damage and decline against other currencies. 

 It issues a currency whose value is evaluated in gold, not in the currency of others, upon request. The auction is an innovation of Bremer since the occupation, and we have become accustomed to the mistake and it has become a lifeline.Gentlemen… 

The Central Bank did well recently and left the auction platform, and returned to respect its currency, which is the dinar. ……What is required today, as we are at the beginning of the year, is to think carefully about what the repercussions will be, and to return with determination to the documentary cycle in imports, and to work without selling the currency by opening credit for those who want to import, by relying on our government banks after purging them of corruption and identifying correspondent banks for those who carry sobriety and integrity of correspondence, and finally determining the scale of priorities when importing and encouraging national production and exploitation of raw materials, 

and imposing exorbitant fees to protect industries and the rest of the products.Working to follow up on what is imported under the import license and ridding the country of the decline of its currency and the danger of imports, and the most important step is to zero out the dinar, and buy the 1,250 old dinars for one dinar of the new currency during the exchange after printing the one dinar denomination, and the value of one dinar will be one dollar through the documentary import cycle, and we have sufficient revenues in addition to the sovereign reserves. Making the value of one dinar equal to one dollar 

will keep the citizen, merchant, traveler, doctor, etc. away from running after the dollar. Rather, he will be reassured that his currency is valid for purchase and exchange wherever he is, and this is the point of safety.

FIREFLY: Everybody waits for the new exchange rate! WE ARE CLOSE!!, 23 JAN

 Frank26  

[Iraq boots-on-the-ground report] 

 FIREFLY: Mr Sammy says...Amendment of Article 12 has nothing to do with the rate change.  Article 12 is for the Kurds to get their money to cover their cost of extracting and transportation of salaries for the oil...Next they say we will have the budget tables. 

FRANK: That means the budget now is going to be read line item by line item by line item and the only way to fund those line items...

The funding will have to be based on a different exchange rate because you cannot fund this budget at a program rate...Everybody waits for the new exchange rate.  Everything waits for it...

 FIREFLY:  We are very very close.

NADER FROM THE MID EAST: " Soon we'll be in every bank in United States" @DINARREVALUATION

 

TO PROTECT HIS SAVINGS.. DOLLAR FLUCTUATIONS “FORCE” IRAQI CITIZENS TO BUY “GOLD”, 23 JAN

 TO PROTECT HIS SAVINGS.. DOLLAR FLUCTUATIONS “FORCE” IRAQI CITIZENS TO BUY “GOLD”

Economic affairs specialist Alaa Al-Fahd revealed, today, Thursday (January 16, 2025), the reason for the recent increase in gold imports in Iraq.

Al-Fahd told Baghdad Today, “The increase in gold imports has several economic implications, including that citizens are working to keep gold as part of their savings, as it is more reliable and stable, as a result of the fluctuations in the dollar.”

He explained that “the other reason is an improvement in income levels with a savings surplus, and this is what drives citizens to buy gold, and this is part of the positive situation, as the process of increasing gold imports is a healthy economic situation, and this is reflected in the Iraqi market.” 

Citizens usually prefer to buy gold during times of instability, rising inflation rates, economic problems, and fluctuations in the buying and selling of the dollar, as it is a safe haven and a protector from the risk of financial market collapse.

Experts say that the importance of saving gold has several advantages, the most important of which is that gold savings accounts provide their owners with a unique opportunity to diversify their investment portfolios and protect their wealth from market fluctuations.

Others say, “Gold retains its value over the long term, and is easy to sell, because it is unlikely to be worth less when you buy it.

DINAR GURUS UPDATE, 23 JAN

 DINAR GURUS UPDATE

Highlights

Summary

HERE ARE the current and future prospects of the Iraqi dinar, as discussed by various financial experts and analysts. 

Sandy Ingram highlights several potential scenarios for the value of the dinar as we move into 2025, focusing on the implications of Iraq’s oil reserves, economic reforms, and global market conditions. 

The conversation emphasizes the dynamic nature of currency valuation, which is influenced by external factors such as global oil prices and internal factors like political stability and economic management. 

There are several possibilities for the dinar, ranging from gradual appreciation to potential revaluation or redenomination, all contingent on Iraq’s economic performance and international support. 

Other contributors, such as Mark Z and Frank 26, provide insights into Iraq’s expanding resource base and the importance of international trade relationships, particularly with China. The removal from the ‘red list’ signifies a positive shift for Iraq, allowing it to engage more freely on the international stage. Overall, the discussion points to a mixed outlook for the dinar, marked by both opportunities for growth and significant risks.

• 🌍 Oil Dependency: The Iraqi dinar’s value is heavily tied to global oil prices and Iraq’s oil production capabilities.
• 📈 Potential Appreciation: If oil prices remain high and Iraq diversifies its economy, the dinar could appreciate in value.
• ⚖️ Risks of Depreciation: A significant drop in oil prices could lead to stagnation or depreciation of the dinar due to budget strains.
• 💡 Revaluation Possibility: There is a possibility of revaluation or redenomination of the currency, contingent on strong economic fundamentals.
• 📊 International Relations: Iraq’s trade relations, particularly with China, are expanding, which may have positive implications for its economy.
• 🔄 Removal from the Red List: Being removed from the ‘red list’ allows Iraq to engage in international trade without restrictions, potentially boosting investor confidence.
• 🏦 Speculative Currency: Currently, the dinar remains a speculative currency, uncertain in its future value due to various influential factors.

Key Insights

• 📉 Oil Prices and Currency Value: The Iraqi dinar’s reliance on oil revenues is a double-edged sword. High global oil prices can lead to increased foreign currency influx, strengthening the dinar. However, if prices plummet, Iraq’s budget could face severe strain, leading to depreciation. This dependency underscores the need for Iraq to diversify its economy beyond oil, which would buffer the currency against international market fluctuations.

• 💰 Economic Diversification and Corruption: The potential for the dinar to appreciate hinges not only on oil prices but also on Iraq’s efforts to diversify its economy and tackle corruption. By reducing reliance on oil and improving governance, Iraq could enhance investor confidence, which is critical for attracting foreign investment and stabilizing its currency.

• 🔍 Revaluation and Redenomination: The possibility of revaluation or redenomination of the dinar could simplify transactions and enhance its global perception. Such actions are generally indicative of a robust economic framework and require international support. The implications of these changes could lead to improved liquidity and a more favorable trading environment for the dinar on international markets.

• 🌐 International Trade Relations: Iraq’s burgeoning trade relationship with China, reaching $50 billion, is a significant development. This partnership could bring in much-needed foreign investment and diversify Iraq’s economic base. As foreign trade expands, it could create a more resilient economy less vulnerable to fluctuations in oil prices.

• 🚀 Removal from the Red List: Mark Z emphasized that Iraq’s removal from the ‘red list’ is pivotal for attracting international companies. This status change indicates a shift in perceptions of risk associated with investing in Iraq, thus enhancing the attractiveness of the Iraqi dinar as a stable currency. This change could lead to increased foreign direct investment, fostering economic growth.

• 📈 Speculative Nature of Dinar: The dinar is currently viewed as a speculative currency, with its future value uncertain. Investors are cautious, given the myriad factors influencing its valuation, including political instability and economic management. This speculative nature reflects the broader challenges facing emerging markets, where investor sentiment can swing dramatically in response to changing conditions.

• 🏛️ Political Stability and Economic Reforms: The future value of the dinar is deeply intertwined with Iraq’s political landscape and its commitment to economic reforms. Stability in governance is essential for implementing policies that promote economic growth. Without meaningful reforms and a stable political environment, the dinar’s potential for appreciation remains limited, posing risks for investors.

MAJEED: No more Dollar coming to Iraq The CBI has two options : BANKRUPTCY OR CHANGE THE RATE OF IQD