DINAR REVALUATION

Wednesday, January 29, 2025

WALKINGSTICK: I'll take a new exchange rate for the IQD that I have in my reserves and deaL!!#iqd

Central Bank Governor announces imminent launch of major initiative to finance industrial projects, 30 JAN

Central Bank Governor announces imminent launch of major initiative to finance industrial projects

The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Tuesday, the imminent launch of an initiative to finance industrial projects, while pointing out that financial stability is no less important than political and security stability.

The Governor of the Central Bank, Ali Al-Alaq, said in a dialogue session during the Iraq Energy Conference, which was followed by "Al-Eqtisad News", that "the initiatives undertaken by the Central Bank represent tools to move the wheel of development and enhance economic stimulus, and they are unconventional policies aimed at supporting the overall economy.

" He added that "the Central Bank is one of the global banking institutions that adopt unconventional monetary policies," noting that "the size of the accumulations in the aspects of backwardness in the infrastructure is a major challenge."
He explained that "the Central Bank is concerned with achieving economic stability, especially since energy factors are directly linked to the economic situation by supporting factories, companies, and others."

He pointed out that "the Central Bank intervenes in supporting and financing various projects, including renewable energy projects, whether through direct or indirect support."
He pointed to "the importance of monetary and financial stability," indicating that "it is no less important than political and security stability."

He continued that "the Central Bank has launched multiple initiatives to finance real estate and small and medium-sized projects, as projects worth 13 trillion dinars have been financed since 2016 until now, which has contributed to the sustainability of the economy, in addition to allocating 1 trillion dinars to encourage citizens and companies to purchase solar energy units."

He added that "there are ongoing arrangements to finance industrial projects in coordination with the Trade Bank of Iraq and the Industrial Bank," indicating that "the liquidity available at the Trade Bank of Iraq will be used to support these projects, in addition to the funds of the Industrial Bank, with the aim of launching a major initiative to finance industrial projects, which is expected to see the light soon."

He stressed that "the Council of Ministers has agreed to enhance cooperation between government banks with a financial surplus to finance industrial projects through the Industrial Bank, as it is the competent authority in this field," stressing "the imminent launch of this major initiative link

TIDBIT FROM MNT GOAT, 30 JAN

Mnt Goat

Article: “IRAQ BOOSTS FINANCIAL STABILITY WITH HUGE DOLLAR AND GOLD RESERVES IN US, EUROPE”.

...Boy, oh boy they are teasing us dinar investors once again. They are flaunting their wealth once again but the IQD is still at 1/6 of a penny and NOT traded on FOREX?

Meanwhile Iraq has 43% more oil reserves than Kuwait...and just founded two more major wells besides....

Kuwait is at 1 KWD = 3.25 USD on FOREX...

If we pay attention we can see the writing is on the wall and their economists see it now too.

MNT GOAT: Making the value of one dinar equal to one dollar ...!! @DINARREVALUATION #iraqidinar.

The Finance Committee: Our priorities are to chart a new course for managing the financial situation, 30 JAN

The Finance Committee: Our priorities are to chart a new course for managing the financial situation

The head of the Finance Committee, Atwan Al-Atwani, confirmed today, Wednesday, that the committee has placed at the top of its priorities the development of a new path for managing the financial situation.

A statement by the Finance Committee received by the Iraqi News Agency (INA) stated that "the head of the Finance Committee, Atwan Al-Atwani, met with the delegation currently visiting the United Kingdom, Lord Baroness de Sousa and the Director of the Oversight Unit in the British House of Commons, Alex Knight, each separately, in the presence of specialists from the International Partners Foundation."

He explained that "the discussions were held on the prospects of joint bilateral cooperation between the Finance Committee in the Iraqi Council of Representatives and the specialized committees in the British House of Commons in terms of legislative and oversight work and the exchange of expertise in all fields, in a manner that serves the interests of the two friendly peoples."

The statement continued, "After reviewing the structure of the British House of Commons and the House of Lords and the role of each of them, Al-Atwani stressed the need for the Iraqi Council of Representatives to establish permanent specialized formations of experts and specialists whose mission is to chart the course of legislative work and complete the requirements for enacting laws and consolidating legislation in a manner that achieves the country's supreme interests and is consistent with development plans and service programs."

He pointed out that "strengthening the work of the legislative authority with these specialized formations would mature the laws and assess the government's actual need for the legislation to be enacted, away from personal interpretations."

During his discussions, Al-Atwani reviewed "a number of files and topics of common interest," noting that "his committee has prioritized charting a new path for managing the financial situation in the country through a gradual transition to relying on non-oil revenues, especially since Iraq has financial revenue outlets that can be pillars of building the budget, including customs, taxes, investment of state assets, communications, and other government services." link

EXCERPTS FROM MARKZ, 29 JAN

EXCERPTS FROM MARKZ

Member: Bank truth: Went to my local PNC Bank yesterday. Asked the teller for the new USTN, she said it's in the vault but can't use it quite yet but very soon. !!!!

Member: Woo-hoo! yesterday I received a notice from BOA that my debt was "discharged"...i have to report it to irs, but, that's ok.

Member: Is it true all banks got emails stating that to get ready for the foreign currency exchange??

Member: Frank26 had a great bank story yesterday. Banks received a notice about currency revaluation.

Member: This weekend sounds very hopeful for a "go", Mark!!