Friday, February 7, 2025

FIREFLY: Forex would be international and like you want, the float!! @DINARREVALUATION #iraqidinar

Iraq and the World Bank agree to continue joint work to promote economic stability in the country, 7 FEB

Iraq and the World Bank agree to continue joint work to promote economic stability in the country

Mawazine News – Baghdad

The Ministry of Finance and the World Bank agreed on Thursday to continue coordination and joint work to enhance economic stability in the country.

The ministry said in a statement received by (Mawazin News) that “its Minister Taif Sami Mohammed received, on Thursday, the representative of the World Bank in Iraq, Emmanuel Salinas, in the presence of the Regional Director of Human Development Fadia Saada and the accompanying delegation, to discuss ways to enhance cooperation between the two sides in supporting development projects and implementing economic reforms.”

Sami stressed the importance of partnering with the World Bank in financing programs aimed at achieving sustainable development, and the commitment of the Iraqi government to implement financial and economic reforms to ensure the stability of the national economy, noting that “these reforms aim to promote sustainable growth, improve the management of financial resources, combat corruption, and enhance transparency in government institutions.” For his part, the representative of the World Bank praised “the efforts of the Iraqi government in improving the economic environment and enhancing transparency and efficiency,” stressing “the bank’s readiness to provide more technical and financial support in line with Iraq’s development priorities.”

According to the statement, the two parties agreed to “continue coordination and joint work to achieve strategic objectives and enhance economic stability in the country.”

https://www.mawazin.net/Details.aspx?jimare=259406

SANDY INGRAM CC HIGHLIGHTS NOTES, 7 FEB

SANDY INGRAM CC HIGHLIGHTS NOTES

Highlights

Summary

The video discusses the potential for the Iraqi dinar (IQD) to increase significantly in value, from its current exchange rate of 0.0076 USD to possibly 0.10 USD.

This expected rise is rooted in two decades of groundwork aimed at achieving economic stability in Iraq, despite facing setbacks from the rise of ISIS in 2014 and the global pandemic in 2020.

The discussion outlines the factors contributing to such an increase, emphasizing the role of speculative trading and psychological milestones in driving demand for the currency.

The video compares the IQD’s potential growth to historical trends in both fiat currencies and cryptocurrencies, highlighting that while traditional currencies often take decades to appreciate, speculative assets like Bitcoin can exhibit rapid increases in value. It concludes by suggesting that ongoing development projects in Iraq could catalyze a surge in speculative trading, further accelerating the dinar’s value appreciation.

📈 Long-Term Economic Stability: Iraq has been working toward economic stability for 20 years, overcoming significant challenges.
💰 Potential Currency Surge: The IQD’s value could rise from 0.0076 USD to 0.10 USD, representing a staggering increase of approximately 13,158%.
🔍 Speculative Trading: The video emphasizes that speculation plays a crucial role in driving the IQD’s potential appreciation.
🎯 Psychological Milestones: Key price points, such as 1 cent and 10 cents, could act as catalysts for increased investor interest and momentum.
⏳ Historical Comparisons: Unlike the gradual appreciation of major fiat currencies, the IQD may experience exponential growth similar to cryptocurrencies, albeit over time.
🚧 Challenges and Setbacks: The video acknowledges past setbacks, including ISIS and the pandemic, that have impacted Iraq’s economic progress.
🌍 Global Insights: Economists worldwide align on the idea that speculative trading and psychological factors will significantly influence the IQD’s future value.

Key Insights

📊 Economic Foundations for Growth: The groundwork laid over the past two decades in Iraq is critical for the potential increase in the IQD’s value. This includes infrastructural development, political stability, and economic reforms aimed at attracting foreign investment. Such efforts are essential for instilling confidence among investors and creating a conducive environment for currency appreciation.
⚖️ Speculative Nature of Currency Markets: The video highlights the speculative aspect of emerging currency markets, where traders often bet on future currency appreciation. This speculation can create rapid increases in value, as seen with cryptocurrencies like Bitcoin. The IQD’s potential growth will likely mirror these speculative trends as investors seek to capitalize on perceived undervaluation.
🔼 Impact of Scarcity on Value: The concept of scarcity is integral to understanding currency value. If the supply of IQD is effectively managed, while demand increases due to rising adoption or speculative interest, the currency’s value is likely to appreciate. This relationship between supply and demand is fundamental in economics and particularly relevant in the context of currency valuation.
🧠 Psychological Factors in Trading: The notion of psychological milestones is crucial in the context of currency trading. Breaking through key price points can create a bandwagon effect, where more investors enter the market, further driving up demand and value. Understanding these psychological triggers can help investors strategize more effectively in the currency markets.
⏳ Timeframe for Appreciation: While the potential exists for significant appreciation in the IQD, the timeframe for such growth is uncertain. Under normal economic conditions, reaching a value of 10 cents could take many years unless catalyzed by specific events or trends. This uncertainty underscores the importance of ongoing economic monitoring and analysis.
🌐 Global Economic Context: The insights provided in the video resonate with broader global economic trends, where emerging markets are increasingly attracting speculative investments. Understanding the dynamics of these markets, including investor psychology and economic fundamentals, is essential for predicting potential currency movements.
🚀 Future Development Projects: The channel expresses optimism that ongoing and future development projects within Iraq will create a favorable environment for speculation and currency appreciation. These projects could lead to increased economic activity, higher demand for the IQD, and ultimately, a rise in its value as investor confidence grows.

The overall message of the video is one of cautious optimism. While the potential for the IQD to appreciate significantly exists, it is contingent on a variety of factors, including sustained economic growth, effective management of currency supply, and investor sentiment driven by speculation and psychological milestones. Investors are encouraged to stay informed about Iraq’s economic developments and to consider the potential risks and rewards associated with investing in the IQD.

MAJEED: They already have the greenlight to go ahead with it !!, @DINARREVALUATION #iraqidinar

Iraq announces a decline in its external debt and a rise in its domestic product, 7 FEB

Iraq announces a decline in its external debt and a rise in its domestic product

Mawazine News – Baghdad

The technical adviser to Prime Minister Mohammed Sahib Al-Daraji confirmed on Thursday that the volume of investments in Iraq reaches about 60 billion dollars, while he revealed a decrease in the external debt to 9.8 billion dollars.

Al-Daraji said in a statement to the official agency and its follow-up (Mawazin News): “Iraq’s GDP exceeded $260 billion, which makes the ratio of external debt compared to the domestic product at a very low level,

which opens the door to a new stage of external financing, but on well-thought-out terms,” pointing out that “Iraq’s external public debt has witnessed a significant decrease, falling from $20.9 billion to $9.8 billion dollars.” He stressed the importance of financing being directed towards productive projects capable of repaying their debts on their own, rather than focusing on consumer or unconstidered projects.

Regarding current investments, Al-Daraji pointed out that “the volume of local and foreign investments in Iraq is about 60 billion dollars, most of them in the real estate and housing sector, which is good,” stressing the need to strengthen the role of the Iraqi investor and support the diversification of investments. He pointed out that “there is a large monetary mass among citizens outside the banking system, which makes it economically useless if it remains stored in homes,” calling for “transferring these funds into investment projects that contribute to converting them into assets that support the national economy and promote sustainable development.”

https://www.mawazin.net/Details.aspx?jimare=259408

TIDBIT FROM MILITIAMAN, 7 FEB

Militia Man

Iraq's had restrictions on her currency and currency transfers. She hasn't been on the Forex in an international capacity.

Why?

Because...it has to do with the IMF...obligations...compliance and it has to do with currency transfers across the world for trade... The central bank is talking like she's going international...

That sounds like having the ability to move her money, which is the dinar, across borders and to do trade.

It looks like Iraq has the ability to fully access the IMF's compliance with Article VIII and Article IV of IMF's requirements...which promote free convertibility of member currencies...It looks to me Iraq has gone as far as she possibly can in making an announcement...

DINAR REVALUATION

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