DINAR REVALUATION

Wednesday, February 12, 2025

CRYPTO TRADER: Iraq implemented the system ASYCUDA and last week joined the TIR system #iraqidinar

The Eighth Arab In Corruption .. Iraq Is Making Progress On The List Of The Most Transparent Countries In The World., 12 FEB

The Eighth Arab In Corruption .. Iraq Is Making Progress On The List Of The Most Transparent Countries In The World

Economy Iraq Breaking a report Global transparency 2025-02-10 Shafaq News/ Iraq climbed to the 140th place in the world in the list of the most transparent countries in the world, while it ranked eighth among the list of Arab countries that will be the most corrupt for the year 2024 out of 180 listed in the table.

Transparency International said in a report issued today, Tuesday, and was reviewed by the Shafaq News Agency, that

"the corruption perceptions for the year 2024 shows that corruption is a serious problem in every part of the world, but the change towards the best happens in many countries," noting that

"Corruption perceptions with 180 countries and regions around the world according to the levels of corruption in the public sector. She added that

Denmark ranked first in the least corrupt and transparent countries in the world with 90 points, followed by Finland, which ranked second with 88 points, then Singapore ranked third with 84 points, and New Zealand, which ranked one ranked fourth with 83 points, came Luxembourg Fifth with 81 points. According to the report,

"Iraq ranked 140th globally with 26 points, three points, with the year 2023, and the eighth rank among the most corrupt Arab countries, where countries advanced by: Somalia, Syria, Sudan, Yemen, Libya, Ertia, and Lebanon as the most Arab countries Corruption.

The UAE ranked first in the Arab world and the 68th rank in the world's most transparent countries, followed by Qatar second, Saudi Arabia third, Oman Fourth, and Bahrain Fifth.

South Sudan, Somalia, Venezuela, Syria, and Yemen won the highest ranks by occupying the last ranks in the table, according to the report.

The organization issues an annual report on corruption, which is an evaluation of a scale from zero to 100 countries that classify countries from the most to the least corruption, and

the report is based on statements that the organization gathered from 13 international agencies, including the World Bank and the World Economic Forum. https://shafaq.com/ar/اقتصـاد/الثامن-عربيا-بالفساد-العراق-يحرز-تقدما-ضمن-قا-مة-الدول-ال-كثر-شفافية-بالعالم

TIDBIT FROM CLARE, 12 FEB

Clare

Article: "In light of the liquidity crisis... Why doesn't Iraq resort to printing more currency?"

Quote: "Iraq is facing increasing challenges due to the scarcity of cash liquidity, which negatively affects the markets and daily financial transactions...

The Iraqi government...suffers from a chronic shortage of this currency, which affects its ability to meet its financial obligations to pay employee salaries, repay debts, and finance projects ..."

Article Quote: "A source in the Central Bank of Iraq spoke about details related to the process of printing Iraqi banknotes, indicating that the currency was previously printed in Switzerland,

but the printing is currently done at the British Institute in London, which is considered one of the most prominent institutions specialized in printing currencies globally...According to the same source, the cost of printing one banknote ranges between 4 and 5 US cents..."

MZ: I think it’s the calm before the storm! @DINARREVALUATION #iraqidinarinvestor #iraqidinar

Bank Deposits Retreated, 12 FEB

Bank Deposits Retreated

Economic 1225/02/12 Yasser Al –Mitwalli Iraqi banks have gone through a golden period in the field of returning confidence by depositors in banks after partial stability was achieved with a monetary policy by the central bank in supporting the banking sector that contributed greatly to encouraging depositors in reconciliation with banks.

Here, the topic reduced exclusively (the public deposits) because of its importance in motivating banks to contribute to development programs by expanding loans.

It is useful to note that the banking sector has gone through challenges after the stage of change, especially in the field of borrowers ’failure to pay their loans that help them.

On the other hand, it led to the paralysis of the banking activity, and a part of the banks were crushed.

To the secretariat, the efforts of the central bank years ago resulted in the return of confidence between the parties to the process, the depositors, and the borrowers.

However, reports indicate that deposits decreased in Iraqi banks to (123 trillion dinars in November 2024, which is the lowest level in 22 months), according to these reports.

But what happened to the return of this loss of confidence?

The answer is definitely related to imposing US sanctions on a large number of these banks, and

here is an analytical of the reasons, as I see it, has nothing to do with whether the readings are right or without the right to not explain the real reasons behind these sanctions that I am certain that there is a political side behind the decisions, with acknowledgment of violations. Do not deserve this harsh decision. Perhaps some depositors' concerns about the return of the chaos of the clouds indicating the return of loss of confidence and fears of bankruptcy of banks.

On the other hand, the Central Bank indicated that deposits growth by 4.2 percent during the third chapter of 2024 compared to the same period of the previous year,

but what increases the mud with the worse of confusion and confusion, which promoted it from the loss of liquidity that may disrupt lending and productive projects, with funds turning into investments An alternative like real estate and gold.

From here, banks must develop their banking services to

     ensure the continuation of the market and
     adhere to restoring confidence in addition to developing and
     expanding the role of the deposit guarantee company, transparently and clearly.

Perhaps the repeated financial crises that some countries have gone through have been able to diagnose the defect and find solutions while raising the level of banking culture among the public in full transparency, regardless of the size and details of the financial crises to ensure their exception.

Banks need to develop their media awareness offices.     https://alsabaah.iq/110029-.html

TIDBIT FROM MNT GOAT, 12 FEB

Mnt Goat

Article: "THE DILEMMA OF LINKING BAGHDAD TO TEHRAN: US SANCTIONS 'WILL DESTROY IRAQ'

BEFORE IRAN" This situation with Iran has to be worked out... I am here to tell you that this is not pretty for Iraq. What will Iraq do? Will they comply with the U.S. request and work to stop these dollars to Iran or will Rafidian bank go under severe US sanctions?

...there is absolutely NO WAY that U.S. is going to allow the Iraqi dinar to revalue and float back on FOREX markets unless these situations are taken care of.

...In the long run we all should know that this is going to work itself out and Iraq will be successful it just may be a little later than sooner...this situation could change very quickly and we are not talking about years or even months.