REINALDO JC
Tuesday, March 4, 2025
REINALDO JC: WHO IS REALLY IN CHARGE OF THE CBI AND THE CHANGE ON THE IRAQI DINAR RATE IS TRUMP, WE ARE WAITING FOR HIM, 4 MARCH
Reasons For The Decrease In The "Temporary" Dollar Exchange Rate In Iraq, 4 MARCH
Reasons For The Decrease In The "Temporary" Dollar Exchange Rate In Iraq
Economy | Baghdad today – Baghdad The specialist in the economic affairs, Nasser Al-Tamimi, commented today, Sunday (2 March 2025), the continuous decrease in the dollar exchange rate in the local markets days ago.
Al -Tamimi told "Baghdad Today", that "the decline in the exchange rate of the dollar in the local markets is temporary, due to the lack of demand for it currently in the market due to the month of Ramadan, where there is a decline in the demand process as well as shopping in dollars such as cars, real estate and other issues sold in dollars."
And that "this decrease is temporary and will return to rise again, especially with the near days of Eid Al -Fitr, after which it will return to its position between (150 and 151) per 100 dollars," noting that
"this decrease did not come due to real remedies for this long time, but the
real reason is the lack of
demand during these days."
The dollar exchange rate continued, today, Sunday (2 March 2025), a decrease in the local stock exchange, down to record levels for the first time in several months.
The "Baghdad Today" correspondent said that the dollar prices, on the struggle and Al-Harithiya stock exchanges in the capital, Baghdad, recorded, on Sunday afternoon 146,800 thousand dinars for $100.
https://baghdadtoday.news/268975-أسباب-انخفاض-سعر-صرف-الدولار-المؤقت-في-العراق.html
GOLDILOCKS UPDATE, 4 MARCH
GOLDILOCKS
Iraq's Central Bank announced last week it had banned five more Iraqi banks from engaging in U.S. dollar transactions in an effort to combat money laundering,
dollar smuggling, and other violations that would benefit Iran financially.
https://thesoufancenter.org/intelbrief-2025-february-26/#:~:text=Iraq's%20Central%20Bank%20announced%20last,that%20would%20benefit%20Iran%20financially.
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Central Bank: Gold Reserves Grow By 45.1 Percent, 4 MARCH
Central Bank: Gold Reserves Grow By 45.1 Percent
Sunday 02 March 2025 11:30 | Economic Number of readings: 339 Baghdad / NINA / The Central Bank of Iraq announced today, Sunday, that gold reserves recorded a growth of 45.1 percent.
The Central Bank said in a statement: "The gold reserves of the Central Bank of Iraq recorded a growth of (45.1%) in the fourth quarter of 2024 compared to the same quarter of the previous year, as they rose from (12.29 trillion dinars in the fourth quarter of 2023 to (17.83) trillion
dinars for the same quarter in 2024 as a result of the increase in the amount of gold and gold prices."
He added that "this carries great benefits as it enhances economic and financial stability and protects against risks, and is considered an important tool for intervening in the exchange market." /https://ninanews.com/Website/News/Details?key=1189541
FRANK26…5-28-26….THINKING
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