This is exactly what we want to hear at this point in time! "Mazhar Muhammad Salih, confirmed that the public's increasing conviction in using electronic payment cards for travel purposes or paying dues to small companies has achieved great success in reducing the size of the parallel market for the US
dollar, which has contributed to its gradual decline.'
1.) A massive devaluation is coming from China on some currencies, which will positively affect the currencies we’re invested in, in terms of a massive revaluation, to include oil, cryptos and precious metals. Which by the way, oil went below $65 yesterday morning.
2.) An actual resident in Zimbabwe confirms that a coup is being established by the Zimbabwe citizens to get Mangangwa out and replace him with none other than Nelson Chamisa! The Zim bonds backed by gold are worth an absolute fortune!
3.) Guess who leads the way in sales is semiconductor chips globally at a whopping $5.25 Billion? That’s right Vietnam! Think that boasts well for them and their respective GDP? Not to mention the Dongs value?👀🙏✅🥳🥳🥳
GOVERNMENT ADVISOR: ELECTRONIC PAYMENT ENHANCES DINAR STABILITY, SHRINKS PARALLEL MARKET
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the public’s increasing conviction in using electronic payment cards for travel purposes or paying dues to small companies has achieved great success in reducing the size of the parallel market for the US dollar, which has contributed to its gradual decline.
Saleh explained in a statement to {Euphrates News} agency, that “the modern monetary policies that were recently implemented have proven their effectiveness in achieving financial and economic stability, as annual inflation rates have decreased to levels not exceeding 3%, which reflects the strength and stability of the Iraqi dinar against foreign currencies.
The financial advisor pointed out that the new monetary policy tools adopted by the Iraqi government, in cooperation with the Central Bank, have directly contributed to directing cash liquidity towards official channels,
which has enhanced public confidence in the dinar and led to a reduction in informal transactions in the dollar.
Saleh stressed the importance of continuing efforts to enhance the use of electronic means in financial transactions, given its pivotal role in supporting the national economy and combating illegal practices associated with the parallel currency market.
He stressed that these achievements come within the framework of a comprehensive strategy aimed at achieving sustainable financial stability and enhancing the confidence of citizens and investors in the future of the Iraqi economy, calling on all segments of society to engage more in the use of electronic payment tools in the interest of the national economy.
💰 U.S. Sanctions on Iran: The U.S. plans to implement maximum pressure on Iran by targeting its financial systems and oil sector.
🛢️ Impact on Oil Sector: Significant losses in Iran’s oil revenues are anticipated due to U.S. sanctions, affecting regional economies.
📈 Currency Fluctuations: The exchange rate of the U.S. dollar against the Iraqi dinar is in focus, highlighting economic instability in the region.
🌍 Regional Interconnectedness: Iran’s economic decline is expected to have a direct impact on neighboring countries, particularly Iraq.
📉 Financial Opportunities: The speaker promotes alternative investment strategies through a newsletter, suggesting better opportunities than traditional currencies.
🤖 Drone Manufacturing Concerns: The U.S. aims to disrupt Iran’s ability to manufacture drones, which have been used in conflicts, including in Ukraine.
Key Insights
📉 Geopolitical Tensions Affect Economics: The announcement from the U.S. Treasury Secretary illustrates the link between national security and economic stability. The U.S. position on Iran not only reflects its foreign policy but also has significant ramifications for the global oil market and regional economies. By targeting Iran’s financial systems,
the U.S. is essentially trying to curb its influence in conflicts where it has been involved, like the Syrian war and tensions with Israel.
💵 Oil Revenue Decline: The projected loss of $20 billion in oil revenue due to sanctions signifies a major economic setback for Iran. This financial strain will likely lead to increased domestic instability and could result in public discontent. The potential ripple effect on Iraq, a neighbor that relies on Iranian gas and oil, could exacerbate economic challenges in both countries. As Iran struggles to maintain its oil supply chains, Iraq may face energy shortages, impacting its economy.
🌐 U.S. Dollar vs. Iraqi Dinar: The fluctuating exchange rate of the U.S. dollar against the Iraqi dinar highlights the uncertainty in the region’s economic climate. The current rate at 14,835 dinars for 100 dollars suggests that the dinar is under pressure, possibly due to external factors like sanctions on Iran and internal economic challenges. This situation underscores the importance of monitoring currency trends for investors and policymakers alike.
🛠️ Investment in Alternative Opportunities: The speaker’s emphasis on investment strategies that may yield better returns than the Iraqi dinar suggests a shift in focus for investors. This could be a response to the instability in traditional currency markets, advocating for a more proactive approach to securing financial future through diversified investments. The newsletter mentioned serves as a resource for those looking to explore new avenues for passive income.
🚀 Drones and Military Capabilities: The U.S. plan to disrupt Iran’s drone manufacturing capabilities further emphasizes the military dimension of economic sanctions. Drones have been used in various conflicts, indicating that their production is not merely a commercial activity but a significant aspect of Iran’s military strategy. This could lead to an escalation in tensions if Iran seeks alternative means to procure or develop these technologies.
🏗️ Regional Economic Dependencies: The interconnectedness of Iran and Iraq’s economies presents a complex web of dependencies. As Iran faces economic pressure, Iraq may find itself unable to maintain its energy needs, which could lead to a broader regional crisis. The historical and economic ties between these two countries mean that shifts in one will invariably affect the other, highlighting the need for comprehensive regional policy planning.
⏳ Urgency of Information: The call to subscribe to the newsletter reflects the fast-paced nature of economic developments in the region. Staying informed is crucial for making timely investment decisions, particularly when geopolitical events can rapidly alter the landscape. This urgency is underscored by the fact that traditional investment strategies may not suffice in times of instability, urging viewers to seek out fresh, timely insights.
