IRAQ STOCK EXCHANGE TO JOIN TABADUL DIGITAL TRADING PLATFORM
The Abu Dhabi Securities Exchange (ADX), the UAE’s largest financial market, has signed an agreement with the Iraq Stock Exchange and the Iraqi Securities Commission (ISC), paving the way for Iraq to join the regional digital trading platform, Tabadul.
The signing ceremony was held at ADX headquarters on Tuesday.
The agreement follows a preliminary accord announced in January, aimed at enhancing cooperation between the capital markets of Iraq and the UAE. The partnership will focus on technology, innovation, post-trade systems, and the exchange of best practices.
By joining Tabadul, Iraq becomes the platform’s ninth member, enabling seamless cross-border trading between Iraqi and Emirati investors and brokers. The platform allows remote market access and supports participation in IPOs across member exchanges, broadening investment horizons.
Where do I begin today with all the VERY GOOD news for this period. Lots of smiling faces. I am trying to keep this Status of the RV short and concise, but it is hard, as there is so much very good news to report to you. No, the RV has not yet happened.
It is not yet over! Whoever is telling you this is an idiot. We have no word from the Central Bank of this move occurring or staged in the near future. The IQD is NOT yet trading on FOREX. Sorry, all you idiot intel gurus out there.
You should all grow up and do your own diligence and research before coming out on your conference calls, YouTube and other social media with your nonsense.
Now, let’s get to the REAL news. Yes, no fantasies or lies, just the FACTS.
The first set of articles deal with the currency rise of the dinar over the dollar. Oh WOW! We should be all excited but please no knee-jerk reactions, at least not yet.
We should not get too excited over this news. This is not an RV. Instead, is said to be temporary and in the numerous articles today they tell you why. However, having said this, there is still great potential for an adjustment in the dinar rate and this is a good sign that the CBI is making progress with its currency reforms and its is kicking in. We witnessed so many banking and financial reforms in the past couple years. Also, I want to bring an article from the past (April 15th) to you once again telling us the black market (parallel market) may soon be completely gone come this June 2025. Why did they tell us this? They told us this because the remaining 5% of the cash payments for imports will be moved over also to the correspondent banks, as was the other 95% last December 2024. This will finally kill the remaining 5% of the black market. Hurrah, hurrah! This had to be done and the CBI told us this years ago. It is about to be reality,,,,,, finally!
😊 I just want everyone to note how many articles we read over this effort and now it is finally going to be done.
Todays news is mostly all about the dinar as it has posted steady gains against the dollar in the parallel market in recent days, reaching 144,350 dinars per $100 (1443) in Baghdad on Saturday, compared to around 150,000 dinars per 100 (1500) a month ago.
Why is this so important?
To totally control the dollar market is important for three main reasons:
1. The US Treasury has told the CBI they must de-dollarize and control the dollar first prior to any reinstatement (free use of the dinar globally). The US Treasury has to approve the reinstatment,
2. It will prevent the corrupt practices and funneling of money to terrorist organizations (Iran),
3. The most important reason to us as investors is that reforming away from the US dollar enables the implementation of Iraq’s own currency – the dinar in international trade. This is the part that will eventually lead to a high demand for the IQD as the WTO policies kick into effect (but not yet).
Now, I need everyone to understand something more about the news today. Iraq is excited and so should we be. I need you to see how volatile the dollar market is in Iraq. Yes, volatile right now and how it can change very suddenly when certain conditions effect it. Volatility means there can be sudden swings. But will the swings last? This is our concern and study for today. I believe the overall swing will be upward, then a large “pop”.
I am telling you this because the dinar situation can change very suddenly once the right policies are effective. This process is not going to take months or years more. Get it? Can you see it from today’s news?
WASHINGTON APPOINTS THE “BEST MAN” FOR TECHNICAL NEGOTIATIONS WITH IRAN NEXT SATURDAY.
The administration of US President Donald Trump appointed on Thursday senior State Department official Michael Anton to lead the US team in the technical negotiations between Iran and the United States scheduled for next Saturday in Amman.
Politico reported that Anton, the State Department’s director of policy planning, will lead a team of about a dozen people, mostly career officials from across the government, to hammer out the details of an agreement that would impose significant restrictions on Iran’s nuclear program in exchange for sanctions relief.
He worked with Trump before.
This increasingly infntial administration official served on the National Security Council during the first Trump administration and then served as a fellow at the conservative Claremont Institute.
However, he has not announced any public position on the Iranian issue, which has long sparked intense and divisive controversy in Washington.
A US administration official described him as the ideal person for the position, given his experience and acumen. He added, “More importantly, he will ensure the implementation of Trump’s agenda on this issue.”
Secretary of State Marco Rubio announced in an interview with the Free Press yesterday that Washington is seeking an arrangement that would allow Iran to import enriched uranium fuel from abroad, so it can develop a civilian nuclear program.
Meanwhile, US Special Envoy to the Middle East Steve Witkoff previously spoke of the possibility of allowing Tehran to enrich uranium to 3.67 percent, the level stipulated in the 2015 nuclear agreement.
It’s worth noting that during his first term in 2018, Trump withdrew from the 2015 agreement and reimposed harsh sanctions on Tehran, which remained committed to the agreement for a year afterward before beginning to reverse its commitments. At the time, he described the nuclear agreement, concluded under his predecessor, Barack Obama, as “the worst deal ever negotiated” with Iran.
Meanwhile, the International Atomic Energy Agency (IAEA) stated in its latest report, issued last February, that Tehran possesses 274.8 kg of uranium enriched to 60%, far exceeding the 3.67% limit set by the 2015 agreement, bringing it closer to the 90% threshold required for use in nuclear weapons.
"THE RISE IN THE VALUE OF THE NATIONAL CURRENCY HAS LOCAL AND INTERNATIONAL CAUSES"
"The Iraqi dinar's exchange rate against the US dollar has witnessed a significant improvement over the current period, supported by a number of internal and external factors.
Most notably, the country's large financial reserves, the prudent monetary policies pursued by the Central Bank of Iraq, and signs of a thaw in US-Iranian relations have
combined to boost the value of the national currency. Deputy Governor of the Central Bank of Iraq, Dr. Ammar Hamad, said that the improvement in the Iraqi dinar's exchange rate against the dollar in local markets is due to the central
bank's recent policy.
CHoo
It's happening......
dalse choo chee! The pressure is going to force a new rate to
come out. It's not "if" but "when". Let's explore this in more detail in today's news.
I just want to make something clear here. Most of us are in different platforms or an independent as we all have different news on what is happening.
Mark Z only goes by what his bond holder contacts tell him and those bond holders still have not either not received their notification or their blessing yet.
My whale for the yellow dragon bonds is still waiting for his notification as so many others .
But there are platforms like the Pentecostal group that are ready to go and other platforms which I cannot mention due to my NDA that have liquid money ( spendable money ) and they will be releasing the money to their members any day now.
It is a process so it will take a few days for those funds to be release .
Some private contracts are also ready to go as well as all contracts have been signed and coded. They are just waiting to hear from Wells Fargo to know when those funds will hit their account.
Be patient as this has only just started and we expect to receive those notifications for 4B any day now as I’m sure that will be very emotional for all of us as we will also have access to the medbeds as well.