DINAR REVALUATION

Monday, May 19, 2025

Mayhem w/ Mel💥◾️🌠 💥Updates💥 about THE EXCHANGE & REDEMPTION CURRENCIES #iraqidinar #iraq

Internal And External Factors...The Reasons For The Dollar's Decline In The Local Market

Internal And External Factors...The Reasons For The Dollar's Decline In The Local Market

Buratha News Agency1092025-05-18 Economist Safwan Qusay confirmed on Sunday that the decline in the value of the dollar in the informal market is the result of a combination of several internal and external factors, most notably recent developments in Syria and the banking reforms initiated by the Iraqi government.

Qusay said in a press interview that "the value of the dollar in the informal market was affected by recent events in Syria, as Damascus was within the circle of prohibited transfers. However, the lifting of sanctions and the reversal of transactions towards Syrian markets contributed to reducing demand for the dollar in the informal market."

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He added, "Lebanese markets, which had previously refrained from direct dealings with Iraqi banks, have recently begun dealing directly with them, which has also been reflected in a decline in demand for dollars on the parallel market."

Qusay explained that "the banking reforms initiated by the Iraqi government in cooperation with Oliver Wyman, which included opening windows for international correspondents and expanding the scope of investigation into entities requesting dollars from the informal market, helped to organize their affairs and shift them toward dealing with official banks and benefiting from the official exchange rate of 1,320 dinars to the dollar."

He pointed out that "most traders are hesitant about imports due to the ongoing trade war between Russia and the European Union on the one hand, and the United States and China on the other, in addition to the mutual tariffs, which in turn have contributed to a decline in demand for the dollar."

The economic expert noted that "the upcoming understandings regarding reciprocal taxes between the United States and China will positively impact the price of a barrel of oil, leading to a further decline in demand for the dollar in the informal market."

He emphasized that "these measures, which represent a combination of government reforms and international variables, have helped reduce the value of the dollar in the informal market, alongside the decline in the dollar's global price due to the US administration's desire to repay its $36 trillion foreign debt with a weak dollar. This also depends on the US Federal Reserve's renewal policy and interest rates." https://burathanews.com/arabic/economic/460279

MIKE BARA UPDATE

MIKE BARA

Well, obviously the "Friday Night" window has come and gone, and once again, nothing. Now we pivot to the weekly "Sunday after the Forex opens" window.

I am going to spend the day watching sports and enjoying as much of my current life as I can. This whole thing is in the hands of people who don't give a shit about you or me. If they did, this would have been done a long time ago.

They think they are the important ones. The reality is that every prosperous economy ever created has been bottom up, not top down. Time to withdraw our support from the people who are holding everything back.

They are the problem, not the solution. AFAIC, this is their last chance to do what's right by the American people and the world.

ADAM STEPHENS: The Arab Nations want to announce multiple currency revaluations!! #iraqidinar #iraq

Baghdad Summit: Iraq hailed as "recovered nation"

Shafaq News/ On Saturday, Arab League Secretary-General Ahmed Aboul Gheit described Iraq as a ‘’recovered nation’’, citing its successful hosting of the 34th Arab League summit in Baghdad.

Speaking alongside Iraqi Foreign Minister Fuad Hussein, Aboul Gheit noted that Iraq is chairing both the political and economic summits for the first time in the League’s history—an unprecedented step that reflects Baghdad’s growing regional role.

He also outlined a series of initiatives launched by Baghdad, including the formation of a high-level ministerial committee made up of Iraq, Bahrain, the Arab League Secretary-General, and any other Arab states willing to join. The committee is intended to help bridge divisions and enhance coordination among member states.

Additionally, Aboul Gheit pointed to Iraq’s Economic Reform Charter, welcoming the country’s proposals to establish financial support mechanisms for both Palestine and Lebanon.

Highlighting the humanitarian crisis in Gaza, he noted that at least 40,000 children have been orphaned. He also welcomed Iraq’s recent efforts, including a $20 million pledge for Gaza’s reconstruction, and another $20 million for Lebanon —initiatives that, he added, reflect Iraq’s ''renewed momentum'' and deepening regional engagement.

FIREFLY UPDATE

Frank26

[Iraq boots-on-the-ground report]

FIREFLY:Television says Syrian debts to the World Bank which is about $15.5 million was just paid off by Saudi Arabia and Qatar.

Your president is gone but the shadow that he's casted over the Middle East is causing peace all over the place...