DINAR REVALUATION

Monday, May 26, 2025

NADER FROM MID EAST: Do you know Israel is always play victim but they kill everybody

With The Stock Market Closing At The Beginning Of The Week, The Dollar Price Fell In Baghdad And Rose In Erbil

With The Stock Market Closing At The Beginning Of The Week, The Dollar Price Fell In Baghdad And Rose In Erbil

May 24, 2025 Economic Number of reads: 88 Baghdad/ NINA / The dollar prices decreased in Baghdad markets, while they rose in Erbil with the closing of the stock exchange at the beginning of the week.

The dollar prices recorded a decrease with the closing of the Al-Kifah and Al-Harithiya stock exchanges, recording 141,950 dinars for $100, while this morning it recorded 142,100 dinars for $100.

The selling prices in the exchange sector in the local markets in Baghdad witnessed stability, as the selling price reached 143,000 dinars for $100, while the purchase price reached 141,000 dinars for $100.

In Erbil, the dollar recorded an increase, as the selling price reached 142,200 dinars for every $100, and the purchase price reached 141,800 dinars for $100. /End https://ninanews.com/Website/News/Details?key=1228776

FIREFLY: Sammy says we are soon to expect to hear that the official rate has matched that of the official CBI rate

Frank26

[Iraq boots-on-the-ground report]

FIREFLY:TV is showing...that the President of the United States gave Iran two weeks to remove all of its armed factions from Iraq.

FRANK: In those two weeks we'll gain security and stability...I like the timing.

FIREFLY:Sammy says we are soon to expect to hear that the official rate has matched that of the official CBI rate. That will be our first key, that will be our first clue...Soon after watch for those new lower notes they were threatening you with...

FRANK: Things are moving exactly as they should. This is very exciting. I can't believe they told you that [that they'll come out with new currency if the citizens don't bring in their 3 zero notes to the bank]

MARKZ: When those two came together- we would see a change in value of the dinar!! #iqd #iraqidinar

A Government Advisor Reveals A "Dangerous Paradox" In The Private Banking Sector.

A Government Advisor Reveals A "Dangerous Paradox" In The Private Banking Sector.

Time: 2025/05/24 Read: 3,240 times {Economic: Al Furat News} The Prime Minister's economic advisor, Mazhar Mohammed Salih, affirmed that restructuring the banking sector is a fundamental and important step toward enhancing the stability of the financial system and supporting economic development in Iraq.

Saleh explained in a press statement that this restructuring aims to better organize cash flow management and improve the efficiency of the state's financial liquidity, which will contribute to alleviating financial pressures on the public treasury.

He pointed out that there is a clear division in the banking market, as private banks own more than 78% of capital, but contribute a limited percentage not exceeding 20% of financing and deposit operations.

Saleh stressed that the banking restructuring is a comprehensive process that includes modernizing the infrastructure of government banks, enhancing the efficiency of asset and liability management, and developing governance systems in line with international standards.

He added that these measures will increase the banking sector's ability to effectively contribute to the gross domestic product, expand the scope of financing and lending for development projects, which supports economic growth and reduces dependence on oil revenues.

He emphasized that the current financial and monetary challenges, particularly oil price fluctuations and liquidity pressures, require accelerating the implementation of reforms, including increasing bank capital and modernizing operating mechanisms, to enhance the stability of the banking sector and improve the management of public financial resources.

At the beginning of this year, the Iraqi government announced plans to restructure state-owned banks, most notably Rafidain and Rashid Banks, with the aim of transforming them into more modern and efficient financial institutions capable of meeting the needs of the growing Iraqi economy.

In its session held on January 13, 2025, it also decided to establish a completely new bank based on the latest digital banking technologies, aiming to provide integrated banking services to individuals and companies, both inside and outside Iraq.

This new bank has been named "Rafidain First Bank" and will start with an initial capital of 500 billion Iraqi dinars (approximately $381.8 million), with the goal of reaching a final capital of one trillion Iraqi dinars (approximately $763.7 million). The state's contribution to this capital will be 28%. LINK

MARKZ: When those two came together- we would see a change in value of the dinar!!

EXCERPTS FROM MARKZ

Member: Bank story: Called credit union 5/23 2 ask when credit cards wld be relinked on app (every1 rec’d new tap cc’s in May). I said “this new QFS sys” is gonna b gr8!” She agreed & said it’s coming soon!

MZ: “US State Department SPOX (spokesperson?) hails Kurdistan regions $100 billion energy deals with American firms” This is coming at a key time.

MZ: We also have “US Department of State Secretary Rubio and Barzani at Friday 1:30 pm est and 8:30 pm Erbil” they met in the US and they had two different meetings I was told. It was hailed as a “breakthrough” for oil to start flowing from that region and for them to settle all disputes between Baghdad and the Kurdish region.

Member: MarkZ, please enlighten us regarding what must still happen before we RV.

MZ: I was told over a decade ago that when those two came together- we would see a change in value of the dinar. That is why I watch this.