A2Z UPDATE : Trigger groups have been activated and are receiving funds!!! #iraq #iraqidinar

 

Sharp fluctuations in the value of the Iranian currency amid regional tensions between Tehran and Tel Aviv.

  Sharp fluctuations in the value of the Iranian currency amid regional tensions between Tehran and Tel Aviv.

Iranian markets have witnessed sharp fluctuations in the Iranian toman's exchange rate over the past few days, directly influenced by the escalating geopolitical tensions between Iran and Israel. The US dollar's exchange rate against the toman reached 9 million tomans at the height of talk of a possible direct war, after it had been expected to reach 10 million.

But with signs of calm and de-escalation between the two sides, the value of the toman has risen again, amidst a state of uncertainty that has gripped the market.

Decrease in trading volume and warnings against risk

"We sold the dollar for 7.6 million dinars, but we didn't buy back because of the price fluctuations," Kawa Yahya, an exchange office owner, told a Kurdistan 24 reporter. "The price had risen to 9 million tomans this morning due to the escalation, but later dropped to 7 million, which represents a difference of nearly 2 million in a very short period."

Money changers confirmed that toman banknotes are becoming less available in the market, and that daily trading volume has fallen to approximately 60% compared to previous levels.

Conditional optimism and expectations of more volatility

For his part, Shawan Muhammad, an exchange office owner, said, "After the calm, the toman began to regain some of its value, but its fate remains uncertain. There is talk of an impending agreement between the United States and Iran, and if it actually materializes, the toman will regain its strength. So far, Tehran has not conceded its interests, so we expect the market to remain volatile."

Observers believe that any new security or political unrest among the countries of the region would immediately impact the toman's exchange rate and trading volume in the Iranian market.

Despite the lack of stability, approximately 10 billion tomans are still traded daily, a source of concern for traders who face significant financial risks amid the lack of clear guarantees regarding the future of the Iranian currency.   link

TIDBIT FROM FRANK26: $4.81 is where they want to cap it

Frank26 

 Question: "Will there be a time limit to exchange?  

Will the CBI allow us to see $4.81?" 

 I believe there will be a time frame but it'll be way down the road and yeah, $4.81 is where they want to cap it. 

 You'll see it because it's going to be happening at that time.  You'll see it as it floats...  

IRAQI BANK FRIEND AKI UPDATE: I have to go back because we're waiting for the new rate!! #iqd

 

Stay tuned... an expanded meeting will be held tomorrow in Baghdad to discuss the re-export of the region's oil.

 Stay tuned... an expanded meeting will be held tomorrow in Baghdad to discuss the re-export of the region's oil.

Iraqi parliament member Sherwan Dubardani confirmed on Saturday that a delegation from the Kurdistan Region, headed by the Minister of Natural Resources, had arrived in Baghdad. He explained that the capital would host an expanded meeting tomorrow between the Kurdistan delegation and the federal government to discuss the re-export of the region's oil.

"The Kurdish delegation is currently holding a meeting, and an expanded meeting between Erbil and Baghdad is expected to be held tonight or tomorrow, Sunday, to discuss the region's oil file," Dubardani said in a statement monitored by Al-Masry.

Kurdish media outlets quoted political sources regarding the upcoming meeting, stating that it will include Deputy Prime Minister Fuad Hussein, the Iraqi Oil Minister, a representative from the Iraqi State Oil Marketing Organization (SOMO), the Kurdistan Regional Government's Minister of Natural Resources, and a delegation from the region heading to Baghdad.

She pointed out that "a joint statement on the outcomes of the meeting is expected to be issued after its conclusion."  link

EXCERPTS FROM MARKZ

 EXCERPTS FROM MARKZ

 MZ: I did finally get in touch with one of my redemption center/wealth management folks ….He was told they are not working this weekend but be in early on Monday…. They were told to enjoy the weekend because they would be working some very long hours over the next 2 weeks. 

MZ: I hope that means us. 

Member: PNC Bank just issued a late night notice to their staff regarding the Dinar and Dong

Member: Mr. Cottrell was informed we are quite close. He stated this yesterday.

Member: I’m looking forward to seeing how this plays out….It’s been one hell of a journey.

Member: Hope everyone has a wonderful weekend. And hope this is our last weekend broke.

MNT GOAT: WHAT TOLD ME MY CBI CONTACT HOW WILL ARRIVE OUR RV ‪@DINARREVALUATION‬ #iraqidinarinvestor