TIDBIT FROM KAPERONI, 19 JAN

Kaperoni 

  Mudher Muhammad Saleh, former deputy governor of the Central Bank of Iraq stated years ago, Iraq has about 16 trillion dollars worth of minerals in the ground including oil...

There is no way they could significantly RV the dinar with the amount of currency in circulation  (currently about 100 trillion dinar). 

 Only a gradual reduction of the currency as a result of the economic growth in diversification would make any sense. Not to mention, the world would not accept any arbitrary or random value.

MILITIAMAN: They're looking for an exchange rate change because that's what's going to happen.

 

Real Estate Bank: Electronic payment services achieved three times the collection amounts received in cash, 19 JAN

 Real Estate Bank: Electronic payment services achieved three times the collection amounts received in cash

Economy News _ Baghdad

The Real Estate Bank announced on Friday that electronic payment services achieved three times the collection amounts collected in cash.
“The bank took several measures during 2024, including the launch of payment, collection and collection services electronically under the guidance of the Prime Minister within the government program of the Ministry of Finance,” said the director of the bank, Abbas Al-Jawaheri, in an interview with the Iraqi News Agency, followed by “Economy News”.

He added that “the results of these procedures were positive and resulted in the collection of three times the collection amounts that the bank was obtaining through cash payment.”

The Real Estate Bank stated earlier, that “in implementation of the directives of the Prime Minister and Minister of Finance and under the guidance and follow-up of the Director General of the Real Estate Bank, Abbas Al-Jawaher, we announce a qualitative breakthrough in providing its services to citizens by launching the service of the electronic payment and through the mobile application.”
He added that “this achievement is part of a series of achievements that aim to overcome the routine and provide the best banking services to citizens in an easy and flexible way.”

https://economy-news.net/content.php?id=52044

TIDBIT FROM MNT GOAT, 19 JAN

  Mnt Goat  

Article quote:  “possibility of transferring the dollar to trading platforms in the stock market, to be sold to those entitled to it through direct transactions instead of sending the dollar exclusively to banks”, 

 “stressing the need to organize these operations by switching to the “Forex” market,” ... 

WOW! WOW! WOW!  Did they just suggest using the trading platforms in the stock market i.e FOREX…. You gotta luv it… Music to my ears….

MAJEED: Electronic payment in Baghdad became mandatory!! @DINARREVALUATION #iraqidinarinvestor

 

Iraq: The road linking Faw Port to the submerged tunnel to be completed, 19 JAN

Iraq: The road linking Faw Port to the submerged tunnel to be completed

INA - BAGHDAD

The General Company for Ports in the Ministry of Transport announced on Saturday that next February will witness the announcement of the completion of the road linking Faw Port and the submerged tunnel by 100 percent.

"By February 2025, the completion of the largest section of the road linking Faw Port to the submerged tunnel will be announced, which is 51 km long, with a completion rate of 100%," said the Director General of the company, Farhan Al-Fartousi, in a statement - received by the Iraqi News Agency - INA.

Al-Fartousi added, "Work on the other sections of the connecting road is proceeding at a good pace, as the completion rates have reached more than 98% in Bridge No.1 and Bridge No.2, which are part of the road project."

Regarding the submerged tunnel project, he indicated that "the actual floating of the tunnel (i.e. starting to raise the concrete blocks to a level higher than sea level and then starting the process of transporting them in a designated direction) will be soon." 

PM Muhammed S. Al-Sudani and Minister of Transport Razzaq Muhaibis Al-Saadawi had previously inaugurated the first of the five Faw Port projects, the (Five Berths) project, with a 100% completion rate, and work is proceeding at a good pace on the rest of the other projects in the port.

TIDBIT FROM PIMPY, 19 JAN

 Pimpy  

 There is no in county/out of country.  Whenever Iraq makes a change on the currency exchange rate in country it's going to affect everywhere around the world in regards to Iraqi dinar.

  There's not going to be some special group that you go to, Tier one, tier two, there's no Reno visit.  That's all bull shit.  There is no redemption centers. 

 When the time comes we just take our dinar to the bank, we make the exchange.  Nobody's going to get a special rate...