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

 

THE CENTRAL BANK PROVIDES THE NECESSARY SUPPORT TO INTERNATIONAL COMPANIES WISHING TO INVEST IN IRAQ, 29 JAN

 THE CENTRAL BANK PROVIDES THE NECESSARY SUPPORT TO INTERNATIONAL COMPANIES WISHING TO INVEST IN IRAQ

(When the CBI talks, I listen. What are they telling us today?)

Governor of the Central Bank Ali Al-Alaq confirmed today, Sunday, that the Central Bank provides the necessary support to international companies wishing to invest in Iraq, including American companies and banks.

The Central Bank of Iraq stated in a statement: “The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, met today with the Vice President of the American Chamber of Commerce, Steve Lutes, and the President of the American-Iraqi Business Council and his accompanying delegation in Baghdad.”

He pointed out that “the meeting discussed banking and economic relations between the two countries  and the upcoming visit of the Central Bank of Iraq delegation to Washington and their meeting with the American Chamber of Commerce and American companies next April.”

He continued that “the meeting discussed the desire of American companies to invest in the energy, infrastructure and modern technology sectors and to invest in the security stability witnessed by Iraq. The two parties also discussed the mechanisms of international trade and the process of Iraq’s transition to fully operating in external transfers through correspondent banks.”

During the meeting, the governor stressed that “the Central Bank of Iraq supports the economic growth process in Iraq and provides the necessary support to international companies wishing to invest in Iraq, including American companies and banks,” noting “the importance of diversification in investment sectors.”

MNT GOAT "AUCTION DOES NOT BUILD THE ECONOMY", 29 JAN

 MNT GOAT

"AUCTION DOES NOT BUILD THE ECONOMY"

(Read the full articles in the articles section) "The mission of the world's central banks - It issues a currency whose value is evaluated in gold, not in the currency of others, upon request." - 

"The auction is an innovation of Bremer since the occupation, and we have become accustomed to the mistake and it has become a lifeline. Gentlemen... the Central Bank did well recently and left the

auction platform, and returned to respect its currency, which is the dinar. ..... 

"and the most important step is to zero out the dinar, and buy the 1,250 old dinars for one dinar of the new currency during the exchange after printing the one dinar denomination, and the value of one dinar will be one dollar through the documentary

import cycle," "Making the value of one dinar equal to one dollar will keep the citizen, merchant, traveler, doctor, etc. away from running after the dollar. Rather, he will be reassured that his currency is valid for purchase and exchange wherever he is, and this is the point of

safety.

Their words not mine.....

WALKINGSTICK: Not a cashless society at the onset but given time Iraq will be. That is the goal!!

 

BETWEEN ECONOMIC EXPERTS’ WARNINGS AND GOVERNMENT DENIAL, THE VALUE OF THE IRAQI DINAR IS AT STAKE. , 29 jan

 BETWEEN ECONOMIC EXPERTS’ WARNINGS AND GOVERNMENT DENIAL, THE VALUE OF THE IRAQI DINAR IS AT STAKE

An informed government source denied, on Tuesday (January 28, 2025), that the Iraqi government has any intention to reduce the value of the dinar against the dollar, despite rumors indicating upcoming measures to confront economic pressures and challenges in the international market.

The source confirmed, in a special interview with Baghdad Today, that “the news about the government’s intention to reduce the value of the dinar against the dollar is absolutely incorrect.”

He added: “The government is working to stabilize the official exchange rate set by the Central Bank, and seeks to control the parallel market. Any change in the exchange rate during the current stage or within the 2025 budget schedules will lead to negative results, and that is why the government is committed to strengthening the current rate.”

A different economic vision

In contrast, economist Ziad Al-Hashemi believes that reducing the value of the dinar to 1,450 dinars against the dollar could be a possible step to deal with the repercussions of the economic crises. Al-Hashemi said: “This measure may reduce the financial pressure on the government and reduce the cost of supporting the dinar, but it will negatively affect citizens through deteriorating salaries and rising prices of goods and services.”

Al-Hashemi added: “Devaluing the currency may lead to increased inflation rates due to the loss of confidence in the dinar and the increase in demand for the dollar. This decision, despite its limited positive impact in the short term, will have long-term consequences on the markets and the lives of the Iraqi citizen.”

The political aspect and Trump’s role

On the political front, political affairs expert Nabil Al-Azzawi pointed out that US President Donald Trump, who is expected to return to the White House, may change his policies towards Iraq. Al-Azzawi explained: “Trump, as an economist, realizes that politics is managed through economics. Despite the previous tense relations, indications are that he will deal cautiously with the Iraqi file.”

Al-Azzawi praised what he described as the “wisdom of Al-Sudani’s government” in sparing Iraq political crises and international sanctions, considering that relations between Baghdad and Washington may witness positive development after activating the security agreement and strengthening mutual interests.

Between denial and warnings

With conflicting positions between government denial and economic warnings, it seems that the Iraqi government is facing a challenge in maintaining the stability of the currency and avoiding the negative repercussions of any ill-considered action. 

While economic pressures are increasing, the Iraqi citizen remains the most affected by any change in financial policies.

This file resolves a delicate balance between government decisions and economic recommendations, to ensure financial stability and protect citizens from the repercussions of any decisions that may affect their daily lives.

TIDBIT FROM JON DOWLING, 29 JAN

  Jon Dowling

 Trump already removed income and property taxes during 2020 in the plandemic. He’s just getting the people warmed up to the reality of what’s coming and what’s already occurred. 

Furthermore, he was in Vegas and then called the Treasury in Reno and told them to move and get their act together, so the reset will really start unraveling now

MAJEED:THE CBI INFORMED THAT THE ELECTRONIC PAYMENT WILL STOP TODAY FOR MAKE UPDATE TO THEIR SYSTEMS