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Here's another article related to the above...kicking the can...we are approaching mid-year & it's looking more like delays or setbacks in Iraq that may slow down the RV process...the good news is Iraq's acceptance into the WTO may not have an impact on the RV. Other news from Iraq...the USD-IQD Crisis is back & USD demand, shortages may cause the ER to reach 2,000 IQD to the USD by years end...IMHO. 5-10-2024 Newshound Guru Paulette Iraq's WTO Accession Package will likely not be submitted for adoption until MC14 which will be held in early 2026... It clearly was not submitted for adoption at MC13...I anticipate that by then we really won't care.

Collapse of the Dinar? You mean the Dinar is going from just about worthless to worthless? What is we to do? 🙄

Unleash Barron Trump ReeEEeE Stream 05-10-24

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FROM OTHER SOURCES: Get Ready For The Next Round Of Hyper-Inflation, Shortages, Empty Shelves, High Energy Costs, Added Taxation, Spending & More... ARTICLE: Michelle Makori, Lead Anchor & Editor-in-Chief at Kitco News, interviews Larry McDonald, Founder of The Bear Traps Report & NYT bestselling author of 'How to Listen When Markets Speak' & 'Collossal Failure of Common Sense.' McDonald warns that we are headed into an era of persistent inflation, escalation in global conflict, a multipolar world, a weakening U.S. dollar, a series of sovereign debt crises, and capital fleeing out of financial assets into hard assets. He sheds light on how the Federal Reserve will approach its 2% inflation target amid sticky inflation. McDonald also explores the coming commodity bull market, going over the top winners. He shares his price outlooks for gold, silver, platinum, oil & natural gas. See video at source...Google key words in title.

Even though the Goal Post keeps moving Iraq will eventually score a Home Run. 🤔

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thanks for the warning seriously, i was messin with ya SB sometimes levity does not transfer well in typed words cheers

Love Andy Schectman.

actually DOD, spaceforce just issued warnings.....so from the bulletins i have seen...believe what you will youall be warned

make sense really normally if travellers need USD it should be one they have landed the US, why they would allow travellers to buy USD in country is stupid! sounds like they are moving to currency boards and forex companies to handle transactions!

now thats funny right there ..... that sounds believable total grid blackout but keep a flashlight handy ... thats amazing 🤣

brics and iraq always going to happen

euro?

i love banking partnerships puts a smile on my face especially when its a slow news day!

The dollar is reeling from a fatal blow and there are fears of a collapse of the dinar Time: 05/10/2024 08:49:23 Read: 14,729 times {Reports: Al-Furat News} Report: Wafaa Al-Fatlawi A useful summary of important news can be found on the Al-Furat News channel on Telegram. To subscribe, click here The fluctuation in dollar prices and the rise in gold prices has significantly affected the contraction of the commercial market in terms of imports and purchases of goods, amid confusion in opinions between the return of the rise in green and its decline to the official price set by the state of 1,320 dinars per dollar. The price of the dollar in the parallel market is currently 1,460 dinars, whether higher or lower than this rate. The Central Bank of Iraq's cancellation of the currency {auction} window at the end of 2024 and Washington's sanctions on Iraqi banks have opened a door of doubts that will end up placing the dollar in the face of speculation, which will make it vulnerable to demand after the recovery of the Iraqi dinar with government orders that limited dealing in the dinar to restrict the movement of the dollar. While officials find that the establishment of the electronic platform and the level of regularity of the flow of external remittances responsible for financing private sector trade and the escalation of financing rates have reached very high rates through the compliance platform of banks active in this regard, and the rise in gold prices is not considered a direct impact on the improvement of the exchange rate. This was confirmed by the Prime Minister’s Advisor for Financial and Economic Affairs, Mazhar Muhammad Salih {to Al-Furat News}, saying: “Active positive factors have affected the recovery of the Iraqi dinar in the secondary exchange market, foremost of which is the high level of regular flow of foreign remittances responsible for financing private sector trade and the escalation of Financing rates are very high through the compliance platform of active banks in this regard.” He explained, "What this means is that the demand for foreign currency through official external transfer operations, which is responsible for 90% of the total desired demand for foreign currency, as most of it is now met at the official exchange rate of 1,320 dinars per one dollar, which gave the official market dominance over the market." Parallel to the exchange.” Saleh stated, “As for the developments taking place in the gold commodity market or gold filigree, especially the sudden price developments therein, up and down, they are not considered an alternative directly affecting the improvement of the exchange rate because they are limited in impact and impact on the movements of the parallel exchange market, and that the main gold trade is financed as foreign trade through Transfers from the banking system and the official exchange market. Contrary to the government opinion, the Parliamentary Finance Committee supported the theory of doubts and confirmed that the dollar would reach {200} thousand dinars with the cancellation of the currency auction. Deputy Chairman of the Parliamentary Finance Committee, Ahmed Mazhar Al-Janabi, said {to Al-Furat News} that “the Central Bank’s decision to cancel the currency auction at the end of the year will open space for exploitation and a problem will occur. If the auction is canceled and ends, the exchange rate in the markets may double, and if the Central Bank goes towards this option, the dollar exchange will "It will reach 200 thousand dinars," according to his opinion. I am certain that “it will open space for speculators to exploit the matter. The current price is higher than the official price, despite the sale of approximately $250 million per day. So what if the auction stops?” In light of this, economists expected that the demand for the dollar would continue to exceed supply, thus leading to a re-depreciation of the dinar, due to the central bank’s limited ability to provide coverage. Economist Manar Al-Obaidi said in a statement, “The demand for the dollar depends primarily on commercial transactions and covering imports. The greater the demand for imports, the higher the demand for the dollar, and with the Central Bank’s limited ability to cover this demand as a result of the set limits, it is expected that it will continue.” Demand is greater than supply and thus leads to a decline in the price of the dinar against the dollar.” He added, "An observer of the exports of the main countries exporting to Iraq notices an increase in the value of these countries' exports, as the value of Turkish exports to Iraq increased by 30% in the first quarter, while Chinese exports to Iraq increased by 20% in the first quarter, as well as the exports of other countries such as the Emirates, India, Iran, and Brazil." ". Al-Obaidi attributed the reasons for this increase to five basic factors: 1- The rise in global inflation, which led to an increase in the values of various commodities in various exporting countries. 2- Inflation of invoices, as some merchants agree with the processing party to inflate invoices to obtain transfers in higher amounts. In order to resell the converted dollar in those markets 3- The change in the consumption pattern of the Iraqi citizen and the high population growth rates that increase the demand for various commodities, which increases demand 4- The increase in government agreement as a result of the increase in operational and investment expenses 5- The lack of a capable local industry To compete with the imported product as a result of high costs. Al-Obaidi added, “These four reasons are mostly due to the loss of tools to control the state’s financial policy (taxes + customs + control of expenditures). In order to control this significant rise in the value of imports, which leads to an increase in demand for the dollar, customs and tax policy must be changed.” "For many sectors, there is a need to possess the tools capable of implementing these policies in a more effective and productive manner." Al-Obaidi added, "Continuing the import bill will lead to an increase in demand for the dollar and thus an increase in its price in the parallel market, which is what many of those who benefit from the low official price are looking for. The inability to control imports and the loss of control over financial policy tools will put the state in front of a single solution." There is no second option, which is the use of monetary policy, which is something that many economic specialists do not favor, and they prefer to always focus on controlling financial policy.” As the Hajj season approached, the Central Bank stopped selling the dollar to travelers, and to find out its reasons, the former director of the Financial Supervision Bureau, financial expert, Salah Nouri, said {to Al-Furat News} that “the recent Financial Supervision Bureau report, which was covered by satellite channels, about violations in selling the dollar to travelers, is a major reason for reviewing the procedures and addressing them.” The defect in the transfer system, and stopping until the situation is corrected.” In the same context, the economic expert, Safwan Qusay, revealed the leakage of travelers’ dollars to the parallel market. Qusay said {to Al-Furat News}, “The current policy of the Central Bank of Iraq goes towards auditing the cash dollar, which was marred by many failures in the first periods, especially its leakage through travelers to the irregular market, and this issue needs a new and clear mechanism.” He added, "It is assumed that travelers are dealt with through tourism and airline companies, and the travel ticket is not allowed to be canceled unless the traveler returns the amount he purchased from exchange outlets or banks." Qusay stressed that "this measure will restore confidence in the cash dollar and the possibility of facilitating the mission of real tourists and filling the gaps that accompanied the process of establishing the electronic platform for the cash sale of foreign currencies." He stated that "the Central Bank will not hesitate to provide the dollar to those entitled to it, whether at the level of Hajj or other windows," noting that "the Central Bank's emphasis on procedures for granting citizens the cash dollar ensures that it reaches those who need it." Meanwhile, travelers expressed their surprise at the Central Bank’s decisions to prevent government banks from selling dollars to travelers. Travelers said, via {Al-Furat News}: “We are surprised by the Central Bank’s decisions to prevent government banks from selling the dollar to travelers and monopolizing it only with financial transfer and exchange companies.” Travelers called on Parliament and members of the Parliamentary Finance Committee to “intervene and solve the problem and allow government banks to carry out the process of selling the dollar, especially in conjunction with the delegation of pilgrims to the Holy House of God, and they need to buy the dollar at the official price.” https://alforatnews.iq/news/الدولار-يترنح-بضربة-قاضية-ومخاوف-من-انهيار-للدينار

It will change the reality of Iraqi banks.. Al-Alaq reveals a plan that enjoys Sudanese support Economy | 07:25 - 09/05/2024 Mawazine News - Baghdad The Governor of the Central Bank, Ali Mohsen Al-Alaq, revealed today, Thursday, the progress of a plan supported by the government to change the map of the banking sector and its reality in Iraq. The Central Bank stated in a statement received by Mawazine News, “The Governor of the Central Bank, Mr. Ali Mohsen Al-Alaq, received today the French Ambassador to Baghdad, Patrick Durel.” He added, "The meeting discussed ways to strengthen banking relations between the two countries, and His Excellency the Governor provided a comprehensive explanation of the relations and economic conditions, as well as the government's directions in consolidating the foundations of the national economy and diversifying it in light of the state of security stability achieved in Iraq." Al-Alaq confirmed that “the plan to restructure government banks is supported and monitored regularly by the Prime Minister,” noting that “this plan will change the map of the banking sector and its reality in Iraq.” He pointed to "the rapid developments in organizing, monitoring and analyzing foreign transfer operations and covering foreign trade in accordance with best international practices and standards, which are receiving great praise and attention from international and regional organizations." It is noteworthy that the Central Bank of Iraq owns deposits and accounts with the Central Bank of France, and they have been linked by cooperative relations over many years. https://mawazin.net/Details.aspx?jimare=247687

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they have said 3 months in one article, 3 months, 12 months and 10 years, what it will be is anyones guess

What's worse is after you get a snarky password through that shows your frustration and then you forget what that awesome password was, and have to make a different one.

because i dont believe the DS or Cabal are winning and are in control...but your points are valid....yes precious metals ate a smart and safe option, I will even take cash!

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Why wouldn’t they collapse and reset after. They could then confiscate a lot more from the people who invested in this. The banks are not going to let you walk out with millions or even hundreds of thousands. Better convert it into other precious assets as soon as possible.

there all full of she i it! sorry lord, just tired of the game!😀