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Laid Back

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Posts posted by Laid Back

  1. “It is hoped that the Central Bank of Iraq will announce the measures that were agreed upon in Washington, which could have a positive impact on the exchange rate,

     

    “The dinar is in the market to find its price against foreign currencies through the interaction of the forces of supply and demand.”

     

    “It is noteworthy that the floating exchange rate or currency float is the currency exchange rate that has been floated so that it has become completely liberalized, so the government or the central bank does not interfere in determining it directly, but rather it is released automatically in the currency market through the supply and demand mechanism that allows the price to be determined.”

     

     Remove exchange control and let the forces of supply and demand determine the price.

     

    Go free market economy

    Go float
    Go stronger dinar

     

     

     

    • Like 2
    • Upvote 3
    • Pow! 8
  2. “The American side promised to lift banking restrictions on some Iraqi banks and end work on the platform at the end of this year.” 
     

    “The Central Bank's management plans to gradually cancel the dollar auction during the year 2024, leading to its complete cancellation by the end of the year”

     

    Lift banking restrictions by the end of the year

    Dollar auction cancellation by the end of the year

     

    Looks like they’re getting ready for January 2025

     

    Go end of banking restrictions 

    Go end of daily auctions 

    Go free market economy 

    Go stronger dinar

    • Like 2
    • Thanks 1
    • Upvote 6
    • Pow! 3
  3. “Prime Minister Al-Sudani emphasized the importance of the company's commitment to establishing aircraft maintenance centers and providing spare parts within Iraq. This is crucial for the upkeep of Iraq’s aircraft fleet and ensuring the country's security.”

     

    A sovereign nation has to be able to defend itself.

     

    Go Iraq 🇮🇶 

    Go sovereignty 

    Go free economy 

    Go Stronger dinar

    • Like 2
    • Upvote 3
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