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Laid Back
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Posts posted by Laid Back
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1460 dinars per $1 at cbi.iq
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Just imagine for a second you’re an iraquí citizen. What do you do to protect your money from future devaluation of the dinar?
I know what I will do.
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“A late step after the American emphasis on the dollar leaving Iraq, the currencies of Iran and Syria began to lose value further, due to their dependence on the dollar issued from Iraq.”
“The return of stability to the exchange rate of the dollar requires "adherence to international controls to prevent money laundering and currency smuggling through fictitious invoices”Good move by the UST.
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“The crisis of the rise in the dollar exchange rate is not related to the governor of the Central Bank, and his dismissal from office is not a solution to this crisis, and this exemption will not be a reason to reduce the dollar exchange rate in the local market, but this step may have serious negative consequences due to prejudice to the monetary authority." The rise in the dollar exchange rate is mainly caused by currency smuggling, and the dismissal of the Governor of the Central Bank, Mustafa Ghaleb is frightening, because the forces of the coordination framework target the bank's governors, for political purposes and reasons and not for any economic reason related to the rise in the dollar exchange rate.”
“The decision to dismiss the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, was made by agreement between the leaders of the coordination framework and Prime Minister Muhammad Shia' al-Sudani, during their meeting, last night, at the home of the leader of the Al-Fateh Alliance." Hadi Al-Amiri.”
In my opinion they changed CBI governor to benefit Iran.
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“the expansion of the International Development Bank inside and outside the country is a pioneering step for the private banking sector in Iraq, and comes in line with the requirements of the next stage, which will witness wider openness to the world and requires that we have cooperated with international institutions and companies around the world.”
Go CBI
Go new monetary policy
Go openness to the world
Go stronger dinar
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The official dollar exchange rate is published by the CBI.
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If you have a passport to can buy $5000 at the official rate to travel.
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“What we have agreed is that all those pressures on the KRG will be halted and stopped for the moment and we will wait until we have the hydrocarbon law," Barzani told Reuters on the sidelines of the World Economic Forum in Davos.”
Go HCL
Go open market economy
Go stronger Dinar
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“The fluctuation of the dinar is linked to the start of Iraq’s compliance with some standards of the international transfer system (SWIFT), which Iraqi banks must apply since mid-November to access To Iraq's reserves of dollars in the United States”
CBI continues moving towards an open market economy.
International = Openness to the global economy
Go CBI
Go new monetary policy
Go international
Go Stronger Dinar
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In the las couple of months, I have noticed a sense of urgency to get things done
in many different areas of the government and the economy.
Go Iraq
Go Open market economy
Go Go Stronger Dinar
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TIR is the only global transit system.
It enables goods to be shipped from a country of origin, through transit countries, to a country of destination in sealed load compartments that are controlled by customs via a multilateral, mutually recognised system. It is the easiest, safest and most reliable way to move goods across multiple international borders, saving time and money for transport operators and customs authorities.
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1 hour ago, 3n1 said:
Iran counterfeited boat loads of worthless iqd mainly the 10,000 K note and used the sympathetic corrupt iraqi banks to exchange them for USD for years who knows if its still taking place most of my iqd is in the 25K denomination maybe the cbi plan is to issue a 20K note to draw in the 25K notes like the cbi did with the 50 note i held some of the 50's they were worth about 4 cents to exchange im probably not thinking wisely but its gives me a gut punch none the less ... cheers
I felt the same gut punch.
20k note to replace the 25k note, If this happens. I hope we get and incentive for our 25k notes.-
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“The sale will start tomorrow, Tuesday, 10/1/2023, for travelers, with a maximum of (5000) US dollars.”
$5,000 x 1,460 = 7.3 million dinars. …… Bring in the chunky money 💴
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“The issuance of the new denomination is a procedure to modify the structure of banknotes and introduce an intermediate denomination that facilitates daily transactions, reduce the presence of old versions of currency denominations in circulation, and adopt modern security specifications in designing the denomination.”
Are they taking about the Lower denomination notes or the 20,000 note?
Go LD
Go stronger dinar
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In my opinion this is part of the De-dollarization process.
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Big step forward.!!
The Salary Scale has to be in place before increasing the dinar exchange rate.
Just my opinion.
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"The index of foreign reserves to money supply in the broad sense is high and reached 81%, which is an indicator that enhances confidence in the Iraqi dinar as a store of value, as well as preserving the value of the national currency by ensuring the stability of the exchange rate as a nominal stabilizer of inflation."
“There are other benefits that come from increasing the size of reserves at the Central Bank, including an indicator of the strength and flexibility of monetary policy, and reserves can also contribute to raising the indicators of Iraq's creditworthiness at international rating institutions."
Go CBI
Go new monetary policy
Go Stronger dinar
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- The CBI currency auctions has going down by around 50%
- CBI is letting other banks sale the dollar
- The CBI governor meets a number of banks and exchange companies to
talk about how to identify work priorities, directions that serve the Iraqi economy, the banking sector, and work requirements according to the mechanism of the platform that implements money transfers for the benefit of bank customers under it, and organizes the foreign trade sector fundamentally.
- The Iraqi Central Bank has taken a series of measures that enhance monetary stability and push for the return of exchange rates to normal, including: allowing banks to participate in the window of buying and selling foreign currency to be used for external transfer, working to facilitate procedures for obtaining dollars through banks, facilitating the financing of private sector trade and meeting the demand for foreign transfers by strengthening banks' balances with their correspondents in other currencies.- Gold Reserves 130 tons
- Foreign currency reserves $100 billion dollars
In my opinion the CBI is on a clear path to an open market economy.
Go CBI
Go new monetary policy
Go Stronger Dinar
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Looks like they’re tackling corruption on the Central Bank dollar sales.
Go CBI
Go new monetary policy
Go Stronger Dinar
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Openness to the financial world.
Go Iraq 🇮🇶
Go CBI
Go open market economy
Go stronger dinar
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Go CBI
Go foreign currency reserves
Go Gold Reserves
Go new monetary policy
Go Stronger dinar
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"This decision will be implemented at the beginning of next year, and in the coming days, the Iraqi currency will be available in the banks,"
Great news!
Go end of exchange control
Go open market economy
Go stronger dinar
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“CBI Governor Al-Sudani: The price inflation operations in the currency sale window aim to remove the dollar from the country”This is HUGE.!!!
De-dollarization on the way.
Go CBI
Go Open market economy
Go stronger dinar
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- Popular Post
- Popular Post
International Trade Exchange = Openness to the world 🌍
Go CBI
Go international
Go stronger dinar $1+
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Al-Sudani: All possibilities are contained in adjusting the exchange rate of the dollar
in Iraq & Dinar Related News
Posted
The kuwaití dinar $3,28 is stronger than the dollar.
The Bahrain dinar $2,65 is stronger than the dollar
The Jordanian dinar $1,41 is stronger than the dollar
Iraq has more oil and foreign currency reserves.
Go Stronger dinar
Go Stronger dinar
Go Stronger dinar