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Laid Back
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Posts posted by Laid Back
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21 hours ago, southbeach said:
How does all the IQD privately held around the world factor in to the above?
For what I understand. All dinar privately held outside Iraq doesn’t count in to the above, It will be exchanged by your bank and they will keep it as a reserve currency.
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"Iraq possesses great and enormous wealth that allows it to be a major economic player,"
Show me the money 💵
Go Iraq
Go former glory
Go purchasing power
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Thank you all who answered my question.
I agree with Dinarrock and Engine1,
The Central Bank issued controls related to funds entering and leaving the country, ($10k and 1 million IQD) to prevent a massive quantity of dinar leaving the country due to an event of economic consequence.
Happy Thanksgiving 🍁 🙏🏼
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My question is:
If they are not planning to increase the dinar exchange rate in the near future, why you can entry and exit the country with $10,000 but you can entry and exit the country with only 1 million dinar.
I would like to hear you guys opinión on this.
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A year ago the dinar was devalued by 22%
“Devaluation was necessary to allow for more gradual fiscal adjustment and thus avoid major disruptions to key public services .By encouraging domestic consumption to move away from imports, the devaluation of the dinar also helped protect the CBI's foreign exchange reserves and gave Iraqi producers an opportunity to create jobs and income through better competition in the local market .”
“The positive effects of the currency adjustment are beginning to appear”
“The 2022 budget will provide an opportunity to strengthen the social protection network,"
Social protection consists of policies and programs designed to reduce poverty and vulnerability by promoting efficient labour markets, diminishing people's exposureto risks, and enhancing their capacity to manage economic and social risks, such as unemployment, exclusion, sickness, disability, and old age.Go budget 2022
Go increase dinar exchange rate
Go purchasing power
Go social protection
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44 minutes ago, Carrello said:
Thank you, Yota and Laid Back.
🍾
I have the champagne and just waiting to put it on ice!
You’re welcome Carrello,
I have never seen so much Progress in this investment.
Hold strong, we are very close to champagne time.!
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9 minutes ago, DoD said:
Laid Back, I see and agree with your point but unfortunately we do not have a president or a foreign policy to cover such an assault.
Not to make this political but we don’t have a Donald Trump in office any longer….Totally agree with you my friend DoD.
Go Trump 2024 🇺🇸-
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“IRGC Aerospace Force commander General Amir-Ali Hajizadeh.
General Hajizadeh told the students that Iran does not need to strike targets on American soil, due to the significant U.S. presence in the region surrounding Iran.”
I will tell this guy; just remember what happened to Qasem Soleimani.
Go USA 🇺🇸
Go Troops
Go Freedom
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"The debt repayment process will reclassify the Iraqi credit and thus move the investment compass and reassure the investor that the Iraqi economy is able to pay off debts and create job opportunities through the investment window."
- It will reclassify the Iraqi Credit
- It will reassure the investors that Iraqi economy is able to payoff debts
- It will create job opportunities
Like I said in another post;
Paying off Kuwait compensation for war reparations is of paramount importance for an increase of the dinar exchange rate.
All I see is Progress.!
Go Iraq
Go Kuwait payoff
Go new credit rating
Go investment
Go job opportunities
Go development
Go increase dinar exchange rate
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Thanks Carrello, 👍🏼😉
All I see in the near future is an international recognized Iraqi dinar with a higher value.
Can you guys see it?
Go CBI
Go dinar
Go international
Go higher value
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Iraq continues moving towards an open market economy
WTO > International Trade > Imports / Exports.
Go Iraq
Go open market economy
Go stronger dinar
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“The Central Bank of Iraq has started activating tools for direct communication and negotiation with clients and external correspondents on the Bloomberg and Refinitiv (FXALL, RFQ) platformsin a process that simulates the latest global developments in using the best executive tools for managing and investing foreign reserves in a way that achieves the best Returns on trading and investment operations.”
Reserve management is a process that ensures that adequate official public sector foreign assets are readily available to and controlled by the authorities for meeting a defined range of objectives for a countryFXall is a completely flexible trading platform that gives you seamless access to rich data and smart tools.
With liquidity access to straight-through processing, FXall provides the choice, agility, efficiency, and confidence you want. Trading spot, forwards, swaps, NDFs, and options is only a click away. While you seamlessly execute your trading strategies, you can do so transparently and in compliance with global regulations.The RFQ platform for debt securities allows market participants to transact in debt securities by requesting quotes from several participants, simultaneously. It also provides market depth in the security along with information of best bid and best ask for the quotes initiated.
CBI continues moving towards an open market economy.
Go CBI
Go international
Go open market economy
Go purchasing power
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2 minutes ago, Dinarrock said:What Laidback is saying that Carello isn’t being helpful about is an Iraqi can take up to $10,000 US dollars in and out of the country because it doesn’t matter the US dollar rate isn’t going to change!! Now they are severely limiting the Dinar inside and out because if you took 10 million dinar outside of Iraq and they changed the rate to even $1 very soon then that would make you 10 million dollars!! This is the fist time I have ever seen them limiting this little amount of dinars outside of the country which is AWESOME NEWS!!
Boom 💥
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50 minutes ago, Floridian said:
Carrello, you understand what Laid Back is saying. I guess I'm too dumb to get it.
What kind of price is he talking about for the dinar?
Floridian, I’m not talking about any particular rate. I’m talking about a future increase in the dinar rate.
They are putting things in place to do that.
Go CBI
Go new monetary policy
Go increase dinar exchange rate
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The question you should ask yourself is why $10,000 that is equivalent to 14,600.000 dinars is allowed.. And only 1,000,000 dinars that is equivalent
to $684 is allowed.
Only few people see this.
Go CBI
Go new monetary policy
Go new exchange rate
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“The Central Bank issued controls related to a permit for funds entering and leaving the country, in order to "limit the entry and exit of funds across the Iraqi borders, and the exploitation of this in money laundering or terrorist financing operations”
This process is called Sterilization.The Central Bank seeks to limit the effects of inflows and outflows of capital on the money supply. It is designed to offset the effect of foreign exchange intervention.
Fasten your seatbelt.
Go CBI
Go new monetary policy
Go increase dinar exchange rate
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“The International Monetary Fund expected that Iraq will achieve the highest economic growth among the Arab Gulf countries during the year 2021.”
Boom 💥
Thanks to Al-kazemi government and the reform project.
Go Iraq
Go reforms
Go development
Go economic growth
Go purchasing power
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15 hours ago, NoviceInvestor said:
Thank you LB I always appreciate your posts, and my comment is not to detract from your comment but when I read this post my first thoughts were yes, but Iraq has been moving towards a market economy for years.
I am sure that one day Iraq will be openly competitive and I do hope it will be in my lifetime..
Thanks for your input Noviceinvestor,
In the past Iraq didn’t have the reform project (White Papers) the roadmap to an open market economy. Since the white papers were implemented we can see progress in all areas…. Just my opinion.!
Go Iraq
Go reform project
Go development
Go economic growth
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Openness to the World 🌍
Iraq continues moving towards an open market economy.
Go iraq
Go international
Go open market economy
Go stronger dinar
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“The government is interested in developing relations with the countries of the Cooperation Council at all levels”
- United Arab Emirates $0.27- Saudi Arabia $0.27
- Qatar $0.27
- Oman $2.60
- Kuwait $3.30
- Bahrain $2.65
- Iraq $0.00068
This will have to change sooner than later.
Go Iraq
Go international
Go purchasing power
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“We rule out taking any action regarding the salary increase process, because the current Minister of Finance is strict,and one of his proposals was to reduce salaries."
“Until now, it is not possible to know the fiscal policy of the new government, but the issue of salary increases is excluded,"
Maybe because they’re planning to increase purchasing power.
Go CBIGo purchasing power
Go $1:1
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4 hours ago, Wiljor said:
Iraq is building it's infrastructure to become a major global player and a powerhouse in the ME.
Totally agree with you @Laid Back
Totally agree with you my brother 👍🏼😉
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You’re gonna tell me, that they are Building a $2 billion dollars structure to have a currency value of $0.00068
Go CBI
Go international
Go $1:1
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“Iraq is in recovery and will inevitably live in the next 2022 without financial hardships or financing restrictions, caused by a lack of revenues.”
“This means that, for the first time, there will be a budget that achieves a financial surplus without the need to borrow, and if borrowing is achieved, it does not exceed 3% of the gross domestic product”
Looks like 2022 will be a good year for Iraq, we heard it from WB, IMF and PM financial advisor.
Go Iraq
Go reforms
Go development
Go economic growth
Go purchasing power
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Kuwait confirms receiving $1.47 billion in war compensation from Iraq
in Iraq & Dinar Related News
Posted
Interesting 🧐
This caught my attention too.
Go Dinar
Go former glory
Go $3+