Laid Back

The ruling according to the statement, is "final and compelling". Go HCL Go Stronger Dinar

“Iraq has the fourth highest GDP among Arab nations, with a GDP of over $255 billion, according to the Kuwait-based Inter-Arab Investment Guarantee Corporation (IAIGC), an affiliate of the Arab League located in Cairo” Another good reason to add value to their currency. Kuwait with the highest currency value in the world, is not even on the list. Go Stronger Dinar

This is the reason why the stopped the operational Budget. Member of the Parliamentary Finance Committee, Representative Moeen Al-Kadhimi, announced on Monday that the current month will witness the arrival of amendments to the budget schedule for the current year to the House of Representatives. Al-Kadhimi told Al-Maalouma, “The mini-economic council formed by the Council of Ministers is in the process of putting the final touches to amending the budget schedules for the current year, and it is likely that the amendments will reach Parliament in the middle of this month for approval.” He added, "The government's amendments included an increase in financial allocations for the food ration, an increase in oil production costs, and an increase in social welfare allocations." Member of the Parliamentary Finance Committee, Representative Mustafa Al-Karaawi, explained that the tripartite federal budget for the years 2023, 2024, and 2025 stipulated that the House of Representatives be provided with updated tables for the 2024 budget in order to discuss the issue of increase or decrease in financial allocations according to expected revenues and according to the fixed oil price.

Why? Because the Ministry of Finance argues that the new schedules have not been approved, and that these tables are mentioned in the budget law when there is a need. We wait.!

“international studies estimate that the share of natural resources per square kilometer relative to the area of our country is the highest in the world” Iraq possesses $15.9 trillion in natural resources. Its desert terrain holds petroleum, natural gas, phosphates, sulfur. Iraq is the second-largest crude oil producer in OPEC. It ranks as the world’s fifth-largest holder of proved crude oil reserves and it depends on the export of crude oil for a major amount of its revenues. Iraq is making slow progress enacting laws and developing the institutions needed to implement economic policy, and political reforms are still needed to assuage investors' concerns regarding the uncertain business climate. The Government of Iraq is eager to attract additional foreign direct investment, but it faces a number of obstacles, including a tenuous political system and concerns about security and societal stability. Rampant corruption, outdated infrastructure, insufficient essential services, skilled labor shortages, and antiquated commercial laws stifle investment and continue to constrain growth of private, nonoil sectors. Under the Iraqi constitution, some competencies relevant to the overall investment climate are either shared by the federal government and the regions or are devolved entirely to local governments. Go Iraq 🇮🇶 Go investment Go Development Go economic growth Go Stronger dinar

Go investment Go development Go economic growth Go stronger Dinar

“the Iraqi government, through attempts to apply electronic payment, aims to withdraw the cash mass in circulation in Iraq, which amounts to 84 trillion dinars” 84 trillion IQD / 1310 = $64 billion dollars Foreign Currency Reserves $120 billion dollars $120 billion dollars/ $64 billion dollars = $1.87 I don’t think they are going to LOP GO STRONGER DINAR 👊🏼💵

“the difference in the financial price between the parallel and the official led to problems in the issue of exchange, transfer, and receiving funds at investment companies.” “It also led to many investors and companies suffering from the difference in currency between the dollar and the Iraqi dinar." I believe this is the reason why the CBI is ending the window for selling currency during 2024. Go end of currency window Go end of exchange control Go investment Go Stronger Dinar

GREAT NEWS.!!! State and private banks are going to take care of the dollar demand. The central bank will have a supervisory role Go end of daily auctions Go end of exchange control Go Stronger dinar

“the most significant is the dispute over who would manage the oil fields in the Kurdistan Region and oil export abroad. This issue remained unresolved between Baghdad and KRG. "It is unlikely to be resolved," The oil is to be managed by the Federal Government. Kurdistan region gets a percentage of the budget. Simple and easy. The problem is The Barzani and Talibani families don’t want to lose control of the oil.

We wait and see…. Thanks Ron.!

Let’s Go Brandon 🇺🇸 Go 2024

The average per capita income is extracted and calculated by dividing the volume of revenues or resources that the country obtains by the number of population. Thus, we are talking about a rate or average annual income per capita that ranges between 7 to 8 million dinars per capita during the past year.” 2023, pointing out that this improvement in the level of per capita income came as a result of improved oil sales and increased prices, and thus the country achieved good financial revenues.” 8,000,000 IQD / 1310= $6,106 yearly $500 a month. Where is the improvement? Where is the purchasing power? Go Stronger Dinar Go Purchasing Power

Let’s Go Brandon 🇺🇸

You can see in the picture the new CBI building.! Oil and Gas mucho Dinero 💴

“She added that from 2021 to 2022, the total number of people with a bank account in local banks increased by 31%, stressing that it is “impressive progress.” 31% in financial inclusion is real impressive progress.! Citizens are starting to trust the banking system. I would like to know the Percentage amount of hoarded cash “chunky money” that went back to banking system. Go financial inclusion Go liquidity Go Stronger dinar.

“The policy of the Central Bank has moved from providing the dollar through import by the Central Bank to Iraqi banks,” “The banks Iraq is currently able to provide foreign currency directly, because the central bank allowed these banks to buy dollars at the parallel market price.” Another Article pointing out to the end of the CBI Currency Window. Go New monetary policy Go end of currency window Go free market economy Go Stronger Dinar

You got that right screwball 👍🏼 The CBI is preparing the banking system to handle the dollar demand. This is very good for us. Thanks RJG. Nailed it….Carrello. Stoping the daily auctions will remove exchange control, letting the dinar be subject to the forces of supply and demand. We are getting close to see the real market value of the IQD Go end of daily auctions Go end of exchange control Go open market economy Go stronger dinar

Chinese Yuan $0.14 Dirham $0.27 Euro $1.09 Hypothetical value of the Iraqi Dinar $0.50 2 Dinar per $1 Go Stronger Dinar Go purchasing power

“PM Muhammed S. Al-Sudani participated on Tuesday, in a productive business meeting, engaging with the heads and representatives of 57 international companies specializing in energy, oil and gas, and various economic fields.” “The significance of the implemented banking reforms undertaken by the Central Bank of Iraq," was emphasized on, asserting, "These reforms aimed to establish communication with international banks, ensuring compliance with global financial and banking standards." These policies aim to diversify the economy, boost growth, and achieve financial stability amid regional and global challenges. Iraq continues moving forward towards an open market economy. Go investments Go economic growth Go Stronger dinar

Good News….. Getting Closer to see the real market value of the IQD “Iraq is moving forward to return as a strong economic player by opening relations with Arab countries and all countries of the world,” “I find Iraq’s accession to be a serious message from Iraq to the whole world that Iraq is continuing its path of engagement with the whole world,” Go WTO Go imports Go Exports Go Economic Growth Go Stronger Dinar

“He explains that "the solutions revolve around reprinting the currency again and zeroing it, especially if the printing process is accompanied by the process of retrieving the money stored inside homes to the banks. Hence, it is possible to stabilize the Iraqi dinar by giving the banks a percentage for each citizen who owns an account or opens an account within the bank, for example, 10 percent, which would be 10 percent." As a deposit for the citizen in the bank.” Go delete of 000 Go LD notes Go Stronger dinar

The Kurds want the coalition forces to stay. The Federal Government want the coalition forces to leave because they’re under Iran pressure. The US Embassy At 104 acres, it is the largest embassy in the world; it is nearly as large as Vatican City. I think we are staying 🇺🇸

It is GOOD. all part of the reform project. We wait.!

The White Paper Axis 2. - Rehabilitation of Financial sectors Rehabilitate financial sectors through reforming state-owned banks, developing private banks, developing the insurance sector, and upgrading the stock exchange market. 1) Addressing the capitalization level of all government banks, regulating the process of increasing their capital, if needed, and establishing and operationalizing the Core Banking System in Al-Rafidain and Al-Rasheed Banks. 2) Accelerate the development of electronic banking and mobile banking services. 3) Activate the deposit insurance system in order to enhance the confidence of the people in the private banking sector. 4) Finalize roll-out of international accounting systems (IFRS) to all banks, to improve their transparency practices. 5) Increase insurance thresholds that enable insurance companies to cover large economic projects. 6) Enacting a new securities law and review the guidelines of establishing a Custodian bank. 7) Opening other specialized markets such as the commodity market and the currency exchange market (Forex) Go stronger dinar Go international Go Forex