[Al Janoub Islamic Bank announces the provision of a transfer service in UAE dirhams]

“He added that merchants, owners of reputable companies, and importers only have to deposit money in Iraqi dinars, after which the bank sends the transfer in dirhams within two days, using easy and safe procedures.”

 

This is great, they are using the national currency to pay for trade.!

 

Deposit your dinar and pay in dírham 

Deposit your dinar and pay in Rupees 

Deposit your dinar and pay in Turkish Lira

Deposit your dinar and pay in euros

Deposit your dinar and pay in Yaun

Deposit your dinar and pay in US Dollar

 

 

This will bring in a lot of the chunky cash

It will help with the liquidity problem

Increase the demand for dinar 

 

Higher the Demand = Higher the Value 

 

Go Stronger dinar.

[Association of Banks: The battle with dollar speculators has reached its last round]

This is what was explained in detailed procedures and administrative, technical and negotiating steps with the US Federal Bank and the US Treasury Department, and the understandings on regulating foreign trade financing by approving the opening of accounts for Iraqi banks in US, Chinese, Emirati and Turkish correspondent banks to deal directly with them for foreign transfers in the currencies of these countries, which include the dollar, the euro, the Chinese yuan, the Indian rupee, the UAE dirham and the Turkish lira, leaving the electronic platform in 2024 and supplying dollars and currencies foreign banks into Iraq from Iraqi bank accounts with correspondent banks or abroad."

 

Maybe the plan is to do a currency peg (Dinar) with a basket of currencies;

(US Dollar, Chinese Yuan, The Euro, Turkish Lira, Indian Rupee and the UAE

Dirham)

 

Pegs are often put in place to provide stability to a nation's currency by linking it to an already stable currency.

 

Turkish Lira $0.034

UAE Dirham $0.27

Indian Rupee $0.012

Chinese Yuan $0.14

Euro $1.09

US Dollar $1

 

 

Go Stronger Dinar.

 

[Member of Parliamentary Investment: An economic forum in Iraq attended by giant foreign companies]

Diversification of the economy on the way.!

 

Go Iraq 🇮🇶 

Go diversification of the economy 

Go Stronger dinar

[The delegation of the Central Bank of Iraq ends its meetings with the delegation of the US Federal Reserve and the US Treasury in Dubai]

“The Governor of the Central Bank of Iraq confirmed that the Central Bank is determined to support Iraqi banks, enhance their capabilities and prepare them to work in accordance with international practices.”

 

Openness to the international financial markets.

 

Go Iraq 🇮🇶 

Go international 

Go open market economy 

Go Stronger dinar

[Blah blah blah Oil and Gas Law Kurds]

The Barzani’s don’t want to loose control over the Oil in the Kurdistan Region.

 

 

[To adjust the salary scale.. Employees of 8 ministries fill Tahrir on Victory Day]

“The salary of the full-time employee is 170 thousand dinars, but according to the Council of Ministers decision issued several days ago, the salary will be 250 thousand dinars, and it will be applied if Parliament ratifies the law."

 

170,000 dinars / 1310 = $129.7 dollars a month

250,000 dinars / 1310 = $190.8 dollars a month

 

The citizens are in need of purchasing power…. Urgently !!!

 

Go stronger dinar

Go Purchasing power 

[Dollar will lose 20 percent of its economic power EARLY next year]

“The openness of the Sudanese government and its adoption of a basket of other currencies to cover foreign exchanges is a step in the right direction,” pointing out that “the dollar will lose 20% of its influence in the markets during 2024 due to companies and traders resorting to a basket of currencies, including the Chinese yuan, the euro, the Lira, and the dírham.”

 

“Baghdad’s pressure to end the dollarization of Iraqi markets and adopt electronic trading will have a positive impact in reducing the demand for the dollar, which will give flexibility and stability to the exchange rate.”

 

Flexibility and stability allows the exchange rate to be determined by supply and demand.

 

Flexibility of the exchange rate is a regime where the currency price of a nation is set by the forex market based on supply and demand relative to other currencies.

 

We are close to see the real market value of the IQD

 

Go CBI

Go flexibility of the exchange rate 

Go supply and demand 

Go Forex

Go Stronger Dinar

 

 

[Parliamentary Finance expects a decline in dollar prices in Iraq Economy]

3 hours ago, Dretown39 said:

https://mawazin.net/Details.aspx?jimare=239198

 

Here you go. This what RJG posted originally yesterday on this thread.

Iraq is moving forward like never before

You can see by the news article that they’re working with a sense of urgency 

They want to be part of the world economy 

They have a lot of oil and other natural resources 

$115 billion dollars in reserves 

132.6 Tons of gold

Iraq is the top target for China's Belt & Road infrastructure initiative

Iraq will ban cash withdrawals and transactions in U.S dollars as of Jan. 1 2024

Trade agreements with different countries in their own currencies 

Government has spent only 20% of the current year’s budget, and expected to release the rest of the budget on December 20.

 A Video showing how proud the Iraqi citizens are of their Dinar

 

Let’s GO Iraq 🇮🇶 

 

Go Iraq

Go international 

Go Stronger dinar

 

 

[Tuesday Evening Opinions @ 7:05 PM CDT - 12/12/2023]

The feasibility study on the dinar exchange rate by MOP $1.13

[Parliamentary Finance expects a decline in dollar prices in Iraq Economy]

1 hour ago, Dretown39 said:

That's good & I try to have the same mindset. However, my reason for reaching out to you is because whenever you post you usually copy/paste a snippet from an article giving your insight. That's mainly was what I was asking from you. 👊

Where is the article?

I clicked on the link, It’s a Chart from the CBI.

 

 

[Parliamentary Finance expects a decline in dollar prices in Iraq Economy]

3 hours ago, Dretown39 said:

@Laid BackHow you feel about this one?!

 

These are things I cannot control and can affect the outcome of any happening. “Whatever happens, happens” to me is being at peace that I have done my best and being humble enough to know that there are things out of my control that could change that “happening”. That’s living in the world. Do what good you can, but understand that it may not always work out; And that’s fine.

 

Go RV when it happens.!

[Sudanese directs to link the Central Bank, customs and border crossings - 12/13/2023]

The statement added that Al-Sudani "was briefed on the developed electronic declaration system, the smart tracking system inside the ports for trucks, and the obstacles to completing the project, which began work on in March 2023, and which will reduce time and limit financial corruption, smuggling operations and customs manipulation."
 

Step by step Iraq continues moving forward.!

Go trade

Go electronic declarations system

Go smart tracking system 

 

[Central Bank of Iraq: Our imports from the UAE exceed $21 billion annually - 12/13/2023]

Trade with China in Yuan

Trade with Turkey in Lira

Trade with India in Rupee

Trade with UAE in Dírham 

Trade with EU in Euro

 

It will drastically reduce the demand for US dollar and provide a greater control over their economic destiny. 

 

Go Iraq 🇮🇶 

Go international 

Go Trade

Go Stronger dinar

[Iraq agrees with the UAE to launch financial transfer and trade financing operations between the two countries]

Openness to International trading….. BIG Step Forward.!

 

Go Iraq 🇮🇶 

Go international 

Go open market economy 

Go stronger dinar

["The Issue of a Homeland"... a campaign to support the Iraqi dinar and make it the gateway to building the country]

8 hours ago, Dinarrock said:

The only way you can be proud of your dinar is for it to be international and my guess also worth one then the US Dollar!!! Come on RV!!!

You got that right Dinarrock.

 

Go Stronger dinar 

Go $1:1

["The cause of a homeland". A campaign to support the Iraqi dinar and make it the gateway to building the country]

The video shows proud Iraqi Citizens holding their currency. Iraq’s Proud Heritage 

 

Remember the words of PM Al-Sudani:

 

keep your Dinar because your dinar is Stronger.!

 

Go Stronger Dinar $1:1

[Al-Sudani: We have made important strides in banking reform, land management, agriculture, and residential cities]

“Within a year of the government’s life, we identified one of its priorities, which is economic reform, because it is a mission that has many dimensions.”

 

I think we all agree that there can be no successful development without good economic policies. A broad consensus has developed among policy makers over the past few years on the basic elements of such policies. First, macroeconomic stability (sound fiscal policies, a prudent monetary stance, and appropriate exchange rates) aimed at achieving low inflation and facilitating growth. Second structural reforms to remove bottlenecks and enhance the efficiency of resource allocation, liberalize market access, foster trade and investment, and create a propitious environment for private sector development as the principal vehicle of growth.

 

Go economic reform

Go stronger Dinar

Go economic growth 

["The cause of a homeland". A campaign to support the Iraqi dinar and make it the gateway to building the country]

“There is a call to be a door to build the country again, and to seek to strengthen and advance the Iraqi economy, and reduce dependence on other foreign currencies, so that according to government directions it is the constant and the rest variables, so that the dinar is a gateway to sustainable development and prosperity at all levels.”

 

I don’t think the dinar could be a gateway to sustainable development and prosperity at all levels at a rate of 1310 Dinar per $1 ?

 

Go Open market economy 

Go Stronger Dinar

Go purchasing power 

Go development and prosperity 

 

 

[Economist: Switching to electronic cards will allow the Central Bank to track the movement of the dinar]

“working with cards will contribute to launching projects, creating new job opportunities, and ensuring that currency is not stored inside homes”

 

“working with the electronic system for trading in the dinar will allow the currency to be moved instead of storing it in homes and companies.”

 

Bring your chunky cash > Open an account > Get a card.

 

- This will help to bring back the chunky cash to the banking system 

- Less cash in circulation 

- Boost liquidity 

- Create confidence in the banking system 

Go CBI 

Go e-banking 

Go e- card

Go Stronger dinar

 

 

 

[Under the patronage of the Prime Minister, the conference on reforming the tax system in Iraq will start tomorrow]

25 minutes ago, Dretown39 said:

I agree. My statement is along the lines of starting the actual process of taxing the currency without RV'ing.

Agreed.👍🏼 

[Under the patronage of the Prime Minister, the conference on reforming the tax system in Iraq will start tomorrow]

The need to have a transparent and fair tax system in place before the RV.

 

 

[The President of the Republic to the Minister of Interior: Stability is an important element in achieving economic development and encouraging investment]

“the importance of consolidating the security and stability that Iraqi cities enjoy,” pointing out that “stability is an important element in achieving economic development and encouraging investment and the private sector”

 

This reminds me Shabibi’s words;

 

Go security

Go Stability 

Go RV

[Obstacles to the adoption of "Dinar-Tuman" in trade exchange. What does Tehran do with stacked dinars?]

You got that right ⬆️👍🏼

[Federal Prime Minister: The Retirement and Social Security Law comes into effect]

36 minutes ago, gregp said:

Thanks RJG. This is huge news!

Agreed gregp,

HUGE News.!!!

[Prime Minister: It is time for the Iraqi economy to be linked to the global economic cycle]

"Iraq cannot remain a consumer market for imported materials and goods,"
 

 "the time has come for our economy to be linked to the global economic cycle and to establish a strong industrial base that supports stability."

 

If they don’t want to remain a consumer market and be linked to the global economic cycle. They need to move to an open market economy and have an international recognized currency.

 

Go Open Market Economy 

Go international recognized currency 

Go Stronger Dinar