keylime

Maybe we should send an American linguist to Iraq and teach them the acronym ASAP and its meaning. Then progress would be made right away instead of "soon."

1310 doesn't work for me. Why would it work for Iraq?

Yes. No where to go but up.

I think it's time to find my dinar in the taped up shoe box in my closet. I hope it's in my closet.....

And Don't come back until you RI !!!

must be a typo. Ha!

my thoughts on it?

That may just be the dollar value moving and the IQD mimicking it's movement as opposed to it being a true floating value against the dinar.

Goody for ya!

History is on your side but is the future? We will see....

Probably not before massive backlash and rioting and suicide bombs into the banks and parliament.

That is such an interesting statement. I wonder if the translation is off. I can't see them forcing people to deposit money, maybe compelled or encouraged. Either way, there can't be too many things that could get people to extract their money from their mattresses and put it in the bank unless it really benefits them in a massive way. And personally a free toaster won't be that "it"....Things that make you say "hmmmm"....

according to the macro cycle it had to hit it's low before it gaps up. The low in this cycle is about 6.50 or so. This is historical and repetitive. the "elevator" is about to go through the roof.

AMC is in great shape financially. Impossible they go bankrupt especially now that the writer's strike is over. People are going to the theaters more than ever. They are showing exclusive concerts, selling popcorn, etc. bankruptcy isn't even on the table. This will never go below 6 dollars. We are about to see a squeeze. Anywhere from Dec 27th to jan 28th. The macro cycle is about to reset. It always reset with a squeeze, only this time it will be more violent and volatile than ever. MOASS!

me too!!!

Well, I am "Preparing to Exit the World of Investing in Iraq" HA!

The impetus for the RV is not as much International trading. It is more, as you said, going strictly Dinar inside Iraq. The undo burden on the citizenry if they do not RV would be heinous. Forcing them to use worthless money without buying power would cause a violent revolt. I definitely don't think Parliament wants that nor the CBI for that matter.

Yes. You as well! Dates to watch. December 27th through January 28th. The macro cycle is about to turn over again. The end of the cycle triggers a squeeze that has previously sent it to all time highs only this time it could be the MOASS. Looking forward to an amazing New Year for both Dinar and AMC!!!

They can restructure the budget anytime. In fact they have already talked about it in a recent article. So RV, restructure and lower denoms will go hand in hand.

You mean Modelo. Bud is out. Ha!

Tune in tomorrow. Same camel time. Same camel station.

That liberal state thank God doesn't control the nation

August

Economic expectations that the dollar will lose 20% of its economic power early next year Economic expectations that the dollar will lose 20% of its economic power early next year 12-13-2023 Information / Baghdad.. The Diyala Chamber of Commerce confirmed, on Wednesday, that the dollar will lose 20% of its influence in Iraqi markets during 2024. The head of the Diyala Chamber of Commerce, Muhammad Al-Tamimi, said in an interview with Al-Maalouma, “Washington used the dollar 4 times during 2023 to pressure Baghdad to achieve a political agenda, which led to provoking crises and raising prices at rates of up to 10%, especially for basic materials, due to the influence of the dollar’s liquidity and its control.” About 90% of transactions are done directly. He added, “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, and others.” He pointed out that “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.” In the past months, the Iraqi markets suffered from instability in the dollar exchange rates and its direct impact on the markets. almaalomah.me

Starting today…a third of Iraq’s imports will be freed from the control of the dollar Starting today…a third of Iraq’s imports will be freed from the control of the dollar 2023-12-13 | 03:01 The Central Bank of Iraq announced today, Wednesday, the launch of the process of financing Iraqi imports from the Emirates with the Emirati dirham. The Central Bank of Iraq stated in a statement received by “Al-Sumaria News”, “The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, met in Dubai with the Chairman of the First Abu Dhabi Bank Group, Hana Al-Rustamani, and during the meeting it was agreed to launch financial transfer operations between the two countries and finance trade and imports between Iraq.” And the United Arab Emirates in the UAE dirham currency through the First Abu Dhabi Bank. The bank indicated that transfer operations in the UAE dirham will begin today, Wednesday, December 13, and the first phase of this agreement will be with five Iraqi banks, which will be gradually increased. He stated that “this step comes within the framework of enabling Iraqi banks to establish relationships with reputable international banks, and it serves… “Towards reducing dependence on the electronic platform for financial transfers and working in accordance with the normal international practices adopted in strengthening Iraqi bank balances for the purposes of financing trade.” Iraq’s imports from the UAE annually amount to more than 20 billion dollars, most of which are considered re-exports of goods from other countries, out of total imports to Iraq. It amounts to 60 billion dollars annually. Accordingly, this means that approximately 35% of Iraq’s annual imports will not be made through the dollar in the future. alsumaria.tv