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Showing results for tags 'exchange rate.'.
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Here's an article of Dinarianninterests... Iraqi Banks Are Working Hard To Keep The ER High. Treat as a rumor. Not verified. Your opine. FROM IRAQI SOURCES: Iraqi Banks Are Working Hard To Keep The ER High. ARTICLE: The secrets of the Dollar crisis against the Dinar. Economic expert confirmed that the crisis of the Dinar ER against the USD is due to many factors. Al-Halbousi said in a press statement: “It is well known that the rise in the Dollar ER & the decline in the value of the Iraqi Dinar have been ongoing for more than two years & here we confirm that the value of the Dollar is stable, but the value of the Iraqi Dinar fluctuates between rise & fall & most of the time it is a fall.” He continued, “The rise & fall of the Iraqi Dinar ER against the Dollar from time to time is due to several reasons, including the continuation of trade with the sanctioned countries, which requires financing from outside the platform by relying on the parallel market, which is the real controller of the ER. Until now, the CBI has no authority over it,” noting that “there are countries that live on the Dollar in Iraq in the absence of the role of the CBI to regulate the ER & stop the currency bleeding, with the penetration of these countries through private banks that dominate the currency selling window.” He explained that “private banks also push for the ER to remain high, because it benefits them. They have exploited the law of delivering Dollar remittances to individuals & companies coming from abroad & delivering them to their owners in Iraqi Dinars & at the official price & then they sell the Dollar at the parallel market price, which increases their profits. Therefore, they are a stumbling block to the stability of the ER & stopping the bleeding of the value of the Iraqi Dinar.” He explained that “remittances & the currency sales window are monopolized by a few banks that control the ER & manipulate it as they wish, which explains their achievement of imaginary profits from Dollar remittances, which has begun to drain Iraqi oil revenues that finance the window, knowing that the volume of daily Dollar sales is very suspicious & contradicts the volume of goods entering, which means the continued smuggling of Dollars abroad, carried out by the banks controlling the window & remittances & with international collusion,” Noting that “the American sanctions & the continued threat of them are another reason for the continued decline in the value of the Iraqi Dinar against the Dollar with the inability of the CBI to solve the problem of sanctions with the American side, as well as the inability to control the work of banks & control their fraudulent work that has caused Iraq problems with the Americans, in light of the continued smuggling of Dollars in various ways practiced by banks owned by foreign countries.” The economic expert pointed out that “the government is still counting on the CBI & its management to control the ER, which the CBI has not succeeded in, but rather has failed in all its steps with the arrogance of private banks & their control over the CBI with external support, in addition to the influence of these banks within the CBI, which means that until now it has not found a solution to stop the decline in the value of the Iraqi Dinar against the Dollar, which will lead us into major problems in the coming days, especially if new American sanctions are imposed on Iraq, in addition to the rise in the geopolitical conflict in the region that casts its shadow on Iraq in a multi-faceted manner.”
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Here's an article of Dinarian interests... F26 says the Budget is Activated & the ER is in the Budget. There is no evidence the ER is in the Budget. Has anyone heard anything of the ER in the Budget? Treat as a rumor. Not verified. Your opine. Frank26: Iraq-Boots-On-The-Ground Report via FIREFLY: The Budget Has Been Implemented. ARTICLE: We have Saleh the finance advisor to Sudani on television, Iraqi Channel One right now & he's saying that today the 2024 Budget it's in full force. He also says it's active & there's no need to send this budget to parliament for any approval. We are very confused. We thought it was being amended...Now saying no need to send. FRANK: The budget does not need parliament. I keep telling you this over & over over. The budget waits for the new ER. The ER is not waiting for anyone or anything especially stupid parliament.
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Here's some articles of Dinarian interests... Liberating the ER back to normal. Treat as Rumors. Not verified. Your opine. KTFA via Clare: Liberating The Dinar From The Official Rate… Obstacles & Solutions. ARTICLE: With the return of fluctuations in the Dinar exchange rates, there is renewed talk about the necessity of getting rid of the “official price” with the aim of reducing the difference with the price in the parallel market, by subjecting the local currency to global supply & demand, similar to other countries. But many obstacles stand in the way of this step, among them “ The unilateralism of the Iraqi economy, which relies on oil & government revenues & the absence of correspondent banks in the dinar currency, according to specialists, also called for taking other possible solutions, such as “deleting the zeros” from the currency & withdrawing the cash mass from citizens & transferring it to banks. Bruce The Goose via WiserNow: GAGGED. ARTICLE: What we’re finding now is that some of the sources that we’ve had have…clammed up – they’re under new NDAs they’ve got gag orders…we don’t get as much intel as we’d like…That’s the bad side…The good side is…It shows that we’re so close to this going because they don’t want certain leaks to come out of certain portions of this exchange procedure & everything…they just want to have it quiet. That’s a good sign…
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Can There Be An ER Change In One Part Of Iraq & Not the Other?
Luigi1 posted a topic in Dinar Rumors
Here's two articles of Dinarian interests... Lower denominations are loaded in Kurdistan ATMs. This would indicate a Kurdistan RV-RI. There is no official change in the ER. Can there be an ER Change in one part of Iraq & not the other? These Gurus change their story as they go. The Goose has been saying for weeks that Kurd ATMs are loaded. These are MZ & Goose rumors...take with a grain of salt. Treat as rumors. Not verified. Your opine. MarkZ via PDK: The Brand-New Lower Denominations Are Out. ARTICLE: The chatter in Iraq is extremely awesome right now... I am hearing today that they are educating folks & spreading lower denominations ...brand new lower denominations. They are more prominent in the Kurdish region now is what I heard. A number of ministers have said that the ”parallel market” will be fixed in the coming days. How are they going to fix that? A revaluation. Bruce The Goose: Lower Denoms Are Loaded In ATMs In Kurdistan. ARTICLE: I'm hearing Kurdistan ATMs are loaded with the new lower denominations & will be released after our Thanksgiving holiday after US banks re-open for business on Black Friday. -
9-24-2023 Newshound Guru Pimpy We know that the Iraq dinar is much more valuable currency, how much of an impact it's [The US House of Representatives will hold a session next week to cancel the authorization for the invasion of Iraq] going to have on Iraqi dinar remains to be seen. Like I said I don't want to promise anything but I think then we could see some much bigger jumps in the value if outside investors start coming in because the authorization has been reversed, if these restriction are removed off the Iraqi dinar then we can see some huge jumps.
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Here's an article of Dinarian interests... Potential to have a really big positive impact on the Iraqi Dinar. Treat as a rumor. Not verified. Your opine. Pimpy: The Last Sanction Is Limited Access To International Financial System. ARTICLE: Iraq has been excluded from the global financial system due to US sanctions which has limited its ability to access international markets & made it difficult for foreign investors to participate in their country’s economy. With the reveals of this authorization [The US House of Representatives will hold a session next week to cancel the authorization for the invasion of Iraq] this can all change. You might see a pretty big jump in the Iraqi Dinar. I don’t want to promise anything & don’t want to blow smoke up people’s butt but it has the potential to have a really big positive impact on the Iraqi Dinar.
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Here's an article of Dinarian intersts... MarkZ is the latest Guru to claim the RV is in the Budget Law. There's no evidence pointing of a rate change linked to the Budget Law. Treat as a rumor. Not verifieid. Your opine. MarkZ: via PDK: The RV Is In The Budget. ARTICLE: I am still hearing the rumor that we will see the new rate when they issue & publish the instructions for the budget…which has already been passed. They have done a great job of keeping this under wraps & secret. Getting mixed reports as to whether this will be Saturday or Monday/Tuesday. Personally I think this is going to be “IT”.
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Here's an article of interests from Dinarland... Procedures To Limit The Rise In The Exchange Rate Of The USD. Treat as a rumor. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: Starting Procedures To Limit The Rise In The Exchange Rate Of The USD Against The Dinar. The Iraqi Trade Bank decided to expand the scope of the external financial transfer process for merchants. The media expert of the bank, Aqil Al-Shuwaili, said in a statement: “Based on the directions of the Presidency of the Council of Ministers & the CBI to limit the rise in the exchange rate of the USD against the Dinar in the local markets & to support the import process in accordance with the legal frameworks & correct & sound contexts to ensure the safety of financial transfer operations, which are positively reflected.” On individual merchants & shop owners, the Trade Bank of Iraq (TBI) decided to take the initiative to expand the scope of the external financial transfer process. He explained, “This will be done by allowing the aforementioned groups to import consumer goods at the exchange rate of the CBI 1320 Dinars per one USD, provided that the value of the external transfer for each individual trader per month does not exceed ($100,000 only one hundred thousand USD),” indicating, “It will be Work on this matter, starting with the bank’s branches in the capital, Baghdad & the work will be expanded in other branches outside Baghdad soon, according to the instructions of the Iraqi Trade Bank. Below are the requirements for opening an account for individual merchants and shop owners as follows: 1- Identification documents: Civil status identity, Iraqi nationality certificate or unified national card, housing card, Iraqi passport, or submitting an undertaking to provide us with the passport as soon as it is issued. 2- Submitting what shows the deposited sources of income (sale receipts or contracts for periods not exceeding the previous six months) or any other documents that show that. 3- Submit proof of work address (lease contract or real estate deed). 4- Fill in the Know Your Customer (KYC) form. 5- A valid Chamber of Commerce ID (if any). 6- Provide evidence of the merchant’s activity. 7- Submitting an undertaking that the individual trader will not own a company registered now or in the future.
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Here's an article from Dinarland... US policies weakens IQD against the USD. Oh No...The IQD is going in the wrong direction. Treat as a rumor. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: The Crisis Of The Rise Of The Dollar Returns To The Fore & An Upcoming Parliamentary Procedure. ARTICLE: On Friday, the Parliamentary Finance Committee confirmed its intention to host the governor of the Central Bank & the Minister of Finance during the next week, to find out the reasons for not controlling the parallel exchange rate. The parallel price means the exchange rate of the Dollar in the market and exchange offices & not the official rate set at 1132 Dinars per Dollar, according to the decision of the Board of Directors of the Central Bank of Iraq, which was approved by the Council of Ministers. The exchange rates of the USD rose against the Iraqi Dinar, in the Baghdad markets & in Erbil, the capital of the Kurdistan region, after Washington imposed sanctions on 14 Iraqi banks. As the Al-Kifah and Al-Harithiya stock exchanges recorded, with the closing, yesterday evening, Thursday, 150,900 dinars for 100 Dollars, while in Erbil it recorded 151,000 Dinars for every 100 Dollars & the purchase price was 150,950 Dinars for 100 Dollars. In this context, Moein Al-Kazemi, a member of the Finance Committee, deputy, says, “The government tried to control the exchange rate, by reducing the Dollar from 145 to 130 & was able to provide remittances to countries to which remittances can be sent.” Al-Kadhimi added, “But there are other countries from which Iraqi merchants import & US sanctions prevent sending these remittances, forcing these merchants to obtain Dollars from the parallel market.” He explains, “Which leads to the Dollar’s price remaining high in this market & with the recent measures of the US Federal Reserve not to deal with a number of private banks, this had an impact on the Dollar’s price rise, to reach 155.”
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Here's an article of Dinarian interests... Can Iraq become a member of the WTO with existing ER. South Korea has a similar ER...has been a member for decades. Treat as a rumor. Not verified. Your opine. Pimpy: WTO. ARTICLE: The WTO isn’t going to let them in unless they change their exchange rate. That’s false. They have many members in there with even worse currencies than the Iraqi dinar…Vietnam is one of the members & they’ve been in there since 1950…For every US dollar you get 23,540 Vietnam Dong. To say they have to increase your exchange rate in order to be a member of the WTO is false.
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Here's an article of Dinarian interests... Sudani talks about the problem with the high Dollar ER. Treat as a rumor. Not verified. Your opine. From Other Sources: The Sudanese Is Talking About The Problem Of The Dollar. ARTICLE: Prime Minister Muhammad Shia’ al-Sudani revealed five priorities for the government program, while referring to directives to review large previous contracts & subject them to financial & legal scrutiny. Al-Sudani said, during his talk about the most important aspects of the semi-annual report for the implementation of the government program, “The program has received continuous follow-up since the approval session until the last session in which this report was approved On June 20, this work was accomplished without a budget & we worked with the available resources in the ministries & governorates.” According to the powers of the government. He added, “Focus was placed on the five priorities of the government program, represented by confronting unemployment, addressing poverty, combating financial & administrative corruption, providing services, & economic reform,” explaining, “the priority is to speed up the completion of Lagging projects that have been hampered for years, due to mismanagement, lack of allocations, or because of corruption. “. He pointed out that “the operation of the Karbala refinery with a capacity of 140,000 barrels per day, and it will provide Iraq with up to $3 billion that used to go to import oil derivatives & proceed with the project to expand the Shinafia refinery in Diwaniyah.” On the reality of the electric current, Al-Sudani said, “311 km of feeders (11, 33 KV) and 923 km of electric transmission lines have been extended, which contributed to bringing the national production of electric power to 26,000 megawatts.” In another matter, Al-Sudani confirmed, “The basket has been distributed food baskets for 5.871 million of those covered by protection, 5 food baskets were distributed, and the sixth is being distributed among them.” He added, “42,000 displaced families are covered by social protection, and tuition fees are reduced for students covered by social care in public universities for evening studies and private universities.” He continued, “We directed all ministries to review large previous contracts & subject them to financial & legal scrutiny, and we assured ministers & the minister’s entourage that office managers should not be from partisan & political parties,” adding, “Recovering huge sums of money.” looted money in the case of theft of tax secretariats & this file is subject to daily follow-up by the government.
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Here's an article of Dinarian interests. What we already knew all along. The Gurus were lying when they said the ER is in the Budget Law. The RV-RI is a separate event. Budget Law will increase dependence on the USD. Treat as a rumor. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: Financial expert: The Dollar Will Not Decrease Against The Iraqi Dinar With The Approval Of The Budget Law. ARTICLE: Financial expert Muhammad al-Hassani ruled out, on Sunday, the decline in the exchange rate of the Dollar against the Iraqi Dinar with the approval of the budget, stressing that the decrease & rise are linked to the procedures of the CBI. Al-Hassani said, “The exchange rate has nothing to do with approving the budget, but rather it is monetary policy from the task of the CBI, whose procedures are supposed to lead to the stability of the exchange rate.” He added, “Government spending with the approval of the budget will not lead to a decrease in the Dollar, but on the contrary, as it will lead to an increase in the demand for the Dollar because the government will spend new money for the new hires from the beginning of issuing their orders, which are salaries accumulated for more than 6 months & this will lead to a mass Large cash will go down to the market & will be spent on various matters & therefore this cash block will be transferred in Dollars in the purchase process, because there is no national production.
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Here's an article of Dinarian interests... IQD will strengthen against the USD. CBI committed to strengthening the IQD. It sounds more like a gradual float. Treat as a rumor. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner Central: Commitment To Strict Currency Financing Instructions Will Significantly Reduce The Exchange Rate. ARTICLE: The Central Bank revealed its plans to raise financial & gold reserves, while noting that adherence to foreign currency financing packages will contribute to a significant decrease in the Dollar exchange rate in the coming days. Al-Alaq said, in an interview with an official news agency, that “packages of instructions for financing in foreign currencies abroad were launched with the launch of the electronic platform,” noting that “the aim of this package is to meet the requests of all the needs of the Iraqi economic sectors in addition to the needs of citizens for travel, treatment & study.” “. Al-Alaq added, “These packages contributed to organizing a large part of the trade process in Iraq through the entry of various sectors into the official channels of transfer & mitigated the fluctuations in exchange rates, which at the beginning of the launch of the platform in the market reached approximately 160 thousand dinars per Dollar.” “. He stressed, “There is a significant improvement in the work of the trade financing platform & the cash payment platform & that proceeding in this framework will contribute to a significant decrease in the exchange rate in the coming days.” Regarding plans to raise financial reserves and gold in the central bank, Al-Alaq said, “The two most important factors that determine the accumulation and depletion of foreign reserves are external, as the accumulation of reserves is mainly linked to the amount of oil exports & the price of a barrel, while the depletion of reserves takes place through importing goods & services as well as external transfers.” “, stressing that “under normal circumstances, this bank aims to build a sustainable level of foreign reserves while ensuring high liquidity & relatively good returns.”
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Here's an article of Dinarian interests... Parliaments sets the official ER at 1,300 for the next 3 years. Treat as a rumor. Not verified. Your opine. From Other Sources: Parliament Votes On Two Articles That Include The Exchange Rate At 130 Thousand Dinars. ARTICLE: Parliament voted, Thursday, on two articles that include the exchange rate at 130,000 dinars. The House of Representatives also voted, earlier, on the first paragraph of the budget law. On Thursday, the House of Representatives proceeded to vote on the draft federal Budget Law for the Republic of Iraq for the fiscal years (2023, 2024, 2025). The media department of the House of Representatives announced the start of the voting session on the Budget Law, in the presence of 258 deputies.
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Here's an article of Dinarian interests... IQD slides to nearly 160,000 per 100 USD. CBI is unable to stop the decline of the IQD. Treat as a rumor. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: Dollar Exchange Rates On The Iraqi Stock Exchange For Today. ARTICLE: The National News Center publishes the exchange rates of the Dollar against the Iraqi Dinar on a daily basis, according to variables of the currency exchange market in the capital, Baghdad & the country’s provinces. In Baghdad: The selling price of the Dollar is 157,500 per 100 Dollars The purchase price of the Dollar is 156,500 per 100 Dollars In the North: The selling price of the Dollar is 157,750 per 100 Dollars The purchase price of the Dollar is 156,750 per 100 Dollars In the South: The selling price of the Dollar is 157,750 per 100 Dollars The purchase price of the Dollar is 156,750 per 100 Dollars
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Here's an article from Dinarland... Iraq-US high level meetings Part II. Treat as a rumor. Not verified. Your op From other sources: High Level Negotiations. ARTICLE: The start of the second round of high level meetings between the Iraq delegation & the US government regarding the high price of the Dollar. A source said in a news interview today, that "the meeting which was being held in Turkey will compliment yesterday's meeting".
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From around Dinarland... No plans to change the ER of the Dollar. Smoke & mirrors or is a RV-RI imminent? Treat as a rumor. Not verified. Your opine. From other sources: ARTICLE: A New Parliamentary Regarding The Exchange Rate Of The Dollar. Parliament Finance Committee head, Jamel Cougar said "The issue of the rise of the exchange rate of the Dollar is due to political & economic speculations" indicating "the government is not seeking to raise the exchange rate...things are still under control"
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here's an article from Dinarland... Article suggests one month to change the ER. What is not known is at what rate. Treat as a rumor. Not verified. Your opine. BondLadys'Corner via TLM274: ARTICLE: A Parliamentarian Reveals The Date Of The Decline In The Dollar Exchange Rate. A member of the House of Representatives, Baqir Kazem, revealed, on Saturday, the new measures taken by the CBI in order to reduce the exchange rate in the local markets, while confirming that the rise in the price of the dollar will decrease within a month from now. Kazem said in an interview, “The CBI is working to form a new appropriation department for the import of goods in order to control the parties that used to monopolize the dollar in the local markets,” noting that “these measures came after the escalation of smuggling operations in the previous period, which led to the rise that is happening.” right Now”. He continued, “The high exchange rate these days will not last more than a month after the new procedures that are being implemented by the CBI,” noting that “the latter will work to sell the dollar to merchants in the circle of new credits, at subsidized prices, directly.” He noted that “the reason for the increase is that many merchants transfer millions of dollars to money exchangers & fake companies working to smuggle it out of Iraq,” stressing that “the exchange rate after the new procedures will settle at 146,000 Iraqi dinars for 100 dollars.” The PM called for “opening the file of the currency auction, the exchange rate & the state of chaos in the markets within the agenda of the next cabinet session & taking immediate & urgent measures to address this file, which has become an unacceptable door to corruption & waste of public money.” The Finance Committee in the House of Representatives attributed earlier the reasons for the high price of the dollar against the Iraqi dinar to the pressure exerted by the US Federal Bank on the CBI.
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Here's an article from Dinarland... It appears the RV-RI process may be getting under way. Iraq banks say a return to the USD supply will lead to return of the exchange rate. Treat as a rumor. Not verified. Your opine. Bondlady’s Corner via TLM724: Association Of Banks: Central Bank Actions Will Return Dollar Prices To Their Rates. The Iraqi Private Banks Association announced today, Monday, that the Central Bank’s measures to increase the dollar supply through its approved outlets will lead to a return of exchange rates to their rates quickly. “The economic & political conditions & their repercussions negatively affect stability in the monetary system & the financial system & thus this will lead to economic instability & market confusion,” the association’s advisor, Samir Al-Nusairi, said in a statement, which the news agency received a copy of. Al-Nusairi added, “Several days ago, a new wave of criticism began from some media affected by rumors launched & driven by speculators in the currency exchange market with the aim of creating a state of confusion & instability & trying to drag the money market into instability & thwarting the central bank’s plans to control the target rates.” The exchange rate, which has remained stable since its adjustment to the new rates of finance, banks & the public.
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Here's an article from Dinarland... Progressing forward. The Kurds & Baghdad are on the same page. Both agree to reconsider the ER of the UDS. Treat as a rumor. Not verified. Your opine. ARTICLE: Parliamentary: Discussions & Dialogues To Reconsider The Exchange Rate Of The Dollar. The representative of the Kurdistan Democratic Party, Najwa Hamid, confirmed the parliament’s move towards reconsidering the exchange rate of the dollar.
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here's some articles from around Dinarland... IMF & WB meet with Iraq officials to hammer out differences. Al Jabbar heads Iraq delegation in Washington. CBI: We Are Not Thinking Of Changing The Exchange Rate. Theat as a rumor. Not verified. Your opine. Tlm724 via Bondlady’s Corner: ARTICLE: Abdul-Jabbar Heads A Delegation To Participate In The Meetings Of The International Monetary Fund & The World Bank In Washington. On Friday, the Deputy Minister of Finance, Ihsan Abdul-Jabbar, headed the Iraqi delegation participating in the meetings of the IMF & the WB, held in the American capital, Washington, with the participation of the Undersecretary & a number of general managers. A statement by the ministry, which a news network received a copy of, stated that “the Minister of Finance held several side meetings with a number of financial & economic institutions, on the sidelines of the meetings, during which he stressed the importance of strengthening relations with various international partners & the trend towards developing areas of regional & international cooperation.” And the minister indicated, “the efforts aimed at solving all problems and removing the obstacles that accompany the process of promoting investment opportunities and establishing projects in Iraq, stressing the need to involve the private sector to take its role in the overall economic activity to achieve comprehensive and sustainable development.” And the minister indicated, “the efforts aimed at solving all problems & removing the obstacles that accompany the process of promoting investment opportunities & establishing projects in Iraq, stressing the need to involve the private sector to take its role in the overall economic activity to achieve comprehensive & sustainable development.” According to the statement, “participation in the meetings of the Fund & the WB included: central bank governors, ministers of finance & development, senior officials from the private sector, representatives of civil society organizations & academics to discuss issues of global concern.” The statement indicated that “the visit of the Iraqi delegation comes as part of efforts to enhance & deepen the areas of economic cooperation with the two international institutions, as well as Iraq’s intention to obtain technical & technical support from the US Treasury & other financial institutions.” ARTICLE: From another source... The CBI: The Inflation Rate Is Controlled & We Are Not Thinking Of Changing The Exchange Rate. The Deputy Governor of the Central Bank of Iraq, Ammar Hamad Khalaf, confirmed that there is no justification for thinking about changing the exchange rate of the Iraqi Dinar, especially in light of the high oil prices & foreign cash reserves, which amounted to more than 80 billion dollars, noting that the inflation rate is about 6% & is controlling. It is necessary to stabilize the Iraqi dinar exchange rate.
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here's articles from around Dinarland... The rise of the Dollar is hurting the poorest Iraqis. USD against the IQD nears 1.500. UNAMI-GOI vows to resolve the political differences. Treat as a rumor. Not verified. Your opine. Tlm724 via Bondlady’s Corner: ARTICLE: The Continued Rise In The Exchange Rate Of The Dollar Against The Dinar. The dollar exchange rates witnessed, today, Monday, a slight increase in the local markets. Selling price: 148.200 dinars per $100 purchase price: 148.150 dinars per $100. ATRICLE: The Government’s Last Chance… A Parliamentary Interpretation Of The Outputs Of The UNAMI Statement. Independent MP Salah Zaini confirmed, on Monday, that the statement of the United Nations Mission “UNAMI” today, regarding the political situation in Iraq, will be a strong motivation for forming a government. In an exclusive interview with a news agency, Zinni said, “This interest on the part of UNAMI will motivate & generate a greater desire to resolve this file & that there is a need to move in this context.” Zinni continued, “The file of the political agreement & the dialogue of all parties will be a political incentive & there are confirmed indications that the file of forming a government will be resolved within a few days.”
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URGENT: Rumors from around Dinarland... Article suggests the RV-RI may have already happened. CBI may be hiding the rate until a formal announcement is made. Treat as a rumor. Not verified. Your opine. Tlm724 via BLC: Al-Kazemi: Changing The Dollar Exchange Rate Against The Dinar Is The Most Successful Decision. ARTICLE: Prime Minister Mustafa Al-Kazemi Money & business: Economy News – Baghdad. Prime Minister Mustafa Al-Kazemi confirmed that changing the exchange rate of the dollar against the dinar is the most successful decision taken by his government. Al-Kazemi said, in an interview with Al-Monitor, which was followed by “Al-Iqtisad News,” “We reached a point where we were unable to pay the salaries of employees and retirees, but thanks to the white paper, the Iraqi economy will witness reforms.” He added that my government agreed to implement projects such as the port of Al-Faw, the construction of solar power plants, the investment of gas associated with oil production & the construction of 1,000 schools. He explained that the Central Bank’s reserves rose from 49 billion dollars to 86 billion USD & changing the Dollar exchange rate was one of the most successful decisions we took.
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Luigi found this article of Dinarian interests... Parliament Bloc: Reduce the Dollar Exchange Rate. Treat as a rumor. Not verified. Your opine. TLM24: BLC: A Parliamentary Bloc moves to lower the Dollar exchange rate. Article: Mawazine News, Today: Al Ghanzai, a member of the State of Law coalition, revealed a move by his Bloc to reduce the Dollar exchange rate.
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Luigi found this article of Dinarian interests... Direct from the throat of the Goat. The Goat is in talks with the CBI & now the UST. Treat as a rumor. Not verified. Your opine. MntGoat: I am getting information both from Iraq & from the US Treasury indicating that the formation of the new government is close at hand & will be announced soon. The rate of the dinar in the system is now over $6 however I am having a difficult time grasping my arms around this rate. I can not believe they would actually start at this rate. It…will probably come out at around $3+ or maybe low $4. But this is just my observance of studying this situation for over 17 years now.