Will Iraq Squander Another Golden Opportunity.

[Luigi1]

here's some articles from around Dinarland...

Will Iraq squander another golden opportunity.

Iraq has the chance to move forward very rapidly.

Theat as a rumor.   Not verified.   Your opine.

 

 

Clare:

ARTICLE:  “Economist: The new government has a golden opportunity to reduce the dollar exchange rate” 

Quote “ & raise the value of the Iraqi dinar, pointing out that all conditions are prepared for this measure.”

 

 

Clare:

ARTICLE:   The Deputy Minister of Finance participates in the monetary & World Bank meetings & stresses the comprehensive development.

 

The Minister of Finance, Ihsan Abdul-Jabbar Agency, headed the Iraqi delegation participating in the meetings of the International Monetary Fund & the World Bank, held in Washington, DC, with the participation of the Undersecretary & a number of general managers.

A statement by the Ministry of Finance stated that Abdul-Jabbar “conducted several side meetings with a number of financial and economic institutions, during which he stressed the importance of strengthening relations with various international partners & the trend towards developing areas of regional & international cooperation.”

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[Luigi1]

from other sources:

ARTICLE:  The New Government Has A Golden Opportunity To Reduce The Dollar Exchange Rate.

The economic affairs specialist, Muhammad Al-Saadi, confirmed that the new government has a golden opportunity to reduce the exchange rate of the dollar in the local markets and raise the value of the Iraqi dinar, pointing out that all conditions are prepared for this measure.

Al-Saadi said that “Iraq achieved a great financial abundance after the significant rise in international oil prices, which raised the central bank’s reserves to more than 80 billion dollars.”

He added, “The increase in oil prices and cash reserves will enable the new government to gradually reduce the dollar exchange rate during the next stage, as this is considered one of the first decisions that can serve the people.”

 

[Luigi1]

here's another article related to the above...A banking frenzy is going on...CBI Iraqis education is paying off...

 

 

Frank26   via Firefly:  Iraq boots-on-the-ground report...

Citizens are opening account all over the place here in Iraq and depositing money in banks like never before.   This is amazing and good for the stability of Iraq. 

FRANK:  Yes!  The citizens know!   They’re getting ready.  The reason why Iraqi citizens are pouring into the banks is because the education was extremely successful with you citizens.   You know very well what is about to happen to your currency.

[Luigi1]

here's another article related to the above...the ball is now in CBI's court...

make your move...

 

 

Clare:

Article:  “Political Analyst: Resolving the presidential position closed the blockage file and assigning Al-Sudani is like a shortcut to time”  Well CBI, you have your seated government.

[Luigi1]

here's more...

 

 

Frank26:

Article:  “The United Nations Mission:  The 2023 budget decision before the end of the year is urgent”  I DON’T LIKE YOU UN… BUT WE NEED THE THREAT OF CHAPTER 7 RETURNING!

[Luigi1]

Update:  Sudani wants the  the exchange rate done in two weeks...

 

 

PIMPY:

Article: “A member of Fatah: Al-Sudani will announce his booth within two week & reduce the dollar exchange” 

When they say reduce the dollar what they’re talking about is reduce the value of the dollar against the dinar, which is the right direction.  That’s the one we want to go into for them to do any serious rate change they’re going to need to build the private sector as well as the public sector.  The best you can hope for is the first step is that they just restore the last exchange rate…anytime we head in that direction is a good direction no matter how much the increase is…

[Luigi1]

here's another article related to the above...

 

Clare:

Article: “A coordination framework:

Completion of the ministerial cabinet of Muhammad Shia Al-Sudani within 10 days”

[WheresmyRV?]

I have a guy at work from Iraq that just started at my job and he doesn't speak too highly of Sudani.  He says he's just as big of a thief as Malaki is.

 

[cjdavid]

I want to go to

my bank and make a deposit too Frankie!!