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

[BETTYBOOP]

12 minutes ago, screwball said:

i am praying for a rate change around the 20th til end of Dec! and hopefully its a 1:1 or even better $3.22 plus

 I am woth you on that 1! 

[new york kevin]

3 hours ago, screwball said:

Already linked to swift have been for over 15 years…BRICS yep already connected to correspondent banks..as for sanctions are irrelevant hence why they are linked to BRICS…no more U.S. sanctions because you didn’t agree with the us! Countries are sick of sanctions and wars! 

I agree to disagree on one point. US and UN Sanctions are still in place on Iraq otherwise Iraq would not need US approval to get their own money, that we hold , in order to fund domestic projects and budgets - like salaries in Kurdistan region, housing and infrastructure. So it does matter.

[NMP2017]

20 minutes ago, screwball said:

i am praying for a rate change around the 20th til end of Dec! and hopefully its a 1:1 or even better $3.22 plus

me too!

[new york kevin]

6 hours ago, dinarham said:

   Several weeks ago , Biden "allowed " Iraq to purchase electric power from Iran for the next couple of months ,extending some kind of embargo against Iran . This was concurrent with Biden condemning Iran bigtime . What can be taken from that? My take is that the US wants to keep Iraq happy .  With USD allegedly evaporating from Iraq on the first of the year , IQD must become a viable currency. Otherwise , Iraqis will rise up , starvation makes you do that .

USD won’t evaporate from Iraq in Jan 2024. It will be heavily regulated by the GOI/CBI , and will no longer compete with the IQD domestically. Forcing Iraqs population to use the IQD exclusively, increasing its velocity of use . Thus putting enhanced pressure on the CBI/IQD to move off of its current IQD valuation and toward the 10 - 60 cent mark sometime during the year or 1st 2 qtrs . Not a rate prediction . JMHO

Edited December 12, 2023 by new york kevin

[new york kevin]

P.S. The USD that the CBI pulls off of the domestic market will go into their USD Reserve, out of circulation. To be used when Iraqi citizens travel abroad to the States, and for trade with the US and countries doing business with the Swift System that want to do business in the USD. Such as, what is that country, Argentina ?

[screwball]

Just checked five year chart on IQD:USD and the best I could drill down showed rate change from 1160-1460 on Jan 1 2020 and other changes occurred in first quarter when went from 1450-1309…

[Bama Girl]

17 hours ago, screwball said:

Just checked five year chart on IQD:USD and the best I could drill down showed rate change from 1160-1460 on Jan 1 2020 and other changes occurred in first quarter when went from 1450-1309…

I found this info and posted in another conversation:

According to a chart from the CBI, the rate changed from 1182 to 145O on January 4, 2021. The next change occurred from 1450 to 1300 on February 8, 2023.

https://cbi.iq/static/uploads/up/file-17024645667148.xlsx

 

[NMP2017]

1 hour ago, Bama Girl said:

I found this info and posted in another conversation:

 

According to a chart from the CBI, the rate changed from 1182 to 145O on January 4, 2021. The next change occurred from 1450 to 1300 on February 8, 2023.

https://cbi.iq/static/uploads/up/file-17024645667148.xlsx

 

Look at line 600 - changes from 1182 to 1450 on 20 Dec 2020, then on line 684 changes from 1450 to 1300 on 1 March 2023

[Bama Girl]

4 hours ago, NMP2017 said:

Look at line 600 - changes from 1182 to 1450 on 20 Dec 2020, then on line 684 changes from 1450 to 1300 on 1 March 2023

I will be more than happy to receive the RV any day it happens. 

[Officiallytook]

So any time first qtr of '24

...or multiple adjustments

1-1

1-2

1-3 by end of first qtr '24

Edited December 13, 2023 by Officiallytook
...

[NMP2017]

2 hours ago, Bama Girl said:

I will be more than happy to receive the RV any day it happens. 

Me too! 20 Dec 2023 - 1 Jan 2024  Just my wild guess