Article May Suggests Iraq & Iran RV Together.

[Luigi1]

Here's an article of Dinarian interests...

Here's an interesting thought.

Could the Iran Rial RV with the IQD?

Will they both go at the same time?

Just a thought worth considering.

Treat as a rumor.  Not verified.  Your opine.

 

 

TNT via Tishwash:           Iran announces the start of settling its country’s exports to Iraq in its own national currency, the Riyal.  

ARTICLE:   The Governor of the CBI confirmed the start of a project to settle the country’s exports abroad in the national currency, the Riyal.   On the sidelines of the meeting of the Government & Private Sector Council in Khorasan Razavi Province (northeastern Iran), Muhammad Reza Farzin explained that the issue of settling Iranian exports via the Riyal currency outside the borders has been studied by the CBI for several months & that its entry into force will address the requirements of exporters to Iraq & Afghanistan.   He added, “This issue is one of the demands of Mashhad’s merchants for export to Afghanistan & through the implementation of the ‘Rial Offshore’ project (Riyals outside the borders), merchants will be able to benefit from it instead of foreign currency. “

 

[Luigi1]

Here's two articles of Dinarian interests...

Keep an eye on FOREX on Tuesday.

US & Iraq go digital on the 1st.

Treat as rumors.  Not verified.  Your opine.

 

 

 

Goldilocks:           “NPCI Launches ASBA-Like Facility For Secondary Market”
ARTTICLE:  The National Payments Corporation of India will begin it’s beta testing of their new foreign currency exchange mechanism & more in their Secondary Market on January 1st, 2024.  This means that the actual transaction will only be completed when confirmation on both sides of a trade are confirmed. T+1 settlement processing will take place all in one day.  Only a select few countries have been chosen to test this Secondary Market.  The US, Indonesia, Iraq, Vietnam & a few other countries will be processing their new local currencies on this new Digital payment system.

 

KTFA via Clare:           Positive Government Steps To Attract Major International Traders & Companies.

ARTICLE:  The Federation of Iraqi Chambers of Commerce revealed the existence of positive government steps that will attract major merchants & international companies.  The president of the union, Abdul Razzaq Al-Zuhairi, told a news agency: “Entering the electronic platform to pay taxes has become inevitable & will be implemented within the time frame set by the General Tax Authority, but there is a major problem represented by small merchants who now represent the majority.   They are forced to… To go to the parallel market,” noting that “there has been an old fear for decades, between the merchant & the government.”