During 2024.. The Iraqi Central Bank plans to cancel the “electronic platform” for external transfers

[NEPatriotsFan1]

14 hours ago, Longtimelurker said:

I'm hoping it's sooner but I'm seeing things indicating that it'll be beginning of next year..

I’ve been informed it’s next year Q1 and it won’t be near what any of the gurus have been preaching for 20 years…. But we’ll all make some money. I hope the person who told me is wrong. But they’ve been right about a lot of other stuff. 

[Half Crazy Runner]

33 minutes ago, NEPatriotsFan1 said:

I’ve been informed it’s next year Q1 and it won’t be near what any of the gurus have been preaching for 20 years…. But we’ll all make some money. I hope the person who told me is wrong. But they’ve been right about a lot of other stuff. 

Very interesting! I think we all agree here that guru rates are laughable. As far as the time frame goes, if I were guaranteed it would be one year from now I’d be quite happy with that.  Thank you for the inside info @NEPatriotsFan1!  

[Carrello]

50 minutes ago, NEPatriotsFan1 said:

I’ve been informed it’s next year Q1 and it won’t be near what any of the gurus have been preaching for 20 years…. But we’ll all make some money. I hope the person who told me is wrong. But they’ve been right about a lot of other stuff. 

 

• Do your informants have an answer for how they can rebuild Iraq at a rate of 1310
• And why the IMF and Sudani agreed on non-financing (using current Iraq funding only) for the projects to rebuild Iraq (1310)?
• Thanks

[rvmydinar]

3 hours ago, NEPatriotsFan1 said:

I’ve been informed it’s next year Q1 

Next year 2025? How accurate are your informants?

[rvmydinar]

3 hours ago, NEPatriotsFan1 said:

…. But we’ll all make some money. 

[3n1]

its all just projection and speculation / literally no one knows a date a rate or what the end game is for the iqd , even most iraqis dont believe to much about how strong the goi says the iqd is , they keep their iqd outside the bank system and im sure still trust and use the american dollar above iqd , idk who the secret sauce informant is makes no difference , ive heard it all before with dates and rates a busted clock is right twice a day 🤣 .. all the best dv'ers   

[Carrello]

Iraqis are opening million of bank accounts, utilizing POS, and considering it is again the law to use the US dollar for daily activities (gas, groceries, etc.) I would say Iraqi ARE trusting the banking system. 15,000,000 new bank accounts have been opened recently. Out of 42m Iraqis, a majority of Iraqis now have bank accounts. 

 

If Iraqis did not know the revaluation of their currency was coming, Sadr would have people in the streets after banning the US dollar for average purchases/payments. They know it is coming, and they see their country being rebuilt and know it takes time. The difference is they are patient, where we have expectations that have not been met in our timeframe. 

 

It's coming soon. 

 

The Sudanese advisor reveals a government plan to raise the number of bank accounts to 25 million

4 days ago

Baghdad

On Tuesday, Advisor to the Prime Minister, Mazhar Muhammad Saleh, revealed fundamental developments related to electronic payment, and while he confirmed that the number of accounts linked to payment had risen to 15 million, he pointed to a government plan to raise their number to 25 million by the end of next year.

Saleh said, in a statement reported by the official news agency and seen by Al-Eqtisad News, that “fundamental developments have occurred regarding the electronic payment file, including the requirements for the process that requires opening a bank account, as the number of adults who own accounts has increased to about 15 million citizens.” It represents 60 percent of adults as a result of the increased demand.”

He pointed out that “the state’s plan includes reaching approximately 25 million adult citizens in the number of bank accounts by the end of the year 2025,” noting that “this issue achieves the principle of financial inclusion (i.e. providing and extending banking services to the poorest social segments and introducing them into the core of the financial process.”) for the country).

He explained, “The fundamental developments included improving the principle of direct electronic government collection, which flows into the ""unified treasury account""and in a continuous process around the clock, which strengthens public financial governance and enhances the state’s resources by investing time in the financial resources flowing to the public treasury without delay.”

He continued, "Banking liquidity will be available in a transparent manner in the banking system, which will reduce the element of liquidity risks and unjustified banking financial hedging due to the lack of information about the flow of credit and debit funds, in addition to the expansion of the electronic payment circle that will provide customers through their banks with lines of credit or overdrafts and on... According to the customer’s credit record, this provides the necessary funds with additional limits for holders of credit cards and other digital payment methods.”

He pointed out that "all the benefits resulting from digital payments are only available through payment with electronic payment cards.

 

 

[nannab]

Thank you Carello this is great news. 

[Dinarrock]

6 hours ago, NEPatriotsFan1 said:

I’ve been informed it’s next year Q1 and it won’t be near what any of the gurus have been preaching for 20 years…. But we’ll all make some money. I hope the person who told me is wrong. But they’ve been right about a lot of other stuff. 

Sorry not a believer in your source he would in no way have this information no one does! Yes he may have been correct about some things in the past but I bet he never gave you the heads up at anytime the currency changed or what the rate would be over the past years??!!

 

However I too have been invested for 20 years and seen all kinds of gurus and sources come and go and yes some were right on a few things. I also just spoke with a friend who will remain nameless that used to post here many years ago that I haven’t  spoken with in a couple of years. This person believes we should see this possibly this month possibly. This is not from a contact or source, it’s a belief in God’s will and a vision that she has been given!

Edited January 20 by Dinarrock

[BETTYBOOP]

@Dinarrock  I have to agree nobody out with a very small group of people within the CBI AND THE GOI know when or how much the dinar will be worth

[horsesoldier]

Is "next" being "next" year Q1 or does "next" being"this" Q1 ???

Time for adult beverages 

[3n1]

last figure i read 70 percent iqd is outside the banking system in iraq , but hey if they have brought most all of it in now then thats great news and what the cbi claims needs to happen they have been trying every tactic for years.

thanks carello ...cheers 

[Dinarrock]

I will also add my friend has been 100% correct about many things that has happened in life before they happened down to every detail and has communicated it beforehand! Is it 100% every time no but through the power of prayer and visions and answers she believes it could be this month. Maybe it’s correct maybe it not but for now I choose to believe what she has said to me! Hoping and praying this is our month guess we will see!!

 

All the articles and news also lead us to believe more than another time in this investment that we should see a significant change in value sooner rather than later IMO!!

[Carrello]

Saudi Arabia let the cat out of the bag with the article below. Iraq will, IMHO, be recognized as a full member of the WTO at their next meeting February 26,29 2024. What does that mean for us? We all know: Iraq has accepted Article 8 and has a new exchange rate. The rate change could take place tomorrow through February 26, again, IMHO. Read the last line of this article.

 

Saudi Arabia strongly supports Iraq's accession to the World Trade Organization

 

2024-01-17 04:17

News / On Wednesday, the Kingdom of Saudi Arabia expressed its support for Iraq’s accession to the World Trade Organization, especially after the removal of the political obstacles that prevented it. 

The Iraqi Ministry of Foreign Affairs stated in a statement today that the Undersecretary for Political Planning Affairs, Ambassador Hisham Al-Alawi, along with Ambassador Saqr Abdullah Al-Muqbel, received the head of the team charged with negotiating Iraq’s accession to the World Trade Organization, and his accompanying delegation, at the Ministry of Foreign Affairs building in Baghdad, in the presence of Hussein Younis, Head of the Economic Department at the Ministry of Foreign Affairs.

The statement quoted the agent as saying during the meeting that: The Iraqi government is interested in openness to international organizations, and has a desire to activate Iraq’s presence in international forums, explaining that the Ministry of Foreign Affairs seeks to enhance regional and international cooperation alongside the relevant ministries in the government. 

He pointed out that Iraq has natural and human resources and a specialized workforce in many fields that deserve to be provided with job opportunities, expressing his hope that Iraq’s accession to such organizations will contribute to providing such opportunities by increasing investments in the private sector in light of the current openness and the government’s plans. To develop the economy and develop its various sectors.

For his part, the head of the Saudi delegation confirmed that the Kingdom believes that Iraq is a country that has chosen peace and stability and seeks to achieve economic development, pointing to the importance of Iraq to the Kingdom of Saudi Arabia from an economic standpoint. 

The Saudi delegation noted that the Kingdom believes that the ""political obstacles that prevent Iraq from joining the World Trade Organization have been removed"", stressing that the Kingdom’s government supports Iraq’s desire to enter global economic institutions.

[Shedagal]

54 minutes ago, Dinarrock said:

Sorry not a believer in your source he would in no way have this information no one does! Yes he may have been correct about some things in the past but I bet he never gave you the heads up at anytime the currency changed or what the rate would be over the past years??!!

 

However I too have been invested for 20 years and seen all kinds of gurus and sources come and go and yes some were right on a few things. I also just spoke with a friend who will remain nameless that used to post here many years ago that I haven’t  spoken with in a couple of years. This person believes we should see this possibly this month possibly. This is not from a contact or source, it’s a belief in God’s will and a vision that she has been given!

Dang, now I'm going to spend the rest of the day trying to figure out who you're talking about 😄

[Dinarrock]

48 minutes ago, Carrello said:

Saudi Arabia let the cat out of the bag with the article below. Iraq will, IMHO, be recognized as a full member of the WTO at their next meeting February 26,29 2024. What does that mean for us? We all know: Iraq has accepted Article 8 and has a new exchange rate. The rate change could take place tomorrow through February 26, again, IMHO. Read the last line of this article.

 

Saudi Arabia strongly supports Iraq's accession to the World Trade Organization

 

2024-01-17 04:17

News / On Wednesday, the Kingdom of Saudi Arabia expressed its support system" rel="">support for Iraq’s accession to the World Trade Organization, especially after the removal of the political obstacles that prevented it. 

The Iraqi Ministry of Foreign Affairs stated in a statement today that the Undersecretary for Political Planning Affairs, Ambassador Hisham Al-Alawi, along with Ambassador Saqr Abdullah Al-Muqbel, received the head of the team charged with negotiating Iraq’s accession to the World Trade Organization, and his accompanying delegation, at the Ministry of Foreign Affairs building in Baghdad, in the presence of Hussein Younis, Head of the Economic Department at the Ministry of Foreign Affairs.

The statement quoted the agent as saying during the meeting that: The Iraqi government is interested in openness to international organizations, and has a desire to activate Iraq’s presence in international forums, explaining that the Ministry of Foreign Affairs seeks to enhance regional and international cooperation alongside the relevant ministries in the government. 

He pointed out that Iraq has natural and human resources and a specialized workforce in many fields that deserve to be provided with job opportunities, expressing his hope that Iraq’s accession to such organizations will contribute to providing such opportunities by increasing investments in the private sector in light of the current openness and the government’s plans. To develop the economy and develop its various sectors.

For his part, the head of the Saudi delegation confirmed that the Kingdom believes that Iraq is a country that has chosen peace and stability and seeks to achieve economic development, pointing to the importance of Iraq to the Kingdom of Saudi Arabia from an economic standpoint. 

The Saudi delegation noted that the Kingdom believes that the ""political obstacles that prevent Iraq from joining the World Trade Organization have been removed"", stressing that the Kingdom’s government supports Iraq’s desire to enter global economic institutions.

Great articles you have been posting thanks!! Iraq cannot be a full excepted member in the WTO at their current exchange rate period!! For them to be a Full member their rate has to be atleast on par with the US Dollar I do remember reading that somewhere a long time ago!!! Maybe someone knows or can come up with the article or guidelines that Iraq has to complete to become a member?.

[Carrello]

It was reported the only item left was a intellectual property law to be passed for boxes to be check for full WTO membership.

[Half Crazy Runner]

Thanks @Carrello! 

[WheresmyRV?]

2 hours ago, Carrello said:

Saudi Arabia let the cat out of the bag with the article below. Iraq will, IMHO, be recognized as a full member of the WTO at their next meeting February 26,29 2024. What does that mean for us? We all know: Iraq has accepted Article 8 and has a new exchange rate. The rate change could take place tomorrow through February 26, again, IMHO. Read the last line of this article.

 

Saudi Arabia strongly supports Iraq's accession to the World Trade Organization

 

2024-01-17 04:17

News / On Wednesday, the Kingdom of Saudi Arabia expressed its support system" rel="">support for Iraq’s accession to the World Trade Organization, especially after the removal of the political obstacles that prevented it. 

The Iraqi Ministry of Foreign Affairs stated in a statement today that the Undersecretary for Political Planning Affairs, Ambassador Hisham Al-Alawi, along with Ambassador Saqr Abdullah Al-Muqbel, received the head of the team charged with negotiating Iraq’s accession to the World Trade Organization, and his accompanying delegation, at the Ministry of Foreign Affairs building in Baghdad, in the presence of Hussein Younis, Head of the Economic Department at the Ministry of Foreign Affairs.

The statement quoted the agent as saying during the meeting that: The Iraqi government is interested in openness to international organizations, and has a desire to activate Iraq’s presence in international forums, explaining that the Ministry of Foreign Affairs seeks to enhance regional and international cooperation alongside the relevant ministries in the government. 

He pointed out that Iraq has natural and human resources and a specialized workforce in many fields that deserve to be provided with job opportunities, expressing his hope that Iraq’s accession to such organizations will contribute to providing such opportunities by increasing investments in the private sector in light of the current openness and the government’s plans. To develop the economy and develop its various sectors.

For his part, the head of the Saudi delegation confirmed that the Kingdom believes that Iraq is a country that has chosen peace and stability and seeks to achieve economic development, pointing to the importance of Iraq to the Kingdom of Saudi Arabia from an economic standpoint. 

The Saudi delegation noted that the Kingdom believes that the ""political obstacles that prevent Iraq from joining the World Trade Organization have been removed"", stressing that the Kingdom’s government supports Iraq’s desire to enter global economic institutions.

[southbeach]

56 minutes ago, Half Crazy Runner said:

Thanks @Carrello! 

X 100 

[screwball]

3 hours ago, Carrello said:

Saudi Arabia let the cat out of the bag with the article below. Iraq will, IMHO, be recognized as a full member of the WTO at their next meeting February 26,29 2024. What does that mean for us? We all know: Iraq has accepted Article 8 and has a new exchange rate. The rate change could take place tomorrow through February 26, again, IMHO. Read the last line of this article.

 

Saudi Arabia strongly supports Iraq's accession to the World Trade Organization

 

2024-01-17 04:17

News / On Wednesday, the Kingdom of Saudi Arabia expressed its support system" rel="">support for Iraq’s accession to the World Trade Organization, especially after the removal of the political obstacles that prevented it. 

The Iraqi Ministry of Foreign Affairs stated in a statement today that the Undersecretary for Political Planning Affairs, Ambassador Hisham Al-Alawi, along with Ambassador Saqr Abdullah Al-Muqbel, received the head of the team charged with negotiating Iraq’s accession to the World Trade Organization, and his accompanying delegation, at the Ministry of Foreign Affairs building in Baghdad, in the presence of Hussein Younis, Head of the Economic Department at the Ministry of Foreign Affairs.

The statement quoted the agent as saying during the meeting that: The Iraqi government is interested in openness to international organizations, and has a desire to activate Iraq’s presence in international forums, explaining that the Ministry of Foreign Affairs seeks to enhance regional and international cooperation alongside the relevant ministries in the government. 

He pointed out that Iraq has natural and human resources and a specialized workforce in many fields that deserve to be provided with job opportunities, expressing his hope that Iraq’s accession to such organizations will contribute to providing such opportunities by increasing investments in the private sector in light of the current openness and the government’s plans. To develop the economy and develop its various sectors.

For his part, the head of the Saudi delegation confirmed that the Kingdom believes that Iraq is a country that has chosen peace and stability and seeks to achieve economic development, pointing to the importance of Iraq to the Kingdom of Saudi Arabia from an economic standpoint. 

The Saudi delegation noted that the Kingdom believes that the ""political obstacles that prevent Iraq from joining the World Trade Organization have been removed"", stressing that the Kingdom’s government supports Iraq’s desire to enter global economic institutions.

🙏boom

[screwball]

2 hours ago, Dinarrock said:

For them to be a Full member their rate has to be atleast on par with the US Dollar I do remember reading that somewhere a long time ago!!!

Not sure about the parity but I know they have to be pegged or floating and cannot be tied to gold as per IMF/WTO agreeemnts…

[rvmydinar]

2 hours ago, southbeach said:

X 100 

Upps...I thought " X 100 " means our ROI will be 100 times ( that would be around a dime ) from the original investment.

[ScaryMary]

@Carrello

So nice to see you posting wonderful information.

I missed you.

Blessings Love Light and Prayers.

[screwball]

14 hours ago, 3n1 said:

all just projection and speculation / literally no one knows a date a rate or what the end game is for the iqd

💯🎯⏰