The Central Bank of Iraq confirms to Shafaq News the provision of five foreign currencies alternative to the dollar for traders

[Longtimelurker]

2 minutes ago, screwball said:

Especially if they are part of the QFS….and gold and asset backed..who knows I don’t 🤷‍♂️

Didn't think about that. Now that you mention it, I do believe i have read articles on most of these countries announcing they are going asset backed 

[Laid Back]

It is possible that they Peg the dinar to these basket of currencies (euro, Chinese yuan, Turkish lira, UAE dirham and Indian rupee).

 

There’s a lot of commercial exchange between them.

 

Go trade

Go Imports / exports 

Go stronger dinar

 

 

 

[6ly410]

GO IRAQI DINAR - Release the kraken!!!

[6ly410]

32 minutes ago, Longtimelurker said:

Sure seems like it's about to pop 

I agree 

[6ly410]

2 hours ago, 6ly410 said:

these currencies have become available to traders and the purpose of financing foreign trade, where the trader can now when he imports goods from China pay the Iraqi dinar to the Iraqi bank and through the bank the amount is paid to the Chinese company and factory in Chinese currency.

 

[screwball]

3 minutes ago, 6ly410 said:

GO IRAQI DINAR - Release the kraken!!!

So no more emojis….so you get this…🎯⏰💣🎉

[6ly410]

let this be the month!!!! 🙏🏻

[RJG]

39 minutes ago, 6ly410 said:

with all the fantastic news we have now… u would think we should have a new rate already 

The rate change might be the last thing they do. Not that first thing like we wanted.

[6ly410]

these currencies have become available to traders and the purpose of financing foreign trade, where the trader can now when he imports goods from China pay the Iraqi dinar to the Iraqi bank and through the bank the amount is paid to the Chinese company and factory in Chinese currency. ….        Go time imo 

[6ly410]

Just now, RJG said:

The rate change might be the last thing they do. Not that first thing like we wanted.

Yea regardless we should be close?

[6ly410]

iraq is screaming international!!!

[screwball]

2 minutes ago, 6ly410 said:

these currencies have become available to traders and the purpose of financing foreign trade, where the trader can now when he imports goods from China pay the Iraqi dinar to the Iraqi bank and through the bank the amount is paid to the Chinese company and factory in Chinese currency. ….        Go time imo 

Clearly usd are not being used..

[6ly410]

Just now, screwball said:

Clearly usd are not being used..

☝️

[screwball]

3 minutes ago, RJG said:

The rate change might be the last thing they do. Not that first thing like we wanted.

Could be correct…it would make sense to test the system before a rate change…

[6ly410]

it’s time to show us the new rate ? Delete 000 

[RJG]

yes they are, but seem to be keeping it quite to the international community.  But not to us who read their news every day. We see where they are headed. The rate change can't be far off.

[screwball]

Just now, 6ly410 said:

it’s time to show us the new rate ? Delete 000 

💯show us 3.22

Edited March 3 by screwball

[screwball]

1 minute ago, RJG said:

yes they are, but seem to be keeping it quite to the international community.  But not to us who read their news every day. We see where they are headed. The rate change can't be far off.

💯they keep covid news quiet why wouldn’t the keep this quiet?

[6ly410]

Sure looks like this is done 

[6ly410]

Very very close anyway 

[6ly410]

ABU DHABI, 27th February, 2024 (WAM) -- Atheer Daoud Al Ghurairi, Minister of Commerce of Iraq, has confirmed that Iraq has completed the requirements to join the World Trade Organisation (WTO) after completing economic reforms and improving the business environment.5

[6ly410]

what can you say?! Are we done? !! Just waiting for them to reveal the rate!!!

[6ly410]

we are close victory is near IMO 

[screwball]

1 minute ago, 6ly410 said:

ABU DHABI, 27th February, 2024 (WAM) -- Atheer Daoud Al Ghurairi, Minister of Commerce of Iraq, has confirmed that Iraq has completed the requirements to join the World Trade Organisation (WTO) after completing economic reforms and improving the business environment.5

Great news!

[6ly410]

Just now, screwball said:

Great news!

It is! Should see the new rAtE ASAP !? Imo