In A Very Difficult Situation...What To Do?

[Luigi1]

Here's an article of Dinarian intertests...

In a very difficult situation...what to do?

Treat as a rumor.  Not verified.  Your opine.

 

 

Clare:   In A Very Difficult Situation.

Article:  “Economists: A sharp rise in the USD ER will put the CBI & the Iraqi economy in a very difficult situation”   

Quote:  “It is also possible that the platform’s shutdown without an official announcement was a trial measure to test the market’s ability to adapt to the new situation without a platform & how the demand for the USD & its ER might be after this sudden platform shutdown. “

[Luigi1]

Here's another article of Dinarian interests...

They didn't include all these.

Treat as a rumor.  Not verified.  Your opine.

 

 

Militia Man:   They Didn't Include All These.

ARTICLE:  When Iraq was back in that ‘previous era’, let’s call it $3.22/$$2.80, they didn’t include all these [New revenue streams] that we’re talking about.  

Didn’t include $16 trillion worth of assets, natural resources that they have. 

They didn’t include the 350 billion pounds of silica.

That’s powerful because that’s income that goes to support the value of the real effective ER.  

Keep that in mind & you can see how this is playing out.

[Luigi1]

Here's WS two cents worth...no restrictions on the IQD...

 

 

Walkingstick:   No Restrictions On The IQD.

ARTICLE:  The IQD is going international due to no restrictions on their currency.

[Luigi1]

Here's Sandy Ingram's two cents worth...Iraq Is In No Position To RV At This Time...

 

 

Sandy Ingram:   No RV At This Time.

ARTICLE:  Iraq is not in a financial economic position to revalue at this time. 

There’s too many loose ends on the table.  

One of the loose problems is us.  

There are millions of dinars outside the country. 

One of the other major problems is the Iraqi people will not place their IQD into the Iraqi banks.  

How is a country going to revalue or do almost anything if the population will not put their money into the bank?

[edbeach]

Sandy Ingram the answer is simple raise the rate. Why do you think they not putting their funds in the bank BECAUSE THEY ARE WAITING FOR THE CBI TO INCREASE THE VALUE. Then you will see the population run to the banks. That's why the holding their money home all these years. They have been told years ago they will have a increase of their worthless cash.

[Luigi1]

Here's another article of Dinarian interests...

 

 

Tishwash:  "A Quantum Leap"  Al-Ahli Bank Of Iraq Signs Its Largest Digital Expansion Deal To Launch More Innovative Banking Services.

ARTICLE:  The Nat'l Bank of Iraq praised the investment developments taking place in Iraq, stressing that this is a strategic step that enhances the digital transformation in the country, while noting that the development of banking services is in line with the highest int'l standards. 

 

The bank said in a statement, "The bank has approved the purchase of 51% of the shares of both the Iraqi Electronic Gateway for Financial Services Company (SWITCH) & the Digital Future for Electronic Distribution Services Company," noting that "the General Assembly approved the authorization of the authorized manager, Ayman Omran Abu Dahim, to sign all agreements, documents & papers necessary to complete & implement the investment decisions." 

 

He explained that "this step is an integrated business model that combines the banking solvency & advanced technological capabilities of the two companies, enabling the bank to launch an innovative digital services system that includes developing nat'l payments, enhancing financial inclusion for individuals & small and medium-sized enterprises, as well as expanding the network of partnerships with global financial institutions.

 

This expansion comes in light of the increasing demand for financial technology solutions & smart payment applications in the Iraqi market."

 

He explained that "this investment opens the door for the bank to integrate its banking expertise with the technical capabilities of the two companies, which will enhance the development of advanced electronic payment services, transfers, digital wallets & points of sale, in addition to launching rapidly evolving digital platforms that meet market needs & keep pace with digital transformation trends." 

 

For his part, the Chairman of the Board of Directors of the Nat'l Bank of Iraq, Basim Khalil Al-Salem, said that “the purchase of 51% of Switch & Digital Future companies is a strategic step that reflects confidence in the ability of the Iraqi economy to lead the digital transformation in the region.

 

This expansion is in line with the bank’s vision of building an advanced financial system based on innovation & advanced technologies & supporting the development of banking services in accordance with the highest int'l standards.” 

 

Ayman Abu Dahim, the authorized manager of the Nat'l Bank of Iraq, said, “This investment represents a qualitative leap for the Nat'l Bank of Iraq, as it provides an advanced technological infrastructure that enables the bank to expand its digital services & launch new products that meet the growing market needs.

 

The integration of the bank’s expertise & the technical capabilities of the two companies will contribute to strengthening the electronic payments system & providing smart & secure solutions that enhance the customer experience & support the digital transformation in the Iraqi banking sector.”