April 18 2023 “We Are Getting Even Closer”

Militia Man 

 …Al Sudani stated this weekend that there was going to be a rise against the dollar with the Iraqi dinar.  So the Iraqi dinar is to increase.  If you remember back about a week or two ago, maybe a little longer…he says, ‘…we reassure the citizen to not acquire the dollar because the dinar is the strongest”.  It’s open public information that he’s telling his citizens be careful using the dollar.  Don’t get rid of your dinars…He not only said it once, he said it twice…

Mnt Goat

 In Shafaq News, the Governor of the Central Bank of Iraq Ali Al-Alaq, on Thursday, that Iraq is on alert to adjust the exchange rate of the dinar…

Yada

 …I believe we are very close…before/during Eid and expectation of the rate release before the budget is finalized, EID is this weekend, 2nd reading yesterday…

Goldilocks 

“We Are Getting Even Closer”

Goldilocks and Seeds of Wisdom   

Thank you RJ   RJ:  Good evening Dinar Recaps,   

Goldilocks post comments and a link:   Iraq is expanding their ISX market to include oil, gold, and foreign companies.   This will expand the reach of the Iraqi Dinar and create more demand for their currency.   It is a move that will increase the value of their National Currency, of which, they are currently exclusively utilizing at this time.     They will need to move from a programmed rate to a competitive rate to succeed on a market expansion such as this we are witnessing.   We are getting even closer my friends.  

Frank26 

 It is strictly in my opinion they are now prepared to show them the new small category notes

[Iraq boots-on-the-ground report]  FIREFLY: The CBI governor…is saying the CBI is on high alert to change the dinar exchange rate.  He is saying this on News Channel One…He’s saying do to the auditing transfers of the hard currency.  This has to be done.  FRANK:  He’s talking about the float.

Articles  Quote:  “The convergence between the official exchange rate and the parallel market rate is a positive reflection of the national currency, and the coming days will witness a greater acceleration in its decline.”  What you’re saying is there are two rates in your country.  One of them is based against the dollar.  And the other one is based against jerks who want to inflate your currency…what have you done?  Controlled it. How?  Having an internal float.  The controlled float is being  done internally right now, they are talking about the + or – 2%-3% compliance.  This is removing all restriction on the national currency of Iraq!

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC’S….. WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 … GOLD = CHANGE

Breitling

 What is Iraq looking at?  They’re looking at more customers.  They want to sell more product and have more customers.  That’s it… Iraq and the Middle East are changing their financial strategy/business plan on how to gain more customers…

Sandy Ingram

 Participate in one or more of the low-cost investment options so that you are building wealth while we wait on the Iraqi dinar to revalue, float or go digital.  It is important to keep the doors of investment open.   Once you train the mind to expect wealth it will come.  Your subconscious mind will never ever let you down.  Be careful of your thoughts…

Walkingstick

 [via Frank26]   We suggested there would be another rate change before the float at least 1 to 1.  It went from 1300 to 1132 then IMO the next rate change will put the IQD in position to float at 1 to 1, 1 to 2, 1 to 3 it is unknown to us at this time.  We do not have those variables.  It’s being presented to the Iraqi citizens themselves.  They already told them.  That alone is so powerful.

  They want the citizens to know their new national currency will be stronger than it’s ever been – Stronger than any currency that they have ever been using because the American dollar is tumbling and Iraq is going in the opposite direction.

MarkZ 

they were suddenly ready to do the second reading of the budget on Sunday…Earlier we had been told they were not going to read it until after Ramadan and make a lot of changes to the budget. But many of us were of the mindset that everything is already done. We firmly believe we will see a little bit of smoke and then they send it out. Similar to the smoke we saw from Kuwait and China before they had major value changes to  their currency. They read it and passed it with no changes for the second reading…the final reading is coming…my sources say they expect to see that tomorrow. Perhaps that is why we are seeing a lot of chatter about tomorrow right now….

  In Iraq – “The house of representatives keeps its session open and resumes this evening”  They completed the second reading. We do not yet know the timing of the third reading. There were no changes in the budget law…this is important…What I am hearing from Iraq …there is a possibility they do their third reading tomorrow and just announce it. They are trying to keep things as quiet as they can. They want to keep it under wraps until Thursday or maybe Friday.   There are a lot of rumors and chatter from the banking side that tomorrow could be the “GO”…. We will see.

 Question:  What do you think the dinar rate will be?   MarkZ Answer:  With a combination of what my gut is telling me…charts, and conversations…I believe it will be somewhere between $4.20 – $5.35…  After many conversations that is what I think we are going to see.  But I could be way off and completely wrong.

Bondlady’s Corner Iraqi News Highlights 

 Iraqi News Highlights Monday Evening 4-17-23   Tlm724 Administrator Bondlady’s Corner   The Governor Of The Central Bank Discusses With The Regional Representative Of The World Bank And His Executive Team The Reality Of The Iraqi Banking Secto

Economical Number of readings: 406 

 Baghdad / NINA / – The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, discussed today, Monday, with the regional representative of the World Bank and his executive team, the reality of the Iraqi banking sector.   

The media office of the bank stated, in a statement, that “the governor of the Central Bank of Iraq met with the regional representative of the World Bank, Farid al-Hajj, and his executive team, as part of a series of meetings of the World Bank and the International Monetary Fund in Washington,” and discussed with him the reality of the Iraqi banking sector and enhancing the concept of financial inclusion in the country through programs. Especially with international institutions,   and he explained that the two sides discussed the recent measures taken by the Governor of the Central Bank of Iraq in combating money laundering and financing terrorism, as well as accelerating banking reforms for government banks, and government support for reform in this vital sector.   

The governor stressed, according to the statement: “Continuing to support the green economy and renewable energy through the clean energy initiative, which is represented by lending citizens to purchase solar energy systems and cooperation with government agencies to ensure the quality of the systems,” calling for “technical support and benefiting from the expertise of the World Bank in expanding the initiative of the Central Bank.” In lending to small projects in light of the successful experiences of other countries.   He revealed “the creation of the International Organizations and External Relations Department, which is linked to the Governor of the Central Bank to organize, strengthen and follow up on relations, programs and memorandums of understanding with organizations and external parties.”   For his part, the regional representative of the World Bank expressed his cooperation in building the functional and technical capabilities of the Central Bank employees in the field of banking supervision and the supervision of electronic payment companies and non-bank financial institutions.   

 The Ministry Of Planning Continues To Discuss The Effects Of Changing The Exchange Rate In The Iraqi Market   

Baghdad / NINA / – Today, Monday, the Ministry of Planning confirmed its contact with the concerned authorities to discuss the effects of changing the exchange rate in the Iraqi market.   A statement by the ministry said: “The Ministry of Planning continues to study and discuss the effects of changing the exchange rate in the Iraqi market, in cooperation with the Central Bank of Iraq and representatives of the private sector, in implementation of the directives of Prime Minister Muhammad Shia’ al-Sudani, with the aim of developing possible treatments to reduce the effects resulting from changing the exchange rate.” .   

The statement added, “In this context, the second deliberative meeting of the team in charge of preparing the study was held at the Ministry of Planning, headed by the Undersecretary for Technical Affairs, Maher Hammad Johan. Views of representatives of the private sector in this regard.   According to the statement, the meeting discussed a number of proposals and recommendations aimed at addressing the repercussions of changing exchange rates on the economic and commercial movement, as the ministry will present its recommendations in this regard to the Council of Ministers. 

The meeting was attended, according to the statement, by the Deputy Governor of the Central Bank of Iraq, Ammar Al-Ithawi, and the Director General of the Department   . The economic and financial policies in the ministry, Sabah Jundi Mansour, representatives of the Federation of Chambers of Commerce, the Federation of Iraqi Industries, and the Association of Private Banks, are representatives of the private sector. 

Al-Alaq To The Representative Of The World Bank: We Continue To Support The Green Economy And Renewable Energy  

Baghdad – Mawazine News,  Governor of the Central Bank of Iraq Ali Mohsen Al-Alaq, accompanied by the Iraqi delegation, met with the regional representative of the World Bank, Farid Belhaj, and his executive team, as part of a series of meetings of the World Bank and the International Monetary Fund in Washington.   The meeting discussed “the reality of the Iraqi banking sector and enhancing the concept of financial inclusion in the country through special programs with international institutions.” The two parties also discussed “the recent measures taken by the Governor of the Central Bank of Iraq in combating money laundering and financing terrorism, as well as accelerating banking reforms for government banks.” 

and government support for reform in this vital sector.   In turn, Al-Alaq stressed, “continuing to support the green economy and renewable energy through the clean energy initiative, represented by lending citizens to purchase solar energy systems and cooperating with government agencies to ensure the quality of the systems,” calling for “technical support and benefiting from the expertise of the World Bank in expanding the Central Bank’s initiative in Small business lending in light of the successful experiences of other countries.  

 Al-Alaq revealed “the creation of the Department of International Organizations and External Relations, which is linked to the Governor of the Central Bank to organize, strengthen and follow up relations, programs and memorandums of understanding with organizations and external parties.”   In addition, the regional representative of the World Bank expressed his “cooperation to build the functional and technical capacities of the Central Bank’s employees in the field of banking supervision and the supervision of electronic payment companies and non-bank financial institutions.” 

  Al-Sudani: The Government Program Relies On The Role And Support Of The Private Sector To Achieve Sustainable Development  

Baghdad – Mawazine News, Prime Minister Muhammad Shia’a Al-Sudani received, on Monday, the Japanese ambassador to Iraq, Futoshi Matsumoto, accompanied by Yutake Izaki, the managing director of “Toyota” in Iraq, and the head of the “Sumitomo” company in the Middle East, Hajime Mori.   According to a statement by Al-Sudani’s office, which Mawazine News received, “during the meeting, they reviewed the bilateral relations between the two countries, and ways to enhance them at all economic and development levels.”   

Al-Sudani stressed, “The government’s interest in the distinguished relations between Iraq and Japan, and the tendency to benefit from the experiences and practices of Japanese companies in the field of developing infrastructure in Iraq, and expanding and developing services provided to citizens.”   He expressed “Iraq’s aspiration to enhance the training and qualification experience for the Iraqi sectors, in cooperation with Japanese institutions and companies in order to gain experience and open investment opportunities for them.”   He explained, “The government program relies on the role and support of the private sector in order to achieve sustainable development and create job opportunities, and that partnership with Japanese entities will be a positive pillar in achieving these aspirations.”  

 For his part, the Japanese ambassador affirmed “the desire of his country, and the major industrial and economic institutions in it, to enhance joint cooperation and expand exchange with Iraq in various fields.” 

 The Government’s Financial Advisor To / NINA /: The Compliance Platform Behind The Decline In The Dollar Exchange Rate   

 Baghdad / NINA / – Today, Monday, the government’s financial adviser, Mazhar Muhammad Salih, attributed the recent decline in the exchange rate of the US dollar against the dinar to the application of the “compliance platform” and “strict bank procedures” on Iraqi banks.   Muhammad Salih said, in a statement to the National Iraqi News Agency ( NINA ), that “the monetary policy of the Central Bank of Iraq has achieved great success in applying the compliance platform with regard to foreign currency transfers, transparency and high governance of banks, all of which led to a decline in the dollar.”  

 And he pointed out, “The central bank’s window sales reached the high stable allowance and stability in the dollar,” noting that “the convergence between the official exchange rate and the parallel market rate is a positive reflection of the national currency, and the coming days will witness a greater acceleration in its decline.”   Muhammad Saleh continued, “The bank’s recent procedures are not easy to implement, and today the structuring of external transfers has taken the status of compliance and achieved widespread and great success, and the market has adapted to compliance requirements, and we are witnessing today that the parallel exchange market is rapidly approaching the official price.”  

 In the past few days, the exchange rate of the US dollar witnessed a gradual decline, reaching 145 thousand dinars per hundred dollars, after it was 168 thousand dinars per hundred dollars./ End 8  

 The exchange rates of the dollar stabilized today, Monday, in the local markets.   The selling price of the dollar was recorded at 145,000 dinars per 100 dollars, while the buying price of the dollar was recorded at 144,000 dinars per 100 dollars./ End 8   https://ninanews.com/Website/News/Details?key=1047732   A Slight Rise In Oil Prices In The Global Markets  

 Oil prices rose slightly on Monday, supported by OPEC + plans to cut more production, while investors await Chinese economic data in search of indications of a recovery in demand by the largest oil consumer in the world.