MarkZ
[via PDK]
This one is showing up in my inbox from some panicked individuals. ‘IMF comments on Iraq dinar exchange rate’ It projects the average exchange rate of the dinar against the US dollar as 1300…the same as 2024. Just a reminder – A similar statement came out the week before and the day of the Kuwait revaluation.
I was told from connected folks sitting out west that the platform has been set, they are testing this morning …and they have great hopes of moving forward. That’s what I heard from some group leaders…We do know they upgraded banks all over the world – including the US. Regional banks, local banks and many government institutions were upgraded over the weekend…I think we may have a lot to watch today. Hoping for updates from bonds, banks and groups over the next few days… There were a lot of bank personnel that worked over the weekend…
In Iraq: ’Baghdad to host a high level Kurdish meeting tonight to discuss the region’s salary file’
That was last night. We know they brought in all the heavy hitters…but what we don’t know is ‘what were the results’ They are hopeful for this week.
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Frank26 (KTFA)
The ISO 20022 is going to allow the Iraqi dinar to play fairly globally with their currency because this is what our president is asking...This was a line item with the IMF and the World Bank on their economic reform to up their global standards…They set up [July] 14th a long time ago.
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MilitiaMan[Today] is going to be a big day. You have the Fed now [Today] and you have the court case with…the Finance Minister and Sudani in the Federal Supreme Court, the FSC.
Article quote:
‘…The policies of the United States Federal Reserve still casts a shadow over market activity and could lead to potential changes towards an increase in the exchange rate in the future. Any external escalation or sudden challenges or change in global monetary policies could quickly reflect in the financial markets in Iraq’
This is true to me what they’re saying, an exchange rate could happen in a moment’s notice. It should not be surprising whatsoever…A revaluation is in the wind…
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Clare (KTFA)
Article:
‘The Central Bank of Syria ‘ignores’ the Iraqi dinar from its exchange rate bulletin.’
Quote:
‘According to a document monitored by Baghdad Today, ‘The exchange rate of the Syrian pound against foreign currencies, according to the official bulletin of the Central Bank of Syria issued this morning, is devoid of the Iraqi dinar.’Walkingstick (KTFA)
Question:
‘They Syrian Central Bank has posed Middle Eastern exchange rates but they did not post the Iraqi dinar today. I believe they know a change is coming. What do you think sir.’
That’s exactly right…Meaning not posted until a new rate is released by the CBI. The CBI makes the call if and when they want their currency listed for buy, sell or trade.
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Pimpy
There’s been a lot of talk about the tariffs and the fact that Iraq has 30% tariffs slapped on it. What does that mean for the Iraq economy. What does that means for the Iraqi dinar. …It doesn’t mean a whole bunch…the primary import from Iraq to the United States is petroleum. That happens to be magically exempt from any tariffs…Seems to me Iraq doesn’t really have a lot of concerns when it comes to the tariffs being slapped on them from the United States.
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Fnu Lnu
According to the new financial report from Iraq, compiled by the IMF, Iraq has a REER of 1300 and there will be no change in the exchange rate for the next two years.The stats are not good. The happy talk in the periodicals is just to placate the citizenry who will become reactional when they perceive they are being mislead or used. The numbers are hard proof of what is really happening.Sandy IngramIraq is not sweating the new 30% US tariffs because their main export, oil, isn’t affected. It’s like they got a get out of jail free card for their $4.5 billion annual oil trade…
Source : dinarchronicles
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