Intel Guru MarkZ
[via PDK] According to recent reports, it seems that the next couple of days, starting from tomorrow, are being targeted by many people. The news has been positive with great reports coming in from Iraq. There are high expectations that the dinar will be traded openly and freely worldwide over the next few days. Iraq has completed a lot of work and now it’s time for them to take action.
Newshound Guru Militia Man
It’s been tested, but has the Swift System been implemented with the Iraqi dinar at 1310? The answer is no, it hasn’t been implemented yet. Despite any Forex sites that may display quotes, they are not openly trading globally at 1310. When it does happen, it will create a level playing field.
Intel Guru Frank26
“Is it true that the dinar will remain floating after the RI?” Yes, that’s correct. The dinar will continue to float as part of the process...After the Iraqi dinar is reinstated internally, it will then float externally in all markets.
Newshound Guru Pimpy
This is really significant. Quote: The recent developments in Iraq are a significant step towards its economic growth and integration into the global market. Although it is unclear whether all the sanctions have been lifted, some restrictions have been removed. This will allow Iraq to import a diverse range of products from all over the world. It seems that Iraq is taking off its training wheels and is about to reintegrate into the international community. This will have a positive impact on its economy and will gradually increase the value of the Iraqi dinar. All in all, this is great news for the people of Iraq and a reason to be optimistic. [Post 2 of 2]
Newshound/Intel Guru Walkingstick
Many countries are eager to invest in Iraq and bring in their own currency. However, any foreign currency brought into Iraq will need to be converted into Iraqi dinar. This will increase the demand for Iraqi dinar on the market, leading to a significant increase in its value.
Newshound Guru Militia Man
The budget for the years 2023, 2024, and 2025 is an investment budget. However, the money has not been dispersed yet. The question is, what is required for the disbursement? What does the HCL need, and what salaries are necessary to provide the money for them to obtain these things? The answer is an exchange rate, which is why the disbursement has not yet been made.
Intel Guru Frank26
Purchasing power in Iraq has reduced, resulting in an inadequate value for money when buying items.
Newshound Guru Pimpy
There’s some great news out of Iraq! According to an article, the central bank has granted Iraqi banks permission to import foreign currency. While everyone is talking about how good this news is, not everyone is explaining why. The reason this development is significant is that it will help Iraq to strengthen its economy and currency, the dinar. In short, this is a big deal. Iraq can now import foreign exchanges, which is a huge step forward. [Post 1 of 2….stay tuned]
Intel Guru MarkZ
[via PDK] I have been informed by almost all of my contacts that Friday night through Sunday morning is crucial time period. The reason behind it is that Iraq is expected to join the World Trade Organization on Friday and they have a fully international currency. This implies that a lot needs to happen within the next 24 to 36 hours. We will keep a close eye on it.
Newshound Guru Samson
Article:Is the Iraq Central Bank’s decision to allow foreign currency import leading to the eradication of the black market?
Intel Guru Frank26
[Iraq boots-on-the-ground report] FIREFLY: Foreign countries and currencies can now be traded in Iraqi banks, according to television reports about the Central Bank of Iraq.
Intel Guru MarkZ
[Guru] Nader stated that the Iraqi dinar (IQD) will be going international in a couple of days. MarkZ confirmed this news, stating that he has heard the same from his Iraqi sources.
Guru Nader From The Mid East
Article quote: The Central Bank of Iraq has announced that it will now allow the import of foreign currency into Iraq from other countries. This means that we will start receiving international money transfers soon and will be able to operate on the Forex market. Get ready to cash out!t soon..