Intel Guru Frank26
The enthusiasm surrounding the current developments is no longer concealed; it is being widely promoted, disseminated, and discussed globally, from New York to the United States Treasury and back to Iraq. The entire Middle East is in a state of anticipation. Everyone is aware of the situation, and there is a palpable excitement as they recognize its potential impact on their circumstances as well.
Newshound Guru Samson
Article: “Treasury praises growth of non-oil economy in Iraq“
Intel Guru MarkZ
The objective of the census is to facilitate development and economic planning, with Kirkuk being the second region to finalize the enumeration and inventory process. A comprehensive census is scheduled for November to determine the allocation of financial resources. It is anticipated that this will take place immediately following the conclusion of the Hydrocarbon Law (HCL), allowing the government to distribute the newly acquired funds. I was advised to anticipate a census, and it is now finally being implemented.
Newshound Guru Clare
A specialist outlines the advantages and disadvantages of eliminating zeros from the Iraqi currency. According to Al-Mawsumi, the act of removing zeros involves substituting the old currency with a new one to streamline the accounting process for consumers. This measure is frequently adopted by nations experiencing significant inflation, which renders them incapable of managing paper currencies with extremely low value. He further emphasizes that the removal of zeros represents a superficial alteration in the currency’s value and does not affect its purchasing power.
Newshound Guru Militia Man
Article: “US Support for Iraq’s Reform Initiatives: Non-Oil GDP Indicators Surpass Population Growth Rate by More Than Double”
The emphasis on Iraq’s capacity to reform its banking and financial sectors, alongside various other non-oil sectors, is unmistakable. There has been considerable attention directed towards the 6% growth rate in revenues. Additionally, the importance of international financial connectivity has been highlighted. Therefore, the seriousness of their commitment to these issues is evident.
Newshound Guru Jeff
Iraq is limited to adjusting the rate by one or two points during the year, either at the beginning or in the middle, as stated by Shabibi. Should Iraq intend to revalue at any of these times, one would observe an escalation in their preparations and actions leading up to the revaluation. In September, such preparations have indeed taken place, with a notable increase in their efforts to finalize essential laws and implement critical measures. They have significantly intensified their activities.
Intel Guru Frank26
Iraq boots-on-the-ground report
FIREFLY:
Today’s meeting with the United States Treasury and Sudani was productive. It appears that the sanctions may soon be lifted.
FRANK:
They are informing the Iraqi populace about their achievements at the United Nations in collaboration with the US Treasury; however, this information is outdated. It represents a bygone era. What is currently being presented is merely procedural. I look forward to Sudani’s return and his discussions with the Iraqi citizens.
Intel Guru MarkZ
Member Inquiry: …In your opinion, will the value of VND exceed $0.47? Most speculation suggests that the rate may be in the range of $2.25 to $3; however, we cannot confirm this with certainty.
Newshound Guru Samson
The Federal Reserve mandates that the Central Bank of Iraq cease operations on the platform, liquidate certain banks, and consolidate others.
Newshound Guru Clare
Al-Sudani wrapped up his visit to New York with a meeting with Guterres, who commended the dialogues aimed at concluding UNAMI’s operations in Iraq.
Intel Guru Frank26
Iraq boots-on-the-ground report
FIREFLY:
There are numerous news articles and reports indicating that a significant change to our currency is approaching. The discussion included the potential removal of zeros from the currency, highlighting both the positive and negative implications of such a move. Furthermore, it was asserted that our dinar would surpass the strength of the Jordanian dinar.
Intel Guru MarkZ
Iraq is considering a currency redenomination in response to ongoing economic challenges. Discussions regarding the removal of zeros from the currency are becoming increasingly frequent. This approach mirrors the terminology previously employed by Kuwait in similar circumstances.
Newshound/Intel Guru Mnt Goat
Article: “IRAQ INTENDS TO REDENOMINATE CURRENCY IN RESPONSE TO ECONOMIC CHALLENGES” …this is not merely another piece regarding the initiative to remove zeros; it encompasses significantly more. I am confident that this project will progress this autumn, although I have been informed that it will not occur until after the US elections.
