Dinarland Highlights for October 22, 2024

Dinarland Highlights – 10.22.24 Mountain GoatArticle:“IRAQ INCREASES RESERVES AT IMF BY 50%“Quotes:“A meeting of the Iraqi Cabinet this evening approved an increase in Iraq’s quota at the International Monetary Fund (IMF) by 831.9 million Special Drawing Rights (SDR), equivalent to 1.45 trillion Iraqi dinars [$1.1 billion] based on the exchange rate as of October 8, 2024.”;“SDRs represent a weighted basket of major international currencies, and can be held as part of a country’s foreign exchange reserves.  Adding SDRs to a country’s international reserves makes it more resilient financially.“Iraq could not be granted SDRs unless it was member of the IMF.  Did…