Article: "A new statement by the Iraqi Central Governor regarding the dollar exchange rate"
Quote: "Today, Monday (October 16, 2023), the Governor of the Central Bank of Iraq,
Ali Al-Alaq, identified several factors affecting the dollar exchange rate, the most important of which is the leakage of the dollar to neighboring countries."
Article: "Sudanese Advisor: 70% of Iraq’s imports are made with BRICS countries" Quote:
"Iraq announced its desire to join the BRICS group, as there is an objective basis related to the connections of the Iraqi economy with the markets of the BRICS group itself,
as it reflects the current account of the Iraqi balance of payments with the countries of that economic group, which includes the strongest emerging markets in "The world"
Article: "Erbil: Withdrawing the dollar via ATM machines stopped by a decision of the Central Bank”
Quote: "A number of Erbil residents were surprised, on Saturday, by the stopping of the ATMs, which were designated for withdrawing US dollars, in several areas, including the “Empire” complex, which witnesses a large presence of foreign expatriates...
There are banks that still issue dollars via ATM machines, and they are subject to stopping at any time."
Sandy Ingram
Article: "35 million lost every day: Shutdown of Iraq-Turkey oil pipeline has hurt stat and oil companies"
In total Iraq lost $7 billion USD. Turkey has officially notified Iraq the oil pipeline is ready to be reopened...
Al-Nusairi calls for supporting and implementing the Central Bank’s measures in financial and banking reform
Advisor to the Iraqi Private Banks Association, Samir Al-Nusairi, called for the ministries, concerned authorities and banks to support and implement the Central Bank’s procedures to achieve financial and banking reform based on the axes of its new strategy, which relies primarily on regulating foreign trade, maintaining the general level of prices, and reducing the inflation rate, which is one of the basic goals of the policy. Cash.
Al-Nusairi indicated in an interview with Al-Eqtisad News that the percentage of external transfers on the electronic platform exceeded 95 percent of merchants’ daily transfers, and efforts are continuing to conclude agreements with countries to adopt their local currencies such as the Indian rupee, the Turkish lira, the Emirati dirham, and the euro for direct dealing instead of the US dollar. .
He stated that it is in line with the campaign to support the Iraqi dinar in internal and external transactions, the Prime Minister’s announcement of Iraq’s desire to enter the BRICS group, as approximately 70% of the total trade exchange takes place with China, India, and Brazil, in addition to the fact that 50% of Iraq’s oil exports are through the BRICS countries. This is an important step if the group accepts the joining of Iraq.
Al-Nusairi confirmed that the Central Bank’s departure from the platform method in 2024 will contribute to the fact that external transfers will be made directly between the Iraqi merchant and the exporter through the correspondent banks that will be approved and international companies that undertake pre-audit operations.
Al-Nusairi concluded his speech by saying that the challenges faced by the Central Bank and the government against the financial and banking reform strategy, and that what is spread by speculators, the corrupt, and their media and analysts, will not last long, as the battle will inevitably be decided by completing comprehensive financial and banking reform processes and stabilizing the exchange rate within the targeted limits. LINK
His advisor: Al-Sudani’s visit to Russia settled its debts to Iraq...and this is what he will raise in Washington, 17 OCT
The advisor to the Prime Minister, Subhan Al-Mullah Jiyad, announced that the visit of Muhammad Shia Al-Sudani to Russia settled its debts to Iraq - while revealing what the Prime Minister will present in Washington
Jiyad said: For the program {Free Speech} broadcast by Al-Furat satellite channel on Monday evening, it said: “The Sudanese visit to Russia resolved the issue of its debts to Iraq, which seeks to resolve the strategic agreement with America because it does not need combat forces, but rather technology, weapons and equipment.”
He added, "Al-Sudani did not address the issue of Russian armament of Iraq during his visit to Moscow, which provided rapid armament during the period of confronting the terrorist ISIS, and now he wants to invest in the oil and gas industries."
Jiyad continued, "Iraq yearns to see the second face of America, which is industrial, civilized, cultural, and economic, since its military face has become heavy and boring for the Iraqis. Al-Sudani will present this talk during his visit to Washington in accordance with the strategic agreement, in addition to opening the door to investment for American companies in Iraq."
He explained, "American loans and military aid to Iraq amount to two billion dollars. Iraq has its own sovereign decision and will not be with one axis against another axis. In light of this policy, Al-Sudani responded to the Russian president's call to meet the country's interest."
Jiyad added, "From the first moment, the Sudanese government sent great optimism to the citizens, and the ministerial platform was also optimistic, and with the approval of all political forces, this through the personality of the president, the ministerial platform, and consensus on it sent optimism and it will be strengthened in the coming days."
He stated, "The government is working on different paths despite the difficulties and the service effort team was established to avoid red tape and budget problems. There is tremendous work being achieved in terms of services, reaching areas not reached by successive governments, and packages to relieve traffic congestion. On the political level, there is great calm."
Jiyad added, "We have reaped the results of the electrical connection with Jordan and with the Gulf, which will open very soon, and the construction of large electrical stations. There is a significant reduction in corruption in institutions and departments. We have also reaped distinction in international and regional relations. The supervisory role will be further strengthened after the provincial council elections, and there are legal mechanisms to follow up on the work of the councils." ".
Regarding gas investment projects, Jiyad said, “Gas projects in Iraq will be invested beyond the life of the government, and we have the sixth licensing round in the western regions that will be announced soon. It carries promising numbers in the amount of free gas, and its level is expected to be large and high. We have sent out invitations to companies of all nationalities to invest in gas.” ".
He pointed out, "Work on implementing the development road project began in the second year of the government's life, and all external parties are enthusiastic about the project, and the internal challenge remains dependent on political forces."
In the banking sector, Jiyad explained, “There is currently something different from previous governments, which is that the current government does not take a step randomly without planning and follow-up. Today, Iraq is moving towards the localization of industries, and to advance industries, the private sector must be revived. In the 2023 budget, one trillion dinars were allocated to the Development Fund to support the sector. ” Private projects and the guarantees themselves are the guarantees given in exchange for loans. Producer and consumer protection laws exist and are important and may need to be trimmed.
Jiyad ruled out obstruction of government projects, saying, “So far, there is no obstruction of an agreed-upon government project, whether economic, commercial, or international relations, that would serve Iraq’s return to its pivotal role, and this is considered good. However, disagreements may emerge in the last year with the elections approaching, and the Sudanese who is furthest from private interests is staying away from... Governorate elections.
He noted that "the French company Total had practice and previous experience in Iraq and presented its offer, which was the most appropriate in terms of time and cost. It was quick to respond to the invitation and began implementation after signing the contract. France has good political positions towards Iraq."
Regarding the salaries of Kurdistan Region employees, Jiyad said, “The region’s parties are patriotic and close to their constituencies, and salaries were distributed to their employees. There is a claim to remove salaries from political agreements through their association with the Federal Ministry of Finance.”
Jiyad concluded by saying, "The project funds for the governorates were released this week, and the delay in releasing the funds is due to the approval of the projects. Legislating the oil and gas law is one of the government's commitments to the political document, and the positive atmosphere now is very favorable for opening this file."
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good evening to everyone….Hoping Mark has big news tonight.
Member: Please… please tell us this will be over by the end of October
Member: 14 more days of Red October.
Member: Mark, what’s your gut saying??? RV before the EOM?(end of month)
MZ: Lets start with some news then I will tell you the rumors I am hearing .
MZ:” Malaysia is actively exploring the “Gold Dinar” as a new reserve currency” This is out of Kitco News: https://www.kitco.com/news/2023-10-17/Malaysia-is-actively-exploring-the-gold-dinar-as-a-new-reserve-currency.html
MZ: The use of gold backed currency will be discussed during an upcoming meeting of Islamic Economics and Finance held in December.
MZ: The gold dinar is a medieval Islamic gold coin first issued by Caliph Abd al-Malik ibn Marwan in 696–697 CE. The weight of the traditional dinar is 1 mithqal, equal to 4.25 grams or 0.137 troy ounces. At current prices, this would peg the dinar’s value at $263.38 US
MZ: Gold is a tier 1 asset. If you tie your currency directly to gold….then you are also tier 1. Then according to our own regulations we cannot say no to this. I love this is coming from Malaysia.
MZ: “BRICS is now richer than the G7 Says Putin” This may explain why Japan leaked this week that they are pursuing membership in BRICS…So one of the G7 nations is now looking to join BRICS.
Member: Japan is not stupid.
MZ: No they are not…and the writing is on the wall with commodities ……physical commodities.
MZ: “Evergrande winds up hearing and opens bumpy path toward liquidation” They are liquidating all the assets and this is what we have been waiting for to occur…and now its in the process. This is the largest property developer in China. Others will follow. Bank runs started yesterday.…..watch this developing story this week.
MZ: From Iraq: “President Biden asks PM Al Sudani to mediate with Iran amid Israeli-Palestinian conflict” He is asking Iraq to take the forefront in crucial peace brokering and to calm things down.
MZ: Some bond and banker rumors……they have been all over the place today …saying anywhere from tomorrow until after the new war is settled. They may be throwind information out there to see who leaks it. I have a couple of bond calls this evening that I hope will give me a better feel for what is really happening. I have one really key, great bond contact I’m reaching out to as soon as this podcast wraps up. I will let you know tomorrow what I find out.
MZ: Usually when rumors go kuku-crazy like this it means something is about to happen so I think this is a good thing.
Member: Thanks Mark for all you encouragement…….
Member: Your watching amazing progress happening...more than ever...hang in there...Our Worldwide RAINBOW is AHEAD
Member: Special thanks as well to the mods here…. You all are awesome!!
“THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IS IN MARKZ’S OPINION ONLY
Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.
GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home
Integrity confirms that “major achievements” have been made in the fight against corruption within a year of the formation of the government, 17 OCT
The head of the Integrity Commission, Haider Hanoun, emphasized the importance of international cooperation and the signing of memorandums of understanding between countries to fight corruption. He also highlighted the role of such cooperation in recovering smuggled funds and convicts. He noted that the government had made significant progress in combating corruption within a year of its formation, and that this progress was due to the government’s determination to fight corruption.
The Commission of Integrity released a statement regarding a meeting between Judge Haider Hanoun and the Egyptian Minister of Justice Counselor Omar Marwan. The meeting took place at the commission’s headquarters and was also attended by the vice president of the commission and its general directors. During the meeting, Judge Hanoun emphasized the importance of the memorandums of understanding that the commission has signed with counterpart agencies in Arab countries, particularly with the Illicit Gains Agency affiliated with the Egyptian Ministry of Justice. He stressed the significance of communication and cooperation between the Prevention Department of the Federal Integrity Commission and the Illicit Gains Agency in preventing and fighting corruption, as well as in tracking down and recovering illicit gains.
The head of the authority has praised the combined efforts of three authorities along with national regulatory bodies, particularly the Federal Integrity Commission, in the fight against corruption. He highlighted significant achievements made in this regard, a year after the formation of the government and the implementation of its programme. He explained that these efforts led to the capture of high-ranking officials, and the revelation of inflation and unjust gains. The investigation uncovered a project that was funded by some taxpayers, and tens of billions were returned to the state treasury as a result.
The Egyptian Minister of Justice, Counselor Omar Marwan, praised the Iraqi Integrity Commission’s cooperation with state agencies in the fight against corruption. He emphasized that combatting corruption is crucial for development and prosperity. The Minister also pointed out that automating the procedures of state departments leads to better governance and faster procedures. He added that qualified employees who receive adequate training and are placed in appropriate positions will result in increased level and quality of performance.
During the meeting, the two parties discussed various issues related to preventing and combating corruption, and agreed to continue communication between the regulatory agencies of the two countries. The Egyptian Minister of Justice expressed his ministry’s willingness to cooperate with the Authority in order to overcome any obstacles related to recovering accused and convicts. The statement also mentioned their shared commitment to this cause.
Iraqi Prime Minister discuss the Gaza situation with Arab League Secretary-General, 17 OCT
Shafaq News/ Iraqi Prime Minister Mohammad Shia al-Sudani held talks on Wednesday with the Secretary-General of the Arab League, Ahmed Aboul Gheit, on the situation in Gazza, which has been under heavy Israeli fires for more than a week following a large-scale operation by Hamas, a press release by his bureau said.
During the meeting, the Prime Minister reiterated Iraq's unwavering stance on the Palestinian people's right to establish an independent state on their national soil. He emphasized the importance of safeguarding the sanctities in Palestinian territories from attempts to erase their historical identity and the land-seizure and settlement campaigns conducted by the Israeli authorities.
Prime Minister al-Sudani praised the resilience of civilians in the besieged Gaza Strip and all humanitarian relief efforts initiated by Arab brothers and friends. He also called on the international community to take serious and responsible steps to avert a humanitarian catastrophe that could leave a lasting impact on the presence and identity of the Palestinian people in their occupied homeland.
President Biden asks PM al-Sudani to mediate with Iran amid Israeli-Palestinian conflict
Shafaq News/ A government source on Tuesday revealed that U.S. President Joe Biden asked the Iraqi Prime Minister Mohammad Shia al-Sudani to play a mediation role with Iran in order to contain any potential expansion of the conflict currently ongoing for ten days between Israel and Hamas.
The source informed Shafaq News that Biden acknowledged the official role of Baghdad in de-escalating the current crisis and spoke about the potential for a mediation role, especially with Iran, to achieve de-escalation.
The source added that al-Sudani expressed his belief in the necessity of containment and non-escalation, coupled with a ceasefire and the creation of humanitarian corridors to aid the residents of Gaza.
Earlier in the day, the White House stated that U.S. President Joe Biden had spoken with Iraqi premier as part of his efforts to contain the conflict between Israel and the Palestinians.
Subsequently, the media office of Prime Minister al-Sudani released a statement confirming that he received a phone call from President Joe Biden. During the call, they discussed the current developments taking place in Palestinian territories and emphasized the importance of rallying efforts and working together to support sustainable stability in the region, in addition to efforts aimed at enhancing the bilateral partnership between Iraq and the United States of America, in accordance with the Strategic Framework Agreement between the two countries.
This is the CBI Article Quote: "The expectations of the Central Bank and specialist is that the exchange rate will return to a stable state but it requires time which we hope will not be long."
Man I have read so many good things my mouth feels like sugar! I feel like I have candy in my mouth, sugar cookies. This is from the CBI. This is them talking about the the exchange rate. They tell you don't believe the bull KaKa from those other guys...
Question: "Does this [Auctions changing/no USD withdrawals in January] mean it will revalue after the 1st of the year ?"
First of all it's not a revalue...I have said it over a billion times this is an RI, reinstatement ...So what if you have to wait until January? What is the problem?
Article: "Erbil: Withdrawing the dollar via ATM machines stopped by a decision of the Central Bank"
[Boots on the ground update]
SUPERGIRL'S REPORT [From last week]
Quote "We are committed to the Central Bank’s decision issued 3 months ago, which prevents banks from granting dollars via ATM machines, and we have observed a commitment from other banks."
The Most Important Of Which Is The Leakage Of The Dollar.. Al-Alaq Identifies Many Factors That Caused The Exchange Rate To Rise
Economy | 10:59 - 10/16/2023 Mawazine News – Baghdad Central Bank Governor Ali Al-Alaq identified, today, Monday, several factors that led to a rise in the exchange rate of the dollar against the dinar in the local market, including smuggling abroad.
The media office of the Ministerial Council for the Economy stated in a statement received by Mawazine News, that “Deputy Prime Minister and Minister of Foreign Affairs Fouad Hussein chaired today, Monday, the thirty-first session of the Ministerial Council for the Economy, in the presence of the Deputy Prime Minister, the Minister of Planning, the Ministers of Finance, Labor, and Social Affairs, the Secretary-General of the Council of Ministers, and the Governor The Central Bank, the Undersecretary of the Ministry of Oil, the Vice President of the National Investment Authority, the Chairman of the Securities Commission, and the Prime Minister’s advisors for economic and legal affairs.”
He added, “The Council hosted the Chairman of the Finance Committee in the Iraqi House of Representatives and a number of members of the Committee to discuss the dollar exchange rates in Iraqi markets,” pointing out that the Governor of the Central Bank provided a detailed explanation of the tasks and objectives of the Central Bank and monetary policy in Iraq. “The Governor of the Central Bank
explained According to the statement, “The exchange rate depends primarily on imports and not on local production, and that the exchange rate in Iraq has peculiarities due to its connection to the price of oil as it is the largest source of providing hard currency,” noting that “many factors affect the exchange rate, the most important of which is the leakage of the dollar to coun
tries.” Neighborhood and internal dealing in local markets in a currency other than the national currency, as well as the lack of complete control over the ports and smuggling.”
He added that “the level of inflation has decreased significantly and that the goods that enter officially are witnessing price stability because imports are covered by the official price.”, stressing “the opening of a special hall for private banks.” To sell dollars to travelers at Baghdad International Airport, and we raised the interest rate for amounts deposited in banks to 7.5 percent to encourage citizens to deposit their amounts in banks and to withdraw the cash mass from the banks.”
The statement continued, "After objective and serious discussions, the Deputy Prime Minister and Minister of Foreign Affairs indicated that the Council will study in detail this important issue and will follow up on the localization of salaries for all workers in the government sector and then the mixed sector until the private sector. We will study increasing the interest rate on deposits, adding that we are looking forward to building basic tools." "Future helps the Central Bank and the Ministry of Finance to assume their role in a way that suits the nature of their work."
He pointed out that "the council decided to proceed with the establishment of a project to demolish and build Ibn Sina Specialized Hospital with a capacity of 600 beds in Nineveh Governorate to serve the people of that dear governorate." https://www.mawazin.net/Details.aspx?jimare=236466
...WE WON'T KNOW WHAT THE RATES WILL BE UNTIL THE DAY WE EXCHANGE..
.MOST RECENT ANTICIPATED OPENING RATES AS PER RAY [Guru RayRen98] DONG .47... DINAR 3.81...
RayRen98
.. .I DO "BELIEVE" THAT IT HAS BEGUN!! RATES DID CHANGE IN IRAQ LAST WEEK...MAYBE AGAIN OVER THE WEEKEND?
WAITING TO HEAR FROM SOME FOLKS WHO WERE EXCITED LAST NIGHT AND WERE LOOKING TO SEE SOMETHING (BEHIND THE SCENES) THROUGHOUT THE NIGHT...TIME WILL TELL
Al-Kadhimi: The decision to increase the interest rate will activate the banking system inside Iraq, 17 OCT
On Tuesday, the Parliamentary Finance Committee approved the Central Bank of Iraq’s decision to increase interest rates for bank depositors, as it will help revitalize and organize the banking system.
According to Moeen Al-Kadhimi, a member of the Finance Committee, the Central Bank’s decision to increase the interest rate is part of Iraq’s banking reform measures. This is in line with Prime Minister Muhammad Shia’a Al-Sudani’s directive to organize and revitalize the country’s banking system.
“The interest rate increase will motivate citizens to deposit their money in banks. This will boost financial activity and lead to investment in various projects. Additionally, it will positively impact reducing the exchange rate of the US dollar against the Iraqi dinar,” he said.
Al-Kadhimi stated that the Central Bank of Iraq is moving towards full automation of financial transactions within Iraq.
During the 31st session of the Ministerial Council for the Economy held yesterday on Monday, the Governor of the Central Bank of Iraq, Ali Al-Alaq, announced an increase in the interest rate for amounts deposited in banks to 7.5%. This move is aimed at encouraging citizens to deposit their money in banks rather than keeping it outside the banking system as cash.
The oil and gas law will be postponed to the next legislative year.. Representative: We need 6 months, 17 OCT
The Committee for Oil, Gas, and Natural Resources has announced that it needs six more months to create a draft oil and gas law that will be agreeable to all parties involved. The committee also mentioned that the Kurdistan Regional Government has presented a vision for the Oil and Gas Law to the Ministry of Oil. This announcement was made on Tuesday, October 17th, 2023.
According to Representative Ali Shaddad, who heads the Legislation Committee in the Oil, Gas and Natural Resources Committee, this committee is a vital subcommittee within the parliamentary oil and gas committee. Its main focus is on legislation and laws related to the oil and gas sector. In an interview with Al-Sumaria News, he emphasized the importance of the committee’s role in shaping the legal framework for this critical industry.
In today’s meeting, the Oil Ministry hosted the Director General of the Legal Department and a group of jurists to discuss amendments to the laws in the oil sector. Seven laws related to the oil and gas sector were discussed, with a major focus on the National Oil Company Law. Shaddad, who was present at the meeting, explained that some provisions of the law had been canceled, leading many to believe that the law had been repealed, but the formation of the National Oil Company had only been stopped. To revive the law, a set of amendments is required, which is in line with the directives of the federal government to the Oil Ministry.
During a recent interview, Shaddad, an official from the Iraqi Oil Ministry, spoke about the importance of the oil and gas law in the country. He highlighted that a total of 6 meetings have taken place, with 3 of them being with the committee formed by the regional government, and the other 3 with the governors and representatives of the oil-producing governorates. The ministry has developed a preliminary draft that incorporates ideas from both the Kurdish side and the oil-producing provinces. However, repeated meetings will be required to reach a common vision on the oil and gas law. Shaddad also mentioned that council elections may cause a delay in progress for the next two months.
During a recent meeting, it was discussed that it would take about 6 months to create a draft of an oil and gas law that all parties can agree on for the Iraqi provinces. The regional government committee presented their own vision of the law to the Oil Ministry, which includes the specific texts and standards they would like to see included.
According to his statement, the project’s first reading is expected to take place during the third legislative year. The Oil Ministry has been urged to reach a unified vision and draft. The speaker emphasized that only one draft will be accepted. He also acknowledged that there could be fatigue and anger among some parties, but stressed that Iraq needs this law.
During the committee meeting, he emphasized the importance of some of the new projects under discussion, including the draft carbon footprint law and the draft oil-agricultural coexistence law. He also mentioned that a representative from some companies in the oil and gas sector will be included in the Legislation Committee of the Parliamentary Oil and Gas Committee.
The Parliamentary Oil and Gas Committee met with its subcommittee to address legal amendments, including the Oil and Gas Law and the National Oil Company Law, according to Al-Sumaria’s correspondent.
Bueno, amigos nuevamente, hay muchos movimientos positivos en la dirección que deseamos,
pero hasta el momento no se han proporcionado avisos; sin embargo, mantengan la fe al considerar el estado de la economÃa mundial y las tensiones en el Medio Oriente, el RV serÃa una bendición para todos.
Texas Snake.
-----
TRANSLATION IN ENGLISH:
Well, friends again, there is a lot of positive movement in the direction we want,
but so far no warnings have been provided; However, keep the faith when considering the state of the world economy and tensions in the Middle East, the RV would be a blessing to all.
Stability in Baghdad's dollar exchange rates, increase in Erbil, 17 OCT
Shafaq News / The exchange rates of the US dollar remained stable in Baghdad today, Tuesday, while they increased in Erbil, the capital of the Kurdistan Region, at closing.
According to Shafaq News Agency’s correspondent, the dollar's exchange rates in Baghdad remained stable at 158,800 IQD for every $100, the same rates that were recorded earlier in the day.
Our correspondent noted that the selling prices at currency exchange shops in local markets in Baghdad remained unchanged, with the selling price at 159,750 IQD for every $100 and the buying price at 157,750 IQD for every $100.
.
In Erbil, however, the dollar saw an increase, with the selling price reaching 159,400 IQD for every $100 and the buying price at 159,300 IQD for every $100.
The saga about the Iraqi dinar RV only gets better as the months roll on. More and more pieces are put in place for the inevitable revaluation and reinstatemtn of the dinar. It has become not a matter of “if” these events will occur but “when”. We can all speculate but what events are you using in your analysis to formulation your speculative conclusions? What are you telling your audiences? Are you even qualified enough to partake in this effort?
So, how long will we investors in the IQD have to wait before Iraq is allowed to liberate its own currency?
We know they are completely out of Chapter VII sanctions, so why not treat them as such?
We know since January they have undertaken a massive “de-dollarization” program.
We know the value in the dinar exceeds even pre-1991 era but what is holding it back?
We know Iraq now pumps 2/3 more oil than in pre-1991 era.
Iraq also has announced 132 tons of GOLD.
We know for a FACT that it is the U.S. through the Treasury Dept. direction that will NOT give sign-off to allow the reinstatement. Why?
So, I have to ask then – Why is the dinar still 1/6 of a penny?
During this period of collecting information for this edition of the Mnt Goat Newsletter we have learned that the global system for the automation and modernization of customs (ACYCUDA) project is making headway. This system will require a link to the international currency exchange to convert rates of currencies between countries for up-to-the-minute rates. The system is planned to take in any international currency not just the US dollar for payments of customs duties and tariffs. With this is a huge plan to make Iraq a central hub for commerce in the middle east and this revenue, as they told us, could rival the oil revenue. This new ACYCUDA system is due to come online when? – Okay, so does January 2024 sound familiar? Are you connecting the dots yet?
Just be patient, the reinstatement is coming.
PS: Be sure to tune into the POLITICAL section of today’s Newsletter. It is chock full of news about the unprovoked, covert Amas terror attack on Israel on October 7 and the implications it is having on the U.S. woke democratic party that seems to side with the Palestinian terrorists. Really? Folks, you can’t make this stuff up!
Is Iraq able to join the BRICS group?.. A serious warning about Washington’s reaction
The Iraqi economic expert, Omar Al-Halbousi, confirmed today, Monday (October 16, 2023), that Iraq’s accession to the BRICS group may face many obstacles as a result of the economic and monetary crises that the country is experiencing.
BRICS includes Brazil, Russia, India, China and South Africa, and at a summit in Johannesburg last August, a decision was announced to invite Argentina, Egypt, Iran, Ethiopia, the Emirates and Saudi Arabia to become full members of the organization, starting on January 1, 2024.
Al-Halbousi added, in a press statement followed by “Baghdad Today,” that there are many obstacles standing in the country’s way to join the BRICS, which is Iraq’s lack of an industrial base and the lack of agriculture, which made the economy collapse significantly, amid the confusion of government measures that caused the economic and monetary crises to worsen in the country. Iraq.
He continued: "Iraq cannot join the BRICS group because of Washington's control over it, especially since Iraqi oil imports are placed in Iraq's account in Washington, which makes Iraq exposed to a financial setback if Washington lifts protection over Iraqi funds."
The economic expert pointed out that the United States of America has a lot of evidence of the Iraqi government’s negligence in the continuation of money laundering, terrorist financing, and dollar smuggling operations for the benefit of countries and armed groups punished by the American Treasury. In the event that Iraq joins BRICS, Washington will take a significant package of sanctions, and I do not rule it out. Approval of a law that reduces or restricts the income of the dollar to Iraq, causing a major financial collapse, especially since Iraq has a rentier economy that depends on oil and that oil imports are in America.
Al-Halbousi explained that the United States will not allow Iraq to leave its circle of control and go towards its competing party, and Washington has great pressure cards on Iraq militarily, politically and economically, which makes the statements of Iraqi officials about joining the BRICS group suicidal at all levels for Iraq, and at the same time it cannot Its implementation is due to American obstacles.
In a previous statement, the Iraqi economic expert, Safwan Qusay, spoke, saying: “Iraq is trying to be in the region of economic balance by attracting investments from countries of the East or West, and Russia is a giant industrial country, and Iraq’s openness to the Russian system can be exploited by attracting investments in the agricultural sector, livestock and the agricultural sector.” “Transportation, especially if we manage the investment file in the iron and steel sector to create complementary industries at the level of trains and ships.”
He added: "Iraq is looking forward to exploiting its geographical location and it needs to establish an industrial zone for strategic industries that complement the path of development and the presence of economic powers such as Russia that can contribute to these sectors. I believe that establishing a nuclear reactor to generate electrical energy will support the process of establishing this industrial city and that we will have diversity in Investment sources.
He pointed out that Iraq is looking forward to increasing the capacity of financial transactions with the Russian side outside the “SWIFT” system, so that it can have trade with the East through this system, and this reduces the pressure on financial bottlenecks in some cases.
Regarding the possibility of Iraq joining BRICS in the future and its impact on the region, Qusay said: “The BRICS project is promising, and the organization has a set of conditions for it to join, and I believe that Iraq needs to rehabilitate the economic goals and financial tools in order to be allowed to join the group,” explaining that Iraq is not with An area of attraction alone, but he must build a sectoral investment map so that there is competition in every sector. I believe that the advantage of the corresponding economy is what will determine preference. For example, integration with the Russian economy at the level of agriculture, iron and steel industries, and nuclear energy could be This is the path." link
FIREFLY: News saying within 2 months the dollar exchange rate will stabilize.
FRANK26: Remember they're talking about November and December to get it done by January 1st. That's the time period I believe we're going to see a change because that's what they tell the Iraqi citizens...In order to stabilize the dollar exchange rate you're going to increase the value of the Iraqi dinar.
Article: "Erbil: Withdrawing the dollar via ATM machines stopped by a decision of the Central Bank"
[Boots on the ground update]
SUPERGIRL'S REPORT [From last week] Quote "We are committed to the Central Bank’s decision issued 3 months ago, which prevents banks from granting dollars via ATM machines, and we have observed a commitment from other banks."
FIREFLY: News saying within 2 months the dollar exchange rate will stabilize.
FRANK: Inside the next 2 months it's highly possible we'll see a new exchange rate.That's the only thing that can stabilize it because a program rate unstabilizes it. This is as simple as I can put it. I'm not exaggerating. I'm not adding to it. This is for real.