"RV UPDATE" BY CLARE, 12 APRIL

 Clare  

 Article "Disclosure of Iraq's creditors internally and externally"  Quote "On April 8, the Iraqi government announced a reduction in external public debt by more than 50%, bringing the debt down from $19.729 billion late. in 2022, to $15.976 billion in 2023, reaching approximately $8.9 billion in the current year."

 Article: "Office of Mr. Al-Sistani: It is expected that Wednesday will be the first day of Eid Al-Fitr”  Quote:  “The office’s forecasts for the crescent times for the Hijri months indicated the possibility of seeing the crescent of Shawwal tomorrow, Tuesday, so that Wednesday will be the first day of Eid al-Fitr.”

 Clare 

Article: "Iraq will become an "alternative" to the Suez Canal"   Quote:   "Iraq will become, during the next few years, a 'center' for international trade between the East and the Middle East and the West.”

 Article:  "Iraqi economy faces threat as US closes oil revenue account"  Quote "... with the closure of the DFI [Development Fund for Iraq] account, Iraq's oil revenue is now being directed to a new account, referred to as IRAQ2.  This transition raises concerns...banking specialist Kamaran Qadir Yaqub...warns the protection previously afforded to Iraq's revenue may no longer be guaranteed."

Article:  "Al-Shammari reveals the most prominent files of Sudanese’s visit to Washington and the government’s ambition regarding the dollar"  Quote: "Al-Sudani's visit to Washington will be practical and will not be for taking pictures...The Iraqi delegation will ask the American side about the reasons for their decisions to impose sanctions on Iraqi banks... Our expectations are that the visit will be very successful..."

Clare 

 Article "Statement from Press Secretary Karine Jean-Pierre on the Visit of Prime Minister Mohammed Shia’a Al-Sudani of Iraq to the White House"  Quote "On April 15, President Joe Biden will welcome Prime Minister Mohammed Shia’a Al-Sudani of Iraq to the White House  to coordinate on common priorities and reinforce the strong bilateral partnership between the United States and Iraq."      

Article:   "Al-Sudani intends to visit Washington to lift the ban on banks prohibited from dealing in dollars "  

Quote: "The head of the Iraqi Securities Commission, Faisal Al-Haimas, announced that three Iraqi banks were sanctioned by the US Treasury, and 25 banks were banned from dealing in dollars  ; ."

 Article: "The Central Bank announces an understanding with the US Treasury to reconsider sanctions and indicates 'illegal trade' "

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-clare-19-march.html