Thursday, January 18, 2024
A parliamentary committee reveals the fate of the oil and gas law.. Will it be deported again?, 19 JAN
A parliamentary committee reveals the fate of the oil and gas law.. Will it be deported again?
Information/private..
Today, Thursday, the Oil, Gas and Natural Resources Committee revealed the fate of the Oil and Gas Law, while it was likely that the law would be transferred to the next parliamentary session.
Committee member, Zainab Al-Moussawi, said in an interview with the “Al-Ma’louma” agency, “There are no developments regarding the oil and gas law at the present time. The political situation affected the selection of a new president for the Iraqi Council of Representatives.”
She pointed out, “The repeated violations of the American forces in Iraq take up part of Parliament’s work, as it supports the government in removing its forces from the country,” adding, “It is expected that the chapters of dialogues between Baghdad and Erbil regarding the law will begin again after the selection of the Speaker of the Council.”
The oil parliamentary member explained, “If the Kurdish dispute continues over some points of the law, I expect it to go to the next parliamentary session.”
Earlier, former member of the Oil and Energy Committee, Ghaleb Muhammad Ali, confirmed on Wednesday that there were political problems and differences between Baghdad and Erbil regarding the oil and gas law.
The political analyst, Sabah Al-Ukaili, had previously seen that the Kurdistan region continues to pose obstacles to the approval of the oil and gas law, while he stressed that the adoption of the law will prevent all disputes in the oil provinces, especially the Kurdistan region.
The Kurdish parties continue to obstruct the government in approving the oil and gas law, which voting on within the corridors of Parliament has become a must, in order to end the violations and thefts carried out by the Kurdistan Regional Government in the oil smuggling file.
almaalomah.me
"RV UPDATE" BY FRANK26, 19 JAN
Frank26
What did we say they were going to do on the 15th?
Go international.
Do you think they did?
Yeah. It's not for me to prove it to you, it's for them to show it to you. But let them show it to the citizens first.
Beside Sudani and Alaq, the only two we listen to, I want you to add Barzani. As time goes by you'll understand why.
Barzani is working very nicely with Sudani, Baghdad, the GOI...We're adding Barzani to the group. Sudani and Alaq are explaing the monetary reward to the Iraqi citizens, so is Barzani.
Notice articles this week are focusing on the monetary reform education, which is about the currency, lower denoms, new exchange rate, accounting, banking reform, everything. It's all being unloaded onto the citizens of Iraq...Let's be fair, they're just getting started. Let's see what happens this quarter...
8 countries deal a strong blow to the dollar, 19 JAN
8 countries deal a strong blow to the dollar
Information/follow up..
Egyptian media reported a major shift by countries including Russia, China, India, Brazil, Iran, Indonesia, Egypt and Turkey towards abandoning the dollar.
According to the “Sada El Balad” website, the Egyptian state is reducing its dependence on the US dollar as a major currency for imports and exchanging local currencies with international trading partners, such as Russia, China, India and Turkey.
According to the latest statistics from the Chinese Embassy on the volume of investments between Egypt and China, the volume of Chinese investments in Egypt has increased from 500 million dollars to 1.5 billion dollars, with the increase rate exceeding 100% over the past ten years. The volume of trade exchange between China and Egypt has also increased from 10. Billions to $20 billion in the same period.
In this regard, economic expert Ahmed Moati said that the world became aware of the existence of a crisis because of the United States of America and because of the dollar, so it abandoned it in trade exchange between countries.
Moati pointed out in statements to the “Sada El Balad” website that there have been attempts led by Russia and China for some time to drop the role of the US dollar in global trade, and the reason is due to the two countries’ desire to weaken the United States’ hegemony in the world.
He continued: In the coming period, we will see countries relying on other currencies instead of the US dollar.
He explained that what is happening in terms of countries joining forces side by side constitutes a concern for the dollar, especially if the BRICS countries agree to such bilateral agreements regarding intra-regional trade.
It is worth noting that the BRICS group began abandoning the dollar in global trade transactions.
Many countries have moved to break the dominance of the American currency over global commercial transactions. There are international agreements between many countries to start trade exchange in the local currencies of those countries, as China and Brazil agreed to exchange their local currencies instead of using the dollar, and the volume of trade exchange between the two countries amounts to 150 billion dollars. .
Also, 90 percent of the trade exchange between Russia and China is conducted in rubles and yuan, amounting to more than 260 billion dollars, in addition to an agreement with a number of their trading partners around the world to exchange trade in the local currencies of these countries.
Russia and Iran also agreed to develop a cryptocurrency backed by gold as an alternative to the dollar, in addition to another agreement between Russia and India to abandon the dollar in intra-regional trade, not to mention that the Russian ruble has become the main currency within the countries of the Commonwealth of Independent States.
almaalomah.me
"RV UPDATE" BY PIMPY, 19 JAN
Pimpy
I've had people say can you make an argument for the $3.22 rate? Yep. Can you make an argument for the $1.17 rate. Yep I can. I can make an argument for all these different rates easily but there's a difference between making an argument for what you want versus the reality of things of what's going to happen.
This was a concern, Iraq was definitely on the right track but it appears that at no fault of their own their country is being bombed by two different nations [Iran and Turkey]. Let's just hope whatever is going on it gets over with quickly so that Iraq can get back on track...
If I'm being honest I'm expecting a small increase in the exchange rate in this budget. I told you in the first quarter of this year I was expecting it. But the last thing you need is all these headaches with bombings in Iraq and all the crap that's going on all the way around them...
"ANALYSIS OF IRAQ NEWS" BY MARKZ & MILITIAMAN, 19 JAN
Militia Man & MarkZ
[via PDK] Militia Man: Last July Al Alaq said the “Drop the 3 zero” project still exists. Not a lop…. They are going to add value to the dinar and adjust the exchange rate... A good thing is Sudani keeps warning the citizens that the dinar is going to be stronger then the dollar…he said it more than once.
MarkZ: Iraq is positioned well for the world wide economy...
Militia Man: Iraq is going to be a very wealthy country.
Article: “Iraq recalls ambassador from Iran after missile strikes-Ministry”
MarkZ: This is concerning while we watch what is going on in the middle east. There were missile strikes launched from Iran to the Kurdish region of Iraq.
Question: Do you think the attacks on our embassy…in Erbil, Kurdistan will hinder/delay the RV?
MarkZ: To me this doesn’t change what’s going on economically…and if anything may put the pressure on to move things faster.
Militia Man: Iran is in a pinch…their cash cow is going away. Stopping the graft at the Iraq border will stop their ability to do the money laundering and smuggling through customs. So, imo this attack is blow back….
Al-Sudani: We are facing a new Iraq economically, 18 JAN
Al-Sudani: We are facing a new Iraq economically
Shafaq News/ Prime Minister Muhammad Shiaa Al-Sudani expressed, on Thursday, his optimism about the general economic situation in Iraq during the next twenty years.
This came in statements he made during the dialogue session within the work of the Davos Economic Forum held in Switzerland.
He was asked about his vision of the Iraqi economic future during the next twenty years, and he replied: Yes, Iraq will be completely different for the better.
He added that Iraq is moving at a steady pace, and I believe it benefits from the support of the people of all its components and sects, and this is the source of its strength until now,” stressing, “We build our plans and programs in the spirit of partnership, understanding and consensus among the people and through its constitutional institutions we create a new economic vision, and we are facing a new Iraq economically.”
Through various activities and projects, we invest in the natural materials we have, and we invest in the heritage and civilization that we carry, enabling us to move with confidence towards a better future in a strong, united, independent, and stable Iraq.”
On a parallel level, Al-Sudani met with the Director General of the International Monetary Fund, Ms. Kristalina Georgieva, on the sidelines of his participation in the Davos Economic Forum held in Switzerland.
The Sudanese media office stated in a statement that, during the meeting, financial cooperation relations between Iraq and the International Monetary Fund were discussed, within the framework of supporting the development path in Iraq.
Al-Sudani referred to the government’s plans in the field of economic and financial reform, as a gateway and basis for all the reforms that the government plans in all vital sectors.
In turn, Georgieva welcomed Iraq’s accession to a non-financing program to support economic reforms, as meetings with the Fund will begin next month to implement this program.
She also praised the steps taken by the government in the field of the financial and banking system, and improving the business and investment environment, expressing its understanding of Iraq’s uniqueness and the challenges it faces.
shafaq.com
"RV UPDATE" BY BRUCE, 18 JAN
Bruce
[via WiserNow]
So today we heard that there was an in country rate on the dinar little over $3 - That's in country - for Iraq. But our rate is going to be - remember what...Dr. shabibbi maybe said back in December of 2012 at the International Chamber of Commerce meeting, when Bluestar asked him what he thought the rate on the dinar would be to the dollar and Dr Shabibbi said that it would be over sixteen - Well, we're well over that, and we should be in good shape In terms of what they offer us... Do not be surprised, though, make sure you're sitting down when you get offered a quote unquote contract rate on the dinar. Because I know it's going to be very amazing. And I've heard of these rates before and I've been keeping up with them. It's gonna blow your mind...
- Tier 4b (us, the Internet Group) were looking for notification to set appointments anywhere from now through Fri. 19 Jan. It could happen tomorrow Wed. 17 Jan. or Thurs. 18 Jan, likely tomorrow, and then go to apt. by Thurs. 18 Jan.
- Tier 3 Bond Holders in Reno, Geneva and Miami had stations to go through for their bonds.
- Tier4b will not have stations but will have various people sitting down with us, one to verify your currency, one to do Zim, others would be handling your other currencies.
- They want us to be in and out of our appointments in 30 min.
- If you have other bonds take them with you to the Redemption Center.
- Have one, preferably two photo ids, proof of where you live like a gas bill and organize your currency by denomination.
- Word today was there was an in-country rate for the Dinar of over $3. Our rate at the Redemption Center will be higher. You could be offered a Contract Rate on the Dinar.
- The Dong rate is way higher than we thought.
- The Zim rate was on par with the USN.
- Zim Holders have priority for the exchange and for the Med Beds.
"RV UPDATE" BY GOLDILOCKS, 18 JAN
GOLDILOCKS
"The year 2024 might witness significant progress in U.S. regulations for stablecoins, according to Circle CEO Jeremy Allaire. Speaking at the World Economic Forum in Davos, Allaire expressed optimism about an impending approval of a stablecoin bill, citing the ongoing global momentum in digital currency regulations."
Circle, the Digital Network Company backing the stablecoin USD Coin, recently filed a confidential S-1 registration with the U.S. Securities and Exchange Commission. This registration process is a requirement in order to offer a new introductory product offering on the market. It tells us that their intentions are to go public inside the new Digital Asset-Based Trading System.
So now, we have the beginning stages of tokenized assets (spot Bitcoin ETF) beginning to populate on the markets and soon a digital dollar to process these transactions.
Each step of the way puts us closer to our goals. The USDC coin was tested all year long in 2023 to see if it would be able to hold its value. With algorithmic and gold-backed asset support, it was able to stay within a stable range of value compared to other stablecoins.
© Goldilocks
https://coinpedia.org/news/circle-ceo-expects-u-s-stablecoin-regulations-in-2024/
"ANALYSIS OF IRAQ NEWS" BY CLARE, 18 JAN
Clare
WORLD ECONOMIC FORUM ANNUAL MEETING
ACHIEVING SECURITY AND COOPERATION IN A FRACTURED WORLD
A Conversation With Mohammed Shyaa Al Sudani, Prime Minister of Iraq
January 18, 2024 10:30–11:00 CET
A conversation with Mohammed Shyaa Al Sudani, Prime Minister of Iraq
Simultaneous interpretation in English and Arabic>
Centre for Regions, Trade and Geopolitics
The Forum's Centre for Regions, Trade and Geopolitics is helping stakeholders shape progress on global and regional priorities within the most complex geopolitical and geo-economic landscape in decades.
Public Speakers
Mohammed Shyaa Al Sudani
Prime Minister of Iraq, Office of the Prime Minister of Iraq
John Harris- Founding Editor, Politico
https://www.weforum.org/events.....r-of-iraq/
Clare: International Finance Corporation: We want to expand our business in Iraq as an investment region
1/17/2024 Baghdad
The International Finance Corporation announced, on Wednesday, its desire to expand its work in Iraq as an attractive region for investment.
The Prime Minister’s media office said in a statement, seen by Al-Iqtisad News, that “Al-Sudani met in Davos with a delegation from the International Finance Corporation/IFC, headed by Executive Vice President Mokhtar Diop.”
The statement added, "The meeting witnessed a review of the prospects for cooperation between Iraq and the international institution, a member of the World Bank Group, in light of the Iraqi government moving forward with economic reforms and implementing major strategic and investment projects."
Al-Sudani confirmed, according to the statement, “the government’s readiness to develop the scope of cooperation and partnership with the international institution, especially after the signing of a contract between the Civil Aviation Authority and the international institution to prepare an investment portfolio regarding the Baghdad International Airport development project to be on the same level as international airports, and compatible with international standards in a comprehensive manner.”
For its part, the International Finance Corporation delegation expressed its desire to expand its work in Iraq as an attractive region for investment, as well as to participate in the Strategic Development Road project and the major projects attached to it. LINK
Sudani: The importance of World Bank reports realistically reflecting the policies of the new government, 18 JAN
Prime Minister Mohammed Shia Al-Sudani, on the sidelines of his participation in the Davos Economic Forum, met with the President of the World Bank Group {Ajay Banga}.
The meeting discussed, according to a statement from the Prime Minister’s Office, a copy of which received “the relations of cooperation between Iraq and the World Bank, in various economic fields, which contribute to supporting the government’s efforts and strategic plans, towards more investment and development opportunities in Iraq.”
He added, “The meeting also witnessed a review of the measures and steps taken by the government and the Central Bank of Iraq, in terms of financial and banking reform, and projects funded by the International Finance Corporation (IFC) were also discussed, foremost of which is the project to rehabilitate and develop Baghdad International Airport.”
The Prime Minister stressed “the importance of the World Bank’s reports realistically reflecting the policies of the new government implemented in the economic and banking sectors and supporting the private sector, which aim to diversify the economy, increase its growth and achieve financial stability, in light of the challenges faced by the region and the world.”
For his part, Panga praised the government’s measures in the field of modernizing and developing the banking sector, stressing his support for these measures, especially with regard to the implementation of the electronic payment system.
"RV UPDATE" BY MARKZ & MILITIAMAN, 18 JAN
MarkZ & Militia Man
[via PDK]
Article: “Iraq recalls ambassador from Iran after missile strikes-Ministry”
MarkZ: This is concerning while we watch what is going on in the middle east. There were missile strikes launched from Iran to the Kurdish region of Iraq.
Question: Do you think the attacks on our embassy…in Erbil, Kurdistan will hinder/delay the RV?
MarkZ: To me this doesn’t change what’s going on economically…and if anything may put the pressure on to move things faster.
Militia Man: Iran is in a pinch…their cash cow is going away. Stopping the graft at the Iraq border will stop their ability to do the money laundering and smuggling through customs. So, imo this attack is blow back…
"RV UPDATE" BY MARKZ & MILITIAMAN, 4 JAN
Question: What happens if they just print new notes and the dinar we hold are not good anymore?
MarkZ: That will never be accepted in the international world. You would have to have a closed economy to do that…like N. Korea. You cannot do that to the international world though.
Militia Man: We can clearly see the people behind this – the WTO, The IMF, The world Bank…the BIS, the Federal Reserve bank…
The US, Canada, The UK…all kinds of countries hold dinar in their foreign reserves. Iraq cannot just say…”Sorry guys- we aren’t paying you” That is not going to happen. We are talking trillions.
Look at the US- The US embassy in Iraq is one of the biggest in the world. One of our presidents said we are going to get paid back for this. They are planning big things over the next few months and need an exchange rate to match. Sudani has been moving on steroids to get this done.
"RV UPDATE" BY NADER FROM MID EAST, 18 JAN
Nader From The Mid East
The export of oil is going to go up. Tourism...go back to normal. A lot of things will go back. But nobody know that. I see a lot of negative things. Everybody is talking bullshit. They are going to have to revalue it [the dinar]....
We told you we're going to switch from dollars to dinar and that happened...They talked about it yesterday and I'm really excited about it. Today they're talking about again about the market and how it's excellent...It's going up slowly. Listen, it's a lot of steps to do. They're working on it. Everyday it's a new step and that's really good. I'm excited about it. I hope everybody getting excited. Don't get too excited though. Keep grounded.
It's going to be $3.50 to 1 and it's going to play about Forex between $3.50 and $4.50. It's true what I tell you. I'm not playing around.
Many people sending me things, things about 2026. I don't think they're going to wait till 2026. I don't think whoever explained you this, he read it wrong...If it start to float it's going to go quick. We just need to float it...If they did like they said and took off the dollar from the market, from the streets, things going to go quick...I agree with them that it's going to go up gradually but it's not going to take two or three years to reach 1 to 1...
Question: "Is the rate and the [lower] currency gonna come out together?" I think yes. This is why I think yes. First, because they cannot change an exchange rate with a big numbers [rate] and Second, they cannot change a [lower] currency with the small exchange rate...If you change, you've gotta change both. If you take the 3-zeros from the currency, you're gonna have to take the 3-zeros out of the exchange rate in the same time. That's what I think.
Happy New Year, best wishes and all that stuff...A lot of people are sending me messages going like do you see any changes? ...I don't know why you're asking me that. What you guys heard? Who told you anything? Some people wrote me tonight at midnight the currency will be launched. Some people said their new rate will come out tonight at midnight ...I didn't see anything like that. They didn't say they're going to change the rate tonight. They didn't say they're coming out with currency tonight... They'll never tell you they're coming out with it...I'm not expecting anything tonight...
https://dinarevaluation.blogspot.com/2024/01/rv-update-by-nader-from-mid-east-3-jan.html
I hope it gets 1 to 1. I'd be happy with that...Let's see what's going on with the budget and the elimination of the dollar. Let's wait for the best and expect the best.
Don't worry about the budget. The budget has nothing to do with nothing. Has stuff to do with making the economy stronger and all that stuff but has nothing to do with the rates...Saleh: The 2024 budget came into effect in all its details, 18 JAN
The financial adviser to the Prime Minister, Mazhar Mohammed Saleh, confirmed the entry into force of the Financial Budget Law of 2024 since the beginning of the current new year.
Saleh told {Euphrates News} “The Federal Budget Law No. 13 of 2023, is in force for three years, and as soon as the country enters the new fiscal year 2024, the budget law became effective in all its details, means, instructions and entry into force in letter and spirit to the current fiscal year from 1/1 until December 31, 2024.”
On June 12, 2023, the House of Representatives voted on the Federal Budget Law of the Republic of Iraq for the years (2025, 2024, 2023) in total.
Raghad Daham
https://alforatnews.iq/news/صالح-موازنة-2024-دخلت-حيز-التنفيذ-بكل-تفاصلها
"RV UPDATE" BY BRUCE, 18 JAN
BRUCE
We don't have any stations to go through the redemption center. It's not happening. What did happen with bondholders in Reno, in Geneva in Miami was they did have stations to go through for their bonds.
That's not us. that was tier three, but don't conflate that with what we're going to experience at the redemption centers.
We expect to be sitting down in an office with about three to four people opposite us at the desk. That would be a US Marshal, US Treasury Marshal is to make sure nothing goes haywire. You're gonna have one person on a delarue machine - - that would be counting and verifying currency.
So one person is going to be doing zim if you have zim. and two or two other one or two other people would be handling your other currencies if you have them.
So they've got that setup and you might have even two or three delarue machines two per office is what the last setup was. They feed that information from the delarue into a laptop computer, and then they work the laptop into a - Here's the word again - quantum computer.
So that's how they've got that designed. And so we're not going to move they're going to move to us. We'll have some people that will come in and some people – a different person might come in, but overall we're looking at that kind of arrangement, because remember, they would like us to be in and out of our appointment in 30 minutes.
And if you have bonds other than zim, we're talking about sheet bonds, a box of bonds. You know, these could be anywhere from German bonds, railroad bonds, gold dragon bonds, Red Dragon bonds, etc. If you have any of those bonds in sheet form, you have the provenance for them - You take those in with you to the redemption center.
And they'll have somebody that can go through that bond work with you and the provenance and everything that you have to have to justify that you are the rightful owner of those bonds and you will get that done. But even if you have bonds They don't want you to take more than 40 minutes. If you've got currency and bonds
That's a lot to get done in 40 minutes. Believe me, I know they're going to be quick. Their practice. They're really going to be super fast at setting up our accounts. They theoretically know who we all unless you've been gifted zim - they know who the zim owners are - they know how many are in a given area. I can tell you how many zim holders there are in some areas of the country, Because I've heard it from my sources.
https://dinarevaluation.blogspot.com/2024/01/bruces-big-call-17-jan.html
JPMorgan Sudanese: Ready To Open Accounts For 3 Private Iraqi Banks, 18 JAN
JPMorgan Sudanese: Ready To Open Accounts For 3 Private Iraqi Banks
Earth News / Prime Minister Mohamed Shia Al-Sudani met in Davos, JPMorgan’s Regional CEO for the Middle East and North Africa, Mr. Khalid Hoballah.
The meeting witnessed in a statement for his media office, Earth News, discussed the prospects of cooperation in the financial fields, and the opening of accounts for Iraqi banks, as well as the possibility of the bank’s participation in the government’s efforts to adopt electronic payment applications in Iraqi markets.
They also discussed “coordinating technical efforts between the Central Bank of Iraq and JPMorgan in establishing ideas related to the trading of digital currencies for central banks.”
The Sudanese pointed to “Iraq’s aspiration towards the bank’s cooperation with the Iraq Fund for Development, and the financing it targets to finance private sector projects in Iraq, stressing Iraq’s move with the steps of financial and banking reform, and to help develop this vital sector.”
For his part, Khaled Hepballah expressed the readiness of JPMorgan Bank to strengthen cooperation with Iraq as a government, with the Central Bank of Iraq, and the Iraqi banking sector, stressing the bank’s direction, as a first stage, to open accounts for three private Iraqi banks.
"ANALYSIS OF NEWS OF IRAQ" BY FRANK26, 18 JAN
Frank26
Beside Sudani and Alaq, the only two we listen to, I want you to add Barzani. As time goes by you'll understand why. Barzani is working very nicely with Sudani, Baghdad, the GOI...We're adding Barzani to the group. Sudani and Alaq are explaing the monetary reward to the Iraqi citizens, so is Barzani.
Notice articles this week are focusing on the monetary reform education, which is about the currency, lower denoms, new exchange rate, accounting, banking reform, everything. It's all being unloaded onto the citizens of Iraq...Let's be fair, they're just getting started. Let's see what happens this quarter..
Article: " Instructions and standards for the circulation and exchange of banknotes and counting and sorting mechanisms"
FINALLY... WHAT WE CALLED THE 2ND ARTICLE FOR THE CBI TO THE IRAQI CITIZENS!
Question: "Is [Firefly boots on the ground in Iraq] optimistic or frustrated?"
Both. He's optimistic because he knows what Sudani and the CBI have been telling the citizens of Iraq...Because he can go into a bank in Iraq now and ask questions and they will answer them point blank.
But he's also frustrated because how much longer? We're talking about going into...January already. This thing should have happened at the beginning of the year. What's the hold up? Why are we waiting?
Baghdad and Erbil conclude a new agreement to resume the export of Kurdistan region oil, 18 JAN
Baghdad and Erbil conclude a new agreement to resume the export of Kurdistan region oil
Economy News – Baghdad
On Wednesday, Foreign Minister Fuad Hussein revealed the conclusion of a new agreement between Baghdad and Erbil to resume the export of Kurdistan region oil.
Hussein confirmed during his participation in the Davos Global Forum in Switzerland, “The matter was related to the Iraqi government and the Kurdistan Regional Government, but two days ago the two sides signed an agreement on how to deal with the oil problem.”
He added: “I believe, and I hope, that we will resume exporting Kurdistan region’s oil to the port of Ceyhan soon.”
Added 01/17/2024 – 6:27 PM
"ANALYSIS OF IRAQ NEWS" BY MARKZ, 18 JAN
MarkZ
[via PDK] In Iraq: “Al Sudani discusses with JP Morgan the opening of accounts with Iraqi banks.” This is a worldwide thing and to me this means international.
Article: “Al Sudani arrives in Davos to push the “Development and Road Agenda” He is pushing to be international in world trade."NOW IS THE TIME" BY MNT GOAT, 18 JAN
MNT GOAT
All of these rumors are just from idiots trying to get you on their calls or sites to make money from their sponsors. So, if you are a Mnt Goat fan you are much, much more informed and ahead in your knowledge of what is actually taking place than what these other bozos tell you. Please don’t doubt yourself and believe all this other nonsense.
So, how long will us investors in the IQD have to wait before Iraq is allowed to liberate its own currency? Why do I say “now is the time”?
- We know they are completely out of Chapter VII sanctions since December 2022, and so why not treat them as such?
- We know they want the Iraq funds (nearly USD 115+ billion) released from the NY banks and put in their custody to do what they want with it. They are tired of being bullied by the U.S. with their own money.
- We know they have plans for yet more Sovereign Funds to invest their reserves.
- We know they are making agreements now for “currency swaps” for trade with Iran, China, Turkey, Kuwait, Emirates, and many EU countries as Iraq will no longer be using any US dollars in Iraq as of January 1st 2024.
- We know that the IMF is now working on the final stages of pulling together agreements to build a new basket of six (6) currencies to re-peg the IQD.
- More pressure from Iraqi economics advisors to the government to use a “basket” of currencies for the new dinar peg. This is the IMF plan of 2011 all along.
- We know since January they have undertaken a massive “de-dollarization” program and told it should have taken 6 years but they decided to do it in 1 year (2023). Why such a hurry?
- We know the value of the IQD right now does exceed even pre-1991 era but still at 1/6 of a penny for a rate? The value won’t go up, its already there. Get it? Why is it being suppressed? Iraq needs to see a rate reflecting the TRUE VALUE. 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 reserves.
- We know they are pushing this year alone, more than any other year since 2005, for the passing of Oil and Gas law. Why?
- 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?
- Finally, the CBI has told us many times already that January is the most opportune time to reinstate for accounting purposes, since it begins their new FISCAL year (for accounting purposes).
- Imminent World Trade Organization full accession
Just be patient, the reinstatement is coming and I firmly believe from what we now know there is a very strong likelihood we NOT are going to be at the banks in early 2024 but there is still strong hope for early part of the new year. There is no guarantees and so no one really knows a date when the event will occur. Let’s just follow the FACTS and see where they lead us…okay? Iraq is full of surprises and so anything is possible.
Please decide to help out financially to keep the Mnt Goat Newsletter alive!
It is appreciation day…
Enough said… more to come….
Hope to post the full Newsletter soon!
God Bless,
Auf Wiedersehen
Much love to ya all,
Mnt Goat
US delegation conveys “greetings” message from Biden and Blinken to Sudanese, 9 may
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