Alaq and Sudani are removing all foreign currency from your [Iraqi citizens'] country because they are protecting you and your national currency from any foreign terrorism.
They are using all mechanisms...These mechanisms come from the CBI. They were structured by the monetary reform under Dr. Shabbibi. One of the last final things is to remove all foreign currency so you only have your currency in your country.
I think when the United Nations meeting occurred with Sudani a lot of things were accomplished and a lot of things moved forward faster than we expected.
And I believe because of that meeting in New York, the United States of America is boxing in Iraq by demanding they stop the corruption with the American dollar...
Breaking News: The Explosive Surge of the Iraqi Dinar (IQD) in FOREX – Revealing the New Rate and Unleashing the Power of Iraq’s Currency
In the high-stakes world of Forex trading, fortunes are made and lost in the blink of an eye. But there’s one currency that’s been flying under the radar, waiting for its moment to explode onto the scene – the Iraqi Dinar (IQD). Today, we unveil the secrets and shed light on the enigmatic IQD, a currency that’s poised to redefine the game.
Brace yourselves for a rollercoaster ride as we dig deep into the hottest Forex topic of the year!
The Forex market, the world’s largest and most liquid financial market, is a battleground where traders strive to seize every advantage. Amidst the relentless chaos, the Iraqi Dinar (IQD) has been a subject of intrigue, overshadowed by the giants of Forex. But recent developments are set to change the game entirely.
IQD’s Explosive Surge: A Game Changer
Imagine, for a moment, a currency that has languished in the shadows for years, only to suddenly emerge as the dark horse of Forex trading. The IQD has quietly plotted its resurgence, and now it’s ready to roar. The burning question on every trader’s mind is,
“What’s the new rate of the IQD in Forex?”
Unmasking the IQD: The Hidden Potential
For years, the Iraqi Dinar has been an enigmatic currency, with its fate seemingly tied to the turbulence of Iraq’s political and economic landscape. But beneath the surface lies a potential goldmine that few have dared to explore. Let’s dive deep into the heart of this remarkable currency and uncover the untold story of its rise.
The Perfect Storm: Factors Fueling IQD’s Rise
The Forex market is a complex ecosystem influenced by countless factors. In the case of the IQD, several converging forces are driving its meteoric ascent.
1. Geopolitical Stability
Iraq, once synonymous with turmoil, is now making strides towards stability. The country has emerged from the shadows of conflict, and its government is actively pursuing economic reforms. This newfound stability is a beacon of hope for the IQD.
Smart money is flowing into the IQD, as astute traders recognize its potential for exponential gains. The currency’s undervaluation for years has created a tantalizing opportunity for those who dare to speculate.
4. Market Sentiment and Technological Advances
In the age of social media and real-time information dissemination, market sentiment plays a pivotal role in Forex trading. The IQD’s recent buzz on social platforms has ignited a frenzy, propelling its value to unprecedented heights.
IQD Trading Strategies: Seizing the Opportunity
In a market as competitive as Forex, success hinges on a well-crafted strategy. To make the most of the IQD’s explosive surge, traders need to be armed with the right tactics.
1. Fundamental Analysis
Delve into Iraq’s economic indicators, political stability, and oil market dynamics. Understand the forces that drive the IQD’s value and make informed trading decisions.
2. Technical Analysis
Leverage technical indicators, charts, and patterns to time your trades effectively. The IQD’s recent price movements present a treasure trove of data for astute technical analysts.
3. Risk Management
As with any high-reward endeavor, Forex trading carries inherent risks. Employ sound risk management practices to protect your capital and maximize your profits.
4. Stay Informed
In the fast-paced world of Forex, staying ahead of the curve is crucial. Keep a keen eye on geopolitical events, economic releases, and market sentiment to adapt your strategy accordingly.
The Verdict: Is the IQD a Golden Opportunity?
The explosive surge of the Iraqi Dinar in Forex is undeniable. However, it’s essential to approach this opportunity with caution. The Forex market is notorious for its volatility, and the IQD’s ascent may not be without its share of bumps along the way.
That said, the IQD represents a unique chance for traders to ride the wave of Iraq’s economic resurgence. With careful planning, strategic execution, and an appetite for calculated risk, the IQD may indeed be a golden opportunity waiting to be seized.
As the Forex world watches in awe, the Iraqi Dinar has staged a remarkable comeback. It’s a story of resilience, potential, and untapped opportunity. The new rate of the IQD in Forex is the hottest topic in trading circles today, and it’s a testament to the power of the Forex market to unearth hidden gems.
But remember, in the world of Forex, fortune favors the bold and the well-prepared. As you contemplate your next move, keep a close eye on the IQD, for it may just be the currency that defines your trading journey. The game has changed, and the IQD is leading the charge. Are you ready to join the ranks of those who see beyond the surface and seize the future?
Stay tuned, fellow traders, for the IQD’s journey is just beginning, and the Forex landscape may never be the same again. As the saying goes, “Fortune favors the brave.” Will you be one of them?
So, there you have it – the explosive saga of the IQD’s surge in Forex. Buckle up, traders, for this ride promises to be a thrilling one. As the world watches and waits, you have the power to make history in the ever-evolving world of Forex trading. The IQD beckons, and the future is in your hands.
Iraq Prepares to Resume Oil Exports through Turkish Port Amidst International Arbitration
In a significant development in the global oil market, the Iraqi government has announced its readiness to resume oil exports from the Kurdistan Region and Kirkuk via the Turkish port of Ceyhan. The move comes after a hiatus induced by a ruling from the International Arbitration Court in Paris and various seismic-related issues. The pipeline, a crucial conduit for oil exports, is currently undergoing rigorous inspections and technical assessments by Turkish authorities.
The Historical Dispute
The contentious issue of the oil pipeline between Turkey and Iraq has been simmering for nearly a decade now. The controversy was sparked off when Kurdish oil was independently exported under a 2014 agreement between Ankara and Erbil, permitting oil from Iraqi Kurdistan to be sold through Turkey’s port of Ceyhan. Traditionally, the vast majority of Iraq’s federal oil exports are shipped through the southern Gulf coast.
In retaliation to the independent Kurdish exports, Iraq lodged an arbitration case with the International Chamber of Commerce (ICC), accusing Turkey of breaching a 1973 pipeline agreement by allowing oil exports from Iraqi Kurdistan without Iraq’s formal consent. The ICC’s decision in March was centered around a clause in the 1973 agreement’s annex, which stipulated that Turkey could only purchase oil via certain channels.
The Current Situation
Since the ICC ruling, the transfer of crude oil from Iraq to Turkey has been put on hold, creating a cloud of uncertainty over when and how the issue would be resolved. Despite whispers of a possible visit by Turkish President Recep Tayyip Erdogan to Iraq, there have been scant indications of an imminent agreement.
Adding to the complexities was a recent explosion near the town of Pazarcik in southeastern Turkey, which brought a temporary halt to the pipeline that transports oil from Iraq to international markets. The explosion, which triggered a significant fire, was reportedly caused by a falling electricity pole during severe weather. Kurdish rebels, known for targeting pipelines in the region in the past, have been ruled out as the cause of the incident.
Looking Ahead
According to Turkish Energy Minister Alparslan Bayraktar, the northern oil export route through Turkey is set to restart operations soon, following a thorough check on pipeline maintenance and repairs to damages caused by floods. However, oil flows are not expected to recommence before October, resulting in an estimated loss of approximately $4 billion in exports for the Kurdistan Regional Government (KRG).
Both Iraq and Turkey are actively working to safeguard their interests, both legally and diplomatically, as the situation continues to evolve. Ankara is pressuring Baghdad to retract a second arbitration case covering the period from 2018 onwards and negotiate a reduced payment. Simultaneously, Turkey is advocating for Erbil and Baghdad to arrive at a common stance and negotiate the continuation of the pipeline agreement, which is due to expire in 2026.
Putin Criticizes U.S. Policy in Middle East as a Failure, 11 OCT
In a recent interview with the US 24 channel, Russian President Vladimir Putin called out United States’ policy in the Middle East as a failure. This assertion has stirred global discourse about the effectiveness of U.S. interventions in the region.
Putin’s Critique of U.S. Policies
During a meeting with Iraqi Prime Minister Mohammed Shia Al-Sudani, Putin criticized the U.S. policy in the Middle East. This critique was primarily based on the recent escalation of violence between Israel and the Palestinians, which Putin described as a “vivid example” of the failure of U.S. policy in the region.
He accused the U.S. of trying to monopolize the peace process and failing to consider the interests of the Palestinians, particularly their need for an independent state. He stated that the U.S. has moved away from previous international instruments for resolving the Middle East conflict and monopolized the settlement process. Putin’s comments have highlighted the intensifying global scrutiny of U.S. foreign policy, which critics argue often lacks a comprehensive understanding of regional complexities.
Escalating Violence and Calls for Ceasefire
The ongoing conflict in the Middle East has resulted in a significant number of civilian casualties. Both Putin and Turkish President Tayyip Erdogan have expressed concern about the escalating violence and called for an immediate ceasefire. These calls come amidst growing international pressure for a cessation of violence and a return to diplomatic negotiations.
Russia’s Role in the Peace Process
Although Putin did not mention Russia’s own role in the peace process during the interview, the Kremlin has expressed its intention to play a part in finding a solution to the conflict. This development may indicate Russia’s increasing interest in influencing the geopolitical dynamics of the Middle East and potentially challenge U.S. dominance in the region.
The Future of U.S. Policy in the Middle East
When asked if he believes the U.S. policy will change, Putin responded that he doesn’t know and suggested asking American policymakers directly. This response underscores the uncertainties surrounding the future of U.S. policy in the Middle East and its potential implications for regional stability.
FIREFLY: Sudani said the banks that did not have our money that we deposited have basically been using that money on the black market to make money with a high exchange rate and this will stop.
They better come up with the month to pay our deposited money back or actions will be taken by the CBI toward these banks. He spoke to high end corruption and how this too will end.
FRANK: I knew Sudani had everything under control but this is a little surprising to me. It is very good news.
FIREFLY: Dollarization is over in Iraq TV says.
FRANK: Told you so. Now listen to Alaq and Sudani and do what they tell you.
Kurdistan’s Deputy PM Calls for Revision of Iraq’s Federal System for Economic and Political Stability,11 OCT
Deputy Prime Minister of Kurdistan, Qubad Talabani, has expressed grave concerns over the functioning of the federal system in Iraq. He pointed out the striking disparity between the form and the substance of the system, indicating that while it appears democratic in its structure, the implementation often veers from the principles of federalism. He conveyed this during a panel discussion on ‘Federalism and the Future of Iraq’.
Overstepping Boundaries
Talabani acknowledged the possibility of both the regional and federal governments overstepping their powers, which could potentially disrupt the balance of authority. While emphasizing the need for a realistic Kurdistan Regional Constitution, he also stressed on the significance of having a functional regional administration to ensure a smooth functioning of the system. The Deputy Prime Minister, in his address, highlighted the importance of understanding and respecting the boundaries of power to avoid conflicts.
Contrasting Regional Interests
Another critical aspect that Talabani touched upon was the contrasting regional interests within the framework of the federal system. Due to the diverse sociopolitical and economic landscapes across the regions, the interests often clash, leading to disagreements and conflicts. He emphasized that these differences need to be addressed through dialogue and consensus to ensure stability and progress.
Addressing the Constitutional Dichotomy
This statement from Talabani follows the Kurdistan Regional Government’s President, Nechirvan Barzani, who identified the constitutional dichotomy between Erbil and Baghdad. He stressed the importance of addressing this core problem to ensure political and economic stability in Iraq. The Kurdistan leaders’ call for a revision of the federal system is an attempt to balance power dynamics, address regional disparities, and promote economic development in the region.
