Friday, October 13, 2023
Evening News with MarkZ 10/12/2023
Thursday, October 12, 2023
Al-Sudani: Iraq hopes to join the BRICS group, 12 OCT
Al-Sudani: Iraq hopes to join the BRICS group, 12 OCT
On Wednesday, Prime Minister Muhammad Shiaa Al-Sudani expressed Iraq’s readiness to join the BRICS group if invited by the founding countries.
During a dialogue session with representatives of the Iraqi community in Moscow, Al-Sudani stated that Iraq is willing to join the BRICS group if it receives an invitation from the founding countries, according to a statement made to the Russia Today channel.
Al-Sudani stated that Iraq knows the conditions and specifications required to join the group.
During their meeting, Al-Sudani and Russian President Vladimir Putin discussed using the Iraqi dinar and Russian ruble in commercial transactions between the two countries.
He expressed gratitude for Russia’s principled stance on Palestine and extensively discussed the matter with Putin out of concern for civilians.
Al-Sudani has announced that Iraq is considering establishing an Iraqi cultural center in Moscow, Russia. This initiative is based on the strong historical ties between the two nations, which will reach their eightieth anniversary next year since the inception of diplomatic relations between Moscow and Baghdad.
Economic praise for Iraq and Russia’s agreement to deal in dinars and rubles: a masterstroke, 12 OCT
Economic praise for Iraq and Russia’s agreement to deal in dinars and rubles: a masterstroke, 12 OCT
On Thursday, Bassem Anton, an economic expert, stated that the recent agreement between Iraq and Russia to conduct transactions using their local currencies – dinar and ruble – will lead to the opening of new doors for other countries to trade in local currencies. This will result in a decrease in the demand for the dollar. Anton described the agreement as a “masterstroke”.
Anton stated that raising the issue of transactions between Iraq and the Russian Federation at a high level of discussion played a key role in reaching an agreement with the Russian side to conduct business transactions in the local currencies of ruble and dinar. This is especially important as the volume of Russian investments in Iraq amounts to around 19 billion annually, making it a significant amount.
He said, “As per the agreement, Iraq will establish new avenues of cooperation with significant nations and will conduct transactions in local currency. This will lead to a decrease in the demand for the dollar and result in a rise in the value of Iraqi dinar against the dollar.”
Antoun stated that one of the key measures for the current and future governments is to boost the agricultural and industrial sectors to achieve self-sufficiency. This would reduce the need for purchasing agricultural and industrial products from other countries using the dollar. Ultimately, this will help the country to move away from being dependent on the sale of oil and transition towards a more diversified economy.
On Wednesday, Prime Minister Muhammad Shiaa Al-Sudani announced the government’s interest in investing in gas due to its lack of attention since the discovery of oil.
Prime Minister Muhammad Shiaa Al-Sudani wrapped up his visit to Moscow, Russia, which took place on Tuesday.
"ANALAZYING THE ARTICLE : " BRICS: What Iraq's Cash Ban Means for the Global Status of USD" BY SANDY INGRAM, 12 OCT
Sandy Ingram
On the topic of Iraq's depolarization plan starting in January 2024... Article: "BRICS: What Iraq's Cash Ban Means for the Global Status of USD"
The BRICS people...are trying to say Iraq is abandoning the US dollar in favor of the BRICS' agenda. WRONG...Iraq has over $100 billion US dollars in a New York Federal Reserve Bank and they understand the consequences of crossing over their own wealth.
This money move by Iraq is to put an end to Iran wrapping itself around Iraq's finances...
to control corruption and the illegal flow of money so they can get International investments.
This money move by Iraq is to show favoritism to their own currency and their own government.
Anytime the young girls decide to date or marry a man who has lots of US dollars rather than Iraqi dinars, then it is time to readjust the thought process. Make no doubt about it, this money move will help strengthen the Iraqi dinar and hopefully the value of the IQD against the USD.
"KURDISTAN BOOTS ON THE GROUND REPORT" BY SUPERGIRL, 12 OCT
Frank26
[Kurdistan boots-on-the-ground report]
SUPERGIRL: Yes, I'm waiting to go back in...I'm sorry I'm just overly excited...I went to the ATM 30 minutes ago to get cash, I went into the grocery store to ask them if they own the ATM. He said no.
I said I tried getting USD out and it won't let me. He said it no longer will give you USD. I said why?
He said because the currency rate just went up. When did that happen? Two days ago. I said are you serious. He said yes.
I got some things for the week and it came out to $80 but he cannot accept USD so it's going to be more...I said how much more? He said a lot more. He told me $100 USD is probably $180.
FRANK: These changes are occurring internally. They're not advertising it. Forex wants to get a hold of this but the CBI is not allowing it just yet. They are still cleaning the terrorist activities...You try to get American dollars and they say no...
They tell you to wait because the value is about to go up not of the American dollar but of the Iraqi dinar.
SUPERGIRL: Yes. He said it happened two days ago here in country.
PM Al-Sudani orders operation of Karbala Oil Refinery by 2025, 24 NOV
PM Al-Sudani orders operation of Karbala Oil Refinery by 2025 Shafaq News/ On Sunday, Iraqi Prime Minister Mohammed Shia Al-Sudani directed ...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...