MAJOR NEWS: Iraq Loses $7billion IMF Forecast Iraq Economy 2024 CBI BY SANDY INGRAM

"I'M FOR AN RV" BY PIMPY, 15 OCT

 Pimpy 

 Question: "I'm confused, are you for an RV or you saying it's not going to happen?"  What do you  mean?  What part are you confused about?

  I'm for an RV, hell yeah man! Let it happen tomorrow.  Geez.  I'm for an RV, I'm just saying  we're grounded...I'm not negative. 

 I'm telling you the truth...I'm saying the RV will happen in increments.  Are you talking about a reinstatement, the $3.22 rate?  No, that's not going to happen...    

The one major issue with Iraq is they rely too much on oil.   I don't care what them guys tell you about, 'oh, they're article VIII compliant.'

  That doesn't mean crap.  Compliant what?  Article VIII of what? 

 What article VIII are you talking about? 

 The biggest issue with Iraq besides the fact they don't have a stable economy and their government is not stable is they rely way too much on oil...

Middle East Stock Market: A Glance Amid Crises, 15 OCT

 Middle East Stock Market: A Glance Amid Crises, 15 OCT

In the midst of turmoil and uncertainty, the Middle East’s financial landscape is witnessing a significant shift. The ongoing conflicts such as the war in Yemen, and unrest in Iraq and Syria, which have been plaguing the region, have now started affecting the economic sphere, particularly the stock market. However, it’s not all doom and gloom. Amid this crisis, traders and experts see a glimmer of hope and potential for growth.

Market Challenges and Opportunities

The stock prices in the Middle East have been experiencing a sharp decline due to the prevailing uncertainty and instability. While this scenario may be a cause of concern for some, many traders and experts view it as an opportunity. They believe that the current low prices present a golden opportunity for investors to purchase stocks at attractive rates. The expectation is that once the situation stabilizes and the conflicts are resolved, the stock prices will see an upward trend.

The Anticipation of Sunday’s Market Opening

The opening of the market on the forthcoming Sunday is anticipated to bring some positive changes. Traders are optimistic that with the reopening of the market, there will be an increase in trading activity, potentially leading to a rise in stock prices. This optimism, despite the existing conflicts, reflects the resilience of the financial sector and the hope for a brighter future.

Diversifying Investment Portfolios

During these times of crisis, the importance of diversifying investment portfolios cannot be overstated. The article suggests that investors should consider investing in sectors less affected by the conflicts. Sectors like healthcare, technology, and consumer goods are seen as safe havens during these tumultuous times. Diversifying investments not only helps in reducing risk but also increases the chances of getting higher returns.

The Role of Government Support

The governments also play a crucial role in restoring stability in the stock market. They can implement policies and measures that can help stabilize the stock market and boost investor confidence. This includes providing financial support to affected industries, encouraging foreign investment, and promoting economic reforms. These measures can help in attracting investment and restoring stability in the market.

https://bnn.network/finance-nav/stock-markets/middle-east-stock-market-a-glance-amid-crises/

Breaking Down Iraqi Dinar to a Floating Exchange Rate | Iraq's Forex Auc...

"RV UPDATE" BY MARKZ, 15 OCT

  MarkZ 

  [via PDK]   ...What one person calls a redemption center-another calls a bank. But overwhelmingly redemption centers are in banks…Banks that are set up with people trained to exchange currencies and all the procedures and equipment…. Call it whatever you want. Call it a “redeeming bank”…Most work in dual roles…in wealth management and will be assisting with exchanges when it happens…so most are already employed at banks.

 We are watching it happen…and yes it is just moving so slowly. Slowly, slowly then suddenly it’s going to go. BAM

 Question:  ...Mr. C. [Guru Mike Cottrell]  said that Iraq will have an RI (as opposed to the RV); what is an RI and what's the difference? 

 MarkZ:  An RI is a reinstatement of the former rate before they devalued the dinar…It is my understanding they can reinstate it to the old rate PLUS…add more for the inflation that happened during that time period….

 I think the old rate was around $3.22-$3.30 or so…then if you add in inflation for the last 20 years and you can justify a rate of over $4 or so,…a RV is a revaluation of any rate that’s not the RI rate.

We were getting strange rates in Iraq today...It doesn’t seem to be an official process but an unofficial process. Many merchants or money handlers have put a different value on their dinar. They believe the dinar is about to take a serious spike in value. So they were charging a premium if you wanted any of their dinar...

 It’s been an interesting day but, I have not been able to confirm the rumors of $1.13 or so rate…but I can verify the number of sources that tell me “yes, there were major wild swings in the dinar based on who you were negotiating with...I could not confirm the rates many...have said…I can verify the value swung greatly today. I believe its telling us that the people of Iraq believe the timing is very, very soon.

Iraqi Parliament Condemns Israeli Aggression, Pledges Support to Palestine, 14 OCT

 Iraqi Parliament Condemns Israeli Aggression, Pledges Support to Palestine, 14 OCT

In an apparent show of solidarity, the Iraqi Parliament convened a session to address the escalating Israeli aggression against the Gaza Strip. The parliamentary meet, presided over by Speaker Mohammed al-Halbousi, strongly condemned the ‘brutal practices and crimes’ committed by Israel and demanded the activation of the Arab Defense Treaty against Israel.

Call for Arab League’s Intervention

In a bid to bring some semblance of peace to the region, the Iraqi Parliament has called upon the Arab League to hold an emergency session to publicly condemn Israeli aggression. The plea extends to providing humanitarian aid to the besieged Gaza Strip, currently facing a severe humanitarian crisis.

Iraq’s Commitment to Palestine

Faleh Al-Fayyad, the chairman of the Popular Mobilization Forces (PMF), reaffirmed Iraq’s commitment to supporting the Palestinian people. This commitment includes not just aid but also military assistance if required. Al-Fayyad further emphasized that Iraq would not stand by while the United States supports the Israeli occupation against the Palestinians.

Extraordinary Session in Support of Gaza

In light of the ongoing crisis, the Iraqi Parliament has decided to hold an extraordinary session to extend support to Gaza and raise donations for the Palestinian people. This decision highlights the urgency of the situation and the need for immediate international intervention.

Consequences of Israeli Aggression

The recent Israeli aggression in Gaza is expected to trigger significant repercussions, particularly concerning the issue of normalization. The Middle East is likely to witness a paradigm shift in its political dynamics as countries react to this crisis. However, Iraq has made its stance clear, expressing unwavering support for the Palestinian cause and the Palestinian Resistance.

https://bnn.network/politics/iraqi-parliament-condemns-israeli-aggression-pledges-support-to-palestine/

Iraq Vows Unwavering Support for Palestine Amid Ongoing Israeli Aggression, 15 OCT

 Iraq Vows Unwavering Support for Palestine Amid Ongoing Israeli Aggression, 15 OCT

In a resounding display of solidarity, Iraq pledged unwavering support for the Palestinian people in the face of the monstrous Israeli aggression currently plaguing occupied Palestine. Faleh Al-Fayyad, chairman of the Popular Mobilization Forces (PMF), delivered a powerful statement on Saturday, emphasizing that Iraq will fulfill its obligations to the Palestinians on multiple fronts, including both humanitarian aid and military assistance.

Iraq: Main Pillar of Support for Palestinian Resistance and A Platform of Support, Not Harm

In a candid conversation with BNN, Al-Fayyad made a compelling case for Iraq’s role as a vital platform of support for the Palestinian cause. He declared, “The plans to displace the people of Gaza are unrealistic and cannot be implemented.” Al-Fayyad further asserted, “It is impossible for Iraq to be a gateway to inflict harm on Palestinians; it will be a platform to support them.”

“The Palestinian Resistance’s actions are all a reaction to the occupation’s crimes,” he added, highlighting the nature of the ongoing struggle against Israeli aggression. Importantly, he underscored the role of the United States as a key accomplice in the Israeli occupation’s crimes.

Al-Fayyad went on to pledge that Iraq would be the primary pillar of support for the Palestinian Resistance. He emphasized that Iraq would not permit the United States to lend its support to the Israeli occupation against the Palestinian people.

Operation Al-Aqsa Flood and the Future of Normalization: Strong Statements from Iraqi Leadership

Reflecting on the results of Operation Al-Aqsa Flood, Al-Fayyad noted that the consequences of the events in the Gaza Strip are substantial and will soon become evident. He pointed out the potential impact, particularly in the context of normalization efforts.

The condemnation of the Israeli aggression came from the highest levels of Iraqi leadership. Iraqi Prime Minister Mohammad Shia al-Sudani, during a meeting with the Iraqi Coordination Framework’s forces, condemned the ongoing Zionist aggression and the direct targeting of civilians in the occupied territories.

The Secretary-General of Iraq’s resistance group Asa’ib Ahl al-Haq, Qais Khazali, affirmed the group’s readiness to assist Palestine, offering both financial and moral support through demonstrations and protests. He even stated that his group is prepared to provide on-the-ground support if requested.

Iraq’s Warning to the United States: Israeli Aggression Continues

Earlier in the week, Iraq’s Sayyed al-Shuhadaa Brigades issued a warning to the United States against any interference in Operation Al-Aqsa Flood. The group made it clear that Palestine should not be compared to other international conflicts, emphasizing that any U.S. interference on the side of Israel would make U.S. bases in the region targets for the Resistance.

The group stressed that any U.S. support for the Israeli entity would face retaliation without any red lines uncrossed.

In the midst of these developments, Israeli Prime Minister Benjamin Netanyahu issued a stark threat to “change the Middle East” in the course of Israel’s ongoing war on Gaza. The Israeli military’s continuous airstrikes on the Gaza Strip have resulted in an alarming number of casualties, with over 2,228 Palestinian martyrs and thousands injured.

Iraq’s Long-Standing Support for the Palestinian Cause

Popular Front for the Liberation of Palestine (PFLP) Deputy Secretary-General Abu Ahmad Fouad, in an interview with Al-Mayadeen, highlighted the historical contribution of Iraq to the Palestinian cause. He noted the significant role that Iraq has played, even stating, “the cemetery of Iraqi martyrs in Jenin is testament to this.”

Fouad emphasized the enduring support of the Iraqi people for Palestine and their involvement in the ranks of the Palestinian Resistance. He highlighted the tangible reality of the Axis of Resistance today and the readiness of brothers in Yemen and Iraq to stand with Palestine whenever the need arises.

In Conclusion

In the face of the ongoing Israeli aggression, Iraq’s resolute support for the Palestinian people is a powerful testament to the enduring solidarity within the Axis of Resistance. The struggle continues, with the unwavering commitment of Iraq and other nations who stand with Palestine.