Our Federal Reserve is pushing the monetary reform of the Iraqi dinar for the new exchange rate...This MR (monetary reform) first started out with an RV (revaluation).In other words they did all the calculations on all the numbers of everything that they had in their reserves...banks...bank accounts, at the CBI...assets in the ground...
The RV has led the MR to the phase they're in right now which is called an RD (redenomination of their currency) - The new currency to replace the 3-zero notes.
The RD is inches away from entering what's called the RI. The RI of Iraq's currency is what will happen after this RD phase.Once you see...they have the redenomination in their hands, then the RI of their currency coupled with an RV of their new exchange rate value...will kick in.
What it boils down to is it will start an international float using an international currency basket..
Blinken Advocates for Humanitarian Ceasefires Amid Calls for Immediate Ceasefire from Arab Leaders
In a high stakes meeting with Arab leaders in Amman, US Secretary of State Antony Blinken called for an expedited delivery of aid to Gaza and insisted on humanitarian ceasefires amid the escalating conflict between Israel and Hamas. Blinken’s stance, diverging from the immediate ceasefire demanded by the Arab states, sparked intense discussions on the best path to peace in the region.
Arab Leaders Call for Ceasefire
Leaders from Egypt, Saudi Arabia, United Arab Emirates, Qatar, and Jordan pressed for an immediate ceasefire in Israel’s military offensive in Gaza. They voiced their concern about the escalating humanitarian crisis in the besieged Palestinian territory, where food and medical services are dwindling. They also expressed fears about the conflict spreading to other parts of the region, potentially pulling Lebanon’s Hezbollah and Iranian-backed Iraqi Shia militias into the fray.
Blinken Advocates for Humanitarian Pauses
Blinken, while reiterating the US’s support for Israel’s right to self-defense, highlighted the need to protect Palestinian civilians. He voiced concerns that an immediate ceasefire might allow Hamas to regroup and launch further attacks. Instead, he advocated for humanitarian pauses that would permit aid delivery and movement of civilians to safe places. Blinken’s stance reflected the US’s commitment to preventing the conflict from opening new fronts.
Shared Goal Amid Divergent Views
Despite divergent views on the best way to achieve a lasting peace, Blinken and the Arab leaders shared the goal of ending the violence and addressing the humanitarian crisis in Gaza. While the Arab leaders demanded an immediate ceasefire, Blinken called for humanitarian pauses, expressing concerns about Hamas regrouping. The need for a collaborative approach to find a better path forward was acknowledged by all parties.
International Attention and Concerns
The escalating conflict in Gaza has garnered international attention and raised alarm about the humanitarian crisis and the potential destabilization of the Middle East. The mounting casualties and destruction in Gaza have prompted calls for a ceasefire from various countries and organizations. Blinken’s visit to the region, including meetings with Israeli Prime Minister Benjamin Netanyahu and Lebanon’s caretaker Prime Minister, Najib Mikati, reflects the urgency of the situation.
The ongoing conflict between Israel and Hamas continues to escalate, with an immediate ceasefire demanded by Arab leaders. With the international community concerned about the humanitarian crisis and potential destabilization of the Middle East, the need for a peaceful resolution becomes ever more pressing.
Blinken’s Meetings with Middle East Leaders Amid Israel-Hamas War: A Detailed Analysis
U.S. Secretary of State Antony Blinken recently convened with Middle East leaders in Amman, Jordan, amidst the continuing Israel-Hamas conflict. Despite calls for a cease-fire, Blinken cautioned that such a move might fan the flames of violence initiated by Hamas.
Blinken’s Stance on the Israel-Hamas War
During the meetings, Blinken iterated the U.S.’s backing for Israel’s right to self-defense, while Arab ministers decried Israel’s war tactics. The war has claimed thousands of lives, with over 9,400 Palestinians, including 3,600 children, and more than 1,400 Israelis dead.
Disagreements and Divergences
Blinken’s rendezvous with Palestinian President Mahmoud Abbas unveiled the escalating clamor of Arab leaders for a truce as Gaza’s death toll teeters on 10,000. Nevertheless, Blinken underscored that the U.S. is not pursuing a ceasefire but humanitarian pauses. This divergence of strategies signals substantial disagreements between the U.S. and Palestinian positions.
Reactions to Blinken’s Approach
Blinken’s appeal for a humanitarian pause without a significant push to rein in Israel was criticized as hollow. Political analysts and Arab leaders argued that a mere pause would not bring peace or end the bloodshed, expressing growing dissatisfaction with the U.S.’s crisis management.
Blinken’s Meetings with Middle East Leaders
Blinken’s ensuing meeting with Turkish President Recep Tayyip Erdogan in Turkey spotlighted the deteriorating relations between Turkey and Israel due to Erdogan’s pro-Palestine stance. Blinken’s diplomatic efforts also extended to Iraq, where he met with Iraqi Prime Minister Mohammed Shia al-Sudani, focusing on the safety of U.S. forces in the region.
Future Governance of Gaza
Blinken is also seeking to initiate discussions on the future governance of Gaza after the complete obliteration of Hamas. The U.S. envisions an effective and revitalized Palestinian Authority playing a role in governing Gaza, although the specifics of this arrangement are yet to be determined.
Overall, Blinken’s dialogues with Middle East leaders have underscored the intricacies and challenges of resolving the Israel-Hamas conflict, reflecting the deep divisions and rooted issues that need to be addressed for lasting peace in the region.
The citizens have known for a long period of time that Iraq has the project to delete the zeros from the exchange rate and they don't want to give up their dinar...because they're going to have purchasing power and they're going to make a lot of money from that.
Back at the U.N. assembly they talked about the fact that Iraq was going to be bringing confidence to banks like JP Morgan and they effectively fix the financial system of the world. Iraq is going to be one of those countries that's going to help do thatand I'm looking forward to it and I hope you guys are too...
Things are happening on the banking side... Article Quote: "Visa Direct tool...simple transfers for the citizens. The tool facilitates the demand for foreign currencies." Not just the dinar, Not just the dollar...They're talking about 160 currencies. That's what they said. It's not my words...That's a lot. That's phenomenal. That means what? Iraq is going international with up to 160 currencies...
There's a little bit of turmoil going on with Kuwait...when it comes to demarcations ...Maritime borders are sovereign right too but the most important one is the 'unspoken Chapter VII'.
I believe the unspoken one is because of their currency exchange rate...Chapter VII has to do with the UN and until they are released and allowed to go Article VIII compliant with the IMF...ascend to the World Trade Organization...be able to have a valuation for their oil and gas law...That's what's in play right now...They are going to need an internationally accepted exchange rate...
Popular dissatisfaction with the rise of the dollar again. An economist points to effective solutions
Popular dissatisfaction with the rise of the dollar again - An economist points to effective solutionsWith the return of the rise in dollar prices, popular dissatisfaction and anger are renewed, especially by poor citizens, after the possibility of a stifling economic crisis, which will cause great harm to their miserable living conditions.
The economic expert, Bassem Antoine, said in an exclusive interview with Al-Mutala’ Agency today, Saturday, that “economic reforms, in light of the rise in the price of the dollar against the Iraqi dinar, need a long time to complete what the current government seeks, by untying the dollar knot and ending the major crisis.” .
He added, “Iraq needs to develop the economy in a way that is different from before, especially with regard to the agricultural, commercial, and tourism sectors,” noting that “activating these sectors will contribute greatly to reducing poverty and unemployment rates, and increase the strength of the country’s economy, which will strengthen the value of the Iraqi dinar.”
The President of the Republic - Iraq is no longer a source of crises
Information/Baghdad..
The President of the Republic, Abdul Latif Jamal Rashid, confirmed today, Saturday, that Iraq is no longer a source of crises, noting that the government’s program emphasizes attention to Iraq’s relations with the countries of the world.
Rashid said in his speech during the seventh Iraqi ambassadors’ conference held in Baghdad, “I salute you in this important meeting with the heads of diplomatic and consular missions abroad, which we hope will be fruitful in the context of the endeavor to strengthen and consolidate Iraq’s relations with various brotherly and friendly countries in the world.”
He added: “In fact, over the past years, Iraq has achieved important developments in the field of diplomatic relations with various countries, and we have succeeded in overcoming the decline in diplomatic, political and economic relations with many countries that occurred due to the rule of a dictatorship that embroiled the country in countless wars and problems.”
He pointed out that “the government’s program emphasizes attention to our relations with the countries of the world, which is what we worked on with great seriousness in the Presidency of the Republic, and the government also worked on it with precision and care in order to distance the country from the policies of the axes, and in order for common interests and respect for the sovereignty of countries to be the principle that governs it.” Relations are based on it,” adding: “Iraqi diplomacy was able to start from our country’s democratic policy and to resume and activate relations with many countries in order to preserve the traditions of coexistence and cooperation between countries.”
The President of the Republic continued: “The role of the foreign ministers after 2003 and the role of the ministry’s senior officials was also effective and vital in translating the state’s policy and achieving its goals in restoring, developing and activating diplomatic relations with various friendly and brotherly countries.”
He pointed out that: “Today, as you can see, is different from what we were years ago, and today Iraq is no longer a source of threat to any party as it was in the dictatorial era, and Iraq is no longer a source of crises,” indicating that “Iraq’s foreign policy is based on the foundations of cooperation.” To overcome crises through constructive dialogue and by giving priority to common interests, and for Iraq to be effective in resolving crises and helping to create a regional environment that coexists in peace and cooperation.”
He stated that: “On these grounds, many countries have begun to express their keenness to further advance relations with Iraq and strengthen them wherever development is possible in the political, economic, cultural and commercial fields, and this is what we sense from our position in all our visits, receptions and meetings with leaders of countries, and it is welcomed and appreciated by us.” And respect for any effort that helps improve relations and advance them.”
The President of the Republic stated that “what helps to improve relations now is the great success achieved in the security situation and the keenness shown by the government in order to achieve an attractive environment for investment and bridge bureaucratic obstacles to investors. This is what helps develop relations in the commercial and investment aspects and stimulates capital, companies and governments to… Cooperation and investment in Iraq, in a safe, stable and stimulating environment.”
He said: “Hereby, we call upon you, as representatives of your country and the government in friendly and brotherly countries, to further work and openness wherever you are in your countries of work and wherever you find appropriate opportunities to enhance and develop cooperation in any economic, political and cultural field. Sustaining the momentum of Iraq’s diplomatic activity today is an absolute necessity.” It is necessary to present a true picture of the new situation represented by improved security and stability in order to encourage investments and enhance opportunities to bring capital to Iraq, and this important role falls on the shoulders of every head of mission and representative of his country abroad.
He explained: “We call on you for greater openness to Iraqis residing outside the country and to go beyond bureaucracy in this connection with citizens wherever they are, and any of our embassies should be a home for Iraqis.” Rashid stressed: “This is one of our responsibilities towards our citizens residing in many countries.
” And those traveling outside the country for the purposes of tourism, treatment, study, trade or work.”
He stressed that “the development of professional skills is an important factor in success and advancement in job performance, and this is what should be a basic and decisive criterion in selecting foreign service employees.” He noted:
“ We have a lot ahead of us on which we must focus our efforts, and I believe that your Ministry, the Ministry of Foreign Affairs, possesses the capabilities and competencies that are truly capable of development, and in a way that helps advance the government program and translate this program through good performance and in light of the value of the results achieved.”