"RV UPDATE" BY FRANK26 & RAYREN98, 20 NOV

Frank26

  The Iraqi dinar is now going to enter a basket in a float and that's why the CBI has been talking...about the basket and coins...

 All they talk about is the exchange rate of the Iraqi dinar, about the black market going away and the only way that all of this can happen is if we have a new exchange rate and a new currency to match it.  They are preparing [Iraqi citizens].  This is the monetary reform at its highest point.

  Question: "If you just have a small amount of dinars would you just go to the bank manager [to exchange]? " 

  Yeah.  You got a small amount... 100,000, quarter of a million whatever, yeah, go up to the teller and have them take care of you.  They won't take care of you at the counter, they'll move you over.  That's why they're building these cubicles all over the place.

RayRen98  

 [via Babysmom] 

 ...THIS MORNING "3 LTR GUYS SAY THEY ARE NOT SURE IF WE WILL SEE "IT" THIS MORNING OR LATER TODAY AFTER THE MARKET OPENS...BUT THEY ARE DEFINITELY THINKING "TODAY".. TIME WILL TELL"; "... "ALL IS READY, AND WE JUST GOT THE (GO) SIGNAL. ALL SYSTEMS READY...NO HOLD UPS IN SIGHT.TIME WILL TELL".

Iraq’s Prime Minister Discusses Bilateral Relations and Gaza Tragedy with U.S. Ambassador, 20 NOV

 Iraq’s Prime Minister Discusses Bilateral Relations and Gaza Tragedy with U.S. Ambassador

On the eve of an intricate discussion scheduled for next week, Iraq’s Prime Minister, Mohammed Shia’ al-Sudani, sat down with the U.S. Ambassador to Iraq, Alina Romanowski. The talks centered around bilateral relations and mutual cooperation, with specific emphasis on potential financial collaboration between the Iraqi Central Bank and the U.S. Treasury.

Addressing the Gaza Tragedy

The dialogue didn’t shy away from the ongoing tragic events in Gaza. The mass killings of civilians by occupying forces and severe human rights violations of Palestinians were brought to the forefront. Prime Minister al-Sudani reaffirmed Iraq’s principled stance on the Palestinian issue, expressing the urgency to halt these assaults , guarantee safe passages, and facilitate the entry of food and medical aid.

Ensuring Palestinians’ Rights and Dignity

The Prime Minister further stressed the indispensable need to guarantee Palestinians’ rights to live safely and with dignity. His words resonated with a commitment to justice and humane treatment for all.

Securing Iraq’s Diplomatic Missions

Prime Minister al-Sudani also reiterated Iraq’s commitment to protecting diplomatic missions and security advisors within the International Coalition against ISIS. He emphasized the continuous role of Iraqi security forces in carrying out their legal duties to maintain security and stability within Iraq.

The conversation shed light on the delicate task of balancing Iraq’s relations with both America and Iran, especially amidst the Gaza war. It underscored the potential impact on Iraq’s security and economic survival and the role of Shiite militias in the country. The efforts of the Iraqi government to prevent escalation and maintain a balancing act between the US and Iran were also highlighted.

https://bnn.network/world/us/iraqs-prime-minister-discusses-bilateral-relations-and-gaza-tragedy-with-u-s-ambassador/

Al-Sudani reaffirms commitment to protect diplomatic missions in Iraq, 20 NOV

 Al-Sudani reaffirms commitment to protect diplomatic missions in Iraq

Shafaq News / Iraqi Prime Minister, Mohammed Shia al-Sudani, reiterated on Monday evening to the U.S. Ambassador to Iraq, Alina Romanowski, Iraq's commitment to safeguarding diplomatic missions in Baghdad.

A statement from al-Sudani's office indicated that the meeting discussed bilateral relations between the two countries and addressed issues of mutual cooperation in various fields. Additionally, the meeting saw discussions on cooperation between the Central Bank of Iraq and the U.S. Treasury, with several agenda items to be discussed in their upcoming meeting next week.

The meeting touched upon the tragic events unfolding in Gaza, highlighting the genocidal crimes targeting innocent civilians by the occupying authorities. Al-Sudani emphasized the magnitude of severe violations of Palestinian rights and the exacerbation of the humanitarian situation.

The Iraqi Prime Minister affirmed Iraq's steadfast and principled stance on the Palestinian issue, emphasizing the imperative need to halt the aggressions committed by occupying forces. He called for the opening of safe passages to allow food and medical aid for civilians and to ensure Palestinians' rights to live in dignity and safety.

He also underscored Iraq's commitment to protecting diplomatic missions and the security advisors within the international coalition's mission against ISIS. The Prime Minister emphasized that Iraqi security apparatuses are diligently fulfilling their legal duties to maintain security and stability within Iraqi territories, as per the statement.

https://shafaq.com/en/Iraq-News/Al-Sudani-reaffirms-commitment-to-protect-diplomatic-missions-in-Iraq-3

Iraqi Dinar🔥Iraqi Economy Slient Revaluation Today 2023🔥iraqi dinar RV u...

"RV UPDATE" BY CLARE & SANDY INGRAM, 20 NOV

 Clare  

Article Written by: Baqir Jabr Al-Zubaidi - former Minister of Finance "The ongoing dollar crisis"  

Quote:  "The dollar crisis is a policy crisis of the continued American threat of sanctions, accompanied by the continued bleeding of the currency by private banks that are protected by some influential people, and this conflict is paid for by the citizen...Solutions exist, and during our tenure at the Ministry of Finance (2006-2010), we succeeded in increasing the value of the dinar from (1,500 dinars to the dollar to 1,170 dinars to the dollar). We were planning to reach (1,000 dinars to the dollar) and then raise the zeros so that the dinar was equal to the dollar."

Article:  "Private banks and exchange companies express their preparations to reduce the exchange rate"  

Quote:  "Private banks and exchange companies are showing great preparations, collectively and in coordination, to reduce the price of the dollar ”

Sandy Ingram  

 The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless.  It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange.  Most of these reserves are held in US dollars since it is the most traded currency in the world...

The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history...

CBI sells +$233 million in forex on Monday, 20 NOV

CBI sells +$233 million in forex on Monday

Shafaq News/ The Central Bank of Iraq (CBI) auctioned more than $233 million on Monday with remittances outweighing cash sales by a huge margin.

According to a correspondent from Shafaq News Agency, the CBI sold a total of $233,107,562, during today's auction. The bank covered these transactions at a base exchange rate of 1,305 dinars per dollar for documentary credits and international settlements of electronic cards, while the rate stood at 1,310 dinars per dollar for foreign transfers and cash transactions.

Our correspondent explained that the majority of the sales went to feed foreign balances in the form of transfers and credit transactions, amounting to $213,517,562. The remaining $19,590,000 were allocated for cash deals.

Cash deals were made by four banks, while 17 banks met the requests relevant to foreign balances. A total of 46 exchange and brokerage companies took part in the auction.

https://shafaq.com/en/Economy/CBI-sells-233-million-in-forex-on-Monday

 

Iraq's Prime Minister Accelerates Gas Import Platform Establishment for Energy Source Diversification, 20 NOV

 Iraq's Prime Minister Accelerates Gas Import Platform Establishment for Energy Source Diversification

Shafaq News/ On Monday, Iraqi Prime Minister Muhammad Shia Al-Sudani directed expediting the establishment of a platform for importing gas to diversify energy sources in Iraq.

During a meeting, Al-Sudani discussed with officials the establishment of a fixed platform for processing imported gas in Al-Faw Port, deemed a crucial strategic project for Iraq. This initiative aims to contribute to the diversification of the country's gas sources fueling power stations. 

Prime Minister Al-Sudani issued instructions for forming a specialized committee to prepare a comprehensive vision to be presented within two weeks, advancing the critical platform project.

Emphasizing the government's commitment to diversifying energy sources, Al-Sudani underscored the adoption of radical strategic solutions. These measures are geared towards optimal natural and associated gas utilization, aligning with the government's initiatives to achieve gas self-sufficiency in the coming years. 

A fixed platform for processing imported gas in Al-Faw Port is a critical infrastructure project that will help ensure a reliable electricity supply to Iraq. The platform will be able to process up to 1 billion cubic feet of gas daily, which is enough to meet the needs of approximately 5 million homes. It will also be able to store up to 120 million cubic feet of gas, providing a buffer against supply disruptions.

The project is expected to take approximately three years to complete. The Iraqi government has already allocated $1.5 billion for the project, which is expected to be financed by public and private funds.

The platform will be located in the southern Iraqi port of Al-Faw, which is located on the Persian Gulf. Al-Faw is a strategic location for the project, as it is close to the gas source and the electricity grid.

https://shafaq.com/en/Economy/Iraq-s-Prime-Minister-Accelerates-Gas-Import-Platform-Establishment-for-Energy-Source-Diversification