Wednesday, December 27, 2023
"RV UPDATE" BY MILITIAMAN, 27 DEC
Militia Man
Iraq is going to go international. We don't have very long time to wait as far as what they are telling us. If they throw us a curve ball and we find out something different, don't shoot the messenger...I hope you have a Happy New Year and I think we're going to be moving forward with some really positive information.
They've met their new international compliance requirements. The banks are facilitating currency movements and international trade going forward. Really this is a very good sign that what we've been dealing with and what we've been waiting for is knocking on the doorsteps. It is really good.
Keep positive. Keep upbeat. There's nothing bad as far as I can see at the moment. We'll see. Anything can happen. Anything can change..
What I've always said is it makes more sense for Iraq to have a managed float which is effectively a fixed exchange rate...1 to 1 or 2 to 1, 3 to 1, 4 to 1 whatever they decide to do it makes it easier the higher that exchange rate is to defend...Having a...3 years budget keeps it stable...pricing stays stable.
Anybody that says it's going to float to from a relatively low range to a high range over time they don't understand. Article quote: "The exchange rate will be fixed especially since it's been fixed in the federal budget law for 3 years says Saleh..." This is coming from the advisor. Don't talk about float. It just doesn't make sense to anybody.
Since November of last year they have been working to do what? Get rid of the parallel market. And how are they doing that? They're populating banks with many other currencies. They're doing all those things that are necessary to do what? Be article VIII compliant, to have a single currency, not a dual currency country. They're getting rid of multi-currency practices.
They're talking about reducing Iraq's dependence on oil. Dependence on oil is going to go away because they have non oil related products...services...and sectors . That's going to be from the taxes and tariffs at the borders, imports, exports, natural resources. They're going to have other than just oil. They're going to have other circumstances...They're talking about 350 million ton of sulfur...They're trying to achieve sustainability for the private sector..
Everybody knows Iraq is about to go International and they're going to have a digital transformation ...When they have this investment budget and they start spending...Iraq is going to be filthy rich with revenue streams from the electronic borders, agriculture, tourism... mining, sulfur, phosphates...they're going to have revenue like no other.
There isn't anything else like it, in my lifetime, that I can see is going to trump Iraq... Don't forget...Iraq has a massive amount of hydrogen for clean energy...nobody else is talking about it...The amount of money and revenue streams Iraq is going to have is almost incomprehensible...It really is intense on how much money these guys are going to make on a regular basis..
https://dinarevaluation.blogspot.com/2023/12/rv-update-by-militiaman-21-dec.html
https://dinarevaluation.blogspot.com/2023/12/rv-update-by-militiaman-22-dec.html
A political movement to cancel the strategic framework agreement between Baghdad and Washington, 27 DEC
A political movement to cancel the strategic framework agreement between Baghdad and Washington
Information / Baghdad…
The representative of the coordination framework, Ali Turki, revealed on Wednesday that there is a political movement to cancel the strategic framework agreement with the American side after Parliament resumes its sessions in the next few days, after the continued American attacks on the Iraqi security services.
Turki told Al-Maalouma, “Parliament held a session in the past few months to condemn the American attacks and all the indiscriminate bombing carried out by the occupier on the security services and the Popular Mobilization Forces.”
He added, “After Parliament resumes its sessions, it will witness a movement within the House of Representatives to cancel the strategic framework agreement signed between the Iraqi government and the American side in the recent period.”
He stated that “cancelling the agreement would distance the government from any justifications that would allow it to continue and work in accordance with the agreement signed between Baghdad and Washington, despite the government’s explicit announcement that there is no need for the presence of any foreign combat forces on Iraqi soil.”
almaalomah.me
"RV UPDATE" BY WALKINGSTICK, 27 DEC
Walkingstick
The whole de-dollarization phase the monetary reform is going through right now is in order to not use the American dollar any longer. This system was meant to be temporary. It was not meant to last 20 years...They have stability and security. These are the 2 factors we've been seeking. They tell you they have it. De-dollarizing is the last part before you introduce a new exchange rate and a new currency into a country...I should say de-foreign-currency-izing...A country should not have many currencies. It causes many problems
At what rate will the IQD go into the [Middle East] basket? I don't know...This is an RI. This is the reinstatement phase. The goal is to reinstate the value that the Iraqi dinar once was proud of...It's a reinstatement to get to the Real Effective Exchange Rate (REER) to a float. The key is to let them get to that number.
Article: " A government source reveals the Sudanese measures to reduce the dollar to its official price" IT IS BECAUSE THE IQD IS GOING UP IN VALUE AGAINST THE USD...NOT THE OTHER WAY AROUND!
A Noticeable Decline In The Dollar Exchange Rate Amid Anticipation In The Markets, 27 DEC
A Noticeable Decline In The Dollar Exchange Rate Amid Anticipation In The Markets
Economical 12/25/2023 Baghdad: Al-Sabah Dollar prices have decreased significantly in the past few days throughout Iraq, as the end of the current year approaches, with the market awaiting fear of its fluctuation or rise again.
While the Iraqi government believes that the decline in the price of the dollar was due to several reasons, including “the high capabilities of Iraq’s currency reserves,” the stock market, specifically in Sulaymaniyah, had another opinion as it warned of an increase in its price due to the New Year’s holiday.
The government’s comment came from Mazhar Muhammad Salih, the financial and economic advisor to Prime Minister Muhammad Shia al-Sudani, in which he said:
“Among the reasons for the decline in the dollar exchange rate in the parallel market are the high capabilities of Iraq’s foreign currency reserves and the good management of foreign trade financing during the last period.”
Saleh stated that “the parallel market is gradually approaching the official central market, due to the presence of regular foreign trade by the private sector through the compliance platform and the great flexibility that banks have shown in dealing with this platform for the purpose of securing transfers.”
He added, "The openness to transfer through various methods, including payment cards in all their forms, importing foreign cash currency into Iraq, and financing foreign trade in various currencies, and not limiting this transaction to the dollar only, led to a decrease in the dollar exchange rate in the parallel market as well." The financial and economic advisor to the Prime Minister continued,
“The monetary policy of the Central Bank is exercising its role precisely and positively and in accordance with short- and medium-term plans to maintain the stability of the national economy, and for this reason the exchange rate will continue to decline in the parallel market.” https://alsabaah.iq/89279-.html
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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...