DINAR REVALUATION

Sunday, January 7, 2024

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The Iraqi President calls for following up on the decisions of the Article 140 Committee and restoring the rights to their owners, 7 JAN

The Iraqi President calls for following up on the decisions of the Article 140 Committee and restoring the rights to their owners, 7 JAN

Shafaq News/ Iraqi President Abdul Latif Jamal Rashid called today, Sunday, for following up on the decisions of the Article (140) Committee, restoring rights to their owners, and addressing demographic changes.

This came during his reception at Baghdad Palace, Minister of Justice Khaled Shawani, Minister of Environment Nizar Muhammad Saeed Aamidi, and in the presence of member of the Supreme Committee for Implementation of Article (140) Abu Bakr Siddiq, and a number of officials.

During the meeting, the security and political situation in the country, the city of Kirkuk and the disputed areas in particular were discussed, in addition to the relationship between the federal government and the Kurdistan Region.

Rashid stressed the importance of preserving the achievements achieved in establishing security and stability, improving the standard of living of citizens, enhancing national unity and achieving social justice.

The Iraqi President was briefed on the work of the Supreme Committee for Article 140 of the Constitution, and the President of the Republic stressed, in this regard, the necessity of following up on the activation of the committee’s decisions through joint work with government institutions in a way that ensures the preservation of the rights of citizens and components in Kirkuk.

He stressed the importance of finding solutions to the outstanding problems in Kirkuk and the disputed areas through the application of the law, dialogue and mutual understanding in light of the political consensus between the political forces.

The results of the provincial council elections were also reviewed and the good participation rates achieved by Kirkuk Governorate, where the President stressed the need to accelerate the formation of the local administration for Kirkuk Governorate in order to fulfill its responsibilities and resolve the problems in the governorate and the disputed areas in a way that ensures the return of rights to their owners, justice for those affected, and addressing the effects of the conflict. The unjust decisions of the dissolved Revolutionary Command Council issued with the aim of demographic change.

The Ministers of Justice and Environment expressed their appreciation for President Rachid’s efforts to implement the decisions of the Constitutional Article 140 Committee, which serve to resolve all outstanding issues in accordance with the law and consensus between the political blocs.

Member of the Supreme Committee for the Implementation of Article (140), Abu Bakr Siddiq, presented a review of the work of the Committee for the Implementation of Article (140) of the Constitution, what has been accomplished and the obstacles facing the completion of its work, in addition to a number of proposals to support its work and perform its tasks.

shafaq.com

"RV UPDATE" BY BRUCE, 7 JAN

Bruce

[via WiserNow] Now we're getting a couple of different things from three different Intel sources. Two of them are pretty much lining up with this can go any time between now and Monday...our final source that we heard from...was saying that...all releases Start this weekend...I think that's good news. And these are pretty top sources too that’s giving this information...

Now, the bank screens...are going solid rates on front and back screens and are showing on our redemption center screens - on the back screen, solid - but the front screens are still flashing ...

Now, what's interesting about that is that the theory is that when those front screens stop blinking and go solid on these rates, that it would be “go time” - that we would get the green light. So I have a feeling they'll be blinking up until the Treasury says go...

...Iraq has already been doing exchanges at their new rate in the country of Iraq. They were told that on the first...of January, the USD or Fiat dollar is dead. It is no longer usable – it’s gone - they want them to completely transition to the new lower denominations of the Iraqi dinar and those are in the ATMs. They're in banks and in shops in Iraq. They're in the businesses and shops.

Responding to Nadar and the answers to the 12 /1 exchange rate 01/06/24 BY PIMPY

Al-Fateh: Options are available to expel American forces from Iraq, 7 JAN

Al-Fateh: Options are available to expel American forces from Iraq

Baghdad…
Representative of the Al-Fatah Alliance, Karim Aliwi, confirmed on Sunday that all options are available to expel American forces from Iraq, through peaceful diplomatic measures or through the use of force to ensure that no American soldier remains inside Iraq.

Aliwi told Al-Maalouma, “The government has the authority to remove American forces from Iraq, especially since these forces have begun committing criminal acts inside Baghdad, and they must be confronted and expelled from the country.”

He added, “There is an urgent need to put pressure on the invading American forces and take all peaceful measures and methods or force against these forces to ensure their expulsion from Iraq, after they went too far and transgressed against the Iraqi people and national symbols.”

He stated that “the American forces do not have any loyal orders to remain on Iraqi soil, which necessitates unifying the position and using diplomatic and combat methods to expel these forces from Iraq and ensure that they do not return again to Iraqi lands.”

almaalomah.me

"RV UPDATE" BY SANDY INGRAM, 7 JAN

Sandy Ingram

What will it take for the Iraqi dinar to strengthen against the US dollar?

Imagine a country as a business. The Gross Domestic Product (GDP) is essentially its annual report showcasing the value of all goods and services produced.

A high GDP indicates a booming economy...The currency rate on the other hand is a bit like a company's share price. It's the global market's way of saying how much it thinks that...country is worth.

The stronger the currency, the more confidence the world has in the country's economic stability and growth potential. How does a GDP affect a country's currency rate?

Simply, a higher GDP signals a stronger, productive economy. This attracts foreign investors, who need to buy the country's currency to invest. This surge in demand for the currency increases its value, or 'rate'...A rise in Iraq's GDP implies a healthier economy and a potential increase in the dinars value.