Pentagon denies plans to withdraw troops from Iraq, 9 JAN

Pentagon denies plans to withdraw troops from Iraq

Shafaq News/ The Pentagon announced on Monday that the United States does not intend to pull out its troops from Iraq, despite last week’s announcement by Baghdad about starting a process of removing the U.S.-led military Coalition in the country.

There are about 2,500 US troops currently in Iraq.

Maj. Gen Patrick S Ryder, the U.S. Department of Defense Press Secretary, said, “Right now I don’t know anything regarding such particular plans. Our main focus is still on defeating ISIS mission.”

Ryder pointed out that Iraq did not send any official request to the United States regarding a decision to withdraw the U.S. troops.

Tension escalated between Baghdad and Washington after recent U.S. attacks on Popular Mobilization Forces headquarters, leading to The death of PMF officials, including the leader of the Al-Nujaba Movement, Abu Taqwa.

The Iraqi government blasted the incidents, saying that they breached the U.S.-Iraq understanding and the main mission of the Global Coalition.

Several Iraqi politicians, especially Shiite leaders, have repeated demands to implement a decision by the parliament of Iraq regarding the withdrawal of all foreign forces from the country.

It is noteworthy that the US-led Coalition is present in Iraq upon the request of the Iraqi authorities for training and advisory tasks.

https://shafaq.com/en/Iraq-News/Pentagon-denies-plans-to-withdraw-troops-from-Iraq

"RV UPDATE" BY CLARE, 9 JAN

 Clare 

 Article:   "An Iraqi delegation heads to Washington within days, followed by a visit to Sudan"  Quote:   "Iraqi delegation will head to Washington within days, followed by a visit by Prime Minister Muhammad Shiaa Al-Sudani."

 Article: "Selling an Iraqi currency dating back to the era of “King Ghazi” for 100 thousand pounds sterling"  Quote:  "A very rare Iraqi currency dating back to the royal era was sold in the country, today, Monday, at a fantastic price of 100,000 pounds sterling, or approximately 187 million Iraqi dinars."

 Article: "Expectations that the decline in dollar prices will bring benefits to the Iraqi individual "  Quote:  "In order to reduce the price of the dollar in the local market, the Central Bank of Iraq specified, yesterday, Sunday, the entities covered by receiving their external transfers in cash in the dollar currency, starting from January 2, 2024."

 Article:  "A financial expert points out the reasons for the continuous decline in the dollar exchange rate"   Quote:  "On Monday, financial expert Nabil Al-Ali attributed the continued decline in the exchange rate of the US dollar towards the Iraqi dinar to...the change in the attitudes of merchants and public opinion through their conviction of the strength and status of the dinar...The dollar exchange rates against the Iraqi dinar will continue to decline, thus touching the official rate specified by the Central Bank."

Article: "The Iraqi Dinar Overthrows The Dollar And Wins The Struggle To Control The Regular Market”  Quote  “The US Treasury continues its cooperation with the Central Bank of Iraq,as many Iraqi banks have now formed relationships with  international banks for the first time.”   

  Article:  " CBI Governor: Int'l welcome to the Iraqi banking sector’s commitment to compliance rules "  Quote:  " For the first time, Iraq is witnessing the reorganization of the external transfer process through correspondent banks, instead of the Central Bank or the Federal Bank being the executive interface for this process.”

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-clare-23-dec_01992421810.html

  Article:  "CBI Governor: Int'l welcome to the Iraqi banking sector’s commitment to compliance rules"  Quote:  "For the first time, Iraq is witnessing the reorganization of the external transfer process through correspondent banks, instead of the Central Bank or the Federal Bank being the executive interface for this process.”

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-clare-23-dec_01992421810.html

Vietnam Dong 🔥 Vietnam Dong rate update against USA dollar 🔥 Dong rate s...

Economist: Iraq Needs 4 Million Electronic Payment Devices, And What The Government Provided Does Not Exceed 25 Thousand Devices, 9 JAN

 Economist: Iraq Needs 4 Million Electronic Payment Devices, And What The Government Provided Does Not Exceed 25 Thousand Devices

The economic expert, Mustafa Hantoush, described the government’s steps to provide electronic payment devices as successful, indicating that the number is small and needs encouraging measures, especially for shop owners.

The Iraqi government had set June 1, 2023, as the date to activate the electronic payment process “because of its high level of protection and security, its shortening of time and effort, and its contribution to revitalizing the economy,” according to the directives of Prime Minister Muhammad Shiaa Al-Sudani.

The directive stated that the Iraqi Council of Ministers approved the recommendation of the Council of Ministers for the Economy to activate the electronic payment service in the public and private sectors, including obligating all centers and shops of all kinds, restaurants, pharmacies, private medical clinics, warehouses, and all wholesale and retail marketing outlets and licensed services that require payment in their favor within the limits of the Baghdad Municipality.

And the centers of governorates and districts throughout Iraq, opening bank accounts and providing point-of-sale devices for electronic payment ( POS ) to pay by bank cards to collect money and to enable those who wish to pay with cards, while maintaining cash receipts side by side, with linking the renewal of work licenses and granting vacations. Practicing the profession through the availability of these devices.

Hantoush said in a press interview seen by “Taqaddam” that “the government has succeeded in providing POS devices currently deployed, numbering 23 thousand devices,” pointing out that “the number is very small, and we need approximately 1 million devices for this service to be available in every street.” If they are provided to all shops, we will need approximately 3 to 4 million devices throughout Iraq.”

He added, “We must give licenses to new companies that work to provide devices and cards, and there must be strategies to win over shop owners, and provide them with accounts that can be converted into dollars and operations,” pointing out “the necessity of giving the citizen free service for a period of no less than six months to a year, and There should be interest on savings that remain for a specific period.”

The economic expert called for “using a pricing policy in this process,” noting that “the government has taken a significant set of measures that require more seriousness in order to spread this very important culture that serves the state.”    https://takadum-news.com/archives/198446#hathalyoum

"RV UPDATE" BY MNT GOAT, 9 JAN

 MNT GOAT

Personally I believe we will not get out of January without seeing the project to delete the zeros and my CBI contact on my Wednesday call to Iraq gave me assurances that this could be the case. Keep our fingers crossed nothing else interferes in the process.

So, recently we read articles from Iraq about attacks on US bases in Iraqw by the Popular Mobilization Forces, which is really the Iranian kud forces militia that never left Iraq after the ISIS crisis. I told everyone way back in 2014 that if Iraq lets them in the country to help fight ISIS they will sink their teeth in Iraq and won’t want t leave. Iran needs the US forces to leave Iraq and as we witnessed in 2011 under president Obama that this may not be such a good idea. Who will fill the void. The plan is for the Popular Mobilization Forces to fill the void. My only hope is that we can see the Reinstatement much sooner than later and if this get out of control we will already be out of this investment.

I also asked my contact on Wednesday what was really holding up the Oil and Gas law. What I was told is that the government is attempting to get off the petro-dollar and accept the foreign currencies of the country purchasing the oil. They want to build this into the law. Can you see now why this is taking so long and why it is getting opposed by the US?

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

Iraqi Dinar | Today massive update on Iraqi Dinar new exchange rates | I...

A meeting in Parliament tomorrow to set a date for the session to elect Al-Halbousi’s replacement, 9 JAN

A meeting in Parliament tomorrow to set a date for the session to elect Al-Halbousi’s replacement

Shafaq News/ An informed source revealed, on Monday, a meeting scheduled to be held tomorrow regarding the date of electing a new Speaker of the House of Representatives to succeed Muhammad Al-Halbousi.

The source explained to Shafaq News Agency, “The heads of the parliamentary blocs will hold a meeting tomorrow, Tuesday, in the Parliament building in the presence of the Presidency of the House of Representatives in order to agree on setting the date for holding the session to elect the new Speaker of Parliament.”

On Tuesday, November 14, 2023, the Federal Supreme Court, “the highest judicial authority in Iraq,” announced the termination of the membership of Parliament Speaker Muhammad Al-Halbousi, against the backdrop of a lawsuit filed against him by Representative Laith Al-Dulaimi, in which he accused him of forging his (Al-Dulaimi’s) resignation from membership in the House of Representatives. As a result, the Federal Court ruled to terminate their membership (Al-Halbousi and Al-Dulaimi).

shafaq.com