On Tues. 16 Jan. we move to the final rule stage of Basel 3 compliance in our banking system. At this time, final guidance will be given on Capital requirements held in the banking system in terms of gold and other assets to support it. For the first time in 45 years, US Treasuries have more of a downturn volatility risk potential than gold.
American politicians: The United States may seize Iraq’s funds if it withdraws its forces, 16 JAN
Information/translation… A report by the American Century Institute website confirmed that although the numbers have decreased significantly from a peak of about 130,000 soldiers during the American invasion of Iraq in 2003, there are still about 2,500 American soldiers stationed in Iraq and they are mostly there as part of the coalition. The international presence under the pretext of fighting ISIS.
The report, translated by the “Al-Ma’louma” Agency, stated that “demands to remove American forces from Iraq escalated after the assassination of General Qassem Soleimani and the Deputy Head of the Popular Mobilization Forces, Abu Mahdi Al-Muhandis, near Baghdad Airport, and the demands increased due to the American position in the war in Gaza and the United States’ support for the Israeli aggression.” On the Palestinian people.”
Political analyst Sajjad Jiyad said, “If we are really honest, the discussion about the American presence has moved from the anti-ISIS mission,” adding, “Iraq does not need the same amount of support that it needed in the past, and the Iraqis have sufficient capabilities to prevent ISIS from relaunching.” A widespread insurgency, but the United States sees Iraq as a place from which it can confront so-called Iranian influence, and its bases in the country serve American strategic purposes. ”
The report stated, “The United States made clear that it wanted to remain in Iraq, while Jiyad explained that if they were to leave permanently, or if they were forced to leave, the Americans indicated that this might change things for the worse.”
Jiyad stated, “Forcing American forces to leave may cause problems, including the threat of sanctions, the possibility of detaining billions of Iraqi foreign reserves currently in the United States, and stopping military cooperation in the field of armaments.”
Jiyad concluded his speech by saying, “I think that the Iraqi government is in a very difficult situation at the present time and may want to negotiate a way out of this situation because it depends only on the seriousness of the events on the ground.”
[via PDK] There is a lot of expectations in the banking world because it’s a 3 day weekend...there is a lot of “pie in the sky” stuff being talked about …but is it verifiable? ... What is verifiable is they (Iraq) are in a mad dash to get dinar out of circulation to reduce the money supply and support a higher value. We can also verify they are taking strategic, solid steps to increase the value of the dinar opposed to the US dollar.
[via PDK] There is a lot of good news coming out of Iraq… Lots of good group chatter...There is all kinds of exciting rumors.
“Sudani: We are proceeding in the wheel of reconstruction and construction despite the challenges facing us” Sudani says they are meeting and fulfilling their promises to the Iraqi people. Part of the wheel of reconstruction is the Monetary reform and the White Papers and making the dinar stronger and more valuable.
The news continues to be great…Things look great and I’m not hearing anything negative...We just have to wait and see what is real …We are getting so many things thrown at us…we don’t know yet what is accurate... Most groups are looking for over the weekend or first of next week…let’s see what happens
”Here is a great article written last August..”The Kuwaiti Dinar: A closer look at the world’s strongest currency” this talks about the history of the Kuwait dinar and why it is so valued…They have many of the same things going for it that Iraq now has. What does that tell us? The Iraqi dinar should be worth the same or higher…imo
[via PDK] There is a lot of good news coming out of Iraq… Lots of good group chatter...There is all kinds of exciting rumors.
[via PDK] “Sudani: We are proceeding in the wheel of reconstruction and construction despite the challenges facing us” Sudani says they are meeting and fulfilling their promises to the Iraqi people. Part of the wheel of reconstruction is the Monetary reform and the White Papers and making the dinar stronger and more valuable.
The news continues to be great…Things look great and I’m not hearing anything negative...We just have to wait and see what is real …We are getting so many things thrown at us…we don’t know yet what is accurate... Most groups are looking for over the weekend or first of next week…let’s see what happens.
”Here is a great article written last August..”The Kuwaiti Dinar: A closer look at the world’s strongest currency” this talks about the history of the Kuwait dinar and why it is so valued…They have many of the same things going for it that Iraq now has. What does that tell us? The Iraqi dinar should be worth the same or higher…imo
Iraq is preparing for a major change in the file of trade with the countries of the world and is preparing to exceed the limits set for Iraqi goods, with its return to the World Trade Organization 14 years after it was expelled as a result of its failure to adhere to the organization’s meetings. The head of the Kingdom of Saudi Arabia’s mission to the World Trade Organization/the Saudi Permanent Representative to the World Trade Organization and responsible for the file of Iraq’s accession to the World Trade Organization, Saqr al-Muqbel, visited Iraq today, Monday, and delivered a speech in which he reviewed the importance of joining the World Trade Organization.
Al-Muqbil said in a press conference followed by Al-Iqtisad News, “I find Iraq’s accession to be a serious message from Iraq to the whole world, that Iraq is continuing its path of engagement with the whole world,” adding: “I find myself among my loved ones and brothers to do everything we have for your participation.” “The Kingdom’s successful experience in joining the World Trade Organization.”
He explained, “The Kingdom joined the World Trade Organization in 2005, and our non-oil merchandise exports amounted to about 18 billion dollars, and exports have now reached 84 billion dollars with the world,” noting that “the Kingdom’s service exports alone amounted to about 11 billion dollars in 2005 and have now reached more than 34 billion dollars.
He pointed out that “these achievements depend on Iraq’s signals to join and accelerate its pace to find Iraq in its usual position and as one of the largest economies in the Arab region and the Middle East.”
For his part, the Iraqi Minister of Commerce, Atheer Al-Ghurairi, said, “Iraq is taking steps to return as a strong economic player by opening relations with Arab countries and all countries of the world,” noting that “today, within a year, we were able to finalize three files and submit them to the committee related to Iraq’s accession to the World Trade Organization.” global trade in goods and services.
He stated that “Iraq joined as an observer in the World Trade Organization in 2004, and in 2009 Iraq stopped meetings and reached the point of being removed from the organization, and last year 2023, through continuous work on that and with the help of Saudi Arabia and the head of the Saudi mission in the organization, Iraq returned as an observer to the organization.” Global trade, and we accomplished in one year the equivalent of more than 15 years’ work.”
Regarding the benefit of joining, Al-Ghurairi explained, “It means that the Iraqi economy enjoys any specifications enjoyed by world economies, but this does not replace the necessity of internal reform.”
He stated that “opening the doors to Iraqi goods and trade exchange through global controls will protect Iraq from entering the global market with its weight in the event that it fulfills its requirements and that our production is international and not local,” noting that “Iraqi goods are now not allowed to go outside certain borders, and joining is possible.” To reach the farthest country in the world.” https://economy-news.net/content.php?id=39453
We told you we're going to switch from dollars to dinar and that happened...They talked about it yesterday and I'm really excited about it. Today they're talking about again about the market and how it's excellent...It's going up slowly. Listen, it's a lot of steps to do. They're working on it. Everyday it's a new step and that's really good. I'm excited about it. I hope everybody getting excited. Don't get too excited though. Keep grounded.
It's going to be $3.50 to 1 and it's going to play about Forex between $3.50 and $4.50. It's true what I tell you. I'm not playing around.
Many people sending me things, things about 2026. I don't think they're going to wait till 2026. I don't think whoever explained you this, he read it wrong...If it start to float it's going to go quick. We just need to float it...If they did like they said and took off the dollar from the market, from the streets, things going to go quick...I agree with them that it's going to go up gradually but it's not going to take two or three years to reach 1 to 1...
Question: "Is the rate and the [lower] currency gonna come out together?" I think yes. This is why I think yes. First, because they cannot change an exchange rate with a big numbers [rate] and Second, they cannot change a [lower] currency with the small exchange rate...If you change, you've gotta change both. If you take the 3-zeros from the currency, you're gonna have to take the 3-zeros out of the exchange rate in the same time. That's what I think.
Happy New Year, best wishes and all that stuff...A lot of people are sending me messages going like do you see any changes? ...I don't know why you're asking me that. What you guys heard? Who told you anything? Some people wrote me tonight at midnight the currency will be launched. Some people said their new rate will come out tonight at midnight ...I didn't see anything like that. They didn't say they're going to change the rate tonight. They didn't say they're coming out with currency tonight... They'll never tell you they're coming out with it...I'm not expecting anything tonight...