Thursday, January 18, 2024
JPMorgan Sudanese: Ready To Open Accounts For 3 Private Iraqi Banks, 18 JAN
JPMorgan Sudanese: Ready To Open Accounts For 3 Private Iraqi Banks
Earth News / Prime Minister Mohamed Shia Al-Sudani met in Davos, JPMorgan’s Regional CEO for the Middle East and North Africa, Mr. Khalid Hoballah.
The meeting witnessed in a statement for his media office, Earth News, discussed the prospects of cooperation in the financial fields, and the opening of accounts for Iraqi banks, as well as the possibility of the bank’s participation in the government’s efforts to adopt electronic payment applications in Iraqi markets.
They also discussed “coordinating technical efforts between the Central Bank of Iraq and JPMorgan in establishing ideas related to the trading of digital currencies for central banks.”
The Sudanese pointed to “Iraq’s aspiration towards the bank’s cooperation with the Iraq Fund for Development, and the financing it targets to finance private sector projects in Iraq, stressing Iraq’s move with the steps of financial and banking reform, and to help develop this vital sector.”
For his part, Khaled Hepballah expressed the readiness of JPMorgan Bank to strengthen cooperation with Iraq as a government, with the Central Bank of Iraq, and the Iraqi banking sector, stressing the bank’s direction, as a first stage, to open accounts for three private Iraqi banks.
"ANALYSIS OF NEWS OF IRAQ" BY FRANK26, 18 JAN
Frank26
Beside Sudani and Alaq, the only two we listen to, I want you to add Barzani. As time goes by you'll understand why. Barzani is working very nicely with Sudani, Baghdad, the GOI...We're adding Barzani to the group. Sudani and Alaq are explaing the monetary reward to the Iraqi citizens, so is Barzani.
Notice articles this week are focusing on the monetary reform education, which is about the currency, lower denoms, new exchange rate, accounting, banking reform, everything. It's all being unloaded onto the citizens of Iraq...Let's be fair, they're just getting started. Let's see what happens this quarter..
Article: " Instructions and standards for the circulation and exchange of banknotes and counting and sorting mechanisms"
FINALLY... WHAT WE CALLED THE 2ND ARTICLE FOR THE CBI TO THE IRAQI CITIZENS!
Question: "Is [Firefly boots on the ground in Iraq] optimistic or frustrated?"
Both. He's optimistic because he knows what Sudani and the CBI have been telling the citizens of Iraq...Because he can go into a bank in Iraq now and ask questions and they will answer them point blank.
But he's also frustrated because how much longer? We're talking about going into...January already. This thing should have happened at the beginning of the year. What's the hold up? Why are we waiting?
Baghdad and Erbil conclude a new agreement to resume the export of Kurdistan region oil, 18 JAN
Baghdad and Erbil conclude a new agreement to resume the export of Kurdistan region oil
Economy News – Baghdad
On Wednesday, Foreign Minister Fuad Hussein revealed the conclusion of a new agreement between Baghdad and Erbil to resume the export of Kurdistan region oil.
Hussein confirmed during his participation in the Davos Global Forum in Switzerland, “The matter was related to the Iraqi government and the Kurdistan Regional Government, but two days ago the two sides signed an agreement on how to deal with the oil problem.”
He added: “I believe, and I hope, that we will resume exporting Kurdistan region’s oil to the port of Ceyhan soon.”
Added 01/17/2024 – 6:27 PM
"ANALYSIS OF IRAQ NEWS" BY MARKZ, 18 JAN
MarkZ
[via PDK] In Iraq: “Al Sudani discusses with JP Morgan the opening of accounts with Iraqi banks.” This is a worldwide thing and to me this means international.
Article: “Al Sudani arrives in Davos to push the “Development and Road Agenda” He is pushing to be international in world trade."NOW IS THE TIME" BY MNT GOAT, 18 JAN
MNT GOAT
All of these rumors are just from idiots trying to get you on their calls or sites to make money from their sponsors. So, if you are a Mnt Goat fan you are much, much more informed and ahead in your knowledge of what is actually taking place than what these other bozos tell you. Please don’t doubt yourself and believe all this other nonsense.
So, how long will us investors in the IQD have to wait before Iraq is allowed to liberate its own currency? Why do I say “now is the time”?
- We know they are completely out of Chapter VII sanctions since December 2022, and so why not treat them as such?
- We know they want the Iraq funds (nearly USD 115+ billion) released from the NY banks and put in their custody to do what they want with it. They are tired of being bullied by the U.S. with their own money.
- We know they have plans for yet more Sovereign Funds to invest their reserves.
- We know they are making agreements now for “currency swaps” for trade with Iran, China, Turkey, Kuwait, Emirates, and many EU countries as Iraq will no longer be using any US dollars in Iraq as of January 1st 2024.
- We know that the IMF is now working on the final stages of pulling together agreements to build a new basket of six (6) currencies to re-peg the IQD.
- More pressure from Iraqi economics advisors to the government to use a “basket” of currencies for the new dinar peg. This is the IMF plan of 2011 all along.
- We know since January they have undertaken a massive “de-dollarization” program and told it should have taken 6 years but they decided to do it in 1 year (2023). Why such a hurry?
- We know the value of the IQD right now does exceed even pre-1991 era but still at 1/6 of a penny for a rate? The value won’t go up, its already there. Get it? Why is it being suppressed? Iraq needs to see a rate reflecting the TRUE VALUE. What is holding it back?
- We know Iraq now pumps 2/3 more oil than in pre-1991 era.
- Iraq also has announced 132+ tons of GOLD reserves.
- We know they are pushing this year alone, more than any other year since 2005, for the passing of Oil and Gas law. Why?
- We know for a FACT that it is the U.S. through the Treasury Dept. direction that will NOT give sign-off to allow the reinstatement. Why?
- Finally, the CBI has told us many times already that January is the most opportune time to reinstate for accounting purposes, since it begins their new FISCAL year (for accounting purposes).
- Imminent World Trade Organization full accession
Just be patient, the reinstatement is coming and I firmly believe from what we now know there is a very strong likelihood we NOT are going to be at the banks in early 2024 but there is still strong hope for early part of the new year. There is no guarantees and so no one really knows a date when the event will occur. Let’s just follow the FACTS and see where they lead us…okay? Iraq is full of surprises and so anything is possible.
Please decide to help out financially to keep the Mnt Goat Newsletter alive!
It is appreciation day…
Enough said… more to come….
Hope to post the full Newsletter soon!
God Bless,
Auf Wiedersehen
Much love to ya all,
Mnt Goat
TIDBIT FROM NADER FROM MID EAST, 23 NOV
Nader From The Mid East We will not go more than $4 so don't waste your time and ask question about $16, $8, $11 and $12. Don&#...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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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...