What did we say they were going to do on the 15th?
Go international.
Do you think they did?
Yeah. It's not for me to prove it to you, it's for them to show it to you. But let them show it to the citizens first.
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...
Information/follow up.. Egyptian media reported a major shift by countries including Russia, China, India, Brazil, Iran, Indonesia, Egypt and Turkey towards abandoning the dollar.
According to the “Sada El Balad” website, the Egyptian state is reducing its dependence on the US dollar as a major currency for imports and exchanging local currencies with international trading partners, such as Russia, China, India and Turkey.
According to the latest statistics from the Chinese Embassy on the volume of investments between Egypt and China, the volume of Chinese investments in Egypt has increased from 500 million dollars to 1.5 billion dollars, with the increase rate exceeding 100% over the past ten years. The volume of trade exchange between China and Egypt has also increased from 10. Billions to $20 billion in the same period.
In this regard, economic expert Ahmed Moati said that the world became aware of the existence of a crisis because of the United States of America and because of the dollar, so it abandoned it in trade exchange between countries.
Moati pointed out in statements to the “Sada El Balad” website that there have been attempts led by Russia and China for some time to drop the role of the US dollar in global trade, and the reason is due to the two countries’ desire to weaken the United States’ hegemony in the world.
He continued: In the coming period, we will see countries relying on other currencies instead of the US dollar.
He explained that what is happening in terms of countries joining forces side by side constitutes a concern for the dollar, especially if the BRICS countries agree to such bilateral agreements regarding intra-regional trade.
It is worth noting that the BRICS group began abandoning the dollar in global trade transactions.
Many countries have moved to break the dominance of the American currency over global commercial transactions. There are international agreements between many countries to start trade exchange in the local currencies of those countries, as China and Brazil agreed to exchange their local currencies instead of using the dollar, and the volume of trade exchange between the two countries amounts to 150 billion dollars. .
Also, 90 percent of the trade exchange between Russia and China is conducted in rubles and yuan, amounting to more than 260 billion dollars, in addition to an agreement with a number of their trading partners around the world to exchange trade in the local currencies of these countries.
Russia and Iran also agreed to develop a cryptocurrency backed by gold as an alternative to the dollar, in addition to another agreement between Russia and India to abandon the dollar in intra-regional trade, not to mention that the Russian ruble has become the main currency within the countries of the Commonwealth of Independent States.
I've had people say can you make an argument for the $3.22 rate? Yep. Can you make an argument for the $1.17 rate. Yep I can. I can make an argument for all these different rates easily but there's a difference between making an argument for what you want versus the reality of things of what's going to happen.
This was a concern, Iraq was definitely on the right track but it appears that at no fault of their own their country is being bombed by two different nations [Iran and Turkey]. Let's just hope whatever is going on it gets over with quickly so that Iraq can get back on track...
If I'm being honest I'm expecting a small increase in the exchange rate in this budget. I told you in the first quarter of this year I was expecting it. But the last thing you need is all these headaches with bombings in Iraq and all the crap that's going on all the way around them...
[via PDK] Militia Man: Last July Al Alaq said the “Drop the 3 zero” project still exists. Not a lop…. They are going to add value to the dinar and adjust the exchange rate... A good thing is Sudani keeps warning the citizens that the dinar is going to be stronger then the dollar…he said it more than once.
MarkZ: Iraq is positioned well for the world wide economy...
Militia Man: Iraq is going to be a very wealthy country.
Article: “Iraq recalls ambassador from Iran after missile strikes-Ministry”
MarkZ: This is concerning while we watch what is going on in the middle east. There were missile strikes launched from Iran to the Kurdish region of Iraq.
Question: Do you think the attacks on our embassy…in Erbil, Kurdistan will hinder/delay the RV?
MarkZ: To me this doesn’t change what’s going on economically…and if anything may put the pressure on to move things faster.
Militia Man: Iran is in a pinch…their cash cow is going away. Stopping the graft at the Iraq border will stop their ability to do the money laundering and smuggling through customs. So, imo this attack is blow back….
Shafaq News/ Prime Minister Muhammad Shiaa Al-Sudani expressed, on Thursday, his optimism about the general economic situation in Iraq during the next twenty years.
This came in statements he made during the dialogue session within the work of the Davos Economic Forum held in Switzerland.
He was asked about his vision of the Iraqi economic future during the next twenty years, and he replied: Yes, Iraq will be completely different for the better.
He added that Iraq is moving at a steady pace, and I believe it benefits from the support of the people of all its components and sects, and this is the source of its strength until now,” stressing, “We build our plans and programs in the spirit of partnership, understanding and consensus among the people and through its constitutional institutions we create a new economic vision, and we are facing a new Iraq economically.”
Through various activities and projects, we invest in the natural materials we have, and we invest in the heritage and civilization that we carry, enabling us to move with confidence towards a better future in a strong, united, independent, and stable Iraq.”
On a parallel level, Al-Sudani met with the Director General of the International Monetary Fund, Ms. Kristalina Georgieva, on the sidelines of his participation in the Davos Economic Forum held in Switzerland.
The Sudanese media office stated in a statement that, during the meeting, financial cooperation relations between Iraq and the International Monetary Fund were discussed, within the framework of supporting the development path in Iraq.
Al-Sudani referred to the government’s plans in the field of economic and financial reform, as a gateway and basis for all the reforms that the government plans in all vital sectors.
In turn, Georgieva welcomed Iraq’s accession to a non-financing program to support economic reforms, as meetings with the Fund will begin next month to implement this program.
She also praised the steps taken by the government in the field of the financial and banking system, and improving the business and investment environment, expressing its understanding of Iraq’s uniqueness and the challenges it faces.