Weekend News with MarkZ. 01/20/2024

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 20 JAN

 Frank26   

[Iraq boots-on-the-ground report] 

  FIREFLY: House of Representatives is talking today about what is needed in the final steps of the WTO.  We are part of it now.  They've told us this.  Iraq can perform global trades.  They're talking about this how it's needed for our monetary reform.

FIREFLY:  Television showing Sudani in Davos.  He's sitting right next to JP Morgan.  A representative on the news showing they are ready to open three more branches here in Iraq with private Iraqi banks ... 

 FRANK:  JP Morgan...knows what's going on and they know that a new exchange rate is coming.  The employees of Chase don't know anything but the Chief Executive Officer of Chase, Dimon obviously does know and is making an amazing statement in these articles...

https://dinarevaluation.blogspot.com/2024/01/iraq-boots-on-ground-report-by-firefly_01148081935.html

FIREFLY:  There are many reports coming out today from Sudani people indirectly through the CBI telling us the amount of corruption here in Iraq is still staggering.  They are finding ways to seal our currency... 

FRANK:  It is extremely hard for you guys to deal with your currency when...the currency you do have is being stolen.

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY,7 JAN

  Frank26 

  [Iraq boots-on-the-ground report]   

 FIREFLY: CBI on news saying they have taken measures and decisions on supporting the dinar and maintaining its value against other currencies in the world talking about how CBI fully supports and back dinar and how it will be holding its own against other currencies. Saying this will positively affect the exchange rate.   

FRANK:  I am excited that they are giving you deeper information about the monetary reform and how it’s going to add value to your currency and I love how they keep saying in the coming days let’s see what happens around 15 January.

  FIREFLY:  Financial expert on TV saying there will be changes to the value to the Iraqi dinar after the new year. 

  FRANK:   The CBI, without any fear, without pulling any punches back, they flat out tell you the beginning for next year your currency will have value added to it.  Of course, because you won't be able to use any other currency in your country. 

 Therefore the sanctioned, punished program, used toilet paper rate of your 3-zero notes is going away...You are about to be a powerful linchpin in the financial theater of this world.  Iraq is about to change as quickly as darkness turns into light.  Get ready, you are about to walk with elegance and grace once again.

FIREFLY:  The television is talking about how Iraq and a basket of currencies will help to reduce the dollar rate.  They are already talking about the yuan and rupee... The government is saying we aspire to end the parallel market dollar in the coming days.

FIREFLY: We have a special on TV and they say the Iraqi dinar wins the struggle against the dollar and wins control of the markets…

FRANK: The goal of the last few weeks has been to bring the market rate parallel with the dollar rate.  Remember the CBI can’t touch the dollar value but they can touch the value of your currency of the dinar… They have been victorious of reducing the value of their enemy foreign currency like the American dollar and all foreign currency in your country verses your national currency which is at 1310 right now.  But that rate is now in a position to change because of all the success of the monetary reform from the CBI and Sudani.     That’s all there is to it.

The black market rate will no longer be…The black market rate is the American dollar.   The CBI wants the official rate 1310 to match the dollar rate.  That means the currency of Iraq is too low…  Slowly we’re having a reciprocal effect where the dollar is going down and the dinar is going up…

Question:
“Can any country RV their currency whenever they want?”

Yeah but they have to go through the IMF.  That’s what the International Monetary Fund does – they regulate all the banks around the world and allow them to either increase, decrease, print new currency, destroy their currency, change their exchange rate.  There is a systematic way of doing it.  They’re called international banking laws. 

https://dinarevaluation.blogspot.com/2023/12/iraq-boots-on-ground-report-by-firefly_01972846250.html 

 FIREFLY:  Financial expert on TV saying there will be changes to the value to the Iraqi dinar after the new year. 

  FRANK:  The CBI, without any fear, without pulling any punches back, they flat out tell you the beginning for next year your currency will have value added to it.  Of course, because you won't be able to use any other currency in your country. 

 Therefore the sanctioned, punished program, used toilet paper rate of your 3-zero notes is going away...You are about to be a powerful linchpin in the financial theater of this world.  Iraq is about to change as quickly as darkness turns into light.  Get ready, you are about to walk with elegance and grace once again.

https://dinarevaluation.blogspot.com/2023/12/iraq-boots-on-ground-report-by-firefly_01674963871.html

https://dinarevaluation.blogspot.com/2024/01/iraq-boots-on-ground-report-by-firefly_0438032821.html

Iraqi Dinar update for 01/19/24 - Liberating the Iraqi dinar by PIMPY

Iraq’s internal and external debt, is it in a stable classification?, 20 JAN

Iraqs internal and external debt is it in a stable classificationThe financial advisor to the Prime Minister, Mazhar Muhammad Salih, expected that Iraq’s external debt until the year 2028 would not exceed the barrier of 21 billion dollars, stressing that the country’s creditworthiness is at a high degree of sobriety and reliability, according to which Iraq is placed in a stable classification, while he pointed out that the accumulation of… The debt came as a result of the national economy being exposed to two shocks.

Despite the accumulation of internal and external debts, the Parliamentary Finance Committee reassured that there would be no financial deficit in the country’s budget for the current year 2024, while specialists in economic affairs expressed their fear of the continued fluctuation of oil prices, hinting at the possibility of public revenues being affected in the event of a decline in oil prices. Black gold globally.

Saleh stated that, in my estimation, the external debt that must be repaid until the year 2028 does not exceed the barrier of 21 billion dollars, indicating that the repayment mechanism is subject to the actual current or ongoing allocations allocated in the federal general budget on an annual basis to pay the debt dues, according to the official Al-Sabah newspaper.

The government advisor explained that Iraq’s credit record, or creditworthiness, stands at a high degree of sobriety and reliability, according to which international credit rating companies have placed Iraq at rank B of the stable category over the past ten years, due to its high financial worthiness and commitment to paying its debt services. On an ongoing basis.”

Saleh calculated, during a previous press statement, the size of the country’s internal debt, while confirming

that the Iraqi economy was exposed to two shocks. He continued, “The internal public debt in Iraq is estimated at approximately 55 billion dollars, indicating that the accumulation of this debt came as a result of two shocks to which the economy was exposed.” The country between the years 2014 – 2021.

He added that the first shock was financial and security, following the country’s exposure to the threat of ISIS terrorist gangs, in addition to the war in which Iraq won against ISIS terrorism, which then required financing the budget deficit, due to the increase in military expenditures and the decline in oil prices. Saleh

pointed out that the second shock, which was healthy financial, was the result of the Corona pandemic crisis and the decline in oil price revenues at the same time due to the sharp cycle of oil assets and the loss of a barrel of oil in both shocks of approximately 40% of its estimated revenues as revenues for the general budget,” noting that this This prompted the financial authority in Iraq to borrow from the government banking market, mostly by issuing treasury bonds or annual treasury transfers that carry an average interest of about 3%.

The advisor noted that the internal public debt was traded exclusively within the government financial system, without intervention in the banking market except in a very limited manner, meaning that the internal debt, with its tools represented by bonds and treasury transfers, is traded at a rate of 95% exclusively within the government financial agencies.

In the midst of this, a member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, expected that there would be no financial deficit in the budget for the current year 2024, indicating that the government will submit amendments to the table of amounts, and these amendments are in the process of being completed and sent to the Finance Committee and will be studied there, approved by Parliament, and on its way to implementation.

Al-Kadhimi pointed out that last year’s budget, 2023, did not suffer from a deficit, but the current year’s budget, 2024, will not have a financial deficit, especially since oil prices are constantly increasing.

Contrary to the previous opinion, economic affairs specialist, Ali Al-Defafi, believes that the worsening situation in the region may lead to a delay in the arrival of oil supplies to consuming countries, and thus a decline in the financial revenues of some producing countries, expecting average oil prices to be stable between -75%. $80 for the current year.

Al-Diffai stressed the need to exploit the financial abundance achieved as a result of the increase in oil prices over the past two years, in establishing strategic projects and working to support the productive aspects that can contribute to supplementing the country’s financial budgets, especially the agricultural and industrial sectors, praising, at the same time, the government’s economic moves in Supporting the private sector, which will contribute during the coming period to reviving many local industries that could block the way for imported products.

burathanews.com

""WE ARE WATCHING HISTORY IN THE MAKING" BY MILITIAMAN, 20 JAN

 Militia Man

  Article:  "The International Monetary Fund welcomes Iraq's accession to a program that supports economic reforms"

  Quote:  "Thursday...the International Monetary Fund welcomed Iraq’s accession to a non-financing program to support economic reforms"  After decades of involvement...the specificity of many things are likely to be known by the IMF,

exchange rate regimes be sure.  For Iraq to be moving forward with all reforms ...in that there is no financing needed should  be eye opening for everyone. How does non-financing work with the IQD at 1,310 IQD to 1 USD for to pay for projects and commodities? 

It has not ever while with an IQD exchange rate of $.0006 or even $.0007 to the dollar. So why would it be any different now? It clearly wouldn't.

The fun part is we are watching history in the making...Saudi Arabia strongly supports  Iraq's ascension to the World Trade Organization...They've basically said Iraq has completed everything needed to be done.   Everything is just shy of announcing they have WTO ascension.  

A Conversation With Mohammed Shyaa Al Sudani, Prime Minister of Iraq | D...

Al-Sudani: Our position is clear and we will not hesitate to take all necessary measures to protect our sovereignty, 20 JAN

Al-Sudani: Our position is clear and we will not hesitate to take all necessary measures to protect our sovereignty

Prime Minister Muhammad Shiaa Al-Sudani stressed today, Friday, that the government will not hesitate to take all necessary measures to protect the country’s sovereignty.

The Prime Minister stated, in an interview conducted with Bloomberg Agency, followed by NRT Arabia, that “no single party, whether external or internal, can take away the rights of the Iraqi government and its role in extending its security,” adding: “Our position is clear, and we will not hesitate to take all measures.” The necessary measures to protect our sovereignty.

Al-Sudani added, saying: “So far there is no problem regarding the production and export of Iraqi oil,” noting that “events are continuing in this sensitive site, which constitutes more than 30% of the world’s energy supplies.”

He said, “It is certain that the current conditions are worrying for both exporters and importers,” warning that “prolonging this war in Gaza and the West Bank will lead to expanding the circle of conflict, and this is what happened.”

He confirmed his position, saying: “We do not have a problem with the Turkish side. They have shown willingness, but there is a problem with the oil producing companies in the Kurdistan region,” explaining that “the dispute between Baghdad and Erbil revolves around the problem of the cost of producing barrels.”

Al-Sudani pointed out, “Iraq is an active member of OPEC, and we make decisions in OPEC through discussions and understandings,” noting, “The government’s plan is to rely on what gas we have, whether that is associated with oil or natural gas.”

He added, “We plan within 3-5 years to provide for our gas needs and reach a stage where we do not burn gas,” adding: “We have allocated $4 billion for gas imports, and once they reach self-sufficiency, this amount will be allocated to other projects.”

nrttv.com