Monday, January 22, 2024
Sunday, January 21, 2024
Al-Maliki Stresses To The US Ambassador The Necessity Of Maintaining And Developing Friendly Relations And Cooperation, 22 JAN
Al-Maliki Stresses To The US Ambassador The Necessity Of Maintaining And Developing Friendly Relations And Cooperation
Mawazine News – Baghdad The head of the State of Law coalition, Nouri al-Maliki, stressed today, Sunday, the necessity of activating the strategic framework agreement between the two countries, as well as working to develop bilateral relations to serve the two countries.
The media office of the State of Law coalition said in a statement received by Mawazine News, “Al-Maliki received in his office the American Ambassador Elena Romanski, and during the meeting the two sides reviewed the future of bilateral relations between the two countries, as well as the escalation of tensions in the region and the repercussions of the Al-Aqsa Flood operation and Baghdad’s keenness on the need to end The Zionist aggression and the opening of humanitarian corridors to bring in aid.”
Al-Maliki stressed “the importance of strengthening friendship and cooperation relations, and continuing to sustain and develop them in a way that serves the interests of the two friendly peoples,” noting “the necessity of activating the agreements concluded between the two countries, especially the strategic framework agreement, in line with the importance of the current stage and the many crises facing the region, especially Events in occupied Palestine, Lebanon, the Red Sea, northern Syria and Iraq,” calling for “speedy action to reduce tension and end the mutual attacks that may herald the expansion of the war.”
The statement continued, "The American ambassador "renewed her country's support for the stability of Iraq, stressing the continuation of dialogues between the two countries in order to strengthen partnership projects in various important and vital sectors." https://www.mawazin.net/Details.aspx?jimare=240790
"RV UPDATE" BY MNT GOAT, 22 JAN
Mnt Goat
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...We know they want the Iraq funds (nearly USD 115+ billion) released from the NY banks and put in their custody...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...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 ...
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.
https://dinarevaluation.blogspot.com/2024/01/rv-update-by-mnt-goat-20-jan.html
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.
...in my conversation with my CBI contact on my Wednesday call...We...talked about...the monetary reform and where it stood. I was told it would take some time, maybe weeks or months even for the currency swaps to take the needed effect in leveling out the parallel black market rate for the dollar. But my contact seemed very optimistic that the plan now in place could move this rate quicker than expected even. But I was warned not to expect instant success as there is still a period of monitoring it for wide swings, in other words it needs to be stable...We can see that there has been more progress towards currency reform in the last 12 months than in the twenty years combined.
There is much prosperity and abundance coming our way this new year. Let’s all just be patient and stay calm.
Article: "SUDANESE ADVISOR: EXCHANGE RATES WILL REACH 135 THOUSAND PER 100 DOLLARS
SOON" If this really does happen we will be in great shape to see the one more program rate change we have been waiting for. But remember they will probably wait and monitor the rate to ensure it is first stable, How long we don’t know. But this is fantastic news today.
https://dinarevaluation.blogspot.com/2024/01/rv-update-by-mnt-goat-13-jan.html
Mnt Goat
Article: "SUDANESE ADVISOR: EXCHANGE RATES WILL REACH 135 THOUSAND PER 100 DOLLARS
SOON" If this really does happen we will be in great shape to see the one more program rate change we have been waiting for. But remember they will probably wait and monitor the rate to ensure it is first stable, How long we don’t know. But this is fantastic news today.
Parliamentary Finance Calls For Accelerating The Sending Of The Budget For The Purpose Of Approval, 22 JAN
Parliamentary Finance Calls For Accelerating The Sending Of The Budget For The Purpose Of Approval
Economy | 01/21/2024 Mawazine News – Baghdad The Parliamentary Finance Committee discussed, on Sunday, with the Minister of Finance, Taif Sami, the completion of the 2024 budget schedules before their approval.
The House of Representatives media stated in a statement received by Mawazine News, that “The Parliamentary Finance Committee met with the Minister of Finance, Taif Sami, and the issues of employee compensation were discussed.” And inspectors and added amounts for purchasing energy and implementing projects included in the government plan.”
The Finance Committee asked the Minister of Finance to “expedite the preparation of the budget schedules and send them for review and voting on them.” For her part, Taif Sami said, “Financing projects is done according to the allocations and listing requirements, and the components and violations must be modified in coordination with the Ministry of Planning, in addition to the issue of the region’s revenues.”
https://www.mawazin.net/Details.aspx?jimare=240794
"RV UPDATE' BY MILITIAMAN, 22 JAN
Militia Man
Sudani...I think he's right when he says 2024 is going to be a year of achievement...We haven't seen the spending of the '23 budget yet nor have we se a pumping of that oil just yet and nor have we seen a full-blown assession to the World Trade Organization yet. Why is that? Because we probably have to wait to hear what they have to say when it comes to a Real Effective Exchange Rate. Hopefully that's what we'll see...in a very very short period of time.
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?
They're taking the public and the private sector and they're merging them together so they can move this into a full-blown market economy...
rticle: "The International Monetary Fund welcomes Iraq's accession to a program that supports economic reforms"exchange rate regimes be sure.
THE EUROPEAN UNION ORGANIZES A WORKSHOP IN BASRA ON CENTRAL ADMINISTRATION AND THE WEALTH DISTRIBUTION SYSTEM, 28 NOV
THE EUROPEAN UNION ORGANIZES A WORKSHOP IN BASRA ON CENTRAL ADMINISTRATION AND THE WEALTH DISTRIBUTION SYSTEM The European Union organized...
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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...