Saturday, January 27, 2024

Iraq Dinar - Monetary Progress - Economic & Financial Reforms - Internat...BY MILITIAMAN

American bases in Iraq are breathing their last and preparing to escape thanks to the strikes of the Iraqi Islamic resistance, 27 JAN

 American bases in Iraq are breathing their last and preparing to escape thanks to the strikes of the Iraqi Islamic resistance

Abdel Bari Atwan
Finally, the United States of America yielded to the demands of the Iraqi Islamic resistance to immediately and quickly withdraw and abandon all of its military bases in Iraq, thanks primarily to the resistance attacks that targeted these bases in Erbil, Al-Shaddadi, and Ain Al-Assad, in addition to their counterparts in Syria, such as the Al-Omar and Kiniko field. “And Al-Tanf.

The Iraqi Ministry of Foreign Affairs announced on Thursday that it had been agreed with the United States to set a gradual timetable for the evacuation of the “advisers” of the international coalition from Iraqi territory, and to end this alliance.

The American administration was evading Iraqi demands for withdrawal, and stipulated that all attacks targeting its military bases be stopped before entering into any negotiations in this regard, but the escalation of attacks on these bases with missiles and suicide drones, and the increasing losses among its soldiers, prompted it to drop this condition.

***

It is clear that the rapid and deliberate move of the Iraqi Islamic resistance comes as an extension and completion of the blockade imposed by the Yemeni naval forces on Israeli and American ships in the Red Sea and the Bab al-Mandab Strait, and we do not rule out that it will extend to the Strait of Hormuz in the third stage, as Iraq overlooks the mouth of the northern Gulf. .

The Islamic Resistance in its three centers (Yemen, Lebanon, and Iraq) is carrying out these precise operations within the framework of complete coordination, whether on land or at sea, and within the framework of an integrated plan to strike the “head of the snake,” that is, the United States, which provides the military protective cover for the occupying state in occupied Palestine. .

The United States, which failed to form a large international coalition to “secure” navigation in the Red Sea for Israeli ships, and this failure was reflected in the expansion of attacks by the Yemeni naval forces to include American civilian and military ships, and its attacks on targets deep inside Yemen were unable to stop these attacks, China is currently begging To mediate with Iran and reach a ceasefire agreement.

It is true that the number of American forces in Iraq does not exceed 2,500 soldiers, but their withdrawal constitutes a major defeat for the United States and its influence in the Middle East region after its humiliating defeat in Afghanistan.

The United States, which spent about six trillion dollars in its war on Iraq, in addition to 4,487 dead and 32,000 wounded, will face an end that it never expected at all, and so quickly, and we do not believe that its embassy, ​​which occupies a large part of the Green Zone in Baghdad and is considered the largest in the world, will last long. Partially or completely, after the decline of the American presence.

***

The United States has no choice but to withdraw its forces from Iraq, and US President Joe Biden, who was one of the most prominent drummers of the war on Iraq, will be lucky if this “humiliating” withdrawal is smooth and not chaotic and shameful like the withdrawal from Kabul.

The only language that the American leadership can understand is the language of force, and it seems that the Iraqi resistance has decided to use it extensively, after the Iraqi governments failed in all their diplomatic attempts to implement Parliament’s decision to dismantle and expel all American military bases on Iraqi soil and end this presence, which conflicts with the simplest principles. National sovereignty.

The great Iraq is making a strong return to its leadership position in the Middle East and the Arab world, and this return will clearly culminate in the elimination of the colonial presence on its land… and the days are among us.

almaalomah.me

"RV UPDATE" BY SANDY INGRAM, 27 JAN

 Sandy 

  As investors we have a vested interest in the country's we-being... [US Pentagon Official Statement about Iraq quote] "Let me be clear, the HCM meeting is not a negotiation about the withdrawal of US forces from Iraq.  

The Untied States and the coalition are in Iraq at the invitation of the Iraqi government to fight ISIS.  Our Iraqi partners have assured us of their commitment towards working together to shape this future on US military presence and the enduring defeat of ISIS."

[The Development Road Project]

 is major, let me explain why - This is going to change ports of call and the international shipping routes...The Suez Canal route is 6,400 miles, 14 days and cost $4.5 billion per day...The Development Road Project is...only 745 miles...That means the costs drop dramatically if you put the shipment on trucks or rail...Once you get into the Mediterranean Sea you can deliver your shipment to anywhere in Europe.  That is the importance of this Development Road Project...'There are 4 major reasons Kuwait, Iraq’s next-door neighbor has the strongest currency in the world…Kuwait dinar is $3.36…


1. Major exporter of oil. Kuwait is estimated to hold 10% of the world’s oil reserves. The tiny country has a population of 4.3 million people vs Iraq who has approximately 43 million people and a lot more oil than Kuwait.

2. Kuwait has an excellent reinvestment of oil revenue. Kuwait uses its oil revenue to build infrastructure and develop microeconomic sectors to increase its GDP. 

3.  Kuwait is tax free. Being a tax-free country enables the GDP to be higher and it just makes everyone happier not to have to pay taxes.  Since May of 2007 the Kuwaiti dinar (KWD) is pegged to an undisclosed basket of currencies…

4.  This is good news for some of you and not good news for others…Kuwaiti currency is scarce.  It is very difficult to get your hands on a Kuwaiti dinar unless you are inside of the country…Being scarce when it comes to currency is a good thing


https://dinarevaluation.blogspot.com/2024/01/rv-update-by-sandy-ingram-17-jan_02043811509.html

 The Iraqi dinar is not on the Forex market, yet.  The Iraqi dinar is an exotic currency, as is the Vietnam dong... Currencies are traded in pairs on the Forex Market.

  The 3 main types... majors, minors and exotics...The more liquid an asset the easier and more efficient it is to turn it back into cash.  Major currency pairs have the highest trading volume... Exotic currencies...are not traded that often.  There is little technical analysis or data available to support trading decisions for exotic currencies...

People have been asking, 'Why is the Iraqi dinar one rate in Iraq and a different rate online...?'  There are two major reasons for the different rates.  1. The Iraqi government imposes strict currency controls to limit the flow of dinars out of the country.  This creates a dual exchange rate system:  Official rate - fixed rate imposed by the Central Bank of Iraq...Market Rate - Freely fluctuating rate is used for private transactions and most imports... 2.  The IQD is not widely traded internationally ...Limited demand for dinars outside Iraq weakens its value on

the international market.  But...they are now saying speculation about a potential revaluation of the Iraqi dinar sometimes influences online prices... Speculation investors, that's us.  We are causing fluctuations in the currency value...

In January 2024 foreign currencies will no longer be allowed inside Iraq and any violations will be criminalized.  The Iraqi dinar will be used for all transitions. 

Why are we seeing reports of a meeting with the IMF in Jordan and a meeting with the Department of the Treasury and the US Federal Reserve in Dubai?  ...The meeting with the IMF had to do with the IMF staff team helping the Iraqi authorities reform the banking system... 

This meeting more than any other tells us Iraq may be preparing to join the global financial network, aka Forex Market...Here's the bottom line.  Iraq has never really been on the Forex market.  These reports IMPLY Iraq is headed in the direction of international currency inclusion while using its own currency for transactions within th country beginning January 1, 2024. 
 

A drone attack on a military base hosting US troops near Erbil in northern Iraq...caused casualties...Iran-backed militants claimed responsibility for the attacks...The attacks occurred on December 25th.

  Inflation...political stability... balance of payment...national debt...recession - each of these seven categories helps determine the currency rate of any country...We want to wish each of you a happy holiday..

Article:  "Iraq links Baghdad US embassy attackers to security services"  

The attacks against US forces have continued.  The Iraqi government said several people who are alleged to have attacked the US embassy in Iraq last week have links to the country security services...

Article: "Iraqi council elections: Almost 17 million voters head to polls on Monday"

  Iraqis have begun voting for the first time in a decade to select new provincial council members who in turn will appoint governors...results are expected to be announced on Tuesday.  

   Iraq cuts oil production by 223,000 barrels per day voluntarily.   Iraq is over 90% dependent on oil revenue and oil prices, therefore when OPEC speaks we listen and we listen very carefully, almost as carefully as when the CBI makes and announcement.

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-sandy-ingram-sheila-18-dec.html

🔥Iraqi Dinar🔥Positive News🔥News Guru Intel Update IQD Value to USD🤑💵🤑🎉

Weekend News with MarkZ. 01/27/2024

Nechirvan Barzani welcomes the Iraqi-American agreement: The region will help protect the stability of Iraq, 27 JAN

 Nechirvan Barzani welcomes the Iraqi-American agreement: The region will help protect the stability of Iraq

Shafaq News/ The President of the Kurdistan Region, Nechirvan Barzani, welcomed on Thursday the agreement between Iraq and the United States of America to resume the work of the Supreme Military Committee.

Barzani said in a statement received by Shafaq News Agency: “We welcome the agreement of the Iraqi federal government with the American government to resume the work of their Supreme Military Committee (HMC) and the progress of talks on bilateral relations and the future of joint cooperation in the political, economic, cultural, security and military fields.”

He added, “The Kurdistan Region supports this agreement and will cooperate and help protect the safety, security, stability and sovereignty of the country and strengthen relations on the basis of mutual respect and common interests.”

https://shafaq.com/ar/%D8%B3%DB%8C%D8%A7%D8%B3%D8%A9/%D9%86%D9%8A%D8%AC%D9%8A%D8%B1%D9%81%D8%A7%D9%86-%D8%A8%D8%A7%D8%B1%D8%B2%D8%A7%D9%86%D9%8A-%D9%8A%D8%B1%D8%AD%D8%A8-%D8%A8%D8%A7%D9%84%D8%A7%D8%AA%D9%81%D8%A7%D9%82-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A-%D8%A7%D9%84%D8%A7%D9%85%D8%B1%D9%8A%D9%83%D9%8A-%D8%A8%D8%A7%D8%B3%D8%AA-%D9%86%D8%A7%D9%81-%D8%B9%D9%85%D9%84-%D8%A7%D9%84%D9%84%D8%AC%D9%86%D8%A9-%D8%A7%D9%84%D8%B9%D8%B3%D9%83%D8%B1%D9%8A%D8%A9-%D8%A7%D9%84%D8%B9%D9%84%D9%8A%D8%A7


"INFO OF A CBI CONTACT" BY MNT GOAT, 27 JAN

 INFO OF A CBI CONTACT

I then asked my CBI contact about the issue of the Hezbollah bombings of American bases in Iraq. I was referred to the GOI for policy related to this issue.

 My contact did not feel the US forces would be leaving Iraq anytime soon and that they are working on a timetable to remove all combat forces in the future, but this is not the time. 

Iraq still needs American protection. Either way the forces will probably then operate out of Kuwaiti bases anyhow and have no intention of leaving the tense “hot spot” of the middle east right now. 

Speaking of U.S. military forces in Iraq: The U.S. and Iraq began a process of starting talks aimed at ending the U.S.-led military coalition’s mission in Iraq and how to replace it with bilateral ties.   Two sources said the United States conveyed its readiness to start talks to the Iraqi government in a letter handed over by US Ambassador to Iraq Alina Romanoski to Iraqi Foreign Minister Fuad Hussein last Wednesday. 

This came after US Army drones launched strikes on two headquarters of the Popular Mobilization Forces in Babil and Anbar governorates, killing two members and wounding four. These strikes targeted the headquarters of the Hezbollah Brigades, warehouses, missile training sites, and unilateral attack drones.

From Reuters: The process of ending the US military presence in Iraq may take from several months to years. Let’s all pray the RV happens prior this draw down of troops. We all know what happened in 2011 when President Obama withdrew the US military. We can all see that with the Iranian militia still in place, should a full withdrawal occur, it would be detrimental to Iraq’s security and sovereignty. It may be a repeat of 2014.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

The American consul in Erbil speaks of “economic opportunities” that bring great benefits to Iraq and the United States, 23 NOV

The American consul in Erbil speaks of “economic opportunities” that bring great benefits to Iraq and the United States Shafaq News / The US...