The Sudanese advisor reveals to “Al-Ma’louma” the size of Iraq’s internal debt, 28 JAN

 The Sudanese advisor reveals to “Al-Ma’louma” the size of Iraq’s internal debt

Information/private..
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed the size of the Iraqi government’s internal debt, while indicating the reasons for the accumulation of this debt.

Saleh said, in an interview with the Maalouma Agency, that “Iraq and during the previous years extending between 2014 and 2021, its economy was exposed to two major shocks,” indicating that “the first shock was financial and security, as a result of the country’s exposure to the threat of ISIS terrorist gangs, in addition to the war that “Iraq won over terrorism.”

He added, “The second shock was financial-health, as a result of the Corona pandemic 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.”

The Sudanese financial advisor explained that “the internal public debt in Iraq as a result of these two shocks amounted to approximately 73 trillion dinars,” pointing out that “these reasons prompted the financial authority to borrow from the government banking market, mostly by issuing treasury bonds or annual treasury transfers carrying an average Interest of about 3%.

The issue of the size of the Iraqi government’s foreign debt raises many questions about the reason for its non-payment, even though the government has a comfortable financial surplus and a large reserve of hard currency.

almaalomah.me

"RV UPDATE" BY FRANK26, 28 JAN

 Frank26  

IMO a lot of promises were made by Sudani in Davos.  Today Sudani uses more new words to describe to the citizens that the time to wait for the reinstatement of their currency and new exchange rate is shorter than it's ever been before.  It's shorter than a step stool with the legs of a corgi dog...these are exciting times.

The problem is we don't know if we will be able to participate in the float.  We don't know how much time they are gong to give us to turn in the 3 zero notes.  Let's see what happens.

Article:  " The Central Bank monitors the misuse of electronic payment cards outside Iraq"  

 EVERY DAY MORE & MORE CORRUPTION IS BEING REMOVED FROM THE REFORMS OF IRAQ...

 Is there a lot of dinars out there?

  no.  The CBI doesn't sell dinars anymore.  They stopped about 6 years ago.  The demand is great now, look at Davos.  So as soon as it floats in the basket the supply and demand is going to move that rate very quickly...

Good News Iraq on the Road to Extreme Wealth Outside of Oil Industry BY SANDY INGRAM

A parliamentary move to legislate a law requiring American forces to leave Iraq, 28 JAN

A parliamentary move to legislate a law requiring American forces to leave Iraq

Information / Baghdad..
Member of the Parliamentary Security and Defense Committee, MP Karim Aliwi, confirmed today, Sunday, work on legislating a law obligating American forces to leave Iraq.

Aliwi said in an interview with Al-Maalouma, “The members of the House of Representatives who signed the inclusion of a legislative paragraph regarding the withdrawal of international coalition forces, including American forces, aim to give the government and the Iraqi negotiator the legal and constitutional power to schedule the complete withdrawal of those forces.”

He added, “Collecting more than a hundred signatures to include a paragraph demanding the enactment of a law for the withdrawal of coalition forces, including American forces, will give the government and the Iraqi negotiator legal and constitutional power during the negotiations that began in Baghdad recently.”

He pointed out that “the demand to legislate the law is a popular demand due to the American forces not adhering to the controls for which they were present, as they increased the number of their forces without the knowledge of the Iraqi side.”

Aliwi pointed out that “the American forces are carrying out hostile actions against the security forces and the Iraqi people, which has made them occupation forces and must be expelled by all means from Iraqi territory.”

The representative of the Al-Fatah Alliance, Faleh Al-Khazali, confirmed to “Al-Ma’louma” that 100 parliamentary signatures had been collected to legislate the law removing foreign forces, including American forces, from Iraq.

almaalomah.me

"RV UPDATE" BY BREITLING, 28 JAN

 Breitling  

 I think the dinar is going to revalue.  I think it's great.  It's a great opportunity.  A lot of it has to do with its foreign currency reserves which is in the US dollar.  It [Iraq's] is one of the biggest in the world.

"What is Iraq waiting for at this point [to RV]?"  

No body knows...When [Senator] McCain was around those were the heavy hitters.  Those were the guys I would listen to.  This was nothing 'official' but these guys knew what was going on, 'you want to be in the dinar.'  I have some very good friends who didn't buy it and they talked to McCain and he said you better buy this currency. 

 According to them, it should have happened by now.  I still hang out with the same group and to this day nobody knows why Iraq has not pulled the trigger yet.  What's strange is back in the day Iraq didn't talk about it that much, now they talk about it all the time.  Whatever the CBI is looking at, it's starting to look like they need to be there. 

Question: "Why do the [Iraqi] citizens want to keep using the dinar when the value is so low?"  

 Not everybody has access to the US dollar for one thing.   #2 It's artificially low.  A lot of Iraqi's know this.  They know what's  going on.

  There's nothing they can do about it.  That's one of the things, if you watch the parliamentary elections of Iraq one of  the number one campaign promises all these guys make is we're going to add value to the dinar.  They know it's artificially low.    [They look around and think] we're selling more energy, the price per barrel is more, we have more customers and yet the dinar is  [worthless] and we're all running around in poverty.  

Question:  "When it does revalue, when do we get out?  How long do we wait?" 

 That depends on your own needs.  Are you trying to get a house?  Are you trying to pay off a loan?  What is it because once you hit that number get out.  Or if it doesn't go up to that number - Let's say you're trying to make...$250,000 and you realize the investment is only going to get you about $180,000, then get out!   Diversify.  Get into something else.  Don't just stick around.

The only way you can answer those questions is you have to put a piece of paper down and realistically what is it that you want.  You have to be realistic about it.  

You can't say the first thing is I'm going to start off with a $50 million dollar mansion.  Don't be stupid...Let's be a little more practical.  A home over your head, debt free, for you and your family...then you can go for the big stuff.  Your investments are based on that...what it is you want.

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-breitling-16-dec.html

Iraqi Dinar Talk And News!! | Iraqi Laying Down A Strong Foundation For ...

The framework calls on the government and parliament to put an end to American attacks and sanctions, 28 JAN

 The framework calls on the government and parliament to put an end to American attacks and sanctions

Information / Baghdad…
Representative of the Coordination Framework, Thaer al-Jubouri, confirmed on Sunday that Washington’s placing some national figures on the sanctions list is merely a measure of the Iraqi parliament’s pulse and a statement of its position in order to use this card against other figures, pointing to the importance of the government’s intervention to put pressure on the American side to resolve this issue.

Al-Jubouri told Al-Maalouma, “The American side’s use of sanctions against some figures and representatives is a test of the pulse of Parliament, the people in general, and the Iraqi resistance.”

He added, “Parliament’s silence and failure to protest America’s actions and sanctions will affect other figures, whether through the sanctions paper or any other measures taken by Washington against influential national figures.”

He stated that “there is an urgent need for the government to move towards the American embassy regarding the sanctions file and the repeated American attacks against the Iraqi people and security services.”

almaalomah.me