90% of Iraq's exports are in oil... Remember Iraq wants to be competitive in the trade market. Increases in their exchange rate would cause the items they are exporting to go up in cost. Since 90% of the exports is oil, this is different...
An increase in Iraq's exchange rate could lead to a stronger Iraqi dinar relative to other currencies. This would mean for each unit of oil sold, Iraq would receive more foreign currency.
Iraq's revenues from oil exports could potentially rise. So they can increase their exchange rate and what they could do to balance that increase in their exchange rate is either increase or decrease their oil production ...
We also know their foreign currency reserves have increased to $115 billion. Increasing the exchange rate would also increase their currency holding, which is good because they can us that to protect the Iraqi dinar. Increasing the exchange rate would benefit Iraq big time.
I know people are stressed out. I know it is close to end of January and people are stressed. I want to tell you something: Wolverine was right! The funds were released! I was on call with the Admirals group, and lawyers associated with Michael Rubin.
The funds have been released to the paymaster accounts.
The notifications will be going out to the whales, and the payment will be released way before the end of the month.
The payments will go directly onto the QFS account. They told me, “Wolvie nothing is going to stop this now..”
Again, guys, I am just letting you know, Wolverine is right! No matter what people say. hold on!
We are close to the end of this.
we will be blessed. We will celebrate. Lots happening behind scenes. This is just a short and sweet call to confirm what I said before! Have a beautiful day. It will be about 90 degrees here today!
Thursday January 25, 2024 Rubem BAZ: He says 15:22 P.M.
Finished last night, all 86 platforms are now loaded with money and ready to launch. We expect the official launch any day now.
RENO says it’s all ready and waiting for the gold-backed dollar to be introduced (last night at 4:47 AM)! *
15:22: Sie sind gestern Abend fertig geworden, alle 86 Plattformen sind jetzt mit Geld geladen und startbereit. Wir erwarten jeden Moment die official Verƶffentlichung. Reno sagt, alles sei bereit and warte nur auf die EinfĆ¼hrung des goldgedeckten Dollars (gesten Abend um 04:47 Uhr)! *
15:54: Things are confirmed to go live tomorrow, but around the world the first payment runs will take place from Monday; 01/29/2024 15:00 CET / 09:00 USA New York Time
15:54: Obviously getting started means government first, then businesses and individuals. If they are finished before 15.02.2024 we can be happy. *
Government spokesman, Bassem Al-Awadi, confirmed on Sunday that Prime Minister Muhammad Shiaa Al-Sudani had made a pledge that the coalition’s mission would end during his current government term.
Al-Awadi said in a press statement, “The launch of the work of the joint supreme military committee between Iraq and the international coalition is a very big dream, as the international coalition was established in 2014 and military operations ended in 2018, and since that history the coalition has been present inside Iraq,” indicating that “from “It is appropriate to begin studying the future of the alliance and develop an agreed-upon road map to move to a new phase of bilateral cooperation instead of the alliance.”
He added, “After years of liberation, the mission of the international coalition needs to be discussed and examined in terms of what the international coalition has provided at the level of studying threats and risks and developing the combat, training, intelligence and armament capabilities of the Iraqi forces so that they can carry out their national duty to protect Iraqi land,” noting that “this cannot The alliance is to remain indefinitely.”
He stated, “Prime Minister Muhammad Shiaa Al-Sudani referred at the Davos conference to two important issues in two very prominent addresses, where he said ending the international coalition’s mission is necessary for the stability of Iraq. He also said ending the international coalition’s mission is necessary for the survival and building of a positive friendship relationship with the coalition forces,” pointing out that “ The two goals are Iraqi stability and positive, equal relations with the countries of the international coalition, and also the implementation of the government program, considering that ending the mission of the international coalition was one of the points of the government program to which the government made previous pledges.”
He stated that “the dialogue began between the international coalition forces and the Iraqi government under the auspices of Prime Minister Muhammad Shiaa Al-Sudani, as the end of the international coalition’s mission in Iraq was set on track,” explaining that “the prime minister made a pledge that the coalition’s mission will end during the term of his current government, and this is what will be done.” “And it is achieved.”
He stated that “when the Iraqi governments gave authorization to the international coalition since June 2014 and to our current government, therefore all successive Iraqi governments did not recognize the presence of combat forces on Iraqi territory, but rather were dealing with so-called advisors representing the international coalition forces,” pointing out that “part One way to achieve the end of the coalition forces’ mission is to not keep any forces on Iraqi territory and move to a new phase of military and security cooperation.”
He stated that “all tasks related to the international coalition forces are transferred to the Iraqi armed forces, and we move to bilateral relations and agreements, including the strategic framework agreement or bilateral relations that will be imposed by the circumstances of the stage with the international coalition countries.”
"Since June, the US Treasury’s Office of Foreign Assets Control (OFAC) has issued seven general licences authorising certain business activities or transactions with Venezuela, including those relating to the export of liquefied petroleum gas (General License 40B), gas sector operations (General License 44), the state-run mining company Minerven (General License 43) and the state-run airline Conviasa (General License 45A)."
This releasing of sanctions is creating opportunities for traders on the market that once was prohibited.
The country's control of the largest crude oil Market makes this country's Energy and Marine sector of the markets very appealing.
This will create new demands on the Venezuela Bolivar as this year progresses.
These demands will create opportunities for people in the Forex Market to capitalize on price pressures pushing new volumes and new values going forward.
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.