Zebari expects America to strike three factions in Iraq, 1 FEB

 Shafaq News/ The leader of the Kurdistan Democratic Party, Hoshyar Zebari, expected on Wednesday that the United States of America would target three factions under the banner of the “Islamic Resistance in Iraq” in response to the Jordanian attack.

Zebari wrote on the “X – Twitter” website previously, “The upcoming American strikes will be different and devastating against the axis of the Iraqi Islamic Resistance, which is composed of factions: Kataib Hezbollah, Al-Nujaba, and Sayyid Al-Shuhada, who openly targeted American forces and their facilities in Iraq and Kurdistan.” And Syria,” adding that “perhaps their responsible leaders and headquarters are currently against the government’s decisions.”

Yesterday, Tuesday, Iraq’s Hezbollah Brigades announced the cessation of its operations against American forces in order “not to embarrass the Iraqi government,” recommending its fighters to “temporarily passive defense.”

On Sunday, January 28, the US Army announced that three of its soldiers were killed and dozens wounded in a march attack targeting a base housing US forces in Jordan.

American media reported that the targeted site was “Tower 22”, a small military site in Jordan, near the country’s border with Syria.

In response to this attack, American officials said that the United States is considering launching strikes against armed factions in Iraq, Syria, and Iran.

US President Joe Biden said yesterday, Tuesday, that he had made a decision about the nature of the response to the Jordan attack, which killed 3 American soldiers and injured more than 30 others.

Biden explained that he “made the decision on the nature of the response to the attacks that killed American soldiers in Jordan,” adding, “We do not want a broader war in the Middle East.”

shafaq.com

"RV UPDATE" BY MILITIAMAN, 1 FEB

Militia Man 

 The AFC Fund is up 110.4% in Iraq.  HUGE!  Think about that for a minute, What do you get at your savings account?  What do you get in your IRA's?  What are you getting percentage wise over an annual growth?  They have 110.4%.  This country is going to explode.  Everybody and their brother that's invested in the dinar should be thinking clearly by now as far as I'm concerned...This is fun!  ...How does Iraq have one of the best funds in the world without having reasons behind it.

1310 is not a Real Effective Exchange Rate.  I don't think the largest accounting firms in the world would be dealing with this, at this time, which they've never done before, we've never seen ever the Central Bank of Iraq talk about...the 13 [big accounting firms]...They have now. 

An investment budget it's not going to work at 1310.   They don't have enough dinar to do that... The project is to delete the zeros off the exchange rate.  Once they have done that, they've applied the Real Effective Exchange Rate they're going to have to do things differently.  The world knows that.  WTO...Bank of International Settlements ... IMF...US Treasury...US Fed - everybody seems to be the ones that are knowing it but they just haven't quite done it yet or are they working to finish a process that is highly complex? That's my opinion...

Contacts between Baghdad and Washington to limit America’s response to the “Al-Tanf strike”, 31 JAN

 Contacts between Baghdad and Washington to limit America’s response to the “Al-Tanf strike”, 31 JAN

Iraqi sources revealed that there are intense communications between Baghdad and Washington to prevent any escalation, after the American President gave the green light to respond to the targeting of a military base in Al-Tanf near the Jordanian-Syrian border last week, indicating that the communications aim to limit the American response or postpone it for some time. So that the situation does not deteriorate and the circle of revenge expands between Washington and the Iraqi armed factions, while Iran called on the United States to stop using threatening language, and said that any American threat to it will not go unanswered.

These developments come at a time when an Iraqi armed faction announced the suspension of all its military operations against American forces in the region, after the Pentagon pointed the finger at it of being behind the deadly attack that resulted in the death of three American soldiers on the Jordanian-Syrian border. The faction called “Kata’ib Hezbollah” said Al-Iraqiya said that the decision to stop the attacks came in response to the efforts of Iraqi Prime Minister Muhammad Shiaa al-Sudani.

https://www.alkhaleej.ae/2024-02-01/%D8%A7%D8%AA%D8%B5%D8%A7%D9%84%D8%A7%D8%AA-%D8%A8%D9%8A%D9%86-%D8%A8%D8%BA%D8%AF%D8%A7%D8%AF-%D9%88%D9%88%D8%A7%D8%B4%D9%86%D8%B7%D9%86-%D9%84%D8%AA%D8%AD%D8%AC%D9%8A%D9%85-%D8%B1%D8%AF-%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D8%A7-%D8%B9%D9%84%D9%89-%D8%B6%D8%B1%D8%A8%D8%A9-%D8%A7%D9%84%D8%AA%D9%86%D9%81/%D8%A7%D9%84%D8%B9%D8%A7%D9%84%D9%85/%D8%B3%D9%8A%D8%A7%D8%B3%D8%A9

Pimpy with April and Ajay 5D Economy 01/31/24

"RV UPDATE" BY KAPERONI, 31 JAN

 Kaperoni 

 I still have significant concern over Iraq wanting to redenominate (LOP) their currency. There  are numerous educational symposiums teaching the citizens about such an event. This is a very real possibility. 

Article "US and Iraq agree to start talks to end presence of US-led coalition"

The dinar either rises gradually over time as Iraq's economy prospers reducing the money supply or Parliament will authorize the deletion of zeros reducing trillions to billions and a LOP. Not what we want to see.

 there is no way Iraq can RV the Iraqi dinar with [120] trillion dinar in circulation. No country could afford. Iraq's total net worth is only around $16 trillon dollars.

 There is no significant RV of the Iraqi dinar.  And if the dinar does ever go up in value, it will be based on the success and growth of Iraq's own economy.  There are no shortcuts.

  Article:   "Ali Al-Alaq, the current governor of the Central Bank of Iraq confirms that Iraq's money supply exceeds 100 trillion dinar."

 If and when the Central Bank decides to increase the value of the Iraqi dinar more than likely it will be based on some type of gradual float as a result of the success and growth of Iraq's own economy and an increase in GDP.

I hope each and every one of you find success in this investment...It may take time.  It may  be another 1 to 5 years.  I certainly hope not but I believe things could happen quickly over the next 36 to 48 months.  It all depends on Iraq.  

 ...We all know things don't happen fast in Iraq. Iraq has a lot of work to do in order to succeed. The first of which is pass over 100 stalled laws through Parliament to encourage investment in Iraq.  And at the same time the Central Bank of Iraq has to continue reforms to the banking system, digitalization, and apply monetary tools to meet compliance .

 A country's exchange rate is the result of the success and growth of their own economy. When you have a weak economy, you have a weak exchange rate.  Until Iraq passes laws, diversifies their economy and increases their GDP, nothing will happen with the dinar.   When Iraq passed their tripartite  3 year budget a few months back, it created the conditions for them to diversify and privatize their economy over the next three years.   Now Iraq is on the clock to accomplish such.

There's a new article out that many people are translating and confusing.  They are not talking about an RV in Iraq, they are talking about the spread being in compliance early next year. 

 Just a reminder the spread is the difference between the official rate and the market rate or street rate and has been way out of whack recently in Iraq. This article simply means they expect the spread to come down closer to the official rate early next year. There is no RV.

    A very important statement was made back in 2020 by the prime minister's economic advisor Mohamed Salah who used to be Deputy Governor of the CBI under Shabibi. He stated that Iraq's entire wealth including all minerals in the ground amounts to only $16 trillion dollars. Knowing that information one can then determine that there is no way a significant RV could ever occur with over 90 trillion dinar in circulation.  It doesn't make sense...

 They...have to have the dinar stabilized within the country and within the 2% rule mandated by the IMF in order to then accept IMF article VIII and begin to float the dinar which would raise its value based on supply and demand.  All of these processes and or steps required time.

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-kaperoni-10-dec_0650267841.html

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

Iraqi Dinar✅CBI Governor Ali Alaq Declared New Exchange Rate-Iraqi Dinar...

The US Treasury requests Iraqi cooperation to limit funding for armed factions,31 JAN

The US Treasury requests Iraqi cooperation to limit funding for armed factions

 Shafaq News/ The US Treasury Department suggested, on Wednesday, that it would obtain assistance from the Iraqi government in identifying and disrupting the financing of Iranian-backed armed groups in the country, especially after the killing of three American soldiers, as a result of a drone attack launched by an Iraqi faction.

In news translated by Shafaq News Agency, Reuters quoted a Treasury Ministry official as saying, “The Iraqi government must share information about such groups, especially after the killing of American soldiers in a drone strike.”

He added, “We are now in a situation where there has been a loss of American lives in Jordan.”

The official added, “These, as a whole, are groups that use and abuse Iraq and its financial systems and structure in order to perpetuate these actions,” adding, “We must address this directly.”

He continued: “It is clear that our expectations at the Treasury Department are that there is more that we can do together to exchange information and determine how these militias operate in Iraq.”

The official noted, “In just 12 to 13 months, we in the Treasury Department have witnessed a tremendous amount of Iraqi progress in the areas of preventing the dollar from reaching armed groups loyal to Iran.”

He added, “We are not trying to achieve perfection. This is a difficult area, and Iran is very good at this in particular,” stressing his confidence in “successfully making Iraq meet international standards for money laundering and terrorist financing, and this will lead to the removal of a large amount of unsupported financial capacity.” legitimacy of this system.

shafaq.com