DINAR REVALUATION

Friday, February 2, 2024

Iraqi Dinar | US Treasury Openly Taking with Iraq New Exchange Rate | Ir...

“Dangerous” goals.. What are the reasons for changing Washington’s ambassador to Baghdad at the present time?, 2 FEB

“Dangerous” goals.. What are the reasons for changing Washington’s ambassador to Baghdad at the present time?

Information/private..
Today, Thursday, a senior government source in the Ministry of Foreign Affairs revealed the reasons for changing the American ambassador to Baghdad at the present time, while confirming that the Iraq file was transferred from the US State Department to the CIA and the Pentagon.

The source said, in an interview with the Al-Ma’louma Agency, “The American administration worked to change the American ambassador to Baghdad, Elena Romanowski, and at this particular time, due to a number of reasons, especially since the replacement was appointed (extraordinarily).”

He added, “One of the main reasons for changing the US ambassador to Baghdad is due to transferring Iraq’s security and political file to the CIA and the Pentagon.”

The source (who preferred not to reveal his name) explained that “taking this step is not in vain, but rather to achieve goals, most notably the demonization of the Popular Mobilization Forces, and the attempt to cast doubt on it on the security front,” noting that “the other goal is the most dangerous, as it represents the movement of ISIS sleeper cells in Iraq.”

He stated, “The Pentagon will also work to create electronic armies and try to put pressure around the Iraqi negotiator, in order to stay as long as possible in the country,” pointing out that “the other thing that Washington is working on is complete control over the Iraqi oil file, and monitoring Iraq’s money.”

Earlier, US President Joe Biden nominated Recy Ann Jacobson; For the position of Ambassador Extraordinary and United States Commissioner to Iraq, replacing Elena Romanowski.

The Iraqi government had previously announced the start of bilateral discussions with the American side to try to schedule the removal of foreign forces from the country, especially after the repeated attacks on the security forces and the Popular Mobilization Forces.

almaalomah.me

"RV UPDATE" BY GOLDILOCKS, 2 FEB

GOLDILOCKS

Saudi Arabia Officially Becomes a BRICS Member

During its 2023 annual summit, it announced its first expansion effort since 2001, when it introduced South Africa. Specifically, the alliance had invited six different countries from across the globe. 1 hour ago Watcher Guru

👆Uh Oh Dollar

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US Fed Meet Live Updates: Powell-led FOMC keeps key rates unchanged at 5.25-5.50% for 4th straight meeting.
Jerome Powell

This week, history was made. When Saudi Arabia joined the BRICS System, we began the process of moving from a Petro Dollar to a Digital Dollar economy.
© Goldilocks

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FOMC Press Conference January 31, 2024

https://www.youtube.com/live/poHpPUUOfkg?feature=shared

"IRAQ'S POTENTIAL DINAR REDENOMINATION READY TO EXCHANGE RATE"/iraqi din...

Sudanese Advisor: The 2024 budget is in a state of balance and stability and carries some surpluses, 2 FEB

Sudanese Advisor: The 2024 budget is in a state of balance and stability and carries some surpluses

Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed today, Thursday, that the future outlook for the financial situation in Iraq is stable, while indicating that oil market indicators are still more than 10% above the price specified in the budget until now.

Saleh told the official agency, and Al-Mutla’ followed him, that: “The federal general budget for the year 2024 is still stable, with an expenditure ceiling of approximately 199 trillion Iraqi dinars and allocations in investment expenditures exceeding 25 percent of the total expenditure ceiling, and oil exports are stable at their rates set at approximately Approximately 3.4 million barrels of oil per day, and the price of a barrel for the purposes of calculating budget revenues from exported oil is $70 per barrel,” pointing out that “oil market indicators are still more than the price specified in the budget by more than 10% until the moment.”

He added, “Energy market expectations lead to an increase in the needs of continued demand for crude oil in general,” noting that “the future outlook on Iraq’s financial situation is stable.”

He pointed out that “there is high stability as we enter the second month of the current year, which indicates that the budget is in balance and carries some surpluses, so the situation is stable, good and sound.”

almutalee.com

"RV UPDATE" BY FNU LNU, 2 FEB

Fnu Lnu

They do not have a massive amount of Dinar with which to deal. Small incremental increases of value over time will guarantee failure and all the many billions of dollars spent, and man-hours wasted will for naught. It is more likely they will come out high on the exchange rate and let it fall until it finds equilibrium instead of creeping upwards in 2% measures every 90 days over decades. Meanwhile everyone loses faith in the GOI, riots, and starves to death. Small increments over time makes absolutely no sense and is illogical.

Article: "The Central Bank of Iraq announced the approval from the US Federal Reserve to supply dollar cash in 2024, as part of efforts to stabilize the Iraqi economy and its currency ."

Quote: "The decision came after officials from the Central Bank of Iraq held a meeting with representatives from the Fed and the US Treasury in Dubai. " As of last Thursday, the official market recorded an exchange rate of 1,296 dinars per dollar. It appears the UST is helping Iraq to stabilize.

The Dubai meetings concluded with praise for the bank's strategies in reducing dollar transactions in the local market. Iraq could end the parallel market activity by simply revaluing the Dinar above one USD and the black market activity would come to a screeching halt.

So why haven’t they? Are they stalling for some reason?