"RV UPDATE" BY WALKINGSTICK, 6 FEB

 Walkingstick 

 All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done.  All the things that Aki [Iraqi bank friend] had to do in order to qualify to exchange the 3-zero notes into American dollars is done.  International platforms that were needed in order to do electronic transfers is done...

[Iraqi Bank Friend Aki update] 

This is the monetary reform roadmap for the next couple of weeks...January 29th a banking campaign was started to release deeper education about the monetary reform to the Iraqi citizens

...Either Thursday or Friday the Minister of Planning, Minister of Finance, the Governor of the Central Bank of Iraq and the Prime Minister Sudani are all going to be receiving the flow down of information regarding the new currency that is to be released and the new exchange rate for that new currency...Also...the Erbil Stock Exchange (ESX) and The Iraqi Stock Exchange (ISX) have completed their linkup...of international platforms.  They are done and going live at any moment.   

https://dinarevaluation.blogspot.com/2024/02/rv-update-by-walkingstick-2-feb.html

All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done.  All the things that Aki [Iraqi bank friend] had to do in order to qualify to exchange the 3-zero notes into American dollars is done.  International platforms that were needed in order to do electronic transfers is done...

[Iraqi Bank Friend Aki update] 

This is the monetary reform roadmap for the next couple of weeks...January 29th a banking campaign was started to release deeper education about the monetary reform to the Iraqi citizens

...Either Thursday or Friday the Minister of Planning, Minister of Finance, the Governor of the Central Bank of Iraq and the Prime Minister Sudani are all going to be receiving the flow down of information regarding the new currency that is to be released and the new exchange rate for that new currency...Also...the Erbil Stock Exchange (ESX) and The Iraqi Stock Exchange (ISX) have completed their linkup...of international platforms.  They are done and going live at any moment.  

https://dinarevaluation.blogspot.com/2024/02/rv-update-by-walkingstick-2-feb.html

Iraqi Dinar✅CBI sells +$207 million in forex on Monday/ Iraqi Dinar News...

After a decade, Iraqi provincial councils elect new leaders, 6 FEB

 After a decade, Iraqi provincial councils elect new leaders

Shafaq News/ Iraq witnessed a series of elections in various provincial councils on Monday to appoint new leaders. 

The results of the December 18, 2023, provincial elections, the first since 2013, were instrumental in determining the makeup of the councils. 

Nineveh Province 

The Nineveh Provincial Council unanimously elected Ahmed Al-Hasoud as the chairman of the Council and Muhammad Abdullah Al-Jubouri, also known as "Abu Fanar," as the deputy chairman. 

Additionally, most of the Council voted to renew the term of Abdul Qadir al-Dakhil, who will serve as the governor of Nineveh for a second term. 

Basra Province 

The Basra provincial council, aligning with the "We Build" alliance led by Hadi al-Amiri, elected Khalaf al-Badran as chairman and Osama al-Saadi as deputy chairman. Additionally, the Council renewed the mandate of the current governor, Asaad al-Eidani. 

Later, the Council also adjourned its session, awaiting an agreement on the positions of the two deputy governors. 

Al-Anbar Province 

In Al-Anbar province, the council selected Omar Mishaan Dabous al-Dulaimi as chairman, Akram Khamis al-Mahlawi as deputy chairman, and Mohammed Nouri al-Karbouli as governor. 

Wasit Province 

The provincial Council in Wasit elected Ali Hussein Soleimoun as chairman and Mohammed Jamil al-Miyali as governor. 

Najaf Province 

The Najaf provincial council unanimously elected Hussein al-Issawi of the State of Law Coalition as chairman and Ghaith Shabi of the "Al-Asas" alliance led by acting Speaker of Parliament Mohsen al-Mandalawi as deputy chairman. Youssef Knawi of the Hikma National Movement became the governor, with Ammar al-Jazairi of the Asaib Ahl al-Haq movement as deputy governor and Karrar Mahbouba of the "Absher Ya Iraq" alliance as the second deputy governor. 

Maysan Province 

The Maysan Provincial Council postponed its first session until the following Wednesday. 

Muthanna Province 

The Muthanna Council postponed its session until 10 p.m. due to a lack of agreement between the winning blocs. 

Kirkuk Province 

In Kirkuk, the Provincial Council faced difficulties convening its first session, leading to an indefinite postponement. Notably, the session reportedly was boycotted by Arabs and Turkmen. 

Diyala Province 

The Diyala Council opted to adjourn its session, citing a lack of quorum. 

Notably, these elections signify a crucial aspect of Iraq's political landscape, with provincial councils playing a pivotal role in overseeing local government affairs and providing essential public services. 

The results revealed the dominance of the pro-Iranian Coordination Framework alliance, comprised mainly of Iran-backed Shiite political parties, in securing the majority of seats across the councils. The elections witnessed a 41% voter turnout despite a boycott from the Sadrist movement.

https://shafaq.com/en/Iraq-News/After-a-decade-Iraqi-provincial-councils-elect-new-leaders

"RV UPDATE" BY SANDY INGRAM, 6 FEB

 Sandy Ingram  

These are some of the major factors holding up the Iraqi dinar revalue...There's a lot at stake...First...Iraq relies on its oil export for revenue...If oil prices were to decrease suddenly, it could cause a  drain on Iraq's foreign exchange reserves as they try to stabilize their currency's value...Second...Iraq's political stability and security issues... Uncertainties make it challenging for investors to trust...making them hesitant to buy the dinar...

Thirdly...A sudden and significant increase in their currency's value could adversely affect their exports and trade balances.  It could also lead to inflation...  Balancing the exports and trade revenue is one of the key factors in deciding and implementing a currency revaluation.

Furthermore...Neighboring countries may retaliate by imposing tariffs or restrictions in response to Iraq's higher value in currency...A sudden revaluation potentially could destabilize other currencies...

Iraq could have a domino effect on the economies and currency values of countries like the U.S., China and Russia because these countries hold significant amounts of dinar in their reserves...The central bank of Iraq is under tremendous pressure to fit in when it comes to the revaluation of its currency. 

Iraqi Dinar🔥Value Very Very Strong💪 Hold Your Dinar-Iraqi Dinar News Tod...

Iraqi PM discuss the regional situation with Russia's ambassador, 6 FEB

 Iraqi PM discuss the regional situation with Russia's ambassador

Shafaq News/ Iraqi Prime Minister Mohammed Shia al-Sudani and Russia's ambassador to Iraq, Elbrus Kutrashev, met in Baghdad on Monday to address current developments in the region. 

According to Al-Sudani's media office, they discussed the recent regional development and its repercussions on the security and stability of Iraq and neighboring countries, as well as the economic challenges and energy supply. 

The Prime Minister emphasized the significance of global endeavors, specifically from permanent members of the Security Council, such as Russia, in ending the Gaza conflict, which affected the security and stability of the region.

Ambassador Kutrashev reaffirmed Russia's backing for Iraq's stability and security and showed a "keen desire" to enhance economic collaboration between the two countries. 

In addition, they delved into strategies for strengthening collaboration in the energy sector through OPEC+ and the major Russian companies' contribution to various projects across different sectors as part of Iraq's strategic development roadmap.

https://shafaq.com/en/Iraq-News/Iraqi-PM-discuss-the-regional-situation-with-Russia-s-ambassador

"RV UPDATE" BY PIMPY, 6 FEB

 Pimpy

  I'm sure by now you've heard already the United States is striking more targets...What we don't want to see is things escalating.  There was an emergency meeting called to figure out what it is Iraq wants to do or needs to do.  What we hope is their decision is not to enter into a conflict with the United States.  

   Where do you exchange your currency?  It's going to be at your local [bank] branch.  There are no redemption centers.  Some places won't charge you fees depending on how much.  Some of them have a flat rate.

What they're trying to do is a study of the deletion of the zeros.  They're trying to figure out how this is going to affect Iraq, to make sure they are in a position to go ahead and remove the zeros off the Iraqi dinar - currency, not the exchange rate.  Because once they make that decision...the citizens are going to be a little confused, there's going to be a slight interruption to the economy and to businesses who have to change all their bookkeeping as well as prices throughout Iraq...You need to educate the Iraqi people about what's going on...