!!!!!! Observer: Ending the mission of the United Nations office in Iraq takes Iraq out of Chapter Seven !!!!!!, 8 FEB

 !!!!!! Observer: Ending the mission of the United Nations office in Iraq takes Iraq out of Chapter Seven !!!!!!

Information / Baghdad..
On Wednesday, political observer Sabah Al-Ugaili called on Prime Minister Muhammad Shia Al-Sudani to end the work of the United Nations representation in Iraq, indicating that “if this matter were achieved, it would remove Iraq from Chapter Seven.”

Al-Ugaili told Al-Maalouma, “The time is right for Sudanese to ask the Secretary-General of the United Nations to end the work of its representation in Iraq, especially after Plasschaert announced the end of its mission in Iraq.”

He added, “Plasschaert’s request to end its mission and the Chinese representative’s recognition of the existence of a state of political and economic stability in Iraq gives Al-Sudani the opportunity to ask the Secretary-General of the United Nations to end the work of the United Nations office in Iraq, or at least reduce it, and then Iraq will exit Chapter Seven.”

The representative of the Secretary-General of the United Nations, Jeanine Plasschaert, had asked the Secretary-General of the United Nations that it was her mission in Iraq during her periodic briefing at the UN Security Council yesterday, Tuesday.

It is noteworthy that Iraq has been subject since 1990 to Chapter Seven of the United Nations Charter, which was imposed on it after Saddam’s regime invaded the State of Kuwait in August of the same year. This clause allows the use of force against Iraq as it constitutes a threat to international security, in addition to freezing large amounts of its financial assets in Iraq. International banks to pay compensation to those affected by the invasion.

almaalomah.me

"RV UPDATE" BY SANDY INGRAM, 8 FEB

 Sandy Ingram 

 The CBI must carefully manage the timing of revaluation...[Iraq] has over $100 billion in foreign currency reserves.  The IMF has continually said Iraq needs more income streams to offset the oil industry.  The Development Road Project and several other manufacturing projects are all a part of increasing Iraq's income streams. 

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. 

https://dinarevaluation.blogspot.com/2024/02/rv-update-by-sandy-ingram-6-feb.html

Dong Update🎉 Vietnam Ready for a Dong Revaluation-Iraqi Dinar News Today...

The Kurdistan Region Presidency delegation holds a series of meetings in the US Congress, 8 FEB

 The Kurdistan Region Presidency delegation holds a series of meetings in the US Congress

Shafaq News/ The Presidency of the Kurdistan Region announced Tuesday, that a delegation representing it met in the United States with a number of senior officials in Congress and exchanged views with them about American relations with Iraq  and the Kurdistan Region and the latest developments in the region.

shafaq.com

"RV UPDATE" BY MARKZ, 8 FEB

 MarkZ   

[via PDK]   Article:   “Central Bank of Iraq is facilitating transfers”

  ...this has to do with the electronic platforms...the claim that they made...by government officials that Iraq has the most modern system in the entire middle east.  This is big...It means that government officials will not be able to embezzle etc…this system will be very transparent for the people. This is a key part before they usually revalue currencies.

 A currency dealer was talking about what they can and could no longer buy. The ones that have suddenly disappeared from the market …that are restricted and they cannot buy right now …this is a large scale buyer and they can no longer buy Iraqi dinar, Vietnamese dong, Venezuelan bolivar or Iranian Rial from their normal source. This is an international group that purchases currency.  There probably still are some already at dealers but they will have a hard time replenishing supplies right now….if this doesn’t go very quickly.

https://dinarevaluation.blogspot.com/2024/02/judy-notes-7-feb.html

This Week Could Be It?💣CBI's IQD Rate = $3 - $4?🤔Iraq Dinar RV Updates |...

The banking sector is “at stake”.. What should the Central Bank do to avoid further sanctions?, 8 FEB

 The banking sector is “at stake”.. What should the Central Bank do to avoid further sanctions?

On Wednesday, economist Mustafa Akram Hantoush explained the practical steps that the Central Bank must take to avoid further US sanctions.

Hantoush told “ Jarida ”, “The first step is the platform between Iran and Syria, for the transfer to them to be made through a third country with the approval of the Federal Reserve, and for the traveler to the sanctioned countries to be given money in the currency of those countries, and the borders with the Kurdistan region must be controlled, and transfers must be linked to customs.” and ports (automation).”

He added, “Also, creating a platform for all travelers and making reservations through the Central Bank and not at money exchangers and banks. There are also items such as alcohol, detergents, etc., for which Kurdistan takes a small percentage tax, while Baghdad takes a high percentage, especially gold, which has many problems in Baghdad.” In Kurdistan, it grants licenses easily, so it should be resolved so that the merchant can enter a real platform.”

He stressed, “These steps will address the issue and serve as an argument for the Americans, as the Iraqi banking sector may end within a few months in favor of foreign banks.”

jaredaiq.net