Friday, February 9, 2024
Al-Sayhoud confirms that the government will proceed to remove the occupier from Iraq, 10 FEB
Al-Sayhoud confirms that the government will proceed to remove the occupier from Iraq
Information / Baghdad...
MP for the State of Law Coalition, Mohammed Al-Sayhoud, confirmed on Friday that the government will proceed to remove the US occupation forces from Iraq.
Al-Sayhoud told Al-Maalouma that "the repeated targeting by US forces of Iraqi security sites and national figures is a targeting of autonomy, pointing to "the decision of the House of Representatives to remove US forces from Iraq."
"The government and the government are proceeding with their dialogues with the international coalition to set a timetable for the exit of these forces," he said.
He explained that "the issue of the exit of US forces from Iraq and the handover of military bases is just around the corner, because there are assurances from the Iraqi government to proceed with this issue."
"RV UPDATE" BY SANDY INGRAM, 10 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
Kuwait receives oil revenue in its currency. Wrong. Kuwait is a member of OPEC and receive its oil revenue in US dollars just like Iraq. It's all about how you spend your profits. This is why the IMF encourages Iraq to create more streams of income...
Parliamentary Talk About Financial Dues To Oil-Producing Governorates, 9 FEB
Parliamentary Talk About Financial Dues To Oil-Producing Governorates
Economy 2024-02-09 Today, Friday, the Parliamentary Oil, Gas and Natural Resources Committee called for granting the oil-producing governorates their dues in the budget for the current year.
Committee member Bassem Al-Gharibawi said in a press interview, “The budget includes a law under which oil-producing governorates are granted financial dues in the event that the price of oil rises above the number specified in the budget, but this matter has not been implemented.”
He added, "There is an urgent need for action by Parliament, especially the Finance and Strategic Planning Committees, to follow up on the dues of the oil-producing governorates in order to ensure that they obtain their dues within the budget."
He confirmed, "There are actual parliamentary movements to ensure that the dues reach the producing governorates," explaining, "The Parliamentary Oil Committee did not approach the federal government regarding this matter, but it moved toward the Ministry of Oil to find out the extent of its implementation of the government program and curriculum." https://kirkuktv.net/AR/Details/19585
"QFS CONVERSATION " WITH GOLDILOCKS, 9 FEB
GOLDILOCKS
On February the 15th, 2024, the Commodities Futures and Trading Commission is holding a commission open meeting.
The following two items along with many others are on the table to be discussed:
* Requirements for Designated Contract Markets and Swap Execution Facilities
* Foreign Boards of Trade
The table is being set for the general public to meet with the CFTC regarding over the counter products such as foreign currency exchanges to understand the new rules regarding these trading products.
© Goldilocks
https://www.cftc.gov/PressRoom/PressReleases/8862-24
"RV UPDATE" BY BRUCE, 9 FEB
Bruce
[via WiserNow]
...we're being told by our redemption center people that we are in for a very exciting weekend.
we did get information...that is pointing to this going very soon...So there’s a 4 letter word that we don’t use that often. ...from...main sources...we will be going in for exchanges before or by Friday morning...It looks very good...I think this could be a very interesting week, weekend into next week...
...redemption centers are ready. The rates have been coming up on the screens of banks and redemption centers...they are significantly higher at the redemption centers than the banks...And I think you guys will be more than pleased...
...we've heard from a couple of...sources that we should be there...with notifications by [Friday]...and maybe we do get started [Friday] or Saturday but we should go right through the weekend...I think that's great news for us...Even though we didn't get started [Thursday] like we had thought, like we had hoped...I was honestly surprised we were not going to get started [Wednesday]... So things are moving forward...I think it’s coming ...I think it's got to, you just have to say super patient like we’ve been...
Al-Sudani Directs To Equip Border Forces With Modern Weapons And Secure All Their Technical And Security Requirements /Expanded, 23 NOV
Al-Sudani Directs To Equip Border Forces With Modern Weapons And Secure All Their Technical And Security Requirements /Expanded Thursday 2...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...