Saturday, February 17, 2024

Prime Minister: Iraq today represents a fertile ground for investments and economic work, 17 FEB

Prime Minister: Iraq today represents a fertile ground for investments and economic work

Mawazine News – Baghdad
Prime Minister Mohammed Shia Al-Sudani confirmed to British Foreign Minister David Cameron on Friday that his government is seeking to regulate the relationship with the international coalition, and go towards ending its presence in Iraq.

“The Sudanese received this Friday morning, British Foreign Minister David Cameron, on the sidelines of his participation in the Munich Security Conference 2024,” the Sudanese office said in a statement followed by Mawazine News Agency.

He stressed that “the government is seeking to organize work with the international coalition, and go towards ending its presence in Iraq.”

With regard to the situation in Gaza, Al-Sudani stressed “the need for major countries to exercise their role by ending the ongoing war in the Palestinian territories, stopping its repercussions on the security of the region and the world, and the need to protect civilians and provide urgent humanitarian assistance to them, after the mass destruction left by the occupation forces in the Gaza Strip.”

https://mawazin.net/Details.aspx?jimare=242190

"RV UPDATE" BY FRANK26, 16 FEB

 Frank26 

  Question:  "Do we have to have our currency for over a year

 For tax purposes, yeah.  If you have your currency for at least one year you're in the about 20% tax bracket.  If you have had it for less than one year and you exchange it you're in about the 40%.  If you have had it for one year and you don't have a receipt, you're in the 40%.  If you've had it for one year and you got a receipt you're in the 20%.

 [NOTE:  Some gurus feel the dinar exchange will be taxed as capital gains, others feel ordinary income and other not taxed at all.  The only opinion that matters is the IRS's - Consult a tax professional at the appropriate time to determine the right tax for your unique circumstances.]

  The CBI is not calling them 'lower denoms', they are calling them 'Lower notes'.  They also explain the need for fractional banking through the coins they will be giving them.  They are not using the word fractional banking with the citizens but they are telling them they will be able to get change so they will not lose money.

 I don't plan to go to a bank.  Can you imagine?


 ...I got 10 million dinars, here...Personally I  don't plan to go into a bank to exchange my currency.   I will have a team ...I'm going to have my lawyer get a hold of the bank and  say, 'I represent Mr. [Frank26] and Mrs. [Frank26] and they want to make an appointment for you to come to their house and collect  a large amount of foreign currency...My lawyer will already know exactly what the bank is going to offer me...The less contact I  have with the bank the better...If you have a small amount then you're going probably go into the bank.

Friday, February 16, 2024

"IRAQI DINAR INVESTMENT TAX IMPLICATIONS CURRENCY INSIGHTS AND REVALUATI...

Barzani and Guterres discuss protecting Iraq’s stability, 17 FEB

Barzani and Guterres discuss protecting Iraq’s stability

 The President of the Kurdistan Region Nechirvan Barzani and the Secretary-General of the United Nations Antonio Guterres stressed the protection of the stability of Iraq, which is important for the whole region.

Barzani met with Guterres in Munich, on Friday, on the sidelines of the Munich Security Conference, and discussed the security and political situation in Iraq, challenges and risks to security and stability in Iraq and the region in general.
 

https://alforatnews.iq/news/بارزاني-وغوتيريش-يبحثان-حماية-استقرار-العراق

"RV UPDATE" BY MARKZ, 16 FEB

 MarkZ  

 [via PDK] 

 Question:  Any chatter from RVcenters...?  

MarkZ:  I know my RV center folks are planning to be on call this weekend.

 ”The Central Bank of Iraq decides to restore the mechanism of financing foreign trade to Iraq starting next March”When they say “Next March” They mean this March of 2024 What does this mean 

This is all about foreign currencies and International Acceptance!   We have been looking for some of these announcements and now we are getting them. They want to strengthen the dinar…This is really great. This is all about international Trade and movement of money.

Comment:  I hear they are moving forward wihin 10 days. MarkZ:  I was told that their goal is by the 20th…but I could live with 10 days…by the end of February...My gut is screaming we will see this in the month of February based on the number of requests to keep us quiet and  the banking anticipation …And, a number of sources say we could get it by the 20th now...I think everything is done and we are just waiting on them to release it...My contacts in Iraq are telling me this…as well as bankers and government contacts. …Things are screaming at us that we are close.
https://dinarevaluation.blogspot.com/2024/02/rv-update-by-markz-16-feb.html

Breaking News Iraq's Government Set to Receive Crucial Funding & Exchang...

Prime Minister Receives NATO Joint Forces Commander,17 FEB

 Prime Minister Receives NATO Joint Forces Commander

Earth News / Prime Minister Mohammed Shiaa Al-Soudani received today, Friday, the commander of the Joint Forces of the North Atlantic Treaty Organization (NATO), Admiral Stuart Munch,

A statement from his media office said “Earth News” said that this came on the sidelines of a participation in the Munich Security Conference 2024, indicating that the meeting reviewed the overall security situation in the region, and cooperation between the NATO mission and the Iraqi security authorities, especially in the field of training and intelligence coordination.

It was also discussed “on a number of issues related to logistical support for the NATO mission operating in Iraq, after the withdrawal of the international coalition to fight ISIS, and the Netherlands taking over the mission of the alliance mission next May.”

The Prime Minister praised “the level of cooperation between the Iraqi armed forces and NATO, and coordination in promoting regional and international security and stability.”

For his part, Admiral Munch expressed his appreciation for the government’s facilitation and support for the NATO mission, operating in Iraq.

MILITIAMAN CC HIGHLIGHT NOTES , 25 NOV

 MILITIAMAN CC HIGHLIGHT NOTES  Summary Iraq’s Central Bank is finalizing its new building, Turkey supports Kurdish oil exports, and budget ...