Iraqi dinar Groundbreaking Decisions Approved! What's the Major Announce...

Al-Sudani confirms that Iraq is continuing to achieve the goal of raising the level of exchange and integration with countries, 18 FEB

   Al-Sudani confirms that Iraq is continuing to achieve the goal of raising the level of exchange and integration with countries

Today, Friday (February 16, 2024), Prime Minister Muhammad Shiaa Al-Sudani confirmed that Iraq is continuing to “raise the level of exchange and integration with the countries of the region.”

A statement from his office received by Baghdad Al-Youm stated that Al-Sudani met with Lebanese Prime Minister Najib Mikati, on the sidelines of their participation in the 2024 Munich Security Conference, and during the meeting, they “discussed bilateral relations between Iraq and Lebanon, and ways to enhance exchange in aspects of common interest.” “In the interest of the two brotherly countries.”

Al-Sudani pointed out, "The continuation of the aggression against Gaza, and the threat it causes to stability in the region, and the necessity of stopping this aggression and preventing its expansion, in addition to stopping the genocide to which the Palestinian people are being subjected, and attempts to expand the conflict through attacks on brotherly Lebanon and its borders." 

He reaffirmed "Iraq's progress in achieving the goal of raising the level of exchange and integration with brotherly and friendly countries in the region, in a way that provides the means for development and opportunities for its people, and the means to overcome economic crises."

For his part, Mikati stressed "Lebanon's keenness to establish security and stability in the region, and to continue constructive cooperation with Iraq in all fields, expressing his thanks and appreciation for the Iraqi positions in support of Lebanon, and providing fuel and support to support the Lebanese people in facing economic difficulties and challenges."  link

"RV UPDATE" BY BRUCE, 17 FEB

 Bruce 

  [via WiserNow]   ...According to one of our strong sources...we're at the position where we could get notified...Friday or Saturday with our notifications and hopefully start by Saturday for exchanges ...we should be able to get started, hopefully within the next couple of days. 

 [via WiserNow]  I know that there are rates on the bank screen I know that they should be locked in.  ...We should also have rates on redemption center screens, which is the better way to go...you should be absolutely thrilled with the rates that are available for all of our currencies.

 ...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...

https://dinarevaluation.blogspot.com/2024/02/rv-update-by-bruce-11-feb.html

CBI Insider Speaks Out, Anticipating Program Rate Increase Amidst Parall...

Al-Sudani to the British Foreign Minister: The government seeks to end the presence of the international coalition in Iraq, 17 FEB

  Al-Sudani to the British Foreign Minister: The government seeks to end the presence of the international coalition in Iraq

 Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Friday, that the government is seeking to end the presence of the international coalition in Iraq.

A statement from the Prime Minister’s Media Office, received by Earth News Agency, stated that “Prime Minister Muhammad Shiaa Al-Sudani received British Foreign Minister David Cameron, on the sidelines of his Excellency’s participation in the Munich Security Conference 2024.”

The statement added, “During the meeting, the Prime Minister discussed bilateral relations between Iraq and the United Kingdom, and the importance of upgrading and strengthening them in all aspects, in a way that serves the common interests of the two friendly countries,” noting that “Iraq today represents fertile ground for investments and economic work, and that the doors of investment are open.” In front of British companies.

Al-Sudani stressed that “the government seeks to organize work with the international coalition, move towards ending its presence in Iraq, and move to multiple bilateral relations with the coalition countries.”

Regarding the situation in Gaza, Al-Sudani pointed out “the necessity for the major powers to exercise their role in ending the ongoing war in the Palestinian territories, and stopping its repercussions on the security of the region and the world, and the necessity of protecting civilians and providing urgent humanitarian aid to them, after the comprehensive destruction caused by the occupation forces in the Gaza Strip.” “.

For his part, Cameron expressed “his country’s desire to expand relations with Iraq, in a way that achieves mutual benefit,” stressing that “these relations should not be limited to the security aspect, which is being organized through Britain’s participation in the international coalition. Rather, his country desires to create Multiple partnerships with Iraq, especially in the economic and development aspects.”  link

"RV UPDATE" BY PIMPY, 17 FEB

 Pimpy  

 When you take the three zeros off the 25000 dinar you only have a 25 dinar.  It give the impression of a stronger currency because it doesn't look like an over inflated currency.  It didn't say it's going to be stronger.  It says...Deletion of the zeros is to give the impressionof a much stronger currency.  It gives people confidence...If they do that before they change the exchange rate we are ass out.  We need to figure out how to swap our currency for the new currency...What did I say we wanted to avoid?  A redenomination until we see it go up in increments..Now all of a sudden they're talking about forcing Iraqi people to bring inter dinar by redenomination.  Man, this is looking bad.

Question "Just be blunt...Make it simple.  If someone holds a million dinars what is the most  one can get from this amount over the next several years?"  I've been blunt about this...It depends on how long you hold it.

  Let's  say it starts to go up in increments like I think it's going to happen, you have to look at your 1 million dinar and think to  yourself, 'Am I going to be happy with the current exchange rate.'  

 It really depends on when it gets to a rate that you like.  As  long as they can stay out of conflict, continue moving forward like they have with reform, getting back in the World Trade  Organization, showing back up on Forex, these things are very important on give value to the Iraqi dinar. 

(2/17) URGENT IRAQ NEWS