DINAR REVALUATION

Saturday, March 2, 2024

Iraq Enters Global Trade Market💣RV/RI Imminent!?🤔Iraq Dinar RV Updates |...

Masrour Barzani and Brett McGurk agree to strengthen the security of the Kurdistan Region, 2 MARCH

Masrour Barzani and Brett McGurk agree to strengthen the security of the Kurdistan Region, 2 MARCH

Shafaq News/ The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, and the White House Coordinator for the Middle East and North Africa, Brett McGurk, stressed the importance of enhancing the security and stability of the region and protecting its constitutional entity.

A Kurdistan government statement received by Shafaq News Agency on Friday stated that Barzani met (yesterday, Thursday) at the White House with McGurk, and they exchanged views on the latest developments in Iraq and the region, in addition to discussing ways to strengthen bilateral relations.

The meeting also witnessed a mutual agreement on the importance of enhancing the protection of the security and stability of the Kurdistan Region, protecting the constitutional and federal entity of the region and preserving the rights of all its components.

https://shafaq.com/ar/%D9%83%D9%88%D8%B1%D8%AF%D8%B3%D9%80%D9%80%D8%AA%D8%A7%D9%86%D9%8A%D8%A7%D8%AA/%D9%85%D8%B3%D8%B1%D9%88%D8%B1-%D8%A8%D8%A7%D8%B1%D8%B2%D8%A7%D9%86%D9%8A-%D9%88%D8%A8%D8%B1%D9%8A%D8%AA-%D9%85%D8%A7%D9%83%D8%BA%D9%88%D8%B1%D9%83-%D9%8A%D8%AA%D9%81%D9%82%D8%A7%D9%86-%D8%B9%D9%84%D9%89-%D8%AA%D8%B9%D8%B2%D9%8A%D8%B2-%D9%85%D9%86-%D9%82%D9%84%D9%8A%D9%85-%D9%83%D9%88%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86

"IMPORTANT IRAQ NEWS: AFTER THE TRADE EXCHANGE VOLUME EXCEEDED ONE BILLION DOLLARS.. AN IRAQI-SYRIAN MOVE TO ADOPT CURRENCIES OTHER THAN THE DOLLAR " BY MNT GOAT, 2 MARCH

AFTER THE TRADE EXCHANGE VOLUME EXCEEDED ONE BILLION DOLLARS.. AN IRAQI-SYRIAN MOVE TO ADOPT CURRENCIES OTHER THAN THE DOLLAR

The head of the Iraqi-Syrian Business Council, Hassan Sheikh Zaini, revealed that the volume of trade exchange between Iraq and Syria has exceeded the billion-dollar barrier, while pointing out that there is a mechanism to adopt currencies other than the dollar in this exchange.

Sheikh Zaini said, “The joint committees between the two countries are looking for a mechanism for trade exchange away from the dollar, since Syria currently exchanges in the European currency (the euro),” according to the official newspaper.

He added, “ There are other platforms and currencies that Syria exchanges with other countries, and Iraq may benefit from them in the event of trade with them, especially with the volume of exchange between the two countries reaching more than a billion dollars annually.”

He stated that “the two countries may use the Russian ruble, the Japanese yen, the Chinese yuan, the Emirati dirham, or other currencies to sustain trade exchange between them,” calling for “the establishment of banks for commercial exchanges to enable the possibility of abandoning the dollar and creating another platform in this regard.”

He pointed out that “the use of other currencies in trade exchange between Iraq and Syria reveals the two countries’ need for each other, by benefiting from products of various types, industrial and agricultural.” He explained, “There are joint Iraqi-Syrian committees at most levels, such as agriculture, industry, trade, transportation, customs, and everything related to food and medicine. They supervise the entry routes for goods and seek to overcome many obstacles that may hinder joint trade between the two countries.”

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

Iraqi Dinar🎉 Iraq Ready for the WTO-WTO: A Game Changer for Iraq's Econo...

KRG PM Barzani's Washington Talks; Salah ad-Din and Basra Political Turmoil: Iraq's Governance Challenges, 2 MARCH

KRG PM Barzani's Washington Talks; Salah ad-Din and Basra Political Turmoil: Iraq's Governance Challenges

On February 24, Kurdistan Regional Government (KRG) Prime Minister Masrour Barzani arrived in Washington, D.C., to meet with U.S. Secretary of State Antony Blinken. Their discussions focused on several critical issues including Erbil's budget disputes with Baghdad, halted oil exports through Turkey, the Sinjar Agreement, and recent controversial decisions by Iraq's Federal Supreme Court affecting the Kurdistan region. This meeting underscores the ongoing complex political and economic negotiations between Erbil and Baghdad, with international implications.

Political Struggles and Resignations

The political landscape in Iraq saw significant developments with the resignation of Salah ad-Din's governor-elect, Ahmed al-Jubouri, on February 25. Citing insurmountable political struggles, Jubouri decided to step down, highlighting the intense political maneuvering and challenges facing local governance in Iraq. His resignation came amid controversies, including being initially blocked by President Abdul-Latif Rashid over allegations of prior convictions. This event reflects the turbulent nature of political appointments and the fragility of governance structures in the country.

Parliamentary Oversight and Investigations

In another twist of governance and accountability, the acting speaker of Iraq's parliament, Mohsin al-Mandalawi, announced on February 27 the creation of a parliamentary committee. This committee is tasked with investigating alleged violations by Basra's governor amidst the disbandment of the provincial council. The move has sparked significant controversy, particularly among allies of the governor, who view the committee, chaired by a Kataib Hezbollah affiliated lawmaker, as politically motivated. This development points to the ongoing power struggles and the complexities of maintaining oversight in Iraq's political landscape.

Executive Appointments and Legal Controversies

Adding to the political turmoil, Prime Minister Mohammed Shia' Sudani's Cabinet appointed five new members to the board of commissioners of Iraq's Communications and Media Commission (CMC) on February 27. This action was immediately met with criticism from the parliamentary legal committee, which argued that the Cabinet overstepped its bounds, as it can only nominate candidates for parliament to vote on. This incident underscores the ongoing tensions between different branches of Iraq's government and the challenges in adhering to legal frameworks and processes.

The recent political and diplomatic events in Iraq, highlighted by KRG PM Masrour Barzani's talks in Washington, reflect the multifaceted challenges facing Iraq's governance. From budget disputes and halted oil exports to political resignations and legal controversies, these developments underscore the complexities of managing a country at the crossroads of significant economic, political, and security transitions.

https://bnnbreaking.com/politics/krg-pm-barzanis-washington-talks-salah-ad-din-and-basra-political-turmoil-iraqs-governance-challenges

"RV UPDATE" BY PIMPY, 2 MARCH

Pimpy

Here's the biggie everybody is celebrating. We're not there yet but very close. Article: "Iraq has completed requirements to join WTO: Minister" We have to wait till they get voted in. Yes they completed all the steps. Let's hope they keep their nose out of trouble and finally get accepted...Iraq is right there at the cusp, man, it really is. This is big news.

We personally do not exchange our currency with Iraq. What happens is if the sanctions are lifted, they revalue the currency, we take our currency down to our banks, we exchange the Iraqi dinar for US dollars...If that bank...buys and sell foreign currencies they would keep it on their books as an asset. If they turn it over to the Federal Reserve then the Federal Reserve would be dealing with Iraq as far as swapping the US dollar for the Iraqi dinar but most banks are going to keep it on their books.

That's why you don't have to worry about whether Iraq has enough US dollars. It's going to be whether your bank has enough dollars and since everything's going to be digital there's not going to be a problem with that. That's how it's going to happen all around the world. You're going to be able to go into your bank, exchange your IQD and that's who you're exchanging it with. Iraq does not have to have all those US dollars to cover the IQD because banks are going to hold them on their books as foreign reserve assets.