"RV UPDATE" BY SANDY INGRAM, 2 MARCH

 Sandy Ingram

   US Department of State Website Article: "Secretary Antony J. Blinken and Kurdistan Regional Government Prime Minister Masrour Barzani Before Their Meeting"  The Iraqi Kurdistan prime minister has not been in Iraq at all for several days, but in Washington DC, meeting with Secretary Blinken.  They are discussing what went down in the first quarter of this year in Iraq

 Iraq and Turkey have an agreement where people and cargo can begin travel...up through Iraq...into Turkey and...into the Mediterranean Sea, which will allow...faster access to Europe.  This project is expected to increase Iraq's GDP, provide thousands and thousands of more jobs and kickstart Iraq's economy foundation outside of the oil industry. 

 The interest rate in Iraq averaged 6.17% from 2004 until 2024 reaching an all time high of  20% in December of 2007 and a record low of 4% in March of 2016.  6.17% is a high rate, yet they still are having trouble getting  the Iraqi people to put their money into the bank.  Iraq does have a bank deposit protection program similar to the US's FDIC. 

  [Dinar Guru NOTE:  For comparison the average US bank account  offers .47%.  You can find high yield savings accounts that offer  around 5%]    

 The problem for Iraqi dinar investors is no US banks and few banks worldwide will allow transactions using the Iraqi dinar.  

 Bankers turn their noses up when people ask about Iraqi dinar and this is one of the reasons the investment is called shady.

ANALYSIS OF IRAQ NEWS

 Iraq's tourism could easily increase to over 10 billion US dollars a year,  comparing it with Egypt's tourism. 

The problem for people in the United States is no bank in the US will do any transactions using the Iraqi dinar.  Until this changes we have to find other ways to pull our profit out of Iraq.  We can do this.  I found one way and will discuss it in a an upcoming [post]...   

 There is an organized effort in Iraq to never revalue or increase the value of the currency abasing the US dollar or to provide profits for people in the west...Between the different factions within Iraq, revaluing their currency, even when they can afford it, may not be on their agenda...

 Iraq is getting closer to a currency reset...Iraq's rail plans have investors worldwide watching carefully...The rail connection in Iraq from the Gulf to Europe will change Iraq's economy.  This same method of increasing the GDP was recently used by Mexico when they built a connecting rail system...Mexico's exchange rate increased against the US dollar and now Americans are spending more money to live in Mexico... This is one of the major paths that can lead to a higher GDP and a higher value in the currency.  The project is set to start in early 2025.

The International Monetary Fund has consistently recommended Iraq develop additional streams of income outside of the oil industry.  Iraq holds a significant amount of the world's history within its borders...What is  needed is security and safety for travelers.  Once safety issues are address and the Euphrates and Tigris Rivers are flowing again there will be substantial annual revenue to help boost Iraq's GDP. 

 "  Iraq's central bank revokes Iran's Bank Melli operating license"  This article tells us the US is serious about not allowing Iran to have access to US dollars.  It also tells us Iraq is serious about aligning with the US Treasury Department to maintain access to over one hundred billion US dollar of its money in the Federal Reserve.

 Vietnam is making major financial news.  Vietnam factory activity returns to growth status after the pandemic, tourist arrivals increased by 73.6% in January and retail sales are still growing for the 26th straight month.  The inflation rate is at a five month low of 3.7%.  Overall Vietnam has green lights on all growth patterns...Vietnam knows precisely what to do to bring the value of its currency back into the line of profit...

https://dinarevaluation.blogspot.com/2024/02/rv-update-by-sandy-ingram-12-feb_040016202.html

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.