Al-Sudani...talked about having the dinar be 1.32 dinars to the dollar...turns out to be around $0.76. That's a big bit of purchasing power for the citizens.
Is it what they're going to end up with in the future based off all the natural resources that they...all the non-oil maximized income...tourism, all the extra stuff you never had when Saddam Hussein was in office
?
Saddam Hussein's $3.22 to 1 dinar was based off about $35 a barrel of oil. Oil is pushing $85 today...They have surplus money coming from all these different places...
Al-Sudani talked about having $1.00 equaling 1.32 dinars...I believe in my view is when they drop the three zeros from the exchange rate, what you'll have is about .76 USD. Then they apply the Real Effect Exchange Rate to that. And that's going to be based off of their assets...
Iraq sends technical and military committees to several countries to purchase advanced air defense systems
The spokesman for the Commander-in-Chief of the Armed Forces, Major General Yahya Rasoul, announced today, Monday, the sending of technical and military committees to several countries to contract for the purchase of advanced air defense systems.
Major General Rasoul said, according to the official agency, “Iraq has contracted French radars and a batch of them have arrived, and we are proceeding to complete the radar system in general,” indicating that “there are low-, medium- and high-range radars.”
He added, "The Air Defense Command is capable of radar detection and monitoring the movement of aircraft within Iraqi airspace," noting that "the Military Command, led by the Commander-in-Chief of the Armed Forces, confirms the first priority of the Air Defense Command systems."
He stated that "there are technical and military committees that visited a number of countries and made offers to them, along with reviewing anti-aircraft weapons," pointing out that "when contracting for weapons or advanced systems, this will be announced." link
One of the major things Iraq has to do before they can revalue the currency is they have to pause all of their money. They have to suspend it. Freeze it. As of Friday both the central bank and the government of Iraq paused and froze all their monies. What does that mean to us?
...By them suspending all of their monies between the central bank and the government that makes this [past] weekend...the first eligible weekend for Iraq to be able to revalue the currency...
They have suspended currency auctions from this point forward, through the remainder of March...giving them eligibility to revalue this weekend - having this weekend being the earliest point throughout this entire year to be able to revalue...Iraq was not even eligible to revalue before this weekend...
Sudani reveals progress in ending foreign military presence
Baghdad - Iraq Today:
Prime Minister Mohamed Shia Al-Sudani confirmed progress in ending the presence of the international coalition during his meeting with German Minister of State for Foreign Affairs Tobias Lindner and his accompanying delegation.
A government statement explained that "Prime Minister Mohamed Shia Al-Sudani, German Minister of State for Foreign Affairs, received Tobias Lindner and his accompanying delegation."
During the meeting, Al-Sudani stressed "Iraq's welcome to the presence of German companies and their participation in development projects and infrastructure construction," pointing to "the government's continuation in expanding the investment environment and attracting global expertise, especially with the launch of the development road project and the associated opportunities, and the imminent signing of an agreement by Iraq with Siemens, and other German companies, in the field of gas investment associated with electric power generation," according to the statement.
"The state of stability and security achieved today in Iraq, and the growing capabilities of our security forces, confirm progress in ending the presence of the international coalition and shifting to bilateral relations with member states, especially in the context of the defeat of the terrorist remnants of ISIS," al-Sudani said.
According to the statement, the Prime Minister touched on "the current situation in the Gaza Strip, and Iraq's endeavor to deliver the necessary humanitarian aid to the Gaza Strip under aggression, and to support efforts aimed at a ceasefire and prevent the expansion of the conflict," and called on "the international community to take responsibility in stopping the approach of aggression and the war of genocide to which the Palestinian people are exposed."
The statement added, "For his part, Lindner expressed his appreciation for the size of development, economic growth and security improvement witnessed by Iraq," stressing "the German government's continuation in activating the joint action plan signed by the Sudanese with the German chancellor, during the recent Sudanese visit to Berlin."
He continued, "He also expressed his country's support for the government's steps to end the presence of the international coalition in Iraq," expressing "Germany's readiness to sign a bilateral cooperation agreement with Iraq in the security and military fields, as well as its support for Iraq's position on the need for a permanent ceasefire in the Palestinian territories, and to help the Palestinian people."
FIREFLY:The funding for all of 2024, last Wednesday was suspended...and it was changed...They must be using the new exchange rate.
They said they changed it and then sent it to the Council of Ministers for the review. Then it is to be sent to the House for a vote...It should be going for a vote any time. We think it's going to move to 1.32 making it $0.76 which is not more than the dollar like Sudani promised, until they add the new exchange rate to it. That's what we're expecting.
FIREFLY: Alaq was on TV Channel One talking...with the United States Treasury on reconsidering sanctions on our banks.
FRANK: He's going over there to tell them about the new exchange rate...
