DINAR REVALUATION

Thursday, March 21, 2024

Iraqi Dinar🔥Even Bigger Announcement Very Important Tonight For Iraq 202...

Wednesday, March 20, 2024

UNITAD ends work ‘early’ after straining relations with Iraqi government, 21 MARCH

UNITAD ends work ‘early’ after straining relations with Iraqi government

Shafaq News / A United Nations mission formed to help Iraq investigate accusations of genocide and war crimes by ISIS, was forced to finish its work early before completing the investigations, after its relationship with the Iraqi government was strained, according to Al-Hurra.

The cancellation of the mission, formed in 2017, comes nearly 10 years after the terrorist organization overran large areas of Syria and Iraq, while many of the organization’s victims remain displaced in the camps and yearn for justice.

Christian Richer, head of the UN investigation team to promote accountability for crimes committed by ISIS, told Reuters in an interview: “Has the work been done? Not yet, and that’s pretty clear.”

He added: “We need more time. And if we set a deadline in September 2024, we will not have completed the progress of investigations or other projects, such as a central archive of millions of evidence.

Critics of Iraq’s decision to end the mission say it will hamper efforts to hold more ISIS elements accountable, after UNITAD team contributed to at least 3 convictions, on charges of genocide and other international crimes in Germany and Portugal.

They also say it casts doubt on Iraq’s commitment to holding ISIS members accountable for such crimes at home.

For his part, the prime minister’s foreign relations adviser, Farhad Aladdin, told Reuters that the investigation team was “no longer needed” from Baghdad’s point of view, considering that the team “did not cooperate successfully” with the Iraqi authorities.

He added that the mission “has not responded to repeated requests for sharing evidence, and must do so now before ending its work.”

https://www.shafaq.com/ar/سیاسة/يونيتاد-تنهي-عملها-مبكرا-بعد-توتر-علاقاتها-مع-الحكومة-العراقية

"RV UPDATE" BY PIMPY, 21 MARCH

Pimpy [Response to Guru Jeff's budget/ exchange rate posts 3-19-2024 below]

They are going to amend the budget with or without a rate change....Does it make sense for you to release the budget before they increase the exchange rate because then you have to turn around and redo the budget and make all the changes to the budget using the new exchange rate.

So no, it doesn't make sense to release the budget before you change the exchange rate. You would change the exchange rate then go through and amend all of your budget because the money you've allocated obviously has changed...

The suspension of the funds has to do with corruption. The reforms can be activated without changing the rate. They're going to reallocate revenue from oil to help fund all these reforms...

Dinar RV News Today🔥Breaking Down Iraq's Currency Reform & Implications ...

Iraq’s accession to the European Bank for Reconstruction and Development, 21 MARCH

Iraq’s accession to the European Bank for Reconstruction and Development

Mawazine News Baghdad

The Iraqi Fund for Foreign Development at the Ministry of Finance announced, on Wednesday, that the Republic of Iraq joined the membership of the European Bank for Reconstruction and Development (EBRD) after the approval of the accession law by the House of Representatives.

Finance said in a statement, received by Mawazine News, that this comes within the ministry’s vision to strengthen cooperation and communication frameworks between Iraq and international financial institutions, and after the continuous coordination of the Fund with the management of the European Bank and the completion of the Iraq contribution process and the completion of all documents related to accession.

The Fund stressed, according to the Finance Statement, that accession will enable the European Bank to finance projects within the country, promote development for different sectors, support the entrepreneurship initiative and support the private sector through investments, participate in policy dialogue and technical assistance.
The European Bank for Reconstruction and Development (EBRD) is a London-based multilateral development bank, focusing on investment as a tool to rebuild market economies in beneficiary countries, with a focus on supporting the private sector and its investments in advisory and political activities, the statement noted.
According to the Iraqi Finance, this bank is helping countries develop their policies to promote energy self-sufficiency or renewable energy markets.

https://www.mawazin.net/Details.aspx?jimare=244232

"RV UPDATE" BY JEFF, 21 MARCH

Jeff

Iraq technically does not need to amend the budget if they're not changing their rate. The budget already covers their operating expenses. But they would need surplus funds to cover the reforms. The reforms are contingent upon the rate changing.

They can't bring these reform package forward if the rate does not change. The only reason they're amending the budget is because the rate is changing...The step of amending the budget can happen either before or after the rate changes ... They will probably announce Thursday or Friday as to when they plan to amend the budget, which they'll probably do around this weekend...

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...