Al-Sudani informs the framework of the reasons for his visit to Washington
Iraqi Prime Minister Muhammad Shiaa Al-Sudani informed the Shiite coordination framework of the reasons for his visit to Washington, most notably the arrangement of the bilateral relationship between Iraq and the United States, according to what a leader in the framework said on Thursday.
The leader of the framework, Amer Al-Fayez, told Shafaq News Agency that the coordination framework held a meeting yesterday, Wednesday, in the presence of Prime Minister Muhammad Shiaa Al-Sudani, during which the latter’s visit to the United States of America and the file of electing the Speaker of the House of Representatives were discussed.
He added that the Sudanese presented during the meeting the reasons for his visit to Washington, and that the purpose of the visit was to arrange the bilateral relationship between Iraq and the United States after the departure of the coalition forces, as discussions are now taking place between the joint military committees to arrange and discuss the mechanism for the exit of forces from Iraq.
Al-Fayez explained that Iraq is keen, at the same time, to maintain a friendly relationship with the United States, which is in the interest of both countries in the political, economic and security aspects, as well as in the field of training and military expertise.
He stressed that the visit comes for cooperation between Iraq and the United States, and that Al-Sudani will accompany with him during his visit a number of ministers, members of the House of Representatives, and businessmen for the purpose of making this visit a success, and arranging the bilateral relationship between Iraq and the United States.
He stated that during his visit to Washington, Al-Sudani will focus on developing economic relations between Iraq and the United States.
Iraqi Prime Minister Muhammad Shia al-Sudani is scheduled to visit Washington to meet with US President Joe Biden on April 15, in his first visit since assuming office in October 2022. ink
Okay so let’s look at the second article that came out on Thursday.
I can hardly believe my eyes when I read this next article. This is exactly what I wrote on Wednesday when I began compiling my Newsletter and then on Thursday out pops this article. WOW! WOW! I quote from this second article – “Recently, trends and numbers indicate that a reverse process has begun to take place in Iraq, which consists of reducing cash and getting rid of “surplus printed money” without printing new money in front of it, and increasing banks’ possession of this liquidity instead of leaving it in the hands of the street and citizens”
Does this all make sense to you now? The CBI must shrink the money supply as during inflationary periods typically the central banks print more money but then you have to shrink it to decrease inflation. If you shrink the monetary mass, then each dinar is worth more. Get it? Remember in 2023 they had to print more dinars since they needed to compensate for taking the dollars out of circulation (de-dollarizing). Remember the articles telling us there was a shortage of cash on the streets?
If you force the use of the dinar over the dollar then you have to give the citizens something to use for purchasing, something to work with. Right? Now they need to shrink it back since their reforms were successful in de-dollarizing. But at the same time the use of electronic payments, which we all witnessed are also useful and necessary in this process. This will not only help shrink the monetary mass but also curb corruption. We are literally witnessing the 2011 Dr Shabibi / IMF plan in motion to eventually get to the reinstatement part, we all want to see.
So, do you understand how a few simple articles are packed with so much information telling us so much? In summary of today’s news these are points we should be most aware of:
1.Sanctions on the 28 banks are about to be lifted
2.This will allow these banks to once again deal in dollars, needed to be able to deposit these stashes dollars into the banks
3.Ali Alaq tells us of the urgency on moving ahead with these steps
4.Step #2 will allow the next program, in-country rate change of the dinar just over $1 to occur
5.The next step is the Project to Delete the Zeros
What are the next steps? We know it is the in-country rate needed to support the Project to Delete the Zeros as the next steps and, by design, it is to retrieve all this stashed currency and get it into the banks from the hordes in the Iraqi homes. Common sense then dictates to us that the only way they will be successful in these next steps is to raise the program rate higher over the dollar to create an incentive for this purpose. This will be the second rate change we have been told would occur and have been waiting for.
But remember that with these next steps, this is still in the “program” rate and for in-country only. We will still NOT be able to exchange our dinars outside Iraq until the reinstatement which follows the Project to Delete the Zeros. Get it? Lets’ not go off half-cocked as there is much work to be done yet before we go off to the bank to exchange. But the good part is that once these sanctions are lifted the choo choo is moving again but now even faster down the tracks…. choo! choo! 😊 😊 😊
Please, please stop trying to follow the budget and these other events. Last year these gurus did exactly the same thinking and tracked the passing of 2023 budget, then it passed and yet we sat with no RV. Here we are in April 2024 with still no RV. So, what do these idiots do again? They chase the 2024 budget again. Every year they track these same targets under opinion and not factual reasoning. Just speculation which always leads to nothing.
Another really stupid intel guru notion, and I can’t emphasis enough how stupid, is that the new rate is in the budget. really? Like I told you last year the budgets are always flexible and are NOT based on the rate of the dinar but rather on the future market price they project they can get for a barrel of oil. Understand? It is really very simple. The currency is just an instrument any country uses for business and street transactions. Why in hell would their budget be dependent on the rate of the dinar or any currency? Anyone who tells you this is STUPID and it only shows their ignorance. I would stay away from anything they say! .....
Dollar falls again against the dinar in Baghdad and Erbil
Shafaq News / The exchange rates of the US dollar fell, on Thursday, in the markets of Baghdad, and in Erbil, the capital of the Kurdistan Region.
The correspondent of the Shafaq News Agency said that the dollar prices fell with the opening of the Al-Kifah and Al-Harithia stock exchanges to record 147,100 dinars for every 100 dollars, while it recorded on Wednesday 147,650 dinars for every 100 dollars.
Our correspondent pointed out that the selling prices in exchange shops in local markets in Baghdad fell, as the selling price reached 148,000 dinars, while the purchase amounted to 146,000 dinars per 100 dollars.
In Erbil, the dollar also recorded a decline in exchange shops, with a selling price of 146,900 dinars against the dollar and the purchase price of 146,800 dinars against 100 dollars.
In today’s article the CBI tells us and I quote again – “the governor of the Central Bank promised to submit a report to the US Treasury to lift the ban on Iraqi banks, which number 28 private banks,” expecting “the ban on those banks to be lifted during the coming period.”
Okay, so we all know that when Iraq says “the coming period” it could means days, weeks or even months. But I don’t believe this is weeks but instead more like days in this case. Why do I say this?
I say this because my contact in the CBI is telling me this is “urgent” and they need to get the Project to Delete the Zeros underway. So, to me there must be some sort of time table going on here. The CBI is moving on a clock now. This is VERY GOOD also because it shows they are aggressively moving ahead now once again with the currency reform (monetary reform). This is exactly what we needed to see. Get it? Will it stall again?
I can’t tell you the schedule going forward but I can say there is some urgency to move ahead to the next step of currency reform. Could it be the Israeli/ Gaza strip conflict? Could they want to get the reinstatement done before this situation blows up? Your guess is as good as mine to answer these questions and I am not going to make up stories to sound so smart and then lie to you. Simply put- I don’t know. I am not going to lie and make up stories like these other arrogant, egocentric, know it all intel gurus idiots....
