Executive order 13303 was the protection of the DFI funds of their oil money. All protected by the United States of America...
No one could sue Iraq. Now it's different, this executive order has come to an end...Iraq's new currency exchange rate is under the DFI funds... 13303 was not sighed. This is good. It is fantastic because...as long as the executive order was in place Iraq could not reinstate its currency...
There's nothing like the facts. Everything they're telling the Iraqi citizens is a fact because it's coming from the right sources.
Adviser to the Prime Minister: Iraq is within the safe range countries in terms of paying foreign debts
Today, Thursday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed the reasons for reducing annual allocations to pay off foreign debts, while noting that Iraq is among the countries in the safe range in terms of debt repayment.
Saleh said to the Iraqi News Agency (INA): “According to international standards in calculating the ability of the national economy to bear the burden of external debt, Iraq is among the group of countries in the safe range in terms of the global standard for the ratio of the external debt stock,” indicating that “the gross domestic product According to estimates, it does not exceed 20 percent, while the global measure of the debt-to-GDP ratio allows up to 60 percent.
He explained, “Given Iraq’s regularity in repaying its external debts due annually, of which only approximately 20 billion dollars remain, the annual allocations to pay external debts through the federal general budget allocations have begun to show a clear decline and decrease in the amount of external debts due, and this has been reflected.”
This is in the 2024 budget tables regarding allocations for external debt payments, compared to the 2023 budget tables, with a difference of decrease that may exceed a billion dollars.
He added, "Thismatter is reflected in Iraq's high creditworthiness in repaying itsdebts to external creditors and its commitment to repayment since theParis Club Agreement in 2004 until the present. These are annual financial allocation mechanisms whose installments and interest are paid on a regular basis through the annual general budget, and they are decreasing. This means that the external debt gap is heading towards shrinking and then almost disappearing.”
He noted that "theParis Club Agreement in 2004 dropped more than 100 billion dollars ofIraq's pre-1990 debt after Iraq obtained a discount on its debts at thattime, which was 80 percent and more, and only a little of the remnantsof those debts remained after it was removed." The remainder of it has been scheduled and is paid annually according to a precise and regular accounting mechanism on the part of Public Finance and the Central Bank of Iraq, and the continuous decrease in its allocations is demonstrated by the amount of the decrease in the annual allocation of external receivables from the debts that must be paid and their waiver annually link
....Does Iraq need the Oil and Gas law in place prior to the RV? I have to tell you that there is nothing in the 2011 Dr Shabibi plan that tells us it does. Remember back in 2012-2013 he had signoffs from everyone and was moving forward. Did they have the Oil and Gas Law passed. Of course not. So, I believe anything is possible.
So now, we are just waiting for the “giant” leap when the CBI gives them the second rate change. This should bring in much if not all the remaining currency back to the banks that they need desperately for the economy. This second rate change should coincide with the project to delete the zeros. Let’s keep our fingers crossed and PRAY!
Their words not mine…..No Rumors, No Hype, No Opinions ,,,,,
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! š š š
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! .....