Iraqi Dinar💥US Treasury Showing New Exchange Rate Of Iraqi Dinar-Iraqi D...

Sudanese Advisor: Iraq Is Within The Safe Range Countries In Terms Of Paying Foreign Debts, 5 APRIL

 Sudanese Advisor: Iraq Is Within The Safe Range Countries In Terms Of Paying Foreign Debts

Economy | 04:32 - 04/04/2024  Mawazine News - Baghdad,  the financial advisor to the Prime Minister, Mazhar Muhammad Saleh, revealed today, Thursday, the reasons for reducing annual allocations to pay off foreign debts, while indicating that Iraq is among the countries in the safe range in terms of debt repayment.

Saleh said, “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, 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, "This matter is reflected in Iraq's high creditworthiness in repaying its debts to external creditors and its commitment to repayment since the Paris 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 "the Paris Club Agreement in 2004 dropped more than 100 billion dollars of Iraq's pre-1990 debt after Iraq obtained a discount on its debts at that time, which was 80 percent and more, and only a little of the remnants of 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.” https://www.mawazin.net/Details.aspx?jimare=245311

"RV UPDATE" BY MARKZ, 5 APRIL

 MarkZ 

  [via PDK]

  Question:  Mark do you think this will happen before 2025?   MarkZ:  Yes I do…I don’t think we will get anywhere close to 2025 before it happens. But, nobody knows the exact timing.

   Question:   Did Iraq get their bank accounts and money back from the US?  MarkZ: YES. This is huge. This is enormous. Iraqs money for oil sales is no longer going through the United States. I was told this is what Iraq has been waiting on before they forced things to fruition...

The closed DFI account is huge… And one of the things I was consistently told from government contacts in Iraq is how hard it has been for them with oil revenues going through the US. This has enormous repercussions for Iraq and their economic sovereignty. 

This is an important key piece that we just saw occur...Now we need the announcement on the HCL front, which I believe has already happened- we just need the announcement.

Iraqi Dinar💥Its Massive President Joe Biden Sign Iraqi Dinar New Exchang...

Coffee with MarkZ, joined by Dr. Scott Young. 04/05/2024

The Securities Commission Calls On The Central Bank To Launch Lending Initiatives, 5 APRIL

 The Securities Commission Calls On The Central Bank To Launch Lending Initiatives

Economy News – Baghdad  Chairman of the Securities Commission, Faisal Al-Haims, called on the Central Bank to launch development initiatives to support the real estate, industry and agricultural sectors.

Al-Haims said in a television interview followed by “Al-Iqtisad News” that he “chaired a committee formed by the Prime Minister, to provide solutions to banks that are prohibited from using the dollar in their daily transactions,” noting that the committee had submitted recommendations to the Ministerial Economic Council that included launching development lending initiatives by The Central Bank, and activating the national exchange for banks that are prohibited from using the dollar.”

He added, "The recommendations also included the use of gold and other commodities in settling financial transactions between banks prohibited from using the dollar and foreign banks."

Views 84  04/04/2024 - https://economy-news.net/content.php?id=42185

"RV UPDATE & BANK STORY" BY GINGER, 5 APRIL

 GINGER

Thurs. 4 April Ginger

 I’m sharing this for what it’s worth. This hasn’t been triple-examined by me yet, but given the movement I’m hearing about with the GCR side – fines and sanctions, farm claims, CMKX payments rumored to be starting – I’m encouraged. These are the steps necessary before moving to Level 4B. Personally I think Friday is too early, prematurely. 

But that’s just my opinion. Take it or leave it. However, I do know for a fact that Reno is not even considered to be on “high alert” yet, as of Wednesday 4.3.24, for Tier 3 bond payments. That’s why I encourage everyone to stand firm and watch the positive movements for what they are: necessary stepping stones. Hang there!

"GINGER BANK STORY" , 17 MARCH

 Fri. 15 March Ginger Bank Story

 “My Chase/JP Morgan Wealth Manager guy was transparent, knew what was going on, shared info, and admitted he had foreign currency and how he was focused on humanitarian needs. I am really surprised he admitted what he did.”

----

 Ginger Q & A: 

Ginger: “Recent rumors that Asia & South America paymasters got the green light for liquidity on Tues. 3 March.”

 Member: “This is great news! Is it only for people in Asia, Colombia/Brazil that got the green light? What about people that have historical bond on T3 in Switzerland? Should they also get the green go light?” 

Ginger: “Please think of this Event like a “human Wave” at a football game. It’s gotta start somewhere…but it’ll get to you and me as we watch it move across the entire stadium – a Global Event which reaches everyone.”

SOURCE: DINARCHRONICLES