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US STATE DEPARTMENT URGES BAGHDAD AND ERBIL TO END OIL DISPUTE, 6 APRIL

US STATE DEPARTMENT URGES BAGHDAD AND ERBIL TO END OIL DISPUTE

Mawazine News-Baghdad
The US State Department announced that the United States will continue to seek the resumption of the export of oil to the Kurdistan Region, an issue in which it has engaged “at the highest level,” calling on all parties to reach an agreement on this regard.

Washington is urging Baghdad and Erbil to work together, ministry spokesman Matthew Miller said at a press conference, noting that during their meeting today, the US and Iraq foreign ministers discussed the problems between Baghdad and Erbil.

In this regard, he pointed out that the US Secretary of State told his Iraqi counterpart that “stabilizing relations between Erbil and Baghdad will bring economic benefits to all Iraqis,” noting that “will be a good thing for the region, and we encourage the two partners to work together.”

On Washington’s efforts to resume oil exports, he said that “the United States has engaged at the highest level in this issue, and we urge all parties to reach an agreement to resume the export of oil via the pipeline.”

"RV UPDATE" BY MNT GOAT, 6 APRIL

"WHAT ARE THE NEX STEPS" BY MNT GOAT, 6 APRIL

 Mnt Goat   

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... there is much work to be done yet before we go off to the bank to exchange...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...FOR READ MORE: https://dinarevaluation.blogspot.com/2024/04/what-are-nex-steps-by-mnt-goat-6-april.html

"WHERE THE DINAR IS RIGHT NOW?" BY MNT GOAT, 5 APRIL

 MNT GOAT

PRESERVING FOREIGN RESERVES. AN IRAQI ACADEMIC STUDY ANSWERS THE QUESTION “THE STABILITY OF THE IRAQI DINAR AGAINST THE DOLLAR”

(This article is a history less of what happened in the past 4 years, even covers the Covid pandemic time period. But we want to know where the dinar is right now. Go to the next article for this information.)

Shafaq News / At a time when the price of the dollar is still fluctuating between high and low, and forcing the market to live in a state of confusion, because the hard currency constitutes an important tool in Iraqi trade, being a trade that depends on imports in most of the products in the local market, a researcher whose master’s thesis was discussed, at the Faculty of Administration and Economics at the University of Tikrit, on Monday, some possible solutions to hold and control the price of the dollar, as his message came about the role of the bank The central bank and the window of selling the currency and their role in the stability of the dinar against the dollar and the importance of maintaining foreign currency reserves .

Ahmed researcher Abdullah Okil told Shafaq News Agency that “the study aims to know and measure the extent of the impact of some of the Central Bank’s tools in achieving the stability of the exchange rate of the Iraqi dinar against the US dollar during the period (2004-2022) in order to know the places of imbalance and negatives that hinder the stability of the value of the local currency according to what suits the nature of the Iraqi economy, as the goal of maintaining the value of the local currency was the main goal of the bank in order to maintain the level of prices mainly related to the exchange level local dinar against the US dollar.”

He added that “the variables of the study were analyzed and measured according to the program (Eviews 13), and it was found that there is a positive relationship between some of the Central Bank’s tools as independent variables and the official and parallel exchange rate as dependent variables in the short term, with some negative and positive correlations for some variables in the long term, as it was noted that some tools were ineffective in influencing the currency exchange rate, such as the legal reserve, the rediscount rate and open market operations, but the impact of some of them was limited to inflation.”

He pointed out that “while the impact of the interest rate and the window was positive on the value of the local currency as a result of its reduction to the nominal exchange rate, and this indicates the ability of the Central Bank to influence the stability of the exchange rate of the local currency against foreign currency, especially through the window of sale of currency throughout the study period, except for some last years of the study period, as the nominal exchange rate returned to rise, as well as the case in the parallel market by a decision of the monetary authority represented by the Central Bank, for the purpose of facing public expenditures. And facing the repercussions of the global health crisis related to the Corona epidemic and the accompanying decline in oil prices, which is the main source of the US dollar due to the rentier nature of the Iraqi economy.”

He continued: “It was also noted that the gap between the official exchange rate and its counterpart in the parallel market increased due to the increase in demand for foreign currency, and the study made a number of recommendations, the most important of which is to continue to work in the window without overusing foreign reserves and diversifying sources of obtaining foreign currency by advancing development and activating the real sector, industry and agriculture, in order to achieve a reduction in imports, which reduces currency depletion, in addition to tightening control measures to prevent the smuggling of foreign currency and works that affect the supply of it, which contributes to to stabilize the exchange rate of the local currency.”

He stressed that “continuing to work in the window of selling currency without wasting foreign reserves, and diversifying the sources of obtaining foreign currency so that the exchange rate does not remain hostage to oil prices, as it is almost the only source of obtaining foreign currency.”

He pointed out that “advancing development in Iraq, activating the real sector, activating industry and agriculture to reduce imports to relieve pressure on foreign reserves of the dollar, keeping the Central Bank away from political pressures and granting it the necessary powers to deal with fluctuations in the economic situation, including exchange rate fluctuations, and tightening control measures to prevent the smuggling of foreign currency abroad so as not to affect the supply of foreign currency, and thus the value of the local currency.”

https://dinarevaluation.blogspot.com/2024/04/where-dinar-is-right-now-by-mnt-goat-5.html

Vietnam Dong big positive new for dinar investors after long time 🔥Vietn...

"RV UPDATE" BY TRITH WARRIOR, 6 APRIL

 TRUTH WARRIOR

🇺🇸💥❤️🇺🇸. Zimbabwe is going on the gold backed currency system!  💥💥💥.  This is very good for those who hold Zim bonds!  🇺🇸💥❤️🇺🇸

"WHERE THE BANKS WOULD GET THE CASH LIQUIDITY THAT THEY NEED?" BY TRUTH WARRIORS, 11 MARCH

 TRUTH WARRIOR

🇺🇸💥🇺🇸. Remember that on March 11, Monday, there won’t be anymore money to lend for loans.  What will the banks do? 💥💥💥. How long would that go on before the banks break not having any money? Boom boom boom 💥💥💥.

 What they will need is their own liquidity of cash.  💰💰💰. 

Where would they get the cash liquidity they need?? 

From the people redeeming their foreign currency. 💥💥💥.

 That money will be immediately invested in the banks at a special high interest rate!  💥💥💥.

 It will be a win-win situation for everyone!  Let’s Go! 🇺🇸💥🇺🇸👇👇👇

https://dinarevaluation.blogspot.com/2024/03/where-banks-would-get-cash-liquidity.html

"RV UPDATE" BY BEARDED PATRIOTUSA, 6 APRIL

"WHERE THE QFS COMES IN?" BY BEARDED PATRIOTUSA, 12 MARCH

 BEARDED PATRIOTUSA

Family: PLEASE READ AND PAY CLOSE ATTENTION TO WHATS HAPPENING……IMPORTANT!!!

👇👇👇👇👇👇👇👇👇👇👇

🚨🚨🚨ALERT ALERT ALERT🚨🚨🚨

The collapse of Bitcoin will come when the sovereign bond market collapses.

The Fed ending BTFP all coincides with Basel III

In that the Bank of Japan must be Basel III compliant by March 31st, 2024 (this month)

Janet Yellen will need to issue $5 trillion in new bonds this month (March).

That’s NEVER going to happen for her.

At a time when foreign dollar holders are repatriating their ($150 trillion) dollar reserves to buy back their own currency from the U.S. Treasury.

EXAMPLE: Iraq is using their U.S. dollar reserves to buy back their Dinar from U.S. Treasury which is pushing the exchange rate of the Dinar up considerably.

Then those countries are using *that currency exchange swap to acquire the renminbi in the 4X for the oil trade.

(Foreign dollar holders are just using those dollars to swap out for renminbi)

This is why Japan is ending negative rates, where the Bank of Japan uses their Dollar reserves (bonds) to buy back their yen from the U.S. Treasury. 

Japan raising rates means they’re going to collapse their bond market. (Basel III)

Bitcoins intrinsic value is ZERO.

There IS NO Bitcoin without Dollar liquidity. (i.e. U.S. Treasury bonds)

Whomever is buying UST bonds with yen is a shadow bank.

This is where the QFS comes in.

The U.S. Dollar is likely to crash this month.

https://t.me/Bearded_PatriotsUSA/15720

Responding to your comments regarding REER 04/06/24 BY PIMPY