DINAR REVALUATION

Sunday, April 7, 2024

Federal Bank & IMF Restored VND Value At $3.80 | Dong RV Done |Iraqi Din...

Parliamentary Foreign Affairs: reveals the need to appoint 100 ambassadors to Iraq, 7 APRIL

Parliamentary Foreign Affairs: reveals the need to appoint 100 ambassadors to Iraq

Haider Al-Salami, a member of the Parliamentary Foreign Relations Committee, reaffirmed on Saturday that Iraq requires one hundred ambassadors to effectively represent the country abroad.

“There are infractions against the Foreign Ministry’s legislation concerning the nomination of ambassadors, which states that the shares of candidates from political parties should not surpass 25%,” Al-Salami stated.

He also stated, “The foreign service law regarding selecting ambassadors stipulates that their selection be 75% from within the ministry.”

He said, “The ambassadors file is still suffering between the Ministry of Foreign Affairs and the House of Representatives, pointing out that Iraq needs to appoint a new group and a large number of ambassadors,”

And he clarified that “what is happening is that fifty percent of the ambassadors are determined by the political blocs and 50 percent by the ministry.”

"RV UPDATE" BY CLARE, 7 APRIL

Clare

Article: "Iraq will become an "alternative" to the Suez Canal" Quote: "Iraq will become, during the next few years, a 'center' for international trade between the East and the Middle East and the West.”

Article: "Iraqi economy faces threat as US closes oil revenue account" Quote "...with the closure of the DFI [Development Fund for Iraq] account, Iraq's oil revenue is now being directed to a new account, referred to as IRAQ2. This transition raises concerns...banking specialist Kamaran Qadir Yaqub...warns the protection previously afforded to Iraq's revenue may no longer be guaranteed."

Article: "Al-Shammari reveals the most prominent files of Sudanese’s visit to Washington and the government’s ambition regarding the dollar" Quote: "Al-Sudani's visit to Washington will be practical and will not be for taking pictures...The Iraqi delegation will ask the American side about the reasons for their decisions to impose sanctions on Iraqi banks... Our expectations are that the visit will be very successful..."

Clare

Article "Statement from Press Secretary Karine Jean-Pierre on the Visit of Prime Minister Mohammed Shia’a Al-Sudani of Iraq to the White House" Quote "On April 15, President Joe Biden will welcome Prime Minister Mohammed Shia’a Al-Sudani of Iraq to the White House to coordinate on common priorities and reinforce the strong bilateral partnership between the United States and Iraq."

Article: "Al-Sudani intends to visit Washington to lift the ban on banks prohibited from dealing in dollars "

Quote: "The head of the Iraqi Securities Commission, Faisal Al-Haimas, announced that three Iraqi banks were sanctioned by the US Treasury, and 25 banks were banned from dealing in dollars ; ."

Article: "The Central Bank announces an understanding with the US Treasury to reconsider sanctions and indicates 'illegal trade' "

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-clare-19-march.html

Here's how much dinar the UST IMF WTO and World Bank are holding 04/06/24

World Bank: Al-Faw Port put Iraq on the path to global trade, 7 APRIL

World Bank: Al-Faw Port put Iraq on the path to global trade

Today, on Friday, Ibrahim Dajani, the Director of the World Bank’s Transport Sector for the Middle East and North Africa, reaffirmed that Al-Faw Port has put Iraq on the global commerce route connecting the Middle East and Europe.

“Once the Al-Faw port is occupied, Iraq will be placed on the path of global trade between the East and Europe, which will provide opportunities for investment in logistical centers and industrial and commercial activities, as well as job opportunities for young women and men,” stated Dajani in a blog post shared on social media.

He stated: “I am happy with the Iraqi government’s decision to enter into a partnership with the World Bank to achieve this important endeavor.”

"RV UPDATE" BY MILITIAMAN, 7 APRIL

Militia Man

They're going to pay salaries and they're going to start pumping oil. They're going to have to have some sort t of value in those assets and what we believe is that we're looking for is a real effective exchange rate...

They are ready to resume exports at any time. Why? Because they have the systems in place. Iraq's natural resources are phenomenal...these guys have so much natural resources it's not even funny.

Raising the value of your currency is going to help make it easier for sustainable development and deducing the phenomenon of cash. In other words if you have a 1 to 1 ratio you have a significant reduction in cash do you not? I think you do. If it was at a previous era, for instance...$2.80, $3.22..wouldn't that be a phenomenon of less cash in the economy? Of course it would.