[via PDK] I do have one Iraqi contact that is convinced we are in a day or two. I think he may be premature…but he is convinced it is this week. He does work in the Iraqi government so he may know more than I do. I am hoping he does. But I am keeping an eye on it.
I heard there will be more activity from Redemption banks for later this month as they are getting some last minute instructions...
They even used the term “Last minute instructions” So I take that as a very good sign. I am hopeful we are in the last few days or weeks at worse….
Question: Do you think things have started? MarkZ: After this week I have no doubts that things have started. And are well underway. I think we are in the rollout process right now.
The agenda of the Sudanese visit to Washington and his accompanying delegation was revealed
4/10/2024
An official source in the Ministry of Foreign Affairs revealed the agenda of Prime Minister Muhammad Shiaa Al-Sudani’s visit to the United States next week.
The source said, “The visit scheduled for the fifteenth of this month to Washington will include, in addition to the Prime Minister, a number of Iraqi military and security leaders,” adding that “the file of the American forces, the role of the international coalition, and the American sanctions on Iraqi banks and financial institutions, will be discussed.” Header of the files to be searched.
He stated that the visit will draw "a new picture of cooperation between Iraq and the United States, including setting a schedule to review the American military presence in Iraq," stressing that the expected announcement of the meeting between US President Joe Biden and Sudanese will include American support for the Iraqi forces, and in the field of development and reconstruction as well.
Al-Sudani is scheduled to visit Washington on the 15th of this month. LINK
Article: "Advisor to the Association of Banks: The Central Bank is following a consistent approach to achieving banking reform"
Quote: "the management of the Central Bank of Iraq plans to gradually cancel the window for selling foreign currency during the year 2024, until it leaves it completely." ..
.this is huge news... Iraq cannot end the auctions unless they have an alternative to the auctions... which means they plan to float the dinar by the end of the year...floating the dinar will give them a new mechanism to maintain the dinar, the CBI will buy and sell blocks of dinar like other central banks do to maintain their currency...
They will also have to use dinar to pay for goods and services which will make the dinar internationally traded...they want the banks and Iraq to establish relationships around the world with International standards and full compliance which means that means IMF Article XIV...This seems pretty clear and excellent news. We very well see that Iraqi dinar float on the global market at the end of this year or early next year...I think it's very promising...it definitely is very good news.
Al-Hakim and Al-Khazali in the Eid sermon: We support Al-Sudani’s visit to Washington and hope for its success
4/10/2024
Asaib Ahl al-Haq, Qais al-Khazali, said today, Wednesday, that the visit of Prime Minister Muhammad Shia al-Sudani to Washington is important and we hope that it will be a success. The leader of the National Wisdom Movement, Ammar al-Hakim, also expressed his hope that the visit will enjoy Iraqi support and consensus to enable the government to facilitate dialogue and negotiation.
Al-Khazali during the Eid sermon, followed by Network 964:
The position of Prime Minister Muhammad Shiaa Al-Sudani, and the coordination framework, is clear in not agreeing to the continuation of the foreign military presence.
The Prime Minister's upcoming visit to Washington is important, and we hope that the visit will be a success.
There is international will, planning, and action that created the terrorist organization ISIS, and the Iraqis are able to complete their security and political sovereignty.
Al-Hakim during the Eid al-Fitr sermon, followed by the 964 network:
There is an upcoming visit by the Prime Minister to Washington and a meeting with the President of the United States of America and senior officials there. We believe that this visit is important and must have Iraqi support and consensus to enable the government to facilitate dialogue and negotiate the future of Iraqi-American relations, which are taking on new dimensions according to the ongoing discussions, dialogues and negotiations. .
Iraq wants to establish a strong partnership with all countries of the region and the world within the framework of mutual respect and common interests, while respecting its sovereignty and preserving its independence by all, and in a sound atmosphere that enables everyone to make the right and fruitful decisions. LINK
Article quote "Al Sudani uttered a very important phrase,
'keep the dinar...I bear witness that the Iraqi dinar will return to its lofty economic value as it was'..." Lofty economic value is not 1310. It's not 1159. It's not 1182 or 1160 or any of those number. It's back to previous era like they said. They shut this thing down at...$3.22...
The true value from the IMF...estimates were about $2.80. Those are their words not mine and in print...They can support it...Remember, Iraq was at $35 a barrel of oil. It's $85 right now. Then add in all the extra revenue streams that we know of...They're massive and they're just going to keep growing.
Article: "Dinar and dollar " This piece was from March 4th, 2024 and is redone again fresh today.
By stating they are going to overthrow the dollar very soon will be making it hard for the citizens to want to let their dinar go. Al-Sudani stated as we noted before to keep the dinar, as it will return to its lofty economic value, as it was before.From, what we know, there is a lot of issues on the table that are exchange rate oriented.This is a good sign.. imo. They are not letting the idea or the expectations of increased value to the dinar go away.