Thursday, April 11, 2024
The Dollar Is On The Sudanese Dialogue Table In Washington.. Al-Awadi Talks About The Future Of The Iraqi Dinar, 11 APRIL
The Dollar Is On The Sudanese Dialogue Table In Washington.. Al-Awadi Talks About The Future Of The Iraqi Dinar
Economy |Baghdad today – Baghdad The Iraqi government spokesman, Bassem Al-Awadi, confirmed today, Thursday (April 11, 2024), that the dollar file and the work of banks will be strongly present during the visit of Prime Minister Muhammad Shiaa Al-Sudani to Washington, suggesting that the dinar’s situation in the future will be better.
Al-Awadi said in an interview with “Baghdad Today” that “after the file of activating the strategic framework agreement between Washington and Baghdad and the security aspect, the economic file will be present and strongly during the Prime Minister’s visit to the United States,” indicating that “the relationship with the US Treasury and the Federal Bank continues and the dialogues are ongoing.”
“It did not stop with them over the past year, as there were several mutual visits, announced or unannounced, to discuss this issue.”
Al-Awadi added, “The Sudanese will discuss the issue of banks and the economic and administrative reform of financial institutions and banks, as well as the dollar file,” explaining that “the price of the dollar ranged within the range of 147 thousand dinars for every 100 dollars during the short period at a time when the government took over its duties and the price of the dollar against the dinar was approaching.” From 148 thousand, meaning that the price is lower than before.”
He stressed that "the solution to the dollar crisis does not come with the push of a button. Rather, it requires economic reforms and includes many aspects, including political and economic ones.
It needs a period to regulate the banks and reap the fruits of the central bank's packages and the government's decisions, which in general are beginning to bear fruit through a gradual decline in the exchange rate of the dollar against the dinar." ", stressing that "there are assurances from the economic team supervising the issue, and we expect that the situation of the dinar will be better in the future."
It is hoped that, a few days from now, Prime Minister Muhammad Shiaa Al-Sudani will visit Washington and the White House to meet with US President Joe Biden.
Last March, the White House announced that on April 15, the White House would receive the Sudanese President, stressing that the leaders would reaffirm their commitment to the Strategic Framework Agreement, and would work to deepen their shared vision for a secure, sovereign, prosperous Iraq fully integrated into the broader region.
He pointed out that President Biden and the Sudanese Prime Minister will consult on a range of issues during the visit, including our shared commitment to the permanent defeat of ISIS and the development of the military mission nearly ten years after the formation of the successful global coalition to defeat ISIS.
He stated that they will also discuss the ongoing Iraqi financial reforms to promote economic development and progress towards Iraq's energy independence and modernization. LINK
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Al-Sudani: We Are Working To Correct The State’s Economic Paths, 11 APRIL
Al-Sudani: We Are Working To Correct The State’s Economic Paths
Money and business Economy News – Baghdad Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Wednesday, that the government is working in all directions and stability has been achieved thanks to the blood of the martyrs, while he indicated that the government is working to correct the state’s economic paths.
A statement from the Prime Minister’s media office, received by Al-Iqtisad News, stated that “Al-Sudani received ministers, heads of bodies, deputy ministers, and military and security leaders from various formations and categories of our armed forces, as well as heads of federations and unions, and a number of tribal sheikhs and notables from Baghdad Governorate, congratulating them on the occasion of Eid Al-Fitr. ".
He added, "The Sudanese exchanged congratulations with the well-wishers, praying to God to protect Iraq and the Iraqis, and to grant our homeland and our people the blessing of security and stability."
The Prime Minister stressed - according to the statement - that “security and stability require that the state be productive and stable and perform its duties in the correct manner,” noting that “the government is working on these benefits in stages, and at the beginning of its work it focused on services, in order to reassure citizens that they are serious.” The government and its commitment to its programme.
Al-Sudani stressed, "This government is not working in one direction, but rather has a group of files in all directions, including critical issues related to correcting the state's economic paths, as it is working to address them, which will have a major impact on the state in the future."
He pointed to "the government's efforts to arm and modernize the Iraqi army and armed forces and to develop internal security services," stressing that "enhancing reassurance in the work of service institutions and ministries will be matched by reassurance among investors and businessmen inside and outside Iraq."
He concluded by saying: "The security and stability that has been achieved is thanks to the blood of the martyrs and their sacrifices." 04/10/2024 - https://economy-news.net/content.php?id=42361
Zimbabwe has reverted to the gold standard, 11 APRIL
One of his first decisions was a complete overhaul of the national economy and financial system. This approach wasn’t new for Zimbabwe: in the last decade, the country introduced and then removed from circulation ten independent currencies, each plummeting steeply and rapidly losing value. Introducing the gold Zimbabwean dollar aims to stabilize the exchange rate and help the country combat endless inflation. Unfortunately for Zimbabwe, the gold standard might only last for a short period.
The country’s gold reserve currently stands at just one ton of gold, barely enough to cover one month of imports at current volumes. President Mnangagwa is trying to address this issue by seeking additional international aid and opening the country to foreign investors. Success, however, remains elusive. Most international investors view Zimbabwe with caution, a country perpetually suffering from military coups and civil wars. Companies willing to consider investments are usually affiliated with military corporations and special services, posing a significant threat to the current president’s regime. The viability of Zimbabwe’s “gold” experiment will be tested over the next six months, as the country faces challenging negotiations with international creditors.
Bruce’s Big Call Dinar, 11 APRIL
Bruce’s Big Call Dinar Intel Tuesday Night 4-9-24 REPLAY LINK Intel Begins 1:03:30
Welcome everybody to the big call tonight. It is Tuesday, April 9th, and you're listening to the big call. Thanks for tuning in. Difficulty pairing my headset to my phone so I'm gonna go without the headset for right now let's I can figure that out -- So, hope everybody's doing well -- Let’s go ahead and pray the call in
All right, well thank you, Bob. Appreciate it. Ler’s touch on the intel a little bit and see where we think we are. I've been trying to keep up with everything over the last week or so. And I've done a fairly good job of getting information but I'll tell you as it is right now, for hearing from some top people at Wells Fargo, that this is sort of ready to go.
We've heard a couple of things - we've heard by Thursday, meaning Wednesday or Thursday, we should have the numbers and be able to act on those.
We've heard the possibility of anywhere from tomorrow through Friday.
So we're right there and the word that comes back at least twice me has been “we’re right on top of this” -- This is right on top of us. I think it should be ready to go here within a day or so.
So I know this much I know that there was a conference call held Saturday for 45 mins with all the redemption centers involved - It was really interesting because they actually threatened everybody.
We saw a threat to anybody leaked any information. First they were going to call it treason, if any information leaked out -- from people in the redemption center staff. Then they backed away from that a little bit --
Say, Well, we're not going to call it treason on you - but we're going to do is keep you from receiving any commission? Because remember, the people that exchange us, pick up point 025% of our exchange.
It comes out of a Bank side, I guess you'd call it and then they said - Well, I’m call treason but they're going to remove their commission if anybody's caught leaking information to us.
So that was a little bit of a positive change
And maybe we are right there where they haven't been - not able to you know, to receive commission - The people that exchange us pick up point, 025% of our exchange -- the banks come out ahead and we come out ahead - everybody comes out a winner - with removing commission would mean they would receive no benefit - so I think it's a good thing that we are, you know that people are not to leak any information out. That's why the intel for right now, very, very limited.
We only found this out through friends of people that were involved in exchange process. So I think we are looking as close as tomorrow or Thursday for these numbers to come out. That could end up being a Charlie Ward Thursday again, even though that was supposed to be a week ago - It wasn't –they are waiting on the release codes from the Treasury.
So it's all about the Treasury again.
You know, moving forward with everything that we need, and I don't think I don't think it's a big deal to wait much longer -
I don't think there's much of a reason for it. I think we're looking at this should happened any day. So that's what I'm gonna say is how close we are. Like I said, they've said this, we're right on top of this and so I’m going to believe that’s the case –
I think that we are also looking for NESARA and GESARA to kick in this month, not it wasn’t the first week of April, like we had been told, because today is what the ninth we thought we'd have that already. Sorry, we didn't we think the increase in Social Security is still in April. So from that point of view, But as far as anything else - it is so limited right now to get that information .
I'm just literally gonna wait. see if that's what this is. if we're gonna get this in the next couple of days.
For some people said, you know, this is gonna go between now and Friday, Between now and Monday. I think it's super close. We just have to wait and let it manifest to us that’s what it amounts to you know, we're looking for - We're looking for things to show up for us to move forward – I think for between now and Friday probably - which is not that far away.
So let’s do this – let’s pray the call out. But before we do that - Really, they're not a lot to say, because the sources are drying up. We don't necessarily like that - We like information but the fact that it is quiet and the fact that the redemption center staffs were threatened. You know by not receiving any Commission for working with us –that’s pretty strong indication that we're that close. So let's do this. Let's pray the call out and we’ll take it from there.
