Monday, April 15, 2024
Rashid, al-Araji discuss security developments following Iran's attack on Israel, 15 APRIL
Rashid, al-Araji discuss security developments following Iran's attack on Israel
Shafaq News/ Iraqi President Abdul Latif Jamal Rashid convened a meeting on Sunday with National Security Advisor Qasim al-Araji to discuss "recent developments in the region," a readout by his bureau said.
Rashid,according to the readout, received al-Araji and a delegation National Security Advisory at the Peace Palace in Baghdad.
The meeting addressed "the country's security situation, the importance of protecting stability and ensuring citizen security, and preserving the gains made in the fight against terrorism and the pursuit of its remnants and funding sources."
Rashid and and his guest discussed the conditiona of prisons and correctional facilities in the country and agreed on streamlining the release procedures of the convicts who have served their sentences.
The meeting also discussed the living conditions of internally displaced persons and the government's plans in place to return them to their hometowns and close all displacement camps nationwide.
The two statesmen touched on border security and called for establishing "constructive cooperation" with neighboring countries to tackle threats to border security and achieve mutual interest.
President Rashid urged international actors to "ease tensions" in the Middle East to avoid "widening of the circle of conflict", stressing that "wars will not bring solutions to the people and will deepen the problems between the countries."
The President called for "stopping the aggression against Gaza" and said that finding a "radical solution to the Palestinian issue is a fundamental element of regional stability".
"RV UPDATE" BY MARKZ, 15 APRIL
MarkZ
[via PDK] Question "When do you think the RV will happen?"
I think we are on the precipice and almost there. …and we should see (bare minimum) Iraq with a new value sometime in the month of April …This is just based on a gut feeling and information we see coming in.
Community comment "Sudani looks to be coming to the US on the 15th..." I think it more likely to happen toward the tail end of the 22nd to see our new rate. But Iraqi contacts think Sudani is going to announce it in Iraq before he heads to the US on the 15th…. I hope they are right and I am wrong."RV UPDATE" BY PAULETTE, 15 APRIL
Paulette
Article quote: "Two Iraqi and American sources said that Prime Minister Muhammad Shiaa Al-Sudani will spend a week in the United States, including discussions with President Joe Biden, and a tour of 3 states." Will one State be Florida???? Mar-a-Lago???
IMO UN resolution 1483 will have to be lifted to allow Iraq to be totally sovereign as it established the US and UK as "occupying forces"...This is in essence "Guardianship" or "Receivership"...Absent the lifting, the US has to give Iraq permission to do most anything Internationally including "currency reinstatement"...I am hopeful that internal control of the money structure is exclusively in the hands of the CBI so they can at least move to the RD/RV stage of their monetary reform...If not, the upcoming US visit of Sudani may very well be pivotal... Saleh...recently stated he was unsure of the status of 1483 according to news articles...
This is clearly what the article said... They are weighing changing the rate from 1,320 dinars per dollar to 1.32 dinars per dollar. This is clearly 76 cents to 1 IQD...Currently the rate is 1,320 IQD to 1 USD. Looking it at the other way, this is 0.0007575 USD to 1 IQD. If they drop 1 zero from the exchange rate: 132.0 IQD to 1 USD or 0.007575 USD to 1 IQD. If they drop 2 zeros: 13.2 IQD to 1 USD or 0.07575 USD to 1 IQD. If they drop 3 zeros: 1.32 IQD to 1 USD or .7575 USD to 1 IQD. Therefore, 1.32 IQD to 1 USD is 76 cents to each IQD
...What we want to see posted on the CBI website as to how many IQD are required to purchase 1 USD is 1.00 or less. If they post 3.22 IQD to 1 USD, this would mean 31 cents per 1 IQD.
We want them to post .31 IQD to 1 USD which is then 3.22 USD to 1 IQD. Realize, they post how many IQD it takes to purchase 1 of another currency.
https://dinarevaluation.blogspot.com/2024/03/rv-update-by-paulette-14-march.html
Community Comment: "...The rate doesn't matter but "freedom of movement of capital" is important. That is Article 8 compliance." They cannot be Article 8 compliant if the country is functioning under a MCP. A MCP [Multiple Currency Practices] includes a parallel rate of greater than 2% of the official rate by IMF definition. Saleh said last year that the parallel rate is "REQUIRED" to be 2% or less of the official rate...This 2% or less needs to be maintained for a period of 90 days. The parallel rate is still around 14% difference.
Question: "I thought they met all the requirements [to join the WTO]?" All the articles say they have legislation that needs to be passed and the next meeting is in the "middle of the year.
Question: "When is Iraq supposed to be in the WTO?" Not before they pass needed legislation, eliminate the MCP [Multiple Currency Practices] and are recognized as having accepted IMF Article 8 obligations. Accession Committee next meeting with Iraq is planned for the "middle of the year".
https://dinarevaluation.blogspot.com/2024/03/rv-update-by-paulette-11-march.html
"RV UPDATE" BY CLARE, 15 APRIL
Clare
Article: "Al-Sudani: Meeting with Biden is an opportunity to put the two countries’ partnership on a new basis and expand relations"
Quote: "Prime Minister Muhammad Shiaa Al-Sudani saw the meeting he will have with US President Joe Biden during his visit to Washington next Monday as an opportunity to put the US-Iraqi partnership on a new and more sustainable basis.”
Article "Bankers excited to meet the Treasury Al-Sudani will stay in America for a week.. A source from Baghdad and another from Washington reveal the agenda"
Quote "The Iraqi government source confirmed to the 964 network that Al-Sudani will hold meetings with businessmen, and will be accompanied by Iraqi bank officials...The Sudanese visit lasts a week and includes 3 American states."
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...