[Sudani] is going to need some exceptional strength, which is exchange rate oriented to do business deals with the likes of GE...big oil companies...big solar energy...
They're looking to get people in the steel industry, rebar industry, cement companies because they're going to need more than Iraq has on the ground. They're going to want the support from around the world and Al-Sudani is stating he's ready for business and opening to the world.
Iraq has met the required security and stability in country that is needed to be productive and to perform her duties as a nation to her people in a correct and internationally acceptable manner. If she hadn't she wouldn't be where she is now, which is out from under the protection of EO 13303 outside the DFI.
Al-Sudani was supposed to be in Washington on the 15, well it sounds like he's arrived and it sounds like he has the Central Bank delegation with him and it sounds like Al-Alaq is with him which would be a really good thing...They said he was going to be here on the 15th, it turns out he's early which is phenomenal...
Expert: The Sudanese visit will activate 11 items in the strategic framework agreement, one of which is security
4/14/2024
The security expert, Sarmad Al-Bayati, suggested activating 11 items in the strategic framework agreement during the visit of Prime Minister Muhammad Shiaa Al-Sudani to Washington.
Al-Bayati said: For the program {Free Speech} broadcast by Al-Furat satellite channel this evening, it was stated that: “The visit has been planned for a long time and within Al-Sudani’s statement that Iraq wants the United States as a strategic partner free of wishes. The main purpose of the visit is to activate the strategic framework agreement, which includes 11 sections of... "Including the security item."
He added, "Al-Sudani will meet with the US President, the Secretary of State, the National Security Advisor, the US Treasury Undersecretary, and others during the visit, and will sign new partnerships and contracts with American companies, including those specializing in energy."
Al-Bayati continued, "As for the security aspect, America will be the mediator by importing weapons from foreign companies to preserve Iraqi money, and the government is determined to end the military presence on Iraqi territory."
He added, "We have high-frequency radars, and France was contracted to import low-frequency radars. America did not force Iraq to buy weapons, but the defect in air defenses, as well as the danger of the terrorist ISIS, still exists in remote extremist areas."
Al-Bayati concluded by saying, "The Western countries proposed to Iraq the activation of the railway between Basra and Mosul to transport goods to Europe, and Turkey is moving forward to participate in the path of development, and internal problems have hindered the activation of many agreements."
Al-Sudani begins his visit to Washington by meeting with the Iraqi community: Your country is different today
4/15/2024
Prime Minister Muhammad Shiaa Al-Sudani began his official visit to the United States, by meeting with the Iraqi community in Washington and other American states, on Monday. While he pointed out that the relationship with Iran and America is an advantage for Iraq that can be used to reduce tension, he stressed that “Iraq today Different from before."
Al-Sudani announced, during his speech to the Iraqi community, the work on a study to establish a department for expatriate affairs, in order to achieve effective communication with Iraqi communities in the world, pointing out that the government is looking for competencies away from quotas.
He said that his visit to the United States is important. To clarify his government's vision about the shape of the relationship with America, stressing that "Iraq today is different from what it was in 2014, because ISIS no longer poses a threat to Iraq... Iraq today is witnessing unprecedented recovery, stability, security, real development, and tangible services in all parts of the country."
Al-Sudani continued: “We want to move to bilateral relations with the countries of the international coalition after the victory over ISIS, similar to the countries of the region, including security relations. The first meeting of the founding committee stipulated in the framework agreement will be held, and there will be periodic meetings of this committee.”
Regarding the tensions in the region, the Prime Minister pointed out that “Iran is a neighboring country with which we have common interests, and America is a strategic ally and our relationship with it is important,” explaining that “the relationship with Iran and the United States is an advantage for Iraq, and can be used to reduce tension, and this is what happened in every situation.” crises in the region. LINK
... I am not sure why, but this Kuwaiti dinar has been in the news so much lately...Remember Dr. Shabibi told us that when Iraq does get reinstated its nominal rate will be no more than around 25% higher than the Kuwaiti dinar. Remember this is when the Iraqi dinar finally settles down to its nominal after the onslaught by the market once reinstated for trading. Does this mean the Kuwaiti dinar could also revalue?
...quote – “the Kuwaiti dinar has maintained its position as the most expensive currency in the world for many years, and its exchange rate against the dollar is currently 1 to 3.25..."...
Will the Iraqi dinar over run the long-standing Kuwaiti dinar in its position as the most expensive currency in the world? ...we can clearly now see something BIG is about to happen to these currencies.
Shafaq News Agency followed the data and tables issued by the Ministry of Finance in April for the January accounts of the current fiscal year, which showed that oil is still the main resource for Iraq’s general budget, reaching 89%, which indicates that the rentier economy is still the main basis of the country’s general budget...
the “rentier” economy is the oil economy of Iraqi. But...even with the “rentier” economy alone the Iraqi dinar can still maintain a realistic rate of at least $3 or more and this is not considering all the other assets and the 2/3 more oil Iraq is pumping and selling since 1991 when the dinar was just around $3