Sudani, where are you going? Three places - Michigan...California...Texas...Sudani goes to visit his people in his private banks...In Texas is where the CBI has its servers for its website. He only has one hour that he's dedicated to Washington DC? ...Six days and 23 hours is for the reforms...This trip is very powerful.
Sudani is walking on the yellow brick road to Washington DC . This is going to be historical trip...not just for Iraq, for both sides...the trip to Washington DC is crucial.
Sudani got on the airplane when you guys were asleep and went to Washington. But here's the thing, Sudani left with an entourage the size of about I think 3 airplanes or more. Sudani is going with an amazing group of people...his whole cabinet...board of directors from the CBI, every important person ever part of their monetary reform process. They are all going...He's going for a week. Sudani is going to see Biden for one hour and the other 6 days and 23 hours are going to be spend on the reforms of Iraq.
Kurdish MP: Sudanese success in the dollar crisis is the most important step in his visit to Washington
4/15/2024 Sulaymaniyah
Today, Monday (April 15, 2024), the representative of the Patriotic Union of Kurdistan, Iman Abdel Razzaq, considered that the success of Prime Minister Muhammad Shiaa Al-Sudani in addressing the dollar crisis is the most important step if completed with his visit to Washington.
Abdel Razzaq said in an interview with “Baghdad Today” that “the Sudanese’s success in this file, lifting the ban on Iraqi banks, and pumping the dollar naturally is the most important success for the Sudanese government if it is fully achieved.”
She added, "The citizen suffered from the dollar crisis, exhausted his pocket, and raised market prices. Therefore, the Sudanese's success in addressing it will be important, and we believe that the visit will be able to address the crisis in agreement with US President Joe Biden."
Officials from the Central Bank of Iraq, led by the Governor of the Bank, Ali Al-Alaq, are among the delegation accompanying the Sudanese on his visit to Washington, while the issue of lifting the ban on some banks prohibited from dealing in dollars in Iraq is on the agenda of the Sudanese visit.LINK
On April 15th President Joe Biden will hold Prime Minister Al-Sudani of Iraq at the White House. This meeting is a crucial opportunity for the United States and Iraq to discuss common priorities and strengthen their bilateral partnership.
Oil has risen to over $90 a barrel...OPEC is cornering itself into position of oil profits by reducing the amount of oil available...
In Zimbabwe, the new currency, Zimbabwe Gold (ZIG) will be circulated alongside foreign currencies. Banks have to convert their current Zimbabwean dollar balances into the new Ziggy currency which will go into effect immediately.
People have 21 days to exchange their old notes and coins for new ones. It is expected the new currency will have a profound on inflation...The new currency is anchored by a composite basket of foreign currency and precious metals, mainly gold...The ZIG has denominations between 1 and 200.
Al-Sudani from Washington: The development road and Al-Faw port projects will create a new Iraq
4/15/2024 Baghdad
Prime Minister Muhammad Shiaa Al-Sudani announced today, Monday, work on a study to establish a department for expatriate affairs. While he indicated that the signing of contracts with Total, the fifth round, and the national effort will enable Iraq to achieve gas self-sufficiency, he stressed that the Development Road and Al-Faw Port projects will create a new Iraq.
The Prime Minister's Media Office stated, in a statement received by Al-Iqtisad News, that "Al-Sudani met with the Iraqi community in Washington and other American states, on the sidelines of his official visit to the United States of America."
He continued, "The Prime Minister expressed his pride and appreciation for the Iraqi communities in the United States and the rest of the world," stressing that "Iraq is for all Iraqis, and the country needs the expertise, experiences, opportunities, and initiatives of Iraqi figures in America."
He pointed out, "Working on a study to establish a department for expatriate affairs, in order to achieve effective communication with Iraqi communities in the world, as the government is looking for competencies away from quotas."
He added, "Our visit to the United States is important to clarify our vision about the shape of the relationship with America," noting that "America granted Iraq preferences in customs exemption and a memorandum was signed with financing institutions worth 5 billion dollars, all of which are not activated within the strategic framework agreement."
He explained, "Iraq today is different from what it was in 2014, because ISIS no longer poses a threat to Iraq," pointing out that "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." .
He stated that "the first meeting of the founding committee stipulated in the framework agreement will be held, and there will be periodic meetings of this committee," stressing that "Iraq is witnessing today an unprecedented recovery, stability, security, real development, and tangible services in all parts of Iraq."
The Prime Minister stated, "The government's first step was to reform oversight institutions, and our measures in combating corruption are professional and not vindictive, as we recovered a lot of money and those wanted in corruption cases who hold other nationalities, and some of the wanted persons voluntarily surrendered themselves to the judiciary."
He pointed out, "The signing of contracts with Total, the fifth round, and the national effort will enable Iraq to achieve gas self-sufficiency within 3-5 years, in addition to starting projects related to refineries," explaining that "2024 will be the last year for importing oil derivatives."
He noted, "Iran is a neighboring country with which we have common interests, and America is a strategic ally and our relationship with it is important, as 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 all crises in the region."
He pointed out, "The US Treasury recorded observations on the work of banks in previous years, and not during the current government that adopted the electronic platform."
He pointed out, “The industrial and agricultural sectors were activated, and idle factories were operated, such as fertilizer, iron and steel production factories,” stressing that “the basis of economic advancement is the belief in the role of the private sector, which was supported by the government.”
He stated that "the development road and Al-Faw port projects will create a new Iraq," pointing out that "the development road is the least expensive and fastest project for transporting goods, and its first principles will be signed during the Turkish president's visit soon." LINK
[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...