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The Prime Minister Unveils A Law To Address The Challenges Of The Private Sector And The Volume Of Exchange With America, 19 APRIL

The Prime Minister Unveils A Law To Address The Challenges Of The Private Sector And The Volume Of Exchange With America

 Political     Today, 09:21  Baghdad – IA   Today, Thursday, Prime Minister Muhammad Shiaa Al-Sudani announced the introduction of a law to address the challenges of the private sector, and while

 he indicated that 80% of transfers are proceeding in accordance with international standards, according to the US Treasury Department,

 he confirmed that Iraq is moving for the first time towards establishing a fixed platform to receive liquefied gas.

A statement issued by the Prime Minister’s Media Office, received by the Iraqi News Agency (INA), stated that

 “Prime Minister Muhammad Shiaa Al-Sudani met in Washington, on Wednesday evening (Baghdad time), a number of heads and representatives of major American companies, in a session held by the Chamber of Commerce. "American". 

The statement added,  "The meeting included a dialogue session with the attendees, where the Prime Minister explained a number of questions that were raised during the meeting, related to the investment environment in Iraq and the facilities provided by the government to the private sector."

During the meeting, the Prime Minister sponsored "the signing ceremony of a number of memorandums of understanding between the Ministries of Electricity and Oil and the Iraq Fund for Development, with American institutions and companies.

 Similar memorandums of understanding were also signed between the Iraqi private sector and American companies in the fields of energy and the pharmaceutical industry."

 The Prime Minister pointed out, during his speech,

 “the openness of the investment environment in Iraq to attract reputable international companies, to participate in the economic renaissance and infrastructure projects that Iraq is witnessing, in addition to the package of financial, banking and administrative reforms that the government initiated and a high percentage of which was completed during the year.” And half a year old.”

 Al-Sudani said during the signing ceremony of memorandums of understanding with major American companies:

“The outcome of the discussions and understandings with the American side was the necessity of continuing to develop bilateral relations in various economic, social and security sectors.”  He added:

 "We agreed to

     strengthen the relationship,

      stimulate the private sector, and

      support the work of American companies in Iraq," stressing that

 "Iraq is witnessing remarkable stability despite the challenges in the region, and

we are working to distance it from hotbeds of conflict and escalation." He explained,

"The government has made important strides in economic reforms and implementing major projects that contribute to solving problems.

"RV UPDATE" BY PAULETTE, 18 APRIL

 Paulette 

  Article:  "Al-Ardawi: The Sudanese government seeks to liberalize the Iraqi dinar and stabilize the economy"  Quote: "The visit comes in a very heated situation and everyone is awaiting its outcomes, and the Sudanese carries...ideas and projects that move towards consolidating the relationship with the American side and transferring it from the process of guardianship to friendship...In a way that allows Iraq to assume its pivotal role in the region."   As I have been stating...Iraq needs the US Guardianship to end!! (UN 1483)

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

🔥 Iraqi Dinar 🔥 After 21 Years New Exchange Rate 🔥 News Guru Update Valu...

Finance Committee: Great Satisfaction With The Results Of The Prime Minister’s Discussions In Washington, 18 APRIL

 Finance Committee: Great Satisfaction With The Results Of The Prime Minister’s Discussions In Washington

 Political    Yesterday, 12:24   Baghdad – INA   The Parliamentary Finance Committee announced today, Wednesday, its great satisfaction with the results of the Prime Minister’s discussions in Washington.

 The head of the Parliamentary Finance Committee, Atwan Al-Atwani, said in a statement received by the Iraqi News Agency (INA):

 “We are following with great satisfaction the results of the discussions of the Iraqi delegation currently visiting Washington, headed by Prime Minister Muhammad Shiaa Al-Sudani.” Al-Atwani affirmed his

 "full support for the positive understandings that resulted from the Sudanese meeting with the American President within the framework of the shift in the relationship between the two countries from the security and military aspects to the areas of development, reconstruction, economy and investment."  Al-Atwani welcomed

 "the US President’s announcement of the United States’ commitment to supporting Iraq to reform and develop its financial and banking system and paving the way for Iraqi banks licensed to deal directly with approved international correspondent banks, in a way that contributes to linking Iraq to the international economic system."  Al-Atwani pointed out,

"We are all confident and proud of the Iraqi negotiating delegation," expressing his hope that "these discussions will be a new beginning to achieve a true partnership between the two countries in various political, security, and economic fields in a way that achieves well-being, prosperity, and stability for our country."     https://www.ina.iq/207013--.html    

Bruce’s Big Call Dinar , 18 APRIL

Bruce’s Big Call Dinar Intel Tuesday Night 4-9-24
REPLAY LINK Intel Begins 58:48
https://www.freeconferencecallhd.com/wall/recorded_audio?audioRecordingUrl=https%3A%2F%2Frs0002.freeconferencecall.com%2Fstorage%2FsgetHD%2FHsCgW%2FHYG0

Transcribed by WiserNow

Welcome, everybody to the big call tonight  –  it is Tuesday, April 16th and you’re listening to the big call. Thanks for tuning in. We’re glad that you’re here, glad that we’re here and we’re able to bring you the call tonight.

All right, Let’s talk about where we are and where at least we believe we are – This was a little bit of a strange last four or five days since the last big call Thursday, because we obtained a little bit of information. But generally speaking, a lot of the sources are very quiet. We don’t have the normal, or what was the normal flow of information.

Typically, that means they’re under new NDA’s . They’ve been asked not to share  0 not to leak information, but let’s put that aside and let you know what we are hearing. What we are hearing is that the bondholders have not received their email  and that we have not received ours yet.

They are being told that they should receive their emails which should at least tell them where they have liquidity, if not give them liquidity tomorrow  –  Where we thought we might get notification this morning, or afternoon today did not happen. But the bondholders are looking forward to getting notified

Now when they get that email, more than likely we  here in tier 4A and B would receive our emails as well. So they’re not going to be that far ahead of us. If they get it. We should be getting ours as well. 

Now, we did a piece of information from someone in the admirals group that spoke to Admiral Bob and was told by him that this individual would have money in his account tomorrow, Wednesday. – we hope that’s the case for that individual in the admirals group.  But it also ends well for us, if basically the admirals group  that was really what we  call  tier 4A – and we are tier 4B the internet group.

 If they do have money found in their account tomorrow. We should also at least get notifications to set up our appointments.

One of the one of the banks that happens to be – it’s a national bank  but not one of the top four or five banks  – they said to us yesterday  that they expected our  exchange to start Wednesday or Thursday, Thursday. That may be the case –

Beyond that we know that we know that Iraq  is doing some things in the US. – And meeting here for some idea exchanges and other types of exchanges here. I think they’re  really getting ready for this – to be known internationally – their reason for this session, my way of thinking the rate on the dinar has not been put out internationally  yet for everyone to know  what that is – but we know that rates are on the screens – all of them  – They’ve been trading upwards, we know that the contract rate on the dinar is still very high and we know that the dong rate isalso moving up in a good direction

And we know that is sometimes hard to get access to  – it looks very good

And the zim is still trading over one dollar , and that’s great, but we’re all gonna be  content its just on par with the USN dollar  Beyond that  Looking forward to this manifesting – we don’t have concrete evidence of it going

But we know that their plan is to get out of it come to us. We all thought maybe something would happen on the 15th That was yesterday. Did not get it – did not receive anything in the way of notifications yet today. I think we can write today off but tonight overnight tonight. Bond holders may get those emails, and we could possibly be one parallel at this point the information that we aare looking  for is a little bit – far and few between

 We have to go is sort of gear ourselves to what we’re hearing about.  The admirals  group – what we’re hearing about the bond holders  – occasionally a bank  weigh in  with what they’re believe the start is going  to be  – like I said which was  tomorrow or  Thursday, but it’s just gonna happen when it happens  you guys.

And it’s like Sue said  we could be basing our entire lives  on this going. I know for a lot of us, we are looking forward to it, including me, I’m not going to kid you -I’m looking forward to it and everything that will follow the RV –

So we’re just going to have to keep our patience level high  and we’re gonna have to track this and just seeif something happens for  us tomorrow

I think there’s a very good possibility of it, But again, to get absolute concrete information. That’s not what Treasury wants. it’s not what the banks want for us. it will happen when it happens. And whereas that’s sort of tough to take sometimes it’s just gonna make us that much stronger when it does come. So, that’s all I’m gonna say tonight  in the way of  information.

So let’s pray the call out. Let’s see where tomorrow takes us .

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