During Erdogan’s visit to Baghdad.. About 40 memorandums of understanding will be signed between Iraq and Turkey, 22 APRIL

During Erdogan’s visit to Baghdad.. About 40 memorandums of understanding will be signed between Iraq and Turkey

Shafaq News / Informider sources said, on Sunday, that dozens of memorandums of understanding will be signed in various aspects between Baghdad and Ankara during the visit of Turkish President Recep Tayyip Erdogan scheduled for Monday to Iraq.

During Erdogan’s official visit to Baghdad, which will begin tomorrow, the sources told Shafaq News, the signing of about 37 multi-faceted memorandums of understanding.

She added that one of the most important memos is the strategic framework memorandum for cooperation between the two countries, of which five committees and two agencies: security, water, economic, energy and transport branches.

The Iraqi ambassador to Ankara, Majid Al-Lajmawi, confirmed, on Saturday, that the visit of Turkish President Recep Tayyip Erdogan to Baghdad will contribute to resolving the outstanding files between the two neighboring countries, and will witness the signing of a strategic framework agreement.

Turkey’s defense minister Yashar Güler announced last Wednesday that President Recep Tayyip Erdogan will conduct an official visit to Iraq tomorrow, Monday, his first since 2011.

Earlier, Turkish President Recep Tayyip Erdogan had confirmed that the water issue would be one of the most important items of his agenda during his visit to Iraq, while hinted at a visit to Erbil after Baghdad.

Erdogan pointed out that Turkey is considering requests made by the Iraqi side regarding water, stressing that they will seek to solve this problem with them, arguing: “They want us to solve it and our steps will be in this direction, and there are also issues related to the flow of natural gas and oil to Turkey, and we will seek to address it as well.”

https://shafaq.com/ar/سیاسة/خلال-زيارة-ردوغان-لبغداد-قرابة-40-مذكرة-تفاهم-سيتم-توقيعها-بين-العراق-وتركيا

"RV UPDATE" BY FRANK26, 22 APRIL

 Frank26 

  Like we told you IOO he [Al-Sudani] gave orders to have the screens put up.  I don't know how long it's going to take for him to make this announcement to the Iraqi citizens but I just don't see it happening much longer...

 It seems to me the pattern of these bank stories that I've been receiving are changing more in the  direction that, 'Yeah, we know.  We don't know when.  We don't know what to tell you.  We don't know how much...but yeah we know what's going on. '    

[Al-Sudani Q and A in Washington DC 1 hour 28 minute mark]  Community Member:  The question was asked...Is the government thinking of revaluing the dinar and reinstating the value of the dinar due to the current circumstances in the markets or do you see that it say the same?  

Sudani replies by saying 'This policy is dedicated by the central bank and the governments abide by what the CBI decides.  Right now I believe we are in the best status that we could be in...We started the reforms...this is going to raise the level of the value of the Iraqi dinar.'  He told the whole world...

Iraqi Dinar | Showing New Rate On Bank Screen Congratulates IQD Investor...

The relationship reveals the central bank’s reserve. dollars and gold, 22 APRIL

The relationship reveals the central bank’s reserve. dollars and gold

Governor of the Central Bank of Iraq, Ali Al-Alaq, announced the foreign reserve in the bank.

“The central bank has a foreign reserve of more than $100 billion,” Al-Alaq said in a press statement.

“We have more than 130 tonnes of gold reserves, most of which are in England,” he added.

Al-Alaq pointed out that “the volume of trade with the UAE is up to 17 billion dollars and is paid in UAE dirhams.”

Al-Alaq pointed out that “Abu Dhabi First Bank is the one that handles the process of commercial transfers in UAE dirhams.”

https://alforatnews.iq/news/العلاق-يكشف-احتياطي-البنك-المركزي-دولاراً-وذهباً

"RV UPDATE" BY BREITLING, 22 APRIL

 Breitling  

  LOP...people that are smart, economist, get this wrong.  The underlying definition is hyperinflation.  How do people fight it?  By removing the zeros.  Nothing wrong with that.  It's smart.  But it's hyperinflation.  People will point out incorrectly, look at Iraq... The best analysis I've read is that it [the dinar] was worth at it's height 2.25 to the U.S. dollar...Iraq has never had a customer problem.  That's where you find the hidden value in this investment.  It's not hyperinflation..

There is inflation but it's 100% policy based inflation.  You had this currency that was worth a lot of money...What was their number one export?  

Energy.  Then war came along.  You had war inflation.  But did Iraq's customer base change?  No.  Did their oil producing output change?  No, it went up.  That's where you're going to find the value.  That's where the value is coming from.  That's it.

Iraqi Dinar🔥RV Update Of Iraqi Dinar By MNT Goat Today 2024🔥iraqi dinar ...

Iraq surpassed Saudi Arabia in its oil exports to America last week, 22 APRIL

Iraq surpassed Saudi Arabia in its oil exports to America last week

The US Energy Information Administration announced on Sunday that Iraq’s oil exports to America have increased over the past week.

“The average U.S. imports of crude oil last week from 8 major countries amounted to 4.832 million barrels per day, down 265,000 barrels per day from the previous week, which amounted to 5.097 million barrels per day,” the administration said in a schedule.

She added that “Iraq’s oil exports to America came in second place after Canada, where they reached 308 thousand barrels per day last week, up by 166,000 barrels per day from the previous week, which amounted to 142,000 barrels per day.”

The administration also pointed out that “America’s most oil revenues during the past week came from Canada at a rate of 3.458 million barrels per day, followed by Colombia with an average of 246,000 barrels per day, and from Saudi Arabia at a rate of 229,000 barrels per day.”

According to the table, “the amount of US imports of crude oil, from Mexico was at a rate of 208,000 barrels per day, from Brazil at a rate of 189,000 barrels per day, from Nigeria at a rate of 173,000 barrels per day, and from Libya at a rate of 21,000 barrels per day.”

It also did not import any amount of Ecuador and Russia.

https://alforatnews.iq/news/العراق-يتجاوز-السعودية-في-صادراته-النفطية-لامريكا-الاسبوع-الماضي