"RV UPDATE" BY CLARE, 3 MAY

 Clare 

 Article: "Advisor to the Prime Minister: The dollar exchange rate in the parallel market is gradually approaching the official one”  

Quote:  "Saleh, explained the dangers of the exchange rate fluctuations in the event that demands for floating the dinar are met, while confirming that the dollar exchange rate in the parallel market is gradually approaching the official one..."

Article: "On a tour that included Karbala, Babylon, and Ur... Two American tourists: We felt  completely safe in Iraq"

 Quote: "Hudson and Emily Crider, travel the world on a mission to explore each country and document its  cultural experiences..

.In a series of more than 20 videos, the Criders detail what it's like to be an American tourist in Iraq,  offer travel tips and debunk misconceptions about the country...They said: As Christians, we found (Karbala) a wonderful city to see and the people were very welcoming. It is really special that they allow people of all religions to come here and learn more  about their beliefs. ”  

---

 Article: "Prime Minister’s Advisor: We will see the dollar fall on the black market soon". Quote:  "The political advisor to the Prime Minister, Fadi Al-Shammari...pointed out that Iraq agreed “with the US Treasury on a road map that includes a third party represented by an international consulting company to audit the procedures of the sanctioned banks, and its decisions are binding on the US Treasury.”

Article:  "CEO of JPMorgan Chase expresses Support for Iraq”  Quote: "Prime Minister Mohammed Shia al-Sudani received Mr. Jamie Dimon, the CEO of JPMorgan Chase, and his accompanying delegation on Wednesday, during his visit to the Washington DC."

 Article: "Vietnam central bank says it’s ready to intervene in forex market; dong now at record low against dollar"

 Quote: "Intervention is possible even today, if needed, State Bank of Vietnam Deputy Governor Dao Minh Tu said at a briefing in Hanoi on Friday.  The dong dropped to a record-low 25,463 per dollar on the day."

Article:  "Al-Sudani stresses the necessity of dialogue with the US Treasury, the Federal Bank, and the International Monetary Fund"   

Quote:  "Al-Sudani stressed that it is not possible to work in any development sector without reform steps for the banking sector, stressing the need to continue dialogue with the US Treasury, the US Federal Reserve, the International Monetary Fund, and other international financial institutions."

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-clare-23-april.htm

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The “Deep State” In Iraq: A Struggle For Power In Light Of A Network Of Corruption And Influence, 3 MAY

 The “Deep State” In Iraq: A Struggle For Power In Light Of A Network Of Corruption And Influence

 Deep state conflicts in Iraq: The assassination of “Umm Fahd” reveals the depth of the crisis

 May 1, 2024Last updated: May 1, 2024

 The Independent/- Baghdad is experiencing heated conflicts between the parties of the “deep state” since the return of Prime Minister Muhammad Shiaa Al-Sudani from his last visit to Washington.

 Political sources indicate that these conflicts are due to fears about the results of the visit, which some pro-Iranian parties saw as a “departure from the agreed upon text.”

 Disagreements over American agreements:

 Al-Sudani's opponents believe that the agreements he concluded with American entities and companies constitute a loss to Iran, which enjoys the largest share of the Iraqi economy's returns.

 Information indicates that these differences have begun to surface after disagreements emerged within the “coordination framework” against the backdrop of the latest elections for the governorate councils and the election of a new speaker of parliament.

 Possible “bone fracture”:

Observers expect that the escalation of these conflicts will lead to unexpected “bone-breaking” operations, especially after two separate incidents that occurred last week:

Drone attack on the Kormor gas field in Sulaymaniyah: It is believed that this attack, which led to the death of several workers and the disruption of electrical power in large areas of the region, is a message from Iran’s pro-government militias that Iraq will not be able to end its import of Iranian gas.

  Assassination of an influential social media figure: It is believed that the assassination of “Umm Fahd,” a person close to senior officers and prominent military and security figures, carries special political messages at this time.

 “Umm Fahd” black box:

 Before her death, Umm Fahd threatened to reveal “files that would collapse the political process and the military establishment.”

 Many observers believe that it represents a “black box” that contains everything that those in power fear.

 The Deep State: A Network of Corruption and Influence:

 The deep state in Iraq is not limited to militias and mafia men, but also includes political, active, and even religious figures

This network controls important aspects of the country from behind the scenes, and has external links as well.

 Iraq: a model of a failed state:

 Due to the control of the deep state, Iraq has turned into a model of a failed state that has nothing to do with it.

 The leaders of this network use the method of physical elimination of those who pose a threat to it, as happened with “Umm Fahd.”

Future: Skilled surgeons for major surgery:

Iraq needs a “major surgery” performed by “skilled surgeons” to treat its incurable diseases.

 But it seems that the current players are not qualified to fix what was corrupted by the past twenty years.    https://mustaqila.com/الدولة-العميقة-في-العراق-صراع-على-الس/   

"RV UPDATE" BY KAPERONI, 2 MAY

  Kaperoni 

 A country's currency is not some random act. An exchange rate is based on many factors including: reserves, GDP, economic growth etc. Iraq has a long ways to go and must pass laws to encourage investment. Only with the success of Iraq's economy can the dinar rise in value.

[aka Kaperoni]  

Article:  "Advisor to the Association of Banks: The Central Bank is following a consistent approach to achieving banking reform" 

 Quote:  "the management of the Central Bank of Iraq plans to gradually cancel the window for selling foreign currency during the year 2024, until it leaves it completely."  ...this is huge news... Iraq cannot end the auctions unless they have an alternative to the auctions... which means they plan to float the dinar by the end of the year...floating the dinar will give them a new mechanism to maintain the dinar, the CBI will buy and sell blocks of dinar like other central banks do to maintain their currency... 

 They will also have to use dinar to pay for goods and services which will make the dinar internationally traded...they want the banks and Iraq to establish relationships around the world with International standards and full compliance which means that means IMF Article XIV...This seems pretty clear and excellent news. We very well see that Iraqi dinar float on the global market at the end of this year or early next year...I think it's very promising...it definitely is very good news. 

https://dinarevaluation.blogspot.com/2024/04/analysis-of-iraq-news-by-kaperoni-11.html

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Economist reassures: Financial liquidity is available and there are no risks to the Iraqi dinar, 2 MAY

 Economist reassures: Financial liquidity is available and there are no risks to the Iraqi dinar

5/1/2024 Baghdad,

Economic affairs expert Safwan Qusay confirmed that financial liquidity is available and there are no high risks regarding the existence of the Iraqi dinar.

Qusay said, in a televised interview followed by Mawazine News, that “oil revenues rose during the first three months of this year, and this is thanks to the current government’s policy and with Muhammad Shiaa Al-Sudani personally supervising this success.”
He added, “Iraq currently embraces more than 600 investment projects, including the Baghdad Metro.”

He pointed out, “Iraq has completed all its financial needs, and the rest of it needs the price of a barrel of oil to reach only $96 to cover the financial deficit.”

He pointed out that “there should be rationalization and advice in local financial consumption.” LINK

"RV UPDATE" BY FRANK26, 2 MAY

 Frank26  

 Question:   "Do you have to change rates before May 9th ascension in the WTO?"  No, you can have a membership in the WTO with a low exchange rate.  That doesn't interfere with it.

The budget does not need parliament...The budget waits for the exchange rate.  The exchange rate is not waiting for it or anything else...The budget is born without them...

 Article:  "Will the agreements signed with the US Treasury reflect positively on the exchange rates?"  

Yeah because they want at least 1 to 1 but they never changed it.  They kept it at 1320.  I think they're going to come out at maybe 1 to 1.30 or 1 to 1.50 and then float...The only reason they ask this question is because they know the answer to the question!