Al-Sudani: There is no alternative to upholding the state’s word, protecting the constitution, and enforcing the law in Iraq, 4 MAY

 Al-Sudani: There is no alternative to upholding the state’s word, protecting the constitution, and enforcing the law in Iraq, 4 MAY

Head of the state Muhammad Shiaa Al-Sudani focused, on Friday, the need of what he called “maintaining the expression of the state, safeguarding the constitution, and upholding the law” in Iraq.

This was said in a speech he gave today at a celebration in Baghdad, the capital, to mark the Asaib Ahl al-Haq movement’s founding anniversary.

Al-Sudani said in the discourse, “The public authority is moving, upheld by wide parliamentary and famous will, towards accomplishing maintainable turn of events.”

He went on to state: Today, our nation enters the stage of production, infrastructure construction, economic stimulation, job creation, overcoming obstacles, and establishing its sovereignty.

Al-Sudani additionally focused on that “we as a whole bear the errand of implementing the law, and building the structure of equity, equity, and institutional steadiness,” focusing on that “there is no option in contrast to maintaining the expression of the state, safeguarding the constitution, and upholding the law in the country.”

"RV UPDATE" BY MILITIAMAN, 4 MAY

 Militia Man 

 Article quote:  "The dangers of the exchange rate fluctuations in the event that demands for floating the dinar are met..."  This is a topic that's been out there...fixed exchange rates...They're talking about a new exchange rate...fixed exchange rate or floating exchange rate.  They're talking about it for one reason, because a new exchange rate is coming...A. Are they going to float the currency?  B.  Are they going to peg it to a currency or a basket of currency and fix it?...

 Everything is falling in line for Iraq to go international.  You haven't see the salaries paid yet...you haven't seen the oil start pumping yet into Turkey...Why?   Because they haven't shown us or exposed an international real effective exchange rate.  That's my view on it.

When you talk about drop the three zeros...Al-Sudani's goal is to bring purchasing power to the his citizens.  When he said $0.76, that's purchasing power.  It's not a lop.  It's purchasing power.  If you have a lop you don't have purchasing power, you just have a change in denomination...They're going to bring purchasing power to the citizens.  All of that is happening before our eyes.  

 Quote on X [Formally Twitter] There's some information out there today that says the Central Bank of Iraq's governor has advised citizens to get ready for a currency exchange...Whether it's true or not we're going to find out...The reason why I bring it up is because that kind of to be expected, they're having financial inclusion...they're talking about that.

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-militiaman-3-may.html

Iraqi Dinar | Word Bank Big Announcement About Rate Fixed Of Iraqi Dinar...

Investing in local gas instead of burning it in oil fields is a government demand!, 4 MAY

Investing in local gas instead of burning it in oil fields is a government demand!

Iraq spends approximately five billion dollars annually on gas imports, which could be reinvested in the state budget if local gas were invested in energy production. This step’s success may be contingent on a number of factors, the most significant of which is the availability of project-specific technical skills.

There are many difficulties that substitute the method of nearby gas venture, the most noticeable of which is the presence of ideological groups that advantage from gas imports, notwithstanding their endeavors to deter most financial activities, as indicated by subject matter experts.

"RV UPDATE" BY KAPERONI, 4 MAY

  Kaperoni  

 Article:  "The most difficult option.. Warnings of the danger of floating the Iraqi dinar without achieving an important condition” As I have mentioned numerous times, a float is coming for the Iraqi dinar. The question is.. when will they have sufficient diversification of the economy to support such an event?

 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

Iraqi Dinar Expectations Implementation New Exchange Rates 🔥Iraqi Dinar

APIKUR welcomes formation of Baghdad-Erbil committees, 4 MAY

APIKUR welcomes formation of Baghdad-Erbil committees

ERBIL (Kurdistan24) – The Association of the Petroleum Industry of Kurdistan (APIKUR) on Friday in a statement welcomed the formation of the Baghdad-Erbil committees.

“Recently announced by the Iraqi Minister of Oil with the stated goal to restore oil exports through the IraqTürkiye pipeline. We are awaiting official notification of international oil companies’ role in these critical negotiations,” the statement read.

Hayyan Abdul Ghani, Iraq’s Oil Minister, told Kurdistan24 earlier that the production and export of oil from Kurdistan Region fields would be resumed.

Meanwhile, Kurdistan24 was informed by the Director General of SOMO that their recent meetings with the Kurdistan Regional Government and the Ministry of Natural Resources in Erbil were positive on the issue of Kurdistan Region oil export to Turkish Ceyhan Port. The Turkish side is making preparationsfor export.

https://t.co/G3ZzPSWoaY