Holding Meetings Of The Third Session Of The Trade And Investment Framework Agreement Between Iraq And The United States
The Ministry of Commerce announced the holding of the meetings of the third session of the Trade and Investment Framework Agreement between Iraq and the United States of America in Washington, D.C., after a break of more than nine years. It was chaired by the Economic Agent on the Iraqi side, Ghassan Farhan Hamid, and on the American side by the Commercial Representation Office.
The economic agent confirmed, according to the ministry’s statement, that the meeting discussed many topics, the most important of which were the agricultural sector, standardization and quality control, the financial system, customs, company registration, intellectual property rights, Iraq’s accession to the World Trade Organization, the health sector, and government contracts.
He added, during the meetings, it was confirmed that the Iraqi government is open to all parties and that economic reform and diversification of the economy are considered among the priorities that are being worked on, and that Iraq is ready to discuss any proposal that leads to strengthening relations between the two countries.
For its part, the American side expressed its great interest in the issues raised and its appreciation for the reform measures undertaken by the Iraqi government.
A federal-covered security can be legally sold in a state once the proper documents and filing fee are submitted. Sales may occur on the day SEC registration is effective or when the notice filing was filed, whichever occurred last."
In other words, the Iraqi Dinar can be bought and sold as a "registered security" close to the end of May.
This article is a continuation of the first one printed today. I just simply wanted to be clear about a particular point that is of interest to all of us who hold the Iraqi Dinar.
It does not mean that we are going to exchange any foreign currencies at the end of this month especially the Iraqi Dinar, but it will become possible.
The US Dollar Is Rising Again, And The Iraqi Dinar Is Crying Out For Help
Economy | 05/08/2024 Mawazine News – Baghdad The exchange rates of the US dollar witnessed an increase today, Wednesday, in the capital, Baghdad, and Erbil, the capital of the Kurdistan Region, with the closure.
Dollar prices rose with the closure of the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 145,750 dinars, as prices had recorded 145,500 dinars for every 100 dollars this morning.
Regarding the selling prices in the exchange shops in the local markets in Baghdad, they increased, as the selling price reached 146,750 dinars, while the purchasing price reached 144,750 dinars for every 100 dollars. https://www.mawazin.net/Details.aspx?jimare=247594
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
MZ: A packed morning with Mr. Cottrell joining first and then the illustrious Andy joining at about the 1-hour mark.
Member: Good morning, y’all. It’s Thursday! It’s May 9th. Mr.C is on a day early. Prayers we cross the finish, so we can start!
Member: Today was rumored to be when Iraq ascends to a full member of the WTO? Hope its true.
Member: Good morning everyone…..Happy Thursday
Member: one thing that would make Mothers Day just a bit better is a RV AMEN
Member: Praying Mark has exciting news for us today
MZ: Let’s start with a banking story. From a member: “So I went to BOA to close an account yesterday. I signed in with the hostess , sat down and waited and casually looked around at the offices- taking note of the personnel while I waited. A loan officer/banker came out of his office and asked what I needed. I said to close an account. He asked if I wanted to sign up for a loan or line of credit? I said no . I said no, not until the currency revalues will I be doing anything.
MZ: He said (without skipping a beat) JUNE. Why don’t you go into my office and I will be right in. I walked in and sat down. He knew about the RV, foreign currency trainings, what is happening in the markets….I asked him if his Merrill Lynch guy was up to speed? He said yes.
MZ: That is the crux of it…..I love these stories
Member: A lady in MilitiaMans chat said she got a call from JP Morgan/Chase to make an appointment and come in.
MZ: That does not surprise me. They are chomping at the bit and know it’s at any moment. They don’t want customers to go somewhere else.
MZ: The bond side is very quiet for me….Iraq is fairly quiet.
MZ: There have been a few humdingers from banking sources this week. Mostly banking people who used to tell me I was nuts to believe in the RV- are now training for exchanges. They tell me “all those years and you were right” which does make me feel good.
Member: I sure am looking forward to hearing that from my friends and family. They still think I am nuts for believing.
Mark, How confident are we that the RC (redemption center) rate on the Dinar may or may not be the same as the street/forex rate?
MZ: I am pretty confident…but it will be what ist going to be ….and whatever it is- will be a blessing.
Member: I will take whatever is offered and be thankful
Member: So are we waiting until June now?
MZ: Not necessarily- Most of my bankers think we will be done by June. So we would start in May. Most of my banking contacts think we will start in the month of May.
Member: How long do you think we will have to get to a RV center?
Member: At last report we may have 10 days to make appointments and at least 30 to exchange. Unless that has changed like everything else has.
Member: I hope there will still be exchanges on military bases…for safety and security
Member: Does the VND have a contract rate?
MZ: I wouldn’t call it a contract rate – more like a pre-negotiated fee/whatever for a maximum rate. The reason there is a contract rate on the IQD is the dinar for oil program …allowing them (US Treasury?) to exchange dinar for oil over time instead of all at once.
Member: MarkZ do you know if the multicurrency accounts are attached to the regular account or a QFS Acct.?
MZ: The QFS does not exist yet…until they flip the switch…..but its my understanding that every account will change to a QFS account once this goes.
Member: Does anyone know how many different currencies the bankers are being trained for?
Member: Mark said yesterday – all the currencies we hold.
Member: IMO we are definitely going to get a reset we have to pray that it's the good reset
Member: ALso keep praying for Okie he is doing well after his hand surgery but still need prayer
Member: The Titanic was built by professionals it sank. The Ark was built by an amateur and it didn't sink. Go figure that one out. May God richly bless you all.
Mr. Cottrell and Andy Schectman from Miles Franklin join the stream today. Please listen to the replay for their information and opinions.
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Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM