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Romanowski Comments On The Visit Of The US Assistant Secretary Of State To Iraq, 16 MAY

Romanowski Comments On The Visit Of The US Assistant Secretary Of State To Iraq

Iraq   Wednesday, May 15, 2024 Baghdad/National News Center  Today, Wednesday, the US Ambassador to Iraq, Alina Romanowski, welcomed the Assistant Secretary of State for the Office of Energy Resources, Jeffrey Pyatt, to Iraq.

Romanowski said in a tweet, “The important visit began to follow up on the successful visit of the Sudanese Prime Minister to Washington last month, and to strengthen our bilateral cooperation in the field of energy.”  She concluded, “Together we can help Iraqis prosper by providing electricity 24 hours a day, 7 days a week.”   https://nnciraq.com/255761/

"RV UPDATE" BY MILITIAMAN, 16 MAY

  Militia Man

  I think they're at the stage where they just got to jump and do it.  They have to interlink with the region and...the world so it's going to be a timed event.  I don't have the time, the date for that but I think we're going to see it shortly...

There is an existence of the Chapter VII charter of the United Nations that has not yet been resolved.  It's... still restricting the sovereignty at the international level.  The pressure is on and it looks like the UN is waving that flag to Iraq reminding them that there is that component still. 

Iraq is going to be watching and waiting for their purchasing power...They have revenue streams from all different angles...You got natural resources galore - oil, liquid natural gas, tourism... agriculture...Are they going to be able to support a value of there currency?  Of course they are.  They were $3.22 back when oil was at $35 .  What if you added on to that all those things I just mentioned? 

 Article:  "Floating the dinar returns to the forefront will the Central Bank of Iraq resort to it and what the risks?"  The bottom line is Iraq is going to make an exchange rate change.  They've told you about it...A managed float is a mix of a fixed and a float... Are they going to change it to a free float?  Probably not because there's a lot of risks at that stage...Ultimately what is their goal?  Raising the value of the dinar against the dollar.  That's what they're going to be trying to do..

We all know the project to delete the zeros has been on the table now for many years but it was taken off the table, back on the table...The delete the zeros is all about what?  Creating value.  

1310 to buy widgets is in the hundreds of trillions and their budget is in the hundreds of trillions.  They don't even have that much money printed.  They don't even have it on their M1 etc at this point in time.   They never have.  There's got to be an adjustment...

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Article: "Iraqi Council of Ministers approves the 2024 budget schedules" 

 The next step would be to take those schedules and deliver them to the House of Representatives.  If we see that, that's going to be powerful because everybody's gonna be biting their nails because it could very well suggest something could happen prior to that happening.  It's a nail biter...

Article: "Specialist: Floating the dinar is economic suicide"  

Them bringing up exchange regimes obviously...they're going to do something because why talk about it if it's not going to change.  You don't.

 Non-oil revenues...Iraq has the largest sulfur deposit in the world.  They can tap into that.  It's going to be part of their non-oil revenues.  The amount of natural resources Iraq has is off the charts.  Anything that suggests they can't afford to do what they're going to do and go to a market economy I think is highly mistaken.

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-militiaman-8-may.html

FRANK26……5-15-24……SCORE!!!

Securities: We Are Studying The Possibility Of Licensing Brokerage Companies To Trade In Shares On International Stock Exchanges, 16 MAY

 Securities: We Are Studying The Possibility Of Licensing Brokerage Companies To Trade In Shares On International Stock Exchanges

Market  Economy News – Baghdad  Chairman of the Securities Commission, Faisal Al-Haims, confirmed today, Wednesday, that the authority is studying the possibility of licensing brokerage companies to trade in shares on international stock exchanges

Al-Haims said in a statement received by Al-Iqtisad News, “The Authority has begun studying the licensing of brokerage companies to trade in shares on global stock exchanges through a technical committee within it.”

He added, "The Authority is working seriously to support and develop the stock market by studying the licensing of brokerage companies to enable them to trade in shares on international stock exchanges for the first time in Iraq. "

He explained, "This step comes in the context of protecting the rights of citizens to trade through brokerage companies that practice this activity without an official license from the Securities Commission, which seeks to develop the financial markets in the country," noting that "the Commission is working to provide a stimulating and regulated investment environment." “It contributes to enhancing confidence among investors and raising Iraq’s position in global financial markets.”

113 views 05/15/2024 - https://economy-news.net/content.php?id=43449

"RV UPDATE" BY CLARE, 16 MAY

 Clare  

Article Quote:  "The Central Bank of Iraq's cancellation of the currency {auction} window at the end of 2024" 

 WE KNOW THIS ... SUDANI & ALAQ HAVE ALREADY AGREED WITH DC ON THIS!  IT IS TRUE... THEY (ARE) AND WILL BE ASSET BACKED...WILL FLOAT AND THERE WILL BE A MANAGED CAP...

Article:  "Next week.. UNAMI presents its periodic briefing"  

Quote:  “The mission will submit its periodic briefing to the Security Council next week, without mentioning further details regarding that briefing. Yesterday, the Iraqi government submitted a request to the Security Council and the Secretary-General of the United Nations, to reduce The mandate of the United Nations Mission (UNAMI), and to conduct an objective evaluation of its work, in preparation for ending its mission and closing it permanently."

Al-Sudani Told An American Official: The Government Is Proceeding With Economic And Financial Reform, 16 MAY

 Al-Sudani Told An American Official: The Government Is Proceeding With Economic And Financial Reform

Political | 02:24 - 05/15/2024   Mawazine News – Baghdad   Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Wednesday, that the government’s efforts and steps in the field of economic and financial reform, especially in the areas of tax, customs, and the banking sector, and completing the elements of an ideal investment environment

Al-Sudani’s media office stated in a statement received by Mawazine News that “Al-Sudani received US Assistant Secretary of State for Energy Resources Affairs Jeffrey Payette, in the presence of the US Ambassador to Iraq,” noting that “the meeting reviewed the most prominent files of cooperation in the field of energy, in all its forms, and ways to develop it.” “In a way that contributes to achieving common interests.”

The Prime Minister stressed “the government’s keenness to implement its executive approach within the axis of achieving energy self-sufficiency, in the areas of exploiting locally produced natural and associated gas, generating electricity, providing petroleum derivatives, and producing chemical fertilizers and petrochemical materials,” referring to the memorandums of understanding that were signed during his visit to The United States of America last April, which is being implemented on the ground.”

Al-Sudani pointed to "the government's efforts and steps in the field of economic and financial reform, especially in the areas of tax, customs, and the banking sector, and completing the elements of the ideal investment environment, calling on American companies to work and invest in Iraq."

For his part, Payet praised the efforts of the Iraqi government in developing the energy sector, noting that “the joint statement by Prime Minister Muhammad Shia al-Sudani and US President Joseph Biden represented a road map and a framework for fruitful work and cooperation.” He stressed “the desire of American companies to invest and expand their activities within Iraq".

https://www.mawazin.net/Details.aspx?jimare=248040