Al-Maliki’s coalition: The Iraqi government cannot protect American companies in Baghdad, 30 MAY

Al-Maliki’s coalition: The Iraqi government cannot protect American companies in Baghdad

The Province of Regulation alliance drove by Nouri al-Maliki said on Thursday that the Iraqi government can’t safeguard all American organizations in Baghdad.

The head of the alliance, Saad Al-Muttalabi, told , “The issue of keeping on focusing of American organizations in Baghdad is a complicated issue. By all accounts, focusing on organizations support Israel, and it comes surprisingly close to these organizations, however sadly, rather than the blacklist, there have been obtrusive assaults on these organizations.” “.

He added, “within the matter might demonstrate parties attempting to hurt the Iraqi economy, hurt the venture cycle, hurt Iraqi finances in speculations, and truly influence unfamiliar ventures, and this issue is mind boggling.”

He expressed, “These activities make no humiliation the Sudanese government, and they are occurring in all nations of the world now, and Israel is answerable for this issue in view of the slaughters it is committing in Palestine, particularly since the Iraqi government can’t safeguard each American organization in Baghdad and somewhere else. The public authority is working Giving general security and giving unique insurance to all organizations is an extremely challenging matter.”

At first light on Thursday, the Caterpillar branch in the Jadriya region in the focal point of the Iraqi capital was designated with a sound gadget, and the English American Cambridge Foundation was focused on with a home-made gadget in the Palestine Road region, east of Baghdad.

As per a police source, the two assaults made no critical human setbacks with the exception of material harm the organization and foundation structures.

These assaults come after obscure aggressors designated last Sunday night two eateries having a place with the primary American chain of cafés, KFC, in the Palestine Road region and the other in the Karrada region – 62 in the capital, Baghdad.

"RV UPDATE" BY MARKZ, 30 MAY

 MarkZ   

Question:  You mentioned your gut thinks the RV could happen between June 2 and 9th… Is that still valid? 

 MarkZ:  Based on what I am hearing from the bond side, government side and group side…To me it’s what makes the most sense.  But, I am not ruling out any moment, because it’s a strong possibility...But its highly possible it happens this weekend...I was once told the optimum time would be on a Saturday night to Sunday morning.

“Futures slide as bond yields spike to a 3 week high”  We are watching an inverted bond market. We are watching the short term bonds out bid and out earn the long term bonds. I was always told this is key to the reset and we are watching it live. This bond market is in shambles. I was always told to watch for this just before the reset…and to watch for the HCL law to be passed in Iraq. We are now watching them as we approach the finish line.

This is pure gold this morning…  Article:  “US Ambassador praises Iraq’s official adoption of E-Payment system”  This particular US ambassador is well known as the “Ambassador of re-valuations”   She usually gets sent to whatever country whose value is about to change. She is there in Iraq right now.

 It certainly is a “push” ...They are talking about it openly in the Iraqi news. …They are blatant on this one  “The impending rate change”.  They are telling us what they are doing... Articles in Iraq say clearly that the dinar is going to be worth more than the US dollar. 

[via PDK] 

 did hear some interesting things from military contacts. One in particular kinda surprised me overnight...don’t panic because they do their best to cloud the timing...He said “Do not worry- it will be before July 4th.” We will have it all before July 4th. Actually a couple military contacts gave me that same time frame. I still have great hopes for sooner...it is interesting they have plans to have it completed by July 4th…For all we know it could happen tomorrow…nobody knows the timing.

 Out of Iraq – hearing we are supposed to be getting news on Sunday that has to do with the budget but since they have already passed it- does this mean we are getting a rate? Or which projects were executed or started?  I do not know.

   I am seeing rates of somewhere between $3.81 to $3.91 from a number of contractors working in Iraq. They are working on infrastructure - everything from hospitals to power grid to roads etc... And I am still thinking it will be $2 something on the dong. I hope I’m wrong and my contacts are right and it’s closer to the $3 mark.

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-markz-27-may.html

Remove Three Zero's And Adding Value Of Iraqi Dinar Today 2024🔥iraqi din...

Sudani announces the opening of 48 power transmission stations and 152 electricity distribution stations in Iraq, 30 MAY

 Sudani announces the opening of 48 power transmission stations and 152 electricity distribution stations in Iraq

 {Political: Al-Furat News} Prime Minister Mohamed Shia Al-Sudani announced the opening and operation of 200 power transmission and electricity distribution stations.

The media office of the Sudanese in a statement received by {Euphrates News}, that "Sudanese announced the opening and operation of 48 transmission stations for electric power for ultra high and high pressure, and 152 power distribution stations in all provinces of Iraq."

"This is part of the first phase of a package of projects to solve bottlenecks in electricity transmission and distribution networks in Baghdad and a number of provinces," he said.

"RV UPDATE" BY BIRDIEORBUST VIA GINGER TELEGRAM ROOM, 30 MAY

 Thank you Birdieorbust, Liberty Lounger Extraordinaire 💥⬇️💥 5.29.24

💢Birdie: Zester, Markz son, explained crypto very well the other day and it really is no different from the QFS...they are both ledgers, so eventually we will all need to learn about crypto because we will be going all digital and ledger based in the future and need to be educated on it...he has a show today at 5 est on youtube called Crazy Cryptonaut.

--

Birdieorbust, Liberty Lounger Extraordinaire, offers a valuable update. 5.21.24 

💢 Birdie: Well, things are happening in Iraq that they are not letting us in on; and the Iranian thing was needed.

Iranian leaders were not for the RV, they love the almighty US dollar and tried to steal it from Iraq every chance they got. The death of the leader of Iran will make things go faster and, in my opinion, it was planned for that purpose, it was no accident. But saying all that, they are moving forward using the budget in Iraq so it is only a matter of time before we hear the rate change which is included in that budget. The other issue has been they are trying to keep it from Parliament as long as they can so therefore we do not hear it because of that.

Parliament still has some people who would love to foil this RV as well, but Sudani is smart and will do it at the best time possible for it to be successful for all. The citizens are being told more things than we are hearing in articles etc... It cannot be that much longer now.

https://dinarevaluation.blogspot.com/2024/05/things-are-happening-in-iraq-by.html

Iraqi Dinar✅WOW Finally CBI Confirmed Iraqi Dinar Exchange Rate Today 20...

"I TOLD YOU SO FAMILY... THE MEDIA IS NOT TELLING US THE WHOLE TRUTH" BY FRANK26, 30 MAY

KTFA

FRANK26:"I TOLD YOU SO FAMILY... THE MEDIA IS NOT TELLING US THE WHOLE TRUTH"....F26

In 11 important points.. What the official Iraqi media did not tell you about the latest International Monetary Fund report

 

5/29/2024

 

Economic researcher Ziyad Al-Hashimi said today, Tuesday, that the latest International Monetary Fund report No. 2024/128 on Iraq included observations about the problems, negatives, and challenges facing the Iraqi economy that the official Iraqi media did not tell you about.

In a blog post on the “X” platform followed by “Jarida” , Al-Hashemi mentioned 11 observations contained in the report as follows:

First: The public finance balance witnessed a decline from a surplus of 10.8% in 2022 to a deficit of 1.3% in 2023 due to a decrease in oil revenues and a 5% increase in spending due to the expansion of government appointments and the increase in salaries.

Second: There could be declines in oil prices and Iraq’s export quotas during 2024, which will lead to pressure on Iraqi public finance accounts, which consume the largest share of oil funds, which will cause a clear financial deficit!

Third: Iraq needs the price of a barrel of oil to rise by $14 to reach the price of ($94) so ​​that it can cover the expenses required in the three-year expansionary budget. Otherwise, there will be an realized deficit that may force the government to borrow or search for other sources of financing!

Fourth: It is expected that the public finance deficit will reach 7.6% and that (public debt) will double from 44% in 2023 to 86% by 2029 if the Iraqi government continues on the same path and oil prices remain below the $90 level.

Fifth: Obstacles are still great in developing the private sector and non-oil sectors in the absence of effective economic measures and policies that push the economy towards real diversification in sources of financing and reducing high dependence on oil!

Sixth: The Iraqi government is required to reduce spending, not expand appointments and salaries, establish buffers to protect state finances, focus on necessary investment spending, and expand taxes, collections, customs, and other non-oil sources of financing.

Seventh: The impact of the central bank’s monetary policies is still weak in withdrawing excess liquidity, due to the huge amount of cash available in the markets, weak confidence in the banking system, and the weak performance of local banks!

Eighth: Iraq needs to stimulate the private sector, absorb employment through it, stimulate non-oil exports, and implement programs to protect the economy from the shocks of fluctuations in the price of a barrel of oil!

Ninth: Accelerating the pace of reform in the financial sector by structuring and modernizing Iraqi banks, supporting banks’ relationships with correspondent banks, structuring government banks, and enhancing corporate governance applications. (KTFA FAMILY... TAKE NOTE WORLD BANKS ARE HEAVILY INVOLVED & SUPPORTING IRAQI BANKS IN THE SECOND PHASE OF THE MONETARY REFORM"...........F26

Tenth: Implementing comprehensive reforms that regulate exchange rates,combat corruption, prevent money smuggling and laundering, and close outlets for wasting public money by enhancing the independence and role of financial oversight and integrity institutions, judicial institutions, and public governance.

Eleventh: Removing obstacles that prevent the implementation of real reforms in the electricity sector to improve its efficiency, recover its costs, develop its infrastructure, and ensure continuous and stable access to electricity for citizens.

Economist Ziyad Al-Hashimi commented in conclusion, “This report re-examined serious structural problems and presented important and necessary recommendations to the Iraqi government, but we do not know whether they will be taken into consideration, adhered to and implemented, or will they be ignored like the rest of the previous international recommendations?” We wait and see.”

LINK