May 1, 2024, the economic expert, Farman Hussein, expected the continued decline of the dollar’s exchange rate against the Iraqi dinar until it reaches the official rate of the Central Bank of Iraq.
Economist debate the central bank’s decision to float the dinar exchange rate in the coming period.
Iranian First Vice President Muhammad Mokhber stressed the necessity of using national currencies in economic exchanges, pointing out that the friendly, deep and historical relations between the two countries require the use of national currencies.
Bank Governor revealed Central Bank Ali Mohsen Al-Alaq, on Thursday, announced the progress of a plan supported by the government to change the map of the banking sector and its reality in Iraq.
Advisor to the Prime Minister for Religious Affairs, Munir Al-Tarihi, confirmed today, Tuesday, that Iraq represents an important region and a strategic bridge in the region and the world.
The Iraqi government submitted this request during the month of May 2023, at 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 conduct an objective assessment of its work; in preparation for the end of its mission and closing it permanently,
The Chairman of the Securities Commission, Faisal Al-Haims, confirmed today, Wednesday, that the Commission is studying the possibility of licensing brokerage companies to trade in shares on international stock exchanges in Iraq.
Today, Wednesday, Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, stressed the importance of moving to reform the banking sector in Iraq.
Prime Minister Mohamed Shia al-Sudani said on Wednesday that the memorandums of understanding signed with the United States during his visit to Washington last month are being implemented on the ground.
The UN, IMF and World Bank all on one day, Thursday, noted significant progress that Iraq has made in recent years, despite ongoing challenges.
The reinstatement spigot has been opened.
The direction is now clear.
Samir Al-Nusairi, the Central Bank announced that it will launch the national lending strategy on 5/25/2024, which is a clear announcement of the beginning of the second phase of its banking reform strategy.
CBI announces it has completed the first phase of it by achieving tangible and important results in the field of regulating foreign trade financing and regularization of the global financial system through strict adherence to standards.
International compliance, building solid international banking relationships with international banks and correspondent banks.
Get ready….
Iraq also has now announced 142+ tons of GOLD reserves.
By Russia only selling oil in CNY, and Russia holding CNY as their main currency reserve.
This allows Russia - China to go to the U.S. Treasury and say “you want us to trade your dollar, this is what the new exchange rate will be”
What this means is that China/Russia are now pricing the dollar to rubles/CNY in the foreign exchange
The U.S. Treasury no longer prices the USD to the ruble/CNY.
This could only happen if the petrodollar was not renewed.
This is going to have major implications for the euro-bond markets.
China/Russia may have effectively neutralized the Dollar.
This is the result of China - Russia trading commodities
BRICS trading commodities now sets Dollar exchange rates.
Remember Niger kicking out France and the U.S. ?
Niger commodities are no longer sold in Dollars or francs.
They’re probably being sold in rubles.
This is all part of the RMB internationalization in emerging market foreign central banks
Europe doesn’t produce commodities, so this is going to affect euro/dollar exchange rates affecting the Euro bond market.
Condemning the statements of the American ambassador…Al-Saray: A clear threat to Iraq’s security
Condemning the statements of the American ambassador...Al-Saray - A clear threat to Iraqs securityInformation / private..
Today, Saturday, Khaled Al-Saray, a member of the Al-Fatah Alliance, considered the statements of the new American ambassador to Baghdad a serious threat to Iraq.
Al-Saray said in a statement to the “Al-Ma’louma” agency, “Iraq rejects any threat, whether from the American occupation or from its ambassador, who adopts inflammatory and malicious ideas against the Popular Mobilization Forces, which represents a safety valve for the Iraqi people.”
He added, “There must be official positions from the Ministry of Foreign Affairs and political forces condemning these statements that still target Iraqi national security,” noting that “the American occupation continues to violate the sovereignty and stability of Iraq.”
He explained that “the ambassador dared to mention security and the economy in order to brandish them as a pressure card on the political parties that stand with the Popular Mobilization Forces,” noting that “not responding to these statements is tantamount to giving them the green light.”
Tracy Jacobson, US President Joe Biden’s nominee for the position of the new US ambassador to Iraq, attended a hearing before the US Senate Foreign Relations Committee and presented her expected work plans in Baghdad.
The investment law is being passed.You'll see it very soon. They have no choice. Sudani is extremely happy about it because that's how you're going to be able to get these new contract with the new exchange rate.
What is the time of the float? ...I want to watch the float. I want to calculate exactly just when I want to go ahead and exchange the rest of my dinar. Here's the problem. In the same manner they are giving [Firefly/Iraq citizens] a specific amount of time to turn them in, they will give us a specific amount of time to turn them in.
Did you see...Iraq and Kuwait are now linking with their fiber optics
? This is extremely important part of the monetary reform...They know it's no longer a secret what is happening with the exchange rate of the Iraqi dinar.
Things are going perfect. Everything is moving with such perfection that no one can do anything about this right now.
How much time will they [Iraqi citizens] have to trade in 3 zero notes?
[Boot's on the ground Firefly's bank friend] told Firefly you're going to be given a short amount of time to exchange your Iraqi dinar.This is the very first time ever that we have information from a very good source [saying] you're going to have a specific amount of time to trade in your 3 zero notes.