Friday, July 12, 2024
Secretary of State discusses with US official issue of Iranian funds frozen in Iraq
Baghdad – Mawazine News
Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein held an important meeting with the US Undersecretary of State for Administrative and Political Affairs, John Bass, in Washington, D.C., while during the meeting, they discussed the issue of frozen Iranian funds in Iraq.According to a State Department statement reported by Mawazine News, “Fouad Hussein stressed the importance of strengthening US-Iraqi relations in various fields,” noting “the common desire to expand political and economic cooperation between the two countries.”
The talk dealt with several main axes, including Iranian funds in Iraq, and in this context, the minister touched on the issue of Iranian funds frozen in Iraq, stressing the need to find a quick and just solution that serves the interest of both parties and enhances financial stability in the region.
On another subject, the Foreign Minister expressed his concern about the situation in Gaza and the deteriorating situation in the Gaza Strip, and expressed his concern about the extension of the conflict to southern Lebanon, stressing the importance of intensifying international efforts to de-escalate and achieve peace in the region.
Within the framework of strengthening economic cooperation and bilateral relations, special emphasis was placed on strengthening economic cooperation between the United States and Iraq. Minister Hussein noted the importance of supporting Iraq’s financial and banking sector, focusing on challenges related to the use of the dollar in financial transactions.
He stressed “the need to find solutions that enhance the stability of the Iraqi economy and contribute to achieving sustainable growth.”
THE BIG CALL HIGHLIGHTS, 12 JULY
Thurs. 11 July 2024 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#, 667-770-1865
- An Email went out to Redemption Center Leaders and was received at 5 pm today Thurs. 11 July 2024. That email said that Tier4b would get our notifications either Sat, Sun or Monday to make appointments before or by Tues. 16 July.
- There was a meeting in Reno today Thurs. 11 July where they decided when to pay out the Bond Holders, private groups and platform traders.
- Another source said everything would start Sat. night and culminate on Sunday 14 July.
- There was another meeting in Reno on Fri. 12 July and Tier4b could be notified to get their appointments any time after, but likely on either Sat, Sun or Monday 15 July.
- There was a solid rate on the Dong.
- You would be far better off to use the toll free number to get an appointment at the Redemption Center to do your exchange. They offer far higher rates than the banks. There was no reason to do exchanges at a bank.
- The Redemption Centers would offer the Contract rate on the Dinar that is way higher than we expected.
- At the Redemption Centers they will give you a new Q phone that works on the new system.
Iraq stops dealing with the Chinese yuan...and the currency basket is an alternative
The Parliamentary Finance Committee revealed that Iraq has decided to stop dealing with the Chinese yuan in financial transfer
Committee member Moeen Al-Kazemi said in a press statement that "the US Federal Bank imposed on Iraq to stop dealing in the Chinese yuan, under the pretext that there was manipulation in some transfers or certain problems occurred."
He believed that "many decisions by the Central Bank are imposed by the US Federal Bank," according to him.
Al-Kazemi pointed out that "Iraq's money, as we know, is placed in the US Federal Bank as a result of the sale of oil at a rate of 3.5 million barrels per day, and this money enters the US Federal Bank and is not transferred to Iraq in cash, but is transferred to Iraq through transfers issued by the Central Bank and the Federal Bank is notified and then the Federal Bank is convinced of this transfer and commercial transaction and on the basis of it releases amounts to the relevant parties exporting to Iraq."
He noted that "many of the Central Bank's procedures are governed by the American will, and this will may be explained for administrative and financial reasons, non-financing of terrorism, and others," believing that "the reasons are political with the aim of pressuring the Iraqi government," according to his expression.
Regarding the impact of canceling dealing in the Chinese currency, Al-Kadhimi pointed out that "the merchant and the Central Bank have multiple options and not to deal only with the dollar, so this suspension is temporary and not permanent."
As for what the Parliamentary Finance Committee will do in this regard, a member of the committee explained, "We will ask the Central Bank to address the issue and for the currency basket to be diverse, so that the options are more for the Central Bank and Iraqi merchants."
It is noteworthy that Iraq has strengthened its assets denominated in yuan through the Singapore Development Bank to finance Iraqi trade and imports with China by about $ 12 billion annually.
Iraq has also moved to strengthen its assets in the Emirati dirham and negotiated an increase in its assets denominated in euros to finance trade with the European Union, and Iraq has also begun opening bank accounts in the Indian rupee for a number of Iraqi banks .
Since the beginning of 2023, the Central Bank of Iraq has issued several decisions aimed at maintaining the stability of the general monetary and economic situation and confronting the risks of fluctuations in the exchange rate of the Iraqi dinar against the US dollar, in addition to facilitating import and export operations by opening new horizons with international banks, including Chinese banks.
Among the decisions of the Central Bank of Iraq is to enhance the balances of Iraqi banks that have accounts with Chinese banks in Chinese yuan, as dealing in yuan directly without the mediation of the US dollar contributes to facilitating and accelerating financial transactions, and will reduce import costs and protect against the risks of fluctuating exchange rates within Iraq. LINK
STATUS OF THE RV: "WHAT ELSE IN THE NEWS" BY MNT GOAT, 12 JULY
STATUS OF THE RV
What else is in the news?
If you read the article titled “FOR THE FIRST TIME, THE IRAQI STATE’S NON-OIL REVENUES RECORD AN INCREASE OF 11%” in todays news, you can clearly see that in another article and others but especially in the one titled “PARLIAMENTARY EFFORT TO QUESTION THE CENTRAL BANK: COSTS IRAQ TRILLIONS AND THREATENS THE ECONOMY” that the member of the Legal Committee, Raed Al-Maliki in his 5 points of accusations about the performance of the CBI are not correct.
Go read his 5 points in the article. We can all clearly see the progress that has been made in each of these areas. We read the news on these and great strides have been made on each. We know better than to talk like this. Articles like this one are not fare and obstruct all the progress made by the Al-Sudani government. Oh…could these be Iranian supporters and want things to stay status quo?
Raed Al-Maliki also does not understand is that the GOI must work hand-in-hand with the CBI. So, if progress is slow, it is the fault of both entities. Instead, he should go do his homework and talk about the successes for a change instead all the negativity and false claims. Maybe he also could come up with viable solutions instead of just negativity. He could have written this article a couple years ago and it would be true but not now.
I want to bring one more short article to you today and explain it in more detail. It is titled “A REPRESENTATIVE ACCUSES AMERICA OF OBSTRUCTING IRAQ’S ECONOMIC OPENNESS TO THE COUNTRIES OF THE WORLD”.
Yesterday, Wednesday, Deputy Chairman of the Parliamentary Economics Committee, Yasser Al-Husseini, accused the United States of America of obstructing Iraq’s economic openness to the countries of the world.
What does he mean? Is he talking about the reinstatement? Yes, he is but that’s not the entire story.
How can the United States expect Iraq to grow and get out of the “rentier” economy if it stands against Iraq’s economic openness to the countries of the world.
I quote – “indicating that America has contributed greatly to preventing international companies from coming to Iraq.” I believe this means the lack of investment money that could flow with the reinstatement of the dinar.
Also, why would any company want to come to Iraq and set up shop if they have to take a higher risk with their capital not knowing if the economy could crash any day due to a terrorist attack? I don’t believe that an attack could cause a crash but it is the “perception”. Get it? Speculation is based on perception.
As we read in my Newsletters many weeks ago, we read that the “spigot” had been opened by many of the international organizations now in favor of Iraq and told us it was now SECURE and STABLE.
Two key concepts. Folks, this was a signal for foreign investors to come pouring in. Remember this newsletter? Go back and read it.
This pre-dated mid-June. And so what was supposed to happen in mid-June?
So, you see we have a situation in that the international community is supporting Iraq and the CBI in its monetary and economic reforms to rebuild Iraq and turn it into the economic giant that is its ultimate destiny, but the powers in the US government does want it to happen unless they can get a huge slice of the pie.
Call it Blackmail if you want. But this pie can’t be even be baked unless the US cooperates in the overall plan to rebuild with Iraq. Get it? A plan that they agreed to. Again what comes first the Chicken or the Egg?
So, we can all now see the blatant disorganization and mess of the Biden administration as it deals with the world and now, we see it in Iraq. Now we have a clearer understanding as to why the dinar has not yet been reinstated preceded by the Project to Delete the Zeros.
After watching the 6/27 debate on live TV, we can clearly see the lack of mental ability to lead and make sound foreign policy. Who is setting policy then? Oh… could it be Obama with the microphone in his ear. Oh… isn’t its Obama’s plan they are now following for Iraq? This is why Iraq cannot move ahead at the pace it needs to move, at this point in time.
He added and I quote – “America stands as a stumbling block in the way of the growth of the Iraqi economy,” noting that “what Iraq has reached is due to American interference in internal affairs.”
Yasser Al-Husseini continued and I quote from the article to prove my point even more, “America does not want Iraq to be at the forefront of economically developed countries.” We read a similar report from the CIA years ago on Iraq and it too said Iraq would be a detriment to peace in the region if it were allowed to progress. So go figure?
In reading what I just old you from my CBI contact and also what is backed up by the articles, there is no rumors or bullshit in what I am telling you today. I have been telling you this for years now that it was the Obama as they sabotaged the Dr Shabibi plan to reinstate and now it is the Biden administration, through Obama that is holding back the next step in the currency reform as part of the overall strategy in “Pillars of Financial Reform”.
It should be crystal clear to everyone now why I have been saying this all along. Unless the Biden and the warped Obama careless policies towards Iraq are dealt with and overturned, or he is gone, or their influence is gone, we are most likely not going to see the reinstatement.
Don’t go off sad yet! 😊 But be careful as things could change on a dime and probably will change very soon. Those audio tapes requested by the house majority investigating the carelessness of the secured documents by Joe Biden will be turned over. We will all see what the democrats are hiding and it won’t be pretty. This will cause yet another avalanche towards the efforts to eliminate the Biden. Then as we roll into the few months ahead of the election, we may very well see the prophecy by Timothy Dixon play out to some extent. Watch video of the prophecy below. Folks, if it is true that all the good this transfer of wealth can accomplish, don’t you think the dark elements running wild in our society today could be influencing the minds of many of these dark, demonic politicians. It can hold back this blessing. Of course, and they don’t want it to happen for these reasons of bringing this coming period of prosperity and abundance.
In summary of the news today, I want to say that I hope all my readers can now understand why we can’t separate politics from the RV. Why I keep combining politics in my Newsletters and decided at a point to break it out and include an entire section on it. No, not just Iraqi politics but especially the US politics and the globalists and how they are influencing the forward progress of Iraq. Folks there are no secret plans to RV. Unless you can back up news from Iraq with FACTS writing down in articles or new media announcements it is only just rumors and did not occur as far as I am concerned. I have used this approach and it is sound approach to getting down to the TRUTH about this RV. Like it or not, it is the TRUTH! 😊
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