DINAR REVALUATION

Thursday, July 25, 2024

Iraq's Dinar vs. FOREX | Exploring the $3.22 Rate vs. Current Value

UrgentIraq and America issue joint statement on security cooperation. And they postpone the statement of the withdrawal of the alliance, 25 JULY

The US Department of Defense and the Iraqi Ministry of Defense led the second U.S.-Iraq Security Cooperation Dialogue in Washington, D.C., on July 22 and 23, 2024, where they affirmed their commitment to security cooperation and the common interest in regional stability.

According to the joint statement, the two delegations discussed “a set of bilateral security issues within the framework of the 2008 U.S.-Iraq Strategic Framework Agreement, and in the framework of recognizing our overall partnership.

Secretary of Defense Mr. Thabit al-Abbasi met with U.S. Secretary of Defense Mr. Lloyd Austin and representatives from the Defense Security Cooperation Agency, the U.S. Central Command, the State Department and National Security Council staff.

The Iraqi delegation, headed by the defense minister, also met separately with the Chairman of the Joint Chiefs of Staff, General Charles Q Brown, the director of the Counter-Terrorism Service, the deputy commander of the Joint Operations Command in Iraq, and other senior defense officials.

The US and Iraqi delegations affirmed their commitment to developing Iraq’s security and defense capabilities and their determination to deepen security cooperation through a full range of issues to enhance the common interest of both countries in the security and sovereignty of Iraq, and in the stability of the region.
The 2024 Joint Security Cooperation Dialogue is based on discussions that took place during the visit of the Iraqi-Sudan Prime Minister to Washington, D.C., in April this year and the inaugural Joint Security Cooperation Dialogue last summer. During the first joint security cooperation dialogue, the two sides decided to establish a bilateral top military committee to analyze three factors – the threat from ISIS, operational requirements, and capacity levels of the Iraqi security forces – to determine the future of the international military coalition in Iraq.

The joint security cooperation dialogue has continued on the basis of the work of the Supreme Military Committee over the past six months and in recognition of the upcoming 10th anniversary of the military mission of the Global Coalition to defeat ISIS in Iraq.

A detailed joint statement on the future of the Global Coalition’s missions and presence in Iraq is scheduled to be issued shortly after the conclusion of the work of the Supreme Military Committee.
The United States and Iraq intend to continue consulting on strengthening bilateral cooperation to ensure the lasting defeat of ISIS after more than a decade of cooperation between the international coalition and Iraq.

The Joint Defense Council noted the coalition’s historic achievements in Iraq and praised the millions of casualties at the hands of ISIS, these victims include hundreds of thousands of victims who suffered in the campaign to defeat ISIS in Iraq, such as members of the Iraqi security forces, including the Peshmerga, and partner forces around the world, including the United States.
The two sides stressed the importance of Iraq continuing to provide support to the international coalition to defeat ISIS in Syria and around the world.
In addition, delegations reached an understanding on the concept of a new phase of the bilateral security relationship, which includes cooperation through liaison officers, training and traditional security cooperation programs.
The two delegations also discussed efforts to build the operational capabilities of the Iraqi security forces through U.S. military aid and security cooperation programs, including through foreign military sales and foreign military funding. The two sides stressed the importance of continued cooperation to ensure the sustainability of US military equipment used by the Iraqi security forces.

The two delegations stressed the value of military vocational education and technical training programs and decided to strengthen both.
They also explored opportunities to expand Iraqi participation in U.S. Central Command-led regional military exercises and strengthen Iraqi military relations with U.S. Central Command Service Component Commands.

The two sides also decided to begin work on a memorandum of understanding to provide an enhanced framework for their bilateral security relations in the coming years, including mechanisms to ensure the ongoing permanent defeat of the terrorist organization ISIS.
In support of Iraq’s sovereignty and security, delegations confirmed that the advisory mission is in Iraq at the invitation of the Iraqi government to support the Iraqi security forces in fighting ISIS and to support and develop the Iraqi security forces, including the Kurdish security forces.
The Iraqi representatives affirmed their absolute commitment to protect individuals, advisers, convoys and diplomatic facilities of the United States and the countries of the international coalition.
Delegations discussed the continuing urgent need to return displaced persons and detainees currently in northeastern Syria to their countries of origin and support reintegration efforts into communities in Iraq. The repatriations represent an important line of effort in the ongoing fight against ISIS.

The successful completion of the second joint security cooperation dialogue underscores the two countries’ commitment to deepening bilateral security cooperation in all areas, including but not limited to the permanent defeat of ISIS led by Iraq and security cooperation efforts. Bilateral relations between the United States and Iraq promote regional stability and represent the commitment of both countries to promote the Comprehensive Strategic Framework Agreement.

https://alforatnews.iq/news/العراق-وأمريكا-يصدران-بياناً-مشتركاً-عن-التعاون-الأمني-ويؤجلان-بيان-انسحاب-التحالف

"ABOUT THE NATIONAL BONDS ISSUED BY IRAQ" BY GOLDILOCKS, 25 JULY

GOLDILOCKS

Due to the great demand for trading in national bonds ( Achievement Bonds / First Issue ) and based on the request of the Ministry of Finance, this bank will offer ( Achievement Bonds / Second Issue ) on behalf of the aforementioned ministry and for an amount of ( 1,500,000,000,000 ) Iraqi dinars ( one trillion and five hundred billion Iraqi dinars)"

Iraq has not sold National Bonds since 2003. National Bonds increase liquidity for a Government's infrastructure.

This move will encourage the involvement of their private sector. It will engage the people of their country to invest in secured bonds backed by their own government.

National Bonds will enable the growth of Iraq's community through investing in what provides that growth.

https://cbi.iq/news/view/2620

https://www.reuters.com/article/markets/iraq-to-sell-local-bonds-to-public-for-first-time-since-2003-finance-minister-idUSL8N15546D/

(7/22) CRITICAL Budget Challenges / Future Military Discussions / Speake...

Finally, a Sudanese advisor announces the date of the implementation of the Baghdad Metro project, 25 JULY

The Prime Minister’s Advisor for Transport Affairs, Nasser Al-Asadi, announced the date for implementing the Baghdad Metro project.

Al-Asadi said in a televised statement, “Tomorrow is the last day to evaluate the offers submitted by 3 international company alliances to implement the Baghdad Metro project, including European and Chinese companies.”
He added, “The international consultant studied these offers and will submit the name of the alliance that will implement the project to the government and the prime minister tomorrow, Thursday, in a sealed envelope.”
Al-Asadi noted, “The competition was transparent, and when the winner is announced, the investment license will be added as soon as possible at the end of the month, and in August, the implementation of the Baghdad Metro will begin.”
Regarding the high-speed suspended train between Karbala and Najaf, Al-Asadi said, “Bids were received from 3 international company alliances to implement the project, and next month the implementing alliance will be decided and announced,” announcing, “August is the month of transportation.”
Al-Asadi concluded by saying, “The length of the project is 90 km and starts from Najaf Airport and reaches Karrab Baghdad in Karbala, and this is the first phase.”

https://alforatnews.iq/news/%D8%A3%D8%AE%D9%8A%D8%B1%D8%A7%D9%8B-%D9%85%D8%B3%D8%AA%D8%B4%D8%A7%D8%B1-%D9%84%D9%84%D8%B3%D9%88%D8%AF%D8%A7%D9%86%D9%8A-%D9%8A%D8%B9%D9%84%D9%86-%D9%85%D9%88%D8%B9%D8%AF-%D8%AA%D9%86%D9%81%D9%8A%D8%B0-%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D9%85%D8%AA%D8%B1%D9%88-%D8%A8%D8%BA%D8%AF%D8%A7%D8%AF

RV UPDATE BY FRANK26, 25 JULY

Frank26

The direction that the monetary reform is going is in the direction to add value and introduce new lower denoms and to change the exchange rate and then to float. That's the step we're in.

We're not in a step where we need to pass laws. We're not in a step where we need permission from anybody over there, over here, over there - United Nations Security Council, the Untied States Treasury, nobody. We're at the point where Neil Armstrong is just about to put that right foot on the moon.

Is Chase...Wells Fargo, or any bank going to exchange your dinars into dollars ?

Ain't no bank going to exchange your dinars into dollars. Ain't no bank got that kind of money. Chase will introduce you to JP Morgan...JP Morgan is going to take your dinars and they're going to send them to the US Treasury. They're going to give you the equivalent of what you should receive in American dollars into your account.

Question: "If the rate is $3.22 and you go to the bank and exchange a 25,000 note in American dollars how much will that be?" $3.22 times 25,000 friend.