Saleh: PM's visit to Egypt, Tunisia will serve national, regional interests, 28 AUGUST

 The Prime Minister's Advisor for Financial Affairs, Mazhar Muhammad Salih, explained today, Tuesday, the importance of Prime Minister Muhammad Shia al-Sudani's visit to Egypt and Tunisia, stressing that this visit will develop strategic partnerships and will bring economic benefits to Iraq and those two countries, in addition to serving national and regional interests.

Saleh said, in a statement to the media, followed by "Al-Eqtisad News", that "the visit of Prime Minister Mohammed Shia Al-Sudani to Egypt and Tunisia is important, especially since they are the incubator of the Arab League in two different time periods, and they have long historical relations with Iraq."

He added that "the Prime Minister's visit to Egypt and Tunisia is of great importance from several aspects, most notably strengthening bilateral relations and enhancing cooperation in the fields of economy, cultural and educational exchange," noting that "this important visit will open the way for signing economic or technical agreements or memoranda of understanding that serve the common collective interest."

He stressed that "this visit will enhance the follow-up of ways of joint cooperation, especially the development of existing projects in construction and housing undertaken by companies from the two countries, especially Egypt, in addition to enhancing trade and investment with the two sister countries, which will benefit the national economy of Iraq and those two countries, in addition to enhancing positive rapprochement between the peoples and sons of the region. The visit will also provide an opportunity for consultation on international and regional issues of common interest."

Saleh stressed that "the Prime Minister's visit to Egypt and Tunisia will develop strategic partnerships and achieve common goals that serve national and regional interests."    link

LAST RV UPDATE FROM MILITIAMAN, 28 AUGUST

 Militia Man 

  Article  "Iraq is the 9th largest buyer of gold in 2024" 

 If they clawed back enough money to help buy 100 tons of gold, man, there's been some heavy, heavy corruption.  I'm assuming their recent income from non-oil revenues has had something to do with it as well.

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 Militia Man  

 Article quote:  "At this time there is no acute problem regarding cash liquidity " 

 There's no need to print new currency...They've yet to do anything different.  

They spent about $50 million in printing currency and it wasn't triple zero notes.  There's no reason for it.  You can't spend $50 million while you're burning up money to print new ones, especially if they were perfectly good.

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The United States is going to say we're ready to go. 

We're not playing games anymore...we're going to do it our way.  Iraq either you're on board or you're not on board...No wonder those guys are barking...because the parallel markets are going to go away and fast.

  They know what they need to do.  Change the value of their currency and no one's going to want their [black market] USD.  They're going to know the Iraqi dinar is going to be powerful just like Sudani said...

https://dinarevaluation.blogspot.com/2024/08/theres-no-need-to-print-new-currency-in.html

🔥 Iraqi Dinar 🔥 WOW Everyone Happy 🔥 Today IQD Value to Dollar RV News G...

Parliamentary Finance Committee confirms that it will soon resume its investigation into changes made to the General Budget Law tables', 28 AUGUST

 The Parliamentary Finance Committee confirmed that it will soon resume its investigation into changes to the general budget law tables that were officially approved by the Council of Representatives, and objected to by the Prime Minister's Office.

Committee member, MP Moeen Al-Kazemi, said in a statement to the National Iraqi News Agency ( NINA ), that "the parliamentary investigation committee assigned by the Finance Committee will resume its work soon, to determine the reasons for the change in the general budget tables officially signed by the Speaker of Parliament and sent to the Council of Ministers."

He added, "The government is working with its tables approved by the Council of Representatives, and there is no financial damage to the public treasury," indicating, "The wor k on the general budget ceiling of 226 trillion dinars has been suspended, and the government is proceeding with implementing its tables that were approved by the Council of Representatives."

He explained, "The Parliamentary Finance Committee is following up on the reasons for the difference between the government version of the general budget tables and the paper and electronic version of the Council of Representatives."  link

LASTEST RV UPDATE FROM RAYREN98, 28 AUGUST

 RayRen98

   ...MORE US BANK STAFFERS ARE REPORTING SIGNING "NDA'S" ARE CLAMMING UP...  ANOTHER PROVINCE HAS BEEN REPORTED HAVING "LOWER DENOMS" BEING DISTRIBUTED IN SOME MANNER, AWAITING FURTHER COMPLETE DETAILS, IF ANY....

IF WHAT THEY'RE TELLING ME IS TRUE...SOME OF YOU ARE GONNA GO TO SLEEP WEALTHY $$$$$$...IT'S YOUR SEASON....TO BE BLESSED!!

RayRen98  

 [via Twitter/X]  ...Verified lower denom locations...Province 8 Baghdad, Province 11 Najaf, AND possibly Province 1 Duhok up near Turkey. 

 RayRen98  

 [via Twitter/X]  

Community Comment: Just informed that lower denoms are being released to the streets right now. ...It’s on the way.

 RayRen98 

  THE WORLD COURT RECEIVES DISPUTES (AND SEEKS RESOLUTION) BETWEEN NATIONS. THE DETAILS ARE INSIGNIFICANT, THE RV IS SLATED TO MOVE FORWARD NOW.

 I'M BEING TOLD THE WORLD COURT "CLEARED" A FORMAL COMPLAINT TODAY AND TOMORROW IS A DEFINITE POSSIBILITY.

https://dinarevaluation.blogspot.com/2024/08/latest-from-rayren98-27-august.html

Evening News with MarkZ. 08/26/2024

DINAR REVALUATION UPDATE: The Significance of Exchange Rate Stability, 27 AUGUST

 The Significance of Exchange Rate Stability

Al Alaq's Speech on New Currency Rate and Lower Denominations in Iraq (August 2024)

In a recent speech, Ali Al-Alaq, the Governor of the Central Bank of Iraq (CBI), provided assurance to the Iraqi public regarding the future of the country's currency. Addressing concerns over the dinar's value and the introduction of lower denominations, Al-Alaq urged citizens to remain patient, promising that a new rate and lower denominations would be implemented soon. 

Al-Alaq emphasized the importance of maintaining the stability of the dinar's exchange rate against the US dollar. 6 He highlighted that this stability is essential for the Iraqi trade system and financial transactions, requiring changes and restructuring within the country's trade and foreign exchange systems.

Commitment to International Standards

The CBI Governor also underscored the need to adhere to international practices and standards, particularly those outlined in the Anti-Money Laundering and Terrorism Financing Law No. 39 of 2018.  6 This commitment is crucial for protecting Iraq's financial system from risks and ensuring transparency and the safety of financial operations.

The Process of Monetary Stability

Al-Alaq explained that the process of achieving monetary and exchange rate stability is a significant undertaking that necessitates a series of changes and the restructuring of the Iraqi trade system and foreign transfer system. 6 The CBI is actively engaged in this process, working on daily details to reach a proper path that opens new avenues for facilitating and expediting the necessary reforms.

The Road Ahead

While the specifics of the new rate and the introduction of lower denominations have not been disclosed, Al-Alaq's speech signals a clear commitment from the CBI to address the dinar's value and improve the financial landscape in Iraq. 1  6The CBI's efforts are expected to contribute to economic stability and strengthen the country's financial credibility on the international stage.

Closing Remarks

Ali Al-Alaq's speech reflects the CBI's proactive approach to managing the dinar's value and ensuring the stability of Iraq's financial system. The introduction of a new currency rate and lower denominations, once implemented, will mark a significant step in Iraq's ongoing financial reforms. 1  6