DINAR REVALUATION HIGHLIGHTS: THE DINAR'S ENTRY INTO THE FOREX MARKET MARKS A SIGNIFICANT MILESTONE, 8 SEPT

Summary

The Iraqi dinar is nearing revaluation as it begins trading on the Forex Market, with critical developments expected soon.

Highlights

• 🚀 RV Imminent: The Iraqi dinar’s revaluation appears to be on the horizon.
• 🌍 Forex Presence: The dinar’s entry into the Forex Market marks a significant milestone.
• 📅 Critical Dates: September 6th, 7th, and 8th could be pivotal for the dinar’s future.
• 📈 Economic Reforms: Recent reforms by the Iraqi government aim to stabilize the currency.
• 🤝 International Relations: Stronger ties with global partners influence the dinar’s value.
• ⚖️ Political Stability: Efforts to combat corruption enhance Iraq’s economic environment.
• 💼 Investor Sentiment: The revaluation presents both opportunities and risks for investors.

Key Insights

• 🚀 Imminent Revaluation: The anticipated revaluation of the Iraqi dinar signals a potential shift in the currency’s value, exciting many investors. 🌟
• 🌍  Forex Market Integration: The dinar’s trading on Forex showcases Iraq’s movement towards global financial integration, enhancing its economic credibility. 🌐
• 📅 Strategic Timing: The upcoming dates are seen as crucial for potential announcements that could impact the dinar’s exchange rate significantly. ⏳
• 📈 Impact of Economic Reforms: Ongoing reforms in Iraq are aimed at stabilizing the economy and improving fiscal policies, crucial for the dinar’s value recovery. 📊
• 🤝 Influence of International Relations: Strengthening relationships with international partners can bolster the dinar’s value through trade and investment opportunities. 🌏
• ⚖️ Role of Political Stability: A politically stable environment fosters economic growth, creating a favorable backdrop for the dinar’s revaluation. 🏛️
• 💼 Investor Opportunities: While the revaluation presents substantial potential gains for investors, the inherent market volatility poses risks that must be managed. 🔍

Pentagon comments on Baghdad-Washington agreement announcement on international coalition withdrawal, 8 SEPT

  A Pentagon official said that they are aware of reports that have appeared in the media regarding possible plans to withdraw US forces from Iraq, but they are not yet ready to announce any specific dates.

“We are aware of these reports, but we are not yet ready to announce any steps at this time,” the US official said.
Western media outlets had previously reported that the United States and Iraq had reached an agreement on the gradual withdrawal of US-led international coalition forces from Iraq in 2025 and 2026. The
Iraqi Foreign Ministry confirmed in the middle of last month that Baghdad had announced the postponement of the date for announcing the end of the US-led international coalition’s mission due to “recent developments” in the region and the aggression on the Gaza Strip.

 https://alforatnews.iq/news/%D8%A7%D9%84%D8%A8%D9%86%D8%AA%D8%A7%D8%BA%D9%88%D9%86-%D8%AA%D8%B9%D9%84%D9%82-%D8%B9%D9%84%D9%89-%D8%A5%D8%B9%D9%84%D8%A7%D9%86-%D8%A7%D8%AA%D9%81%D8%A7%D9%82-%D8%A8%D8%BA%D8%AF%D8%A7%D8%AF-%D9%88%D9%88%D8%A7%D8%B4%D9%86%D8%B7%D9%86-%D8%A8%D8%B4%D8%A3%D9%86-%D8%A7%D9%86%D8%B3%D8%AD%D8%A7%D8%A8-%D8%A7%D9%84%D8%AA%D8%AD%D8%A7%D9%84%D9%81-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D9%8A

MELANIE HINDS CC NOTES HIGHLIGHTS, 8 SEPT

 MELANIE HINDS CC NOTES HIGHLIGHTS

Summary

SHE discusses recent developments regarding the Iraqi dinar, including market updates, military cooperation with Turkey, and the Central Bank’s progress in currency reforms.

Highlights

• 🔥 Forex closed at 5 PM, leading to a 24-48 hour pause in trading. ⏳
• 🌍 Turkey may open new border crossings with Iraq, enhancing security cooperation. 🚧
• 💡 Iraq’s North Gas Company is diversifying income streams, boosting liquid gas and sulfur production. 💧
• 📊 The dollar remains at a low due to uncertainties surrounding the Federal Reserve’s decisions. 📉
• 🤝 Significant progress in security talks between Iraq and the US Federal Reserve has been achieved. 🇺🇸
• 🎉 The Central Bank of Iraq is nearing completion of its electronic transfer processes. 🔌
• 🙏 A reminder to stay positive and focused on the big picture amidst ongoing developments. ✨

Key Insights

• 📈 Forex Market Dynamics: The Forex closure indicates a strategic pause, allowing traders to reassess market conditions and expectations. This can create volatility but also opportunities once trading resumes. ⚖️
• 🤝 Turkey-Iraq Relations: Strengthened border cooperation reflects significant diplomatic progress and could lead to increased economic ties, enhancing regional stability. 🌍
• 🌱 Economic Diversification: Iraq’s North Gas Company’s initiatives signal a move towards sustainable economic practices, crucial for long-term resilience against market fluctuations. 🌿
• 📉 US Dollar Uncertainty: The dollar’s low value amidst Federal Reserve speculation shows the interconnectedness of global currencies and the importance of monitoring US economic data closely. 🔍
• 🔒 Security Cooperation: Enhanced military collaboration between Iraq and the US signals a commitment to combatting terrorism and improving regional security, which is vital for economic stability. 🛡️
• ⏳ Progress in Currency Reform: The nearing completion of the electronic transfer process indicates that Iraq is on track with its financial reforms, which may positively impact the dinar’s value. 🚀
• 🌟 Positive Outlook: Encouragement to remain hopeful and focus on the broader economic landscape, reminding viewers that patience is key in investment strategies. 💖

Pentagon: No Timeline for Iraq Troop Withdrawal Yet

DINAR REVALUATION REPORT: Pentagon: No Timeline for Troop Withdrawal from Iraq Yet, 8 SEPT

 Pentagon: No Timeline for Troop Withdrawal from Iraq Yet

As of September 7, 2024, the Pentagon has not provided a definitive timeline for the withdrawal of U.S. troops from Iraq. 1 Despite ongoing negotiations and discussions regarding the future of the U.S. military presence in the country, no specific dates have been announced. 6

Current Military Presence

Approximately 2,500 U.S. troops are currently deployed in Iraq as part of the international coalition formed in 2014 to support the Iraqi government in defeating the Islamic State (ISIL). 3 The coalition's main objective was to assist Iraqi security and military forces in their fight against ISIL.

Bilateral Talks

In recent months, the U.S. and Iraq have engaged in bilateral talks to address the future of the U.S. military presence in the country.  2 These discussions have included the formation of a joint commission to oversee the winding down of the coalition's military mission in Iraq. 3

Regional Instability and Public Calls

The urgency of the talks has been heightened by regional instability and public calls from the Iraqi government for the withdrawal of U.S. troops. 4 These calls have been in response to U.S. airstrikes targeting Iran-backed militants who have been attacking U.S. personnel in Iraq.  5

Advisory Role

Discussions are also underway to establish a new advisory role that could involve a smaller number of U.S. troops remaining in Iraq after the main drawdown. 6This advisory capacity would focus on supporting Iraq's security forces and ensuring that ISIL cannot resurge. 4

Pentagon: No timeline to withdraw troops from Iraq yet, 8 SEPT

 Shafaq News/ A Pentagon official confirmed, on Friday, that the United States is aware of media reports regarding possible plans to withdraw US troops from Iraq but has not set any specific timelines.

The US government is “not ready yet to announce any dates,” the official stated in a press briefing.

Earlier, Reuters reported that the United States and Iraq have reached a preliminary agreement on the withdrawal of US-led Global Coalition forces from Iraq, quoting sources familiar with ongoing negotiations.

Sources said that the plan, which has been broadly agreed but awaits final approval and a formal announcement, would see several hundred troops depart by September 2025, with the remaining forces set to leave by the end of 2026.

“We have an agreement. It is now just a question of when to announce it,” a senior US official said.

Discussions are also underway to establish a new advisory role that could see a smaller number of US troops remain in Iraq following the drawdown, sources added.

An official announcement was initially expected weeks ago but was delayed due to regional tensions stemming from Israel’s war in Gaza and remaining logistical details, according to sources, including five US officials, two Coalition representatives, and three Iraqi officials, all speaking on condition of anonymity.

Technical negotiations between Baghdad and Washington, initiated by Iraqi Prime Minister Mohammed Shia Al-Sudani in January, have concluded. Farhad Alaaldin, the prime minister’s foreign affairs adviser, said the talks marked a shift in the US-Iraq relationship, emphasizing future bilateral cooperation in military, security, economic, and cultural sectors. Alaaldin did not comment on the specifics of the plan.

The agreement follows months of rising tensions, including attacks by Iran-backed Iraqi factions on US forces, which have killed three American troops and injured dozens more. US forces have retaliated with airstrikes, complicating efforts to stabilize Iraq after years of conflict.

The US currently has 2,500 troops in Iraq and 900 in neighboring Syria, part of a Coalition formed in 2014 to combat ISIS. While ISIS has been territorially defeated in Iraq since 2017, Us forces remain to support operations against the group in Syria.

Under the terms of the deal, Coalition forces will leave the Ain al-Asad airbase in al-Anbar governorate and scale back operations in Baghdad by September 2025.

Some US and Coalition forces are expected to remain in Erbil until the end of 2026 to support ongoing operations in Syria.

Prime Minister Al-Sudani has emphasized that US troops, while helpful, have become a target for instability, with attacks on their bases prompting uncoordinated retaliatory strikes. For the US, the two-year timeline allows flexibility for adjustments should the regional security situation evolve, a US official said.

Shafaq.com

LATEST FROM TNT, 8 SEPT

TNT 

• Fri. 6 Sept. 2024 TNT Update
•  The rates are still live. All kinds of meetings yesterday . Everyone says it’s going to happen by Monday. Some believe this evening.
• -

Fri. 30 Aug. 2024 TNT Tony

 “As of today, Iraqi banks can do international transfers with the dinar. The lower denomination dinars are supposed to be available in all regions of the country by tonight.

 All the 3-letter agencies and the banks say that there is nothing left to do except wait. Tony was told he should be getting the 800 number in the next few hours. We should have appointments to exchange this weekend. 

The banks have a set time to start the exchanges.

 It’s supposed to be between now and Sunday, according to the 3-letter agencies. The banks were told that we should start by Sunday. So after 5 pm Eastern today to Sunday is the window.

 Tony thinks it’ll start on Sunday. The basic rate for the dinar at the exchange centers is supposed to be $7-8, and the basic rate for the dong is $2-3. … 

Tony says all of his sources are still saying the same thing…it’s all DONE. He said Alaq came to the U.S. on Monday. SO this just came out and now 13 Iraq banks are now approved to interact in International banking…. to use any currency they want to include theirs….what does that mean… RV. He said he was told right before the call that our 800 numbers are coming out later today (after 5PM). 

He heard the window is going to be WIDE OPEN after 5PM to Sunday.  The banks told him they were told they would start BY SUNDAY. He is getting texts as the call continues and his bankers are saying they plan on working all weekend through the holiday.”

https://dinarevaluation.blogspot.com/2024/08/another-prediction-of-rv-of-tnt-31.html