DINAR REVALUATION REPORT: World Court Approval for RV Initiation in Iraq 2024, 8 SEPT

 World Court Approval for RV Initiation in Iraq 2024

In a significant development, the World Court in The Hague has given the final okay for the RV (Revaluation) to start in Iraq as of 2024. 1

 This decision comes amidst a period of relative stability for the nation, following decades of armed conflict. Iraq has experienced its most stable period since before the US-led invasion in 2003, although the country still faces challenges such as political division and unresolved grievances from the 2019 mass protests.

Under Prime Minister Mohammed Shia al-Sudani's leadership, Iraq has attempted to address key issues including corruption, unemployment, poverty, economic reform, and improving government services. 

His government has also made progress in implementing the Yazidi Survivors Law and enacting a Civilian Protection Policy, although political infighting has hindered the passage of legislation aimed at protecting Iraqis' rights. 1

The International Monetary Fund (IMF) has indicated that Iraq's economic growth is projected to continue, albeit with significant medium-term vulnerabilities to oil price volatility.  6 

Reducing oil dependence and ensuring fiscal sustainability will be crucial, as will facilitating private sector development through reforms in the labor market, financial sector, and restructuring of state-owned banks.

Iraq's Path Forward

Iraq has made several positive strides in respecting and upholding human rights, which are essential for a stable society. However, the country must address the grievances of its citizens more urgently, especially in light of the worsening climate crisis that underscores the need for economic transition and diversification away from fossil fuels. 1

In June 2023, Iraq's parliament approved a three-year annual budget of 198.9 trillion Iraqi dinars (US$153 billion), the largest in the country's history. 1 This budget is intended to support the government's efforts in combating corruption, addressing unemployment, reducing poverty, reforming the economy and finances, and improving government services.

World Court's Role

The World Court's approval for the RV to start in Iraq signifies international recognition of the country's progress and stability. This decision is likely to have significant economic implications for Iraq, potentially leading to increased foreign investment and economic activity.

ABOUT THE IRAQ FINANCIAL REFORMS WITH GINGER AND HELICOPTER LADY, 8 SEPT

  Fascinating conversation with my good friend, Helicopter Lady, Liberty Lounger Extraordinaire ~ who has a fabulous handle on all things Iraq Financial Reforms & shared with permission 🙏 9.7.24 

💢 Helicopter Lady: I think every element involved is fulfilling its final requirements to be in-line for the floodgates to open. 

Example - I do believe Iraq has the ongoing problem of not being able to pay all their government employees. Historically, they used to be paid in US dollars, so it was no problem; but since they made a commitment to pay in (IQD) Dinars, they don't have enough dinars in Baghdad. 

Why? 🧐 

Because speculators in The Camper Event - those of us around the world in Tier 3 and Tiers 4 A/B have the dinars!! 😁😁😁😁

Iraq's solution, of course, is to finally revalue, but they are waiting for a couple of things -- chicken or the egg 🥰: ⬇️✅

1. They need a public commitment from the US for the troops to leave, but Trump insists on getting paid before any troops leave Iraq.

2. At the same time, WTO wants a commitment from Iraq that it can meet its obligations before they are officially admitted into the WTO.

3. The World Court in the Hague gives the final okay for the RV to start, and it's waiting for Iraq to have public commitments for the aforementioned items 1 and 2. 

So we have an interesting situation here. It's the chicken or the egg kind of dance. 😛😝😆 Somebody has to budge! 😂😂

The irony to note is that the Iraqis can't print anymore Dinar because the dinar is gold backed.

💢 Ginger: Bring On The RI/RV! Let's Do This! 💥🔥💥#RVThereYet #HappyCampers #GLL

~ Ginger's Liberty Lounge

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