DINAR REVALUATION REPORT: US and Iraq Reach Agreement on Coalition Forces Withdrawal, 8 SEPT

US and Iraq Reach Agreement on Coalition Forces Withdrawal

On September 7, 2024, it was reported that the United States and Iraq have reached an agreement on the withdrawal of Coalition forces from Iraq. 1  3 The deal, which still requires final approval from both governments and an official announcement, would see hundreds of coalition troops leave Iraq by September 2025, with the remainder departing by the end of 2026.  4

Background and Negotiations

Formal talks on the status of the approximately 2,500 US troops in Iraq began in January 2024 but were delayed amid tensions over Israel’s war on Gaza. 2 According to sources, the agreement was initially scheduled for an announcement weeks ago but was postponed due to regional escalation related to Israel's military actions in the Gaza Strip and to clarify some details.  5

New Advisory Relationship

The US and Iraq are also seeking to establish a new advisory relationship that could see some US troops remain in Iraq after the drawdown. 1 This would allow for continued cooperation in military, security, economic, and cultural spheres. 3

Phased Withdrawal

Under the deal, all coalition forces will withdraw from the Ain al-Asad airbase in western Anbar province and significantly reduce their presence in Baghdad by September 2025. Operations will continue in Erbil, Kurdistan, until late 2026. 3 This phased drawdown aligns with Iraq's goal to shift towards bilateral cooperation with the coalition.

Official Announcement

An official announcement of the agreement could be made as soon as this month. 3

Reuters: Iraq-U.S. reach an agreement on withdrawal of Coalition forces, 8 SEPT

 Shafaq News/ The United States and Iraq have reached a preliminary agreement on the withdrawal of U.S.-led coalition forces from Iraq, Reuters quoted sources familiar with ongoing negotiations on Friday.

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, sources said.

“We have an agreement. It’s now just a question of when to announce it,” a senior U.S. official said.

Discussions are also underway to establish a new advisory role that could see a smaller number of U.S. 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 U.S. 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 U.S.-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 militias on U.S. forces, which have killed three American troops and injured dozens more. U.S. forces have retaliated with airstrikes, complicating efforts to stabilize Iraq after years of conflict.

The U.S. currently has 2,500 troops in Iraq and 900 in neighboring Syria, part of a coalition formed in 2014 to combat Islamic State. While Islamic State has been territorially defeated in Iraq since 2017, U.S. 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 Anbar province and scale back operations in Baghdad by September 2025. Some U.S. and coalition forces are expected to remain in Erbil, in Iraq’s semi-autonomous Kurdistan region, until the end of 2026 to support ongoing operations in Syria.

The drawdown signals a shift in U.S. military presence in the region. While initially aimed at countering Islamic State, U.S. forces have become increasingly focused on deterring Iranian influence, particularly in light of escalating tensions between Israel and Iran.

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

https://shafaq.com/ar/أمـن/رويترز-العراق-والتحالف-الدولي-توصلا-لتفاهم-بش-ن-نها-عملياته

"IRAQ WIL PUSH THE TRIGGER TO INCREASE THE VALUE OF THE IRAQI DINAR" BY REINALDO JC, 8 SEPT

 Reynaldo JC

IRAQ 🇮🇶

🚨 IRAQ TELLS US TO THE FACE THAT THEY WILL PUSH THE TRIGGER TO INCREASE THE VALUE OF THE IRAQI DINAR! 

✅ GREEN LIGHT AND BLESSINGS FROM THE US FEDERAL RESERVE AND TREASURY!

The outcome of last week's meeting between the CBI and the US Treasury and Federal Reserve.

👇🏾

The Prime Minister's Advisor on Financial Affairs, Mazhar Mohammed Salih, confirmed on Wednesday that the renewed understanding with the US Federal Reserve WILL ALLOW the monetary authority to RE-ESTABLISH a domestic banking market, while indicating that the results of the discussions between The Central Bank and the Federal Reserve are GOOD and CONSISTENT with the working rules, noting that they WILL ALLOW the IMPLEMENTATION of a PRECISE path between IRAQI and INTERNATIONAL banks.

“Specifically large INTERNATIONAL banks interested in INTERNATIONAL banking operations that cross markets), and that an advanced model of understandings has been ACHIEVED at this stage.”

Salih highlighted that “this WILL ALLOW the IMPLEMENTATION of a CLEAR and ACCURATE path to facilitate payment and settlement operations between IRAQI banks and INTERNATIONAL correspondent banks, as well as the final beneficiary in the trade financing cycle in the areas of INTERNATIONAL trade and CURRENCIES that Iraq deals with by paying in different reserve currencies.”

TRANSLATION IN SPANISH

Reynaldo JC : Dice 

IRAQ 🇮🇶

🚨 ¡IRAQ NOS DICE EN LA CARA QUE APRETARÁN EL GATILLO PARA AUMENTAR EL VALOR DEL DINAR IRAQUÍ! 

✅ ¡LUZ VERDE Y BENDICIONES DE LA RESERVA FEDERAL Y EL TESORO DE EE. UU.!

El resultado de la reunión de la semana pasada entre el CBI y el Tesoro de EE. UU. y la Reserva Federal.

👇🏾

El asesor del Primer Ministro en Asuntos Financieros, Mazhar Mohammed Salih, confirmó el miércoles que el renovado entendimiento con la Reserva Federal de los Estados Unidos PERMITIRÁ a la autoridad monetaria RESTABLECER un mercado bancario interno, al tiempo que indicó que los resultados de las discusiones entre el Banco Central y la Reserva Federal son BUENOS y CONSISTENTES con las reglas de trabajo, señalando que PERMITIRÁN la IMPLEMENTACIÓN de una vía PRECISA entre IRAQUÍ y los bancos INTERNACIONALES.

“Específicamente los grandes bancos INTERNACIONALES interesados ​​en operaciones bancarias INTERNACIONALES que cruzan los mercados), y que se ha LOGRADO un modelo avanzado de entendimientos en esta etapa”.

Salih destacó que “esto PERMITIRÁ la IMPLEMENTACIÓN de una vía CLARA y PRECISA para acelerar las operaciones de pago y liquidación entre los bancos IRAQUÍES y los bancos corresponsales INTERNACIONALES, así como el beneficiario final en el ciclo de financiamiento comercial en las áreas de comercio INTERNACIONAL y DIVISAS con las que Irak trata pagando en diferentes monedas de reserva”.

World Court Greenlights Iraq's RV: What It Means

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. 🔍