The Current Case for Iraq' Monetary Reform, RI/RV, Challenges, Requirements and its Ultimate Success Now. (1 OF 4), 8 SEPT

 The Current Case for Iraq' Monetary Reform, RI/RV, Challenges, Requirements and its Ultimate Success Now. (1 OF 4)

Critics of an Iraq and Kuwait currency reinstatement comparison, have long pointed to the immutable fact that Kuwait was a State of the Art modern Democratic Monarchy, before it was ravaged by war, unlike Iraq which was an Archaic Dictatorship before and after its wars; so the argument goes, “you can't compare the two”.

However, that argument is not altogether conclusive proof that Iraq can't revalue anytime soon; especially now due to its current Parliamentary Democracy and stabilizing political reality, which has relatively improved, and most opinions to the contrary are highly subjective. 

Keep in mind although Iraq was an Archaic Dictatorship and was in great need of Monetary and State of the Art Economic Reforms before it started invading its neighbors, in particular Kuwait in 1990; Iraq factually had one of the highest valued currencies in the world (1 iqd to $3.21 usd) and was exchangeable here in the US! Therefore, any subsequent REQUIREMENTS to RI/RV Iraq’s currency internationally, are rooted in PRIMARILY SUBJECTIVE DETERMINANTS of the PTB (Powers That Be = Politics) and not Numbers and History. 

Furthermore, check out these much published but little considered facts regarding the circumstances in Kuwait when Kuwait Central Bank revalued its currency and was reinstated. 

We all know about Kuwait's limited public utilities days after the 1991 war; like little running water and very few lights in the country, when on March 25th, 1991 the NY Times reported Kuwait had revalued its currency by candlelight, back to the highest in the world. However, most of us have not researched the other political, societal, and economical circumstances surrounding Kuwait's revaluation and reinstatement. 

1. Did you know, the Kuwaiti Crown Prince 2nd in Charge of the Government, along with the Government's 22 cabinet ministers did not arrive back in Kuwait until March 5th a mere 20 days before they Revalued their Currency?  

2. Did you know, the Kuwaiti Emir Sheikh Jabah the number 1 ruler, did not return to Kuwait after 8 months of sheltering in Saudi Arabia until March 15th, 1991 a mere 10 days before the revaluation of their currency? 

3. Did you know that a vast amount of the Kuwaiti Government workers and administrators of the Kuwaiti Government agencies before the invasion were from Pakistan, Jordan, and other countries in the middle east and they NEVER Returned after the liberation of Kuwait. Talking about instability!

4. Did you know that a large number of the Kuwaiti surviving population were street protesting in March 1991 for a FULL DEMOCRACY, in other words, let's overthrow the ruling family who ran to safety and left us here to suffer? They felt abandoned by the ruling family and its Government for 8 months, consequently being subjugated by the invading Iraqis with unmentionable horrors? 

5. Did you know that 700 Kuwaiti Oil wells were still burning (during the RV) after being set on fire by the retreating Iraqi army and the last oil well was not extinguished until November 6, 1991? 

DINAR REVALUATION UPDATE: " THE REDEMPTION CENTERS WILL BE ACCESSIBLE FOR 90 % OF AMERICANS" , 8 SEPT

DINAR REVALUATION UPDATE

Summary

Stay updated on currency revaluation, particularly the Iraq Dinar. This content is for informational purposes only.

Highlights

• 🚩 New currency updates expected next week for Iraq Dinar!
• 🏦 Redemption centers will be accessible for 90% of Americans.
• 🌍 Iraq promotes global partnerships and investment opportunities.
• 🔍 US Congress raises concerns over Iraqi oil smuggling.
• 📈 Iraq maintains stable credit rating, boosting economic outlook.
• ⚠️ Always conduct personal research before making financial decisions.

Key Insights

• 📊 The anticipated currency revaluation of the Iraq Dinar could significantly impact investors, making this a critical time to stay informed about developments.
• 🏙️ The presence of trained staff at redemption centers indicates preparedness for potential exchanges, likely easing the process for investors.
• 🌐 Iraq’s push for global partnerships signals a strategic move towards economic integration, which could lead to enhanced investment opportunities.
• ⚖️ The warning from the US Congress regarding oil smuggling suggests potential political ramifications that could affect Iraq’s economic stability.
• 📉 Iraq’s stable credit rating is a positive signal for its economy, suggesting possible confidence in the country’s financial future and revaluation plans.
• 💡 The importance of personal research emphasizes the need for investors to be proactive and informed, especially in volatile markets.
• 📅 Upcoming announcements and developments could be pivotal; staying engaged with updates may yield advantageous insights for investors.

Iraq's Economic Freedom: Chapter VII Sanctions Lifted!

DINAR REVALUATION REPORT: Iraq Takes Control—Chapter VII Ends, 8 SEPT

 Iraq Takes Control—Chapter VII Ends

In a significant move that has garnered attention, Iraq is regaining full control of its currency and economy as of September 8, 2024. 1 Washington has ceased the automatic deductions from Iraqi oil revenues that were previously used to pay Kuwait, lifting a substantial financial burden on the country. 3

The cessation of these payments signifies the collapse of Chapter VII sanctions, which means Iraq now has true sovereignty over its resources and economy. 4The global shift in Iraq's economic landscape is happening right before our eyes. 5

Background on Chapter VII Sanctions

Chapter VII sanctions were initially imposed on Iraq by the United Nations Security Council (UNSC) following the Iraqi invasion of Kuwait on August 6, 1990. 1 

The sanctions largely remained in place until May 22, 2003, after Saddam Hussein's regime was overthrown, and continued to some extent, including reparations to Kuwait. 1

 The original intent of the sanctions was to compel Iraq to withdraw from Kuwait, pay reparations, and disclose and eliminate any weapons of mass destruction (WMD). 1

Iraq's Path to Sovereignty

The UNSC's decision to remove Iraq from Chapter VII sanctions on June 27, 2013, underscored the country's increased cooperation with its neighbors and marked the end of Saddam Hussein's legacy of aggression. 2 

This decision was based on Iraq's progress in addressing issues of missing Kuwaiti persons and property, which were then dealt with under Chapter VI of the U.N. Charter, promoting peaceful resolution of conflicts.  2

Impact on Iraq's Economy

Years of wars and economic sanctions had previously made the Iraqi monetary system vulnerable to international influences, rather than local necessities. 3However, with the end of Chapter VII sanctions, Iraq can now implement monetary policies that better align with its domestic needs and reduce dependency on external dictates. 3

New Iraqi Landscape

The renewal of Executive Order 13303 and the legacy of the Iraq War have shaped Iraq's future amidst regional and international power dynamics. 5 Iraq's sovereignty and economic control are now pivotal in navigating internal demands and external pressures. 5

Conclusion

Iraq's journey to regain control over its currency and economy marks a significant milestone in its history. With the end of Chapter VII sanctions, the country can now focus on strengthening its internal economic policies and asserting its sovereignty in the global arena.

Iraq Takes Control—Chapter VII Ends BY J ASSANGE, 8 SEPT

J ASSANGE

Iraq Takes Control—Chapter VII Ends

In a major move that has gone under the radar, Iraq is set to regain full control of its currency and economy. 

Washington has stopped the automatic deductions from Iraqi oil revenues used to pay Kuwait, lifting a huge financial burden on the country.

 The end of these payments signals the collapse of Chapter VII sanctions, meaning Iraq will now have true sovereignty over its resources and economy. The global shift is happening right before our eyes.

Courtesy: J Assange

DINAR REVALUATION HIGHLIGHTS!!: THE RV IS IMMINENT

DINAR REVALUATION REPORT: Sudani's Promise on RV Decision in 2024, 8 SEPT

 Sudani's Promise on RV Decision in 2024

As of September 7, 2024, discussions about Prime Minister Mohammed Shia' Al Sudani's decision regarding the revaluation (RV) of the Iraqi dinar remain prevalent. 1 Al Sudani's policies have significantly impacted the Iraqi economy, with measures to curb currency smuggling and stabilize the economy being at the forefront of his agenda. 1 These actions have reportedly led to increased government salaries and wages for retirees, and the launch of major development projects. 1

Economic Reforms and Public Perception

Al Sudani's implementation of US Federal Reserve policies aimed at preventing currency smuggling has been a pivotal point in his economic reforms. This has resulted in a reduction in the circulation of US dollars within Iraq and a subsequent increase in the value of the dollar. 1 Such measures have been both praised and criticized, with some factions within the Coordination Framework, an alliance of Shiite parties loyal to Iran, opposing his approach. 1

RV Speculations and Anticipation

Speculations about the RV of the Iraqi dinar have been a topic of discussion, with sources suggesting that the decision might be made this year. 2 However, there is a lack of concrete evidence to support these claims, and no official announcement has been made as of September 7, 2024. 2 Financial analysts and insiders have been monitoring the situation closely, with some expecting developments in the coming days. 2

Political Maneuvering and Elections

The political landscape in Iraq has been marked by maneuvering from the Coordination Framework, which seeks to call for early elections in 2024 or early 2025. 1 This strategy is designed to undermine Al Sudani's position by creating political and economic instability, with the aim of forcing him to step down and preventing his nomination in the upcoming elections.  1

Conclusion

As Prime Minister Mohammed Shia' Al Sudani navigates the complex dynamics of Iraqi politics and economics, the anticipation surrounding the RV of the Iraqi dinar continues to grow. While Al Sudani's policies have garnered support, the political opposition's strategies and the ongoing speculation about the RV's timing underscore the uncertainty and volatility in Iraq's financial future. 1