THE NEW DIGITAL ECONOMIC SYSTEM BACKED IN ASSETS OF IRAQ #iraqidinar @DI...

Washington accuses Iraqi militias of targeting US diplomatic facility in Baghdad, 14 SEPT

 Washington accuses Iraqi militias of targeting US diplomatic facility in Baghdad

The United States accused   Iraqi "militias" allied with Iran of targeting a US diplomatic facility in the capital, Baghdad, and vowed to respond. It called on  the Iraqi government to do its part to protect diplomatic facilities. Camp Victory, which houses US soldiers, west of Baghdad, was subjected to a rocket attack on Tuesday night, in an operation that came days after Iraq announced that there was no official and fixed agreement on a date for ending the international coalition’s mission and withdrawing US forces from the country.

On Friday, the US Embassy in Baghdad said in a statement that "last Tuesday, the Diplomatic Support Complex in Baghdad, a US diplomatic facility, was attacked, but fortunately no casualties were reported," stressing that "evidence suggests that the attack was launched by Iranian-allied militias operating freely in Iraq.”

The statement indicated that "the Government of Iraq has repeatedly expressed its commitment to protecting diplomatic missions, as well as US military personnel who are in the country at its invitation," renewing its call on the Iraqi government to "protect our diplomatic and coalition partner personnel and their facilities.” It added, "We reserve the right to defend ourselves and protect our personnel anywhere in the world."

The attack came hours before Iranian President Massoud Pezeshkian was due to visit Iraq, and occurred despite Iraqi forces taking tight security measures in the capital. No Iraqi faction has claimed responsibility for the attack, and the Iraqi Hezbollah Brigades, allied with Iran, called on the government to uncover the perpetrators. “Targeting Baghdad airport at this time is carried out by suspicious hands, and its aim is to disrupt the Iranian president’s visit to Baghdad, and we call on the security services to uncover those involved,” said Hezbollah Brigades military spokesman Jaafar al-Husseini.

• For its part, the Al-Fatah Alliance, an Iraqi political alliance with parliamentary and government representation that includes a number of armed factions, considered the attack "an attempt to confuse the cards and direct blame at the resistance factions." Ali Al-Fatlawi, a member of the alliance, said on Thursday that “the factions will not be afraid to declare any action they take. The attack aims to embarrass Prime Minister Mohammed Shia Al-Sudani and create a gap between the resistance factions and the government." He stressed that "the operation, in all its details, confirms that the resistance factions have nothing to do with it, neither directly nor indirectly."
• In February, bilateral talks between Baghdad and Washington resumed regarding the withdrawal of international coalition forces from Iraq, with the adoption of a "deliberate and gradual reduction", leading to the end of the mission of the international coalition forces to combat ISIS, according to official Iraqi statements. However, the Security and Defense Committee in the Iraqi parliament expected that the recent attack would push the US side to a new military response against some Iraqi factions, especially since the Americans exploit any opportunity and circumstance to target those factions.   link

LATEST FROM JON DOWLING, 14 SEPT

 JON DOWLING

So Iraq is having important meetings this weekend to pick the new speaker and announce a new digital economic system backed in assets.

If there’s breaking news over the weekend, we’ll do a special video to cover it. 

Gary Gensler head of the SEC is being investigated for illegal hiring practices and other nefarious activities. His doom awaits him. 

@JonDowling

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Jon Dowling

Recent developments in Iraq’s financial sector, including the implementation of a new banking system, currency diversification, and Iraq’s leadership role in international forums.

Iraq is set to chair the Group of 77 in China, marking a significant diplomatic milestone after 60 years.

A comprehensive banking system is being implemented in 40 branches, signaling readiness for international engagement.

The Central Bank is diversifying currency use, aiming to reduce reliance on the dollar.

Upcoming distribution of retirees’ salaries suggests potential changes in exchange rates.

Increased participation of Kurdish traders is contributing to a decrease in the dollar’s exchange rate.

https://dinarevaluation.blogspot.com/2024/09/latest-from-jon-dowling-2-sept.html

Iraqi Banks Go Global: Multi-Currency Transfers Now Live! #gold #news #...

DINARLAND HIGHLIGHTS: THE US TREASURY MET WITH IRAQ TO STREHNTHEN THE IQD BY ALLOWING OTHER CURRENCIES FOR DEPOSIT, 13 SEPT

Summary

The U.S. Treasury met with Iraqi officials in January to strengthen the IQD by allowing other currencies for deposits to enhance its global market position.

Highlights

• 🇺🇸 U.S. Treasury’s involvement in Iraq’s currency strategy.
• 🌍 Discussions held in Abu Dhabi for economic collaboration.
• 💼 Presence of major banks like JP Morgan Chase and Citibank.
• 💱 Agreement to support UAE Dirham and BRICS currencies.
• 🇪🇺 Inclusion of the Euro and Turkish Lira in financial plans.
• 🇮🇳 Indian Rupee and Chinese Yuan also approved for deposits.
• 📈 Aim to strengthen the Iraqi Dinar in the global market.

Key Insights

• 📅 The timing of the January meeting highlights a strategic push for Iraq’s economic stability.
• 🌐 Pairing the IQD with other strong currencies could create more trust among investors.
• 🏦 Involving prominent banks like JP Morgan Chase and Citibank signifies serious financial backing.
• 📊 The inclusion of currencies like the Euro and Turkish Lira indicates a diversified approach to currency management.
• 💼 The UAE Dirham and BRICS currencies’ acceptance suggests a shift towards non-Western economic alliances.
• 💵 Allowing multiple currencies for deposits enhances liquidity, making the Dinar more attractive.
• 🔗 Overall, these actions are crucial steps towards integrating Iraq into the global economy.

Iraq's New Oil Profit-Sharing Contracts Explained!

DINAR REVALUATION REPORT: Iraq Prepares to Hand Over Kirkuk Oil Fields to BP for Development, 13 SEPT

 Iraq Prepares to Hand Over Kirkuk Oil Fields to BP for Development

Iraq is gearing up to transfer the management of its Kirkuk oil fields to British Petroleum (BP) for development and production enhancement. 1 North Oil Company (NOC) has initiated a work plan aimed at maximizing production from the Kirkuk, Bai Hassan, Jambur, and Khabbaz fields before handing them over to BP. This move is part of a strategic agreement to boost the fields' output capacity. 3

Strategic Agreement with BP

A memorandum of understanding was signed by Iraq's Oil Minister Hayan Abdel Ghani and BP's CEO Murray Auchincloss, detailing the rehabilitation and development of the four oilfields under the North Oil Company in Kirkuk. 4 This initiative is part of Iraq's broader effort to optimize its energy investments and increase oil production while exploring opportunities in gas and solar energy.

Profit-Sharing Model

The agreement between BP and Iraq will be based on a profit-sharing model. 5 a structure designed to incentivize BP to enhance production levels while sharing the financial risks and rewards with the Iraqi government. This model is expected to be finalized by the end of the year, with both parties signing a confidentiality agreement before the data package for Kirkuk's fields and installations is handed over to BP. 6

Preparatory Activities by NOC

NOC is currently executing a drilling and rehabilitation plan, as well as well-activation activities without rigs, to speed up the preparation of well sites and complete each site within three weeks. 3 The company is also laying pipelines and completing connections for wells in the Bai Hassan and Khabbaz oil fields to stabilize production levels and ensure all requirements for BP are met within the projected timeframe.

Economic Expert's Perspective

Economic expert Ali Khalil emphasized the importance of the contract between the Iraqi government and BP delivering tangible results in terms of increased production within a specific timeframe. 3 Khalil noted that BP had a prior contract with NOC, and this new agreement must ensure that the British company achieves the desired outcomes for Iraq's oil sector.

Conclusion

Iraq's decision to hand over the Kirkuk oil fields to BP for development marks a significant step in the country's strategy to maximize its oil production and investment opportunities. The profit-sharing model agreed upon is expected to foster a mutually beneficial relationship between BP and the Iraqi government, driving economic growth and energy sector development in Iraq.