DINAR REVALUATION

Tuesday, October 1, 2024

Maxim Malyarchuk, Energy Progression, Russian-Iraqi Business Council, 2 OCT

ERBIL, Kurdistan Region (Kurdistan 24) – The Executive Director of Russian-Iraqi Business Council, Maxim Malyarchuk, revealed in an interview with Kurdistan 24 on Monday, they have made progression in the energy in the Kurdistan Region, they also sort out any challenges coming on the way of Russian and Kurdistan traders.

Malyarchuk stated “Russia has a large investment in the energy in Kurdistan Region, we have come to Kurdistan Region to make a direct relationship between Kurdistan Region and Russia,”

Kurdistan Region is an enormous ground to opportunities and widely open to the rest of the world for establishing the state, diplomatic, business and all kind of global relations that would best work for the bilateral interests.

“Also, to deal with any challenges and obstacles exist in the way between the region and Russia” He added.

According to his word during the interview, there is progression gained in the energy side in Kurdistan Region. There are two large companies Rosneft and Gazprom,

“We are in the region to discuss the challenges experience in the energy field, to tackle those challenges are between Russia and Kurdistan Region, we can resolve them”

Russia’s relations, like all other countries who have already made strong ties with the Kurdistan Region, has been investing and establishing relations in different aspects and progressing due to the region resilience which is widely brightening the way to the internationality.

https://www.kurdistan24.net/en/story/37066-Maxim-Malyarchuk,-Energy-Progression,-Russian-Iraqi-Business-Council

THREE MAJOR TAKEAWAYS FROM PM SUDANI BY JON DOWLING, 1 OCT

JON DOWLING

Three major takeaways from PM Sudani’s great efforts last week at the UN General Assembly:

1.) He announced the end of the currency auctions this year, not next year,

2.) Israel was waiting for the announcement of the currency auctions. Once they got it, you can see they started striking and are summarily taking out every bad guy in sight. Next up: Iraq/Iran for the grave surrender,

3.) The UN did appoint a new middleman to replace Jeannine, but notice you haven’t seen them at all and you probably won’t, since everything is coming to an end.

@JonDowling

"They tell them we're lifting three zeros" BY FRANK26 @DINARREVALUATION

Iraqi FM urges caution: ‘Iraq must avoid entanglement in the conflicts’, 1 OCT

ERBIL (Kurdistan24) – On Monday, Iraqi Deputy Prime Minister and Foreign Minister Fuad Hussein cautioned against the potential fallout of ongoing conflicts in the region during a ministerial meeting of the international coalition against ISIS (D-ISIS) in Washington.

Hussein stressed that Iraq must avoid entanglement in the conflicts, particularly as wars in Gaza and Lebanon could spread instability across the region.

He warned that protracted conflicts could lead to chaos, creating an environment for terrorist organizations like ISIS to exploit, further deteriorating the humanitarian situation and increasing the number of refugees.

The minister also expressed concern about the growing use of social media by terrorist groups, particularly ISIS, as a platform for spreading extremist ideologies. He called for a more comprehensive approach to fighting terrorism, which includes not only ground operations but also efforts to counter the spread of radicalism online.

Hussein emphasized the need for coalition members to coordinate closely, particularly in monitoring and controlling social media platforms, to prevent them from becoming tools for terrorist recruitment and propaganda.

In his remarks, Fuad Hussein underscored the importance of international cooperation to defeat ISIS in all arenas, both physical and digital, to ensure a lasting victory over terrorism.

On Sunday, the Kurdistan Region’s Presidency issued a statement expressing deep concern over the rapid military developments and escalating tensions in the Middle East.

The Presidency warned that the current situation poses a grave threat to the security and stability of the region. It further cautioned that the continuation of such escalations will inevitably lead to more tragedies and widespread destruction.

In its call for peace, the Kurdistan Region’s Presidency urged all parties involved to exercise wisdom and self-restraint in order to prevent further deterioration of the situation and to safeguard stability in the Middle East.

https://www.kurdistan24.net/en/story/37071-Iraqi-FM-urges-caution:-%E2%80%98Iraq-must-avoid-entanglement-in-the-conflicts%E2%80%99

RV UPDATE BY MILITIAMAN, 1 OCT

Militia Man

In the last week or so...there's probably five or six articles specifically talking about removing zeros from the Iraqi dinar...

Quote: "...this is done by removing a specific number of zeros from the nominal value of the currency."

From the value of the currency not the currency notes but the value of the currency...

Article: "Minister of Transport announces the establishment of the Joint Maritime Authority between Iraq and Britain"

...Massive amounts of trade is coming to the ports of Iraq... I suspect Al-Sudani and his teams are fully aware of the priorities needed to make it all happen.

https://dinarevaluation.blogspot.com/2024/10/rv-update-by-militiaman-1-oct.html

Militia Man

They will need to have an international IMF Article XIV and Article VIII compliant currency.

One that the Central Banks can defend and likely in a very fast and efficient manner with the most advance systems in the world.

The focus in the future is going to be instantaneous cross border payments 365/24/7 and no blackouts with little cost. It is now the time to be paying attention...

https://dinarevaluation.blogspot.com/2024/09/it-is-now-time-to-be-paying-attention.html

DINARLAND UPDATE :WHAT BAGHDAD TV ARE SHOWING TO THE CITIZENS BY FIREFLY...

Iraqi dinar under pressure amid regional tensions, 1 OCT

ERBIL (Kurdistan24) – The Iraqi dinar has been steadily depreciating against the US dollar, driven by a confluence of factors related to regional tensions and domestic economic conditions.

Bilal Saeed, a trade and marketing consultant, has identified five key reasons for the dinar's decline.

The exchange rate of the US dollar against the Iraqi Dinar was between 151,700/151,800 IQD for 100 US Dollars in the Kurdistan Region today.

1- Regional Tensions: The ongoing conflict between Israel and Lebanon's Hezbollah has created a sense of uncertainty and fear in Iraq, leading to capital flight and increased demand for US dollars as a safe haven currency.

2- Domestic Protests: Anti-government demonstrations and protests sparked by Israeli attacks on Lebanon have further exacerbated the situation. Concerns over potential US retaliation against Iraqi Shiite groups, including Hashd al-Shaabi, have also contributed to market instability.

3- Government Spending: Increased government expenditures, financed primarily through the sale of US dollars, have put downward pressure on the dinar. As the government exchanges more dollars for dinars to fund its operations, the supply of dinars in the market increases, weakening its value.

4- Increased Demand for Dollars: Both Iraqi citizens and businesses have been seeking to acquire US dollars, either for investment purposes or to hedge against potential economic instability. This increased demand has driven up the price of the dollar relative to the dinar.

5- Remittances and Regulations: Restrictions on remittances and other regulatory measures have created excess demand for US dollars, as individuals and businesses attempt to transfer funds outside the country.

Saeed predicts that the Iraqi dinar will continue to depreciate against the US dollar as long as regional tensions, particularly the war between Israel and Hezbollah, persist.

The ongoing uncertainty and economic challenges facing Iraq are likely to further exacerbate the downward pressure on the dinar.

https://www.kurdistan24.net/en/story/37084-Iraqi-dinar-under-pressure-amid-regional-tensions