DINAR REVALUATION

Thursday, November 28, 2024

WALKINGSTICK: IRAQ WILL USE PETRO DINAR IN ALL OIL SALES : EVERYONE WILL ONLY USE THE IQD IN IRAQ

NETWORK REVEALS THE FATE OF THE CHINESE DEAL.. IT WAS DISRUPTED BY “IRAQI OFFICIALS” – URGENT WITH COMMENTS OF MNT GOAT, 28 NOV

NETWORK REVEALS THE FATE OF THE CHINESE DEAL.. IT WAS DISRUPTED BY “IRAQI OFFICIALS” – URGENT

The Diplomat Network revealed in a report published today, Saturday (November 23, 2024), the fate of what is known as the “Chinese deal” under the Belt and Road Initiative launched by China to invest in Africa and the Middle East, confirming that the deal was “deliberately obstructed” by local Iraqi officials.

The network explained, according to what was translated by “Baghdad Today”, that some influential officials in the Iraqi government have begun to view with “concern” the increase in Chinese influence inside Iraq to unprecedented levels, stressing that “some Iraqi officials are concerned about the increased reliance on foreign investments to build Iraqi infrastructure, which weakens Iraq’s ability to make its strategic decisions.”

She continued: “The Iraqi government, like the rest of the Middle Eastern countries, is trying to maintain a difficult balance in its relations with the West and the East, in addition to maintaining its ability to make its strategic decisions with complete sovereignty, which may conflict with the presence of significant foreign influence on the Iraqi infrastructure sector internally,” according to her description.

The network also confirmed that the United States of America also views the growing Chinese influence in Iraq with another “concern”, explaining that the United States has spent about 90 billion dollars on Iraq since 2003, and thus has great influence on the Iraqi strategic decision and therefore opposes the growing Chinese influence inside Iraq, which is a competitor to its influence .

The Diplomat pointed out that the Chinese deal, which was concluded in 2019, included China rebuilding the infrastructure in Iraq with an investment of up to 10 billion US dollars, and in return the Iraqi government committed to giving China 100,000 barrels of oil per day for free for twenty years, which some local leaders in Iraq see as the country’s heavy reliance on China to implement and operate infrastructure projects, which leads to giving China influence over Iraqi strategic decisions, according to the statement.

It is noteworthy that Chinese officials confirmed to the network that the deal has been “temporarily suspended” due to the position of Iraqi officials, as some of them confirmed that China will try to “provide reassurances” to the Iraqi government during the coming period to begin implementing the deal, which the network described as “controversial” in Iraq.

(Remember post RV Iraq will also be on the hook to sell oil to the US at a fixed, low price for the next 30 years (oil credits from our exchanges). This is in part how Iraq is going to pay for the exchange of currency on revaluation. But this oil is not FREE as with China.)

MNT GOAT: " Yes, they are more than ready and so where is their currency? Why not reinstate it? " , 27 NOV

MNT GOAT: "AL-SUDANI: IRAQ MUST ALWAYS BE AT THE FOREFRONT"

Prime Minister Mohammed Shia al-Sudani said today, Sunday, November 24, 2024, that: "Iraq must always be at the forefront." -

"Iraq is one of the most prominent founding members of the United Nations" - "Iraq has become, by the United Nations' recognition, a country that has fulfilled all the conditions for democratic, political

and developmental transformation." So now we hear it from the United Nations too. Is Iraq ready to be a player in the international arena?

Go read the rest of today's articles too. Yes, they are more than ready and so where is their currency? Why not reinstate it?

What are they waiting for?

Are they waiting for their target timeframe of early 2025?

MAJEED: " $1 IRAQI DINAR PER $13 USD" ‪@DINARREVALUATION‬

THE EUROPEAN UNION ORGANIZES A WORKSHOP IN BASRA ON CENTRAL ADMINISTRATION AND THE WEALTH DISTRIBUTION SYSTEM, 28 NOV

THE EUROPEAN UNION ORGANIZES A WORKSHOP IN BASRA ON CENTRAL ADMINISTRATION AND THE WEALTH DISTRIBUTION SYSTEM

The European Union organized a workshop in Basra on central administration and the wealth distribution system.

Basra Governor Asaad Al-Eidani stressed during the workshop that the distribution of wealth has limitations for the poorest areas as well as areas with high population density, in addition to areas that were damaged by the wars that Iraq witnessed.

He added that Basra has three resources for distributing wealth in the budget, which are: regional development, border crossing revenues, and petrodollars. Basra may not be given its full revenues, which are according to the constitution, due to the financial situation and challenges facing the country. He pointed out that during the past two years there are debts owed to the governorate that must be given those entitlements.

Al-Eidani explained that “the infrastructure projects being implemented in the province have contributed significantly to improving the economic situation in various housing units, noting that house prices in the province have witnessed a noticeable doubling during the past few years, reaching ten times their previous value.

Al-Eidani pointed out that these improvements reflect the impact of development projects on improving the standard of living and enhancing the value of real estate assets in Basra.”

TIDBIT FROM MILITIAMAN, 28 NOV

Militia Man

Article quote: "The objectives of banking reforming Iraq will end with a high integration that achieves competitiveness, homogeneity, compliance and governance within the Iraqi banking market and achieves the integration of the national banking market with the global market."

They haven't ever done that with an exchange rate of 1180, 1166, 1182, 1310, 1450...Never happened.

Then why would they just all of a sudden say, 'Now it's okay'?

...Integrating Iraq's national banking market system with the global market system in my view will require a real effective exchange rate...