THE IRAQI DOLLAR AND THE FIRST DAY “PASSED PEACEFULLY”.. THE CENTRAL BANK IS INNOCENT AND DEVOTED TO THE DINAR, 8 JAN

 THE IRAQI DOLLAR AND THE FIRST DAY “PASSED PEACEFULLY”.. THE CENTRAL BANK IS INNOCENT AND DEVOTED TO THE DINAR

Quick review by Mahmoud Dagher

“The first day passed peacefully,” said Dr. Mahmoud Dagher, a prominent financial expert, commenting on the first day of official work after the New Year’s holiday and the start of implementing the decision to cancel the dollar selling platform for traders and companies, which had been controversial for 20 years. Since Sunday morning, there has only been a slight increase in the dollar price. 

According to Dagher, who managed the operations of the Central Bank for many years, the platform’s function has changed from being a seller of dollars to Iraqi companies, to an intermediary between Iraqi banks and foreign correspondent banks (JP Morgan and Citibank), which will be responsible for auditing and approving the transfers, instead of the Central Bank of Iraq, which has cleared its responsibility in this way according to an understanding with international institutions and the US Federal Reserve, and is currently devoted to taking dinars from Iraqi traders and converting them into dollars to be transferred to foreign banks that have begun to organize Iraqi trade.

Dr. Mahmoud Dagher – Economic Expert:

Canceling the platform does not mean that the Central Bank is not converting dinars into dollars.

The Central Bank receives the dinar from the banks, which is the money of the customers (traders), and converts it into dollars and delivers it to the foreign correspondent banks. It will not undertake the auditing, but they will undertake that.

The currency selling window will remain, but its mission will not be to sell dollars but to convert dinars into dollars, and there was no problem in the market today, Sunday, although the dollar rose very slightly.

The Central Bank announced foreign currency sales (dollars) today, Sunday:

EXCERPTS FROM MAYHEM, 8 JAN

 ♦️Mayhem w/ Mel♦️

            Sizzling Sunday

                   01-05-25

♦️Welcome, welcome, welcome 

Ladies & Gentlemen, Remember 

Remember the 5th of November

♦️A BIG HAPPY NEW YEAR, January is equivalent to November in the New Calendar(Julian), today is Dec 21,YES the WH uses the Julian calendar 

♦️IRAQ to RELEASE LOWER DENOMINATIONS, which is equivalent to 1955 pricing, Going Back to the FUTURE, going BACK to happy, happier times, STAY FOCUSED on the FUTURE…..

Mel says see you all on the FLIP SIDE, bye for now..

♦️Sizzling Sunday w/ Mel

FIREFLY: The feel on the streets we citizens know a new rate is coming! @DINARREVALUATION #iqd

 

IMPORTANT IRAQ NEWS: AL-SUDANI: THE DEVELOPMENT ROAD PROJECT WILL ENHANCE IRAQ’S POWER IN THE REGION, 8 JAN

 AL-SUDANI: THE DEVELOPMENT ROAD PROJECT WILL ENHANCE IRAQ’S POWER IN THE REGION

Prime Minister Mohammed Shia al-Sudani confirmed today, Sunday, that the development road project will enhance Iraq’s strength in the region, politically and economically.

During his reception of the Director of the Iraqi Institute for Dialogue, Abbas Radhi Al-Amiri, according to a statement from his office received by “Al-Eqtisad News”, Al-Sudani was briefed on the work of the organizing committee for the Seventh Baghdad International Dialogue, whose activities will start on February 22-23, 2025 under the slogan “The Path to Iraqi Development… Alliance of Interests and Geopolitical Stakes”, noting that choosing this topic falls within the great Iraqi interest in the project, which gives the country a pivotal role in the regional system as an important point of communication between the East and the West.

According to the statement, Al-Sudani expressed his “sponsorship of this annual international gathering hosted by the capital, Baghdad, which hosts an elite group of the most important decision-makers in the region and the world.”

TNT TONY INTEL CALL FOR JANUARY 6, 2025, 8 JAN

 TNT TONY INTEL CALL FOR JANUARY 6, 2025.

 The Summary: 

1.  Tony said he is 99.9% sure the RV will happen within two days.  

2. The RV should have happened last week.  

3. There is a meeting going on right now discussing when to release the authorization codes.  

4. Today at 2:00 pm the window opened.  

5. They were making sure there was no problem with certifying the election for the President of the US.  

6. Tony was told that Tuesday or Wednesday the RV will start for us.  

7. Nothing else has changed.  

8. Tony was told over the weekend that it was our turn. That is "we are next in line." 

9. The window is open... 

10. The RV will be on FourX this Friday for the general public.  

11. Question: Do we need a trust now. Answer: No 

12. There was a long discussion on the Bolivar. The final word was $0.38 to $0.83 depending on the amount you have and your negotiating skills.  

13. All Bolivar dated 2018 plus are good.  

14. Question: People in Kurdistan are being paid now. We were told that when Kurdistan gets paid we were to be paid at that time. Answer: That's still true.  

15. All countries have stated they want the RV before January 20, 2025. Before trump takes the office of the President of the United States.  

16. Question: is this a done deal? Answer: Tony said he is 99.9% sure it is. He will only be 100% sure when he gets the Code.  

17. All banks work the same way. When you deposit a large check you can get a small amount of money at the time of said deposit. The exchange will work the same way. You can get 10% of your deposited amount immediately and 90% within 72 hours.  

End of the Summary

NADER FROM MID EAST:THE SPIKE ON FOREX: THE IQD LOST it's zero and it's .0014 instead of .0076

 

IRAQ AND AMERICA DISCUSS THE EXISTING PARTNERSHIP BETWEEN THE TWO COUNTRIES AND ENHANCING COOPERATION WITH COMMENTS OF MNT GOAT, 8 JAN

 IRAQ AND AMERICA DISCUSS THE EXISTING PARTNERSHIP BETWEEN THE TWO COUNTRIES AND ENHANCING COOPERATION

Today, Tuesday, the Speaker of the Iraqi Parliament, Mahmoud Al-Mashhadani, discussed with the Chargé d’Affairs of the US Embassy in Baghdad, Ms. Elizabeth Trudeau, in the presence of the Director of the Political Section at the Embassy, ​​Ms. Michelle Siders, the general situation in Iraq, and ways to enhance cooperation and existing partnership between the two countries. 

The media office of the Speaker of the House of Representatives stated in a statement received by “Kalima News”: “During the meeting, the general situation in Iraq was discussed, and ways to enhance cooperation and existing partnership between the two countries, with emphasis on the United States’ support for Iraq in various fields, in a way that enhances stability and development.”

According to the statement, the meeting also discussed “a number of topics of common interest, including developments in the regional situation and their effects on the Iraqi arena.” 

Dr. Al-Mashhadani stressed the importance of strengthening relations between Iraq and the United States within the framework of common interests, stressing the need to continue dialogue and cooperation to support Iraq’s stability and continue efforts to confront political and economic challenges.

(Let’s hope the Trump administration is much more responsive than the past Biden four years.)