DINAR REVALUATION

Saturday, January 11, 2025

Historic Dinar Revaluation Confirmed by Trump! 🎉 ‪@DINARREVALUATION‬ #iraqidinar #iraqidinarinvestor

Al-Sudani receives a call from the Pope, 11 JAN

Al-Sudani receives a call from the Pope

Prime Minister Mohammed Shia al-Sudani received a phone call today, Thursday, from the Pope of the Vatican, His Holiness Pope Francis, who invited al-Sudani to participate in the World Leaders Summit on Children's Rights, which the Vatican is organizing next February, on the occasion of World Children's Day.

A statement from Al-Sudani's office stated that the latter referred to the close relations between Iraq and the Vatican, the common positions on rejecting conflicts and wars, and strengthening efforts to establish security in the world.

For his part, His Holiness the Pope praised Al-Sudani's efforts to calm the situation and his ongoing dialogue with the countries of the region, in order to reduce tension and end conflicts, which contributes to establishing regional stability and security. link

EXCERPTS FROM MARKZ: The re-negotiated rate is on their contracts is $3.91, 11 JAN

EXCERPTS FROM MARKZ

Member: Is this our week?

MZ: I’m hearing mixed signals on that. Some say it is our week and some say –not till after the 21st.

Member: if the rv happens around the 21st...it's STILL far sooner than the 35 YEARS that Mr C has been has suffered through. Cool your jets folks...it will happen!!

Member: Seems to me the Iraqi people would benefit most from an RV, what is the hold up!!!!

MZ: I believe the RV is “event driven. And they have to have enough events done before they pull the switch.

MZ: HCL is supposed to again be discussed Sunday in Parliament

MZ: I have talked to a couple Iraqi sources and they still believe this is it.

They have contractors that they are in contact with that are suddenly being called in.

I have one who will not tell me what the re-negotiated rate is on their contracts. One of them mentioned $3.91 but I do not know for certain if that is really it. Its from a contact I don’t know really well.

Member: $3.91 would be amazing…..fingers crossed.

🚨 Breaking News: U.S. Greenlights Iraq's International Status! 💵

Among them is the Iraqi Elina Habba.. Trump honors his supporters from the leaders of the Arab and Muslim community , 11 JAN

Among them is the Iraqi Elina Habba.. Trump honors his supporters from the leaders of the Arab and Muslim community

US President-elect Donald Trump is scheduled to meet with leaders of the Arab and Muslim community in the United States and honor them, including the Iraqi Elina Habba, the lawyer who was known for being one of Trump's defenders and one of his most prominent supporters in the elections.

Leaders of the Arab and Muslim American community revealed that a meeting will be held between President-elect Donald Trump and his Vice President, Geddy Vance, with community leaders in Washington, DC, two days before the inauguration of the president-elect for a new term on January 20.

The leaders explained to the "Erem News" website that "this meeting is an embodiment of the commitment that Trump made to the community during his election campaign in Michigan last fall."

They pointed out that "the meeting will be a celebration of Trump's success in winning the elections, in addition to renewing the emphasis on the special relationship that has linked Arab and Muslim American voters to the Republican Party in recent years."

The leaders revealed that the list of invitees to this meeting will include, in addition to officials of Arab and Muslim origins who were appointed to the new Trump administration, community leaders who were in the front lines of supporting Trump’s campaign in an attempt to win the votes of the Arab and Muslim community in Michigan and the rest of the US states.

After announcing his victory in the elections, President Trump took the initiative to appoint Americans of Arab and Muslim origins to senior positions in his new administration.

Leaders explained to "Erem News" that there are other appointments on the way for more Arab Americans in the Trump administration in the days and weeks that will follow the president's swearing-in.

Among the names to be honored at the meeting are Trump's senior Middle East adviser, Massad Boulos, ambassador-designate to Turkey Tom Barrack, Iraqi-born lawyer Elina Habba, adviser to the president, and the appointed "Doctor of the Nation" of Jordanian origin, Janet Nesheiwat, in addition to Muslim physician Mehmet Oz and Egyptian-born physician Martha McCary, who was appointed director of the Food and Drug Administration. LINK

CBI SIGNIFICANT REFORMS, 11 JAN

CBI SIGNIFICANT REFORMS

The Central Bank of Iraq has implemented significant reforms in its foreign transfer mechanisms to modernize and align with international banking standards:

1️⃣ Closure of the Electronic Platform:

• The platform, used to ensure transparency and prevent money laundering, was retired on December 31, 2024.

• This change reflects a transition to more efficient direct relationships between Iraqi banks and international correspondent banks.

2️⃣ Improved Mechanisms:

• Iraqi banks can now conduct foreign transfers using non-American correspondent banks in countries like China, Turkey, the UAE, and Europe, reducing dependency on U.S. banks.

• This approach enhances operational fluidity and expands the number of Iraqi banks participating in foreign transactions.

3️⃣ Exchange Rate Stability:

• The parallel exchange rate does not reflect market conditions but is controlled by the Central Bank.

• Official dollar sales support legitimate purposes, such as imports and personal transfers, ensuring price stability with inflation at 3.1%, below regional averages.

4️⃣ Economic Implications:

• These reforms aim to strengthen Iraq's financial infrastructure, improve global integration, and curb black-market speculation.

• The Central Bank ensures compliance with international laws and secures foreign currency for national and citizen needs.

The reforms implemented by the Central Bank of Iraq represent a significant step forward in modernizing the country's financial system and aligning it with international standards. By streamlining foreign transfer mechanisms, reducing dependency on specific banking systems, and ensuring exchange rate stability, Iraq is building a more resilient and transparent financial infrastructure. These measures not only foster trust in the Iraqi dinar but also create a strong foundation for sustained economic growth, enhanced global integration, and improved financial opportunities for both businesses and citizens. The Central Bank’s proactive approach demonstrates a commitment to economic stability and progress, paving the way for a more prosperous future.