MarkZ
[via PDK] Reference Mnt Goat post
This is a very solid statement. Mountain Goat nailed it. This is also exactly what happened when Kuwait Revalued.
Iraq has already named the basket of currencies to back the dinar. And the gold backed I-dinar will back it along with the basket of currencies.
Article: “The return of exports and the absence of revenues-The oil file with Kurdistan opens a new page” All of this is happening right now and is part of the HCL.
DESPITE IRANIAN DENIAL, A DELEGATION FROM WASHINGTON WILL ARRIVE IN BAGHDAD “SOON” TO BEGIN NEGOTIATIONS WITH TEHRAN – URGENT
Former House of Representatives Rapporteur, Muhammad Othman Al-Khalidi, revealed today, Friday (February 21, 2025), the imminent arrival of a high-ranking American delegation to begin the first steps of indirect negotiations with Iran.
Al-Khalidi said in an interview with Baghdad Today, “It seems that the White House has decided to proceed with important negotiations with Iran through the Iraqi capital, Baghdad, even if indirectly,” noting that “the delegation that is expected to attend soon came after several messages were submitted through Iraqi mediators to Tehran in order to determine the features of the upcoming negotiations and the axes that will be discussed.”
Al-Khalidi added, “The negotiations between Washington and Tehran are important for the Middle East region, in order to reduce tension and seek a way out of what is happening.”
He pointed out that “what matters to us as Iraqis in these negotiations is that Baghdad not be an arena for conflicts and tensions, and that we be a party that enhances security and stability, and that we do not side with any axis,” stressing that “Baghdad is trying, through its relations with Washington and Tehran, to push all parties to negotiations that contribute to preventing the spread of crises and tensions in this vital region.”
Al-Khalidi explained that “Washington and Tehran have come to realize that tension does not serve their interests, and therefore they are seeking points of understanding that can be built upon in negotiations that may contribute to resolving complex issues such as the nuclear file and other problems, including economic sanctions.”
He continued: “Iraq will follow these negotiations in the hope that they will result in understandings between America and Iran that will have a positive impact on the region.”
Iranian government spokeswoman Fatemeh Mohajerani confirmed that negotiations with America under the current circumstances are meaningless.
According to Iranian media, she said, “In the situation where America is practicing a policy of maximum pressure, negotiations are meaningless, but we are a people ready to negotiate,” indicating, “The door to negotiations has always been open on Iran’s part, and whoever closes the door to negotiations is someone else.”
She continued: “They are the ones who did not abide by what they signed and left the negotiating table, while we are good negotiators and always welcome the opportunity to talk to the world and bring peace. ”
However, Iran’s Supreme Leader, Ali Khamenei, said that experience has shown that negotiating with the United States is “neither smart, nor honorable, nor wise,” and that negotiations with the United States will not solve Iran’s problems, according to Iranian media.
Khamenei’s statements came during his reception of a crowd of commanders of the Iranian Air Force, and in response to US President Donald Trump’s announcement that he had signed a memorandum preventing Iran from possessing nuclear weapons.
He stressed: “Negotiating with America has no effect on solving the country’s problems, and we must realize this fact correctly. They must not delude us that sitting at the negotiating table with that government will lead to solving this or that problem. No, no problem will be solved through negotiating with America, and past experience has proven this,” according to the Iranian agency.
Frank26
There are so many things that are at a standstill right now waiting for the new exchange rate.
That is such an obvious indication that there is a new exchange rate. Every time we see a pause, a delay, it's because it's looking for the new exchange rate. Right now the evidence is showing that Sudani is really tightening up the security on the new exchange rate.
THE GOVERNOR OF THE CENTRAL BANK, ALI AL-ALAQ, CONFIRMED THAT JOINT-STOCK COMPANIES CONSTITUTE ONLY 2% OF THE VALUE OF THE GROSS DOMESTIC PRODUCT IN IRAQ
The Governor of the Central Bank, Ali Al-Alaq, confirmed that joint-stock companies constitute only 2% of the value of the gross domestic product in Iraq, while revealing the reason for the weak size of citizens’ deposits in banks.
Al-Alaq said during the opening and introduction of the International Center for Finance and Trade in Sulaymaniyah Governorate, which was followed by (Al-Rabia), that “financial centers are economic levers and need modern financial infrastructure and technologies,” noting “the importance of financial centers in stimulating the economy and attracting investments, which requires developing the financial infrastructure to keep pace with global changes.”
He pointed out that “these centers focus on the most important engines of the economy,” stressing that “countries that have such centers have been able to achieve great achievements, as financial centers play a major role in stimulating and organizing the economy, as proven by reality, experience, numbers and data.”
He stressed that “the financial aspect in Iraq needs more vitality and innovation to harness resources towards growth and construction,” noting that “there is a huge amount of money inside the country, but it is not invested in the best way, as it is isolated from economic activity or hoarded without real benefit.”
He stressed that “this is a fundamental issue that requires thought, initiatives and innovations to invest this money to serve growth and employment,” noting that “the best way to attract and mobilize this money is to establish joint-stock companies that attract scattered capital, no matter how small its amounts are.” He pointed out that “Iraq suffers from a significant shortage” in joint-stock companies, as their contribution to the GDP is only 2% of the GDP, which is the lowest percentage in the region compared to the Middle East and North Africa countries, where the percentage reaches 55%, while in developed countries it ranges between 80% and 90%, which requires new ideas and centers capable of moving this field.”
The governor stressed that “Iraq has huge investment opportunities that can be exploited through partnerships between various capabilities, especially the available financial capabilities, but they do not find a clear scope for investment, which calls for a major role for financial centers in moving and establishing joint-stock companies in profitable strategic sectors.”
He also pointed to the weak volume of citizens’ deposits in banks, explaining that “the reason is not only due to lack of trust, but also to the availability of other investment opportunities that achieve greater returns than bank interest, as anyone can now invest their money through digital platforms and contribute to global projects without having to rely on traditional bank returns.”
The governor of the Central Bank provided an example of developments in digital investment, noting that “some The platforms allow a group of people to participate in purchasing real estate in global cities such as London, where investment is based on the highest potential returns globally.
He noted that “the world is witnessing a financial revolution supported by technology and artificial intelligence, which will lead to major transformations in the nature of economic activity,” noting that “the 10 largest companies in the world currently belong to the technology and communications sector, outperforming oil and traditional industry companies, as their market value ranges between 2-3 trillion dollars,” stressing that “banks in the near future will transform into fully smart electronic platforms, which will radically change the way financial and investment transactions are conducted.”
He stressed the “necessity of transforming financial centers into strong economic levers, so that they play a fundamental role in attracting investments, regulating financial flows, and benefiting from modern technologies,” indicating that “this center has a major task ahead of it to move in these directions.” The Central Bank reveals the reason for the weakness of citizens’ deposits in banks: The money is huge.
Militia Man
We know Iraq's value is not based off oil alone. Aside from the obvious natural resources, non-oil revenue streams...she has massive diversity with income streams.
All of which are underlying issues to get a proper valuation based on real assets and not based off sanctioned exchange rate that is not an international one. It has been in sub-penny range for over 20 years now. It's Iraq's time to shine...Iraq's ready for full integration into the international arena.
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