WOLVERINE
Per BROTHER TECHNOLOGY
His family’s friend texted the bank manager the “RLUSD going live today” news
She replied to him with
“ this was the holdup… now we are ready to go… everything is finalized and ready”
Friday, April 4, 2025
Iraq takes a calm stance towards increasing US tariffs, 4 APRIL
Iraq takes a calm stance towards increasing US tariffs
In the face of the tight trade policies adopted by the administration of US President Donald Trump, Iraq took a calm stance, and reduced the direct economic impact of the decision to raise tariffs by 39% on its exports to the United States.
The economic adviser to Prime Minister Mazhar Mohamed Saleh said in a press statement that: “American tariffs, if they really impose on our country’s trade with it, do not constitute any impediment on the trade and economic stability of Iraq.”
He explained that “Iraqi exports to the US market do not exceed 5 billion dollars annually, mostly from crude oil, while the US market is secondary compared to major markets such as China and India, which import about 70% of Iraqi oil production.”
Saleh pointed out that “this restorative trend from Baghdad reflects a realistic reading of the balances of foreign trade, as Iraq relies in its imports by 90% on partners such as Turkey, China, India, the UAE, and European Union countries. On the other hand, the United States does not represent a key partner, whether in terms of import or export.”
Despite the confident tone, Saleh expressed some concern about the general course of US trade policy, saying, “We hope that Iraq will be free from these protectionist shifts, especially as it is linked to Washington with the Strategic Framework Agreement signed in 2008, which regulates bilateral relations in the fields of security, commercial and economic cooperation.”
https://alforatnews.iq/news/العراق-يتخذ-موقفاً-هادئاً-تجاه-زيادة-الرسوم-الجمركية-الأميركية
AJ : What Iraq currency looks like. 4 APRIL
AJ
GM, 
I’m heading out to ski today...
I’m heading out to ski today...super excited!
Before I go, I put together a table of the Iraqi Dinar (IQD) to show what Iraq currency looks like.
I know it might seem counterintuitive, but take a look at the chart I shared earlier in the feed (the one with the big green upward bar in 2020 when the oil market crashed).
During the COVID crisis, Iraq made a massive devaluation of their currency, with the IQD jumping from 1,186 to 1,450 per USD.
Now, it’s settled lower, closer to the dollar at 1,310, as you can see in the table below.
Be sure to check out the historical prices in the chart of the Iraqi Dinar (IQD) as well...
it’s the one just below this post in the feed!
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Al-Mandalawi discusses with the Chargé d’affaires of the US Embassy political and economic cooperation, 4 APRIL
First Deputy Speaker of the House of Representatives Mohsen Al-Mandalawi received, on Thursday, the Chargé d’affaires of the United States Embassy in Iraq, Daniel Rubinstein.
A statement from his office, a copy of which was received by {Euphrates News}, said: “At the beginning of the meeting, Robinstein congratulated Al-Mandalawi on the occasion of the blessed Eid al-Fitr, expressing his wishes for more security and stability for Iraq and the region.”
He added that “the two sides discussed bilateral relations between Iraq and the United States, where the importance of developing cooperation in political and economic files and promoting joint investments to achieve the mutual interests of the two countries, as well as discussing the security situation in Iraq and its reflection on the economic, investment and political sectors, while stressing the importance of political stability as the most important pillar for the success of the democratic experiment.”
Al-Mandalawi stressed “the importance of continuing joint coordination on issues of common interest, while stressing the pivotal role of Iraq in the stability of the region, and the need to stop violations on the countries of the region and that major countries exercise their role in this regard.”
The statement continued, “The meeting also witnessed an exchange of views on regional developments, in addition to discussing the frameworks of continuous cooperation between the two countries in the field of combating terrorism and strengthening regional security.”
FIREFLY: WHEN THE COM IS FINISHED, ALAQ WILL GIVE US THE RATE, 4 APRIL
Frank26
[Iraq boots-on-the-ground report]
FIREFLY: Sammy says after the COM is finished with the [budget] tables then it will go to parliament but by then it's too late for payment to [mess] around with it...
He says when the COM is finished, we could very well see Alaq give us the rate before it even goes to parliament.
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