MARKZ: Rates would fluctuate between $4.05 to $5 on the dinar!! @DINARREVALUATION #iraqidinar

 

Turkiye to finalize Iraq deal on Development Road Project, 12 APRIL

 Turkiye to finalize Iraq deal on Development Road Project

Shafaq News/ Turkiye plans to finalize an agreement with Iraq “very soon” on the Development Road project, Turkish Transport and Infrastructure Minister Abdulkadir Uraloglu said on Friday.

“Turkiye is a natural bridge on the East-West corridor connecting Asia and Europe,” Uraloglu told Hurriyet Daily News. “It is a key player in the North-South corridors stretching from the Caucasus to Africa,” he added, emphasizing Ankara’s growing influence in transcontinental logistics.

He highlighted Turkiye’s strategic geographic and economic location, describing it as central to both the Middle Corridor initiative and the Development Road project. “Turkiye serves as the cornerstone for the secure operation of intercontinental transport routes,” Uraloglu said. “With additional links to these main arteries, the country’s transport capacity will increase several times over.”

In turn, Turkish Trade Minister Omer Bolat addressed broader shifts in the global economic landscape. “The global economy has experienced deep transformations and significant shocks in recent years, leading to divergence and slower growth,” he said.

Bolat warned of rising challenges in the international trade environment, pointing to “unequal competitive conditions, trade tensions between major economic blocs, supply chain disruptions, logistical barriers, and geopolitical conflicts.”

The Development Road project, which envisions a vast network of railways and highways connecting the Iraqi port of Al-Faw to Turkish territory, is poised to become a key trade corridor linking the Gulf to Europe and Asia, offering an alternative to existing routes and reinforcing Turkiye’s role as a regional logistics hub.

WALKINGSTICK: I would say Aki's bank is for the exchange of the three zero notes, 12 APRIL

 Walkingstick 

 Inside of Iraq, those banks are run under the CBI banking laws.  This bank that [Iraqi bank friend in Michigan] Aki is at has a purpose.  But it has no lower denomination notes. 

 Why? 

 Because they follow American banking laws.  When a Middle Easterner or anybody takes a dinar into Aki's bank, they will be converted physically or electronically into American dollars.  This bank servers a purpose. 

 Why would these banks, like Aki's, be there if there was no rate change coming? 

 It's all about the money.  Aki is a businessman.  Here's there to make money with his boss.   They're going to do very well especially that there are 100's of these centers around the world...

I would say Aki's bank is for the exchange of the three zero notes or Aki's bank would not even exist because there would be no reason for them to exist.

REPORT FROM MR SALVAGE The pentecostal group leader Betzabe report they are liquid !#iqd

 

An official invitation from Iraq for Guterres to attend the Arab summit in Baghdad, 12 APRIL

An official invitation from Iraq for Guterres to attend the Arab summit in Baghdad

Iraq’s representative to the United Nations in New York, Abbas Kazem Obaid, confirmed on Wednesday that United Nations Secretary-General Antonio Guterres accepted Iraq’s official invitation to participate in the Arab summit in Baghdad.

The Ministry of Foreign Affairs said in a statement received by {Euphrates News} that “the representative of the Republic of Iraq to the United Nations in New York, Abbas Kazem Obaid, met with the Secretary-General of the United Nations, Antonio Guterres, at the headquarters of the organization. During the meeting, the representative of Iraq presented the official letter addressed by the President of the Republic, Abdul Latif Jamal Rashid, to the Secretary-General, which includes his invitation to attend and participate in the work of the next Arab summit to be held in the capital Baghdad on May 17, 2025.”

According to the statement, Obaid conveyed “Greetings to the President of the Republic, His Excellency Prime Minister Mohammed Shia Al-Sudani, and Deputy Prime Minister and Foreign Minister Fouad Hussein to the Secretary-General,” stressing their keenness to “attend him, because of the value his participation adds to the summit discussions.”

The statement added that “during the meeting, the most prominent issues on the agenda of the United Nations were also discussed in light of regional and international geopolitical variables, in addition to the priorities and concerns of the Group of 77 and China, currently chaired by Iraq, especially in the fields of financing for development, climate change and sustainable development.”

The representative of Iraq, according to the statement, stressed “the Group’s keenness to strengthen the partnership with the United Nations and its specialized agencies, to achieve common goals in accordance with the principle of collective responsibility.”

He added that “the meeting discussed the prospects for cooperation between Iraq and the United Nations in the post-termination of the United Nations Assistance Mission for Iraq (UNAMI), appreciating the efforts made by the mission during the past two decades,” pointing to “the measures and facilities provided by the concerned Iraqi government institutions to end the mission’s tasks responsibly by the end of this year.”

For his part, the Secretary-General of the United Nations expressed “his appreciation for inviting him to attend the Arab Summit in Baghdad, stressing his participation in its work,” pointing out that “the termination of the tasks of the UNAMI mission is an indicator of the great progress and successes achieved by Iraq in various fields.”

VIETNAM IS IN A HURRY NOW!!!, 12 APRIL

VIETNAM IS IN A HURRY NOW Deputy PM proposes a quick and SOON agreement with the US "The Deputy PM proposed that, although the United States has decided to postpone tariffs for 90 days, but the two countries need to SOON negotiate a bilateral trade agreement to create a long-term framework to promote stable, mutually beneficial economic and trade relations, in accordance with the framework of the comprehensive strategic partnership between the two countries." Check out their official GOVERNMENT statement in full: 

https://baochinhphu.vn/viet-nam-hoa-ky-thong-nhat-khoi-dong-dam-phan-thoa-thuan-thuong-mai-doi-ung-102250410051631818.htm

EXCERPTS FORM MARKZ: I am still guessing THE DONG WILL BE at the $2-$2.25 range @DINARREVALUATION