MARKZ: 4 CONFIRMATIONS: they are telling me now to prepare for new rates!! ‪@DINARREVALUATION‬

 

US Congress Delegation visits Iraqi PM, 16 APRIL

 US Congress Delegation visits Iraqi PM

Iraqi Prime Minister Mohammed S. Al-Sudani welcomed a delegation from the U.S. Congress on Sunday to discuss strengthening bilateral relations and advancing cooperation across various sectors. The meeting included U.S. Representatives Michael Baumgartner (R), Adam Smith (D), George Whitesides (D), Wesley Bell (D), and Sara Jacobs (D).

Prime Minister Al-Sudani reiterated Iraq's commitment to its strategic relationship with the United States, emphasizing mutual benefits for both nations. He also highlighted Iraq's support for regional de-escalation efforts, aiming for stability through dialogue.

The U.S. delegation praised Iraq's progress in development and reconstruction, acknowledging the Iraqi government's efforts in various sectors. Both sides reaffirmed their commitment to further collaboration, with upcoming milestones including Iraq's legislative elections.

(Source: PMO)

TIDBIT FROM MNT GOAT, 16 APRIL

  Mnt Goat 

 ...there are still a number of troublesome issues with the left-over Iranian militias. This is still at the root of the problem in Iraq... I am not throwing away all this progress we have seen over these last two years ...things are moving quickly now..

 ...remember that the “Development Road Project” is still underway and the  initial funding for the first “Economic City” was provided...

This is what is going to bring the economic boom. Iraq has also opened up to the strong possibility that their future revenues cannot rely solely on oil. 
 

GOLDILOCKS: Banks Preparing For New Currency Exchanges - ALL Test Comple...

Iraq: over $2B in annual returns from foreign reserves investments, 16 APRIL

 Iraq: over $2B in annual returns from foreign reserves investments

Shafaq News/ Iraq is reaping at least $2 billion annually from investments of its foreign currency reserves, a top financial adviser to the prime minister said on Tuesday.

“These investments are often short-term and directed toward US, European, or British treasury bonds to generate suitable returns,” said Mudher Mohammed Saleh in an interview with Shafaq News, noting that the investment portfolio prioritizes safety and liquidity, allowing assets to be swiftly converted into cash without incurring losses.

“The returns are appropriate and the risk level is low.”

Saleh explained to that the earnings from the reserves are categorized into two types: realized income, such as direct interest, and unrealized gains derived from portfolio diversification and potential profits from currency and gold exchange rate fluctuations.

Iraq’s central bank recently reported that its foreign reserves declined by 10.18% in 2024 to 130.81 trillion dinars ($87.6B) from 145.64 trillion dinars ($97.6B) in the same period of 2023.

TIDBIT FROM CLARE, 16 APRIL

  Clare 

 Article:  “Plunging Oil Prices Jeopardize Iraq’s Budget: Will the Government Resort to Dollar Revaluation?"

 Quote: "Iraq is bracing for renewed economic turbulence as oil prices fall below the critical $65 per barrel mark—five dollars short of the benchmark adopted in the country’s federal budget.

 The slide in global crude markets threatens to erode the very foundation of Iraq’s oil-dependent economy , prompting speculation over potential fiscal and monetary policy shifts..

 Quote continued:  "...The central bank’s hard currency reserves, considered a last line of defense, are unlikely to be tapped under current circumstances. Still, one policy instrument remains within reach—and contentious: the exchange rate.  Economic expert Ahmed al-Ansari noted that while Iraq’s reserve fund is generally safeguarded for emergencies, adjusting the value of the Iraqi dinar relative to the U.S. dollar remains a plausible option. “We’re unlikely to see the reserves touched, but a revaluation of the dinar, coupled with domestic borrowing, could help bridge a potential deficit,” al-Ansari explained."

MR. POOL IQD: $10.21, VND: $6.42, ZIM: special handling ‪@DINARREVALUATION‬ #iraqidinarinvestor