DINAR REVALUATION

Saturday, April 26, 2025

The Iraqi dinar is now fully backed by the country’s foreign currency re...

Iraqi Deputy PM and FM Fuad Hussein in Washington Today

Iraqi Deputy PM and FM Fuad Hussein in Washington Today

4/25/2025

WASHINGTON DC, United States

Iraq’s Foreign Minister and Deputy Prime Minister Fuad Hussein is in Washington, and he will meet later today with U.S. Secretary of State Marco Rubio.

Hussein became Iraqi Foreign Minister in 2020, after two years as Finance Minister. A Kurd, Hussein was the long-time Chief of Staff to Masoud Barzani, President of the Kurdistan Region, until his retirement from that position in 2017.

Hussein was most recently in Washington in March 2024, in the last year of the Biden administration, to prepare for the first visit to Washington of Iraq’s then newly-elected prime minister, Mohammed Shi’a al-Sudani.

The purpose of Hussein’s current visit is less clear, but it comes as the Trump administration has held a series of high-level meetings and discussions with its Middle Eastern allies.

Indeed, one of those first exchanges was a phone call between Rubio and Sudani in late February. Their discussion appeared to have been quite friendly, while they agreed on the need to resume Kurdish oil exports through the Iraq-Turkish pipeline, even as that has yet to happen.

Other meetings and phone calls between Washington and its allies in the Middle East followed.

They include an April 11 telephone conversation between Rubio and Masrour Barzani, Prime Minister of Iraq’s Kurdistan Region.

The next day, Sudani paid a rare visit to Erbil. In the meeting between the Kurdish and Iraqi prime ministers, almost certainly, Barzani’s exchange with Rubio was among the issues they discussed.

Issues on the Agenda between the U.S. and Iraq

Asked at a press briefing yesterday about Hussein’s visit to Washington, State Department Spokesperson Tammy Bruce confirmed that he “will be here at the State Department tomorrow for various meetings,” and “I will be in one of those meetings.”

But “as far as to the specifics of what will happen, I have nothing to preview for you at this time,” she added.

However, in a post to X, Hussein provided a bit more information.

“We will hold a series of bilateral meetings to strengthen Iraqi-American relations and coordinate efforts on regional and international issues,” Hussein wrote. “We will also discuss ways to enhance mutual security and cooperation in various fields.”

Presumably, that will include Syria and Iran, as well as the status of the campaign against ISIS. In addition, it will be quite interesting to see if there is any significant progress in resuming Kurdish oil exports. LINK

Walkingstick: Iraqi bank friend Aki update

Walkingstick

[Iraqi bank friend Aki update]

Aki cannot own any of the currency of Iraq. He cannot possess any of the lower notes in order to profit.

Aki and his boss care about the exchange rate to come out not the lower notes.

Aki cannot profiteer from turning in lower notes or 3 zero notes to the CBI...

He is interested in the new exchange rate for their investors inside of Iraq and outside where he is at with that bank in Michigan...

Aki is angry the lower notes are still waiting for the same thing that you and I are waiting for, the new exchange rate.

MARKZ: BANKS ACCEPTING IQD, VND, IDR : To me this is a great sign we are very close!! #iraq #iqd

Iraq to discuss Rehabilitation of Oil Pipeline through Syria

By John Lee.

The Iraqi National Intelligence Service has led an official delegation to Damascus under the direction of Prime Minister Mohammed S. Al-Sudani.

The delegation, headed by Mr. Hamid Al-Shatri, President of the Iraqi National Intelligence Service, is scheduled to meet with Syrian President Ahmed al-Sharaa' and other senior Syrian officials.

The delegation includes representatives from the Border Forces Command (Ministry of Interior), the Ministries of Oil and Trade, and the Border Crossings Authority.

Discussions in Damascus will cover:

Strengthening joint counterterrorism cooperation.
Securing the Iraq-Syria border against breaches and threats.
Expanding bilateral trade exchanges for mutual benefit.
Exploring the rehabilitation of the Iraqi oil pipeline running through Syria to the Mediterranean.

The meetings will also reaffirm Iraq's support for Syria's sovereignty and unity, highlighting the interdependence of Syrian stability and Iraqi national security.

The pipeline from Kirkuk to the Syrian port of Baniyas [Banias] has not been operational since 2003. An initial agreement was reached in 2010 to build two new pipelines, one for lighter crude, and one for heavier, with further details announced in 2011, but this was not implemented.

According to an article from Iraq Business News (IBN) expert blogger Ahmed Mousa Jiyad, the Syrian pipeline has several advantages, but also many risks.

(Source: PMO)

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For example,

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No one knows though!

You can still ask the question, “what is the expected rate?”

Sure it will give you an idea of how high of a return people expect but never trustfall on rates or dates.

Plan for the RV to take longer than expected.

Plan for the rate to be lower than expected.

You can still stay excited AF following the news while being reasonable with your expectations.

And I do think the rates will be awesome, even close to the rumored expectations. That’s just my opinion though, which shouldn’t mean you buy more or less currencies!

Trust your own discernment.

You have good reason to be bullish right now.

The fact that President Trump is talking about currency manipulation is what has made the GCR a near term reality.