TEHRAN TO WASHINGTON: IF THE TRIGGER MECHANISM IS ACTIVATED, THE RESPONSE WILL BE HARSH.
Iran has issued an explicit warning regarding the activation of the nuclear agreement’s “snapback mechanism,” stressing that any such move will be met with a firm response.
This came in remarks made by Iranian Foreign Minister Abbas Araqchi during a meeting with the Iranian Parliament’s National Security and Foreign Policy Committee.
Araghchi pointed out that uranium enrichment inside Iran is an irreversible “red line,” emphasizing that Tehran will not negotiate under threat or pressure, and that Iranian diplomacy operates based on an independent vision that is not subject to political blackmail or temptations. He expressed his country’s willingness to cooperate in establishing a regional enrichment center,
but stressed that enrichment within Iranian territory is “non-negotiable.”
Araghchi also held Israel partly responsible for the escalation, warning that any war that might break out in the region would not only harm one party, but would have repercussions that would extend to all countries in the region. For their part, several members of the parliamentary committee expressed their categorical rejection of any negotiations with the United States, noting that it continues to impose sanctions even while the talks are ongoing, which they described as a “dishonest approach.”
😊In the Articles Section I also am showing you once again an article from 2024. It is titled “AL-ALAQ: WE ARE CONSTANTLY REVIEWING THE DELETION OF ZEROS FROM THE DINAR, AND THERE ARE NO RESTRICTIONS ON OUR BALANCES IN AMERICA”.
Now why would the CBI tell us this if they were not still planning the project and thus are telling us they could do it anytime such as using the words “constantly reviewing”.
Again I keep asking my self just how far must the reforms go in order to move ahead with this project?
Remember that back in 2012, when under Dr Shabibi they did not have all these reforms in place, yet he was given the green light to go ahead.
Now Iraq is in a much, much better banking and financial position than in 2012. So, using our common sense we can see how close we are to this event.
I encourage everyone to take the time go re-read this article from 2024. To know where we are going we must remember what they say in the past. The full article is in the Articles Section.
In the article it talks about Iraq’s repayment of all its debts to the International Monetary Fund, accumulated over the years.
WOW! WOW! WOW! Why do I say this? This repayment will a positive impact in the long term by enhancing credit and improving financial sustainability, in addition to its repercussions on the country’s economic situation. I guess the IMF economic hitman is not having his way with Iraq…lol..lol.
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By repayment of these loans it will improve Iraq’s economic confidence and credit rating and obtain financing on better terms in the future. It will also achieve greater independence for Iraqi economic sovereignty, making the country less vulnerable to external pressures and interference in its economic policies.
In an article titled “THREE REASONS BEHIND IT… AL-SUDANI’S ADVISOR TO RUDAW: ABOUT 90% OF IRAQ’S MONETARY MASS IS HOARDED OUTSIDE BANKS.“.
You can go read the article for your self but I will add my commentary, which is not that far off from the TRUTH. Iraq even witnessed special banking centers set up specifically to collect these hoards of cash. it was NOT successful. Good try but no cigar…lol..lol..lol..
So why is there still so much of the monetary mass outside the banking system?
It is really just a matter of trusting the banks. I think not. What I firmly believe is that the average Iraqi citizen is not stupid. That because they lost so much value in their dinar, when they introduced the large three zero notes in 2003.
Many millionaires became poor overnight. They lost a fortune. They are holding back and are now waiting for a new rate to regain or even perhaps increase their wealth they had before the 2003 war and embargo years of (1990-2003).
I am convinced that the only way they are going to retrieve all this hoarded money is to bring out the second revalued rate to the CBI and then make the dinar equal to the dollar if not just over it.
This will bring in a good percentage of the cash but some will still hold out for the later reinstatement. So, if I believe this, don’t you also think that Ali Al-Alaq also knows this? is there something else he is going to try?
Mazhar Mohammed Saleh, economic advisor to Iraqi Prime Minister Mohammed Shia al-Sudani, believes that approximately 90% of Iraq’s monetary mass is outside the banking sector and hoarded in homes.
On Wednesday, Oman’s Foreign Minister Badr Albusaidi announced that the fifth round of indirect talks between the United States and Iran will be held in Rome on May 23.
Albusaidi confirmed the date in a post on X, marking the first official detail after weeks of quiet engagement in Muscat and Rome.
His statement followed remarks by Iranian Deputy Foreign Minister Abbas Araghchi, who said Tehran had yet to finalize plans for the upcoming meeting.
Despite continued indirect contact, both sides have shown little indication of tangible progress. Earlier, Iran’s Supreme Leader Ali Khamenei dismissed the possibility of a breakthrough with Washington on either the nuclear or missile tracks.
Analysts view Khamenei’s stance as a sign of entrenched resistance within Iran’s leadership, while Western diplomats caution that without flexibility, the window for renewed engagement may soon close.
Just in: UPDATE from the Friday negotiations talks.
I first want to hope that everyone in the USA had a nice memorial holiday. There are sacred and loving elements when we pray over those we loved that are now gone from this earth. This holiday is set aside for much more than just BBQs, picnics and the beginning of the summer season drunkenness on the beach.
In Germany where I now live, it is called Volkstrauertag and is a commemoration day in Germany two Sundays before the first day of Advent. It commemorates members of the armed forces of all nations and civilians who died in armed conflicts, to include victims of violent oppression. This national day of mourning is not a public holiday, it is categorized as a silent day (stiller Tag) in most of Germany, especially in the Bavaria region.
Let’s get on with today’s news. ….
The news is just pouring out of Iraq. There is so much news it will be a challenge for me to cover all of it and give it the justice it deserves. You know I do try to make the Newsletter short and concise.
I know this may be hard to believe. But how can anyone really give this revaluation and reset events justice unless you inform the readers the FACTS. In doing this there is news that must be heard for you to understand just where Iraq is at this time.
With respect to the “reset” I will use the analogy of a house burning. Why would you order brand new furniture to put into a burning house. Yes, the furniture is nice, but it won’t last long and so what good is it going to do.
Do you see the point I am trying to make as to why Iraq and other countries must first prepare for this event by leveling out the playing field for these currencies. There has been too much manipulation and corruption already and we see what it is doing to the global economy.
The leveling of trade deals and tariffs, then solving the immigration issue that we see from the U.S. and other countries is only part of the process and we must pay more attention to it. It holds the key. We also just witnessed summit after summit in Iraq. What does this all say to us? What is the meaning of all this work?
Why would you want to restart/reset the financial system with all this money if the system is broken? Who will benefit?
So, let me begin by saying we are inching closer and closer to the initiation of the Project to Delete the Zeros. Remember that I explained there is a step-by-step process to get to the reinstatement.
The parallel market had to be broken first and now we await the Central Bank of Iraq (CBI) to make the second round of revaluing the dinar.
Will they have to hold this new rate for 90 days and thus we will probably not see the reinstatement until January 2026 (the best time the CBI told us to do any significant rate change) or will the IMF bypass all these guidelines and move ahead.
They have given indications we will not have to wait until 2026.
What will the new rate of the dinar most likey be like when it does come out?
To answer this question just listen to what the CBI has been telling us. They are trying to bring back the Iraqi dinar to a rate of something like in the 1980’s. So what was the rate back then?
😊I strongly believe that the CBI has broken the proverbial back of the camel, yes, the back of the parallel market. I can say this because it is evidenced in an article titled “THE DOLLAR’S DECLINE IS IN THE INTEREST OF CITIZENS AND STRENGTHENS THE PURCHASING POWER OF THE DINAR.”
In the section of the article called “STABILIZATION OF THE SITUATION” Hamid Abu Firas, owner of a money exchange company, explained to Al-Masry that “this fluctuation in the exchange rate cannot be called a fall in the dollar price, but rather an increase in the value of the Iraqi dinar against other currencies. Folks this statement by Firas is a “WOW!” statement. We are hearing this from a money exchanger. These are the people who want the dollar to rise not decline and so this is a very important truth he had to now admit.
The Weaker Position"... Expert: Iraq Faces Economic And Energy Challenges Until 2028
Time: 2025/05/25 Read: 1,650 times {Economic: Al Furat News} Oil expert Furat al-Moussawi warned that Iraq's economic and energy challenges will continue until 2028, attributing this to the country's near-total reliance on a rentier economy and the lack of radical strategic solutions to date.
During his appearance on the program "Free Talk" on Al Furat TV, Al-Moussawi said, "Iraq still suffers from a single-source rentier economy that is out of step with global market developments, and this has caused significant harm to the national economy."
He pointed out that "all current projects rely on oil revenues without any real diversification in the productive sectors."
He added, "The country is currently exporting approximately 3.4 million barrels per day, 200,000 barrels more than the limit permitted under the OPEC agreement.
This has alarmed the organization and prompted some countries, led by Saudi Arabia, to seek to reclaim their market share."
Al-Moussawi pointed out that "the price of a barrel of oil approved in the three-year budget is $70, which poses a major challenge in light of market fluctuations, while the budget will not regain balance unless the price of a barrel reaches at least $55."
He emphasized that "Iraq does not yet have a sovereign wealth fund, which increases the fragility of its financial situation."
In the energy sector, Al-Moussawi explained that "gas investment is still contingent on increasing oil production, which limits development potential."
He added that "the Karbala refinery has not yet been completed, as has an investment project in Al-Faw, at a time when the country does not have enough refineries to qualify it for regional competition."
He continued, "The only clear project currently is the agreement with Total, Qatar Energy, and Basra Oil, which includes four strategic projects, including exploiting seawater for oil fields, producing the first 100 megawatts of solar energy, and investing in four gas fields."
He pointed out that "the government realizes that the current strategy is ineffective, as evidenced by the lack of effective investments and radical solutions to the energy crisis," warning of "the difficulty of achieving gas self-sufficiency before 2028."
Al-Moussawi emphasized that "geopolitical turmoil, including the Russia-Ukraine war and sanctions on Iran and other countries, has contributed to oil price volatility, prompting OPEC to emphasize its study of market developments before making any decision to increase production."
The oil expert concluded by saying, "Iraq remains in the weakest position among oil-producing countries due to its complete dependence on oil revenues, lacking any real tools to ensure long-term economic stability."
