Walkingstick
[Iraqi banking friend update]
AKI: The 1310 is dropping dramatically. The "water cooler talk" is this whole thing will come out as a whole number at the onset, like 1 to 1 because it will be on par in a basket.
Not right away but it will eventually be paired to the American dollar.
Iraq buys $30 billion in US Treasury bonds
The US Treasury Department announced that the total holdings of global bonds this year reached more than $9 trillion, while Iraq remains outside the top 20 countries with the largest holdings of these bonds for the second year.
The Treasury said in its latest 2025 table that "Iraq did not increase its holdings of US bonds, which remained at around $30 billion, so it did not enter the top twenty largest holders of US bonds."
It added that "global holdings of US bonds amounted to $9 trillion and 13 billion."
It indicated that "Japan is the largest holder of US bonds, with $1.134 trillion, followed by the United Kingdom, which owns $807 billion, followed by China with $757 billion,
the Cayman Islands came in fourth with $448 billion, and Belgium with $411 billion."
In the Arab world, "Saudi Arabia and the UAE were among the top twenty countries with the largest holdings of US bonds, with their holdings amounting to $134 billion and $113 billion, respectively."
Iraq owns approximately $32 billion in US bonds, which are considered one of the country's private reserves. link
JENTEL NOTES
RV NEWS-
Jen: What are we waiting on now for the RV/4B to begin? AA Michael: "The public announcement."
Jen: When will they do that?
AA Michael: "Wednesday-Thursday, depending on time zones." Jen: What could stop it at this point?
AA Michael: "IMF. Leaches who want to continue to stall the process."
Jen: Will they?
-I saw handcuffs on wrists. So, they may, & be arrested, or be arrested so they can't.
Jen: Has the problem with Iran & Israel been solved?
AA Michael: "Mostly. Netanyahu needs to sign & surrender to the world court."
Jen: Why?
AA Michael: "International crimes against humanity."
Meeting between the foreign ministers of Iraq and Iran to contain the escalation
Iraqi Deputy Prime Minister and Foreign Minister Fuad Hussein met on Sunday with his Iranian counterpart, Abbas Araqchi, to discuss developments in the regional escalation, on the sidelines of the 51st session of the Organization of Islamic Cooperation (OIC) Foreign Ministers.
The Iraqi Foreign Ministry said in a statement received by Shafaq News Agency that this meeting is the second between the two ministers since the beginning of the current crisis. The meeting addressed the latest security developments in the region, in light of the US military strike against key nuclear sites in Iran.
During the meeting, Iranian Minister Abbas Araqchi gave a detailed presentation on the impact of these attacks, indicating that his country is taking several steps to respond. He also indicated Iran's intention to approach the UN Security Council for an emergency session at the invitation of Russia.
For his part, Minister Fuad Hussein stressed the importance of activating the open-ended ministerial contact committee, an initiative proposed by Iraq within the framework of the Organization of Islamic Cooperation, with the aim of containing the crisis and opening channels for dialogue that would contribute to reaching peaceful solutions and avoiding further escalation in the region. link
Mnt Goat
...the U.S. Treasury has said it will give a “green light” to go ahead, however with stipulations. First if they must complete successfully the Iranian issues and trade must resume to normal between the two countries.
Then the dinar stabilize again. The Project to Delete the Zeros must be successful with maintaining low rate of inflation. This will be the gauge...rate.
So, we are getting very close but a lot rides on the Iranian issue.
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