AL-SUDANI SAYS THAT HIS GOVERNMENT WILL END THE DOLLAR CRISIS AFTER AN AGREEMENT WITH IRAN, 13 SEPT

 AL-SUDANI SAYS THAT HIS GOVERNMENT WILL END THE DOLLAR CRISIS AFTER AN AGREEMENT WITH IRAN

Monday, Prime Minister Muhammad Shiaa Al-Sudani announced new steps in the issue of the dollar exchange rate crisis, and said that these steps would “break down” the parallel market.

Al-Sudani spoke about the currency market file during a meeting with a number of media professionals held at the government palace, indicating that “the dollar issue requires reform of the banking and financial sector, and is linked to taxes, customs, and fees to protect products and economic policies.”

Al-Sudani said that this sector “has not witnessed any reform since 2003, and it was necessary to adhere to global compliance standards, which were supposed to be implemented in the previous government,” noting that “the decision to reduce the exchange rate to 1,320 dinars per dollar was a correction to the decision to raise “The previous exchange rate, which was not well thought out.”

Al-Sudani stated that the existence of “the parallel market is linked to a number of commercial operations, including trade with Iran,” and in this regard, he explained that merchants cannot send money legally in light of the American sanctions on Tehran, “which forces them to deal with the parallel market.”

The Prime Minister confirmed that “the Iranian side informed the government in the last meeting to stop dealing in the dollar, and to replace it with the euro, the yuan, the dirham, the Iraqi dinar, or the Iranian toman,” and revealed that there is “a mechanism that the Central Bank of Iraq and its Iranian counterpart are working on to prepare a plan to regulate this trade.”

Al-Sudani said that the new mechanism with Iran “will break the back of the parallel market,” while he explained that other problems associated with the parallel market relate to the trade in tobacco, gold, and medicines.

The Prime Minister indicated that “his government is working to solve the problems and organize the work of major traders in these sectors in preparation for including them in the procedures for purchasing the dollar from the Central Bank.”

"RV UPDATE" BY MNT GOAT & ANGEL 1, 13 SEPT

 Mnt Goat 

 Article:  "IRAQ IS ADVANCING GLOBALLY AND SETTLING IN THE ARAB WORLD WITH THE LARGEST ECONOMY IN THE WORLD IN 2023" 

 Quote:  "...Iraq ranked 49th in the world’s largest economies for the year 2023, after it was ranked 52nd last year, within a list of 190 countries, according to a report by the International Monetary Fund."

Angel1  

Very very soon we will have a brand new rate that they have been working on that you have been looking for and I have been looking for all these years.

  For Sudani to come out and talk about security and stability and the exchange rate is the ultimate setup to change their rate.

 Sudani was flexing today.  It was a gorgeous, gorgeous, gorgeous hour and twenty-four minute nationally televised meeting.  He talked about water, railroads, trade, energy, wheat, you name it...He talked about how this is no longer a 3rd world country...

A first world country is secure...stable...highly coveted.  He talked about the agreement with India, Iran, China...they have agreements with everybody.

Iraqi Dinar-Currency New Rate / Vietnam Dong Exchange Rate / Vietnam don...

AL-SUDANI: THE CENTRAL BANKS OF IRAN AND IRAQ ARE WORKING TO ESTABLISH A MECHANISM TO REGULATE TRADE, 13 SEPT

 AL-SUDANI: THE CENTRAL BANKS OF IRAN AND IRAQ ARE WORKING TO ESTABLISH A MECHANISM TO REGULATE TRADE

The Iraqi Prime Minister said in an interview on Monday that the central banks of Iran and Iraq are working to establish a mechanism to regulate trade and eliminate the parallel market.

Iraqi Prime Minister Muhammad Shiaa Al-Sudani said on Monday that business in Iraq has now become reliable and real. Speaking to reporters, he said: The central banks in Iran and Iraq are working to establish a mechanism to regulate trade and eliminate the parallel market.

The Prime Minister of Iraq referred to the water crisis in this country, and said: “Today we are facing a global water crisis, and Iraq and the region are facing it because of climate change.” He added: “This summer was the most difficult season in the history of the Iraqi government, and water resources decreased to this extent for the first time.”

Of course, the Iraqi Prime Minister said that the Iranian side had made a major discharge in the Karun River.

Al-Sudani referred to the recent movements of American forces in Iraq and Syria, and said that these movements were a process of replacing one brigade with another brigade from the forces present in Syria.

He added that any movement in the Iraqi bases that include American military advisors will be made with the approval of the Iraqi government.

The Iraqi Prime Minister stressed that the movement of any military force in this country will not take place without notifying the central government.

Al-Sudani also referred to the country’s fight against the terrorist organization ISIS, and said that we obtained important information about the whereabouts of ISIS leaders in Iraq and targeted these places.

He added that his country’s strategy is to target ISIS, and we will not wait for attacks by this group anywhere.

In this interview, the Iraqi Prime Minister confirmed that Iraq does not need foreign military forces and announced this clearly. Al-Sudani added that Iraq is part of the international efforts to combat the terrorist organization ISIS

The Parliamentary Economy And Trade Committee Monitors Financial And Administrative Corruption In The Ministry Of Commerce, 13 SEPT

 The Parliamentary Economy And Trade Committee Monitors Financial And Administrative Corruption In The Ministry Of Commerce

Economy News – Baghdad  The Parliamentary Economy, Industry and Trade Committee announced, on Tuesday, monitoring suspicions of financial and administrative corruption, cases of circumvention of laws and instructions, and clear confusion in the Ministry of Commerce, specifically the General Company for Central Markets.

The head of the subcommittee of the Ministry of Commerce, Representative Kazem Al-Shammari, said in a statement received by Al-Iqtisad News, “The General Company for Central Markets is experiencing a state of confusion, mismanagement, and lack of planning by announcing tenders to occupy central market complexes, and after companies submit their bids, the company resorts to replacing The method of contracting and the transition to investment and then moving to the method of participation.

These rapid transitions and change in the method of contracting confirm the existence of circumvention of the law and a complete disregard for the role of the regulatory authorities.”

He added, "These procedures have been taking place for quite some time, and the Minister of Commerce has not done anything despite being informed more than once, in official letters, of the existence of these serious violations that cause the waste of public money."

Al-Shammari stressed, “After the Parliamentary Economy, Industry and Trade Committee completes its audit procedures for the Ministry of Commerce, the appropriate decision will be taken in a manner consistent with the Constitution and stipulated in the bylaws.”

Views 44 09/12/2023   https://economy-news.net/content.php?id=36299

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 13 SEPT

Frank26 (KTFA)

[Iraq boots-on-the-ground report]

FIREFLY: TV news is saying Iran is plans to give Iraqi dinars to travelers not the US dollar anymore.  So Iran travelers will have Iraqi dinars not US dollars.

FRANK: Holy guacamole! Sudani you already got your country not to use the dollar…You got Iran not to use the dollar?  How’d you do that?  I told them not to use it…Security and stability at at diamond level…What was the reason we don’t have the monetary reform?  Because of Iran!  …this is amazing!

FIREFLY: The news is showing US ambassador saying Iraq is close to its goal – it has more stability and security in a very long time and praised us about a new trade export at the Baghdad International Airport.

FRANK: You’ve got the US ambassador telling the whole world telling Iraq’s security and stability is thumbs up!

JUDY NOTE, 13 SEPT

 Global Currency Reset:

• Tues. 12 Sept. Bruce: As of afternoon today Redemption Staff were in place andfully ready to take incoming calls for redemption appointments. Military personnel and Bond Holders have exchanged but do not yet have access to their funds. On Tues. 12 Sept.the US Treasury gave word to Redemption Centers that everything was signed off and everything was ready to go.
• Tues. 12 Sept. MarkZ: Iraq sources say they are expecting news on  Wed. 13 Sept. on rate and timing. Things are getting super exciting. We do know that some of the last representatives needed are expected to be in place on Tues. 12 Sept. and Wed. 13 Sept. It is close. My banking contacts believe it will be in the next day or two. My Iraqi sources say between now and the 20th. We do not know the timing but the indicators look absolutely stunning for this timing of the next eight days…with the emphasis on the next day or two being highly possible.
• Mon. 11 Sept. Hernán Robert Hbravo: It is reported in Iraq that everything is ready and agreed with the United States Treasury for the Revaluation of the DINAR currency.
• All documentation was studied and agreed upon between the government of IRAQ and the US. The documentation was delivered on Mon. 11 Sept. 2023, to the United States Treasury for prompt signature. Today is a very happy day for IRAQ and the world.
• Mon. 11 Sept. TNT Call: Everyone expected the RV over the weekend and it didn’t happen. One Three Letter Agency said everything is done, and it should be over with by Tues. 12 Sept. The other agencies also said it’s all done, and we’re waiting for the full release any second now. Their contact in Iraq said it should be no later than Tues. 12 Sept. evening.
• Mon. 11 Sept. Brent Johnson: The Historical Bonds will go first, then appointments (for Tier4b). There is high likelihood it will go before the end of the month, but only a handful of people know exactly when.
• 21 countries officially agree to ditch the U.S. Dollar in 2023. Keep in mind… this is just how many they want the public to know about. https://watcher.guru/news/brics-21-countries-officially-agree-to-ditch-the-us-dollar-in-2023
• BY JUDY