Sudani is starting the monetary reform education by using the official rate, which is 1320. He's using 1320 in explaining the possible rate...1.32 to 1 American dollar. IMO the reinstatement could take that International rate further...
WTO means currency restriction free, therefore all members can use multiple foreign currencies to buy, sell and trade but Iraq has decided...all...contracts that have been recently signed with Sudani must be converted into Iraqi dinars.
Iraq is indeed ready but the USA still has multiple conditions for release in the region which are presently being satisfied. We are getting to the end of the game which could monetarily finish as Iraq is going public to force a potential release. It is any minute, any second time frame.
There were a few statements released by the GOI officials regarding their currency. The coming value at the onset of the release was revealed. That value was disclosed at/in negotiations...
Earth News / Prime Minister Mohamed Shia Al-Sudani is preparing to conduct an important visit to the United States of America to meet a large number of officials there, led by Joe Biden, to discuss many important issues, especially in light of the development of aggression on some areas of the Middle East, in addition to the aggression on the Iraqi security forces by the US airlines.
This visit comes in light of the dangerous escalation witnessed by the world and warnings of the expansion of the circle of fighting, while the Sudanese will carry many other sensitive files, most notably the foreign presence in Iraq, in addition to the continuation of strikes between the Iraqi resistance factions and the American forces.
In September last year, Sudanese participated in the meetings of the United Nations General Assembly in New York, during which he met with US Secretary of State Anthony Blinken, but did not meet with President Joe Biden, at which time the US minister invited the Iraqi Prime Minister to visit Washington and meet Biden, to discuss bilateral relations.
On this visit, political analyst Ghalib Al-Madaani says in an interview with Earth News that “the talk about the visit took place a year ago when the government was formed and its date was not set and US Secretary of State Blinkin had previously invited Mr. Al-Sudani to visit the United States, but without specifying the appropriate date, which caused it to postpone it.”
He added that “the visit of the Sudanese and his meeting with US President Biden, who says about the media that he is memoryless, will not have a significant impact considering that the current President Biden will leave office after about 8 months,” noting that “the visit will be of great use if it includes other US departments such as parliament, the Ministry of Defense, the State Department and decision-maker circles in Washington.” Al-Saadi pointed out that “the Sudanese Prime Minister will carry with him all the files related to the Iraqi economy, Iraqi security, the American presence, the stability of the country and everything related to it.”
For his part, the government spokesman, in the name of Al-Awadi, revealed in a statement followed by Earth News, that “the date of the visit of the Prime Minister will be during the spring, explaining that its goal is to arrange bilateral economic, political, cultural and security relations, end the mission of the international alliance and move to a bilateral relationship only.”
With regard to the truce between the United States and the Iraqi factions, Al-Awadi stressed that “stability in Iraq and the cessation of strikes directly contributed to the completion of the dialogue and the timetable for the end of the mission of the international coalition and the withdrawal of foreign forces,” but said that “the targeting of Iraqi bases in which international advisers are present is reflected negatively on the speed of completion of the task of the Supreme Military Committee and the completion of the task of ending the international coalition.”
The visit of the Sudan, which is expected during the next two months, which has been postponed more than once, due to tense regional conditions, most notably the “Israeli” war on the Gaza Strip, is important in the eyes of the watchdog community, as it is his first official visit since he took office in October 2022, and its agenda will have to discuss security unrest, including the escalation of mutual attacks between the United States and the Islamic resistance factions since the beginning of the events in Gaza.
I was excited when Sudani suggested 1.32 but now I am crazy excited to see Alaq the governor of the Central Bank of Iraq suggesting the same thing.
The Prime Minister is going to Washington DC ...He's going to talk to the U.S. Treasury about the new exchange rate...He's talking to it with everybody.
..JP Morgan representatives at a Chase Banks, why are they there? And why do they have all of these cubicles that they're setting up?
...They don't even say it's not a scam, they simply say when it happens we're ready for you. The whole mantra/attitude is changing but it doesn't change all at once. It's a slow process. It travels from the east to the west...north to the south. That information is slowly being given to everybody that is going to be involved in this exchange process.
Prime Minister Mohammed Shia Al-Sudani has conducted a field visit to the Rixos and Mövenpick hotel projects, both under construction in the heart of Baghdad.
He received a detailed presentation on the progress of the execution of both projects and inspected the stages of completion.
Al-Sudani emphasized the urgent need for large hotels in a city the size of Baghdad, given its tourist activity, official delegations, and hosting of numerous Arab, regional, and international conferences throughout the year.
He noted that hotel occupancy rates currently stand at 100%. Additionally, he highlighted Iraq’s upcoming hosting of important events and conferences, necessitating further efforts to complete these two hotels and other large hotels currently under construction in Baghdad.
These projects are among several hotel projects underway in Baghdad.
Vietnam became the 150th member of the World Trade Organization back in 2007...with the same icky exchange rate. Not only that but...Vietnam is currently trading on the Forex...In addition to that Vietnam is on the Swift System...When you try to look up Iraq there is no Iraq because they're not on the Swift System. So you have Vietnam with a way
worse exchange rate than Iraq part of the World Trade Organization...on Swift and they're trading on the Forex...If Vietnam is there with their current exchange rate then there's no doubt...Iraq...can be on these programs as well [at their current exchange rate].
Everyone is excited that Iraq has completed all the requirements to join the World Trade Organization but the bigger question is what's next for Iraq?
...There's this impression going on around the Iraqi dinar community that this is going to happen next week or next month. Is this true or could the process take longer?
...What's remaining for Iraq?
Approval by the general council...which is composed of all WTO members. ...As of now they don't appear to be on the calendar to be voted in...We got between now and June to see if indeed Iraq is added to the calendar...unless for some reason the WTO holds a special session...
