Sudanese adviser: Next meetings with the US side will be held in Baghdad, 21 APRIL

Sudanese adviser: Next meetings with the US side will be held in Baghdad

Baghdad – Mil
Prime Minister’s adviser on transport affairs Nasser al-Assadi confirmed, on Saturday, the formation of joint committees to exchange points of dialogue, noting that the upcoming meetings with the US side will be held in Baghdad.
Al-Assadi said in a statement to the official media followed by “Mill”, 

that “the meetings held in Washington witnessed the activation of the framework agreement between Iraq and the United States, especially in the fields of education, transport, health, human rights, the role of women, strategic relations between Iraq and the United States and the relationship of American financing funds with the Central Bank of Iraq,” noting that “the meetings are fruitful and we came out with important results.”

He added: “Specialized committees have been formed between the United States and Iraq to exchange points of dialogue,” pointing out that “the next meetings will be in Baghdad to start implementing the mechanisms of the agreement concluded in the United States.”

Al-Asadi indicated that “all meetings in the United States are successful because of a reaction by other parties and parties,” pointing out that “Iraq announced during the visit great investment opportunities for American companies, and plans were drawn up between Iraqi and American investors.”
He pointed out that “the Iraqi delegation that visited Washington includes a team from the private sector, as the government encourages expansion with private sector companies, which will be easier to deal with companies and government instructions.”
Earlier in the day, the Sudanese returned to Baghdad after a week-long visit to the United States, in which he held a series of important meetings, the most important of which was his meeting with US President Joe Biden.

https://miliq.news/political/29027–.html

"RV UPDATE" BY MARKZ, 21 APRIL

 MarkZ  

 [via PDK]  ...Sudani just landed a few hours ago back in Iraq after a very interesting tour in the US. He took questions during a Q&A and was asked about the revaluation of the dinar. He said specifically that yes that was under the auspices of the CBI but we are very much working on that direction. That is paraphrasing and not exact because of the translation. But that is phenomenal news imo.

 Comment:  I hear EO 13303 not expired until May 13th, 2024.  MarkZ:  Let’s think about this. If it was your job to make certain that the timing was clouded. Would you not extend that executive order??? Of course you would. This is not a concern. This is like picking up a Kuwaiti paper the morning of the RV, and reading 3 different articles about how they cannot change their value yet. Of course this is what they are going to do. 

Iraqi Dinar🔥Revaluation Of Iraqi Dinar At Rate Of $5 Today 2024🔥iraqi di...

His financial advisor: Al-Sudani pledged to protect investors and the government is responsible for their actions, 21 APRIL

   His financial advisor: Al-Sudani pledged to protect investors and the government is responsible for their actions

4/20/2024  Baghdad –

Mazhar Saleh, Advisor to the Prime Minister for Financial Affairs, announced today, Saturday, that Prime Minister Muhammad Shiaa Al-Sudani’s pledge to provide a positive business climate for investors from the United States is an essential factor in reducing and completely eliminating risk calculations, especially “added costs,” indicating that this pledge It will make the executive authority a direct supervisor of the work of foreign investors.

Saleh said in a statement to the official agency, followed by the 964 Network , that “the launch of the project to protect and maintain the investment environment in our country and improve government services for foreign investors, especially the investor sector from the United States, represents the launch of a package of government directions and its strong pledges that support the stability of foreign investment activity and in a way that serves the interest of development and progress.” And the economic prosperity in our country, without a doubt.”

He added that it is “a signal to provide opportunities for success for the work of investors, which requires providing a smooth and facilitating climate free of inherited bureaucratic obstacles that in the past delayed investment activity in our country and led to adding high and exceptional burdens and costs to the accounts of investment projects that have been called in the literature (the cost of Iraq), which It meant the cost of investment risks outside global measurements.”

He pointed out that “the Prime Minister’s pledge to provide a positive business climate for investors from the United States is an essential governmental factor in reducing risk calculations and eliminating them completely, especially the risks of the cost element added to the investment project itself, financially and temporally, which are aspects that investors were exposed to in the past and add prohibitive burdens and costs.” “.

He continued, “The Prime Minister’s pledge means that the executive authority will become the direct supervisor of the work of American investors in the selected investment fields in our country, and that the government’s protective frameworks that will be devoted to this purpose will become a legal and administrative tradition to protect investment activities, or what may be called: investment security and the protection of foreign investors.”

In our country in general and US investors in particular, this is a realistic and direct expression of the state’s strong will to provide investors with all the facilities required by the foreign investor in accordance with the contracts and obligations signed and legally enforceable when implementing their projects in our country.”   LINK

"RV UPDATE" BY BRUCE, 21 APRIL

 Bruce

  [via WiserNow]  ...the rates are doing very well...trending upward...the new rate on the dinar...is going up in value - and should be out as an international rate... They already have an idea where they're gonna land as far as rates on front screens at the redemption centers ...gonna be very, very strong... I would say we should finally have an internationally exposed dinar rate Sunday evening...it will probably show up in our banks on Monday...

We know that we have been close for this going... individual coming from Europe, is saying that...we should be receiving our emails Saturday, Sunday or Monday...So that's...from this Wells Fargo Bond Paymaster... Now...a couple of other individuals that are older and have worked in some capacity with the Reagan Treasury and administration... 

They...say that in their opinion,  we are going to receive our emails, either [Friday] or Saturday and then we'll exchange according  based on whenever we received those emails...and then finally we go to a bank that we’ve all heard of – not one of the Big 4 – but this particular bank is saying that we would be notified over the weekend  which included Friday Saturday or Sunday...we'll see what happens over this weekend.

Potential $5+ Rate for Iraqi Dinar 🔥 News Guru Intel Update Value IQD Ex...

The Ministry of Finance specifies steps that must be taken before canceling the currency selling window in Iraq , 21 APRIL

  The Ministry of Finance specifies steps that must be taken before canceling the currency selling window in Iraq

4/20/2024

The Parliamentary Finance Committee confirmed, on Saturday, that the Central Bank of Iraq had taken a decision to cancel the currency sale window, indicating the necessity of taking steps prior to implementing this decision.

Member of the Parliamentary Finance Committee, Hussein Moanis, told Shafaq News Agency, “There is a decision issued by the Central Bank to cancel the window for buying and selling foreign currency in the year 2024, but it did not specify the exact time to start the decision.”

He explained that "canceling the currency selling window is linked to the reliance of private banks on correspondence with international banks and the method of currency conversion."

This comes after the Central Bank of Iraq gave up its status as a “correspondent” and granted it to several foreign banks, a step with unclear definitions and results, and some observers have warned against it.

In November 2023, the Governor of the Central Bank of Iraq, Ali Al-Alaq, announced the start of importing dollars into the country through Iraqi bank accounts abroad.

Munis asserts that "this step must be preceded by an increase in the classification of Iraqi banks, and this is what qualifies them to deal with international banks, but the real problem that we face is that Iraqi banks do not have a correspondent and are not accredited outside the country."

The member of Parliamentary Finance pointed out that “the government and the Central Bank are seeking to strengthen and increase the classification of private banks,” indicating “an intention by the banks to engage in correspondence and external transfers.”   LINK