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REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 You know the competition that is going to be with those private banks from the CBI [in the US] with American banks? It's going to be massive and people don't even understand that right now. American banks are going to come after you and they know you. They know who has dinars. The US Treasury will tell them... Yes, they're going to tell them. They already told them. This is massive what is about to happen... Pimpy What is the deletion of zeros of currency? An action aimed at increasing the nominal value of money. Nominal value, NOT the exchange rate. Re-denomination, that's what this is. What is lopping off zeros? Same thing. Changes the nominal value. What is the removal of zeros off currency? ...Also known as deleting of the zeros...Re-denomination. What is reducing of zeros off currency? Re-Denomination. I'm telling you guys all those things are the same thing...You remove the zeros off the currency and when you do that .00076 will be .76 but it doesn't change the value of your currency versus other world currencies. That stays the same. MarkZ I continue to hear rumors of the different spots that Sudani has visited. I am hearing there was a clandestine meeting with a signatory of seven of the banking families from China. Hang tight guys as we sort this over the next day or two and figure out what is hopeful rumor and what is fact. But things are very positive. Samson Article: "The Iraqi Private Banks Association praises Al-Sudani's visit to Washington" Militia Man [Iraq] is now in a security and stability and debt free state and now they're going into a state of expansion on their economic reforms, development programs, sustainable development... all of the things we've been talking to you about are coming to fruition. They're not going to do that at 1310...

The Sudanese announces from America his government’s intention to produce flour for the local market and dispense with importing it PoliticsIraqSudaneseFlour Material 2024-04-16 // 23:53 Shafaq News / Prime Minister Muhammad Shiaa Al-Sudani announced that his government intends to produce flour for the local market and dispense with importing it. This came during his meeting yesterday evening, Tuesday (Baghdad time), with the Chairman of the American Wheat Council, Vince Peterson, and his accompanying delegation, according to a statement issued today, Wednesday, by the Iraqi government. The statement stated that aspects of future cooperation were discussed in supplying wheat to Iraq with the best quality and reasonable prices. In order to produce flour outside the uses of the ration card, which the government worked to secure and enhance its strategic reserves, relying mainly on Iraqi wheat. Al-Sudani pointed to the ongoing cooperation with the Wheat Council, praising its efforts in facilitating contracts with the Ministry of Commerce and supplying it with wheat, at a time when Iraq was in dire need of large quantities of it to enhance its food security. He also indicated the government’s keenness to continue cooperation with specialized American companies. In order to produce flour for the local market and dispense with importing it, in addition to the government continuing its efforts in the field of enhancing food security by supporting farmers and the private agricultural sector in Iraq. The Prime Minister stressed that the government will work to overcome all obstacles to proceed in cooperation with American companies in supporting this project, meeting the local market’s need for flour, and planning to export it in the future by investing in the production capacities of private mills, a large portion of their production lines are idle. For his part, Peterson stressed his aspiration for more cooperation and future work, noting that the American Wheat Council has worked with Iraq for decades, within the framework of a memorandum of understanding for the Wheat Council. He also expressed his pride in the partnership with Iraq. https://www.shafaq.com/ar/سیاسة/السوداني-يعلن-من-امريكا-عزم-حكومته-نتاج-مادة-الدقيق-للسوق-المحلية-والاستغنا-عن-استيراده

REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 Article: "After 21 years of the dollar auction... Iraq is close to closing the window amid reassurances and warnings" This is so powerful. The closing of the auction windows is the end of those that were stopping the monetary reform... Paulette Article: "Al-Ardawi: The Sudanese government seeks to liberalize the Iraqi dinar and stabilize the economy" Quote: "The visit comes in a very heated situation and everyone is awaiting its outcomes, and the Sudanese carries... ideas and projects that move towards consolidating the relationship with the American side and transferring it from the process of guardianship to friendship... In a way that allows Iraq to assume its pivotal role in the region." As I have been stating... Iraq needs the US Guardianship to end!! (UN 1483)

Iraqi Defense Minister: The necessity of coordination and cooperation with the international coalition PoliticsInternational CoalitionIraqi Defense 2024-04-17 // 04:01 Shafaq News / Federal Minister of Defense, Thabet Al-Abbasi, confirmed today, Wednesday, that the military committees have made important strides with the international coalition, indicating that there are other upcoming sessions to mature the upcoming agreements. Al-Abbasi said during a press conference held in Sulaymaniyah, attended by Shafaq News Agency, that the Iraqi side had ready contracts on the process of preparing weapons for army aviation and air defense fields, and they were signed by the American side and the representative of the Federal Ministry of Defense. He added that the Iraqi side stresses the necessity of maintaining intelligence cooperation and coordination with the international coalition, as well as with regard to air support. The minister stated that the Iraqi military committees have made important progress with the international coalition after two sessions of negotiations, stressing that the agreement has matured between the two parties and there are other close meetings. Yesterday, Tuesday, US President Joe Biden and Iraqi Prime Minister Muhammad Shiaa Al-Sudani announced their commitment to the permanent strategic partnership between Iraq and the United States, and discussed their vision for comprehensive bilateral cooperation under the 2008 Strategic Framework Agreement between Iraq and the United States. https://www.shafaq.com/ar/سیاسة/وزير-الدفاع-العراقي-ضرورة-وجود-تنسيق-وتعاون-مع-التحالف-الدولي

Sudanese to an American Senator: We want a comprehensive relationship that is not limited to security PoliticsWashingtonUnited StateMuhammad Shiaa Al-SudaniIraqi-American Relations 2024-04-17 // 08:51 Shafaq News / Prime Minister Muhammad Shiaa Al-Sudani confirmed on Wednesday that his government’s vision towards the United States is to create a sustainable relationship that includes all fields, not limited to the security field. This came while Al-Sudani received, at his residence in the American capital, Washington, a member of the Foreign Relations and Armed Forces Committees in the Senate, Senator from the Democratic Party, Tim Kaine, and his accompanying delegation. During the meeting, Al-Sudani referred to what had been worked on between the two countries recently, through a set of methodological foundations that began with the Supreme Military Committee, which will discuss the mission of the international coalition, and this is subject to regulation in the ongoing dialogues between the Iraqi Ministry of Defense and the Pentagon to determine the form of the future security relationship. Al-Sudani explained that “the coordinating committee for the strategic framework agreement held its first meeting to discuss energy, trade, education and other files, which will benefit the two countries and strengthen the ties between the two peoples,” pointing out that “the Iraqi delegation includes a group of businessmen in the private sector, who will hold meetings with their counterparts.” in Washington". He stressed that "Iraq has distinguished relations with Iran and America, which serves stability in the region," noting what is happening in Gaza, and Iraq's firm and principled position on the events, in which it warned from the beginning of the dangerous repercussions on the stability of the region. https://www.shafaq.com/ar/سیاسة/السوداني-لسيناتور-مريكي-نريد-علاقة-شاملة-لا-تقتصر-على-ال-من

Iraq signs memorandums of understanding with American companies in the fields of electricity, oil and medicine PoliticsIraqAmericaBreakingMemoranda Of Understanding 2024-04-17 // 23:26 Shafaq News / Iraqi Prime Minister Muhammad Shiaa Al-Sudani signed memorandums of understanding with major American companies to implement projects in the electricity, oil, medicine, and economic sectors. The Sudanese media office stated in a statement received by Shafaq News Agency, that the latter met in the American capital, Washington, yesterday evening, Wednesday (Baghdad time), with a number of presidents and representatives of major American companies, in a session held by the American Chamber of Commerce. The meeting included a dialogue session with the attendees, during which Al-Sudani explained a number of questions that were raised during the meeting, related to the investment environment in Iraq and the facilities provided by the government to the private sector. During the meeting, Al-Sudani sponsored the signing ceremony of a number of memorandums of understanding between the Ministries of Electricity and Oil and the Iraq Fund for Development, with American institutions and companies. Similar memorandums of understanding were also signed between the Iraqi private sector and American companies in the fields of energy and pharmaceutical industry. He pointed to the openness of the investment environment in Iraq to attract reputable international companies to participate in the economic renaissance and infrastructure projects that Iraq is witnessing, in addition to the package of financial, banking and administrative reforms that the government initiated and accomplished a high percentage of within a year and a half of its life. Al-Sudani said, "The outcome of the discussions and understandings with the American side was the necessity of continuing to develop bilateral relations in various economic, social, and security sectors." He added, "We agreed to strengthen the relationship, stimulate the private sector, and support the work of American companies in Iraq," noting that "Iraq is witnessing remarkable stability despite the challenges in the region, and we are working to distance it from hotbeds of conflict and escalation." He continued, "The government has made important strides in economic reforms and implementing major projects that contribute to solving problems," stressing, "We presented to Parliament a law that addresses the challenges facing the private sector." Al-Sudani added, "According to the US Department of the Treasury, 80% of transfers are in accordance with international standards, and we are working to complete the remaining percentage," pointing to "the completion of the unified treasury account and the integrated banking system, modernizing collection and customs reforms, and redirecting support in the right direction." He explained, "Our support for the private sector is an approach we are following, and for the first time we have granted it sovereign guarantees to support projects," noting that "the Iraq Fund for Development aims to involve the private sector, and addresses bureaucracy and routine for entering companies." Al-Sudani stated, "We have carried out tax and administrative reforms related to registering company branches, to provide an attractive investment environment." He pointed out that "the volume of exchange between Iraq and the United States does not exceed 10 billion dollars," stressing, "We have developed a comprehensive vision for the optimal investment of oil and gas, and the sixth round of licensing, related to natural gas fields, is being presented for the first time." He said, "We have a plan to reach self-sufficiency in gas and stop imports within 3-5 years," adding, "We have proposed integrated projects in 6-8 fields throughout the governorates, according to a model for developing oil, using associated gas, and establishing an electrical station and a petrochemical industry in the same location." He concluded by saying, "For the first time, Iraq is moving towards establishing a fixed platform to receive liquefied gas, and this is an opportunity offered to American companies and other companies. We also signed a contract with KBR to prepare a preliminary study on the fixed platform, for the purpose of receiving gas and exporting it in the future." The statement explained that the government memorandums of understanding that were signed are: A memorandum of understanding between the Ministry of Electricity and General Electric Company (GE) in the field of developing the energy sector. A memorandum of understanding between the Ministry of Oil and Hanwell Company, to conclude a partnership in the field of developing strategic plans for oil fields and associated gas. A memorandum of understanding between the Ministry of Oil and General Electric Company in the field of developing oil fields and associated gas. A memorandum of understanding between the Iraq Fund for Development and the American company MACK for engines and equipment, in the field of manufacturing specialized vehicles. Second: Memorandums of understanding signed by the Iraqi private sector with American companies: Memorandum of understanding with Baxter International Company for cooperation in the field of dialysis supplies. Memorandum of understanding with the American company KBR to develop oil fields. Memorandum of understanding with KBR in the field of processing primary gas and converting it into liquid and associated gas. Memorandum of understanding between the National Bank of Iraq (NBI) and the American International Financial Development Corporation. An agreement with Trans Atlantic Petroleum Company in the field of developing and managing oil fields. A memorandum of understanding with the American company Hanwell in the field of developing associated gas fields and stopping its burning. A memorandum of understanding with the American company Hanwell for development, automation, and remote control services. A memorandum of understanding with the American company Baker Hughes in the field of using smart solutions; To stop burning gas and develop and maintain oil fields. Memorandum of understanding with Emerson in the field of technology and automation in oil fields. Memorandum of understanding with GE in the field of supporting the oil industry. Memorandum of understanding with Ark Energy Company in the field of manufacturing associated gas. Memorandum of understanding with Emerson in the field of energy development and equipment provision. Memorandum of understanding with GE in the field of providing equipment to process associated gas in electric power generation. An agreement with Hanwell Company in the field of developing and maintaining oil fields and stopping gas burning. https://www.shafaq.com/ar/سیاسة/العراق-يوقع-مذكرات-تفاهم-مع-شركات-مريكية-في-مجالات-الكهربا-والنفط-والدوا

An American company expresses its willingness to establish LED lighting production lines in Iraq EconomyIraqAmerica 2024-04-18 // 03:46 Shafaq News / Cree Lighting, an American company specializing in LED lighting, expressed its readiness to establish an LED lighting factory in Iraq, according to what the Ministry of Planning announced in a statement today, Thursday. The Ministry said in a statement today that its Minister Muhammad Ali Tamim, at his residence in the American capital, Washington, yesterday evening, Wednesday, a delegation representing the company, and during the meeting, the prospects for joint cooperation between the two sides and the aforementioned company in the field of transferring modern technology and opening a factory in Iraq were discussed. The minister pointed out that Iraq has many important investment opportunities in various development sectors, including modern technology, stressing the government's determination to introduce this technology into the work, services and project management sectors. According to the statement, representatives of Cree Lighting confirmed the company's readiness to enter, invest, and work jointly in the field of transferring modern technology and the possibility of establishing production lines for lighting (LED) in Iraq. https://www.shafaq.com/ar/اقتصـاد/شركة-مريكية-تبدي-استعدادها-ل-نشا-خطوط-انتاجية-للانارة-LED-في-العراق

From Texas.. Al-Sudani details energy projects and talks about a new idea in exploiting wealth EconomyIraqUnited StateMuhammad Shiaa Al-SudaniInvesting In Energy 2024-04-18 // 11:29 Shafaq News / On Thursday, the Iraqi Prime Minister, Muhammad Shiaa Al-Sudani, detailed the energy projects to be implemented in the country, while indicating that his government had adopted a new idea in exploiting wealth. This came during the Prime Minister’s meeting with major American companies specialized in the field of oil and gas, within a round table held by the Arab-American Bilateral Chamber of Commerce in Houston, Texas, as part of his official visit to the United States, according to a statement received by Shafaq News Agency. Al-Sudani reviewed the government’s program and its goals towards optimal investment of oil and gas, and its future vision, and touched on the most prominent strategic projects being implemented in Iraq, as well as investment opportunities for specific projects, and the promotion of the fifth complementary and sixth round, which includes 30 oil and gas fields and gas exploration blocks in Anbar, Nineveh, and Diwaniyah. Najaf and Muthanna. The Iraqi Prime Minister announced that the application for the fifth and sixth round supplements would be extended by two weeks. To give the opportunity to companies wishing to apply, stressing that “Iraq is witnessing a stable security situation throughout.” Al-Sudani called on American companies to engage in partnerships with the Iraqi private sector, which receives the attention and support of the government, pointing to the comprehensive development Iraq is witnessing in all sectors. He continued: “We came up with a vision for the shape of the relationship with the United States, after the understandings and the meeting with President Biden, that it be based on partnership and openness in all fields... Our vision is based on mutual interests, and will be strongly present through joint work, especially the presence of companies and investment in opportunities in Iraq.” . He pointed out that "Iraq is of great importance in the energy market in terms of production and reserves, and the difficult circumstances and previous challenges prevented it from reaching the stage of optimal investment of wealth." He added: “We have recently been approaching self-sufficiency in the petroleum derivatives that we imported during previous years,” adding: “Our government has begun with a new idea of exploiting wealth, by increasing production capacity, investing in associated gas, and going into manufacturing industries in petrochemicals and fertilizers.” Al-Sudani confirmed that a plan has been drawn up to convert 40% of Iraq’s exports into oil derivatives, pointing out that “importing gas costs the government annually $4 billion, while what it burns is equivalent to 1,300 million standard cubic feet, with its negative effects on the environment.” . He noted that his government is working on “implementing a solar energy station with a capacity of 1,000 MW, in addition to a project to inject water into wells,” noting that “the fifth round includes projects implemented by the Emirati company (Al-Hilal) and a Chinese company, in addition to the national effort, and it is planned to reach 2,400 One million standard cubic feet during this specific period. Al-Sudani added: “We are presenting specific projects, including projects attached to the fifth and sixth rounds, and we will extend the period to 15 days, to provide the opportunity to apply for the rounds,” noting that “the sixth round includes patches and fields rich in free natural gas.” The Iraqi Prime Minister stated that his government has begun presenting “integrated projects,” including oil extraction, associated gas investment, and the establishment of a power station, a refinery, and petrochemical industries,” explaining that “opportunities for integrated projects are presented in fields; Dima in Maysan, Ibn Omar in Basra, the Amara and Al-Kumait fields in Maysan, and exploration plots in Dhi Qar.” He pointed out that "there are opportunities to establish petrochemical and fertilizer complexes in Karbala, the FAO petrochemical complex, and the Nebras project, after Shell apologized due to a new trend taken by the company in focusing on gas projects." Al-Sudani concluded by saying: “We developed an idea to establish a complex for petrochemicals and refineries in Ain Sukhna, Egypt, according to understandings, and now we have begun implementing the first phase (Basra - Haditha), which will serve us with the flexibility of transporting exports, and it could be in an economic model that brings together 3 countries, for this important project.” And the vital.” https://www.shafaq.com/ar/اقتصـاد/من-تكساس-السوداني-يفص-ل-مشاريع-الطاقة-ويتحدث-عن-فكر-جديد-في-استغلال-الثروة

IQD Rates - Updated: Thursday - 4/18/2024 Shafaq News: Dollar prices decreased in Baghdad, today, Thursday, and in Erbil, the capital of the Kurdistan Region, with the closure at the end of the week, which is drawing to a close. Shafaq News correspondent said that dollar prices fell with the closure of the Al-Kifah and Al-Harithiya stock exchanges to record 147,750 Iraqi dinars against 100 dollars, while dollar prices this morning recorded 148,100 dinars against 100 dollars. Our correspondent indicated that selling prices in exchange shops in local markets in Baghdad decreased, as the selling price reached 148,750 Iraqi dinars for 100 dollars, while the purchase price reached 146,750 dinars for 100 dollars. As for Erbil, the dollar also recorded a decline, as the selling price reached 147,550 dinars for every 100 dollars, and the purchasing price was 147,450 dinars for every 100 US dollars. Have a Blessed Thursday - Almighty GOD is Faithful..! RON

Dollar prices decline in Baghdad and Erbil with the closure at the end of the week EconomyErbilBaghdadBreakingDollar 2024-04-18 // 06:39 Shafaq News / Dollar prices decreased in Baghdad, today, Thursday, and in Erbil, the capital of the Kurdistan Region, with the closure at the end of the week, which is drawing to a close. Shafaq News correspondent said that dollar prices fell with the closure of the Al-Kifah and Al-Harithiya stock exchanges to record 147,750 Iraqi dinars against 100 dollars, while dollar prices this morning recorded 148,100 dinars against 100 dollars. Our correspondent indicated that selling prices in exchange shops in local markets in Baghdad decreased, as the selling price reached 148,750 Iraqi dinars for 100 dollars, while the purchase price reached 146,750 dinars for 100 dollars. As for Erbil, the dollar also recorded a decline, as the selling price reached 147,550 dinars for every 100 dollars, and the purchasing price was 147,450 dinars for every 100 US dollars.

CBI Currency Exchange Rates Thursday - 4/18/2024 Currency Converter US dollar USD 1,310,000 Euro EUR 1393.578 Pound Sterling GBP 1631.802 Canadian Dollar CAD 951.344 Swiss Franc CHF 1437.113 Swedish krone SEK 119.798 Norwegian krone NOK 119.180 Danish krone DKK 187.403 Japanese yen JPY 8.466 Chinese Yuan CNY 180.984 UAE Dirham AED 356.754 Jordanian Dinar JOD 1850.282 Australian Dollar AUD 839.448 Special drawing rights SDR 1722.781 Gold for a 24-ounce Gold 3,069,047.410

Foreign Currency Selling Window results for Thursday 18/4/2024 Thursday - April 18, 2024 Foreign Currency Selling Window results for Thursday 18/4/2024 Announcement No.(5107) Details Amount Total amounts of transfers abroad (remittances and credits) 251,302,701 Total cash withdrawals 17,760,000 Total sale amounts 269,062,701 Note: The price of selling amounts of credits and international settlements for electronic cards is (1310) dinars per dollar. The selling price of remittances abroad is (1310) dinars per dollar. The cash selling price is (1305) dinars per dollar.

REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Pimpy Really great news came through today... Article "After 21 years of dollar actuation Iraq is approaching the window closed amid reassurances and warnings" Iran was using Iraq's currency auction to funnel the dinar into Iraq for the US dollar... The goal is to have the currency auction ended by the end of this year. MarkZ ...I am happy where we are right now. The only thing that would make me happier is us exchanging.

Added @ 12:30 PM CDT: Samson Article: ”Al-Sudani receives in Washington the Chairman of JPMorgan"

REMEMBER, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report]' FIREFLY: Sudani...is meeting with Iraqi business owners in the United States of America ...They're talking about visits that will bring more stability. They're saying they are going to return the dinar to its price and how the dollar will drop dramatically and not be used in Iraq. A lot is being said about the strength of our currency of the dinar and the meeting is over 100 of these companies. Bruce ...a lot of the sources are very quiet...Typically, that means they're under new NDA’s.This is their catch-phrase meaning they don't know anything, and haven't heard anything. There are really no NDAs ...we know that we know that Iraq is doing some things in the US... I think they're really getting ready for this – to be known internationally - their reason for this session, my way of thinking the rate on the dinar has not been put out internationally yet for everyone to know what that is - but we know that rates are on the screens – all of them - They've been trading upwards, we know that the contract rate on the dinar is still very high and we know that the dong rate is also moving up in a good direction...