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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 Someone right now can buy 1 million [dinars] for $1,200, $1,300 but when the blessing occurs you're going to end up spending a million to buy a million dinars. No, I don't think so. But the whales and sharks will. They'll buy 1 million dinar for $1 million because they know as it floats it'll go to $3 million and they made a killing. That's when the sharks make their money. They smell the chum right now and some of them are moving but not as much as they will when it happens. When it happens big boys play with big money. MarkZ We did have some good news out of Iraqi parliament.. Article: “Parliamentary Finance: Satisfaction and optimism with the rate of completion of the government program” They want you to know that they made great progress and have expectations for the budget to be voted on in the next few days. Pimpy Let me tell you what I think about how everything is going to affect this investment in Iraq. Trump already told you, they're going to drill baby drill. When he spoke with Elon Musk and Rand Paul doing something about the Federal Reserve he told the people specifically do what you need to do but stay away from the oil. Period. He'll handle the oil. We're going back to being the number one exporter of energy...The last time he did that it drove prices way down. Damn near bankrupt Iraq. That's what Trump did last time for Iraq.
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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 Clare Article: "The Central Bank signs a memorandum of cooperation with the European Union and Germany to enhance financial markets in Iraq" Quote "this agreement represents a new start for cooperation between the Iraqi banking sector and the German side, noting that it will contribute to the exchange of expertise and transfer of knowledge." Militia Man Sudani has been on a tear because he's been doing for over two years methodically; nothing but achievements.
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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 Militia Man They need to have valuation for [their] assets. I think that's going to be related to an exchange rate, a real effective exchange rate. MarkZ There are a whole lot of folks that say all these things coming together means a rate change. I believe them to be accurate. Samson Article: “Baghdad Governor: There is a positive impression regarding Baghdad’s nomination as the capital of tourism for 2025" Frank26 Not every bank is going to be able to do this. Not every Chase Bank has the ability because maybe they're a mom and pop bank. Certain banks have been designated to do this. People don't realize there are places they can exchange. People are so scared, 'I don't know where to go.' When this thing happens it's going to be so hot. There will be plenty of large banks dealing with international bank transfers when this happens. Fnu Lnu Redemption Centers are nothing more than remote bank locations. There will be no contract rates unless you have a contract with private buyers pre-October 2011. Everyone will get the same rate due to the Law of One Price.
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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 Pimpy As soon as Trump won the presidency we all know he heard from 77 different world leaders. When he got on the phone with the Iraqi leader al-Sudani they took an exceptional amount of time. I told you Trump has plans for al-Sudani and Iraq to be a pivotal player in peace in the Middle East. He's not gong to ask Trump about what the exchange rate is going to be because Trump has nothing to do with it. That is the Central Bank of Iraq. Clare Article: "Trump warns BRICS against replacing dollar with other currencies" Quote: "US President-elect Donald Trump threatened to impose 100 percent customs duties on BRICS countries if they undermine the US dollar. Trump added 'BRICS cannot replace the dollar in world trade, and any country that tries will have to say goodbye to the US market."
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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 Militia Man We have a couple members that speak fluent Arabic...They come in on occasion and talk to me...or I reach out to them...to see if they can reach out to the tribal people or people that they know that are working on the ground...What I learned was...He gave an example if you're taking a credit/debit card from a country A to country B and it works, meaning you have the ability to transfer money from one country to another on your card, ...you can swipe your card into an ATM and get money, let's say you're [Iraqi], if you're in a different country and you can swipe your card and get dinar or convert [Iraqi dinar] to Jordanian dinar or you can go to Saudi Arabia...the United States... Europe, if the card works in those counties, it's going to be reflective of...an exchange rate. [Post 1 of 2] Militia Man Article: "Trade Bank launches first experimental Visa card." Quote "...the Visa includes features for use in online shopping as well as for use in purchases..." When we go online, we're international in the World Wide Web. It sounds like you're going to be able to use a new electronic card across borders. If this is an international card, showtime is about to being. Because once they have experimented, if it works, everybody's going to get one. [Post 2 of 2]
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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 MarkZ Article: “For the first time since 2003. Non-Oil revenues achieve significant growth in 2024” This gives Iraq stability and helps allow them to raise the value of their currency. Mnt Goat The news from Iraq is all still very good. There is so much progress. The BIG event of course, will be the ending of the current currency auction process and use of the new system already to implement. The CBI has told us that nearly 95% of the current payments needed for imports is covered by the four (4) correspondent banks for this purpose. Remember that the clock is ticking and other outside banking relationships must take place but will most probably never take place unless the IQD is valuable again and most importantly on these terms it must also be reinstated back on FOREX for investors to “legally” use this currency in their portfolios of investments for their clients. This is the key. Yes, this is really just where we are right now.
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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 Fnu Lnu We are hearing a constant drone of how the GOI is trying to combat the parallel market /black market. Once again, I am calling B.S.! Any thinking person can understand and realize, the way you put an instant end to the black market is to revalue the currency (IQD) to a rate higher / more valuable than the Dollar. I maintain that this is nothing more than a stall tactic to hold off the RV / RI of the IQD. Occam's Razor is almost always the correct answer, but why are they doing this? Samson Article: "Unprecedented numbers: American CNN talks about tourism in Iraq" Quote: "The American network CNN published a report in which it confirmed the increase in the number of Western tourists heading to Iraq" Mnt Goat Post RV Iraq will be on the hook to sell oil to the US at a fixed, low price for the next 30 years (oil credits from our exchanges). This is in part how Iraq is going to pay for the exchange of currency on revaluation. Militia Man We are watching Iraq open up to the world. We're talking about integration into international markets, international banking. From national to international inter-connectivity. This is what's happening with Iraq.
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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 Samson Article: "Turkish Trade Minister: Iraq is our third largest trading partner" Walkingstick Auctions are now only needed for the government of Iraq because oil sales in USDs are done in USD. Then they are converted to IQDs because they are phasing out the dollar. This equals phasing out the auctions. Everyone will only use the IQD in Iraq.
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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 Guru Mnt Goat We have been witnessing the preparation of a huge move for the Iraqi financial system come the end of the year. I do not want anyone to think that everything will go so smoothly. Iraq has already told us there will be some bumps but as the international community comes to support the dinar more and more things will then quickly recover... MarkZ Article: “Commission: This week will witness the ratification of the results of the Kurdistan Parliament elections” More news for the HCL? I was always told once the official announcement that HCL has passed has occurred- we were within days of the RV. That is why we keep watching it. Possible Major " To Do's ": Moved to IMF Article VIII HCL passed/imp. [Temp 11/2014] [agreed in spirit 12-2014] Erbil Agreement Impl. Election Law (DONE! 12/2013 | Amend Dec 2019) UNSC Chapter 7 (Done?? summer-2013/ Dec/2017 moved to ch VI?? June-2018 Resolution 1487: CBI released from Sanction list. Voted 2-22-2022 Resolution 2621. 8-12-2023 - Iraq appears out of Ch VII but U.S. has not release them) UNSC Chapter 6 (began 12/2017 ?) Article 140 impl. (Supreme Court Support 5/2018 - must impl.) (8/2019 Federal Court clarifies constitutional force) Economic/Banking laws passed (more needed)(12-2017) Investment laws (Voted! 10/2015 Printed 1/2016) Power Sharing (Done!! 10/2014) Internationally accepted Dinar GOI Seated (10/2014) [Done - Fully seated 6-6-2020] Tariff Law (partial) CBI & Market rate within 2%-90 days (start ~Mar. 15 2018? Nation wide start ~Nov. 2018) E.O 13303 (Done 12/2017 - Biden renewed May 2023) Law of Financial Administration/Financial Management Law (First vote May 2019) | Amend Dec. 2019 CBI Auctions Stopped (planned - partly Done - June 2020?)
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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 What Sudani is doing for Iraqi citizens, it's going to benefit the whole freaking world. Samson Article: "Iraqi government to Baghdad Today: We must adapt to the new political situation in the United States" MarkZ Question: How long will we have to make appointments after the RV? Mark: I heard 30 days. But some contacts believe it will be more like 90 days. Militia Man The 2024 budget, we haven't seen that yet. Why haven't we see it? We haven't seen it yet because they're hiding that until the last minute. Remember this going from 1310 or 1320 exchange rate and changing it to a massive degree needs secrecy to some large degree all the way through the process. But they still have to educate their citizens, they still have to indicate what are they doing and how are they going to do it and why...2024 budget exposure is what to me is the key. It's that Rosetta Stone. Frank26 Article: "The Central Bank moves its secret vaults to its new building. Clarification of the truth of the claim" THE VAULTS ARE NOT A SECRET. WHAT IS INSIDE OF THEM IS.
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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 Sandy Ingram Iraq faces 2025 fiscal squeeze as declining oil prices put immense pressure on the nation's budget which has been heavily dependent on oil revenues for decades. The International Monetary Fund has recently issued a stark warning to Iraq cautioning the government's 2025 budget projections may be overly optimistic leaving the country vulnerable if oil prices continue to slide. The Iraqi government has budgeted for crude oil prices to remain stable around $85 per barrel but the global market has seen a recent dip with prices hovering closer to $70 per barrel. Without a substantial increase in non-oil revenue the country may face a fiscal squeeze in 2025. Clare Article: "The Central Bank moves its secret vaults to its new building.. Clarification of the truth of the claim" Quote: "The information that talked about transferring secret safes and vaults that were underground in the old Central Bank of Iraq building on Rashid Street to the new building on Abu Nawas Street during the population census curfew is absolutely incorrect... moving anything to the new building is a normal matter and there is no secrecy in it, and everything is being done under the supervision of the relevant authorities, whether security or otherwise."
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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 Samson Article: "The Central Bank moves its secret vaults to its new building. Clarification of the truth of the claim" Militia Man [Boots on the ground in Iraq update] There is a lot of information about the dinar being worth more. There's a lot of news outlets, even on the TV when it comes to Iraqi news, Channel One and Channel Three, speaking about how worthless the dinar is and how its purchasing power needs to change for the country to develop and to go in the right direction. There is a lot of pressure educating the people. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Economist on television is explaining about how a revaluation works. They're giving us examples of other countries and after that how the currency is linked or pegged to a basket of other currencies. Wow...It's being told to us constantly now every day. The planning of the revaluation they say is done and now apparently this currency is going to be linked or pegged to a basket of other currencies. FRANK: If they tell you it's going to be pegged to a basket of other currencies,...it means we have a new exchange rate because that's the only reason the other currencies in the basket will play along with it...They also want to fluctuate (bounce up and down) with the value of your currency that is about to go insane!
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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 Clare Article: "S&P raises JPMorgan's rating by one notch" Quote: "S&P confirmed that JPMorgan's rating is now among its highest for banks worldwide, pointing to the strength of its market share in the sector and its ability to manage costs effectively amid the bank's increasing business volume." Militia Man They're talking about cross boarder transfers. That's money. That's currency. That's going to be doing commercial trade. That's going to be Article VIII compliance my friends. That's how it's going to be...Whether it's today or tomorrow that's a good question...Iraq is going international right before our eyes... Frank26 With all the beautiful things you see everyday, let it be known that all of this you are witnessing is the evidence of a new exchange rate because none of this can happen at a sanction program rate. The obvious is obvious.
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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 MarkZ & Militia Man Mark: They need to finish out the 2024 budget – they have money they want spent over the next month. There is so much they are pushing for to make happen. So much good is going on right now. Militia Man: I totally agree. Look at the Port of Faw and the non oil revenue streams in Iraq. And with the currency transactions with Turkey they would have to be Article 8 compliant. And look at the Development road project. But Iraq still needs to show its people its REER (Real Effective Exchange Rate) Mark: So many things are finally coming together. Mnt Goat Article: “PRIME MINISTER: WE ADHERED TO THE GOAL OF COMPLETING THE GREATER FAW AS THE GATEWAY TO GREATER IRAQ”. He explained that “this project has actually entered into the knots and paths of global trade and transport routes, which pass through the Middle East region, which has great strategic importance for global trade.” I usually try to pick out the most important article of all for the news period. This article tops them all today and all I can say is WOW! WOW! WOW!.. Iraq must now put on it’s BIG BOY pants and be the economic super giant it is destined to be. They are doing it right in front of our noses.
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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 Walkingstick Billboards with lower note pictures and explanations about them, if that was true, if that had any possibility, then the moment that would happen would cause...there cannot be a gap between when they show it and when they release it [the rate] IMO. Once they show [them], the time frame for them to release it [the rate] would have to be extremely short. There should be no gap between the two events. It should be simultaneously. Samson Article: “Iraqis have an appointment with 'Wednesday'... a comprehensive road map for all individuals" Quote: "The first general population and housing census in Iraq in 27 years is scheduled to be conducted on November 20 and 21"
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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 Pimpy People are always trying to predict when is the exchange rate going to change. IMO you're not going to see any exchange rate change until they feel comfortable and they feel stable in a new banking system, and they feel like they have all the kinks worked out then most likely you're going to see a redenomination and the new exchange rate take place. Then. Not before. Militia Man We all know Iraq is about to take her place in the international financial system. Millions of people are going to be affected. It's really big. Samson Article: "Swiss Ambassador Expresses His Country's Desire to Invest in Iraq" -
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 The concept of the reinstatement has been alive for many years in Iraq. It is only the ignorant, I'm not being disrespectful, it's only the uninformed that believes it to be an RV. Samson Article: "Do the census results affect Article 140 of the Constitution?" Quote: "President of the Republic Abdul Latif Rashid confirmed that the results of the general population census will not affect Article 140..." Pimpy It's not going to free float. For now it's going to be a fixed rate. I know everybody's excited to get to that free float rate. I hear you. When it [New bank transfer mechanisms] first launches and goes officially live they're going to use a fixed rate...
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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 [Iraq boots-on-the-ground report] FIREFLY: When everyone here goes to exchange their notes, there will be immediately an electronic background check. It's just Iraq's diligence in stopping corruption at the start. FRANK: I didn't know that. I find that to be MARVELOUS. BRILLIANT! Mnt Goat My CBI contact told me they almost must reinstate the dinar at about the same time or very shortly after they end the currency auctions in Iraq at the end of this year. This is why this move to end the currency auctions is so important to us as investors. Remember also that the CBI will be no longer taking dollars from the oil revenues to pay for imports. If this is the case don’t you think the dinar must have some substantial value? **** From Midnight Thursday **** Frank26 The concept of the reinstatement has been alive for many years in Iraq. It is only the ignorant, I'm not being disrespectful, it's only the uninformed that believes it to be an RV. Samson Article: "Do the census results affect Article 140 of the Constitution?" Quote: "President of the Republic Abdul Latif Rashid confirmed that the results of the general population census will not affect Article 140..." Pimpy It's not going to free float. For now it's going to be a fixed rate. I know everybody's excited to get to that free float rate. I hear you. When it [New bank transfer mechanisms] first launches and goes officially live they're going to use a fixed rate...
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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 High inflation, debt, terrorism, parliament, the auctions, they were the reasons for a program rate but not any longer...The 7.3% increase in [Iraqi] private banks is because of the success of the monetary reform education. [Iraqi citizens] are once again trusting your banks and that was very important for the security and stability of your new exchange rate that is coming to you. Pimpy Article "A turning point for fiscal policies. What after the cancellation of the dollar traffic monitoring platform?" Quote "This decision is expected to lead to fundamental changes in financial transfer mechanisms and a direct impact on the exchange rates and financial stability." Be careful. Every time somebody ready 'exchange rate' in articles they don't pump you up full of hopium and mislead you. I don't want them going 'Oh my God they're getting ready to make the change...' Because that's not the case... Militia Man 2024 budget hasn't been exposed just yet. We are waiting to see if they can expose it. I think they have some legal and technical issues...We're at that stage where for them to receive the 2025 budget they need the final accounts for the '23 and '24.
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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 I told you to construct your team. I told you your team is waiting for you at the bank, anyways. Merrill Lynch, JP Morgan, whatever it may be. [Note: At the appropriate time consult with attorneys and financial planners and asset protection professionals you trust.] MarkZ Article: “Saadi Ahmed Bureh: the Census should have been carried out after the implementation of article 140” After? HCL? Has it already been implemented? Am I missing something? I think they are telling us something. Pimpy I have no doubt Trump is going to want to do this [a peace in the Middle East deal with Sudani] as quickly as possible so it shouldn't take very long for us to finally start to hear what it is that Trump has in mind with Sudani and Iraq, what they're going to offer Iraq. What does this mean for the Iraqi dinar? This means the currency is going to be stable and once it's stable and they're not worried about inflation then we might see the deletion of the zeros coming up here shortly and then followed by a new denomination of Iraqi dinar dinars, new currencies without the zeros on them. Then we'll definitely see the exchange rate change..
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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 Mnt Goat My CBI contact told me there is a planned meeting next week with the director Al Al-Alaq to review the status of the committee work and plan out the next phase of the project to delete the zeros. I was told that the CBI will no longer be supporting the currency auctions come the end of the year. She told me they are now working on many more foreign banks besides the already arranged four (4) U.S. banks that are going to also come into process of supporting the international conversion of dinar to dollars on payment of imports to Iraq. Why would these other banks want to exchange dinars if they were not going to be worth something and globally traded? This news was VERY good news for all of us. It tells us there is going be some huge change in policy of currency exchange for international trade with Iraq. Clare Article: "Al-Sudani and Trump agree to coordinate to stop regional wars and meet soon"
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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 IMO, Iraq will be...no, "IS" a currency hub. MarkZ Article: “Sudani issues 6 directives to increase financial inclusion and raise its indicators in all governates” These include increasing number of banking branches, modern technologies, banking services, etc. They have modernized their banking system for the rise in value of their currency. This is all part of their white papers and economic reforms. One of their goals is to raise the purchasing power of the dinar for all Iraq. That means a revaluation (RV) or Re-instatement. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani held a telephone call with President Trump and Mr Trump said I'm going to help end the conflict in that whole region that you got there and they agreed to meet in the near future. FRANK: Yeah, they'll meet before he becomes president in January. Mark my words, the whole world is calling Sudani because of your monetary reform success and now the whole world is calling my President Trump because they know they will now be successful with him. Sudani only talks to people that want to be successful with him.
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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 On the 10th there's going to be a collision of some very important 'heavy particles' that require the monetary reform exchange rate. On the 10th they're all coming into a collision. I think they're going to give birth to new elements. Maybe lower notes - maybe a float - maybe the digitalization of the electronic float. A lot of things might be happening but not before the 10th of this month... Clare Article: "Al-Fatlawi: The population census enumeration and numbering process exceeded 98% throughout Iraq" Quote: "...He indicated that the census will be conducted on its scheduled date on November 20." Militia Man They're going to need to expose their exchange rate so they can get on the Forex and they can open the doors so they can start paying for all those obligations...
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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 Sandy Ingram Trump...for the most part he has been on the side of Iraq. Our problem is not Trump, but rather the fact that Iraq is increasingly making the [dinar] a closed currency. The means we do not have access to the digital changes happening in the country today. Clare Article: "Al-Sudani congratulates Trump and Vance, stresses Iraq's commitment to strengthening relations with America" Quote: "It is noteworthy that Iraqi Prime Minister Mohammed Shia al-Sudani had strongly attacked the administration of former US President Donald Trump, during a speech he gave at a memorial ceremony held in Baghdad in 2023 on the anniversary of the assassination of former Iranian Quds Force commander Qassem Soleimani and deputy head of the Popular Mobilization Authority Abu Mahdi al-Muhandis in an airstrike near Baghdad International Airport in early 2020."
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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 The fact they are talking to you [Iraqi citizens] that the HCL is coming...means a new exchange rate is coming. MarkZ Article: “Sudani congratulates Trump and vice President on winning the White House race” Sudani believes it will bring stability to the middle east.