Douglas Silliman reveals the secrets of the Iraqi delegation's visit to Washington and makes recommendations regarding the dollar

[6ly410]

Support... Meeting in Turkey between the Iraqi delegation and a delegation representing the US Federal Reserve to discuss the status of the dollar

Thursday 02 , February 2023 22:51 |PoliticalViews: 123

Support... Meeting in Turkey between the Iraqi delegation and a delegation representing the US Federal Reserve to discuss the status of the dollar (ninanews-com.translate.goog)

Baghdad /Nina/ MP Mustafa Sanad announced the holding of a meeting in Turkey between the Iraqi delegation and a delegation representing the US Federal Reserve Bank to discuss the situation of the dollar a short while ago, noting that he will publish the results as soon as the meeting ends ./End9

[6ly410]

International report: A solution to the dollar crisis in Iraq is imminent and its signs will appear tomorrow

 

Translated Reports / | Economy Today, 22:40 |

International report: a solution to the dollar crisis in Iraq is imminent and its signs will appear tomorrow » Baghdad Today News Agency

    

 

 

Baghdad Today-Translation

The Associated Press International News Agency said on Thursday that a solution to the dollar crisis in Iraq is imminent, according to indicators, describing Sudani's statements that the crisis is "temporary" as "accurate" statements.

The agency said in a report translated by (Baghdad Today), that "the Sudanese description of the dollar crisis as "temporary and subject to commercial speculations", is accurate with regard to Iraq's economic capabilities, explaining that "the Sudanese government will send tomorrow, Friday, a delegation to Washington to start resolving the crisis through direct communication with the White House, expecting that the visit will lead to a breakthrough in the current crisis."

The agency quoted statements by the official of the Iraq Department at the Emirates Research Center, Harith Hassan, during which he stressed that "the Iraqi measures in the event of their full application will not lead to stopping the bleeding completely, but will provide Iraq with a reserve of dollars that lasts for a whole year," noting that "the stability of dollar prices can be achieved now, and warning of exceeding the period of the year, which he said will lead to "the declaration of most banks bankruptcy in the event of crossing the period," according to his description.

The Associated Press predicted that "the crisis will be adequately addressed given the rapprochement of the Sudanese government with Washington and the "American position satisfied with the actions of Sudani," noting that the Iraqi delegation, which will head on Friday to the White House, will begin to develop solutions to the crisis with the US president directly, which is likely to lead to positive results "given the relationship of the Sudanese government now close to Washington," she said.

 

[Woldopep]

 "the Iraqi measures in the event of their full application will not lead to stopping the bleeding completely, but will provide Iraq with a reserve of dollars that lasts for a whole year.

 

Not sure what to make of that statement, doesn’t sound like forex.

[Danishere4news2]

13 minutes ago, Woldopep said:

 "the Iraqi measures in the event of their full application will not lead to stopping the bleeding completely, but will provide Iraq with a reserve of dollars that lasts for a whole year.

 

Not sure what to make of that statement, doesn’t sound like forex.

As I have said in other posts here, it sounds like (per numerous articles & the above) they are trying to start the flow of the USD again. They clearly imo are not at the point that we all would like them to be & they are trying to buy more time.

[screwball]

5 minutes ago, Danishere4news2 said:

As I have said in other posts here, it sounds like (per numerous articles & the above) they are trying to start the flow of the USD again. They clearly imo are not at the point that we all would like them to be & they are trying to buy more time.

why would they try and start the flow when the PM had directed them to pay all accounts in dinar...then theres the articles talking about paying for cars in dinar....they will however when the launch on the forex build Forex reserves like most other countries...iran at one stage had over 100 billion in forex reserves.....forex reserves will give them the cash to also back their currency.....

[screwball]

we need to piece together pieces from articles, not just read one and think the worlds caving in....they will never tell you what they are doing in one article this is not how propaganda and fake news works.

[screwball]

https://en.wikipedia.org/wiki/List_of_countries_by_foreign-exchange_reserves

 

make sense???

 

Foreign-exchange reserves, also called Forex reserves, are, in a strict sense, only foreign-currency deposits held by nationals and monetary authorities. However, in popular usage and in the list below, it also includes gold reserves, special drawing rights (SDRs) and International Monetary Fund (IMF) reserve position because this total figure, which is usually more accurately termed as official reserves or international reserves or official international reserves, is more readily available and also arguably more meaningful.

[screwball]

https://www.tehrantimes.com/news/475922/Iran-s-accessible-foreign-currency-reserves-exceed-41b-in-2022

[mally2]

41 minutes ago, Woldopep said:

 "the Iraqi measures in the event of their full application will not lead to stopping the bleeding completely, but will provide Iraq with a reserve of dollars that lasts for a whole year.

 

Not sure what to make of that statement, doesn’t sound like forex.

I would guess that "Iraq Department at the Emirates Research Center, " whatever that is doesnt have the whole picture. At least I hope not. By that same token I wouldnt look for this tomorrow, but would love it. Sounds like meetings start tomorrow in DC but other articles have had the primary meetings with senior leadership as happening somewhere between the 7-10th. We should have a better idea by the end of next week. 

[Danishere4news2]

1 hour ago, Danishere4news2 said:

As I have said in other posts here, it sounds like (per numerous articles & the above) they are trying to start the flow of the USD again. They clearly imo are not at the point that we all would like them to be & they are trying to buy more time.

Not sure why someone downvoted my original post but even this article states what I said. "the Iraqi measures in the event of their full application will not lead to stopping the bleeding completely, but will provide Iraq with a reserve of dollars that lasts for a whole year,"

 

I don't pick only happy posts like many gurus....I consider them all & try to weigh the "facts" as I see them.

[screwball]

18 minutes ago, Danishere4news2 said:

reserve of dollars t

forex reserves....

[edbeach]

1 hour ago, screwball said:

why would they try and start the flow when the PM had directed them to pay all accounts in dinar...then theres the articles talking about paying for cars in dinar....they will however when the launch on the forex build Forex reserves like most other countries...iran at one stage had over 100 billion in forex reserves.....forex reserves will give them the cash to also back their currency.....

I think what the PM & his group along with Maliki & his pro-Iranians are still trying to support and send more dollars to Iran . There was article out recently theother day  saying money was still being sent to Iran and they trying to find other ways to support efforts to supple more US dollars to Iran even while getting caught red handed by our Feds & Treasury Depts.This to me seems what they doing while there are articles stating the US dollar been funneled to Iran for years and now our fed is cutting off the dollar.

[JonnyV]

50 minutes ago, Danishere4news2 said:

Not sure why someone downvoted my original post but even this article states what I said. "the Iraqi measures in the event of their full application will not lead to stopping the bleeding completely, but will provide Iraq with a reserve of dollars that lasts for a whole year,"

 

I don't pick only happy posts like many gurus....I consider them all & try to weigh the "facts" as I see them.

 

I didn't do it but probably because they didn’t like the article.  It had nothing to do with you so don’t take it personally

[edbeach]

12 minutes ago, edbeach said:

I think what the PM & his group along with Maliki & his pro-Iranians are still trying to support system" rel="">support and send more dollars to Iran . There was article out recently theother day  saying money was still being sent to Iran and they trying to find other ways to support system" rel="">support efforts to supple more US dollars to Iran even while getting caught red handed by our Feds & Treasury Depts.This to me seems what they doing while there are articles stating the US dollar been funneled to Iran for years and now our fed is cutting off the dollar.

Also don't let this fool you this temp CBI governor al-Alaq is pro-Iranian why do you think the prime minister selected him as the CBI governor. And most of these Banks in the auction are still sending funds to Iran. One article said the Feds have seen they still sending money to Iran plateform showing up on the new plateform. this also another reason why Iraq want to stall the plateform to try figure new way around giving more funds to Iran. I see this PM more concerned over this than the raise of dollar he not care about the Iraqi people as he putting on. JMHO of course

[6ly410]

Biden assures the Sudanese of his country's support for the Iraqi economy

|Number of readings: 420

Biden assures Sudanese of his country's support for Iraq's economy (ninanews-com.translate.goog)

Baghdad /NinaPresident of the United States of America Joe Biden assured Prime Minister Mohammed Shia Sudani of his country's support for the economy of Iraq. Biden's confirmation came in a phone call held by Sudani, on Friday, with US President Joe Biden. In conjunction with a meeting held by a delegation from the Central Bank of Iraq with a delegation from the US Federal Bank, in Istanbul, Turkey, to discuss the issue of the devaluation of the dinar against the dollar and restore the price to its determined value by the Iraqi government.

In a statement, the White House announced a phone call between Biden and Sudani, in which King Abdullah II of Jordan (who is in Washington) participated at's request, during which the three parties discussed the situation in the region.
The White House revealed the content of the call between Biden and Sudani, indicating that the US president assured Sudani of the United States' commitment to help Iraq, discussed with him events in the region, and affirmed Washington's commitment to the Strategic Framework Agreement signed between the two parties.

In the phone call, the US president praised the prime minister's attempts and efforts to strengthen the sovereignty and independence of Iraq.
According to the statement, the two sides touched on the prime minister's economic work program, to ensure an Iraqi economy that serves Iraqis, "and this is a policy supported by the United States."

The US president referred to the upcoming visit of Foreign Minister Fuad Hussein to the United States, next week, which aims to discuss economic issues in Iraq in the first place.
Al-Sudanese and Biden stressed that ISIS will not be allowed to pose a threat to the security of Iraqis, the region and the world again, and agreed to close mutual coordination in the coming months.

The statement issued by the White House referred to King Abdullah II of Jordan's affirmation in the tripartite phone call, of his country's support for Iraq, through joint strategic projects for the reconstruction of Iraq's infrastructure. End3

[southbeach]

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Prime Minister Mohamed Shia Al-Sudani and US President discuss bilateral relations between the two countries by phone US President affirms unwavering support for a stable, secure and sovereign Iraq

[6ly410]

Biden assures Sudanese that he welcomes the visit of the Iraqi delegation to Washington next week

Biden confirms to Sudanese welcome the visit of the Iraqi delegation to Washington next week » Baghdad News Agency Today (baghdadtoday.news)

 

| Policy Today, 12:52 | 

    

 

Baghdad Today - Baghdad

US President Joseph Biden on Friday welcomed Deputy Prime Minister and Foreign Minister Fuad Hussein's visit to Washington next week, noting that it will focus on economic opportunities and cooperation on energy and climate between the two countries.

The media office of the Iraqi Prime Minister said in a statement received by (Baghdad Today), that "Prime Minister Mohammed Shia Al-Sudani received, yesterday evening, a phone call from the President of the United States of America, Joseph Biden," noting that "during the call, they discussed bilateral relations between the two countries, and the development of joint cooperation in many fields."

During the call, the US president affirmed his "unwavering support for a stable, secure and sovereign Iraq, and the two countries' expanded cooperation under the U.S.-Iraq Strategic Framework Agreement," expressing "his desire to support the Sudanese Prime Minister's vision for a more prosperous future for the Iraqi people."

For his part, the Prime Minister thanked President Biden for his "commitment to strengthening and developing the relationship with Iraq in all fields," reiterating "the two countries' common commitment to the lasting defeat of ISIS."

The statement pointed out that "the two sides agreed that the stability of the region depends on the stability of Iraq, and that Iraq should not be used as a springboard to attack its neighbors or the points of presence of advisers to the international coalition against terrorism, who are in the country at the invitation of the government," while noting that "it was agreed to remain in constant contact in the coming months to strengthen close bilateral relations."

The statement concluded that "the Prime Minister and the US President were joined in the call, King Abdullah II bin Al Hussein of Jordan," pointing out that "the three leaders agreed to work together for an Iraq and a region that will enjoy peace, including concrete projects to link and integrate the region to promote prosperity for all and sustain strong brotherly relations."
 

 

[6ly410]

ERBIL, Kurdistan Region - United States President Joe Biden on Thursday spoke to Iraq’s Prime Minister Mohammed Shia’ al-Sudani, reiterating Washington’s support to Baghdad and willingness to endorse the premier’s program to improve the country’s economy.

“The President reaffirmed the U.S. commitment to the Strategic Framework Agreement with Iraq and commended the Prime Minister’s efforts to strengthen Iraq’s sovereignty and independence,” read a statement from the White House.

The Strategic Framework Agreement, which went into effect in 2009, seeks to normalize Baghdad-Washington relations through setting long-term bilateral economic, diplomatic, cultural, and security cooperation.

The readout said that Biden also addressed Sudani’s agenda to boost the Iraqi economy, adding that Washington was prepared to “fully endorse” these policies.

Sudani held the second meeting with officials of Iraq’s financial institutions on Thursday, aimed at controlling the ongoing fluctuation in the dinar-dollar exchange rate.

The exchange rate of one USD reached 1,750 IQD in the currency markets of Iraq and the Kurdistan Region on Thursday, continuing the massive depreciation of the Iraqi currency in recent months.

Yahia Rasool, Sudani’s spokesperson, said on Thursday that the PM held a meeting with some of the country’s top security officials, issuing “strict directives” to resolve the issue of currency smuggling, which has been deemed as one of the reasons for the recent drop in the dinar value.

An Iraqi delegation, headed by Foreign Minister Fuad Hussein, will discuss the unstable dinar-dollar exchange rate with US officials in Washington next week. The visit was welcomed by Biden during the call with Sudani.

In an interview with Rudaw earlier this month, Hussein said that there are many reasons behind the drop in dinar value, among them is the US Federal Bank overlooking the flow of dollars in Iraqi market, which has led to a lower amount of dollars being released into the market by the Iraqi central bank.

In December of 2020, Iraq’s central bank announced devaluing the country’s currency in an effort to combat a national liquidity crisis and bring in much-needed cash to the government’s coffers.

The devaluation of the dinar struck the public hard as government employees get paid in dinar, and they would be able to afford less with their salaries given that many imported goods are paid for in dollars.

[6ly410]

ERBIL (Kurdistan 24) – Yesterday, US President Joe Biden spoke to Iraqi Prime Minister, Mohammed Shia' Al Sudani, on the phone about regional developments. King Abdullah II of Jordan, on an official state visit to Washington, also joined the call at the White House, according to a readout from the White House.

Praising Sudani’s efforts to strengthen Iraq's sovereignty and independence, President Biden reiterated the United States' commitment to the Strategic Framework Agreement with Iraq. 

The US is fully prepared to endorse the Iraqi Prime Minister’s “economic agenda and plans to ensure that Iraq’s economy is delivering for the Iraqi people,” said President Biden.

The US President welcomed the upcoming visit by Iraqi Foreign Minister Fuad Hussein and an accompanying delegation next week to Washington to further discuss these programs, according to the readout.

The two leaders pledged to never again allow the  Islamic State in Iraq and Syria (ISIS) to threaten the Iraqi people and international security.

Both officials agreed to stay in close collaboration over the coming months.

[6ly410]

ERBIL — US President Joe Biden spoke to Iraqi Prime Minister Mohammed Shia' al-Sudani by phone overnight, reiterating US support for the country amid a currency devaluation that has caused a nationwide inflation and market instability.

"The leaders discussed the Prime Minister’s economic agenda and plans to ensure that Iraq’s economy is delivering for the Iraqi people, policies the U.S. is prepared to fully endorse," a White House readout of the call stated.

The President reaffirmed the U.S. commitment to the Strategic Framework Agreement with Iraq and commended the Prime Minister’s efforts to strengthen Iraq’s sovereignty and independence."

The two leaders also spoke about the continued threat Islamic State (IS) remnants pose to global security and "recommitted to ensuring that ISIS can never again threaten the Iraqi people or regional and international security."

Biden also welcomed an upcoming visit to Washington of an Iraqi delegation headed by Foreign Minister Fuad Hussein next week to navigate ways to resolve Iraq's worsening currency crisis. 

Biden and Sudani also" agreed to stay in close collaboration over the coming months."

Iraq is caught up in a currency crisis causing market instability, with the value of its dinar continuing to plummet after the U.S. Treasury and the Federal Reserve Bank of New York "began enforcing tighter controls on international dollar transactions by commercial Iraqi banks in November in a move to curtail money laundering and the illegal siphoning of dollars to Iran and other heavily sanctioned Middle East countries," Wall Street Journal reported in January, citing Iraqi and US officials.

The value of iraqi currency against US dollar is falling rapidly by the day despite reassurances from government officials and taking several measures to restore its value, including by increasing US currency flow to the country's trade bank and central bank.