Iraq: We Pay Our Debts.

[Luigi1]

Here's some more good news out of Iraq.

Sudani thanks the UN, WB & IMF.

Iraq: We pay our debts.

Treat as rumors.  Not verified.  Your opine.

 

 

   

Tlm724 Administrator Bondlady’s Corner:               Sudanese Advisor: The World Bank Plays A Positive And Supportive Role For The Iraqi Economy.

ARTICLE:  The financial advisor to the PM, Mazhar Muhammad Saleh, confirmed today, Wednesday, that the World Bank plays a positive & supportive role for the Iraqi economy & its team in Baghdad represents the advisory arm for the government program.

 

Saleh said, “The WB Group in Iraq launched its new relationship with our country in accordance with what was stipulated in UN Security Council Resolution 1483 in May 2003 & it is undertaking the task of mobilizing financial & technical assistance to support Iraq’s efforts to restore confidence in the economy, build its foundations & reduce the burden of its debt, in cooperation with the Fund.”  IMF.

 

He added, "After years of wars and conflicts that affected the country's infrastructure since the 1980s & Iraq's severance & isolation from the world & multilateral international organizations, the bank contributed by taking its active role after the year 2003, especially in managing a number of development financing funds for the benefit of our country's economy."

 

 

 

FROM OTHER SOURCES:                     Stability In Dollar ER In Baghdad, Basra & Erbil.

ARTICLE:  The exchange rates of the dollar against the dinar witnessed stability this Wednesday morning in Baghdad, Basra & Erbil.    Below is a list of Dollar selling prices:

$100 = 147,200 Dinars in Baghdad  * $100 = 147,300 Dinars in Basra *  $100 = 147,600 Dinars in Erbil.

 

 

 

FROM OTHER SOURCES:                      The Financial Advisor To The PM Reveals The Size Of Iraq's External & Internal Debts.

ARTICLE:  Mazhar Muhammad Salih, the financial & economic advisor to the PM, revealed the size of Iraq's foreign & internal debts, while indicating a government plan to pay them.

 

Saleh told Baghdad Today that Iraq’s external debt is very small & constitutes less than 30% of the country’s gross domestic product & this percentage is less than the standard & safe percentage, which is 60% according to European Union standards. 

 

He explained that Iraq has A plan to repay these debts, the remainder of which is less than $20 billion, approximately one-third of which will be repaid during this year & may decrease significantly over the next few years.”

 

He added that the largest debt is internal & this debt does not pose any risk, as it is within government financial institutions & is not a debt between individuals & the government & about (98%) is debt between the government, government banks, the CBI & the Ministry of Finance,” indicating that “there is a plan To settle these debts in the future in a way that does not constitute any burden.”

 

 

 

FROM OTHER SOURCES:                 The US Ambassador: Benefiting From Kurdistan's Oil Can Help Iraq Towards Energy Independence.

ARTICLE:  The US Ambassador to Iraq, Alina Romanowski, confirmed that benefiting from the Kurdistan Region's oil and gas will help Iraq towards independence in the field of energy.

 

Romanowski said on the X platform: “In preparation for the Sudanese Prime Minister’s visit to the US, I discussed with Federal Oil Minister Hayan Abdul-Ghani Iraq’s independence in the field of energy for the benefit of the Iraqis.”

 

The American ambassador added: "Benefiting from the oil & gas found in the Kurdistan Region of Iraq can help Iraq on its path toward energy independence."

 

It is noteworthy that the Iraqi Ministry of Electricity intends to purchase gas from the Kormor field in Sulaymaniyah Governorate in the Kurdistan Region to meet the needs of production stations “in the northern region.”

 

The financial advisor to the PM pointed out that “the internal debt is estimated at 50 billion Dollars, but it is within the official government financial institution, and the CBI controls approximately (64%) of it,” stressing that “The external debt is the most important & Iraq is committed to paying it. 

[BETTYBOOP]

So they have the money to pay their debts and stand up with their big boy pants on. Hence why EO 13303 was not renewed. Hence why the UST closed the bank account. Next should be full sanctions lifted by the USA. Full sanctions lifted on the 28 Iraqi private banks. Deletion of the zeros moving ahead and new lower denominations issued along with a new rate! Go ! Go! Go!. 💃💥😝💃💃

Edited April 3 by BETTYBOOP

[BETTYBOOP]

Great find !!! @Luigi1

[Luigi1]

6 minutes ago, BETTYBOOP said:

So they have the money to pay their debts and stand up with their big boy pants on. Hence why EO 13303 was not renewed. Hence why the UST closed the bank account. Next should be full sanctions lifted by the USA. Full sanctions lifted on the 28 Iraqi private banks. Deletion of the zeros moving ahead and new lower denominations issued along with a new rate! Go ! Go! Go!. 💃💥😝💃💃

 

Yup.  They will have more than enough to pay their debts 1,000s of times over once they RV.   That could be any day now.

[Luigi1]

Here's another article confirming the above...

 

 

Sandy Ingram:                       DFI Released To Iraq.

ARTICLE:  In a startling development the United States has closed the account through which Iraq collects revenue form its oil sales…the Development Fund for Iraq (DFI).  The DFI…served as a lifeline for Iraq to collect and manage its oil revenues.  Iraq maintained this account with the US Federal Reserve Bank allowing it to receive oil revenues in Dollars and use them to cover essential expenses in accordance with agreements with the United States…With the closure of the DFI account, Iraq’s oil revenue is being directed to a new account, cryptically referred to as Iraq Q2...

[Luigi1]

"We pay our debts"

 

Now only if I can get Iraq to pay my debts.

[Luigi1]

Here's another article of Dinarian interests....

 

 

Breitling:            I Believe.

ARTICLE:  Do I believe in their [Iraq's] business plan?  Absolutely.  Do I know where the value is coming from?  Absolutely.  Artificial inflation...They have more customers & they're selling even more energy.  How can it be at a 10th of a penny?  Nobody can tell me this.  Well Tony they printed too much currency.  Hallelujah, praise Jesus!  Why did they print too much currency?  Why do they have too much currency?  Did somebody tell them to do that?  Was it Abraham Lincoln?  Who was it?  And why are they doing it?  And now you can start putting this together.  It's artificial inflation.  They're selling their energy in the US Dollar and that's what's backing up their currency.  It's a massive opportunity.  But that's the power of inflation.  That's what happened to Iraq & they're going to get out of it...  

 

 

LUIGI's opine:

The PetrolDollar may not be dead, yet.

Both Iraq & Zimbabwe plan to buy massive amounts of Dollars especially after the collapse of the Z note by over 77%, today.

[NWGUY]

Saleh told Baghdad Today that Iraq’s external debt is very small & constitutes less than 30% of the country’s gross domestic product & this percentage is less than the standard & safe percentage, which is 60% according to European Union standards. 

 

 

This is great news for Iraq...they don't owe very much in todays standard.  30% of their domestic product.  That will really put them in a great position, if and when they decide to revalue their currency.   Man...really good stuff today in the news!  

[Luigi1]

5 minutes ago, NWGUY said:

Saleh told Baghdad Today that Iraq’s external debt is very small & constitutes less than 30% of the country’s gross domestic product & this percentage is less than the standard & safe percentage, which is 60% according to European Union standards. 

 

 

This is great news for Iraq...they don't owe very much in todays standard.  30% of their domestic product.  That will really put them in a great position, if and when they decide to revalue their currency.   Man...really good stuff today in the news!  

 

Yup.  Iraq's debts are but a drop in the bucket as compared to the US National Debt.

[Luigi1]

Here's an article related to the above...the news keeps on getting better...

 

 

Goldilocks:             CBI Reduces The Ratio  Of Toxic Loans.

ARTICLE:  Research at the CBI revealed a decrease in the ratio of non-performing loans to total credit.

The Department of Statistics and Research said that the ratio of non-performing loans to total cash credit witnessed a decline, reaching (6.3%) during the year 2023, compared to (7.2%) in 2022, while in 2021 it recorded (8.8%) and in 2020.

It reached (8.9%), and the department added that the ratio of non-performing loans to total deposits for the year 2023 recorded a rate of (3.2%) compared to the last three years, as it was recorded in 2022 (3.4%), while in 2021 it reached (4.9%) while It was (5.2%) in 2020.

The CBI confirms that this percentage is an indicator of the efficiency of the Iraqi banking sector in its endeavor to develop its products and adopt new methods and advanced systems for granting credit & reducing the risks of default in accordance with the contexts followed globally.

[BETTYBOOP]

Well folks we have knocked it out the park today with the news. Let's see what the rest of this week and the weekend brings. Hopefully a whole lot more good news

[cranman]

I think a  LOP with a redomination is imminent. 

 

I mean GO RV/ RI!!!!!!