KTFA – More News, Rumors and Opinions Sunday Evening 4-28-2024



Prime Minister’s Advisor: We will see the dollar fall on the black market soon

4/27/2024   Baghdad

The political advisor to the Prime Minister, Fadi Al-Shammari, confirmed today, Saturday, that the demand for the official dollar has increased, while he expected it to decrease on the black market in the coming period.

Al-Shammari said in a press statement received by Al-Maalouma, that “the classification of financial institutions in Iraq according to World Bank reports is positive, and the Central Bank’s classification is A++ and exceeds the Emirati classification.”

He added, “Iraq wants to join the international banking system, and on this basis the government has taken positive measures in this regard.”

He confirmed, “The increasing percentage of merchants joining the platform rose from 28% to 78%,” noting that “the demand for the official dollar has increased, and we will witness its decline on the black market in the coming period.”

He pointed out that Iraq agreed “with the US Treasury on a road map that includes a third party represented by an international consulting company to audit the procedures of the sanctioned banks, and its decisions are binding on the US Treasury.”   LINK



 Al-Awadi explains the importance of the Prime Minister’s participation in the World Economic Forum in Saudi Arabia

4/27/2024   Baghdad – 

The government spokesman, Bassem Al-Awadi, explained the importance of Prime Minister Muhammad Shiaa Al-Sudani’s expected participation in the World Economic Forum, which will be held on 28-29 in the Saudi capital, Riyadh, while he stressed the government’s work to inform the world of the reality of the situation in Iraq to attract investments and transform the country’s economy from Rent-seeking to the market economy, instead of the blurry image being promoted, revealed a leap in relations between Iraq and Saudi Arabia that raised the volume of trade exchange to unprecedented extents.

Al-Awadi told the Iraqi News Agency (INA): “The Prime Minister’s visit to Saudi Arabia will be to attend the special meeting of the World Economic Forum that will be hosted by Riyadh, which is one of the largest forums and is equivalent in importance to the Davos Forum in Switzerland. The first title of this conference is international cooperation, growth and the energy sector from For development.

He added, “More than a thousand important and influential figures will attend the forum held in Saudi Arabia, including a president, a leader, a political decision-maker, heads of major economic companies, thinkers and opinion makers in the governmental and private sectors around the world.”

He continued, “Therefore, this is a great opportunity for important, high-level meetings for the Prime Minister to be held with world leaders and idea and policy makers in which Iraq’s current image, stability, and openness to investment and great investment opportunities in the country will be clarified. We are a country moving toward stability and need to know ourselves during… The Prime Minister’s visits, which he spoke about in Washington, showed the true picture of Iraq in response to the blurry picture that some media outlets are trying to spread.”

He pointed out, “There is confusion about the Iraqi situation, and many believe that Iraq is unstable and the situation is chaotic, and this is contrary to reality. The true position must be clarified and correct relations with the outside must be built. Officials of brotherly and friendly countries are invited to visit Iraq to get to know its situation closely and in the true form that actually exists.” We tell them to visit Iraq from south to north and see the truth of the situation for yourselves and make sure that Iraq is stable and its doors are open to investment.”

Al-Awadi pointed out that “Iraq needs investments to exploit its wealth, as well as to develop the industrial and agricultural sectors, so that we can move from a rentier economy to a market economy, support the private sector, and provide more jobs in the private sector. During the Prime Minister’s visit to Washington, there was a delegation of businessmen in support of this trend.” .

Regarding the relations between Baghdad and Riyadh, Al-Awadi explained, “Iraqi-Saudi relations are in continuous development and growth, and there was a leap last year under the government of Prime Minister Muhammad Shia’ al-Sudani, as trade exchange between the two countries jumped between one billion to one billion five hundred million dollars last year.” In the years before that, it was limited to $300 million or half a billion dollars.”

He pointed out, “We consider this leap in relations and cooperation a beginning, and the government is keen to expand commercial cooperation and other sectors to broader extents LINK

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26  [Iraq boots-on-the-ground report]   FIREFLY: We know who the crooks are and they’re mad about the concept of floating.  They came out yesterday and they told us if the Iraqi dinar starts to float that would be very dangerous, it would be a bad thing for us Iraqi citizens…I guess this float is extremely serious and very important and something they’re about to tell us because parliament hates it.  They’re a bunch of crooks…

Breitling  When I did the evaluation [of the dinar] it was against countries and currencies that had lopped.  I had the same questions as you guys when I invested.  Where is this going?  How can this work?  I found out the value was in a policy based inflation, they want to add value to it, they injected US dollars into the economy, devalued the dinar.  The
dinar you and I have has nothing to do with hyper-inflation, major market problems or anything like that…Yes, they can add value to currencies that have a lot of zeros behind it.  Iraqi dinar is stable.  They can and are going to add value to it.


There is rumors with the 3-0’s be deleted tomorrow from Forex

Nader:  4-28-2024