WOTS WED JUL 21 21
A high-level Iraqi delegation arrives in Washington to resume the strategic dialogue
No My FX Buddies Podcast Today
Wednesday, Alsumaria News publishes the exchange rates of the dollar against the Iraqi dinar in the Iraqi local markets.
The selling price of the dollar reached 148.750 dinars per 100 dollars, while the purchase prices settled at 148.250 dinars per 100 dollars.
Favorite Currencies Forex Quotes
| Symbol | Bid | Ask | High | Low | Open | Change | Time |
|---|---|---|---|---|---|---|---|
| USD/IQD |  1433.8000 |  1484.7000 | 1457.3000 | 1425.8000 | 1425.8000 | 32.0000 | 11:41 |
| USD/VND | 23015.0000 | 23025.0000 | 23011.6800 | 23010.4500 | 23010.4500 | 1.9700 | 01:21 |
| USD/CNY |  6.4702 | 6.4722 | 6.4843 | 6.4692 | 6.4839 | -0.0138 | 05:09 |
| USD/KWD | 0.3005 | 0.3015 | 0.3006 | 0.3005 | 0.3006 | -0.0001 | 04:56 |
| GBP/USD | 1.3627 | 1.3628 | 1.3641 | 1.3591 | 1.3624 | 0.0003 | 05:12 |
| USD/IRR | 42000.0000 | 42210.0000 | 42097.5000 | 42097.5000 | 42097.5000 | 0.0000 | 00:00 |
| USD/IDR | 14536.0000 | 14536.0000 | 14572.0000 | 14524.0000 | 14551.0000 | -14.0000 | 05:11 |
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Headed by the Minister of Foreign Affairs, a high-level Iraqi delegation arrives in Washington to resume the strategic dialogue
this is from Kurdish news
The Iraqi Foreign Ministry announced the arrival of an Iraqi negotiating delegation to the American capital, Washington, to resume the strategic dialogue between the United States and Iraq.
The delegation, headed by Foreign Minister Fouad Hussein, will hold the fourth round of the strategic dialogue, which is scheduled to take place next Monday between Washington and Iraq.
Foreign Ministry spokesman Ahmed Al-Sahaf said in a statement that Foreign Minister Fouad Hussein will head the Iraqi delegation in this round of negotiations, and the US delegation will be headed by Foreign Minister Anthony Blinken.
The Foreign Ministry statement indicated that this round of negotiations comes as a prelude to the dialogue that will be led by Prime Minister Mustafa Al-Kazemi and US President Joe Biden. It is expected that Al-Kazemi will discuss many files, including bilateral relations, the situation in Iraq and the Middle East, as well as the security, military and health file and the Corona pandemic.
Parliamentary Committee: The Iraqi delegation will carry several files during its visit to Washington
Today, Tuesday, the Parliamentary Security and Defense Committee stressed the importance of Prime Minister Mustafa Al-Kazemi’s visit to Washington, while noting that the Iraqi delegation will carry several files including scheduling the withdrawal of US forces.
A member of the Parliamentary Security and Defense Committee, Kateh al-Rikabi, said in a statement to the official agency, followed by the “National News Center”, that “the visit of the Iraqi delegation to Washington comes to complete the strategic dialogue, and there are many outstanding issues between America and Iraq at all levels.”
He pointed out that “the Iraqi delegation will discuss the scheduling of the withdrawal of US forces from Iraq, which is the most important axes of the visit,” noting that “Al-Kazemi’s visit to Washington came at the invitation of President Joe Biden and has many implications in terms of interest in the issue of the withdrawal of US forces.”
He added, “Al-Kazemi will discuss many files, including the bilateral relations between the two parties, in addition to the situation in Iraq and the Middle East, as well as the security, military and health file and the Corona pandemic.”
And earlier today, the spokesman for the Ministry of Foreign Affairs, Ahmed Al-Sahaf, announced today, Tuesday, the arrival of Foreign Minister Fouad Hussein, to the American capital, Washington, to hold a negotiating round that paves the way for dialogue between Prime Minister Mustafa Al-Kazemi and US President Joe Biden.
Al-Kazemi makes a televised call with the President of the European Council
On Tuesday, Prime Minister Mustafa Al-Kadhimi had a televised call with the President of the European Council, Charles Michel. The media office of the Prime Minister’s Office stated that, during the call, they discussed relations between Iraq and the European Union and ways to develop them, and discussed the file of Iraqi refugees and displaced persons, and addressing the problems they face and ways for them to return to their homes after securing the appropriate conditions for that. According to the statement, Al-Kazemi expressed Iraq’s adherence to the approach of the best strategic relations with European countries, developing the level of economic and commercial cooperation with major European companies, and benefiting from the European experience in post-war advancement and presenting it as a model for development, as happened after World War II. He affirmed his aspiration for the European Union to support the reforms undertaken by the government within the framework of the White Paper, which includes financial, economic and institutional reforms, and the major challenges it faces; Because there are many parties affected by it. The call also discussed cooperation with the European Union in efforts to combat corruption and money laundering. For his part, the President of the European Council, Charles Michel, stressed his quest to develop relations with Iraq, and his keenness to establish a real partnership with it, pointing also to the European Council’s support for the parliamentary elections scheduled for next October. Michel praised Iraq’s growing regional role, and indicated that the European Council considers Iraq a primary and preferred partner in the region.
The arrival of the Iraqi Foreign Minister to Washington to hold the fourth session of the strategic dialogue between the two countries
The Iraqi Ministry of Foreign Affairs announced, on Tuesday, the arrival of the Iraqi negotiating delegation to the American capital, Washington, to hold the fourth strategic dialogue session between the two countries, which is scheduled to take place next Friday.
A spokesman for the Iraqi Ministry of Foreign Affairs, Ahmed Al-Sahaf, said in a statement that, " Foreign Minister Fuad Hussein arrived today in the American capital, Washington, at the head of the negotiating delegation to hold the fourth round of strategic dialogue scheduled to take place on July 23 between Iraq and the United States of America.
He added, "The Iraqi delegation will be headed in this round of negotiations by Mr. Fouad Hussein, Minister of Foreign Affairs, and
the US delegation will be led by Foreign Minister Anthony Blinken."
He pointed out that "this round of negotiations comes as a prelude to the dialogue that will be led by His Excellency Prime Minister Mustafa Al-Kazemi on the Iraqi side, and on the American side, US President Joe Biden."
And the White House announced, on Saturday, that President Joe Biden will host Iraqi Prime Minister Mustafa Al-Kazemi at the White House on July 26.
A senior US administration official said, "President Joe Biden will host Iraqi Prime Minister Mustafa Al-Kadhimi at the White House on July 26."
On Thursday, Iraqi Prime Minister Mustafa Al-Kazemi discussed with a US government delegation headed by the White House Coordinator for the Middle East and North Africa Brett McGurk the mechanisms for withdrawing combat forces from Iraq and enhancing its security and sovereignty.
Last month, Washington and Baghdad agreed on a plan that includes specific mechanisms and timings to complete the withdrawal of foreign forces from Iraq.
During the third round of the strategic dialogue between the two countries on the seventh of last April, the two sides also reached an agreement to end the presence of US combat forces, limit the tasks of the remaining units on Iraqi soil to training, and enhance cooperation between the two countries in various fields.
CBI Update: Just a note:
including $0. CASH
ISX Update: HOLIDAYShares Traded: not updated for todayValue Traded: not updated for today
7-20-2021 Newshound Guru Kaperoni [via Zig] ...but again, they have to float the currency first and make it internationally recognized so that they have an alternative to the auctions before they could ever reduce the money supply. I don't expect anything to happen this year because Iraq doesn't pass the laws and create any condition for investors to come in. If you read any of the articles or news coming out of Iraq you will see it is nothing but complaints about how difficult it is to do business with Iraq... [post 2 of 2]
7-20-2021 Newshound Guru Kaperoni [via Zig] There will never be an RV of the Iraqi dinar it's just not how monetary policy works and as I've already mentioned there's too much currency in circulation. In the talk of reducing the money supply, it can't be done because they currently use the auctions to maintain the exchange rate which is a balance between dinar and dollar. The only way they can reduce the money supply is to float the currency and allow it to gradually rise over time, and at the same time they could reduce the currency... [Post 1 of 2....stay tuned]
7-20-2021 Newshound/Intel Guru Mnt Goat Article: "AL-KAZEMI’S ADVISOR: NOT TO RELY ON OIL PRICES BECAUSE THEY ARE UNSTABLE, TO CHANGE THE DOLLAR EXCHANGE RATE AGAINST THE IRAQI DINAR" What I believe Saleh is saying is that they should take the dinar off the de facto peg to the dollar as it is fixed and dependent on oil prices. We know the only way to do this is to reinstate it back on FOREX, put it in a basket of the 5 other currencies and get off the sole peg to the US dollar and then to float it. This way it will not be so subject to oil prices alone. This should have been done years ago...
7-20-2021 Intel Guru Frank26 I see people calling me about bonds. Bonds? What' about bonds? 'Yeah, well you know they're doing them and that means that it's going to happen.' What's going go happen? What does bonds have to do with the Iraqi dinar monetary reform? ...I'm not making fun of anybody but...you have to be careful where you get your information. Some guy called me and say, 'Hey Frank the pay masters just approved the monetary reform.' Pay masters? Of what?!? 'Frank, the GCR is on.' The What?!?! 'Frank, they just signed an NDA.' What?!?! What does a Nondisclosure agreement have to do with any of this?? I'm not trying to make fun of anybody...
7-20-2021 Intel Guru MarkZ [via PDK] We are still seeing solid movement and that makes me feel warm and fuzzy. ...My sources are in a much better frame of mind about where we are then they have ever been…it’s a slow steady rollout…not as fast as we would like…but it is rolling out... hopefully by the weekend we see the release of 800 numbers and links …this is just based on the progress we have seen so far …For those of you following the EID holiday in Iraq – it ends on Friday…There had been a lot of documentation and articles in Iraqi news that they had wanted to get redemption instructions before the holiday…it didn’t happen. But this Friday timing fits with what we are seeing ...and we are watching it closely.
7-20-2021 Newshound Guru Pimpy Article: "Al-Kazemi's advisor: There is no change in the dollar exchange rate" Still talking about the rate change. Why? If you're saying this rate change is not going to happen this year why do you continue to talk about it? That doesn't make no sense. If you're trying to tell us the rate change is supposed to stay the same for the next 3 to 5 years then why are you talking about it? ...obviously it's being talked about between the powers that be. And it's being talked about a lot, to the point that this guy has to keep coming out and saying that it is not happening. So we will see.
7-20-2021 Intel Guru MarkZ [via PDK] [Do you think the RV will happen this month Mark?] I think it will happen this month….but I have been wrong before...
7-20-2021 Newshound Guru Kaperoni ...There's no chance of a significant RV. Too much dinar in circulation. Only with the success of Iraq's economy can the dinar go up in value. Iraq has lots of work to do...Iraq has many laws to pass to create the conditions for investors to come in and rebuild the economy.
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