More News, Rumors and Opinions Friday PM 12-29--2023
TNT:
Tishwash: Iraq is ranked fourth on the list of countries with the most “foreign investment” momentum
Iraq ranked fourth among the “10” countries with the highest growth in “foreign investment momentum” until 2024, with a growth rate in expenditures of more than 370% from 2021 until the end of 2023. According to a report by the “FDI” website concerned with foreign investment in the world, many economies enjoyed strong investment momentum until 2024.
It showed that the performance of the Asian continent was particularly good, as 6 out of 10 countries were Asian countries.
The ranking of the ten countries with the most momentum in foreign investment until 2024 is as follows:
1- Cambodia 2- The Philippines 3- Kenya 4- Iraq 5- Namibia 6- Kazakhstan 7- Azerbaijan 8- Morocco 9- Serbia 10- India The Foreign Direct Investment
Momentum Index score in Iraq was about “86” points out of 100.
The GDP growth in 2024 reached 2.90%, and inflation reached 3.60%. The growth in capital expenditures for foreign direct investment between 2021 and 2023 reached more than 370%. The growth in foreign direct investment projects between 2021 and 2023 reached about 95%. link
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Tishwash: Iraqi PM Says Baghdad Is ‘Heading Towards’ Ending the US Military Presence in the Country
Mohammed al-Sudani and his government are unhappy with the US for launching airstrikes in Iraq
Iraqi Prime Minister Mohammed Shia al-Sudani said his government is “heading towards” ending the presence of international forces in Iraq, which includes about 2,500 US troops, the largest foreign contingent.
Al-Sudani’s comments came after his government strongly condemned several rounds of US airstrikes in Iraq as a violation of sovereignty and a hostile act. In the latest strikes, the US said it targeted the Shia militia Kataib Hezbollah in retaliation for an attack on a US base, but al-Sudani’s government said civilians were also wounded in the US bombing.
“We are in the process of rearranging the relationship with the international coalition, as in light of the presence of capable Iraqi forces, the Iraqi government is moving towards ending the presence of the international coalition forces,” al-Sudani said at a press conference with Spanish Prime Minister Pedro Sanchez.
Spain has 300 troops stationed in Iraq as part of the US-led anti-ISIS coalition. “My country, always at the request of the Iraqi authorities, will support the unity, sovereignty and stability of Iraq,” Sanchez said at the press conference.
Al-Sudani first came into office at the end of 2022 and made his first public comments on US troops in Iraq in 2023, when he expressed support for the presence of foreign forces. But he’s been under increasing pressure to get them out, especially now as Iraq has become a battleground between Shia militias and the US due to President BIden’s full-throated support for Israel’s Gaza onslaught.
The US has been resisting Iraqi efforts to expel its forces from the country since 2020 when a US drone strike in Baghdad killed Iranian Gen. Qasem Soleimani and Iraqi militia leader Abu Mahdi al-Muhandis. In the wake of the killings, Iraq’s parliament voted to expel foreign forces, but the US refused to leave. The US formally changed its presence in Iraq from a combat role to an advisory one in December 2021, but it did not withdraw any troops at the time.
If al-Sudani tries to expel foreign forces from his country, Washington could make things difficult for him. The US has leverage over Iraq because, since the 2003 invasion, the country’s foreign reserves have been held by the US Federal Reserve, giving Washington control over Baghdad’s dollar supply and the ability to devalue the Iraqi dinar. The US also keeps tight control over Iraq’s ability to pay its neighbor Iran for much-needed electricity . link
Courtesy of Dinar Guru: https://www.dinarguru.com/
Walkingstick The blackmarket rate verse the official rate is off by only 10%. They have made great strides with the monetary reform. It has been accomplished. It is done. It is in position to be freed up.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Financial expert on TV saying there will be changes to the value to the Iraqi dinar after the new year. FRANK: The CBI, without any fear, without pulling any punches back, they flat out tell you the beginning for next year your currency will have value added to it. Of course, because you won't be able to use any other currency in your country. Therefore the sanctioned, punished program, used toilet paper rate of your 3-zero notes is going away...You are about to be a powerful linchpin in the financial theater of this world. Iraq is about to change as quickly as darkness turns into light. Get ready, you are about to walk with elegance and grace once again.
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Gold, Silver, And Commodities Exposure... IMPORTANT UPDATES. 2024 AND BEYOND.
Greg Mannarino: 12-29-2023