MILITIAMAN CC NOTES HIGHLIGHTS, 24 SEPT

 MILITIAMAN CC NOTES HIGHLIGHTS

Summary of "Iraqi Dinar News-IRAQ-INTERNATIONALISM NY-2023 to 2029 Road Map - Social- Financial Sustainability"

In this video, the host discusses recent developments surrounding Iraq’s banking sector and its roadmap for financial sustainability from 2023 to 2029. The Central Bank of Iraq has unveiled a strategic plan aimed at enhancing the banking system through adherence to international best practices and improved social and environmental governance standards.

Key Highlights:

• Financial Sustainability Roadmap: The Central Bank, led by Governor Ali Al-Alock, launched a project focused on institutional and social standards vital for the banking sector's development, showcasing Iraq as a pioneer in the region.
• International Collaboration: The Central Bank expressed appreciation for the involvement of international experts, particularly from the International Finance Corporation (IFC), highlighting strong partnerships with institutions such as the World Bank.
• Digital Transformation Initiatives: The Prime Minister, Muhammad Shia Al Sudani, invited the Secretary General of the Organization for Digital Cooperation to foster digital trade in Iraq, signaling significant plans for economic modernization and digital business integration.
• US Financial Relations: The video also mentions a meeting between Iraqi Prime Minister Al-Sudani and the U.S. Deputy Secretary of Treasury, where progress in banking sector reforms and increased international financial connectivity were acknowledged, alongside a notable growth of 6% in Iraq’s non-oil economy.
• Discussion on Currency Reform: The ongoing review of the proposal to remove zeros from the Iraqi Dinar is reiterated, emphasizing that strengthening the currency's value is critical in the face of global economic challenges.
• Abundant Foreign Reserves: The Central Bank boasts substantial foreign reserves capable of covering three months of imports, enhancing financial stability amid efforts to bolster the currency's confidence.
• Future Projections: Overall, there's an optimistic outlook for 2024 as a pivotal year for achievements in Iraq's economy, driven by strategic projects in governance, environmental accountability, and socio-economic development.

The video underscores the essential importance of collaboration, technological advancement, and sustained economic reforms for Iraq's future financial health, while encouraging viewers to follow these developments through engaging with the channel's community.