US State Department spokesman Matthew Miller announced that Secretary of State Anthony Blinken expressed, during his meeting with the Prime Minister of the Kurdistan Regional Government, his support for “constructive cooperation” between the Iraqi government and the Kurdistan Regional Government.
He described the relations between the two sides as “unique in the region” in many ways, noting that the Kurdistan Regional Government was “an important partner for stability in the region.”
Miller stressed the importance of the American partnership with the Kurdistan region of Iraq. In the context of their enduring mutual commitment to regional security and their shared values, including good governance and respect for human rights. Minister Blinken expressed his support for constructive cooperation between the Iraqi government and the Kurdistan Regional Government, in addition to strengthening unity within the Kurdistan Region of Iraq to enhance stability and economic prosperity for all Iraqi people. This is not the first time the Minister has met the Prime Minister, as we have held meetings in other contexts. Regarding the timing of the meeting. There was nothing else on the topic and we wanted to continue the conversation.
The market will definitely tell you a change is coming to the exchange rate. These are the reasons why it was so important to know what to look for next. The market can carry a dual rate. It should not but it does. It carries both rates at one time. One that is official and the one that is not. This dual pricing in the market for them to collect even more 3 zero notes. But they surpassed this goal. There is no need for a dual pricing in the market because they got a whole lot of dinars to return back...
IMO the monetary exchange rate has been monitored to deal with internal inflation in the country of Iraq. The RV phase of the monetary reform brought forth all the calculations in order to succeed with the citizens first...Therefore when they reprice the market in Iraq get excited.
"BANK STORIES" BY WALKINGSTICK & FROG VIA BEARDED PATRIOTUSA, 25 FEB
WALKINGSTICK
[Mr. IT Guy Bank Story]
My brother asked [JP Morgan Wealth Manager] whether he could bypass the US dollar and exchange straight from the IQD to gold and silver and the private banker said he didn't know but he would find out and call him back.
MILITIA MAN: My understanding is that is possible...I have been told some time ago by more than one source that if the currency is traded on the FX...an international acceptable foreign exchange currency...they'll take that currency in exchange for precious metals.
My wife and I...were looking for a Chase branch that had JP Morgan Wealth Management printed on the door as well as Chase...I'm in a large metropolitan area...We found one near us...My brother took it upon himself to call the branch yesterday. He specifically asked for a private banker...My brother asked him if they exchange foreign currencies and if he was aware of the Iraqi revalue of their currency.
The private banker said yes he was and that they would be exchanging at that location...and names and numbers he's taking will get priority over anybody else that calls or walks in after the revalue..
As soon as it hits Forex he's going to start making phone calls...He told my brother they were expecting a number of people to be coming in and were preparing for that, a bunch of new people with wealth is...exactly what he told my brother...They're planning on having police officers available at the location for those customs that are planning on leaving the establishment with large sums of cash...
MILITIA MAN: ...Is it a coincidence that this expert came out tonight and talked about deletion of the zeros? We're going to find out. It's pretty interesting stuff.
Mawazine News – Baghdad The Finance Committee in the House of Representatives announced today, Wednesday, the proximity of three of its final stages of legislation to develop the financial system and banking institutions in Iraq, while it submitted 7 proposals for the development of the Iraqi banking system. The Chairman of the Committee, Atwan Al-Atwan, said during the annual conference on Finance and Banking Services, which was held on the grounds of the Baghdad International Fair, “the conference is an important opportunity to discuss files and issues of high importance, and to hold future financial and economic partnerships between Iraqi banks and companies with their counterparts in neighboring countries and the world.”
He added, “The banking system is one of the main tools for the process of economic growth of any country, given its effective role in stabilizing the financial system in general and achieving growth in particular, by financing productive projects as a link between investors and depositors.” He continued, “As well as by transferring money from people who own it and do not have an opportunity to the people who need it and have investment opportunities, thus contributing effectively to raising the level of economic activity, achieving economic growth and easing and addressing economic problems, until banks have become indispensable institutions in any economic system.”
He pointed out that “the Iraqi economy suffers from many problems, so it is necessary to go to the banking sector, to achieve economic growth of productive projects in the private sector, in order to alleviate and address economic problems, especially the problem of financial deficit in the budget, through the use of financial tools in order to achieve economic and social goals.”
He pointed out that “local public and private banks have a long history and a prestigious position, but unfortunately, during the era of the early regime, these financial institutions were subjected to a decline in their capabilities, due to the wrong policies that negatively affected the level of their services, and their interruption from the progress of the global banking industry.” He went on to say: “Wars and siege are the hanger on which the wrongding regime has suspended its mistakes for the purpose of justifying them, which put our local banks in complete isolation from openness and cooperation with Arab and foreign banks.” Al-Atwani explained that “the goal we seek today is how we can achieve a qualitative leap in the development of our banking services, in order to ensure that it is caught up with developed countries in this field,” pointing out that “this mission requires a high national effort from our concerned institutions, by the relevant authorities and open to external banking developments.” Al-Atwani presented a number of development proposals, which are: First: Providing the banking institution with efficient financial and technical staff and ensuring the development of its skills and capabilities by involving them in training courses outside Iraq and training it on modern methods of banking dealing and completing banking transactions in modern ways while training them on the use of advanced technical devices. Second: Equipping banks and banks with advanced modern devices in all fields and financial activities, and introducing an ATM service in all branches to ensure disbursement with ease and ease for all account holders. Third: Establishing quality measurement centers in all banks and activating their role in receiving development ideas and opinions, while honoring the owners of those ideas that are proven in the practical fields and their results reflected positively on the development of the performance of banks in order to evaluate the innovators and urge them to present other creative ideas that achieve a comprehensive risevival in all banks and refineries. Fourth: Opening the horizons of cooperation and coordination between Arab and international banks and banks, for the purpose of benefiting from the experiences of those financial institutions that preceded us in developing, achieving qualitative leaps in the performance of our banks and reducing the time factor to ensure that we join the advanced ranks of the regional and international banking industry. Fifth: Encouraging scientific studies and research aimed at developing outstanding performance in our financial institutions and ensuring the transformation of those recommendations, studies and research from their theoretical reality into a concrete practical reality that reflects positively on economic, commercial and future developments. Sixth: Studying the possibility of opening branches for local Iraqi banks, for the purpose of expanding the circle of banking activity, providing the best services and attracting more customers from banks as a means of attracting capital. Seventh: Approving the basic principles of using interest to ensure increased deposits as well as giving the process the integrity of the national currency from counterfeiting, and addressing issues related to money laundering in order to preserve the value of the national currency, and the economic interests of the country. He pointed to “the efforts of the executive and legislative authorities at the moment in developing the financial system and banking institutions through their quest to complete and legislate the relevant laws, which have reached their final stages, which are first: the draft securities and commodities law, which seeks to regulate the work of financial markets and commodities and control trading operations in cash and commodities in a way that enhances economic activity, strengthens the investment environment and encourage the process of capital formation.” He continued, “The second project is the law of the Center for Banking Studies, which aims to develop the scientific work of banking work, and raise the level of technical and professional performance in the banking system, and the third project is the Islamic Investment Sukuk Law, which aims to create and diversify investment tools in the Iraqi financial market and enable Islamic banks and Islamic financial companies to contribute to the development of economic projects.”
Everything we've been seeing in the news...is quite intense in respect to a lot of the things we've been talking about... Article: "Iraq's Minister of Trade: We seek to join the World Trade Organization and expand our economic relations with the world" That's pretty bold. Quote: "...Iraq is now able to enter the global trade market through the organization on a large scale." There you have it...That is a massive quote.
Article quote: "Deleting the zeros...does not conflict with its value but needs educational campaigns to proceed it and a traditional period for trading the currency with zeros and the new currency to know the two currencies are equal in value." If they are going to be equal in value...a dinar is a dinar is a dinar. A dollar is a dollar. When it comes to an international stage a dinar is not a dollar, nor is a dollar a British pound or a Japanese yen. There's a difference in value. Are they one of each? Of course they are...But are they valued the same? Absolutely not...
They're talking about deleting the zeros again...We're not talking 1, 2 or three articles...
Article quote: "The issue of deleting the zeros and splinting the dinar has become a topic that causes a lot of reflection and controversy in economic circles..."
If you go from 1310 to something back to a 'previous era'...is a big move ...Article quote: "When this is done correctly we can expect...a strong dinar that is considered a store of value and perhaps even stronger than the dinar that was before 1980."
Iraq is going to explode with growth. We all know that...You're going to provide thousands and thousands of jobs and build 10 industrial cities, millions of homes...it creates a lot of growth. It creates a lot of jobs...
Al-Rasheed Bank announced, on Wednesday, the launch of the deposit and transfer service on electronic cards.
A statement of the bank, seen by “Economy News”, said that “in line with the directives of the government and in implementation of the government program, Al-Rasheed Bank announces the launch of the electronic payment card deposit and transfer service from (Nakheel).”
He added that “all Al-Rasheed Bank card holders from the bank’s employees, state departments, security forces and retirees can make deposits and withdrawals in the electronic card,” specifying “a number of its branches to receive all those wishing to deposit.”
Vietnam is showing trading statistics that indicate a self-sustaining economy that is growing, and even has, greater potential going forward. At this point, Vietnam is showing momentum. When a country starts to show a trade surplus, it indicates that a demand for a country's goods and currency is in higher demand. Thus, creating the need for an increase in a country's currency value.
Article quote: “Iraq is participating for the first time since 2004 in the Ministerial Conference of the World Trade Organization, which is held in... The capital, Abu Dhabi,” Iraq is currently participating in the World Trade Organization.
Their potential membership is moving forward. As a full member of the WTO, they will need a rate to fully participate in this inclusion.
This is truly a monumental achievement for Iraq and something the world has been waiting for for a long time. ...There are high expectations that full acceptance into the WTO for Iraq will happen during this meeting taking place...
Parliament Agrees With The European Union To Open Various Factories In Iraq
Reconstruction and building Economy News – Baghdad Today, Tuesday, the Parliamentary Investment and Development Committee announced its agreement with the European Union Ambassador Thomas Seiler to introduce European companies to the market and open various factories, while the ambassador confirmed that the Reconstruction and Development Bank will soon work in Iraq.
The head of the committee, Hassan Al-Khafaji, said in a press conference held in the House of Representatives with the participation of the European Union ambassador, that “the committee hosted the European Union ambassador to discuss a number of files related to new legislation,” noting that “it was agreed to cooperate and work together to combat corruption, introduce European companies into the Iraqi local market, and exchange experiences.”
"Economic and commercial, opening new European factories in Iraq and refining the capabilities of Iraqi competencies in various fields."
He continued: “We asked the European side to open a permanent office and headquarters inside Iraq, since it has no headquarters except inside the British Embassy,” explaining, “We asked to open banking branches in Iraq that finance industrial and investment projects while providing full support from the government and the House of Representatives in the fields of reconstruction and investment.” And loans.”
He stated, “There are currently joint projects in Baghdad, Babylon, and Holy Karbala, where the European Union is interested in infrastructure,” pointing out, “We have requested funding for many projects, especially with Iraq’s accession to the International Arbitration Organization and the vote on the partnership law between the private and public sectors, which allows companies "For foreigners to enter and work in Iraq and participate with the private sector for reconstruction and building a new Iraq."
He stressed that "it was agreed on unified action to bring in solid companies similar to companies operating in the Middle East and international companies that contributed to building Iraq's factories during the eighties and seventies."
For his part, the European Union Ambassador to Iraq, Thomas Seiler, said during the conference: “We held a meeting with the Parliamentary Investment and Development Committee in our capacity as the European Union delegation, as one of the outcomes we came up with is that the European Union must make more efforts for European companies to invest in Iraq, and we must “Work together to provide the conditions that enable Europe to invest more in Iraq,” explaining that “the legislative necessities were discussed in order to achieve economic stability in Iraq as well as investment stability, and these are steps that must be taken by Parliament.”
He stated that "there are many laws that support this aspect, including the investment law, the partnership law between the public sector and the private sector, and other laws," explaining that "this is part of the government's approach to combat corruption and support investment and the economy."
He stated: “Today we discussed many issues and many details, and this is part of Europe’s interest in the stability of Iraq, as we see that Iraq can play an important central role in the region politically and economically,” pointing to “the necessity of developing the European Union’s investment programs, especially the financial and banking institutions, which are the Bank.”
The European Union for Reconstruction and Development, which we expect will soon come to work in Iraq, as well as the European Investment Bank, which is concerned with providing loans and expertise to support infrastructure projects, but we have committed ourselves to working in this aspect for the benefit of the Iraqi citizen, and we will cooperate with local authorities to achieve this.”
Back in 2005 Dr Shabibi said 'We aspire to bring the IQD back to the glory days of the 80's and 90's' Article: "The dinar and its three zeros - is it time to symak the dinar and return to the dinar 1980?" Dr. Shabibi, it's done.
Article: "Does deleting the currency’s zeros affect its value? An economist explains"
THE CBI IS SENDING TRUSTED ECONOMISTS TO EXPLAIN THE MONETARY REFORM EDUCATION OF DELETING THE ZEROS FROM THE EXCHANGE RATE! IMO they're about to give the citizens a new exchange rate with new lower notes to match...They already told them that process will then take that exchange rate, which will be at least 1 to 1 but I think is going to be higher, to float in the basket internationally.
Article: "The dinar and its three zeros - is it time to symak the dinar and return to the dinar 1980" IMO [symak means make]
What's so big about 1980?
So you want to return the dinar to the 1980's? By 1971, '72, '73, the Iraqi dinar on the international market was $3.778. Then...it was reduced on purpose to $3.2169 in 1980.
Iraq is one step ahead of us. The Iraqi citizens...are already taking their 3-zero notes and taking them to the bank and opening accounts because they know the monetary reform has educated them...All of a sudden bank accounts just exploded in Iraqi banks...
The Reality Of Imposing New US Sanctions On Private Iraqi Banks
Economy News – Baghdad An informed source denied reports of new sanctions being imposed on some private banks.
The source, who preferred to remain anonymous, told Al-Eqtisad News that there is no truth to the reports that the US Treasury has recently imposed sanctions on some private banks.
He stressed that a number of banks were prohibited from dealing in the dollar currency, which the Central Bank announced months ago. 225 views 02/27/2024 - https://economy-news.net/content.php?id=40908
Welcome everybody to the big call tonight. It is Tuesday, February 27TH and you're listening to the big call. Welcome everybody all around the globe, wherever you are, Thank you Sat team for making the show available to as many as 198 or 199 countries all around the globe, we're very thankful for that. So, before we get started on the call, we like to pray the call in.
I don't know how many more calls we're gonna have – we may have a call Thursday we may not – we’ll see - but I can tell you as we jump into the Intel portion of the call - Oh boy, I got some intel 10 minutes before the big call started tonight. But I think we'll clarify our position right now and where we are and where we're going with this.
First of all, when we go back, we always like to retract a little bit just like Bob said - You know, it's five days between Thursday nights call and Tuesday, and a lot of stuff can transition in those 5 days.
We don't always bring it all up. But we know for example, that the banks were clearing their books. Banks were clearing their books of their USD in the banks that started Saturday afternoon and then went through Sunday and supposedly finish yesterday late afternoon.
The clearing of the books is in preparation for the USN to go in. Now all of our accounts have been mirrored on the quantum financial system, meaning they see them there - they're there. Everything's cool. and we will transition to the US N designation on our accounts. And it's no big deal. You go from USD to the USN? Well actually it is a big deal because we're going to an asset backed currency.
And I don't know when they're going to announce that it should be a part of NESARA – which this should transition and take place. From Friday – rather Thursday 29th into Friday, the first of March.
Okay, so, however that happens when we get an announcement on it. We don't get to whatever happens on that USN. that's when we're supposed to see something. And also, what we have heard is that the USTN which is our physical, new money - United States Treasury note - that USTN is supposed to be We've heard in the ATM machines on Thursday the 29th. Now, we'll see if that happens - here in the US. We'll see if that happens.
That would be a major change to see the new money in the ATMs. We'll see what happens guys this. this information is what I've received over the last couple of days. And as you guys know, this target sometimes moves on us, and sometimes we get a change in dates for things that happen. All right.
For example - We heard there was supposed to be a major announcement made today - it looks like it's been deferred to tomorrow afternoon. We'll see what how that looks what that looks like.
We know they're in preparation for our new money USTN our new digital designation of USN on our accounts. And I think we should get something on that - Certainly by the weekend, and what we're hearing is that everything is supposed to be visible for us and everything is supposed to roll out to us on Friday, the first of March.
Now that means we could get our notifications Thursday, which is the 29th of February.
But it looks like we're going to get started with the rollout of everything coming in to the bondholders receive their funds for us to get our exchanges and redemption of Zim started on the first of March
Now we had heard Wednesday to Thursday, Wednesday, notifications, Thursday started exchanges. I think we got pushed another day. I think -- we'll see. So this is kind of a one day at a time timeframe that we're in right now. Watch, Watch what actually happens.
Speaking of which there is a two hour conference call scheduled between all the banks and redemption centers across the country.
It may include Canada, and it may include Mexico. I'm not sure of that - I should have gotten a better definition on it. but this call was supposed to start probably around noon tomorrow, which is Wednesday. and it should conclude before 2:30 In the afternoon. I don't know if that means there's an announcement coming out at 2:30.
I don't know if you know what is referring to, but we probably won't know anything more about that until tomorrow afternoon. And we're not going to have a call obviously until Thursday, if we have a call Thursday. So we will see what happens with that information
Let's go over to Iraq.
Iraq, we're hearing is going to start paying all of their salaries in the country on the first of March, which is Friday. They're high holy day - that that's when they're gonna set all that out march 1. Alright, so that's something we know that's good.
And like I said, the latest timeframe that changed 10 minutes before they call started tonight. Information I got said it look like we're gonna get our notifications maybe Thursday, but start exchange on first of March, which is Friday
And we just we just know some of the limited schedules that have that some of the smaller redemption centers that don't have that many zim holders are scheduled for Thursday, Friday, Saturday, skipped Sunday, resume Monday, Tuesday, Wednesday. That's only six days.
Now, obviously that also is subject to change - all the redemption centers in larger markets - This was a small market I’m referring to - or do but in larger markets, especially in Florida. and Texas. and which are the bigger Zim holder states – California
But those states probably in most of the larger markets like like Orlando, like Miami, Tampa some of these other places are going to have they're going to have I mean Orlando and Tampa are gonna have 24 hour a day exchange centers open 24 -- 24/7 for at least two weeks, maybe two weeks. I can get a lot of people if you have 30 minute appointments, and you go around the clock.
So that's a little different, that and Texas – Houston - in Dallas Fort Worth area are also set up for 24 hour redemption centers. So those are the anomalies. There may be some other areas of the country that will also see extended hours till 11 - 11 30 at night, starting maybe at seven, six and seven in the morning. You know, it's hard to say they're all going to be a little bit different - but I'm glad that that they looked at that and I'm curious, obviously I'm very curious about this conference call tomorrow.
And I know one little subject that they're going to talk about is Zimbabwe – don’t know what it is. Maybe it's just a refresher. So everybody knows the importance of the zim -, how valuable it really is. I have a I have an idea what I think its about but I'm not going to talk about it. I
think it's really going to be amazing. And we've heard again and again. The rates on these currencies have been and are going to blow us away really good that we're excited about that.
Let's see what else I want to talk about. Oh, by the way, I think our start exchanges should be Friday the first, but the R&R we talked about that moving - yes it's also moved into at least the second week of March.
That sounds about right. proximately the second week in March, The R&R is a big deal and it's really a big deal for a lot of people that really weren't part of the exchanges or the zim or the redemption of Zim.
The other thing is the increase in Social Security passed in a bill in Congress was passed in $2,041 with increases to social security and that would be 2041 - on top of what you're getting now.
So that could be significant. And it's supposed to not to exceed, I think it was $4,955 something in that range. But that's a significant amount to have a $2,041 increase in Social Security starting in the month of March.
Now that's the latest information on it. That's as of yesterday. Let's see if that holds up. Let's see if it starts on our regular Social Security Wednesday's first, second, third and fourth week of the month is when they, when they hit. But really the r&r is gonna help a lot of people .
That's gonna be pretty amazing. I can't talk about the numbers on that. because it's really, First of all, they've changed. They have a way of changing that formula every time we turn around. So I'm just gonna say it's gonna be really good.
Now, it's not gonna mean as much to those of us who have currencies and they're going through and redemption, but think of the people that are not in this and don't have a currency and what they might be looking at. It's going to be pretty strong. let me tell you, very strong.
So we have that to look forward to. - which is great not only for ourselves, but for the people that don't that don't have foreign currencies to exchange.
Everything is moving in the right direction. I really hoped that we could get notifications today or tomorrow. it looks like more like Thursday right now. That’s the latest
And it looks like they couldn't manifest for us on Friday. Well to get notified Thursday, The last day of this month. and 29th and set appointments for Friday the first of March.
So that is really all the information that I can think of right now that we needed to talk about tonight. I think you guys understand that this thing by now has morphed and changed and and move from one day to the next and I’m not trying to give you a feeling of oh, every, every time we talk it’s tomorrow –
I'm not trying to do that. I didn't do that last Thursday with you. Because we thought things were going to manifest for us in the last two or three days of this month. And based on what happens in this conference call tomorrow – we’ll see
Let's say NESARA is supposed to start on around the first of March, and that I mean - some kind of announcement about it. Now maybe we got the announcement before the first. Maybe that's announcement tomorrow. Maybe the USN is announced tomorrow. Maybe the new currency the USTN is announced tomorrow maybe not - I don't know
they're supposed to be a major announcement made today and that was pushed - So maybe everything I don't know guys this is just getting harder and harder to know when we're going to get those announcements. But the NESARA is so big - That includes so many parts.
They've got to get started on that and let us know what the heck is going on with it. Because in the NESARA and GESARA are supposed to start at approximately the same time. And I think they will.
I think it's great that Iraq is paying all of their salary salaries. Starting Friday, March 1. Okay, good. Let's see if we get to do something like that here. But we'll see what happens.
And this is a question mark. So you don't put any money out until till Monday. The fourth, but let's see if it happens. Let's see if we get notifications Thursday. or we go If we go Friday.
And there'll be super surprised if we don't get notified till Friday.
I think we're planning to do it Thursday. But you know what? They could do it Friday. We'll get started Friday. So let's see what happens guys. This is a this is always something that we just don't I don't really want to tell. but it's amazing. like I say what I can onthe big. nobody stops me. nobody wants me to stop – just doing what I'm doing.
And by the certain people are recommending that you go to a certain bank. I think that might be because they have a tie in with that bank - I'd recommend that you use the 800 number that comes to you and your email and that you call your appointment for the redemption center that's closest to you by using your zip code there then when you're making the phone call
The reason is because the highest rates on all currencies and the zim will be at the redemption centers. not at the banks – cause I know we've got the rates that the bank screens are showing - front and back - and we get the rates on the redemption center screens –
if you will do your self justice - and they are only redeeming the zim at the redemption center - So if you're Zim holder, that's a no brainer. And even after the redemption close anybody that has any Zim that was caught, Let's say a monsoon somewhere they didn't know this was going on. They they only have one bank that they can go to and that's Wells Fargo. That's after the redemption centers are closed - centers are going to be opened in most cases, at least 12 to 14 days.
Short because they don't have any zim holders to speak of not many in their area. They don't have that many and I'm excited and I'm so excited about getting this thing started. Like you guys are
I know you are already started. Hopefully everything comes through on Thursday with with our emails and then we go into their appointments starting Friday the first of March. Keep an eye out - I can't say for sure that USTN currency then there's the ATM’s. on Thursday.. Maybe it'll transition on the first we'll see
We are supposed to get the transition to the new US N on the first of March. The other thing we're supposed to get is certain banks and there are some - none of our tier one bank that we know this does not apply to Wells Fargo. Chase – Citi - Bank of America - truist - bank Banco Santander, or Santander Bank.
Those tier one banks are totally Basel three compliant and ready to go. There are some that call themselves tier one might be tier one or tier two banks - they're not Basel three compliant yet, but they're they have until the first march 1 Friday. to get there.
They're not there. By Friday, the first they probably will shutter their doors. - so they better get their act together and get us to Basel three compliant now.
So that's what I wanted to bring to you guys tonight.
Thank you for listening and thank you sat team for getting the call out to so many countries as you have
been thinking that that thing And Thank you Sue and Bob my co hosts on the big call - gosh nine and a half years now for Bob. And over nine years I think for Sue. And so it's really been great, and you know guys I don't know. I don't know if we're gonna have a call Thursday or not - I don't know. But if this is our last call - Thank you for listening. We'll take you over the threshold. And we'll be in touch with you on the projects that were talked about .
After this -whatever it starts, guys, wherever it goes. Maybe we'll be here Thursday night we call maybe we will we're just going to have to wait But I appreciate all we need and appreciate everybody that has to bid for some of us 13 years now. Some of you caught me as a moderator on another call. I started 13 years ago. So you know, thank you so much, everybody for listening. Let's pray the call out before I come up with something else to say,jus.
AL-FATLAWI CALLS FOR NOT RELYING ON AMERICA IN THE FIELD OF ARMAMENT
Information / Baghdad…
A member of the Fatah Alliance, Ali Al-Fatlawi, Thursday, Iraq’s lack of need for the American side to supply weapons, pointing out that there are many countries that seek to provide it with weapons.
“The armament file is one of the priorities for the security services, and there are many countries that are trying to satisfy Iraq and establish strong relations with it by opening outlets to buy weapons and provide the country with what it needs instead of relying on the American occupier,” al-Fatlawi told Al-Maalouma.
He pointed out that “the interest of the country necessitates everyone to stand towards the removal of US forces from Iraq, to achieve the autonomy of the country and not to compromise on it.”
The Minister of Commerce discusses in Abu Dhabi with the World Trade Organization the completion of procedures for Iraq to join the organization
Tuesday 27, February 2024 | Economical Number of readings: 168 Baghdad / NINA / The Minister of Commerce, Atheer Al-Ghurairi, met in Abu Dhabi with Assistant Director-General of the World Trade Organization, Zunk Shank Shank, and discussed with him the completion of Iraq’s procedures to complete the required files, support reforms and legislation to be consistent with the market system, and strengthen the country’s economic capabilities to complete the requirements of the next stage of the accession process.
The Minister stressed in a statement, “the keenness of the working group on accession to continue by strengthening cooperation with the organization’s accession department and the head of the working group, Saudi Ambassador Saqr al-Muqbel, whose recent visit to Iraq provided great support for the efforts and steps taken by the national committee concerned with accession, which he chaired, to complete all requirements in a way that achieves Iraq's integration into the multilateral trading system.
During the meeting, the minister stressed "the hope that the efforts of the organization's working group will focus on supporting the accession of important countries, including Iraq."
Al-Ghurairi continued, "The Iraqi government, within its government program and the measures it took to raise the level of draft laws and support the role of the private sector, recorded international signals of its endeavor and eagerness to return to the economic system due to its geographical and economic importance in the region."
For his part, the Assistant Director General of the organization confirmed, “The organization is looking forward to and following the steps for Iraq’s accession carefully, given that Iraq is one of the important and powerful economies that is still outside the organization, and that Iraq’s presence within the organization’s membership will be a great added value to the organization and to the global economy.”
He praised the advanced stages accomplished by the Ministry of Commerce in terms of completing and submitting the technical files on goods and services in trade, which will speed up the holding of the third round of negotiations, wishing for the continuity and continuity of momentum and work to complete the requirements for accession, amend the required laws and legislation, and complete the technical files within their specified timing, as the team will present We support him to complete his journey to join and we celebrate him in the next ministerial meeting of the organization.”/End H
They are on call to be at their station within 45 minutes and all have had extensive training
Folks while nobody in our level knows when but the assurances I am being given indicates we are closer than ever.
"RV UPDATE" BY TEXAS SNAKE VIA TELEGRAM CHAT, 24 FEB
TEXAS SNAKE
Like all of us we await some word and at this point my banker like us is awaiting some updates as we await but he does indicate we should be close based upon what has been shared thus far.
"RV UPDATE" BY TEXAS SNAKE, 22 FEB
“Word is trickling in that ATMs are being loaded with the new rainbow currency and then being placed out of service until all machines are loaded. …According to some sources, Bond Holder payments begin to be processing Wed. 21 Feb. …
I was on a call that was most positive and is affirming we stand at the threshold of scheduling/ exchanging currencies. They do not have rates or exactly when the announcement will be made but it could be as early as the next couple of days.”
Parliamentary Finance calls on banks to open branches outside Iraq
The head of the Parliamentary Finance Committee, Atwan Al-Atwani, presented eight proposals to develop banking services for Iraqi banks, while calling on banks to open branches outside Iraq and finance investment opportunities.
Al-Atwani said, during the “Finance and Banking Services” conference, which was attended by the “Al-Iqtisad News” correspondent, “We must turn to the banking sector, to address the problems of the Iraqi economy, by financing productive projects and using financial tools to finance the budget deficit.”
Al-Atwani stressed the need for banks to finance investment opportunities, which contributes to the growth of the economy and turns them into indispensable institutions.
The Chairman of the Parliamentary Finance Committee warned that Iraqi banks have a long history and a prominent position, but they were subjected to the wrong policies of the previous regime, which led to their curtailment.
Al-Atwani proposed 8 points for developing banking work, which are: 1- Providing banking institutions with efficient financial and technical staff, and ensuring the development and qualification of their tools and capabilities by involving them in training courses outside Iraq on modern methods of banking, and completing banking transactions using modern methods.
2- Equipping banks and banks with modern, advanced systems in all financial fields and activities and introducing the ATM service to all banks.
3- Establish quality measurement centers in all banks and activate their role by receiving development ideas and visions while honoring those with ideas that prove successful in practical fields.
4- Opening horizons for cooperation and coordination between Arab and international banks and institutions; For the purpose of benefiting from the experiences of those financial institutions that preceded us in development in order to achieve a qualitative shift in Iraqi banks and reduce the time factor to ensure that we join the ranks of the advanced in the banking industry.
5- Encouraging scientific studies and research aimed at developing outstanding performance in our financial institutions, and ensuring the translation of those studies and research from a theoretical reality into a tangible practical reality that reflects positively on the economic level.
6- Study the possibility of opening new branches of local banks outside Iraq for the purpose of expanding the circle of banking activity, providing the best services and attracting more customers to these banks.
7- Approving the basic principles for using interest, to ensure an increase in deposits, ensuring that the process is safe from counterfeiting and addressing issues related to money laundering.
8- It is necessary to point out the efforts of the legislative and executive authorities at the present time in developing the financial system and banking institutions through their efforts to complete and approve the relevant laws, which have reached the final stages, which are:
A - The draft Securities and Commodities Law, which seeks to regulate financial markets and control trading operations in a way that enhances the economic process.
B- The draft law on the Center for Banking Studies, which aims to scientifically develop banking work and raise the level of professional performance of the banking system.
T- The draft Islamic investment sukuk law, which aims to create and diversify investment tools in the Iraqi financial market link