The Prime Minister's Advisor Announces The Decline In The Effects Of The Parallel Market And The Decline In Its Activity , 26 MARCH

 The Prime Minister's Advisor Announces The Decline In The Effects Of The Parallel Market And The Decline In Its Activity

Economy    Yesterday, 15:07  Baghdad - INA - Nassar Al-Hajj  The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, announced today, Sunday, the decline in the effects of the parallel market and the decline in its activity, while revealing the reasons for the decline in the dollar’s ​​exchange rate against the dinar, and  the importance of monetary policy and its imposition of a climate of stability at the general level.

 Saleh said to the Iraqi News Agency (INA):

 “Economic policy played a major role in imposing a climate of stability in the general level of dollar exchange rates,” indicating that

 “the state of superiority of the official exchange market in financing Iraq’s foreign trade caused a decline in the effects of the parallel market and a decline in its illegal activities.” Legal".

He pointed out that  "the decline in parallel market rates in favor of the official exchange rate is a tangible success in the cohesion of the country's economic policy in its three aspects:

 financial,  monetary and   commercial," pointing out that  "the work and high coordination of policies led to providing an incubator of stability embodied in relative price calm and the containment of seasonal price fluctuations." “For materials in high demand, specifically the provision of basic goods related to consumption and daily living for citizens.” He noted

 "the importance of using the customs policy, which was represented by (reducing customs tariffs and diversifying imports without quantitative limits for basic and necessary goods) as part of the performance of the financial policy in providing price stability and ensuring the supply of materials, food and essential goods, and production supplies at the official exchange rate and in accordance with the requirements of the national economy."

 In addition to the high stability in bank financing for foreign trade for the private sector, which began to adopt the stable official exchange rates of 1,320 dinars per dollar in a wide and more flexible manner through the regularity and stability of financing operations.

He pointed out that   "the demand for foreign currency for the purposes of financing the country's foreign trade, on the part of the private sector, is today supported by large foreign currency reserves, which are the highest in the country's history, reaching nearly 111 billion dollars today." He continued,

 "These high foreign currency reserves reflect the country's annual trade efficiency of more than 16 months of import at least in light of the global standard for the trade efficiency of foreign reserves, which is limited to only about three months, and that

 the ability of these reserves to cover the exported currency is considered a complete coverage of foreign exchange, which is an indicator of stability." Contains any existing or anticipated adverse price fluctuations.     https://www.ina.iq/205566--.html

IRAQ'S Three Zeros Dilemma #iqd #iraqidinar BY SANDY INGRAM

FRANK26…..3-25-24….IQD UPDATES…….M.A.

"RV UPDATE" BY FRANK26, 26 MARCH

  Frank26  

  Don't despair if you're having trouble at banks...IMO just go to a bank that exchanges foreign currency.  We're using Chase as one example.  There's others.  Go to that bank and simply open a savings or checking account.  If they ask you why do you want to open this checking or savings account tell them because, 'I have money...I want to put into the account.'  Once you have your account open, go home and just sit there and wait until it happens...When the blessing occurs go back to that bank and tell them, can I talk to your Wealth Manage Department?  They'll send you to the back, away from the bank and they will take care of you...

 Hawaiians, your bank is The Bank of Hawaii.  They do exchange foreign currency right now.  The people that represented us...went past the front line of defense...and got to the wealth management advisors...They did not deny the Iraqi dinar.  They knew what was going on...She said, unfortunately brother at this time we are not able to assist you but as the time progresses in the future we will reach out and contact you...When the time comes we can accommodate all functions that you will need from legalities, lawyers, trust funds, foundations, if you want us to collect your property tax and report it we'll do that for you as well.   She chose her words very carefully... 

 She says to me, this is private banking.  None of your information will be shared with anyone.  It will not be seen more exposed by any of our tellers.  Only people in the wealth management department will see your numbers.  The people in the front are for the public.  We in the wealth management are separate from them.  The bank, they are the public side, we are the private side...You are the highest tier that we offer.

The Decline Of The Dollar.. Parliamentary Finance Says That The Crisis Is On Its Way To Ending “Finally”, 26 MARCH

 The Decline Of The Dollar.. Parliamentary Finance Says That The Crisis Is On Its Way To Ending “Finally”

 Economy |Yesterday, 21:53 |  Baghdad today – Baghdad  The Finance Committee in the Iraqi Parliament confirmed, today, Sunday (March 24, 2024), that the dollar exchange rates in the parallel market will continue to decline until the official price fixed by the Central Bank of Iraq is reached.

Committee member Moeen Al-Kazemi told “Baghdad Today” that “the dollar is still continuing to decline in the parallel market, and this decline will continue, even if slowly, until the official price fixed by the Central Bank of Iraq is reached,” indicating that “there is significant government control over "The market and  this crisis are on their way to being resolved once and for all."

 Al-Kadhimi stated,

  “The visit of Prime Minister Muhammad Shia Al-Sudani to Washington is very important at the level of financial and economic files, and   Al-Sudani is discussing with the  American side  strengthening and strengthening the Iraqi dinar, and  lifting obstacles on some banks, as well as  providing sufficient cash liquidity from the dollar to Iraq by "The treasury, which is why the visit is considered important and will have positive results on the economic files."

It is hoped that Sudanese will visit Washington in mid-April to discuss several files, most notably the economic and Iraqi measures to combat money laundering and terrorist financing.    

https://baghdadtoday.news/245559-انخفاض-الدولار.-المالية-النيابية-تقول-ان-الازمة-بطريقها-للانتهاء-بشكل-نهائي.html   

Evening News with MarkZ. 03/25/2024

Monday Evening News with MarkZ 

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good Evening: ​​I hope we have some exciting news tonight

Member: Mark Z Is this our week Brother?

MZ: We may see it by Easter…The news is so good. 

Member: there is always the standard hope for the St. Germaine trust to be opened this Easter…finally. 

Member: Frank said Mission Accomplished tonight.

Member: I heard today the reset was finally agreed to and moving forward towards signatures

MZ: That is highly possible. We have a delegation of Iraqi foreign ministers in DC right now. At this point we expect them to announce “lifted sanctions” by the middle of the week. My source is on the DC beltway. When sanctions are lifted it should be “GO” time. 

MZ: Some of the rumors are from bond folks with great expectations of getting 1% really…..for sure….on Wednesday. 

Member: Has your paymaster been called to Reno?

MZ: I’ve see whales called …I’ve seen those that prepare for the paymasters called. I have seen a signatory called .

MZ: “BRICS invites all countries to join it in killing US dollar”  They invite all countries to ignore the US dollar and use local currencies. De-dollarization is picking up……

MZ: “US-Vietnam relations: A conversation with Vietnams foreign minister-Bui-Thanh Son” He is talking about looking forward to doing lots of business together over the coming years. 

Member: What does your gut say on the dong rate?

MZ: Im still thinking around $2+. But would not be surprised at anything between .47 cents to $3+. 

MZ: “Iran’s currency hits a record low”  Be careful before you spend any big money on that currency.

Member: Visualize everyone! Very powerful right now! Easter is the day!

Member: Sweet RV dreams……may they come true soon. 

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.

​TO GET THE “REAL MARKZ ACCOUNTS”, TWITTER, YT, RUMBLE, TELEGRAM ROOMS, AND FOR MARK’S DAILY LINKS TO HIS WEBSITE: https://theoriginalmarkz.com

STAY IN THE KNOW: FOR UPDATES ON PODCASTS (CHANGES & GUESTS). YOU WILL FIND PLENTY OF USEFUL INFO THAT KOUKLA UPDATES OFTEN FOR MARK AT THE TELEGRAM INTEL CHANNEL: https://t.me/+K_GNVfTI0gFkZWYx

GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

Jon Dowling & Holly Celiano Geo Political Updates & The Media Is Droppin...

Iraq News: Al-Kadhimi’s political advisor was sentenced to one year in prison., 25 MARCH

 Iraq News: Al-Kadhimi’s political advisor was sentenced to one year in prison.

The leaders of the armed factions and the “coordination framework” associated with them did not express any position, nor did they issue any comment regarding the upcoming visit, but a government official said that “they are forced to accept,” indicating that “ The factions’ silence came after Sudanese pledged to make the issue of removing American forces a priority during his visit to Washington.

 The official, who refused to reveal his identity, confirmed that the delegation accompanying the Sudanese would be ministerial and specific, in reference to conditional approval from the US State Department for the delegation accompanying the president.

Al-Sudani had received a similar invitation to visit Washington in September of last year 2023, a year after the formation of his government, but it did not take place.

The visit comes at a time when Baghdad and Washington are holding joint talks to remove the international coalition forces, and the first round of bilateral dialogue held in Baghdad, on January 27, led to an agreement to form a joint military committee to review the coalition’s mission, end it, and move to bilateral security relations. The committee began its work on February 11 of last year.

The talks came due to pressure on the Sudanese government from the Iraqi armed factions allied with Iran and the political parties associated with them, as they demanded the removal of international coalition forces from Iraq, following Washington’s implementation of retaliatory strikes in Iraq that led to the assassination of prominent leaders in those factions.

https://www.mawazin.net/Details.aspx?jimare=244470

"IMPORTANT IRAQ NEWS: ISMAIK: THE SOLUTION TO THE DOLLAR CRISIS IN IRAQ IS “VERY SIMPLE”BY MNT GOAT, 25 MARCH

ISMAIK: THE SOLUTION TO THE DOLLAR CRISIS IN IRAQ IS “VERY SIMPLE”

The economic expert, Hassan Ismaik, confirmed that the solution to the crisis of the high exchange rates of the US dollar against the Iraqi dinar is very simple.

Ismaik said in an interview with Al-Maalouma, “The foreign cash reserves that the Central Bank of Iraq owns are what preserve the value of the Iraqi currency, and because Iraq does not receive money except government money, and the private sector smuggles its money abroad.”

He added, “The Iraqi citizen does not trust the banking system in his country,” which means that there is a defect that must be fixed.

 Ismaik believes that “the solution is by placing the money obtained from the sale of crude oil, the main source of the Iraqi economy, as deposits in the central bank and attracting the hoarded funds in the homes of Iraqis and also attracting the money of investors abroad, the private sector and investment companies.”

Ismaik continued, “The success of the solution is linked to Iraq’s development of the banking sector systems and it being an open and not closed system. Reinforcing his vision with leading regional models such as the Arab Gulf countries.”

He pointed out that “there is enormous money coming from the people and the private sector, as well as investment companies.”

He added that “Iraq only needs development in the banking sector system, clarity in this system and not being closed, because when we say it is forbidden to transfer dollars, and it is forbidden to buy with dollars, and it is forbidden to exchange for dollars, your value will immediately lose and decline, and the currency will fall.”

Ismaik stressed that “ the dollar crisis ends when there is a solid banking system, as there is huge amounts of money with the people in their homes, and if this money goes to… Banks will change the equation, and the money of Iraq is Abroad will range, at a minimum, between 200-300 billion in deposits in banks.”

Since the end of the year 2022, Iraq has been facing a crisis in the exchange rate of the dinar against the dollar, after the United States took a number of measures to restrict the use of… The dollar is in Iraq and its possession is limited to certain parties, as the exchange rate is witnessing fluctuations and instability despite the measures taken by the Iraqi government and the Central Bank to control the exchange rate. 

The dollar crisis has been accompanied by variation in the methods of its solutions and treatment, especially among those who see it as a crisis that expresses structural imbalances in the system. Iraqi monetary policy, and among those who believe that resolving it requires only responding to it in an intelligent manner.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

Jon Dowling News Of The Week Iraq & More

The Upcoming Meeting Between Baghdad And Washington... Hopes For Quick Solutions To Save The Banking Sector From Collapse, 25 MARCH

 The Upcoming Meeting Between Baghdad And Washington... Hopes For Quick Solutions To Save The Banking Sector From Collapse

Samir Al-Nusairi  Economy News – Baghdad  The White House announced that the anticipated and important visit of Prime Minister Muhammad Shiaa Al-Sudani to the United States of America and the meeting with the American administration has been set for next April 15.

Makes it very important, in this critical and complex stage that Iraq is going through, that the agenda include meetings and negotiations with the leaders of the American administration, the Treasury Department, and the Federal Reserve, to determine the next and clear paths for bilateral economic relations between the two friendly countries, which have broad relations in all fields and the topics of the visit?

We believe that one of the important files that will be included in the discussions and negotiations, with the participation of the Central Bank and the Association of Iraqi Private Banks, is the issue of financial and banking reform, protecting the Iraqi banking sector from collapse after the issuance of sanctions and restrictions by depriving 50% of the total private banking sector from dealing in the US dollar, which is the main foreign currency for banking and commercial transactions.

In Iraq and international banking relations for a long time, they must be informed by the American administration and the Ministry of A that continuing to deal with the Iraqi banking system in this exclusionary manner and without explaining the real reasons for the sanctions, which date back to activities of previous years, and that the American officials who issued the sanctions on 28 Iraqi private banks praise the safety of transfers. Foreign Affairs for the purposes of covering private sector imports in 2023 since the implementation of the electronic platform.

This means that the government and the Central Bank are proceeding in coordination and in great cooperation with the US Treasury and the global financial system in accordance with the banking and financial reform strategy adopted by the government in the governmental curriculum and with high discipline in accordance with international standards for combating money laundering and terrorist financing.

These efforts have actually borne fruit in achieving fruitful economic results after the agreements with the American Bank, the US Federal Reserve and some reputable international banks in 2023 and their approval as correspondent banks for some of our banks, and more than 40 accounts were opened for them in these banks.

Therefore, we believe that the inputs and outputs of this important visit must convince the American side to reconsider the sanctions imposed, especially since all the sanctioned banks are currently subject to audit by K2 International, and this confirms the good faith of the banks that the reasons for the deprivation of dealing in the US dollar were not serious errors and can be overcome if they exist. With joint cooperation between the two parties.

The importance of restoring activity and protecting the private banking system and ensuring the results of its work through the electronic platform for the year 2023, which has confirmed its safety and transparency, and I believe that not reaching quick solutions to this issue will lead to confusion in the commercial and banking market and will affect ration card supplies, which are the primary food source for a large segment of the population.

The Iraqi people, the weakening of the plans and procedures of the Central Bank and the government in financial and banking reform, the lack of control over the stability of the exchange rate of the Iraqi dinar, and the damage to the national economy, which World Bank reports confirm that the economy moved during the Sudanese government from fragility to recovery.

The continued sponsorship and support of the United States of America for Iraq as a friendly country requires it to protect the Iraqi economy and the banking sector from collapse in these difficult circumstances that Iraq, the regional countries and the world are going through. We hope that the discussions on the banking file in Washington will result in its return to practicing all its local and international banking activities.

219 views 03/24/2024 - https://economy-news.net/content.php?id=41783  

"IMPORTANT IRAQ NEWS: SUDANESE MEETS WITH THE MINISTER OF FINANCE AND THE GOVERNOR OF THE CENTRAL BANK AND TAKES 3 DECISIONS " BY MNT GOAT, 25 MARCH

SUDANESE MEETS WITH THE MINISTER OF FINANCE AND THE GOVERNOR OF THE CENTRAL BANK AND TAKES 3 DECISIONS  

March 14 22:30

Information / Baghdad

On Thursday, Prime Minister Muhammad Shiaa Al-Sudani met with the Minister of Finance and the Governor of the Central Bank and subsequently took 3 decisions related to loans and debts.

The Prime Minister’s Media Office stated in a statement received by Al-Maalouma, that “Prime Minister Muhammad Shia Al-Sudani chaired a meeting that included the Minister of Finance, the Governor of the Central Bank of Iraq, and a number of relevant advisors, in the presence of the Director General of the Trade Bank of Iraq.” 

He added, “The meeting discussed a number of issues related to the government banking sector, related to government debts and non-performing private sector loans, and took a number of decisions regarding them, which were the following:

1-The Ministry of Finance begins paying government debts to the Trade Bank of Iraq.

2- Preparing a plan to be presented to the Council of Ministers regarding the repayment of troubled loans owed by the private sector to government banks, including the Trade Bank of Iraq.

3- Forming a joint committee to study expired credits; In order to return its funds to the public treasury. 

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

Jon Dowling & Rod Steel Discuss Iraq & The RV Is Ready To Go Around Ramadan

Before Sudanese's Visit To Washington, The Factions Are Silent, The Framework Is Waiting, And Parliament Is Waiting For The Implementation Of Its Decision, 25 MARCH

 Before Sudanese's Visit To Washington, The Factions Are Silent, The Framework Is Waiting, And Parliament Is Waiting For The Implementation Of Its Decision

Reports | 01:45 - 03/24/2024  Mawazine News – Baghdad  The Iraqi armed factions remained silent regarding the visit of Iraqi Prime Minister Muhammad Shiaa Al-Sudani to Washington, which was scheduled for mid-April, amid doubts about the possibility of resolving the issue of ending the role of the international coalition in Iraq during the visit, while Iraqi sources confirmed that Al-Sudani stressed He stressed the priority of this file during his upcoming visit.

Yesterday, Friday, the White House announced that US President Joe Biden will meet with Sudanese at the White House, next April 15, and that they will reaffirm their commitment to the Strategic Framework Agreement, and will work to deepen their common vision for a safe, sovereign, prosperous Iraq that is fully integrated into the broader region, while Al-Sudani's office confirmed that the visit would discuss the post-international coalition phase, without further clarification.

The visit’s program did not appear to be identical, according to the two official statements regarding the international coalition file, which reinforces the factions’ doubts about Washington’s seriousness in ending the coalition’s role in Iraq, especially since American officials had previously confirmed that Baghdad did not request ending the coalition’s role.

The Iraqi government reassured those factions that the issue of ending the coalition’s presence would be among the topics of the visit, and the advisor to the Iraqi Prime Minister, Hussein Allawi, said in a press statement yesterday, Saturday, that “in addition to the data of the dialogues of the Supreme Military Committee, the expected meeting of the Iraqi Prime Minister with the President "A timetable will be determined on the basis of which the American coalition forces will withdraw."

He added, "The strategic partnership between the Iraqi government and the United States proceeds within the framework of the Strategic Framework Agreement that Parliament voted on during the past years," stressing that "Al-Sudani took a decision to end the tasks of the international coalition, and this decision made the Iraqi-American Supreme Military Committee conduct a dialogue between Iraq and representatives The international coalition countries, to set a timetable,

 and these dialogues are continuing by the committee and go in the direction of assessing the threat of ISIS and the capabilities of the Iraqi armed forces, and in return, they will set a timetable based on these data on the one hand, and on the basis of the meeting between the Prime Minister and Biden.

"IMPORTANT IRAQ NEWS: AFTER HOSTING THE GOVERNOR. PARLIAMENTARY FINANCE: WE LOOK FORWARD TO RAISING THE VALUE OF THE DINAR" BY MNT GOAT, 25 MARCH

AFTER HOSTING THE GOVERNOR. PARLIAMENTARY FINANCE: WE LOOK FORWARD TO RAISING THE VALUE OF THE DINAR

Baghdad/Iraq Observer

The parliamentary finance committee on Thursday expressed its aspiration to coordinate with the Central Bank to increase the value of the dinar and control the market.

A statement said that “the Finance Committee met under the chairmanship of Atwan Al-Atwani and in the presence of its members with the Governor of the Central Bank Ali Al-Alaq, to discuss monetary policy and the banking system in the country and ways to increase the value of the Iraqi dinar.”

At the beginning of the hosting, which was held at the headquarters of the committee, the chairman of the committee stressed “the importance of following up the economic file and monetary policy, based on the supervisory side, and finding appropriate solutions to the obstacles facing the work of the Central Bank.”

The Finance Committee expressed “its aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, control the market in order to alleviate the burdens of citizens, and address the deficit.”

For his part, the Governor of the Central Bank reviewed “the economic and monetary aspect, pointing to “the development of basic rules in order to monitor the process of remittances and analyze monetary operations, praising “the role played by the Finance Committee in following up the financial and economic movement of the country.”

The committee discussed with the Governor of the Central Bank the approved international standards, future plans to improve the reality of banks, the possibility of expanding relations with international banks, drawing the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank Law.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

Massive Whale Exchanging Now?💣Is Our Turn Soon?!🤔Iraq Dinar RV Updates |...

The Prime Minister's Advisor Announces The Decline In The Effects Of The Parallel Market And The Decline In Its Activity, 25 MARCH

 The Prime Minister's Advisor Announces The Decline In The Effects Of The Parallel Market And The Decline In Its Activity

Economy News – Baghdad  The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, announced on Sunday the decline in the effects of the parallel market and the decline in its activity, while revealing the reasons for the decline in the exchange rate of the dollar against the dinar, and the importance of monetary policy and its imposition of a climate of stability at the general level.

Saleh said, in a statement reported by the official news agency and seen by Al-Iqtisad News, that “economic policy played a major role in imposing a climate of stability in the general level of dollar exchange rates,” indicating that “the state of superiority of the official exchange market in financing Iraq’s foreign trade caused... With the decline in the effects of the parallel market and the decline in its illegal activities.”

He pointed out that "the decline in parallel market rates in favor of the official exchange rate is a tangible success in the cohesion of the country's economic policy in its three aspects: financial, monetary and commercial," pointing out that "the work and high coordination of policies led to providing an incubator of stability embodied in relative price calm and the containment of seasonal price fluctuations." “For materials in high demand, specifically the provision of basic goods related to consumption and daily living for citizens.”

He noted "the importance of using the customs policy, which was represented by (reducing customs tariffs and diversifying imports without quantitative limits for basic and necessary goods) as part of the performance of the financial policy in providing price stability and ensuring the supply of materials, food and essential goods, and production supplies at the official exchange rate and in accordance with the requirements of the national economy."

 In addition to the high stability in bank financing for foreign trade for the private sector, which began to adopt the stable official exchange rates of 1,320 dinars per dollar in a wide and more flexible manner through the regularity and stability of financing operations.

He pointed out that "the demand for foreign currency for the purposes of financing the country's foreign trade, on the part of the private sector, is today backed by large foreign currency reserves, which are the highest in the country's history, reaching nearly 111 billion dollars today."

He continued, "These high foreign currency reserves reflect the country's annual trade efficiency of more than 16 months of import at least in light of the global standard for the commercial efficiency of foreign reserves, which is set at only about three months, and that the ability of these reserves to cover the exported currency is considered complete coverage in foreign exchange, which is an indicator of stability." Contains any existing or anticipated adverse price fluctuations.

Views 54  03/24/2024 - https://economy-news.net/content.php?id=41804

"RV UPDATE" BY MILITIAMAN, 25 MARCH

 Militia Man 

 Article quote:   "Iraq joins FEMOZA" It's the World Federation of Free Economic Zones.  Why is this important?  Iraq has accession to this...We have the accession law to join the European Bank and now we have the accession to the World Free and special economic zones federation.. .

Both of these entities are about finance and building new industrial cities.  If you don't think Iraq is going to go international, you might think again...

Article Quote: "Al Sudani of Iraq to the White House to coordinate common priorities and reinforce the strong bilateral partnership between the United States and Iraq.  The leaders will reaffirm the commitment to the Strategic framework agreement..."  I like that part they will reaffirm it so in other words, if they reaffirm it as it is the United States isn't going anywhere... Quote "Al Sudani of Iraq to the White House on the 15th of April." 

🔥 Iraqi Dinar 🔥 Activate New Exchange Rate 🔥 Guru Updates News Value USD...

Government spokesman: The Prime Minister will discuss 5 basic files during his visit to Washington, 25 MARCH

  Government spokesman: The Prime Minister will discuss 5 basic files during his visit to Washington

3/24/2024  Baghdad

On Sunday, the Iraqi government spokesman, Bassem Al-Awadi, detailed the agenda of Prime Minister Muhammad Shiaa Al-Sudani’s visit to Washington, while specifying 5 basic files that will cover the latter’s meetings with US President Joe Biden.

Al-Awadi said, in a statement reported by the official news agency, and seen by Al-Eqtisad News, that “the main topic of the visit of the Prime Minister, Muhammad Shiaa Al-Sudani, to Washington is to discuss the prospects for the future relationship after the international coalition, and then move to comprehensive relations between the two parties.” "Including the security, military and armament aspects."

He added, "The strategic framework agreement that was signed in 2008, the armament, security and military aspects were able to be the most important, but the framework is broader, so ending the mission of the international coalition will be the first file and then moving to comprehensive relations, and there is a complete legal basis in the agreement." 

He pointed out, "In 2008, the security, military, and intelligence aspects were implemented, but the move to various fields of cooperation includes investment, energy, economy, agriculture, and others, especially since the United States is a leading country in technology in all of these areas."

He pointed out that "among the files that will be discussed during the visit also are the financial file and what is related to the decisions of the US Treasury, the influence of Iraqi banks and the debts owed by Iraq, as well as the regional file and what is related to the Gaza war and Iraq's relations with neighboring countries and regional countries," stressing that " Five files will be basic and will cover the meetings in Washington.”

He stressed that "the Prime Minister does not want to go to Washington on a visit just for the sake of visiting, but rather he wants this visit to be successful and to produce realistic and effective results that will positively affect the Iraqi interior, reflect on the regional side, and develop the ABCs of the Iraqi-American relationship."

He noted that "the visit was scheduled to take place late last year, 2023, but the war on Gaza affected that, especially since the Iraqi positions are clear regarding the Gaza war, and the visit cannot take place at a time when the feelings of Iraqis and Arabs in general and the world are in solidarity and sympathize with the Palestinians, and therefore "It will lose its content."

He continued, "The American elections will begin next November, and usually American presidents, six months or more before the elections, refrain from receiving guests from abroad, and focus on the internal file, especially the elections. This year's elections in the United States of America are different from all previous elections, as nothing happened."

 In its history, a former president who lost in the elections returns, with a competition and a program different from the program of the Democratic Party, meaning that the American internal event has now occupied the American arena and the world with its repercussions, and thus, in light of this crisis, President Biden singles out a date for a meeting with the Iraqi Prime Minister, and interrupts his election campaign and mocks. "Several days for Iraq and the situation there, a clear indication of respect for the Prime Minister and Iraq's political and international standing." 

Regarding the seriousness of activating the strategic framework and scheduling the withdrawal of the international coalition, Al-Awadi said: “This file has been decided by the Iraqi and American parties, and the Iraqi government is 100% serious about this issue, and the Prime Minister cannot be flattering about this issue or debate it, as it relates to the future of Iraq and the sovereignty of Iraq.” The country is not manoeuvrable.

He stressed that "what the Prime Minister says is what he is working on, and he will discuss future relations after the international coalition, and the negotiations will lead to positive results and a timetable for withdrawal," stressing that "this fact cannot be doubted."

He pointed out that “Iraq has a position known to the world regarding the Gaza war, and the Prime Minister spoke about it in international, Arab and regional forums, and conveyed Iraq’s point of view and position on what is going on in Gaza,” noting that “the statement of the press secretary in the White House and the Prime Minister’s Media Office Regarding the Prime Minister’s visit to Washington, he pointed out that the regional reality in the Arab Levant region and our regional neighborhood affects Iraq.

He concluded by saying: “Iraq is a sovereign state, and the Prime Minister seeks for Iraq to play its appropriate role and position in proportion to its size in various historical, civilizational and humanitarian fields in the correct manner,” pointing out that “the American administration is working in this direction, and therefore regional issues will present at various levels.” LINK

"BANK STORY" BY FRANK26, 25 MARCH

Frank26   

 Hawaiians, your bank is The Bank of Hawaii.  

They do exchange foreign currency right now.  The people that represented us...went past the front line of defense...and got to the wealth management advisors...They did not deny the Iraqi dinar.  They knew what was going on...

She said, unfortunately brother at this time we are not able to assist you but as the time progresses in the future we will reach out and contact you...When the time comes we can accommodate all functions that you will need from legalities, lawyers, trust funds, foundations, if you want us to collect your property tax and report it we'll do that for you as well.   She chose her words very carefully... 

 She says to me, this is private banking.  None of your information will be shared with anyone.  It will not be seen more exposed by any of our tellers.  Only people in the wealth management department will see your numbers.   The people in the front are for the public.  We in the wealth management are separate from them.  The bank, they are the public side, we are the private side...You are the highest tier that we offer... 

🔥 Iraqi Dinar 🔥 They Changed the Exchange Rate to $0.76 🔥 Guru Updates E...

Automation and strong internet...a necessity for reforming the banking system, 25 MARCH

  Automation and strong internet...a necessity for reforming the banking system

3/24/2024   Baghdad: Hoda Al-Azzawi

The Finance Committee of the House of Representatives is conducting a very important investigation into the presence of fraudulent deductions from retirees’ salaries by informal associations, while experts in finance and economics unanimously agree on the necessity of a rapid move towards automating banking operations and preparing their infrastructure in terms of strengthening the global network “the Internet.” “As a necessity to reform the banking system.

The Rapporteur of the Parliamentary Finance Committee for the fourth session, Dr. Ahmed Al-Saffar, in an interview with Al-Sabah, praised “the steps of the Parliamentary Finance Committee to follow up and monitor the banking system and electronic dealings,” and added, “But I believe that the issue needs other steps to prepare the infrastructure and emphasize restoring confidence.” Citizen in Iraqi banks.

He stressed that "the banking sector in general needs radical reform and restructuring of the large number of unnecessary private banks that are not doing their proper banking work," calling for "keeping the real banks that are doing their work and supporting them and providing facilities to them."

He pointed out that "the other point is the emphasis on the issue of the Internet, because electronic dealing is completely linked to the presence of a strong Internet in order for electronic dealing to take place," stressing that "the citizen - until now - does not trust putting his money in banks, and the process needs to build confidence among the citizen and those... Then raise awareness and work to achieve or implement financial inclusion for the citizen by delivering banking services easily to him, starting with the category of employees, retirees, care salary holders, or others, and then moving to other categories.”

He stressed that "the Financial Committee's follow-up of violations and transgressions to steal retirees' funds is a very important step."

As for the expert in the field of anti-corruption, Saeed Yassin Moussa, he said in an interview with “Al-Sabah”: “The system for paying the salaries of employees and retirees needs periodic review, and one of the best ways is to adopt automation and use smart cards to pay and settle salaries, fees, and other financial activities, including commercial ones.” Pointing out that “forgery is expected in paper processes before salaries enter the electronic system, and an example of this is what happened in Anbar, the Martyrs Foundation there, and the Retirement Authority departments in the governorates.”

He explained, “The National Retirement Authority has an excellent experience in preparing the infrastructure for the retirement referral system, starting electronically from institutions through the presence of the Authority’s teams in ministries and public institutions in preparing retirement transactions for employees, with the employee referred for retirement being handed a review card to complete the retirement transaction at the Retirement Authority.” the public".

Moussa stated, “In these aforementioned steps, the possibility of forgery operations is very narrow and even non-existent, but the defect lies in the transactions of the wounded and martyrs through the forgery operations that were discovered by the Integrity Commission in cooperation with the Public Retirement Service, and I deem it necessary to subject all those who They were referred to retirement from this category for review and scrutiny, knowing that forgery operations are carried out through multiple mafias with the complicity of some employees in the relevant departments and forging the signatures of other employees.”

He added, "The process of fraud on smart cards remains. Here, it is necessary to protect the electronic system from hacking, review the banking system, and preserve the confidentiality of the retiree (the private code), while subjecting the relevant associations to periodic auditing, and deterring those who attempt to seize the funds of employees and retirees in loan and advance operations." And selling in installments.”

Last week, the Chairman of the Finance Committee, Atwan Al-Atwani, hosted, along with the committee members, the Director General of Rafidain Bank, Ali Karim, and the Managing Director of the International Smart Card Company to discuss electronic transactions.
A statement from the committee indicated that “the meeting discussed the issue of dealing with (unlicensed) associations, installment sales operations, and receiving advances, and the emphasis on preventing any tampering in the sales process, verifying the information of the advance applicant, and protecting customers’ money from fraud.”  LINK

"RV UPDATE" BY PIMPY, 25 MARCH

  Pimpy 

 One of those myths that are out there...Executive order 13303...If you're a new persons investing into the Iraqi dinar you will hear...we're allowed to invest in Iraqi dinar because George Bush signed executive order 13303...Nowhere in executive order 13303 does it state such a thing...Having said that, it doesn't mean you can't invest in Iraqi dinar... Obviously investing in currencies are a thing but nothing in these orders at all say that Bush gave you the right to invest in the Iraqi dinar.  

Community Comment "Pimpy needs to understand outside investors of Iraq have absolutely nothing to do with project to delete the zeros.  Our 25,000 note will be 25,000 note in America."  I'm guessing you think that if they re-denominate the currency inside of Iraq and they change the exchange rate to $0.76, I guess you thought we could take the old currency and exchange it for the current exchange rate. 

 That's not going to happen.  I'm telling you right now that's not going to happen...25,000 dinar would be equivalent to the 25 dinar...What Iraq does in country to its currency affects the currency worldwide..  

Iraq and Kuwait are discussing enhancing trade exchange and encouraging investment , 25 MARCH

  Iraq and Kuwait are discussing enhancing trade exchange and encouraging investment

3/24/2024 Baghdad

The Acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, and the Kuwaiti Ambassador to Iraq, Tariq Abdullah Al-Faraj, discussed today, Sunday, mechanisms for enhancing trade exchange and encouraging investment between the two countries.
The media office of the Acting Speaker of the House of Representatives stated in a statement received by Mawazine News: “

The Acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, discussed, during his meeting in his office today, the Kuwaiti Ambassador to Iraq, Tariq Abdullah Al-Faraj, the overall situation in the two countries, the latest regional developments, and a number of... Files of mutual interest.

He added, "The meeting discussed enhancing trade exchange between the two brotherly countries, establishing a free market to stimulate this sector, and stressing the need to work hard to encourage investment within sustainability standards, in addition to continuing to hold joint committee meetings and exchanging visits between officials of the two countries to resolve some outstanding issues, in addition to exchanging Security information to reduce the threat of terrorism and the spread of drugs.

He continued, "During the meeting, there was also talk about the Kuwaiti National Assembly elections scheduled to be held early next month."

Al-Mandalawi expressed his “wishes for Kuwait’s success in this important achievement, and continued progress and prosperity in various fields.”   LINK