Suadni got on the airplane when you guys were asleep and went to Washington. But here's the thing, Sudani left with an entourage the size of about I think 3 airplanes or more. Sudani is going with an amazing group of people...his whole cabinet...board of directors from the CBI, every important person ever part of their monetary reform process. They are all going...
He's going for a week. Sudani is going to see Biden for one hour and the other 6 days and 23 hours are going to be spend on the reforms of Iraq.
If you don't like what they [Chase Bank] have got, then go somewhere else...And when you go somewhere else you already studied the bank...vetted...looked at their portfolio...know their officers...
know their structure...know how they're going to take care of your money...invest your money right? If you say no to any of those questions you're in trouble because the leeches and parasites...vultures sense you, once the sharks know that there's chum in the water, they're going to circle you.
They're going to tear you apart. 'Hey, MC Hammer...You Can't Touch This. You can't touch my money Frank.' How much money do you have? $200 million...How much you have now? Nothing...[this] is the situation we will be facing very soon. You're going to be attacked...You don't like Chase, make sure you check out where you're going carefully...
The General Assembly of the National Bank of Iraq announced the approval of the Board of Directors’ recommendation to increase the bank’s capital from 300 billion Iraqi dinars to 400 billion dinars through the balance of retained earnings and distribute them as free shares to shareholders and work to amend the fifth item of the bank’s memorandum, praising the policies of the Central Bank of Iraq and its instructions, which were characterized by “flexibility and rapid response” to economic and political changes, while pointing to the completion of all technical requirements for the launch of the Swiss T24 system and preparing for the adoption of the anti-money laundering system “EML Sirion”.
The bank said in a statement received by “Economy News”, that the General Assembly of the Bank approved during its annual meeting the distribution of cash dividends to shareholders (20%) of the bank’s capital, as well as the report of the Board of Directors and the financial statements of the National Bank of Iraq for the year 2023 and its future plans, especially those related to financing the opening of 7 branches of the bank during the current year 2024 of retained earnings.
The Chairman of the Board of Directors of the Bank, Bassem Khalil Al-Salem, explained that “the monetary policies of the Central Bank of Iraq and its banking instructions during the year 2023 were characterized by flexibility and a rapid response to economic and political changes, which contributed to maintaining the pillars of monetary stability and supporting the stability of the exchange rate, which strengthened the role of the Iraqi banking sector and maintained its durability, protected the rights of depositors and shareholders and increased their confidence in the sector.”
Al-Salem pointed out that “the National Bank of Iraq achieved a distinguished financial performance by the end of 2023, after recording a net profit after the tax of 190 billion Iraqi dinars compared to 27.5 billion Iraqi dinars during 2022. Net interest income increased from 67.6 billion Iraqi dinars to 99.8 billion Iraqi dinars with a growth rate of 46%, and the total income increased from 108.1 billion Iraqi dinars to 343.1 billion Iraqi dinars with a growth rate of 217%,” explaining that “these results reflect the effectiveness of the bank’s business strategy that focuses on basic banking services, the most important of which are banking loans for individuals, large and small companies and trade finance services For big companies.
”
According to Al-Salem, “the volume of customer deposits increased from 1.5 trillion Iraqi dinars in 2022 to 2.9 trillion Iraqi dinars in 2023 with a growth rate of 90%, and the total direct credit facilities increased from 951 billion Iraqi dinars to 1.3 trillion Iraqi dinars with a growth rate of 38%,” noting that “this growth was the result of the expansion of loans granted to the category of employees whose salaries were settled at the bank, along with small, medium and large companies.”
Al-Salem pointed out that “the growth of various financial indicators contributed to the increase in the bank’s assets by 65% to reach about 3.9 trillion Iraqi dinars, the highest in the history of the bank, pointing out that this increase reflects the growth in the volume of banking business, increasing the bank’s market share, and enhancing its ability to provide banking services to its customers.”
For his part, the Commissioner’s Director of the National Bank of Iraq, Ayman Abu Dhaim, said, “The growth in the bank’s business also included a significant expansion in its customer base, which reached 210,000 customers in 2023 compared to 57,000 customers in 2022,” noting that “the expansion of the ATM network also by adding 50 new devices around Iraq, bringing the total number to 190 devices.” With regard to geographical expansion, Abu Dhaim explained, “The bank opened 5 new branches in 2023, bringing the total to 31 branches, including one branch in the Kingdom of Saudi Arabia, which provided great added value to Saudi and Iraqi companies by facilitating the sending and reception of internal and external transfers, granting credit facilities, and providing trade finance services.”
Abu Dhaim indicated, “Al-Ahli Bank of Iraq has opened a number of advanced centers for cash counting and sorting, and a section dedicated to external transfers to ensure a distinguished service to the bank’s customers from large, medium and small companies, explaining that the bank offers a variety of new products that meet the needs of its customers and enhance their banking experience, in addition to providing the services of the custodian, after the official approvals were obtained by the Securities Commission and the Iraq Securities Exchange. This service aims to protect Iraqi and foreign investors and provide them with all investment services.”
In terms of international cooperation, Abu Dhaim pointed out that “the National Bank of Iraq opened a new account with JPMorgan and increased financial transactions with Citibank, in addition to signing a financing agreement with the American International Finance and Development Corporation (DFC),” pointing to “the bank’s commitment to keep abreast of the latest technological developments, enhance information security and the efficiency of banking services, as it worked to complete all technical requirements to launch the best and latest T24 banking system in the world from the Swiss company Temenos, which was launched at the beginning of 2024. We have also technically prepared to launch a new AML Sirion anti-money laundering management system.”
Abu Dhaim stated that “Al-Ahli Iraqi Installment Company began its business during 2023, where it provides car sale services in installments to customers whose salaries have been settled with the National Bank of Iraq.”
With regard to the bank’s future plans, Abu Dhaim stressed that “the bank will continue to expand its branch network, which will be increased by 7 branches to reach 38 branches by the end of 2024. The ATM network will also be expanded and increased to 400 ATMs, in addition to focusing on developing and marketing electronic banking services, increasing the bank’s share in financing trade for major companies and expanding the project of salary localization and financing small and medium companies, in addition to expanding the attraction of individual deposits, companies and official government institutions armed with the confidence that the bank has gained in the banking sector supported by its financial results and advanced services.”
Iraq has met the required security and stability in country that is needed to be productive and to perform her duties as a nation to her people in a correct and internationally acceptable manner. If she hadn't she wouldn't be where she is now, which is out from under the protection of EO 13303 outside the DFI.
Al-Sudani was supposed to be in Washington on the 15, well it sounds like he's arrived and it sounds like he has the Central Bank delegation with him and it sounds like Al-Alaq is with him which would be a really good thing...They said he was going to be here on the 15th, it turns out he's early which is phenomenal...
We know Al-Sudani is gearing to come to the United States on or around the 15th.Today we see he's ready to spend about a week in the Untied States. His saying about a week in the United States is a big deal because that's a long time. He's bringing...senior representatives from the Central Bank of Iraq...They're going to be talking with the United States Treasury...
FRANK26:"SUDANI TALKS ABOUT HIS REFORMS IN WASHINGTON AS A PRIORITY".......F26
Iraq 24 sources: Al-Sudani will meet a delegation from the Energy Companies Complex in Houston, which includes the largest oil, gas and alternative energy companies
4/13/2024
Sources told an Iraq 24 correspondent that Al-Sudani will meet a delegation from the Energy Companies Complex in Houston, which includes the largest oil, gas and alternative energy companies. Iraq 24 analysts stated that economic and financial issues and files related to energy will take up the entire scope of the upcoming visit to the United States. In addition, sources told Iraq 24 that the visit also includes a meeting with the community, including the majority of the people of Rafha, in their center, which is located in the state of Michigan. The sources told Iraq 24’s correspondent that the Governor of the Central Bank, Ali Al-Alaq, will be among the limited government delegation that accompanies the Prime Minister on his visit.
The sources indicated that talk about relieving Al-Alaq from his position will be discussed after the visit to Washington and not before the twentieth of next April. The sources revealed that the court’s opinion under the law indicates that Al-Alaq’s current presence in his position is a legal violation due to age, noting at the same time that the issue of age for Ali Al-Alaq and Falih Al-Fayyad is similar and takes one context. (THOSE AGAINST SUDANI'S REFORMS... CREATE DESPERATE CONDITIONS TO REMOVE ALAQ... NICE TRY -F26)
Expert: The Sudanese visit will activate 11 items in the strategic framework agreement, one of which is security
4/14/2024
The security expert, Sarmad Al-Bayati, suggested activating 11 items in the strategic framework agreement during the visit of Prime Minister Muhammad Shiaa Al-Sudani to Washington.
Al-Bayati said: For the program {Free Speech} broadcast by Al-Furat satellite channel this evening, it was stated that: “The visit has been planned for a long time and within Al-Sudani’s statement that Iraq wants the United States as a strategic partner free of wishes. The main purpose of the visit is to activate the strategic framework agreement, which includes 11 sections of... "Including the security item."
He added, "Al-Sudani will meet with the US President, the Secretary of State, the National Security Advisor, the US Treasury Undersecretary, and others during the visit, and will sign new partnerships and contracts with American companies, including those specializing in energy." Al-Bayati continued, "As for the security aspect, America will be the mediator by importing weapons from foreign companies to preserve Iraqi money, and the government is determined to end the military presence on Iraqi territory." He added, "We have high-frequency radars, and France was contracted to import low-frequency radars. America did not force Iraq to buy weapons, but the defect in air defenses, as well as the danger of the terrorist ISIS, still exists in remote extremist areas." Al-Bayati concluded by saying, "The Western countries proposed to Iraq the activation of the railway between Basra and Mosul to transport goods to Europe, and Turkey is moving forward to participate in the path of development, and internal problems have hindered the activation of many agreements."
Consequences of withdrawal from Iraq: a warning of a “military loss” for Washington and a “political victory” for Tehran
2024-04-13 06:21
Consequences of withdrawal from Iraq: a warning of a military loss for Washington and a political victory for TehranShafaq News/ American reports warned, on Saturday, of the consequences of the American withdrawal from Iraq, and said that this would constitute a “political victory” for Iran, and a strategic loss for Iraq itself, because that would be a risk that would lead Baghdad to revolve in Tehran’s orbit.
A report by the American magazine “Foreign Affairs”, translated by Shafaq News Agency, enumerated the Iraqi heads of government who demanded the withdrawal of American forces during the past two decades, namely: Ibrahim al-Jaafari, who issued the first public call for American withdrawal in 2005, followed by Nouri al-Maliki in 2008, and Adel Abdul Mahdi. In 2020, and Muhammad Shiaa Al-Sudani in December 2023.
However, the report considered that the majority of these calls by the heads of government were motivated by a request from the militias supported by Iran, indicating that Al-Sudani seeks to completely end the American military mission in Iraq, as he faces pressure from his partners in the government, that is, from the “coordination framework.”
The report pointed out that the Prime Minister must have authority over all armed entities in Iraq as the country’s supreme leader, but in practice, the militia factions operate either independently or through the Popular Mobilization Forces, which is legally recognized as part of the security services, but coordinates directly. With the Iranian Revolutionary Guard.
The report saw that Al-Sudani, when he meets with US President Joe Biden, will call for the withdrawal of all US forces, but he is unlikely to present a plan to deal with the militias afterwards, which is a step that requires strengthening Iraqi institutions, because the militias and the politicians who support them are exploiting state structures. Weak, adding that the political will is limited at the present time to carry out such reform, given that some members of the ruling coalition also hold positions in the Popular Mobilization Forces
.
Warning of escalation
The American report warned that the risk of escalation by the armed factions is real, noting that many of these groups, including the Hezbollah Brigades, have become more active and attacked American bases in the region, and one of the factions even said that it fired a missile that reached the city of Eilat. Israeli airspace, which would have required crossing Jordanian or Syrian airspace, adding that Iran is expected to benefit from the unrest spreading throughout the Middle East, while the United States’ withdrawal from Iraq would give Tehran more opportunities to enhance its influence.
The report also warned that if the US military presence ended, America’s political disengagement in Iraq would likely follow, and that the progress achieved by the Iraqi armed forces since they failed to prevent ISIS from invading a third of the country in 2014 could be lost in the future. If American support stops, the delicate balance that Baghdad achieves between its relations with Iran and resistance to falling under its dictates will likely be lost, while the United States acts as a counterweight.
Call for the retention of non-combat forces
The report believed that Washington must now use its influence in Baghdad in order to maintain a non-combat military presence, similar to the forces it maintains in Germany, Japan, the Philippines, and other countries.
The report considered that reaching a bilateral, long-term agreement, related to the presence of American forces, would reflect clear support for supporting the Iraqi army, and that Iraq is not indebted to Iran, indicating that through support from the United States, Iraq will be able to move forward on the path to being the cornerstone of stability. In the region.
The report considered that after the Israeli raid on the Iranian embassy in Damascus, Iranian self-control may ease, adding that the United States does not have many friends within the Iraqi leadership currently, as a result of the disengagement of its diplomatic ties over the years, but that does not mean that Iraqi politicians They take a unified position regarding the departure of American forces from the country, recalling that the Kurdish leaders, in particular, have close historical relations with the United States and prefer the continued presence of American forces.
The report spoke of the somewhat contradictory policies of the Iraqi government, as it is still seeking to establish military relations with the West, including the continuation of NATO’s mission in Iraq, which was expressed by Al-Sudani earlier this year, adding that it is clear that the leaders Iraq wants to retain Western military experience and training, so Washington can use this desire as leverage to ensure that a professional, NATO-backed force remains in place.
A step forward
While the report considered that Iraq’s planning for the post-conflict future represents, in and of itself, a positive development, as Baghdad formulated its policies as an end to the separation of war and occupation, which represents a step forward that no Iraqi can argue against, it said that the maneuvers… The policy that brought about this change may lead to the destabilization of Iraq in the long term, as the apparent victory of the factions wishing to limit the influence of the United States means that there will be no similar effort to limit the influence of Iran.
The report found that, with the United States engaged in military activities not only in Iraq, but also in Syria, Yemen, and the Red Sea, American leaders may tend toward reducing the commitments they can make, but they cannot avoid dealing with the threat posed by Iranian-backed forces. In Iraq, indicating that these militias, whether in Iraq or elsewhere, pose a great threat to regional security in the long term.
After the report said that it is not possible for American soldiers to remain in the country against the wishes of the Iraqis, it called for finding a practical solution for both parties, represented by Washington offering to raise the value of its presence in Iraq and highlighting the cost of its departure from it, explaining that the United States must offer gains such as increased training. military and equipment, and to assure Iraqi leaders that withdrawal would limit Baghdad’s access to advanced weapons systems and other advantages that come with being a security partner of the world’s major superpower.
The report continued, saying that the US army cannot expect to maintain a large military presence in Iraq, as was the case in Germany and Japan during the past eight decades, but the Biden administration also cannot bear the costs of supervising a chaotic withdrawal from Iraq, which would be smaller in size than the withdrawal from Afghanistan, but it will serve as another indicator of the decline of American influence.
Rebuilding Iraqi state institutions
On the internal level, the report considered that the only viable solution in the long term is to rebuild Iraqi state institutions, get rid of corruption and nepotism that undermine the Iraqi state, and strengthen the militias that are loyal to Tehran, which requires the presence of political parties and politicians committed to public service, and you can confront For foreign governments that interfere in Iraqi affairs, especially Iran, but this possibility remains unlikely as long as what the report called “Iranian agents” continuously obtain money through corruption and extortion.
The report concluded by saying that the decline in American and international involvement in Iraq would make political change more difficult by removing the opportunities available to Washington to push the Iraqi government to rein in the militias, adding that even if the American presence was limited, it would give Iraqi leaders the influence to resist pressure. Armed factions and independent decision-making.
The report concluded by saying that what is at stake in these discussions is much greater than the issue of a few thousand non-combat soldiers, explaining that it is in the interest of Iraq and the United States to negotiate a long-term agreement to settle the issue of the forces and determine the next stage of US-Iraqi relations.
However, the report considered that the most important issue is that such an agreement “would help achieve the much-needed stability, and highlight the need for political leaders in Iraq to deal with the internal challenges facing the country.”
He added, saying that as Washington prepares for the US elections and deals with the repercussions of the war in Gaza, “Iran will search for ways to undermine the United States in the region, and therefore moving forward with its exit from Iraq will constitute a political victory for Tehran, and a strategic loss for Iraq, because it poses a risk of being drawn in further.” To Iranian astronomy.
Looks like the high level Iraqi delegation meetings in Washington today are all BRICS related. Governor of the Central Bank of Iraq includes entire entourage of officials meeting with US Treasury now. They are laying it all out. The Plan is Going Forward.
How coincidental is it that this BRICS+ meeting (including Iran), taking place in Washington DC, was timetabled months ago for next week?
The dimensions of sanctions on Iraqi banks are the criterion for the success of Sudanese’s visit to Washington
Economist - The dimensions of sanctions on Iraqi banks are the criterion for the success of Sudaneses visit to WashingtonInformation/Exclusive:
Economic expert Ahmed Abdel said on Saturday that the success of Sudanese’s visit to Washington lies in removing US sanctions on Iraqi banks.
Abed said in a statement to Al-Maaloma Agency that “Sudani’s success in removing financial sanctions on Iraqi banks will be directly reflected in the economic sector,” noting that “the sanctions affect 34 Iraqi banks and removing them from them will make the difference between the official rate and the equivalent price of the US dollar very small.”
Abdel continued, “The Sudanese has the card of a stable security situation, as well as the investments that the country is witnessing, which are the largest since 2003, which make the Sudanese and his accompanying delegation a strong negotiator before the American side.”
Economists believe that the American policy being followed in Iraq plays on the security and economic issues in order to subject Baghdad to its agendas.
Anyone who does not believe that cryptocurrency has anything to do with the new Digital Banking System is in the Dark Ages.
After next week, we are going to see massive adoption of Bitcoin ETF and Ethereum ETF beyond just the United States of America Markets.
The new drivers of the new economy are Bitcoin and Ethereum at this point, this does not mean they will hold that position over time. It just means they are the first movers.
The liquidity that is about to come in the cryptocurrency market through this Bitcoin halving cannot be understated.
We are witnessing our bridge into the new Digital Banking System. As I have stated before, this is the first RV we are currently and still moving into at this point. This is Phase 1.
Phase 2 will encompass many changes to the Gold and Silver Markets going forward that will support and back our second RV. Our paper currency.
Credit Valuation Adjustments will be taking place on every level of our new Financial System going forward.
Remember, the new Financial system has many layers to it. Each layer stacks one on top of the other to support each other. The moment of truth is here. As one Financial System falls, the building blocks to the new Digital Economy are about to be tested.
This Bitcoin halving will make this asset scarce. The week ahead of us will have many volatile moments in digital assets ending in the culminating event of a halving for Bitcoin. You will hear many people refer to this week's events of turning our Digital Economy into Digital Gold.
Al-Fateh: Al-Sudani’s bag carries with it the hopes of the Iraqis
4-13-2024
Al-Fateh - Al-Sudanis bag carries with it the hopes of the IraqisInformation / Exclusive..
Ali Al-Fatlawi, a member of the Al-Fatah Alliance, said today, Saturday, that Al-Sudani’s visit to Washington and talk about the issue of the Americans’ exit from Iraq represents the desire of all Iraqis.
Al-Fatlawi said in a statement to the “Al-Ma’louma” agency, “The Shiite house is the most important supporter of the Sudanese in his government and his decisions,” noting that “The Sudanese was able to succeed within the Iraqi political system, which in turn exported it abroad, which gives great hope to the Iraqis for success in these files.” .
He added, “The agreements between Sudanese and Biden on the issue of ending the American presence, even if they are concluded, may not last, due to the American elections and the possibility of Trump returning to power, especially since America does not have constants in such matters.”
It is noteworthy that only two days separate us from the Sudanese visit to Washington, carrying with him many files, the most important of which is the file of ending the American presence and the economic file. Will the Sudanese succeed?