Al-Sudani receives an official invitation to visit Sultanate of Oman, 22 DEC

 Al-Sudani receives an official invitation to visit Sultanate of Oman

PM Muhammed S. Al-Sudani received an official invitation to visit the Sultanate of Oman on Saturday.

Al-Sudani received the Minister of Foreign Affairs of the Sultanate of Oman, Badr bin Hamad al-Busaidi as the guest minister delivered a written message from the Sultan of Oman, Haitham bin Tariq, which included an invitation to visit the Sultanate, said the PM's media office in a statement - received by the Iraqi News Agency - INA.

He praised the development of bilateral relations, and the desire to expand the horizons of cooperation "for the benefit of the Iraqi and Omani peoples. "

During the meeting, they discussed the need to strengthen ties between the two countries and enhance bilateral economic and trade exchange, especially the oil derivatives sector as the Iraqi-Omani Joint Committee will be held during the visit of the Omani Foreign Minister at the level of the foreign ministers of the two countries for the first time since its formation." 

They highlighted the latest developments in the Arab region, events on the Syrian scene, and "the necessity of coordinating positions between Arab countries in order to consolidate stability, and confirming what Iraq called for in terms of preserving the integrity of Syrian lands, 

their unity and sovereignty, as well as protecting the ethnic, social and cultural diversity of the Syrian people, in addition to supporting their free choices. The repercussions of the continued aggression on Gaza were also discussed, as well as ways to enhance the steadfastness of our Palestinian people, in addition to the necessity of efforts to consolidate the ceasefire in Lebanon."

CHELLA CC HIGHLIGHTS NOTES, 22 DEC

CHELLA CC HIGHLIGHTS NOTES

Summary

CH Smith hosts a live news update on Iraq, covering the stock exchange, banking reforms, and tourism developments while encouraging community engagement during the holiday season.

Highlights

• 🎥 Live Stream: CH Smith experiments with a multi-platform live stream for engaging discussions.
• 🎄 Holiday Spirit: Emphasizes family and community during the festive season, sharing personal experiences.
• 📈 Stock Performance: Iraqi Stock Exchange traded over 27 billion dinars, reflecting economic activity.
• 🌍 Currency Expansion: Central Bank of Iraq expands external transfer channels to include multiple foreign currencies .
• 🏛️ Tourism Boost: Iraq designated as the Arab tourism capital for 2024, promoting cultural heritage.
• 🤝 Community Donations: Thanks viewers for contributing to charitable efforts for North Carolina families in need.
• 📊 Economic Growth: IMF predicts a 5.3% growth rate for Iraq in 2025, signaling positive economic trends.

Key Insights

• 📺 Innovative Engagement: The live format fosters real-time interactions, making news more accessible and engaging for the audience, enhancing community bonds.
• 🎉 Community Connection: Smith’s emphasis on holiday activities shows the importance of maintaining personal connections while delivering news, making the update feel more relatable.
• 📈 Stock Exchange Activity: The significant trading volume in the Iraqi Stock Exchange indicates a robust market environment, attracting potential investors and signaling economic health.
• 💱 Currency Diversification: The Central Bank’s initiative to expand currency options for external transfers may stabilize the economy, reduce reliance on the dollar, and foster international trade relations.
• 🌍 Tourism Development: Iraq’s recognition as an Arab tourism capital could lead to increased investment in infrastructure and promote cultural tourism, benefiting the local economy.
• ❤️ Charitable Impact: The successful donation drive for families in need illustrates the power of community support and mobilization, reinforcing social responsibility among viewers.
• 📊 Positive Economic Forecast: The IMF’s growth prediction reflects Iraq’s ongoing economic reforms, highlighting the potential for recovery and stability as it navigates political challenges.

MNT GOAT: THERE ARE MANY ARTICLES THAT SAY THAT IRAQ HAVE A RESTORED SECURITY & STABILITY!! #IQD

 

PM Advisor: Government program aims to raise non-oil revenues to 20%, 22 DEC

PM Advisor: Government program aims to raise non-oil revenues to 20%

 Today, 13:02

+A -A

 

Baghdad 

Prime Minister’s Advisor, Muthher Mohammed Saleh, confirmed on Saturday that non-oil revenues have significantly increased in their contribution to the federal budget, adding that the government program aims to raise their share to 20%.

Saleh told the Iraqi News Agency (INA) that "there are two key factors driving the increase in non-oil revenues, which have seen a substantial shift in their role within the federal budget, as highlighted by Prime Minister Mohammed Shia’ al-Sudani. "

He explained that "the first factor is the growth in the non-oil GDP, which is approaching 6% annually. This represents a significant leap in the development of sectors outside the oil economy, including transportation, digital communications technology, housing, construction, infrastructure, agriculture, and industrial transformation."

He further noted that "the second factor is the improvements in the federal budget’s non-oil revenues, driven by high discipline in tax and customs collection, the introduction of digital processes and automation, and the expansion of efforts to address previously untapped tax bases."

 Saleh emphasized that "the progress made aligns with the government’s program, which aims to gradually increase the share of non-oil revenues to 20% from less than 10%, in line with broader economic reforms."

Saleh explained that "this goal is directly linked to the growth in non-oil GDP, as well as the expansion of traditional budget revenue sources, including direct and indirect taxes and various other government revenues. This creates a complementary relationship between financial sustainability and economic sustainability over time, which is one of the key objectives of the government program."

Prime Minister Mohammed Shia’ al-Sudani had previously confirmed in a special interview on Iraqi News Channel, followed by INA, that "non-oil revenues have reached 14%, up from 7% previously."

He also noted that "unemployment had dropped from 16.5% to 14.4%, while poverty levels were reduced from 23% to 17%."

MAJEED: " ALMOST DONE WITH AUDITING THE PAYROLL WITH THE NEW RATE !!!, 22 DEC

  MAJEED

READY????? Almost done with auditing the payroll with the new rate based on article 77/I and 5/I of the three years budget .

IRAQI NEWS : Iraqi Deputy Finance Minister Rebaz Hamlan announced that the federal Ministry of Finance and the KRG Finance Ministry are close to finalizing their work on expenditure reviews and resolving technical issues related to the salaries of civil servants in the Kurdistan Region.

BROTHERS TECHNOLOGY : "All arrows are pointing to Go time"!! @DINARREVALUATION #iraqidinar

 

Parliament: The budget tables of 2025 will reach us early next year, 22 DEC

 Parliament: The budget tables of 2025 will reach us early next year

Mawazine News – Baghdad

The Parliamentary Finance Committee, on Friday, determined the date of the arrival of the 2025 budget tables to the House of Representatives, pointing out that the budget schedules will arrive early next year.
“The issue of amending the oil item for the Kurdistan Region is hoped that it will be referred to the 2025 budget tables,

 as it is hoped that the tables will be sent to the House of Representatives at the beginning of next year, according to the Prime Minister,” the head of the Parliamentary Finance Committee, Atwan Al-Atwani, said in a statement from the official agency.

He stressed that “there is a need to find radical solutions to the outstanding problems between the federal government and the regional government,” noting that “the goal is not only to add new items within the budget, but to provide applicable and enforceable clauses.”
He added that “the amendments were presented to the head of the Financial Supervisory Board, who made some observations on the old controversial points related to the settlement of oil dues,” stressing that “the Finance Committee will follow up this file seriously during the coming period.”

https://www.mawazin.net/Details.aspx?jimare=257665

ARIEL: " THIS SHOULD BENEFIT THE IRAQI DINAR, WHICH IS PAIRED WITH XRP" , 22 DEC

BREAKING: Donald Trump signs a deal to integrate $68 billion worth of $XRP into the Federal Reserve and Treasury!

ARIEL

Not sure how accurate this news is. But I will say this in general If this turns out to be true. If XRP becomes a recognized reserve asset or part of international transactions, its liquidity will increase. This should benefit the Iraqi Dinar, which is paired with XRP, by providing it with a more stable and liquid environment for trading. We all know Iraq will also use their gold reserves to help stabilize the IQD as well. This could lead to a more predictable exchange rate for the IQD in international markets, potentially reducing volatility and enhancing investor confidence. Which was always the goal. Ofcourse RLUSD will play a role in this given that it is a Stable Coin.

MAJEED: POSSIBLE RV FORCED, IF THE SHIPMENTS OF CASH DOLLARS FROM AMERICA DONT ARRIVE ON THE 23RD !!

 

Al-Sudani Advisor: The government program seeks to raise non-oil revenues to 20%, 21 DEC

 Al-Sudani Advisor: The government program seeks to raise non-oil revenues to 20%

Baghdad – Mil

The adviser to Prime Minister Mazhar Mohammed Saleh confirmed on Saturday that non-oil revenues have witnessed a significant change in their contribution to budget resources, while the government program seeks to raise them to 20%.

Saleh said: “There are two tracks in the rise in non-oil revenues, which has witnessed a significant shift in its contribution to federal budget resources, and as indicated by Prime Minister Mohammed Shia Al-Sudani,” noting that “the first track is the high growth rate in non-oil GDP to touch 6% annually, and is a leap in the development of productive activities for sectors of economies outside oil, directed by the transport sector, digital communication technology, housing, construction, infrastructure, agriculture and clear industrial transformation.”

He added that “the other track is the development in public budget resources without an oil supplier due to the high discipline in tax and customs collection after the introduction of digital and automation processes and the expansion of the contact with neglected tax vessels,” pointing out that “the progress made is consistent with the government program to seek to raise the share of non-oil revenues over time and within the economic reform packages by making them 20% instead of less than 10%.”

Saleh explained that “this issue is related to the growth in non-oil GDP on the one hand and the financial maximization of budget resources from traditional revenue sources, both direct and indirect taxes and various related government revenues, which generates an integrative relationship between financial sustainability and economic sustainability over time, which is a upper goal of the government program.”

MILITIAMAN CC HIGHLIGHTS NOTES, 21 DEC

 MILITIAMAN CC HIGHLIGHTS

Summary

Iraq’s non-oil revenues are surging, signaling economic growth and new investment opportunities, particularly in technology and global partnerships.

Highlights

• 📈 Non-oil revenues in Iraq jumped 14%, improving budget stability.
• 🚢 New port development indicates security and trade potential.
• 🌐 Iraq seeks global partnerships to boost its industrial sector.
• 💡 Investment opportunities identified in fintech, e-commerce, and agri-tech.
• 💳 8,130 loans granted under Riata initiative to support small enterprises.
• 🔄 Currency exchange reforms aim to stabilize the Iraqi dinar.
• 📊 Interest in the Iraqi Stock Exchange is increasing, reflecting market confidence.

Key Insights

• 📊 Economic Stability: The significant rise in non-oil revenues suggests a more diversified economy, reducing reliance on oil. This stability is crucial for attracting foreign investment.
• 🌍 Global Partnerships : Iraq’s focus on fostering international collaborations can enhance its industrial capabilities and market access, positioning it as a regional hub for trade.
• 🧑‍💻 Tech Investment Potential: The emphasis on fintech and e-commerce indicates a shift towards a digital economy, aligned with global trends that cater to a tech-savvy population.
• 🚀 Support for SMEs: Initiatives like Riata are vital for job creation and economic growth, especially in sectors that boost non-oil revenues, contributing to a healthier economy.
• 💵 Currency Reforms: Efforts to stabilize the dinar amidst fluctuating exchange rates reflect Iraq’s commitment to improving its financial systems and attracting international business.
• 📈 Stock Market Growth: Increased trading volumes on the Iraqi Stock Exchange signal rising investor confidence and interest in Iraq’s economic prospects.
• 🔄 Shift in Trade Dynamics: The move towards alternative currency solutions indicates a strategic pivot in Iraq’s trade relationships, potentially reducing dependence on the US dollar in favor of more diverse economic interactions.

FIREFLY: WHEN THE DOLLAR PLATFORM STOPS , WILL COME A SHOCK!! @DINARREVALUATION #iraqidinar

 

Central Bank: Iraq Expands Foreign Transfers In New Currencies Other Than The Dollar, 21 DEC

 Central Bank: Iraq Expands Foreign Transfers In New Currencies Other Than The Dollar

The Central Bank of Iraq announced on Thursday the expansion of foreign transfer channels for local banks to include new currencies other than the dollar, namely: the Jordanian dinar and the Saudi riyal.

The bank also decided to allow Iraqi banks to finance trade with Turkey in euros after it was previously limited to using them with European Union countries, in addition to transfers available in US dollars, Emirati dirhams, Chinese yuan and Indian rupees.

The bank explained in a statement today that "this step comes within its efforts to expand foreign trade financing options in various currencies and channels, and the bank has begun taking the necessary measures to meet banks' requests in these currencies."

The statement also indicated that "this expansion in foreign transfer channels provides transfer operations at the official price, and aims to streamline transfers and involve a greater number of banks in foreign transfer operations, and expand the horizons of economic cooperation between Iraq and other countries, especially in light of the bank's efforts to find other channels to meet the volume of demand for various foreign currencies according to Iraq's dealings with those countries."

The bank confirmed that "a smooth transition took place during 2024 from the electronic platform to directly approved correspondent banks, and thus the Central Bank achieved a fundamental transformation in line with international banking practices, and this transition is widely praised." https://www.radionawa.com/all-detail.aspx?jimare=40666

WALKINGSTICK: WHEN CURRENCY AUCTIONS STOP THERE WILL BE NO RESTRICTIONS ON THE IRAQI DINAR ON AN INTERNATIONAL LEVEL !!!, 21 DEC

 Walkingstick 

 The IQD is being introduced to its basket members. 

 These foreign currencies that are coming in through the contracts, some of them, if not most of them, will be playing the part in the float of the Middle East basket.  

Why is it that this basket is the next chapter in our study?  

 Because the CBI auctions are ending on December the 31st of this year and there will be no restrictions on the Iraqi dinar on an international level as it was before ...

This is article VIII compliance which allows them to stop the auctions...

Once the float increases the international value of the Iraqi dinar it will start to pair to these currencies in this basket and IMO it will quickly rise in value due to the demand that we are seeing right now.

ARIEL: " THIS SHOULD BENEFIT THE IRAQI DINAR, WHICH IS PAIRED WITH XRP" @DINARREVALUATION #iraqidinar

 

Oil: The Proportion Of Associated Gas Investment Increased To 70%, 21 DEC

 Oil: The Proportion Of Associated Gas Investment Increased To 70%

 
Economy  The Ministry of Oil announced today, Thursday, that the percentage of associated gas investment has increased to 70%. A statement from the ministry - received by the Iraqi News Agency (INA) - stated that “in implementation of the government program and the directives of the Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani, the Undersecretary for Gas Affairs, Izzat Saber Ismail, chaired the leadership meeting for gas projects, in the presence of the general directors of the relevant oil companies and departments.”
 
During the meeting, the agent pointed out the achievements that have been achieved in the associated gas investment sector, which will reach 70% by the end of this year. The agent stressed,
 
“The government and the ministry, through the directives of Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani, are keen to raise gas investment rates in a way that contributes to providing fuel for electric power generation plants and  supporting the national economy.”

The agent added,  “The Ministry has also achieved an achievement in the field of production, storage, and export of liquid gas, as well as increasing gas supply outlets for vehicles, due to the high numbers to which gas systems have been added,” noting,
 
“The number of technical workshops has also increased to raise the level of services provided to citizens.”".

The statement continued,  "During the meeting, the projects implemented by the Ministry to raise associated gas investment rates were reviewed, as well as projects implemented to develop gas fields, to support the energy and industry sector in the country."    https://www.ina.iq/224007--70.html   

BANK STORY, 21 DEC

 From a friend in SoCal: 12/20/24

Went to WFB while I had in hand (One Note) 500,000VND asking for them to exchange it for me……. 

Bank manager had HUGE SMILE on her face and flat out told me give it a few more days and get an appt to exchange it, you will be very-happy and if you have any Dinar bring that too….

 When you come back she confirmed that WFB is the lead bank and that they simply await treasury GO approval that is supposed to be coming in days.

IRAQ IS PREPARING TO THE INTERNATIONAL MARKET INTEGRATION & INCREASE THE VALUE OF THE IRAQI DINAR

 

The Central Bank Of Iraq Challenges The Dollar With New Currencies!, 21 DEC

 The Central Bank Of Iraq Challenges The Dollar With New Currencies!

 
December 19, 2024 Last updated: December 19, 2024   Independent/- In a new step that reflects its approach to strengthening Iraq’s role in the global economy, the  Central Bank of Iraq announced the expansion of external transfer channels for local banks to include new currencies.
 
According to the statement issued today, the Jordanian dinar and the Saudi riyal were added to the list of permitted currencies, in addition to allowing the use of the euro to finance trade with Türkiye after it was limited to European Union countries.

This step comes in addition to currencies previously used, such as the US dollar, UAE dirham, Chinese yuan, and Indian rupee.
 
The Central Bank stressed that this expansion aims to provide broader options for local banks and enable them to meet the needs of foreign trade at official transfer rates.
 
The objectives of the step and its economic consequences
 
According to the statement, this step aims to achieve streamlined financial transfers and the involvement of a larger number of Iraqi banks in external transfer operations.
 
It also seeks to enhance economic cooperation between Iraq and other countries, which contributes to diversifying economic and trade channels and strengthening relations with international partners.
 
The Central Bank explained that the smooth transition that took place during 2024 from using the electronic platform to approved correspondent banks contributed significantly to improving banking operations.
 
This move was widely praised as a fundamental shift in line with international standards.
 
Expanding the economic horizon
 
This announcement comes as the Central Bank seeks to expand the horizons of economic cooperation between  Iraq, neighboring countries and the world.
 
The addition of new currencies reflects a deep understanding of the market needs and Iraq's dealings with various countries.
 
These expansions would support Iraq's ability to
 
     enhance the role of its banking sector in international trade, and
     increase global confidence in the Iraqi banking system.

Towards a modern banking system
 
Thanks to this step, the Central Bank of Iraq continues its efforts to develop the local banking system in line with modern banking practices.
 
It is expected that these expansions will
 
     contribute to improving the efficiency of commercial operations  and
     reducing dependence on traditional currencies,
     enhancing Iraq's economic diversification.
 
Through these measures, the Central Bank of Iraq demonstrated its commitment to developing the financial system to meet local and international needs, thus contributing to enhancing the stability of the  Iraqi economy and achieving sustainable growth.     https://mustaqila.com/البنك-المركزي-العراقي-يتحدى-الدولار-ب/   

TIDBITS FROM FRANK26, 21 DEC

  Frank26 

It's important for you to understand Aki's banks are going to be following American International banking laws.  It's not like you can take your dinars and deposit it in these private banks that will represent the CBI.  No, because they have to follow American banking laws.

 The lower notes are high high priority for security.  Nobody sees them.  Nobody knows where they're at.  High, high priority.  IMO our military guards them...Those lower notes are in position just like everything else is for the monetary reform to finish.

 I will show you the thousands of places where Aki's type of bank will be.  Those are the CBI private banks where you can exchange the IQD for whatever currency you want.  If you're at a bank in Michigan it's converted to American dollars.  If you're in Australia it's converted to Australian currency and so forth and so forth...For everybody outside of Iraq it will be super easy because of all of these exchange centers they are setting up.

BROTHERS TECHNOLOGY: THE BANKS ARE READY TO GO!! , OIL REFORM IS COMPLETE AND GET READY!!#iraqidinar