PM Muhammed S. Al-Sudani confirmed on Tuesday that Washington is a major partner for Iraq and that the government is working to build “a stable institutional relationship”, noting that it is determined to create a new Iraq based on its cultural heritage.
“Iraq has a special way of dealing with the will to survive. The Iraqi citizen is one of the most self-confident personalities, and cannot be subject to any party,” said the Prime Minister in an interview with the “Elaph” online newspaper – followed by the Iraqi News Agency – INA.
Al-Sudani pointed out that “portraying Iraq as subordinate to any country contradicts the historical character of the country,” stressing that “the relationship between Iraq and the United Kingdom has a uniquely special way to deal with it.”
“Baghdad is working to build a stable institutional relationship with Washington. The United States remains a major partner for Iraq. We are committed to a policy of openness and true partnership,” he added.
He stressed, saying: “Today, we are facing a new phase in our relationship with the United Kingdom, and Iraq plays a pivotal role as an effective mediator between various regional parties. Baghdad has become a center for calm dialogue that aims to bridge the gap between the parties.”
Al-Sudani pointed out that “Riyadh is a key partner in the Iraqi economic equation. The electrical connection with Saudi Arabia is not just a technical project, but a step towards achieving long-term economic integration,” stressing that “the country is moving confidently towards institutional reform.”
In this detailed video, the speaker, representing the MMC Militia Man and Crew, discusses significant developments in Iraq’s political and economic landscape, particularly surrounding the upcoming discussions in the House of Representatives about amendments to the budget and potential changes to the Iraqi dinar’s exchange rate.
The speaker emphasizes the importance of accurate information dissemination and the role of various organizations, including the UN and the World Trade Organization, in Iraq’s international relations and economic stabilization.
He also touches on the central bank’s stance on electronic payments and the necessity for the Kurdistan region to resolve outstanding issues with the federal government, particularly concerning salaries and oil exports. Overall, the speaker expresses optimism about Iraq’s future stability and growth while urging caution against misinformation.
🇺🇸 Inauguration Day: The video begins with a greeting on Inauguration Day in the U.S., setting a tone of optimism and importance for the discussions ahead.
🏛️ House of Representatives Agenda: The speaker highlights the upcoming session in Congress focusing on amendments that may affect Iraq’s economic policies.
📈 Potential Exchange Rate Changes: Discussion revolves around the potential for a new exchange rate for the Iraqi dinar, signaling a pivotal moment in Iraq’s economic strategy.
🌍 International Cooperation: Acknowledgment of Iraq’s growing ties with international organizations, including the UN and World Trade Organization, as part of a broader push towards economic reform.
🏦 Central Bank’s Position: The central bank’s recent decisions regarding electronic payments are discussed, indicating a shift towards modernization in Iraq’s financial dealings.
💼 Kurdistan’s Economic Challenges: The ongoing negotiations between the Kurdistan region and Baghdad concerning salaries and oil exports are emphasized as critical issues.
📰 Misinformation Warning: The speaker warns against fake news and urges viewers to rely on official channels for accurate information about Iraq’s economic situation.
Key Insights
📅 Importance of Timely Legislative Actions: The discussion surrounding amendments to the budget underscores the impact of legislative decisions on Iraq’s economic stability. The anticipation of these changes affects market sentiments and investor confidence. With significant delays in the legislative process, the urgency for swift action is crucial to prevent further economic deterioration.
💡 Digital Transformation and Economic Reform: The speaker highlights the ongoing digital transformation in Iraq, particularly with the central bank’s move towards electronic payments. This shift not only modernizes the banking system but also aligns Iraq with global trends towards digitization, enhancing transparency and efficiency in financial transactions.
🤝
;Role of International Organizations: The involvement of international organizations like the UN and the WTO in Iraq’s economic reform signifies a commitment to stability and growth. Their guidance is essential for Iraq as it navigates complex economic challenges and seeks to integrate into the global economy, thereby attracting foreign investment.
⚖️ The Need for Accurate Information: The emphasis on the necessity of obtaining information from official sources reflects a broader concern about misinformation. In a volatile economic environment, having access to reliable information is vital for citizens and investors to make informed decisions, impacting overall market stability.
🌐 Kurdistan’s Financial Negotiations: The ongoing dialogue between the Kurdistan region and the central government regarding salaries and oil exports highlights the intricate balance of power within Iraq. These negotiations are critical for ensuring economic equity and addressing the financial needs of the Kurdish population, which has faced significant hardships due to political strife.
🔍 Market Reactions to Political Changes: The speaker’s observations about the upcoming political agreements in Parliament indicate that market reactions are closely tied to political stability and legislative outcomes. The anticipation of new laws and amendments can significantly influence investor confidence and economic forecasts.
📢 Promoting a Positive Image of Iraq: The discussion on the media’s role in portraying Iraq positively emphasizes the importance of national narratives in shaping both domestic and international perceptions. A stable and prosperous image can attract investment and support, fostering an environment conducive to growth and development.
Overall, the video encapsulates a critical moment in Iraq’s political and economic journey, marked by legislative changes, international cooperation, and the pressing need for accurate information amidst the complexities of governance and market dynamics. The speaker’s insights encourage a proactive approach to understanding these developments, underscoring the interconnectedness of political actions and economic consequences in shaping Iraq’s future. As viewers engage in this discourse, they are reminded of the vital role that informed citizens play in the pursuit of national stability and progress.
The Ministry of Foreign Affairs – MOFA welcomed on Tuesday the UK’s decision to downgrade Iraq’s security rating.
“MOFA welcomes the UK’s decision to reclassify Iraq’s security rating. This step is considered an important achievement that reflects the significant improvement in the security situation and the Iraqi government’s ongoing efforts to achieve stability and enhance a safe and encouraging environment for investment and work,” said the ministry in a statement – received by the Iraqi News Agency – INA.
The statement added that “reducing the security rating will open the way for British companies to enter the Iraqi market. The decision will contribute to reducing the costs of travel and work insurance, which enhances opportunities for economic and investment cooperation between Iraq and the United Kingdom.”
“In this context, the ministry calls on other Western countries, including the United States of America, Canada, and the European Union countries (Germany, France, Belgium, Italy, Austria, and the Netherlands), to reconsider their security ratings for Iraq, and the ministry encourages these countries to take similar steps that support Iraq’s efforts to enhance economic cooperation,” said the Ministry’s statement.
MOFA confirmed that “Deputy PM and Minister of Foreign Affairs Fuad Hussein will work to send official messages to the concerned countries, urging them to review their security classifications of Iraq in line with the positive developments and the noticeable improvement in the security situation.”
“MOFA renewed commitments to working with its international partners to strengthen bilateral relations and provide an appropriate environment for expanding cooperation in various fields, in a way that serves common interests and enhances stability and development in Iraq and the region,” included in the statement.
Well folks from everything I am hearing the new rate has been established, the CBI is recognized by FORED the people in country are spending the lower denom dinar and it is the Preiminer who is with holding the release for a political consideration from his cabinet.
Directive from the Central Bank regarding the 5,000 dinar banknotes
The Central Bank stressed, on Monday, that Iraqi banknotes are homogeneous in all their denominations and are accepted by all its branches, and that the delivery of one denomination and the rejection of another by certain banks is a violation of the law, requesting a list of the names of these banks.
text of document: Date 1/16/2025
Federation of Iraqi Chambers of Commerce / President's Office
m/damaged currency
Greetings.
Your letter No. 1 dated 1/5/2025 regarding banks that refuse to receive small denomination banknotes and the (5,000) dinar denomination.
We would like to inform you that the instructions of this bank stipulate that Iraqi banknotes are homogeneous in their various categories, have absolute legal tender and are accepted by the Central Bank of Iraq, its branches, banks, institutions and the public. Discrimination between their categories by imposing a certain category on the public or refusing to receive a certain category is unacceptable and is considered a violation of the law.
We hope you will provide us with the names of the violating banks that refused to receive banknotes. With appreciation. link
Hi guys I like to offer a incredible thank you to an incredible humanitarian Charlie Ward as he was always right that nothing was going to happen till Biden is removed from power and he told me that two years ago and he never ever waived from that.
I should’ve listen to him and stayed on that course. Most of the Intel during all this time was total disinformation to catch the bad guys and I suppose people like myself were used to deliver disinformation not to harm you but to catch these criminals.
Today Tues. 21 Jan. 2025
everything starts. I was told but not confirmed that notifications will start tonight and if it does happen the opera will be up.
President of the Republic: Our participation in Davos confirms Iraq's growing role in the global arena
President of the Republic Abdul Latif Jamal Rashid stressed that Iraq's participation in the Davos talks confirms its growing role in the global arena.
Rashid said in a tweet on the (X) platform, followed by the Iraqi News Agency (INA), "I am proud to see Iraq and the Kurdistan Region well represented in Davos, which is an important annual gathering of global leaders and thinkers. Our participation in these talks confirms Iraq's growing role in the global arena and our commitment to confronting common challenges through dialogue, innovation and cooperation." link'
FIREFLY: There is a news program on television right now talking about currencies and the countries of these currencies.
It looks like they want to give us more monetary reform education before they give us our new currency...One of them is Kuwait dinar...the currency is $3.23 with $105 million in reserve.
We, Iraq have $145 million in reserves and we say that we are 43% higher in reserves in Kuwait...We should be also having stronger currency too as we see it.
Al-Sudani in a telegram to Trump: We are committed to strategic relations under the umbrella of respect for sovereignty and non-interference
Prime Minister Mohammed Shia Al-Sudani sent a congratulatory telegram today, Tuesday, to US President Donald Trump, on the occasion of his assumption of office as President of the United States of America.
Al-Sudani indicated in the telegram, according to a statement from his office, a copy of which was received by {Euphrates News}, that Iraq aspires to strengthen the bonds of cooperation and partnership with the United States, within the framework of the strategic agreement and the common interests of the two countries, stressing the importance of working to support the foundations of stability, security and development regionally and internationally.
Al-Sudani stated that the Iraqi government adheres to strategic relations with the United States, and seeks to activate and expand the scope of implementing all bilateral memoranda of understanding, and bilateral security and economic coordination, under the umbrella of respect for sovereignty, non-interference in internal affairs, and supporting bilateral exchange in the cultural and technological fields, and the fields of investment and sustainable development. link
“Things are in motion. The Tier 4B group things won’t start until two or three hrs after the inauguration onMon. 20 Jan. T4B EventIntel said atSunrise tomorrow, Tues. 21 Jan 2025,
the IQD should be on the London Stock Exchange and already climbing and short on the heels of the Lira.
The British pound shall fall.
Q Military: “Long Live the Dinar.”
Mountain Goat: “I am told by my CBI contact that they are giving Iraq a “thumbs up” to move ahead.”
The largest oil reserve was discovered in central Iraq
The Middle Oil Company, in cooperation with the Chinese company (EBS), announced the achievement of a major oil discovery in the East Baghdad South Field.
The company's general manager, Mohammed Yassin Hassan, stated in a statement received by {Euphrates News} a copy of it that the main exploratory well testing operations in the East Baghdad field had achieved great success, as a highly productive oil flow of medium and light oil was obtained.
It is expected to add more than two billion barrels to Iraq's oil reserves, making it the largest oil discovery in central Iraq.
The Director General pointed out that the initial tests of the well showed a daily production rate of up to 5,000 barrels of crude oil.
Yassin praised the fruitful cooperation between Iraqi engineers at the Middle Oil Company and their counterparts at the Chinese EBS Company, which resulted in precise planning and strict implementation of well testing procedures in areas within the oil field.
This discovery is of strategic importance as it adds to Iraq’s oil reserves, which rank fifth in the world in proven reserves. This achievement also enhances the production capabilities of Iraq, one of the founding and influential members of the Organization of the Petroleum Exporting Countries (OPEC), which supports its pivotal role in the global energy market. link
I prefer a float. I don't want to be in a basket, start out slow. It might be good, better control of everything, inflation, GDP, everything but I'm from America, we want a New York nanosecond right now.
I'd rather just go over to the float, start at $3.22 and let it go...and then cap it.
Question: "Will there be more than one rate at the bank? Will there be a special rate?" No. The exchange rate of the Iraqi dinar will only have one exchange rate.
FRANK26: "CBI CLEANS THEIR SITES LIKE THEIR FLOOR!!!"......F26
Rafidain Bank announces cyber partnership with the Ministry of Interior to combat fake pages and websites
1/19/2025
Rafidain Bank Media Office:
Rafidain Bank announces a strategic partnership with the Cyber Security Center at the Ministry of Interior to combat fake pages and websites that promote false news claiming to provide services such as advances, loans and banking facilities with the aim of defrauding citizens and exploiting the bank's name.
The Financial Inclusion Department at Rafidain Bank confirmed that the Cyber Security Center monitored these fake pages and published their details on its official website, calling on citizens to avoid dealing with these unreliable entities. The bank stressed the importance of being aware and cautious to protect banking data, while emphasizing that financial transactions are only carried out through the bank's official channels.
Quote: "The Central bank of Iraq reviewed the excellence enjoyed by Iraqi bank notes as they are one of the most complex security marks and were manufactured from the best types of paper used in printing bank notes to ensure quality and safety."
They show older currency of course but they're not going to share with you the new currency because of counterfeiting...
You ask yourself, well, they're going to be reproducing new 25k notes for 1310 as an exchange rate to the US dollar?
Why are you doing that now?
You already have many security features, the 25k note is full of them...Do they really mean new notes? I think they do.
FRANK26: "IN MY OPINION, THERE IS A 3RD READING!!!"...........F26
Parliamentary Finance Committee votes on the proposal to amend Paragraph 12 of the Budget Law
1/19/2025
The Finance Committee announced, today, Sunday, the vote on the proposal to amend Paragraph 12 of the Federal General Budget Law, as it came from the government.
Earlier today, the committee announced that a vote on amending Article 12 of the budget related to the Kurdistan Region’s oil was imminent, while it pointed out the most prominent proposals submitted to amend this paragraph. The head of the committee, Atwan Al-Atwani, said in a speech during a committee meeting, according to a statement received by {Al-Furat News}, that "the committee's meetings are continuing to discuss amending Article 12 of the budget law related to the Kurdistan Region's oil," indicating that "the committee has reached the final stages of completing the hosting and providing a lot of information in preparation for voting on the amendment today." He added, "It is necessary for there to be a decision from the committee to submit the draft law to a vote," expressing his hope that "an agreement will be reached to vote on this draft law, which complements the 2023 budget."
He pointed out that "there are a number of committee members who have raised many paragraphs and submitted proposals, and we will raise them so that everyone is aware of them, but they cannot be added considering that the project is an amendment and not budget tables," indicating that "the committee's opinion from the beginning is to proceed with amending the law, but we do not want the clauses and amendments to be like their predecessors, unproductive amendments."
He explained that "the committee added to the amendment paragraphs the obligation of the parties, whether the Ministry of Finance or the Ministry of Oil Resources, to adhere to the outputs of the consulting company," stressing that "there must be an obligation for both parties."
Al-Atwani concluded by saying, “The consulting company must have a working period that may end in 2025, and it has not achieved results,” stressing, “We are keen to implement the results during this year to be a basis for 2026.”
