Saturday, March 29, 2025
AL-MANDLAWI: IRAQ IS WITNESSING STABILITY AND HAS AN ATTRACTIVE ENVIRONMENT FOR INVESTMENTS, 30 MARCH
AL-MANDLAWI: IRAQ IS WITNESSING STABILITY AND HAS AN ATTRACTIVE ENVIRONMENT FOR INVESTMENTS
First Deputy Speaker of Parliament Mohsen al-Mandalawi affirmed on Tuesday that Iraq is interested in developing its relations with its brothers, neighbors, and friends. He also stated that Iraq invites reputable companies to invest in Iraq and benefit from its internal stability and attractive environment.
The media office of the First Deputy Speaker of Parliament, Mohsen Al-Mandalawi, said in a statement received by Al-Maalouma that “Al-Mandalawi received the Turkish Ambassador to Iraq, Anil Bora Inan, and his accompanying delegation to discuss a number of important issues at the local and regional levels, as well as bilateral relations and ways to strengthen them in various fields.”
He stressed, according to the statement, that “Iraq is interested in developing its relations with its brothers, neighbors, and friends, and provides significant facilities for solid companies to invest in the country. He called on them to take advantage of the internal stability and attractive environment to expand their participation and presence, particularly in the areas of developing the energy and electricity sectors, improving infrastructure services, and strengthening their economic partnership to serve common interests.”
Al-Mandlawi called for urgent, high-level dialogue between the governments and parliaments of the region’s countries to address threats that destabilize regional security and stability, and to work seriously to prevent the expansion of the conflict, deter the Zionist occupation forces from implementing their malicious plans, and to work together to stop the crimes of genocide in Gaza, and to condemn the ongoing violations of the autonomy of Lebanon, Syria, and Yemen.
EXCERPTS FROM MARKZ, 30 MARCH
EXCERPTS FROM MARKZ
MZ: A high level delegation from the US will be visiting Iraq soon. There are big conversations going on in Iraq. .
MZ: “Sudanese: US sanctions have contributed to reforming the banking system and the rise in the dollar returns to construction” it is more reliable now and international groups are coming to Iraq. Changes being done by Ernst and Young and Iraq fully controls their accounts in the US Federal Reserve and there is no American guardianship over them ! This is big
MZ: He stresses that the reform plan for Central Banks system will be launched at Eid Al Fitr at the end of today … and this plan is most important for the history of Iraq. I would think a new rate would also be important to the history of Iraq. A “Golden Age” if you will.
Rafidain Bank directs its branches to work on Saturdays and Sundays to disburse outstanding financial dues., 30 MARCH
Rafidain Bank directs its branches to work on Saturdays and Sundays to disburse outstanding financial dues.
Today, Friday, March 28, 2025, Rafidain Bank directed its branches to work on Saturdays and Sundays to disburse "pending" financial dues.
A statement from the bank's media office, received by Baghdad Today, stated that "Rafidain Bank has directed its identified branches (Al-Muheet - Arab Quarter - Haifa - Al-Waziriya - Sheikh Omar - Al-Zawiya - Nasr Square - Bab Al-Muadham - Seven Palaces) to work on Saturday and Sunday."
He pointed out that the directive to work is to "disburse financial dues to owners of outlets and collect revenues from petroleum products and gas stations." link
Tishwash: Iraq prepares for the largest leap in electricity production: historic contracts with GE and Siemens and plans to compensate for gas shortages.
Minister of Electricity Ziyad Fadhil revealed on Friday that Iraq is about to sign two historic contracts with the American company General Electric and the German company Siemens to boost electricity production. The first contract will provide 24,000 megawatts, while the second will add 10,000 megawatts to the national grid.
The minister confirmed in a statement received by Al Furat News that "the issue of importing Iranian gas has not yet been resolved, explaining that the ministry has not received any official notification of the suspension of supplies, while discussions on the matter are still ongoing."
In the face of any potential gas supply shortage, Fadel noted that "the government has alternative plans, including the use of kerosene, taking advantage of electricity interconnection projects with neighboring countries, solar power plants, combined-cycle units that do not require fuel, and the establishment of a floating gas platform at the port to enhance energy sources." ;
The minister noted that "the ministry is currently implementing the largest campaign to resolve power grid bottlenecks in all governorates, by upgrading and creating new lines and installing transformer stations, with the goal of achieving greater stability in supply hours."
Regarding warnings of an electricity crisis next summer, Fadel confirmed that "there is an exaggerated hype," emphasizing that the government is well aware of the challenges and has clear plans to address them and ensure stable electricity supply in the coming months. link
TIDBIT FROM MILITIAMAN, 30 MARCH
Militia Man
They talk about integration into the global financial system. So why haven't they done it at 1310?
The answer is because they've not. That's pretty simple. I think we can all see that.
The 112 system, they have in place under the tripartite budget, ...paying salaries etc doesn't turn on the oil into the Kurdistan region...
I believe it's because of a Real Effective Exchange Rate has to be applied for valuation...
AL-SUDANI: IRAQ IS WITNESSING A STATE OF RECOVERY, GROWTH, PROGRESS, AND PROSPERITY, 29 MARCH
AL-SUDANI: IRAQ IS WITNESSING A STATE OF RECOVERY, GROWTH, PROGRESS, AND PROSPERITY
Prime Minister Mohammed Shia al-Sudani affirmed on Tuesday that Iraq is witnessing a clear state of recovery, growth, progress, and prosperity, and that we are working to advance this process. He emphasized that establishing security and stability will enable the state to provide services and implement development and economic projects.
The Prime Minister’s Media Office said in a statement, seen by Al-Eqtisad News, that “Commander-in-Chief of the Armed Forces, Prime Minister Mohammed Shia al-Sudani, joined officers and fighters of the Land Forces Command for a Ramadan iftar meal.”
The statement added that “al-Sudani congratulated those present on the fasting of the holy month of Ramadan, stressing that the security and stability witnessed by the country is thanks to the sacrifices of the members of the security services of all kinds. He pointed to the improvement in security indicators, in light of security and stability, and the decline in terrorist operations, attacks and even criminal crime, stressing that imposing security and stability will enable the state to provide services and implement development and economic projects.”
Al-Sudani stressed – according to the statement – the necessity of securing the fighter’s entitlements and rights, especially those related to providing housing, indicating that “the Ministry of Defense has made significant progress in completing the requirements for distributing residential plots,
and they will soon be distributed in serviced areas among members, as a government commitment, in addition to caring for the families of martyrs and the wounded, without whose sacrifices security and stability would not have been achieved in Iraq.”
The Prime Minister affirmed that “Iraq is witnessing a clear state of recovery, growth, progress and prosperity, and we are working to continue it,” stressing that “we must remain prepared, alert and vigilant, and this is achieved by adhering to basic principles.”
He added that “discipline, commitment, professionalism and readiness to sacrifice are military values that must be present, and leaders, officers, commanders and non-commissioned officers must instill them in their behavior towards army members.” He explained, “We need continuous training and updating its curricula to raise the level and readiness of army members to face various challenges.”
The Prime Minister explained that “the government has made significant strides in empowering the Iraqi army, with all its leadership, formations and types, especially in the field of armament.”
He continued, “Arming the army will be done through several projects that we are working to complete, in addition to rehabilitating the infrastructure of bases and camps. It is our duty to deliver all rights stipulated by laws and decisions to the families of martyrs and the wounded.”
Al-Sudani concluded his remarks by emphasizing that Iraq’s path is moving in the right direction toward brotherhood, solidarity, unity, and a unified national discourse for all Iraqis.
TIDBITS FROM FNU LNU , 30 MARCH
Fnu Lnu
Article: "The Empire Strikes Back: Trump 2.0 and Iraq’s Dollar Accounts at the Federal Reserve"
This article dispels a few of the important myths promulgated by the Dinarian community...
1) The auctions have been stopped
2) The removal of American troops is a fact and inevitable.
3) Iran profits from the dollar auctions
4) DFI funds have been returned to Iraq
5) Iraq is decoupling from the USD
6) the dollar will NOT always dominate Iraq's financial future. I have stated several times that the USA will never leave Iraq.
This comprehensive Iraqi synopsis shows this to be the case.
AL-NUSAIRI: 2025 INDICATORS: A STRONG ECONOMY, A RECOVERING DINAR, AND DEVELOPING BANKS, 29 MARCH
AL-NUSAIRI: 2025 INDICATORS: A STRONG ECONOMY, A RECOVERING DINAR, AND DEVELOPING BANKS
Economic and banking advisor Samir Al-Nusairi confirmed that his predictions, made in previous articles and statements, that our economic indicators in 2025 herald a strong and robust economy based on the availability of foreign currency reserves exceeding $108 billion and 163 tons of gold, sufficient to cover imports for 18 months.
Al-Nusairi said in an interview with Al-Eqtisad News that the local currency issued amounted to approximately 100 trillion dinars, and our dinar is recovering and gradually returning towards an exchange rate against the US dollar towards the equilibrium price targeted by the Central Bank.
Our banks are developing and proceeding at a steady pace in accordance with the Central Bank’s strategy for reform, development, digital transformation and compliance with international standards. The number of Iraqi banks that have banking relations and accounts in solid international correspondent banks and deal with them directly in foreign transfers has reached approximately 20 banks and deal in multiple foreign currencies after leaving the electronic platform at the end of 2024.
He explained that the Central Bank is making great efforts to qualify, develop and assist other banks to join the twenty banks mentioned above, pointing out that it is closely monitoring the reality of monetary policy applications and the Central Bank’s procedures, and its close monitoring of international economic variables and their impact on the Iraqi economy and compliance with international standards that allow Iraq to be regular in the global banking system and control the movement and safety of foreign currency trading.
The banks’ commitment to implementing the new foreign transfer instructions and addressing obstacles as soon as possible has led to refuting the extremist and pessimistic views that say the exchange rate crisis will continue and our situation will be like that of Lebanon, Iran, Syria and Turkey when the dollar devoured the local currencies of these countries.
He explained that through our precise knowledge of the Central Bank’s monetary policy applications, its coverage of the entire demand for the US dollar in the trading market and through its various official outlets, and its control over the distribution of cash dollars according to a new method that the US Treasury praised and considered a globally advanced method for distributing the US dollar, and this is what I confirmed in my previous articles, that the dinar will recover and the crisis is temporary despite all the external and internal reasons.
At the end of his speech on the Central Bank, Al-Nusairi hoped that the next phase would be an evaluation and analysis phase of the achievements made in 2023 and 2024, and a re-evaluation of operating banks and licensed and unlicensed exchange offices, reclassifying them and developing their work in all fields in 2025. He also hoped that stability would be maintained in the financial and monetary system and that important steps would be taken to stimulate and enable the banking sector to contribute to investment and development, as stated in paragraph 7 of axis twelve in the government program for reforming the financial and banking sector, because banking reform is the beginning of comprehensive economic reform.
STATUS OF THE RV . PART 5 BY MNT GOAT, 29 MARCH
STATUS OF THE RV . PART 5
What can the CBI do to gain liquidity in the banks?
☹Before discussing this question, you should first go read the article titled “EMPLOYEES WITHDRAW 8 TRILLION DINARS FROM BANKS IN TWO HOURS.. THE MINISTRY OF FINANCE SEEKS A SOLUTION.”
I quote from the article “Employee and retiree salaries, which amount to approximately 8 trillion dinars, are now paid electronically, but they are withdrawn within two hours, immediately emptying all banks. This must be addressed.”
Apparently, the CBI has NOT yet overcome the liquidity issue of stashes of cash outside the banking system.
There are two issues here to discuss with the Iraqi banking system:
First the article is telling us there is a crisis of confidence despite the electronic system that was put in place. Let me explain. The CBI put in place automatic electronic deposit for employees and retiree’s salaries. This done was to encourage this money to stay within the banks, while the employees use the ATMs just for small petty cash withdrawals. Thus also the strategy of all the ATMs throughout Iraq.
This strategy was hoped would provide the bulk of the money to stay within the banks for loans and to thus allow the banks create banking products to turnover the methods of profit revenues for banks away from almost solely the currency auction spreads of the past. But what just happened with this last payroll cycle?
Secondly, remember the currency auctions are gone, so how will the banks make their money if not through other creative banking products? This is the second issue.
As the article title states, almost the entire payroll was withdrawn from the banks in 2 hours. WOW! WOW! WOW! So, do you think the CBI plans for liquidity in the banks is working? Just asking because many of you are still in denial of what is really happening in Iraq and the obstacles they face to be overcome. Why would they reinstate the dinar at a time like this?
I don’t want to sound negative, however when this happens this does not look good for the Iraqi banking system. Seems to me they still have a problem with these large stashes of cash outside the system. Do you see now why they may very well decide even to go “ALL” digital dinar in the near future.
This of course would require much more infrastructure including wide use of advanced cell phones, digital wallets and other Point of Sale machines.
I will add that maybe, just maybe the real issue is the value of the dinar over the dollar? Will raising the value of the dinar over the dollar force this change to occur. Maybe more strict limits too of how much money can be withdrawn in a period might help. Also maybe more incentives like higher interest rate or promo products might also help to keep the money in the banks.
STATUS OF THE RV . PART. 4 , 29 MARCH
STATUS OF THE RV . PART. 4
😊 If you take the time to read the article titled “PM’S ADVISOR: IRAQ’S OIL EXPORTS TO THE US INCREASED BY 110% IN TWO YEARS” you will soon learn that the situation is much, much different than in the Dr Shabibi days.I mean much better is a much better way…lol..lol..
So why is the dinar then still being suppressed? In other articles today we learned why. The reinstatement of the dinar is called “leverage” the U.S. has over Iraq. When will the finally let it go? Let’s look at the details of this situation in this article today. The economic situation in Iraq is hardly about to crash.
The Prime Minister’s Financial Advisor, Mazhar Mohammed Salih, confirmed that Iraq’s oil exports to the United States
have increased by more than 110% in two years.
Salih told the Iraqi News Agency (INA): “Economic cooperation between Iraq and the United States extends to many diverse investment, trade, and economic fields. Economic cooperation between Iraq and the United States has witnessed remarkable developments in recent years.” He noted that “the volume of trade between the two countries has more than doubled over the past two years, with Iraq’s oil exports to the United States increasing by more than 110%, and Iraq’s imports from the United States increasing significantly over the past two years, with the value of this trade ranging between $9 and $10 billion.”
He explained that “Iraq’s imports were primarily in automobiles, transportation equipment, and engineering and electrical equipment. However, the trade balance remained in Iraq’s favor, with a difference of $5.7 billion, reflecting the continued superiority of Iraqi exports to the United States, particularly in the crude oil sector.”
So, you see even some articles don’t tell the entire story if you don’t read all the news and stop skipping over many of these juicy ones. All I can say is WOW, WOW, WOW! But I assure you there is going to come a time when this game is all over and it will be Iraq who will have the upper hand and all the leverage and not the U.S.
☹“SOURCE: IRAN-US NEGOTIATIONS TO BE HELD IN THE UAE AFTER NOWRUZ HOLIDAY ” :
A media activist close to Iranian political officials revealed on Tuesday (March 25, 2025) that “the indirect negotiations between Tehran and Washington will turn into direct negotiations in the coming days in Abu Dhabi.” The informed media source added, speaking to Baghdad Today, that “negotiations will resume in Abu Dhabi, and this is a step toward achieving further calm.”
I put these articles down as a negative only because of the issue with Iran and its influence over Iraq must settled. These left-over Iranian militias (Nori Al-Maliki’s Mobilization Forces) must be dealt with. Nori Al-Maliki too must be dealt a blow of justice for what he did to Iraq. When will this happen? Remember it was under his watch that ISIS was allowed to come into Iraq. Also under his watch he let the US prematurely withdraw its troops from Iraq. It was under his watch that the corruption and money laundering to Iran began. These networks with the currency auctions began.
Coffee with MarkZ and Mr. Cottrell. 03/28/2025, 29 march
Coffee with MarkZ and Mr. Cottrell. 03/28/2025
Coffee with MarkZ and Mr. Cottrell. 03/28/2025
MarkZ Update- 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 morning everyone! Welcome to another weekend
Member: So fellow RV’ers....Are we just about time to turn this page???
Member: Any new bond updates or group information Mark?
MZ: I have had a number of bond contacts telling me this so now I feel comfortable saying it- that they heard all the bonds will be wrapped up sometime next week. This makes me believe that some have already been “wrapped up”
Member: Maybe 30% have been paid Mark? Maybe April 2 will truly be our liberation day. Praying.
Member: Rumor Confirmed that over these past weeks, memos have been constantly coming in, confirming the RV will be within days to weeks. Also he confirmed that he’s received confirmation on what currencies
MZ: “Senator Cruz introduces companion bill to prohibit the Fed from issuing a CBDC” One has already been introduced in congress and cruz is re-introducing a identical bill. There is now ne in the higher chambers and lower chambers and they are pushing for legislation to limit any potential for a Federal Reserve based CBDC.
Member: Has the rate come out in the Iraqi Gazette yet?
MZ: Not yet
MZ: A high level delegation from the US will be visiting Iraq soon. There are big conversations going on in Iraq. .
MZ: “Sudanese: US sanctions have contributed to reforming the banking system and the rise in the dollar returns to construction” it is more reliable now and international groups are coming to Iraq. Changes being done by Ernst and Young and Iraq fully controls their accounts in the US Federal Reserve and there is no American guardianship over them ! This is big
MZ: He stresses that the reform plan for Central Banks system will be launched at Eid Al Fitr at the end of today … and this plan is most important for the history of Iraq. I would think a new rate would also be important to the history of Iraq. A “Golden Age” if you will.
Member: Eid-Al-Fitr will be tomorrow or Sunday, depending on the moon sighting
Member: Eid Al Fitr is a time of celebration. So, it is a perfect time
Member: I hear the celebrations begin after Ramadan ends……
Member: Does anyone have some insight on what Liberation Day on April 2nd will bring us that Trump has talked about? (Praying it has something to do with the RV maybe?)
Member: I know it has something to do with tarrifs…….maybe taxes as well????
Member: if Tuesday is just the Irs gone. I'd take it
Member: I hear everything is done and we are waiting for US to do it…wish they would.
Member: Coincidence or Not? April 2nd is start of new quarter, XRP case dismissed, Ramadan is over, Trump Liberty speech, Wednesday is Iraq Gazette day?
Member: If we have foreign currency that is not in the first basket do we still take it in to our appointment?
Member: Just take everything…..currency doesn’t take up much room…it’s not heavy to carry
Member: Mississippi just announced the elimination of state income tax. Hope many more follow suit!
Member: Markz -can you solve the rumor of is there going to be an 800# or are we just going to be notified by email. Some are saying no 800#
Member: I was told there would be an 800 number in an email. Have to be able to call for appointments!! Its only common sense……there will probably be several different 800 type numbers depending on where you live. Each country should have their own.
Member: I wonder if we are waiting for the St. Germaine Trust to be opened around April 20?
Member: I asked Alexa if St. Germaine signs his own documents or is auto-pen used, she started swearing at me and then unplugged herself, I’m going to give her the weekend to cool off...lol
Member: Solar eclipse today! Lots of shifts are happening, it’s a good time for the RV
Member: Have a blessed and safe weekend everyone.
Member: Thanks Mark, Mr. C and mods…..Praying this will be the weekend we are waiting for.
Mr. Cottrell joins the stream today. Please listen to the replay for his information and opinions
TIDBIT FROM CLARE, 29 MARCH
Clare
Article: "Al-Sudani: Restrictions are useful, and I asked the Americans about their silence on the dollar chaos before me!"
Quote: "Prime Minister Mohammed Shia al-Sudani...promised to launch a reform plan to correct the banking sector, which is 'the most important in Iraq’s history.'...
The Iraqi banking system has reached such a level of reliability that international banks have begun opening credit lines here. We have contracted with Oliver Wyman to reform the private banking system, and we will launch the reform plan after Eid"
Article: "PM Advisor: Electronic tax collection will achieve greater growth in non-oil revenues this year" Quote: "These positive indicators in electronic collections will occupy a comprehensive space in the current fiscal year, reflecting the development of state revenues..."
FRANK26: "SUDANI GIVES THANKS TO 1310 FOR THIS SUCCESS... NOT. LOL !!!", 29 MARCH
KTFA
FRANK26: "SUDANI GIVES THANKS TO 1310 FOR THIS SUCCESS... NOT. LOL !!!".......F26
Al-Sudani: Iraq is witnessing a state of recovery, growth, progress, and prosperity.
3/25/2025
- Baghdad
Prime Minister Mohammed Shia al-Sudani affirmed on Tuesday that Iraq is witnessing a clear state of recovery, growth, progress, and prosperity, and that we are working to advance this process. He emphasized that establishing security and stability will enable the state to provide services and implement development and economic projects.
The Prime Minister's Media Office said in a statement, seen by Al-Eqtisad News, that "Commander-in-Chief of the Armed Forces, Prime Minister Mohammed Shia al-Sudani, joined officers and fighters of the Land Forces Command for a Ramadan iftar meal."
The statement added that "al-Sudani congratulated those present on the fasting of the holy month of Ramadan, stressing that the security and stability witnessed by the country is thanks to the sacrifices of the members of the security services of all kinds. He pointed to the improvement in security indicators, in light of security and stability, and the decline in terrorist operations, attacks and even criminal crime, stressing that imposing security and stability will enable the state to provide services and implement development and economic projects."
Al-Sudani stressed - according to the statement - the necessity of securing the fighter's entitlements and rights, especially those related to providing housing, indicating that "the Ministry of Defense has made significant progress in completing the requirements for distributing residential plots, and they will soon be distributed in serviced areas among members, as a government commitment, in addition to caring for the families of martyrs and the wounded, without whose sacrifices security and stability would not have been achieved in Iraq."
The Prime Minister affirmed that "Iraq is witnessing a clear state of recovery, growth, progress and prosperity, and we are working to continue it," stressing that "we must remain prepared, alert and vigilant, and this is achieved by adhering to basic principles."
He added that "discipline, commitment, professionalism and readiness to sacrifice are military values that must be present, and leaders, officers, commanders and non-commissioned officers must instill them in their behavior towards army members." He explained, "We need continuous training and updating its curricula to raise the level and readiness of army members to face various challenges."
The Prime Minister explained that "the government has made significant strides in empowering the Iraqi army, with all its leadership, formations and types, especially in the field of armament."
He continued, "Arming the army will be done through several projects that we are working to complete, in addition to rehabilitating the infrastructure of bases and camps. It is our duty to deliver all rights stipulated by laws and decisions to the families of martyrs and the wounded."
Al-Sudani concluded his remarks by emphasizing that Iraq's path is moving in the right direction toward brotherhood, solidarity, unity, and a unified national discourse for all Iraqis.
MILITIAMAN : Iraqi Dinar - International Instructions Approved - Türkiye-US Oil Flow U.S., 29 MARCH
MILITIAMAN : Iraqi Dinar - International Instructions Approved - Türkiye-US Oil Flow U.S.
Highlights
Summary
In this video, Militia Man and Crew provide insights into the latest developments in Iraq, particularly focusing on infrastructure projects, economic reforms, and the country’s evolving financial landscape. The discussion kicks off with the recent establishment of a private company to manage the Development Road Project, which is aimed at enhancing Iraq’s road infrastructure and strengthening its role in global trade.
Key developments include a series of meetings to accelerate this project, particularly emphasizing collaboration with Turkey. Attention is also turned toward the Grand FA Port, which has begun operations through a partnership with KBR and is set to significantly boost Iraq’s capacity for handling goods, strengthening its economic stature.
The Central Bank of Iraq has announced plans to further expand its financial education campaign, aiming to improve citizens’ understanding of economic matters amid a backdrop of financial reforms. Al Sudani, the Prime Minister, addresses the current state of the oil export facilities, indicating a readiness to resume exports, further invigorating the nation’s economy.
The discussion also touches upon the broader implications of these initiatives, highlighting the importance of transparency and international compliance in Iraq’s banking system, as well as the projected launch of the digital dinar. Al Sudani’s remarks suggest an ambitious agenda of reforms that are aimed at elevating Iraq’s economic stability and addressing past inefficiencies in governance. The video wraps up with an encouragement for audience engagement through subscriptions and support of the Patreon community.
- 🌟 New Private Company Established: Iraq establishes a private company to manage the Development Road Project, crucial for enhancing infrastructure and trade.
- 🌍 FA Port Operations: The Grand FA Port is poised to become one of the largest in the region, improving economic trade capacity.
- 📈 Central Bank Expansion Plans: The Central Bank of Iraq is set to expand its financial education campaign to improve public knowledge and participation in the economy.
- 🛢️ Oil Exports Resuming: Al Sudani confirms that the oil export facilities are prepared to resume operations, indicating a positive economic outlook.
- 💻 Launch of Digital Dinar Expected: Discussions around the digital dinar signal a move toward modernizing Iraq’s financial systems.
- 🔍 Transparency in Banking: The Iraqi banking sector is undergoing reforms to align with international compliance standards, enhancing transparency.
- ⚖️ Government’s Commitment to Reform: Al Sudani emphasizes the government’s dedication to significant reform measures, refocusing on crucial development initiatives.
Key Insights
🔍 ;Infrastructure Development is Priority: The establishment of a dedicated private company for managing the Development Road Project signifies a strategic move toward robust infrastructure management in Iraq. This project is anticipated to provide substantial economic benefits, reflecting the government’s focus on improving trade routes and attracting foreign investment.
🌐 Regional Partnerships Grow Stronger: The collaboration with Turkey regarding the Development Road Project and the Grand FA Port illustrates Iraq’s commitment to enhancing regional connectivity. This effort not only focuses on physical infrastructure but also on building strong international partnerships for future trade opportunities.
💡 Financial Education is Key to Economic Growth: The Central Bank’s initiative to expand the ‘I spend for you’ campaign is critical for building financial literacy among citizens. Educating the public about economic strategies and personal finance may result in more informed citizens who can participate in and contribute to the economy effectively.
🚢 Significant Port Development: The Grand FA Port’s expected capacity for handling 99 million tons of goods annually indicates a transformative step towards Iraq becoming a major trade hub in the region. This port project will play a pivotal role in Iraq’s economic recovery and growth.
🛢️ Resuming Oil Exports: The readiness to restart oil exports suggests a revitalization of a crucial economic sector that has underpinned Iraq’s economy. This step could stabilize government revenues and support further development initiatives.
📊 International Compliance is Crucial: Al Sudani’s emphasis on improving transparency and aligning the banking system with international standards is essential for restoring trust with foreign investors and institutions. Adopting global compliance norms may facilitate easier access to international funds and investments.
⚡ Ambition for a Digital Economy: The discussions around launching a digital dinar point toward Iraq’s ambitions for a modernized financial system. This move may enhance transaction efficiency and attractiveness for international trade, especially in today’s digital-first economy.
Overall, the comprehensive insights shared by Militia Man and Crew illuminate the proactive steps taken by Iraq’s government under Prime Minister Al Sudani. The emphasis on infrastructure and financial reform coupled with a focus on international compliance positions Iraq more favorably in the global economic arena. The developments, particularly surrounding the Development Road Project and the FA Port, signal significant momentum in Iraq’s journey toward economic recovery and growth.
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