- Thurs. 1 May 2025 Bruce
Sometime between now and next Wed. 7 May you should get an email from Wells Fargo that instructs how to set up your exchange appointment.
In order for us to exchange there were three things that needed to happen that did happen by yesterday Wed. 30 April. (1) One was taking out the nuclear plant in Iran – which set up a peace agreement in the Middle East. - (2) The second was the agreement between Trump and U*****e to mine precious metals. Russia agreed to a cease fire for three days. (3) The third was the problem with Iran and U*****e integrating into the new banking system. That is to happen by Fri. night 2 May.
There were indications that Dong and Dinar were being exchanged in the Middle East.
Everything was triggered to start today Thurs. 1 May at 2 pm EST.
The latest information was that Tier4b (us, the Internet Group) notifications should come out over the weekend, with appointments starting on Tues. 6 May.
All exchanges are to be finished by Sat. 31 May 2025.
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Friday, May 2, 2025
BRUCE HIGHLIGHTS
THE MAJORITY OF IRAQ’S FINANCIAL ASSETS ARE IN US DOLLARS. AL-SUDANI’S ADVISOR DISCUSSES LINKING IRAQI BANKS TO US BANKS.
THE MAJORITY OF IRAQ’S FINANCIAL ASSETS ARE IN US DOLLARS. AL-SUDANI’S ADVISOR DISCUSSES LINKING IRAQI BANKS TO US BANKS.
On Wednesday, April 30, 2025, Mazhar Mohammed Salih, advisor to the Prime Minister for Financial Affairs, spoke about the repercussions of linking Iraqi banks to American banks.
“As long as Iraq is within the dollar zone like other OPEC countries, with the US dollar constituting the majority of its financial assets from oil revenues, it is in our country’s interest to deal equally with the US commercial banking system as a global correspondent power for national banks, especially when dealing with more than one US bank operating globally (Global Bank) that has major global branches and arms, ” Saleh said in a press statement followed by Al-Jabal.
He pointed out that “the Central Bank of Iraq’s efforts to link national banks with major banks and financial institutions in the United States, with more than one bank that enjoys international standing, is an important means of providing economic stability and improving the investment, trade, and development climate in our country through integration with the dollar trade, banking, and investment zone, which remains one of the strongest and most important monetary zones in the world.”
He stressed that “reducing the costs of foreign banking transactions requires direct banking cooperation with more than one American (Global) bank, and that the Central Bank of Iraq is moving in the right, open, and rapid direction in assessing its priorities to serve the stability of the national economy at the level of foreign banking transactions and implementing them with the required speed and high guarantees.”
He pointed out that “the second American bank is responsible for providing opportunities for Iraqi banks as a global correspondent bank with multiple branches and operations to quickly implement banking operations, whether in transfers or financing foreign trade for our country’s markets, without obstacles and with transparency and high governance. In addition, it provides financing and credit lines for trade and investment in Iraq, as well as benefiting from digital banking services and highly advanced international standards, which will bring our national banks to the required global level. These are factors that encourage the investment and business climate in our country at the same time, in the midst of integration and cooperation with the international banking system.”
Confirmed on Live TV – Announced Exchange Rate: $6.02! – Take Advantage!🔊
Confirmed on Live TV – Announced Exchange Rate: $6.02! – Take Advantage!🔊
Highlights
Summary
Here are reports on the officially confirmed revaluation (RV) of the Iraqi dinar, now pegged at an astonishing exchange rate of $6.02 per dinar.
This landmark announcement marks a seismic shift in the global perception of Iraq’s economy, an event widely broadcasted by major news outlets and attended by key Iraqi officials, financial stakeholders, and international advisors.
As a result of this historical event, dinar holders are witnessing significant financial changes, with many seeing returns of three to four times their original investment.
The speech by Iraqi Prime Minister Muhammad Shia al-Soududani underscored the RV’s implications for Iraq’s sovereignty and fiscal independence, signaling a renewed national confidence. The report emphasizes the importance of being cautious as dinar holders navigate this change, urging them to plan meticulously before exchanging their currency—a process that may involve legal procedures and documentation.
Additionally, the launch of a Central Bank Digital Currency (CBDC) named the digital dinar is discussed as an innovative step into a modern financial landscape, aimed at enhancing transaction security and efficiency.
The international financial community, including the IMF and various governments, is closely monitoring Iraq’s signature move, reflecting cautious optimism about its potential impact on the global economic stage. The video ends by reminding dinar holders to remain informed and strategic as they adjust to this transformative period, emphasizing the need for careful financial stewardship.
- 🌍 Historic Announcement: The Iraqi dinar is officially revalued at $6.02, a figure that exceeds previous market expectations.
- 📈 Investment Returns: Many investors are seeing substantial returns on their dinar holdings, with values reportedly rising three to four times.
- 🏛️ Prime Minister’s Speech: Al-Soududani heralds this RV as a pivotal moment for Iraqi sovereignty and economic strength.
- ⚖️ Caution Advised: Investors are urged to approach currency exchanges methodically, understanding potential legal and tax implications.
- 🔗 Introduction of Digital Dinar: A new Central Bank Digital Currency to streamline transactions and promote financial transparency in Iraq.
- 📊 Global Response: Mixed but generally optimistic reactions from the international community, highlighting Iraq’s newfound economic standing.
- 🤝 Call for Responsibility: Emphasis on prudent financial management and planning as the dinar holders navigate newfound wealth.
Key Insights
💡 Market Disruption: The immediate market reactions to the RV announcement showcase the interconnectedness of global finance, highlighting how significant shifts in one nation can create waves across various financial institutions worldwide. The RV’s confirmation rippled through trading platforms in major financial hubs almost instantaneously, suggesting a highly reactive global economic environment where investors are alert to developments in emerging markets.
🌟 Economic Rebirth: The symbolism behind the dinar’s RV transcends mere financial evaluation; it embodies Iraq’s journey towards stability and growth after years of economic turmoil. This pivotal moment not only signifies a numerical increase in currency value but also represents a collective triumph for the Iraqi people, instilling a sense of pride and renewed hope for a brighter economic future.
📚 Long-Term Implications: The RV’s introduction, especially at the stated rate of $6.02, disrupts previous economic forecasts and places Iraq on a renewed trajectory for international investment. This revaluation may attract foreign interest and bolster Iraq’s economic partnerships, enabling Iraq to strengthen ties within the global market and solidify its position as a key player within the Middle Eastern economy.
🔍 Cautions for Investors: The video emphasizes a critical note of caution, advising dinar holders to thoroughly understand the legal processes surrounding currency exchange. This concept underscores the broader financial landscape where, despite rapid gains, knowledgeable financial stewardship is paramount to ensuring the longevity of newfound wealth.
🖥️ Adaptation to Digital Currency: The launch of the digital dinar represents a substantial leap into modernity, facilitating quicker transactions and greater transparency in financial dealings. The anticipated introduction of CBDC hints at a broader move towards digital economies globally, fostering efficiency that allows Iraq to remain competitive in the 21st-century finance arena.
🌐 International Relations: The reactions from major global powers, including cautious optimism from the U.S. and enthusiasm from European nations, reflect not only the dinar’s potential economic impact but also a shift in diplomatic relations tied to Iraq’s financial strategies. This indicates how economic success can rejuvenate international partnerships and stability within a geopolitical context.
💼 Responsible Wealth Management: Throughout this unprecedented financial shift, the onus is on investors to make informed decisions that reflect long-term wealth stewardship rather than short-term gains. Emphasizing the importance of strategic financial planning exposes the inherent risks associated with sudden wealth and the necessity to build lasting financial legacies.
As a whole, this monumental shift in the valuation of the Iraqi dinar is set against a backdrop of optimism and careful consideration for the future of Iraq’s economy. Investors and stakeholders are now tasked with navigating this complex and promising landscape, where patience and prudence will be critical in translating this opportunity into sustained success.
FOREIGN MINISTER: IRAQ IS COMMITTED TO PRESERVING ITS NATIONAL SOVEREIGNTY.
FOREIGN MINISTER: IRAQ IS COMMITTED TO PRESERVING ITS NATIONAL SOVEREIGNTY.
Foreign Minister Fuad Hussein affirmed on Wednesday that Iraq is committed to preserving its national sovereignty.
A statement by the Foreign Ministry received by (Al-Youm Al-Akhbariya) stated that “Foreign Minister Fuad Hussein held a roundtable with American media outlets at the Iraqi Embassy in Washington, D.C., to review the most prominent regional and international developments and highlight Iraqi foreign policy priorities, stressing “the Iraqi government’s keenness to strengthen partnership with the United States in the political, security, and economic fields.”
He stressed that “the government is working hard to reduce dependence on imports and enhance national capabilities in the field of energy production by diversifying international partnerships and activating new agreements with a number of countries, in addition to benefiting from global expertise in the field of renewable energy and investment in associated gas.
”
He explained that “the presence of American forces falls within the framework of training and advisory support missions, and not within the framework of combat, stressing Iraq’s commitment to preserving its national sovereignty, its keenness to continue security cooperation, and preventing the return of the terrorist organization ISIS, while affirming non-engagement in any regional conflicts.”
Regarding the humanitarian situation in Gaza, he reiterated “Iraq’s firm position in support of calm efforts and its rejection of targeting civilians, stressing that stability in the region will not be achieved without reaching a just and comprehensive settlement.” for the Palestinian cause.”
The meeting also included discussions on developments in the nuclear negotiations with Iran, Iraqi-Syrian relations, and the importance of supporting efforts to combat terrorism and extremism in the region. In this context, according to the statement, he stressed “Iraq’s endeavor to play an effective and balanced role in its Arab and regional environment, based on the principles of mutual respect and common interests.”
TEXAS SNAKE UPDATE
Wed. 30 April 2025
Texas Snake
“Initially Wells Fargo Bank in Sacramento was to release the 800 number.
It is now my understanding that it will be released in Panama..
LAST POSTS OF TEXAS SNAKE
TEXAS SNAKE
HSBC listed the VND on their screen this morning, they have not listed the other 17 currencies as yet.
---
LAST POSTS OF TEXAS SNAKE
TEXAS SNAKE: " The bond releases is directly related to our RV" , 19 APRIL
TRUMP RECEIVES RECOMMENDATION TO EXTEND US FORCES IN IRAQ UNTIL 2029
TRUMP RECEIVES RECOMMENDATION TO EXTEND US FORCES IN IRAQ UNTIL 2029
Trump receives recommendation to extend US forces in Iraq until 2029Shafaq News/ The New Line Institute, an American think tank specializing in political and military affairs, recommended that the Trump administration extend the presence of US forces in Iraq until 2029, warning of the danger of a sudden withdrawal to the capabilities of Iraqi security forces and efforts to combat ISIS.
The website stated in a report translated by Shafaq News Agency, “Following a sharp regional escalation that severed ties with Iran and its proxies in the Middle East, the United States finds itself in a new strategic position in Iraq and Syria, where Iranian influence and capabilities have suffered a severe blow. With the rapid and sudden departure of the Assad regime, allied with Tehran, and the retreat of the Islamic Revolutionary Guard Corps units and forces loyal to it during Israeli strikes, new opportunities loom for American interests in the region.”
The report added, “With Iran’s grip on Damascus and Baghdad weakening—as evidenced by a sharp decline in Iranian and Iranian-backed militia strikes on US assets and partners—the United States and its partners in the Global Coalition to Defeat ISIS face fewer distractions and more room to improve the capabilities of their local partners.”
ISIS is lurking in Iraq
The report indicated that “ISIS fighters have increased their momentum in the Syrian desert in preparation for a return across the border into Iraq, a concern that has prompted the Iraqi federal government to sound the alarm and seek a long-term security partnership with the United States.” It explained that “Baghdad has already expressed initial interest in extending the US timetable for military withdrawal from Iraq, adding three years to the already vague withdrawal plan to hedge against Iran and sudden instability.”
He continued: “The United States has long viewed the rapid timetable for withdrawal from Iraq as an opportunity for Iran, ISIS, and other malign regional actors, jeopardizing regional stability and human security. Washington also has a difficult history with hasty withdrawals from counterterrorism missions.”
He noted that “decision-makers are still haunted by memories of the failed withdrawal from Afghanistan in 2021, in addition to the fact that just three years after US forces concluded their combat mission and withdrew from Iraq, they found themselves returning to the country to fight a new terrorist organization that exploited the vacuum left by US forces.”
He explained that “the second Trump administration represents the beginning of an ambiguous chapter for the American forward presence in the Levant. The new administration has repeatedly expressed its desire to transfer responsibility for regional security in the Middle East to its partner, Israel, and to carry out an immediate military withdrawal. Given its skepticism about the usefulness of a small American forward presence in Iraq and Syria for Washington’s interests, it is likely that President Donald Trump will authorize a rapid withdrawal of American forces from Iraq and Syria.”
The report stressed that “policymakers in Washington and their partners abroad must assess the scenarios that will unfold following the US withdrawal, including how civilian and military missions outside the international coalition, such as the NATO mission in Iraq, will be able to survive on their own, how local forces such as the Iraqi Security Forces and the Syrian Democratic Forces will be able to repel threats from ISIS and pro-Iranian militias without US assistance, and how external actors may seek regional competition or political influence in place of a long-term US presence and partnership.”
Recommendations to stay
The report recommended that Washington seek to “diversify its security influence in Iraq beyond its military presence and capacity-building efforts with Iraqi military forces, and seek to revive cooperation in law enforcement, counternarcotics efforts, border security initiatives, and other areas of coordination.” It noted that “facing a potential US withdrawal from Iraq and Syria or an extension of the withdrawal schedule until 2029, NATO and the European Union should coordinate with Iraqi security forces to develop a strategy for their future presence in Iraq and identify gaps that their missions can fill as the fight against ISIS draws to a close.”
He noted that “with the possibility of withdrawal, the United States should seek greater coordination with other military and civilian capacity-building missions, such as the NATO mission in Iraq and the European Union civilian mission in Iraq, as a sudden US military withdrawal would make these operations vulnerable without careful planning.” He explained that “NATO and the European Union should engage in multilateral discussions with the US government, the Iraqi government, and the Kurdistan Regional Government to develop a strategy for their presence in Iraq in the wake of a potential US withdrawal.”
The US report concluded that, “With ISIS attacks and activity increasing since the fall of President Bashar al-Assad’s regime in December 2024, the United States should encourage the Kurdistan Regional Government and the Iraqi federal government to cooperate with the new Syrian administration and the Hashemite Kingdom of Jordan to increase cooperation on counterterrorism, intelligence, and security, in anticipation of the possibility of ISIS infiltration from the Syrian desert into Iraq and possibly Jordan.”
BREAKING: Iraq just CONFIRMED its integrating directly with multiple U.S. banks
BREAKING:
Iraq just CONFIRMED its integrating directly with multiple U.S. banks as global correspondent hubs.
This is the final connection before Forex activation.
Mazhar Salih, advisor to Iraq’s Prime Minister, just said:
“Linking with U.S. banks provides financing, credit lines, digital banking, and international standards…”
Translation:
Iraq’s banking system just locked into the global financial grid.
No more isolation. No more lag.
They’re calling it:
•“Integration with the international banking system”
•“Rapid, open, and direct coordination”
•“Raising national banks to the global level”
That’s Forex language.
That’s SWIFT + ISO 20022 compliance.
That’s a pre-launch checklist being CLOSED OUT.
This opens the door for:
•Full currency normalization
•International clearing and settlement
•Direct dollar trade routes
•Digital rails to handle massive cross-border flows
They’re flipping the switch behind the curtain.
The public move comes next.
Based on what we now know:
Iraq is 0–30 days out from full Forex readiness.
The budget tables are locked. Execution looks synced to something bigger.
The U.S. banking ties are live.
The CBI HQ ribbon could drop any moment.
The signal has never been clearer.
If you’ve been waiting… this is it.
The system’s wiring is done.
The volume is rising.
And the liquidity floodgate is almost wide open.
Iraq is ready. Are you?
IRAQ INVITES MIKE WALTZ TO VISIT BAGHDAD AND SEE THE POSITIVE DEVELOPMENTS ON THE GROUND
IRAQ INVITES MIKE WALTZ TO VISIT BAGHDAD AND SEE THE POSITIVE DEVELOPMENTS ON THE GROUND.
Foreign Minister Fuad Hussein invited US National Security Advisor Mike Waltz on Tuesday to visit Iraq and observe the “developments” taking place in the country on the security, political, and economic levels. The Foreign Minister meets with the US National Security Advisor at the White House to discuss regional issues and bilateral relations.
On Tuesday, April 29, 2025, at the White House in Washington, D.C., U.S. National Security Advisor Mike Waltz received Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein. The meeting was attended by Eric Trager, Middle East and North Africa Policy Officer, and Matt Vilansky, Director of the Iraq and Syria Office.
At the beginning of the meeting, Mr. Waltz welcomed the Minister’s visit, stressing the importance of continuing dialogue and coordination between the two countries.
For his part, Minister Fuad Hussein gave a detailed presentation on his visit to Washington, outlining its objectives and the outcomes of the bilateral meetings he held with senior US officials.
The two sides discussed the security situation in the region and current challenges. They also discussed the progress of the ongoing negotiations between the Islamic Republic of Iran and the United States of America, emphasizing the importance of reaching agreed-upon outcomes consistent with President Donald Trump’s policy of resolving regional issues through peaceful means.
On another topic, the meeting addressed the issue of oil exports from the Kurdistan Region of Iraq and the outstanding issues between oil companies on the one hand, and the regional and federal governments on the other.
The two sides also reviewed developments in Syria and ways to support regional stability.
At the conclusion of the meeting, Minister Fuad Hussein affirmed that the security situation in Iraq is stable and secure, noting that Baghdad is preparing to receive Arab leaders on May 17th during the Arab Summit.
He also invited the US National Security Advisor and his team to visit Iraq and observe the positive developments the country is witnessing on the security, political, and economic levels.
FIREFLY: he was brought back to control the rate
Frank26
[Iraq boots-on-the-ground report]
FIREFLY:Mr Sammy says Alaq is the man. He was brought back to Iraq to run the CBI...And he was brought back to control the rate.
He worked with Shabibi before his health went bad. Alaq knows the plan...
FRANK: Thank you Mr. Sammy. I'm going to give in because you guys are there. He will release the new exchange rate therefore he's in control but he will release it when it is given to him.
FIREFLY: ...That's why they [Parliament] have tried for so long to get Alaq out of his job. They know he's working on changing the rate.
THE IRAQI ECONOMY IS UNDER THREAT. AN EXPERT WARNS OF THE REPERCUSSIONS OF RELYING ON OIL
THE IRAQI ECONOMY IS UNDER THREAT. AN EXPERT WARNS OF THE REPERCUSSIONS OF RELYING ON OIL
Economic expert Faleh Al-Zaidi warned on Tuesday of the repercussions of Iraq’s continued reliance on oil revenues without taking actual steps to diversify the national economy, stressing that this approach makes the country vulnerable to fluctuations in global markets.
Al-Zaidi explained in a statement to the Al-Maalouma Agency that “oil revenues are by nature subject to fluctuations in the international market and are beyond the direct control of the Iraqi government,” noting that “global political factors often affect oil prices.”
He pointed out that “the trade policies pursued by former US President Donald Trump, including the imposition of tariffs, contributed to an economic recession that affected several countries, including Iraq.”
Al-Zaidi added that “the success of the ongoing negotiations between the US and Iran will have a positive impact on the region, but it has two contrasting effects on Iraq. On the one hand, lifting sanctions on Iran may contribute to increasing oil production and improving gas supplies, which would address some of the electricity shortage problems in Iraq. On the other hand, the increase in oil supply may lead to lower prices.”
He stressed the need to “diversify the Iraqi economy and develop alternative sources of income,” warning that “continued reliance on oil will force the country to resort to borrowing if global prices decline.”
It’s worth noting that Iraqi oil prices fell today in conjunction with a decline in global oil prices as investors lowered their expectations for demand growth due to the ongoing trade war. Iraq has witnessed significant volatility in oil prices since Trump imposed tariffs on most countries around the world, causing a global economic recession.
GOLDILOCKS: BREAKING NEWS: Iraq activates in mid-2025 (GLOBAL ANNOUNCEMENT)
GOLDILOCKS: BREAKING NEWS: Iraq activates in mid-2025 (GLOBAL ANNOUNCEMENT)
Highlights
⏳ : The speaker emphasizes that these developments are a part of a longer-term trajectory for Iraq’s economy and global standing.
Understanding the geopolitical context and remaining aware of how international relationships may influence Iraq’s banking reforms is essential. As other countries move to develop their own currencies, the future role of the dinar in oil transactions will likely remain uncertain amidst ongoing geopolitical tensions.
🌍 Importance of Staying Informed: Finally, the update frames the importance of staying informed in a rapidly evolving global financial landscape.
As new systems come into play and many economies navigate through similar transformations, being part of the dialogue will equip individuals and businesses to respond to changes actively. Regular updates from Goldilocks serve to keep the audience engaged and aware of these significant financial developments.
The update from Goldilocks Global Banking News on the status of Iraq’s economic transformation highlights a period of significant change that could reshape the nation’s role in global finance and trade. The knowledge shared not only informs about the local developments but also situates these changes within the broader context of international banking dynamics and the ongoing demand for modernization in global trade practices.
Special | Directive from Masroor Barzani regarding the resumption of Kurdistan Region oil exports
Special | Directive from Masroor Barzani regarding the resumption of Kurdistan Region oil exports
The President of the Kurdistan Regional Government, Masroor Barzani, directed the team concerned with the process of resuming the export of oil from the Kurdistan Region, to follow several measures to facilitate and accelerate the resumption of the export process.
The Council of Ministers of the Kurdistan Region held, today, Wednesday, April 30, 2025, a regular session under the chairmanship of Prime Minister Masroor Barzani, and in the presence of his deputy, Qobad Talabani.
The session was devoted to discussing two main paragraphs, the first is to discuss the latest developments related to negotiations on the resumption of oil exports from Kurdistan in light of the first amendment to the Iraqi Federal Budget Law, and the joint meetings held with the federal government and oil companies in this regard.
The second paragraph included discussing the proposed draft decision of the Council of Ministers to reorganize the General Directorate of Retirement in the Kurdistan Region, in accordance with the Unified Retirement Law No. (9) of 2014, approved by the Federal Supreme Court.
“More than eight meetings have been held so far between the Kurdistan Region and Baghdad and the teams from both sides, some meetings were held in Baghdad, and others in Erbil,” Kurdistan Regional Government spokesman Bishua Horamani, told the “Jabal” platform, in this regard, adding: “Now there is a good convergence between Erbil and Baghdad about the arrival of a consulting company to evaluate the process of oil extraction in Kurdistan, and determine the cost of the extraction and transportation process.”
“The Prime Minister of the Regional Government, Masroor Barzani, directed during the Council of Ministers session, today, the regional government team to cooperate in all forms in order to resume oil exports, saying: “Just as we were not responsible for stopping oil exports in the past, we will not be an obstacle to the resumption of exports in the future, and we will do all the facilities.”
JON DOWLING UPDATE
Jon Dowling
We’re not quite there yet folks but we’re so very close now.
Things haven’t reached the ultimate climax in terms of being at their worst, as the late great Kim Clement said. Everything’s converging to the middle!
You have Gold rising, which affects the foreign currencies and the dollar, which affects cryptos and exotic bonds.
This is replacing the swift system, which in turn allows the ISO 20022 QFS based system to emerge to the head of the table.
You have manufactured chaos in the middle east, China, Ukraine, which are all smokescreens while human trafficking and corruption on all fronts is being removed by the military.
We have one month until the states fairs occur. What do you imagine will be funding that? The aforementioned items. Finally, don’t believe Iraq’s CBI Cabal based leaders when they say no reset this year.
They said the exact same thing in Kuwait in the early nineties and shifty after they RV ed the dinar then. Know what you hold and hold the line!! 📊👀👀
Fouad Hussein talks from Washington about Iraq’s priorities in the relationship with America
Fouad Hussein talks from Washington about Iraq’s priorities in the relationship with America
Iraqi Foreign Minister Fouad Hussein stressed that strengthening the partnership with the United States of America embodies a priority in Iraq’s foreign policy, pointing to the work of activating new agreements, especially in the field of energy.
This came as part of Hussein’s official visit to the United States, and he met on Tuesday with a group of prominent journalists and correspondents from the American media, at the building of the Embassy of the Republic of Iraq in Washington.
During the meeting, the minister reviewed regional and international developments, and highlighted the priorities of Iraqi foreign policy, stressing the Iraqi government’s keenness to strengthen the partnership with the United States in the political, security and economic fields.
According to a statement issued by the Iraqi Foreign Ministry today, April 30, 2025, “The discussion dealt in particular with the challenges related to energy security in Iraq, as the minister stressed that the government is working hard to reduce dependence on imports and strengthen national capabilities in the field of energy production, through the diversification of international partnerships and activating new agreements with a number of countries, in addition to benefiting from international expertise in the field of renewable energy and the investment of associated gas.”
The deliberations touched on the role of US forces in Iraq, and Hussein stressed that “the presence of these forces falls within the tasks of training and advisory support, not within the framework of combat,” stressing “Iraq’s commitment to preserve its national sovereignty, its keenness to continue security cooperation, and prevent the return of the activity of the terrorist organization ISIS, while stressing not to engage in any regional conflicts.”
Regarding the humanitarian situation in Gaza, Hussein stressed that “stability in the region will not be achieved without reaching a just and comprehensive settlement of the Palestinian issue.”
In other axes, the meeting included a discussion on the developments of nuclear negotiations with Iran, Iraqi-Syrian relations, and the importance of supporting efforts to combat terrorism and extremism in the region. In this context, the Foreign Minister stressed “Iraq’s quest to play an effective and balanced role in its Arab and regional environment, based on the principles of mutual respect and common interests,” according to the Foreign Ministry’s statement.
SANDY INGRAM : World Bank Iraq Summit: Here's what happened
SANDY INGRAM : World Bank Iraq Summit: Here's what happened
Highlights
Summary
The video delves into the ongoing cooperation between Iraq and the United States, particularly in the economic and security sectors. It highlights the interrelationship between Iraq’s economic prospects, the role of international institutions such as the IMF and World Bank, and recent developments regarding security threats, specifically related to ISIS.
The discussion begins with an update on the arrest of an ISIS suspect connected to the tragic New Year’s Eve attack in New Orleans, which underscores the U.S.'s influence and interest in matters of Iraqi security. Additionally, the narrative quickly shifts to Iraq’s economic recovery and development projects funded by the World Bank, which have significant implications for the Iraqi dinar’s valuation.
Noteworthy meetings between Iraqi finance minister Ty Sami and World Bank officials reveal a concerted effort to enhance Iraq’s infrastructure and social development through the implementation of key projects. As these initiatives gain traction, they are expected to improve the overall economic situation and the quality of life for citizens in Iraq.
- 🇺🇸 U.S.-Iraq Cooperation: Ongoing partnership focuses on economic and security collaboration behind closed doors.
- 🏗️ World Bank Engagement: The World Bank is actively funding key infrastructure projects in Iraq, influencing the nation’s GDP.
- 💰 Oil Revenue Management: Following the 2003 invasion, Iraq’s oil revenues were centralized in the Federal Reserve to protect its financial interests.
- 📈 Development Goals: Iraqi officials and World Bank representatives address priority development goals including infrastructure and human development.
- 🚄 Railway Project: A significant railway initiative is part of the projects bolstered by World Bank funding and support.
- 🌱 Focus on Renewable Energy: Plans to expand renewable energy usage are part of Iraq’s broader developmental ambitions.
- 👥 Job Creation Initiatives: Discussions emphasize social protection programs and job creation as vital components for Iraq’s economic resurgence.
Key Insights
🌍 Global Economic Influence on Iraq: The United States, along with international financial institutions like the IMF and World Bank, has a direct role in shaping the economic landscape of Iraq. Their influence is pivotal in determining fiscal policies and aiding in Iraq’s transition toward a more stable economy. This relationship underscores the importance of external forces in post-conflict recovery situations.
🛡️ Security Issues Addressed Systemically: The recent arrest of an ISIS suspect linked to an international terror incident demonstrates the overlapping concerns of domestic security and international relations. U.S. authorities’ involvement indicates a larger trend of transnational cooperation in combating terrorism, which reinforces America’s strategic interest in ensuring a stable Iraq.
💵 Monetary Policy and Economic Stabilization: The concentration of Iraqi oil revenues in the U.S. Federal Reserve reflects a historical compromise to guard Iraq’s financial interests post-Saddam. This move was designed to prevent external entities from seizing Iraqi assets and serves as a benchmark for understanding Iraq’s current financial dealings and its potential to float its currency, the Iraqi dinar.
🏗️ Investment in Infrastructure as a Growth Catalyst: The World Bank’s commitment to infrastructure projects like railways signifies a long-term investment strategy aimed at stimulating economic growth. Infrastructure improvements are critical not only for immediate job creation but also for enhancing transport and logistics capabilities, which are vital for revitalizing trade and commerce within the region.
🤝 Human Development as a Shared Goal: The dialogue regarding social programs emphasizes a shift from purely infrastructural investments to more holistic approaches. This signifies recognition of the need for social stability along with economic growth. Programs concerning health care, education, and social protection can lead to improved quality of life and foster social cohesion.
🌱 Sustainable Development Goals: The discussions indicate a growing awareness about sustainability. Incorporating renewable energy options within development planning reflects a progressive outlook toward creating an environmentally sustainable economy in Iraq, ultimately contributing to global efforts against climate change.
🎯 Future Planning and Continued Partnership: Ongoing discussions and reviews of project progress highlight a commitment to cooperation between Iraqi authorities and international partners. Such collaborations promise a structured approach to development that focuses on accountability and shared objectives, essential elements for Iraq’s ongoing recovery journey.
Conclusion
The video emphasizes the critical interplay between Iraq’s economic revival and international collaboration, particularly between Iraq and the United States. With the backdrop of significant security challenges, the focus on development and infrastructural improvements indicates a comprehensive approach to recovery.
The active engagement of the World Bank suggests a robust framework for both immediate and long-term economic stability, paving the way for a brighter future for Iraq and its citizens.
As this partnership unfolds, it will be crucial to continue monitoring both the economic metrics and the social indicators that together will chart a new course for the nation.