DINAR REVALUATION

Saturday, June 29, 2024

IMPORTANT IRAQ NEWS: EUROPEAN UNION: THE IRAQI GOVERNMENT HAS ACHIEVED DEVELOPMENT IN INTERNATIONAL INVESTMENT BY MNT GOAT, 29 JUNE

EUROPEAN UNION: THE IRAQI GOVERNMENT HAS ACHIEVED DEVELOPMENT IN INTERNATIONAL INVESTMENT

The European Union announced, on Wednesday, that the Iraqi government has achieved progress in international investment, while noting that it sets an example of cooperation with international legal standards.

The European Union Ambassador to Iraq, Thomas Seiler, said in his speech during the launch of the National Investment Commission conference in cooperation with the United Nations Development Programme, entitled (Mediation: New Horizons for Facilitating Business and Retaining Investors in Iraq), followed by “Al-Iqtisad News,” “I congratulate the Iraqi state and business leaders on the great Iraqi achievement.” represented by the signing of the Singapore Agreement on Mediation,” indicating that “this agreement is considered a basic international treaty that seeks to reach a settlement between the conflicting parties.”

He added, “One of the points of importance for the Iraqi government is the development in international investment as well as commercial transactions, taking into account that disputes may arise due to differences between parties across countries. Therefore, when this happens, the parties need an appropriate method to resolve these disputes in an efficient manner and in an appropriate time, and thus mediation.” It is the one who does this, as it provides an opportunity for the parties to resolve the problem effectively when disputes arise. It also gives an opportunity for the parties to maintain working relationships, which is consistent with the best interest of investors as well as local companies who seek to move forward with investment operations, which are extremely important for Iraq.

He explained that “Iraq, by signing the Singapore Convention, has clearly sent a signal about its commitment to developing the mediation infrastructure, and therefore this requires adopting legislation to enforce mediation operations that take place based on approvals issued by Iraqi courts and are applicable to the parties, as well as the list of countries joining this increasing convention, represented recently by the accession of the Kingdom of Saudi Arabia, Turkey, Jordan and Iran.”

He continued: “After Iraq ratified the New York Convention 2021, we welcome the great efforts to adopt the mediation law and I believe that it will be launched soon,” noting that “the issue of ratification is very important and therefore the Iraqi government is providing evidence and an example of alignment and cooperation with international legal standards as well as through the adoption of these mechanisms for effective alternative dispute resolution, as they are very important for enhancing investment as well as economic development and stability.”

He pointed out that “Iraq has made great progress in the United Nations program as well as through international programs,” stressing “the Iraqi government’s continued support for this process.”

"STATUS OF THE RV" , PART.1, 29 JUNE

STATUS OF THE RV

Most of Europe is now experiencing an unusually HOT summer. Does this mean the world is going to fry over global warming? No, the earth like other summers and winters is showing us its versatility and changes as the planet is a living planet and does not stay the same forever. Is man the cause of these changes? No, although of course man does have an impact, there is nothing is grand scale we can do or even should do, or we might even mess with the order of the eco-systems and actually make it much worst.

But we all know we can especially recycle, stop littering, preserve more land all forests and stop destroying the rain forest. These are simple things we can do that will have a tremendous impact on the “quality of life” not destroy our lives and culture, as the globalist alarmist want to do with this extreme, insane “climate change” bullshit.

So here we sit, and it is nearing the end of June already. I wanted to come on today to also reiterate what we had been told in the past for June and the RV and then to look ahead a bit. What I am about to tell you is not from some speculative opinion or from some three letter agencies or idiots out there that don’t know their asses from their own faces. Instead, I am bringing you FACTUAL news today as I always try to do from my contact who is a dear friend in the Central Bank of Iraq and from bonified articles from Iraqi news channels.

Recently we witnessed a surge of news from many of the prominent global entities including the UN, World Bank, IMF and the EU. All of them praising Iraq and giving “kudos” to them for the hard work and achievements.

Today is not different as the articles once again tell the RV spigot is wide open to the RV. In my last Newsletter I showed you an article about the three phases of the economic redevelopment plan for Iraq. They told us they are now entering the 3rd phase of the plan. Here is their words once again and I posted the article again in the articles section in case you missed it. I quote from the article titled “ ADVISOR TO THE ASSOCIATION OF BANKS: THE CENTRAL BANK’S THIRD STRATEGY IS A NEW METHODOLOGY FOR FINANCIAL AND BANKING REFORM”.

I quote from the article below:

___________________________

“Certainly, these priorities were diagnosed in light of the challenges facing the monetary policy and the banking sector, the implementation steps, and the results achieved by the strategy.”

The first is for the years 2016-2020 and the second strategy is for the years 2021-2023and the stifling economic and financial challenges that Iraq has suffered over the past years.

Work through this strategy is to clearly identify opportunities to overcome the challenges for this and for the purpose of implementing the banking reform methodology according to what was stated in the strategy and according to an insight into the priorities and challenges that The Iraqi banking sector is suffering from it.

The Central Bank made exceptional efforts during this year and last year, completing the first phase of it and began implementing the second phase.

Many of the primary and secondary objectives were achieved, and it is trying to complete the achievement of all the objectives in the second half of 2024 and the years 2025 and 2026 of the plan that has been proven to have been prepared and planned. It has identified advanced steps on the path to systematic implementation of the desired financial and banking reform in Iraq.”....TO BE CONTINUED

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

Weekend News with MarkZ. 06/29/2024

🔥 Iraqi Dinar 🔥 Timeframe July 4th to 8th 🔥Today News Guru Intel Value U...

ADVISOR TO THE ASSOCIATION OF BANKS: THE CENTRAL BANK’S THIRD STRATEGY IS A NEW METHODOLOGY FOR FINANCIAL AND BANKING REFORM

ADVISOR TO THE ASSOCIATION OF BANKS: THE CENTRAL BANK’S THIRD STRATEGY IS A NEW METHODOLOGY FOR FINANCIAL AND BANKING REFORM

Samir Al-Nusairi, advisor to the Iraqi Private Banks Association, confirmed that the Central Bank’s third strategy has drawn up a road map and programs with clear goals and initiatives for a period of three years in a special, complex, and risk-filled economic and financial situation.

Al-Nusairi said, in an interview from Makkah Al-Mukarramah, exclusively for “Al-Iqtisad News,” that “the Central Bank’s third strategy for the years (2024-2026), which derived its main and subsidiary objectives from the general economic policies of the state and its strategy for financial and banking reform that the government adopted in the government curriculum and from Central Bank Law No. 56 of 2004, and the new strategy has drawn up a road map and programs with clear objectives and initiatives for a period of three years in a special and complex economic and financial circumstance full of risks and challenges at the level of internal and external economic and financial relations.”

He pointed out, “What concerns us as specialists in economic, financial, and banking affairs is what are the new mechanisms and policies that the Central Bank has adopted in its monetary policy and banking reform? According to the approach of the fundamental change desired for the national economy, in which the banking sector constitutes the first and basic link and the implementer of monetary policy applications.”

Al-Nusairi explained that “the Central Bank’s third strategy set the basic goals at 7 goals, the sub-goals at 80 goals, and 75 initiatives to achieve the basic and subsidiary goals and charted the way for banking and financial reform in accordance with the following strategic goals: –

1- Supporting and enhancing monetary stability.

2- Promoting digital transformation and activating electronic payment.” Strengthening cybersecurity in the Central Bank and the banking sector.

3- Promoting financial inclusion.

4- Maintaining a sound financial system that guarantees the rights of its customers.

5- Developing the organizational structure and developing human resources capabilities in the central bank.

6- Strengthening the position of the central bank locally and internationally.

7- Strengthening the compliance of the banking sector Non-banking institutions in line with international standards.

He added, “These strategic objectives have been defined as programs and policies to achieve the primary and subsidiary objectives and their most prominent initiatives in achieving the first strategic objective, which is the national lending strategy, which will restructure banking financing in Iraq and the initiative to leave the electronic platform and adopt correspondent banks in Iraq.”

External transfers and the objectives emphasize protecting the financial system, enhancing financial inclusion, managing monetary and financial stability, developing control and supervision, developing regulation in the banking sector, completing the development of the organizational structure in the central bank in accordance with the frameworks and techniques adopted in international central banks, raising the capabilities of human resources, developing banking operations, and strengthening bank relations. internal and external, and to represent him locally and internationally.”

Al-Nusairi concluded, “By analyzing the mechanisms and action points to achieve the above goals, we note that the strategy identified the planning team, the implementation team, the implementation mechanisms, and responsibility. It also identified clear priorities for achieving reform.

Certainly, these priorities were diagnosed in light of the challenges facing the monetary policy and the banking sector, the implementation steps, and the results achieved by the strategy.”

The first is for the years 2016-2020 and the second strategy is for the years 2021-2023 and the stifling economic and financial challenges that Iraq has suffered over the past years.