REINALDO JC: " Behind the scenes they’re already prepared" @DINARREVALUATION #iraqidinar #iqd

 

JOC , NATO Discuss Enhancing Cooperation and Coordination, 7 JAN

 JOC , NATO Discuss Enhancing Cooperation and Coordination

Baghdad-INA
Iraqi Joint Operations Command (JOC) discussed Today, Monday, cooperation and coordination with the NATO Joint Operations Command.

"Deputy Commander of Joint Operations, Lieutenant General Qais Al-Muhammadawi, met in his office today, Monday, with the Commander of the NATO Joint Operations Command, Admiral Stuart Munch, and his accompanying delegation," JOC stated in a statement received by the Iraqi News Agency (INA).

She added, "At the beginning of the meeting, Deputy Commander of Joint Operations welcomed his guest and discussed with him a number of topics of common interest, most notably enhancing cooperation, joint coordination and bilateral relations," stressing that "the capabilities of the Iraqi security forces are constantly developing through the training and experience they gained in the battles against the terrorist ISIS gangs, especially since our security forces and intelligence systems are pursuing the remaining ISIS gang."

The Deputy Commander of Joint Operations stressed - according to the statement - "the importance of cooperation according to bilateral memoranda in line with the constitution and laws in force and in accordance with the vision and approach of the Iraqi government and senior security leaders, while emphasizing the importance of empowering and equipping Iraqi forces and using modern technology and technical equipment," offering his thanks and appreciation to NATO for providing advice and assistance in training and exchanging expertise.

 For his part, the guest praised the bilateral relationship between the two countries, offering his thanks and appreciation for the warm reception and welcome. 

The Commander of NATO's Joint Operations Command praised the "great development in the capabilities of the Iraqi security forces and their ability to confront challenges."

MAJEED: IRAQI DINAR WILL BE ACTIVE ON FOREX ON 7 JAN, 7 JAN

 MAJEED

BOOOOOOOOOOOOOOOOOOOOOM Tue 7th “The Authority emphasizes its efforts to regulate the market, enhance transparency, and foster public and private sector participation. The event marks the beginning of a promising year for the Iraqi stock market.” All that happening on Tuesday And no, they do not have to wait for the stock market to open Because Forex is an international market that does not depend on the stock market of the country to be open They already adjusted the payroll and they will start paying the salaries on Sunday based on the new rate… if people getting less money without knowing that rate has changed inside the country, they will go insane so the government has to announce it to them

MNT GOAT: WHAT TOLD ME MY CBI CONTACT HOW WILL ARRIVE OUR RV @DINARREVALUATION #iraqidinarinvestor

 

Al-Mandlawi confirms to US delegation Iraq's firm position to prevent conflicts in all their forms, 7 JAN

 Al-Mandlawi confirms to US delegation Iraq's firm position to prevent conflicts in all their forms

Baghdad-INA
The First Deputy Speaker of Parliament , Mohsen Al-Mandalawi, confirmed on  Monday, to an American delegation Iraq's firm position on the necessity of preventing conflicts in all their forms.

The media office of the First Deputy Speaker of Parliament stated in a statement - received by the Iraqi News Agency (INA) - that "First Deputy Speaker of Parliament Mohsen Al-Mandalawi received at his residence, today, Monday, the Director of the Political Section at the US Embassy in Iraq, Michelle Siders, and her accompanying delegation; to discuss the latest developments in the region and ways to enhance cooperation in files of mutual interest between the two countries."

Al-Mandlawi pointed out - according to the statement - "the necessity of the international community to pressure to stop the Zionist attacks on Gaza and the violations on Lebanon, and to take urgent action to end the crimes of genocide and the series of wars and conflicts in the region and the world, and to allow the entry of humanitarian aid." 

The statement stressed, "Iraq's firm position on the necessity of preventing conflicts in all their forms, establishing the foundations of regional stability and moving towards reconstruction and building and strengthening the frameworks of foreign relations in light of mutual respect with the countries of the world."

NADER FROM MID EAST CC HIGHLIGHTS NOTES: SUCCESS, SUCCESS, SUCCESS IQD, 7 JAN

NADER FROM MID EAST CC HIGHLIGHTS NOTES

Highlights

Summary

In a recent interview, Samir Al-Nueri, an advisor and member of the International Union of Arab Bankers, discussed the positive financial indicators released by the Central Bank of Iraq for the third quarter of 2024. He highlighted that a careful analysis demonstrated significant growth in various banking sectors compared to the same period in previous years (2022 and 2023). 

Notably, the Central Bank of Iraq decided to suspend operations on its electronic platform by December 31, 2024, reflecting a strategic shift in its operational framework. 

Al-Nueri emphasized the success of the monetary policy implemented by the bank in 2024, which contributed to the positive financial results. Key indicators of this success include increased total deposits in banks, substantial growth in cash credit extended by these banks, and an upward trend in the cash supply across Iraq. 

These developments suggest a strengthening banking sector, which may have broader implications for Iraq’s economic landscape.

• 📈 Positive Banking Growth: The Central Bank of Iraq reported significant growth in total deposits with banks for the third quarter of 2024.
• 💳 Increased Credit Supply: Cash credit extended by operating banks in Iraq saw substantial growth, indicating a robust lending environment.
• 🏦 Private Banks Performance: Deposits at private banks operating in Iraq also experienced noteworthy growth, reflecting investor confidence.
• 📊 Monetary Policy Success:  The successful monetary policy executed by the Central Bank in 2024 played a crucial role in achieving these positive indicators.
• ⏳ Suspension of Electronic Platform: The Central Bank announced the suspension of operations on its electronic platform by December 31, 2024, signaling a potential strategic change.
• 💰 Broad Cash Supply Growth: The overall cash supply in Iraq demonstrated considerable growth in the third quarter of 2024, indicating improved liquidity in the market.
• 📆 Comparative Analysis: The positive indicators for 2024 were assessed against the same periods in 2022 and 2023, underscoring a notable improvement in the banking landscape.

Key Insights

• 📊 Economic Recovery Indicators: The growth in total deposits showcases a recovery in the banking sector, suggesting that both individual and institutional investors are regaining confidence in the Iraqi financial system. This trend is vital as it lays the groundwork for further investments and economic stability in the region.

• 📈  Lending Environment Improvement: The increase in cash credit from operating banks indicates that financial institutions are more willing to lend. This development is crucial for stimulating economic activities, as businesses often rely on credit for expansion and operational costs. Such willingness to lend may also suggest a better risk assessment framework within banks, improving their operational efficiencies.

• 💡 Investor Confidence in Private Banks: The growth in deposits at private banks highlights a shift in investor preferences toward these institutions. This could be attributed to improved services, competitive interest rates, or the perceived stability of private banks compared to public counterparts. This trend may lead to a more competitive banking environment, ultimately benefiting consumers through better products and services.

• 🔍 Impact of Monetary Policy: The effective monetary policy of the Central Bank in 2024 is a crucial factor in the observed growth. By managing interest rates, inflation, and liquidity, the Central Bank has created a conducive environment for banking and financial stability, which is crucial for sustainable economic growth.

• 📉 Suspension of Electronic Platform: The decision to suspend the electronic platform may raise questions about the Central Bank’s digital strategy and future direction. This move could indicate a shift back to traditional banking practices or a reevaluation of digital banking initiatives. Stakeholders will be keen to understand the reasoning behind this decision and its potential impact on banking operations.

• 💵 Cash Supply as a Growth Indicator: The broad growth of the cash supply in Iraq is a positive sign that the economy is moving towards increased liquidity. This increase can facilitate consumer spending and business investments, driving economic growth. However, it also presents challenges, such as the potential for inflation if not managed correctly.

• 📅 Longitudinal Assessment: By comparing the third quarter results of 2024 with those of 2022 and 2023, the Central Bank provides a clear perspective on the progress made in the banking sector. This longitudinal analysis not only highlights improvements but also establishes a benchmark for future performance evaluations in Iraq’s economic recovery journey.

In summary, the financial indicators presented by the Central Bank of Iraq reflect a significant positive trajectory for the banking sector in 2024. The growth in deposits, credit, and overall cash supply suggests a recovering economy with increasing confidence from investors and consumers alike. The Central Bank’s monetary policy plays a pivotal role in this growth, although the impending suspension of the electronic platform raises questions about future banking strategies. Stakeholders will need to monitor these developments closely to understand their implications for Iraq’s broader economic context.

AJ :." Wait for the announcement from Al-Sudani & CBI of the Lower Notes and rate" @DINARREVALUATION