FIREFLY: The dollar is out of control and we afraid from what TV says makes like we are in trouble.
FRANK: It's just the same ole exaggeration...please don't drown on a drop of water..
.Both Alaq and Sudani are doing the monetary reform and they're doing it to the best of their abilities.
I will admit they are kind of slow and I wish they would speed it up. One of the requirements is to remove all foreign currency because you are now a sovereign country with a sovereign national currency which will soon have a new international exchange rate...
Serbia and Iraq Strengthen Diplomatic Ties, Mark 65 Years of Friendship
In a significant diplomatic development, the Prime Minister of Serbia, Ana Brnabic, met with Muhammad Al-Halbousi, the Speaker of the Parliament of Iraq. The meeting aimed to strengthen bilateral ties on the 65th anniversary of diplomatic relations between the two nations, reflecting on their shared history and mapping a path for future cooperation.
A Renewed Commitment to Cooperation
The discussions, characterized by mutual respect and a shared vision, covered various areas of potential cooperation, including the economy, agriculture, health, and education. The two leaders reaffirmed their commitment to enhancing cooperation, underscoring the importance of their long-standing friendship and mutual support. The importance of respect for international law and preservation of sovereignty and territorial integrity were also emphasized during the meeting.
Al-Halbousi invited Serbian companies to explore opportunities in Iraq by participating in joint projects and doing business in the country. This invitation signifies Iraq’s proactive approach in building diplomatic alliances and strengthening its global presence. It could also pave the way for enhanced trade relations and economic partnerships between the two countries, fostering mutual growth and development.
Support for Serbia’s Territorial Integrity
The meeting also saw Iraq expressing its clear position on non-recognition of Kosovo’s independence, offering full support for Serbia’s sovereignty and territorial integrity. This stance aligns with Iraq’s commitment to promoting peace and stability in the region through dialogue and engagement. It also echoes Serbia’s position, further solidifying the strong diplomatic bond between the two countries.
This meeting is not just a milestone marking 65 years of diplomatic relations, but it’s also a harbinger of a more globally connected future for both Serbia and Iraq. The strengthened ties could lead to more joint initiatives, increased trade, and shared efforts in promoting regional stability. The meeting also enhances Iraq’s international standing by showcasing its commitment to international law and cooperative diplomacy..
Iraqi Prime Minister Al-Sudani Arrives in Russia to Meet Putin, 10
On a mission to strengthen bilateral ties and explore cooperation opportunities, Iraqi Prime Minister Mohammed Al-Sudani has embarked on a two-day visit to Russia. The visit, which is aimed at bolstering diplomatic relations, kicked off with a warm reception by Russian officials at Moscow’s Vnukovo Airport.
Strengthening Diplomatic Ties
Prime Minister Al-Sudani’s visit to Russia manifests the significance of maintaining robust diplomatic relations between the two nations. The main agenda of this diplomatic rendezvous orbits around discussions on the enhancement of cooperation, particularly in the fields of energy and economy. These discussions could have far-reaching implications for the future of Iraq-Russia relations and the geopolitical dynamics of the region.
High-Profile Meeting
Adding weightage to this diplomatic visit, Al-Sudani is scheduled to hold talks with Russian President Vladimir Putin. The high-profile meeting will focus on issues of bilateral cooperation and the situation in the Middle East. This will be their first meeting, marking a vital milestone in the relationship between the two nations. The leaders are also slated to participate in the Russian Energy Week forum, further emphasizing the importance of energy cooperation in their bilateral relations.
Implications for the Middle East
The meeting between Al-Sudani and Putin is not just crucial for Iraq and Russia, but it also holds considerable significance for the broader Middle East region. Given the tumultuous and complex political landscape of the Middle East, any form of consolidation or change in alliances can have ripple effects across the region. As such, the outcomes of this meeting will be closely watched by regional and global stakeholders.
Looking Forward
While the visit is a testament to the importance of maintaining strong diplomatic relations, it is the potential outcomes of the talks between Al-Sudani and Putin that are of utmost significance. The discussions could potentially shape the future trajectory of Iraq-Russia relations and the strategic dynamics of the region. As the world watches, it remains to be seen what the future holds for the relationship between Iraq and Russia and the impact of their strengthened ties on the Middle East’s geopolitical
Federation of Chambers of Commerce: Iraq has granted great facilities to countries of the world to participate in the path of development
The Federation of Iraqi Chambers of Commerce confirmed today, Tuesday, that Iraq has granted great facilities to countries of the world to participate in the path of development, while noting that Al-Faw Port constitutes a high percentage of global land and sea transport.
The head of the Federation of Iraqi Chambers of Commerce, Abdul Razzaq Al-Zuhairi, told the Iraqi News Agency (INA): “Prime Minister Muhammad Shia’ Al-Sudani focused on exploiting the opportunity,” indicating that “Iraq is in a good position with the world, and this opportunity must be invested in establishing a road.” development and implementation at this time.”
He added, "Iraq granted facilities to countries around the world in the transit process and greatly reduced rates for all countries, especially neighboring countries," noting "the importance of having a joint-stock company to support the road."
He added, "The development road project is profitable if the promotion process is facilitated," explaining that "Iraq must focus on important countries that have a future, such as China and India, in supporting the road."
He pointed out that "Turkey is the second beneficiary after Iraq from the path of development, considering it the gateway to Europe," pointing out that "Iraq started with the port of Al-Faw with an amount of 400 billion dinars, and today the port has become a reality, and it will constitute a high percentage of land and sea transport work for the world."
He stressed the need to "focus on the method of development and lay the foundation stone for it, and there is a financial abundance of oil revenues that can be invested in this project." link
REAL REASONS FOR AL SUDANI DONT GIVE FUND DISTRIBUTION FOR ALL PROJECTS
I was…told [by my CBI contact in Iraq] the real reason why the GOI, under prime minister al-Sudani has not directed full funding distribution for all the projects listed in the budget. It was for multiple reasons: 1. to first continue to clean up more of the corruption in the provinces; 2. hold back the dollars in the reserves as long as possible needed to back any reinstatement process and global rating for the dinar.
THE CBI HAS A PLAN
I was...told [by my CBI contact in Iraq] not to over-speculate on the RV and the CBI has a plan and is actively working on it.
The CBI can not put the cart before the horse and needs the support of the GOI for all the monetary reform.
AL-SUDANI IS ONBOARD
They feel that Al-Sudani is definitely onboard with the details of this effort and “fully” supports the plan and what the CBI is doing in this regards.
They also told me the re-education news (program) is about to come out.Stay tuned
PROJECT DELETE ZEROS
I asked [my CBI contact in Iraq] about the project to delete the zeros and was told it is coming and is now an active project no longer just a later project.
I asked for some target dates and was given that they planned to redenominate sometime prior to the end of the year. To me this is so inline what we are thinking for a January 2024 reinstatement timeframe and other events also lining up.