Iraqi Dinar Value Very Strong Internationally float / Iraqi Dinar News T...

Al-Sudani, Zaidan discuss efforts to combat currency manipulation 13 NOV

Al-Sudani, Zaidan discuss efforts to combat currency manipulation

Shafaq News / Prime Minister Mohammed Shia Al-Sudani and the President of the Iraqi Judiciary Council, Faiq Zaidan, discussed on Sunday the judiciary's efforts to hold accountable those manipulating and speculating with hard currency. 

According to a statement, the meeting addressed various files and judicial measures taken to uphold the rule of law and enhance security and stability in the country.

During the meeting, both sides emphasized the importance of strengthening the efforts of the Iraqi judiciary in holding accountable those manipulating the people's livelihood and speculating with foreign currency. The goal is to disrupt the market, impact the citizens' living conditions, and create challenges for government plans aimed at achieving economic and financial reforms.

https://shafaq.com/en/Iraq-News/Al-Sudani-Zaidan-discuss-efforts-to-combat-currency-manipulation

Geopolitical Tensions Rise as Iraq Rejects Kurdistan’s Oil Development & Canada Faces Climate Challenges, 13 NOV

 Geopolitical Tensions Rise as Iraq Rejects Kurdistan’s Oil Development & Canada Faces Climate Challenges

The recent refusal by Iraq’s Ministry of Oil to implement a development mechanism for Kurdistan’s oil has deepened geopolitical tensions in the Middle East. Amid escalating market fluctuations, the price of the dinar has risen, with 100 dollars now equating to 163,500 dinars.

Geopolitical Tensions: Iraq and Turkey

The strained relations between Iraq and Turkey have become a focal point, with the Iraqi Ministry of Oil’s rejection of a suitable mechanism for the development of the Kurdistan region’s oil at the crux. Turkish Foreign Minister Hakan Fidan’s call for Iraq to label the Kurdistan Workers’ Party (PKK) as a terrorist organization further escalates the hostility between Turkey and Kurdish fighters in Iraq and Syria. The disputes over oil revenues and the PKK’s activities in Iraq have intensified tensions between the two nations.

Military Activities and Tensions: Iraq and Syria

An unattributed rocket attack on the Saqr base in Iraq heightens the existing hostilities, particularly those targeting American bases. This incident, coupled with the diversion of flights to Latakia Airport in Syria following Israeli airstrikes on Damascus and Aleppo airports, underscore the convoluted nature of the regional conflict.

Humanitarian and Political Developments: Jordan and Gaza

Jordan’s announcement of a second airdrop of urgent medical aid to Gaza highlights the ongoing humanitarian crisis in the region. The heavy fighting near Shifa Hospital in Gaza City and Israeli Prime Minister Benjamin Netanyahu’s rejection of international calls for a ceasefire compound the complex humanitarian and political challenges in the Gaza Strip.

Climate Change and Energy Policies: Canada

Addressing rising concerns over energy inflation, carbon capture subsidies for the oil sands, and challenges in the offshore wind industry, Canada explores the potential of its abundant forestry resources. The development of a new low-carbon building material, mass timber, could unlock the industry’s growth potential if barriers are overcome.

In the intricate web of international relations, geopolitical tensions, military activities, humanitarian crises, and climate change challenges, the complexities of the Middle East and Canada’s energy policies become apparent. The volatile nature of the region, coupled with the multifaceted challenges of transitioning to a low-carbon economy, underscores the need for nuanced approaches in addressing these issues.

https://bnn.network/world/iraq/geopolitical-tensions-rise-as-iraq-rejects-kurdistans-oil-development-canada-faces-climate-challenges/

Steps Iraq must take to get back on the FOREX BY PIMPY

Iraq Signs An Agreement With An International Bank To Finance A Power Plant Maintenance Project, 12 NOV

 Iraq Signs An Agreement With An International Bank To Finance A Power Plant Maintenance Project

Minister of Finance, Taif Sami, signed an agreement to finance the maintenance project loan for the Ministry of Electricity’s stations with JPM Bank, in partnership with (GE) General Electric International Inc., within the annual maintenance project (fifth phase, PUP5/B, at a total cost estimated at (257) million dollars. A Ministry statement

stated Finance: The signing of the agreement falls within the framework of the fourth axis of Article Two / State General Budget Law, and based on Cabinet Resolution No. (23588) of 2023, in which the Minister of Finance is empowered to sign the loan financing agreement for the project with JPM Bank and with the guarantee of the Export-Import Bank.

The Minister of Finance indicated during the signing ceremony, according to the statement, that “financing the project loan will contribute effectively to increasing the efficiency of electric power generation plants in Iraq, which will reflect in the interest of raising energy productivity and thus reducing the gap between supply and demand in energy and bridging The needs of citizens in all governorates.”  https://www.radionawa.com/all-detail.aspx?jimare=3624

Exclusive Insights Central Bank of Iraq and U.S. Officials Reach Milesto...

"RV UPDATE" BY WALKINGSTICK, 12 NOV

  Walkingstick  

 [Iraqi bank friend Aki update] 

 How will Aki profit by having these banks?  By exchanging the Iraqi dinar for dollars.  This is a profit for the bank. For Aki...

The economic reform is blossoming...because the monetary reform was a success...It is due to the security and stability that Sudani and Alaq have created for the reforms. 

 [Iraqi bank friend Aki update]

When Saddam was removed, many retirees...expatriots...soldiers...citizens left Iraq...A great portion has come to the United States of America therefore these [CBI affiliated] private banks are needed for the reinstatement for the Central Bank of Iraq to re-collect the 3-zero notes that are missing...They turned the private exchange centers into private banks for...the change in the exchange rate of the Iraqi currency.