The Iraq Fund for Development is a serious start , 20 NOV

 The Iraq Fund for Development is a serious start 

Yasser Al-Metwally
 
Today, hopes are building that the Iraq Fund for Development, despite its late arrival, will be a successful and serious start to achieving the goals of sustainable development 
 
And the truth is, it is a guarantee for the future generations of Iraq’s wealth. 
 
For the first time, I sense seriousness in the steps of preparation and planning to implement the Fund’s programs and objectives, based on important procedures 
 
Followed during the establishment stages, especially at the beginning 
 
The highest figure in the government apparatus assumes responsibility for its administration, represented by the Prime Minister. 
 
The second important measure is also the involvement of the private sector  in the membership of the Fund’s Board of Directors, and 
 
here the priority of the seriousness that I described in the correct steps for establishing it emerges. 
 
Having the head of the government hierarchy manage the Fund gives it support and momentum to move towards achieving the most important aspect of the government program related to the implementation of development projects.
 
Then, involving the private sector in half of the members of the Board of Directors adds seriousness to the success of the Fund’s objectives, based on the fact that the private sector is the true meaning and engine of development and attracting investments, and using its vision contributes to the success of the executive steps based on its expertise and experience in implementing projects.
 
What is also striking in the purposeful steps that have been observed in establishing this fund is the naming of the executive management of the fund as a scientific, technocratic figure who is familiar with  global experiences and who tries to apply the experiences of developed countries and who has successful experiences in drawing up the fund’s plans, in addition to selecting representatives of the private sector who are supposed to represent the real private sector in the membership of its board of directors..
 
What is the latest action taken by the executive management of the fund by holding a dialogue session in cooperation with the Association of Banks with representatives of the banking sector to brief them on the objectives and mechanisms of the fund’s work and to listen to their views on the possibility of contributing to the fund in a confident step that is considered by the executive management? How?
 
This is because the banking sector is the arm on which the private sector and implementing companies depend, through their access to advanced banking services to manage corporate affairs.
 
The Fund's marketing program is underway through continuous meetings with various sectoral bodies and experts with the aim of crystallizing the advanced formula for the success of the Fund's objectives. Here lies my justification for taking the step for the first time.
 
What is real and what is required for sound and correct institutional building, and this method is something we are not accustomed to and did not touch during the era of previous governments.
 
For this reason, we see the possibility that this fund will be a guarantee for the future of generations, whether in the development projects that will be implemented or in the future of investing the remaining funds that will be preserved for them, and that it will be an alternative opportunity for the opportunities that were lost, and this is our desire in continuing calls for the establishment of sovereign funds. 
 
We hope for the best. 
 
We are optimistic about the future, hoping that these steps will be serious and correct this time. 
 
https://alsabaah.iq/87462-.html

Iqd I’m a fan of Salah every thing he said on the spot BY NADER FROM MID EAST

"RV UPDATE" BY FRANK26 & RAYREN98, 20 NOV

Frank26

  The Iraqi dinar is now going to enter a basket in a float and that's why the CBI has been talking...about the basket and coins...

 All they talk about is the exchange rate of the Iraqi dinar, about the black market going away and the only way that all of this can happen is if we have a new exchange rate and a new currency to match it.  They are preparing [Iraqi citizens].  This is the monetary reform at its highest point.

  Question: "If you just have a small amount of dinars would you just go to the bank manager [to exchange]? " 

  Yeah.  You got a small amount... 100,000, quarter of a million whatever, yeah, go up to the teller and have them take care of you.  They won't take care of you at the counter, they'll move you over.  That's why they're building these cubicles all over the place.

RayRen98  

 [via Babysmom] 

 ...THIS MORNING "3 LTR GUYS SAY THEY ARE NOT SURE IF WE WILL SEE "IT" THIS MORNING OR LATER TODAY AFTER THE MARKET OPENS...BUT THEY ARE DEFINITELY THINKING "TODAY".. TIME WILL TELL"; "... "ALL IS READY, AND WE JUST GOT THE (GO) SIGNAL. ALL SYSTEMS READY...NO HOLD UPS IN SIGHT.TIME WILL TELL".

Iraq’s Prime Minister Discusses Bilateral Relations and Gaza Tragedy with U.S. Ambassador, 20 NOV

 Iraq’s Prime Minister Discusses Bilateral Relations and Gaza Tragedy with U.S. Ambassador

On the eve of an intricate discussion scheduled for next week, Iraq’s Prime Minister, Mohammed Shia’ al-Sudani, sat down with the U.S. Ambassador to Iraq, Alina Romanowski. The talks centered around bilateral relations and mutual cooperation, with specific emphasis on potential financial collaboration between the Iraqi Central Bank and the U.S. Treasury.

Addressing the Gaza Tragedy

The dialogue didn’t shy away from the ongoing tragic events in Gaza. The mass killings of civilians by occupying forces and severe human rights violations of Palestinians were brought to the forefront. Prime Minister al-Sudani reaffirmed Iraq’s principled stance on the Palestinian issue, expressing the urgency to halt these assaults , guarantee safe passages, and facilitate the entry of food and medical aid.

Ensuring Palestinians’ Rights and Dignity

The Prime Minister further stressed the indispensable need to guarantee Palestinians’ rights to live safely and with dignity. His words resonated with a commitment to justice and humane treatment for all.

Securing Iraq’s Diplomatic Missions

Prime Minister al-Sudani also reiterated Iraq’s commitment to protecting diplomatic missions and security advisors within the International Coalition against ISIS. He emphasized the continuous role of Iraqi security forces in carrying out their legal duties to maintain security and stability within Iraq.

The conversation shed light on the delicate task of balancing Iraq’s relations with both America and Iran, especially amidst the Gaza war. It underscored the potential impact on Iraq’s security and economic survival and the role of Shiite militias in the country. The efforts of the Iraqi government to prevent escalation and maintain a balancing act between the US and Iran were also highlighted.

https://bnn.network/world/us/iraqs-prime-minister-discusses-bilateral-relations-and-gaza-tragedy-with-u-s-ambassador/

Al-Sudani reaffirms commitment to protect diplomatic missions in Iraq, 20 NOV

 Al-Sudani reaffirms commitment to protect diplomatic missions in Iraq

Shafaq News / Iraqi Prime Minister, Mohammed Shia al-Sudani, reiterated on Monday evening to the U.S. Ambassador to Iraq, Alina Romanowski, Iraq's commitment to safeguarding diplomatic missions in Baghdad.

A statement from al-Sudani's office indicated that the meeting discussed bilateral relations between the two countries and addressed issues of mutual cooperation in various fields. Additionally, the meeting saw discussions on cooperation between the Central Bank of Iraq and the U.S. Treasury, with several agenda items to be discussed in their upcoming meeting next week.

The meeting touched upon the tragic events unfolding in Gaza, highlighting the genocidal crimes targeting innocent civilians by the occupying authorities. Al-Sudani emphasized the magnitude of severe violations of Palestinian rights and the exacerbation of the humanitarian situation.

The Iraqi Prime Minister affirmed Iraq's steadfast and principled stance on the Palestinian issue, emphasizing the imperative need to halt the aggressions committed by occupying forces. He called for the opening of safe passages to allow food and medical aid for civilians and to ensure Palestinians' rights to live in dignity and safety.

He also underscored Iraq's commitment to protecting diplomatic missions and the security advisors within the international coalition's mission against ISIS. The Prime Minister emphasized that Iraqi security apparatuses are diligently fulfilling their legal duties to maintain security and stability within Iraqi territories, as per the statement.

https://shafaq.com/en/Iraq-News/Al-Sudani-reaffirms-commitment-to-protect-diplomatic-missions-in-Iraq-3

Iraqi Dinar🔥Iraqi Economy Slient Revaluation Today 2023🔥iraqi dinar RV u...

"RV UPDATE" BY CLARE & SANDY INGRAM, 20 NOV

 Clare  

Article Written by: Baqir Jabr Al-Zubaidi - former Minister of Finance "The ongoing dollar crisis"  

Quote:  "The dollar crisis is a policy crisis of the continued American threat of sanctions, accompanied by the continued bleeding of the currency by private banks that are protected by some influential people, and this conflict is paid for by the citizen...Solutions exist, and during our tenure at the Ministry of Finance (2006-2010), we succeeded in increasing the value of the dinar from (1,500 dinars to the dollar to 1,170 dinars to the dollar). We were planning to reach (1,000 dinars to the dollar) and then raise the zeros so that the dinar was equal to the dollar."

Article:  "Private banks and exchange companies express their preparations to reduce the exchange rate"  

Quote:  "Private banks and exchange companies are showing great preparations, collectively and in coordination, to reduce the price of the dollar ”

Sandy Ingram  

 The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless.  It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange.  Most of these reserves are held in US dollars since it is the most traded currency in the world...

The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history...