DINAR REVALUATION

Saturday, December 2, 2023

Necessitating Protection of Americans in Iraq: A Geopolitical Narrative, 2 DEC

Necessitating Protection of Americans in Iraq: A Geopolitical Narrative

US Secretary of State, Antony Blinken, has urged the Prime Minister of Iraq to ensure the protection of American citizens residing in Iraq. This plea underscores the ongoing apprehensions for the safety of US nationals amidst the intricate geopolitical scenario in the region.

Unraveling the Geopolitical Tapestry

The cease-fire between Israel and Hamas has crumbled, given the adversaries’ inability to find a mutual platform for further prisoner exchanges. The situation has escalated with Hamas proposing deals for the liberation of more Palestinians from Israeli detention in exchange for hostages, including Israeli soldiers, held in Gaza.

Mr. Blinken’s return to the Middle East this week was marked by an emphasis on agreements to extend the Gaza cease-fire, expedite the release of hostages held by Hamas, and reduce Palestinian civilian casualties in case of resumed conflicts with Israel. His objectives, however, remain largely unmet with the cease-fire collapsing.

The Power of Images

The narrative also delves into the profound impact of images on human consciousness and thought. Images are portrayed as mirrors that echo human emotions and concerns, serving as a reservoir for communal memory.

Al-Ayyam Publishing Foundation: A Media Milestone

Separately, the establishment of the Al-Ayyam Publishing Foundation is highlighted. Launched in 1989 by a group of young Bahraini media professionals, it was a landmark initiative in the Arab world with a vision of being owned and managed by its employees.

The narrative culminates in shedding light on the essence of the original content that encompasses diplomatic engagement for citizen protection, the psychological sway of imagery, and a cursory history of a prominent media establishment in the Arab region.

https://bnn.network/world/us/necessitating-protection-of-americans-in-iraq-a-geopolitical-narrative/

Iraq Reveals 90 Industrial Partnership Opportunities: A Step Towards Economic Diversification, 2 DEC

Iraq Reveals 90 Industrial Partnership Opportunities: A Step Towards Economic Diversification

In a significant move to bolster the Iraqi industrial sector, Khaled Battal, the Iraqi Minister of Industry and Minerals, has announced 90 opportunities for collaboration between Ministry companies and the private sector. The announcement was made during the first-ever Industrial Partnerships Forum held in Basra.

Strengthening Public-Private Partnerships

The Minister emphasized the government’s unwavering support for these partnerships. He highlighted the protection and assistance accorded to these collaborations, underlining the government’s commitment to fostering private-public relationships. This initiative forms a part of the broader efforts to strengthen and diversify the Iraqi industrial sector.

Industrial Growth and Economic Development

The announcement underscores the commitment to engage more deeply with the private sector to drive industrial growth and economic development in Iraq. These collaborative opportunities present a significant step towards achieving this goal.

Joining EBRD and Master Meter Partnership

In a parallel move, Iraq has become a shareholder of the European Bank for Reconstruction and Development (EBRD). This membership underscores a wider focus on sustainable finance and economic transformation. Additionally, Master Meter has partnered with Correct Equipment for distribution in the Pacific Northwest. This partnership aims to offer a complete line of water meters and AMR/AMI products, enhancing the availability of water measurement solutions in the region.

These developments send a clear message about Iraq’s intent to diversify its economy away from fossil fuels and towards a more sustainable future. The government’s commitment to fostering partnerships and collaborations is a promising sign for the future of Iraq’s industrial and economic growth.

https://bnn.network/world/iraq/iraq-reveals-90-industrial-partnership-opportunities-a-step-towards-economic-diversification/

Early Christmas!?!💣Monetary Sovereignty = RV/RI?!🤔Iraq Dinar RV Updates ...

"RV UPDATE" BY MARKZ, 2 DEC

MarkZ

[via PDK] The group chatter has been amazing as they are waiting for release of funds… sitting at the edge of their seats. Redemption contacts who are “on call” have not been called in…yet. But we are stinking, painfully close…

Yes it's Dec 1st …and yes we were hoping we would have gone by now...but the Redemption center folks will be on call this weekend. They are very hopeful for the next few days... We can feel this is so close which makes it much tougher to wait.

Very little out of Iraq overnight. But everything coming out of Iraq this week has been overwhelmingly positive.

I know this is tough…I know we have been sitting at the edge of our seats for entirely too long…But, it’s hard to nail down a world-wide historic, once in a millennium event…But we know its coming.

Al-Sudani From Basra: The Government Has Placed Reform Of The Economy Among Its Five Priorities, 2 DEC

Al-Sudani From Basra: The Government Has Placed Reform Of The Economy Among Its Five Priorities

Politics |Baghdad today – Basra Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Saturday (December 2, 2023), that the government has placed among its five priorities reforming the country’s economy.

Al-Sudani said in his speech during the Industrial Partnerships Forum in Basra Governorate, followed by “Baghdad Today”: “We welcome investment companies to the Industrial Partnerships Forum,” indicating that “the government has placed among its five priorities reforming the economy.”

He added, "The economy cannot be reformed except by supporting industry, agriculture, tourism, and trade," pointing out that "the natural resources we have enable us to establish an advanced Iraqi industry that meets our local needs and from which we can export."

Al-Sudani pointed out that "we cannot remain spectators while Iraq remains a consumer market."

In a separate matter, the Prime Minister explained that “the state cannot employ all the huge numbers of graduates,” stressing that “it is time for the Iraqi economy to be linked to the global economic cycle.”

Earlier today, Prime Minister Muhammad Shiaa Al-Sudani arrived in Basra Governorate. LINK

The Central Bank Delivers A Devastating Blow To “Sailors”, 2 DEC

The Central Bank Delivers A Devastating Blow To “Sailors”

ATM Drains The Central Bank of Iraq decided to deal a severe blow to people who use bank cards outside Iraq, in order to smuggle dollars.

The Iraqis called “sailors” to these people who reside in Dubai and use ATMs and points of sale.

An informed source told Al-Iqtisad News that the Central Bank obligated electronic payment companies to set the limits on cards for withdrawal and purchase outside Iraq, in order to limit people’s use of bank cards to smuggle dollars outside official controls.

The source, who preferred to remain anonymous, confirmed that these people were smuggling hundreds of bank cards from Iraq towards Dubai, and a group of people called “sailors” used them to withdraw from ATMs, in addition to agreements with shop owners to withdraw from POS machines under the pretext of purchasing goods in the country. Dubai.

The source indicated that this measure will lead to a rise in the exchange rate of the dollar in the parallel market, and the features of this rise will appear during the next two days, adding that the measure will contribute to forcing all people to deal with banks and make financial transfers at an exchange rate of 1,320 dinars.

The Central Bank set the ceiling as follows:

1. Ceilings for cards in US dollars outside Iraq

- Monthly limit: $3780

Its equivalent in Iraqi dinars is 5,000,000 dinars

2. Daily cash withdrawal limits from automated teller machines (ATM) outside Iraq

- Daily limit: 110 US dollars, or the equivalent of 150,000 Iraqi dinars

3. Monthly cash withdrawal limits from automated teller machines (ATM) outside Iraq

- Monthly limit: 1,130 US dollars, or the equivalent of 1,500,000 Iraqi dinars.

4. Limits on the daily use of cards in electronic stores, online shopping, POS, and electronic payment outside Iraq

- Daily limit: 370 US dollars, or the equivalent of 500,000 Iraqi dinars

5. Limits on the monthly use of cards in electronic stores and online shopping (POS and electronic payment) outside Iraq

- Monthly limit: 3780 US dollars or the equivalent of 5,000,000 Iraqi dinars - https://economy-news.net/content.php?id=38040