SUDANI ANNOUNCES THE ENTRY INTO FORCE OF THE RETIREMENT AND SOCIAL SECURITY LAW BY MNT GOAT, 6 DEC

SUDANI ANNOUNCES THE ENTRY INTO FORCE OF THE RETIREMENT AND SOCIAL SECURITY LAW

Baghdad Today – Baghdad

Today, Sunday (December 3, 2023), Prime Minister Mohamed Shia Al-Sudani announced the entry into force of the Retirement and Social Security Law.

The Sudanese media office said in a statement received by “Baghdad Today”, that “Prime Minister Mohammed Shia Sudanese announced today, the entry into force of the retirement and social security law.”

He pointed out that “2,151,551 families are covered by social welfare subsidy, which is the highest coverage rate in the history of the Ministry of Labor.” 

More news….

WHEN WILL THE DEPOSIT OF IRAQ’S OIL MONEY IN US BANKS END?

Information/private

The economist, Nasser Al-Kinani, on Sunday, the reasons for the United States of America to deposit the money for the sale of Iraqi oil in the Federal Bank, these agreements have existed since the former regime. Al-Kinani said in an interview with the agency / Information /, that “what the country lacks is the strong political leadership in the negotiations to end the file of farewell to Iraq’s money in American banks.

See full article in the Articles Section of today’s Newsletter.

(All I can say is I told you so….this is going to be a major  issue. Iraq wants total control over its own oil revenues. Why is the US still strong arming them when they are “fully” out of sanctions ? It is just a matter of time. The pressure is building.)

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

IRAQ TO DEAL WITH OTHER COUNTRIES WITH LOCAL CURRENCIES IN COMMERCIAL EXCHANGE BY MNT GOAT, 5 DEC

 IRAQ TO DEAL WITH OTHER COUNTRIES WITH LOCAL CURRENCIES IN COMMERCIAL EXCHANGE

Baghdad Today – Baghdad

Many questions have been raised since the announcement of the Central Bank and the Iraqi government to conclude agreements with a number of banks and other countries to deal with local currencies in commercial exchange, but the most prominent questions raised is what will they do or how other countries, especially those that export to Iraq in large amounts annually, benefit from the Iraqi currency dinar?

The dinar, which is supposed to be paid by Iraq or traders for the purpose of importing goods instead of the dollar.

The Central Bank of Iraq has concluded agreements with banks in Turkey, the UAE and China for the purpose of dealing in local currency instead of the dollar, as well as dealing with Iran with a bilateral (Dinar-Tuman) for trade exchange, but this problem will clearly arise with countries where trade exchange between Iraq and them is “non-existent or from one direction”, meaning that Iraq imports more of them than it exports to them, especially Iran and Turkey.

(Yes, what would they do with all the dinars if they are only worth 1/6 of a penny? Who would want them?)

More news….

FITCH AFFIRMS IRAQ AT ‘B-‘ OUTLOOK IS STABLE

(What criteria does Fitch use to rate?  I included a review of the criteria in the Articles Section of today’s Newsletter. )

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

Chris Marcus, Andy Schectman and Pimpy Sunday Gold Spike The Result Of S... BY PIMPY

"RV UPDATE" BY PIMPY, 5 DEC

 Pimpy  

 'Pay stations around the country where you can cash in your dinars'  She's full of crap.  Pay-stations? 

 I guess that's the same as redemption centers, right?  Let me put it this way, How does everybody else deal with other international currencies?  Why would Iraq be special for some reason?  It's not like Iraq's the only currency to be devalued and possibly revalued.  All international currencies are done the same way.

There's no 800 numbers.  There's no redemption centers.  There's no pay stations or however way you want to cleverly call these things. 

 It's all bull crap...IQD is bought and sold the same way as all the other currencies.  You can go to any currency exchange location and swap out your currencies or buy currencies there.  Go to any international airport and they will have a currency exchange center there...No there's no special stations planted all around the world specifically for the IQD... 

Iraq’s President Meets Palestinian Ambassador: A Sign of Unwavering Support, 5 DEC

 Iraq’s President Meets Palestinian Ambassador: A Sign of Unwavering Support

In a notable diplomatic maneuver, Abdul Latif Jamal Rashid, the President of the Republic, recently met with the Palestinian ambassador. The meeting was not just a routine diplomatic exchange but a reflection of Iraq’s unflinching support for the Palestinian cause. This encounter is seen as an affirmation of Iraq’s commitment to advocating for Palestinian rights and issues on the global stage.

An Echo of Solidarity

The reception of the Palestinian diplomat by Abdul Latif Jamal Rashid underscores the enduring diplomatic relations between Iraq and Palestine. But more than that, it stands as a testament to Iraq’s consistent position in supporting the Palestinian cause. This diplomatic engagement not only asserts the ties between the two nations but also throws light on Iraq’s role in the broader Arab and international support for Palestine.

Global Resonance

The significance of this meeting extends beyond the borders of the two nations. It highlights the critical role of diplomatic engagement in addressing the complex and sensitive Palestinian situation. In the larger context, it resonates with the international community’s collective effort to find a peaceful resolution to the longstanding Israeli-Palestinian conflict.

Parallel Developments

In a parallel development, the United Nations Development Programme (UNDP) in Iraq and the Japan International Cooperation Agency (JICA) Iraq Office have renewed their partnership agreement. This agreement, supported by the Government of Iraq, is committed to establishing socio-economic infrastructure projects in the country. With an aim to improve national infrastructure, boost the economy, enhance public services in local communities, and engage the private sector, this partnership is a stride towards economic diversification and job creation. It advances Iraq’s journey towards achieving the Sustainable Development Goals (SDGs) by 2030.

Simultaneously, the war on the Gaza Strip has been a significant topic of discussion on the sidelines of the Dubai Climate Conference COP28. US Vice President Kamala Harris called attention to the plight of Palestinians in Gaza, urging Israel to take more measures to protect them. This statement outlines the vision for Gaza in the aftermath of the conflict between Israel and Hamas.

https://bnn.network/politics/iraqs-president-meets-palestinian-ambassador-a-sign-of-unwavering-support/

Iraqi President Stresses Stability for Economic Growth, 5 DEC

 Iraqi President Stresses Stability for Economic Growth

In a recent meeting, Iraqi President Abdul Latif Jamal Rashid received Interior Minister Abdul Amir Al-Shammari, underscoring the relevance of stability as a critical factor for achieving economic progress. The key message conveyed was the impact of maintaining stability on promoting investment and the expansion of the private sector.

Stability: The Stepping Stone to Economic Growth

President Rashid’s emphasis on stability signifies the government’s commitment towards fostering an environment that is secure and conducive to economic growth and private sector participation. This stance not only bolsters the confidence of potential investors but also creates a favourable landscape for the growth and development of the private sector.

Security and Economic Prospects

The discussion between President Rashid and Minister Al-Shammari likely spanned various aspects of internal security and its influence on the country’s economic potential. The focus was possibly on how enhanced security measures could pave the way for a robust economy, thereby attracting more investment and strengthening the private sector.

Denial of Dollar Crisis

Amidst these discussions, President Rashid denied the existence of a dollar crisis in the country, asserting Iraq’s economic stability. He further accentuated the need to attract investments and ameliorate infrastructure, suggesting that a stable and secure Iraq has the potential to thrive economically.

Such a discussion between the president and the interior minister is paramount in a time when stability is a key driver for economic growth. By ensuring a secure environment, Iraq can look forward to enhanced economic prospects and increased private sector participation.

https://bnn.network/world/iraq/iraqi-president-stresses-stability-for-economic-growth/

Iraqi Dinar🔥$3.22 Effective Exchange Rates For IQD Holders Congratulatio...