Iraq requests US Treasury assistance in tracking the funds of Saddam Hussein's regime, 10 DEC

  Iraq requests US Treasury assistance in tracking the funds of Saddam Hussein's regime

The head of the Federal Integrity Commission, Judge Haider Hanoun, and his accompanying delegation met with US Deputy Assistant Secretary of the Treasury, Jesse Baker, to discuss the possibility of concluding a memorandum of understanding between the Iraq Money Recovery Fund and the US Treasury, according to a statement issued by the commission on Sunday.

Integrity stated in its statement that Judge Hanoun stressed, during the meeting that took place at the US Treasury headquarters, Iraq’s need for Treasury assistance, in order to reach the fate of Iraqi funds before the year 2003, linked to the era of the previous regime, its symbols and front companies, pointing out that concluding an understanding agreement between the two parties is sufficient. By facilitating this and removing obstacles and barriers, if any.

 Hanoun added, saying: Negotiating with the cronies of the former regime entails the need to lift the hold on the funds recovered from the American side, praising the quick response of the American side in this regard and its pledge to fully cooperate and as permitted by the laws.

For his part, Jesse Baker praised the cooperation between the US Treasury and the Central Bank, pledging also to cooperate with the Iraq Money Recovery Fund in tracking its funds during the era of the former regime, in addition to his cooperation with the Central Bank to combat money laundering and terrorist financing, which requires concerted efforts. To confront these crimes and combat their advanced methods.

It is noteworthy that the Iraq Money Recovery Fund, which was established under Law No. (9 of 2012) (amended), aims to recover the financial rights of Iraq that were obtained by others illegally. As a result of the misuse of the oil-for-food program, the blockade, smuggling, economic sabotage, or exploitation of the sanctions imposed on Iraq at the time; To achieve financial gains at the expense of the Iraqi people. link

"RV UPDATE" BY MILITIAMAN, 10 DEC

 Militia Man 

 Article:  "Encouraging the local currency and dealing with it in light of the current economic conditions the country is experiencing is an important issue especially with the government's intention to strengthen the Iraqi dinar against other hard currencies especially the dollar..."  They're educating them.  All these things are fascinating.  It's happening before our eyes.

  Let's see how much stronger the dinar is over the dollar.  Al-Sudani has stated..the dinar is going to be stronger than the dollar.  That's the key focus in my view.  I think it's powerful stuff.

 Article -  "The Finance Minister to the employees of the budget department, No vacation until the end of the year. " 

In other words, stay working.  We got work to do and it's probably likely going to be significantly more.

  Why?  Because if they change the value of the exchange rate their budget is going have to be addressed in a big way...It's telling you the budget's going to be sorted by the end of the year.  We're getting close...the year is coming quick.

The three presidencies recall victory: Iraqis are fighting today the battle of reconstruction and construction,10 DEC

 The three presidencies recall victory: Iraqis are fighting today the battle of reconstruction and construction

2023-12-10 01:30Font

Shafaq News / The presidencies of the Republic, the Council of Ministers and the Iraqi parliament recalled, on Sunday, the victory over ISIS, which falls on 10/12, and stressed that “the Iraqis are fighting today the battle of reconstruction and construction, fighting corruption, and the challenge of securing services.”

The President of the Republic, Abdul Latif Rashid, said, “On the day of victory over the terrorist ISIS, we remember the grave sacrifices made by our forces in all their formations, the important role of the reference, and the support of the people of all shades to defend the homeland and preserve its dignity.”

He explained that “the national solidarity to consolidate security and continue to build is a duty in order to fulfill the pure blood that was shed for the country.”

For his part, Prime Minister Mohammed Shia Al-Sudani said, “On the occasion of the sixth anniversary of the great victory over the terrorist gangs of ISIS, we remember this historic victory, in which the Iraqis were able to defeat ISIS and its terrorism, on behalf of the world and all humanity, and we recall with esteem and greatness, the titles of sacrifice for our heroic martyrs, and with them the leaders of victory, who would not have seen freedom, victory and safe living except with their great sacrifices. We also express pride and pride and pride in the heroic performance of our heroic armed forces of all kinds, which were launched towards victories armed with the great position of the Supreme Reference and fatwa on the efficient jihad of the Sistani reference, which mobilized all the energies of the country against terrorism.”

He continued, “We also salute the Iraqi woman and her great stand, and the confrontation has been won by the martyrs, the disappeared and the kidnapped, just as it has been the lives of men, and we do not fail to thank all the brothers and friends who supported Iraq in its true war against the forces of evil and darkness.”

He concluded by saying, “Iraqis today are fighting the battle of reconstruction and construction, fighting corruption, and challenging the provision of services, based on the stability achieved thanks to those sacrifices, which we cannot allow anyone to overdo, in any way.”

In turn, Mohsen al-Mandlawi, Acting Speaker of the House of Representatives, blessed the Iraqi people and security forces on this occasion.

Al-Mandalawi stressed in a statement today, Sunday, that “the fatwa of the jihad that is sufficient for the supreme religious authority, the national cohesion between the people and their security forces of various types, and the blood of the martyrs that was shed for the sake of the protection of the land and sanctities, and in the way of pride, dignity and freedom, I wrote the most pompous picture of the Iraqi victory over the forces of terrorism and backwardness, and this image will remain immortal for the extent of history and engraved in the minds and conscience of generations.”

The Acting President of the Council said that “the whole world owes the Iraqi hand thanks to ending the state of superstition that was threatening the security of the region and all the peoples of the world, calling for the completion of the security victory achieved by supporting the families of the martyrs and institutions concerned with providing them with full care.”

https://shafaq.com/ar/سیاسة/الر-اسات-الثلاث-تستذكر-النصر-العراقيون-يخوضون-اليوم-معركة-ال-عمار-والبنا

How Our IQD Investment is Tied to Global Oil Supply #IQD Exchange Rate BY SANDY INGRAM

"RV UPDATE" BY FRANK26, 10 DEC

 Frank26

  Question: "How long will we have to exchange IYO?" 

 The American dollar 3-zero notes are still legal tender.  They're from the turn of last century!  We still have 3-zero notes...and they've never been expired.  But in this case it's different.  IMO I think they'll probably give you within a year.  Therefore it could be a year, six months, 3 months...

 Of course they [the banks] are going to verify it [your dinars upon exchange].  I love when people say, 'Hey Frank I need my Certificate of Authenticity...So I can give it to the guy at the bank to prove this is real dinars.'  Who told you that?  ' The guy that sold me the dinars...'When you take your dinars to a bank they are not going to say let me see your certificate of authenticity.  They will tell you if they are real or not.

  The CBI meetings are in Dubai right now...they are coming to a conclusion. 

 Were the CBI meetings discussing, should we use this rate, should we do this, this this, that?  No.  What they were discussing is, 'Are we going to release it on this date at this rate and this is what we have to do and this, this, this and this.'  Okay!  Now these meetings IMO are coming to a conclusion.  Yeah, they are working a few things but it's over and done with.

Iran loses to Iraq in Middle East bank negotiations? This is America’s plan, 10 DEC

 Iran loses to Iraq in Middle East bank negotiations? This is America’s plan

Estimates of an international research center 

 11:32 

964

Estimates from an international research center reveal that the recent intensive dialogues sponsored by the US Federal Reserve, between Baghdad and major banks in the Middle East, within the “dollarization” crisis, will strengthen the balance of trade and investment exchange with India, China and Turkey, against Tehran’s ambitions, and that matters are taking place under “American auspices.” “To adjust economic relations within a large and promising market in Iraq, with an understanding of the plans of the Islamic Republic when it wants to adapt to the new rules in the world of finance, sanctions, and raging wars.

According to Mehdi Dheghmi, head of the Iranian Trade Development Organization, Tehran will try to increase its contribution to the volume of trade and investment exchange with Iraq to rise to $40 billion in the year 2035 ($13 billion currently).

Therefore, the administration of US President Joe Biden is working to dismantle the episodes in which Iraq depends on Iran, starting from the energy sector, through Iraq investing its large reserves in the field of natural gas, which amount to 133 trillion cubic feet.

If this is achieved, Iraq will be able to achieve self-sufficiency in energy within the next five years, saving approximately 8 billion dollars annually, the value of gas imported from Iran to generate electricity.

In this area, the Central Bank of Iraq has been engaging in talks for weeks with a number of central banks in the region and the world to discuss the issue of expanding the basket of currencies that Iraq deals with in its foreign trade.

These discussions are taking place under the direct supervision of the US Treasury, where an understanding was reached with the central banks of Iran, Turkey, the Emirates, China, India, and the European Union regarding the currencies that will be used in Iraq’s foreign trade.

China occupies the forefront of trade exchange between Iraq and the countries of the world, as the numbers rose to reach 53.37 billion dollars, most of which is based on oil exports, while trade exchange with India reached approximately 37 billion dollars annually, especially with the increase in Delhi’s imports of Iraqi oil.

As for the exchange between Iraq and the European Union, it rose to the level of 24 billion euros last year, at a time when the numbers are expected to rise to double, especially with Iraq’s willingness and intention to export natural gas as part of Europe’s alternatives to Russian gas imports.

Iraq also recently joined the European Development and Reconstruction Bank, as this membership allows Iraq to develop its banking sector and create the appropriate climate for investment.

As the scope of trade between Iraq and the countries of the world expands, the connection of international interests to the Iraqi market increases, ensuring its stability and ensuring global energy security.

Geography plays an important role in the trade relationship between Iraq and Iran. The long borders between the two countries, the large number of commercial outlets, and the cheapness of Iranian goods compared to Iraqi products push towards increasing Iranian exports to Iraq. Iraqi goods exported to Iran are not equivalent to a tenth of Iranian goods exported to Iraq, which tilts the balance of trade in favor of Tehran.

This leads to an increase in the monetary supply of the Iraqi dinar in the Iranian market, where it is later used to buy the dollar and withdraw it from the Iraqi market.

Expanding the scope of trade between Iraq and the countries of the world would reduce the volume of trade with Iran in the medium and long term by 30%, thus reducing the volume of trade exchange between the two countries.

It is expected that China, India, and Turkey will control the volume of trade exchange with Iraq, at the expense of trade with Iran. The development path that Iraq intends to embark on will increase the volume of trade between Europe and Asia via Turkey. It will also increase the access of goods to the Iraqi market, reducing their cost and arrival time and enhancing competition for the benefit of the Iraqi consumer.

Within the framework of this equation, the government of Iraqi Prime Minister Muhammad Shia al-Sudani will have to search for and maintain a point of balance in its international and regional relations.

Developing Iraq’s trade relations with the countries of the world will be the fundamental turning point in Iraq’s foreign policies and ensuring its ability to manage its local files in accordance with the national interest.

https://964media.com/269989/

UNAMI On Victory Day: We Reiterate Our Commitment To Support Iraq In Preventing The Return Of Terrorism And Violent Extremism, 10 DEC

 UNAMI On Victory Day: We Reiterate Our Commitment To Support Iraq In Preventing The Return Of Terrorism And Violent Extremism

The United Nations Mission in Iraq (UNAMI) on Sunday reaffirmed its commitment to supporting Iraq in preventing the return of terrorism and violent extremism.

“On the sixth anniversary of the defeat of ISIS, we remember those who gave their lives in this crucial battle and reiterate our commitment to support Iraq in preventing the return of terrorism and violent extremism,” the mission said in a blog post read by Earth News.

“Protecting human rights and respecting diversity and democratic processes are essential elements of a cohesive and prosperous Iraq,” she added.