US dollar, Iraqi dinar - they have one of the biggest US dollar reserves on the planet. And that's what backs up their dinar (outside of their energy sales). They are not de-dollarizing to do business internationally without using the dollar...they're not getting rid of the US dollar. It's still part of their reserve. If they're going to sell oil to the United States they're going to use the US dollar...
The inflation for Iraq is artificial inflation. You go back and look, How many customers did Iraq have back in the day?
How much oil were they selling? What was the value of the currency back in those days? $3.22 value. How many customers do they have today? They have way more customers. They have more production. The price per barrel is more than in those days when it [the dinar] was $3.22. It's not a market bearing inflation, it's artificial inflation. They have more customers. They have a bigger reserve than they've ever had. One of the biggest in the world for the US dollar. That's the reality that you're looking at. You are sitting on a gold mine.
Article Quote: “covering imports from retailers Turkey in tens of millions of euros, through Iraqi merchants paying in Iraqi dinars and the Central Bank strengthening them in euros to settle with Turkish merchants in Turkish lira.”
...WOW! WOW! WOW! Iraq is paying for imports in dinars. We have been waiting for this news for so long now, almost 17 years... We also previously heard that Iraq is trading with Iran in dinars too... this is all VERY GOOD news as this is how international trade should work...
Article: "PARLIAMENTARY INVESTMENT AND DEVELOPMENT: THE INDUSTRIAL INVESTMENT LAW WILL BE APPROVED DURING THIS SESSION"
Quote: "...the Industrial Investment Law has completed its first and second readings, and is ready for a vote in the House of Representatives during the current session..." This Industrial Investment Law goes hand in hand with the revaluation of the dinar and rebuilding of the economy. You can see it all coming together and 2024 will be explosive...
Iraq begins electoral silence on Friday. Documents
2023-12-11 03:49Font
Shafaq News / The Media and Communications Commission announced, on Monday, that the “electoral silence” begins from next Friday, December 15, until the closure of the last electoral center.
This came in a book sent by the authority to media institutions in which it called on the institutions to abide by electoral silence and not to promote any entity or candidate.
Electoral silence is a period determined by law preceding every presidential or parliamentary elections, in which the practice of political propaganda is prohibited, during which all parties and independent and coalition parties are prohibited from exercising any activity within the framework of their electoral campaign, and in which candidates are strictly prohibited from carrying out any process that falls within the promotion, propaganda and winning the favor of voters.
China Praises Iraq's Efforts To Combat Corruption And Calls For The Speedy Conclusion Of The Memorandum Of Understanding
Economy | 12/12/2023 Mawazine News – Baghdad The Head of the Iraqi Federal Integrity Commission and the Director of the International Cooperation Directorate of the Chinese National Oversight Commission (Cai Wei) discussed mechanisms for exchanging experiences in the field of corruption prevention and efforts to combat it and signed a memorandum of understanding between the two sides in this regard.
Haider Hanoun confirmed, according to a statement from the Commission received by Mawazine News during the meeting that took place on the sidelines of the meeting of the tenth session of the Conference of the States Parties to the United Nations Convention against Corruption, which the United States is hosting in the period from (11-15) of this December, he confirmed, The importance of communication and cooperation with the Directorate of International Cooperation of the Chinese National Supervision Commission,” noting “the necessity of providing a safe environment for foreign companies operating in Iraq, especially Chinese ones.”
He praised what he called "the steadfastness of Chinese companies in the face of corrupt people, one of the reasons for which he attributed to the efforts of the Commission and the increase in the pace of the deterrent aspect through control operations."
For his part, Director of the International Cooperation Directorate of the Chinese National Oversight Commission (Cai Wei) pointed out that “the anti-corruption process requires great efforts and the concerted efforts of everyone in order to build and progress,” noting “the remarkable development in anti-corruption efforts in Iraq, both on the The deterrent level or the level of prevention and prevention of corruption.”
He renewed his country's support for the Republic of Iraq in this regard, and sought bilateral partnership in the areas of supporting anti-corruption efforts, calling on the presidency of the Commission to hold a special workshop in Beijing. To strengthen ties and prepare for the completion of the draft memorandum of understanding.
It is noteworthy that the United Nations Convention against Corruption and the decisions emerging from the meetings of the States Parties to it recommend that States Parties, when necessary and in a manner consistent with the Convention, conclude bilateral agreements among themselves related to cooperation in the field of preventing and detecting corruption crimes and prosecuting natural or legal persons who have committed them, and to cooperate in Close cooperation between them, in accordance with their internal legal and administrative systems, to enhance the effectiveness of law enforcement measures. Ended / 25 https://www.mawazin.net/Details.aspx?jimare=239211
