Fri. 15 Dec: Iraq has completed all of their banking competencies required of the CBI in Iraq to meet International Banking Standards.And tomorrowSat. 16 Dec, they are expected to finish their banking reforms with their managers per a recent article. At this time, they will have two weeks to do logistics training with their employees to prepare them for working with International Exchange going forward and only using the Iraqi Dinar locally.
Iraq has signed a number of agreements around the world to begin trading beyond their borders, and they have exchanged currencies with several countries to enable them to move forward with exports and imports. The article below is a confirmation regarding a completion of a year-long set of economic reforms. It celebrates the work that they have done to achieve International standing in the banking system. …Goldilocks
Iraq And Saudi Arabia Agree To Coordinate Positions And Support Anti-Corruption Projects
Time: 12/15/2023 16:03:10 Read: 468 times {Local: Al-Furat News} The Integrity Commission announced the agreement of the delegations of the Republic of Iraq and the Kingdom of Saudi Arabia, on the sidelines of the tenth session of the states parties to the United Nations Convention against Corruption, to coordinate positions and support anti-corruption projects.
A statement by the Integrity Commission stated that “the Iraqi delegation represented by the head of the Federal Integrity Commission, Judge Haider Hanoun, discussed with the Saudi delegation headed by the head of the Oversight and Anti-Corruption Commission (Mazen bin Ibrahim Al-Kahmous) unification of positions and coordination between them regarding anti-corruption projects.” It is planned to be presented as part of the conference’s work.
During the meeting, Hanoun praised “the country assessment project presented by the Kingdom of Saudi Arabia,” Stressing that “the Iraqi delegation strongly supports the Kingdom’s proposals and projects included in the conference’s work and recommendations,” Pointing out that “Saudi decisions and their success are conside red Iraq’s success, calling for consideration of presenting human rights standards in accordance with the principles and morals of Arab countries and the values and ideals of Islam.”
Hanoun affirmed “the Republic of Iraq’s support for the Nazaha Global Initiative.” To measure corruption launched by the Kingdom of Saudi Arabia, which is one of the biggest challenges facing many countries, which is the lack of objective indicators to measure the progress that countries are making in the field of combating corruption," Stressing that “the evaluation must be objective, free of any impurities that could make it have a political character, and that it must be based on facts, numbers, and scientific data.”
For his part, the head of the Saudi Oversight and Anti-Corruption Authority expressed his happiness at strengthening and consolidating relations between Arab countries and the mutual endeavor to support the proposals and projects that emerge from them and the cooperation that he sensed from the Iraqi delegation, represented by the head of the authority, wishing the Republic of Iraq, its institutions and its people Development, prosperity, and progress in the field of combating corruption, stressing that the memorandum of understanding to be concluded between the Iraqi Federal Integrity Commission and the Saudi Oversight and Anti-Corruption Commission is in the final stages of preparation.
In a related context, the Chief of Integrity met with his Jordanian counterpart ( Muhannad Ali Ibrahim Hegazy) “During the meeting, they discussed cooperation mechanisms in combating corruption, recovering funds and defendants, removing obstacles to that, and emphasizing putting the final touches to the memorandum of understanding between the two parties. Its conclusion will be announced in the next month. LINK
The expected RV is now scheduled. Good news. This morning Iraq citizens were told in the next couple days. Sudani told ppl the rate is going to change in the next couple of days. I also go this from Tish she was watching in Iraqi tv. The RV was supposed to occur last nightThurs. 14 Dec.
Supposedly, the reason it didn’t is the U.N. filed a motion to take over the entire process. The judge denied the U.N. motion. It didn’t make any sense b/c the IMF already released it to the counties. Every country has money, reserved currency, and is waiting to go live. Our window of time is4:30pm Eastern Fri. 15 evening until 5:00 pm Eastern Sun 17 Dec.of when this could go through. In Iraq today the Kurdistan region was told that today was the last day they can turn in three zero notes and actually get 25,000 dinar for a 25,000 note.
Sudani was telling ppl this morning in a town hall type of meeting that the rate is going to change in the next couple of days. The last day the rate changed was the 20th of December.If Iraq says today is last day, 4:30 EST is the next day Iraq time ~ a few minutes past midnight. They wanted to do it at 1:00 am eastern. This is how they want it to go down. In Iraq everyone is off Monday and Tuesday so they can go vote and the budget will be released onTuesday.All the money.
Always said they wouldn’t do that until the rate was changed. This hopefully will be our weekend. People who had bank appointments this weekend were told that there would be no fees during the exchange. If you go to the teller window, there will be fees. There is no turning back. US has released it. IMF released to each country so when it goes, they can start exchanging. The money is in place so they can operate with it. They can’t wait. Sudani saying in acouple of days.
Al-Sudani: We have developed a plan to construct dams throughout Iraq
The Prime Minister of Iraq, Muhammad Shiaa al-Sudani, has announced that his government has developed a plan to tackle the issue of water scarcity in the country. The project involves dams to collect rainwater across Iraq, including the Kurdistan region. Al-Sudani stated that the problem of water scarcity is a result of climate change, which poses an existential threat to the country. This has resulted in a decrease in water levels in rivers due to migration and other impacts. The government has already taken steps to address the problem by implementing wastewater networks, but the need for treatment plants has resulted in sewage being dumped into rivers, which further exacerbates the problem.
The government’s plan includes the construction of treatment plants in all regions from Mosul to Basra by 2024 to ensure that wastewater is processed and not released into rivers. This will also help to address the environmental problems caused by the burning of associated gas, which contributes to global warming. The government is also planning to incentivize farmers to adopt more efficient irrigation methods, such as the use of sprinkler systems, which will help to conserve water.
Al-Sudani also highlighted the issue of neighboring countries, such as Turkey, which have built dams that generate electrical energy but release water on the Tigris and Euphrates rivers, reducing the water supply to Iraq. Al-Sudani emphasized that the government’s efforts to address the issue are being carried out diplomatically, as escalating the matter to international organizations would take time and may not address the root of the problem.
The government’s strategic plan to overcome the water scarcity problem will be announced soon, with hopes that it will be signed by the Turkish President during his visit to Baghdad. The plan includes the construction of dams in the Kurdistan region and the implementation of an integrated water management process that involves diverting wastewater to agriculture, as is done in other countries. Al-Sudani reassured the public that the government is taking the matter seriously and is committed to addressing the issue of water scarcity in Iraq.
The Prime Minister has proposed a plan to build small dams throughout Iraq in order to harvest rainwater and direct it to various uses. He is optimistic and believes that this plan, which he describes as “integrated for all parts of Iraq,” is the ideal solution to the water problem. He states that if they manage water revenues well, it will be sufficient to meet all human and non-human needs. Technicians and specialists have confirmed the viability of this strategic project.
I asked [my CBI contact] what the next targeted steps were and I was told that the committee does not even know and were told just to standby and the CBI is going to try to “push” to continue as they are ready for the next step in the process. I was told the IMF is negotiating the new peg for the dinar but to remember it impacts all countries in this new peg not just Iraq.
I was told this is close to being completed and should be done this week ending. This lines us up for next week to begin the currency sway [swap ?] out, but they told me it is delayed until further notice.
So, at least we now have a timeline when they did plan it and still could do it based on what happens with the US bombing issue. My contact did reiterate that the process now is irreversible and must go forward. The US had already given assurances they would not back out if the CBI moved ahead. So all I can say is let’s sit tight and watch what does happen in the coming week.