Wednesday, January 10, 2024

Today.. the launch of the Baghdad Exhibition activities, with wide local and international participation, 10 JAN

   Today.. the launch of the Baghdad Exhibition activities, with wide local and international participation

The Minister of Commerce, Atheer Daoud Al-Ghurairi, announced the completion of all preparations for holding the 47th session of the Baghdad International Fair, which opens today, Wednesday, with wide local and international participation.

Al-Ghurairi confirmed, according to a trade statement after his tour of the exhibition’s pavilions and citizens’ resting places, that the exhibition in this session differs from previous ones in terms of organization, the number of participating countries and companies, and the infrastructure that we have worked on over the previous months, to be at the level of ambition, as the exhibition represents Iraq’s window to the world and contributes to achieving real partnerships. For the Iraqi private sector with its counterparts in other countries of the world.”

He added, “The staff of the General Company for Iraqi Exhibitions, along with the supporting bodies in the ministry’s departments and companies, have completed all final preparations for holding the new session of the Baghdad Fair, and we can say that this session will have a good level of organization, as well as aspects Others related to rehabilitating green spaces, planting them, and creating electronic gates for the first time. We were able to take many measures in the exhibition’s pavilions and halls, which continued over the past months, contributing to fundamental changes that showed the exhibition with artistic beauty and good taste.”

Al-Ghurairi noted the participation of more than 21 countries and more than 850 companies in the session’s activities. Some of the new ones are participating for the first time, and there are many requests to participate in the exhibition that were submitted to the General Company for Iraqi Exhibitions, while the Iraqi Federation of Industries participates with a large pavilion that represents Iraqi industries of locally manufactured materials, and some of them are exported to other countries of the world. It is a step that works to find all means of support for them to enable and support them. Export.   link

"RV UPDATE" BY PIMPY, 10 JAN

 Pimpy 

  I've heard so many [gurus] talk about - according to the IMF Iraq needs to be within 2% between the parallel rate and their official exchange rate.  No that's not right...To maintain stability Iraq needs to maintain a narrow spread, that's the gap between the official exchange rate and the black market.   Generally a spread of less than 5% is considered acceptable.   Not 2%, 5%.  A spread more than 10% is considered a significant risk to the economy.  Iraq is going to have to shoot for between 5 and 10%.  They want to be less than 10.  It'd be idealistic if they can get around 5...

 The best suggestion I would make when it comes to this is get a tax expert that can help you with this.  Let them tell you what you can do to help reduce the amount of money you owe based on the amount you get when you swap your currencies.  

When you swap your Iraqi Dinar for US dollar if the exchange rate gets up there to a level you like you're going to have to pay capital gains taxes on it... [Note:  Some gurus feel it will be/could be taxed as ordinary income.  Consult your tax expert to determine what's right for you.]

Iraqi DinaršŸ”„CBI Said Iraqi Dinar Would Go International Today 2024šŸ”„iraqi...

Al-Sudani: No force will be able to stop the wheel of reconstruction that has begun, 10 JAN

 Al-Sudani: No force will be able to stop the wheel of reconstruction that has begun

Prime Minister Muhammad Shiaa Al-Sudani said on Wednesday that the government he heads is continuing with the wheel of reconstruction and construction in the country despite the many challenges it faces.

This came in a speech during the launch of work on a multi-lane bridge project on the Tigris River in Al-Jadriya in the center of the capital, Baghdad.

Al-Sudani said in a speech followed by “Earth News” that, “The Iraqi government faces many challenges, and there are those who try to occupy us with this or that file, but they face a solid will and determination to continue with this methodology of work regarding the implementation of projects.”

He added, "We pledge to our people that we will not back down from work, and no force will be able to stop the wheel of reconstruction that has begun."  link

"RV UPDATE" BY WALKINGSTICK, 10 JAN

 Walkingstick 

 [Aki - Iraq Bank owner in US update] 

Question:  "The new orders you got on January 1st, are they for you to dispense the lower denoms and collect 3 zero notes?"  Here in the Untied States we are preparing to do everything with electronic platforms...We are prepared to collect the 3 zero notes from those that wish to exchange them for American dollars...We follow International banking laws, the same laws American banks follow.  Here in the United States the bank that I am in charge of will be all electronic. 

When you ask about the LDs they are only found in Iraq.  We do not possess them.   Iraq will give to the Iraqi citizens, when the time comes, physical lower notes and coins and collect three zero notes...

The difference is that here in the US I have to do everything electronic where my friends in Iraq, their banks can do it electronic or physically if they want the lower denoms and coins in their hands

Iraqi DinaršŸ”„Excellent Achievement About RV Of Iraqi Dinar Finally Today ...

Washington disregards Baghdad's decisions. Its forces continue to stay and the dispersion of positions supports them, 10 JAN

 Washington disregards Baghdad's decisions. Its forces continue to stay and the dispersion of positions supports them

Information/private.

The Pentagon expressed a position through which it responded to the Iraqi government, which was determined to schedule the removal of their forces during the current year, so Washington did not pay attention to Baghdad's demands, and hit the desires of political and popular forces "in disregard."

The refusal of the Washington administration to withdraw its forces from Iraq is not new, as it has always maintained that its exit in 2011 was a big mistake, which it was reconciled by introducing ISIS gangs to return from the window again, under the pretext that it was able to return again to Mesopotamia.

The Pentagon confirmed on Monday that it does not currently plan to withdraw its forces of about 2,500 troops from Iraq, under the pretext of fighting ISIS gangs.

The leader of the Fatah Alliance, Aide Sahib, outlined the reasons for the continued US presence in Iraq, while stressing the importance of Washington's commitment to agreements with the Iraqi state.

Sahib said, in an interview with the Information Agency, that "the US presence in Iraq is due, among other things, to Washington's fear for its interests in the region, and therefore it will not abide by any pledge with the Iraqi government or any other political party related to the withdrawal of its forces from Iraq."

He adds, "The other thing revolves around the Iraqi house, where there are three houses inside the Iraqi house, which leads to the absence of unity of discourse, which Washington invests very heavily by pushing the components towards each other, and through this policy can establish its presence in the country."

The leader of the Amiri alliance pointed out that "there are very many international files, where we need a global negotiating team capable of going towards global institutions to embarrass Washington and draw its policy inside Iraq, as is the case in Korea, Japan and Germany "

Sahib stressed "the importance of America's commitment to agreements and commitments with the Iraqi state, especially the previous ones, as Washington cannot violate Iraqi autonomy and not abide by the Strategic Framework Agreement, for example."

Washington disregards Baghdad's decisions. Its forces continue to stay and the dispersion of positions supports them

 Washington disregards Baghdad's decisions. Its forces continue to stay and the dispersion of positions supports them

"Official occupation"

The American response to Baghdad's demands clarifies one reality, which this or that political party is trying to hide to ensure the achievement of mutual interests, away from the interests of the Iraqi people, who have suffered greatly from the American presence on their territory.

In addition, the leader of the coordination framework, Mahmoud Al-Hayani, commented on the position of the US Department of Defense, which rejected the exit of its forces from Iraq, and while describing the US presence as "occupation", he stressed the lack of need for these forces to survive.

Al-Hayani said, in an interview with the agency / Information /, that "after the recent position issued by the Pentagon, which refused to withdraw its forces from Iraq, those forces have become officially occupied," noting that "the Iraqi government insists on the formation of committees to schedule the removal of all foreign forces, while Washington rejects this idea."

He pointed out that "the security agreement concluded between Baghdad and Washington focused on pushing back the danger and fighting terrorism that threatens the country, but this file has ended after the defeat of ISIS gangs, which confirms that the country does not need these forces." "

"The forces that defended the country from the threat of ISIS were represented by the Iraqi security forces, not the Americans," he said, pointing out that "America's insistence on staying confirms the existence of premeditated goals and intentions."

The American presence in Iraq is due to a basic reason and revolves around the existing political forces, so that each of them searches for its interests, so you see that party is allied with Turkey, and this with the UAE, and the other with America , so it does not consider Iraq its home, but just a geographical location to be on, and stole the largest amount of its wealth. 

DINARLAND HIGHLIGHTS, 26 NOV

 DINARLAND HIGHLIGHTS Summary Iraqi Dinar Guru updates reveal optimism about a new exchange rate linked to the HCL, ongoing budget discussio...