Iraq Boosts Iraqi Dinar to Reduce Overreliance on U.S. Dollar

"RV UPDATE" BY FRANK26, 17 JAN

 Frank26  

 Question:  "Is  [Firefly boots on the ground in Iraq] optimistic or frustrated?" 

 Both.  He's optimistic because he knows what Sudani and the CBI have been telling the citizens of Iraq...Because he can go into a bank in Iraq now and ask questions and they will answer them point blank.  But he's also frustrated because how much longer?  We're talking about going into...January already.  This thing should have happened at the beginning of the year .  What's the hold up?  Why are we waiting?

 I don't think they're waiting for much of anything right now.  They're moving fast.  They're moving quickly in every aspect of the monetary reform.  The next step is to show the lower denoms...new exchange rate and to allow it to float on an international platform...These are not subjects we are proposing to you, these are subjects that are in the articles themselves...  

Iraqi Dinar | Fantastic News Iraq Complete All step Join WTO Membership ...

Parliamentary Finance reveals that the 2024 budget is about to reach its legislation, 17 JAN

 Parliamentary Finance reveals that the 2024 budget is about to reach its legislation

Baghdad - Iraq Today:  2024/01/16 09:24

The Parliamentary Finance Committee resumed its regular meetings at the beginning of the new legislative term, while confirming the imminent arrival of the budget law for the year 2024.

The media office of the head of the committee said in a press statement: "The parliamentary finance committee, headed by Atwan Al-Atwani, resumed its regular meetings at the beginning of the new legislative term to discuss a number of topics related to its legislative and oversight work."

He added that "the meeting discussed ways to conduct a quick review of the work of the committee during the past legislative term and determine the priorities of the next stage in accordance with the ministerial curriculum, whether in terms of completing the requirements of legislating important laws or monitoring spending and overcoming obstacles and obstacles that delay the implementation of service and development plans and programs."

Al-Atwani stressed - according to the statement - that "the committee is waiting for the arrival of the budget law for the year 2024 soon to make the necessary amendments to its schedules," stressing "the need to determine our priorities in accordance with the government program."

"We will have field visits in the coming days to ministries and provinces to follow up on the implementation of plans and programs," he said, addressing committee members by saying: "Your presence in the field is enough to solve all legal and technical problems that delay the referral of strategic projects and hinder the completion of those who lag behind them."

"We have allocated additional funds to the provinces in order to implement strategic projects, and this requires us to follow up on funding and implementation," he said, pointing to "the need to work to overcome obstacles to completing school building projects that have been lagging for years."

"RV UPDATE" BY MILITIAMAN, 17 JAN

 Militia Man   

Article:   "Iraq returns to the World Trade Organization 14 years after its expulsion”  They didn’t finish fifteen years of work in one year to not have accession. The development road and sustainable development projects are only just beginning. Iraq as we have been noting here has been setting the stage for entering the international financial system. We are a part of and watching history in the making!! This is truly an amazing article...

Article quote:  "The new role of government banking in financing foreign trade for the private sector is in accordance with approval of the International standards..."  Iraq is telling you that they have the private sector in mind.  They're doing it in what?  In accordance with the approved international standards.  Did they have that before?  Obviously not.  Why would they be talking about it if they did.

 There's some very significant, big, big players exposed to this.  We all know JP Morgan, CitiBank and others are 100% involved...See the picture of the Vice President of JP Morgan Chase doing deals with Iraq...You walk into the bank at Chase and your average guy doesn't know what we know because what we know is we study and we have the data to support and the articles that are public that present that information.

Iraqi Dinar | CBI Fixed Exchange Rate $3.22 | Iraqi Dinar News today 2024

The House of Representatives discusses the latest requirements for Iraq’s accession to the World Trade Organization, 16 JAN

 The House of Representatives discusses the latest requirements for Iraq’s accession to the World Trade Organization, 16 JAN

Tuesday, the Parliamentary Economy, Industry and Trade Committee discussed with the Permanent Representative to the World Trade Organization the requirements for Iraq to join the World Trade Organization.

The media office of the Chairman of the Parliamentary Committee, Representative Ahmed Salim Al-Kinani, said in a statement that the committee hosted the Permanent Representative of the Kingdom of Saudi Arabia to the World Trade Organization, His Excellency Ambassador Saqr Al-Muqbel, the Commercial Attaché at the Saudi Embassy, the Director General of Relations in the Iraqi Ministry of Commerce, Mr. Riyad Al-Hashemi, and the Assistant Director General of Foreign Relations in the Ministry.

Trade, indicating that the committee discussed with the Saudi delegation the requirements for Iraq’s accession to the World Trade Organization, most notably the approval of the intellectual property law, which is one of the conditions for joining the organization.

The Chairman of the Parliamentary Committee, Representative Ahmed Salim Al-Kanani, confirmed that Iraq has been striving hard since 2006 to join the World Trade Organization in order to raise the level of the economy in the country and make it within international standards, pointing out that Iraq has completed all the requirements for joining the World Trade Organization in 2023, and only legislation remains. Intellectual property law in order for Iraq to take its membership in the global organization and transform trade for exports and imports within internationally approved standards and quality conditions.  link