"ANALYSIS OF IRAQ NEWS" BY MNT GOAT, 24 JAN

MNT GOAT

AL-SUDANI: IRAQ TODAY IS ON THE RIGHT PATH AND PROJECTS ARE BEING COMPLETED ACCORDING TO TIMING

The Prime Minister, Muhammad Shiaa Al-Sudani, confirmed today, Saturday (January 20, 2024), that the Fine Arts Intersection project is simple and the government’s ceiling of goals and ambitions is high, while indicating that Iraq today is on the right path.

More news….

PARLIAMENT TO RESUME NEXT WEEK

Baghdad – Iraq Today:

The Media Department of the House of Representatives announced the resumption of the regular sessions of the Council next Saturday.

The department stated in a statement that “the presidency of the Council will hold regular meetings with the parliamentary committees on Wednesday, January 24, 2024.”

She added that “the regular sessions of the Council will resume on Saturday, January 27, 2024.“

More news….

PARLIAMENTARY DETERMINATION TO APPROACH THE GOVERNMENT ON THE OIL AND GAS LAW

Economy News – Baghdad

The parliamentary Oil, Energy and Natural Resources Committee plans to approach the government on the draft oil and gas law.

Committee member Ali Al-Mashkour said that the committee did not achieve any meeting between its members due to the start of the current legislative term a short time ago, pointing to “the parliament’s preoccupation with disputes over the position of the speaker of the House of Representatives, which is still pending until now,” according to the official newspaper.

He pointed out that “the committee has many topics that it wants to discuss in its meetings that will begin in the coming weeks, including the outstanding matters between it and the Ministry of Oil, which need decisions to be decided by the first.”

“The committee will follow up on the licenses of the fifth round of gas fields, in addition to approaching the government on the oil and gas law, and the solutions it has reached to the points of contention between the center and the region,” he said.

(I believe this has to be resolved and law passed before we will see the RV. I am sorry but this is what I am told by my CBI contact. We wait…. This was supposed to be completed last year but they could not come to agreements on the terms of the law at that timeframe.)

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

Iraqi Dinar | United StateTreasury Big Announcement IQD Exchange Rate | ...

Foreign Minister: Iraq seeks to take its natural position in the region and the world, 24 JAN

 Foreign Minister: Iraq seeks to take its natural position in the region and the world

Foreign Minister Fuad Hussein, on Tuesday, confirmed Iraq’s quest to take its natural position in the region and the world, while referring to Iraq’s firm position on the Palestinian issue.

In a statement received by Mawazine News, the ministry said that “Deputy Prime Minister and Foreign Minister Fuad Hussein gave a lecture at the International Diplomatic Academy in Vienna entitled (Middle East 2024.. Challenges and Opportunities),” in the presence of the President of the Academy, Emile Brix, a number of diplomatic and political figures, Iraqi students studying in Vienna, and a number of researchers in Middle East affairs.”
He pointed out to “the development of the democratic process in Iraq and the recent elections of local councils, and Iraq’s endeavor to occupy its natural position in the region and the international community,” pointing out that “Iraq’s position is fixed on the Palestinian issue, which emphasizes the need to stop this war, which began to expand and threaten the entire region, which will not be in the interest of any regional or international party. The wars were never a solution, so this war must be controlled and stopped as soon as possible.”
In another axis, he pointed to “the economic situation and plans to build a diversified economy that does not depend on the rentier economy by creating different industries, returning the agricultural sector and producing gas to rely on Iraqi competencies and manpower in electricity production and investment in infrastructure.”

https://mawazin.net/Details.aspx?jimare=240894

"RV UPDATE" BY MNT GOAT, 24 JAN

 

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

iraqi dinar✅Iraqi Dinar New Exchange Rate Today 2024 / Iraqi Dinar Today...

Romasinki impressed by Iraqi bank accounts: up 31% in a year, 24 JAN

  Romasinki impressed by Iraqi bank accounts: up 31% in a year

Shafaq News / US Ambassador to Baghdad Elena Romanski said on Tuesday that she was fascinated by the rise of Iraqis’ bank accounts.

In a tweet on X, she said that the data of the Central Bank of Iraq indicate that the total deposits held by Iraqi commercial banks increased by about 37% over the past two years.

From 2021 to 2022, the total number of people with a bank account in local banks increased by 31%, she added, stressing that it was “an impressive progress.”

“By working with Iraq on reforms, we contribute to building confidence in the banking sector,” she continued, considering that “modern banking services enable to promote greater foreign investment and protect funds from financial crimes, theft and loss.”

https://www.shafaq.com/ar/اقتصـاد/روماسنكي-منبهرة-بحسابات-العراقيين-المصرفية-ارتفعت-31-خلال-عام

"RV UPDATE" BY FNU LNU, 24 JAN

 Fnu Lnu  

 Article:  "The Central Bank of Iraq announced the approval from the US Federal Reserve to supply dollar cash in 2024, as part of efforts to stabilize the Iraqi economy and its currency." 

 Quote: "The decision came after officials from the Central Bank of  Iraq held a meeting with representatives from the Fed and the US Treasury in Dubai. "  As of  last Thursday, the official market recorded an exchange rate of 1,296 dinars per dollar.  It appears the UST is helping Iraq to stabilize.

 The Dubai meetings concluded with praise for the bank's strategies in reducing dollar transactions in the local market.  Iraq could end the parallel market activity by simply revaluing the Dinar above one USD and the black market activity would come to a screeching halt.  

So why haven’t they? Are they stalling for some reason?