Al-Sudani renews his call for Tunisian companies to invest in Iraq, 30 JAN

  Al-Sudani renews his call for Tunisian companies to invest in Iraq

Today, Tuesday, Prime Minister Muhammad Shiaa Al-Sudani called on Tunisian companies to participate in projects, investment opportunities, and infrastructure construction in Iraq, while stressing the importance of economic integration and the success of the upcoming Iraqi-Tunisian committee meetings in Baghdad.

The Prime Minister's Media Office stated, in a statement received by Al-Iqtisad News, that "Al-Sudani received the Ambassador of the Republic of Tunisia to Iraq, Shukri Al-Latif, where, during the meeting, they discussed the horizon of joint cooperation between the two brotherly countries, and ways to strengthen relations at various levels and fields, in a way that would benefit "In the interest of the Iraqi and Tunisian peoples."

Ambassador Shukri Latif conveyed the greetings of Tunisian Prime Minister Ahmed Saleh Al-Hashani to Al-Sudani, his appreciation for Iraq’s positions, and the sincere desire to expand the strategic partnership and strengthen friendship between the two countries, which Tunisian President Kais Saied espouses, according to the statement.

He also conveyed to Al-Sudani a written message from Al-Hashani, which included sending an official invitation to the Prime Minister to visit Tunisia, in order to discuss ways to diversify areas of cooperation, raise them to the highest levels, and confirm the trend towards constructive joint work.

The Prime Minister expressed his "appreciation for the invitation and responding to it as soon as possible," stressing "the importance of mutual support in international forums and Tunisia's position on the Palestinian issue."

Al-Sudani also renewed his "invitation to Tunisian companies to participate in projects, investment opportunities, and infrastructure construction in Iraq, and the importance of economic integration and the success of the upcoming Iraqi-Tunisian committee meetings in Baghdad."    link

"RV UPDATE" BY MNT GOAT, 30 JAN

 Mnt Goat  

 Article:  "NATO CONFIRMED TODAY, TUESDAY, THAT IRAQ IS A REGIONAL LEADER IN THE REGION AND IS TODAY MORE SECURE AND STABLE"  

Quote:  "...the NATO mission is an advisory mission, not a combat mission, and that Iraq is a regional leader in the region, and is safer today and stability."   This was nice to hear that they believe Iraq is SAFER and STABLE. This is what we need.

CBI CONTACT INFO: 

...the hot topic in the CBI, as my contact told me...

is that the CBI is working towards getting the parallel black market rate in check with the “official” CBI rate of the dinar. 

I asked my contact why the past plan to end this crisis has not yet ended it? I was told it is taking more than expected for the measures underway to take hold, but that they will eventually end the crisis and the rate will come down...

 I then asked about the “basket of currencies” we been hearing about to re-peg the dinar. 

I was told this is coming but they can’t peg the current in-country rate until they resolve the parallel market crisis and move to FOREX. This is exactly what I wanted and needed to hear. This falls directly in-line with the 2011 Dr. Shabibi plan I have talked so much about already. So all is very good in my eyes as far as this process goes.

Salah talking again BY NADER FROM MID EAST

The Bank of Jordan links Iraq through an electronic system with four Arab countries, 30 JAN

The Bank of Jordan links Iraq through an electronic system with four Arab countries

The Bank of Jordan announced, today, Tuesday, the opening of its branch in Iraq, confirming that Iraq is linked to an electronic system with four Arab countries, while indicating that the Central Bank is making great efforts to develop the banking sector in Iraq.

The General Manager of the Bank of Jordan Group, Saleh Hammad, told the Iraqi News Agency (INA): “Iraq includes a strategic investment market that has all the elements of a successful investment, so we are keen to be present in this market that leads to joint investments between Iraq and Jordan.” .

He explained, "Joint investments need financial products and services that meet all the requirements of various segments of businessmen, investors, and companies. Therefore, the value that any external institution will add to Iraq is the new technology that it can introduce on the basis of providing financial services.

He continued, "Financial services are not limited to technological luxury, but have become one of the basics of financial institutions, to improve their services and digital transformation, to meet customers' needs around the clock."

He pointed out that "the Bank of Jordan seeks, through its presence in Iraq, to meet the needs of its customers, whether Iraqis or Jordanians, by exploiting its network and electronic systems in the region of the Arab countries in which it is located."

He stated, “The Bank of Jordan is present in many Arab countries, including Iraq, Palestine, Bahrain, and Syria, and now we are in the process of opening a branch in the Kingdom of Saudi Arabia. Therefore, we see that there is integration and trade exchange between these countries in an electronic system, where the customer or investor can view... This system and the exchange of his money very easily,” stressing that “there are continuous efforts to improve the system existing at the Bank of Jordan.” 

Hammad stressed that "the Bank of Jordan can implement the electronic system in Iraq."
He pointed out that "there is joint cooperation with the Iraqi banking sector and the Governor of the Central Bank, and previous conferences were held between the Jordanian banking sector and the Iraqi banking sector, in order to improve the infrastructure and electronic services in Iraq."
He continued: "There were great joint efforts to provide support through existing expertise in Jordan, such as (Kalak) services, paying electronic bills, providing all requirements, and other services."

He pointed out that "the Central Bank of Iraq is making great efforts to develop the banking sector in Iraq, as it has taken a serious and strong approach to modify the system, and I believe that they are moving at a very good speed to shorten the time gap, to reach the ranks of developed countries with these services."

He believes that “one of the large, promising markets is the trade exchange between Iraq and Jordan, due to the geographical proximity between the two countries, so shipping and transportation operations are very easy, and this is what we seek in economic integration, which could generate a nucleus for investments that can compete in the Arab region.” link

 

"RV UPDATE" BY WOLVERINE, 30 JAN

 Bearded PatriotUSA

Telegram post
1/30/24

Forwarded from Wolverine:

I know I’ve been told to be quiet but I’m allowed to share things are have already been discussed before and allow me to refresh your memory.

The paymasters have received the money days ago.

1% will be paid out this week (please stay grounded).

This was confirmed.

Bonds will be paid out first which then triggers the 4B to go.

All this needs to go before the end of this month.

Just stay grounded and have faith that this is coming.

God bless,

Wolverine

https://t.me/Bearded_PatriotsUSA/14311

I’m back I was suspended for a week BY NADER FROM MID EAST

Senior US sanctions official in Baghdad to curb dollar smuggling to Iran, 30 JAN

 Senior US sanctions official in Baghdad to curb dollar smuggling to Iran

Washington seeks to dry up the sources of Iran’s funding for the militias

 Nelson discussed ways to protect Iraqi and international financial systems from criminal, corrupt and terrorist bodies.

 Nelson meets with senior officials led by Mohammed Shia Al-Sudani

WASHINGTON – A senior official in the US Treasury Department in Iraq discussed the file of Iran’s evasion of sanctions and held the financial sector in the country to be compatible with international standards, referring to efforts to curb the smuggling of the dollar to Tehran, as this comes amid great tension in the region, especially the killing of American soldiers near the Jordanian-Syrian border as a result of attacks believed to be from militias loyal to Tehran.
A Treasury Undersecretary for Terrorism and Financial Intelligence Brian Nelson, the ministry’s top sanctions official, traveled to Iraq on a visit that began on Sunday and lasted until Monday, where he met with senior Iraqi officials, including Prime Minister Mohammed Shia al-Sudani, as part of ongoing work to combat illicit financing, a U.S. State Department spokesman said.
He added that during the visit, Nelson discussed with his counterparts ways to protect Iraqi and international financial systems from criminal, corrupt and terrorist actors, noting that Washington will cooperate to protect the Iraqi financial sector “from (any) abuse by Iran or any other evil party.”
The Iraqi government came to power with the support of powerful Iran-backed parties and armed factions with interests in Iraq’s largely informal economy as the United States revealed that Tehran sought to evade sanctions by smuggling the dollar from Iraq through a complex financial system controlled by political forces and militias loyal to the Iranian regime.
“From the perspective of the Treasury Department, I think we are really satisfied with the transparency tools put in place by the Central Bank of Iraq to identify illicit financial flows that pass through the Iraqi financial system,” Nelson said Monday. But he warned that Iraq should always put the risks of sanctions into its eyes.

Iraq must always put the risks of sanctions to its eyes

“We will continue to monitor Iraqi individuals, companies and banks that operate for or on behalf of groups designated by the United States as terrorist,” he added.
The United States on Monday designated Al-Huda Bank Iraq as a foreign financial institution of major concern regarding money laundering and accused it of acting as a conduit to finance terrorism.
The Treasury Department’s Financial Crime Service also proposed a decision to separate the bank from the U.S. financial system. Washington has also imposed sanctions on the bank’s owner.
“Bank Al-Huda and its foreign sponsors, including Iran and its agents, are diverting funds that could have supported the legitimate business and economic aspirations of the Iraqi people,” the Treasury said in a statement. These bad actors fuel violence that threatens Iraq’s stability and the lives of Americans and Iraqis alike.”
Nelson’s visit to Iraq comes as the United States seeks to crack down on a group of Iranian-backed proxies at a time when there are attacks on Israeli and U.S. targets and other interests, given the situation in Gaza, Iraq, Lebanon, Syria and Yemen.
Washington asked Iraq to address the ongoing risks of the misuse of the US currency in Iraqi commercial banks, and in July it banned 14 Iraqi banks from conducting dollar transactions in a major campaign targeting the illegal use of the dollar.

With reserves of more than $100 billion in the United States, Iraq relies heavily on Washington’s goodwill to ensure that oil revenues and money are not subject to U.S. sanctions.
Iraq’s central bank governor said Iraq is committed to implementing stricter financial regulations and combating dollar smuggling. Nelson is set to travel from Iraq to the UAE where Washington has also expressed concerns about sanctions evasion.

https://middle-east-online