Chambers of Commerce: Government support attracted many countries to establish economic relations with Iraq, 1 feb

  Chambers of Commerce: Government support attracted many countries to establish economic relations with Iraq

The Federation of Chambers of Commerce announced today, Wednesday, that the private sector witnessed a significant recovery in 2023, stressing that government support for the sector worked to attract countries to establish strong economic relations with Iraq.

The head of the Federation of Iraqi Chambers of Commerce, Abdul Razzaq Al-Zuhairi, told the Iraqi News Agency (INA): “The private sector in Iraq witnessed a significant recovery during the year 2023, due to government support, in addition to the financial and monetary recovery in all Iraqi banks.”

He stressed, "The great government support for the private sector has had a positive impact on the influx of many countries to Iraq, to establish strong economic relations." 

He pointed out, "The BRICS economic phenomenon has become a reality in changing the economic world in the world, as the dollar and the euro are no longer the main currencies in financial dealings   link

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 1 FEB

  Frank26 

 [Iraq boots-on-the-ground report]  

FIREFLY:  Alaq is in the news and he's talking about the monetary reform mechanism that the CBI used to control the rate.  The project to delete the 3-zeros still exists.  He's saying the parallel market will come to an end soon.  

FRANK: Oh my goodness! This is what we want to hear.  This is who we want to hear it from.  This is perfect.

 FIREFLY:  Sudani says Iraq is on the verge of transformation process. 

 FRANK:  Transforming from a program rate to a sovereign national rate...Everyday Sudani is pointing in the direction of your new exchange rate or your new national currency.  Everyday he tells you there's a transaction, yeah from a program rate to an international rate. 

CBI on TV: Monetary Reform💣Delete Zeros Project!🤔Iraq Dinar RV Updates |...

"ONE OF THE REASONS WHY THE REVALUATION CONTINUES TO BE DELAYED" BY MNT GOAT, 1 FEB

 ONE OF THE REASONS WHY THE REVALUATION CONTINUES TO BE DELAYED

THE CENTRAL BANK EXPECTS DOLLAR PRICES TO DECLINE IN THE MIDDLE OF THIS YEAR

Former official in the Central Bank of Iraq, Faleh Daoud, said that the exchange rate of the US dollar will fall to less than 1,500 Iraqi dinars by next June.

(What? First they told us it would fall by December, then by the new year and now June? It is obvious the CBI can not control the rate of the parallel market unless it took drastic measures and we know what those measures are. So why are they afraid to do it? Are they being blackmailed by the corrupt?)

Faleh Daoud said in a statement followed by Mawazine News, “The dinar’s exchange rate depends on the market and demand, because the currency market plays a role in its price, not the central bank,” noting that “the recent actions of the US Treasury Department and the Federal Reserve regarding transferring the dollar to Iraq caused… In the decline in the value of the currency, which is the reason for the instability of the dinar against the dollar.”

He explained, “Relying on the electronic platform had a positive side effect on the exchange rate against the dollar and created quasi-stability in the dinar’s exchange rate, and it may rise slightly by next June.”

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

"ANALYSIS OF IRAQ NEWS" PARLIAMENTARY OIL: KURDISH OBSTACLES PREVENT THE RESOLUTION OF THE “OIL AND GAS” LAW" BY MNT GOAT, 1 FEB

PARLIAMENTARY OIL: KURDISH OBSTACLES PREVENT THE RESOLUTION OF THE “OIL AND GAS” LAW

Kazem Al-Touki, a member of the Parliamentary Oil and Gas Committee, confirmed on Monday that the Kurds have placed obstacles to resolving and ending the oil and gas law and handing it over to Parliament for reading and voting on it.

Al-Touki told Al-Maalouma, “Members of the Oil and Gas Committee communicated and moved towards the political parties and heads of blocs in order to end the problems of the Oil and Gas Law and ensure its passage in Parliament.”

He added, “Prime Minister Muhammad Shiaa Al-Sudani continues to move to end the aforementioned law, and to reach a consensus formula agreed upon by everyone in order to resolve the law and vote on it, especially since the government program focused on this file.”

He stated that “the Kurds do not have the seriousness to resolve the oil and gas law, and obstacles have been placed in front of this law, which now needs political consensus before it is sent to the House of Representatives for the purpose of reading and voting on it.”

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

"ANALYSIS OF IRAQ NEWS" RUSSIA: BAGHDAD INFORMED US OF WASHINGTON’S READINESS TO WITHDRAW ITS FORCES FROM IRAQ" BY MNT GOAT, 1 FEB

RUSSIA: BAGHDAD INFORMED US OF WASHINGTON’S READINESS TO WITHDRAW ITS FORCES FROM IRAQ

The special envoy of the Russian President for the Syrian settlement, Alexander Lavrentiev, said that Iraq informed the Russian side of the United States’ readiness to withdraw its forces from Iraq.

In an interview with Novosti, Lavrentiev said  that the question now is how long this will take and how the process of withdrawing American military personnel will take place.

(Oh…I sure hope we get the reinstatement prior to this happening.)

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

"RV UPDATE" BY MNT GOAT, 1 FEB

 

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