"ANALYSIS OF IRAQ NEWS" BY CLARE, 1 FEB

 Clare 

 Article:  "Romanowski regarding the US Treasury’s visit to Iraq: enhancing cooperation between the two countries” 

 Quote:   “The United States and Iraq share the goal of supporting a sound and strong financial system in Iraq, which will attract investment and ultimately benefit the Iraqi people. She added: I am pleased with the visit of US Treasury Undersecretary Ryan Nelson to Iraq, stressing that this visit has strengthened this important cooperation."

 Article:  "The Credit Bank of Iraq achieves a profit of 17.5 billion dinars during the year 2023” 

 Quote:  "For the year 2023... its assets rose to 507.7 billion dinars, while it was 406.7 billion dinars in the year 2022, a growth rate of 24.8%...The bank's profits grew by 63.5% during the year 2023 compared to the year 2022, which reached 10.7 billion dinars”

 Clare:  With the closure...the dollar price decreased

1/20/2024

The main stock exchange in the capital, Baghdad, closed today, Saturday, due to the decline in the exchange rate of the dollar against the Iraqi dinar.

Selling prices in money exchange shops in local markets in Baghdad reached 153,250 Iraqi dinars for 100 dollars, while purchasing prices reached 151,250 dinars for 100 dollars.  LINK

https://dinarevaluation.blogspot.com/2024/01/rv-update-by-paulette-27-jan.html

 Article:  "Dollar prices decline in Baghdad and Erbil with the closure"

  WORLD ECONOMIC FORUM ANNUAL MEETING

ACHIEVING SECURITY AND COOPERATION IN A FRACTURED WORLD

A Conversation With Mohammed Shyaa Al Sudani, Prime Minister of Iraq

January 18, 2024 10:30–11:00 CET

A conversation with Mohammed Shyaa Al Sudani, Prime Minister of Iraq
Simultaneous interpretation in English and Arabic>

Centre for Regions, Trade and Geopolitics

The Forum's Centre for Regions, Trade and Geopolitics is helping stakeholders shape progress on global and regional priorities within the most complex geopolitical and geo-economic landscape in decades.

Explore more

Public Speakers

Mohammed Shyaa Al Sudani

Prime Minister of Iraq, Office of the Prime Minister of Iraq

John Harris-  Founding Editor, Politico

https://www.weforum.org/events.....r-of-iraq/

Clare:  International Finance Corporation: We want to expand our business in Iraq as an investment region

1/17/2024  Baghdad

The International Finance Corporation announced, on Wednesday, its desire to expand its work in Iraq as an attractive region for investment.

The Prime Minister’s media office said in a statement, seen by Al-Iqtisad News, that “Al-Sudani met in Davos with a delegation from the International Finance Corporation/IFC, headed by Executive Vice President Mokhtar Diop.”

The statement added, "The meeting witnessed a review of the prospects for cooperation between Iraq and the international institution, a member of the World Bank Group, in light of the Iraqi government moving forward with economic reforms and implementing major strategic and investment projects."

Al-Sudani confirmed, according to the statement, “the government’s readiness to develop the scope of cooperation and partnership with the international institution, especially after the signing of a contract between the Civil Aviation Authority and the international institution to prepare an investment portfolio regarding the Baghdad International Airport development project to be on the same level as international airports, and compatible with international standards in a comprehensive manner.”

For its part, the International Finance Corporation delegation expressed its desire to expand its work in Iraq as an attractive region for investment, as well as to participate in the Strategic Development Road project and the major projects attached to it.   LINK

https://dinarevaluation.blogspot.com/2024/01/analysis-of-iraq-news-by-clare-18-jan.html

Article:  "The House of Representatives discusses the latest requirements for Iraq’s accession to the World Trade Organization"  Quote:  "... Iraq has completed all the requirements for joining the World Trade Organization in 2023, and only legislation remains."

Article:  "Al-Sudani leaves Baghdad for Switzerland to attend the Davos Forum"  Quote:  "On Monday, Iraqi Prime Minister Muhammad Shiaa Al-Sudani left the capital, Baghdad, for Switzerland to participate in the 54th session of the Davos Economic Forum."

 Article:  "With the exception of Iraq...the World Bank announces a rise in food sector inflation in the world"  Quote "...the International Monetary Fund announced a decrease in the inflation rate in Iraq, which is expected to stabilize due to the policy of the Central Bank of Iraq and the impact resulting from raising the exchange rate of the Iraqi dinar..."

"RV UPDATE" BY CLARE, 9 JAN

 Clare 

 Article:   "An Iraqi delegation heads to Washington within days, followed by a visit to Sudan"  Quote:   "Iraqi delegation will head to Washington within days, followed by a visit by Prime Minister Muhammad Shiaa Al-Sudani."

 Article: "Selling an Iraqi currency dating back to the era of “King Ghazi” for 100 thousand pounds sterling"  Quote:  "A very rare Iraqi currency dating back to the royal era was sold in the country, today, Monday, at a fantastic price of 100,000 pounds sterling, or approximately 187 million Iraqi dinars  ."

 Article: "Expectations that the decline in dollar prices will bring benefits to the Iraqi individual "  Quote:  "In order to reduce the price of the dollar in the local market, the Central Bank of Iraq specified, yesterday, Sunday, the entities covered by receiving their external transfers in cash in the dollar currency, starting from January 2, 2024. "

 Article:  "A financial expert points out the reasons for the continuous decline in the dollar exchange rate"   Quote:  "On Monday, financial expert Nabil Al-Ali attributed the continued decline in the exchange rate of the US dollar towards the Iraqi dinar to...the change in the attitudes of merchants and public opinion through their conviction of the strength and status of the dinar...The dollar exchange rates against the Iraqi dinar will continue to decline, thus touching the official rate specified by the Central Bank ."

Article: "The Iraqi Dinar Overthrows The Dollar And Wins The Struggle To Control The Regular Market”  Quote  “The US Treasury continues its cooperation with the Central Bank of Iraq,as many Iraqi banks have now formed relationships with  international banks for the first time.”   

  Article:  " CBI Governor: Int'l welcome to the Iraqi banking sector’s commitment to compliance rules "  Quote:  " For the first time, Iraq is witnessing the reorganization of the external transfer process through correspondent banks, instead of the Central Bank or the Federal Bank being the executive interface for this process.”

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-clare-23-dec_01992421810.html

  Article:  "CBI Governor: Int'l welcome to the Iraqi banking sector’s commitment to compliance rules"  Quote:  "For the first time, Iraq is witnessing the reorganization of the external transfer process through correspondent banks, instead of the Central Bank or the Federal Bank being the executive interface for this process.”

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-clare-23-dec_01992421810.html

Iraqi Dinar Revaluation Update 31 January 2024-Iraqi Dinar News Today-Iq...

The American Ambassador: We share with Iraq the goal of supporting a strong financial system that attracts investment, 1 FEB

The American Ambassador: We share with Iraq the goal of supporting a strong financial system that attracts investment, 1 FEB

https://almutalee.com/news/%D8%A7%D9%84%D8%B3%D9%81%D9%8A%D8%B1%D8%A9-%D8%A7%D9%84%D8%A3%D9%85%D8%B1%D9%8A%D9%83%D9%8A%D8%A9-%D9%86%D8%AA%D8%B4%D8%A7%D8%B1%D9%83-%D9%85%D8%B9-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D8%A8%D8%A7%D9%84%D9%87%D8%AF%D9%81-%D8%A7%D9%84%D9%85%D8%AA%D9%85%D8%AB%D9%84-%D8%A8%D8%AF%D8%B9%D9%85-%D9%86%D8%B8%D8%A7%D9%85-%D9%85%D8%A7%D9%84%D9%8A-%D9%82%D9%88%D9%8A-%D9%8A%D8%AC%D9%84%D8%A8-%D8%A7%D9%84%D8%A5%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1

"RV UPDATE" BY MARKZ, 1 FEB

 MarkZ 

  [via PDK]   

Comment: I hear more and more groups are under NDA’s. 

 MarkZ:  We are hearing of more and more… My banking contacts still feel If we have to sign one - it will be about the amount we get...we are definitely close.

“Burhan Nassir Mohammed Al Namral sworn in as Iraq’s new Parliament speaker ” This one is important. It has been rumored in some circles for a few months that he was a stickler for moving forward with the white papers and rate change. I’m taking this as a good sign.

   ...bank story from Canada... “My brother went to a Canadian Imperial bank of Commerce or CIBC in Saskatoon. Establishing his new bank account...my brother said he had several devalued currencies. Then he asked them if they were aware of the RV we are waiting on. She replied “Yes I am - I can’t say anything else as I am under an NDA from the bank“   So they cannot give details but they are ready.”

🔥Iraqi Dinar🔥Date & Time Released US Bank Green Light For The New Value ...

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.