Minister Of Commerce: International Welcome And Desire To Increase Investments In Iraq, 17 FEB

 Minister Of Commerce: International Welcome And Desire To Increase Investments In Iraq

Economy    02-15-2024, Cairo - INA - Rasha Muhammad, Minister of Trade, Atheer Al-Ghurairi, revealed today, Thursday, a wide welcome and international desire to increase investments inside Iraq, while confirming the holding of meetings with 3 countries in this regard.

Al-Ghurairi said during his participation in the 113th session of the Economic and Social Council, which was held at the Arab League, in a speech followed by the Iraqi News Agency (INA):

“Iraq today seeks, within the government program of Prime Minister Muhammad Shia al-Sudani,

     to improve the investment environment and seeks

     to receive private sector companies with the aim of improving reality.” "The economic situation in Iraq and the

     announcement of the availability of great investment opportunities."  He added,

"There are many important projects in Iraq, including the development road and the railway line between Holy Karbala and Najaf Al-Ashraf," noting "the necessity of encouraging investments from the private sector inside Iraq."  He added,

"Iraq seeks to increase investment projects with Arab countries," noting,

"There are major initiatives by Arab countries, and there was a

     great welcome from them to increase investments in Iraq and

     implement many economic agreements and conferences, and

     there are many protocols implemented with countries."

The UAE, Qatar, and Egypt formed committees that included delegations from businessmen and the private sector inside Iraq, and  we noticed a tangible change in the      management of the economic file and the     general economic policy of the Iraqi state.” 

He pointed out,  "The meeting came out with many decisions that were approved, including      enhancing intra-trade,     liberalizing trade in goods, and     welcoming Iraq's accession to the World Trade Organization."  He stressed, "This is what Iraq aspires to, as its steps have begun to convey their messages to all countries, and the

Iraqi economy will witness a significant recovery during the coming period in order to achieve common interests and achieve mutual benefit between Iraq and the Arab countries."  He pointed out that  

"there are rapid initiatives in infrastructure investment with the Egyptian, Qatari and Emirati sides through many agreements concluded during the previous period." https://www.ina.iq/203200--.html

"OPINIONS OF THE IRAQI DINAR GURUS" BY HERNAN ROBERT BRAVO, ( ENGLISH & SPANISH),17 FEB

Friday February 16, 2024

Opinions of the IRAQI dinar guru

Militian Men: Says

— IRAQ is a country bordering Kuwait. Iraq is considerably larger than Kuwait...They have massive amounts of oil...liquid natural gas...gold...some of the largest mineral deposits in the world that Kuwait does not have. You have to wonder why they brought this up? – Quote from the article: “The Kuwaiti dinar took the throne of the world's currencies by 2024, while the US dollar took the last place in the list of the 10 strongest world currencies... the dinar of the Gulf State It is divided into 1,000 smaller units known as fils.”

 — IRAQ has no fils. They're going to be talking about fils because why? Because... Al-Sudani has declared that the dinar is stronger than the dollar. They're going to need to be able to make changes... When they mention this with the Iraq situation, I think they're doing it in a way that suggests that the region can support Iraq having a strong currency and stronger than the dollar...

 Mark Zee: Says

— Comment: I heard they will move forward in 10 days.

— MarkZ: They told me their goal is for the 20th... but I could live with 10 days... by the end of February... My gut screams that we'll see this in the month of February based on the number of requests to keep us dumbed down. and the bank anticipation... And several sources say that we could have it now by the 20th... I think everything is done and we are just waiting for it to be published... My contacts in Iraq tell me this... as well as the bankers. and government contacts. …Things shout to us that we are close.

Pimpy: He says

— Ask “Be direct… Keep it simple. If someone owns a million dinars, what is the most he can get from this amount in the next few years? I've been frank about this... It depends on how long you hold onto it. Let's say it starts to increase in increments as I think it will, you have to look at your million dinars and think: 'Am I going to be happy with the current exchange rate?' It really depends on when you hit a pace you like. As long as they can stay out of the conflict, continue to move forward as they have done with reforms, return to the World Trade Organization and reappear on Forex, these things are very important to give value to the Iraqi dinar.

 Militia Men: Says

— IRAQ has done what it had to do to comply with Article VIII. Dollar auctions are going to stop. They will have freedom of capital movement... That will create confidence in investors. And that investor confidence will come from the investment law, from the freedom of capital movement.

  Frank26: He says

— I don't plan to go to a bank. You can imagine? …I have 10 million dinars here…Personally I do not plan to go to a bank to exchange my currency. I'll have a team... I'm going to ask my lawyer to contact the bank and say, 'I represent Mr. [Frank26] and Mrs. [Frank26] and they want to make an appointment for you to come to their house. house and collect a large amount of foreign currency... My lawyer will already know exactly what the bank is going to offer me... The less contact I have with the bank, the better... If you have a small amount then you will probably go to the Bank…

Greetings

Hernán Robert Hbravo

TRANSLATE IN SPANISH: 

 Viernes 16 Febrero 2024

Opiniones del gurú del dinar IRAQUÍ

Militian Men : Dice

— IRAK es un país fronterizo con Kuwait. Irak es considerablemente más grande que Kuwait... Tienen cantidades masivas de petróleo... gas natural líquido... oro... algunos de los depósitos minerales más grandes del mundo que Kuwait no tiene. Hay que preguntarse ¿por qué sacaron esto a relucir? – Cita del artículo: “El dinar kuwaití ocupó el trono de las monedas del mundo para el año 2024, mientras que el dólar estadounidense ocupó el último lugar en la lista de las 10 monedas mundiales más fuertes... el dinar del Estado del Golfo se divide en 1.000 unidades más pequeñas conocido como fils.”

— IRAK no tiene fils. Van a estar hablando de fils porque ¿por qué? Porque... Al-Sudani ha declarado que el dinar es más fuerte que el dólar. Van a necesitar ser capaces de hacer cambios... Cuando mencionan esto con la situación de Irak, creo que lo están haciendo de una manera que sugiere que la región puede apoyar que Irak tenga una moneda fuerte y más fuerte que el dólar...

Mark Zee : Dice

— Comentario: Escuché que avanzarán dentro de 10 días.

— MarkZ: Me dijeron que su objetivo es para el día 20... pero podría vivir con 10 días... para finales de febrero... Mi instinto grita que veremos esto en el mes de febrero según la cantidad de solicitudes para mantenernos callados. y la anticipación bancaria... Y varias fuentes dicen que podríamos tenerlo ahora para el día 20... Creo que todo está hecho y solo estamos esperando a que lo publiquen... Mis contactos en Irak me dicen esto... así como los banqueros. y contactos gubernamentales. …Las cosas nos gritan que estamos cerca.

Pimpy : Dice

— Pregunta “Sé directo… Hazlo simple. Si alguien posee un millón de dinares, ¿qué es lo máximo que puede obtener de esta cantidad en los próximos años? He sido franco sobre esto... Depende de cuánto tiempo lo sostengas. Digamos que comienza a aumentar en incrementos como creo que va a suceder, tienes que mirar tu millón de dinares y pensar: '¿Voy a estar contento con el tipo de cambio actual?' Realmente depende de cuándo llega a un ritmo que te gusta. Mientras puedan mantenerse al margen del conflicto, seguir avanzando como lo han hecho con las reformas, regresar a la Organización Mundial del Comercio y volver a aparecer en Forex, estas cosas son muy importantes para darle valor al dinar iraquí.

Militia Men : Dice

— IRAK ha hecho lo que tenía que hacer para cumplir con el Artículo VIII. Van a parar las subastas de dólares. Van a tener libertad de movimiento de capital... Eso va a crear confianza en los inversores. Y esa confianza de los inversores va a venir de la ley de inversiones, de la libertad de movimiento de capitales.

Frank26 : Dice

— No planeo ir a un banco. ¿Puedes imaginar? …Tengo aquí 10 millones de dinares…Personalmente no planeo ir a un banco para cambiar mi moneda. Tendré un equipo... Voy a pedirle a mi abogado que se comunique con el banco y le diga: 'Represento al Sr. [Frank26] y a la Sra. [Frank26] y quieren concertar una cita para que usted venga a su casa. casa y cobrar una gran cantidad de moneda extranjera... Mi abogado ya sabrá exactamente lo que el banco me va a ofrecer... Cuanto menos contacto tenga con el banco, mejor... Si tienes una cantidad pequeña entonces probablemente irás a el Banco…

Saludos

Hernán Robert Hbravo

(2/17) Dinar RI: "MARCH" Critical / Urgent News

Al-Sudani: Iraq imports goods worth 70 billion dollars annually , 17 FEB

 Al-Sudani: Iraq imports goods worth 70 billion dollars annually

Economy     Iraq     Holland    Import     Muhammad Shiaa Al-Sudani  2024-02-15 09:31  Shafaq News/ Prime Minister Muhammad Shiaa Al-Sudani said on Thursday that Iraq annually imports $70 billion in goods, indicating that the government’s priorities are reforming the economy and not continuing to rely on oil revenues.

This came during a speech by Al-Sudani, which he delivered at a dialogue seminar held in the Dutch city of Rotterdam, attended by a number of businessmen and representatives of 40 companies, according to a statement received by Shafaq News Agency. Al-Sudani stated,

"Iraq is going through a state of recovery today, at various levels, after passing the stage of the war against ISIS, in which the Iraqi people won, with the support and backing of the international community, and the Netherlands was among the countries supporting these efforts." He added:

"We asked the international coalition to end its mission in Iraq, which lasted 10 years, in light of the readiness and efficiency of the Iraqi security services."  

Regarding the economic file, Al-Sudani stressed, “The government has priorities, including reforming the Iraqi economy, through two tracks.

     The first is achieving reforms in the various economic, banking and financial sectors, and gas investment, and   the other is implementing projects that provide job opportunities and meet our needs for services and goods.”

Regarding the water issue, the Prime Minister pointed out the start of a program to use water optimally, in light of the conditions of scarcity that the region and the world suffer from,” adding:

“We supported farmers and farmers in acquiring modern irrigation systems, and we are trying to invest in the successful experiences in the Netherlands to confront water scarcity in Iraq.”.  

Regarding investment projects, Al-Sudani said, “The Iraq Fund for Development will engage with the private sector in implementing projects away from the government, whose role will be planning and organizing,” stressing that

“the government provides sovereign guarantees to the private sector of up to 85% for any project being implemented.” This is an unprecedented percentage.”  He continued:

"We have embarked on a radical reform of the financial and banking sector, and procedures related to compliance with international standards in financial transfers," noting that

"international and Arab banks have begun to open their branches in Iraq, and

there is will and work, at all levels of Iraqi state institutions, in order to move to reality." better".

https://shafaq.com/ar/اقتصـاد/السوداني-العراق-يستورد-سلعا-بـ70-مليار-دولار-سنويا

"FOR ALL HOLDERS OF FOREIGN CURRENCIES" BY GIRLBYE, 17 FEB

GirlBye

Yesterday at 7:50 pm

It is a waste of my time and intelligence to maliciously bash people and/or their opinions. However, I am going to voice this fact one time only in this particular forum.

For all holders of foreign currency, be it ZIM, Dong, Dinar, etc. There are licensed and bonded agencies where you can exchange your currency. i.e. banks such as HSBC, Chase, Wells Fargo. There are also Exchange Centers i.e. Bretton Woods, Currency Exchange International, etc. You do not require a special 800 number. What you do require is common sense i.e. pick up the phone and make an appointment with your bank, if you plan to exchange a large amount of currency and/or you don’t want to wait in line.

If you know of an actual licensed and bonded Redemption Center (not a bank or currency exchange) please feel free to post it here in response. I would be interested in calling them.

https://dinarchronicles.com/2024/02/16/girlbye-for-all-holders-of-foreign-currency/

Jon Dowling Latest Updates & What Is Coming Next

Currency speculators make confessions via INA , 17 FEB

  Currency speculators make confessions via INA 

The Directorate of Combating Organized Crime of the Federal Intelligence and Investigation Agency at the Ministry of Interior detained individuals who were involved in dollar speculating, bank card smuggling, and gambling. The confessions of these individuals are published by the Iraqi News Agency (INA).

Dollar-speculating

During his confession of engaging in dollar price speculation, one of the accused stated, "What we are doing is withdrawing the dollar from the market, and when its prices rise, it is resold again." 

"Some offices of currency exchange businesses or Qi companies operate in buying and selling dollars and making transfers without official permission," he said.

Trafficking in bank cards

"We load the card in Iraq at the official exchange rate, then withdraw money in the UAE through an ATM, and then transfer it to Iraq at the parallel market price," stated a second person charged with bank card trafficking.  

He declared: "I obtained 34 cards through illicit means. I obtained citizens' documents by using them to issue cards while posing as a seller of electrical devices that I planned to sell in installments.

Gambling through (Forex) 

Although "the Forex site is speculating in global currencies, whether the dollar against the euro or the euro against the yen and enters the gambling field," another accused who engaged in gambling on the website acknowledged this. 

"The Central Bank and the Iraq Securities Commission have not granted a license to the company we work for," he said, adding that "the mechanism of work in Forex includes the introduction of citizen courses through targeting them on Instagram or Facebook, where the citizen enters a course in this work and we educate him in this field." 

"Not to be drawn into these things because they are illegal," he urged the people.

In an interview with the Iraqi News Agency (INA), Colonel Ahmed Mohammed, the Director of media for the Federal Intelligence and Investigation Agency, reaffirmed that the arrests of those responsible for these acts are being carried out in compliance with the law under Article No. (2) of the Anti-Money Laundering and Terrorism Financing Law No. (39) of 2015.  link