Iraq confirms World Bank’s intention to promote fiscal policy reforms, 19 FEB

 Iraq confirms World Bank’s intention to promote fiscal policy reforms

Finance Minister Taif Sami Mohammed received today, Monday, Winston Cole, Director of the Financial Management Project at the World Bank and members of the accompanying delegation.
“During the meeting, the aspects of relations between Iraq and the World Bank were reviewed, especially in light of the existing cooperation program to complete the implementation of economic reforms adopted by the Iraqi government,” the ministry’s media office said in a statement reported to Mawazine News.

He added that Taif expressed “appreciation for the fruitful partnership between the two sides, stressing the Iraqi government’s keenness to continue it, and the positive climate it provides to all investors and global financial markets on the Iraqi economy, stressing at the same time the determination of the Iraqi government to continue to promote structural reforms related to financial and monetary policies and maximize the role of the private sector in development.”

Cole pointed out that “the World Bank looks forward to continuing distinguished relations of cooperation with Iraq and its support for economic reforms in it, praising the performance of the Iraqi economy and the flexibility and resilience it has shown in the face of negative repercussions caused by global economic fluctuations, stressing the bank’s continuation in strengthening joint work with the Iraqi government to improve the overall indicators of the economy, deepen the participation of the private sector and complete the ongoing development work.”

https://www.mawazin.net/Details.aspx?jimare=242368

"RV UPDATE" BY WALKINGSTICK, 20 FEB

 Walkingstick 

 The CBI was given new DeLaRue machines to use by the United States Treasury.  Why?  Because the old DeLaRue machines cannot read the new security features on the new lower notes.

  The Government of Iraq is soon to receive the funding for everything that is waiting for a new international exchange rate, for everything the world is waiting for, for what you're waiting for, for what the Iraqi citizens are desperately in need of.

"IRAQI BANK FRIEND UPDATE" BY WALKINGSTICK, 7 FEB

 Walkingstick

  [Iraqi Bank Friend Aki update]

  Aki [and his boss Number One] went to the meeting on Thursday with everybody else that represents banks in Iraq.  The one question we had for them, 'Gentlemen, we've been seeing some articles that are suggesting maybe we're looking at about two more months away...'    [they answered]  'NO! Who told you that!'

 All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done.  All the things that Aki [Iraqi bank friend] had to do in order to qualify to exchange the 3-zero notes into American dollars is done.  International platforms that were needed in order to do electronic transfers is done...

[Iraqi Bank Friend Aki update] 

This is the monetary reform roadmap for the next couple of weeks...January 29th a banking campaign was started to release deeper education about the monetary reform to the Iraqi citizens

...Either Thursday or Friday the Minister of Planning, Minister of Finance, the Governor of the Central Bank of Iraq and the Prime Minister Sudani are all going to be receiving the flow down of information regarding the new currency that is to be released and the new exchange rate for that new currency...Also...the Erbil Stock Exchange (ESX) and The Iraqi Stock Exchange (ISX) have completed their linkup...of international platforms.  They are done and going live at any moment.   

https://dinarevaluation.blogspot.com/2024/02/rv-update-by-walkingstick-2-feb.html

All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done.  All the things that Aki [Iraqi bank friend] had to do in order to qualify to exchange the 3-zero notes into American dollars is done.  International platforms that were needed in order to do electronic transfers is done...

[Iraqi Bank Friend Aki update] 

This is the monetary reform roadmap for the next couple of weeks...January 29th a banking campaign was started to release deeper education about the monetary reform to the Iraqi citizens

...Either Thursday or Friday the Minister of Planning, Minister of Finance, the Governor of the Central Bank of Iraq and the Prime Minister Sudani are all going to be receiving the flow down of information regarding the new currency that is to be released and the new exchange rate for that new currency...Also...the Erbil Stock Exchange (ESX) and The Iraqi Stock Exchange (ISX) have completed their linkup...of international platforms.  They are done and going live at any moment.  

https://dinarevaluation.blogspot.com/2024/02/rv-update-by-walkingstick-2-feb.html

High RV/RI Alert!💣PM Sudani Invited to Washington🤔Iraq Dinar RV Updates ...

World Bank Finance Minister: Government determined to reform Iraqi monetary policies, 20 FEB

 World Bank Finance Minister: Government determined to reform Iraqi monetary policies

Baghdad – 964

Finance Minister Taif Sami said on Monday that the government is determined to structural reforms related to fiscal and monetary policies and maximizing the role of the private sector in development, during a meeting with the Director of the World Bank’s Financial Management Project Winston Cole and members of his accompanying delegation.

The ministry said in a statement, the network received 964 copies of which:

The six Finance Minister, Taif Sami Mohammed, received on Monday, Winston Cole, Director of the World Bank’s Financial Management Project and members of his accompanying delegation.

During the meeting, they reviewed aspects of relations between Iraq and the World Bank, especially in light of the existing cooperation program to complete the implementation of economic reforms adopted by the Iraqi government.

In this regard, the Minister of Finance expressed appreciation for the fruitful partnership between the two sides, stressing the keenness of the Iraqi government to continue it, and the positive climate it provides to all investors and global financial markets on the Iraqi economy, stressing at the same time the determination of the Iraqi government to continue to strengthen structural reforms related to financial and monetary policies and maximize the role of the private sector in development.

For his part, Kole stressed the aspiration of the World Bank to continue distinguished relations of cooperation with Iraq and its support for economic reforms, praising the performance of the Iraqi economy and the flexibility and steadfastness it has shown in the face of negative repercussions caused by global economic fluctuations, stressing the bank’s continuation in strengthening joint work with the Iraqi government to improve the overall indicators of the economy, deepen the participation of the private sector and complete the ongoing development work.

https://964media.com/315486/

"RV UPDATE" BY MARKZ, 20 FEB

 MarkZ  

 [via PDK]  I know we are all tired of hearing of all this progress and we still cannot go to the bank. Imagine how frustrated the Iraqi citizens feel? But we are watching steady progress towards Iraq’s reinstatement and/or revaluation. I still think its going to be revaluation…but a reinstatement would be easier for them.

 Iraq has got a lead position in a number of committees etc…in the WTO. And there are meetings scheduled throughout the year. They have to be full members to do these so to me it is very clear we are about to see Iraqs ascension into the WTO in the very near future...Nearly every economist out there is calling for a new rate before that occurs...

 Comment:  we're hearing we must have receipts on the currency.  MarkZ:  I was told since it has gone on for so long….they are not needing receipts to exchange unless you have an enormous amount of currency.  If you have large, obscene amounts like $100 million in dinar or something like that…it would be best if you have receipts….

FRANK26….2-19-24…..DETERMINED !!!

Iraq submits a request to host the Arab summit in 2025, 19 FEB

Iraq submits a request to host the Arab summit in 2025

Shafaq News / The Iraqi government announced, on Monday, a request to host the Arab summit in 2025, while it envisaged a comprehensive rehabilitation of some presidential complexes, which include a number of major guest houses, which were previously occupied by some ministers and deputies, which made them need to carry out a maintenance process.

The spokesman for the Iraqi government, Bassem Al-Awadi, said in a statement to Shafaq News: “Given the restoration of Iraq’s deserved role regionally and globally, and in line with the government’s tendency to strengthen its position and convey the positive truth about him, which began to take root instead of that distorted, due to the difficult circumstances that our ancient country was able to overcome with vigor and the sacrifices of its children, Iraq submitted an application to host the 2025 Arab Summit in the capital, Baghdad, and the government seeks to complete the elements of this hosting in accordance with the guests of the leaders of Arab countries in accordance with diplomatic norms and in line with the status and reputation of the host country, so the government began to prepare and provide the necessary requirements for this.”

He added that “the isolation suffered by Iraq during the dictatorship, and our war against terrorism throughout the past era did not give the opportunity to rehabilitate the basic infrastructure of the state to allow hosting important and large regional and global events, which missed many opportunities in which Iraq could have played an active and influential role in the international arena.”

The government spokesman explained that “in the face of the above and in order to prepare for the Arab Summit in Baghdad in 2025 and other international events related to Iraq, which were previously held in neighboring or regional countries for the above reasons (to end this abnormal situation), the need has become urgent to prepare the necessary infrastructure, including the rehabilitation of the government hospitality headquarters that are significantly and clearly visible.”

He pointed out that “After the circulation of a document on social media platforms indicating the rehabilitation of a number of (the role), it was necessary to note that the government has decided to comprehensive rehabilitation of some presidential complexes, which include a number of major guest houses, which were previously occupied by some ministers and deputies, which made them need to conduct a comprehensive maintenance and rehabilitation process. The Ministry of Construction and Housing has prepared the required statements and according to its price and technical determinants, and presented them to the Council of Ministers for approval and obtained approval by the decision of the Council on 2024/2/7.”

“We hope to be precise in the transmission of information and to miss the opportunity on those who seek to falsify the facts and harm the reputation of our dear country,” he concluded in his statement.

https://www.shafaq.com/ar/سیاسة/العراق-يقدم-طلبا-لاستضافة-القمة-العربية-في-2025