The U.S. dollar is going down in value this week, which means your currency [Iraqi dinar] is going to go up in value. The only way for that to happen is with a new exchange rate and the lower notes to match it. IMO you're going to see the dollar go up before it is finally removed and irradiated one last time...
If you take one of the new [lower] Iraqi dinar notes and you hold it up to the light you'll be able to see the safety features. The American dollar has about a dozen markers, the [new lower] Iraqi dinar has over 20 markers. The state of the art technology of security for toilet paper value? No, that alone is an important aspect for you to understand...
When this blessing occurs, where do you go? Do you go to a bank? Do you go to an American Bank?
Should you go to Iraq and use an Iraqi bank? Can I use the kiosk at an airport?
Can I use a credit union? You want to use a large bank. You want to use a bank that would help you with your wealth and management.
Don't go to a mom and pop place...We have a bank of interest - [Chase Bank]. Many of you thought it was going to be Wells Fargo. It's highly possible Wells Fargo will still play a part...We should consider Chase. We should consider a big state bank...
The high quality sample sheets [of new lower note dinar samples] are for the employees but eventually when the CBI is ready then they will invite the Iraqi citizens to come to the banks through their apps on their phones...flyers...billboards...television...commercials to come in. 'We would like to introduce you to the new lower notes that we would like to be giving you.' They'll project these new 1, 5, 10, 20, 50, 100 on the Channel One Iraqi Financial News.
The process for you to exchange your currency...when you decide it's time...you're going to go to Chase.
You can go to other banks, nothing wrong with that...but I would suggest you go to Chase...What is the Chief Executive Officer of Chase doing in Iraq right now? Opening 10 Chase banks...I don't believe in coincidence...I encourage you to consider Chase because they're going to be able to connect you with IMO one of the most powerful ways to diversify your money. Yeah, JP Morgan.
An economist warns of the Washington scenario.. What is the Federal Reserve’s relationship?
Information/Private.. Economist Nasser Al-Kinani warned today, Thursday, of a plan to seize Iraqi oil money from the US Federal Bank, while revealing details of a conspiracy against the Iraqi economy.
Al-Kanani said in an interview with the Maalouma Agency, “The sanctions imposed on Iraqi banks contributed to a liquidity crisis for the dollar in the local markets,” noting that “there are fears of stopping the export of money from selling oil to the country.”
He continued, “The Federal Reserve’s sanctions on Iraqi banks are intended to benefit the rest of the Arab banks that partner with Washington,” pointing out that “the dominance of the United States of America over the Iraqi economy still continues until now.”
Al-Kanani added, “The United States of America has issued sanctions against 26 banks so far,” considering that “the process of stopping these banks is unjustified and there are no reasons to take measures against them.”
He stated, “There is a conspiracy against the economy through the Arab banks that were opened in the previous period being linked to the US Treasury and not the Central Bank.”
A member of the House of Representatives, Thaer al-Jubouri, had accused, in an interview with the Maalouma Agency, “the United States of America of dominating Iraq’s funds through the Federal World Bank,” while he stressed that Washington is creating pretexts in order to control many files.
ARAB PERSPECTIVES ON WTO ACCESSIONS AND THE MULTILATERAL TRADING SYSTEM
Abu Dhabi National Exhibition Centre, Hall 10, Room B - In-Person
23 FEB 2024 24 FEB 2024
The 12th China Round Table (CRT-12) will take place on 24-25 February 2024 in Abu Dhabi, United Arab Emirates (UAE), on the margins of the 13th WTO Ministerial Conference (MC13). This is the first Round Table organized in the Arab region. The focus of this Round Table will be Arab Perspectives on WTO Accessions and the Multilateral Trading System.
The Arab region is one of the most under-represented in the WTO. Of the 22 members of the Arab League, only 13 are WTO Members and nine are observers of different types. Out of the 13 Members, the Hashemite Kingdom of Jordan, the Sultanate of Oman, the Kingdom of Saudi Arabia and Yemen joined the WTO through the accession process pursuant to Article XII of the Agreement Establishing the WTO (the Marrakesh Agreement) between 2000 and 2014.
Today, Algeria, Comoros, Iraq, Lebanese Republic, Libya, Somalia, Sudan and the Syrian Arab Republic are in the process of Article XII accession , while Palestine has had an ad hoc observer status in the WTO Ministerial Conferences since 2005
The eight Arab acceding governments have been pursuing accession, on average, for approximately 20 years, with some of the accession processes being inactive for a long time. Together with Timor‑Leste, Comoros is a candidate to join the WTO at MC13.
WTO Director-General Ngozi Okonjo-Iweala highlighted during the 2nd High-Level Regional Dialogue on WTO Accessions for the Arab Region: "With several Arab acceding governments expected to step up engagement at the WTO this year, especially in the case of Comoros, we should step up our joint efforts to support them.
One potentially useful point of action could be to put together a study detailing the accession and post-accession experiences of Article XII members from the region.
This could serve as a guide for Arab countries working to revive their accession negotiations and would yield insights for how best the international community could support Arab accessions or Arab countries' participation in the WTO more generally." Commenting on the Trade for Peace programme, the Director-General noted that "The Trade for Peace agenda has brought to light how reforms associated with the WTO accession process can help Arab countries build resilience and foster prosperity, peace and stability."
OPENING
Opening Ceremony 09:30-10:00
Abu Dhabi
Moderator
Ms. Maika Oshikawa
Director, Accessions Division, World Trade Organization
Opening remarks
H.E. Mr. Juma Al Kait
Assistant Undersecretary for International Trade Affairs, Ministry of Economy, United Arab Emirates
Opening remarks
H.E. Ambassador LI Chenggang
Permanent Representative, Permanent Mission of the People's Republic of China to the World Trade Organization
Opening remarks
Mr. ZHANG Xiangchen
Deputy Director-General, World Trade Organization
SESSION 1: Best Practices in WTO Accessions for Arab Region: Lessons from Past and On-going accessions in the region 10:30-12:30
Abu Dhabi
"Best Practices in WTO Accessions for Arab Countries: Lessons from Past and On-going Accessions" is a joint study with the collaboration of four partner organizations (WTO, the Arab Monetary Fund, the Islamic Development Bank and the Islamic Center for Development of Trade). The study aims at providing factual accounts of past and on-going Arab accessions, as well as the post-accession performance of Article XII Arab Members, including their participation in the WTO. This session will present the main findings and r
ecommendations of the Joint Arab Study for WTO Accessions. This will be followed by an open discussion among participants.
Prime Minister Muhammad Shiaa Al-Sudani stressed the importance of moving to a bilateral relationship with Washington governed by the Strategic Framework Agreement, stressing the importance of the partnership between Iraq and the United States. The office of Prime Minister Muhammad Shia Al-Sudani said, received by Mawazine News, that “he received a member of the Foreign Relations Committee in the US Congress, Senator Christopher Coons. Al-
Sudani explained” the importance of the partnership between Iraq and the United States, stressing the transition to a bilateral relationship governed by the strategic framework agreement between the two countries, after… Completing the tasks of the international coalition, according to a specific timetable.
He stressed “the necessity of stopping the war in Gaza and ending the genocidal war committed by the occupation forces, especially with the advent of the holy month of Ramadan.”
For his part, Senator Coons confirmed that his tour in the region and his meeting with the Prime Minister came at the request of President Joe Biden, noting that The depth of the partnership between the United States of America and Iraq, and the necessity of expanding it to include economic, cultural, and health aspects, in addition to the security aspects that take place in accordance with the meetings of the Supreme Military Committee. He also stressed the necessity of achieving stability and peace in the Middle East and a ceasefire in Gaza and the Palestinian territories.
Member: Do we need the stock market to collapse to get the RV?
MZ: No, The RV is not dependent on the collapse of the stock market. But, many of us believe the collapse of the stock market will force the RV.
MZ: One of the articles I like the most from Iraq: “ITC hosts Iraq National trade forum” With support from Iraq’s national Trade center and the government , and a joint agency of the UN and the World Trade Organization. The entire goal of this is to foster International trade, and import and export opportunities in business on the international stage.
MZ: “Iraq sees significant increase in port traffic” Millions of dollars were made and exceeding 74.9 Billion in Iraqi dinar just in January.This is a massive boost ot Iraqi trade.