Monday, February 26, 2024
"ANALYSIS OF IRAQ NEWS" BY CLARE, 27 FEB
Clare
Article quote: "the prevailing proposal is to replace every thousand dinars of the current currency with one dinar of the new currency...
The deleting zeros can achieve many benefits, the most important of which is getting rid of high inflation pressures on the economy and restoring confidence in the national currency and the monetary system as a whole, facilitating accounting processes and cash exchange between citizens, and reducing the cost of managing and maintaining the monetary block by reducing its volume under circulation"
Article: "Biden's envoy arrives in Baghdad and meets Al-Sudani"
Article: " Al-Sudani is making an upcoming visit to Washington"
Quote "The two sides discussed the files that will be raised during the Prime Minister’s upcoming visit to Washington, and the cooperation mechanism within the strategic framework agreement between Iraq and the United States, and the committees formed in this regard,”
Article: "Al-Sudani is making an upcoming visit to Washington" Quote "The two sides discussed the files that will be raised during the Prime Minister’s upcoming visit to Washington, and the cooperation mechanism within the strategic framework agreement between Iraq and the United States, and the committees formed in this regard,”
"ANALYSIS OF IRAQ NEWS"Al-Sudani’s Office: The Iraqi speech in Munich was frank about issues of sovereignty, security, and economic partnerships
2/17/2024
Director of the Media Office of the Prime Minister, Rabie Nader, confirmed today, Saturday, that the Iraqi speech in Munich was frank on issues of sovereignty, security, and serious economic partnerships.
Nader said, in a tweet on the {X} platform, that: “More than 22 meetings were held by the Prime Minister in Munich in just two days, and the Iraqi speech was frank on issues of sovereignty, security, and serious economic partnerships.”
He added, “There was great international understanding of Iraq’s desire to move the relationship with the international coalition countries from security to strategic partnerships in various fields, and the messages were clear that Iraq’s security is necessary for the security of the region and a stable Iraq is in everyone’s interest.”
Nard continued, “Iraq is a meeting point and refuses to be an arena for settling scores, and the international community must move quickly to stop the war on Gaza.” LINK
Clare: Al-Sudani discusses with members of the US Congress the end of the international coalition’s mission and the transition to bilateral relations
2/17/2024
Prime Minister Muhammad Shiaa Al-Sudani discussed, with members of the US Congress, today, Saturday, the end of the international coalition’s mission in Iraq.
Al-Sudani’s media office stated in a statement received by {Al-Furat News} that “Prime Minister Muhammad Shia’ al-Sudani received four members of the US Congress, namely: Mike Turner, McKeirl, Joe Wilson, and Gerry Connolly, on the sidelines of his Excellency’s participation in the 2024 Munich Security Conference.” .
The statement added, “During the meeting, bilateral relations between Iraq and the United States were discussed, and ways to enhance constructive cooperation, as well as a number of files and issues of common interest were reviewed.
The meeting also touched on the ongoing dialogue regarding ending the mission of the international coalition in Iraq, after the arrival of the security forces.” Iraq has reached an advanced stage of readiness and high performance, and the transition to broad bilateral relations between Iraq, the United States of America, and the rest of the coalition countries.”
The Prime Minister stressed, “the necessity of developing relations between the two countries at various levels and sectors, without limiting them to the security aspect only,” pointing to “the state of recovery that Iraq is going through, the reforms it is witnessing in various economic and financial sectors, and the progress of concluding integrated economic partnerships with countries in the region.” “And the world, which will contribute to promoting development and achieving stability for the country.”
For their part, members of the US Congress indicated their “interest in the success of the Iraqi government in several aspects,” stressing “the importance of Iraq and its role in enhancing security and stability in the region.” LINK
'Unprecedented' agreement in the Iraqi government to remove US forces, 27 FEB
'Unprecedented' agreement in the Iraqi government to remove US forces
Baghdad Today - Translation
The Iranian Press TV Agency announced in a report published on Sunday (February 25, 2024) the existence of what it described as an "unprecedented consensus" between leaders and political officials within the Iraqi government to "remove" US forces from the country completely, Declaring the country's full ability to face the challenges and threat of terrorism.
The agency said, according to what was translated by "Baghdad Today", that the National Security Adviser Qassim Al-Araji, confirmed to her the information she previously obtained about the existence of political and security consensus on the removal of US forces, explaining that "Iraqi leaders have become confident of the ability of Iraqi forces to face the dangers and challenges to the country without the need for US forces, whose presence has become harmful to Iraqi security as a result of the targeting operations carried out inside the country."
The agency also confirmed that it had obtained information confirming that the Iraqi government will "sign individual security agreements" with the countries that now represent the international coalition alongside the United States, noting that these agreements will ensure that the government in Baghdad receives the support of those countries for Iraq in addition to the continuous strengthening of the capabilities of the Iraqi forces, by withdrawing their description.
It is noteworthy that the Iraqi parliament took in 2020 a non-binding decision to remove US forces from Iraq, as the agency indicated that the current consensus between the political and security leaders in the country will witness during the coming period another decision from Baghdad that is binding after the agreement with the US side.
Do electronic payments reduce the printing of fiat currencies in Iraq?, 26 FEB
Do electronic payments reduce the printing of fiat currencies in Iraq?
Economy News – Baghdad
The Central Bank of Iraq expected on Monday that electronic payments would reduce the printing of fiat currencies in the coming years.
The Director of the Operations and Settlements Department at the Department of Information Technology and Payments, Zaid Humaid Rashid, said in a statement followed by the “Economy News” agency, that the bank provided the infrastructure for electronic payment operations, by spreading culture and awareness of this subject and applying the decisions of the Council of Ministers,” noting that “these decisions can be applied with settlement systems to activate a reciprocal through which these decisions are implemented.”
He added that “every new work can face some obstacles, problems and mistakes at the beginning, and we are working to find solutions to these obstacles,” pointing to “establishing workshops and meetings in this regard, to review a number of figures that proved the success of the project and the acceptance of citizens.”
Rashid continued that “any problem or hinderance is a complete cycle and every party has a role in that, such as the Central Bank and government banks that have missed the existence of their own regulations, which was the main reason for these problems.”
He explained that “electronic payment will reduce the printing of paper currency as well as the strategic benefits of the country in general and the citizen in particular.”
"RV UPDATE: " VIETNAM IS SHOWING MOMENTUM"" BY GOLDILOCKS, 26 FEB
GOLDILOCKS
We expect Viį»t Nam’s export orders to continue increasing in the months ahead due to the surprising strength of the US economy, as evidenced by the highest level of US consumer confidence since the COVID reopening boom.”
"The resulting broad-based economic recovery (in exports, manufacturing, and consumption) should boost earnings for a range of listed stocks, enabling active managers to outperform the broader stock market."
Vietnam is showing trading statistics that indicate a self-sustaining economy that is growing, and even has, greater potential going forward.
At this point, Vietnam is showing momentum. When a country starts to show a trade surplus, it indicates that a demand for a country's goods and currency is in higher demand. Thus, creating the need for an increase in a country's currency value.
© Goldilocks
https://vietnamnet.vn/en/vietnam-export-recovery-gains-momentum-2252714.html
https://globaledge.msu.edu/countries/vietnam/tradestats
https://www.investopedia.com/ask/answers/041515/how-does-balance-trade-impact-currency-exchange-rates.asp#:~:text=If%20a%20country%20exports%20more,the%20currency%20appreciates%20in%20value.
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...