FRANK: I sent you to your bank friend. Your friend is going to be receiving machinery IMO that will help him identify the new lower notes they are going to give you. They are also going to be sending in people who are experts in the process of exchanging currency. In your case, three zero notes for lower notes..
.It's very obvious the next step for the CBI is for these people and this equipment to be used to give you the new exchange rate and lower notes. It is approaching you with great confidence. Be strong. You're almost there.
FIREFLY: Sudani did a speech putting economic and banking reforms as a major priority.
FRANK: I'm all for it! ...All of their efforts of their energy is directed to the success of the monetary reform first that will then bring success to the economic reform...This sequence cannot be reversed...Your day is coming.
Prime Minister Mohammed Shia Al-Sudani received today, Thursday, the delegation of the Turkish company Limak, which specializes in transport and construction projects headed by the company’s founder, Nihad Özdmir.
At the beginning of the meeting, Al-Sudani referred to the investment and development opportunities that the company can contribute to in Iraq, especially in the fields of infrastructure and transport projects, and related to the development road projects and the large port of Faw, as well as road, bridges and industrial cities projects in various governorates.
Al-Sudani reiterated the government’s welcome to companies with high technical and executive experience, explaining that the investment environment in Iraq has become a promising, welcoming and open environment, especially after financial, administrative and banking reforms took their course, and qualifying the private sector to establish fruitful partnerships with international companies.
How are you going to finance one of the biggest world projects at 1310 when your valuation of your country is far greater than any other country in the region per kilometer?...What value are they going to use to value the operational side of of the budget for 2023 and investment side for 2023? ...If they haven't gone to a private sector at 1310 obviously there's an circumstance that suggests they're not going to into a private sector at 1310...
Everything we've been seeing in the news...is quite intense in respect to a lot of the things we've been talking about... Article: "Iraq's Minister of Trade: We seek to join the World Trade Organization and expand our economic relations with the world" That's pretty bold. Quote: "...Iraq is now able to enter the global trade market through the organization on a large scale." There you have it...That is a massive quote.
Article quote: "Deleting the zeros...does not conflict with its value but needs educational campaigns to proceed it and a traditional period for trading the currency with zeros and the new currency to know the two currencies are equal in value." If they are going to be equal in value...a dinar is a dinar is a dinar. A dollar is a dollar. When it comes to an international stage a dinar is not a dollar, nor is a dollar a British pound or a Japanese yen. There's a difference in value. Are they one of each? Of course they are...But are they valued the same? Absolutely not...
They're talking about deleting the zeros again...We're not talking 1, 2 or three articles...
Article quote: "The issue of deleting the zeros and splinting the dinar has become a topic that causes a lot of reflection and controversy in economic circles..."
If you go from 1310 to something back to a 'previous era'...is a big move ...Article quote: "When this is done correctly we can expect...a strong dinar that is considered a store of value and perhaps even stronger than the dinar that was before 1980."
Iraq is going to explode with growth. We all know that...You're going to provide thousands and thousands of jobs and build 10 industrial cities, millions of homes...it creates a lot of growth. It creates a lot of jobs...
Shafaq News / The International Monetary Fund, a “remarkable decline” in inflation rates, which is reflected in the decline in food and energy prices in addition to the stability of the foreign exchange market in Iraq, according to the Ministry of Finance.
The ministry said in a statement that an Iraqi delegation headed by Finance Minister Taif Sami concluded today, Thursday, its discussions with the Article IV mission of the International Monetary Fund experts in Amman, during which the implementation of the economic reform program and the improvements achieved by the Iraqi government in the field of development structure, financial sustainability and maximization of non-oil revenues were reviewed.
The statement quoted the delegation as confirming that the Fund promised to support development programs to promote public financial management, digital transformation, banking, retirement and customs sectors, and to enhance private sector participation efforts through investment incentives, infrastructure and reconstruction, indicating its intention to continue discussions and consultations during the Fund’s periodic annual meetings.
The statement added that the IMF mission praised “the return of growth in the non-oil sector strongly during 2023 with a noticeable decline in inflation rates, and this reflected on the decline in food and energy prices.”
According to the statement, the mission “noted the positive developments of the return of trade finance operations to their normal course and the stability of the foreign exchange market following the implementation of anti-money laundering and anti-terrorism financing controls on cross-border payments.”
It is noteworthy that the IMF Article IV consultations are bilateral meetings held annually between the IMF and member states, after which a team of IMF experts meets the member country and holds formal consultations with its officials.
Article: "Iraq completes requirements to join WTO” Quote: "The Iraqi Minister of Trade, Atheer Al-Ghurairi, affirmed that Iraq fulfilled the conditions necessary to become a member of the World Trade Organization (WTO) following the completion of economic reforms and the enhancement of the investment climate."
Article: "Prime Minister: The government has placed the issue of economic and banking reform among its most important priorities "
Article: "The Minister of Commerce discusses in Abu Dhabi with the World Trade Organization the completion of procedures for Iraq to join the organization”
Quote: “The organization is looking forward to and following the steps for Iraq’s accession carefully, given that Iraq is one of the important and powerful economies that is still outside the organization, and that Iraq’s presence within the organization’s membership will be a great added value to the organization and to the global economy.”