The Central Bank of Iraq just told Iraq that you guys can use dinar to buy multi-currencies. To do what? Clearing and settlement in the system with accurate and facial data. Those two things right here are solidifying that there's something happening...
They're holding this 2023, 24, 25 budget close to the chest. Why? Because they need to wait for that special moment in time...
Iraq has the attention of the world when it comes to ascension [into the WTO]. We have more than...the WTO, We have the World Bank...the ITC...Saudi Arabia....Armenia, the International Foundation for Corporations...What do they need with that? They need freedom of capital movement. That's article VIII compliance...What a time to be an investor in the Iraqi dinar...
Iraq is going to have a lot of inflows. They're going to need to make things stable... To be able to defend their currency they're going to need to keep pricing stable...All these guys, the World Trade Organization all know that.
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...
Willie Wonka...you get that golden ticket. I think we got a golden ticket here. I'm not too sure because it looks like something is going on.
Article: "Iraq.. Expectations of a decline in the dollar difference and a return to the official rate" Something is going on... Quote: " The economic expert, Safwan Qusay, expected today, Saturday, a decline in the dollar difference in Iraq and a return to the official rate after a series of financial and economic measures taken by the government of Muhammad Shiaa Al-Sudani." That's a beautiful article. There's immense power behind that article.
Including Facilitating Legitimate Trade.. Customs Explains The Advantages Of Implementing The Electronic System
local Basra - IA - Saad Al-Sammak Today, Sunday, Director General of the General Authority of Customs, Hassan Al-Ugaili, explained the advantages of implementing the electronic system in the country, while defining the duties of the Authority in three main axes.
Al-Ugaili said in his speech during the inauguration of customs automation at the Umm Qasr port, followed by the Iraqi News Agency (INA):
“The efforts of the General Authority of Customs, which were made over several years and with direct support by the Minister of Finance and direct follow-up from the Prime Minister, culminated this day in the electronic system that We hope that it will cover all the activities of the General Authority of Customs and customs activity.” Al-Ugaili added,
“The General Authority of Customs is committed to carrying out its duties, which focus on three main axes, the first of which is facilitating legitimate trade, as the current government has issued a set of decisions that help facilitate legitimate trade, and the General Authority of Customs is responsible for implementing those decisions, including:
canceling tax deposits that were collected.” At border crossings, which were obstructing or delaying the completion of customs transactions, as well as
canceling the import license for most imported materials, and
reducing duties on some imported materials.” He continued,
"The General Authority of Customs has begun reviewing many procedures and moving towards simplifying procedures.
Today, the electronic system is one of the tools of the General Authority of Customs to facilitate legitimate trade.
According to the system, transactions are supposed to be completed in a faster manner and with unified customs procedures, meaning that there will be no discrepancy in procedures between one center and another."
Pointing out that, “Under the system, the discretionary power of the employee will be greatly limited and thus the system will be dealt with, as there will be no role for people’s moods in completing these transactions.”
He explained that “the other axis that the General Authority of Customs is working on is protecting or implementing the state’s decisions in the field of restriction and prevention, and this protects the consumer and society from the entry of prohibited materials,” noting that “the third axis of the Authority is revenues or collection, as the system will collect according to Electronic mechanisms that are clear, transparent and announced at the same time, meaning that they provide real-time data to the decision maker at the level of the Ministry of Finance or at the government level that the revenues received by this body are in the amount and at the moment when the information is requested.” He pointed out that
"the system offers great advantages that we will feel by implementing it, as well as the dealing agents of customs clearance companies and the extent of the benefit achieved from this system in their work, as they can complete customs clearance procedures online." https://www/ina.iq/204286--.html
Article: "Central Bank announces the increase in the volume of foreign reserves from 140 to 148 trillion dinars"
That's perfect because...the more reserves you have the easier it is to protect your exchange rate.
On the Central Bank of Iraq website it tells you how many dinar they put into circulation. But what is not reflected is what has been removed out of circulation, whether the government took it out of circulation or whether they were damaged, fire, destroyed, lost forever, who knows. That's not reflected in there.It's not really 101 trillion Iraqi dinars in circulation. That's what they put out in circulation but not what's actually in circulation.
The US National Security Advisor stresses the importance of securing the Kurdistan region's financial entitlements and its share of the budget
3/1/2024
Today, Friday, US National Security Advisor Jake Sullivan stressed the importance of securing the financial entitlements of the Iraqi Kurdistan region and its share of the federal budget.
A statement from the regional government received by Al-Rabaa stated, “The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, met at the White House with US National Security Advisor Jake Sullivan, and the latter conveyed the greetings of President Joe Biden to Masoud Barzani and the Prime Minister. He also renewed the White House’s support for a strong Kurdistan.” And for the constitutional rights of its people.”
The US National Security Advisor praised "the heroism, struggle, and sacrifices of the Peshmerga, especially in confronting ISIS terrorists," stressing "the importance of protecting the security of the Iraqi Kurdistan region, and securing its financial entitlements and its share of the budget."
For his part, Barzani expressed his “thanks to the United States for its continued support for the region,” reiterating “the necessity of respecting the constitutional entity of the region, in a way that preserves the rights of its components and does not violate them in any way.”
He pointed to "the importance of implementing the constitution, including the formation of the Federation Council in Iraq."
