Iraq Embarks on Ambitious Reforms: 1000 Scholarships, Economic Revival, and Anti-Corruption Drive, 5 MARCH

Iraq Embarks on Ambitious Reforms: 1000 Scholarships, Economic Revival, and Anti-Corruption Drive

Amidst a backdrop of economic challenges and opportunities, Iraq's government is setting a bold agenda for reform and development. Deputy Director of the Prime Minister's Office, Ali Razouki, unveiled a comprehensive plan to revitalize the nation's economy, combat corruption, and significantly invest in the future of Iraqi youth. During the Rafidain Forum, Razouki highlighted the government's commitment to sending 1,000 students abroad on scholarships this year as part of a broader strategy to stimulate economic growth, enhance services, and root out corruption.

Empowering Youth and Fostering Education

The decision to send 1,000 students overseas on scholarships signifies a substantial investment in Iraq's future leadership and workforce. This initiative is part of a larger vision to enhance the skills and opportunities available to Iraqi youth, ensuring they are well-equipped to contribute to the nation's development upon their return. The focus on education and youth empowerment aligns with global best practices for sustainable economic growth and social progress.

Strategic Economic Reforms and Service Enhancement

Razouki's announcement also emphasized the government's dedication to implementing strategic economic reforms, improving public services, and tackling corruption head-on. These efforts are crucial for Iraq's stability and prosperity, especially in the context of recent praise from the International Monetary Fund (IMF) for the measures taken by the Central Bank of Iraq. The IMF has highlighted the importance of maintaining economic stability, encouraging growth in the non-oil sector, and advancing digital transformation as key factors for Iraq's economic future.

Challenges and Prospects

Despite the ambitious plans and positive outlook, Iraq faces significant challenges, including dependence on oil revenues, fluctuating oil prices, and the need for extensive structural reforms. The IMF has cautioned about the risks associated with oil price volatility and the necessity for Iraq to diversify its economy to ensure sustainable development. Implementing the proposed reforms, improving governance, and enhancing public services are critical steps toward achieving these goals and mitigating the risks associated with oil dependency.

The Iraqi government's current initiatives, including the scholarship program, economic reforms, and anti-corruption measures, reflect a significant commitment to transforming the country's socio-economic landscape. While the journey is fraught with challenges, the focus on education, economic stability, and governance reforms provides a strong foundation for a prosperous and resilient Iraq.

https://bnnbreaking.com/politics/iraq-embarks-on-ambitious-reforms-1000-scholarships-economic-revival-and-anti-corruption-drive

"THE GOLD WILL DETHRONE THE FIAT DOLLAR" BY MIKECRISTO8, 5 MARCH

 MikeCristo8

@MikeCristo8 

Again, the fiat dollar has manipulated exchange rates against other foreign currencies as to why bitcoin will never be held by foreign central banks.

The Gold RV will dethrone the fiat dollar and dollar liquidity will crash (by 95%), And bitcoin will be all wash up as liquidity dries up to the U.S. Treasury bond default.

Quote

Matthew Pines

@matthew_pines

·

Mar 3

Replying to @MikeCristo8 and @LawrenceLepard

If you care for a nuanced analysis that doesn’t scream in all caps, see this discussion I had with Dr. Ferranti (whose paper on the subject was reviewed by Ken Rogoff): x.com/matthew_pines/…

The President of the Republic meets Blaskhart and confirms Iraq’s keenness to coordinate with the international community, 5 MARCH

 President of the Republic, Abdul Latif Jamal Rashid, received today, Monday, the Special Representative of the United Nations Secretary-General in Iraq, Jeanine Blasschart.

Rashid stressed, according to the presidential statement, a copy of it received during the meeting: “Iraq was keen to coordinate and cooperate with the international community to support its efforts in consolidating security and stability and ensuring the security and safety of citizens.”

Rashid pointed out that “the need to work jointly with international organizations to confront challenges in the field of environment, climate, health and education in a way that ensures a decent life for Iraqis.”

https://alforatnews.iq/news/رئيس-الجمهورية-يلتقي-بلاسخارت-ويؤكد-حرص-العراق-على-التنسيق-مع-المجتمع-الدولي

"WE HAVE A BACK SCREEN RATE THAT SHOWS MOVEMENT IN THE IQD": "NOW YOU CAN STOP DOUBTING THAT THIS IS REAL" BY GOLDILOCKS, 5 MARCH

GOLDILOCKS

I am aware that we have a back screen rate people have been sharing on the dinar indicating movement in the IQD. It is good to know that there is one. 

Now, you can stop doubting that this is real.

Keep your eyes on gold, silver, and oil to solar sections of the Debt Clock. 

These numbers will be the foundation assets to the new economy, and they are numbers we need to see in order to formulate real values across all market sectors. 

All roads lead to gold, and gold, will set us free. 

© Goldilocks

🔥 Iraqi Dinar 🔥 100% Accuracy Confirmed: Major Rate Change Approaching F...

"ANALYSIS OF IRAQ NEWS: "SOME HABITS ARE HARD TO BREAK FOR THE CITIZENS... BUT NECESSARY FOR THE MONETARY REFORM SUCCESS!!! BY FRANK26, 5 MARCH

 KTFA

FRANK26:"SOME HABITS ARE HARD TO BREAK FOR THE CITIZENS... BUT NECESSARY FOR THE MONETARY REFORM SUCCESS!!!.......F26

Central Bank: Iraqi society prefers to use cash in daily transactions

 

3/4/2024
- Baghdad

 

The Central Bank of Iraq announced today, Monday, the use of the best internationally approved systems and standards in the field of electronic payment, while indicating that it spends hundreds of millions of dollars annually to develop infrastructure systems to build an important base for the development of electronic payment in Iraq.

Deputy Governor of the Central Bank, Ammar Khalaf, said in a speech at the first Iraqi Digital Economy Forum, “The digital financial transformation in Iraq began with the localization of state employee salaries and the opening of bank accounts, the primary purpose of which is to use electronic payment in daily transactions, whether inside Iraq.” Or outside it.”

Khalaf added, “Iraqi society prefers to rely on cash in daily transactions, but the government’s efforts to support digital transformation, especially in the financial sector and other sectors, gave a strong impetus to the Central Bank over the past year and it continues to encourage and activate electronic payment in Iraq by issuing many Among the laws, controls and instructions that encourage the use of electronic payment in Iraq.

He pointed out that "some ministries responded quickly to the directives of the Central Bank and the Iraqi government, especially the Ministry of Oil by making collections at gas stations and others via electronic payment, as well as the Passports Directorate, which obligated payment to be electronic, in addition to the General Traffic Directorate and other ministries." Stressing that "all this support gives a very strong and significant impetus to electronic payment."

He pointed out that "the Central Bank has been the only influential player for many years, as it has embraced the importance of digital transformation in most of its transactions, and spends hundreds of millions of dollars annually to develop infrastructure systems to build an important base for developing electronic payment in Iraq through the use of the best internationally approved systems and standards in this field." ".

LINK

"RV UPDATE" BY PIMPY, 5 MARCH

 Pimpy 

 When we're talking about the deletion of the zeros, it comes off the bank note only.  It isn't going to change the exchange rate.  The exchange rate is going to be equal in value...

You got people out there saying that deleting the zeros does not mean the currency, it only means the exchange rate.  That's not accurate...  The 25,000 dinar has the same value as a 25 dinar...25,000 dinar times .00076 gives you $19.  So when we delete the zeros...25 x .76 is the same exchange rate [$19]...Delete the zeros...is not increasing the exchange rate against other currencies.

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.