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Analysts urge U.S. to rethink Iraq strategy and prioritize diplomacy, development, 9 MARCH

Analysts urge U.S. to rethink Iraq strategy and prioritize diplomacy, development

Shafaq News/ An analysis published by the Quincy Institute urgedp the United States to move away from its current military-heavy approach in Iraq, arguing for a strategy centered on diplomacy and development. The report, authored by Adam Weinstein and Steven Simon, acknowledges the complexities of the situation but emphasizes the limitations of the use of military force.

"Washington's current troop presence in Iraq is unsustainable," the report contends. While the 2011 withdrawal left a vacuum that ISIS exploited, simply maintaining a large military footprint isn't the answer. The report argues that the U.S. "lacks the resources and will to militarily defeat Iran-aligned militias," and that continued airstrikes offer only temporary deterrence.

Instead, the professors at Quincy Institute recommended a shift in focus. "Polls consistently show that economic development and combating corruption are far greater concerns for average Iraqis than security," the wrote. The U.S. is well-positioned to assist in these areas, leveraging its expertise in establishing "robust anti-money laundering frameworks" and promoting infrastructure development projects.

The report suggests that a reduced military presence could improve U.S.-Iraq relations. With fewer troops on the ground, "U.S. diplomats would have greater freedom to engage with Iraqi society". This could foster broader cooperation and move away from the current "fortress mentality" that restricts diplomatic efforts.

By prioritizing diplomacy and development, the report concludes, the U.S. can achieve its goals in Iraq more effectively. This new strategy would not only address the needs of the Iraqi people but also create a more sustainable and secure environment for the United States.

https://shafaq.com/en/Report/Analysts-urge-U-S-to-rethink-Iraq-strategy-and-prioritize-diplomacy-development

"RV UPDATE" BY TEXAS SNAKE, 9 MARCH

 TEXAS SNAKE

 Banks have been placed on alert beginning Mon. 11 March, so he feels we are close. We might get notified but exchanging would start a few days after that.

With everything re the updated banking system scheduled to begin next Monday it might serve as a distraction for us as well.Nothing new to report as yet, will advise should anything come across.

TEXAS SNAKE

Not that this is of material value immediately but the banker is indicating those above him are indicting he is within a short window to beginning his scheduling of currency exchange appointments.  Will keep you advised as info proceeds.

As had been stated I will be participating in a planning call tomorrow evening, I mentioned this to the banker, his comment was "don't get to excited but you may get filled in on some news should I hear anything from above tomorrow."

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-texas-snake-4-march.html

They are on call to be at their station within 45 minutes and all have had extensive training

Folks while nobody in our level knows when but the assurances I am being given indicates we are closer than ever.

"RV UPDATE" BY TEXAS SNAKE VIA TELEGRAM CHAT, 24 FEB

  TEXAS SNAKE

Like all of us we await some word and at this point my banker like us is awaiting some updates as we await but he does indicate we should be close based upon what has been  shared thus far.

"RV UPDATE" BY TEXAS SNAKE, 22 FEB

 “Word is trickling in that ATMs are being loaded with the new rainbow currency and then being placed out of service until all machines are loaded. …According to some sources, Bond Holder payments begin to be processing  Wed. 21 Feb.  …

I was on a call that was most positive and is affirming we stand at the threshold of scheduling/ exchanging currencies. They do not have rates or exactly when the announcement will be made but it could be as early as the next couple of days.”

"RV UPDATE" BY PIMPY, 8 MARCH

 Pimpy 

  If you want to see an increase in the value of the Iraq dinar then there are things that need to happen in Iraq in order for the dinar to increase in value.  One of them is they have to have a stable and robust economy. 

 Then there are things Iraq need to do that continues to support, stabilize and strengthen the Iraqi dinar.  One of those big steps is joining the World Trade Organization...

Community comment  "...The IQDs are oil credits.  Our currency will go to the banks and then then the Untied States Treasury.  The US will use the currency to trade with Iraq for oil or other commodities."  

...No it's not an oil credit, it's just a currency. I've heard that rumor before.  It's just a normal currency Iraq has.

PM Sudani: Keep Your Dinar💣IQD Will Be Reinstated!🤔Iraq Dinar RV Updates...

"ANALYSIS OF IRAQ NEWS: "THE ISLAMIC BANKS SUPPORT THE MONETARY REFORM OF THE CBI" BY FRANK26, 9 MARCH

KTFA

FRANK26:"THE ISLAMIC BANKS SUPPORT THE MONETARY REFORM OF THE CBI".........F26

Al-Alaq: Supporters of the Islamic banking sector

 

3/6/2024

Baghdad: Al-Sabah 

The Governor of the Central Bank, Ali Al-Alaq, expressed his support for the work of Islamic banks, and stressed the progress of government steps to remove the obstacles that hinder the development of their work. 

A press statement issued by the Association of Banks explained that Al-Alaq met with the delegation of the Iraqi Association of Islamic Banks within the framework of a serious approach and effective action to support banking work and the private sector. He explained that the meeting included a discussion of ways to advance the vital Islamic banking sector to support the national economy, especially since many private banks were subject to the suspension of their transactions in the US dollar. Al-Alaq indicated that the Central Bank is seeking by all means to support the banks, stressing that there are moves at a high level by the government to stop... On solutions, in addition to emphasizing professionalism and commitment to international standards. In turn, the Executive Director of the Association, Ahmed Al-Rubaie, said: The meeting was positive and fruitful, appreciating the efforts made by the Central Bank, especially since there are steps confirmed by the results achieved through the move to open direct communication channels for banks. Local cooperation with its foreign counterpart in correspondence and commercial exchange to find outlets for dealing in currencies other than the dollar, including the Emirati dirham, the Turkish lira, the euro, and others.
LINK

Iraq Seeks IFC Support for Economic Growth: A Strategic Move Towards Sustainable Development, 9 MARCH

 Iraq Seeks IFC Support for Economic Growth: A Strategic Move Towards Sustainable Development

On Tuesday, a significant meeting took place between Prime Minister Mohammed Shia Al-Sudani and a delegation from the International Finance Corporation (IFC), led by Ms. Hala Sheikh Rouh, Vice President for the Middle East. This encounter underscored Iraq's aspirations to bolster its economy through strategic partnerships, focusing on banking reforms, the private sector's expansion, and infrastructural projects geared towards elevating the nation's Gross Domestic Product (GDP).

Enhancing Iraq's Economic Landscape

The discussions between Mr. Al-Sudani and the IFC delegation revolved around key areas of cooperation that promise to reshape Iraq's economic trajectory. Central to these talks was the Prime Minister's proposal for the establishment of a training institute dedicated to banking operations and the development of economic models for future projects. This initiative is seen as a cornerstone for advancing the country's banking sector, crucial for facilitating economic growth and stability. Additionally, emphasis was placed on supporting the private sector, particularly in the realms of cement and construction materials, industries that are experiencing a surge in demand due to new city developments.

Projects and Prospects

Prime Minister Al-Sudani's appeal to the IFC extended beyond banking reforms, touching on the broader landscape of economic development in Iraq. He highlighted the importance of backing projects aligned with the Development Road initiative and the rehabilitation plans for Baghdad International Airport. These projects are not only pivotal for enhancing Iraq's infrastructure but also for stimulating economic growth by improving connectivity and facilitating trade. Ms. Hala Rouh, representing the IFC, affirmed the institution's readiness to support Iraq across various sectors, commending the government's commitment to comprehensive reforms and sustainable development practices.

Path Towards Sustainable Development

The meeting between Iraq's Prime Minister and the IFC delegation marks a critical juncture in Iraq's journey towards economic revitalization and sustainable development. By focusing on banking reforms, supporting the private sector, and investing in infrastructure, Iraq aims to diversify its economy, reduce its dependence on oil revenues, and create a more resilient and sustainable economic framework. The IFC's willingness to collaborate highlights the potential for impactful partnerships that can drive positive change, not only for Iraq but for the region as a whole.

This engagement with the IFC comes at a time when Iraq has also completed the requirements to join the World Trade Organisation (WTO), signaling a broader commitment to integrating with the global economy. As Iraq embarks on this path of economic reform and development, the support of international institutions like the IFC will be instrumental in achieving the nation's ambitious goals. The collaborative efforts underscored in the meeting reflect a shared vision for a prosperous Iraq, leveraging a blend of strategic initiatives to foster economic growth, sustainability, and resilience.

https://bnnbreaking.com/finance-nav/iraq-seeks-ifc-support-for-economic-growth-a-strategic-move-towards-sustainable-development