Barzani: We are communicating with Sudanese and the Central Bank regarding a number of initiatives related to developing the banking system, 19 MARCH

Barzani: We are communicating with Sudanese and the Central Bank regarding a number of initiatives related to developing the banking system

The Prime Minister of the Kurdistan Regional Government of Iraq, Masrour Barzani, confirmed today, Sunday, communication with Prime Minister Muhammad Shiaa Al-Sudani and the Central Bank regarding a number of initiatives related to developing the banking system.

A statement from his office received by Al-Rabaa stated that, “The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, received this evening, Sunday, a joint delegation from the Board of Directors of the Bank of Baghdad and the Jordan Kuwait Bank, headed by the Chairman of the Board of Directors of the Bank of Baghdad, Majid Allawi Al-Saadi.”

The statement continued, “The meeting witnessed discussion of opportunities for cooperation in implementing joint business and projects with the Kurdistan Regional Government, in a way that strengthens the banking system and achieves economic development in Iraq and the region.”

Barzani highlighted “the reforms implemented by the Kurdistan Regional Government in the field of the banking system and the digitization of services provided and electronic payment,” stressing “the continuation of work on the (My Bank Account) project.”

He pointed out that he “communicated with the Prime Minister of the Federal Prime Minister and the Governor of the Central Bank regarding a number of initiatives related to developing the banking system, in coordination with the Central Bank of Iraq and according to his instructions.”

https://alrabiaa.tv/article/81539/81539-%D8%A8%D8%A7%D8%B1%D8%B2%D8%A7%D9%86%D9%8A:-%D9%86%D8%AA%D9%88%D8%A7%D8%B5%D9%84-%D9%85%D8%B9-%D8%A7%D9%84%D8%B3%D9%88%D8%AF%D8%A7%D9%86%D9%8A-%D9%88%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A8%D8%B4%D8%A3%D9%86-%D8%AC%D9%85%D9%84%D8%A9-%D9%85%D9%86-%D8%A7%D9%84%D9%85%D8%A8%D8%A7%D8%AF%D8%B1%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%AA%D8%B9%D9%84%D9%82%D8%A9-%D8%A8%D8%AA%D8%B7%D9%88%D9%8A%D8%B1-%D8%A7%D9%84%D9%86%D8%B8%D8%A7%D9%85-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%81%D9%8A

"RV UPDATE" BY MARKZ, 19 MARCH

 MarkZ 

  [via PDK] 

  I think things are in a mad dash to the finish line… We have an impending visit from Sudani here in the Us ...  We have Sudani on Friday mentioning the rate of $1.32…which is very specific... Comment:  The $1.32 rate is actually .76 cents US for each dinar….  Al Sudani promised the Iraqi people the dinar would be stronger than the dollar. . 76 cents is NOT stronger.   MarkZ:  They may be floating the rates of $1.32 and .76 cents to get people ready for a change. I still think it will be more in the $3 or $4 range…but I could be wrong. IMO $1.32 and .76 cents rates would still be fantastic.. 

 It's been exceptionally quiet on the RV front overnight... Some have anticipation for this weekend...I hope they are right.

 Comment:  There is currently a bond crisis brewing.  MarkZ:  Yes there is…and years ago one of the key players in the RV told us to keep our eyes on the bond market and when it finally gasps its last breath…that is when we go... It is certainly troubled enough to gasp its last breath.

Iraqi Dinar🔥Iraqi Dinar Exchange Rates Today Last 24 Hours Update 2024🔥i...

The Prime Minister expresses Iraq's desire to occupy its position in the international arena, 19 MARCH

 The Prime Minister expresses Iraq's desire to occupy its position in the international arena

Prime Minister Muhammad Shiaa Al-Sudani received, today, Monday, the Director General of the International Atomic Energy Agency, Mr. Rafael Mariano Grossi.

Al-Sudani confirmed in a statement received by Earth News that “Iraq was one of the first countries that sought to join the agency, abide by its treaties, and worked to establish nuclear reactors for peaceful purposes. Because of his conviction that nuclear energy must be a source of prosperity and not the development of lethal weapons

He pointed out that “at the end of last year, Iraq submitted to the Agency the requirements for its accession to the Nuclear Safety Agreement, and the Joint Agreement on the Safe Management of Spent Fuel and the Safe Management of Radioactive Waste, and it is looking forward to entering again into The field of peaceful applications of nuclear energy.

The Prime Minister expressed “Iraq’s desire to occupy its natural position in the international arena, and to engage in peaceful activity in the field of atomic energy. He also looks forward to assisting the Agency in developing programs and projects related to development in the field of nuclear applications for peaceful purposes.”

For his part, Grossi extended “an invitation to Mr. Sudanese to attend the Nuclear Energy Summit, which will be held in Brussels this March, expressing his appreciation for Iraq’s cooperation with the agency,” stressing that it is “one of the leading countries working with the agency, and he also declared his commitment to working with Iraq in its program and projects.” Peaceful, which includes energy, soil desalination, disease treatment, and other peaceful fields, indicating his aspiration for the Iraqi delegation to visit the agency’s headquarters in the coming weeks;

 “To work on developing a road map to develop Iraq’s work, build infrastructure, and obtain nuclear technology in peaceful fields.”  link

"Iraq is beginning to assume their own Sovereignty going forward" BY GOLDILOCKS VIA FREEDOM FIGHTER, 19 MARCH

FREEDOM FIGHTHER

ERBIL, Kurdistan Region - "Ali Mohsen al-Alaq, Governor of the Central Bank of Iraq (CBI), said on Thursday that the US has agreed to review recent sanctions on Iraqi banks, adding that in the future, similar punitive measures will be taken in consultation with Baghdad."

Do you see what is happening? 

Iraq is beginning to assume their own Sovereignty going forward. These US sanctions have kept Iraq from moving forward with their economic reforms on the International level, and now, we are witnessing final reviews of Iraq's sanctioned. 

Once these are released, Iraq will be able to move forward with many of the rest of their economic reforms to connect with other countries on the International stage in trade and development.

The ability for Iraq to move freely within their own banking system will give Iraq currency ranges to work from in determining exchange rates between other countries. 

The ability to trade in Iraqi Dinars instead of the dollar will give them purchasing power and control going forward.

© Goldilocks

https://www.rudaw.net/english/middleeast/iraq/15032024

🔥 Iraqi Dinar 🔥 On TV New Exchange Rate🔥 Guru Updates News Currency Valu...

Ismaik: The solution to the dollar crisis in Iraq is “very simple”, 19 MARCH

 Ismaik: The solution to the dollar crisis in Iraq is “very simple”

The economic expert, Hassan Ismaik, confirmed that the solution to the crisis of the high exchange rates of the US dollar against the Iraqi dinar is very simple.

Ismaik said in an interview with Al-Maalouma, “The foreign cash reserves that the Central Bank of Iraq owns are what preserve the value of the Iraqi currency, and because Iraq does not receive money except government money, and the private sector smuggles its money abroad.”

He added, “The Iraqi citizen does not trust the banking system in his country,” which means that there is a defect that must be fixed.

 Ismaik believes that "the solution is by placing the money obtained from the sale of crude oil, the main source of the Iraqi economy, as deposits in the central bank and attracting the hoarded funds." In the homes of Iraqis and also attracting the money of investors abroad, the private sector and investment companies.

Ismaik continued, “The success of the solution is linked to Iraq’s development of the banking sector systems and it being an open and not closed system. Reinforcing his vision with leading regional models such as the Arab Gulf countries.”

He pointed out that “there is enormous money coming from the people and the private sector, as well as investment companies.”
He added that “Iraq only needs development in the banking sector system, clarity in this system and not being closed, because when we say it is forbidden to transfer dollars, and it is forbidden to buy with dollars, and it is forbidden to exchange for dollars, your value will immediately lose and decline, and the currency will fall.”

Ismaik stressed that “the dollar crisis ends when there is a solid banking system, as there is huge amounts of money with the people in their homes, and if this money goes to... Banks will change the equation, and the money of Iraq is Abroad will range, at a minimum, between 200-300 billion in deposits in banks.”

Since the end of the year 2022, Iraq has been facing a crisis in the exchange rate of the dinar against the dollar, after the United States took a number of measures to restrict the use of... The dollar is in Iraq and its possession is limited to certain parties, as the exchange rate is witnessing fluctuations and instability despite the measures taken by the Iraqi government and the Central Bank to control the exchange rate. 

The dollar crisis has been accompanied by variation in the methods of its solutions and treatment, especially among those who see it as a crisis that expresses structural imbalances in the system. Iraqi monetary policy, and among those who believe that resolving it requires only responding to it in an intelligent manner.   link