An Economist Calls On The Government To Support And Stimulate The Private Sector , 22 MARCH

 An Economist Calls On The Government To Support And Stimulate The Private Sector

 Economy| 05:58 - 03/17/2024  Mawazine News - Baghdad   The economic expert, Hassan Ismaik, today, Sunday, called on the government to support and stimulate the private sector in Iraq. 

In an interview with Mawazine News, Ismaik said, “There is a need to rehabilitate the government sector in order to stimulate growth in the private sector, which will  contribute to creating partnerships and  strategies with foreign direct investment in unexploited sectors such as  transportation,  tourism, and the  shift towards smart agriculture, as well as  Industrial and technological cities. 

He stressed "the necessity of shifting towards investing in quality of life and enabling Iraq to create a new digital environment."  He pointed out that

"there are many experts who link the reforms implemented by the Iraqi government headed by Muhammad Shiaa Al-Sudani, and  enabling the country to shift towards digitalization, as the solution to many of its crises, especially  corruption,  administrative slackness, and   poor service provision, and      encouraging investors and facilitating their work, which requires...

Firstly,  revitalizing and streamlining the public administrative apparatus.”  He pointed out that  "activating the public sector in Iraq must coincide with measures by which the government  supports the private sector,  increases the growth of its business, and  raises the level of partnership between it and the public sector."   https://www.mawazin.net/Details.aspx?jimare=244063   

"RV UPDATE" BY FNU LNU, 22 MARCH

Fnu Lnu 

 There is NO LOP happening and the 1.32 Dinar to $1 USD is in country as the FOREX numbers will be far more attractive.

"THE OLD IQD NOTES VS THE NEW IQD NOTES" BY FNU LNU, 19 MARCH

  Fnu Lnu  

 On the issue of Old Notes (circulated) versus New Notes (uncirculated) I can tell you this. The "Oil for Dinar" program is very real and those are called Private Placements. They require ONLY uncirculated notes to participate. 

Otherwise, if you aren't in such a Private Placement exchange then it doesn't matter at all. Also, new uncirculated notes of certain serial numbers are going to be used as Bonds. The new Dinar have all the info needed to be used as bonds and it was planned this way before the new notes were printed . They will be used on the unregulated trading platforms in Shanghai as part of certain trading packages.

---

 [Reply to Guru Frank26's Dinar on Forex post 3-5-2024 below]  

There is no such thing.  A) The rule of One Price and B) There is no back side or private side to FOREX...With that being said: There are platforms in Shanghai and Singapore that are totally unregulated. 

It is the wild west of commodity trading and they create investment packages where they bundle up packages containing many different speculative investments into a bundle and trade those.  But that isn't happening now either though it was a thing with the IQD several years ago but not now..

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-fnu-lnu-6-march.html

Dinar RV Breaking News🔥Iraq Joins European Bank for Reconstruction💣What ...

Iraq Joins The Membership Of The European Bank For Reconstruction And Development, 22 MARCH

Iraq Joins The Membership Of The European Bank For Reconstruction And Development

 local    Yesterday, 10:30   Baghdad – INA  The Iraqi Fund for External Development in the Ministry of Finance announced today, Wednesday, that the Republic of Iraq has joined the membership of the European Bank for Reconstruction and Development (EBRD) after the House of Representatives approved the accession law.

The Fund said in a statement received by the Iraqi News Agency (INA):

“The Republic of Iraq has joined the membership of the European Bank for Reconstruction and Development (EBRD) after the House of Representatives approved the accession law, which comes within the Ministry’s vision of strengthening frameworks of cooperation and communication between Iraq and institutions.” International Finance, after the Fund’s continuous coordination with the European Bank’s management, the completion of Iraq’s contribution process, and the completion of all documents related to accession.”

He added,  "Joining will enable the European Bank to

     finance projects within the country,

     promote development for various sectors,

     support the entrepreneurship initiative, and

     support the private sector through investments and

     participation in policy dialogue and technical assistance," pointing out that

"the European Bank for Reconstruction and Development (EBRD) is a multi-faceted development bank." Parties, headquartered in London,

the bank focuses on investment as a tool to rebuild market economies in beneficiary countries, with an emphasis on supporting the private sector and its investments in advisory and political activities.

 The bank also helps countries develop their policies to promote energy self-sufficiency or renewable energy markets.  https://www.ina.iq/205337--.html   

"RV UPDATE" BY MILITIAMAN, 22 MARCH

 Militia Man 

 If Al-Sudani says, the dinar hold on to it, it's going too be stronger than the dollar...$0.76 is not stronger than the dollar.  Add the real effective exchange rate and you can easily get over a dollar...

Oil is anywhere from $88 to $85 right now.  Add in the tax revenues and customs duties and fees at the borders, the tourism you got to see the exchange rate of the Iraqi dinar is not going to be at $0.76.  They're going to have to add that real effective exchange rate to it and that's probably...exactly why they haven't exposed it just yet.  It's a sensitive issue. 

 They need to keep it close to the chest... They can't go out and tell everyone on the street, 'Hey you know next week your exchange rate is going to be X.'  It doesn't work that way...Eventually they will expose it...

The Fed Has An Ugly Surprise For Markets | Mike McGlone

Iraq joins the World Federation of Free Economic Zones (FEMOZA). , 22 MARCH

 Iraq joins the World Federation of Free Economic Zones (FEMOZA). , 22 MARCH

2024-03-21 00:24   Shafaq News/ The Industrial Estates Authority, one of the formations of the Iraqi Ministry of Industry and Minerals, announced on Thursday its joining the World Federation of Free Economic Zones (FEMOZA) in cooperation with the United Nations Industrial Development Organization (UNIDO).

The Director General of the Authority, Hamid Awad Muhammad, explained in a statement that

the Authority is a vital entity charged with advancing industrial cities and their prosperity throughout Iraq, indicating that the

joining came due to the importance of international partnerships in achieving the objectives of the Authority in light of economic changes and the movement of markets, shipping lines, and global land and railway transport, and in order to Interact with it professionally, taking advantage of Iraq's strategic geographical location.

He pointed out that the FEMOZA organization is considered an internationally known union committed to promoting sustainable economic zones and has links with (200) countries in the world.

The Director of the Authority added that this affiliation confirms the objectives of the Industrial Estates Authority in creating an environment conducive to

     investment,

     innovation and

     economic diversification by benefiting from the organization and its global network, as well as

     attracting foreign investment to Iraq and

     enhancing the Authority’s ability to establish and manage industrial zones that help in sustainable development and international business participation.

     Accelerating industrial growth within Iraq by benefiting from the expertise of specialized international organizations. https://shafaq.com/ar/اقتصـاد/العراق-ينضم-لى-ال-تحاد-العالمي-للمناطق-ال-قتصادية-الح-ـرة-FEMOZA