Before Sudanese's Visit To Washington, The Factions Are Silent, The Framework Is Waiting, And Parliament Is Waiting For The Implementation Of Its Decision, 25 MARCH

 Before Sudanese's Visit To Washington, The Factions Are Silent, The Framework Is Waiting, And Parliament Is Waiting For The Implementation Of Its Decision

Reports | 01:45 - 03/24/2024  Mawazine News – Baghdad  The Iraqi armed factions remained silent regarding the visit of Iraqi Prime Minister Muhammad Shiaa Al-Sudani to Washington, which was scheduled for mid-April, amid doubts about the possibility of resolving the issue of ending the role of the international coalition in Iraq during the visit, while Iraqi sources confirmed that Al-Sudani stressed He stressed the priority of this file during his upcoming visit.

Yesterday, Friday, the White House announced that US President Joe Biden will meet with Sudanese at the White House, next April 15, and that they will reaffirm their commitment to the Strategic Framework Agreement, and will work to deepen their common vision for a safe, sovereign, prosperous Iraq that is fully integrated into the broader region, while Al-Sudani's office confirmed that the visit would discuss the post-international coalition phase, without further clarification.

The visit’s program did not appear to be identical, according to the two official statements regarding the international coalition file, which reinforces the factions’ doubts about Washington’s seriousness in ending the coalition’s role in Iraq, especially since American officials had previously confirmed that Baghdad did not request ending the coalition’s role.

The Iraqi government reassured those factions that the issue of ending the coalition’s presence would be among the topics of the visit, and the advisor to the Iraqi Prime Minister, Hussein Allawi, said in a press statement yesterday, Saturday, that “in addition to the data of the dialogues of the Supreme Military Committee, the expected meeting of the Iraqi Prime Minister with the President "A timetable will be determined on the basis of which the American coalition forces will withdraw."

He added, "The strategic partnership between the Iraqi government and the United States proceeds within the framework of the Strategic Framework Agreement that Parliament voted on during the past years," stressing that "Al-Sudani took a decision to end the tasks of the international coalition, and this decision made the Iraqi-American Supreme Military Committee conduct a dialogue between Iraq and representatives The international coalition countries, to set a timetable,

 and these dialogues are continuing by the committee and go in the direction of assessing the threat of ISIS and the capabilities of the Iraqi armed forces, and in return, they will set a timetable based on these data on the one hand, and on the basis of the meeting between the Prime Minister and Biden.

"IMPORTANT IRAQ NEWS: AFTER HOSTING THE GOVERNOR. PARLIAMENTARY FINANCE: WE LOOK FORWARD TO RAISING THE VALUE OF THE DINAR" BY MNT GOAT, 25 MARCH

AFTER HOSTING THE GOVERNOR. PARLIAMENTARY FINANCE: WE LOOK FORWARD TO RAISING THE VALUE OF THE DINAR

Baghdad/Iraq Observer

The parliamentary finance committee on Thursday expressed its aspiration to coordinate with the Central Bank to increase the value of the dinar and control the market.

A statement said that “the Finance Committee met under the chairmanship of Atwan Al-Atwani and in the presence of its members with the Governor of the Central Bank Ali Al-Alaq, to discuss monetary policy and the banking system in the country and ways to increase the value of the Iraqi dinar.”

At the beginning of the hosting, which was held at the headquarters of the committee, the chairman of the committee stressed “the importance of following up the economic file and monetary policy, based on the supervisory side, and finding appropriate solutions to the obstacles facing the work of the Central Bank.”

The Finance Committee expressed “its aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, control the market in order to alleviate the burdens of citizens, and address the deficit.”

For his part, the Governor of the Central Bank reviewed “the economic and monetary aspect, pointing to “the development of basic rules in order to monitor the process of remittances and analyze monetary operations, praising “the role played by the Finance Committee in following up the financial and economic movement of the country.”

The committee discussed with the Governor of the Central Bank the approved international standards, future plans to improve the reality of banks, the possibility of expanding relations with international banks, drawing the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank Law.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

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The Prime Minister's Advisor Announces The Decline In The Effects Of The Parallel Market And The Decline In Its Activity, 25 MARCH

 The Prime Minister's Advisor Announces The Decline In The Effects Of The Parallel Market And The Decline In Its Activity

Economy News – Baghdad  The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, announced on Sunday the decline in the effects of the parallel market and the decline in its activity, while revealing the reasons for the decline in the exchange rate of the dollar against the dinar, and the importance of monetary policy and its imposition of a climate of stability at the general level.

Saleh said, in a statement reported by the official news agency and seen by Al-Iqtisad News, that “economic policy played a major role in imposing a climate of stability in the general level of dollar exchange rates,” indicating that “the state of superiority of the official exchange market in financing Iraq’s foreign trade caused... With the decline in the effects of the parallel market and the decline in its illegal activities.”

He pointed out that "the decline in parallel market rates in favor of the official exchange rate is a tangible success in the cohesion of the country's economic policy in its three aspects: financial, monetary and commercial," pointing out that "the work and high coordination of policies led to providing an incubator of stability embodied in relative price calm and the containment of seasonal price fluctuations." “For materials in high demand, specifically the provision of basic goods related to consumption and daily living for citizens.”

He noted "the importance of using the customs policy, which was represented by (reducing customs tariffs and diversifying imports without quantitative limits for basic and necessary goods) as part of the performance of the financial policy in providing price stability and ensuring the supply of materials, food and essential goods, and production supplies at the official exchange rate and in accordance with the requirements of the national economy."

 In addition to the high stability in bank financing for foreign trade for the private sector, which began to adopt the stable official exchange rates of 1,320 dinars per dollar in a wide and more flexible manner through the regularity and stability of financing operations.

He pointed out that "the demand for foreign currency for the purposes of financing the country's foreign trade, on the part of the private sector, is today backed by large foreign currency reserves, which are the highest in the country's history, reaching nearly 111 billion dollars today."

He continued, "These high foreign currency reserves reflect the country's annual trade efficiency of more than 16 months of import at least in light of the global standard for the commercial efficiency of foreign reserves, which is set at only about three months, and that the ability of these reserves to cover the exported currency is considered complete coverage in foreign exchange, which is an indicator of stability." Contains any existing or anticipated adverse price fluctuations.

Views 54  03/24/2024 - https://economy-news.net/content.php?id=41804

"RV UPDATE" BY MILITIAMAN, 25 MARCH

 Militia Man 

 Article quote:   "Iraq joins FEMOZA" It's the World Federation of Free Economic Zones.  Why is this important?  Iraq has accession to this...We have the accession law to join the European Bank and now we have the accession to the World Free and special economic zones federation.. .

Both of these entities are about finance and building new industrial cities.  If you don't think Iraq is going to go international, you might think again...

Article Quote: "Al Sudani of Iraq to the White House to coordinate common priorities and reinforce the strong bilateral partnership between the United States and Iraq.  The leaders will reaffirm the commitment to the Strategic framework agreement..."  I like that part they will reaffirm it so in other words, if they reaffirm it as it is the United States isn't going anywhere... Quote "Al Sudani of Iraq to the White House on the 15th of April." 

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Government spokesman: The Prime Minister will discuss 5 basic files during his visit to Washington, 25 MARCH

  Government spokesman: The Prime Minister will discuss 5 basic files during his visit to Washington

3/24/2024  Baghdad

On Sunday, the Iraqi government spokesman, Bassem Al-Awadi, detailed the agenda of Prime Minister Muhammad Shiaa Al-Sudani’s visit to Washington, while specifying 5 basic files that will cover the latter’s meetings with US President Joe Biden.

Al-Awadi said, in a statement reported by the official news agency, and seen by Al-Eqtisad News, that “the main topic of the visit of the Prime Minister, Muhammad Shiaa Al-Sudani, to Washington is to discuss the prospects for the future relationship after the international coalition, and then move to comprehensive relations between the two parties.” "Including the security, military and armament aspects."

He added, "The strategic framework agreement that was signed in 2008, the armament, security and military aspects were able to be the most important, but the framework is broader, so ending the mission of the international coalition will be the first file and then moving to comprehensive relations, and there is a complete legal basis in the agreement." 

He pointed out, "In 2008, the security, military, and intelligence aspects were implemented, but the move to various fields of cooperation includes investment, energy, economy, agriculture, and others, especially since the United States is a leading country in technology in all of these areas."

He pointed out that "among the files that will be discussed during the visit also are the financial file and what is related to the decisions of the US Treasury, the influence of Iraqi banks and the debts owed by Iraq, as well as the regional file and what is related to the Gaza war and Iraq's relations with neighboring countries and regional countries," stressing that " Five files will be basic and will cover the meetings in Washington.”

He stressed that "the Prime Minister does not want to go to Washington on a visit just for the sake of visiting, but rather he wants this visit to be successful and to produce realistic and effective results that will positively affect the Iraqi interior, reflect on the regional side, and develop the ABCs of the Iraqi-American relationship."

He noted that "the visit was scheduled to take place late last year, 2023, but the war on Gaza affected that, especially since the Iraqi positions are clear regarding the Gaza war, and the visit cannot take place at a time when the feelings of Iraqis and Arabs in general and the world are in solidarity and sympathize with the Palestinians, and therefore "It will lose its content."

He continued, "The American elections will begin next November, and usually American presidents, six months or more before the elections, refrain from receiving guests from abroad, and focus on the internal file, especially the elections. This year's elections in the United States of America are different from all previous elections, as nothing happened."

 In its history, a former president who lost in the elections returns, with a competition and a program different from the program of the Democratic Party, meaning that the American internal event has now occupied the American arena and the world with its repercussions, and thus, in light of this crisis, President Biden singles out a date for a meeting with the Iraqi Prime Minister, and interrupts his election campaign and mocks. "Several days for Iraq and the situation there, a clear indication of respect for the Prime Minister and Iraq's political and international standing." 

Regarding the seriousness of activating the strategic framework and scheduling the withdrawal of the international coalition, Al-Awadi said: “This file has been decided by the Iraqi and American parties, and the Iraqi government is 100% serious about this issue, and the Prime Minister cannot be flattering about this issue or debate it, as it relates to the future of Iraq and the sovereignty of Iraq.” The country is not manoeuvrable.

He stressed that "what the Prime Minister says is what he is working on, and he will discuss future relations after the international coalition, and the negotiations will lead to positive results and a timetable for withdrawal," stressing that "this fact cannot be doubted."

He pointed out that “Iraq has a position known to the world regarding the Gaza war, and the Prime Minister spoke about it in international, Arab and regional forums, and conveyed Iraq’s point of view and position on what is going on in Gaza,” noting that “the statement of the press secretary in the White House and the Prime Minister’s Media Office Regarding the Prime Minister’s visit to Washington, he pointed out that the regional reality in the Arab Levant region and our regional neighborhood affects Iraq.

He concluded by saying: “Iraq is a sovereign state, and the Prime Minister seeks for Iraq to play its appropriate role and position in proportion to its size in various historical, civilizational and humanitarian fields in the correct manner,” pointing out that “the American administration is working in this direction, and therefore regional issues will present at various levels.” LINK