"IMPORTANT IRAQ NEWS: UN IDENTIFIES IRAQ INVESTMENT OPPORTUNITIES" BY MNT GOAT, 11 JUNE

UN IDENTIFIES IRAQ INVESTMENT OPPORTUNITIES

The United Nations Development Program (UNDP) has issued a new 49-page report on investment opportunities aligned with Iraq’s Sustainable Development Goals (SDGs) in target markets and sectors.

The report identifies investment opportunities in the following areas:

Food Processing

Mid-tech Greenhouses

Specialty Dairy Products

EdTech Platforms

Low-fee Private Schools

Education Infrastructure

Utility-scale Solar Farms

Solar-based Green Energy Solutions

Railroad Infrastructure

Pharmaceuticals Production

Social Housing

Water Resource Management Solutions

Flaring Solutions

Early Childhood Development

Advanced Healthcare Services

In a statement announcing the report, the UNDP said:

“The collaborative effort between the Republic of Iraq’s Ministry of Planning (MoP), the United Nations Development Program (UNDP) in Iraq, and UNDP Istanbul International Center for Private Sector in Development (ICPSD) has led to the development of “Iraq’s SDG Investor Map”.

“This flagship product marks the culmination of an in-depth report on investment opportunities and conditions aligned with the Sustainable Development Goals (SDGs) in target markets and sectors.

“This comprehensive map presents profitable investment opportunities that meet sustainable development needs and national policy priorities. It leverages the development priorities of the previous National Development Plan and aims to inform the upcoming new National Development Plan covering 2024-2028.

“The Iraq SDG Investor Map adopts a holistic approach to sustainable investments in the country, encompassing climate resilience, social cohesion, economic diversification, reconstruction, and the revitalization of the manufacturing sector. It employs an SDG-sensitive investor lens to encompass all regions of the Republic of Iraq.”

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

"RV UPDATE" BY MILITIAMAN, 11 JUNE

  Militia Man 

 You kind of need the IMF article VIII compliance and that's what we're waiting for which is a real effective exchange rate.  I think these guys are about ready to expose that.  I think al-Sudani...Alaq from the Central Bank of Iraq all of them have this in their eyes to see this come to fruition and very quickly...

Anybody going with Sudani is going against the mafias and going against those that are going to have their dollar auctions dry up.  

They're going to have lots of different little things happen to them that are going to be painful.  Anybody that's holding the dollar when they change the exchange rate...those exchange companies, 197 banks that got tagged by the central bank...

they're going to have a painful experience because if you're not large on the dinar and you own dollars and Alaq drops the three zeros, those guys are going to have a painful situation... They've been warned.  They've been open about stopping the dollar auctions in Iraq for this year...

https://dinarevaluation.blogspot.com/2024/06/rv-update-by-militiaman-10-june.html

Vietnam Dong investors it’s your time 🔥Vietnam Dong rate and Rv latest u...

FINANCIAL INCLUSION IN IRAQ: A SUCCESS STORY THAT DEFIES THE ODDS, 11 JUNE

FINANCIAL INCLUSION IN IRAQ: A SUCCESS STORY THAT DEFIES THE ODDS

In the wake of the American invasion of Iraq in 2003, the financial system collapsed and the phenomenon of hoarding money spread, as a result of the loss of confidence in the banking sector after the closure of most branches of foreign banks operating in Iraq, and the faltering of some local banks.

To address this crisis, the Iraqi Deposit Insurance Company began establishment procedures in 2008 with the aim of protecting depositors’ funds and enhancing their confidence in the banking system, which is vital for achieving sustainable economic development.

The company has achieved remarkable success in its mission, as it has witnessed a significant increase in the number of bank accounts and the size of deposits since its establishment. In 2009, total deposits in Iraqi banks amounted to $8.05 billion, and this number rose to $76.5 billion in 2021. This significant increase is largely due to the company’s efforts to enhance confidence in the banking system and encourage citizens to save.

This significant increase in deposits clearly reflects the effective role played by the company in stimulating the culture of savings and encouraging citizens to deposit their money in banks instead of keeping it at home. These numbers indicate that the Iraqi Deposit Insurance Company is on the right track towards achieving its strategic goals, which are enhancing financial stability and reducing the phenomenon of hoarding, and thus contributing to advancing economic growth in Iraq.

"RV UPDATE" BY MNT GOAT, 11 JUNE

  Mnt Goat 

 Iraq...when ready, they will drop the three zeros and give the citizens so many days to turn them in the old three zero notes for exchange of the new lower currency denominations. This exchange will most likely be electronic. It will be a 1:1 exchange but not like many think...

I DO NOT mean one dollar for one dinar. I mean, for instance, a 25k note for a new 25 note. This is the 1:1 the CBI has talked about many times. Yes, the dinar may revalue first in-country to just over a dollar, but this is still not what the CBI meant by 1:1 in the past...the VALUE of the dinar has always been there...only when they drop the three zeros it becomes more manageable and nominal.  The VALUE is still the same.

The electronic systems are taking hold...This will allow the shrinkage/withdrawal of the tangible currency notes from the market that is needed in the process to Delete the Zeros...a critical part of it...

I can remember hearing as far back as 2010 from Dr Shabibi the importance of the electronic banking effort and its advantages to the process. Yes, they MUST shrink down the currency mass...if you shrink down the monetary mass than what is left will be worth more.

🔥 Iraqi Dinar 🔥Focus On New Exchange Rates, Lower Notes, and Economic T...

"IMPORTANT IRAQ NEWS : INTECH IN IRAQ: HOW IS IRAQ RESHAPING ITS FINANCIAL FUTURE? : WITH " FINANCIAL INCLUSION IN IRAQ" BY MNT GOAT, 11 JUNE

INTECH IN IRAQ: HOW IS IRAQ RESHAPING ITS FINANCIAL FUTURE?

Financial technology (FinTech) has become a major driver of innovation in the global banking sector, providing innovative solutions to facilitate financial services and increase their efficiency.

In Iraq, banks have begun to adopt these technologies, which has contributed to improving customer experience and expanding the scope of financial services provided. The Iraqi Deposit Insurance Company plays an important role in supporting this trend, as it is a pillar of financial stability, by encouraging banks to adopt financial technology and providing a regulatory environment supportive of innovation.

Financial technology has demonstrated its ability to enhance financial inclusion in Iraq, as it can provide affordable and accessible financial services to wide segments of society, especially in remote and rural areas. Through mobile applications and online banking, individuals and businesses can access a variety of financial services, such as money transfers, paying bills, and obtaining loans, without having to visit bank branches.

The Iraqi Deposit Insurance Company is working to enhance the use of financial technology in Iraq, through cooperation with banks and financial technology companies to develop innovative solutions that meet the needs of the Iraqi market. The company is also working to provide the necessary regulatory framework to ensure the security and safety of digital financial services, and to protect consumer rights.

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