Iraq ranks 2nd largest importer of Jordanian industries in H1 2024
Shafaq News / Iraq has emerged as the second largest importer of Jordanian industrial products in the first half of 2024, with imports valued at 364 million Jordanian dinars (JOD) (approximately $515 million), according to the Amman Chamber of Industry.
The Chamber highlighted that the total exports from Jordan amounted to 2.847 billion JOD during this period, a slight increase from 2.831 billion JOD in the same period last year.
The data revealed that the United States was the largest importer from Jordan, with purchases totaling 840 million JOD. Iraq followed with 364 million JOD, up from 310 million JOD in the first half of 2023. India ranked third with 344 million JOD, and Saudi Arabia was fourth with 329 million JOD.
The sectoral distribution of exports during the first half of 2024 included various industries. Exports from the mining sector were valued at 561 million JOD, while chemical industries and cosmetics accounted for 768 million JOD. Engineering, electrical, and information technology exports stood at 447 million JOD.
Exports in the food, agriculture, and livestock sectors reached 324 million JOD, while the medical supplies and pharmaceuticals sector recorded 268 million JOD. The leather and garment industry contributed 191 million JOD.
Other notable sectors included packaging, paper, and stationery industries with 114 million JOD, plastic and rubber industries at 123 million JOD, construction industries at 43 million JOD, and wood and furniture industries at nine million JOD.
These figures reflect significant growth in Jordanian industrial exports and highlight the strategic role of Iraq as a key market for Jordanian goods.
Good evening Wolverine, I’ve been informed, the the RV has begun, they sent me an official document a few days ago confirming the payment of historical bonds
Blessings my dear friends
Wolverine
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🇧🇷 We have entered the notification stage. And for the payment process to continue, two important channels must be monitored, your *CELL PHONE* and your *email* must be checked frequently.
First of all, it is important to know that you are paying for the T2 and T3 bands.
And your spreadsheets that are in the T4a range. And how is that? CMKX Contracts and the so-called *National Bonds* which are contracts composed of assets related to bonds not paid by their issuing countries, in the case of Brazil, TDAs and LTNs, Mexico, Aguias Negras, Zimbabwe Agrocheques and zimGolden, Germany German Bonds. ,
etc THEN, to settle these contracts, the countries will use their sovereign funds belonging to their T1 and D1 and D2 Funds, which have already been transferred to the payers who, at this point,
have already placed these sums in the QFS accounts on the Stellar. platform to participants in already approved contracts. AFTER this stage, the recipients who decided to DONATE values, as an action to distribute wealth and prosperity packages, will present their spreadsheets containing data on the BENEFICIARIES of these Human Resources, which we call SPREADSHEET.
What is the stage we are in right now. The paying platforms and commission agents verify everyone, one by one, and once released, the payers or the paying agent will notify the beneficiaries, who, after downloading their application and duly biometrically identified, will have access to the designated resources. .
*These procedures are not quick, so be silent and remain peaceful, we recommend that you review your post-reception plans in terms of security and emergency provisions, there may be blackouts and shortages soon. Remember, this is not a PARTY, it is a CHANGE OF CONSCIOUSNESS for the NEW ERA. Today is Friday, June 14, wait for your call, thank GOD for being part of this historic moment. Everything has already turned out well. Good day.
Shafaq News / Tracy Jacobson, U.S. President Joe Biden’s candidate for U.S. Ambassador to Iraq, gave her opening address to the Senate Foreign Relations Committee. In her speech, Jacobson expressed her gratitude to President Biden and the Secretary of State for their confidence in her candidacy for this vital position.
Jacobson, who has more than 30 years of experience at the State Department, confirmed that she will work closely with the commission to advance U.S. interests in Iraq.
“If my appointment is confirmed, my top priority will be to protect U.S. citizens and strengthen our bilateral partnership to support our common strategies and interests,” she said.
She referred to her previous experience as a U.S. ambassador to Turkmenistan, Tajikistan and Kosovo, as well as as a list of business at the United States Embassy in Ethiopia, stressing that these experiences made her more qualified to promote American interests in Iraq.
On security, Jacobson stressed the importance of strengthening the stability, security and sovereignty of Iraq, pointing out that ISIS remains a threat in the region.
She added: “Our military provides vital support to the Iraqi and Peshmerga security forces in the Kurdistan Region. Ten years after our troops returned to Iraq to fight ISIS, it is time for our military to move to a new role. I will ensure that any transition from Operation Inherent Resolve to a bilateral security arrangement is geared towards defeating ISIS and ensuring Iraq’s security.”
Jacobson also stressed the importance of Iraq strengthening its relations with its neighbors, noting the positive steps taken by the Sudanese prime minister in this direction.
Jacobson noted that having economic development, and a government capable of providing services to its people, reduces the attraction of terrorism and also reduces the influence of Iran-allied militias that pose a significant threat to the country’s future.
“Iran is a malicious representative of Iraq and destabilizing the region and we recognize that the main threat to Iraq is the militias allied with Iran,” she said.
Jacobson also confirmed that it will continue to support Treasury measures to modernize Iraq’s banking system, and stressed that it will not “allow Iran to use the supplied “gas” to operate the terminals as a weapon against Iraq.
On the other hand, Jacobson warned of “Iran’s evil intentions and its continued role in disturbing the security situation in the region,” stressing that “Iran-backed militias pose a great danger to Iraq’s stability, and that they will work with all available political means to counter this threat and limit Iranian influence.”
In the context of supporting Iraq, Jacobson announced its commitment to strengthening vital sectors such as energy and banks, with the aim of achieving Iraq’s independence and protecting it from external interference, and linking it to the global system to achieve sustainable development and promote economic stability.
It should be noted that this opening speech comes ahead of the vote to appoint Jacobson as the United States’s ambassador to Iraq, which represents a new strategic step in U.S. foreign policy towards the Middle East.
Jacobson concluded her speech by emphasizing her commitment to protecting American interests and working for the stability and security of Iraq if its appointment is confirmed.
On January 26, 2024, U.S. President Joe Biden announced his intention to nominate Tracy Ann Jacobson, for the post of Ambassador Extraordinary and Plenipotentiary of the United States of America to the Republic of Iraq, instead of Alina Romansky.
The CTCU operates within a decentralized ecosystem facilitated by a blockchain platform. Each authorized node within this ecosystem can issue settlement and payment units denominated in CTCUs. These units serve as a medium of exchange, unit of account, and store of value for cross-border transactions among BRICS nations.
The CTCU is pegged to a basket of assets to ensure stability and trust. Specifically, it is anchored to 1 gram of gold, with the remaining value equally divided between two currencies from BRICS countries.
This hybrid backing provides a robust foundation for the CTCU, mitigating the volatility inflationary devaluation typically associated with fiat currencies.
Example: Brazil’s Economic Transformation with the CTCU
Consider Brazil, a key member of the BRICS Alliance. By adopting the CTCU, Brazil can streamline its international trade processes and stabilize its economy.
Here’s how the CTCU can provide substantial value to Brazil and RV their currency:
1. Enhanced Trade Efficiency: Brazil imports a significant amount of goods from China. Using the CTCU, Brazilian importers can bypass the complexities and costs associated with currency conversion and fluctuating exchange rates. The CTCU provides a stable and predictable medium of exchange, reducing transaction costs and increasing trade efficiency.
2. Stable Value Retention: The CTCU’s value, pegged to gold and a basket of BRICS currencies, offers greater stability compared to the Brazilian Real, which can be subject to inflation and economic volatility. Brazilian businesses and individuals can hold CTCUs as a more reliable store of value, protecting their wealth from domestic economic fluctuations.
3. Improved Investment Climate: The introduction of a CTCU-based bond market can attract foreign investment into Brazil. Investors seeking stable returns can purchase CTCU-denominated bonds, providing Brazil with an influx of capital for infrastructure and development projects. This increased investment can spur economic growth and development.
4. Facilitation of Sanctioned Trade: In scenarios where Brazilian companies face trade restrictions with certain countries, the CTCU offers a viable alternative. Transactions conducted in CTCUs can circumvent traditional banking systems that are subject to international sanctions, allowing Brazil to maintain vital trade relationships without geopolitical constraints.
Any currency backed by and a part of the CTCU infrastructure would essentially RV upwards against the Dollar and other major fiat debt currencies.
Operational Mechanism
To utilize the CTCU, Brazilian companies would convert their local currency (Real) into CTCUs through authorized financial institutions. These CTCUs can then be used to conduct trade with other BRICS nations. For example, a Brazilian company importing electronics from China would pay the Chinese exporter in CTCUs. The Chinese exporter can then use the CTCUs to purchase raw materials from South Africa or invest in Russian energy projects, creating a seamless and efficient trade network.
Trust and Transparency
The decentralized nature of the CTCU ecosystem, supported by blockchain technology, ensures transparency and security. Each transaction is recorded on an immutable ledger, providing a clear and auditable trail of all CTCU movements. This transparency builds trust among BRICS nations and global investors, reinforcing the credibility and stability of the CTCU.
The Bottom Line
The CTCU represents a transformative leap towards a more stable and equitable global financial system. By addressing key economic challenges and providing a reliable alternative to fiat currencies, the CTCU can significantly enhance the long-term financial stability of BRICS nations. As Brazil’s example illustrates, the CTCU has the potential to revolutionize trade, investment, and economic growth within the BRICS Alliance, heralding a new era of financial freedom and prosperity.
Economical Baghdad: the mainstay of the emirate Economic affairs specialists called for the necessity of working to enhance non-oil revenues and reduce dependence on oil in a manner consistent with economic reforms. The specialist in economic affairs, Dr. Ahmed Al-Rawi, explained to “Al-Sabah” that “oil is affected by variables as it is one of the strategic commodities, regardless of supply and demand, and the factors affecting oil prices can be identified, including political, economic, and factors resulting from conflicts and security disturbances. Because of its international and strategic importance, oil is considered a
causal commodity.” For economic activity or even influencing political decisions that may lead to changing the positions of many countries towards rising prices.
Regarding public budgets, Al-Rawi believes that “it has become necessary to take practical measures regarding reconsidering public budgets away from rentier expectations and raising all forms of unnecessary public expenditures.” Activating non-oil revenue systems, such as the system of taxes and public fees, and revitalizing economic sectors so that the budget becomes capable of providing job opportunities for the young workforce and diversifying incomes, as well as developing oil production in proportion to spare capacity.
The expert called for achieving stability in the growth of the general budget by adopting a rate that is compatible with the annual growth rate of the gross domestic product and not making the development of the budget linked to oil revenues. For her part, the Dean of the Faculty of Business Economics at Al-Nahrain University, Dr. Nagham Hussein, explained in a statement to “Al-Sabah” that “not The stability of oil revenues generates complications in financial policy in the short and long term, and they are linked to a number of fundamental issues, including the relative importance of the oil sector in the national economy. Prices fluctuate, so the focus must first be on the long term and attention to the fair distribution of resources and burdens.” https://alsabaah.iq/98237-.html