Foreign Minister Stresses To US Official The Importance Of Supporting The Financial And Banking Sector In Iraq

 Foreign Minister Stresses To US Official The Importance Of Supporting The Financial And Banking Sector In Iraq

Friday 12 July 2024 10:51 | Politics Number of readings: 140

Foreign Minister stresses to US official the importance of supporting the financial and banking sect 1140965-f2e1a470-176e-40d6-9b92-d542cad3318c

[rtl]Baghdad / NINA / Foreign Minister Fuad Hussein met with US Under Secretary of State for Political and Administrative Affairs John Bass in Washington.

The Foreign Minister stressed the importance of supporting the financial and banking sector in Iraq, with a focus on the challenges related to the use of the dollar in financial transactions.

A statement by the Ministry of Foreign Affairs stated: "The Minister stressed the importance of strengthening US-Iraqi relations in various fields and the common desire to expand political and economic cooperation between the two countries."

The discussion, according to the statement, covered several main topics, including Iranian funds in Iraq. In this context, the Foreign Minister touched on the issue of frozen Iranian funds in Iraq, and the need to find a quick and fair solution that serves the interests of both parties and enhances financial stability in the region.

Regarding the situation in Gaza, the Foreign Minister expressed his concern about the deteriorating conditions in the Strip, and also expressed his concern about the extension of the conflict to southern Lebanon. He stressed the importance of intensifying international efforts to stop the escalation and achieve peace in the region.

During the meeting, special focus was placed on strengthening economic cooperation between the United States and Iraq.

The Minister pointed out the importance of supporting the financial and banking sector in Iraq, with a focus on the challenges related to the use of the dollar in financial transactions. He stressed the need to find solutions that enhance the stability of the Iraqi economy and contribute to achieving sustainable growth. He also stressed the importance of continuous dialogue and close cooperation to achieve common goals and enhance stability and development in the region.

https://ninanews.com/Website/News/Details?Key=1140965

RV UPDATE BY MARKZ, 13 JULY

 MarkZ 

  [via PDK]  Article: “Plenty of room for Vietnam to bolster exports to US” A great little piece about how they have room to greatly improve exports to the US and help that void we are getting in the Chinese markets. And we continue to hear they need to raise their currency…as it is under valued.

 …everything is done and they are waiting for a “go”....I am hearing the same thing from the banks and group leaders. Hearing the same thing from Iraq…and from military contacts over here...the same thing from all contacts...I will take as a positive.

 MARKZ
Wed. 10 July 2024 MarkZ

 “It is busy on the Bond side, but no one is talking. A number of my Bond Holder contacts have gone quiet. One said he was told he would be liquid  this week.”

 Sat. 6 July 2024: “More and more sources are telling me that serious money movement and us moving towards the banks somewhere around the weekend of Fri. – Mon.  12th-15th. No one knows the exact timing but they are certainly preparing lots of bank contacts for that time period.”

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“Vietnam targeting Q3 GDP growth of 6.5%-7%, inflation below 4.5% PM says” And this is just the third quarter. They are obliterating the US…this is big…and they are under pressure to raise their exchange rate.

[Reference Frank26 post 7-8-2024 re: HCL below]   I will agree with that. And it certainly matches with some of the news I got from Iraq today. I was told from day one that when we see the HCL…within hours - we will see the new rate.

My contact in Iraq works in a government position. He has made the comment that they have a new rate…and will activate it soon. That comes directly from Iraq. 

https://dinarevaluation.blogspot.com/2024/07/latest-from-markz-11-july.html

Iraqi Dinar Revaluation Rumors True? What Bank Employees Are Saying!"

Rafidain: The Digital Transformation Plan Is Proceeding According To The Set Schedule

    Rafidain Bank announced the implementation of the comprehensive banking system in the Baladruz branch in Diyala Governorate, stressing that the digital transformation plan is proceeding according to the scheduled timings.

The statement said, “In implementation of the government program to move from paper transactions to electronic transactions to provide the best services to citizens, Rafidain Bank announces the implementation of the comprehensive banking system in the Baladruz branch in Diyala.”[/size]

The statement added that the Baladruz branch “has thus joined the branches that have activated the comprehensive system in Baghdad and the governorates, in addition to the border crossing branches (Zurbatiyah - Safwan - Arar - Trebil), so that the number of branches that have implemented and completed the system has become 32 branches, in an important step to strengthen the banking system and achieve its requirements and leave paper work and move completely to electronic systems.”

He stressed that “the digital transformation plan and the adoption of the comprehensive banking system are proceeding according to the set timetables to include all bank branches in the implementation of the system, especially since the priorities and adoptions of the government program include electronic transformation in financial transactions, reducing the circles of routine for citizens, shortening time, simplifying procedures, overcoming obstacles, and intensifying efforts to improve the level of services provided to customers and completing their transactions.  LINK

RV UPDATE BY WOLVERINE, 13 JULY

 Wolverine 

  [via Judy Byington]  

I have been told the Codes are inserted, already locked in. It is imminent now that we will be blessed. I cannot tell you the rest as it is confidential...This is coming right from the top. All is coming to fruition as we have dreamed for many years...get ready as that Green Light is just around the corner.

--

WOLVERINE

Wed. 10 July 2024 Wolverine

 A note Wolverine placed in the Chosen One Room: “Today I was told that notifications will commence today. Please check your emails.”

Wed. 10 July 2024 Wolverine News Bulletin Report to Mr. Helders, Ruben Baz:“I just found out that Reno will begin the trade  today (Wed. 10 July). Europe will follow tomorrow

 (Thurs. 11 July) and payments will begin on Mon. 15 July.

 Please pray that there are no further delays. The 12 platforms will open tonight (Wed. 10 July) in Reno and tomorrow (Thurs. 11 July) the six platforms in Zurich. 

Contracts will be sent over the weekend and money to spend on 

Mon. 15 July. 1 billion Sow letters sent on Tuesday 16 July and sovereign buyers begin on  Wednesday 17 July.”

Reno is imminent, and we are just about to cross the finish line and will start releasing funds soon. They are having a big meeting tomorrow.  We will know when it happens.

I have been told the Codes are inserted, already locked in. It is imminent now that we will be blessed. 

I cannot tell you the rest as it is confidential, but for you, just know to get ready. This is coming right from the top. All is coming to fruition as we have dreamed for many years.

I am going overseas pretty soon – I cannot tell you where. I will be out of the picture for a while. I cannot tell you more. God bless you and just get ready as that Green Light is just around the corner.

I am much better with no pain, now. Thank you for all the private messages worrying about my health. I was just waiting to get that Intel I needed to get this news to you.  Have a beautiful day! 

Take care, Wolverine

https://dinarevaluation.blogspot.com/2024/07/latest-from-wolverine-11-july.html

💥IRAQI DINAR & VIETNAM DONG NEWS MUST WATCH💥 #iraqidinar #dinar #vietnam...

"WHY? (LOL)". BY FRANK26, 13 JULY

 KTFA

FRANK26: "WHY? (LOL)"..................F26

International Chamber of Commerce launches new office in Iraq

7/11/2024

The International Chamber of Commerce (ICC), headquartered in Paris, announced the expansion of its global presence with the official launch of a new office in Iraq.

ICC, founded in 1919 in Paris, has a network of offices in more than 170 countries, representing over 45 million businesses.

The ICC reported that the official launch of the ICC office in Iraq took place at the organization's global headquarters in Paris. The new office is expected to "advance the ICC's mission in Iraq and strengthen the voice of Iraqi businesspeople and chambers globally."

The report noted that ICC Iraq will add to the total number of ICC offices, bringing the count to 92 worldwide.

A delegation from ICC Iraq attended the official launch celebration in Paris, followed by a celebration at the Iraqi Embassy in the French capital.

ICC Secretary General John W.H. Denton was quoted as saying, "The context in which businesses operate today is marked by geo-economic and geo-political tensions giving rise to instability, uncertainty and new challenges in Iraq and beyond. Bringing our mission to Iraq will deliver real value for Iraqi business and the real economies in which they operate."

According to the report, "ICC Iraq will support ICC's institutional objectives for business to foster peace, prosperity, and opportunity for all through local commissions on arbitration and ADR, digital economy, intellectual property, and trade and investment."

The report highlighted that "ICC Iraq's founding members are Abdulrazaq Al-Zuheere, who serves as ICC Iraq Honorary Chair and President of the Federation of Iraqi Chambers of Commerce (FICC), Mohsin Al Hamed, Chair of ICC Iraq and Al-Asriya Group, and Ahmed Alyasiri, ICC Iraq Secretary General and International Organisation Consultant at FICC."

The report concluded by noting that ICC Iraq members, through their office in Iraq, will help shape ICC policies and alert governments to issues of interest to international business.

LINK