Article: "GOVERNMENT ADVISOR EXPLAINS THE POSSIBILITY OF USING THE DINAR INSTEAD OF THE DOLLAR IN OIL SALES"
This is a...VERY good article in that it talks about the risks associated with pegging the dinar to oil prices...Instead they plan to repeg to a “basket” of international currencies from the top developed nations.
This much less risky and is much more stable. Besides this is the Dr. Shabibi and IMF plan for Iraq
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Article Quote: "Will it be a fixed exchange system supported by foreign reserves or will it be a flexible exchange system in which the (petrodinar) changes with the change in oil prices?"
I luv this...it reinforces again they are NOT going to peg the dinar to the price of oil... Nonetheless this...tells us they know they must do something and do it soon!
Prime Minister Al-Sudani's Focus on Security and Development in Iraq
In a recent development, Prime Minister Mohammed Shia Al-Sudani affirmed that all parts of Iraq are enjoying security, and his government is concentrating on comprehensive development. This announcement came during his residence in the capital Tunis, where he hosted a distinguished gathering of businessmen, investors, and representatives from Tunisian companies and the private sector.
Al-Sudani's Visit to Tunisia: A Boost for Business and Investment
Al-Sudani's visit to Tunisia was aimed at strengthening economic ties and encouraging business and investment cooperation. The discussions with President Qais Saeed and Tunisian business leaders focused on expanding bilateral cooperation, particularly in the tourism sector, while also addressing the ongoing conflict in Gaza.
Security and Cooperation: Managing Internal and External Pressures
Al-Sudani is navigating domestic and Iranian pressure to reduce the presence of U.S. troops and the Global Coalition to Defeat ISIS. In response, Iraq and the United States established the Higher Military Commission (HMC) in August 2023 to reassess the operational environment and capabilities of the Iraqi security forces. The HMC's objective is to transition from the coalition's anti-ISIS mission to bilateral security relations between Iraq and the United States.
Economic Agenda and Development
Al-Sudani's government has been working on an ambitious economic and developmental agenda. Despite challenges, including the need to pass a national oil and gas law and amend amnesty laws, the prime minister has maintained a pragmatic approach to governance. This has been met with a relatively supportive stance from key political actors, who hope to address their issues through Al-Sudani rather than challenge him directly.
Navigating Regional Crises
As tensions in the Middle East escalate, Al-Sudani's visit to Washington in mid-April 2024 was expected to focus on the U.S. troop presence in Iraq and efforts to prevent further attacks on them by Iran-backed Shia militia groups. The Iraqi prime minister is keen to expand the relationship with the U.S. beyond security, aiming to boost U.S. investment in Iraq's economy and strengthen diplomatic ties.
Managing Regional Turmoil
Al-Sudani's visit to the U.S. came at a critical time, with heightened tensions in the Middle East due to the Gaza war spillover and the threat of Iranian retaliation for an attack on its consulate in Damascus. The U.S. has been urging Iraq and other regional partners to persuade Iran to exercise restraint following the killing of Iranian military officers in an April strike attributed to Israel.
FRANK26:"SUDANI TELLS THE WORLD IRAQ IS SECURE ESPECIALLY TO THOSE THAT ARE LYING ABOUT IRAQ!!!"..........F26
Al-Sudani: All parts of Iraq enjoy security and the government is concerned with comprehensive development
8/28/2024
Prime Minister Mohammed Shia Al-Sudani received, at his residence in the capital Tunis, this evening, Wednesday, an elite group of businessmen, investors, and representatives of Tunisian companies and the private sector.
Al-Sudani expressed his thanks and appreciation to the President of the Tunisian Republic and the Prime Minister for their hospitality and reception, which reflects the depth of the fraternal relationship between the two brotherly peoples, indicating that important and constructive discussions were held, complementing the meeting of the Iraqi-Tunisian Committee three months ago, which represented the starting point on which this visit and its outcomes were based.
He stressed the keenness to meet with the private sector and Tunisian businessmen, which was a main axis of the discussions that took place today with the Tunisian government, and the reference to the business environment and available opportunities, whether in Iraq or Tunisia for Iraqi businessmen and companies, and the agreement on joint investment and trade exchange between the two countries.
The Prime Minister pointed to the promising opportunities available in various sectors, stressing that Iraq has overcome all security challenges after the great victory over terrorism, and that all its regions enjoy security and stability, which made it easy for the government to focus its attention and priorities on comprehensive economic development, investing in Iraq’s natural and human resources, geographical location, and market that accommodates all needs.
Al-Sudani discussed the government's steps in the field of economic reform, enhancing the attractive business environment, and offering opportunities and projects in all sectors, stressing the government's readiness to provide facilities and assistance to the Tunisian private sector, according to an agreed-upon working mechanism.
Al-Sudani to OPEC Secretary General: Iraq is committed to the organization's production policies
Prime Minister Mohammed Shia Al-Sudani received today, Thursday, the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais.
According to a statement by the Prime Minister's Office, a copy of which was received by {Euphrates News}, the meeting addressed "issues related to the oil market, with what the region is witnessing, which represents the main source of oil to the world, and the importance of coordinating joint efforts between all member states of the organization, in a way that maintains the sustainability and stability of oil prices, and does not harm exporters and consumers."
The Prime Minister stressed that
"Iraq, as one of the largest oil exporting countries in the organization, always declares its commitment to the general policies of the plans adopted by OPEC countries regarding production, or what is determined within the framework of the OPEC Plus agreement."link
