There is an interesting article titled “PARLIAMENTARY FINANCE: THE PATH OF DEVELOPMENT WILL ACHIEVE A SHIFT IN THE COURSE OF TRADE EXCHANGE BETWEEN IRAQ AND THE WORLD”.
The Parliamentary Economic Committee member Yasser announced today, Thursday, the existence of a project to amend about 10 economic laws, explaining that the goal is to enhance trade, facilitate customs and tax procedures,
support the public and private sectors, and develop a real map for economic reform. Remember the article from the WTO telling us this is the last issue they need resolve?
In know, I know this news was from nearly 6 months ago, but now they are now getting it done.
Yes, Speedy Gonzales they are not…. lol..lol..lol. 😊
How do you value a country? What's it based off of? Their resources, right?
You got to do a collective analysis. You have to value it. There's been people as far back as 2003/2004 that worked on a feasibility study on the country of Iraq. One of those people was in Central Coast California.
I know that for a fact because I wrote a letter to the gentleman that wrote the feasibility study...We've been watching it ebb and flow ever since...I didn't get involved until about 2010...
The IMF...198 page document that showed $3.22, I went, wow, that's what they potentially could reinstate at? I'm like wow. Okay, now it's time for me to pay attention. That's why I'm here.
The Development Road Project is going forward whether you like it or not.
Iraq is going International, they just haven't yet. They're not on the Forex but are they going to be there? I think they're going to be there...quite soon.
Article: "Al-Mashhadani announces the approval of the majority of deputies to his nomination for the post of Speaker of Parliament"
Now it is waiting for a vote. Let’s see how long that takes...
I do believe the optics of having all three presidents in place when they fully open the doors to the world with their real effective exchange rate, will or would be well accepted globally. Investors would likely see it as security and stability.
FRANK26: "SUDANI CALLS HIS PEOPLE BACK TO IRAQ."..............F26
Al-Sudani confirms the government's pride in the sons of Iraq wherever they are in the countries of the world
8/28/2024
Prime Minister Mohammed Shia Al-Sudani stressed the government's pride in the sons of Iraq wherever they are in the countries of the world.
A statement by his media office stated that Al-Sudani met, today, Wednesday, at his residence in the capital Tunis, with a number of members of the Iraqi community, on the sidelines of his official visit to the Tunisian Republic. "
Al-Sudani stated, in a speech during the meeting, according to the statement, the government's pride in the sons of Iraq wherever they are in the countries of the world, and in what they possess of competencies, ties and experience, which can enhance the Iraqi economy and enrich Iraqi institutions in all sectors."
He pointed out the importance of enhancing the image of Iraq abroad, as well as the community's contribution to strengthening ties between Iraq and Tunisia, and facilitating the development of available opportunities for productive economic partnerships, which can support the economies of the two countries.
The Prime Minister also touched on the commonalities between the two countries, especially in public positions, and the convergence of views on fateful issues, and everything that enhances stability in the Arab and Islamic worlds.
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
.
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.
