DINAR REVALUATION

Sunday, September 1, 2024

Fouad Hussein discusses with the US Ambassador the details of the international coalition conference against ISIS in Washington, 1 SEPT

Fouad Hussein discusses with the US Ambassador the details of the international coalition conference against ISIS in Washington

Iraqi Deputy Prime Minister and Foreign Minister Fuad Hussein discussed with US Ambassador to Baghdad Alina Romanowski on Saturday the details of the international coalition conference against ISIS, which will be held in Washington next month.

The Iraqi Foreign Ministry said in a statement, a copy of which was received by Kurdistan 24, that "Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein received today, Saturday, August 31, 2024, the US Ambassador to Iraq, Alina Romansky."

The statement indicated that "during the meeting, the ongoing negotiations regarding a ceasefire in Gaza and sending aid, especially medical aid, to the Strip were discussed."

He added, "The military operation carried out in the Anbar desert was referred to, which resulted in the neutralization of 15 ISIS terrorists. The minister praised the joint cooperation between the Iraqi and American forces and the success of this important operation."

He added that the meeting "touched on the conference of the international coalition against ISIS scheduled to be held in Washington early next month, and Iraq's participation in it. It is worth noting that this coalition includes 87 partners, and was established primarily to fight the terrorist organization ISIS in Iraq and Syria, and the conference will be at the level of foreign ministers of the participating countries."

The statement concluded by saying, "The United Nations General Assembly meetings to be held next month, which will be attended by dozens of world leaders, were discussed. The role of the two countries in these meetings and the required coordination between them to hold bilateral meetings on the sidelines of the participation of the two countries' delegations in New York were also discussed." link

STATUS OF THE RECENT VISIT OF IRAQ TO UNITED STATES BY GOLDILOCKS, 1 SEPT

GOLDILOCKS

Iraq just visited the United States on August 26 to 29, 2024. It was a high level negotiating team that met with JP Morgan, the US Treasury, Federal Reserve Bank, visa, mastercard, moneygram, Citibank, as well as International auditing firms such as KPMG, E&Y, K2i and Oliver Wyman.

One of the values of a meaning such as this includes trade facilitation. International auditing standards help to facilitate trade and support economic growth. Every international negotiator knows how to factor currency rates into agreements with their foreign business partners.

Part of the discussion dealt with moving from an electronic platform to a virtual bank whereby a Direct Banking relationship can occur. Direct banks, also known as branch-less or virtual banks, offer their services online, through mobile apps, email, and other electronic means.

Another portion of the conversation moved towards International engagement through International correspondent banking such as the Swift system provides. A network of international correspondent banks is a complex system of financial institutions that work together to facilitate global transactions.

Yes, this requires a stable exchange rate that can be used between countries in trade and foreign currency exchange. These determinations are a part of supply and demand ratios factored in through trade.

The people invited to this meeting was no accident. It was a negotiating team ready for action. It was a meeting to discuss "the requirements necessary to open their accounts with international correspondent banks." This transition is expected to occur by the end of this year.

This moves Iraq from a supervisory role with the United States to a more independent nation with their own rules and regulations to guide their financial agreements around the world. Yes, this is the information have been looking for for long time.

Watch the water.

https://cbi.iq/news/view/2660

https://www.negotiations.com/articles/international-transactions/

Iraq's Investment Law: Big Changes Ahead!

@DINARREVALUATION

DINAR REVALUATION REPORT: Iraq's Parliamentary Economy Committee Discusses Amending the Investment Law, 1 SEPT

Iraq's Parliamentary Economy Committee Discusses Amending the Investment Law

In September 2024, Iraq's Parliamentary Economy Committee convened to deliberate on amendments to the country's Investment Law. 1 The discussions centered around the need to enhance the law to attract more foreign direct investment (FDI) and bolster the private sector, which has remained weak. 1

Background on Iraq's Investment Law

The current Investment Law, No. (13) of 2006, was enacted to create a more favorable environment for investments in Iraq. 6 It established the National Commission for Investment, responsible for formulating national investment policies and granting investment licenses. 6 However, the law has faced criticisms for not being fully effective in stimulating investment, primarily due to bureaucratic hurdles and security concerns. 1

Proposed Amendments and Objectives

The proposed amendments aim to address the shortcomings of the existing law and to create a more investor-friendly environment.

Key objectives include: Simplifying the investment licensing process to attract more FDI.

Strengthening the role of the National Commission for Investment to better support investors.

Providing clearer guidelines on land use and ownership for foreign investors.

Establishing a dispute resolution mechanism to address investor concerns.

Challenges and Opportunities

Iraq's economy, heavily reliant on oil revenues, has been seeking diversification and modernization of its financial and banking sectors. 1 The proposed amendments to the Investment Law are seen as a critical step in this direction.

However, the country's political dynamics, corruption issues, and lack of basic services remain significant challenges. 1

Stakeholder Perspectives

Government: The new government, under Prime Minister Mohammed Shia’ al-Sudani. 1 is optimistic about the potential of the amended law to attract FDI and boost the economy.

Investors: Foreign investors have shown interest but remain cautious due to security concerns and the slow pace of reform. 3

Civil Society:There are concerns among civil society groups about the transparency and accountability of investment deals, particularly in the upstream oil industry. 3

Parliamentary Economy Committee Discusses Amending the "Investment Law", 1 SEPT

Parliamentary Economy Committee Discusses Amending the "Investment Law"

The Iraqi legislative arena is currently witnessing intensive discussions about the fourth amendment to Investment Law No. 13 of 2006, as amended, in light of the significant expansion of investment activity in the country in recent years.

These discussions come within the framework of efforts aimed at improving the investment environment and addressing the gaps in the current law.

In a press interview followed by “Economy News”, member of the Economic Committee, Diaa Al-Hindi, confirmed that the proposed amendment is “important and necessary” due to the many problems that the current law suffers from, explaining that “the current law requires fundamental amendments in several aspects, including the mechanism for selecting heads of bodies and members of the board of directors in bodies, in addition to the conditions for granting and withdrawing investment licenses, additional extensions, and grievance procedures.”

Al-Hindi pointed out that the amendment seeks to address those issues that the current law did not adequately address, which negatively affects the investment climate in Iraq. link

" I WAS JUST ADVISED TO BE ON ALERT FOR THE NEXT 24-48 HOURS" BY TEXAS SNAKE, 1 SEPT

TEXAS SNAKE

Fri. 30 Aug. 2024 Texas Snake
“I was just advised to be on alert for the next 24-48 hours as news we expect was about to be released.”

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TEXAS SNAKE

Tues. 27 Aug. 2024 Texas Snake: “I can confirm Farm Claim payments as well. There is positive movement.”

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TEXAS SNAKE

Will read all your posts and hopefully the banker will have something positive I can share with y'all tomorrow.

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TEXAS SNAKE

Nothing to share just wanted to let you folks I was still around

TEXAS SNAKE

Well folks everything remains very positive for our anticipated event so continue to pray this event in for the sake of the world's economy as well as each of us participants. GOD Bless each member.

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TEXAS SNAKE

Banker indicates many positive items are pointing to Thursday, we shall see.

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TEXAS SNAKE

AUGUST 03

love this room now, Leaves TS to be free to speak, admins never jump in cause issues and people have continued to come in and all seem to keep to the subject, truly the room has become what we all wanted it to be.

It is presently 3:10 AM in Bagdad Monday morning and additional info is coming forward over and above what was shared on the Conf Call I was included in last night. Still very encouraged about tomorrow in US as well as this coming week.

You are correct it will be Monday when the banker calls me in the morning.

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AUGUST 06

Well foiks truly wish I had something to report but with all the NDA;s being issued it is much harder to obtain anything of value.

AUGUST 07

Things are in positive motion folks hang in there, NDA's are the issue at present for status of our benefits to be realized but it is days not months

AUGUST 09

Texas Snake, [08/09/2024, 9:13:08 p. m.]:

While due to the many NDA's that those who have provided info to me has resulted in the limited info I can share we are still in a positive situation to realize our objective. Wish I could share more of the particulars but cannot risk their safety.

Gonna be an early night forme as I need tp prepare a men's breakfast for our church in the morning but will open for a bit for you folks to share anything you may have.

LATEST REPORTS OF TEXAS SNAKE:

RV UPDATE BY TEXAS SNAKE, 4 AUGUST

https://dinarevaluation.blogspot.com/2024/08/rv-update-by-texas-snake-4-august_01843290374.html

RV UPDATE BY TEXAS SNAKE, 2 AUGUST

https://dinarevaluation.blogspot.com/2024/08/rv-update-by-texas-snake-2-august.html

"WE ARE CLOSER EACH DAY" BY TEXAS SNAKE, 1 AUGUST

https://dinarevaluation.blogspot.com/2024/08/we-are-closer-each-day-by-texas-snake-1.html