DINAR REVALUATION REPORT: Boost in Confidence for Iraq's Banking System: A New Era of Global Integration, 5 SEPT

Boost in Confidence for Iraq's Banking System: A New Era of Global Integration

Recent discussions between Central Bank Governor Ali Al Alak and international stakeholders in New York have sent a wave of optimism through Iraq's banking sector. According to economic expert Osama Al Tamimi, these talks have significantly boosted confidence in the country's banking system and its international relations. This development is a crucial step towards Iraq's integration into the global banking system, paving the way for improved economic cooperation and stability.

Key Takeaways from the New York Meetings

• Boost in Confidence: The meetings have instilled a sense of confidence in Iraq's banking system, both domestically and internationally. This is a significant milestone, as it reflects the country's commitment to transparency and stability in its financial sector.
• Steps Towards Global Integration: Iraq is taking concrete steps towards joining the global banking system. This move is expected to enhance the country's economic ties with other nations, facilitating trade and investment.
• Improved Foreign Transfers and Dollar Sales: The discussions have led to the development of more efficient procedures for foreign transfers and dollar sales. This will simplify transactions, reduce costs, and increase the speed of international trade.
• Combatting Money Laundering: Efforts to develop robust systems to combat money laundering are underway. This is a critical step in ensuring the integrity of Iraq's financial system and aligning it with international standards.
• Future Cessation of Reliance on Foreign Correspondent Banks: Plans are in place to reduce reliance on foreign correspondent banks. This shift will enable Iraq to establish direct banking relations, enhancing its autonomy in international transactions.
• Direct Banking Relations: The eventual replacement of electronic transfer platforms with direct banking relations will streamline transactions, reduce costs, and increase the efficiency of international trade.
• Stability in the Exchange Rate: The local market is expected to experience stability in the exchange rate. This stability is crucial for attracting foreign investment, promoting economic growth, and reducing inflation.

Implications and Future Outlook

The outcomes of these discussions are far-reaching, with potential to transform Iraq's banking sector and its position in the global economy. By enhancing its banking system and integrating into the global financial framework, Iraq is poised to attract more foreign investment, promote economic growth, and improve the living standards of its citizens.

However, the success of these initiatives will depend on the effective implementation of the agreed-upon measures. Continuous dialogue and cooperation between Iraq's financial authorities and their international counterparts will be essential in navigating the complexities of global banking standards and practices.

As Iraq embarks on this new era of economic integration, it is clear that the country is committed to building a stable, transparent, and efficient banking system. This commitment is a promising sign for the future of Iraq's economy and its role in the global financial landscape.

NADER FROM MID EAST : INSIGHTS OF THE IRAQ NEWS !!, 5 SEPT

 NADER FROM MID EAST IRAQ NEWS INSIGHTS

Summary

Economic expert Osama Al Tamimi highlights that recent discussions by Central Bank Governor Ali Al Alak in New York boosted confidence in Iraq’s banking system and international relations.

Highlights

• Boost in confidence for Iraq’s banking system from US meetings. 💼
• Steps taken towards joining the global banking system. 🌍
• Improved procedures for foreign transfers and dollar sales. 💵
• Development of systems to combat money laundering. 🔒
• Future cessation of reliance on foreign correspondent banks. 🚫
• Direct banking relations replacing electronic transfer platforms. 🔗
• Stability in the exchange rate expected in the local market . 📈

Key Insights

• US Meetings Enhance Credibility: The discussions in New York have significantly increased trust in Iraq’s banking system among international stakeholders. 💬
• Global Integration Strategies: Iraq is making strides to integrate into the global banking framework, indicating long-term growth potential. 🌐
• Streamlined Foreign Transactions: Enhanced procedures will facilitate smoother foreign transfers and dollar transactions, vital for economic stability. 💳
• Anti-Money Laundering Initiatives: Focus on developing safeguards against financial crimes will strengthen the integrity of Iraq’s banking sector. 🛡️
• Reduced Dependence on Foreign Banks: By fostering local capabilities, Iraq aims to minimize reliance on foreign correspondent banks, retaining more economic control. 🔄
• Direct Banking Evolution: Transitioning to direct banking relations signifies a modernized and efficient banking landscape for Iraq. 📊
• Positive Exchange Rate Outlook: The anticipated stability in exchange rates reflects a strengthening economy and increased investor confidence. 📉

DINAR REVALUATION HIGHLIGHTS, 5 SEPT

 

@DINAR REVALUATION

DINAR REVALUATION HIGHLIGHTS, 5 SEPT

DINAR REVALUATION HIGHLIGHTS

Summary

Iraq is making slow but steady progress in digital payments and banking, with positive updates from the Central Bank and international recognition.

Highlights

• Central Bank meets with electronic payment firms, signaling progress in digital banking. 💳
• Wolverine confirms readiness for significant changes in the banking sector. ⚙️
• US Treasury praises Iraq’s advancements in financial control and stability. 🇺🇸
• Iraq’s Development Road Project aims to diversify the economy beyond oil. 🚧
• Iraq chairs the Group of 77 and China at the UN, showcasing international recognition. 🌍
• Increased training for foreign currency exchange indicates imminent changes. 📈
• Iraq maintains a stable credit rating, reflecting economic resilience. 📊

Key Insights

• The Central Bank’s meetings with electronic payment companies highlight a commitment to modernizing Iraq’s financial infrastructure. This shift toward digital payments is crucial for enhancing efficiency and security in transactions. 💻
• Wolverine’s announcement of readiness suggests that significant reforms in the banking sector are imminent, which could lead to a more robust financial environment. This preparedness may boost investor confidence. 🚀
• The US Treasury’s acknowledgment of Iraq’s progress in monitoring transfers underscores the importance of regulatory frameworks in stabilizing the economy and attracting foreign investment. Strong oversight is pivotal for economic growth. 📜
• The Development Road Project represents a strategic initiative to create a diversified income stream for Iraq, reducing reliance on oil revenues. This could lead to sustainable economic development and job creation. 🌱
• Iraq’s role as chair of the Group of 77 and China at the UN indicates its growing influence on the global stage, which may enhance its diplomatic and economic relationships. This recognition is a positive sign for international collaboration. 🌏
• The increase in foreign currency exchange training suggests that the banking sector is preparing for potential shifts in currency valuation, which could indicate upcoming economic changes and opportunities for investors. 💵
• Maintaining a stable credit rating reflects Iraq’s efforts to ensure financial stability, which is essential for attracting foreign investment and fostering economic growth. Stability is a key factor for investor trust. 🔒

What Happened Between Al-Maliki And The US Ambassador?, 5 SEPT

What Happened Between Al-Maliki And The US Ambassador?

Political | 07:01 - 03/09/2024   Mawazine News – Baghdad  Head of the State of Law Coalition, Nouri al-Maliki, confirmed to the US Ambassador to Iraq, Alina Romanowski, on Tuesday, that Iraq seeks to maintain its security and political stability as the upcoming parliamentary elections approach.

Maliki's media office stated in a statement: "Head of the State of Law Coalition, Nouri al-Maliki, received the US Ambassador to Iraq, Alina Romanowski, in his office."

He added, "During the meeting, views were exchanged on the developments witnessed in the regional and international arenas, especially the efforts to stop the Zionist aggression on the Gaza Strip. A number of issues and files of common interest were also discussed."According to the statement, Maliki stressed "the importance of strengthening bilateral relations between the two countries, and activating the strategic framework agreement after the announcement of the international coalition's withdrawal from Iraq and the transition to comprehensive relations in various fields between Baghdad and Washington," indicating that

"Iraq seeks to maintain its security and political stability as the upcoming parliamentary elections approach, as the elections, which are expected to be held on time next year, will be important for all current parties."

Al-Maliki pointed out that "the region is witnessing a major crisis due to the continued Zionist aggression against the Palestinian people, which requires the international community to move to find solutions that end the Zionist aggression against the Palestinian people and the crimes committed against them."

The US ambassador renewed her country's support for the stability of Iraq, stressing "the continuation of dialogues between the two countries in order to enhance partnership projects in various important and vital sectors,"  

noting that "the United States continues its efforts with international partners to end the war in Gaza, provide aid to the Palestinian people, and end the crisis that the region has been experiencing since the beginning of last October."   https://www.mawazin.net/Details.aspx?jimare=254404 ‘

Coffee with MarkZ and the ATB. 09/04/2024

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good morning Mark, Mods, and all in our wonderful community.

Member: This would be a great day for some great news!!!!

Member: Today would be a wonderful day for an RV

MZ: I don’t even have to give you guys good news this morning  ….Just go watch Nader talking about the IQD in international markets and Al Alaq laying the foundation for good things coming.-RATE CHANGE

MZ: Also MilitiaMan did a really solid video on global partnerships and security and stability. Including dollars, income,  commercial and private applications…. Solid information. Be sure to go watch and share both of them. 

MZ: Things are going very well in Iraq. What does that mean timing wise? A number of my contacts over there are convinced we will see something in the next 2 days. Don’t ride the roller coaster…..just wait and see. 

Member: Do not unlatch your seatbelt until the ride has come to a complete stop

Member: I hope there is a picture at the top of the roller coaster that captures all of our smiling faces

MZ: Reno and Zurich have been exceptionally quiet this week. To me –that is very interesting. 

Member: I am making a guess that Mr. C will be paid by Friday

MZ: I would not be surprised if he were paid this week. 

Member: I cannot wait to prove to family and friends that I am not crazy for believing in all of this. 

Member: Thanks Mark and Mods……everyone have a wonderful day. 

Member: Have a wonderful safe day! Don’t worry!! We are almost there!! Breathe!! Ground! Live in Gratitude!!

ATB joins the stream today. Please listen to the replay for their information and opinions 

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

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Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

UPDATES ON THE IRAQ'S STRATEGY TO STABILIZE THE IRAQI DINAR, 4 SEPT

Summary

Updates on the Iraqi Dinar’s potential RV and upcoming U.S. gas investment discussions reveal optimism for Iraq’s currency and economic growth.

Highlights

• 🔥 Anticipation is high for the Iraqi Dinar RV, with many hopeful for tomorrow’s developments.
• 💰 Iraq is exploring partnerships with regional countries to stabilize and enhance its currency.
• 🌍 The oil minister’s visit to the U.S. focuses on attracting gas investments.
• 🚀 U.S. companies are being invited to invest in Iraq’s gas sector, promising growth and innovation.
• 🌱 Emphasis on sustainable practices in gas production aligns with global energy trends.
• 🤝 Stronger ties with the U.S. could boost Iraq’s geopolitical relationships.
• 📈 Investments may lead to knowledge transfer and job creation in local economies.

Key Insights

• 🔮 The upcoming RV of the Iraqi Dinar could signify a pivotal moment for investors, driven by rising anticipation and optimism surrounding its value. This potential shift may benefit many who have invested in the currency.
• 💡 Iraq’s strategy to stabilize its currency through regional cooperation highlights a proactive approach to economic resilience, suggesting that collaboration could mitigate risks associated with currency fluctuations.
• 🏗️ The oil minister’s outreach to U.S. companies signifies a strategic move to harness foreign expertise, potentially leading to innovations in Iraq’s gas sector that could enhance productivity and efficiency.
• 🌿 The focus on sustainable practices in gas investments reflects a broader global trend towards cleaner energy, indicating that Iraq is aligning its energy policies with international environmental standards.
• 🌐 Strengthening relationships with U.S. firms can bolster Iraq’s geopolitical stance, illustrating how energy partnerships can play a crucial role in shaping international relations and economic strategies.
• 📊 Local economic benefits from U.S. investments could foster a skilled workforce, enhancing Iraq’s domestic capabilities and ensuring long-term sustainability for its energy sector.
• ⛽ The potential growth of Iraq’s gas reserves presents an opportunity to elevate its position in the global energy market, attracting further investments and expertise that can drive future developments.