The video discusses Iraq’s monetary policy, focusing on currency localization and upcoming meetings to address salary distribution and economic stability.
Highlights
💼 Employee Salaries: Discussion on the ongoing crisis regarding employee salaries in the Kurdistan region and the need for localization.
📅 Key Meetings: Upcoming meetings between Iraqi finance officials and regional leaders to resolve salary issues.
📈 Monetary Policy: Insights into how open market operations will impact currency liquidity and Iraq’s economy.
🔗 Global Integration: Highlighting Iraq’s efforts for international currency integration and collaboration with global financial institutions.
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XRP Mention: Reference to XRP’s role in aiding Iraq’s financial transactions and the upcoming Discord channel for discussions.
Key Insights
🌍 Localization of Salaries: Localizing salaries through federal banks can streamline payments and improve transparency in employee compensation. This is crucial for economic stability.
🤝 High-Level Meetings: The involvement of top officials from Baghdad and the Kurdistan region indicates a serious commitment to resolving outstanding economic issues that affect citizens.
📊 Open Market Operations: Iraq’s open market operations can significantly influence monetary policy, affecting inflation control and economic growth by managing liquidity effectively.
💡 Technological Integration: The use of advanced technologies, including AI, in monetary policy management shows Iraq’s commitment to modernizing their financial systems for efficiency and transparency.
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International Currency Strategy: Iraq’s collaboration with global financial entities like JP Morgan and the integration of XRP signal a strategic shift towards international currency operations, enhancing global trade.
🔄 Banking System Overhaul: Proposed reforms in the banking sector aim to improve the efficiency of monetary supply and maintain price stability, which is vital for attracting foreign investment.
FRANK26: "AFTER 33 YEARS THE SWISS ALSO DO NOT PLAY WITH A PROGRAM RATE".........F26
To strengthen economic relations.. Reopening of the Swiss embassy in Baghdad
9/3/2024
Switzerland today reopened its embassy in Iraq, after a 33-year hiatus.
This step, which comes within the framework of the Federal Council's strategy for the Middle East and North Africa region 2021-2024, aims to strengthen bilateral relations with Iraq, and deepen cooperation in the fields of economy, security and migration.
The Swiss Federal Council confirmed in a statement followed by "Al-Eqtisad News" that "this step aims to strengthen bilateral relations with Iraq, and deepen cooperation in the fields of economy, security and immigration."
He added that "the security situation in Iraq has witnessed a significant improvement in recent years, and it has entered a new phase of economic development and is strengthening its role as a regional mediator.
He said: "Iraq is making continuous efforts to enhance peace and security in the region, and today it has more than 50 embassies from different countries in Baghdad, including Austria, France, Italy and Germany.
He added, "The new embassy will focus on strengthening relations between Switzerland and Iraq, enhancing cooperation in the fields of economy, security and peace, and promoting Swiss interests. . LINK
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Iraq renews partnership with Swiss global company Roche to enhance therapeutic capabilities
9/3/2024
Baghdad
The Ministry of Health announced today, Tuesday, the renewal of its strategic partnership with the Swiss company "Roche", explaining that this comes within the framework of the ongoing efforts to develop the services provided to the Iraqi citizen and to complete the plans to enhance health care and advance the sector in general and move towards digital transformation.
The ministry said in a statement received by "Al-Eqtisad News" that "Roche, the Swiss company, is one of the world's leading companies in the pharmaceutical industry. This renewal comes after a year of fruitful cooperation between the two parties, which witnessed the launch of several ambitious projects aimed at improving the quality of health care in Iraq and enabling citizens to access innovative and high-quality health services."
She added, "This renewal includes several pivotal points, including focusing on enhancing digital transformation in the Iraqi health sector, which comes through developing national digital tools and solutions, which aim to improve the health decision-making process and provide distinguished health care based on data and value.
It was also agreed to continue educational initiatives targeting local communities to raise awareness of the importance of early detection of diseases, which contributes to improving treatment opportunities and reducing the exacerbation of disease conditions, according to the ministry’s statement.
For his part, Minister of Health Saleh Al-Hasnawi expressed his happiness with the continuation of the partnership with Roche, noting that "this cooperation reflects the ministry's commitment to developing the health sector in Iraq, and benefiting from international expertise to provide health services that are in line with the highest international standards."
In turn, Ayman Haj Ibrahim, Director of Roche in Iraq, stressed that the company is committed to providing its best expertise and resources to support the efforts of the Iraqi Ministry of Health in advancing the health sector.
The Ministry of Health statement quoted Haj Ibrahim as saying, "The strategic partnership with the Ministry of Health is an important step in achieving our shared vision to improve health services in Iraq, and close cooperation between the two sides enables maximum benefit to provide integrated care solutions for the Iraqi patient."
This was confirmed by Dr. Ahmed Sami, representative of the Ministry of Health and General Manager of the General Company for Marketing Drugs (Kimadia), who commented by saying, “The healthcare sector in Iraq is witnessing great developments, and with the support of our global partners such as Roche, we are confident that we can achieve more achievements. Digital transformation and enhancing diagnostic capabilities are an integral part of our future plans, and we are committed to continuing to work with our partners to achieve the best results for Iraqi citizens.”
Roche operates in more than 100 countries around the world, leveraging its strengths in pharmaceuticals and diagnostics to provide integrated solutions that meet patients’ needs and enhance the effectiveness of health systems.
The company has successfully developed a distinguished group of medicines in various fields, including oncology, immunology, infectious diseases, eye diseases, central nervous system diseases, and others.
Legal expert: Restoring relations contributes to recovering funds smuggled from Iraq and held by Swiss authorities
9/3/2024
Legal expert, Counselor Salem Hawas, confirmed that the reopening of Switzerland's embassy in Baghdad is a door of international public law, which emphasizes the necessity of restoring diplomacy after its interruption, on the one hand, and contributing to reviewing the agreements on the extradition of funds and the extradition of fugitive criminals.
Hawas said in a statement: "The reopening of Switzerland's embassy in Baghdad, after an interruption and closure that lasted more than 33 years due to the Gulf War in 1991, is a positive indicator. These relations were supposed to be restored since the beginning of the fall of the regime, not after 21 years have passed, because it is a period of time that has missed the opportunity for Iraq, Iraqis, and the Iraqi judiciary to prevent the prosecution of criminals and public funds detained in Switzerland."
Hawass explained: "The Swiss Federal Council certainly aims, through this and through the reopening of the embassy, to strengthen bilateral relations with Iraq and consolidate cooperation in the fields of justice, economic law, security and immigration. Therefore, these important relations must be invested in the judicial, legal, constitutional and economic levels and resolve the file of smuggled funds from Iraqis and held by the Swiss authorities for more than 33 years."
Hawass explained,"What confirms the good intentions of the Swiss side is the delivery of three smuggled artifacts dating back to the Assyrian civilization, which are the statue of the Assyrian sun god, and two murals dating back to the Assyrian era before Christ," which in our estimation confirms good intentions, in addition to the delivery of ancient artifacts dating back to the legal Hammurabi Stele, which the Iraqi government received from Switzerland two years ago. This ensures the credibility of legal, judicial and constitutional dealings and the principle of reciprocity.
They got stability and security. Sudani has been bragging about it...Lift the three zeros has to do with the value, then not with the value, back and forth, back and forth, it has to do with the value and then, no it doesn't have to do with the value. The articles are contradicting.
They are lies. They are misleading with a purpose.
Walkingstick
Article: "Two conditions to achieve it .. Al-Sudani's advisor rules out removing 3 zeros from the currency"
These articles, this misleading, is intentional right now...Contradicting statements are found throughout all of these statements, all of these articles...The 25 note has to become a 25k note?
There isn't even a 25 note...When did Iraq last have a 25 note? Never.
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Walkingstick
[Iraqi bank friend Aki update]
Question:You're asking us why we are not talking to you about these [lower note] commercials. Can you tell us more about them?
AKI: Yes, they are coming out. This is the media campaign we told you about. It's getting faster and faster and louder and louder.
The purpose is to show the citizens the new lower notes and more information.
These commercials are coming out at any time now...Nothing is in the way to block this next step. It is a massive media campaign.
[[Iraqi bank friend Aki update]
New York is to remove the red tape that the United Nations is still holding on the banks of Iraq that are not participating in the monetary reform.
These sanctioned banks may stay sanctioned or be shut down completely.
It really doesn't matter to the monetary reform process but this is something that is needed to be done.
FRANK26: "THE UAE DOES NOT DEAL WITH PROGRAM RATES, STOP & THINK ABOUT THIS."......F26
Iraq moves towards signing comprehensive economic agreement with UAE
9/3/24
Baghdad
Prime Minister Mohammed Shia al-Sudani stressed, on Tuesday, the importance of continuing bilateral efforts towards signing a comprehensive economic agreement between Iraq and the UAE.
His media office stated in a statement received by "Al-Eqtisad News" that "Al-Sudani received today the new UAE Ambassador to Iraq, Abdullah Matar Al-Mazrouei."
The statement added, "The meeting witnessed discussion of bilateral relations between the two countries, which are progressing at various levels, and ways to enhance distinguished cooperation in many fields, in a way that achieves common and mutual interests between the two brotherly countries."
Al-Sudani referred to "the efforts made by the UAE to enhance its cooperation with Iraq, especially in the strategic development road project, which constitutes a link between Iraq's neighbors and the countries of the region, in addition to its long-term economic importance."
He stressed "the importance of continuing bilateral efforts towards signing a comprehensive economic agreement between the two countries."
