DINAR REVALUATION REPORT: "IRAQ HAS BEEN ACTIVELY ATTRACTING INTERNATIONAL ATTENTION WELCOMING FOREIGN INVETMENTS, 8 SEPT

 Iraq's Economic Recovery and Opportunities

In recent commercials circulating on television in September 2024, Iraq is portrayed as a stable and secure destination for international investment. 

These advertisements highlight the country's openness to global companies, emphasizing the rapid pace of international interest and engagement. 

Despite the absence of Alaq, a prominent figure in Iraq's financial landscape, the country has been actively attracting international attention. 3

 Iraq, heavily reliant on oil revenues, has been working to diversify its economy and create a more resilient fiscal framework. The commercials reflect Iraq's efforts to project an image of stability and security, showcasing its readiness to welcome foreign investment . 4

Strategic Framework Agreement and U.S.-Iraq Relations

The commercials come at a time when Iraq is seeking to redefine its relationship with the United States. Prime Minister al-Sudani's visit to Washington, accompanied by a large delegation, underscores Baghdad's desire to shift the focus from military engagement to economic, educational, and cultural exchange. 5 This strategic move is part of Iraq's broader goal to foster a comprehensive partnership with the U.S. that extends beyond security concerns.

Challenges and Opportunities

While the commercials present an optimistic vision, Iraq faces significant challenges. The country must address issues such as governance, infrastructure, and security to fully capitalize on its economic potential. Moreover, managing domestic and Iranian pressures regarding the presence of U.S. troops remains a delicate task for al-Sudani's administration. 5

Conclusion

The commercials on global partnership and economic stability reflect Iraq's ambitious aspirations to reposition itself on the international stage. By highlighting its openness to foreign investment and its commitment to a multifaceted relationship with the U.S., Iraq aims to attract the attention of the global community. However, realizing these ambitions will require addressing internal challenges and navigating complex geopolitical dynamics.

LATEST FROM FIREFLY: NEW COMMERCIALS ON TV ABOUT THE STABILITY AND SECURITY OF THE ECONOMY OF IRAQ, 8 SEPT

 Frank26 

  [Iraq boots-on-the-ground report]  

 FIREFLY:New commercials on TV about global partnership and stability and security of our economic future. 

 One after another commercials are saying we are stable and secure and how we are open for International companies to come in and invest in Iraq...The whole world is pouring in...This is happening at a very fast pace and we don't even have Alaq here in our country.  

Frank26   

[Iraq boots-on-the-ground report]  

 FIREFLY: Saleh on TV right now and he just told us that the project to delete the zeros is ruled out at this present time... Then he turns around and says we need to reduce the amount in the budget from trillions to billions and then ends the conference talk by saying many have called for the removal of the three zeros which would increase the dinar...We are both in shock and stunned because he said one thing and then he said another thing. 

 FRANK:  What he's telling you is exactly right...it doesn't make any sense...This is B.S.  It is a lie...Trust me, nothing is stopping the purchasing power that is coming to you Iraqi citizens.  Nothing...China did the same thing back in the 90s...They came out with a full page article in their newspaper saying there were not sign to increase the value.  3 days later they increased the value. This may be the same scenario.  A diversion for speculators.

==

Frank26  

 [Iraq boots-on-the-ground report] 

  FIREFLY: Alaq in the United States of America means very little for us in the sense   of a rate change.  It is more for the banks to try to get their situation straightened out and no more sanctions.  

FRANK:  I agree to a certain point but I also disagree to another point.  

IMO this meeting in New York may not release a new exchange rate but it is definitely part of the monetary reform. 

  This meeting will accomplish steps that are necessary to release the new exchange rate. 

Your banks have to be stable and secure and free from the corruption of parliament and they must be ready for the new exchange rate.  That's what they're doing. 

https://dinarevaluation.blogspot.com/2024/08/firefly-frank26-this-meeting-in-ny-it.html

Iraq's Central Bank Ends Electronic Platform for Foreign Transfers

Parliament asks the Finance and the Central Bank to set a timetable for the transition to electronic payment by the end of 2024, 8 SEPT

 Shafaq News / A member of the Parliamentary Finance Committee on Saturday was that the bank’s decision to establish the National Company for Electronic Payment Systems in Iraq represents a step in the right direction for the development of the Iraqi financial system.

A member of the committee, Moeen Al-Kazimi, told Shafaf News that the government and the central bank are working today in the direction of developing the financial sector through citizen awareness campaigns relying on electronic payment instead of cash, as is the one in the countries of the world and the region.

He added that relying on electronic payment contributes to combating corruption and eliminating the phenomenon of administrative and financial corruption, especially in state departments and institutions, and that there is a government directive for service departments to rely on electronic payment in paying tax fees and services provided to citizens.

Al-Kazimi revealed a parliamentary request for the Ministry of Finance and the Central Bank to determine a schedule until the end of the current year, and dealing with electronic payment instead of cash, all government departments and institutions, especially in service departments and public traffic.

https://www.shafaq.com/ar/اقتصـاد/البرلمان-يطلب-من-المالية-والبنك-المركزي-تحديد-جدول-زمني-للانتقال-لى-الدفع-ال-لكتروني-نهاية-2024

LATEST FROM WALKINGSTICK, 8 SEPT

 Walkingstick 

 All the executive levels of the banks in Iraq are going to sit down with the governor of the CBI Alaq and receive instructions on the new currency next week.  

Walkingstick 

  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.

--

 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.

https://dinarevaluation.blogspot.com/2024/08/lower-notes-yes-they-are-coming-out-by.html

🚨 Breaking News: U.S. Greenlights Iraq's International Status! 💵

DINAR REVALUATION REPORT: US and Iraq Reach Agreement on Coalition Forces Withdrawal, 8 SEPT

US and Iraq Reach Agreement on Coalition Forces Withdrawal

On September 7, 2024, it was reported that the United States and Iraq have reached an agreement on the withdrawal of Coalition forces from Iraq. 1  3 The deal, which still requires final approval from both governments and an official announcement, would see hundreds of coalition troops leave Iraq by September 2025, with the remainder departing by the end of 2026.  4

Background and Negotiations

Formal talks on the status of the approximately 2,500 US troops in Iraq began in January 2024 but were delayed amid tensions over Israel’s war on Gaza. 2 According to sources, the agreement was initially scheduled for an announcement weeks ago but was postponed due to regional escalation related to Israel's military actions in the Gaza Strip and to clarify some details.  5

New Advisory Relationship

The US and Iraq are also seeking to establish a new advisory relationship that could see some US troops remain in Iraq after the drawdown. 1 This would allow for continued cooperation in military, security, economic, and cultural spheres. 3

Phased Withdrawal

Under the deal, all coalition forces will withdraw from the Ain al-Asad airbase in western Anbar province and significantly reduce their presence in Baghdad by September 2025. Operations will continue in Erbil, Kurdistan, until late 2026. 3 This phased drawdown aligns with Iraq's goal to shift towards bilateral cooperation with the coalition.

Official Announcement

An official announcement of the agreement could be made as soon as this month. 3