Iraq and the U.S. Embrace Digital Transformation in Shipping Ports
Iraq and the United States are advancing their shipping port operations by integrating them into the Quantum Financial System, a move that underscores the nations' commitment to enhancing trade and currency valuation.
Digitalization in Iraq's Maritime Sector
Iraq is spearheading the digitalization of its maritime sector by planning to establish a maritime single window for its major ports, notably Um Qasr (North and South).
This initiative aligns with IMO's mandate, requiring all member states to use a one-stop digital platform to streamline information exchange among stakeholders involved in ship operations as of January 2024.
The implementation of a maritime single window system will significantly reduce time and costs, benefiting over 80% of Iraq's imported goods that pass through the Um Qasr ports. The system will eventually be extended to the Al-Faw Grand Port, scheduled for opening in December 2024, and other Iraqi ports.
Strategic Implications
The integration of Iraq's shipping ports into the Quantum Financial System and the digitalization efforts suggest a strategic shift toward enhancing economic ties and trade facilitation. This move could potentially strengthen currency valuation and improve the efficiency of maritime operations, positioning Iraq as a key player in regional trade.
Iraq and the U.S. are integrating their shipping ports into the Quantum Financial System, enhancing trade and currency valuation.
Highlights
🌍 U.S. and Iraq connect shipping ports to the Quantum Financial System.
🔗 Regulations align to facilitate smoother trade operations.
💻 Digital technology secures borders and enhances transaction efficiency.
📈 Currency values will reflect real trade activities, reducing manipulation.
⚙️ Export controls implemented to protect national security and economic interests.
🚢 Watch the waters: trade routes are pivotal for currency valuation
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💡 Iraq completes phase two of port digitization by September 2024.
Key Insights
🌐 Quantum Financial System Integration: The connection of U.S. and Iraqi ports to the QFS signifies a monumental shift towards digital trade, enhancing global commerce efficiency.
🔒 Digital Security: Utilizing advanced tech for border security minimizes human error and fraud, ensuring accurate transaction processing across nations.
💵 Valuation of Currencies: As countries transition to digital systems, currencies like the dinar will better reflect economic realities, potentially increasing their value.
📊 Export Controls: New regulations safeguard national interests while facilitating international trade, ensuring that sensitive technologies are monitored effectively.
🌊 Trade Routes Importance: Shipping ports are crucial for economic interaction; their digitization heralds a new era of seamless trade and currency movement.
🔄 Interoperability of Blockchain Networks: The ability for different countries’ digital systems to communicate will streamline cross-border transactions and reduce costs.
📅 Completion of Phase Two: Iraq’s progress in digitizing its ports by September 2024 showcases its commitment to modernizing its economic infrastructure and integrating with global markets.
Full Text of Al-Sudani's Speech at the Future Summit in New York 2024
As of September 23, 2024, the exact full text of Prime Minister Mohammed Shia al-Sudani's speech at the Future Summit in New York has not been directly sourced. However, insights from recent events and statements provide a context for what might have been discussed. [2]:url2.
Prime Minister's Participation and Agenda
Prime Minister al-Sudani attended the opening of the Future Summit on Confronting Future Challenges in New York. The summit, held on the sidelines of the 79th session of the United Nations General Assembly, aimed to address global challenges and foster international cooperation. Al-Sudani was set to deliver Iraq's speech at the summit, focusing on sustainable development indicators and advocating for productive diplomacy and international cooperation.
Iraq's Development Strategy and Diplomatic Approach
During the United Nations General Assembly, al-Sudani was expected to formally present Iraq's comprehensive development strategy.
This strategy encompasses a five-year plan and initiatives to adapt to climate change and combat the effects of global warming. Additionally, the Prime Minister aimed to leverage the global platform to communicate Iraq's policies and development strategies effectively, engaging in discussions on progress across multiple sectors.
Climate Initiatives and Energy Sector
Al-Sudani's speech likely highlighted Iraq's commitment to a developmental renaissance, including the "Zero Flame" initiative aimed at eliminating gas flaring. This initiative has been pursued for the past 23 months and has invigorated the oil, gas, and renewable energy sectors, setting Iraq on a transformative path toward a new era in energy production. The government targeted an increase in the utilization of flared gas from 69% to 75%, with aspirations to position Iraq among the world's top five gas producers.
Conclusion
While the precise transcript of al-Sudani's speech is not available, his participation at the Future Summit and the United Nations General Assembly underscores Iraq's dedication to sustainable development, international cooperation, and addressing global challenges. The strategies and initiatives discussed by the Prime Minister reflect Iraq's commitment to a future that is environmentally sustainable and economically prosperous.
Full Text Of Al-Sudani's Speech At The Future Summit In New York
Baghdad Today – Baghdad Prime Minister Mohammed Shia Al-Sudani stressed, today, Sunday, September 22, 2024, the importance of adopting clear strategies for using artificial intelligence in a safe and responsible manner to serve humanity.
Al-Sudani participated in the Future Summit, which was held in New York today, Sunday, on the sidelines of the 79th session of the United Nations General Assembly.
The summit aims to enhance cooperation on key challenges and bridge gaps in global governance, reaffirm existing commitments to the Sustainable Development Goals (Global Goals) and the UN Charter, and lay the foundations for more effective global cooperation that can address today’s challenges and emerging threats in the future.
He pointed out that "the political parties inIraqMost of them have military wings, and therefore there are justifications and power for the corrupt person present at the border crossings and protection from dismissal from his position or follow-up and monitoring of all his activities,” indicating that “the border crossings are one of the economic gates through which many corruption deals pass, including currency smuggling, money laundering and drug trafficking.”
He revealed that “every employee who seeks to report the existence of a corruption deal is exposed to dismissal, beating and continuous penalties, and some of them are physically liquidated.
There are cases that we have witnessed in previous years, and the best evidence is a police officer who was assassinated in a hideous manner and was thrown into a kerosene tank as a result of reporting oil smuggling at the crossings.BasraTwo years ago.”
He concluded by saying that “the companySumerI addressed directlyPrime MinisterWith more than 200 thousand barrels smuggled through the northern ports, stressing that "the Iraqi state is completely unable to control the border ports, which are one of the biggest doors to corruption." LINK
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: Welcome to another week of great expectations
Member: Well, we didn’t wake up to an RV, or am I just not awake yet? lol
Member: Good morning everyone, hoping that passing the HCL law will start the RV process.
Member: IMO-The HCL approval is in the missing Gazette... when they are ready they will post it.
Member: RV info was really lit up yesterday! from Iraq. HCL approved?
MZ: It saw a lot of movement over the weekend.
MZ: In Iraq: Pay attention to this one. “Al Alaq –We are constantly reviewing the deletion of dinar zeros and there are no restrictions on the balances in America” That part “No restrictions” is telling us that Iraq is in charge of its own money . In this article when you do a deep dive in it- they are doing exactly what they did in Kuwait with the terminology and phrasing and telling us it’s time to remove those zeros.
MZ: In Kuwait they greatly increased the value…they had to turn them in for lower denomination notes or deposit them in banks….
Member: If there are no restrictions on Iraq, why are we still waiting? I was not here during Kuwait, so not sure how this actually moves forward. Hard to not be numb to good news.
MZ: Those restrictions just suddenly disappeared.
Member: The fact that Iraq and the currency is in mainstream media is all I needed to calm down after over a decade of this speculation
Member: So we have to exchange our 25 k notes for lower denoms before we exchange?
MZ: No….That is how it worked in Kuwait
Member: Some are saying we have to exchange our big 25 k notes into lower denoms to exchange…….IMO exchanging the 25K bills into smaller bills is probably really just in Iraq as we don't got to the store to spend them
Member: Mark - when the zeros are deleted and the new lower currency is released in Iraq - is that notice to those outside Iraq to convert the $25,000 notes to the newer notes?
MZ: Now we go to another key piece…..”Tomorrow the launch of employees salary financing” That came out yesterday so it is today. Today they are getting paid. This is HCL (Hydro Carbon Law) stuff going on.
MZ: “Kurdistan deposits nearly 100 Billion dinars of its non-oil revenues in the Baghdad Treasury” IMO they would not be doing this if they were not done with HCL Look for an announcement at any moment.
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Member: "Sudani has gone to the US treasury to deliver a new exchange rate This time Sudani goes, not Alak !!!" - Frank 26
MZ: That is the Rumor….We have Sudani in New York and Al Alak (Governor of the CBI) is openly discussing deleting the zeros- which is kind of a first for him. And we have HCL movement in Iraq. There is big stuff going on
Member: Alaq announces pioneering financial sustainability map for Iraq’s banking sector???? That article today Mark? That’s got to be the RV!!
Member: Did your euro bond contact have his meeting on sat?
MZ: There is a lot of chatter on the bond side- but nobody has been paid yet. Funds did not release over the weekend like they hoped. We should get updates today to see where they are at in that process.
MZ: No update on CMKX but I was really hoping to see fines and penalties by now…but we have not.
Member: I heard as of today, Canada will no longer accept the US Dollar, Hope this is true?
Member: simply lynn posted video saying on forex charts dinar is trading at $3.25 she posted it in her rapid updates yesterday via someone who works on forex
Member: I would jump for joy at that rate!!
Member: Oct. 1st. 159 countries to stop using the U.S.Dollar. This has to be huge .
Member: And Oct 1st is the first day of the new US fiscal year.
Member: I keep saying…!!! Nothing is going to happen until the new USTN is out !
Member: FYI - 100 days from today, we'll officially be in 2025.
MZ: Be aware a crippling port strike is scheduled to happen in a week on the east coast. A lot of food and paper goods come through those ports.
Member: A good time to stock up again on paper towels and toilet paper….lol
Member: Judy on the restored republic posted someone saying to sign up for the QFS now.
MZ: You cannot sign up for the QFS. Be careful there are a lot of scammers and misinformation out there. Also people pretending to be somebody else. Most of the scams are on telegram….we have changed our site to read only……and opening a discord sight which is free with no ads . The link is https://discord.com/invite/AxGE6k4pvx
MZ: I probably will soon also be leaving Twitch….that is another reason to use discord
Member: It’s really hard to stay positive with all these delays
Member: The day isn't over yet! Emails can come at any moment - keep the faith!
Member: Have a great day everyone…..see you all tonight
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