Monday, September 23, 2024
Prime Minister meets Kenyan President in New York, 24 SEPT
Prime Minister meets Kenyan President in New York
9/22/2024 Baghdad
Prime Minister Mohammed Shia Al-Sudani stressed the need to enhance mutual diplomatic representation between Iraq and Kenya.
The Prime Minister's media office stated in a statement received by Mawazine News that "Prime Minister Mohammed Shia Al-Sudani received at his residence in New York, today, Sunday, the President of the Republic of Kenya, William Ruto, on the sidelines of his participation in the 79th session of the United Nations General Assembly.
During the meeting, they discussed bilateral relations between the two countries, supporting their frameworks in many fields, ways to consolidate joint cooperation, and everything that would enhance the interests of their peoples. The two sides also discussed the file of Kenyan workers in Iraq."
The Prime Minister referred to "the foundations of the relationship between Iraq and Kenya, which date back decades," stressing "the need to enhance mutual diplomatic representation and develop the level of fruitful economic partnership."
For his part, the Kenyan President praised "Iraq's pivotal role in the region and its efforts to enhance security and stability in it. He also expressed his country's desire to build the best relations between the two friendly countries in the economic and trade fields."
At the end of the meeting, the two sides exchanged official invitations to visit both countries, in order to develop bilateral relations at various levels and fields. LINK
LATEST FROM NADER FROM MID EAST, 24 SEPT
Nader From The Mid East
[Follow up to Nader's 3 weeks to exchange large notes to small notes post from 9-22-2024 below]
The only problem we all have here in America, Canada, Australia, England or wherever, you have to find a way to exchange that big bills to smaller bills. I'm talking about Iraq dinars, you change the 25,000 to 500s. This how is going to be. They're going to have the 1s, 5s, 10s, 25s, 100s, 250s and 500s. That's what they going to have...If you have 25,000 [note] it's going to be 25,000 dinar.
RV UPDATE BY NADER FROM MID EAST: " THEY'RE GOING TO REMOVE THE 3 ZEROS SOON", 23 SEPT
Nader From The Mid East
They're going to remove the 3 zeros soon... In 1990 Kuwait did the same thing...If you go back in that time and you find the article, you can read it, it's the same article come out, the big bills are going to be the same than the small bills...25,000 dinars they're going to count like 25.
What they did was the opposite, the whole opposite, the 25,000 become 25,000. They stayed 25,000.
When you go change your money [Iraqi dinars] this is what's going to having...You'll have three weeks to find a way to exchange your money to small category dinar. Once you change your money to small categories you guys safe. That's how it's going to work..
Prime Minister: We are working to support investments that aim to diversify the economy away from oil , 24 SEPT
Prime Minister: We are working to support investments that aim to diversify the economy away from oil
9/22/2024
Prime Minister Mohammed Shia Al-Sudani said that we are working to support investments that aim to diversify the economy away from oil, while focusing on the role of the private sector in providing job opportunities.
The Prime Minister stressed in his speech at the Future Summit on Confronting Future Challenges, which is being held on the sidelines of the 79th session of the United Nations General Assembly in New York: The need to give Iraq priority in climate financing as it is one of the most affected countries, and we have begun implementing our commitments stipulated in the National Contributions Document.
The Prime Minister also stressed the keenness to provide incentives to the private sector and invest in renewable energy projects, which reduces our dependence on fossil fuels and contributes to a more sustainable future. LINK
DINARLAND HIGHLIGHTS: CBI ANNOUNCED THE IQD RV, 24 SEPT
Summary
The Central Bank of Iraq today announced the revaluation of the Iraqi dinar, making significant progress towards alignment with international standards. Prime Minister Sudani confirmed the formation of a committee to adapt Iraq's banking system, which could signal a major change on the horizon. The elimination of the three zeros from the dinar is part of a monetary reform that seeks to simplify transactions and increase economic confidence.
HIGHLIGHTS: Important progress is being reported in Iraq in relation to aligning the banking system with international standards.
Frank 26 points out that Iraq is making more progress than he publicly shares.
Iraq's prime minister confirmed the formation of a committee to align the banking system with international standards.
The question is raised as to why Iraq would be aligning its banking system internationally while still operating at a program rate.
Alignment with international financial standards often precedes significant reforms, especially in terms of currency adjustments.
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Militia man suggests that Iraq is progressing towards a possible revaluation of the currency and the elimination of three zeros.
Militia man highlights Iraq's progress and the possibility of going to the international market soon.
The elimination of three zeros from the Iraqi currency is mentioned as an important step for the economy.
There is speculation about a revaluation to come, which could boost investor confidence locally and internationally.
Alak's role as governor of the Central Bank of Iraq in efforts to eliminate the black market and align the official exchange rate is highlighted.
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The dezeroing of the Iraqi dinar is part of a broader monetary reform plan to strengthen the economy.
The elimination of zeros seeks to simplify transactions and increase confidence in the economy.
This measure backed by real economic reforms is expected to improve the stability of the currency.
Iraq seeks to attract investors, improve economic independence and reduce pressure on the general budget and foreign reserves.
TRANSLATION IN SPANISH
Summary
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