Iraq is close to completing its money transfers electronically, the US treasury, bills, economic growth rate and are pleased.
The Prime Minister said Iraq is coming a long way in the financial banking reform file. You guys, they’re 5% away from completing the banking reform file and this will be finished at the end of this year.
When this is completed, the switch will be made to the corresponding banks systems in line with international standards.
Definitely great news!
GOLD 🚀
Wow! Gold breaks an all-time high record. $2684. Check it out!
US Secretary of State Anthony J. Blinken praised on Tuesday the steps of Iraqi Prime Minister Mohammed Shia Al-Sudani in the field of the Iraqi economy and modernization as well as the fight against corruption.
U.S. State Department spokesman Matthew Miller said in a statement that “Blinken met today with Iraqi Prime Minister Mohammed Shia Al-Sudani in New York, and the minister and the prime minister discussed urgent efforts to avoid further escalation of the conflict in the region.”
The two parties stressed the importance of the strategic partnership between the United States and Iraq, including the commitment to expand cooperation in the field of economic development and continue to build relations between our peoples. The two leaders stressed the joint vision of building a lasting security partnership that promotes regional stability, including continuing discussions on the transition of the military mission to the Coalition to Defeat ISIS in Iraq to ensure the defeat of ISIS.
He added that “Blinken stressed the need to reopen the oil pipeline between Iraq and Turkey to encourage continued foreign investment in the Iraqi economy and praised Iraq’s commitment to achieve independence in the field of energy by 2030. He also affirmed the United States’s support for the Prime Minister’s agenda to modernize the Iraqi economy, including combating corruption and financial sector reform, and the commitment of the United States’ continued efforts to support a stable Iraq, security and sovereign sovereignty for the benefit of the Iraqi people and the wider region.”
FIREFLY:On our television we're now seeing Kurdistan news on our television.
We are seeing the Kurdish news is now talking about Iraq is planning on a currency redenomination.
They're saying Iraq is going to delete the three zeros and this will bring value to the currency of Iraq and it will facilitate financial transactions.
FRANK: ...Does it get any better than that?! ...Re-denomination means they will replace the 3-zero note with lower notes because the new exchange rate will only work with the new lower notes they're about to give you.
Senior US Treasury Official and Iraqi Prime Minister Meet at UNGA 2024
A significant diplomatic engagement took place at the United Nations General Assembly (UNGA) 2024, where a senior official from the U.S. Department of the Treasury met with the Iraqi Prime Minister. This high-level meeting underscores the commitment of both nations to foster economic cooperation and address financial security concerns.
Significance of the Meeting
The U.S. Department of the Treasury, established in 1789, holds a pivotal role in promoting economic prosperity and ensuring the financial security of the United States. Its responsibilities include advising the President on economic and financial issues, promoting sustainable economic growth, and enhancing governance in financial institutions. Given its extensive duties, including the production of coin and currency, disbursement of payments, revenue collection, and managing the federal government's borrowing, the Treasury Department's engagement with Iraq signals a strategic partnership.
Economic and Security Implications
The Department also collaborates with other federal agencies, foreign governments, and international financial institutions to encourage global economic growth, improve living standards, and mitigate economic and financial crises.
Its involvement in national security through economic sanctions, targeting financial support networks of security threats, and enhancing financial system safeguards highlights the depth of its influence.
Enhancing Diplomatic Ties
The meeting between the senior US Treasury official and the Iraqi Prime Minister represents a critical step in strengthening bilateral relations. It reflects the shared interest in fostering economic stability and security in the region, potentially leading to collaborative efforts in trade, investment, and financial regulation.
Outlook for US-Iraq Relations
The successful meeting at UNGA 2024 lays the groundwork for future diplomatic and economic collaborations between the United States and Iraq. It is expected to open channels for dialogue on mutual interests, including trade agreements, financial reforms, and counter-terrorism financing.
Future Engagements
As both nations continue to navigate the complexities of global finance and security, the U.S. Department of the Treasury's engagement with Iraq will likely play a crucial role in shaping the future of their bilateral relationship. The meeting at UNGA 2024 marks a significant milestone in their diplomatic history, with potential long-term benefits for economic stability and security cooperation.
