Article: "US support for Iraq’s reform steps.. Non-oil GDP indicators rise and exceed twice the population growth rate" They are clearly hammering the concept of Iraq's ability to reform her banking and financial sectors among the many other sectors, namely the non-oil sectors.
They have had a significant focus on the 6% growth rate in revenues...
There is also a focus on the international financial connectivity...Thus, with the focus they have on these topics we can see that they mean business..
Masoud Barzani to a parliamentary delegation: There is an opportunity to legislate the oil and gas law
9/25/2024
The President of the Kurdistan Democratic Party, Masoud Barzani, stressed that "the opportunity exists to legislate the oil and gas law to regulate the distribution of wealth."
Barzani expressed during his reception of a delegation from the Parliamentary Finance Committee today, Wednesday, according to a press statement, his desire to resolve the differences between the central government and the region, expressing his support for the Finance Committee's movement in this regard.
The meeting discussed, according to the statement, "the overall common conditions and ways to resolve the outstanding issues between the central government and the Kurdistan Regional Government in a way that establishes a new phase of cooperation, coordination and understanding based on respect for the Iraqi constitution."
The head of the committee, Atwan Al-Atwani, reviewed the files that the Finance Committee delegation came to discuss with the Kurdistan Regional Government, most notably the implementation of the provisions of the Federal General Budget Law, the oil and national wealth file, the localization of employees' salaries, border crossings, taxes and customs, and other issues related to the financial aspect.
He stressed "the Finance Committee's constant endeavor to find understandings that lead to radical solutions to the outstanding issues between the federal government and the region," stressing that "deferring the differences does not solve them, but rather increases their complexity."
Barzani praised the efforts of the Finance Committee, in terms of legislating laws, monitoring performance, and taking the initiative to end the differences.
Article: "A specialist details the negatives and positives of removing zeros from the Iraqi currency"
Quote: "Al-Mawsumi said...The process of removing zeros from the currency means replacing a new currency with the old currency with the aim of simplifying the accounting process between consumers,
and it is often resorted to by countries that suffer from high inflation and have become unable to deal with paper currencies of very weak value...Deleting zeros is an imaginary change in the value of the currency and does not change its purchasing power."
FRANK26: "SUDANI TELLS THE WORLD WE ARE OPEN FOR BUSINESS!!!"........F26
Prime Minister stresses Iraq's openness to all forms of constructive economic partnerships
9/25/2024
Baghdad
Prime Minister Mohammed Shia al-Sudani stressed, on Wednesday, Iraq's openness to all forms of constructive economic partnerships.
The Prime Minister's Media Office said in a statement, seen by "Al-Eqtisad News", that "Prime Minister Mohammed Shia Al-Sudani received in New York today, Wednesday, the CEO of Dubai Ports Company, Sultan Ahmed bin Sulayem, which is one of the most prominent companies specialized in managing ports in the world."
He added that "the meeting discussed aspects of cooperation and the possibility of benefiting from the extensive expertise available to Dubai Ports in the field of rapid transportation of goods and re-export, especially its extensive and successful experiences in transporting goods between Asia and Europe, where bin Sulayem expressed the company's desire to cooperate with Iraq in this field, as well as the possibility of forming partnerships with the private sector in various industrial fields."
The Prime Minister stressed - according to the statement - "Iraq's openness to all forms of constructive economic partnerships," referring to "Iraq's efforts to use the available capabilities to implement the Strategic Development Road project, which is among the priorities of the government program; as it represents an important pillar for the non-oil economy and an opportunity to develop infrastructure and provide thousands of jobs and employment opportunities."
“The goal of the census is developmental, economic and Kirkuk second in completing the numbering and inventory process”
So they are doing a full census in November to figure out which money goes where….
I do believe this occurs right after the HCL is wrapped up and the government can then distribute the new funds. I was told to look for a census…and now we are finally getting it.
EXCERPTS FROM MARKZ
MZ: Straight out of Iraq “ Iraq and Indonesia agree to visa exemption. “ Isn’t this kinda funny ? And Iraq recently signed something like this with Vietnam. Now Indonesia- who is a major trading partner-just like Vietnam. . What are the other currencies expected to go with them at the exact same time? It’s almost like they are going lock step and certainly are being good neighbors.
MZ: “ The goal of the census is developmental, economic and Kirkuk second in completing the numbering and inventory process” So they are doing a full census in November to figure out which money goes where ….I do believe this occurs right after the HCL is wrapped up and the government can then distribute the new funds. I was told to look for a census…and now we are finally getting it.
Mark plays a video with Sudani speaking in Arabic with English translation.
MZ: He is talking about Iraq going international ….and being international is a huge deal. I put a retweet of that speech on X.