Iraqi concerns over Trump’s victory: Ambiguities of US troop withdrawal resurface, 8 NOV

Iraqi concerns over Trump’s victory: Ambiguities of US troop withdrawal resurface

Shafaq News/ Prominent Iraqi politician and former lawmaker Mithal Al-Alusi stated, on Thursday, that the return of Donald Trump to the US presidency would prevent Iranian-backed factions from exploiting Iraq and the broader region by pushing for the withdrawal of American forces.

Al-Alusi noted to Shafaq News Agency that “Trump’s policies differ significantly from those of Biden, particularly in terms of curbing Iran’s influence in the Middle East and combating its armed proxies,” emphasizing that Trump would not take any serious steps to withdraw US troops from Iraq, “as doing so would allow Iran’s influence to expand in Iraq and the region.”

Al-Alusi further asserted that “Trump would take various measures, including economic sanctions, to counter Iran’s presence, and that US forces would remain in Iraq to prevent further Iranian expansion and the transfer of weapons from Iran to Syria and Lebanon.”

Meanwhile, the Iraqi Parliament’s Security and Defense Committee addressed concerns regarding the potential impact of Trump’s election victory on the US troop withdrawal process from Iraq. Committee member Ali Naama stated that “US policy remains consistent regardless of who occupies the White House.”

Naama explained that there is an agreement between Baghdad and Washington regarding the withdrawal of foreign forces, particularly US troops, with part of the US contingent scheduled to leave by mid-2025 and the remainder by the end of 2026. He stressed that “Trump’s victory would not alter this timeline, as the decision was made in coordination with US military institutions.”

Naama also clarified that any attempt by Trump’s administration to hinder the troop withdrawal would face strong opposition from both the Iraqi government and the people. “The Iraqi government is committed to sticking to the agreements made in official meetings, and any deviation from these plans would not be easily accepted.”

In the past 48 hours, Donald Trump’s victory in the US presidential election has sparked concerns over the future political, economic, and security landscape in Iraq. In his victory speech on Wednesday, Trump declared that he had won "a historic victory" and pledged to "end the wars" while reaffirming Republican control of the Senate.

REINALDO JC: "The dinar will return to the glory days" @DINARREVALUATION

 

Al-Sudani Directs Quickly To Abandon Paper Transactions At Customs And Adopt Electronic Transformation, 7 NOV

 Al-Sudani Directs Quickly To Abandon Paper Transactions At Customs And Adopt Electronic Transformation

 Politics | Yesterday, |  Baghdad Today – Baghdad  Today, Monday (November 4, 2024), Prime Minister Muhammad Shiaa Al-Sudani directed the immediate departure of paper transactions at customs and the adoption of electronic transformation.

 The Prime Minister's Media Office said in a statement received by "Baghdad Today", "Al-Sudani chaired a meeting to follow up on the procedures for automating work in customs, during which the detailed plan for implementing the second phase of the automation process was reviewed."

He added,  "The meeting witnessed a discussion of the mechanisms by which the process of transformation and automation takes place at border ports and crossings, where 11 crossings were completed, targeting the ports with the highest revenues and the most prepared to switch from paper to electronic transactions."

Al-Sudani directed, according to the statement, “to complete the laying of the optical cable and deliver it to all remaining crossings, in a way that contributes to the transfer of information and its availability at all ports,”

 reiterating his “emphasis on the importance of abandoning paper transactions at customs, and adopting automated electronic dealings, for the success of this program, which The government adopted it, as

 it is one of the most important axes of economic and administrative reform, and achieves efficiency, transparency, and simplification of procedures, as well as maximizing the state’s financial revenues.”  

https://baghdadtoday.news/261405-السوداني-يوجّه-بسرعة-مغادرة-التعاملات-الورقية-في-الكمارك-واعتماد-التحول-الإلكتروني.html    

ABOUT CITIBANK & JP MORGAN FROM FIREFLY, 7 NOV

 Frank26

  [Iraq boots-on-the-ground report]  

FIREFLY: Mr. Sammy said he has heard that Citibank and JP Morgan who have worked with Iraq for the last two years went to all the meetings...with the IMF, World Bank.

 It turns out Citibank have come out with something called CitiDirect program.  It's...so banks can exchange foreign currency and deal with 135 different currencies.  It is direct and all digital just like everything we're doing in Iraq...Mr. Sammy says these two banks will be leading the way but it will be banks all over the world too.  

FRANK:  You can't be a central hub at a program rate!

FIREFLY: IRAQ IS TAKING THE THREE ZEROS BILL TO PUTTING THEM IN AN ELECTRONIC PLATFORM

 

Central Bank Governor receives Azerbaijani Ambassador , 7 NOV

 Central Bank Governor receives Azerbaijani Ambassador

November 06, 2024

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received His Excellency the Azerbaijani Ambassador to Iraq, Mr. Nasir Mammadov.

During the meeting, they discussed cooperation relations between Iraq and Azerbaijan and ways to develop them to include various economic fields. His Excellency the Governor stressed the need to improve the nature of bilateral relations and expand the horizons of cooperation in the banking sector for the two countries, in addition to their positive impact on the economic, tourism and investment sectors.

He pointed out the importance of cooperation in terms of exchanging experiences and the process of transferring money to facilitate trade between the two countries.

For his part, His Excellency the Ambassador stressed the importance of economic relations with Iraq and the need to overcome obstacles to enhance and grow them, extending an invitation to His Excellency the Governor to visit Azerbaijan in preparation for future cooperation in the economic and banking fields.

Central Bank of Iraq
Media Office
November 6, 2024

https://cbi.iq/news/view/2707

IRAQ BANK FRIEND AKI UPDATE BY WALKINGSTICK, 7 NOV

 Walkingstick

  [Iraq bank friend Aki update]

Aki, where is he at? 

 Michigan. 

 What's he doing? 

Taking care of a bank...Also taking care of over 90 currency centers around Michigan.  

Why?  

Because of the Arab population in Michigan.  It's massive.  It's probably the largest of all the 50 states.  That's why Aki has his bank there.

 They used to have 130 trillion dinars in circulation.  They tell you now it's 100 trillion dinars...It will be trillions to billions.  

130...and now report at 100 trillion is a big clue of the direction of the exchange rate...The 100 trillion dinar they are talking about is the value of the IQD not the number of notes in circulation.  The difference is extremely important...The clue is it's going in the right direction of adding purchasing power to the country's currency.