Iraq
I wholeheartedly believe PM Al-Sudani needs to make a in-country televised announcement & inform the Iraqi citizens that they have major purchasing power now with the increase rate of the Iraqi dinar currency & in country celebration.
(it’s been 20+ years in the making)
I would really want it to just pop up on the CBI website than International forex as a changed increased currency but I don’t believe that would happen first without…
Iraq Prime Minister Al Sudani/CBI will not let this major opportunity just slip by without him/them taking full credit & providing Iraqi Citizens their blessing 1st in celebration, plus its major political points for him & ally’s for re-election purposes…They want to look good 360 worldwide!!!
(just thinking out loud this sunday)
Al-Alaq: The monetary situation in Iraq is very excellent and the launch of Riyada Bank is imminent
The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, revealed the imminent launch of the “Riyada” Bank to support small and micro enterprises, while expressing his optimism about the country’s monetary position despite the region’s circumstances.
Al-Alaq said in an interview with the official newspaper, followed by "Al-Eqtisad News" on the sidelines of his participation in the activities of the Arab Sustainable Development Week (fifth edition) held in Cairo recently, that "Riyada Bank will be contributed by Iraqi banks and supported by the Central Bank itself in order to diversify the production base, reduce unemployment levels, and provide basic pillars for sustainable development with the support of specialized international organizations." The Green Bank
He added that "the Central Bank is adopting an initiative to finance the purchase of solar systems and license the (Green Bank) to be the first bank in the region to specialize in green financing and renewable energy projects as part of confronting the challenges of climate change," explaining that he announced this in a session on (the role of central banks in climate change) which was held in Cairo.
He pointed out that "the Central Bank adopts an unconventional monetary policy that is not based solely on achieving monetary stability using its traditional tools - although this role has priority as a fundamental pillar in achieving economic stability and providing a stable and attractive environment for the business sector and local and foreign investment - as the changes and challenges facing the world and their effects on the national economy require a broader role and new tools to avoid risks and create appropriate and stable conditions, and among those challenges are climate change."
He explained that "the Central Bank of Iraq agrees with the view that climate change has direct effects on the economy, as natural disasters, drought and famine cause a decline in economic growth rates, displacement, unemployment and poverty, which calls for central banks to play a role in confronting the resulting risks, in order to maintain acceptable levels of sustainable development.
" Stability indicators.
The Governor of the Central Bank of Iraq added that during the Cairo session, he provided a detailed explanation of the development process in Iraq during the wars and unjust policies towards Iraq's resources and infrastructure, which led to serious declines in development indicators.
He pointed out that "with the decline of the last waves of terrorism in Iraq and the achievement of security stability, indicators of economic stability began to grow, and local and foreign investment began to take an upward path. The Central Bank of Iraq achieved several basic factors in general stability by combating and controlling inflation, maintaining high foreign reserves, as well as through its initiatives to stimulate economic sectors and provide a safe environment and freedom of movement for investments."
Al-Alaq explained that "the experiences of countries have proven the pivotal role of small and medium enterprises, and therefore the Central Bank pays great attention to this issue," pointing to "the roles required and expected from central banks in the face of climate change challenges; including ensuring financial stability by assessing the risks associated with climate change that require monitoring and developing tools to measure them and conducting climate tolerance tests that simulate the impact of climate events on the economy and the financial sector, and encouraging green financing by including environmental, social and governance standards in lending and investment policies,"
Explaining that "the Central Bank of Iraq is implementing these standards in the banking sector with the support of the UNDP, as well as encouraging banks to finance environmentally friendly projects," noting that "monetary policies can be amended to take into account the long-term impact of climate, such as including climate-linked securities in open market operations."
Regarding his participation in the "Sustainable Development Conference" in Cairo, Al-Alaq said: "It is an annual event held by the League of Arab States in cooperation with international and local partners. The title of the current edition was (Sustainable Solutions for a Better Future).
Among its activities was the launch of the first-of-its-kind High-Level Regional Forum on Investment and Sustainability. The forum aims to address the challenges and opportunities related to investment and sustainability in light of global economic trends, climate change and regional fragility. It also aims to create a dialogue platform between governments, investors, banks and development agencies to promote sustainable investment.
We participated with a working paper at the conference."
Digital Transformation
Regarding the digital transformation that the Central Bank of Iraq intends to implement, Al-Alaq said: “There is a broad program, which has a major national dimension for us, which is the digital transformation, which is one of the government’s priorities in cooperation with the Central Bank, and we are working together and with direct support from Prime Minister Mohammed Shia Al-Sudani, to provide the requirements for this transformation, which constitutes a fundamental pillar of the digital economy in general.”
The Governor of the Central Bank stressed that "the government is moving towards diversifying production to advance the banking sector and financial policy, and it is setting programs to achieve the goal and to be aware of international, regional and local circumstances - which are keys to dealing with and proposing programs and plans that are compatible and in harmony with all these circumstances - and there is diversification and strengthening of the national economy, so that the banking sector is active when there is a diverse production base
." Al-Alaq acknowledged that "as a country, we suffer from the fact that the main economic activity is the oil sector, and in connection with the transformation of oil resources into the trade sector primarily instead of employing them locally to serve development goals and diversify the production base, and this calls for the necessity of activating the banking sector by providing the necessary financing to establish real projects in the basic economic sectors, especially in the industrial and agricultural sectors and other sectors," indicating that "this trend will lead to reducing dependence on oil resources, as well as providing means for real employment and growth."
Monetary Stability
Regarding the impact of regional tensions on monetary stability, Al-Alaq said: “The monetary situation in Iraq is (very excellent) at the present time in terms of controlling inflation and the high adequacy of foreign reserves, which enables the Central Bank to remain stable, defend the exchange rate, and achieve monetary stability, despite the circumstances surrounding the country and the region,” indicating that “the reserve covers our needs, and this is what distinguishes the Central Bank of Iraq compared to other central banks in the region.”
At the end of his interview with “Al-Sabah,” Al-Alaq confirmed the Central Bank’s success in implementing the transition plan for “foreign transfers, in line with international practices and standards, and that they are currently being carried out smoothly and transparently - especially covering imports at the official exchange rate - which leads to general stability in prices.
As for personal transfers and the use of cards outside Iraq, their system is being developed to ensure their fluidity, and an agreement has been reached with all relevant companies regarding new mechanisms to enhance the relevant accounts.” link
💢🔸15 PROJECT CATEGORIES which were approved by President Trump.
💢These are additional projects which they will have listed -- or if you do not have projects but want to help by donating to a category on their list.
This is what I've been referring to when I say, you can donate funds to the Alliance and still get contract rate without you actually being the frontrunner and managing your own projects.
Some folks don't feel led to do a lot of work or have increased oversight - and that's perfectly ok.
Do what your heart tells you.
1) Energy
2) International / American business
3) Violence / Crimes
4) American Indians / Refugees
5) Housing
6) Technology / Space
7) Agriculture
8) Oceans / Waters
9) Health
10) Spiritual
11) Terrorist
12) Education
13) Finance / Banking
14) Veterans
15) Infrastructure
REMEMBER 💥💥 We recommend that you ask them to NOT invest in any of your Zim/funds to any projects linked to Aladdin, Carlyle or Black Rock as these, historically, have been Cabal companies.
You may ask at your appointment. ✨
A separate appointment just to discuss your humanitarian goals will be plausible / expected. They want the initial redemption / exchange appointments to be quick. More time will be granted for you to solidly discuss your humanitarian endeavors.
Iraqi government: Internal and external debts within safe limits
The Prime Minister's advisor for financial affairs, Mazhar Mohammed Salih, confirmed on Monday that Iraqi debts constitute only 35% of the gross domestic product
Saleh told Shafaq News Agency, "All of the outstanding internal and external debts still do not exceed 35% of our country's GDP, which means that they are within the safe limits of global economic stability standards."
He added, "We should not be too concerned about the issue of the internal public debt and its increase to more than 70 trillion dinars, which is within the standard limits for stability according to the European Union standards that allow the sovereign debt to reach 60% of the gross domestic product.
"
Saleh pointed out that "more than 90% of the domestic debt is held by the government banking system and is borrowing from within government funds and for the benefit of the federal general budget."
He added, "This indicates that the market is not concerned at all with domestic sovereign debts, as domestic debt represents operations within the government's balance sheet, so to speak, and does not pose any sovereign financial risks at all. The efforts of the financial and monetary authorities are combined to adopt a precise policy to achieve the common financial goals in the issue of financial consolidation, the basis of which is not to expand the annual financial deficit in the budget and to gradually reduce the size of the sovereign debt balance to the gross domestic product."
The Central Bank of Iraq revealed that domestic debts rose in 2024 to more than 73.3 trillion dinars link
IRAQ READY TO GO
The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alak, said that the country's monetary position is very excellent,
pointing out that there are no real fears of any economic crises occurring here or there
Al-Alak said in an interview with the official newspaper that "the monetary position in Iraq (very excellent) at present in terms of
controlling inflation and the high sufficiency
of foreign reserves,
which enables the Central Bank to be stable, defend the exchange rate,
and achieve monetary stability, despite the circumstances surrounding the
".country and the region
He pointed out that
"the reserve covers our needs, and this is what distinguishes the Central Bank of Iraq compared to other central banks
".in the region
He pointed out that "the central bank adopts an unconventional monetary policy, not only based on achieving monetary stability."
I wholeheartedly believe PM Al-Sudani needs to make a in-country televised announcement & inform the Iraqi citizens that they have major purchasing power now with the increase rate of the Iraqi dinar currency & in country celebration.
(it’s been 20+ years in the making)
I would really want it to just pop up on the CBI website than International forex as a changed increased currency but I don’t believe that would happen first without…
Iraq Prime Minister Al Sudani/CBI will not let this major opportunity just slip by without him/them taking full credit & providing Iraqi Citizens their blessing 1st in celebration, plus its major political points for him & ally’s for re-election purposes…They want to look good 360 worldwide!!!
(just thinking out loud this sunday)
