FIREFLY: "WE HAVE TO SEE A NEW RATE WHEN CAME THE STOP OF CURRENCY AUCTION" @DINARREVALUATION

 

Iraq suspends official work to celebrate Victory Day, 4 DEC

 Iraq suspends official work to celebrate Victory Day

he Council of Ministers announced today, Tuesday, that official work will be suspended on December 10th in celebration of Victory Day.

He said in a statement,

 "The Council of Ministers decides to suspend official work on Tuesday, December 10, 2024, in all ministries and government institutions, in celebration of Victory Day and the anniversary of the liberation of the land of Iraq from the terrorist ISIS gangs."

MILITIAMAN CC HIGHLIGHTS NOTES, 4 DEC

 MILITIAMAN CC HIGHLIGHTS NOTES

Summary

Iraq’s Central Bank Governor asserts the country’s strong monetary position, emphasizing private sector growth and the cessation of government loans to boost economic stability.

Highlights

• 📈 Excellent Monetary Position: Central Bank Governor highlights Iraq’s strong financial standing despite regional tensions.
• 🏦 Launch of Riata Bank: New bank to support small enterprises, enhancing the economy.
• 🌱 Green Financing Initiative: Central Bank promotes renewable energy projects to combat climate change.
• 💳 Digital Transformation: Focus on electronic payments and digital banking systems for efficiency.
• 🚫 Stop on Government Loans: Early suspension of loans as fiscal year-end approaches to organize financial statistics.
• 🌍 International Trade Readiness: Development of insurance services for shipping to facilitate international commerce.
• 🛡️ Anti-Corruption Measures: Federal Integrity Commission working on new strategies to combat corruption and enhance investor confidence.

Key Insights

• 🌟 Strong Monetary Stability: Iraq’s low inflation and high foreign reserves position it favorably compared to other regional banks, fostering investor trust.
• 🔄 Transition to Private Sector: Emphasis on diversifying the economy away from oil reliance, signaling a commitment to sustainable growth.
• 🌍 Global Integration: The Central Bank’s international practices indicate readiness for increased foreign investments and trade relations.
• 🔍 Focus on Infrastructure: Significant investments in education and infrastructure through the private sector aim to boost local production and employment.
• 📊 Innovative Financial Solutions: The introduction of electronic platforms for insurance and banking services enhances operational efficiency and security.
• 👥 Community Involvement: The government’s collaboration with various sectors to address corruption enhances transparency, vital for economic confidence.
• 🔮 Future Economic Outlook: The combination of strong monetary policies, digital advancements, and anti-corruption measures creates a promising environment for Iraq’s economic growth.

RV, Zim Bonds BY JULIAN ASSANGE: ' RATES ARE EXTREMELY HIGH" ‪@DINARREVALUATION‬

 

The Central Bank is unique in signing a memorandum of understanding that enhances and protects its financial capabilities, 3 DEC

 The Central Bank is unique in signing a memorandum of understanding that enhances and protects its financial capabilities

The Central Bank of Iraq and (Frankfurt School _ Frankfurt School) in coordination with the German Agency for International Cooperation (GIZ) signed today, Tuesday, December 3, 2024, a memorandum of cooperation in the field of developing and improving the skills of its employees.

The Central Bank in its statement / received a copy of it /, indicated that "the project aims to strengthen public finance and financial markets in Iraq (FFM) and is funded by the European Union and the German government, under which the cadres of the Central Bank of Iraq will be trained in various specializations as well as work to obtain accredited professional certificates. Thus, the Central Bank is the first Iraqi institution to sign a memorandum of cooperation with (Frankfurt Schoo

MNT GOAT: "They must pass the law in parliament ", 3 DEC

 MNT GOAT

😊Another interesting article is titled “AFTER YEARS OF SUSPENSION… IS THERE NO NEED TO LEGISLATE THE “OIL AND GAS LAW”? 

In the article the talked about political conflicts that are escalating in Iraq, casting a shadow over the two-decade-old oil and gas law, disrupting efforts to regulate the exploitation of oil wealth and its distribution between the region and the central government.

 In this context, the member of the Patriotic Union of Kurdistan, Ghiath Al-Surji, explained on Wednesday, the reasons for not legislating the oil and gas law, noting that the need to legislate such a law has disappeared, especially after the issuance of judicial decisions regarding the oil and exports file. Of course the author is wrong in this opinion. 

Also do not forget about the recent agreements with Turkey, as the oil sold to Turkey was also a huge issue in formulating the law. But these issues should only help settle and not negate the necessity for the Oil and Gas Law. 

Yes, there is still a need to get the referendum passed in parliament. This is not me saying this, instead it is the Iraqi 2005 Constitution. We have also read countless articles over the years, especially more recent ones. 

The Oil and Gas Law referendum is REQUIRED by the Iraqi constitution, and they cannot just disregard it, poo-poo it if they so desire. 

The U.S. and the UN is not going to let them. They must pass the law in parliament and settle this decades long issue of having a sound law regarding this major part of the government revenues. 

Don’t you also think this would be a smart move too since they are still a rentier state?

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

Breaking News: Trump and Sudani's Game-Changing Call! BY FIREFLY @DINARREVALUATION