Saturday, December 14, 2024
US Secretary of State reiterates support for Iraq’s sovereignty, praises Iraq’s progress, 14 DEC
US Secretary of State reiterates support for Iraq’s sovereignty, praises Iraq’s progress
Shafaq News/ US Secretary of State, Antony Blinken, made an unannounced visit to Baghdad on Friday, accompanied by senior US military and diplomatic officials. He met with Iraqi Prime Minister, Mohammed Shia Al-Sudani, to discuss regional stability, the ongoing crisis in Syria, and counterterrorism efforts.
During a statement to the press, Blinken praised Iraq’s progress, noting the vibrancy and development visible in Baghdad. “It’s been very impressive to see these changes, and it just underscores the importance of Iraq continuing to have the space to do that. That’s what its people deserve,” he said.
The talks focused heavily on the situation in Syria, with Blinken emphasizing the need for a peaceful transition from the Assad regime to a democratic and inclusive government. He stressed that such a transition must protect minorities, avoid sectarianism, and prevent the resurgence of terrorist groups such as ISIS, according to the US Secretary of State.
“No one knows the importance of that more than Iraq because of the presence – indeed, the ongoing presence – of ISIS in Syria, and we are determined to make sure that Daesh [ISIS] cannot re-emerge,” Blinken pointed out.
Blinken further reaffirmed US support for Iraq’s sovereignty and the importance of Iraq reinforcing its stability and security. “And I think this is a moment as well for Iraq to reinforce its sovereignty as well as its stability, security, and success going forward,” he stressed.
He also underscored the significance of regional cooperation to support the Syrian people during this transitional phase.
The Secretary of State is set to continue regional discussions in Aqaba, Jordan, where he will meet with officials, including Iraq’s foreign minister, to advance dialogue on Syria and broader Middle Eastern stability.
TIDBIT FROM MILITIAMAN, 14 DEC
Militia Man
...December 15, I believe remittance auctions will cease...That may be the last you see of the dollar auctions...They're pushing towards getting rid of the illegal market smuggling... Article quote: "Advisor to the Prime Minister Saleh confirmed again...
that tightening the control over suspicious financial transfers reduces manipulation of the exchange rate and the stability of the national currency..."
Cessation of these auctions of the dollar and the illegal trade, it's going to do wonders. That's their focus and they're not deviating...
FRANK26: "BECAUSE OF A NEW EXCHANGE RATE, NOT BECAUSE OF A PROGRAM RATE", 14 DEC
KTFA
FRANK26: "BECAUSE OF A NEW EXCHANGE RATE, NOT BECAUSE OF A PROGRAM RATE".........F26
Governor of the Central Bank of Iraq receives a delegation from the International Finance Corporation
December 11, 2024
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received a delegation from the International Finance Corporation, which included the Director of the Financial Sector of the Corporation in the region, Mr. Yousef Habash, and Mr. Bilal Al-Zughair, the Resident Representative in Iraq, the Financial Investment Officer, and the Head of the Advisory Department.
During the meeting, they discussed strengthening bilateral relations between the Central Bank of Iraq and the International Finance Corporation, the importance of cooperation between local banks and correspondent banks with technical support from the Corporation, and the development of Islamic banks operating in Iraq, in addition to the banking reforms carried out by the Bank in cooperation with the relevant authorities, especially the restructuring of government banks, and the role of international companies operating in this field (Ernst & Young and Oliver Wyman).
His Excellency the Governor discussed the proposal to establish a leasing company with local and foreign contributions, which is one of the financial systems used to provide financing for projects and individuals without the need to directly purchase assets such as machinery and industrial equipment, vehicles, offices, and warehouses. This proposal supports emerging projects and small and medium-sized companies looking for easy and flexible financing.
The meeting discussed the importance of launching Riyada Bank next year, which will support projects with small and medium-sized loans, in line with the government’s vision to support graduates and entrepreneurs and develop labor markets.
During the meeting, they discussed strengthening bilateral relations between the Central Bank of Iraq and the International Finance Corporation, the importance of cooperation between local banks and correspondent banks with technical support from the Corporation, and the development of Islamic banks operating in Iraq, in addition to the banking reforms carried out by the Bank in cooperation with the relevant authorities, especially the restructuring of government banks, and the role of international companies operating in this field (Ernst & Young and Oliver Wyman).
His Excellency the Governor discussed the proposal to establish a leasing company with local and foreign contributions, which is one of the financial systems used to provide financing for projects and individuals without the need to directly purchase assets such as machinery and industrial equipment, vehicles, offices, and warehouses. This proposal supports emerging projects and small and medium-sized companies looking for easy and flexible financing.
The meeting discussed the importance of launching Riyada Bank next year, which will support projects with small and medium-sized loans, in line with the government’s vision to support graduates and entrepreneurs and develop labor markets.
Central Bank of Iraq
Media Office
December 11, 2024
Media Office
December 11, 2024
EXCERPTS FROM MARKZ , 14 DEC
EXCERPTS FROM MARKZ
MZ: in Iraq: “Central Bank governor opening foreign channels to foreign currencies eliminates the black market” they are talking about partnering with neighboring countries and carry more of a “basket of currencies” so they do not need the US dollar for trade. Including Jordan, Saudi Arabia, and different countries around them .
MZ: They want to split the value of the Iraqi dinar based on gold, oil, reserves and a basket of partnering currencies. This should mean a much higher value for the Iraqi dinar. They are making “real world moves” to support the value of their currency.
MZ: On the bond side I have noticed a serious increase in the number of deals that flippers are making. And offers that flippers are making with immediate closures on those deals. They are telling bond people “What if those goes on longer- you should sell to us right now”
MZ: Why are historic bond flippers willing to spend a lot more money right away- then they were before? Do they sense how close we are? Do they know something on this front? This kinda surprised me
MZ: Flippers are suddenly willing to spend billions of dollars to pick up boxes of historic bonds ect….IMO they would not be spending this money unless they felt they would get it back quickly with a profit…They have to know it is coming.
Member: so like flipping a house. You buy it a bit cheaper ..then resell it at a profit . got it….that is very interesting
Member: I have heard $4.20 in country in Iraq right now
MZ: I have heard that rumor as well….dont have anything confirmed yet
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