Walkingstick
[Iraqi bank friend Aki update]
WAlKINGSTICK: How do you feel about Chase Bank being in your country?
AKI: It's ok. We work with all kinds of banks. Chase is going to be the largest player in the exchange of the Iraqi dinar.
Chase is very vital to our monetary reform success.
Chase is not in Iraq to lose money.
AFTER THE EVENTS IN SYRIA… WILL IRAQ WITNESS A NEW ECONOMIC PHASE?
Iraq is suffering from major economic challenges due to political and military crises in some surrounding countries, but the impact of these crises on the Iraqi economy is still somewhat limited, while observers expect that there will be an expected economic change in Iraq, but it will be within a period of difficult and difficult labor in light of the harsh political crises that are sweeping the new Middle East.
In this regard, economic expert Ahmed Fouad told Iraq Observer that “Iraq enjoys stable financial flows and strong international trade relations,” indicating that “the tensions in Syria, including the recent events and the fall of Bashar al-Assad’s regime, will not fundamentally affect the Iraqi economy, which relies on central economic policies and strong oil revenues.”
He added, “The economic change that will occur in Iraq will be a reflection of the confusing political situation in the region, especially after the recent events in Syria.”
Fouad expressed his hope that “there will be a positive economic change that creates an equal and just economic system based on capitalism and a free economy.”
The economic expert called for “the need to work on directing this change in a correct and fair manner that guarantees integrity and success for the Iraqi economy and state. The Iraqi government must also develop an effective emergency plan to ensure the continued supply of basic commodities to the market, such as food and supplies. Despite the concerns that some may raise about importing goods from neighboring countries, Iraq has the ability to compensate for any shortage in materials through other markets such as Turkey, Iran, and the Gulf states.”
He added that “the Iraqi economy is immune to regional tensions, noting that central economic policies and stable oil revenues give Iraq great ability to confront any fluctuations.”
Regarding the future of the Iraqi economy if wars continue in the region, the economic expert stressed that “the effects of the current crises on the Iraqi economy remain relative, noting that their impact on the movement of internal and external trade will be limited if the situation is dealt with cautiously and a flexible economic policy is followed. He added that the political crisis in some neighboring countries may give Iraq an opportunity to increase its imports from other countries and open new markets.”
Mnt Goat
I am told by my CBI contact that if it is successful after monitoring for inflation, then if all is good, the CBI will launch the Project to Delete the Zeros and we know what comes next.
They will have too also launch the new peg of the IQD to the new basket of currencies. Are you happy yet?
I ask everyone to trust me in that I am in close contact with the CBI committee that is responsible for rolling out the Project to Delete the Zeros.
I get weekly statuses that are telling us that Iraq is only moving ahead and not backwards. I am told it won’t be long.
The final status of the RV is we are still waiting for the full implementation of the new process with correspondent banks to process payments of imports for Iraq. We are told this will all but eliminate the parallel market and it will no longer be of concern for the stability of the Iraqi dinar.
We have been told that this will lead to the next phase, which I am told by my CBI contact is the initiation of the currency reform, as now they will be able to conduct the process with relative knowledge of its success. Also do not forget that in order to begin the process Iraq still needs assurances from the US that it will support it and allow it to proceed to the end of the process.
HASSAN ALI ABDEL: DEVELOPING THE FINANCIAL SECTOR IS THE KEY TO DEVELOPMENT
(But we as investors following this RV saga already knew this ,,,,didn’t we?)
Banking expert Hassan Ali Abdul stressed the importance of government trends aimed at promoting the reality of electronic payment and its role in attracting foreign investment flows, and adopting the use of advanced technological means of communications and information.
Abdul explained the importance of supporting the next phase aimed at developing the performance of economic sectors in a way that achieves diversity in the country’s financial revenues and working on preparing in-depth studies on the available and accessible capabilities in non-oil activities and trying to develop them to be able to create alternatives, in addition to the necessity of preparing a long-term strategy that takes into consideration various aspects.
He explained that the entire process requires an advanced banking system capable of supporting all economic operations, and our private banks are now aware of this and are working hard to develop all aspects of their work.
He pointed out that Iraq is an important economic front for many international companies in the coming period, and we must work in this direction and create a suitable environment to attract international efforts.
I know that many of you are speculating on what Trump will do as president for Iraq. Will he kill the progress? Come’on folks how stupid a thing to even think at this point. 😊Why would he do this? Let’s take a look at the article in today’s news titled “WHY WILL IRAQ BECOME ONE OF TRUMP’S “PRIORITIES” IN THE COMING PERIOD? – URGENT”.
So, I will sum up what is going to happen in the middle east once Trump takes office. In fact we already see the seeds being sown for this to happen. I quote from the article – “Political researcher Ahmed Al-Yasiri predicted, on Friday (December 13, 2024), that major changes will take place in the Middle East region after Donald Trump assumes the presidency of the United States of America.
Al-Yasiri said in an interview with Baghdad Today, “Trump is planning major changes in the Middle East region, and therefore the region is entering a new phase, and Iraq will be at the forefront of these changes in terms of the security and economic reality.” Who put together the peace plan for the middle east under the last Trump administration? Enough said about this….
😊The title of one of our articles today is set to answer the question on all the minds of the Iraqis. It is titled “AFTER THE EVENTS IN SYRIA… WILL IRAQ WITNESS A NEW ECONOMIC PHASE?”. I quote from the article “Iraq is suffering from major economic challenges due to political and military crises in some surrounding countries, but the impact of these crises on the Iraqi economy is still somewhat limited” – “In this regard, economic expert Ahmed Fouad told Iraq Observer that “Iraq enjoys stable financial flows and strong international trade relations,” indicating that “the tensions in Syria, including the recent events and the fall of Bashar al-Assad’s regime, will not fundamentally affect the Iraqi economy, which relies on central economic policies and strong oil revenues.”
The final status of the RV is we are still waiting for the full implementation of the new process with correspondent banks to process payments of imports for Iraq. We are told this will all but eliminate the parallel market and it will no longer be of concern for the stability of the Iraqi dinar.
We have been told that this will lead to the next phase, which I am told by my CBI contact is the initiation of the currency reform, as now they will be able to conduct the process with relative knowledge of its success. Also do not forget that in order to begin the process Iraq still needs assurances from the US that it will support it and allow it to proceed to the end of the process.
I am not going to waste your time going over the current and future opportunities that Iraq has for tremendous wealth again. We should all see it now by reading all this other articles about trade deals, tourism, etc. etc. With the coming Trump reorganization of the middle eastern policies towards more peaceful means, we will see yet more of a surge even towards this prosperity for Iraq and its neighboring countries.
Many of us may think the military actions taken by Isreal and the IDF as a bit too much over the top and not necessary, but I assure you there is God guiding the IDF and a purpose for its actions. We will see the end result in the coming years as it takes fold. Then you will see it. We will all thank them for their sacrifices.
We must stop listening to these activists who pander the terrorists and who hate the Jews and look at them as their enemy. If you sit down and discuss with them and ask the question WHY they can’t give you a solid, justified reason. This is the same brainwashing that has perpetrated the minds of American votes also when you ask the same question why they hate Trump so much.
They can only give you a superficial reason without being factual based on reality. Again, this is what happens when you are brainwashed. Its like waking up one day and realizing they have brainwashed you to bark like a dog and kiss the floor. You wake up laying of the floor and wonder how you got there….lol..lol.. sadly enough.
It is appreciation week once again and I hope everyone can decide to help keep the Newsletter alive. This is a critical time period over these next couple months. I hope we will not have to wait again till next year and be sitting here singing our Christmas song by Perry Como again. I strongly believe this will not be the case and so pray and pray hard that the prosperity and abundance promised us by God is here.
