AN “UNANNOUNCED” VISIT AND A SURPRISE LANDING IN BAGHDAD.. BLINKEN TO AL-SUDANI: WE ARE COMMITTED TO SUPPORTING IRAQ, 19 DEC

 AN “UNANNOUNCED” VISIT AND A SURPRISE LANDING IN BAGHDAD.. BLINKEN TO AL-SUDANI: WE ARE COMMITTED TO SUPPORTING IRAQ

US Secretary of State Antony Blinken made an unannounced visit to Iraq on Friday, during which he met with Prime Minister Mohammed Shia al-Sudani and held talks with him about the future of Syria.

Reuters quoted the US State Department as saying that “Blinken stressed from Baghdad the US commitment to the US-Iraqi strategic partnership and to Iraq’s security, stability and sovereignty.”

She added that the Secretary also discussed regional security opportunities and challenges, as well as continued U.S. support for engagement with all communities in Syria to create a comprehensive transition. According to Reuters, Blinken’s visit was not announced until after he met with Al-Sudani on Friday afternoon.

Meanwhile, the Iraqi Prime Minister’s media office confirmed that Al-Sudani and Blinken discussed bilateral relations between the two countries, ways to enhance joint cooperation, as well as discussing the situation in the region, developments in the current events in Syria, and the regional and international efforts required to enhance security in Syria and the stability of the entire region.

Al-Sudani renewed, according to a statement received by Shafaq News Agency, support for Syria in this important stage, and the importance of friendly countries helping the Syrians rebuild their country and confront the challenges that may affect civil peace in it, stressing the necessity of representing all components of the Syrian people in the administration of the country to ensure enhancing its stability. He also stressed that Iraq is waiting for actions, not words, from those in charge of managing the transitional phase in Syria.

The Iraqi Prime Minister stressed the need not to allow any aggression on Syrian territory, from any party, because this represents a threat to security and stability in the region.

For his part, the US Secretary of State stressed, according to the Iraqi statement, Washington and Baghdad’s agreement on the necessity of respecting the choices of the Syrian people, and working to form a comprehensive government that reflects the will of the Syrian people and the diversity of its components.

Blinken referred to the pivotal role of Iraq, and stressed that it represents a key partner in the region, and the importance of consulting with it on the current developments witnessed in the region, and that the members of the international coalition are committed to the security, sovereignty and stability of Iraq.

IRAQI BANK FRIEND AKI UPDATE: " Chase is going to be the largest player in the exchange of the Iraqi dinar" , 19 DEC

  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.

JON DOWLING: " THE RV STARTS NOW, NOT NEXT YEAR!!!" @DINARREVALUATION #iraqidinarinvestor

 

AFTER THE EVENTS IN SYRIA… WILL IRAQ WITNESS A NEW ECONOMIC PHASE?, 19 DEC

 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: RV UPDATE, 19 DEC

 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.  

THOM SIELOFF: CBI FREEZING TERRORISTS FUNDS : Why is this happening now? @DINARREVALUATION

 

HASSAN ALI ABDEL: DEVELOPING THE FINANCIAL SECTOR IS THE KEY TO DEVELOPMENT WITH COMMENTS OF MNT GOAT, 19 DEC

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.