MAJEED: STATUS OF IRAQ TODAY,!! @DINARREVALUATION #iraqidinarinvestor #iraqidinar

 

Iraq, Jordan forge stronger ties to boost regional stability and economic growth, 10 JAN

 Iraq, Jordan forge stronger ties to boost regional stability and economic growth

 Former Jordanian government spokesperson Mohannad Mubaidin affirmed, on Thursday, the ongoing collaboration between Iraq and Jordan to maintain security and stability in the region, particularly in light of last year’s rapid developments.

"King Abdullah II is committed to ensuring that Jordan’s relationship with Iraq is both impactful and geared towards achieving stability and security in the Middle East,” Mubaidin said in an exclusive statement to Shafaq News, adding that "several meetings have been held between the two sides, focusing on key areas, including bolstering security systems and combating terrorism."

High-Level Visits Cement Relations

Iraqi Prime Minister Mohammed Shia Al-Sudani visited Jordan on Dec. 11, 2024, meeting with King Abdullah II to discuss Arab and regional strategies amid ongoing developments in the region, particularly in Syria. This visit underscored Iraq’s strong interest in its ties with Jordan.

On Dec. 15, 2024, Iraqi Parliament Speaker Mahmoud Al-Mashhadani traveled to Amman, where he met King Abdullah II, Jordanian Parliament Speaker Ahmed Safadi, and Senate President Faisal Al-Fayez. According to a statement from Al-Mashhadani’s office, his meeting with Jordanian Prime Minister Jaafar Hassan focused on strengthening bilateral cooperation across political, economic, and security domains, aiming to support stability and development in both nations.

Economic and Trade Ties Flourish

Jordanian officials have emphasized the strategic importance of their partnership with Iraq. Mubaidin reiterated, "Jordan recognizes the depth and significance of its relationship with Iraq and consistently advocates for joint efforts to ensure Iraq’s security and stability while fostering a comprehensive partnership that benefits both nations."

Economic ties between the two countries also remain robust. On Tuesday, the Jordanian Chamber of Commerce announced that Iraq ranked as Jordan’s largest importer in 2024, with total imports valued at 691 million Jordanian dinars.

The oil trade is another vital pillar of cooperation. According to statistics released by Iraq’s State Oil Marketing Organization (SOMO) on Dec. 28, 2024, Iraqi oil exports to Jordan rose by 7.45% over the first 11 months of 2024, reaching 3.56 million barrels compared to 3.31 million barrels during the same period in 2023. SOMO further reported that Jordan imported approximately 3.8 million barrels of Iraqi oil last year under a renewed agreement signed in mid-2024.

Expanded Energy Cooperation

In August 2024, Iraq and Jordan agreed to increase monthly oil exports from 10,000 barrels to 15,000 barrels, raising the annual total from 300,000 barrels to 450,000 barrels. This expansion now covers approximately 10% of Jordan’s crude oil needs, reflecting the strengthening economic ties between the two nations.

Through mutual commitments to security, economic development, and energy collaboration, Iraq and Jordan continue to set an example of regional partnership, working together to promote stability and prosperity for their citizens. link

DINAR GURUS UPDATE : The exchangeability of 25,000 dinar notes and the importance of the oil and gas law in Iraq’s socio-economic landscape

 DINAR GURUS UPDATE : The exchangeability of 25,000 dinar notes and the importance of the oil and gas law in Iraq’s socio-economic landscape

Highlights

• 💰 Exchangeability of 25,000 Dinar Notes: Viewers are informed that they can exchange their 25,000 dinar notes at banks, ATMs, and currency exchange shops in Iraq.
• 🚫 Non-Exchangeable Notes: The 50 dinar note and Swiss notes featuring Saddam Hussein are defined as non-exchangeable, cautioning viewers against holding onto them.
• 📄 Exchange Process Simplified: A straightforward five-step process for exchanging currency is provided, ensuring viewers know what to expect.
• 🌍 Challenges of Exchanging Currency Abroad: The video highlights the difficulties of exchanging Iraqi dinar notes outside of Iraq, advising viewers to exchange them before leaving.
• 🛢️ Urgency of the Oil and Gas Law: The Kurdish National Union’s push for the oil and gas law is emphasized, linking it to Iraq’s economic stability and development.
• 📊 Impact of Oil Management: The potential benefits of the oil and gas law, such as attracting foreign investment and job creation, are discussed as crucial for Iraq’s economic future.
• ⚖️ Socio-Economic Implications: The video concludes with a broader reflection on how the passing of the oil and gas law could significantly improve the daily lives of Iraqi citizens.

Key Insights

• 💡 Understanding Currency Exchange: The video serves as a valuable resource for understanding how to effectively manage and exchange Iraqi dinar notes. The emphasis on being informed about exchange policies and rates empowers viewers to make better financial decisions. By knowing which denominations are exchangeable and where to exchange them, individuals can navigate potential pitfalls more effectively, avoiding the frustration experienced by the traveler Ali.

• 🔄 Fluctuating Exchange Rates: The host’s advice to check the latest exchange rates before initiating transactions speaks to a broader financial principle—being proactive and informed can lead to better financial outcomes. With global currency markets being volatile, this insight is particularly relevant for anyone dealing with foreign currencies.

• 🏛️ Political Landscape and Economic Stability: The discussion surrounding the oil and gas law reveals the intricate link between governance and economic health. The urgency expressed by the Kurdish National Union underscores the reality that political decisions directly impact economic stability. This insight emphasizes the need for effective governance structures to manage natural resources, which can foster economic growth and stability.

• 🔗 Resource Management as a Catalyst for Development: The host highlights that passing the oil and gas law is not merely a bureaucratic task; it has real-world implications for development and regional stability. By ensuring that oil revenues are fairly distributed, the law could alleviate tensions between different regions in Iraq, promoting peace and collaboration.

• 📈 Foreign Investment Attraction: The potential of the oil and gas law to attract foreign investment is a critical point. Investors often seek stability and clarity in legal frameworks before committing resources. Therefore, enacting this law could serve as a catalyst for significant economic growth, providing jobs and improving infrastructure in Iraq.

• ⚠️ Historical Context of Oil Management: The video touches upon Iraq’s historical challenges in oil management, particularly under Saddam Hussein. Understanding this context is essential for grasping the importance of the proposed law as a means to rectify past mismanagement and corruption. It indicates a desire for a fresh start and a more sustainable approach to resource management.

• 🌐 Global Implications of Local Legislation: The video posits that the stakes involved in passing the oil and gas law extend beyond local politics; they have global ramifications. As Iraq navigates its resource management, the international community watches closely, understanding that stability in Iraq could influence regional dynamics and global oil markets.

In conclusion, this video not only provides practical information regarding currency exchange but also delves deep into the socio-political and economic ramifications of Iraq’s oil management policies. By combining practical advice with a broader contextual understanding of Iraq’s challenges, the video serves as an important resource for anyone interested in the Iraqi economy and its future trajectory.

JEFF: For them to approve the oil and gas law is absolutely waiting for the rate to change!! #iqd

 

For the first time in Iraq. Opening of the unified emergency number project {911}, 10 JAN

For the first time in Iraq. Opening of the unified emergency number project {911}

The Prime Minister, Commander-in-Chief of the Armed Forces, Mohammed Shia Al-Sudani, inaugurated on Thursday, the unified emergency number project (911) in the Central Response and Control Directorate of the Ministry of Interior.

The Sudanese Media Office said in a statement received by {Euphrates News} that it “appealed to all formations, during which it stressed the importance of this project, which represents one of the objectives of the government’s vision of developing security and service infrastructure, enhancing the capacity for rapid emergency response, and achieving effective communication with the citizen 24 hours a day, in reporting emergency and suspicious cases.”

“The Prime Minister said that the number (911) is not just a hotline, but is the backbone of the emergency response system, and it was adopted to be a unified reference in order to unify the efforts of all the joints and formations of the Ministry of Interior, and the rest of the service and security ministries, to ensure improved performance, increase safety and consolidate citizen confidence in security institutions.”

This project, which is the first of its kind in Iraq, represents a paradigm shift in digital transformation, modern communications, the imposition of security and the provision of police and humanitarian services.

It is noteworthy that the Directorate of (Quick Response and Central Control / 911) was established in the Ministry of Interior, by National Security Council Resolution No. (1) of 2024, with the aim of unifying all 26 emergency numbers, with one number, which is 911, in order to ensure the speed of response to accidents and emergencies, such as traffic accidents, fires and crimes, in addition to receiving security information, complaints and inquiries and referring them to the competent authorities, and establishing (51) sub-responstanse stations throughout Iraq, with specialized cadres who are fluent in several languages used in Iraq

https://alforatnews.iq/news/لأول-مرة-في-العراق-افتتاح%C2%A0مشروع-رقم-الطوارئ-الموحد-911

WTO Accession talks are expected the first quarter of this year between Iraq and WTO. Why?

 WTO Accession talks are expected the first quarter of this year between Iraq and WTO. Why?

Iraq is transitioning into a "Market Economy" which means their resources will be allocated and price determinations will be based upon new demands for their currencies exchanged on the market. 

A market rate will be formed from these WTO meetings to determine a fair price in trade.

Explanation:

Market Rate Definition:

The "market rate" refers to the price at which a currency is currently trading on the open market, determined by supply and demand. 

International Rate:

When you talk about an "international rate" for a currency, it simply means the rate at which you can exchange your domestic currency for another foreign currency on the global market. 

Key Point:

While banks or exchange services might offer slightly different rates to customers (adding a margin for profit), these rates are still based on the underlying market rate. 

Yes, to have an international rate for a currency, you must also have a market rate, as the international rate is essentially the current market value of that currency in relation to other currencies on the global foreign exchange market (forex).  

© Goldilocks

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