FRANK26: "BLACK MARKET IS DEAD... SUDANI PREPARES THE NEXT STEP OF THE MONETARY REFORM", 11 JAN

 KTFA

FRANK26: "BLACK MARKET IS DEAD... SUDANI PREPARES THE NEXT STEP OF THE MONETARY REFORM"..........F26

Central Bank Governor: There is no financial problem threatening employees’ salaries

1/8/2025

 Baghdad
 

The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Wednesday, that there is no financial problem threatening employees’ salaries, while he indicated that dollar smuggling operations have been reduced.

Al-Alaq said in an interview with the Iraqi News Agency, followed by "Al-Eqtisad News", that "there is no financial problem threatening employees' salaries, and we have great capabilities and resources," noting that "the Central Bank's reserves are high and capable of covering the demand for the dollar." He
added that "the Federal Bank praised Iraq's measures regarding foreign transfers," indicating that "the mechanism
of granting the dollar to the traveler ensured that it reaches the beneficiary exclusively."

He continued: "The parallel exchange rate is no longer an indicative price, and our reserves are fortified and the Central Bank enjoys
independence," stressing that "electronic payment is witnessing development and we have the best global systems of infrastructure."
He pointed out that "we launched a project to establish a national company for electronic payment and it has reached advanced stages," adding that "the commissions at the outlets are not licensed by the Central Bank and we are working to close them and transfer them to exchange companies."

He added that "incoming transfers are subject to the decision to limit dealing in dinars, and we allowed banks to import dollars and we were able to limit smuggling operations."

LINK

TIDBIT FROM MNT GOAT, 11 JAN

 Mnt Goat  

Article:  “NO FEAR FOR THE REGIME IN IRAQ AS LONG AS AMERICA AND THE RELIGIOUS AUTHORITY ARE “SATISFIED”… THE GOVERNMENT IS HEADING TOWARDS “INDEPENDENCE” 

 ...Iraq must gain their independence not just on paper but in

practical terms. Now that the Chapter VII sanctions are released for over 2 years already it is time...

The next stage is full sovereignty promised to the Iraqi people during the second invasion in 2003.  Yes, they still are not a free country until they get back their currency, which means to control their own wealth...Also I want to mention...

the CBI reserves are in the bank in New York JP Morgan/Chase DFI fund amounting to over $120 billion dollars. And so Iraq will also have to recover these funds too. The UN already decreed these funds should be returned to Iraq...we are watching this closely.

AJ :." Wait for the announcement from Al-Sudani & CBI of the Lower Notes and rate" @DINARREVALUATION

 

FRANK26: "CASH COW DEAD... SO LET'S START RUMORS ABOUT SUDANI!!!", 11 JAN

 KTFA 

FRANK26: "CASH COW DEAD... SO LET'S START RUMORS ABOUT SUDANI!!!".....F26

Sudanese position in Tehran.. Iraqi-Iranian plan to resume pumping gas

 

1/8/2025

 

An Iraqi government source revealed, on Wednesday, new details of the talks that took place between the delegation headed by Prime Minister Mohammed Shia al-Sudani in Tehran. 

The source explained to Shafaq News Agency, "The Iraqi delegation, headed by Al-Sudani, discussed with the Iranian side the issue of gas supplied to Iraq, and the resumption of pumping gas in the near future."

He added, "The meeting between the Iraqi Minister of Electricity and the Iranian Minister of Energy addressed the reasons for the interruption of the supply of Iranian gas to Iraq and its impact on the supply of electrical energy in Baghdad and other Iraqi provinces."

The source pointed out that "the Iraqi Minister of Electricity and the Iranian Minister of Energy have developed a plan to reactivate the contract between Baghdad and Tehran regarding the re-pumping of Iranian gas to Iraq."

Earlier today, government sources revealed that Al-Sudani will sign about 8 memoranda of understanding with Iran in the security, economic and tourism fields.

The sources told Shafaq News Agency, "The visit of Al-Sudani and his accompanying delegation was not limited to discussing the latest developments and changes in the region and its security only, but it is hoped that memoranda of understanding (security, economic and tourism) will be signed according to controls and paragraphs agreed upon between the two sides."

The sources explained that "the memoranda of understanding will be signed by members of the delegation accompanying the Iraqi Prime Minister with their counterparts from the Iranian side."

Before that, Al-Sudani said, in a joint conference with Iranian President Masoud Pezeshkian, which was followed by Shafaq News Agency, that "the visit to Tehran comes to strengthen bilateral relations between the two countries and the meeting with Pezeshkian, discussed this file and at the level of all common areas," indicating that "the meeting also witnessed a discussion of the file of supplying Iraq with gas and energy."

Al-Sudani added, "The coming days will witness ministerial-level meetings between the two countries to discuss strengthening joint relations between Baghdad and Tehran," stressing at the same time "following up on joint projects with Iran, especially the railway and housing sectors."

During his current visit to Tehran, Al-Sudani discussed with the Speaker of the Iranian Islamic Shura Council, Mohammad Baqer Qalibaf, "bilateral relations between Iraq and the Islamic Republic of Iran, and ways to enhance them in a way that serves mutual interests, and emphasized the enhancement of cooperation in common files, as well as supporting cooperation between the legislative authorities in Iraq and Iran, in a way that contributes to consolidating the interests of the two countries."

Al-Sudani arrived in the capital, Tehran, on Wednesday morning, on an official visit in response to an invitation extended to him by Iranian President Masoud Pezeshkian.

LINK

IRAQ UPDATE: Significant Changes in the Banking and Currency Exchange Landscape, 11 JAN

IRAQ UPDATE: Significant Changes in the Banking and Currency Exchange Landscape

Highlights

• 📈 Iraqi Stock Exchange Stability: The Iraqi Stock Exchange has seen a 131% increase in value over the past month, indicating a positive trend in the economy.
• 💱 Bank Currency Exchange Services: Banks are increasingly offering currency exchange services, making it more convenient for customers to handle their financial needs.
• 🌍 Global Trade Influence: Currency exchange plays a crucial role in global trade, facilitating transactions between countries.
• 💵 Potential Value Increase of Dinar: Experts predict a significant rise in the value of the Iraqi Dinar, which could benefit holders through better exchange rates.
• ✈️ Travel Savings: Travelers can save money by obtaining competitive exchange rates directly through their banks.
• 🔍 Need for Rate Comparison: With more banks involved in currency exchange, it is essential for customers to compare rates to ensure they’re getting the best deal.
• 🚀 Digital Currency Exchange Trends:  The rise of banking apps is paving the way for instant currency exchanges from mobile devices, indicating a shift towards more digital financial solutions.

Key Insights

• 📊 Economic Growth through Investment: The increase in the value of the Dinar could attract foreign investments, potentially leading to local economic growth. As businesses from other countries seek to capitalize on favorable exchange rates, this could foster a more robust economic environment in Iraq. This dynamic could result in job creation and improved economic conditions.

• 💳 Convenience and Banking Evolution: The evolution of banks to include currency exchange services reflects a growing demand for convenience. Customers prefer to manage all their financial transactions in one place, which makes banks more appealing. This shift could lead to a more integrated banking experience, where clients can easily access various financial products, including loans, savings, and currency exchange.

• 🌐 Impact of Global Events on Currency Values: Currency values are inherently volatile and can be influenced by a multitude of factors including political stability, economic indicators, and global events. Understanding these implications is crucial for individuals and businesses, as fluctuations can affect financial decisions, from investments to loans.

• 🔄 Transparency in Banking Fees: With increased competition among banks for currency exchange services, there is a pressing need for transparency in fees. Customers will likely become more savvy about comparing rates, which can lead to better deals and lower costs for consumers. This trend empowers customers to make informed choices and seek out the best available options.

• 📉 Preparing for Rate Changes: As the speaker mentions, changes in banking rates don’t happen in a vacuum. They are often reflective of broader economic indicators such as inflation and consumer spending. For individuals with loans or mortgages, staying informed about potential changes can be crucial for financial planning.

• 📲 Digital Banking and Currency Exchange: The shift towards digital banking solutions illustrates the growing trend of mobile banking applications allowing users to exchange currencies easily. This convenience not only enhances the user experience but also signifies the banking industry’s adaptation to new technologies and consumer preferences.

• 🌍 Financial Literacy and Awareness: The discussion emphasizes the importance of being aware of financial developments, especially for those involved in banking or currency exchange. Knowledge of how banking changes can affect personal finances is crucial for making informed decisions regarding savings, investments, and expenditures.

MILITIAMAN: Iraq...is taking her place again in the region!! @DINARREVALUATION #iraqidinarinvestor

 

FRANK26: "SECURITY & STABILITY THE GOAL OF THE MONETARY REFORM!!!, 11 JAN

 KTFA

FRANK26: "SECURITY & STABILITY THE GOAL OF THE MONETARY REFORM!!!"........F26

 

Al-Sudani from Tehran: An international conference in Baghdad for regional stability and we support the choices of the Syrian people

1/8/2025

 

Prime Minister Mohammed Shia al-Sudani reiterated on Wednesday his respect for the will of the Syrian people and support for any political framework they choose, while stressing Baghdad's keenness to establish balanced relations with all regional and international parties.

Al-Sudani said, in a joint conference with the Iranian president, which was followed by Shafaq News, that "the visit to Tehran comes to strengthen bilateral relations between the two countries and the meeting with Pezeshkian, to discuss this file and at the level of all common areas," indicating that "the meeting also witnessed a discussion of the file of supplying Iraq with gas and energy."

Al-Sudani added, "The coming days will witness ministerial-level meetings between the two countries to discuss strengthening joint relations between Baghdad and Tehran," stressing at the same time "following up on joint projects with Iran, especially the railway and housing sectors."

Regarding the developments in Syria, Al-Sudani pointed out that "the stability of Syria is the key to the stability of the region, and Baghdad respects the will of the Syrian people and supports any political framework they choose for themselves," calling at the same time on the international community to "a comprehensive political solution in Syria, and Baghdad's determination to hold an international conference for the stability of the region."

Regarding the situation in Gaza, Al-Sudani stressed that "Iraq's position is firm in condemning the war of extermination that the Palestinian people are being subjected to, especially since the Zionist violations threaten regional peace and security," adding that "the only way to achieve stability in the region is to stop the Zionist war in Gaza."

Prime Minister Mohammed Shia al-Sudani met a short while ago with Iranian President Masoud Pezeshkian at Saadabad Palace, after his arrival in Tehran this morning on an official visit.

 

LINK