Sunday, January 12, 2025

REINALDO JC:THE BLUEPRINT OF DR. SHABIBI IS THE END OF THE CURRENCY AUCTIONS @DINARREVALUATION #iqd

,FRANK26: "IRAQI BANKS RESTRUCTURED FOR THE MONETARY REFORMS' NEW POLICIES". 12 JAN

KTFA

FRANK26: "IRAQI BANKS RESTRUCTURED FOR THE MONETARY REFORMS' NEW POLICIES"....F26

Al-Sudani confirms progress in the project to restructure Rafidain and Rashid Banks

1/9/2025

Prime Minister Mohammed Shia Al-Sudani confirmed, today, Thursday, the progress of work on the project to restructure the Rashid and Rafidain banks and its entry into force soon.

Al-Sudani's media office stated in a statement received by {Al-Furat News}, that "the latter held a special meeting to discuss developing the work of government banks, in the presence of representatives of Ernst & Young for auditing and financial consulting."
He was briefed on the plan for the restructuring project of Rafidain and Rashid Banks, and the technical and administrative procedures related to the project, which include a comprehensive review and structural administrative reforms with the aim of providing integrated banking services to citizens and companies.
The Prime Minister explained that "the completion rate of the project to restructure Rafidain Bank has reached its final stages, stressing that it will enter into force within the next few days, within the framework of a plan that has been studied and implemented according to the established standards and specifications."
Al-Sudani added, "Government banks with their current structures are unable to open up and address problems, and for this reason they have been restructured in a way that ensures the availability of all capabilities and openness with modern international technical specifications."

LINK

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Prime Minister: Restructuring government banks to ensure availability of capabilities and openness with international specifications

1/9/2025

Baghdad

Prime Minister Mohammed Shia Al-Sudani confirmed, on Thursday, that government banks with their current structures are unable to open up and address problems, indicating that this is why they have been restructured in a way that ensures the availability of all capabilities and openness with modern international technical specifications.

The Prime Minister's Media Office said in a statement, seen by "Al-Eqtisad News", that "Prime Minister Mohammed Shia Al-Sudani chaired a special meeting to discuss the development of the work of government banks, in the presence of representatives of Ernst & Young for auditing and financial consulting."

The statement added, "The Prime Minister was briefed on the plan for the restructuring project of Rafidain and Rashid Banks, and the technical and administrative procedures related to the project, which includes a comprehensive review and structural administrative reforms with the aim of providing integrated banking services to citizens and companies."

The Prime Minister explained - according to the statement - that "the completion rate of the project to restructure Rafidain Bank has reached the final stages," stressing "its entry into force in the coming period, within the framework of a plan that has been studied and implemented according to the established standards and specifications."

Al-Sudani added that "government banks with their current structures are unable to open up and address problems, and for this reason they have been restructured in a way that ensures the availability of all capabilities and openness with modern international technical specifications."

LINK

TIDBIT FROM SANDY INGRAM, 12 JAN

Sandy Ingram

Two of Iraq's most ambitious infrastructure projects, the central bank tower in Baghdad and the Grand al-Faw Port in Basra have been recognized as some of the most significant mega projects in the world for 2025.

The projects ranked 11th and 10th by the renowned British platform the B1M...These achievements reflect not only Iraq's commitment to modernization but also it's ambition to reclaim its place on the global stage as a hub for economic and cultural progress..

REINALDO JC: CBI can We international investors along with the Iraqi citizens celebrate with you!

Tomorrow.. The Kurdistan government holds an extraordinary meeting with the presence of the region’s representatives in the Baghdad Parliament, 12 JAN

Tomorrow.. The Kurdistan government holds an extraordinary meeting with the presence of the region’s representatives in the Baghdad Parliament

To discuss the financial dues file

The spokesman for the Kurdistan Regional Government, Peshwa Hawrami, announced on Friday, January 10, 2025, that the Kurdistan Regional Government will hold an extraordinary meeting tomorrow, Saturday, to discuss the issue of the Kurdistan Region’s financial dues.

“Tomorrow at 10:00, the Kurdistan Regional Government will hold an extraordinary cabinet meeting, attended by the Prime Minister of the Kurdistan Region and his deputy, Kurdish ministers in the federal government, representatives of the regional government in Baghdad, and heads of Kurdish blocs in the Iraqi parliament, to discuss the issue of salaries and financial dues to the Kurdistan Region from the federal government,” Hawrami said in a brief statement, a copy of which was received by Al-Jabal.

In context: “Their presence is a national necessity”.. “The Law” and “Azm” reject the withdrawal of the Kurds from the political process

Last Wednesday, the Kurdistan Regional Government Council of Ministers held a session to discuss the financial situation for 2024 and the federal government’s failure to pay the region’s financial dues. It was emphasized that it is not permissible to continue treating Kurdistan Region employees in this manner in the new year .

Earlier, Hawrami said in a statement to Al-Jabal that “the Iraqi Ministry of Finance did not abide by the Federal Court’s decision regarding the salaries of Kurdistan Region employees,” while he pointed out that “withdrawal from Baghdad is not far away and not impossible, and if the behavior of officials in Baghdad continues in this manner, withdrawal is a possible possibility.”

The Kurds hold several sovereign positions in the political process and the Iraqi government, in addition to holding more than 70 seats in the Iraqi parliament, distributed among the Kurdish political parties that represent the Kurdistan Region in the Iraqi Council of Representatives.

https://aljeebal.com/posts/2956

TIDBIT FROM PIMPY, 12 JAN

Pimpy

...We know that al-Sudani is going to be talking to Trump real quick here.

Last time [Trump was in office] they didn't make any changes and what ended up happening was they had to devalue the dinar before the country went bankrupt.

So this time around they might jump ahead of this and devalue the dinar ahead of time so that the impact is not that hard against the Iraqi people and against Iraq if crude oil prices go down.

DINAR REVALUATION