Friday, January 17, 2025
IMPORTANT IRAQ NEWS: IRAQ SIGNS A MEMORANDUM OF UNDERSTANDING WITH THE BRITISH EXPORT CREDIT GUARANTEE CORPORATION.. AND THESE ARE ITS OBJECTIVES , 17 JAN
IRAQ SIGNS A MEMORANDUM OF UNDERSTANDING WITH THE BRITISH EXPORT CREDIT GUARANTEE CORPORATION.. AND THESE ARE ITS OBJECTIVES
Today, Tuesday, in the British capital, London, a memorandum of understanding was signed between the Sovereign Guarantees Initiative Committee and the British Export Credit Guarantee Corporation, on the sidelines of the Prime Minister’s official visit to the United Kingdom.
The ceremony was held under the patronage of Deputy Prime Minister and Minister of Planning Mohammed Tamim, where the Chairman of the Initiative Committee, Advisor to the Prime Minister Mohammed Sahib Al-Daraji signed on the Iraqi side, while the Director of the Business Group, Adam Harris, signed on behalf of the British Foundation.
The terms of the memorandum include supporting imports of production lines and industrial and agricultural technology for the Iraqi private sector from the United Kingdom.
This memorandum is valid for five years, and comes within the framework of the agreements and memoranda of understanding signed by the Iraqi government with a number of European countries, and aims to raise the efficiency of the Iraqi private sector and achieve integration with the international community.
In another context, the two sides agreed that the British Export Credit Guarantee Corporation would finance a number of vital projects for the Iraqi government, and prepare to increase the financing ceiling for productive government projects.
The signing of the Memorandum of Understanding was preceded by a joint meeting between the Iraqi delegation and the British Foundation, during which mechanisms for joint cooperation between the two sides were discussed, in a way that enhances bilateral relations between the two countries.
TIDBIT FROM MNT GOAT: "LETS GO TO FOREX!" , 17 JAN
Mnt Goat
I did have a conversation with my CBI contact [Wednesday].
This is why I am very excited...I could hardly believe that now the economic experts have finally turned to the mantra.
The new mantra is – LETS GO TO FOREX! This was the same tone in my conversation.
My contact sounded VERY excited and anticipatory
IMPORTANT IRAQ NEWS: IRAQ CALLS ON THE WORLD TO CONDUCT A COMPREHENSIVE REFORM OF THE FINANCIAL SYSTEM AND A DIALOGUE ON TECHNOLOGY GOVERNANCE, 17 JAN
IRAQ CALLS ON THE WORLD TO CONDUCT A COMPREHENSIVE REFORM OF THE FINANCIAL SYSTEM AND A DIALOGUE ON TECHNOLOGY GOVERNANCE
The representative of Iraq to the United Nations in New York, Abbas Kazim Obaid, in his capacity as Chairman of the Group of 77 and China, delivered the group’s statement during the session of the United Nations General Assembly in which the Secretary-General reviewed the priorities of his term for the year 2025, in light of the circumstances and challenges facing the international community.
In his statement, the representative of Iraq stressed the complex and interconnected global challenges, including ongoing conflicts, the effects of climate change, poverty, hunger, high debt levels, limited financing for the Sustainable Development Goals, and the growing digital divide. He stressed the need to support developing countries in financing sustainable development through the Fourth Conference on Financing for Development.
He called for a comprehensive reform of the global financial system to address structural inequalities, ensure equitable access to long-term finance, and advance sustainable development efforts. He also stressed the importance of fully implementing the decisions of the Conference of the Parties on Climate Change, while supporting the Secretary-General’s efforts to achieve the Sustainable Development Goals by 2030.
Obaid also called for a comprehensive international governmental process to address the digital divide, the establishment of an independent scientific team for artificial intelligence, and the launch of a global dialogue on technology governance.
ARIEL: Basel 3 and ISO-20022, Full Prosperity on Day 1, 17 JAN
ARIEL
What have I been discussing with you all about Basel 3 & ISO-20022.
Any crypto that isn’t ISO- compliant is not going to make it on Blockchain.
Ripple (XRP)
Stellar (XLM)
XDC Network (XDC)
Algorand (ALGO)
Quant (QNT)
The Bitcoin community is continually exploring Layer 2 technologies (e.g., the Lightning Network) and side projects that could, in theory, offer greater compatibility with traditional finance frameworks. So theywill not be blacklisted. But the visibility on ISO-20022 platforms may be reduced. Not sure.
Institutions might prefer ISO 20022-ready cryptocurrencies if they want tighter integration with their internal systems. Where shenanigans in the blackmarket will not affect their overall system of regulatory protocol when it comes to processing transactions.
I hope you all know that the Iraqi Dinar has a lot to do with this statement by Donald Trump.
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