MILITIAMAN CC HIGHLIGHTS NOTES 20 JAN

 MILITIAMAN CC HIGHLIGHTS NOTES

Highlights

Summary

In this Friday night broadcast, the Militia Man and crew discuss significant developments regarding Iraq’s cultural heritage, economic reforms, and international relations. The opening of an Iraq Cultural Center in London, featuring an ancient Assyrian tablet, symbolizes Iraq’s efforts to reclaim its historical artifacts and enhance its cultural presence globally. 

Furthermore, the program highlights advancements in Iraq’s banking sector, particularly the shift towards electronic payment systems, which have tripled cash collection amounts. 

The Prime Minister of Iraq, Al Sudani, has been actively engaging in international diplomacy and economic discussions, culminating in productive meetings in the UK, where 25 agreements were signed with various companies. The broadcast underscores the importance of legislative reforms and investment frameworks that have been put in place since 2006 to attract foreign investment and stimulate economic growth. The speaker emphasizes the readiness of Iraq to integrate into the global financial system, supported by the government’s ongoing reforms and initiatives aimed at improving the investment climate.

• 🎉 Cultural Heritage: Iraq’s Cultural Center in London receives an Assyrian tablet, marking a significant step in reclaiming ancient artifacts.
• 💳 Electronic Payments Surge: Iraq’s Real Estate Bank reports a threefold increase in electronic payment collections compared to cash.
• 🇬🇧 Strengthening Ties: Prime Minister Al Sudani’s four-day visit to the UK results in 25 signed agreements, enhancing Iraq’s international presence.
• 📈 Economic Transformations: Legislative reforms since 2006 are aimed at improving investment conditions and boosting economic growth.
• 🌍 Global Integration: Iraq is positioning itself for participation in the global financial system, supported by the Central Bank and government initiatives.
• 🏦 Banking Innovations: The development of electronic payment systems is facilitating the transition from a cash-based economy to a digitized financial landscape.
• 🤝 Partnership of Equals: British officials emphasize a new phase of equal partnership with Iraq, highlighting the country’s potential on the global stage.

Key Insights

• 📜 Cultural Significance: The return of ancient artifacts, like the Assyrian tablet, not only reinforces Iraq’s cultural heritage but also aids in fostering international relations, showing a commitment to preserving history while promoting national identity. This act serves as a diplomatic bridge, enhancing Iraq’s image and soft power on the world stage.

• 💼 Evolving Economic Landscape: The transition towards electronic payment systems indicates a broader shift in Iraq’s economy, moving from traditional cash transactions to modern financial technologies. This not only improves efficiency but also aligns Iraq with global financial trends, positioning it for future investments and economic collaborations.

• 🌐 Strategic Diplomacy: Prime Minister Al Sudani’s proactive approach in engaging with international partners, particularly during his visit to the UK, reflects a calculated strategy to enhance Iraq’s economic stature and diplomatic relationships. The signing of multiple agreements showcases Iraq’s readiness to collaborate on various fronts, including economic, political, and environmental matters.

• 📊 Investment Climate Improvement: The historical context of Iraq’s legislative reforms since 2006 underlines the ongoing commitment to fostering a conducive environment for foreign investors. By streamlining regulations and ensuring legal stability, Iraq is making strides toward becoming an attractive destination for investment, which is crucial for economic recovery and growth.

• 🔑 Youthful Demographics: With a significant portion of its population being young, Iraq’s banking sector is adapting to cater to a more technologically savvy demographic. The emphasis on electronic transactions and financial technologies is likely to resonate well with younger citizens, promoting a culture of digital finance that can lead to broader economic participation.

• 💪 Government Support for Banking : The continuous backing from the Iraqi government and the Central Bank is vital for strengthening the banking system. This support facilitates the development of financial services that align with international standards, which is essential for attracting foreign investment and enhancing economic resilience.

• 🚀 Future Economic Potential: The discussions around the legislative framework for investment, particularly the incentives for both local and foreign investors, highlight the government’s focus on economic diversification and sustainability. By creating a favorable investment climate, Iraq is not only aiming to boost its economy but also to reduce unemployment and enhance overall living standards for its citizens.

In conclusion, the Militia Man and crew’s broadcast presents a comprehensive overview of Iraq’s recent advancements in cultural heritage, economic reforms, and international relations. The integration of modern banking practices and the government’s commitment to legislative reforms signal a hopeful future for Iraq as it seeks to establish itself as a key player in the global financial arena. The insights drawn from this discussion emphasize the importance of strategic partnerships, cultural reclamation, and the necessity of adapting to technological advancements in the banking sector. As Iraq continues on this path, it is poised for potential growth and positive transformation in its economic landscape.

MARKZ: They are on the fully international forex!! ‪@DINARREVALUATION‬ #iraqidinarinvestor #iraqidinar

 

Sudanese consultant: Internal debt exceeds 80 trillion dinars and a plan to gradually extinguish it, 20 JAN

 Sudanese consultant: Internal debt exceeds 80 trillion dinars and a plan to gradually extinguish it

The economic adviser to the Prime Minister, Mazhar Mohammed Saleh, confirmed that Iraq’s internal debt exceeded 80 trillion dinars, while pointing out that there is a tight plan to gradually extinguish it by coordinating the two fiscal and monetary policies.

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In minute details, Saleh explained through {Al-Furat News} that: “The main dilemma faced by the country during the past years was the disruption of a number of development projects inherited by the tripartite general budget under Law No. 13 of 2023, which was designed on the basis of the average price of a barrel of oil of $70, and by exports not exceeding 3.4 million barrels per day.”

He added that “these exports were subject to a reduction of about 200,000 barrels per day under the OPEC Plus agreement, which called for resorting to internal borrowing again to implement the lagging strategic projects that had previously been stopped due to financial, security and health crises.”
Saleh pointed out that “the budget provided for an annual borrowing of 64 trillion dinars to face the probable deficit,” pointing out that “the Central Bank of Iraq keeps more than 50% of the internal debt within its asset portfolio, with high coverage in foreign currency, which ensures that there are no inflationary effects resulting from this debt.”

He pointed out that “remittances and bonds, as debt instruments, represent internal assets that have been deducted by the monetary authority, which caused an increase in monetary issuance; but they are completely covered by foreign exchange, despite the high monetary basis and public liquidity compounds in the economy.”

Saleh said to stress that “the annual inflation levels in Iraq are still under control, as they reached less than 3% for 2024,” stressing that “there is a tight plan to extinguish domestic debt and control its growth levels according to the criteria of financial strengthening in the coming years.”

Ragheed
 

https://alforatnews.iq/news/مستشار-للسوداني-الدين-الداخلي-يتجاوز-80-تريليون-دينار-وخطة-لإطفائه-تدريجياً

Frank26 : Former banker & Federal bank examiner with the US Treasury - Bill update, 20 JAN

 Frank26  

 [Former banker & Federal bank examiner with the US Treasury - Bill update] 

 Let me just say what I'm going to do...Say I bank with Chase Bank...I'll Google them, find out where is their private bank division... That's where the upper net worth [people go]...You already know what the rate is going to be. 

 The question becomes what are they going charge you for a fee.  That can be significant, it could be anywhere from 1% to 3%.  You want to get it down...It's not locked in.  I think it's negotiable.

The more you bring to the table the better negotiating position you're in...Take two people. 

 Ask for whoever is in charge.  Don't talk to anybody else, not a teller, not a customer service representative. 

 I would set up a meeting and say this is why I'm coming in, this is what I'd like to talk about, when can we get together...Keep it simple.  Know the value going in...The only thing you want to do is determine what is going to be their exchange fee and can you negotiate it...I recommend that folks check out two or three different banks...It's going to become very very competitive.

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

 

Iraq's Internal Debt Between Security Crises, Oil And The Pandemic, 20 JAN

 Iraq's Internal Debt Between Security Crises, Oil And The Pandemic

Time: 2025/01/18 10:46:25 Read: 1,495 times   {Economic: Al Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained today, Saturday, that the roots of the increase in internal debt in Iraq go back to two stages over a decade. 

The first stage was linked to the security/financial crisis that occurred during the war on ISIS terrorism, and the accompanying drop in oil prices to levels in which a barrel of oil lost about 60% of the value of its estimated revenues.

Saleh added in his statement to {Euphrates News} that “the impact of this decline was reflected in the revenues of the general budget, in which oil revenues constitute nearly 90% of the total revenues, and that the internal debt is from treasury transfers whose repayment period is one year with an average interest rate ranging between 4 to 5%, in addition to a small portion of other bonds with different repayment periods, all of which are issued by the Ministry of Finance, and followed exclusively by government banks in most cases.”

He pointed out that "the scene was repeated in the second phase, as the domestic debt increased again between 2020 and 2021 due to the financial crisis resulting from the decline in oil prices by almost the same percentage, which coincided with the Corona pandemic (Covid-19) crisis and the closure of the global economy, which was called at the time (the financial/health crisis)."  LINK

DINAR INVESTOR CC HIGHLIGHTS NOTES: EXCELLENT NEWS: Budget Schedules Next, RI 1st!, 20 JAN

 DINAR INVESTOR CC HIGHLIGHTS NOTES: EXCELLENT NEWS: Budget Schedules Next, RI 1st!

Highlights

Summary

In this video, the host provides an update on the current status of the Iraqi budget law and its implications for the Kurdistan region, particularly regarding oil extraction and transportation costs. 

The parliamentary Finance Committee is focused on amending Article 12 of the three-year budget law, ensuring that the Kurdistan region can recapture all costs associated with oil extraction and transportation. 

The host emphasizes that these amendments are not directly related to any changes in currency rates. 

The discussion highlights the procedural steps involved in the approval of the budget law and the budget schedules, with an eye towards the eventual need for a rate change before the new budget schedules can be finalized and sent to Parliament for approval. The host expresses optimism about the developments and suggests that significant announcements regarding the budget schedules could emerge in the near future.

• 🛢️ Focus on Article 12: The amendment to Article 12 of the budget law is crucial for ensuring Kurdistan recaptures all costs related to oil extraction and transportation.
• 📅 Parliamentary Process: The parliamentary Finance Committee is prioritizing the approval of budget law amendments before moving on to the budget schedules.
• 💰 Oil Pricing: The cost of oil extraction from the Kurdistan region is set to change from $6 to $16 per barrel, highlighting the financial adjustments being made.
• 📉 Rate Change Clarification: The amendments have no direct connection to changes in the currency rate, which remains a separate issue.
• 📊 Budget Schedules Importance: The budget schedules need a rate change before they can be approved, indicating a critical relationship between currency value and budgetary allocations.
• 🗓️ Future Prospects: The host is hopeful for a timeline to be established for the approval of budget schedules in the coming week.
• 🌟 Overall Optimism: Despite the complexities, there is a sense of positive momentum in the processes being undertaken by the Iraqi Parliament.

Key Insights

• 🔍 Insight 1: Legislative Procedure
  The legislative process in Iraq is complex, and the current focus on amending Article 12 signifies a strategic approach to ensure that the Kurdistan region’s financial interests are safeguarded. Understanding this procedure is crucial for stakeholders who are monitoring the economic stability and governance of the region.

• 🚀 Insight 2: Economic Implications
  The shift in oil pricing from $6 to $16 per barrel reflects not only a financial adjustment but also a broader strategy to ensure sustainability in revenue generation for the Kurdistan region. This change could have far-reaching implications for budgetary allocations and economic planning.

• 🔄 Insight 3: Currency Rate Dependency
  The necessity for a currency rate change before the approval of budget schedules underscores the relationship between fiscal policy and monetary stability. This dependency indicates that stakeholders must be attentive to currency fluctuations, as they directly impact budgetary frameworks.

• ⏳ Insight 4: Timeline for Approvals
  The expectation for an announcement regarding the timeline for budget schedule approval in the near term suggests that there is a proactive approach from the Iraqi government. Stakeholders should keep an eye on these developments as they could influence market conditions and investment decisions.

• 🎯 Insight 5: Risk Management
  The host’s emphasis on the need for a rate change introduces an element of risk management within the budgetary process. Investors and policymakers must consider potential volatility in currency valuation as they navigate fiscal policies and economic strategies.

• 📈 Insight 6: Stakeholder Engagement
  The ongoing discussions in Parliament highlight the importance of stakeholder engagement in the budgetary process. The involvement of various committees and representatives indicates a collaborative effort to address the unique challenges facing the Kurdistan region, fostering a sense of community and shared responsibility.

• 🏛️ Insight 7: Focus on Oil Revenue
  The focus on oil extraction and transportation costs signifies the critical role of oil revenue in Iraq’s economy. As oil remains a key economic driver, understanding its implications on budgets and currency valuation will be essential for stakeholders looking to invest in or support the region’s economic development.

In conclusion, the updates provided in the video reflect significant developments in the Iraqi budget law that have implications for the Kurdistan region’s oil revenue and overall economic health. The ongoing legislative processes, the need for a currency rate change, and the hopeful outlook for budget schedule approvals are critical points of interest for investors, policymakers, and stakeholders in the region. The complexities of the situation require careful monitoring and strategic planning to navigate the evolving landscape of Iraq’s fiscal policies.