Monday, January 27, 2025
Governor Of The Central Bank: We Provide The Necessary Support To International Companies Wishing To Invest In Iraq, Including American Companies And Banks., 27 JAN
Governor Of The Central Bank: We Provide The Necessary Support To International Companies Wishing To Invest In Iraq, Including American Companies And Banks.
Sunday 26 January 2025 | Economic Number of readings: 332 Baghdad / NINA / The Governor of the Central Bank, Ali Al-Alaq, confirmed that the Central Bank provides the necessary support to international companies wishing to invest in Iraq, including American companies and banks.
The Central Bank of Iraq stated in a statement: "The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, met today with the Vice President of the American Chamber of Commerce, Steve Lutes, and the President of the American-Iraqi Business Council and his accompanying delegation in Baghdad."
He pointed out that "the meeting discussed the banking and economic relations between the two countries and the upcoming visit of the Central Bank of Iraq delegation to Washington and their meeting with the American Chamber of Commerce and American companies next April."
He continued that "the meeting discussed the desire of American companies to invest in the energy, infrastructure and modern technology sectors and to invest in the security stability witnessed by Iraq. The two parties also discussed the mechanisms of international trade and the process of Iraq's transition to fully operating in external transfers through correspondent banks."
During the meeting, the governor stressed that "the Central Bank of Iraq supports the economic growth process in Iraq and provides the necessary support to international companies wishing to invest in Iraq, including American companies and banks," noting "the importance of diversification in investment sectors." /End https://ninanews.com/Website/News/Details?key=1182121
TIDBIT FROM SANDY INGRAM, 27 JAN
Sandy Ingram
Germany's currency, the Deutsche Mark, began to significantly increase in value in 1948...however, the real boost to the Deutsche Mark's value and purchasing power came in the following decade, during the 1950s, as West Germany experienced the Wirtschasftswunder or economic miracle.
The Deutsche Mark's strength was tied to West Germany's rapid industrial recovery, strong export performance, and prudent monetary policies. By the mid-1950s, the Deutsche Mark was considered one of the most stable and valuable currencies globally...
However there is something else that Germany did that Iraq has not accomplished. Germany disconnected from anything and everything concerning WWII or the previous German leader...The German people showed a remarkable and consistent desire to assimilate with the world. Iraq has not shown this level of commitment as a whole.
Minister Of Trade Calls For Holding A "Made In America" Exhibition In Iraq And The Presence Of American Companies In The Baghdad Exhibition Sessions, 27 JAN
Minister Of Trade Calls For Holding A "Made In America" Exhibition In Iraq And The Presence Of American Companies In The Baghdad Exhibition Sessions
Sunday 26 January 2025| Economic Number of readings: 158 Baghdad/ NINA / Minister of Trade Athir Dawood Al-Ghariri discussed with the US Chargé d'Affaires in Baghdad, Ambassador Daniel Rubinstein, Vice President of the US Chamber of Commerce and Chairman of the Iraqi-American Business Council Steve Lutes, and the accompanying delegation, ways to enhance economic and trade relations between Iraq and the United States.
The Ministry of Trade said in a statement, "The Minister stressed during the meeting Iraq's keenness to strengthen its economic relations with the United States within the framework of the government's orientations towards approving and implementing economic reforms to improve the business and investment environment.
Al-Ghariri pointed out, according to the statement, the exceptional efforts made by the Ministry in coordination with government agencies to hold the third round of negotiations for Iraq's accession to the World Trade Organization after a 16-year hiatus, as Iraq submitted files for goods and services and reviewed economic reforms, including the legislation of the Intellectual Property Law.
The Minister explained: "Iraq seeks to simplify the procedures for the work of American companies inside the country to support trade and investment between the two countries," referring to self-sufficiency in local wheat during the past two years, with the continuation of work on the memoranda of understanding signed with the American side related to the country's needs.
He called on American companies to hold a "Made in America" exhibition inside Iraq and organize a forum between the Iraqi and American private sectors to review investment opportunities and available projects,
and hoped that American companies would be present in the sessions of the Baghdad International Fair.
For his part, Ambassador Rubinstein expressed his aspiration for more cooperation and openness between the two countries, referring to the economic reforms that Iraq is witnessing to improve the business and investment environment. He also announced preparations for a visit by a delegation of American businessmen to Iraq next April.
In turn, Steve Lutes thanked the Ministry of Commerce for its support for the work of American companies, praising the Iraqi efforts to improve the business environment and encourage investments.
The statement added: "The two parties agreed to enhance cooperation to expand the business base and strengthen economic and trade relations in a way that serves the common interests of the two countries." / End https://ninanews.com/Website/News/Details?key=1182141
JON DOWLING UPDATE, 27 JAN
Jon Dowling
President Tromp is dropping Nesara/Gesara comms all over the place!
He just nationalized XRP, XLM, Sokana and other coins in three executive orders he signed the other day. In addition to bringing us into the ISO 20022 blockchain world, he’s removing the private central bank corrupt system. That’s ultimately how he will eliminate all the debt!
Meanwhile, he’s dropping the oil prices in order to give Americans relief, but in the process he’s putting major pressure on Iraq to RV so they can’t subsist alone on oil revenues. Simply a brilliant 5D chess move!
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