Al-Sudani receives the CEO of the Abu Dhabi Securities Exchange and sponsors the signing ceremony of a memorandum of understanding with the Iraqi Securities Commission, 2 8 J AN

Al-Sudani receives the CEO of the Abu Dhabi Securities Exchange and sponsors the signing ceremony of a memorandum of understanding with the Iraqi Securities Commission

Prime Minister Mohammed Shia Al-Sudani received on Monday, the CEO of the Abu Dhabi Securities Exchange Abdullah Salem Al Nuaimi.

A statement from the Prime Minister’s Office said that during the meeting, ways of joint cooperation in the field of exchanging experiences and developing mechanisms for expanding private sector activities to achieve economic growth were discussed.

The Prime Minister sponsored the signing ceremony of a memorandum of understanding between the Securities Commission and the Abu Dhabi Securities Exchange, where the head of the Securities Commission, Faisal, Wissam Al-Himas, and on behalf of the Emirati side Abdullah Al-Nuaimi, signed on behalf of the Iraqi side.

The memorandum of understanding includes axes for cooperation in several fields, the most important of which is strengthening and developing controls over daily trading in the market, brokerage companies, cooperation in the field of conditions and mechanisms of dual listing, and in the development and use of technological applications, applications and mechanisms of subscriptions and initial listings, as well as in the field of suspensions of trading on shares and re-tinding timings, and REIT fund licensing requirements .

The memorandum also included the exchange of experiences in the field of training, especially control and information technology activities, trading and clearing, digital transformation and financial analysis, deposit, fund and portfolio management and control, cooperation in the field of Islamic bonds and sukuk, deposit, settlement and independent financial services, and the requirements and mechanism of opening accounts for foreign investors from abroad.

In light of the memorandum, Emirati investments will be encouraged in the establishment of Iraqi companies with Emirati-Iraqi capital, and their circulation in both markets will be discussed. /End9

DINAR GURUS HIGH;IGHTS, 28 JAN

 DINAR GURUS UPDATE

Highlights

Summary

 Various experts, including MilitiaMan, Frank 26, and Sandy Ingram, provide commentary on the historical value of the dinar, the current economic situation in Iraq, and comparisons to Germany’s post-World War II economic recovery.

 The discussion highlights the importance of currency reform, the impact of oil prices, and the potential for a new exchange rate that could affect the value of the dinar. 

It also touches on Iraq’s latest oil discovery and mentions an executive order related to cryptocurrency signed by President Trump. 

• 📈 Historical Context: The dinar once had a value of $330 in 1987, emphasizing the potential for significant recovery.
• 🔄 Comparative Analysis: Iraq’s recovery post-invasion is contrasted with Germany’s rapid economic recovery after WWII.
• 🔍 Currency Reform: The introduction of a new dinar in 2003 aimed to stabilize the economy, but ongoing instability has hindered its strength.
• ⛽ Oil Dependency: Iraq’s economy is heavily reliant on oil, which influences the dinar’s exchange rate and overall economic health.
• 🔒 Security of New Notes: The Central Bank of Iraq (CBI) is maintaining tight security around new lower denomination notes, indicating a potential change in the exchange rate.
• 🚀 Cryptocurrency Developments: An executive order signed by President Trump may accelerate financial changes, impacting the broader economic landscape.
• 🌍 Future Prospects: Experts suggest that achieving a new exchange rate is crucial for Iraq’s economic stability and growth.

Key Insights

• 📊 Value Fluctuation of Dinar: The historical value of the dinar, particularly its worth in 1987, serves as a benchmark for potential recovery. The significant depreciation since then raises questions about the factors that could reinstate its value. Economic reforms, trade agreements, and the global oil market will play critical roles in determining its future.

• ⚖️ Lessons from Germany: The video draws a parallel between Iraq’s economic situation and Germany’s recovery post-WWII. While Germany successfully implemented currency reforms and integrated into the global economy, Iraq has faced persistent instability. The difference in outcomes underscores the importance of political stability, effective governance, and a commitment to economic reforms for sustainable recovery.

• 💵 Importance of Exchange Rate Reform: Frank 26 emphasizes that Iraq’s budget and major projects cannot function effectively under the current exchange rate of 1310. A new exchange rate is pivotal for facilitating economic development and attracting foreign investment. This reform is essential to align the dinar’s value with its purchasing power, enabling a healthier economic environment.

• 🌐 Oil and Economic Policy: The commentary highlights how oil prices significantly impact Iraq’s economy. The mechanisms by which oil prices are determined, including broker fees and transportation costs, illustrate the complexities within the oil market. A stable oil market is vital for Iraq, as fluctuations can directly affect the dinar’s value and the country’s fiscal health.

• 🔒 Security Measures Regarding Currency: The CBI’s stringent security measures around the new lower denomination notes indicate the importance of preventing speculation and maintaining confidence in the currency. The secrecy surrounding the new notes suggests that significant changes are forthcoming, which could lead to a more stable exchange rate if managed correctly.

• 🔑 Cryptocurrency Executive Order: The mention of an executive order on cryptocurrency suggests a shift in economic policy that could have ramifications for traditional currencies, including the dinar. Understanding how cryptocurrencies will integrate into the broader financial system is crucial for investors and the Iraqi economy, especially in the context of digital innovation.

• 📈 Future Economic Prospects: The discussions about Iraq’s oil discovery emphasize the potential for economic growth. However, without effective governance and strategic planning, these opportunities may not translate into tangible benefits for the Iraqi economy. The need for comprehensive economic policies that promote diversification and stabilize the dinar is essential for a sustainable future.

MNT GOAT:THE IQD NEEDS GAIN ITS VALUE & BE REINSTATED BACK TO THE FOREX FOR INVESTORS LEGALLY USE IT

 

Kirkuk moves forward on Article 140 compensation cases, 28 JAN

 Kirkuk moves forward on Article 140 compensation cases

Shafaq News/ On Monday, the Article 140 Committee in Kirkuk, northern Iraq, reported significant progress in resolving compensation claims for displaced individuals and newcomers, supported by financial allocations from Baghdad.

Hardi Khodr, Director of the Article 140 Committee in Kirkuk, told Shafaq News that “approximately 2,500 displaced individuals and 2,000 newcomers are set to receive payments as part of the government's annual 100 billion Iraqi dinars (approximately $76.7 million) allocation for these cases.” 

“During 2023 and 2024, the committee processed 2,969 compensation claims for newcomers and 1,699 claims for displaced Kurds,” Khodr noted, highlighting the committee’s achievements. “Currently, 5,728 claims for displaced individuals and 3,931 claims for newcomers are updated and ready for disbursement.”

He explained that the Supreme Article 140 Committee in Baghdad oversees the budget and ensures the proper allocation of funds. “The committee streamlines the application process for eligible individuals and forwards cases to the central office, where financial entitlements are issued through official checks,” Khodr added.

Notably, Article 140 of the Iraqi Constitution seeks to address demographic changes imposed by Saddam Hussein’s regime, which displaced original inhabitants—predominantly Kurds—and replaced them with Arab newcomers as part of an Arabization campaign.

The Article outlines a three-phase process: reversing demographic changes, conducting a population census, and holding a referendum for residents to decide whether to join the Kurdistan Region or remain under Baghdad’s administration.

Although implementation was initially set to conclude by the end of 2007, political and security challenges delayed the process. In 2019, Iraq’s Federal Supreme Court ruled that Article 140 remains valid and enforceable until its objectives are fully achieved.

FIREFLY: Television news reporting there is a liquidity issue, 28 JAN

 Frank26 

 [Iraq boots-on-the-ground report]  FIREFLY:Television news reporting there is a liquidity issue, that more than 70% of Iraqi citizens are still hoarding their 3 zero notes and many are not bringing them to the bank.

JULIAN ASSANGE: Dinar $4.21, VND $2.47, Bolivar $.83, ZIM $.30 ‪@DINARREVALUATION‬ #iraqidinar

 

EXCLUSIVE: Iraq’s CF has no concerns about Trump sanctions, eyes stronger ties, 28 JAN

EXCLUSIVE: Iraq’s CF has no concerns about Trump sanctions, eyes stronger ties

Shafaq News/ On Monday, Iraq's Coordination Framework (CF), comprising the Shiite political forces that form PM Mohammed Shia al-Sudani's government, confirmed it has “no concerns” about US President Donald Trump imposing sanctions on the country. 

Ali Nima, a CF MP, told Shafaq News, “The Framework is not concerned about Trump, and the fears of potential sanctions on Iraq are unfounded and far from reality,” adding, “Baghdad and Washington maintain good relations on various levels.”

“The CF does not believe that the Republican president will take any action against Iraq… On the contrary, he will work to strengthen the relationship," he pointed out. "We are striving to enhance this relationship in the upcoming period."

The MP further noted that "the United States is a nation of institutions with a consistent policy toward other countries, including Iraq… Changing the president does not alter this policy or lead to hostile actions against Washington's friends, including Iraq.” 

Since Trump's election victory, Republican lawmakers have reportedly worked to rally the new administration against certain Iraqi figures, accusing some of “full allegiance” to Iran and urging the US president to take action against them.

Trump's new team, experts suggest, includes some of the “strongest opponents” of the Iranian axis and is “highly critical” of the previous administrations of Joe Biden and Barack Obama, believing these administrations handed Iraq over to Iran.