FIREFLY: THEY WILL COEXIST!! @DINARREVALUATION #iraqidinarinvestor #iraqidinar

 

The coordination framework agrees to replace the head of the Popular Mobilization Commission, 29 JAN

The coordination framework agrees to replace the head of the Popular Mobilization Commission

Shafaj News / An informed source revealed on Tuesday an agreement between the leaders of the coordinating framework to change a number of heads of bodies and institutions, in line with the government program and the current political stage.

The source told Shafaf News Agency that an agreement was made between the leadership of the framework to change the heads of some bodies and institutions in line with the government program currently implemented by the state and in line with the directions of the stage.

According to the agreement, the source says that the head of the Popular Mobilization Commission will be replaced, Faleh Al-Fayyad, pointing to the nomination of a number of alternative names led by leaders in the Dawa Party and another from an armed and political faction in the framework of the management of the Popular Mobilization Commission.

The source said that the head of the State of Law Coalition, Nuri al-Maliki, is working “vigorously” to appoint a candidate before him to head the crowd.

Faleh al-Fayyad took over the leadership of the Popular Mobilization Authority in Iraq in 2015, after being appointed by then-Iraqi Prime Minister Haider al-Abadi.

His appointment to this position at the time came after several security positions were appointed, including the Iraqi National Security Advisor.

https://www.shafaq.com/ar/سیاسة/ال-طار-التنسيقي-يتفق-على-استبدال-ر-يس-هي-ة-الحشد-الشعبي

TIDBIT FROM FNU LNU, 29 JAN

 Fnu Lnu  

If it were me, I would set the rate high to start and would be a stand alone or sovereign currency.  This would allow...the market to adjust the currency as it will. If set high enough, Iraq would be paying off debt at the minimum advantage ratio and as the currency falls in value, it will find its equilibrium and stabilize. 

This would... maximum value when paying off debts and buying supplies for infrastructure/ imports.

 Once stabilized, then enter into a basket of currencies with assurance that the value would remain stable for a long time to come. This is logical, economically safe if not conservative, and would allow us to get the max for our investments up front. This is my idea of a win/win scenario. If I can deduce this, rest assured they have already considered it long ago. 

JEFF: THE 'development renaissance' in Iraq" MUST COME FIRST BEFORE THE CHANGE OF RATE!! #iraqidinar

 

Iraq is on the ver of an economic renaissance.” Sudanese Advisor Reveals Plans for the Next Stage, 29 JAN

 Iraq is on the ver of an economic renaissance.” Sudanese Advisor Reveals Plans for the Next Stage

Shafaq News / Mazhar Mohammed Saleh, economic and financial adviser to Iraqi Prime Minister Mohammed Shia Al-Sudani, revealed on Tuesday the expected economic situation of the country during the next phase.

Saleh told Shafaq News that “Iraq enjoys high economic capabilities, as it is witnessing a cohesion between a renaissance in infrastructure on the one hand, and strategic development thinking on the other hand, foremost of which is the development path that will attract local and international investments, in addition to the active government contribution, which will constitute an unprecedented renaissance in the country, especially in the residential urbanization sector and the new cities that have launched their projects and will not stop, which is the best way for economic well-being on the one hand and raise the level of employment in the country on the other hand.”

He pointed out that “Iraq also enjoys unprecedented price stability, as the annual price growth rate did not exceed 2.9% against a rise in GDP growth of 6%, which makes Iraq walk on the path of sustainable economic development at a steady pace, and all governorates are witnessing remarkable progress.”

Saleh continued that “the National Development Plan for the years 2024-2028 seeks to enhance the contribution of the industrial sector to GDP to about 2.2%, after remaining less than 1.8% in previous years,” noting that “this launch will come through the diversification of the industrial sector, both private and governmental, with a focus on the transition from crude oil production to the production of petroleum derivatives and the petrochemical industry.”

Saleh stressed that “Iraq is the ninth country in the world in natural resources, as its territory includes more than 16 trillion US dollars worth of these resources in terms of market value,” pointing out that “investment in and manufacturing these natural resources will increase the added value for them for several times, whether for the purposes of national industries or export.”

He explained that “the National Development Plan refers to efforts to rebuild the pillars of the manufacturing industry through real partnerships with the private sector, where the state contributes to financing manufacturing by 85%, while the private sector bears 15% of the financing.”

Saleh added that “the financing strategy includes industrial projects on five levels, foremost of which are projects related to reconstruction and housing or those related to development path works, and then pharmaceutical industries, with a focus on the government’s economic philosophy, which is based on the partnership between the state and the market with broad social security. This vision moves away from economic liberalism and its risks.”

He added that “Riyada Bank was established to provide small and medium-sized loans to young people, after the Prime Minister’s Riyada initiative, which paved the way for providing thousands of loans to the youth sectors and moving their innovations and initiatives. It shows that 60% of the workforce is absorbed in small and medium-sized industries, while continuing to strategic national industries such as petrochemicals and digital.”

Saleh concluded his remarks by saying: “This is an important shift in the face of sustainable unemployment conditions, as unemployment rates have currently fallen to about 14%, and are expected to continue to fall to normal levels of no more than 4% of the total labor force, which is what we look forward to providing about half a million new job opportunities for people of working age, who are able and willing to work.”

https://www.shafaq.com/ar/اقتصـاد/العراق-على-عتاب-نهضة-اقتصادية-مستشار-السوداني-يكشف-خطط-المرحلة-المقبلة

MILITIAMAN CC HIGHLIGHTS NOTES, 29 JAN

 MILITIAMAN CC HIGHLIGHTS NOTES

Highlights

Summary

In a recent video, the presenter discusses significant developments in Iraq’s financial landscape, including a meeting between the Prime Minister of Iraq and the CEO of the Abu Dhabi Securities Exchange.

 They signed a memorandum of understanding (MOU) aimed at enhancing cooperation and expertise between Iraqi and UAE financial markets, which reflects Iraq’s commitment to attracting foreign investments and strengthening its financial sector.

 The presenter highlights Iraq’s robust foreign currency reserves exceeding $100 billion, bolstered by gold reserves, and emphasizes the importance of these assets in ensuring the stability of the Iraqi dinar.

 The discussion also touches upon Iraq’s initiatives to embrace modern technologies in banking and finance, the role of the Central Bank in maintaining economic stability, and the potential benefits of digital transformation. The presenter encourages viewers to engage with their content and join their community for further insights.

• 📈 Strategic Partnership: Iraq’s Prime Minister and the CEO of the Abu Dhabi Securities Exchange signed an MOU to bolster cooperation in financial markets.
• 💰 Foreign Reserves: Iraq’s foreign currency reserves surpass $100 billion, providing significant stability for the dinar.
• 🌍 Foreign Investment Focus: The partnership aims to attract foreign investments and promote economic integration, especially with the UAE .
• 📊 Digital Transformation: Iraq is set to leverage advanced technologies to modernize its financial sector and enhance banking operations.
• 🔍 Central Bank Stability: The Central Bank of Iraq maintains low inflation and controls liquidity, ensuring financial stability.
• 🤝 International Cooperation: Discussions with the American Chamber of Commerce highlight the importance of U.S. technology in developing Iraq’s digital economy.
• 💡 New Economic Era: The U.S. Treasury Secretary’s vision of a gold-backed currency and tax reforms signals a potential shift in global economic paradigms.

Key Insights

• 🌟 Iraq’s Market Readiness: The MOU with the Abu Dhabi Securities Exchange indicates that Iraq is positioning itself as an emerging market for international investors. By aligning with global practices and inviting foreign partnerships, Iraq is signaling that it is open for business, which could attract significant capital inflow.

• 🏦 Importance of Gold Reserves: The video highlights that Iraq’s gold reserves, valued around $16 billion, play a crucial role in providing security and backing for the local currency. This is vital for maintaining confidence among investors and stabilizing the economy, especially in light of historical currency fluctuations.

• 🌐 Technological Advancements : The commitment to integrate advanced technologies in the financial sector is pivotal. The focus on modernizing trading, clearing, and supervision through digital transformation could enhance operational efficiency and attract tech-savvy investors looking for innovative markets.

• 📉 Inflation Control: The Central Bank’s report of low inflation rates between 3.1% and 3.7% reflects effective monetary policy. This stability is crucial for fostering a conducive environment for both local and foreign investments, as it reduces the risks associated with high inflation rates.

• 🤖 Digital Economy Development: The collaboration with the American Chamber of Commerce emphasizes the necessity of enhancing Iraq’s digital economy. By fostering relationships with U.S. tech companies, Iraq can modernize its technological infrastructure, which is essential for sustainable economic growth and diversification.

• 📈 Restoration of International Trust: The Central Bank’s focus on transparency and financial disclosure aims to rebuild trust with international banking institutions. This commitment is essential for Iraq to reintegrate into the global financial system and attract foreign direct investment.

• 🌍 Global Economic Shifts: The mention of the U.S. Treasury Secretary’s intent to adopt a gold-backed currency suggests a potential shift in global economic policy. This could influence how countries, including Iraq, manage their reserves and interact with international markets, leading to a broader trend of re-evaluating traditional financial systems.

In summary, the presenter’s insights reflect a period of optimism for Iraq’s financial future. The strategic partnerships, substantial foreign reserves, and commitment to technological advancement present a compelling case for investors. As Iraq continues to stabilize and modernize its economy, it may become a significant player on the global stage, attracting both investment and expertise from around the world. The ongoing dialogue between Iraqi officials and international partners is crucial in fostering an environment where economic growth can thrive, and the potential for a flourishing financial market appears promising.

WALKINGSTICK: Trump has declared a mandate to Iraq - Stop using my dollar!! @DINARREVALUATION