DINAR REVALUATION

Wednesday, January 29, 2025

Reinaldo JC: The CBI needs to EXPOSE/CHANGE/INCREASE the Dinar rate! for approve the Budget! #iqd

Sudanese reviews the salary file of Kurdistan.. A delegation from the region visits Baghdad on Friday, 29 jan

Sudanese reviews the salary file of Kurdistan.. A delegation from the region visits Baghdad on Friday

The Undersecretary of the Ministry of Finance, Ribaz Hamlan, announced on Tuesday that he discussed the salary file of Kurdistan Region employees with Prime Minister Mohammed Shia Al-Sudani.

“We visited Prime Minister Mohammed Shia Al-Sudani, and discussed during the meeting the financial situation and the challenges we face during the current year, then we informed the Sudanese about the budget and salaries of the employees in the Kurdistan Region, and the message of the Prime Minister of the Kurdistan Region Misroor Barzani came during the last extraordinary meeting of the Council of Ministers of the Regional Government on this situation, which was held on the 11th of this month,” said in a statement.

He added, “I explained to the Prime Minister in detail all the steps that the Kurdistan Regional Government and the Ministry of Finance are working on on a daily basis in the presence of representatives of the Federal Ministry of Finance, but the salaries of the employees of the region are very late, and then I mentioned that the demands of the Kurdistan Region is within the framework of the Constitution to treat it as a region, the budget law and the decisions of the Federal Court and apply them as they are regarding the financial dues of the region.”

He concluded his statement: “Everyone is waiting for a meeting next Friday in Baghdad between the delegations of the Kurdistan Regional Government and the Federal Ministry of Finance headed by Fouad Hussein, Deputy Prime Minister and Chairman of the Iraqi Economic Council.”

https://alforatnews.iq/news/السوداني-يطلع-على-ملف-رواتب-كردستان-ووفد-من-الإقليم-يزور-بغداد-الجمعة

IRAQ UPDATE, 29 JAN

IRAQ UPDATE

HIGHLIGHTS

🌟 Renewed Hope for Iraq: 2024 is projected to be a pivotal year for Iraq’s economic transformation, offering optimism for stability and prosperity.
📉 Economic Reforms Gaining Momentum: The Central Bank of Iraq is finally implementing overdue reforms aimed at modernizing the financial system.
🤝 External Pressure from the U.S.: The U.S. is playing a significant role in pushing for these reforms, recognizing Iraq’s potential as a key economic partner.
🏛️ The 122c Amendment: This mysterious amendment is speculated to be critical for the economic transition, with its unveiling being strategically timed.
📊 Governor Ali al-Alak’s Leadership: Alak’s emphasis on anti-corruption and financial reform is key to Iraq’s modernization efforts.
🌍 Global Ripple Effects: A stable Iraqi economy could positively impact global energy markets and provide economic opportunities for the U.S. amid its own financial pressures.
⏳ Patience is Key: The video stresses the importance of patience in navigating Iraq’s complex political and economic landscape.

Key Insights

🌐 The Importance of Economic Stability: Iraq has long been riddled with issues such as corruption and outdated monetary policies, which have inhibited its economic growth. The new reforms aim to establish a more stable financial environment, which is crucial for attracting foreign investments and improving trade relations. This stability is not just vital for Iraq but could also aid in the recovery of global markets that have been affected by various economic crises.
🔍 Strategic Timing of the 122c Amendment: The potential unveiling of the 122c Amendment is seen as a critical moment in Iraq’s reform process. The timing of its release is crucial; if it aligns with other reforms, it could provide a strong foundation for Iraq’s transition. Conversely, an untimely release could create complications, indicating that the Central Bank’s strategy is designed to minimize risks and maximize impact.
💼 U.S. Influence on Iraqi Reforms: The video highlights an unprecedented level of external pressure from the United States, which is advocating for Iraq to finalize its economic reforms. This influence suggests that the U.S. sees Iraq not just as a recovering nation, but as a potentially significant economic partner. The stakes for both nations are high, as a stable Iraq could serve as a buffer against global economic instability.
🔑 Leadership in Transformation: Governor Ali al-Alak’s calculated approach to reform is pivotal. His focus on modernizing the banking infrastructure, implementing digital payments, and enhancing anti-money laundering measures reflects a comprehensive strategy aimed at aligning with international financial standards. This leadership style, while criticized for being slow, is essential for ensuring that reforms are sustainable and effective in the long term.
📈 Potential Benefits for Ordinary Citizens: The anticipated economic reforms could lead to numerous benefits for the average Iraqi citizen, including financial security, reduced inflation, and improved living standards. By stabilizing the currency and attracting foreign investments, these reforms have the potential to create new job opportunities and enhance overall quality of life.
🌎 Global Economic Implications: The video discusses the broader implications of a stable Iraqi economy on global markets, particularly in the energy sector. A financially secure Iraq could help ease volatility in oil prices and contribute to overall economic stability, which is crucial for international markets currently facing uncertainty due to geopolitical tensions and inflationary pressures.
⚠️ Cautious Optimism: While there is a sense of optimism regarding the reforms, the speaker urges caution. The political landscape in Iraq remains fragile, and challenges persist. The success of the reforms hinges not only on the actions of the Central Bank but also on the political will and stability within the country. The unveiling of the 122c Amendment will be a decisive moment that could either validate the current strategy or reveal underlying issues that need to be addressed.

FIREFLY: Forex would be international and like you want, the float!! @DINARREVALUATION #iraqidinar

Iraqi President: The decision of the factions has become in the hands of the government and there is no justification for integrating the crowd, 29 JAN

Iraqi President: The decision of the factions has become in the hands of the government and there is no justification for integrating the crowd

Shafaq News / Iraqi President Abdul Latif Jamal Rashid confirmed on Tuesday that the armed factions are now following the directives of the government, among the fact that the Popular Mobilization is part of the security forces and there is no justification to talk about its integration with the Ministries of Defense and Interior.

“The security situation in Iraq is good and our relations with neighboring countries are good, and currently the focus is on providing services and infrastructure for citizens, and we want to cooperate with the countries of the region and Europe to invest in Iraq,” Rashid said in an interview with France 24, on the sidelines of his participation in the World Economic Forum in Davos, Switzerland.

He added that “the factions are Iraqi factions, and the recent government’s decisions stipulated that all their activities must be under the guidance of the government, and for a while there has been a lull,” noting that “some factions are linked to the Popular Mobilization, and therefore it is part of the security forces.”

On whether talk is being talked about integrating the Popular Mobilization with the Ministries of Defense and Interior, Rashid explained that “the Popular Mobilization is part of the security forces, there is no justification to raise these issues, and the government is in control of the situation and there have been no problems for a while.”

Regarding the statement of Iranian Supreme Leader Ali Khamenei about supporting the crowd and adhering to it, and whether it is considered interference in Iraqi affairs, the president said that “Iraq is an independent state and its decision is in the hands of the state and we preserve our independence, and the proposals are directed not only to Iraq, but most countries hear recommendations, and what Khamenei said is a statement for him.”

It is noteworthy that Iraqi President Abdul Latif Jamal Rashid said in an interview with Sky News Arabia a few days ago that the activity of armed factions stopped, based on government intervention, and imposed decisions on them.

https://www.shafaq.com/ar/سیاسة/الر-يس-العراقي-قرار-الفصا-ل-صبح-بيد-الحكومة-ولا-مبرر-لدمج-الحشد

FIREFLY: issues with oil and gas will always persist until a new rate appears!!, 29 JAN

Frank26

[Iraq boots-on-the-ground report]

FIREFLY:Mr Sammy said...issues with oil and gas will always persist until a new rate appears. That's the only thing that will actually solve all this [disagreement between Baghdad and Kurdistan]

FRANK: Yeah, that's absolutely right. I agree. All we need is the new exchange rate. Everything else will iron itself out.