Friday, January 31, 2025
FRANK26: "CHAMBER OF COMMERCE... LET'S CHANGE THE EXCHANGE RATE", 31 JAN
KTFA
FRANK26: "CHAMBER OF COMMERCE... LET'S CHANGE THE EXCHANGE RATE".......F26
Governor of the Central Bank of Iraq meets an official delegation from the United States
January 26, 2025
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received Mr. Steve Lutes, Vice President of the US Chamber of Commerce and Chairman of the US-Iraq Business Council, and his accompanying delegation in Baghdad.
During the meeting, they discussed 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 US Chamber of Commerce and American companies next April.
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.
His Excellency the Governor stressed during the meeting 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. The two parties also discussed the mechanisms of international trade and the process of Iraq's transition to fully operating in foreign transfers through correspondent banks. The Director General of the Investment Department and
the Director of Supervision of Non-Banking Financial Companies attended from the Central Bank, in addition to His Excellency the Governor .
During the meeting, they discussed 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 US Chamber of Commerce and American companies next April.
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.
His Excellency the Governor stressed during the meeting 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. The two parties also discussed the mechanisms of international trade and the process of Iraq's transition to fully operating in foreign transfers through correspondent banks. The Director General of the Investment Department and
the Director of Supervision of Non-Banking Financial Companies attended from the Central Bank, in addition to His Excellency the Governor .
Central Bank of Iraq
Media Office
January 26, 2025
Media Office
January 26, 2025
TIDBIT FROM CLARE, 31 JAN
Clare
Article: "Between economic experts’ warnings and government denial, the value of the Iraqi dinar is at stake"
Quote: "...the Iraqi government has any intention to reduce the value of the dinar against the dollar,
despite rumors indicating upcoming measures to confront economic pressures and challenges in the international market...
Any change in the exchange rate during the current stage or within the 2025 budget schedules will lead to negative results, and that is why the government is committed to strengthening the current rate." THE POINT OF THIS ARTICLE IS THAT THEY WILL NOT DEVALUE! RUMORS ARE BEING SQUELCHED. IMO THESE ECONOMISTS ARE NOT GOI OFFICIALS..
THE FINANCE COMMITTEE: OUR PRIORITIES ARE TO CHART A NEW COURSE FOR MANAGING THE FINANCIAL SITUATION, 31 JAN
THE FINANCE COMMITTEE: OUR PRIORITIES ARE TO CHART A NEW COURSE FOR MANAGING THE FINANCIAL SITUATION
The head of the Finance Committee, Atwan Al-Atwani, confirmed today, Wednesday, that the committee has placed at the top of its priorities the development of a new path for managing the financial situation.
A statement by the Finance Committee received by the Iraqi News Agency (INA) stated that “the head of the Finance Committee, Atwan Al-Atwani, met with the delegation currently visiting the United Kingdom, Lord Baroness de Sousa and the Director of the Oversight Unit in the British House of Commons, Alex Knight, each separately, in the presence of specialists from the International Partners Foundation.”
He explained that “the discussions were held on the prospects of joint bilateral cooperation between the Finance Committee in the Iraqi Council of Representatives and the specialized committees in the British House of Commons in terms of legislative and oversight work and the exchange of expertise in all fields, in a manner that serves the interests of the two friendly peoples. ”
The statement continued, “After reviewing the structure of the British House of Commons and the House of Lords and the role of each of them, Al-Atwani stressed the need for the Iraqi Council of Representatives to establish permanent specialized formations of experts and specialists whose mission is to chart the course of legislative work and complete the requirements for enacting laws and consolidating legislation in a manner that achieves the country’s supreme interests and is consistent with development plans and service programs.”
He pointed out that “strengthening the work of the legislative authority with these specialized formations would mature the laws and assess the government’s actual need for the legislation to be enacted, away from personal interpretations.”
During his discussions, Al-Atwani reviewed “a number of files and topics of common interest,” noting that “his committee has prioritized charting a new path for managing the financial situation in the country through a gradual transition to relying on non-oil revenues, especially since Iraq has financial revenue outlets that can be pillars of building the budget, including customs, taxes, investment of state assets, communications, and other government services.”
AJ: THE BUDGET LAW WILL BE PASSED!!, 31 JAN
AJ
Iraq's work week is - Sunday-to-Thursday. It's 8:41 PM in Iraq, On Friday most Iraqi's go to mosque.
Iraq will never announce anything related to money on a Friday because of their religion. So take a break and do somthing fun.
I'll see you all Sunday 
the Budget Law will be passed. Have a great weekend
.
the Budget Law will be passed. Have a great weekend
.
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