FIREFLY:Mr. Sammy said that the news about the budget is saying...parliament voted on the incursion of the budget and they did say that the numbers they were given were in the billions not the trillions like usually.
FRANK: If they were in the billions then we have a new exchange rate. Because 1310 creates numbers in the trillions.
You know that, I know that and the CBI knows that...Slowly but surely it is a form of monetary reform education to you. You can call it an innuendo...A fuse is lit.
When you light a fuse an explosion of purchasing power is coming.
US banks want to invest in Iraq, central bank will provide support
1/26/2025
Baghdad -
Today, Sunday, the Governor of the Central Bank of Iraq, Ali Al-Alaq, discussed with the Vice President of the American Chamber of Commerce, Steve Lutes, the banking and economic relations between the two countries, in addition to the desire of American companies and banks to invest in Iraq, while Al-Alaq confirmed that the Central Bank will provide the necessary support to those companies and banks.
His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, received Mr. Steve Lutes, Vice President of the American 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 in Iraq.
During the meeting, His Excellency 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.
The two parties also discussed the mechanisms of international trade and the process of Iraq's transition to fully operating foreign transfers through correspondent banks.
FRANK26: "GOLD WILL CHANGE MANY CURRENCIES SOON.".......F26
Economist: Trump is changing the rules of the economic game through gold
1/26/2025
Economic expert Basem Jamil Antoine considered that the statements of former US President Donald Trump regarding gold reflect “a trend towards speculation instead of focusing on the industry.”
Antoine told {Euphrates News} that: "Trump's recent statements about resorting to gold in the economy may subject this process to speculation by major capitalists and influential people who head to areas of power and profit and convert gold into homes and real estate, away from industrial sectors and production that need a long time to build."
He added, "The ground from which Trump came is his original work as a speculator and he does not believe in industrial work and the main goal is to achieve profits and gain from the United States from gold, oil or weapons, and this is a non-industrial process." Antoine explained that "industrialists have a long breath and Trump's breath goes to deals that achieve imaginary profits in a short period of time."
The statements of former US President Donald Trump about gold came in the context of his talk about global economic transformations. Trump indicated that the US economy may witness a transformation if there is a greater trend towards using gold as an economic tool, instead of relying on paper currencies. He considered that this trend may encourage major capitalists and investors to transfer wealth into gold and real estate, instead of investing in productive sectors that need a long time to grow.
Raghad
'Reforming the house of representative in Iraq took effect yesterday .
New members for the house of representative
Effective January 29, 2025
Now, bills will pass like kidney stone
Since they are new and trying to prove themselves
These new members will be in the house of Representative on Sunday
LFGGGG
