REINALDO JC : IRAQ—While we investors wait for the rate to change…!!‪@DINARREVALUATION‬ #iraqidinar

 

Today.. Baghdad International Fair kicks off with the participation of 20 countries and 1000 companies, 2 FEB

 Today.. Baghdad International Fair kicks off with the participation of 20 countries and 1000 companies

The 48th session of the Baghdad International Fair opens today, Saturday, with the participation of 20 countries and more than 1,000 local and international companies.

Minister of Trade Athir Dawood Al-Ghariri announced the completion of all preparations for the launch of the 48th session of the Baghdad International Fair.

Al-Ghariri stressed that "this edition will be distinguished by the diversity and size of the participation, as its activities will start today, Saturday, February 1, and will continue until the 7th, under the patronage of Prime Minister Mohammed Shia Al-Sudani and under the slogan "Investment - Development - Prosperity", with the participation of 20 Arab and international countries and more than 1,000 local and international companies.

He pointed out that "the Baghdad International Fair represents a point of attraction and attraction for foreign investors," adding that "this year will be different from previous versions in terms of the diversity of economic, cultural, and artistic events."  link

FIREFLY: Iraq parliament just said they are going pass the budget law amendments this coming Sunday!!!, 2 FEB

 Frank26 

 [Iraq boots-on-the-ground report] 

 FIREFLY:Iraq parliament just said they are going pass the budget law amendments this coming Sunday... 

 FRANK:  IMO it really looks like all the laws are about to be passed based on what you've been sending me.  It really looks like the budget is about to be exposed, maybe Sunday. I don't know. 

 It really looks like the new exchange rate is about to be introduced...Sunday might be very explosive.  We may need a few days after Sunday, I don't know.

MZ: I am hearing they have sped things up massively in the last 10 days!...

Are The Large Cash Reserves Really Reassured Or Hide A Future Financial Crisis?, 2 FEB

Are The Large Cash Reserves Really Reassured Or Hide A Future Financial Crisis?
 
Jan 30, 2025 Last update: Jan 30, 2025   Independent/- Despite the remarkable development in the monetary reserves of Iraq, where he ranked third in the Arab world for 2024 after Saudi Arabia and the UAE,  the economic situation in the country is still marred by ambiguity and questions, which makes these numbers a source of controversy instead of pride.

A comfortable number ... but what next?
 
Some sources have announced that Iraq has cash reserves estimated at about $106.7 billion, which is considered greater than the size of the exported currency.
 
It is assumed that this is considered a "wall" wall in front of potential crises, and gives positive signals to foreign investors. But the real question is:
 
Do these reserves really represent a real "stability"?
 
Do these numbers reflect the reality of the Iraqi economy?
 
Despite these figures, the  Iraqi economy still depends excessively on oil as a major source of income, which exposes it to any fluctuations in global oil prices.
 
It is true that Iraq has good cash reserves compared to some Arab countries,
 
but most of its economic projects remain involved in unaccounted risks.
 
Can we really consider these reserves as an economic stability tool, while
 
     debts are still ongoing, and
     non-oil resources are almost non-existent?
 
Is Iraq ready to deal with future crises?
 
Although some experts, such as Dr. Nabil Al -Marsoumi, consider that critical precautions are great enough to finance internal projects and protect the Iraqi dinar,
 
it is not possible to ignore the fact that cash reserves are not the only solution to crises. As Imad Al -Muhammadawi indicated,
 
diversity in income sources will be the main factor for real financial stability.

Great allocations, where do you go?
 
With the allocation of 500 billion dinars for service effort projects, the most prominent question remains:
 
Will this money be optimized?
 
Iraq has beautiful numbers, but is this enough to stimulate sustainable development?
 
Or are these numbers only used in projects that are not concluded?
 
Controversy summary:
 
In the end, cash reserves remain mere numbers on paper unless they are translated into realistic economic policies that
 
     diversify income,
     reduce dependence on oil, and
     contribute to achieving real development that touches the lives of citizens.    
  
https://mustaqila.com/هل-الاحتياطيات-النقدية-الكبيرة-للعرا/   

MILITIAMAN CC HIGHLIGHTS NOTES, 2 JAN

 MILITIAMAN CC HIGHLIGHTS NOTES

Highlights

Summary

In this video, the speaker shares insights about recent developments in Iraq’s financial and economic landscape, emphasizing the significance of cross-border payments and reforms in enhancing the integrity of financial transactions. 

The discussion highlights the partnership between the Institute for Financial Integrity and the National Bank of Iraq, which aims to improve compliance with international standards. The speaker also notes upcoming events such as the Baghdad International Fair, which will see the participation of numerous local and foreign companies, reflecting Iraq’s ambition to attract investment. 

The video further touches on Iraq’s growing economic ties with Egypt, focusing on regulatory cooperation in financial markets. Overall, the speaker expresses optimism about Iraq’s current trajectory, particularly in terms of economic development and stability.

• 🌟 Financial Integrity Initiative: The Institute for Financial Integrity launches a training program for the National Bank of Iraq to enhance compliance with international payment standards.
• 🌍 Baghdad International Fair: The upcoming fair will host over 1,000 local and foreign companies, showcasing Iraq’s efforts to attract investment and boost its economy.
• 🤝 Iraq-Egypt Cooperation: A memorandum of understanding is signed between Iraq and Egypt to strengthen regulatory frameworks in financial markets and promote economic growth.
• 🚀 Economic Renaissance: The speaker describes Baghdad as experiencing an economic renaissance, with significant development and urban revitalization underway.
• 📅 Key Legislative Discussions: The parliament is set to vote on Article 122C of the general budget law, a significant step for Iraq’s budgetary process and economic management.
• 🎉 Cultural and Tourism Initiatives: Preparations are underway for the celebration of Baghdad as the capital of Arab tourism, reflecting a broader strategy to develop the tourism sector.
• 🔗 Regional Stability and Cooperation: The video emphasizes the importance of political and social stability in Iraq, with statements from key political figures highlighting the collaborative efforts for development.

Key Insights

• 📈 Investment in Compliance: The launch of the training program by the Institute for Financial Integrity is a crucial step for Iraq’s financial system. It represents a commitment to align with international standards, which is essential for attracting foreign investment. The focus on compliance not only enhances the reputation of Iraq’s financial institutions but also fosters trust both domestically and internationally.

• 🌐 Cross-Border Payment Reforms: The emphasis on cross-border payments indicates a broader strategy to integrate Iraq into the global financial system. This move is vital for the country’s economic future, as it allows for smoother international transactions, which can facilitate trade and investment. The partnership with K2 Integrity underscores the seriousness of these reforms.

• 📊 Economic Diversification: The upcoming Baghdad International Fair, with its participation from over 1,000 companies, signifies a shift towards economic diversification. Historically reliant on oil, Iraq is now actively seeking to bolster other sectors, including trade and tourism. This diversification is crucial for long-term economic resilience and growth.

• 🔍 Regulatory Framework Enhancements: The memorandum of understanding between Iraq’s Securities Commission and Egypt’s financial authority points to a concerted effort to enhance regulatory frameworks in both countries. This cooperation is essential for ensuring market stability and transparency, which are attractive features for investors.

• 🏛️ Political Stability as a Foundation for Growth: The remarks from Amar Hakim regarding Iraq’s new phase of stability are significant. Political cohesion is essential for the successful implementation of economic reforms and for creating an environment conducive to investment. Stability allows for long-term planning and the attraction of foreign businesses.

• 🎊 Cultural and Economic Synergy: The designation of Baghdad as the capital of Arab tourism showcases Iraq’s intent to leverage its rich cultural heritage as a driver of economic growth. This initiative can stimulate local economies, create jobs, and enhance international perceptions of Iraq as a tourist destination.

• 💡 Future Prospects and Optimism: The speaker’s personal reflections on the positive changes occurring in Iraq indicate a broader sentiment of optimism within the community. This positive outlook is vital, as it can foster a supportive environment for further reforms and investments. The call for unity and cooperation suggests that the Iraqi population is ready to embrace and support these developments.

In conclusion, the video encapsulates a moment of significant potential for Iraq, as it navigates through economic reforms and international partnerships aimed at fostering a more integrated and resilient financial landscape. The speaker’s insights underscore the importance of stability, compliance, and cooperation as pillars of growth in this evolving economic environment.

PIMPY: Iraqi Dinar update for 01/31/25 - Is this true