We find out they had 300 businessmen with expertise yesterday, you have 1000 companies coming in tomorrow, you have the 12-2 C for the general budget on the table for Sunday and you have celebrations with TV screens on the streets, in homes and on news websites.
I don't know if you guys see what I see but I don't think there's any coincidences in all the information...but we're going to watch and see because you never know what happens...
I don't think anybody has ever seen what we're seeing today...I'm pretty excited about it just as you should be!
Prime Minister Mohammed Shia Al-Sudani confirmed on Saturday that financial transfers are taking place in compliance with international standards, during the opening of the Baghdad International Exhibition in its 48th session.
Al-Sudani said in his speech during the opening of the Baghdad Exhibition followed by (Fourth): “We open today the 48th session of the Baghdad International Exhibition to be a hopeful addition and look forward to productive and promising partnerships and stronger cooperation that enhances facing challenges and maps well-being and confident economic growth.”
The Prime Minister continued: “I welcome the representatives of 1,225 companies and destinations participating in this year’s session that carry communication messages and constructive partnership plans from 22 brotherly and friendly countries.”
💰 Currency Revaluation Anticipation: Analysts suggest a possible revaluation of the Iraqi Dinar is on the horizon, with many expecting significant changes soon.
📈 Strong Economic Indicators: Iraq’s cash reserves exceed 100% of the issued currency, indicating a robust backing for the Dinar.
🤝 International Engagement: The U.S. Treasury’s involvement in Iraq signifies a commitment to fostering economic stability and collaboration.
🔄 Transition to Digital Economy: Iraq is moving towards a digital age, enhancing its economic transparency and efficiency through electronic payments.
🌠 Gold Reserves Contribution:
Iraq’s gold reserves, valued at approximately $14 billion, play a crucial role in bolstering national financial stability.
🎉 Exciting Upcoming Changes: Financial gurus predict a pivotal weekend with potential announcements that could impact Iraq’s economic landscape.
Key Insights
🌍 The Importance of Currency Revaluation: The anticipated revaluation of the Iraqi Dinar is a focal point for investors. Financial experts believe that dropping the three zeros from the currency’s exchange rate could significantly enhance purchasing power. This move, often termed as a “redenomination,” is expected to stabilize the currency and improve overall economic confidence in Iraq.
📊 Evolving Financial Landscape: The shift towards electronic payments, as discussed by various gurus, signals a transformative phase in Iraq’s economic infrastructure. The Finance Committee’s promotion of electronic payment systems aims to reduce costs associated with paper currency and enhance transparency, which is essential for attracting foreign investment.
🇺🇸 Strengthening U.S.-Iraq Relations: The recent visit of the U.S. Treasury Secretary to Iraq is viewed as a critical step in solidifying ties between the two nations. This visit is expected to lead to initiatives aimed at supporting economic growth and stability in Iraq, reflecting a broader strategy to enhance U.S. interests in the region.
🏦 Gold Reserves as a Stability Measure: Iraq’s substantial gold reserves are highlighted as a foundational element of its financial strategy. With reserves reaching about 152 tons, equating to approximately $14 billion, these assets provide a safety net against economic fluctuations and enhance confidence in the national currency.
📅 Speculation on Upcoming Economic Announcements: Analysts are keenly watching for announcements from Iraqi officials that could signal imminent changes in the economic landscape. The expectation of significant news, potentially linked to the U.S. administration, has generated excitement among investors, suggesting that a tipping point may be approaching.
🌐 Community Engagement and Investor Education: The channel emphasizes the importance of community interaction, encouraging viewers to participate in discussions and share their thoughts on the potential for currency revaluation. This engagement not only fosters a sense of community but also enhances investor knowledge and awareness.
🔍 Critical Time for Economic Reforms: The overall sentiment among analysts suggests that Iraq is at a pivotal moment in its economic journey. With the convergence of strong cash reserves, international support, and a shift towards modern financial practices, Iraq appears poised for a significant economic transformation that could positively impact the Dinar and its global standing.
Prime Minister Mohammed Shia al-Sudani stressed today, Saturday, that Iraq is fertile ground for all economic dreams, while indicating that the country is on the verge of the widest urban movement in the field of housing.
Al-Sudani said in a speech during the opening of the 48th session of the Baghdad International Fair, which was attended by the correspondent of the Iraqi News Agency (INA): “Today we open the 48th session of the Baghdad International Fair to be an addition that inspires hope and aspiration for productive and promising partnerships and stronger cooperation that enhances facing challenges and draws a map of prosperity and confident economic growth.”
He added, “I welcome the representatives of one thousand two hundred and fifty companies and destinations participating in this year’s session, which carries messages of communication and constructive partnership plans from 22 sisterly and friendly countries,” indicating that “the exhibition this year is being held while Iraq is witnessing a continuous and active movement in every sector and detail of the economy, industry, agriculture, infrastructure, services and energy.”
He added: “We have spent more than twenty-seven months of connected and complementary plans and programs in order to bring about a tangible and clear change within the ceiling of expectations and ambitions carried by the honorable Iraqi citizen,” adding: “We have stressed since the start of the government’s work that the real criterion for success is the citizen’s satisfaction and positive interaction with what the executive service apparatus provides, along with the deep-rooted and far-reaching economic reform.”
He added: “We want the Baghdad Exhibition to be an arena for understanding and a meeting platform where opportunities, understandings and offers gather and during which companies study the available windows of contribution to the development movement in Iraq,” stressing that “Iraq is heading towards the widest urban movement in the field of housing.”
Al-Sudani said: “We have a promising and accelerating health sector that we have moved forward in by completing dozens of stalled hospital projects in addition to adopting the method of joint management and operation and activating health insurance,” noting that “foreign investments coming to Iraq have exceeded 60 billion.”
He explained that “all of this comes alongside building relationships, understandings and agreements with international partners and major global financial institutions,” noting that “the strategic development path extends from the port of Faw to the northern borders and Turkey to be linked to the most effective and cheapest trade routes in management and operation, linking Asia and Europe via Iraq and the Middle East.”
I am positive that when the new U.S. Treasury secretary gives a report to President Trump on the reforms accomplished by Iraq under Al-Sudani, that they will finally release this currency from the grasp of the corrupt Washington establishment and finally free Iraq back into a truly sovereign state.
The governor of the CBI knows the Dr Shabibi plan and it can not be stopped. It can be delayed but the reforms move ahead in spite of the U.S. foreign policy of the past.
However, it also took a decent prime minister like Al-Sudani to move it ahead regardless. Remember the Nori Al-Maliki days. Yes, this was yet 8 more years of wasted time.
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All we need to do is take a good hard look at the last couple years of progress under Al-Sudani and we can clearly see a change. This took strong leadership and dedication to the White Paper reforms.
This is where we are today. They are now at the point in spite of all the corruption they have made it to the finish line but now they need a push over it..