DINAR REVALUATION

Sunday, February 2, 2025

MZ: my bank contacts were told to be prepared to work for the next few weekends!! @DINARREVALUATION

Preparations for the Arab Summit in Baghdad are discussed by the foreign minister and assistant secretary-general, 2 FEB

Preparations for the Arab Summit in Baghdad are discussed by the foreign minister and assistant secretary-general

Baghdad- INA

Deputy Prime Minister and Minister of Foreign Affairs, Fuad Hussein, and Assistant Secretary-General of the Arab League, Ambassador Hussam Zaki, discussed on Thursday the preparations for the Arab Summit in Baghdad.

A statement by the Ministry of Foreign Affairs received by the Iraqi News Agency (INA) stated that “Deputy Prime Minister and Minister of Foreign Affairs, Fuad Hussein, received the Assistant Secretary-General of the Arab League, Ambassador Hossam Zaki, and his accompanying delegation, which included a number of members of the Preparatory Committee for the Arab Summit in its (34) regular session, scheduled to be held in Baghdad.”

The statement added that “at the beginning of the meeting, Ambassador Hossam Zaki conveyed the greetings of the Secretary-General of the Arab League to the Minister, who in turn welcomed the delegation, expressing his thanks for this visit,” stressing Iraq’s keenness to “make the summit a success in a way that reflects the true image of Iraq as a country that enjoys security and stability.”

The statement continued, “During the meeting, the ongoing preparations for hosting the Arab Summit were discussed, as Hussein reviewed the efforts made by the Iraqi government to provide all logistical and technical requirements,” noting “the formation of specialized committees to supervise various organizational and technical aspects, and stressed the importance of enhancing continuous coordination with the League of Arab States to ensure achieving the highest levels of readiness.”

The statement continued, “The meeting witnessed an exchange of views on topics related to the summit’s agenda, especially political, economic and media issues,” explaining that “Iraq is working on preparing a comprehensive agenda that addresses the most prominent Arab issues, including enhancing Arab economic cooperation, and supporting efforts aimed at achieving security and stability in the region.”

For his part, Ambassador Hossam Zaki praised “the ongoing Iraqi preparations to host the summit,” stressing the Arab League’s support for “Iraq in organizing this important event.”

He expressed his “confidence that the summit will be an effective platform for enhancing joint Arab action and confronting regional challenges.”

The statement concluded, “The meeting comes within the framework of the intensive efforts made by the Iraqi government to ensure the success of the upcoming Arab Summit.”

https://ina.iq/eng/38043-preparations-for-the-arab-summit-in-baghdad-are-discussed-by-the-foreign-minister-and-assistant-secretary-general.html

TIDBIT FROM SANDY INGRAM, 2 FEB

Sandy Ingram

In the near future it's unlikely the Vietnam Dong will experience a significant increase in value against the U.S. dollar. Here's why: 1. Controlled Currency Policy. The Vietnamese government closely manages the value of the dong to maintain export competitiveness.

A stronger Dong could harm Vietnam's economy by making its goods more expensive globally. 2. Inflation and economic balance. Vietnam's bank is cautious about rapid changes to avoid destabilizing its economy.

3. Global dynamics. Vietnam's reliance on exports means its currency value is tied to global trade dynamics, including demand from the U.S. and Europe.

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

A new decision comes into force: the sale of real estate worth 100 million dinars or more only through bank deposit, 2 FEB

A new decision comes into force: the sale of real estate worth 100 million dinars or more only through bank deposit

Mawazine News – Baghdad

The decision to prevent the sale of any property worth 100 million dinars or more, except through deposit in banks, came into force, as part of measures aimed at strengthening control over real estate sales and preventing money laundering.

This decision comes within the framework of the government’s effort to control the real estate market and achieve transparency in financial transactions, as it is required that deposits be made in local banks through bank accounts to document each transaction and ensure the progress of financial operations in accordance with the approved legal regulations.

https://www.mawazin.net/Details.aspx?jimare=259241

TIDBIT FROM CLARE, 2 FEB

Clare

Article: "Iraqi Bank Training on Cross-Border Payments, Financial Integrity"

Quote: "The Washington DC-based Institute for Financial Integrity (IFI)

has announced the launch of the Financial Integrity and Cross-Border Payments Training Program for the National Bank of Iraq (NBI), developed in partnership with the Central Bank of Iraq (CBI) and K2 Integrity."