To discuss military and strategic files.. A "high-ranking" American official will visit Baghdad soon, 5 FEB

 To discuss military and strategic files.. A "high-ranking" American official will visit Baghdad soon

An Iraqi government official reported on Monday that a high-ranking American official is about to visit Baghdad soon, and that preparations are underway for the visit, noting that the official will discuss the American presence in Iraq and the structuring of the relationship between the two countries. 

The official told Shafaq News Agency, "Special preparations are now underway for a visit by a high-ranking American official to Baghdad in the coming period." 

The official pointed out that "the file of the American presence in Iraq will be discussed in parallel with adjusting the rhythms of the region, in line with the recent changes in Syria, Lebanon and Gaza." 

He said, "The American official will discuss the mechanism for restructuring the relationship between the United States of America, in addition to understandings in the areas of security and defense, along with files related to the US Federal Reserve." 

It is noteworthy that Baghdad and Washington announced months ago an agreement stipulating the withdrawal of the US-led international coalition forces by September 2025.

The Washington Post quoted an Iraqi official as saying that he expected Iraq to request an extension of the stay of US forces, in light of the recent developments in the region following the fall of the Assad regime in Syria.

Since mid-October 2023, armed factions began targeting American bases in Iraq, coinciding with the Gaza War, as the factions announced that their targeting of American forces was in response to American support for Israel.

The previous escalation between the armed factions and America witnessed military responses from Washington, the latest of which was the bombing of the city of Al-Qaim, adjacent to the Syrian border. The US Central Command confirmed at the time that its forces launched air strikes in Iraq and Syria targeting sites of the Quds Force of the Iranian Revolutionary Guard Corps and its affiliated faction groups. 

The command said that the US military forces struck more than 85 targets with many aircraft, including long-range bombers, launched from the United States.

The American responses to the targeting of the armed factions also included assassinations of leaders of those factions in the center of the capital, Baghdad, using guided and accurate missiles. link

STATUS OF THE RV , PART. 1 BY MNT GOAT, 5 FEB

 STATUS OF THE RV 

WOW! It’s our first Newsletter of February 2025 already. Well, it appears no RV as of yet and January is long gone. But it’s not over until the fat lady sings….I was reading more of the recent comments on the blog. I

 have to once again reinforce to everyone that the issuance of the visually impaired three zero notes is not an issue. 

As an investor, this is  not something you should worry about. Please go back and re-read my Newsletter in the Archives for the Newsletter dated January 21, 2025. 

The title of the article is “IRAQ ISSUES NEW BANKNOTES WITH INNOVATIVE SECURITY FEATURES FOR THE VISUALLY IMPAIRED.. PHOTOS”. What did I tell you then about these new notes? 

Please stop making up stories or speculating as to what they are and why these articles now. Just relax.

At that time weeks ago, I clearly stated what this article is all about. Yes, it is actually a good thing for our investment not a negative impact. Get it? Oh… but many of you don’t get it yet. But this brings me to yet another issue. 

Do you trust even what I tell you? Why do you desire to find ways to deny the facts? Are you listening to some of these so-called self-proclaimed intel guru idiots? I really don’t understand all the negativity in this regard. 

Why am I here on this blog if only a few want to listen to me? Again, please go back and read this Newsletter in the Archives. I will not repeat myself in these situations anymore. If you are too lazy to read the Newsletter that is not my fault. 

Everyone must learn to inform yourself and get educated. Then you have to remember what you know.  

Iraq: What will change under the Trump Administration?

The fact that Trump is a businessman before being a politician gives him the advantage to see the great potential for American investment in Iraq. He is not in this for the kickbacks and corruption money, as in the Obama/Biden administrations. Just let the new Trump policies towards Iraq play out. The 2025 budget is not yet even opened and being played out.  

Many seem to forget what I told you in the past. I said that the CBI told us that the month of January is the most opportune time to make a major revaluation of the currency.

 What does this mean? But most important is why did they tell us this? 

They told us this because it is the beginning of their fiscal year. But the CBI did not tell us this is the only time.

 Also, we can see that the 2025 budget is not yet opened and the spending began. So, if they needed a new rate the budget is “flexible” and can be adjusted. 

Get it? Oh… didn’t they tell us this too in an article, an article that I showed you in the past. 

Did you forget? Are you even reading the articles? Why not? Why do I post them if nobody reads them? Folks, I am not making this stuff up but you have to listen to me and stop all this guessing, hype and discourse. It does nothing for you. It is not going to change the situation.

Are you listening to the prophets? There is a  “shifting” going on and things will not be the same in the near future. 

Can you feel it too?

 Iraq will finally get its independence again;

 I can assure you of this. But change is hard and as we know it is even harder when in the last 20 years the citizens have gotten used to the all the corruption as a way of life. Yes, trillions of dollars have been lost already due to the corruption.

 This is their words, not mine. But now it is ending in Iraq just as it is being cleaned up in the US too. Everyone needs to remember that if the corruption in the US is not cleaned up all this money will not be yours. The state will try to take if from you or prevent you from living the kind of life you want.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

FNU LNU: The old and new currency will coexist for 10 years!! @DINARREVALUATION #iraqidinarinvestor

 

Joint statement from the Office of the Prime Minister and the Central Bank of Iraq, 5 FEB

 Joint statement from the Office of the Prime Minister and the Central Bank of Iraq

Banking reforms constituted an important pillar of the economic reform adopted in the government program, and in order to complete the important steps initiated by the government in this context since it started its work, and in order to achieve the package of development targets that requires a banking development, 

the government, in cooperation with the Central Bank of Iraq, embarked on a comprehensive initiative that includes an integrated strategic banking reforms process, which constitutes a landmark moment in the history of economic development in Iraq, and is commensurate with the extent of commitment to raising the level of banking standards, enhancing financial flexibility, and supporting the competitiveness of the financial system.

These comprehensive reforms aim to keep pace with developments in the countries of the region and the world, contribute to opening partnerships, and the prospects of communicating with the outside world widely in modern banking and financial transactions, as the Central Bank works in an effort to implement and develop regulatory and regulatory frameworks with international partners, contributing to achieving sustainable growth and development of the banking sector, just as the government is working to support the reforms and efforts of the Central Bank of Iraq in developing the state of the banking sector.

These reform efforts have been based on the following main areas:

1. Strengthening ownership structures and governance frameworks, by promoting transparency and accountability, including through the creation of diverse ownership structures and ensuring independent oversight of boards of directors over processes and committees.
2. Raising the level and standards of service, by increasing access to basic financial services for all members of the Iraqi people, by enhancing efficiency, increasing the supply of products and modernizing the infrastructure of the banking sector.
3. Harmonization and compliance with international standards, by enforcing compliance with recognized frameworks and practices in the fields of anti-money laundering and countering the financing of terrorism, as well as commitment to financial transparency in order to ensure the smoothness of banking services and support business and the needs of citizens.
4. Enhancing financial resilience, by enhancing the financial integrity of Iraqi banks and setting strong capital and cash requirements, to protect customer deposits and protect the economy in the face of domestic and international challenges.

This initiative comes within the framework of a broader strategy aimed at modernizing the banking sector, which the Central Bank of Iraq is currently developing in partnership with Oliver Wyman, a leading international company in the field of management consulting. The ongoing reforms being implemented with government banks enhance the integration of that strategy, representing a turning point in the future of the Iraqi financial system.

Operational details of these reforms will be presented later.
From this point of view, the government and the Central Bank confirm the adoption of a joint reformist vision, which is to establish a modern, transparent and comprehensive banking system that supports the aspirations of the dynamic economy of the Iraqi state.

MILITIAMAN CC HIGHLIGHTS NOTES, 5 FEB

 MILITIAMAN CC HIGHLIGHTS NOTES

Highlights

Summary

In this video, the host, who is a member of the Militia Man and Crew, discusses several significant developments regarding Iraq’s economic landscape, particularly in the insurance sector and the Kurdistan Region’s financial agreements. 

They emphasize the importance of a newly launched electronic platform for engineering insurance supervision aimed at modernizing the insurance processes in Iraq.

 The discussion transitions into crucial agreements concerning employee salaries in the Kurdistan region, particularly in light of the resumption of oil exports.

 Additionally, the host touches upon the broader implications of a newly signed executive order for a U.S. Sovereign Wealth Fund and its potential to invest in various national and international assets. 

Throughout the session, the host acknowledges the contributions of their community, expresses gratitude towards supporters, and encourages viewers to engage with their content.

• ☕ New Electronic Insurance Platform: The launch of an electronic platform for engineering insurance supervision highlights Iraq’s digital transformation and aims to enhance government oversight.
• 💰 Kurdistan Region Salary Agreements: Significant agreements regarding employee salaries in the Kurdistan Region were reached during discussions of the 2025 budget, which is poised to impact financial stability.
• ⛽ Resumption of Oil Exports: The resumption of oil exports from the Kurdistan region is set to exceed the amounts allocated for salaries, indicating a positive shift in the region’s economic outlook.
• 🏛️ Ministerial Council of Economy:  The creation and actions of the Ministerial Council of Economy in Iraq are critical in evaluating and approving new investment projects, aiming for economic stability.
• 📈 U.S. Sovereign Wealth Fund: A recent executive order signed by the U.S. President initiates the creation of a Sovereign Wealth Fund, potentially impacting international investment strategies.
• 🌍 Foreign Currency Reserves: The discussion around the U.S. Sovereign Wealth Fund raises questions about the utilization of foreign currency reserves for international investments.
• 🔍 Insurance in International Trade: The importance of insurance in facilitating international trade and mitigating risk was emphasized, showcasing its necessity in Iraq’s growing economy.

Key Insights

• 🖥️ Digital Transformation in Insurance: The introduction of an electronic platform for engineering insurance supervision represents a crucial step towards modernizing Iraq’s insurance sector. By allowing for the electronic registration and approval of insurance documents, this initiative aims to reduce fraud and enhance governmental oversight. As Iraq opens its borders to international trade, such improvements in infrastructure are essential for building trust and facilitating business operations, ensuring that companies can mitigate risks effectively.

• 💼 Impact of Oil Export Resumption on Salaries: The resumption of oil exports and the agreements on employee salaries signal a turning point for the Kurdistan Region’s economy. With oil exports reaching 450,000 barrels, the financial implications can lead to improved public services and economic stability for the region. This situation underscores the interconnectedness of resource management and public sector performance, which can ultimately drive economic growth in the region.

• 🏛️ Role of the Ministerial Council of Economy: The establishment of the Ministerial Council of Economy indicates the Iraqi government’s proactive approach to addressing economic challenges. The Council’s focus on approving necessary projects and regulating financial allocations is essential for maintaining fiscal discipline and ensuring that economic activities align with national priorities. This strategic oversight can foster a more resilient economy capable of weathering regional and global economic fluctuations.

• 🌐 U.S. Sovereign Wealth Fund’s Potential Influence: The creation of a U.S. Sovereign Wealth Fund, as ordered by the President, illustrates a shift in American investment strategy that could have far-reaching implications. By placing the U.S. alongside countries with similar funds, this initiative aims to diversify investments and enhance the country’s financial standing. The fund’s potential involvement in international markets could lead to increased liquidity and market support, benefiting both domestic and global investors.

• 💰 Foreign Currency Reserves as Investment Tools: The discussion surrounding the Sovereign Wealth Fund reveals the potential for utilizing foreign currency reserves for strategic investments. This approach aligns with global best practices by leveraging existing assets to generate returns. For Iraq, taking similar steps could enhance its financial stability and attract foreign investments, further supporting economic development.

• 📊 Importance of Insurance in Trade: The emphasis on the role of insurance in international trade highlights its critical function in risk management. Insurance enables businesses to navigate uncertainties inherent to global commerce, such as currency fluctuations and political instability. As Iraq expands its trade relationships, an effective insurance framework will be vital for fostering confidence among international investors and partners.

• 🔄 Economic Changes on the Horizon: The video hints at potential economic changes, particularly regarding Iraq’s exchange rate and digital transformation effortsrequest error, please retry later.

REINALDO JC :the Article 12 of the General Budget was Passed Finally!! @DINARREVALUATION #iraqidinar

 

After amending the budget law, this is how the oil file will be managed in the Kurdistan Region, 5 FEB

 After amending the budget law, this is how the oil file will be managed in the Kurdistan Region

 The Parliamentary Finance Committee revealed, today, Monday, the mechanism for managing the oil file in the Kurdistan Region after voting on amending Article 12 of the Federal Budget Law.

Useful summary.. In important news you can find it on Al Furat News channel on Telegram.. To subscribe click here

Committee member, Moeen Al-Kazemi, told {Euphrates News} that: “The amendment of Article 12 of the federal budget that took place will allow the federal Ministry of Oil to resume exporting Kurdistan Region oil with a capacity of 400,000 barrels per day through the SOMO company and deposit the oil sales proceeds in the treasury of the Ministry of Finance after the export was halted for more than 20 months from March 2023.”
He added, “This export will add an important addition to the state’s treasury,

 and there will also be a new outlet for export other than the southern outlets through the Turkish port of Ceyhan, in addition to benefiting from this pipeline instead of disrupting it, which may lead to the imposition of fines on Iraq in the event of continued disruption of this pipeline that was established in agreement with Turkey.”

Al-Kazemi pointed out, “It will also allow the federal Ministry of Oil to supervise the oil fields in the region and follow up on the current production for local consumption away from the 400,000 barrels per day, as there are 70,000 barrels per day consumed locally and must be followed up and calculated within the local revenues of the Kurdistan government.”
He added, 

“The amendment will also allow the federal government to follow up on the non-oil revenues in the region, which amounted to 4 trillion dinars in 2024 for border crossings, taxes and fees, and were not delivered, considering that there is a deficit in the region’s allocations, and the amendment to Article 12, Second/C, will leave no room for the regional government to evade handing over non-oil revenues to the federal government.”

Al-Kadhimi pointed out that “the important issue is to eliminate problems between the federal and regional governments,” calling for “balanced relations and harmony within the state administration coalition.”
He explained that “the federal Ministry of Oil is the one that will sign contracts with oil importers in the region, and oil revenues and sales amounts will be deposited in the Iraqi government’s account/the US Federal Reserve, then the Central Bank of Iraq, and finally in the Ministry of Finance.”  

Al-Kadhimi noted that “the Ministry of Finance will pay the region $16 for each barrel of oil as extraction and oil costs as a first stage until the actual costs are determined through an agreement with an international specialized technical body that accurately determines the costs.” 
The member of the parliamentary finance committee concluded his speech by stressing that “the issue of oil revenues will be entirely in the hands of the federal government, but as for non-oil revenues, there must be credibility and transparency from the regional government and opening a new page and ending previous arguments through the consensus that was reached to amend Article 12.”

Wafaa Al-Fatlawi 

https://alforatnews.iq/news/%D8%A8%D8%B9%D8%AF-%D8%AA%D8%B9%D8%AF%D9%8A%D9%84-%D9%82%D8%A7%D9%86%D9%88%D9%86-%D8%A7%D9%84%D9%85%D9%88%D8%A7%D8%B2%D9%86%D8%A9-%D9%87%D9%83%D8%B0%D8%A7-%D8%B3%D9%8A%D8%AF%D8%A7%D8%B1-%D8%A7%D9%84%D9%85%D9%84%D9%81-%D8%A7%D9%84%D9%86%D9%81%D8%B7%D9%8A-%D9%81%D9%8A-%D8%A7%D9%82%D9%84%D9%8A%D9%85-%D9%83%D8%B1%D8%AF%D8%B3%D8%AA%D8%A7%D9%86