FIREFLY: Banks are training on cross-border payments! @DINARREVALUATION #iraqidinarinvestor

 

Al-Sudani, Al-Mashhadani meet, three issues on agenda, 6 FEB

 Al-Sudani, Al-Mashhadani meet, three issues on agenda

Shafaq News/ Prime Minister Mohamed Shiaa Al-Sudani and Speaker of the Parliament Mahmoud Al-Mashhadani emphasized, on Wednesday evening, the importance of the integration between the executive and legislative branches to move forward in achieving the objectives of the government program.

Al-Sudani media office stated that he met with Al-Mashhadani. The meeting included a review of the general situation in the country, as well as discussions on political, economic, and service-related issues.

The discussions underscored the shared commitment to integrating efforts between the executive and legislative branches to achieve the objectives of the government’s program, complete economic reforms, and ensure sustainable development, ultimately benefiting Iraqi citizens and addressing their aspirations.

Prime Minister Al-Sudani commended the Council of Representatives for approving the amendment to the Budget Law, which enables the government to implement its program in accordance with priorities dictated by service and living conditions across all governorates.

https://economy-news.net/content.php?id=52551

IRAQ UPDATE, 6 FEB

 DINAR GURUS UPDATE

Highlights

• 🌍 Iraq is enhancing its cross-border payment capabilities to become a global economic player.
• 🔑 The training program for cross-border payments is seen as essential for Iraq’s currency revaluation.
• 📈 A robust financial system is crucial for attracting foreign investments and ensuring currency stability.
• 🏛️ There is a high-ranking American official’s visit to Baghdad to discuss military and strategic matters.
• 💱 Speculations about an upcoming adjustment in Iraq’s exchange rate are gaining traction.
• 🔍 Iraq’s new banknotes include innovative features to assist the visually impaired, showcasing financial inclusivity.
• ⏰ The urgency surrounding budget amendments indicates significant upcoming economic changes.

Key Insights

• 🌐 Cross-Border Payments as Economic Indicators: The focus on improving cross-border payments highlights their importance as a key indicator of economic health. For Iraq, establishing a reliable and efficient payment system is critical to integrate into global markets and attract foreign investors, laying the groundwork for a stronger currency and economic stability.

• 🔄 Currency Revaluation and Trust: The video emphasizes that gaining international trust is vital for Iraq’s currency revaluation. Without a credible financial system that can support international transactions, Iraq’s currency will struggle to gain acceptance globally. The training program aims to address transparency and security, which are essential components in building this trust.

• 💼 Financial System Capacity: The mention of a robust financial system indicates that Iraq is aware of the need for structural reforms to support international transactions. As Iraq’s financial system becomes more appealing, it can lead to an increase in demand for its currency. This directly correlates with the potential for currency revaluation and greater economic independence.

• 🏦 Impending Budget Amendments: The delay in the approval of the budget tables suggests that the Iraqi government is taking a cautious approach to fiscal management. The urgency conveyed in the discussions hints at the importance of these amendments for economic stability and growth, as well as the potential for great changes in the economic landscape.

• 🇺🇸 International Relations and Economic Strategy: The upcoming visit by a high-ranking American official underscores the importance of international relations in shaping Iraq’s economic strategy. Such visits often lead to discussions that can facilitate economic support or partnerships that benefit Iraq, especially in military and strategic contexts.

• 📊 Exchange Rate Speculations: The speculation around the adjustment of Iraq’s exchange rate reflects the anticipation of significant economic changes. If the government moves to adjust the exchange rate, it may indicate a shift towards a more competitive and appealing currency for international markets, further tied to the success of their financial reforms.

• ♿ Inclusivity in Financial Systems: The introduction of new banknotes with features for the visually impaired demonstrates Iraq’s commitment to inclusivity in its financial systems. This move can enhance the credibility of the financial institutions and reflect a modern approach to banking that considers the needs of all citizens, potentially attracting more investment and support from international organizations focused on inclusivity.

ARIEL: A Digital Asset Conference: The Green Light (Flip The Switch) @DINARREVALUATION #iraqidinar

 

Parliamentary Finance discusses with an American delegation the file of contracts for foreign oil companies operating in Kurdistan, 6 FEB

 Parliamentary Finance discusses with an American delegation the file of contracts for foreign oil companies operating in Kurdistan

Economy News – Baghdad

The Finance Committee in the House of Representatives discussed, on Wednesday, with a US delegation, the file of contracts for foreign oil companies operating in the Kurdistan Region of Iraq.

The media office of the head of the committee said in a statement, seen by “Economy News”, that “the chairman of the Finance Committee, Atwan Al-Attwani, received the delegation of the American Embassy headed by Julie Jones, the economic adviser of the embassy, and Chris Torres, adviser of the file of the Iraqi Council of Representatives in the political section.”

The statement added that “the meeting discussed the details of the amendment of Article 12 of the Federal General Budget Law related to the production and export of oil, in addition to the financial challenges facing the country and the preparations for the preparation and approval of the 2025 budget tables.”

He continued, “The meeting discussed the file of contracts of foreign oil companies operating in the region, and some details related to the production and export of oil, within the framework of the amendment of the General Budget Law, which the House of Representatives voted recently, as a first step to resolve the oil disputes between Baghdad and Erbil and in line with the Iraqi Constitution.”

Al-Atwani stressed, according to the statement, “the need for the region to commit to pay its financial dues to the central government in exchange for receiving its dues, including the salaries of employees and financing of projects, to end financial disputes,” reiterating the keenness of the Finance Committee to “end all disputes and stop the smuggling of oil; because of its negative impact on the financial stability of the country.”

The statement explained that “the meeting witnessed a discussion of the timing of the approval of the budget schedules for 2025; with the aim of launching projects according to the specified schedule with emphasis on increasing non-oil revenues, reducing spending on non-essential projects, investing in service and educational projects and supporting the private sector.”

TIDBIT FROM FNU LNU 6 FEB

 Fnu Lnu 

 [Response to Newshound Guru Clare USAID/Elon Musk 2-4-2025 Article below] 

Elon Musk is NOT on a mission to downsize the Federal Government. 

He is working on discovering and elimination fraud and waste...USAID is a grifters delight and has been used, since the Kennedy era, as a way to launder money.

 They give grants that are fraudulent...

In no way will Iraq be affected by the closure of the front agency. After all, haven't we be inundated by statements of "Ending Corruption In

Iraq"? This is a puff-piece article of no consequence. 

It is merely an anti-Trump (TDS) article...Pay no attention as it couldn't possible have any bearing on the important and vital work being done in Iraq...

MARKZ: WE EXPECT THE RV ONCE THE the HCL was complete! @DINARREVALUATION #iraqidinarinvestor