PM appreciates the role of the Supreme Judicial Council and its decisions in enforcing the law, 10 FEB

 PM appreciates the role of the Supreme Judicial Council and its decisions in enforcing the law

Baghdad-INA 

Prime Minister Mohammed Shia Al-Sudani appreciated, today, Sunday, the role of the Supreme Judicial Council and its decisions in enforcing the law and preserving the interests of citizens.
 
The Prime Minister's media office said in a statement received by the Iraqi News Agency (INA): that "Prime Minister Mohammed Shia Al-Sudani met with the President of the Supreme Judicial Council, Faeq Zidane, where the meeting witnessed discussions on important issues at the national level, and the government's approach to supporting the work of the judiciary and its independence."
 
  "During the meeting, the steps of cooperation between the executive and judicial authorities were reviewed to overcome obstacles in implementing the government program, as the Prime Minister appreciated the role of the Supreme Judicial Council and its decisions in enforcing the law and preserving the interests of citizens, which constitutes one of the pillars of security and stability for the country."

GOLDILOCKS: IRAQ International Connection to 66 Countries for the WTO , 10 JAN

 GOLDILOCKS: IRAQ International Connection to 66 Countries for the WTO

Highlights

Summary

In this episode of Goldilocks Global Banking News, the host, Freedom Fighter, provides significant updates regarding Iraq’s progress in transitioning to an international banking system. The discussion emphasizes the importance of Iraq’s membership in the International Road Transport Union (IRU) and the implementation of the Transport International Router (TI) system, which will modernize Iraq’s customs and ports,

 ultimately facilitating cross-border trade and transactions. This modernization is seen as a critical step for Iraq to prepare its currency, the Iraqi dinar, for international exchange and to join the World Trade Organization (WTO). 

The host also highlights the steps individuals can take to manage their wealth through trust and brokerage accounts. Overall, the video presents a hopeful outlook on Iraq’s economic future and the potential for the dinar’s value to increase.

• 📈 Wealth Management Opportunities: The host encourages viewers to set up trust and brokerage accounts to manage their wealth effectively.
• 🌍 Iraq’s International Integration: Iraq is progressing towards joining the World Trade Organization by connecting to international systems.
• 🚚 Transport International Router (TI) System: The TI system allows for efficient and secure shipping of goods across borders, crucial for Iraq’s economic development.
• 💻 Digital Banking Transition: Iraq is digitizing its banking system to enhance transparency and reduce corruption, aligning with international standards.
• 📦 Cross-Border Efficiency: The TI system will enable Iraq to ship goods in sealed, electronically monitored containers, expediting customs processes.
• 🌟 Diversification of Revenue: Iraq aims to grow its non-oil sectors, which is vital for increasing the value of the Iraqi dinar.
• 🔗 Global Connectivity: The adoption of the TI system connects Iraq to 66 other countries, positioning it as a regional transit hub in the Middle East.

Key Insights

• 📊 Wealth Management Strategies: The host emphasizes the importance of managing wealth through strategic accounts. Trust and brokerage accounts can offer long-term growth and security, particularly in the context of a potentially appreciating currency like the Iraqi dinar. Establishing these accounts allows individuals to navigate the complexities of currency exchange and investment.

• 🌐 Iraq’s Path to International Trade: Iraq’s recent advancements in securing membership with the IRU and implementing the TI system demonstrate a commitment to international trade standards. This move is essential for Iraq as it seeks to modernize its economy and improve its standing in global markets. Successful integration into the international system signifies a crucial step towards economic stability and growth.

• 📈 Impact of the TI System on Currency Valuation: The TI system is expected to enhance the transparency and efficiency of customs operations in Iraq. By monitoring goods electronically, Iraq can reduce corruption and ensure that customs duties are collected effectively. This transparency is likely to strengthen confidence in the Iraqi dinar, contributing to its potential appreciation in value.

• 🔒 Digital Transformation of Banking: The digitization of Iraq’s banking system is a key factor in its economic reform. By moving away from manual transactions, the country is reducing opportunities for corruption and increasing efficiency. This transition not only aligns with international banking practices but also positions Iraq favorably for foreign investments.

• 📦 Cross-Border Trade Efficiency: The implementation of sealed, electronically monitored containers for cross-border shipping will significantly enhance the efficiency of Iraq’s trade operations. This system reduces delays and errors in customs processing, fostering a more reliable trading environment. As a result, Iraq can expect increased trade volume and improved economic prospects.

• 🌱 Diversification Beyond Oil: The focus on developing non-oil sectors is crucial for Iraq’s economic future. While oil has traditionally been the backbone of the Iraqi economy, reliance on this single resource poses risks. By diversifying its revenue streams, Iraq can create a more resilient economy and reduce vulnerability to fluctuations in oil prices.

• 🌍 Regional Transit Hub Potential: Iraq’s efforts to establish itself as a regional transit hub in the Middle East can lead to significant economic benefits. By facilitating trade between 66 countries through the TI system, Iraq can attract investments, create jobs, and enhance its strategic importance in the region. This positioning is vital for long-term economic growth and stability.

In summary, the episode from Goldilocks Global Banking News outlines critical developments in Iraq’s journey towards modernizing its economy and banking system. The host provides insights into the importance of wealth management, the adoption of international trade standards, and the potential for the Iraqi dinar to appreciate in value. Through strategic initiatives such as the TI system and the digitization of banking operations, Iraq is laying the groundwork for a brighter economic future, one that is less reliant on oil and more integrated into the global economy. The information shared in the video reflects a significant moment in Iraq’s economic transformation, highlighting the importance of staying informed about these developments for potential investors and stakeholders.

FIREFLY: Trump makes impossible for Iran to use Iraq's monetary financial system to avoid sanctions

 

Iraq: A safe atmosphere for all Iraqis without exception, 10 FEB

 Iraq: A safe atmosphere for all Iraqis without exception

INA - BAGHDAD

The Minister of Interior, Abdul Amir Al-Shimmari, confirmed on Saturday that the ministry is keen to provide a safe atmosphere for all Iraqis.

Al-Shimmari visited Patriarch Mar Gewargis III Younan, the Patriarch and Supreme Spiritual Head of the Ancient Church of the East in Iraq and the World," said a statement by the Ministry of Interior - received by the Iraqi News Agency - INA. 

They discussed several topics of common interest with the Patriarch, as the Ministry of Interior is keen to communicate with all components of this country, seek to provide the best services to them and provide a safe and appropriate atmosphere for all Iraqis without exception.

In turn, the Patriarch of the Ancient Church of the East in Iraq and the World appreciated the visit of the Minister of Interior, stressing that "this communication indicates that there are great efforts made by the Ministry of Interior to serve citizens of all spectrums."

TIDBIT FROM FRANK26, 10 FEB

  Frank26  

 Can Iraq be internationally recognized with an exchange rate of 1310?

  The answer is, yes.  Here's an example:  What's the exchange rate of the Vietnamese dong?  It stinks.  It's not at an international level... Is their currency  international?  Yeah.

 [Iraq] has the potential to come out at a ridiculous exchange rate just like Kuwait did 30 years ago when they went through a re-denomination and a revaluation of their currency...about $15.  But it only lasted for about a week and it went back down to 3 to 1 ...I

MO it was a window created for the whales and sharks to take advantage of...Iraq has learned from Kuwait mistakes.  If you come out at a high rate like that...you destroy everything you worked to create the security and stability of their currency.  And it would destroy their economy, GDP, economic reform, monetary reform.  Inflation would go up.  I don't think we're going to see a ridiculous rate at the onset.  But I think we'll see the same rate that is floating in the Middle East which holds the most powerful currencies in the world at 3 to 1 to the dollar.

MARKZ: Bankers on Weekend Duty What's Up? ‪@DINARREVALUATION‬ #iraqidinarinvestor #iraqidinar

 

UN Representative: What unites Iraq and Kuwait is enough to turn the page of the past, 10 FEB

 UN Representative: What unites Iraq and Kuwait is enough to turn the page of the past

+A -A

Baghdad-INA  
   
The Representative of the Secretary-General of the United Nations in Iraq and Head of the UNAMI Mission, Mohammed Al-Hassan, confirmed today, Sunday, that what unites the two brotherly peoples in Iraq and Kuwait is enough to turn the pages of the past.
 
The mission said in a statement received by the Iraqi News Agency (INA): that "The Representative of the Secretary-General of the United Nations in Iraq and Head of the UNAMI Mission, Mohammed Al-Hassan, arrived in the State of Kuwait as part of his international missions."
  "Al-Hassan met with the Emir of Kuwait, Mishal Al-Ahmad Al-Jaber Al-Sabah, and the Crown Prince, Sabah Khaled Al-Hamad Al-Sabah."
Al-Hassan stressed according to the statement that "what unites the two brotherly peoples in the Republic of Iraq and the State of Kuwait is enough to turn the pages of the past and open new pages of cooperation and mutual trust."