We're very close...The final preparations to announce the new exchange rate are being done with these meetings that are being kept very private, very secret. It's exciting to see.
Article: "Al-Sudani's advisor rebukes citizens for storing money at home and calls for investing it" This is called 'dinar mattress'...
This has been an issue for a while...Why? Because the CBI wants the 3-zero notes back.
Why?
The citizens need the money to buy stuff in the streets. Yeah, but they don't want them to use the 3-zero notes anymore.
Why? Because they're going to change the exchange rate. Why? To add purchasing power to the currency of Iraq.
Confessing tariffs fuel inflation, Trump orders up a plan for more
Shafaq News/ US President Donald Trump admitted Thursday that "prices may rise" in the United States as a result of tariffs imposed on both allies and competitors alike.
Speaking to reporters at the White House, Trump expressed confidence that inflation—an issue central to his campaign last year—would ultimately decrease. His comments came after he announced his decision to escalate the ongoing trade war by imposing reciprocal tariffs on a broad range of nations.
Trump stated that US allies "are often worse than our enemies" when it comes to trade practices.
On Wednesday, European Union members reaffirmed their unity and commitment to defending the EU's steel and aluminum industries following Trump's announcement of new tariffs.
In the latest chapter of the global trade war he initiated upon taking office on January 20, Trump signed an executive order Monday setting March 12 as the start date for a 25% tariff on steel and aluminum imports.
These tariffs will apply to all exporting countries "without exception," as confirmed by the Republican president.
For the European Union, this move effectively nullifies an agreement reached with the United States in 2021, which had temporarily suspended tariffs imposed during Trump’s first term.
It appears to me that there is an awful lot of hand wringing going on here recently. I read one article and a couple of hours another article comes out contradicting it.
If it isn't from Sudani, Barzani, or Selah, I don't really pay attention to it. An "Economist close to Sudani" doesn't cut it.
There are still a lot of politicians who have Iranian loyalties and remember Maliki owns almost all the newspapers in Iraq except the paper of record. Pay no attention to that reporter behind the curtain.
Prime Minister Mohamed Shia Al-Sudani discussed, at his residence in Munich, on Friday, with the European Union Commissioner for the Mediterranean and the Middle East, Dubravka Sueka, relations with the European Commission, and ways to strengthen them in various fields, and review the government’s efforts to achieve the meetings of subcommittees between the two sides.
The Prime Minister congratulated Sueka on assuming its new duties, stressing the agreement with the President of the European Council on joint cooperation, and the desire to hold bilateral (Cooperation Council) during this year.
Al-Sudani stressed the government’s insistence on resolving the issue of lifting the European air ban on Iraqi Airways, and the participation of the Civil Aviation Authority in the technical meeting with the European Air Safety Team, to discuss the implementation of the recommendations, and assess the progress made by Iraq in applying international safety standards.
The Sudanese stressed Iraq’s desire to reopen all European countries their diplomatic missions in Baghdad, as Iraq is currently considering opening new missions in some European cities, as well as urging the European side to strengthen the investments of European companies in Iraq, especially in the fields of environment, energy and agriculture with modern technologies.
For its part, SWICA expressed keenness and desire to strengthen and develop economic relations, and support the work of European companies to Iraq, in light of the strategic and investment projects announced by Iraq.
Article: "Iraq's revenues exceed 135 trillion dinars in 11 months" Quote: "from January to November 2024 for the past fiscal year,
which showed that revenues from oil stabilized at about 88%, but it still constitutes the main resource for the general budget, indicating that the rentier economy is the basis of the country's general budget...while non-oil revenues...constitutes 12% of Iraq’s general budget."