Baghdad announces the completion of the procedures for resuming the export of Kurdistan oil and directs a request to Erbil, 23 FEB

 Baghdad announces the completion of the procedures for resuming the export of Kurdistan oil and directs a request to Erbil

Baghdad announces the completion of the procedures for resuming the export of Kurdistan oil and directs a request to Erbil

https://www.shafaq.com/ar/اقتصـاد/بغداد-تعلن-استكمال-جرا-ات-ست-ناف-تصدير-نفط-كوردستان-وتوجه-طلبا-ل-ربيل

TIDBIT FROM CLARE, 23 FEB

  Clare 

 Article: "European Union to {Sabah}: We praise the reforms of the Sudanese government" 

Quote: "We support Iraq in joining the World Trade Organization (WTO), which is necessary, among other things, to harmonize Iraqi laws with international standards,”

 Article:  "Despite Iranian denial, a delegation from Washington will arrive in Baghdad 'soon' to begin negotiations with Tehran - Urgent "   

Quote:   "Former House of Representatives Rapporteur, Muhammad Othman Al-Khalidi, revealed today, Friday (February 21, 2025), 

the imminent arrival of a high-ranking American delegation to begin the first steps of indirect negotiations with Iran...He pointed out that 'what matters to us as Iraqis in these negotiations is that Baghdad is not an arena for conflicts and tensions, and that we be a party that enhances security and stability...' "

MNT GOAT: The solution is to get off the sole peg to dollar"!! @DINARREVALUATION #iraqidinarinvestor

 

Iraq And The United Nations Discuss The International Cooperation Mechanism To Recover Smuggled Funds, 22 FEB

 Iraq And The United Nations Discuss The International Cooperation Mechanism To Recover Smuggled Funds

02/21/2025  Mawazine News – Baghdad  The Chairman of the Federal Integrity Commission, Mohammed Ali Al-Lami, discussed with the United Nations today, Friday, the international cooperation mechanism to recover smuggled funds.

The Integrity Commission stated in a statement received by Mawazine News, that "the Chairman of the Integrity Commission, Mohammed Ali Al-Lami, discussed with the Deputy Representative of the Secretary-General of the United Nations, Ghulam Muhammad Ishaq Zai, the international cooperation mechanism to recover smuggled funds."

According to the statement, the Chairman of the Integrity Commission, Mohammed Ali Al-Lami, said during the meeting that "corruption is a cross-border crime that requires international cooperation to reduce it."

For his part, the Deputy Representative of the Secretary-General of the United Nations, Ghulam Muhammad Ishaq Zai, expressed his readiness to "remove the obstacles that prevent Iraq from recovering its smuggled funds."  https://www.mawazin.net/Details.aspx?jimare=259725

TIDBIT FROM MNT GOAT, 22 FEB

 Mnt Goat  

There has to be a breakthrough soon. Iraq cannot continue indefinitely like this. They have set up the banking system for international transactions. 

Everything is actually in place to do business with the rest of the world. The only question is when (not if) will they complete the currency reform as planned.

 Another major step to fully globalizing Iraq is in the article titled 

 “IRAQ MOVES TOWARDS GLOBALIZATION .. .IMPLEMENTATION OF INTERNATIONAL ACCOUNTING STANDARDS BEGINS IN 2026”.   ...in my eyes this is not going to trigger the RV but is certainly a right step in the direction we want. Remember the CBI told us that January is the most optimistic to revalue the dinar with any substantial change in value. 

Why? It is because of the accounting practices and it is MOST convenient to begin a new fiscal year clean with a new rate. Remember we may be already into February but we know they just passed the amendment to the budget law and so they have not yet even opened the 2025 budget. So there still can be a rate change coming...

FIREFLY: They say it's the fastest in the world.!!, @DINARREVALUATION #iraqidinarinvestor

 

New Reform Plans For The Banking Sector In Iraq, 22 FEB

 New Reform Plans For The Banking Sector In Iraq

Time: 2025/02/21 10:51:47 Read: 3,060 times  {Economic: Al Furat News} The Prime Minister's Advisor for Financial Affairs, Mazhar Muhammad Salih, stressed that achieving a unified vision to study the conditions of banks in Iraq requires the integration of the national banking market within a homogeneous framework aimed at enhancing the stability of the national financial system and developing its performance in the areas of credit, digital payments, and financing economic development.

Saleh said in a special statement to {Al Furat News}, "The first vision focuses on the importance of achieving integration between national banks in a way that enhances their role in supporting the Iraqi economy, pointing out that this requires updating the financial infrastructure and adopting modern technologies to meet the requirements of the era.

The second vision, according to the financial advisor, is related to developing two comprehensive reform plans targeting the public and private banking sectors, with the aim of improving the performance of these institutions in accordance with international standards. He explained that the reform will include improving governance and financial management and enhancing transparency, which will facilitate the involvement of Iraqi banks in the global financial relations network.

Saleh added that the direct goal of banking reform is to enable Iraqi banks to deal more effectively with the outside world, ensuring economic openness and attracting foreign investments, as well as strengthening Iraq's position on the international financial scene.

This trend comes in light of the government’s ongoing efforts to develop the financial sector and enhance its role in achieving sustainable development and supporting the national economy, as banking reform is viewed as an essential step towards achieving these goals.  LINK