KTFA
FRANK26: "RUBIO AT CBI TO COUNT... AND YOU CAN COUNT ON THAT."......F26
2/26/2025
The Coordination Framework is likely to hold an emergency meeting within the next two days to discuss the details of the phone call that took place between US Secretary of State Marco Rubio and Iraqi Prime Minister Mohammed Shia al-Sudani, according to what was revealed by the Fatah Alliance led by Hadi al-Amiri, one of the leaders of the Shiite alliance.
Al-Sudani's media office reported in a statement published on Tuesday evening that the latter received a phone call from US Secretary of State Marco Rubio, during which they discussed the overall bilateral relations between Iraq and the United States, and ways to strengthen and develop them.
Commenting on this, the leader of the Al-Fatah Alliance, Adi Al-Khadran, told Shafaq News, "Iraq, through the Iraqi government, has worked since the beginning of the crisis in the region to stay away from the arena of conflict and war, and all the meetings of the Coordination Framework during the past periods emphasized the neutrality of Iraq from entering any battle, and not to be within any of the regional and international axes."
He added, "It is expected that there will be an emergency and important meeting of the Coordination Framework within the next two days in order to discuss what was stated in the American warning or threat messages that were conveyed by US Secretary of State Marco Rubio to Prime Minister Mohammed Shia al-Sudani, to come out with results and an agreement that will keep Iraq away from any American sanctions or decisions that may negatively affect the internal Iraqi situation."
On Wednesday, the US State Department announced new details regarding the phone call made by Secretary Marco Rubio with Iraqi Prime Minister Mohammed Shia al-Sudani.
"Rubio discussed with Al-Sudani a number of issues, including Iranian influence in the region, the need for Iraqi energy independence, and US commercial investments," State Department spokeswoman Tammy Bruce said in a statement.
She added that the two sides agreed "on the necessity for Iraq to become independent in the field of energy, to resume the operation of the Iraqi-Turkish pipeline quickly, and to adhere to the terms of the contracts of American companies operating in Iraq to attract additional investments."
The statement issued by the media office of the Iraqi Prime Minister did not mention the details provided by the US State Department in its statement about the phone call between Rubio and Al-Sudani.
MarkZ
[via PDK]
Question: What’s your take on No auctions in Iraq since last Wednesday?
MarkZ: My take is we are crossing the finish line. Just like Al-Alaq said…no sanctions and transparency is what they needed in their white papers monetary reforms to increase the purchasing power of the Iraqi dinar for all Iraqi’s.
And return the rate to its former
glory.Sanctions and mistrust.. How will the Iraqi digital currency be born?
Why don't we develop our systems?
Financial and banking expert Mustafa Hantoush confirmed that talking about launching an Iraqi electronic currency at the present time is premature, in light of a banking system that suffers from structural problems and weak infrastructure.
He explained to “Jarida Platform” that “the culture of electronic payment in Iraq is still immature, and unless the government intervenes and imposes the adoption of electronic payment in government departments, we will not witness any real development in this field.”
Hantoush added that “Iraq does not have an integrated internal transfer system and relies on international systems such as Visa and MasterCard, which makes it a priority to develop the national switchboard, enhance the electronic payment infrastructure, and spread the culture of digital payment among citizens.” He pointed out that “electronic payment, in essence, depends on the presence of funds deposited in banks and their electronic transfer instead of direct cash exchange, which requires a strong infrastructure and broad confidence in the banking system.”
Hantoush stressed that “even major countries such as the United States, Europe and China have not yet been able to develop integrated electronic currencies due to fears of electronic breaches and weak cybersecurity systems,” wondering about the extent to which Iraq, with its current banking system, can achieve this.
He added, "Talk about an Iraqi electronic currency does not match the reality of Iraqi banks, which suffer from sanctions, the absence of their real role in the market, and the presence of a large percentage of money circulating outside the banking system, in addition to the lack of trust in banking institutions."
He concluded by saying, “The Central Bank still relies on old evaluation mechanisms, and the Islamic banking system has not witnessed real development in Iraq, which makes the priority now to build an integrated banking system, enhance confidence in it, and develop its electronic infrastructure before thinking about launching an electronic currency.” link
AJ
The Finance Committee of the House of Representatives expected, on Tuesday, that the budget schedules will reach Parliament in the middle of this month, -----NOW We Know--------
