Wednesday, March 5, 2025

MF CONFIRMS SUPPORT FOR IRAQ IN DEVELOPING FINANCIAL POLICIES, 5 MARCH

 MF CONFIRMS SUPPORT FOR IRAQ IN DEVELOPING FINANCIAL POLICIES

The Ministry of Finance confirmed, on Sunday, that the Iraqi government is committed to achieving financial sustainability that supports development and stimulates investment, while the International Monetary Fund expressed its support for Iraq in developing financial policies.

A statement by the ministry, seen by Al-Eqtisad News, stated that “the Iraqi delegation concluded its meetings with the International Monetary Fund in Amman during the period from February 24 to 26, 2025, with the participation of the Minister of Finance, Taif Sami Muhammad, and the Governor of the Central Bank of Iraq,” noting that the economic performance of Iraq and the prospects for sustainable growth were discussed, amid appreciation for the progress made.”

The statement added, “The discussions, in which experts from the Ministries of Finance, Planning, Oil, Electricity and the Central Bank participated, focused on macroeconomic indicators, where a remarkable growth in non-oil GDP was recorded at 5% for the year 2024, driven by the expansion of the agricultural sector and the increase in public spending, with growth expected to continue at 3.5% in 2025.

The mission confirmed, according to the statement, that “these figures reflect an improvement in economic diversification and a reduction in dependence on oil, which enhances the stability of the national economy, in addition to reviewing actual expenditures and expected revenues for the year 2024 and expectations for the year 2025 and how to finance the deficit.”

The statement added that “the meeting discussed updating the public debt strategy with mechanisms that ensure public financial sustainability and enhance investor confidence in government bonds. The IMF also stressed the importance of developing the banking sector to support investments and attract foreign capital, which contributes to creating a more stable financial environment.”

The Fund confirmed, according to the statement, “its support for Iraq in developing financial policies by providing advisors and experts to assist the Ministry of Finance in managing public debt and improving the tax system in line with the requirements of economic growth.”

The statement added, “Within the framework of enhancing financial stability, it was agreed to intensify efforts to expand cooperation with foreign correspondent banks, which facilitates foreign trade financing operations, in addition to enhancing the use of the Iraqi dinar in major transactions, which enhances the strength of the national currency.”

The meetings stressed the continued progress in financial and economic reforms, reflecting the Iraqi government’s commitment to achieving financial sustainability that supports development and stimulates investment, in light of an ongoing strategic partnership with the International Monetary Fund.

STATUS OF THE RV , PART. 1 BY MNT GOAT, 5 MARCH

STATUS OF THE RV

Welcome to my first Newsletter in March. I have some very interesting news for you today. In fact some it may amaze you and it may seem weird too. Today’s commentary is going to be long.

 So, grab a nice hot cup of something to sip on, relax and let it all soak in as you read. Read it again if you don’t understand. All of what I bring you today is so VERY IMPORTANT to truly understand where Iraq is right now and what is holding back the RV as we all wait for it. 

I can’t remember so many “happy faces” in any other Newsletter. If I refer to some news from a past Newsletter go to the Archives and re-read it so it all makes sense. 

I warn you again against all this stupidity in this RV investment community, there is no “secret” four letter agencies telling anyone the RV is going to happen tomorrow or tonight.

 As you finish my commentary today you should understand completely why I keep telling you this. We must stick to the FACTS and get over these lies from these internet intel gurus.  Yes, there is just so much news pouring in from Iraq. 

Why does anyone have to lie and make things up? In the midst of the issues with Iran and the U.S., things are still moving ahead in Iraq. It may be an uphill battle for Al-Sudani and Al Ali-Alaq but they is still aggressively moving forward.

 Will they finally get help from any U.S. politicians to move this progress ahead more? So, let’s hold our horses, the budget schedules are not even expected to get sent to parliament for review until mid-March. Even when they do, I assure you we are not going to see the new RV rate. The rate is not in the budget and we are not waiting for these damned schedules to come out for the RV. Get it? Why do we pin the RV to any single event?

Today’s news is two-fold. On one hand it will demonstrate yet more progress Iraq has made in the advancement to the international scene and how the dinar is finally rising in relation to the dollar.  ;

Yes, the dinar is finally slowly rising. It should not be long before Iraq rises to the top of the middle east and they advance in the rest of the world in global stature.

Is the CBI and the U.S. efforts finally working to break the parallel market? They have to weed out all these small nuances of how they are obtaining the cash dollar. There is also more evidence of the new U.S. policy towards Iraq as this becomes more and more apparent as the president Trump administration moves forward.

 But some U.S. politicians are also stepping up and realizing what is going on in Iraq too. One of these politicians has contacted me about concerns and has been reading my blog all along. This has motivated this politician to seek answers as to what is really going on in Iraq. I guess I am hitting a sensitive note for some, finally!

There is yet another issue that recently surfaced again. This issue concerns a digital currency for Iraq. 

You may ask will they actually do such a thing in Iraq? 

Remember my many presentations on the Pros and Cons of a digital currency? Does the CBI favor this move? Is it being driven by the CBI?

 Is it in the BAST interest of the people or just the to control the people or the banking sector? What is Donald Trump’s stance on a digital currency?

 Do you think the US Treasury would even allow such a thing for Iraq? These are questions that need answers as this effort will very likely affect our investment, if Iraq does move forward with a digital currency. I want to also cover this topic in detail today. You have to pay close attention to this one….

😊So, first I wanted to bring your attention to the article titled “REASONS FOR STOPPING CASH WITHDRAWALS OUTSIDE IRAQ BY TBI”.

 The Central Bank of Iraq and financial institutions have previously taken similar measures to limit the exit of the dollar through unofficial means,” 

 that “some parties were using electronic payment cards to withdraw cash from abroad with money purchased at the official exchange rate inside Iraq, then reselling it at higher prices in the parallel market, which constitutes a type of currency smuggling.

  Although in another article on this subject matter from my 02/27 Newsletter did not specifically tell us, we now find out more information on this topic and the reason why they cut off CASH from these cards outside Iraq. Is exactly as my contact from the CBI told me and I told you back then as for the reason. But here it is in writing….

 In the article titled “IRAQ AMONG THE BEST IN THE WORLD IN CONTROLLING THE SALE OF THE DOLLAR” , the Governor of the Central Bank, Ali Al-Alaq, confirmed today, Saturday, “that Iraq has become one of the best countries in the world in controlling the sale of the dollar”. 

Really? I thought this article funny in a way that he would come out and say this. Then why is the CBI having so many problems breaking the parallel market? Are other countries really much worse off and backwards?   


TEXAS SNAKE: THE CBI has taken necessary steps to insure exchange capabilities!! ‪@DINARREVALUATION‬

 


IRAQI OPPOSITION LOBBIES IN AMERICA: JOE WILSON AND THE MEGA CAMPAIGN AS AN EXAMPLE – URGENT, 5 MARCH

 IRAQI OPPOSITION LOBBIES IN AMERICA: JOE WILSON AND THE MEGA CAMPAIGN AS AN EXAMPLE – URGENT

In recent years, Iraqi lobby groups have become active in the United States, seeking to influence American decision-makers regarding policies towards Iraq. These lobbies are divided between supporters of the current Iraqi government and opponents who seek to change the political system in Baghdad. Among the American figures who adopt this approach, Senator Joe Wilson stands out, who recently launched a political campaign called “MEGA”, targeting what he called “liberating Iraq from Iran”, which sparked widespread controversy in American and Iraqi circles.

Joe Wilson and the Mega Campaign

US Senator Joe Wilson, known for his controversial positions, announced the launch of a campaign called “MEGA”, in direct imitation of former US President Donald Trump’s “MAGA” (Make America Great Again) campaign. Wilson’s campaign, according to what he posted on his account on the X platform, aims to “support the Iraqi people to make Iraq great again”, in reference to the October 2019 protests, which he described as “a non-sectarian movement abandoned by US President Joe Biden.”

The statements come as part of a series of recent posts by Wilson, which, according to Fox News, included “direct threats” calling for action inside Iraq to bring about political change.

Controversy and American Reactions

Wilson’s statements and his new campaign faced sharp reactions from American commentators on social media platforms, with some criticizing him, saying that “American politicians should focus on their internal issues instead of interfering in Iraq’s affairs.”

The campaign also angered some American political circles, as some considered it an “irresponsible attempt to reignite chaos” in a country suffering from major political and security complications.

Iraqi Lobbies in Washington and Their Influence

Wilson’s campaign is part of a broader landscape of Iraqi lobby groups active in Washington, working to influence US policy toward Baghdad. These groups can be divided into:

1. Groups loyal to the Iraqi government: working to strengthen relations between Baghdad and Washington, and defending the Iraqi government in the face of American pressure.

2. Opposition lobbies: consisting of former Iraqi politicians, activists, and some American figures who see the need to change the Iraqi political system, and demand stricter American measures towards Baghdad, such as imposing sanctions or supporting protest movements.

3. Kurdish lobbies: seeking to maintain Washington’s support for the Kurdistan Region, especially with regard to the oil file and relations with Türkiye and Iran.

Iraq is strongly present in American politics

Joe Wilson’s “MEGA” campaign reflects a growing trend among some American politicians toward intervening in Iraqi affairs, whether by supporting protests or demanding broad political changes. Despite the criticism he has faced, these moves reflect the continued influence of Iraqi lobbies in Washington, whether from the Iraqi government or its opponents, making Iraq a strongly present issue in American politics, despite the passage of more than two decades since the American invasion.

JON DOWLING UPDATE, 5 MARCH

 Jon Dowling

 Yes tonight is an historic speech on many fronts. It’s traditionally the date for the inauguration of the constitutional republic. Tonight begins the shift of control from the cabal to we the people! 


Let’s not leave silver out of the conversation, as it is being ransacked out of the Comex vaults to the tune of 120 million ounces! Think that might drive up the price? Buy the dips while you can! 


Meanwhile, XRP is about to be set free after Friday’s major and first ever historic summit at the White House. Watch it go between $10-30 after the summit is concluded. Think dinar as it runs parallel right along with it. Stay tuned!👀👀👀🙏🙏🙏

Frank26 Question: "Will Ramadan affect the timing of the exchange rate?" @DINARREVALUATION ​

 


FRANK26: "MONETARY REFORM REQUIRES THIS TYPE OF SECURITY & STABILITY FROM IRAN!!!", 5 MARCH

 KTFA

FRANK26: "MONETARY REFORM REQUIRES THIS TYPE OF SECURITY & STABILITY FROM IRAN!!!"......F26

Iraqi Foreign Ministry: Ocalan's call is an important step to achieve stability in the region


2/27/2025

 

The Iraqi Ministry of Foreign Affairs welcomed, on Friday, the announcement of the leader of the Kurdistan Workers' Party (PKK), Abdullah Ocalan, and his call for the party to lay down its arms, considering this step positive and important in achieving stability in the region.

The ministry stressed in its statement that this initiative represents a very important development in terms of enhancing security, not only in Iraq, but in all areas where there is a presence of PKK militants in the Kurdistan Region and some other cities. It also stressed that political solutions and dialogue are the best way to address differences and end conflicts in a way that serves the interests of all parties and enhances peaceful coexistence.

The Foreign Ministry expressed its support for all efforts aimed at resolving problems through dialogue, hoping to accelerate practical steps to ensure the end of the Kurdistan Workers' Party's carrying of weapons.

It also renewed the Iraqi government's commitment to bilateral relations with neighboring Türkiye, within the framework of historical and geographical ties and common interests, stressing its commitment to the principle of non-interference.

Abdullah Ocalan on Thursday called on the Kurdistan Workers' Party (PKK) he founded to lay down arms and dissolve itself, in a historic declaration issued in Istanbul after four decades of conflict.

"All armed groups must lay down their arms and the PKK must dissolve itself," he said in the announcement read by a delegation of pro-Kurdish Peoples' Democracy Party (HDP) lawmakers who visited him in his prison on Imrali Island off Istanbul earlier on Thursday.

He stressed that he "bears historical responsibility for this call."

Ocalan's long-awaited letter was read in Kurdish and then in Turkish in front of a large photo of him holding a white sheet of paper, in a hotel in central Istanbul, attended by a crowd of journalists and the "Saturday Mothers," Kurdish women who demonstrate every week over the disappearance of relatives by the authorities.

The Kurdistan Workers' Party (PKK) was founded in 1978 and launched an armed campaign against Ankara in 1984 to establish a Kurdish state. The conflict has left more than 40,000 dead since 1984.

Turkish President Recep Tayyip Erdogan and his government did not immediately comment on Ocalan's announcement.


LINK

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