CRYPTO TRADER : #IQD Iraq seeks JP Morgan's financial muscle., 9 APRIL

CRYPTO TRADER

#IQD Iraq seeks JP Morgan's financial muscle. Still think they won't exchange IQD after it starts trading on forex.?

9:55 AM · Apr 8, 2025

DINARLAND UPDATE :WHAT BAGHDAD TV ARE SHOWING TO THE CITIZENS BY FIREFLY...

IRAQ NEWS HEADLINES: Iraq is currently experiencing political, security, societal, and economic stability, with a development boom, 9 APRIL

 IRAQ NEWS HEADLINES

Iraq is currently experiencing political, security, societal, and economic stability, with a development boom, said Prime Minister Mohammed Shia al-Sudani during a meeting with the US Chamber of Commerce in Baghdad.

He highlighted Iraq’s investment law, which offers incentives to investors, and revealed that $88 billion in investment licenses have been issued for projects in energy, housing, industry, and agriculture. : PM office

11:44 AM · Apr 9, 2025

TIDBIT FROM FRANK26, 9 APRIL

 Frank26  

Article quote: "The U.S. administration's not-so-secret plan is to rebalance trade by weakening the dollar. 

A way to do that would be to enlist foreign central banks [CBI -Guru Frank26] in a coordinated effort to revalue their own currencies."   

 DO YOU THINK TRUMP OWNS ANY DINARS? 

  What the tariffs are doing is working.  And what they're doing around the world is working, with the American dollar.

 More so, the tariffs are now working in Iraq to bring forth the new exchange rate IMO because it tell you right here, flat out..

the US administration, it's not so secret their plan.  They're admitting it! 

VIETNAM WILL REVIEW EXCHANGE RATE (REUTERS)!! @DINARREVALUATION #iraqidinarinvestor #iraqidinar

 

Iraqi PM Launches Ambitious Banking Sector Reform, 9 APRIL

 Iraqi PM Launches Ambitious Banking Sector Reform

Prime Minister Mohammed Shia' Al-Sudani addressed the Conference on Reforming the Iraqi Banking Sector on Monday, outlining an ambitious agenda to modernise Iraq's financial infrastructure and promote sustainable economic development.

Key initiatives and achievements highlighted in the Prime Minister's address include:

• Implementation of a three-year national budget, enabling long-term planning and strategic investment in health, education, and infrastructure.
• Efforts to diversify revenue sources by automating customs with the Automated System for Customs Data (ASYCUDA) system and improving tax systems, resulting in a 128% increase in customs revenues and 22% rise in tax revenues.
• Structural reforms of Rafidain, Rasheed, Industrial, and Agricultural Banks, supported by an international consultancy firm.
• Enhancement of digital payments infrastructure and partnerships with leading fintech companies, facilitating broader access to financial services.
• Expansion of financial inclusion, with rates rising from 10% to over 40% in two years-an achievement recognised by the World Bank and IMF.
• Updated legislation on e-commerce and digital payments and nationwide campaigns to foster a digital payment culture.
• Continued support for SMEs through financing and resource allocation, contributing to job creation and economic growth.

Al-Sudani reaffirmed that banking reform is a central pillar of his government's broader economic reform programme. He confirmed the launch of a comprehensive strategic initiative in collaboration with the Central Bank to align Iraq's banking system with international standards, strengthen global engagement, and attract new partnerships.

He concluded by reiterating the government's readiness to support both local and international stakeholders in transforming the banking sector to drive economic progress and financial stability.

Full statement from the Media Office of the Prime Minister:

Prime Minister Mohammed S. Al-Sudani attended the Conference on Reforming the Iraqi Banking Sector, held today, Monday.

His Excellency expressed appreciation for all efforts that contributed to organizing this conference, which presents visions and ideas aimed at developing Iraq's banking sector, promoting sustainable development, and enhancing Iraq's economic standing and its regional and international roles. He also commended the efforts of the Central Bank of Iraq, the banks, and the teams from international and local consulting firms for their ongoing work in strengthening and advancing Iraq's financial and banking sectors.

Prime Minister Al-Sudani noted that the government assumed responsibility during a complex economic period, which required decisive actions to achieve stability and ensure growth. He outlined the achievements realized in financial, banking, and economic fields as positive steps toward establishing solid foundations for development and capitalizing on prevailing stability.

Key highlights from the Prime Minister's speech include:

• The government prepared a three-year budget that allocated resources to key sectors such as health, education, and infrastructure.
• The three-year budget has enabled a long-term financial planning framework to help achieve the strategic and developmental objectives of the state.
• The government worked to boost revenues by improving the taxation and customs systems and enhancing non-oil revenues, helping reduce dependence on oil exports.
• Full automation of the customs system is underway through the implementation of the global ASYCUDA platform, developed under the United Nations.
• Customs revenues increased by approximately 128%, while tax revenues rose by about 22%-both higher than previous years.
• Ambitious projects have been launched to reform state-owned banks and improve their capacity to deliver financial services to individuals and businesses.
• Over the past two years, the Cabinet issued several decisions to restructure the Rafidain, Rasheed, Industrial, and Agricultural Banks with the support of a reputable international consultancy.
• The government enhanced the infrastructure for digital payments and transactions by strengthening protocols and systems to facilitate electronic payments across sectors.
• Partnerships were established with leading fintech companies to offer innovative digital payment solutions, enhancing the efficiency of the financial system.
• The financial inclusion rate rose to over 40%, up from just 10% two years ago-an achievement recognized by institutions like the World Bank and the International Monetary Fund.
• E-commerce and digital payment legislation has been updated.
• Awareness campaigns have been launched to promote digital payment culture among citizens.
• Support was extended to small and medium enterprises through financing and resources, resulting in job creation and economic stimulation.
• The initiatives proposed aim to address current challenges in the banking sector and enhance its international competitiveness.
• Banking reform forms a vital part of the economic reform pillar in the government program.
• The government, in cooperation with the Central Bank of Iraq, launched a comprehensive initiative for integrated strategic banking reforms.
• These reforms aim to align with global developments, open new partnerships, and enhance engagement with the global financial system.
• The government is fully prepared to support all local and international entities and institutions in efforts to develop the banking sector and promote economic growth and financial stability.
• Tangible results have already been achieved, with successful expansions and advancements in Iraq's banking industry.

(Source: PMO)

SANDY INGRAM: How BP is affecting investment in IQD #iqd, 9 APRIL

 SANDY INGRAM: How BP is affecting investment in IQD #iqd

Despite facing political upheavals and temporary exits from Iraq, BP returned in 2009 with a renewed commitment to help rebuild the country’s oil industry. 

The focus of BP’s investment goes beyond mere extraction; it includes infrastructure development, employee training, and fostering local partnerships to ensure positive, sustainable economic impacts. Central to this effort is the enormous Rumila oil field, one of the largest in the world, containing an estimated 17 billion barrels of recoverable oil. 

BP’s collaboration with various international firms and local businesses promotes efficient and environmentally responsible practices in oil extraction.

The economic implications of BP’s activities are profound. The revenue from oil production significantly contributes to public services and infrastructure development, improving the overall quality of life in Iraq.

 Additionally, BP’s presence creates thousands of jobs and aids in modernizing Iraq’s refinement capacities, thus boosting the local economy and strengthening the Iraqi dinar. The video emphasizes that BP’s strategic investments and projects not only contribute to the company’s growth but also play a vital role in Iraq’s journey towards becoming a robust player in the global energy market.

Highlights

• 🌍 BP’s Historic Presence: BP has been engaged in the Iraqi oil industry since the 1920s, establishing a long-term partnership that shapes the country’s economy today.
• 🚀 Kirkuk Oil Field Discovery: The discovery of the Kirkuk oil field was pivotal, transforming Iraq into a notable player in the global oil market and significantly impacting its economic development.
• 🔄 BP’s Return Post-2009: After a hiatus, BP returned to Iraq in 2009 with advanced technology and expertise to rebuild its oil sector, committed to Iraq’s economic recovery.
• 🏗️ Rumila Oil Field Project: The Rumila oil field development is one of the largest oil operations globally, projected to have profound impacts on Iraq’s economy and the global oil supply.