Wednesday, April 9, 2025

AL-SUDANI: IRAQ IS WITNESSING AN UNPRECEDENTED PHASE OF RECONSTRUCTION AND DEVELOPMENT, 9 APRIL

 AL-SUDANI: IRAQ IS WITNESSING AN UNPRECEDENTED PHASE OF RECONSTRUCTION AND DEVELOPMENT

Prime Minister Mohammed Shia al-Sudani said on Friday, April 4, 2025, that: “Iraq is witnessing an unprecedented phase of reconstruction and development.”

During his meeting today with a group of tribal sheikhs and dignitaries from various communities at the guest house of Hajj Rahim Majisar al-Baydani in Baghdad, Al-Sudani affirmed that “the tribes have always been with the state since its founding, beginning with the 1920 Revolution, and their contributions and sacrifices have continued effectively at various stages and times.”

The Prime Minister pointed to “the role of the tribes and their honorable stance in responding to the religious authority’s call for sufficient jihad, the call of the nation, as all members of the tribes that bear the Iraqi color lined up in the trench of confrontation against terrorism. This stance came at a time when it was rumored that Iraq had ended as a state, only for the country to return safe and unified.”

Al-Sudani stressed that “the supreme religious authority’s indication that Iraqis have a cultural and intellectual heritage that they must study, understand, and rely on is a fitting indication, and that our country, with its culture and resources, is capable of facing various challenges.” He emphasized that “her talk about Iraq’s recovery and being on the right path is a reassuring message to some alarmists who paint a picture of anxiety, panic, and defeatism among society.”

He explained, “What we enjoy today is thanks to the sacrifices and honorable stances of the tribes, which we cannot forget. Iraq is strong, capable, healthy, and progressing, as attested to by all regional and international institutions.” He indicated that “Iraq has an important pioneering role, and the reconstruction and development it is witnessing, from Basra to Nineveh, is an unprecedented phase.”

He continued, “From the outset, the government has worked on priorities based on the needs of the people, far removed from any personal or partisan objectives. We cannot mortgage the country’s future solely to oil, especially since Iraq possesses the potential for agriculture, industry, and tourism.”

Al-Sudani stated, “Our country is distinguished by its geographical location as a global trade corridor. That’s why we launched the Development Road project, and we are working day and night to achieve our commitment. We have the capabilities, resources, and determination to face various challenges.”

He pointed out that “work is continuing on a project to transport gas to our power stations, and there is a genuine will to implement reforms, and we have made significant progress in this regard, in a timeframe not exceeding two and a half years of the government’s term.”

He continued, “The region has witnessed exceptional circumstances, and the government’s greatest test was how to handle this crisis, given Iraq’s principled position on the Palestinian issue. The continued Zionist aggression against the Palestinians has demonstrated the failure of the international community.

He explained, “We were able to preserve Iraq by acting wisely and responsibly to avoid slipping into the arena of war and conflict. Some emotional and hasty voices wanted Iraq to go to war and conflict.”

The Prime Minister stressed that “the interests of Iraq and Iraqis are the government’s top priority, and there is no room for favoritism toward any internal or external party.” He explained that “the government’s approach is to preserve the supreme interests of the state, and we have full hope that the clerics, tribal sheikhs, and elites will promote a discourse of unity, solidarity, and brotherhood among all members of society.”

He continued, “There are those who thrive on the rhetoric of sedition, crisis, and conspiracies, and we must pay attention to this matter, especially with the upcoming elections. We are confident that Iraq’s future is promising, thanks to its people, capabilities, resources, and sound principles for governing the state.”


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.?
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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
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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)

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