Frank26: "BANKING REFORM IS THE MONETARY REFORM FOR AN EXCHANGE RATE", 11 APRIL

 KTFA 

Frank26:  "BANKING REFORM IS THE MONETARY REFORM FOR AN EXCHANGE RATE".....F26

Al-Nusairi confirms that the comprehensive banking reform project announced by the Central Bank will yield promising results.

4/9/2025- Baghdad

Economic and banking advisor Samir Al-Nusairi confirmed that the banking reform project announced by the Central Bank is consistent with the methodology included and adopted in the government program and the Central Bank's third strategy for the years 2023 and 202 

. It will yield promising results in cooperation with global consulting firms Ernst& Young, K2, and Oliver Wyman to build a transparent information base for comprehensive reform, starting with the banking sector as the first essential link in the economy. Without a sound, solid, and modern banking sector, a strong and robust national economy cannot be built.

Al-Nusairi pointed out that among the important initial results achieved is the commencement of the completion of the actual implementation of the plans drawn up during 2025 and 2026 for comprehensive reform, which are summarized in enhancing financial inclusion and achieving stimulating and sustainable returns for shareholders and investors, and the government and the Central Bank leading projects aimed at modernizing the private banking sector and meeting the needs of the transition to a rapidly growing national economy, creating a fair competitive environment in the banking market, and raising the level of private banks’ ability to confront risks and protect depositors and creditors, thus restoring confidence in the banking sector in general, as well as expanding digital transformation procedures, expanding and diversifying banking services and products, and complying with international standards.

Al-Nusairi pointed out that the above objectives, which were discussed yesterday at the Banking Reform Conference, are established as primary and secondary objectives in the Central Bank's third strategy for the years 2024-2026, and that work is being done on them with a steady, systematic approach, and that the objectives will be achieved in cooperation with Oliver and Wyman at an accelerated pace in the years 2025 and 2026.

It is clear that the Central Bank, in cooperation with relevant authorities, will focus on the following: sharing with the private banking sector detailed criteria and timelines for implementing the reform process, activating support channels, and holding workshops to provide technical assistance. 

The Central Bank of Iraq is fully committed to achieving this transformation by working closely with all relevant stakeholders to pave the way for a strong, resilient, modern, and inclusive financial and banking system.   LINK

TIDBIT FROM FRANK26, 11 APRIL

  Frank26  

The monetary reform education, the Asraflak, is teaching them about the new coins...lower notes...ATMs...the services that they have at the banks now that they are international.  They're teaching them about things they've never told them before...None of this is at 1310. 

 All of this is based on a new exchange rate...It's a process...Let it unfold.  Let it walk its way through.

Article: "Axis Cracks: Iran-Backed Militias in Iraq Consider Disarmament" 

 The militia is considering  to leave Iraq because they're scared of Trump? 

 They're gone and so is Iran and so are their militia and so is the reason we don't  have the new exchange rate...We are walking into peace.  

FRANK26….4-8-25….PEACE?

Frank26: "KTFA FAMILY TAKE NOTE... TARIFFS ALSO DEAL WITH CURRENCY MANIPULATION !!!", 11 APRIL

 KTFA

Frank26:  "KTFA FAMILY TAKE NOTE... TARIFFS ALSO DEAL WITH CURRENCY MANIPULATION !!!".....F26

Donald J. Trump  @realDonaldTrump

 Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable. 

Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, including the Departments of Commerce, Treasury, and the USTR, to negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs,  Currency Manipulation, and Non Monetary Tariffs

And that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately. Thank you for your attention to this matter!

https://truthsocial.com/@realDonaldTrump/posts/114309144289505174

TIDBIT FROM CLARE, 11 APRIL

 Clare 

 Article: "The President of the American Chamber of Commerce: The Treasury Department will play a role in developing the Iraqi economy."  

 Quote:  "The Vice President of the U.S. Chamber of Commerce, Steve Lutes, confirmed on Wednesday that the Treasury Department will play a role in developing the Iraqi economy...

The US Treasury and the US Chamber of Commerce represent the joint efforts of Iraq and America to develop the economy and to have a joint role between us...

Iraq today is better than it was decades ago, and we welcome any company that wants to work in Iraq to develop the Iraqi industry and economy."

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

 

Despite Tariffs, US brings largest Trade Delegation to Iraq, 11 APRIL

  Despite Tariffs, US brings largest Trade Delegation to Iraq

Prime Minister Mohammed S. Al-Sudani received a delegation from the U.S. Chamber of Commerce on Wednesday, including American investors and corporate executives, accompanied by the U.S. Chargé d'Affaires in Iraq.

The meeting focused on strengthening economic ties and promoting Iraq as an attractive destination for foreign investment.

The Prime Minister outlined steps taken by the Iraqi government to facilitate business entry, noting the country's broad and diverse market, legal reforms, and investment incentives. He emphasised Iraq's stability, skilled labour force, and ongoing development across various sectors.

According to a statement from the US Embassy, almost 60 U.S. companies are part of the delegation, aiming to. "strengthen U.S.-Iraq private sector ties and foster fair and balanced trade between the U.S. and Iraq."

The U.S. Chamber and the Federation of Iraqi Chambers of Commerce earlier signed a memorandum of understanding (MoU) to "strengthen ties between the US and Iraqi private sectors." It added: "This partnership will foster long-term economic collaboration."

Last week, the US imposed additional tariffs of 39 percent on imports from Iraq (excluding oil).Last week, the US imposed additional tariffs of 39 percent on imports from Iraq (excluding oil).

Full statement from the Media Office of the Prime Minister:

Prime Minister Mohammed S. Al-Sudani Welcomes a Delegation from the U.S. Chamber of Commerce

Prime Minister Mohammed S. Al-Sudani welcomed today, Wednesday, a large delegation from the U.S. Chamber of Commerce, which included a number of corporate executives and American investors, in the presence of the U.S. Chargé d'Affaires in Iraq.

The Prime Minister reviewed the facilitations and measures taken by the government to support the entry of businesspeople and companies into the Iraqi market, which now holds numerous promising opportunities. He noted that Iraq offers a broad and diversified market for various goods, products, and services.

Prime Minister Al-Sudani emphasized that the Iraqi people have made significant achievements in defeating terrorism and laying the foundations for national development. He stressed the importance of maintaining and strengthening bilateral relations with the United States, particularly since Iraq today stands as a distinguished democratic model in the region.

Key highlights from the Prime Minister's remarks:

Due to the war in the 1980s, the sanctions in the 1990s, and the fight against terrorism over the past two decades, development in Iraq has been delayed across all sectors.

Iraq is a fertile ground for investment opportunities in all fields.

The country today enjoys political, security, societal, and economic stability, and is witnessing an unprecedented development boom.

Iraq has a skilled labor force and promising expertise across various fields.

The government has worked to improve the business environment and made serious efforts to reform laws to facilitate company registration and operations.

Iraq's investment law offers numerous incentives to investors, and the government is working on a legislative package to further encourage foreign investment.

Iraq's trade balance is not in deficit, but structural reforms are needed to reduce reliance on oil.

Iraq is an industrial and agricultural nation and represents the shortest commercial route between East and West, connecting to Europe through Türkiye.

The Development Road Project will become the shortest and most cost-effective economic corridor linking Asia and Europe.

Iraq possesses untapped mineral wealth and ranks first globally in sulfur reserves and second in phosphate reserves.

Iraq produces 4 million barrels of oil per day, but flares associated gas while simultaneously importing gas to power electricity stations.

The government has set a vision for strategic projects and signed contracts with international companies to stop gas flaring by early 2028.

Iraq ranks among the top ten countries in the world in natural gas reserves.

Some portray a negative image of Iraq, which is not only unfair but also inaccurate.

Iraq has welcomed numerous investment companies to carry out projects in energy, housing, industry, and agriculture, with the total value of investment licenses reaching $88 billion.

Sovereign guarantees have been granted to the private sector to support the implementation of projects in various sectors.  link