Friday, April 11, 2025
Al-Mashhadani meets with the “largest” US trade mission and confirms: We strongly support bilateral agreements, 11 APRIL
Shafaq News / The Speaker of the Iraqi House of Representatives, Mahmoud Al-Mashhadani, met on Tuesday with the largest American trade mission visiting the country, stressing that the Council strongly supports the signing of bilateral agreements with friendly countries, while stressing the importance of investing in the strategic, agricultural, industrial and health sectors.
A statement by the Shahdani Media Office, reported to Shafaq News Agency, that the latter received the Chargé d’affaires at the US Embassy, Daniel Robinstein, accompanied by a large economic delegation from the American Chamber of Commerce that includes representatives of 57 American companies, headed by Lotus Steve, and a number of company heads and investors, within the framework of the work of the American Chamber of Commerce Economic Conference held in Iraq.
At the beginning of the meeting, Al-Mashhadani welcomed the US delegation, stressing that Iraq welcomes all initiatives that contribute to the development of its economy and strengthen its international partnerships, especially with the United States of America, which represents one of the most important strategic partners in various fields.
He stressed the utmost importance of investment in Iraq, especially in vital and strategic sectors such as oil and electricity, which represent the nerve of the Iraqi economy.
He also stressed the need to activate investment in the agricultural and industrial sectors, in addition to the service sectors related to the life of the Iraqi citizen, such as the environment, education and health.
Al-Mashhadani explained that the Iraqi House of Representatives has legislated the investment law that provides a safe and stimulating legal environment for investment, protects the rights of investors and encourages transparency and equal opportunities.
He pointed out that the parliament, as the “house of the people”, ensures a decent and safe life for the citizen, and works closely with the government through effective coordination mechanisms to support development projects and facilitate the entry of investments.
He pointed out that the Iraqi parliament strongly supports the signing of bilateral agreements with friendly countries, which contributes to revitalizing the economic movement, attracting more foreign investments, and creating new job opportunities that contribute to reducing unemployment and promoting economic stability.
For his part, Daniel Rubinstein stressed his country’s commitment to supporting Iraq in its march towards economic development and stability, and strengthening the partnership between the American private sector and its Iraqi counterpart.
The head of the US trade delegation, Lotus Steve, explained that Iraq represents a promising market for investment, and that American companies are looking for opportunities for cooperation in various sectors, with a focus on creating job opportunities for Iraqi youth, and contributing to the development of infrastructure and vital services.
This meeting comes within the framework of the Iraqi state’s orientations towards supporting economic openness and expanding its investment relations with international partners, in a way that promotes sustainable development and provides a stable and attractive environment for investment in various sectors.
AJ : The Iraqi official added that fundamental changes will take place in the banking and financial systems, 11 APRIL
AJ
The Iraqi official added that fundamental changes will take place in the banking and financial systems, including the limited use of paper notes, as they will be replaced by digital currencies in transactions between central banks.
It’s obvious from the steady stream of articles detailing their plan to replace paper notes that they’re serious about this shift. It doesn’t make sense to think they’d spend $250 million printing new lower-denomination notes just to destroy them.
I’m convinced they’re much further along in transitioning to digital currency than some might assume. I’ve also seen firsthand how quickly digital adoption can take off.
My husband’s company runs a mobile banking app in a country very similar to Iraq...when we launched,
90% of the population had never used one. Now, millions are on board, and it didn’t take long at all.
Read full Article
April 10th
The governor of the Central Bank of Iraq (CBI), Ali Al-Alaq, said that digital currencies will help transform Iraq’s conventional banking system.
Al-Alaq clarified during the Conference on Reforming the Iraqi Banking Sector that the CBI wants to establish an advanced economy and emphasized the need for more funding for artificial intelligence research and development.
Al-Alaq explained that digital currencies have the potential to transform the conventional banking system, noting that the CBI has declared its willingness to carry out a plan for banking sector reform, the Iraqi.
In collaboration with the international consulting company Oliver Wyman, the CBI announced an extensive reform strategy designed to make the country’s private banking industry a robust, innovative, and expansion-oriented system.
Al-Alaq revealed in late February that the CBI is planning to create a digital currency to replace paper notes in transactions with central banks.
The Iraqi official added that fundamental changes will take place in the banking and financial systems, including the limited use of paper notes, as they will be replaced by digital currencies in transactions between central banks.US Trade Delegation: Iraq Represents a Promising Investment Market, 11 APRIL
US Trade Delegation: Iraq Represents a Promising Investment Market
Mawazine News – Baghdad
The head of the visiting US trade delegation to Iraq, Steve Lutes, affirmed on Tuesday that Iraq represents a promising market for investment, and that American companies are looking forward to cooperation opportunities in various sectors, with a focus on creating job opportunities for Iraqi youth and contributing to the development of infrastructure and vital services.
The media office of the Speaker of Parliament said in a statement received by Mawazine News: “The Speaker of the Iraqi Parliament, Mahmoud Al-Mashhadani, received at the Presidential Palace in Baghdad the Chargé d’Affaires of the US Embassy to Iraq, Daniel Rubinstein, accompanied by a large economic delegation from the American Chamber of Commerce,
including representatives of 57 American companies, headed by Steve Lutes, and a number of company presidents and investors, within the framework of the American Chamber of Commerce Economic Conference held in Iraq.”
The statement added that “at the beginning of the meeting, Al-Mashhadani welcomed the American delegation,” stressing that “Iraq welcomes all initiatives that contribute to developing its economy and strengthening its international partnerships, especially with the United States of America, which represents one of the most important strategic partners in various fields.”
The Speaker of Parliament stressed, according to the statement, “the critical importance of investment in Iraq, especially in vital and strategic sectors such as oil
and electricity, which represent the backbone of the Iraqi economy.” He emphasized “the need to stimulate investment in the agricultural and industrial sectors, in addition to service sectors that are relevant to the lives of Iraqi citizens, such as the environment, education, and health.”
Al-Mashhadani explained that “the Iraqi Parliament has enacted an investment law that provides a safe and stimulating legal environment for investment, protects the rights of investors, and encourages transparency and equal opportunities.”
He pointed out that “Parliament, as the ‘house of the people,’ ensures a decent and safe life for citizens and works closely with the government through effective coordination mechanisms to support development projects and facilitate the entry of investments.”
Al-Mashhadani stressed, according to the statement, that “the Iraqi Parliament strongly supports the signing of bilateral agreements with friendly countries, as this contributes to stimulating economic activity, attracting more foreign investment, and creating new job opportunities that contribute to reducing unemployment and enhancing economic stability.”
The statement continued, “Daniel Rubinstein, Chargé d’Affaires at the US Embassy in Baghdad, expressed his happiness with this meeting, stressing his country’s commitment to supporting Iraq in its path towards economic development and stability, and strengthening the partnership between the American and Iraqi private sectors.”
For his part, the head of the US trade delegation, Steve Lutes, stressed that “Iraq represents a promising market for investment, and that American companies are looking forward to cooperation opportunities in various sectors, with a focus on creating job opportunities for Iraqi youth and contributing to the development of infrastructure and vital services.”
The statement concluded that “the meeting comes within the framework of the Iraqi state’s efforts to support economic openness and expand its investment relations with international partners, in a way that enhances sustainable development and provides a stable and attractive environment for investment in various sectors.”
TIDBIT FROM MILITIAMAN, 11 APRIL
Militia Man
They're talking about launching the digital dinar.
Alaq talked about financing major projects. It becomes a lot cheaper from 1310 to finance projects at whatever their new effective exchange rate is.
It's going to be a lot cheaper. They all know that. The whole world knows that.
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