Inside of Iraq, those banks are run under the CBI banking laws. This bank that [Iraqi bank friend in Michigan] Aki is at has a purpose. But it has no lower denomination notes.
Why?
Because they follow American banking laws.When a Middle Easterner or anybody takes a dinar into Aki's bank, they will be converted physically or electronically into American dollars. This bank servers a purpose.
Why would these banks, like Aki's, be there if there was no rate change coming?
It's all about the money. Aki is a businessman. Here's there to make money with his boss.
They're going to do very well especially that there are 100's of these centers around the world...
I would say Aki's bank is for the exchange of the three zero notes or Aki's bank would not even exist because there would be no reason for them to exist.
Iraq’s representative to the United Nations in New York, Abbas Kazem Obaid, confirmed on Wednesday that United Nations Secretary-General Antonio Guterres accepted Iraq’s official invitation to participate in the Arab summit in Baghdad.
The Ministry of Foreign Affairs said in a statement received by {Euphrates News} that “the representative of the Republic of Iraq to the United Nations in New York, Abbas Kazem Obaid, met with the Secretary-General of the United Nations, Antonio Guterres, at the headquarters of the organization. During the meeting, the representative of Iraq presented the official letter addressed by the President of the Republic, Abdul Latif Jamal Rashid, to the Secretary-General, which includes his invitation to attend and participate in the work of the next Arab summit to be held in the capital Baghdad on May 17, 2025.”
According to the statement, Obaid conveyed “Greetings to the President of the Republic, His Excellency Prime Minister Mohammed Shia Al-Sudani, and Deputy Prime Minister and Foreign Minister Fouad Hussein to the Secretary-General,” stressing their keenness to “attend him, because of the value his participation adds to the summit discussions.”
The statement added that “during the meeting, the most prominent issues on the agenda of the United Nations were also discussed in light of regional and international geopolitical variables, in addition to the priorities and concerns of the Group of 77 and China, currently chaired by Iraq, especially in the fields of financing for development, climate change and sustainable development.”
The representative of Iraq, according to the statement, stressed “the Group’s keenness to strengthen the partnership with the United Nations and its specialized agencies, to achieve common goals in accordance with the principle of collective responsibility.”
He added that “the meeting discussed the prospects for cooperation between Iraq and the United Nations in the post-termination of the United Nations Assistance Mission for Iraq (UNAMI), appreciating the efforts made by the mission during the past two decades,” pointing to “the measures and facilities provided by the concerned Iraqi government institutions to end the mission’s tasks responsibly by the end of this year.”
For his part, the Secretary-General of the United Nations expressed “his appreciation for inviting him to attend the Arab Summit in Baghdad, stressing his participation in its work,” pointing out that “the termination of the tasks of the UNAMI mission is an indicator of the great progress and successes achieved by Iraq in various fields.”
VIETNAM IS IN A HURRY NOW
Deputy PM proposes a quick and SOON agreement with the US"The Deputy PM proposed that, although the United States has decided to postpone tariffs for 90 days, but the two countries need to SOON negotiate a bilateral trade agreement to create a long-term framework to promote stable, mutually beneficial economic and trade relations, in accordance with the framework of the comprehensive strategic partnership between the two countries."
Check out their official GOVERNMENT statement in full:
WASHINGTON DC, United States (Kurdistan 24) – State Department Spokesperson Tammy Bruce made an extremely strong statement on Wednesday in support of the resumption of Kurdish oil exports.
They have been suspended since March 2023, as the result of an adverse ruling from the International Chamber of Commerce. At various times, it seemed they would be resumed, but they remain blocked.
Thus, as Bruce advised Kurdistan 24, “It is critical that the Government of Iraq and all potential parties agree to restart the Iraq-Türkiye Pipeline’s [ITP] operations.”
Bruce’s remark represents the strongest U.S. statement on the need to resume Kurdish oil exports, since the Association of the Petroleum Industry of Kurdistan (APIKUR) complained that Baghdad was unilaterally reneging on the terms of the contract governing Kurdish oil exports.
That occurred in late March, some two weeks ago, when APIKUR issued a statement detailing how Baghdad was acting in bad faith.
Indeed, in her statement on Wednesday, Bruce stressed that “the Government of Iraq must honor the terms of existing contracts with U.S. companies,” as she expressed formal U.S. support for APIKUR’s position.
Bruce’s remarks came in response to a question from Kurdistan24’s Washington DC bureau chief, Rahim Rashidi.
At a State Department press briefing on Tuesday, Rashidi addressed a question to Bruce. He noted APIKUR’s complaint about Baghdad unilaterally changing the terms of the contract and asked her for the U.S. response.
Bruce “took” the question, meaning that she would look into the issue and provide a response later. And that is what her office did, when it emailed her answer to Rashidi on Wednesday.
In her response, Bruce also noted the harm that Iraq is doing to itself by its failure to move in a timely fashion to restore the Kurdish oil exports.
“The pipeline’s two-year closure stifles Iraq’s economic development, inhibits the region’s economic stability, and threatens the American energy jobs which this pipeline supports,” Bruce said.
“The United States stands ready to advance U.S. business opportunities in Iraq, if all sides move quickly to resolve the issue and immediately reopen the pipeline,” she added, as she concluded, “The ITP plays a critical role in sustaining the energy economy of the Iraqi Kurdistan Region and benefits the American companies that operate there.”
ELECTRONIC SYSTEMS COMPLETEIMPLEMENTATION OF RATE CAN NOW PROCEED WITH THESE PROCEDURES AND PROGRAMS IN PLACE
Court Rulings Satisfied
completion of the electronic system specialized in managing and archiving foreign litigation files, which includes lawsuits, international arbitration cases, and foreign lawyers' fees
ensuring accuracy and efficiency in preparing legal responses and reports
completion of this system is the culmination of a series of significant achievements in the field of foreign litigation
The Ministry of Justice announced today, Thursday, the completion of the electronic system specialized in managing and archiving foreign litigation files, which includes lawsuits, international arbitration cases, and foreign lawyers' fees.
This comes as part of implementing the directives of Prime Minister Mohammed Shia al-Sudani, aimed at consolidating digital transformation and developing institutional performance, as part of the government's administrative reform program.
This achievement represents a qualitative shift in the Ministry's work and reflects its commitment to modernizing the legal and technical infrastructure for handling foreign lawsuits.
The new system contributes to standardizing procedures, expediting access to data, and ensuring accuracy and efficiency in preparing legal responses and reports. This enhances Iraq's legal standing and protects its interests before judicial bodies and international courts.
The Ministry affirmed that the completion of this system is the culmination of a series of significant achievements in the field of foreign litigation.
No legal losses have been recorded during the current government's tenure, thanks to the direct monitoring and continuous supervision of His Excellency the Minister of Justice, Dr. Khaled Shawani, who attaches great importance to this issue, given its importance in safeguarding national sovereignty and preserving the legal rights of the Iraqi state.
Ministry of Justice Media
April 10, 2025
On the recommendations of the Prime Minister.
The Department of Justice is completing an electronic system for managing and archiving foreign litigation cases.
The Ministry of Justice announced the completion of an electronic system for managing and archiving foreign litigation cases, including arbitration cases, and international arbitration cases and foreign lawyers’ fees.
The move comes in line with the recommendations of Prime Minister Engineer Mohammad Shia Sudani, aimed at consolidating digital transformation and developing the institutional mandate, as part of the government’s program of administrative reform.
This achievement is a qualitative change in the Ministry's work and reflects its commitment to modernize the legal and technical infrastructure specific to the investigation of foreign litigation cases It protects international judicial institutions and courts.
The Ministry stressed that the completion of this system is part of a series of important achievements in the field of foreign prosecution, because no judicial defeat has been recorded during the life of this government in the laws of the Iraqi state.
