CRYPTO TRADER: Arab Bank returns to Baghdad after 80 years of presence, 14 APRIL

 CRYPTO TRADER

#1QD

Arab Bank returns to Baghdad after 80 years of presence

9:30 AM · Apr 13, 2025

#IQD Monetary Policy in Iraq and Opportunities for Monetary Stability and Digital Transformation.

MAJEED: POSSIBLE RV FORCED, IF THE SHIPMENTS OF CASH DOLLARS FROM AMERICA DONT ARRIVE ON THE 23RD !!

 

Government Advisor: Solutions To Prevent The Risks Of Commodity Dumping On The National Economy, 14 April

 Government Advisor: Solutions To Prevent The Risks Of Commodity Dumping On The National Economy

Economy | 11:41 - 11/04/2025  Mawazine News – Baghdad  The Prime Minister's financial advisor, Mazhar Mohammed Salih, announced on Friday solutions to prevent the risks of commodity dumping on the national economy.

The advisor to the Prime Minister, Mazhar Mohammed Salih, said: "There are important events that are changing the balance of power in the Iraqi economy, including the beginning of Iraqi economic policy to put an end to the phenomenon of commodity dumping resulting from commercial chaos, which came as a result of the dominance of the concept of commercial liberalism practiced by the commercial community by flooding the market with marginal goods devoid of value and meaning, without coordination and oversight over the past decades."

He explained that "this matter confiscated the national production function and stripped it of its professional capabilities, whether in the accumulation of its professional capabilities, which was reflected in the loss of thousands of job opportunities from the craft sector and the national professions sector, the disruption of the national workshop and factory, and the perpetuation of unemployment, because the craft sector absorbs 60% of the labor force, as is historically known,"

pointing to "the transformation of national capital in the productive industrial and agricultural field and its direction towards the activity of what is called financial capital, which is an activity that seeks quick profit through trading in consumer goods and others that have flooded the local market with products that are alternatives to the national product."

He added, "These products have even suppressed the idea of ​​producing a new, similar product due to their incredibly low prices and their source in various Asian markets, allowing the profits resulting from trade and dumping to be invested in symbolic markets, i.e., the capital markets in the first world or their branches. 

These are the mechanisms that led to commodity dumping and the results of its profits by striking the national economy in three directions: the first: liquidating the productive craft and industrial environment, the second: sustaining unemployment and the accumulation of human capital, and the third: converting the profits of productive national capital into practices of what is called (financial capitalism) with high historical accumulation."

Saleh explained that "these practices are based on plundering the economic surplus of craftsmen, industrialists and real producers, in addition to transferring the physical capital accumulations to global capital markets for investment there, and emptying the country of the agents of development and productive economic capital accumulation in all important fields, especially industrial ones." 

He explained that "commercial or commodity dumping represents the qualitative opposite of the policy of localizing national capital, which requires a clear Iraqi protection policy that protects the national product with a gradual and practical customs fence, to be part of the process of market reform and disentangling the random clash in the import policy with national production and the loss of productive job opportunities."   https://www.mawazin.net/Details.aspx?jimare=260739

TIDBIT FROM FRANK26, 14 APRIL

 Frank26 

 The Vietnamese dong never attracted my attention until now.  I have an itch that will not stop.   China is so stubborn...I think we need to learn more about Vietnam...Not just the dong.  We need to look at the whole  infrastructure of Vietnam starting with their politicians, their futures, their resources, their banking structure.  I want to  learn an awful lot about them.

  Article Quote:  "With the full support of the government and in collaboration with Oliver Wyman Consulting, the Central Bank of Iraq (CBI) today unveiled reform plans aimed at modernizing the Iraqi private banking sector.. ." 

  THIS IS BEAUTIFUL MONETARY REFORM EDUCATION!

 Article Quote:   "The reform process will be a multi-stage journey...The first assessment cycle is expected to begin in the first quarter of 2026."  IMPLEMENTATION IS IN 2025, A YEAR LATER THEY ASSESS IT TO SEE IF IT WAS SUCCESSFUL WITH THE CITIZENS...You think the reform process is to put it, bring it, leave it or take it to 1310?!? LOL! 

DINAR EXCHANGE : They must ReConsider the value of their currency!1 ‪@DINARREVALUATION‬ #iraqidinar

 

“Sign of economic stability”: Arab Bank back in Iraq after 80 years, 14 APRIL

“Sign of economic stability”: Arab Bank back in Iraq after 80 years

Shafaq News/ Iraqi Prime Minister Mohammed Shia al-Sudani met on Sunday with a delegation from Arab Bank led by Chairman Sabih al-Masri, ahead of the inauguration of the bank’s new branch in Baghdad.

According to a statement from al-Sudani’s media office, the meeting focused on enhancing financial and banking cooperation, as well as the Arab Bank’s role in financing investment projects across Iraq.

Al-Sudani described the bank’s return to Iraq as “significant,” noting that it had previously operated in the country for nearly 80 years. “Its return today reflects the current state of political and economic stability in the country,” he said.

He urged the bank to take an active role beyond traditional financial services and contribute to economic growth and development, adding that the government is ready to support and facilitate Arab and foreign banking activity that serves Iraq’s economy.

Arab Bank’s delegation expressed their intention to finance several investment projects and expand operations in Iraq, which they said would help “create job opportunities and stimulate the economic sector.”

MNT GOAT: PROJECT DELETE ZEROS , DIGITAL DINAR AND WTO ACCESSION : we can expect something BIG to occur when these three issues come up in the news :!!, 13 APRIL

 Mnt Goat  

 To summarize the status of the RV... If we follow the news and progress in Iraq there is going to come to a point in time when they begin talking more and more about three topics in their news:

 The Project to Delete the Zeros, the digital dinar and the WTO accession.

 I am told that when these three issues come up in the news in a short span apart and discussed in detail, we can expect something BIG to occur and my CBI contact informed me she was already told to prepare going back to the committee for the currency change-out to the newer lower denominations,

 so we know this period of time is closer than we think with the convergence of these three topics in the news.