FIREFLY:TV showing Sudani is meeting with the US Congressman today. They're saying they are pleased and happy with Iraq government and what we have accomplished.
FRANK: Then that means he's happy with the monetary reform and with the new exchange rate and with the banking structure of Iraq which includes the new exchange rate. That has to be what he's talking about because if he's pleased and happy with 1310 then I find that American representative to be stupid LOL!
AL-MASHHADANI STRESSES THE IMPORTANCE OF EXPANDING INVESTMENT HORIZONS IN IRAQ.
Parliament Speaker Mahmoud al-Mashhadani held an expanded meeting today, Tuesday (April 8, 2025), with the head and members of the Independent High Electoral Commission, in the presence of a number of Sunni bloc leaders, to discuss ongoing preparations for the upcoming electoral process.
According to a statement from his media office, received by Baghdad Today, Al-Mashhadani stressed during the meeting the need for concerted national efforts to ensure the integrity and transparency of the elections, emphasizing the importance of creating a safe environment and strengthening confidence in democratic institutions.
The commission presented a detailed presentation on technical and administrative procedures, including updating the voter registry, distributing biometric cards, and securing polling stations. Commission officials noted particular challenges in liberated areas, calling for greater government support to facilitate their work.
For their part, Sunni bloc leaders expressed their full support for the commission, calling for effective guarantees to prevent any manipulation or interference that could affect the election results. They emphasized the need for effective participation by all components to ensure fair representation.
Iraq doesn't have a whole lot of purchasing power at 1310.
But they have an expectation of purchasing power...The deletion of the zeros project is definitely on their minds, especially the tribal leaders in Iraq, which includes politicians.
They're concerned about the deletion of the zeros project but they're fully aware of it and that's where the purchasing power is.
The average guy on the street doesn't have a whole of dinars. They want purchasing power because they want prices to come down so they can afford to live.
The wealthy, tribal leaders perhaps, have a lot of cash and they put that cash in the banks. They think they could get more money in and out of the country...Those folks over there are concerned about their purchasing power.
AL-NUSAIRI CONFIRMS THAT THE COMPREHENSIVE BANKING REFORM PROJECT ANNOUNCED BY THE CENTRAL BANK WILL YIELD PROMISING RESULTS.
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 2024.
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 Eman 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.
Got a lot of questions about Iraq stock exchange. Here's what you need to know to open a account. As a Non Iraqi Investors
The ISX, established in 2004, has grown significantly, listing major companies in banking, telecom, and industry. As a publicly traded company with foreign investor interest foreigners have been allowed to trade on the ISX since 2007, it must have an ISIN for international clearing and settlement.
The Iraq Securities Commission, under Law No. 74 of 2004, mandates compliance with global standards to attract foreign investment, which includes assigning ISINs to listed securities. This applies to both the main market and OTC platforms.
To open a brokages account. Here's The details - Iraq Stock Exchange (ISX) Trading Instructions for Non Iraqi Investors
