Sunday, April 20, 2025
Bafel Talabani: ‘My Account’ is an Important Project, Misunderstood by the Public, 20 APRIL
Bafel Talabani: ‘My Account’ is an Important Project, Misunderstood by the Public
PUK leader Bafel Talabani emphasized on Saturday that the "My Account” project is a vital initiative that is often misunderstood by the public.
Speaking to party media on April 19, Talabani said, "The My Account project is very important and the process is not what people understand. We met with the team and were impressed. We had some comments and we hope they will be implemented.”
He added, "This project is so advanced that it has the support of the Americans and other parties. It is a banking system that serves people’s lives, regardless of what it is called.”
Talabani also confirmed that positive progress has been made in recent negotiations between the Patriotic Union of Kurdistan (PUK) and the Kurdistan Democratic Party (KDP), saying both sides have agreed on core principles and strategies. link
Frank26: What's going on right now? , 20 APRIL
Frank26
What's going on right now?
We seek security and stability for the new exchange rate. That's it.
Do we seek the budget?
Well, only if it has a new exchange rate. If not, you can just see the dog-on-thing, I don't want it.
Do we seek the contracts?
Only the rewritten contracts with the new exchange rate in it. Other than that I don't care about your 'memo of understanding' or anything else.
Do we seek the HCL?
What good does it do you you don't have an exchange rate...We're waiting for the new exchange rate. Everything waits for the new exchange rate.
And how are we going to get it? ...Iran, deal or no deal?
President of the Republic: Iraq possesses enormous wealth that must be invested in supporting its economy in the best possible way., 20 APRIL
President of the Republic: Iraq possesses enormous wealth that must be invested in supporting its economy in the best possible way.
President of the Republic, Abdul Latif Jamal Rashid, stressed, on Sunday, that Iraq possesses enormous and diverse wealth that must be invested in supporting its economy in the best possible way.
A presidential statement said that "President of the Republic, Abdul Latif Jamal Rashid, received at the Baghdad Palace, Minister of Industry and Minerals, Khaled Battal Al-Najm."
The President pointed out during the meeting that "Iraq possesses enormous and diverse wealth that must be invested in supporting the Iraqi economy in the best possible way."
The President of the Republic stressed "the importance of this in developing local industry and strengthening the economic situation," noting "the necessity of encouraging and supporting the private sector to contribute alongside the public sector in achieving sustainable development in the country."
For his part, Minister Al-Najm reviewed "the work of the ministry and the projects currently being implemented, in addition to its plans to strengthen the industrial sector in Iraq," expressing "his appreciation for the President's interest and valuable directives."
The statement explained that "the meeting discussed strategic plans aimed at encouraging the work of factories and plants to meet the needs of the local market." link
LATEST INSIGHTS OF MNT GOAT, 20 APRIL
LATEST INSIGHTS OF MNT GOAT
Until April 20, 2025, Mnt Goat has maintained a critical and analytical stance regarding the revaluation (RV) of the Iraqi dinar (IQD). His most recent key points are summarized below:
📉 Critical perspective on RV
In its January 2, 2025 newsletter, Mnt Goat expressed skepticism about the imminence of VR, noting that the ASYCUDA system was not yet operational and that the IQD was not listed on FOREX, making it difficult to implement financial reforms such as the "De-Zero Project".LATEST MNT GOAT NEWSLETTER
🏦 Reforms of the Central Bank of Iraq
Mnt Goat has highlighted that the Central Bank of Iraq (CBI) has closed the dollar auction platform, a measure that it considers positive for the stability of the dinar. However, he warns that internal challenges still persist that could delay VR. LATEST MNT GOAT NEWSLETTER
📉 Parallel market trends
In March 2025, Mnt Goat reported that the exchange rate in the parallel market had decreased to 1,480 IQD per dollar, attributing this drop to the strict measures of the CBI and lower economic activity during the month of Ramadan.DINAR REVALUATION
🕰️ RV Timeline
Although Mnt Goat has previously mentioned that VR could occur in January 2025, in its December 2024 newsletter it expressed uncertainty about the exact timing, suggesting that internal factors could still be delaying the process.
⚠️ Recommendation
Mnt Goat advises caution and patience to investors, urging them to stay informed and not be carried away by baseless rumors.
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TRANSLATION IN SPANISH
Hasta el 20 de abril de 2025, Mnt Goat ha mantenido una postura crítica y analítica respecto a la revalorización (RV) del dinar iraquí (IQD). A continuación, se resumen sus puntos clave más recientes:
📉 Perspectiva crítica sobre la RV
En su boletín del 2 de enero de 2025, Mnt Goat expresó escepticismo sobre la inminencia de la RV, señalando que el sistema ASYCUDA aún no estaba operativo y que el IQD no estaba listado en FOREX, lo que dificultaba la implementación de reformas financieras como el "Proyecto para Eliminar los Ceros" .LATEST MNT GOAT NEWSLETTER
🏦 Reformas del Banco Central de Irak
Mnt Goat ha destacado que el Banco Central de Irak (CBI) ha cerrado la plataforma de subasta del dólar, una medida que considera positiva para la estabilidad del dinar. Sin embargo, advierte que aún persisten desafíos internos que podrían retrasar la RV .LATEST MNT GOAT NEWSLETTER
📉 Tendencias del mercado paralelo
En marzo de 2025, Mnt Goat informó que el tipo de cambio en el mercado paralelo había disminuido a 1,480 IQD por dólar, atribuyendo esta caída a las estrictas medidas del CBI y a la menor actividad económica durante el mes de Ramadán .DINAR REVALUATION
🕰️ Cronograma de la RV
Aunque Mnt Goat ha mencionado anteriormente que la RV podría ocurrir en enero de 2025, en su boletín de diciembre de 2024 expresó incertidumbre sobre el momento exacto, sugiriendo que factores internos aún podrían estar retrasando el proceso .
⚠️ Recomendación
Mnt Goat aconseja cautela y paciencia a los inversionistas, instándolos a mantenerse informados y a no dejarse llevar por rumores sin fundamento .
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