DINAR REVALUATION

Saturday, April 26, 2025

ARIEL: Things are lining up nicely!!! @DINARREVALUATION #iraqidinarinvestor #iraqidinar

Foreign Minister arrives in Washington

Foreign Minister arrives in Washington

Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein arrived in Washington, DC, on an official visit.

A statement by the Ministry of Foreign Affairs received by the Iraqi News Agency (INA) stated that “Deputy Prime Minister and Minister of Foreign Affairs,

Fuad Hussein, arrived in the US capital, Washington, on an official visit during which he will hold a series of bilateral meetings with a number of senior officials in the US administration.”

The statement added that “this visit comes within the framework of strengthening bilateral relations between the Republic of Iraq and the United States of America, and discussing ways to develop joint cooperation in the political, security and economic fields, as well as discussing regional and international issues of common interest.”

The statement continued, “During his visit, the Minister is scheduled to meet with a number of officials in the US State Department, most notably Marco Rubio, US Secretary of State, in addition to holding meetings with prominent political and economic figures.” link

TIDBIT FROM MARKZ

MarkZ

Comment: I heard that Vietnam is talking with the US Treasury and setting everything up.

MarkZ: That is exactly what they are doing. Vietnam is right now in open talks with our Treasury.

The US says it’s time to stop manipulating your currency and raise it.

Comment: [Guru] Bruce said the dong rate will be higher than we think. MarkZ: I keep being told that as well.

BANK STORY FROM MARKZ: "IQD values are going kooky…!! "‪@DINARREVALUATION‬ #iraqidinarinvestor

Al-Sudani: Our goal is to meet the needs of the Iraqi market and stop importing from abroad.

Al-Sudani: Our goal is to meet the needs of the Iraqi market and stop importing from abroad.

Prime Minister Mohammed Shia al-Sudani stated on Thursday that his government's goals include strengthening public-private sector partnerships, meeting the Iraqi market's need for local production, and halting imports.

This came in a speech he delivered during the inauguration of the executive works, via video conference, for six industrial projects in Muthanna Governorate, at a total financial cost of $1.171 billion.

In his televised address, he said that the private sector is the state's true partner in fulfilling various developmental and service obligations and needs for citizens, adding, "We have great confidence in businesspeople in this field and in the facilities provided by the government."

He added, "Our goal is to meet the needs of the local market and stop importing from abroad," stressing the need to meet the needs of the local market, whether for government projects, ministries, governorates, or others.

Al-Sudani continued, "Iraq is currently witnessing a clear push to implement service and construction projects, which requires more diverse materials to meet the needs of this market, regardless of imports." link

💢💢💢IQD RV💢💢💢: Iraq is making significant progress toward joining the World Trade Organization (WTO)

💢💢💢IQD RV💢💢💢

Iraq is making significant progress toward joining the World Trade Organization (WTO), marking a pivotal step in its economic reform agenda.

🇮🇶 Resumption of Accession Talks

After a hiatus of nearly 16 years, Iraq resumed formal negotiations for WTO membership in July 2024. Trade Minister Atheer Dawood Salman Al-Ghurairi led a high-level delegation to Geneva, where the third meeting of the Working Party on Iraq’s accession was held. This meeting was the first since 2008, signaling a renewed commitment to integrating Iraq into the global trading system. 巴士的報ina.iq+6wto.org+6ina.iq+6

📈 Strategic Importance

Minister Al-Ghurairi emphasized that Iraq's accession to the WTO is crucial for stimulating economic growth, enhancing transparency, and encouraging foreign investment. He outlined the government's commitment to economic liberalization, focusing on sectors such as agriculture, industry, and services. The accession is seen as a means to diversify the economy and align Iraq's trade policies with international standards. wto.org+5ina.iq+5ina.iq+5

🌍 Regional and Global Support

The WTO's Deputy Director-General, Zhang Xiangchen, highlighted the significance of Iraq's accession for regional integration and global trade dynamics. Saudi Ambassador to the WTO, Saqar Abdullah Al-Muqbel, also expressed optimism, noting that Iraq is one of the largest economies outside the multilateral trading system. The support from regional and global partners underscores Iraq's strategic importance in the international economic landscape. wto.orgwto.org+3ina.iq+3ina.iq+3

⏳ Next Steps

The fourth round of negotiations is anticipated in the first quarter of 2025. Iraq is expected to submit revised legislative documents and continue discussions on market access for goods and services. The WTO Secretariat plans to organize a Round Table to discuss Iraq's technical assistance needs, further facilitating the accession process. ina.iq+1ina.iq+1wto.org

Iraq's renewed efforts to join the WTO reflect its determination to modernize its economy and enhance its role in the global market. The ongoing negotiations are a testament to the country's commitment to economic reform and international cooperation.