Fuad Hussein arrives in Oman to exchange views on "current challenges"
Fuad Hussein arrives in Oman to exchange views on "current challenges" The Iraqi Ministry of Foreign Affairs announced the arrival of its Minister, Fuad Hussein, to the Omani capital, Muscat, on an official visit aimed at strengthening bilateral cooperation between the two countries.
The ministry said in a statement that "Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein is scheduled to hold meetings during the visit with a number of Omani officials, most notably the Omani Minister of Foreign Affairs, Badr bin Hamad Al Busaidi, to exchange views on regional and international developments and current challenges."
The statement indicated that the Iraqi Ambassador to Muscat, Qais Al Ameri, and embassy staff attended the reception ceremony. link
💥Mel addresses the Question with a simple yet shocking answer, she says with Iraq filing bankruptcy doesn’t that leave all the Dinar having NO VALUE? Answer YES, she explains…💥
💥BRICS role is to implement Nations to the Quantum SYSTEM, the IMF and the World Bank have worked along side ( Iraq) them signing over from IMF to World Bank, as Countries are getting all their loans paid back, meaning BRICS is in Control💥
💥Mr POOL Comms, about Chapter 11 Bankruptcy , it’s all a PART of breaking down the OLD SYSTEM to bring in the NEW SYSTEM….THEREFORE, Mel says that Iraqi Bankruptcy is A GOOD THING, the bankruptcy takes the old to zero, and get the NEW RESET, she says , OK, yes, it’s COMING💥
💥Another Question was about the DONG, was it going to be exchanged in Australia? Mel said, her Wealth Management Team said they will contact her about the DONG, as she will inform everyone here whenever she has more information..💥
💥Major Banks in Australia , COMMONWEALTH BANK (CWB),is the ONLY currency bank in Australia, if a holder has large sums to exchange, they may get an appointment to go to a different section of the bank, that is set up for EXCHANGE 💥
💥HSBC in Australia is also set up for Exchanges/ Redemption, remember every Country is different, SO, sit back and watch it play out, Mel says let it UNFOLD… Happy to Share, she is certainly very pumped up, see you later bye for now💥
The Rise In The Value Of The National Currency Has Local And International Causes
Economic 04/27/2025 Baghdad: Hussein Thaghab The Iraqi dinar's exchange rate against the US dollar has witnessed a significant improvement over the current period, supported by a number of internal and external factors.
Most notably, the
country's large financial reserves, the prudent monetary policies pursued by the Central Bank of Iraq, and signs of a thaw in US-Iranian relations have
combined to boost the value of the national currency.
Deputy Governor of the Central Bank of Iraq, Dr. Ammar Hamad, said that the improvement in the Iraqi dinar's exchange rate against the dollar in local markets is due to the central bank's recent policy. He added that
Financial Reserves
the country's massive financial reserves are one of the main reasons behind the improvement in the value of the dinar against the dollar, and
we expect the dinar's value to continue to
improve in the coming period. He pointed out that
the Central Bank of Iraq is working to consolidate the national currency by adopting policies that are consistent with Iraq's
financial capabilities and the requirements of the national economy.
Dollar Flow
Dr. Nabil Al-Abadi said:
“The past few days have witnessed a significant improvement in the exchange rate of the dinar against the dollar, which is the result of a combination of internal and external factors.
On the monetary policy side, the Central Bank has taken strict measures, including
restricting the flow of dollars through auction platforms and imposing strict oversight on banks. It has also raised the interest rate on dinar deposits, which has stimulated the transfer of some cash liquidity.
External Factors, such as the
improvement in oil prices and the accompanying increase in foreign reserves,
have also contributed to this improvement.” He added that
Stabilization
these measures, while effective in achieving short-term stability, remain subject to several risks.
The Iraqi economy's dependence on oil revenues makes it hostage to global market fluctuations.
Furthermore, some austerity measures, such as import restrictions, could negatively impact citizens' purchasing power if they are not accompanied by policies that supportlocal production. He stated that
Productive Sectors
ensuring the sustainability of this improvement requires structural reforms, starting with diversifying the economic base and reducingdependence on oil, through developing productive sectors such as agriculture and industry.
This also requires
a comprehensive overhaul of the banking system and simplifyingcustoms procedures to boost non-oil exports, as well as enhancinginvestment confidence through stabilizing legislative policies. He stated that
improving the exchange rate is not an end in itself, but rather must be a starting point for deeper economic reform.
International experience demonstrates that sustainable monetary stability can only be achieved through a productive economy capable of confronting external shocks.
Global Pressure
Financial expert Dr. Mustafa Akram emphasized that
while there is a reason for the gap between the official exchange rate and the parallel exchange rate of the dinar against the dollar, the gap has its causes. He pointed out that the
opening up between the United States and the Islamic Republic has eased global pressure on remittances to Iran,
reducing demand for the dollar in local markets and strengthening the value of the national currency.
This coincides with ample supply from the Central Bank in the form of remittances and other forms of financing, which necessitates strengthening this phase. He pointed out the
Electronic Card
importance of the Central Bank of Iraq taking action to
reach an agreement with the United States and establish an official platform for transactions by creating an electronic payment card for use in Iran, Russia, and other sanctioned countries.
This would reduce demand for dollars, he noted, noting that
this would
serve small traders and travelers, address many problems, reducesmuggling and illegal trade, and increase the value of the local currency.
Sudani is saying IOO that they are 1,000% above the new exchange rate because they are asset backed...Iraq will not only be gold backed but silver, oil, rare elements, the list is endless...
It will be asset backed with more than just oil, more than just gold...Sudani is saying our foreign currency is suffice to cover the money that is in circulation, the 3 zero notes...
But soon a new exchange rate with purchasing power will cover the lower notes and the deficit in the budget..
(Nice! 😊 Could this also help in full accession to the WTO? Of course it will. What do you think? 😊 Just yet another event where we shake our heads and ask – where is the RV?)
The European Bank for Reconstruction and Development (EBRD) has amended its statutes, enabling it to expand operations into sub-Saharan Africa and Iraq.
According to a statement from the bank, this pivotal change redefines the Bank’s geographic remit and follows approval by its Board of Governors in 2023. The amendment will formally take effect in three months.
The move sets the stage for Iraq to become a full country of operation, alongside several sub-Saharan nations. Iraq, along with Benin, Côte d’Ivoire, and Nigeria, has already joined as a shareholder, while Senegal, Kenya, and Ghana are currently undergoing the membership process.
Full statement from the EBRD:
The shareholders of the European Bank for Reconstruction and Development (EBRD) have accepted an amendment to Article 1 of the Bank’s statutes, enabling the expansion of its operations to selected countries in sub-Saharan Africa and Iraq. Article 1 of the EBRD’s statutes defines the Bank’s purpose and its geographic remit for countries of operations.
The Board of Governors approved this expansion in 2023 and the threshold of shareholder approval required for the amendment to Article 1 has now been met. The amendment will enter into force in three months’ time.
The announcement comes as the EBRD gears up for its 34th Annual Meeting, which will take place at the Bank’s headquarters in Canary Wharf on 13-15 May 2025.
EBRD President Odile Renaud-Basso said: “The modification of our Article 1 statute is a pivotal step towards the Bank’s geographical expansion. It paves the way for our governors to grant recipient status to countries in sub-Saharan Africa and Iraq, which will enable us to start operations in our first countries in the region.”
The EBRD currently has 75 national shareholders, in addition to the European Unionand the European Investment Bank.
The Bank supports countries in transition by using a combination of investment, advisory work and policy reform, with a focus on developing the private sector and bringing about sustainable change.