Al-Sudani: Iraq is keen to continue coordination with Nokia to secure the infrastructure for the digital transformation project.

   Al-Sudani: Iraq is keen to continue coordination with Nokia to secure the infrastructure for the digital transformation project.

Today , Monday, Prime Minister Mohammed Shia Al-Sudani affirmed Iraq's keenness to continue coordination with Nokia to secure the infrastructure for the digital transformation project.

The Prime Minister's media office said in a statement received by Al-Youm Al-Akhbariya that "Prime Minister Mohammed Shia Al-Sudani received, today, Monday, the Ambassador of the Republic of Finland to Iraq, Anu Saarela, accompanied by a delegation representing the executive directors of the Finnish company Nokia, which specializes in the field of communications and information technology.

" The statement added that "during the meeting, ways to develop cooperation were discussed, especially in the fields of information technology and modern digital technologies, as the company's delegation provided a detailed explanation to Al-Sudani about its programs and plans to implement the digital transformation project and its services in the field of artificial intelligence and fifth generation communications."
Al-Sudani affirmed "Iraq's keenness to continue coordination with Nokia to secure the infrastructure for the digital transformation project in government departments and institutions, and in various sectors."

He pointed out that "the government has laid the foundations for legislation and laws, and created centers concerned with developing this technology and providing the required technologies," indicating that "Iraq presented, during the Arab Summit, important initiatives regarding digital transformation and artificial intelligence."  

For her part, Ambassador Al-Sudani congratulated "the successful organization of the Arab Summit and the strengthening of Iraq's role at the Arab and regional levels, in addition to the government's success in providing services and implementing development projects," stressing that "Nokia is determined to contribute effectively to providing the infrastructure for the digital transformation project, through contracts concluded with Iraqi companies."   link

ABU SNWE UPDATE

ABU SNWE

Is my words clear, do you want to scream at your ear until you hear me? I repeat my words a million times. The reason for the delay in re -evaluation is the corrupt system that is part of its deep state.

It is Iran's arm in the Middle East.. All corrupt systems will be overthrown where it was

-----

I repeat and say I do not mean to re -evaluate.

I have a greater goal, which is to get rid of the corrupt system in Iraq because the cause of ruin. As for the month of July, we are in Iraq with a weapon in this month I expect a revolution or demonstrations begins within the next two months.

EXCERPTS FROM MARKZ: "We are in a 36-48 hour window" #iraq #iqd @DINARREVALUATION ​

 

Rome addresses Baghdad economically: We propose an investment forum to deepen bilateral partnership.

  Rome addresses Baghdad economically: We propose an investment forum to deepen bilateral partnership.

The Italian government has expressed its desire to organize a joint economic forum with Iraq, bringing together businessmen and investors from both countries, as part of efforts to strengthen bilateral relations and expand trade and investment cooperation between Baghdad and Rome.

The Ministry of Foreign Affairs stated in a statement received by {Euphrates News} a copy of it, that: “Deputy Prime Minister and Minister of Foreign Affairs, Fuad Hussein, received today, Monday, the Undersecretary of the Italian Ministry of Foreign Affairs, Ms. Maria Tripodi, in Baghdad.”

At the beginning of the meeting, Tripodi congratulated the minister on the remarkable developments taking place in Baghdad, as well as on the success of the recent Arab Summit. She noted that she had held important and fruitful political and economic discussions during her visit, and affirmed her country's desire to organize an Iraqi-Italian economic forum with the participation of businessmen from both countries.

The Foreign Ministry added, "The meeting discussed developments in the region, with both sides affirming their convergence of views on a number of issues, while expressing optimism about the ongoing positive developments."

For his part, Fuad Hussein expressed his "satisfaction with the results of the discussions held by the Italian official in Baghdad," stressing that "bilateral relations are witnessing significant growth, and there is a shared ambition to enhance economic and trade cooperation between the two countries." link

SANDY INGRAM: SPECIAL REPORT: Why does the value of the Iraqi dinar fluctuate?

 SANDY INGRAM: SPECIAL REPORT: Why does the value of the Iraqi dinar fluctuate?

Highlights

Summary

The video addresses the ongoing fluctuations of the Iraqi Dinar (IQD) against the US Dollar, emphasizing the complexity and external influences affecting the currency’s value. Foremost among these issues is Iraq’s pressure to comply with global financial standards, particularly those targeting anti-money laundering and counterterrorism financing.

 The United States plays a crucial role in enforcing these standards and has made clear that Iraq’s dollar transactions will face restrictions unless full compliance is achieved. This enforcement has caused increased scrutiny, especially due to concerns about US dollars leaking into the hands of Iranian interests. 

The Trump administration exerted significant pressure on Iraq to curb this flow of currency to Iran, reflecting broader geopolitical tensions in the region. Iraqi leaders have responded with urgency, urging swift upgrades to the banking system to prevent further financial leaks. 

Meanwhile, the divergence between the official IQD exchange rate and the parallel market rate is growing wider, with the latter representing the actual living costs for everyday Iraqis. The channel maintains a watchful eye on these developments, aiming to provide ongoing updates about the IQD’s value and underlying causes of its fluctuations.

• 💵 IQD experiencing persistent fluctuations against the US dollar due to complex geopolitical and financial pressures.
• 🌍 Iraq under pressure to meet global anti-money laundering and anti-terrorist financing standards.
• 🇺🇸 US insists on Iraq’s full compliance as a condition for unrestrained dollar transactions.
• 🇮🇷 Increasing amounts of US dollars are reportedly reaching Iranian hands within Iraq.
• 🏦 Iraqi Prime Minister prioritizes swift banking upgrades to prevent currency leaks.
• 📉 Gap between official and parallel market IQD exchange rates is widening, reflecting economic strain.
• 🔔 Continuous monitoring of IQD value changes by informed channels promised.

Key Insights

• 💼 Global Compliance as a Key Determinant of Currency Stability: The video highlights that Iraq’s ability to maintain a stable IQD value heavily depends on its compliance with international financial regulations. This linkage shows how monetary policy cannot be analyzed in isolation but is deeply affected by regulatory and geopolitical frameworks, especially in conflict-affected countries. Non-compliance invites sanctions or restrictions that directly impact currency liquidity and valuation.

• 🌐 Geopolitical Tensions Drive Financial Policy: US efforts to curb Iranian influence by restricting dollar movement in Iraq reveal how international political objectives affect Iraq’s internal financial systems. This intervention disrupts the regular flow of currency and services and places Iraq at the crossroads of competing power interests, causing instability in exchange rates.

• 💵 Currency Leakage and Economic Vulnerability: The leak of US dollars to Iran poses a significant challenge for Iraq’s financial security and economic sovereignty. Dollars leaving the official banking channels increase pressure on the IQD’s exchange rate, impede monetary policy effectiveness, and weaken economic control, illustrating the challenge faced by emerging economies adjacent to volatile geopolitical zones.

• ⏳ Urgency in Banking System Reforms: The Iraqi Prime Minister’s insistence on rapid banking upgrades underscores the critical need for infrastructure modernization to withstand external pressures. Robust banking systems can enhance transparency, reduce illicit financial flows, and stabilize currency markets by fostering trust among investors and citizens.

• 📉 Parallel Market vs. Official Exchange Rate Disparity: The widening gap between official and parallel market exchange rates reflects a fundamental disconnect between government-set valuations and the realities faced by ordinary Iraqis. This disparity often arises in economies grappling with inflation, political uncertainty, or foreign exchange shortages, leading to a dual exchange system that affects imports, pricing, and public confidence.

• 🔄 Information Gaps and Conflicting Narratives: The fluctuating reports and lack of consistent clarity about the reasons behind IQD changes highlight the challenges in obtaining transparent, reliable financial news during politically charged times. This confusion complicates decision-making for investors, businesses, and policymakers.

• 🔍 Continuous Monitoring Is Crucial: The commitment to ongoing updates on IQD fluctuations reflects the dynamic nature of Iraq’s financial environment. In such cases, constant vigilance allows stakeholders to react timely to shifts, understand underlying causes, and adapt strategies accordingly for both economic and political risk mitigation.

Overall, the video offers a layered understanding of IQD value fluctuations not merely as an economic phenomenon but as a consequence of intertwined regulatory, geopolitical, and domestic economic challenges. It stresses the importance of comprehensive reforms and international cooperation to stabilize Iraq’s currency and financial system within a highly complex regional context.

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Finance: Ernst & Young contracted to evaluate Iraqi insurance companies.

   Finance: Ernst & Young contracted to evaluate Iraqi insurance companies.

The Minister of Finance announcedSami's SpectreToday, Monday, contractedIraqWith the company "Ernest"Young" Global to evaluate the performance of government insurance companies and make recommendations to determine their fate.

Sami told the official agency, which followed it:Alsumaria NewsHer ministry, "based on the directives ofcabinetI contracted with the international company Ernst & Young to evaluate the work of government insurance companies.

She added , "The company's role will focus on submitting technical recommendations to the ministry regarding merging, restructuring, or improving the current performance of these companies, in line with international best practices and standards."Ministry of FinanceIn 2023, it announced its selection of the international audit firm "Ernest"Young" and its headquartersAmerica...to "review its financial statements, as a first step in efforts to correct and reform financial policy, consistent with the principles of the Iraqi government's reform program," according to an official statement issued at the time. link