DINAR EXCHANGE: THE need to develop a comprehensive vision for Iraq in light of the significant economic and developmental transformation underway in the country

DINAR EXCHANGE

 The Prime Minister also highlighted the need to develop a comprehensive vision for Iraq in light of the significant economic and developmental transformation underway in the country.

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Prime Minister @Mohamedshia

met with U.S. Senator

@SenJackyRosen

, a member of the Senate Armed Services Committee and the Foreign Relations Committee, along with her accompanying delegation and the Chargé d’Affaires of the U.S. Embassy in Iraq. The discussions addressed the overall Iraqi-US relations and ways to strengthen them in support of mutual interests, Iraq’s progress toward economic recovery, and enhancing regional stability. Prime Minister Al-Sudani emphasized the importance of strengthening relations with the United States across various fields and continuing bilateral dialogue based on mutual respect, Iraq’s sovereignty, and shared values, within the framework of existing agreements and the strategic partnership between the two friendly nations. The Prime Minister also highlighted the need to develop a comprehensive vision for Iraq in light of the significant economic and developmental transformation underway in the country.

FRANK26….5-31-25…ALOHA….STOLE THE PLATES

Al-Sudani To A Member Of Congress: It Is Necessary To Build A Comprehensive Vision For Iraq That Keeps Pace With Economic Transformation And Development.

 Al-Sudani To A Member Of Congress: It Is Necessary To Build A Comprehensive Vision For Iraq That Keeps Pace With Economic Transformation And Development.

Time: 2025/05/31 Read: 1,215 times  {Local: Al Furat News} Prime Minister Mohammed Shia al-Sudani received today, Saturday, Senator Jacky Rosen, a member of the Armed Forces Committee and the Foreign Relations Committee in the US Congress, and her accompanying delegation, in the presence of the Chargé d'Affaires of the US Embassy in Iraq.

A statement from his office, a copy of which was received by {Euphrates News}, stated that: “The meeting discussed the overall Iraqi-American relations and ways to strengthen them in a way that serves common interests, Iraq’s progress in economic recovery, and confirms regional stability.”

Al-Sudani pointed to "the importance of deepening relations with the United States in various fields, continuing bilateral dialogue based on mutual respect, and affirming Iraq's sovereignty and shared values, within the framework of the agreements and strategic partnership between the two friendly countries."

He also highlighted the "need to build a comprehensive vision for Iraq in light of the scale of the economic and developmental transformation taking place in Iraq."

For her part, Senator Rosen affirmed her country's "commitment to building sustainable relations with Iraq," praising "the progress being witnessed in Baghdad and other Iraqi cities, and the Iraqi government's ability to avoid regional conflicts, which underscores Iraq's pivotal role and its growing importance in the region."  LINK

TIDBIT FROM FRANK: IMO the Iraqi dinar is the linchpin

 Frank26  

IMO the Iraqi dinar is the linchpin.  The Iraqi dinar will go first, then the Vietnamese dong and the others will follow suit. 

A lot of people say, well that's double dipping. So what...It's not going to affect anything.  If  you're smart enough to double dip then go right ahead and do it.  I plan to. 

 Article:   "United Nations Secretary General Special Representative Muhammad Al Hasson confirmed  Iraq is on its way to becoming a banking powerhouse domestically and internationally." 

 Not at 1310!  ...1310 is going to be replaced with 1 to 1 because that's where they're almost at...  

Article Quote:  " ...Hassan pointed out the United States supports Iraq's approach which will in the coming days become a banking force that interacts internationally..."

WALKINGSTICK :This [Forex] memo confirms the IIQD is fully armed for public rate visibility at $4.81

 

A Clear Monopoly And Binding Commissions." Observers Warn Of Arab Banks' Dominance Of Currency Sales.

 A Clear Monopoly And Binding Commissions." Observers Warn Of Arab Banks' Dominance Of Currency Sales.

 
Economy     2025-05-31 | 04:38  1,940 views  Alsumaria News – Economic  Economist Mahmoud Dagher confirmed on Saturday that  Arab banks' takeover of the currency exchange window portends an economic catastrophe. ,”

Dagher told Sumaria News  “Arab banks have come to dominate the currency sales window and foreign money transfer operations in Iraq, noting that “this came as a result of the series of US sanctions known as deprivation,
 
which Iraq strictly adhered to due to the great influence of the United States in the global financial system.” 

He explained that   “the new reality has opened the way for banks with foreign capital, some with Arab contributions, to work intensively in the field of money transfers,
 
especially after a number of Iraqi banks withdrew from this activity as a result of the sanctions,
which led to a vacuum in the arena that these banks exploited to their advantage. ”  

Dagher explained that  "only two or three banks currently control money transfer operations,
which amounted to approximately $80 billion in 2024, which represents a severe concentration in the remittance market." 

He noted that  "this concentration has led to the emergence of a clear monopoly, as these banks now
 control trade and  import financing operations in Iraq and  impose commissions as they see fit,  which has negatively impacted diversity and competition within the banking sector."  

He explained that "the state is aware of the seriousness of this situation and is moving toward reforming the banking sector," warning that "any reform must be calm and thoughtful to avoid the creation of powerful financial blocs that monopolize transfer operations."  He stated, "The reform process cannot succeed if it is undertaken hastily or without taking into account market balance.
 
The goal must be to redistribute banking efforts more broadly and prevent a limited number of banks from monopolizing the market." https://www.alsumaria.tv/news/economy/528178/احتكار-واضح-وعمولات-ملزمة-مراقبون-يحذرون-من-هيمنة-مصارف-عربية-على-بيع    

FIREFLY:Alaq on television now again, this is the 4th time he's on TV today and he's saying the CBI is constantly reviewing the deletion of the zeros project and there are no restrictions

  Frank26   

[Iraq boots-on-the-ground report]   

FIREFLY:Alaq on television now again, this is the 4th time he's on TV today and he's saying the CBI is constantly reviewing the deletion of the zeros project and there are no restrictions, there are no balances with America. 

 We are ready to go. 

 FRANK: Oh, buddy! ...Can you say Article VIII!