MILITIAMAN
Saturday, February 15, 2025
FRANK26: "IF YOU GO TO THE IMF WEBSITE IT WILL TELL YOU IRAQ IS GOING THROUGH A CURRENCY REVALUATION... THAT IS WHY THEY DON'T NEED ANY FINANCIAL AID.", 15 FEB
KTFA
FRANK26: "IF YOU GO TO THE IMF WEBSITE IT WILL TELL YOU IRAQ IS GOING THROUGH A CURRENCY REVALUATION... THAT IS WHY THEY DON'T NEED ANY FINANCIAL AID."....F26
Iraq doesn’t require financial aid, only technical support: IMF regional director
2/13/2025
ERBIL, Kurdistan Region:
Iraq does not require financial support, a regional director from the International Monetary Fund (IMF) told Rudaw on Wednesday.
On the sidelines of the World Governments Summit in Dubai, the Director of the Middle East and Central Asia, Jihad Azour, told Rudaw’s Hawar Abdulrazaq that Iraq “does not suffer from a financial deficit.” He clarified that the only IMF support provided to Baghdad is “technical assistance.”
Azour explained that the IMF is helping the Iraqi finance ministry update public financial management and assisting the Central Bank of Iraq (CBI) in “improving its structure, monitoring the financial sector” and “increasing competitiveness in the Iraqi economy.”
Asked about the IMF’s plans to support struggling countries in the region, including Lebanon and Palestine, Azour confirmed that the organization has a strategy to “provide assistance to fragile countries facing crises, particularly those caused by conflicts.”
Azour highlighted that the IMF is currently conducting crucial research on “the effects of these conflicts” on the affected countries. He emphasized the importance of these studies to “improve their domestic situations after war,” and to “draw the attention of regional countries and the international community,” encouraging them to assist these nations in their economic recovery efforts.
TIDBIT FROM CLARE, 15 FEB
Clare
Article: "Source: Loans and advances have been suspended in banks since the beginning of the year..and the reasons are revealed"
Quote "The reason behind this halt is the lack of financial liquidity...
it is also likely that the suspension will be to await the approval of the new controls and conditions by the Central Bank of Iraq and other relevant authorities, in preparation for their launch."
Sudanese confirm the government’s insistence on lifting the European ban on Iraqi Airways, 15 FEB
Sudanese confirm the government’s insistence on lifting the European ban on Iraqi Airways
Prime Minister Mohamed Shia Al-Sudani discussed, at his residence in Munich, on Friday, with the European Union Commissioner for the Mediterranean and the Middle East, Dubravka Sueka, relations with the European Commission, and ways to strengthen them in various fields, and review the government’s efforts to achieve the meetings of subcommittees between the two sides.
The Prime Minister congratulated Sueka on assuming its new duties, stressing the agreement with the President of the European Council on joint cooperation, and the desire to hold bilateral (Cooperation Council) during this year.
Al-Sudani stressed the government’s insistence on resolving the issue of lifting the European air ban on Iraqi Airways, and the participation of the Civil Aviation Authority in the technical meeting with the European Air Safety Team, to discuss the implementation of the recommendations, and assess the progress made by Iraq in applying international safety standards.
The Sudanese stressed Iraq’s desire to reopen all European countries their diplomatic missions in Baghdad, as Iraq is currently considering opening new missions in some European cities, as well as urging the European side to strengthen the investments of European companies in Iraq, especially in the fields of environment, energy and agriculture with modern technologies.
TIDBIT FROM FRANK26, 15 FEB
Frank
We're very close...The final preparations to announce the new exchange rate are being done with these meetings that are being kept very private, very secret. It's exciting to see.
Article: "Al-Sudani's advisor rebukes citizens for storing money at home and calls for investing it" This is called 'dinar mattress'...
This has been an issue for a while...Why? Because the CBI wants the 3-zero notes back. Why?
The citizens need the money to buy stuff in the streets. Yeah, but they don't want them to use the 3-zero notes anymore.
Why? Because they're going to change the exchange rate. Why? To add purchasing power to the currency of Iraq.
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