More News, Rumors and Opinions Friday PM 1-31-2025
KTFA:
Clare: UN: It's time for all Iraqis to benefit from their country's wealth
1/31/2025 Baghdad -
The Special Representative of the Secretary-General of the United Nations in Iraq, Mohammed Al-Hassan, said on Friday that Iraq is approaching an important constitutional entitlement, which is the elections, expressing his confidence in the ability of the Iraqi people to exercise their constitutional right peacefully and responsibly, stressing that the time has come for all citizens of the country, regardless of their affiliations, to enjoy its benefits, far from sectarian and exclusionary projects.
Al-Hassan during a press conference at the Iraqi Jurisprudence Council in Al-A'dhamiyah, followed by 964 Network :
Our message at the United Nations is a clear message: stability and security in Iraq.
Iraq is for everyone and it is a homeland that embraces everyone.
The soil of Iraq rejects sectarian, factional and exclusionary projects.
We at the United Nations believe that such sectarian and factional projects have no future in this country.
We have confidence in the awareness of the Iraqi citizen and his ability to distinguish between the good and the bad.
Today, the Iraqi citizen is yearning for more careful leaders, leaders whose concern is not to market political projects as much as it is to present projects that improve the living conditions of Iraqis in all governorates.
Projects that provide security and a decent life for all Iraqis.
The education, transportation, roads, health, electricity and other sectors need development.
The Iraqi citizen is looking forward to seeing tangible efforts in various sectors.
What we have seen in the past few years is something honorable and heartwarming.
Iraq is approaching an important constitutional entitlement, namely the elections, and we have confidence in the ability of the Iraqi people to distinguish and exercise their constitutional right peacefully and responsibly, by choosing the leaders in whom they see what fulfills their aspirations and hopes, far from sectarianism and far from exclusionary projects.
It is time for the people of this country, regardless of their affiliations, to all enjoy the blessings of this country.
The future of Iraq is a trust, sectarian projects and fear-mongering from the past and the future are over.
We wish this country all the best and prosperity and all that is good and beneficial for this country and the people of this ancient country. LINK
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Clare: Iraqi Bank Training on Cross-Border Payments, Financial Integrity
30th January 2025 By John Lee.
The Washington DC-based Institute for Financial Integrity (IFI) has announced the launch of the Financial Integrity and Cross-Border Payments Training Program for the National Bank of Iraq (NBI), developed in partnership with the Central Bank of Iraq (CBI) and K2 Integrity.
According to a press release from IFI, this groundbreaking initiative aims to enhance the integrity of the Iraqi financial system by ensuring cross-border payments originating from Iraq adhere to legal requirements, regulatory expectations, and global standards.
Designed for National Bank of Iraq employees, the training program is designed to:
Create a community of financial integrity experts at NBI to enhance the CBI's efforts in effectively addressing significant illicit finance threats to both the Iraqi and global financial systems.
Facilitate and demonstrate effective implementation of global Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) standards in line with Financial Action Task Force (FATF) recommendations and guidance.
Promote a culture of financial crime compliance and risk management throughout NBI.
Ayman Omran Abu Dhaim, CEO at National Bank of Iraq, remarked:
"Ensuring the integrity of financial transactions is crucial for fostering trust and stability in both domestic and international markets. This comprehensive training program will ensure that NBI is a leader in promoting a culture of compliance and protecting the Iraqi and global financial system from abuse by illicit actors.
The blended training program will be delivered both live as well as online through IFI's DOLFIN® platform. Key program features include:
In-depth, live training sessions led by experts from IFI and K2 Integrity
eLearning library featuring videos of experts covering core topics
Practical case studies focusing on real-world challenges and solutions
Resources and tools to support ongoing compliance efforts
Grant Kreft, Chief Executive Officer at Institute for Financial Integrity, said:
"At IFI we're proud to deliver this important training to the National Bank of Iraq... This program represents a significant step towards enhancing the regulatory framework surrounding cross-border payments in Iraq, ultimately benefiting the broader international financial community."
(Source: IFI) LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man This weekend is going to be a very interesting time frame for us. It's really a critical time for us...they even use the word 'crucial'...They definitely have a critical time as far as I'm concerned...
Mnt Goat The governor of the CBI knows the Dr Shabibi plan and it can not be stopped. It can be delayed but the reforms move ahead in spite of the U.S. foreign policy of the past. However, it also took a decent prime minister like Al-Sudani to move it ahead regardless. Remember the Nori Al-Maliki days. Yes, this was yet 8 more years of wasted time...All we need to do is take a good hard look at the last couple years of progress under Al-Sudani and we can clearly see a change. This took strong leadership and dedication to the White Paper reforms. This is where we are today. They are now at the point in spite of all the corruption they have made it to the finish line but now they need a push over it...
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Is This The Last Rate Cut? Economist Steve Hanke On Fed's Next Move
David Lin: 1-31-2025
Steve Hanke, Professor of Applied Economics at Johns Hopkins University, discusses the recent policy actions from the Federal Reserve and the Bank of Canada, and what's next for the U.S. and Canadian economies.
0:00 - Fed decision
2:28 - Fed’s economic assessment
9:35 - Quantity Theory Of Money
19:28 - Inflation and the labor market
24:48 - Money supply level
28:00 - Money velocity
30:00 - Country with highest inflation
32:00 - Fed’s response to market crash
37:00 - Bank of Canada
40:35 - Canada’s economy
44:43 - Consumer debt 47:00 - High-yield bonds
50:26 - Resignation of federal workers
