Iraq Economic News and Points to Ponder Monday Afternoon 1-27-25

Government Advisor Reveals Iraq's Gold Reserves And Hedging Against "Ill-Considered Races" To Buy It

Time: 2025/01/27 Read: 1,410 times   {Economic: Al Furat News} The economic advisor to the Prime Minister, Mazhar Muhammad Salih, revealed Iraq’s gold reserves, which are estimated at about 152 tons.

Saleh told {Euphrates News} that: "The gold reserve is undoubtedly an important part of Iraq's foreign exchange reserves, as it contributes to enhancing financial stability and confidence in the national currency. According to the announced data, gold reserves have reached about 152 tons."

He added, "The approximate value of it in the country's foreign investment portfolio is about $14 billion, which constitutes about 13% of the total diversification of that portfolio, which is distributed in standard proportions among other foreign currencies."

Saleh promised that gold is "a safe haven for the balance of the aforementioned investment portfolio, especially when the exchange rates of some currencies or the fluctuation of interest on investing in those currencies are exposed to uncalculated risks in the short term as a result of decline or fluctuation."

He pointed out that "central banks often follow standard guidelines, including our country, in diversifying their investment portfolios in foreign currency, which adopts many criteria, including the density of commercial areas with which they deal in global trade and investment."

Saleh added, "Our country is monitoring this diversification with great precision and with accurate advisory coverage, and it is not necessary to enter into ill-considered races in the yellow metal markets," indicating that "gold often carries its management costs, whether insurance or storage fees in global gold vaults, according to highly accurate mechanisms."

He stressed that "its importance lies in the possibility of issuing bonds when needed, called gold bonds guaranteed by gold," noting that "there are currently buying sprees in the world due to the change in the US administration and the rise in its prices."

According to the statement of Al-Sudani's advisor, "the state of uncertainty surrounding the new US administration has led to a rise in gold prices globally, as gold is a safe haven for investors in times of instability," noting that "despite this, strengthening gold reserves depends on the decisions of the monetary authority and its strategies in maintaining economic stability, and taking the necessary measures at the appropriate time."  LINK

Financial Disclosure And Transparency Is A Strategic Approach For The Central Bank

Samir Al-Nusairi   In the past few days, officials in financial and monetary policy were surprised by the statements of some unspecialized analysts and unspecialized media outlets about the crisis of the lack of liquidity in the Ministry of Finance and the Central Bank and the impact of this on delaying the securing of salaries of employees, retirees and social care. The truth is that there is absolutely no such crisis, and this is what the Ministry of Finance and the Central Bank confirmed.

Central banks in the world's countries aim primarily to achieve economic stability by achieving monetary and financial stability according to their programs and strategies that aim to maintain stability in the exchange rate of their local currencies against other foreign currencies and build sufficient foreign reserves according to special international standards.

Banks are also evaluated based on other standards related to facing crises, challenges and economic and political shocks in their countries and controlling stable rates of inflation and interest rates and implementing compliance systems and rules and combating money laundering and terrorist financing.

The Central Bank of Iraq's journey during 2023 and 2024 has proven that it is moving steadily towards achieving the objectives of monetary policy and with a consistent and strategic approach that relies on transparency and disclosure of financial data and dealing with international financial organizations and institutions, based on the keenness to restore confidence in international banking transactions, which Iraq suffered from in previous years due to reputational risks and the negative media impact towards harming the Iraqi economy and leaking inaccurate and fabricated data, information and statements intentionally or by relying on data from a source other than its official source, which is the Central Bank exclusively.

This led the Central Bank's management, which assumed responsibility in 2023, to draw up its third strategy, and one of its most prominent main and sub-goals was to adopt transparency and disclosure locally and internationally about the progress of the results achieved by the financial and banking sector and adherence to the standard international standards applied by reputable international banks, which led to the creation of a new and balanced relationship with international banks and banking institutions based on trust in the financial data provided and announced by the Central Bank.

This is what he announced from statistics, data and accurate analyses of what was achieved during the past two years.

These are positive indicators achieved by the Central Bank for the third quarter of 2024 compared to the same period in 2022 and 2023, as the total deposits in banks operating in Iraq grew by (4.2%) and amounted to (127.6) trillion dinars, compared to its value of (122.4) trillion dinars in the third quarter of 2023, and the cash credit granted by operating banks also recorded a growth of (11.6%) and amounted to (72.7) trillion dinars, compared to its value of (65.1) trillion dinars in the third quarter of 2023.

Indicators and data showed that the narrow money supply in Iraq recorded a growth of (4.1%) in the third quarter of 2024, as its value reached (158.6) trillion dinars, compared to its value of (152.4) trillion dinars in the third quarter of 2023. In contrast, the broad money supply in Iraq recorded a growth of (3.3%), as its value reached (179.1) trillion dinars, compared to its value of (173.9) trillion dinars in the third quarter of 2023.

The Central Bank's gold reserves also recorded a significant growth of (57%) in the third quarter of 2024, reaching (16) trillion dinars, compared to (10.7) trillion dinars in the third quarter of 2023, and the annual inflation rates in Iraq are among the lowest annual inflation rates in the countries of the region for the months of August and September of 2024, ranging between (3.1%) and (3.7%) respectively, which reflects price stability and the success of monetary policy in Iraq.

This confirms that the data issued by the Central Bank, published on its website and included in all media releases it issues, refute what is stated by non-specialists, such as representatives and analysts in various media outlets, especially regarding liquidity, reserves and salaries.

Through my analysis as a follower and specialist, I believe that the Central Bank’s disclosure of financial data with the required accuracy will greatly help restore confidence in our national economy and the Iraqi banking sector locally and internationally, because disclosure, transparency and credibility will contribute to restoring confidence in the Iraqi banking sector and raising the rate of financial inclusion. https://economy-news.net/content.php?id=52313

93% Of The Central Bank Of Iraq's Sales Are For Foreign Remittances
Economy   | 01/27/2025   Mawazine News – Baghdad  Foreign transfers in the Central Bank of Iraq's sales, in Monday's currency auction, amounted to more than 93%.

The bank sold 296 million, 590 thousand, and 953 dollars in its auction today, covering it at a basic exchange rate of 1310 dinars per dollar for documentary credits and international settlements for electronic cards, and at a rate of 1310 dinars per dollar for foreign transfers, and at a rate of 1305 dinars per dollar in cash.

Most of the dollar sales went to enhance balances abroad in the form of transfers and credits, which amounted to 276 million, 790 thousand, and 953 dollars, at a rate of 93.12%, compared to cash withdrawals of 19 million and 800 thousand dollars.

The number of banks that bought cash dollars amounted to one bank, while the number of banks that met requests to enhance balances abroad amounted to 6 banks, and the total number of exchange companies participating in the auction was 28 companies. https://www.mawazin.net/Details.aspx?jimare=259094

Dollar falls in Baghdad and Erbil as stock exchange closes

Economy | 04:28 - 01/27/2025   Mawazine News – Economy   The US dollar exchange rate against the Iraqi dinar fell on Monday in the markets of Baghdad and Erbil, the capital of the Kurdistan Region, with the closing of the stock exchange.

A Mawazine News correspondent said that the dollar exchange rate fell with the closing of the two main stock exchanges in Baghdad, Al-Kifah and Al-Harithiya, to record 150,500 dinars for every 100 dollars, while the prices were 150,900 dinars for every 100 dollars this morning.

Our correspondent pointed out that the selling prices in the exchange shops in the local markets in Baghdad decreased, as the selling price reached 151,500 dinars for every 100 dollars, while the purchase price reached 149,500 dinars for every 100 dollars.

In Erbil, the dollar also fell, as the selling price reached 150,400 dinars for every 100 dollars, and the purchase price was 150,300 dinars for every 100 dollars. Https://Www.Mawazin.Net/Details.Aspx?Jimare=259097

Oil Prices Fall By More Than 1%

Economy |  01/27/2025  Mawazine News – Baghdad  Oil prices fell more than 1 percent in early Asian trading on Monday after US President Donald Trump called on OPEC to lower prices following the announcement of sweeping measures to boost US oil and gas production in his first week in office.

Markets move Brent crude futures were down 87 cents, or 1.11%, at $77.63 a barrel by 0043 GMT after closing up 21 cents on Friday. U.S. West Texas Intermediate crude was down 89 cents, or 1.19%, at $73.77, according to Reuters data.

Trump on Friday reiterated his call for OPEC to lower oil prices to hurt the finances of oil-rich Russia and help end the war in Ukraine. "One way to stop the war quickly is for OPEC to stop making so much money and lower the oil prices...

The war will stop right away," Trump said. OPEC and its allies, including Russia, have yet to respond to Trump's call, with OPEC+ representatives indicating they already have a plan to start increasing oil output from April, Reuters reported.

Brent and U.S. crude posted their first declines in five weeks last week as concerns about supply cuts from sanctions on Russia eased. Analysts at Goldman Sachs said Sachs said they do not expect Russian production to be significantly affected because higher freight rates encourage more supplies to non-sanctioned vessels to transport Russian oil, while the steep discount on Russian ESPO crude lures price-wary customers to continue buying.

“Given that the ultimate goal of sanctions is to reduce Russian oil revenues, we assume that Western policymakers will prioritize maximizing discounts on Russian oil over reducing production volumes,” the analysts added in a note.

But JP Morgan analysts said some risk premium was justified given that nearly 20 percent of the world’s Aframax tankers are currently under sanctions.

“Applying sanctions on the Russian energy sector as leverage in future negotiations could lead to uncertain outcomes, suggesting that a zero risk premium is not appropriate,” they said in a note.

https://www.mawazin.net/Details.aspx?jimare=259071

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

Seeds of Wisdom RV and Economic Updates Monday Afternoon 1-27-25

Good Afternoon Dinar Recaps,

RIPPLE SECURES LICENSES IN NEW YORK AND TEXAS, EXPANDING U.S. FOOTPRINT

In a latest development, Ripple has obtained Money Transmitter Licenses (MTLs) in New York and Texas, further expanding its presence in the U.S.

These licenses enable Ripple to offer compliant cross-border payment services, enhancing its ability to provide financial institutions and crypto businesses with faster, more efficient payment solutions. This news comes as firms are prepared for a crypto-friendly regulatory regime under President Donald Trump.

Notably, MTLs allow Ripple Payments customers to access a licensed version of its cross-border payments solution in the U.S., where transactions are managed end-to-end by Ripple on behalf of the customers.

55 Global Approvals

In addition to the two new MTLs, Ripple’s license portfolio now totals around 55 global approvals, including the prestigious New York BitLicense and a Limited Purpose Trust Company Charter.

“We’re continuing to see more interest from financial institutions to crypto businesses that want to unlock the benefits of crypto and blockchain for faster, cost-efficient and 24/7 cross-border payments,” Joanie Xie, Ripple Managing Director of North America, noted.

“With years of experience working in both crypto and with financial institutions, Ripple is well-positioned to support companies who are ready to take advantage of the current landscape.”

Its other regulatory approvals include registration as a VASP in Ireland and the Cayman Islands, and an in-principle license in Dubai. Ripple Payments has also grown its client base in North America, adding new partners like Bancoli, CambioReal, and GeoSwift in 2024, helping clients navigate the evolving financial ecosystem.

A Significant Shift Ahead?

Ripple’s recent U.S. regulatory approvals align with the Trump administration’s favorable stance on cryptocurrencies. It also noted that the U.S. industry players are optimistic about the upcoming four years, expecting a more crypto-friendly environment under President Donald Trump.

In a related move, the SEC recently repealed SAB 121, which had placed stringent conditions on banks providing digital asset custody services. This policy change is viewed as a significant step toward the broader integration of blockchain technology into traditional financial systems.

@ Newshounds News™

Source:  Coinpedia

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OKX, CRYPTO.COM SECURE FULL MICA LICENSES TO REACH 400M POTENCIAL EU USERS

While some major exchanges, including Binance, have sought alternative regions due to regulatory challenges, OKX and Crypto.com have doubled down on their commitment to Europe.

▪️OKX and Crypto.com secured full MiCA licenses, enabling seamless crypto services across 30 EEA markets for 400+ million users.

▪️OKX offers 240+ crypto tokens, 260 trading pairs, free euro deposits, and diverse trading tools like bot trading.

▪️MiCA’s harmonized framework empowers long-term crypto growth, with Europe emerging as a hub for blockchain innovation.

OKX and Crypto.com reached a major milestone on January 27 by obtaining full licenses under the European Union’s Markets in Crypto-Assets Regulation (MiCA). The Malta Financial Services Authority (MFSA) granted regulatory approval to both platforms, enhancing their operations across the European Economic Area (EEA).

The MiCA license empowers OKX and Crypto.com to provide regulated crypto services across the EEA. This is facilitated by MiCA’s “passporting” feature, which allows licensed entities to operate seamlessly in EU nations under a unified regulatory framework. Consequently, users in the region gain improved access to secure and reliable cryptocurrency services.

Expanding Services for EEA Users

OKX aims to expand its newly licensed operations by providing diverse services such as spot trading, bot trading, and over-the-counter (OTC) crypto token transactions. The platform will adapt its website and mobile app to local languages, currency options, and regional customer support, ensuring accessibility for users in specific markets.

Similarly, Crypto.com plans to deliver a variety of cryptocurrency services tailored for European users. With its license, the company seeks to maintain a seamless and compliant experience across international borders, solidifying its presence in the EU market.

Erald Ghoos, CEO of OKX Europe, highlighted the critical role of the MiCA license as a key achievement in promoting responsible leadership within the cryptocurrency industry. He noted that the Malta Financial Services Authority is globally recognized for its robust regulatory framework.

“The MiCA regulation in the EU is particularly forward thinking as it’s harmonized across the region. Through passporting, MiCA allows us to reach more than 400 million potential customers in 30 EEA markets,” said Ghoos.

MiCA Sets the Stage for Crypto Growth

OKX now provides regulated access to over 240 crypto tokens and 260 trading pairs, including 61 euro-crypto options, under MiCA-compliant operations. Users can deposit and withdraw euros for free via bank transfers or purchase cryptocurrencies using cards and reliable payment methods.

The MiCA framework enables crypto users to explore long-term investments, trading opportunities, and tools like automated bot trading. Ghoos emphasized Europe’s vast potential as a hub for blockchain and digital assets, stating that the license establishes a solid foundation for industry growth in the region.

While some major exchanges, including Binance, have sought alternative regions due to regulatory challenges, OKX and Crypto.com have doubled down on their commitment to Europe.

By embracing MiCA’s framework, the two platforms are setting a precedent for others to follow. Apart from OKX and Crypto.com, Bitpanda also secured MiCA license in Germany.

@ Newshounds News™

Source:  CoinSpeaker

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Fed to Launch ‘Bazooka’ After Crash

Fed to Launch ‘Bazooka’ After Crash

David Lin:  1-26-2025

In a recent interview, Matthew Piepenburg, a partner of Von Greyerz AG, shared his insights on market sentiment, managing a potential U.S. debt crisis, and the future outlook for gold, the U.S. dollar, and monetary policy with David Lin.

This article highlights key points from their conversation, emphasizing prudent risk management, addressing debt concerns, and exploring the roles of gold and dollar in investors’ portfolios.

As an investor, managing risks in today’s volatile market environment is of paramount importance. To succeed, Piepenburg suggests focusing on capital preservation and exit strategies rather than purely chasing returns. He highlights the need to be aware of changing market conditions and adapting accordingly.

One possible scenario to prepare for is a potential debt crisis in the United States. With increasing debt levels and potential interest rate hikes, the risk of a debt crisis remains a real possibility, according to Piepenburg. As such, investors must evaluate their risk tolerance and ensure a well-diversified portfolio to navigate through these challenging times.

Gold’s historical role as a safe-haven asset and store of value positions it well as a hedge against potential debt crises or other economic downturns. Piepenburg advises investors to view gold as insurance, rather than a speculative asset.

Meanwhile, the outlook for the U.S. dollar remains uncertain. On one hand, the dollar may benefit from its status as the world’s primary reserve currency, especially in times of market stress.

On the other hand, the risks associated with potential debt crises and monetary policy could lead to currency devaluation and harm the dollar’s standing.

In conclusion, navigating market turmoil requires a disciplined approach to risk management, a keen awareness of potential debt crises, and a well-thought-out allocation to safe-haven assets like gold.

 By preparing for uncertain market conditions and understanding the dynamics of debt, monetary policy, and currency values, investors can make informed decisions and protect their wealth amidst a challenging investment landscape.

https://youtu.be/kpPRa8tt3cY

News, Rumors and Opinions Monday 1-27-2025

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 27 Jan. 2025

Compiled Mon. 27 Jan. 2025 12:01 am EST by Judy Byington

Judy Note: There was expected to soon be a Global Blackout, Martial Law and GESARA massive transfer of wealth from the Global Elites back to The People.

A Global Currency Reset to gold/asset-backed currencies of 209 nations, Stock Market Crash, and Martial Law will be implemented.

Meanwhile gold/asset-backed GESARA funds, already taken back from the Vatican bankers, would be used by The People to rebuild.

Sun. 26 Jan. 2025: KABOOM! Trump Declares the End of Income Taxes! IT MUST BE the NESARA GESARA Era! VIDEO – amg-news.com – American Media Group

NESARA GESARA—The GLOBAL Reset that Will Destroy the Old World!

Debt Forgiveness – A Total Financial Reset!

POOF! Your crushing debts? GONE! All your credit card balances, mortgages, and loans—wiped clean. How? Because the entire banking system that enslaved you in endless debt has been built on illigal activities. That’s right—this isn’t just a favor or a bailout. NESARA is correcting decades of financial crimes committed by banks and governments alike. This is a financial jubilee, the likes of which the world has NEVER seen before.

But don’t get too comfortable. This only applies to debt tied to the corrupt banking system. If you owe money outside of it, you’re still on the hook. This is selective justice, targeting the core of the corrupt financial empire.

Tax Liberation – The IRS Gets SMASHED!

Are you sick of handing over your hard-earned cash to the IRS every year? Say goodbye to that nightmare! The IRS, which has been acting unconstitutionally from the start, is about to be DEAD AND BURIED. Income tax? GONE. That’s right! NESARA obliterates income taxes, and it’s about time. For years, the government has been siphoning money from your paycheck illegally, and NESARA is going to stop this robbery in its tracks.

In its place, NESARA brings in a simple 14% flat tax on non-essential goods. That means no taxes on food, medicine, or used goods. It’s fair. It’s simple. And most importantly, it keeps the government’s greedy hands out of your pocket.

Federal Reserve—GAME OVER!

The Federal Reserve, that shadowy institution that’s been pulling the strings behind the scenes for decades, is about to be SNUFFED OUT! NESARA doesn’t just regulate it—it eliminates the entire system. Once and for all, we’re kicking the Federal Reserve to the curb and taking back control of our money.

A new U.S. Treasury-backed “Rainbow Currency” will replace the worthless paper dollars we’ve been using. And guess what? This new currency will be backed by gold, silver, and platinum—REAL assets, not the phony money the Federal Reserve has been printing for years. This isn’t just reform—it’s a total financial revolution.

Financial Privacy Restored – YOUR Money, YOUR Business!

Say goodbye to the constant surveillance and hacking of your personal finances. Under NESARA, your financial privacy is restored. The new U.S. Treasury Reserve Banking System will protect your money from thieves, hackers, and the prying eyes of Big Brother. The days of the government knowing every move you make are over!

This isn’t just about security. It’s about reclaiming control of your financial life. No more tracking. No more surveillance. Your money is yours and no one else’s.

Restitution and Redemption – Getting Back What’s Rightfully Ours!

NESARA doesn’t just stop with reforming the present—it also focuses on correcting the wrongs of the past. The corrupt elites who’ve stolen from us for generations? They’re going to pay. We’re talking restitution for every unconstitutional act committed upon humanity. All the hidden taxes, interest payments, and debt slavery will be accounted for.

And then there’s the Redemption—your currencies and bonds, including the ZIM Bonds, will be exchanged for higher rates, with part of the funds allocated for personal use and the rest earmarked for humanitarian projects. This isn’t just about money—it’s about justice. It’s time to take back what’s been stolen from us and build a future free from oppression.

Read full post here:  https://dinarchronicles.com/2025/01/27/restored-republic-via-a-gcr-update-as-of-january-27-2025/

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Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26   The new lower notes IMO will only work with a new exchange rate and not the 1310.  [The dinars] are the highest form of intel and highest form of security that there is on this planet Earth right now.  It [lower notes] is the  most highly guarded object and secret at this moment...The CBI and Sudani cannot afford one small slip up, one tiny little leak,  even the color.  You don't want any information to be leaded out...even the shape of the new lower notes.  All this must be kept  tightly under wraps until the new exchange rate is finally released... 

Fnu Lnu  Some people apparently have no idea how the oil business works. The originating price for oil is roughly $34 per barrel. The rest of the price is involved in broker's fees, transportation, delivery, and holding. This is how the $34 base cost turns into $75 which is the current end cost of oil per barrel. Now there is a "Dinar for Oil" program...China has International sanctions and part of that was their exclusion from the Iraq Dinar auctions, therefore, they sought to acquire Dinar from other sources like private Dinar owners. They wanted to be able to buy Iraqi oil...so they started offering private owners an enticing price...They made contracts with private owners through intermediaries. That is the "Contract Rate", NOT $75 per dinar. The idea of $75 per Dinar is NOT reality based... The UST put a halt to the contracting of Dinar as of October 2011. Unless you have a pre-2011 contract, YOU WILL NOT GET A CONTRACT RATE from the mythical REDEMPTION CENTERS...

Andy Schectman: "What's Coming for Silver In JANUARY Will SHATTER ALL EXPECTATIONS!" | Silver 2025

Finance Daily:  1-26-2025

Andy Schectman warns of an impending financial reckoning driven by persistent inflation, higher taxes, and dwindling global confidence in the US dollar.

The systematic debasement of the dollar, coupled with the geopolitical tensions and the weaponization of currency, is pushing nations to seek refuge in gold and silver.

The "all at once" moment, where the world collectively dumps dollars and treasuries, could be imminent, leading to a dramatic shift in global financial dynamics.

Schectman urges investors to recognize the signs and prepare by accumulating precious metals. As central banks and nations like China and India continue to stockpile gold and silver, individuals should also consider these assets as a hedge against the volatile economic landscape.

 The real value of these metals lies not just in their price but in their ability to preserve wealth and offer stability amidst economic uncertainty.

By moving into sound money, investors can protect themselves from the inevitable fallout of the ongoing financial instability and the declining value of fiat currencies.

https://www.youtube.com/watch?v=C7aVTGSyhKs

“Coffee With MarkZ” Monday Morning Chat 1-27-2025

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Mark, Mods, Patriot's, Good Morning All.

Member: It appears we've made it thru yet another weekend without the worries of what to do with all that money. *whew*  lol

Member: GM I feel like this is our life now just waiting day by day for this RV to hit.

Member: Any RV news over the weekend Mark?

MZ: I think things are moving along nicely.

MZ: Rumors over the weekend starts with a couple of my biggest bond contacts are saying they now expect theirs somewhere around February 10th. Some of these bigger ones could be “post RV though” There are different pots of money paying different things.

MZ: There are also rumors it could happen tonight. Remember they cloud things so we do not know the timing.

Member: Ask Iraq for the date. They seem to know how to manipulate the timeline.

Member: February 2 Groundhog Day!!!! Need to break this cycle!!!!!!!!

Member: If Trump doesn't address the economy soon then many will blame Trump if and when the markets fall

Member: but Trump signed an EO to get rid of CBDC …that was awesome

MZ: Wealth/redemption folks did not work over the weekend. They were hoping get called in but remember…..they were told to expect to work the next few weekends for awhile.

MZ: I am still waiting on a couple group check ins….Monday mornings are always tough for updates. But a number of groups were told at the end of last week that in 72 hours or so they would see full funding.

MZ: In Iraq:  “Parliamentary Finance: Political consensuses forced the passage of the budget amendment  within the committee”  There is huge political pressure right now to finish the amendments and pass articles 12 and 14. But its finally coming out of committee and going to the full parliament. Should happen in the next couple of days.

MZ: “Governor of the Central Bank of Iraq: We provide the necessary support to International companies that wish to invest in Iraq-including American companies and banks”  Banks and businesses are about to attend a really cool fair in Iraq. And many have already been back and forth already.

MZ: “The minister of commerce calls for the establishment of an exhibition “Made in America “  in Iraq and the presence of American companies in the sessions of the Baghdad exhibition”  All the banks who told us they would never deal with this…… the dinar …well they are there. This creates a tremendous opportunity for American companies.

Member: BP is signing a full fledge contract with Iraq on February 1, meaning the RV must occur before that date IMO.

Member: do you think it will go this month Mark?

MZ: I think it’s more likely to go in the first part of February. I do not have a crystal ball…but have some great sources who are also being kept in the dark right now.

Member: if all the countries are going at once, then doing the final in each of those countries too !!

MZ: We know they are moving at a much quicker pace ….and I was told the US is pressuring Iraq to complete it. This is a first. America really needs this…..financially we are in a heck of a mess.

Member: We are now going into February! I wonder what’s the real hold up, anyone know?

Member: It's not even a full week yet; DJT is just getting started

Member: It’s only a few days till February, but Trump was in Vegas last weekend, very close to Reno

Member: The new Treasury Secretary has not been confirmed by congress yet……Maybe we need him at his job before the RV trigger gets pulled?   Hopefully this happens this week.

MZ: I had not given that much thought but that makes sense for the Treasury….You could be onto something.

Member: Confirming a treasury security is important…his name is Scott Bessent

MZ: “ Trump administration tests the power to email every Federal employee all at once” Many got a second test email today. Making it more efficient to talk to them all at once. Very efficient and maybe easier when it comes time for the EBS?

Member: Really starting to see things happen now. And the MSM can’t hide it anymore. Long time coming and it feels incredible!

Member: Wednesday starts Chinese new year

Member: Chinese New Year starts on the 28th for 2 weeks.

Member: We don't know when it's going to happen but we are seeing many signs that it is very close. Stay focused

Member: I hope everyone has a wonderful Day!  Stay positive!!

Mr. Cottrell Joins for a short time today. Plus other guests. Please listen to the replay for their information.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

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Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

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Iraq Economic News and Points to Ponder Sunday Evening 1-26-25

Iraq .. Discovery Of The Largest Oil Storage In The Center Of The Country With Two Billion Barrels
 
Economy    Iraq    Breaking    Oil  2025-01-20 Shafaq News/ The Central Oil Company, in cooperation with the Chinese company (EBS), announced the achievement of a major oil discovery in the southern East Baghdad field.  The general manager of the company, Eng. Mohamed Yassin Hassan, stated in a statement received by Shafaq News. 

The main exploratory well tests in the eastern Baghdad field have achieved great success, as a highly productive oil flow of medium and light oil was obtained.  It is expected to add more than two billion barrels to Iraq's oil reserves, making it the largest oil discovery in central Iraq.

The Director-General indicated that initial tests of the well showed a daily production rate of up to 5,000 barrels of crude oil. Yassin praised the fruitful cooperation between the Iraqi engineers at the Central Oil Company and their counterparts at the Chinese company EBS, which resulted in careful planning and strict implementation of well testing procedures in the areas located within the oil field.
 
This discovery acquires a strategic importance, as it is added to the oil balance of Iraq, which ranks fifth globally in confirmed reserves.
 
This achievement also comes to enhance the productive capabilities of Iraq, one of the founding and influential members of the Organization of Petroleum Exporting Countries (OPEC), which supports its pivotal role in the global energy market.  
  
https://shafaq.com/ar/اقتصـاد/العراق-اكتشاف-كبر-خزين-نفطي-في-وسط-البلاد-بملياري-برميل  

Al-Alaq Meets An Official Delegation From The United States

Economy - 01/26/2025   Mawazine News – Baghdad   The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Sunday, that the Central Bank provides the necessary support to international companies wishing to invest in Iraq, including American companies and banks.

A statement issued by the media office of the Central Bank of Iraq, received by Mawazine News, stated that "the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, received the Vice President of the American Chamber of Commerce, Steve Lutes, and the President of the American-Iraqi Business Council and his accompanying delegation in Baghdad."

He pointed out that "the meeting discussed banking and economic relations between the two countries and the upcoming visit of the Central Bank of Iraq delegation to Washington and their meeting with the American Chamber of Commerce and American companies next April."

He continued that "the meeting discussed the desire of American companies to invest in the energy, infrastructure and modern technology sectors and to invest in the security stability witnessed by Iraq. The two parties also discussed the mechanisms of international trade and the process of Iraq's transition to fully operating in foreign transfers through correspondent banks."

The governor stressed during the meeting that "the Central Bank of Iraq supports the path of economic growth in Iraq and provides the necessary support to international companies wishing to invest in Iraq, including American companies and banks," noting "the importance of diversification in investment sectors."https://www.mawazin.net/Details.aspx?jimare=259035

Stability Of The Dollar Exchange Rate Against The Dinar In Baghdad And Erbil

01/26/2025   Mawazine News – Economy   The US dollar exchange rate stabilized against the Iraqi dinar on Sunday in the markets of Baghdad and Erbil, the capital of the Kurdistan Region, with the closing of the stock exchange.

The dollar exchange rate also stabilized with the closing of the two main stock exchanges in Baghdad, Al-Kifah and Al-Harithiya, recording 150.800 dinars per 100 dollars, the same prices recorded this morning.

The selling prices stabilized in exchange shops in the local markets in Baghdad, where the selling price reached 151.750 dinars per 100 dollars, while the purchase price reached 149.750 dinars per 100 dollars.

In Erbil, the dollar also stabilized, where the selling price reached 150.700 dinars per 100 dollars, and the purchase price reached 150.600 dinars per 100 dollars. https://www.mawazin.net/Details.aspx?jimare=259046

Iraq's Oil Exports To America Rise During The Week

Energy   Economy News – Baghdad  The US Energy Information Administration announced today, Sunday, that Iraq's oil exports to America increased during the past week.

The administration stated, in a table reviewed by "Al-Eqtisad News", that "the average US imports of crude oil during the past week from 9 major countries amounted to 6.064 million barrels per day, an increase of 109 thousand barrels per day from the previous week, which amounted to 5.964 million barrels per day."

She added that "Iraq's oil exports to America amounted to 218 thousand barrels per day last week, an increase of 66 thousand barrels per day from the previous week, which amounted to 152 thousand barrels per day."

The administration indicated that "the largest oil revenues for America during the past week came from Canada at a rate of 4.329 million barrels per day, followed by Venezuela at an average of 416 thousand barrels per day, then Colombia at 286 thousand barrels per day, and Saudi Arabia at 256 thousand barrels per day."

According to the table, "the amount of US crude oil imports from Mexico amounted to 244 thousand barrels per day, from Nigeria 156 thousand barrels per day, from Brazil 138 thousand barrels per day, and from Libya 30 thousand barrels per day."   https://economy-news.net/content.php?id=52286

Gold Prices Stabilize In Baghdad

Economy | 01/26/2025   Mawazine News – Baghdad   Gold prices witnessed stability in the wholesale markets of Al-Nahr Street in the capital, Baghdad, where the selling price of one mithqal of 21 karat Gulf, Turkish and European gold was recorded at 584 thousand dinars, and the purchase price was 580 thousand dinars.

The selling price of one mithqal of 21 karat Iraqi gold was recorded at 554 thousand dinars, and the purchase price was 550 thousand.

In goldsmiths’ shops, the selling price of one mithqal of 21 karat Gulf gold ranged between 585 thousand and 595 thousand dinars, while the selling price of one mithqal of Iraqi gold ranged between 555 thousand and 565 thousand dinars.   https://www.mawazin.net/Details.aspx?jimare=259024

For current and reliable Iraqi news please visit:  https://www.bondladyscorner.com/

9 Important Financial Emergencies and How To Deal With Them

9 Important Financial Emergencies and How To Deal With Them

Personal Finance - Janice Friedman

DO YOU HAVE AN EMERGENCY FUND?

Have you ever encountered a financial emergency? What was it about, and how did you deal with it? Here, we will explore some of the most common financial emergencies and how to deal with them.

9 Important Financial Emergencies and How to Deal with Them

Have you ever been in a situation that requires you to use some finances which you had not anticipated?  In life, we’re sometimes faced with sudden inevitable occurrences.  Whether a sudden sickness, job loss, or sudden demise of a loved one, different financial emergences occurrences require us to dig our pockets deeper to fix them.

I’ve been using Personal Capital to plan for a financial emergency. I can use it to monitor my emergency fund and see how much cash is embedded in my net worth. Best part it’s completely free to use.

Financial freedom is all about having the flexibility to live completely free without any burden even if there is an emergency. Even if you’ve achieved financial freedom, building some sort of buffer in your financial plan for financial emergencies is important.

Before we explore more on the different types of financial emergencies and ways to deal with them, let’s look at what a financial emergency is first.

So, What are Financial Emergencies?

Financial emergencies are unexpected situations that require one to use some money that they didn’t intend. What happens when you find yourself in need of cash abruptly from an unanticipated event is what is referred to as a financial emergency.

If not resolved on time, it can pose immediate grave repercussions. These emergencies can occur at any time and in any circle of life, including at home, and work and more.

Since you can’t prevent some of these emergencies, the prudent thing to do would be to plan for them. That is, make sure that when the unexpected event occurs, you have some cash stashed somewhere to cushion you from the impact.

Although you cannot entirely plan for everything, having a fall back plan or some backup is always crucial.

List of Most Common Financial Emergencies

Here are 9 of the most severe financial emergencies you are likely to encounter.

Major Medical Emergencies

Some health or medical emergencies are beyond our control, and no matter how much we try to stay healthy and fit, they still occur. Although we all want to believe that we won’t get sick, planning for such things before they happen is the best thing to do.

 TO READ MORE: https://millionairemob.com/financial-emergencies/

Seeds of Wisdom RV and Economic Updates Monday Morning 1-27-25

Good Morning Dinar Recaps,

XRP LAWSUIT: EXPERT REVEALS POSSIBLE REASON BEHIND RIPPLE’S REQUESTED DEADLINE IN SEC CASE

▪️Ripple requests April 16, 2025 deadline for SEC appeal, as legal battle with the SEC continues to shape XRP’s future.

▪️SEC’s appeal could bring setbacks for Ripple, but new leadership and strong legal defense may change the game.

The legal battle between Ripple and the SEC continues to be one of the most closely watched in the crypto world. Recently, Ripple requested a deadline of April 16, 2025, to respond to the SEC’s appeal. This could mean a prolonged period of uncertainty for XRP, but Ripple is standing firm.

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The SEC recently filed its appeal, signaling that they aren’t backing down, even after Gary Gensler’s departure from the SEC. However, Ripple’s legal team remains confident. They believe the SEC’s appeal is a rehashed argument and are hopeful that a new administration might just drop the case.

Legal expert, Jeremy Hogan, has also criticized the SEC’s case, stating that they still haven’t proven that XRP buyers expected profits from Ripple’s efforts. The SEC’s case may have weak spots, but as always, this is far from over.

When former SEC lawyer Marc Fagel was asked about Ripple’s deadline on social media, the attorney replied and explained saying,

Pretty standard for lawyers to seek the maximum time allowed. Though I don’t think there’s any doubt they’re also allowing time for a new SEC leadership to resolve the case before they have to file the brief. (Which, again, is a highly unusual thing to happen but seems likely.)

Why does this matter? If the SEC wins the appeal and XRP is classified as a security, Ripple could face even more legal hurdles, which could slow down their progress and partnerships.

This would be a setback for Ripple’s expansion, especially in markets like Asia, the Middle East, and Europe. On the other hand, Ripple has already made strides in international markets, and their cross-border payment solutions remain some of the most efficient in the crypto space.

FAQs
What happens if the SEC wins the XRP lawsuit appeal?
If the SEC wins, XRP could be classified as a security, leading to more legal hurdles and potentially harming Ripple’s partnerships.

Is the lawsuit against XRP over?
No, the lawsuit is ongoing, with Ripple and the SEC engaged in appeals and responses that could take years to resolve.

**************************************
What happened to XRP just now?
XRP’s value or status might have shifted due to legal updates, market reactions, or news. Stay updated for the latest developments.

@ Newshounds News™

Source:  Coinpedia

~~~~~~~~~

BRICS: WHY EXPERTS SAY US DOLLAR’S GLOBAL RESERVE DAYS MAY BE NUMBERED

Amid the ongoing de-dollarization efforts embraced by the BRICS alliance, experts have begun to state that the US dollar’s days as a global reserve asset may be numbered. Although the currency is at a new record high, economists have noted things do not look as promising in the long term.

Analysts and experts have gathered at the World Economic Forum in Davos, Switzerland. It was there that US President Donald Trump, inaugurated Monday, noted the United States would be the “world capital” of both AI and crypto. Those efforts may come to fruition, but the nation is clearly losing ground regarding its greenback as the world’s currency.

US Dollar Dominance Coming to an End? Why Economists Aren’t Keen on Its Long-Term Outlook

The geopolitical tensions over the US dollar have reached a fever pitch in recent years. The BRICS alliance has continued to seek ways to promote local currencies in trade. 

That has only drawn the ire of US President Donald Trump. In retaliation, he has threatened the presence of 100% tariffs and even discussed the creation of an external revenue service.

Yet, those tensions are separate from how experts perceive the global reserve currency. Although it has been the world’s currency since post-World War II, nothing stays the same forever. Now, amid BRICS and other regions’ actions against it, economists warn that the US dollar’s days as a global reserve currency are numbered.

In a recent session at the World Economic Forum called ‘State of Play: US Dollar,’ a panel of experts discussed the greenback. Although they note it will remain the global reserve in the coming years, that will undoubtedly change. Specifically, due to the “exorbitant privilege” that it holds, according to Harvard economist Kenneth Rogoff.

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“Both parties in the United States seem to think that debt is a free lunch,” he said. Additionally, he noted that interest payments on federal debt have officially surpassed the entire US defense budget. Yet, the currency still stands at a record high, reaching levels not seen since the mid-1980s or early 2000s.

The panel notes that it is bound to fall; the question is, how hard? Economic analysts from the World Forum note that “extreme fragmentation of the financial system could decrease global GDP by roughly 5%—more than the setbacks caused by the 2008 financial crisis.” 

They ultimately believe a multipolar system will replace US dominance. Yet, the hope is that the change can come gradually and not suddenly.

@ Newshounds News™

Source:  Watcher Guru

~~~~~~~~~

FED STICKS TO RATES AS INFLATION PERSISTS AND TRUMP’S POLICIES LOOM LARGE

▪️The Fed is likely to maintain interest rates during its upcoming announcement.

▪️Persistent inflation and labor market recovery are key factors in the Fed's decision.

▪️Trump's policies add complexity to the Fed's inflation outlook and decision-making

The Federal Reserve (Fed) is expected to announce its interest rate decision on Wednesday at 22:00 Turkish time, maintaining the policy rate in the 4.25-4.50% range. Market experts predict that the Fed will insist on keeping rates stable as it awaits clearer signals regarding the declining trend in inflation.

According to CME Group’s FedWatch data, the likelihood of no change in rates stands at over 99%. If this expectation holds true, it will mark the first “pause” in rate adjustments since September 2024.

@ Newshounds News™

Read more:  Coin Turk 

~~~~~~~~~

Seeds of Wisdom Team RV Currency Facts Youtube and Rumble

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Thank you Dinar Recaps

“Tidbits From TNT” Monday Morning 1-2-7-2025

TNT:

Tishwash:  Saudi Cafe Chain Opens First Branch in Iraq

Saudi Arabia cafe chain Kyan Café has opened its first branch in Iraq.

The outlet in Basra will initially open from 2:00pm until midnight, but has plans to extend this to 24 hours.

It is Kyan's 356th store worldwide.  link

Tishwash:  Article 140 is close to resolving the transactions of deportees and arrivals in Kirkuk

The Article 140 Committee in Kirkuk announced on Monday that there are approximately 2,500 deportees and 2,000 expatriates whose financial dues allocated by Baghdad are being disbursed by the committee, while it confirmed that the government is paying attention to resolving these files by allocating a budget estimated at about 100 billion annually to pay these special dues.

The director of the Article 140 Committee in Kirkuk, Hardi Khader, told Shafak News Agency,   "The committee was able to complete 2,969 exchange transactions for expatriates and 1,699 exchange transactions for Kurdish deportees during the years 2023 and 2024. There are transactions ready for disbursement, about 5,728 for deportees and 3,931 transactions for expatriates, and these transactions are updated."

Khader added, "The Supreme Committee for Article 140 in Baghdad is the one that allocates the budget and allocates the amounts for the bonds by it, where an amount of 100 billion is allocated annually to cover the disbursement of compensation to the displaced Kurds and Arabs arriving in Kirkuk."

He added that "the committee is working to facilitate the work of the deported Kurdish and Arab visitors who meet the conditions, and the transaction is submitted to the general headquarters to disburse their financial dues through cheques organized for that purpose."

Article 140 stipulates the cancellation of the demographic change policies pursued by Saddam Hussein’s regime in the disputed areas in favor of the Arabs at the expense of the Kurds, and then a census of the population before the final step, which is to hold a referendum in which the population determines whether they wish to join the Kurdistan Region or remain under the administration of Baghdad.

The implementation stages of the article were scheduled to be completed by the end of 2007, but security and political problems prevented this .

In 2019, the Federal Supreme Court ruled that Article 140 of the Iraqi Constitution would remain in effect, stressing that this would continue until its requirements were implemented and the purpose of its legislation was achieved  link

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Signing a memorandum of understanding to establish Iraqi companies with joint capital with the Emirates

Financial cooperation between Baghdad and Abu Dhabi

Prime Minister Mohammed Shia Al-Sudani sponsored, today, Monday, the signing of a memorandum of understanding between the Iraqi Securities Commission and the Abu Dhabi Securities Market, to enhance cooperation and financial services. In light of the memorandum, Emirati investments will be encouraged in establishing Iraqi companies with Emirati-Iraqi capital, and research into trading them in both markets.

Al-Sudani's office in a statement:

Prime Minister Mohammed Shia Al-Sudani received today, Monday, the CEO of the Abu Dhabi Securities Market, Mr. Abdullah Salem Al-Nuaimi.

During the meeting, ways of joint cooperation in the field of exchanging expertise and developing mechanisms for expanding private sector activities to achieve economic growth were discussed.

The Prime Minister sponsored the signing ceremony of a memorandum of understanding between the Securities and Exchange Commission and the Abu Dhabi Securities Market. The agreement was signed on the Iraqi side by the Chairman of the Securities and Exchange Commission, Mr. Faisal Wissam Al-Haims, and on the Emirati side by Mr. Abdullah Al-Naimi.

The MoU includes axes of cooperation in several areas, the most important of which are enhancing and developing the monitoring of daily trading in the market, and brokerage firms, cooperation in the field of dual listing conditions and mechanisms, and in developing and using technological applications and applications and mechanisms for subscriptions and initial listings, as well as in the field of cases of suspending trading on shares and timings for re-trading, and the requirements for licensing REIT funds.

The memorandum also included the exchange of expertise in the field of training, especially the activities of supervision and information technology, trading and clearing, digital transformation and financial analysis, depositing, managing funds and portfolios and supervising them, cooperation in the field of Islamic bonds and sukuk, depositing, settlement and independent financial services, and the requirements and mechanism for opening accounts for foreign investors from outside the country.

In light of the memorandum, Emirati investments will be encouraged in establishing Iraqi companies with Emirati-Iraqi capital, and their trading in both markets will be explored.  link

Mot:  Say -- What!!!! 

Mot: its a marital Thingy - That Guys Will NEVER understand!!! -- 

MilitiaMan & Crew Iraq Dinar News-International Role & Companies-Development Renaissance-Trade- FX-Trade-WTO

MilitiaMan & Crew Iraq Dinar News-International Role & Companies-Development Renaissance-Trade- FX-Trade-WTO

1-26-2025

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=VTdPlvGHI7c

Some “Iraq News” Posted by Clare at KTFA 1-26-2025

KTFA:

Clare:  Central Bank of Iraq announces support for US investment opportunities

1/26/2025

 The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, received on Sunday an official delegation from the United States headed by Steve Lutes, Vice President of the American Chamber of Commerce and President of the US-Iraq Business Council, in the capital, Baghdad.

A statement issued by the bank's media, received by Shafaq News Agency, stated that the meeting discussed strengthening banking and economic relations between Iraq and the United States, in addition to the upcoming visit of the Central Bank of Iraq delegation to Washington next April, which will include meetings with the American Chamber of Commerce and American companies.

Al-Alaq pointed out the desire of American companies to invest in the fields of energy, infrastructure and modern technology, stressing the importance of investing in the security stability witnessed by Iraq. The Governor of the Central Bank confirmed Iraq's support for the path of economic growth, with the provision of the necessary support to international companies, including American companies and banks, stressing the need for diversification in investment fields.

The two sides also discussed the mechanisms of international trade, and the process of Iraq's transition to full operation in foreign transfers through correspondent banks..LINK

Clare: The Central Bank receives an American delegation and discusses with it Iraq's foreign transfers

1/26/2025 Baghdad

The Governor of the Central Bank of Iraq, Ali Al-Alaq, met with an American delegation in the capital, Baghdad, on Sunday, and discussed with him how Iraq can move to fully operate in foreign transfers through correspondent banks.

The Central Bank said in a statement received by "Al-Eqtisad News" that "Al-Alaq received Steve Lutes, Vice President of the US Chamber of Commerce and President of the US-Iraq Business Council and his accompanying delegation in Baghdad."

According to the statement, during the meeting, they discussed banking and economic relations between the two countries, the upcoming visit of the Central Bank of Iraq delegation to Washington, and their meeting with the US Chamber of Commerce and American companies next April.

The meeting discussed the desire of American companies to invest in the energy, infrastructure and modern technology sectors and to invest in the security stability witnessed by Iraq, as indicated in the statement. 

The statement conveyed Al-Alaq's confirmation that the Central Bank "supports the path of economic growth in Iraq and provides the necessary support to international companies wishing to invest in Iraq, including American companies and banks," noting "the importance of diversification in investment sectors."

The two parties also discussed the mechanisms of international trade and the process of Iraq's transition to fully operate in foreign transfers through correspondent banks, according to the statement.  LINK

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Clare: Governor of the Central Bank: We provide the necessary support to international companies wishing to invest in Iraq, including American companies and banks.

1/26/2025

The Governor of the Central Bank, Ali Al-Alaq, confirmed that the Central Bank provides the necessary support to international companies wishing to invest in Iraq, including American companies and banks.

The Central Bank of Iraq stated in a statement: "The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, met today with the Vice President of the American Chamber of Commerce, Steve Lutes, and the President of the American-Iraqi Business Council and his accompanying delegation in Baghdad."

He pointed out that "the meeting discussed the banking and economic relations between the two countries and the upcoming visit of the Central Bank of Iraq delegation to Washington and their meeting with the American Chamber of Commerce and American companies next April."

He continued that "the meeting discussed the desire of American companies to invest in the energy, infrastructure and modern technology sectors and to invest in the security stability witnessed by Iraq. The two parties also discussed the mechanisms of international trade and the process of Iraq's transition to fully operating in external transfers through correspondent banks."

During the meeting, the governor stressed that "the Central Bank of Iraq supports the economic growth process in Iraq and provides the necessary support to international companies wishing to invest in Iraq, including American companies and banks," noting "the importance of diversification in investment sectors."  LINK

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Claare: Minister of Trade calls for holding a "Made in America" ​​exhibition in Iraq and the presence of American companies in the Baghdad Exhibition sessions

1/26/2025   Baghdad/  

Minister of Trade Athir Dawood Al-Ghariri discussed with the US Chargé d'Affaires in Baghdad, Ambassador Daniel Rubinstein, Vice President of the US Chamber of Commerce and Chairman of the Iraqi-American Business Council Steve Lutes, and the accompanying delegation, ways to enhance economic and trade relations between Iraq and the United States.

The Ministry of Trade said in a statement, "The Minister stressed during the meeting Iraq's keenness to strengthen its economic relations with the United States within the framework of the government's orientations towards approving and implementing economic reforms to improve the business and investment environment.

Al-Ghariri pointed out, according to the statement, the exceptional efforts made by the Ministry in coordination with government agencies to hold the third round of negotiations for Iraq's accession to the World Trade Organization after a 16-year hiatus, as Iraq submitted files for goods and services and reviewed economic reforms, including the legislation of the Intellectual Property Law.

The Minister explained: "Iraq seeks to simplify the procedures for the work of American companies inside the country to support trade and investment between the two countries," referring to self-sufficiency in local wheat during the past two years, with the continuation of work on the memoranda of understanding signed with the American side related to the country's needs.

He called on American companies to hold a "Made in America" ​​exhibition inside Iraq and organize a forum between the Iraqi and American private sectors to review investment opportunities and available projects, and hoped that American companies would be present in the sessions of the Baghdad International Fair.

For his part, Ambassador Rubinstein expressed his aspiration for more cooperation and openness between the two countries, referring to the economic reforms that Iraq is witnessing to improve the business and investment environment. He also announced preparations for a visit by a delegation of American businessmen to Iraq next April.

In turn, Steve Lutes thanked the Ministry of Commerce for its support for the work of American companies, praising the Iraqi efforts to improve the business environment and encourage investments.

The statement added: "The two parties agreed to enhance cooperation to expand the business base and strengthen economic and trade relations in a way that serves the common interests of the two countries."  LINK

Clare:  Al-Sudani confirms Iraq's readiness to coordinate between regional countries

1/26/2025  Baghdad

Prime Minister Mohammed Shia al-Sudani confirmed, on Sunday, Iraq's readiness to coordinate between the countries of the region, especially with Turkey, regarding developments in the regional arena, reiterating Iraq's rejection of Syria being an arena for conflict.

The Prime Minister's Media Office said in a statement, seen by "Al-Eqtisad News", that "Prime Minister Mohammed Shia Al-Sudani received Turkish Foreign Minister Hakan Fidan, where during the meeting, bilateral relations between the two countries were discussed, and a number of regional and international issues of common interest were discussed, especially developments in the region and events in Syria." 

The statement added, "The meeting discussed the latest developments in Syria, Gaza and Lebanon, and stressed the importance of adhering to the ceasefire."

He continued, "The meeting also discussed the importance of unifying efforts between the countries of the region in order to support its stability. In this regard, the Prime Minister affirmed Iraq's readiness to coordinate between the countries of the region, especially with Turkey, regarding the developments witnessed in the regional arena, reiterating Iraq's rejection of Syria being an arena for the conflict in which it works to establish stability, due to the impact of this on the region in general."

The Prime Minister stressed, according to the statement, "the government's follow-up on the bilateral relations file, and the implementation of the memoranda of understanding that were signed in light of his visit to Ankara last November, as well as within the framework of Erdogan's visit to Baghdad that took place in April of last year."

For his part, Fidan conveyed the greetings of the Turkish President to the Prime Minister, and expressed his country's desire for close coordination with Iraq regarding developments in the region, pointing to the desire to enhance cooperation in bilateral relations, in light of the two mutual visits of Mr. Al-Sudani and the Turkish President.

The Turkish Foreign Minister also reiterated his country's seriousness in working on the Strategic Development Road project, as well as cooperation in light of the memoranda of understanding signed between the two countries in the fields of energy, education, trade exchange, banking cooperation, and other fields.   LINK

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Clare:  Al-Sudani: Economic reforms have raised the level of foreign investments in Iraq

1/26/2025  Baghdad

Prime Minister Mohammed Shia confirmed, on Sunday, that the government has made significant progress in various aspects of economic reform and digital commercial and banking transformation, noting that economic reforms have been able to raise the level of foreign investment in Iraq. 

The Prime Minister's Media Office said in a statement, seen by "Al-Eqtisad News", that "Prime Minister Mohammed Shia al-Sudani received the Chairman of the US-Iraq Business Council, Vice President of the US Chamber of Commerce Steve Lotus."

He added, "The meeting reviewed trade and cooperation relations between Iraq and the United States, and efforts to prepare for the US Companies Representatives Forum, which will be held in Iraq during this year. The implementation of 18 agreements and memoranda of understanding, which were signed during His Excellency's visit to the United States last year, was also followed up." 

According to the statement, al-Sudani praised "Lotus's efforts in sponsoring and holding forums and meetings, especially with the Iraqi private sector," stressing that "the government has made significant progress in various aspects of economic reform and commercial and banking digital transformation," pointing to the continuation of efforts to legislate the intellectual property law and introduce this concept into school curricula; In order to keep pace with global trade development.

Al-Sudani explained that “economic reforms have raised the level of foreign investment in Iraq, and that American companies are invited to participate in the development renaissance that Iraq is witnessing, and the attractive and business-friendly investment environment.”

For his part, Lutz, according to the statement, praised “the efforts of the Iraqi government in the field of reform, stressing the desire of many American companies to enter the Iraqi market, and to establish promising partnerships with the Iraqi private sector, and to contribute to development and expand the scope of commercial and investment activities.”    LINK