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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Iraqi government efforts to open up to Washington economically and commerciallyproposals from

    Rocky
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    Iraqi government efforts to open up to Washington economically and commerciallyproposals from Empty Iraqi government efforts to open up to Washington economically and commerciallyproposals from

    Post by Rocky Tue 14 Feb 2023, 10:42 am

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    Baghdad today - follow-up
    With the continuing talks of the Iraqi delegation visiting the United States of America, the Iraqi Prime Minister's advisor for investment affairs, Muhammad al-Najjar, confirmed his country's endeavor to activate the inactive clauses in the strategic agreement with Washington, stressing that it pertains to economic and trade cooperation.
    Since Thursday, the Iraqi economic and banking delegation, headed by Foreign Minister Fuad Hussein, has been holding meetings with US officials in Washington, to discuss a number of files that both countries classify as sensitive and important, on top of these files is the crisis of the decline in the value of the Iraqi dinar following the measures imposed by the US Treasury. Finally, the Central Bank of Iraq to limit the infiltration of dollars into Iran and the Syrian regime.
    A few days ago, the Central Bank of Iraq confirmed that it had reached understandings with the US Federal Bank and the US Treasury, and the two parties expressed their willingness to work jointly to meet the challenges of working on the electronic platform for remittances and cash, which allows the US Federal Bank to monitor remittances leaving Iraq, and they discussed a number of support mechanisms for the bank. The Iraqi Central Bank, in a way that enhances its capabilities to deal flexibly with crises during this stage.
    According to the advisor to the Iraqi prime minister for investment affairs, "the visit will lay new foundations for cooperation with the United States," noting in a statement to the official Al-Iraqiya news channel, on Sunday evening, that "one part of the strategic agreement between Iraq and the United States is activated, which is the security, intelligence and military part." .
    He added that "the situation in Iraq has changed, and that the Prime Minister, Muhammad Shia'a, of Sudan seeks to activate most parts of the agreement in order to be a new starting point for cooperation between the two countries," stressing that "since the entry of ISIS and the departure of terrorism from Iraq, most of the talk and cooperation was in the security and military aspects, Now, Iraq has the ability to think in a different way after all the problems of terrorism have ended, and there is a need for stability in Iraq, as its economy is able to grow and not be dependent on energy, but rather build large and very important economic tributaries.
    And he indicated that "the Iraqi delegation is currently working on activating the seven inactive items of the strategic agreement, including the economy and education item," adding that "the agreement also includes the cultural item and the commercial item, and each item has a team discussing it," explaining that the economic item relates to many aspects. cooperation with the American side.
    He stressed that "the trade item is related to the introduction of modern technology, as the United States has enormous capabilities in the field of technology, through the aircraft industry, the agricultural field, and food security, and all of this is economic opportunities for American companies and for the development of our companies."
    He pointed out that "what we are negotiating now is how to find grounds for the entry of American companies into Iraq and their cooperation with our companies, whether public or private, and to benefit from experience in order for them to be managed and developed," explaining that "the obstacles that prevented the entry of these companies flow into two main aspects, The first is the previously unstable security situation, and we have now overcome it. The other side is the ideology of law between the two countries, one of which differs from the other.
    He stressed, "We seek to stabilize some factors in a way that facilitates the contracting process in order to bring great benefit to the Iraqi people."
    The Federal Reserve Board (the Central Bank of America) had imposed measures on money transfers leaving Iraq, to ​​ensure that they did not reach Tehran and Damascus.
    Iraq relies a lot on the results of his delegation's visit to Washington to revive the Iraqi dinar again, whose rapid decline in recent days has put the country's economy on the abyss, and caused an unprecedented wave of high prices in the Iraqi market.
    In recent days, the dinar lost more than 30 percent of its value against the dollar, and the Iraqi market witnessed a record rise in the levels of food and consumer goods prices than they were less than a month ago, which resulted in a significant decrease in purchasing power, and many citizens became powerless. from meeting the needs of their families due to the sudden rise in food and consumer prices.
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