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Douglas Silliman reveals the secrets of the Iraqi delegation's visit to Washington and makes recommendations regarding the dollar


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U.S. Treasury Expresses Full Suppor t for Sudanese Government's Economic Reform Efforts

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U.S. Treasury Expresses Full support for Government of Sudan's Economic Reform Efforts | Economy | Dijlah Satellite Channel

 - 11-02-2023 07:36 PM - 

The Central Bank of Iraq met with the US Federal Reserve Bank and the US Treasury, while the US Treasury expressed full support for the efforts of the government of Prime Minister Mohammed Shia Al-Sudani in economic reform and its readiness to provide the required support.

"The delegation of the Central Bank of Iraq met today, Friday, for long hours, with the delegation of the US Federal Reserve Bank and the US Treasury Department in Washington, D.C., and the two parties expressed their readiness to work together to face the challenges of working with the electronic platform for transfers and cash," a statement by the Central Bank of Iraq said.

The delegation of the US Federal Reserve Bank and the US Department of the Treasury discussed a number of support mechanisms for the Central Bank of Iraq to enhance its capabilities to deal flexibly with crises during this stage.


The US Federal Reserve confirmed that the measures of the Central Bank of Iraq are in the right direction to build a solid banking sector.


The Assistant Deputy Secretary of the US Treasury indicated ways to fully support the efforts of the government of Iraqi Prime Minister Mohammed Shia Al-Sudani in economic reform, and the readiness of the US Treasury Department to provide the required support.


The meeting listened to a presentation by the Governor of the Central Bank of Iraq on the bank's directions in achieving its most important objectives to ensure general stability in prices, and options and proposals in the field of accelerating, expanding and streamlining the work of the electronic platform for external transfer.


The Governor of the Central Bank of Iraq, Ali Mohsen Ismail, confirmed the bank's intention to launch the second package of facilities that will enhance the stability of the exchange rate.


Central Bank of Iraq
Media
Office 2023/2/11

 

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The Central Bank reveals the results of its meeting with the Federal Reserve and the US Treasury

Balsam Hameedone hour ago

 One minute

Central Bank of Iraq

The Central Bank of Iraq revealed on Saturday the results of its meeting with the US Federal Reserve and the US Treasury Department.

The bank said in a statement received by (Al-Oula News): "The delegation of the Central Bank of Iraq met for long hours with both the delegation of the US Federal Reserve Bank and the US Treasury Department in Washington, D.C.," pointing out, that "the two parties expressed their readiness to work jointly to face the challenges of working with the electronic platform for transfers and cash."

He added, "The delegation of the US Federal Reserve Bank and the US Treasury Department discussed a number of support mechanisms for the Central Bank of Iraq to enhance its ability to deal flexibly with crises during this stage."

The US Federal Reserve, according to the statement, that "the measures of the Central Bank of Iraq are in the right direction to build a sober banking sector."

The Assistant Deputy Secretary of the US Treasury indicated "ways to fully support the efforts of the government of Iraqi Prime Minister Mohammed Shia al-Sudani in economic reform, and the readiness of the US Treasury Department to provide the required support."

The statement continued, "The meeting listened to a presentation by the Governor of the Central Bank of Iraq on the bank's directions in achieving its most important objectives to ensure general stability in prices, and options and proposals in the

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CBI meets with US federal reserve and treasury department: official statement

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2023-02-11 10:56
 

 

Shafaq News/ A delegation from Iraq's Central Bank (CBI) convened a meeting that "lasted for hours" with delegations from the US federal reserve and department of treasury, an official statement said on Saturday.

 

 

The meeting was held in the US capital city, Washington, the statement added.

 

The US delegations expressed their "readiness for joint work to cope with the challenges associated with online currency and transaction platforms," it continued.

 

The meeting touched upon ways to help the Iraqi central bank deal with the crisis "with flexibility".

 

"The central bank's measures are flowing in the right direction to build a solid banking sector," the statement quoted the Federal Reserve's delegation.

 

CBI governor gave a presentation about the bank's vision for achieving stability in the currency market, in addition to accelerating, facilitating, and expanding the online transaction platforms.

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Dollar prices decline on the Erbil Stock Exchange after the Central Bank statement

Dollar prices decline on the Erbil Stock Exchange after the Central Bank statement

  

Baghdad - Nas  

Dollar prices on the Erbil Stock Exchange fell on Saturday evening, following the statement of the Central Bank of Iraq.  

  

 

According to the latest prices in Erbil, published by specialists, followed by NAS (February 11, 2023), the sale price witnessed 150,149 dinars and the purchase price of 100 for every <> dollars."  

  

On Friday, the delegation of the Central Bank of Iraq met for long hours with the delegation of the US Federal Reserve and the US Treasury Department in Washington, D.C.  

  

According to a statement by the Central Bank of Egypt, a copy of which was received by NAS (February 11, 2023), "the two parties expressed their readiness to work together to face the challenges of working on the electronic platform for transfers and cash."   


The delegation of the US Federal Reserve and the US Treasury Department discussed "a number of support mechanisms for the Central Bank of Iraq to enhance its ability to deal flexibly with crises during this stage."   


The US Federal Reserve stressed that "the measures of the Central Bank of Iraq are in the right direction to build a sober banking sector."   


The Assistant Deputy Secretary of the US Treasury explained "ways to fully support the efforts of the government of Iraqi Prime Minister Mohammed Shia al-Sudani in economic reform, and the readiness of the US Treasury Department to provide the required support."   

  

The meeting listened to "a presentation by the Governor of the Central Bank of Iraq on the bank's directions in achieving its most important objectives to ensure general stability in prices, and options and proposals in the field of accelerating, expanding and streamlining the work of the electronic platform for external transfer."   


The Governor of the Central Bank of Iraq, Ali Mohsen Ismail, confirmed "the bank's intention to launch the second package of facilities that will enhance the stability of the exchange rate."   

  

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Observers analyze the nature of the 'deadline' granted to Iraq by Washington to address the dollar crisis

Observers analyze the nature of the 'deadline' granted to Iraq by Washington to address the dollar crisis
  

Baghdad – Nas  

Observers talked about the nature of the deadline granted by Washington to Iraq, on the dollar crisis, after the Central Bank of Iraq recorded a rise in the volume of sales of the dollar today.  

  

  

  

"According to the information I have, the US Federal Bank gave Iraq only three months to abide by monitoring, and during this period the extent of Iraq's commitment to international standards and staying away from money laundering and informal transfers are observed," said Ghaleb Al-Daami, a professor of media at Ahl al-Bayt University in Karbala, noting that "the Federal Bank this time is serious in dealing with this matter, and this means that the seriousness of the US Federal Reserve would support the actions of the Iraqi government that wants to stop this "Unfortunately, the bleeding of Iraqi money is contrary to the internal parties, which call for the continued bleeding of Iraqi money because they benefit from the currency auction."  

  

 

  

"It is now noticeable that sales have decreased due to serious measures and monitoring by the Federal Bank to about $ 70 million and perhaps less, and this is beneficial to Iraq because the window for currency smuggling has ended or is about to end," he said.  

  

He pointed out that "what happened in Washington was not a complete agreement as much as it is a broad outline of what Iraq is doing in terms of compliance with the standards imposed by the Federal Bank."  

  

In the same context, the head of the Iraqi Business Council, Daoud Abed Zayer, said that "the negotiations currently taking place in Washington will inevitably have results in favor of Iraq, as there is never a return to the former regime in the field of unprofessional and non-transparent financial transfer."  

  

Abed Zayer added that "the whole world today is following banking methods through commercial trading, financing goods and foreign trade, and the whole world has gone to modern banking systems for the purpose of transparency in terms of combating money laundering, supporting terrorism, black money and corruption funds and controlling them," noting that "Iraq unfortunately was working in a parallel system to the process of conducting official methods through transfer and financing foreign trade, and we went to establish a parallel behavior, which is the behavior of banking that deals with cash through transfers. unannounced, as no one knows the beneficiary and sender, which leads to everything that is illegal in transfers."  

  

"These illegal routes apply to imports of inferior goods, money laundering, drug financing and all kinds of illegal trade," he said.  

  

He pointed out that "Iraq is now in a stage of great economic transformation for the better, which means that all dealers in illegal ways will exit the market, including inferior imports, which means a shift in monetary policy, which is all in favor of Iraq, while stressing that it will go through a minor crisis through the rise in the parallel price, knowing that there are bold government measures in the field of economic reform, which is accumulated over about 15 years."  

  

Quoting from "Middle East"  

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Observers analyze the nature of the 'timeout' granted to Iraq by Washington to address the dollar crisis
 

Baghdad - people  

Observers talked about the nature of the deadline granted by Washington to Iraq regarding the dollar crisis, after the Central Bank of Iraq recorded an increase in the volume of dollar sales today.  

  

  

  

Ghaleb al-Daami, a professor of media at Ahl al-Bayt University in Karbala, said, "According to the information I have, the US Federal Bank gave Iraq only three months to be committed to monitoring, and during this period it is observed to what extent Iraq adheres to international standards and to stay away from money laundering and transfers." Informal," indicating that "the Federal Bank this time is serious in dealing with this matter, and this means that the seriousness of the US Federal Reserve would support the actions of the Iraqi government that wants to stop this bleeding of Iraqi money, unlike the internal parties, unfortunately, which call for the continuation of the bleeding of Iraqi funds because they are You benefit from the coin auction.  

  

  

 

  

Al-Daami stressed, "It is noticeable now that sales have decreased due to serious measures and monitoring by the Federal Bank, to about $70 million and perhaps less.  

  

And that "what happened in Washington was not a complete agreement insofar as it set broad lines for what Iraq is doing in terms of compliance with the standards imposed by the Federal Bank."  

  

In the same context, the head of the Iraqi Business Council, Daoud Abd Zayer, says, "The current negotiations in Washington will definitely have results in favor of Iraq, as there will never be a return to the previous regime in the field of unprofessional and non-transparent financial transfer."  

  

Abdul Zayer added, "The whole world today follows banking methods through commercial circulation, commodity financing and foreign trade, just as the whole world has gone to modern banking systems for the purpose of transparency in terms of combating money laundering, supporting terrorism, black money and corruption money and controlling it," noting that "Iraq, with all Unfortunately, it was operating in a system parallel to the process of conducting official methods through transfer and financing foreign trade, and we went to create a parallel behavior, which is the behavior of banking that deals with cash through undisclosed transfers, where no one knows the beneficiary of it and the sender from it, which leads to everything that is not legal transfers.  

  

He explained that "these illegal methods apply to the import of shoddy goods, money laundering, drug financing and all kinds of illegal trade."  

  

Pointing out that "Iraq is now in a phase of a major economic transformation for the better, which means that all illegal dealers will exit the market, including bad imports, which means a shift in monetary policy, which is all in favor of Iraq, with an emphasis on It will go through a minor crisis through the rise in the parallel price, bearing in mind that there are bold government measures in the field of economic reform, which have accumulated over the past 15 years.  

  

Quoted from "Asharq Al-Awsat" 

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Keep an eye out for a drop in dollar prices after the Washington meetings and a rise in central sales

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2023-02-12 03:07
 

 

 

Shafaq News/ Today, Sunday, an official government source suggested that the exchange rate of the dollar would gradually decrease with the increase in sales of the Central Bank of Iraq, indicating that the bank's recent meeting with the US Treasury facilitated the external transfer procedures. 

 

 

 

The source told Shafaq News agency, "Signs of the dollar's decline began gradually with the increase in the Central Bank's sales today, after it exceeded 300 million dollars," stressing that "today, Sunday, and the coming days will witness a gradual decline in the exchange rate of the dollar against the dinar, to reach a close price." from the official price by one or two numbers.

 

The source, who preferred not to be named, added that "the central bank's meeting with the US Treasury facilitated many procedures that were standing in the way of foreign transfers," explaining that "all foreign transfers are made through the electronic platform that the bank previously initiated in a manner that prevents money laundering and smuggling." ".

 

It is noteworthy that the Central Bank's sales rose today to more than 305 million dollars, most of which went as foreign transfers.

 

The government reduced the exchange rate of the dollar to 130 thousand dinars compared to 100 dollars, after it was unable to stop the deterioration of the exchange rate of the dollar in the parallel market after it reached more than 170 thousand dinars during the past month.

 

Last Thursday, the Central Bank met with the US Federal Bank and the US Treasury in an effort to achieve its most important goals to ensure general stability in prices, options and proposals in the field of accelerating, expanding and streamlining the work of the electronic platform for external transfer.

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It continued for many hours.. The Iraqi Central Bank reveals the details of its meeting with the Federal Reserve and the US Treasury

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2023-02-11 11:31
 

 

Shafaq News/ The Central Bank of Iraq revealed, on Saturday, the details of its meeting with the US Federal Reserve Bank and the US Treasury Department, which it said lasted for many hours.

 

In a statement received by Shafaq News agency, the bank stated, "The Central Bank of Iraq delegation met for long hours with both the US Federal Reserve Bank and the US Treasury delegation in Washington, D.C. at the same time."

 

 

 

According to the statement, the two parties expressed their willingness to work jointly to meet the challenges of working on the electronic platform for remittances and cash.

The delegation of the US Federal Reserve Bank and the US Treasury discussed a number of support and attribution mechanisms for the Central Bank of Iraq, in order to enhance its capabilities to deal flexibly with crises during this stage.

 

The US Federal Bank confirmed that "the Central Bank of Iraq's measures are in the right direction to build a sober banking sector."

 

The Assistant Deputy Secretary of the US Treasury indicated ways to fully support the efforts of the government of Iraqi Prime Minister Muhammad Shia al-Sudani in economic reform, and the readiness of the US Treasury Department to provide the required support.

 

The meeting listened to a presentation by the Governor of the Central Bank of Iraq regarding the bank's directions in achieving its most important goals to ensure general stability in prices, and options and proposals in the field of accelerating, expanding and streamlining the work of the electronic platform for external transfer.

 

The Governor of the Central Bank of Iraq, Ali Mohsen Ismail, confirmed the bank's intention to launch the second package of facilities that would enhance the stability of the exchange rate.

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IMO don't look for a change in IQD value for 90+ days.

 

"According to the information I have, the US Federal Bank gave Iraq only three months to be committed to monitoring, and during this period it is observed to what extent Iraq adheres to international standards and to stay away from money laundering and transfers."

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US Federal Bank: The Bank of Iraq's actions are in the right direction

February 11, 2023

Baghdad / Obelisk: The US Federal Bank confirmed, on Saturday, that the procedures of the Central Bank of Iraq are in the right direction to build a sober banking sector.

And the Central Bank of Iraq stated, in a statement received by Al-Obelisk, that the bank’s delegation met on Friday, corresponding to 10/2/2023, for long hours, with both the delegation of the US Federal Reserve Bank and the US Treasury Department in Washington, DC.

The statement added that the two parties expressed their willingness to work jointly to meet the challenges of working on the electronic platform for remittances and cash.

He added that the US Federal Reserve Bank and the US Treasury discussed a number of support and attribution mechanisms for the Central Bank of Iraq, in a way that enhances its capabilities to deal flexibly with crises during this stage.

The US Federal Bank confirmed that the Central Bank of Iraq's measures are in the right direction to build a solid banking sector.

The Assistant Deputy Secretary of the US Treasury indicated ways to fully support the efforts of the government of Iraqi Prime Minister Muhammad Shia al-Sudani in economic reform, and the readiness of the US Treasury Department to provide the required support.

The meeting listened to a presentation by the Governor of the Central Bank of Iraq regarding the bank's directions in achieving its most important goals to ensure general stability in prices, and options and proposals in the field of accelerating, expanding and streamlining the work of the electronic platform for external transfer.

The Governor of the Central Bank of Iraq, Ali Mohsen Ismail, confirmed the bank's intention to launch the second package of facilities that would enhance the stability of the exchange rate.

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57 minutes ago, Carrello said:

IMO don't look for a change in IQD value for 90+ days.

 

"According to the information I have, the US Federal Bank gave Iraq only three months to be committed to monitoring, and during this period it is observed to what extent Iraq adheres to international standards and to stay away from money laundering and transfers."

Maybe? Hard to say but at least things are happening. How are they going to pull off the below at the status quo? If they strictly restrict the dollar what is this mechanism to stabilize the dinar over the next 90 days? Guess we’ll see with this phase 2 launch? 


 to ensure general stability in prices, and options and proposals in the field of accelerating, expanding and streamlining the work of the electronic platform for external transfer.

 

The Governor of the Central Bank of Iraq, Ali Mohsen Ismail, confirmed the bank's intention to launch the second package of facilities that would enhance the stability of the exchange rate.

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2 minutes ago, rvmydinar said:

Are you really really sure about that?

History has shown one of the biggest concerns when any currency is revalued that stability is of utmost importance. Stability appears in many forms i.e., look at the recent pull back on presenting new currency in Nigeria. If the auctions are still supporting Iran, (providing funds to militias making Iraq unstable) no go. Do you think Iraq can cut off the auctions and currency corruption within 90 days?

 

Also, the USA will not, IMO, allow the revaluation/float until Iran is choked and buried, unable to continue its reign of terror in Iraq, and providing arms to Russia to fight our initiatives with NATO and Ukraine.

 

We must make note nothing of consequence for over a decade has been taken to obliterate the auctions, which we know have been a huge, corrupt drain on Iraq. But recently things took focus and actions started to make things happen.  The US Treasury has been active in Iraq for years, even having office space in the CBI building, guiding Iraq on banking reform. Only recently has real action been taken and now it is happening as the US Treasury and the Federal Reserve guide Iraq. Iraqi officials and prime minister can't get to DC fast enough to take direction and guidance. 

 

Can I be certain of 90+ days? This is Iraq. Of course I can't be sure. Hopeful though, and the situation is better than I have ever seen it. The pump has been primed and ready to provide for the thirsty people of Iraq and currency investors. 

 

Looking back on Dr. Shabibi's plan, I wonder if Iraq was really ready at that time and would have been successful at a revaluation.

 

Or as some would say, I'm just "an idiot." 

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18 minutes ago, Carrello said:

Looking back on Dr. Shabibi's plan, I wonder if Iraq was really ready at that time and would have been successful at a revaluation.

 

Shabibi gave several bullet points to know its time, one was security stability and a couple others i sadly cant recall that iraq never reached, Maliki, war, terror and corruption has destroyed the progress , everyone has opinions disparaging put downs to others not to good . we wait 

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The Foreign Minister of Iraq says: We are in another stage and the situation has passed for several weeks...

 

 

D. Fuad Hussein for The United States: We don't have a million

Iraq

( translation problems ..)  --> FYI

 

D. Fuad Hussein for The United States: We don't have a million (sharpress.net)

It was recounted 13 times 2642 o'time ago

 
51222023_5.jpg
 

 


"Our meeting shall be held at the government level," the Foreign Minister said, with a happy news about the outcome of their visit to Washington and the issue of the buck. "We are now at a different level than in the last weeks and we have been through this case," he said.

On March 9, a delegation of the Government of The United States, led by Foreign Minister Fuad Hussain, held a gathering with the Minister of Foreign Affairs and the Us National Bank for the dinar.

Foreign Minister Fuad Hussein said at a summit at the Washington-based Peace Watch about their visit, and their government and political lyrics were very good and the concerns raised by the US were completely over.

"There is a lot of understanding and support for what we have done as a government in Afghanistan, regarding the question of our foreign affairs and the role of the bank," Said Fuad Hussein, in a part of the symposium on the foreign trade in Afghanistan and the dinar issue against the us. The one that helped with the Federal Reserve and Bank, in fact, what happened in the last weeks was about the system that was enforced by the Federal Bank, which was based on a contract with the guarantors, and that was the support of the bargaining process. "It's worth the Afghan dinar."

"I believe that this support and understanding by the US government and its politicians is an understanding of what they have supported, which has been effective," he said. "I think we're at a different level now than in the last weeks and we've gone through this, but that doesn't mean we don't have the first word we've said," he said.

At a meeting of the Peace Treaty Organization in Washington, iraq's foreign secretary inquired, "We don't have a budget, we use the dlrs in all of our contracts, so we don't have a budget, and some think that the us won't stay in the Iraq bazaar or It will disappear, of course, because we are doing it, and we are in volved with Turkey, 8,000, And we are all in the United States and other countries, and we are all in us, and we are going to use it for the Government of Iraq, not to say that it is being smuggled to another country, in fact, it is "We are not going to be able to talk about it," said Al-Saeed, a 35-year-old government minister. "We are not going to be able to talk about it."

"At the meeting of the Iraq mission with the US mission, both countries expressed their readness to work together and face the challenges of working electronically for The Hague and Kash," the Bank of Iraq said in a report.

For his part, the us aide to the us minister of foreign minister has full lying in the efforts of the Sudanese government's government to reform the economic and ready to offer the necessary help.

Central bank conservative Ali Alaq has also set up the central bank's plan to launch the second round of easy-to-do, which will stagnate the price of the usher
.

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Advisor to Sudani: We are currently negotiating with Washington on finding a ground for the entry of American companies to Iraq
   

Economy News-Baghdad

Advisor to the Prime Minister for Investment Affairs Mohammed Al-Najjar on Sunday identified the most prominent objectives of the Iraqi delegation's visit to Washington, while referring to talks to activate 7 items that are not activated in the strategic agreement between the two countries.

Al-Najjar said in a statement to the official channel, that "our visit to Washington aims to lay new foundations for cooperation with the United States," noting that "one part of the strategic agreement between Iraq and the United States is activated, which is the security, intelligence and military part."
"The situation in Iraq has changed, and Prime Minister Mohammed Shia al-Sudani sought to activate most parts of the agreement in order to serve as a new platform for cooperation between the two countries," he said.
He continued: "Since the entry of ISIS and the exit of terrorism from Iraq, most of the talk and cooperation was on the security and military side, but now Iraq has the possibility to think differently after the end of all the problems of terrorism," stressing the need for "continued 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."
"The Iraqi delegation, which is currently visiting Washington, is working to activate the seven inactive terms of the strategic agreement, including two items of my responsibility, namely the economic item and the education item," he said.
"The agreement also includes the cultural item, the commercial item, and each item has a team to discuss it," he said, explaining that the economic item is related to many aspects of cooperation with the US side.
"The trade item is about the introduction of modern technology, as the United States has huge potential in the field of technology through the aircraft industry, the agricultural field and food security, all of which are economic opportunities for American companies and for the development of our companies," he said.
He stressed that "what we are negotiating now is how to find a ground for the entry of American companies to Iraq and their cooperation with our companies, whether public or private, and to benefit from the experience in order to be managed and developed," explaining that "the obstacles that prevented the entry of these companies are in two main aspects: the first is the previously unstable security situation that we have overcome now, and the other side is the thought of law between the two countries, which differs from one of the other."
"We are seeking to stabilize some factors in a way that facilitates the contracting process in order to bring great benefit to the Iraqi people," he said.

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Added 2023/02/12 - 9:51 PM

Update 2023/02/12 - 10:20 PM

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Advisor to the Prime Minister announces the adoption of a new principle of cooperation with the United States

upload_1676225649_882126725.png
 Political 
  •  Today, 21:17

Washington - Advisor
to the Prime Minister for Investment Affairs Mohammed Al-Najjar on Sunday identified the most prominent objectives of the Iraqi delegation's visit to Washington, while referring to talks to activate 7 items that are not activated in the strategic agreement between the two countries.

Al-Najjar said in a statement to Al-Iraqiya News Agency (INA), that "our visit to Washington aims to lay new foundations for cooperation with the United States," noting that "one part of the strategic agreement between Iraq and the United States is activated, which is the security, intelligence and military part."
"The situation in Iraq has changed, and Prime Minister Mohammed Shia al-Sudani sought to activate most parts of the agreement in order to serve as a new platform for cooperation between the two countries," he said.
He continued: "Since the entry of ISIS and the exit of terrorism from Iraq, most of the talk and cooperation was on the security and military side, but now Iraq has the possibility to think differently after the end of all the problems of terrorism," stressing the need for "continued 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."
"The Iraqi delegation, which is currently visiting Washington, is working to activate the seven inactive terms of the strategic agreement, including two items of my responsibility, namely the economic item and the education item," he said.
"The agreement also includes the cultural item, the commercial item, and each item has a team to discuss it," he said, explaining that the economic item is related to many aspects of cooperation with the US side.
"The trade item is about the introduction of modern technology, as the United States has huge potential in the field of technology through the aircraft industry, the agricultural field and food security, all of which are economic opportunities for American companies and for the development of our companies," he said.
He stressed that "what we are negotiating now is how to find a ground for the entry of American companies to Iraq and their cooperation with our companies, whether public or private, and to benefit from the experience in order to be managed and developed," explaining that "the obstacles that prevented the entry of these companies are in two main aspects: the first is the previously unstable security situation that we have overcome now, and the other side is the thought of law between the two countries, which differs from one of the other."
"We are seeking to stabilize some factors in a way that facilitates the contracting process in order to bring great benefit to the Iraqi people," he said.

 

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Advisor to the Prime Minister announces the adoption of a new principle of cooperation with the United States

1033010-e91a98da-d7bb-40e3-aa32-48093c81
Baghdad /Nina / Advisorto the Prime Minister for Investment Affairs Mohammed Al-Najjar, on Sunday, identified the most prominent objectives of the visit of the Iraqi delegation to Washington, while referring to talks to activate 7 items that are not activated in the strategic agreement between the two countries . Al-Najjar said in a televised statement that "our visit to Washington aims to lay new foundations for cooperation with the United States," noting that "one part of the strategic agreement between Iraq and the United States is activated, which is the security, intelligence and military part."

"The situation in Iraq has changed, and Prime Minister Mohammed Shia al-Sudani sought to activate most parts of the agreement in order to serve as a new platform for cooperation between the two countries," he said.
He explained that "since the entry of ISIS and the exit of terrorism from Iraq, most of the talk and cooperation was on the security and military side, but now Iraq has the possibility of thinking in a different way after the end of all the problems." of terrorism," stressing the need for "continued 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."
"The Iraqi delegation, which is currently visiting Washington, is working to activate the seven inactive terms of the strategic agreement, including two items of my responsibility, namely the economic item and the education item," he said.

"The agreement also includes the cultural item, the commercial item, and each item has a team to discuss it," he said, explaining that the economic item is related to many aspects of cooperation with the US side.
The trade item is about the introduction of modern technology, as the United States has huge potential in the field of technology through the aircraft industry, the agricultural field and food security, all of which are economic opportunities for American companies and for the development of our companies," he said.
He explained that "what we are negotiating now is how to find a ground for the entry of American companies to Iraq and their cooperation with our companies, whether public or private, and to benefit from the experience in order to be managed and developed," explaining that "the obstacles that prevented the entry of these companies are in two main aspects: the first is the previously unstable security situation that we have overcome now, and the other side is the thought of law between the two countries, which differs from each other."

He pointed out that "we are seeking to stabilize some factors in a way that facilitates the contracting process in order to benefit the Iraqi people." End9
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