HUGE: Paris Club To Be Paid.

[Luigi1]

Here's some articles of Denarian interests...

Iraq regains it's economic & political role in the world.

Iraq ready to re-pay the Paris Club $50 billion...How will this be done?

Confirmed: US-CBI deal worked out over sanctions of 26 Iraq banks.

Treat as rumors.  Not verified.  Your opine.

 

 

 

 

FROM OTHER SOURCES:                  Parliamentary Committee: Iraq Has Regained Its Regional Role & Influence In The World.

ARTICLE:  A member of the Parliamentary Security & Defense Committee, Muhammad Al-Shammari, confirmed today, Saturday, that Iraq has regained its regional role & influence in the world.

 

Al-Shammari said in an interview followed by Mawazine News, “We aspire for Iraq to regain its regional & global role & to exploit this situation to be a mediator between America & Iran to ease tensions.”

 

Al-Shammari pointed out that “Iraq’s restoration of its regional role & influence in the world could be used by the Iraqi government to establish security & stability in the Middle East & in the region in particular.”  

 

 

 

 

FROM OTHER SOURCES:                     Iraq’s Debts During The War With Iran Are Disturbing The Economy & Increasing The Possibility Of It Falteri.

ARTICLE:  The financial & banking expert, Mustafa Hantoush, confirmed that the volume of external debts incurred by Iraq exceeded 75 billion Dollars & could increase by the end of the current year 2024.

 

Hantoush said, in an interview followed by Mawazine News/ that the volume of external debts incurred by Iraq before & after the year 2003 amounts to about 70-75 billion Dollars, which can be increased by the end of the current year 2024.

 

He added that: "the public debt owed by Iraq to the Paris Club & external obligations is about 35 billion Dollars & may reach 50 billion Dollars by the end of the current year, due to… Obligations, external contracts & debt interest".

 

 

 

 

 

FROM OTHER SOURCES:                     Fourth In The Arab World: Iraq’s Gold Reserves {137.7} Tons.

ARTICLE:  The former Director of the Financial Supervision Bureau, Salah Nouri, revealed today, Saturday, Iraq’s gold reserves.

Nouri told {Al-Furat News} that: “The gold reserve at the Central Bank of Iraq is approximately {137.7} tons and ranks fourth in the Arab world, according to statistics from the World Gold Council, headquartered in London.”

He pointed out, “We do not have accurate information about the amount of gold reserves in the Central Bank of Iraq. In general, the Central Bank must diversify investments between investing in US government bonds and investing in gold.”

 

 

 

 

FROM OTHER SOURCES:                 Sudani: We Have Reached Satisfactory Solutions With The UST To Address The Conditions Of The Sanctioned Banks.

ARTICLE:  PM, Muhammad Shiaa Al-Sudani, announced on Saturday that a satisfactory agreement had been reached with the American side regarding banks that are prohibited from dealing in the Dollar currency.

 

Al-Sudani said in a press conference, seen by Al-Iqtisad News, that “the Iraqi delegation held important meetings with the UST, with which the Iraqi government & the Central Bank are working, to reform the financial banking sector in Iraq & address the observations that occurred in this sector during the time of previous governments.” 

 

He added, “The delegation reached satisfactory solutions that address the conditions of banks deprived of dealing in the Dollar by forming committees that undertake the task of auditing the observations made on these banks,” noting that “if the observations are fundamental, the deprivation procedures will continue, and if they are observations, they can be addressed & carried out.”

 

“There will be reforms within these banks under the supervision of the CCI, so that the Dollar dealings of these banks will be addressed in the future.”

 

Al-Sudani stressed that “the UST’s impression was positive on the performance of the Iraqi financial institutions, whether the CBI or the government banking sector & it was at the peak of optimism, given the reforms that were achieved during a short period of this government’s life.”

 

He pointed out that “80% of financial transactions & transfers today are carried out in accordance with international standards, certified by the UST,” indicating that “the government will continue to reform the financial & banking sector, which represents a basic gateway to creating economic development & real reforms.”

 

 

 

 

FROM OTHER SOURCES:                      Within a week…more than one billion dollars in sales from the CBI.

ARTICLE:  The Central Bank of Iraq’s total sales of US dollars in the currency auction during the past week amounted to more than one billion Dollars.

 

During the past week, during the days in which the auction was opened, the Central Bank sold 1 billion, 354 million, 297 thousand and 9 dollars, at a daily rate of 193 million and 471 million dollars, higher than what it recorded last week, which amounted to 533 million, 978 thousand and 265 USD.

 

 

[edbeach]

Luigi -   The debt 35 Billion Dollars is this amount they have to pay the Paris Club or do they take away 80% OF this amount ? If they have to pay the total of 35 & can go to 50 Billion by end of this year. Then how can they be able to pay this amt even with increase of dinar plus increase of wages they have to pay. & plus all the other debts for the projects seems would be impossible of increasing their dinar to any high amount maybe increasing to 1/4 of a penny will help but not a dollar or more as people think will happen its a joke thinking this anytime soon.

[BETTYBOOP]

They are making money hand over fist so yeah they can pay it. We don't know if they might pay in instalments .Plus the loans they have might have a repayment term of 40 or 50 years. Lots of variables we don't know about.

[Luigi1]

6 hours ago, edbeach said:

Luigi -   The debt 35 Billion Dollars is this amount they have to pay the Paris Club or do they take away 80% OF this amount ? If they have to pay the total of 35 & can go to 50 Billion by end of this year. Then how can they be able to pay this amt even with increase of dinar plus increase of wages they have to pay. & plus all the other debts for the projects seems would be impossible of increasing their dinar to any high amount maybe increasing to 1/4 of a penny will help but not a dollar or more as people think will happen its a joke thinking this anytime soon.

 

Lest we forget...the coalition of the willing nations also hold IQD like the US.

After RV-RI these nations will get paid many times over with discounted Iraq oil credits for decades to come.   IMHO.

[screwball]

2 minutes ago, Luigi1 said:

 

Lest we forget...the coalition of the willing nations also hold IQD like the US.

After RV-RI these nations will get paid many times over with discounted Iraq oil credits for decades to come.   IMHO.

100% correct

[Sage449]

For Immediate Release

Wednesday, April 17, 2024

Press Release

Washington DC, 17 April, 2024 – The U.S. International Development Finance Corporation (DFC) and the U.S. Agency for International Development (USAID) today signed a ceremonial agreement for a $50 million loan to the National Bank of Iraq (NBI) that will expand access to financing for entrepreneurs across the country. This marks DFC’s first loan to a commercial bank in Iraq.

DFC Chief Executive Officer (CEO) Scott Nathan joined National Bank of Iraq Chairman Bassem Al-Salem for the ceremony. Iraqi Prime Minister Mohammed Shia’ Al Sudani witnessed the ceremony on the margins of the U.S.-Iraq Higher Coordinating Committee meeting – a testament to the strong bilateral partnership between the U.S. Government, the Government of Iraq, and the private sector to advance economic growth and opportunity in the country.

“DFC is committed to helping Iraq unlock its economic potential and empower its private sector by providing meaningful financial support for small businesses,” said DFC CEO Scott Nathan. “Today’s announcement is a significant step forward in these efforts. This investment will increase access to finance for first-time borrowers and women entrepreneurs across Iraq.”

 “Access to finance is a key driver of innovation, economic growth, and job creation. USAID’s assistance helps private banks to overcome liquidity challenges and offer affordable commercial loans to small businesses. Through our partnership with NBI and DFC, we’re helping to create a more robust, diversified, and inclusive private sector in Iraq,” said USAID Mission Director to Iraq Elise Jensen.

“The Iraqi government’s dedication to fostering an environment conducive to growth, and the Prime Minister’s strategic focus on empowering small and medium-sized enterprises, have been pivotal to reaching this significant milestone. We are confident that this collaboration will foster a more inclusive and dynamic economy in Iraq." said National Bank of Iraq CEO, Ayman Abu Dhaim.

The loan will increase access to financing opportunities for smaller Iraqi businesses (persistently a key barrier for growth) through Iraq’s largest private sector bank. This initiative will prioritize first-time borrowers and allocate funding for women-owned enterprises, bringing more small businesses into Iraq’s formal financial system. During the project preparation, USAID provided advisory services to facilitate the NBI/DFC loan negotiations and expedite closure of the deal. DFC is the lender of record for the loan transaction.

About DFC
The U.S. International Development Finance Corporation (DFC) partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, infrastructure, agriculture, and small business and financial services. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.   

About USAID
The United States, through USAID, has been a steadfast partner of Iraq, helping enhance the social and economic stability for the benefit of its citizens. USAID is working with the Iraqi Government, international institutions, and local partners toward a stable and prosperous Iraq through accelerating economic growth and empowering women, youth, and religious and ethnic minorities.