Militia Man (Uncut) 01-28-2025
MM&Crew Report Iraq Dinar News-Abu Dhabi MOUs on Securities Commision-International Transactions-CBI
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I think we’re still in an exciting time. So I hope tonight’s information will Show you that So tonight or today there was Al Sudhani he met with the CEO of the Abu Dhabi Securities Exchange Overseeing Minister what do they call a memorandums of understanding Mo use with Iraqi Security Commission It says the prime minister met today with the CEO Abu Dhabi Securities Exchange. They call it the ADX Salim Al Nuwami, I guess the meeting focused on fostering the joint cooperation exchanging expertise and Expanding private sector activities to drive economic growth he goes on and read it this reads it says the prime minister also oversaw the signing ceremony of memorandum of understanding between the Iraqi Securities Commission and the Abu Dhabi Securities Exchange Commission the Mo you was signed with the chairman’s of the Iraqi Securities Commission Gentleman by the name of al-hamas and mr. Abdullah Suit Salim al-nuwami.
It says the partnership reflects the government’s commitment to advancing Regional and international cooperation in financial and security markets it underscores Iraq’s focus on strengthening its financial sector attracting foreign investments and promoting economic integration and regional markets particularly the UAE I think I think that was Wally that just joined us It says this partnership reflects the Iraqis government’s to commitment advancing the regional international International cooperation in financial and security markets it underscores focusing on strengthening its financial sector It says basically it’s aligning with the prime minister also oversaw signing ceremony Memorandum of understanding between the Iraqi Securities Commission Abu Dhabi Abu Dhabi Securities, and it was signed by the Securities Commission mr Hamas and Abdullah Salami it says the partnerships reflects the Iraq’s government’s commitment to advancing regional and international cooperation in financial and security markets It underscores Iraq’s focus on strengthening its financial sector attracting foreign investments and promoting economic integration With regional markets particularly the UAE. What are they going to be doing? They’re going to be bringing in Capabilities for Iraq’s financial market leveraging advanced technologies and aligning with global best practices to ensure sustainable economic growth So mutual and understandings between Iraq securities and the Abu Dhabi exchange will go a long way for Iraq and especially now It’s looking to be a good time show and showing the world Iraq’s basically open for business and the stock exchange is a great place for investors to take part in Iraq’s new emerging market into the big world of international trading, so We’ll see how that turns out obviously big changes are coming and New technologies are coming and we’ll get into some other that more of that in the future But it says the prime minister sponsors signing mo use between securities and exchange authority and Abu Dhabi’s market It’s another article It basically is reiterating pretty much the same things, but there’s a paragraph that adds quite a bit more. It says the memorandum MOU also included the exchange of expertise in the field of training especially the activities of supervision and information technology trading and clearing trading and clearing the digital transformation and financial Analysts Analysis, I’m sorry.
It says just depositing managing funds and portfolios and supervising them caught in cooperation in the field of his Islamic bonds and Sukuk if you haven’t ever looked that up as UK UK, I would do that It’s one of the largest growing markets in the world It’s depositing settlement and independent financial services and the requirements and mechanism for opening accounts for foreign investors from outside the country that would mean us probably too, so when Iraq does a transformation into the real world with a real effective exchange rate I Think obviously people are going to be wanting some of that money back into those markets and that might be a good place to Get some professional advice on your own and check it out It says the Emirati investments will be will be encouraged in establishing Iraqi companies with Emirati Iraqi Both capital and their trading in both markets will be explored according to the statement And Ultimately, they’re just looking to me as in my view. They’re about advancement to the international trading arrangements It’s a good sign And they cover every angle even the Sukuk so take that seriously, I think it’s pretty big We have a another article to go over Wally Iraq boosts its financial stability with huge dollar and gold reserves in US and Europe And it says here it also provides an important element in establishing the country’s credit worthiness enhances the country’s credit rating in international transactions and provides cover for its local currency Goes on and says the Prime Minister advisor Soleil It says countries seek to diversify their reserves to include different currencies and various financial assets to achieve greater stability and The US dollar is the main reserve in the reserves of these countries Because it is the most accepted and used global currency in the international transactions, and it is the most flexible Says here that the Central Bank of Iraq announced in 2024 that Iraq has foreign currency reserves exceeding well over a hundred billion That’s a hundred billion u.s The economic expert and professor of economics at the University of Iraq for instance Abdul Rahman Mashadani states that the existing reserves of hard currencies are the reserves of countries not governments indicating that the that Iraq possesses a group of them amounting to approximately a hundred and six billion dollars of what sixteen billion dollars is the value of gold in these reserves and the rest is in foreign currencies So ultimately it says Iraq has more than a hundred billion dollars distributed among the world’s banks and central banks especially the US Federal Reserve the European Bank the Bank of England in Britain the Basel Bank in Switzerland the Emirates and Saudi Arabia Says these were reserves contain foreign currencies Bonds and gold and are managed by the central bank and achieve good financial returns This is what is called foreign Investment, it’s pretty good. So it says the gentleman Jamal Cougar He he’s a member of the Parliament Finance Committee.
He told the news outlets. This is Iraq’s reserves Of hard currency including gold provide cover for the local currency and give it stability Many bet on the fall and demise of the currency and therefore the reserves make the central bank intervene in the event of any imbalance facing financial policy, so a Lot of information coming from them It goes on to say all countries of the world boast the amount of hard currency they have as a reserve and and this currency consists of The currencies of countries such as the dollar the euro the franc as well as gold So it says after 2003 what they do they went and Increase their currency balance to more than a hundred and ten billion dollars and also to increase their gold balance to more than 150 tons all of which has been done and Be sure you guys as far as who has Foreign currencies in the reserves. I would say the the US and the UK have some of the largest foreign currencies in Iraqi dinar In the world outside of Iraq, so take that into consideration So when you kind of get worried about them doing things to where that you don’t get any value Related to what they’re going to do That’s absolutely false.
The United States isn’t just going to throw away the trillions of dinar that they have nor would the UK So keep that in mind because that should alleviate some of the The Significant impact of folks thinking that Iraq’s Reinstatement of their currency or giving it a real effective exchange rate isn’t going to bring value. It surely will in my opinion financial disclosure article financial disclosure and transparency is a strategic approach of the central bank It says the truth is that there’s absolutely no such crisis and that this is what the Ministry of Finance in the central bank Confirmed so they don’t have a crisis with their with their With their money with their with their currency or anything at the moment because they’ve they’ve kept it under control They’ve kept inflation low all those types of things It says banks are also evaluated based on other standards relating to crisis challenges 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 is all a big part of that It says here that the central bank of Iraq journey from 2023 to 2024 has proven that it is moving steadily towards achieving the objectives of monetary policy and with a consistent strategic approach that relies on transparency and disclosure of financial data and dealing with the international financial Organizations and institutions based on the keenest to restore confidence in international banking transactions So you get the pictures we’re talking about international trading international banking transactions It’s pretty big. It says Iraq suffered from in previous years to reputational risks And we saw all kinds of negative media about that and the negative media impact towards harming the Iraqi economy and leaking inaccurate and fabricated data Information and statements intentionally or relying on data from other than its official source, which is the central bank exclusively So they’re making they’re giving a warning out, right? So it says the central bank’s management which was resumed Assumed responsibility in 2023 to draw up its third strategy and says one of the most important 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 of international standards that have been applied by reputable international banks, which led to the creation of a new and Balanced relationship.
So there’s a new balanced relationship because they’ve been they’ve made nothing but headway okay, it says a balanced relationship with international banks and banking institutions based on trust and Financial data provided and announced by the central bank. So the international banking institutions and organizations Rely on the central bank and they need proper information But here it says 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 from 3.1 percent and 3.7 Percent respectively which reflects price stability and the success of the monetary policy in Iraq So ultimately the central bank published on its website that they actually refute what is stated by non-specialists such as representatives and analysts and various media outlets, especially regarding liquidity reserves and salaries I I Believe the central bank’s disclosure of financial he goes on to say 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 again internationally because disclosure transparency and credibility of will contribute to restoring confidence in the banking sector and raising the rate of financial inclusion Look, these guys are basically telling you listen to what the central bank says. We have inflation low.
We have liquidity we know what our liquidity is we know that we have stability and listen to the central bank and they obviously have the attention of international organizations and International banking systems. So when they talk about new technology, you guys got to start thinking outside the box and remember a lot of these Transactions that we will probably end up being doing. Yes, we’re going to be moving dinar into the into a banking system, but it’s going to be Effectively a digital transaction.
It’ll be fast and furious and they’re going to be using new modern technologies You guys have heard of artificial intelligence. You’ve heard of blockchain. You’ve heard of all those things.
Are they real 100%? Okay, so that’s a really good article to take a peek at in patreon patreon.com With a forward slash mm and ECR EW. We have our free discord chat room kind of comes with paid membership For $9.99 a month. I suggest you come in and see what value it brings at least try it out for 30 days You’ll be surprised And you’re everybody’s welcome.
Okay? And here’s this an article that’s got some interesting components to it to it So the chairman of the Media Commission and the American Chamber of Commerce discussed developing the digital economy and technology It says the chairman of the Communications Media Commission Ali Mouliad Discussed with the vice president of the American Chamber of Commerce and the president of the American Iraqi Business Council Steve Lutz Has ways to enhance cooperation between Iraq and the United States in the fields of digital economy and technology It goes on and says that The president of the American Business Council and vice president of the American Chamber of Commerce during the meeting the major Transformations that Iraq is witnessing were reviewed including the urban revolution and the noticeable developments in the Infrastructure it says the two parties discussed the importance of communications and technology sector in Supporting the Iraqi economy as it represents the second source of state resources after the oil sector source of non-oil revenues So the significant growth in the authorities which have tripled over the last two years was also discussed according to the statement He goes on and adds that This is this is powerful here the meeting emphasized the importance of strengthening the presence of American technology Giants in Iraq as these as this represents an added value to the national economy a transfer of modern technologies and development of technological infrastructure Powerful that is because what are we talking about? We’re talking about the new systems that are coming into play the new instantaneous cross-border payments on a global stage Global level Iraq’s going to be involved in that 100% That’s my view. I mean look the Buna platform is the Arab monetary fund they have they have the technology now and so I would imagine that when the Iraq decides to Do do what she’s going to do and make that final move on or she’s allowed to you’re going to see a lot of change and when you see the memorandums and understandings with the securities exchange commission talking about all the Investments and all the different ways of doing it all that today was you know, you take that into consideration It says the two sides all discussed in this set necessary facilities to support Iraq’s private sector investments and enhance its presence In the United States in a way that ensures a high level of economic and technological cooperation between the countries They go on to say that the meeting also reviewed opportunities for cooperation with American companies To develop the digital economy in Iraq there it is the digital economy enhanced technical technological infrastructure in addition to providing support in developing regulations and Legislation that serve that private sector and the areas of digitization in communications that are witnessing rapid developments Look MOUs can have binding clauses in them. They’re not they shouldn’t be poo-pooed Okay, because they can have binding clauses in them and they also can be called, you know, somewhat of international treaties So, you know to take it seriously because who are we talking about? We’re talking about some of the richest countries in the world They already described all of them.
You had the US the UK you had Saudi Arabia. You had the Emiratis you had the Europeans Everybody okay. So when they talk about this, this isn’t just a fly-by-night memorandum of understanding between ABC Burger Company and ABC stuck state cows, you know, so anyway There’s a snippet today this afternoon.
It’s been a it’s been a few hours old, but Scott the scent Secretary of Treasury has Gained gained the top spot today and it says as he says quote as Treasury secretary This is this is big you guys this is coming. This is straight out of this is on Twitter okay it one of his posts today. Look it up.
It’s powerful green White House with a laser going into the sky You if you catch that, you’ll know which one I’m talking about. But here it says as Treasury secretary I’m committed to eliminating income taxes. I think people in America are gonna go what that sounds interesting Replacing them with fair consumption tax and adopting a gold-backed currency So this is the United States Treasury talking about all of those things replacing And eliminating income taxes replacing it with a fair consumption tax and adopting a gold-backed currency He says we will erase debt Restore financial privacy think of communication right there you guys and unlock new talent to technologies think of the blockchain Technologies and the bridge currencies that go along with that and those that’s in crypto You believe it or not.
I think you guys probably get that it says new technologies for prosperous future and he states and reiterates what I think our Administration is reflective reflecting on is the Golden Age starts now So I don’t know you guys that this information tonight is still totally powerful. I think it’s somewhat off the charts I think it should be everybody should absorb it and enjoy come on in to patreon.com Forward slash mm and crew and check out our discord chat room and get all this information Super Samson brings it in. We have a wonderful moderator GG.
She keeps the flow going as positive as possible Because there’s so much positive News we try to not to speculate we try to you know, give our analysis and bring our reasoning in There’s a gentleman I came in today I have to get his name because it’s a long one But anyway, I wanted I want he brought in some information coinciding with what I was talking about about the MOUs and brought in the That treaties it was nice to see that, you know Somebody comes in and brings on support for what they’re talking about and that’s that’s good. That’s good debate Okay, so anyway come see us if you like our content here Hit the like button subscribe and thank you for all your help and support Over the years that we’ve been here. It looks like we’re in powerful situation So enjoy your evening.
Enjoy the week and let’s see how this unfolds. We’ll see you soon. Thank you for being with us Once again guys, don’t forget to hit that like button If you like this content subscribe to the channel or join us at the militia man and crew patreon community for even more exclusive content You can also donate to this channel by hitting the links in the banner to help keep this page up and running Your generous support is greatly appreciated as always much much appreciated.
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