TNT – “Tidbits From TNT” Monday 1-15-2024

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CandyKisses:  Al-Sudani reaffirms the need to end the tasks of the international coalition in Iraq

Information/Baghdad.Prime Minister Mohammed Shia Al-Sudani on Monday reiterated Iraq’s vision on ending the mission of the international coalition to fight ISIS.

A statement by the Sudanese office received by Al-Maalouma said that he “received, the Dutch ambassador to Iraq, Hans Sande, and during the meeting they reviewed bilateral relations between the two countries and ways to enhance them.”During the meeting, he pointed to Iraq’s openness to all forms of partnership and joint work in various fields, in particular the activation of the Joint Water Council between the two countries, in addition to the importance of the Netherlands assuming the leadership of the NATO mission in Iraq in mid-May.

According to the statement, Al-Sudani renewed “Iraq’s vision on the mission of the international coalition to fight ISIS, in the next stage, which must include joint technical work to end this mission, and move to the levels of bilateral security and military cooperation .

For his part, the ambassador handed over, during the meeting, an official invitation to Dutch Prime Minister Mark Rutte to visit the Netherlands in order to discuss more partnership opportunities between the two countries, and to convey his government’s desire to increase levels of cooperation, Pointing to the positive relations between the Netherlands and Iraq, as well as the desire of Dutch companies to work within Iraqi development programs and infrastructure reconstruction.

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Tishwash:  Al-Sudani receives an official invitation to visit the Netherlands

The Prime Minister, Mr. Muhammad Shiaa Al-Sudani, received the Dutch Ambassador to Iraq, Mr. Hans Sande, and during the meeting, they reviewed bilateral relations between the two countries and ways to enhance them.

During the meeting, His Excellency pointed out Iraq’s openness to all forms of partnership and joint work in various fields, in particular the activation of the Joint Water Council between the two countries, in addition to the importance of the Netherlands assuming leadership of the NATO mission in Iraq, mid-May.

Mr. Al-Sudani renewed Iraq’s vision regarding the mission of the international coalition to combat ISIS, in the next stage, which must include joint technical work to end this mission, and move to the levels of bilateral security and military cooperation.  

For his part, the ambassador delivered, during the meeting, an official invitation to His Excellency from the Dutch Prime Minister, Mr. Mark Rutte, to visit the Netherlands in order to discuss more opportunities for partnership between the two countries, and to convey his country’s government’s desire to increase levels of cooperation, pointing to the positive relations between the Netherlands and Iraq. In addition to the desire of Dutch companies to work within Iraqi development programs and infrastructure reconstruction.

Prime Minister’s Media Office
15-January-  link

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CandyKisses:  Iraq plans to stop international borrowing this year

 Mawazine News-Baghdad
Advisor to the Prime Minister for Technical Affairs, Engineer Muhammad Al-Daraji, Chairman of the Committee to Review Foreign Foreign Loans to Iraq, revealed that the government is seeking to stop loans that do not benefit the country.

Al-Daraji said, in a statement to the newspaper (Al-Sabah) followed by / Mawazine News / “Iraq entered after 2003 a new wave of foreign loans and debts due to low oil prices and insufficient budget in most cases.”

He added that “there was clear confusion and differences in estimating the size of Iraq’s new foreign debt due to the existence of other debts before 2003,” noting that “the new debts must have a clear picture of them in order to take appropriate measures in dealing with them in order to preserve the country’s economy and its credit rank globally.”

Al-Daraji explained that “loans are distributed between ministries and provinces in exchange for projects, and the task of the committee, which formed the inventory of loans and find out what projects, ministries or provinces benefited from them and what is their condition,” noting that “debts entail interest that burdens Iraq and must be liquidated and reach final results in knowing the size of debts and how to repay them and their value for the economy.”

The Prime Minister’s Advisor for Technical Affairs said that “these debts may have been taken for certain reasons, but there is no added value to the Iraqi economy, which makes us study the debts again and proceed with the implementation of the projects for which the debt was borrowed, and if they are useless, they must be stopped and the debts returned to improve Iraq’s financial situation internationally.”

It is noteworthy that foreign foreign loans to Iraq are estimated at $ 25 billion, and the formation of this committee comes after those loans burdened the country during the past twenty years.

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Tishwash: Economist: The Iraqi Central Bank returns to the forefront with a new strange decision!

 Economic researcher, Ziad Al-Hashemi, said on Sunday that the Central Bank opened a new door to withdraw the dollar under the pretext of “borrowing” and then repaid the value of these dollar loans in dinars and at the official rate, without specifying any controls or standards that control dollar borrowing operations, which makes it a potential method. To receive the dollar and smuggle it or sell it for cash at the parallel price, and then repay its value at the official price and profit from the price differences.

Al-Hashemi stated in a post on the “X” platform,  that “the Iraqi Central Bank returns to the forefront with a new strange decision, as many were optimistic about the recent steps of the Iraqi Central Bank and considered them (reform) measures that will contribute to supporting the dinar, controlling the leakage of national hard currency, and stabilizing exchange rates, but It seems that the management of the Central Bank wants to raise controversy, suspicions and speculation again, through some strange decisions.”

He explained, “The Central Bank opened a new door to withdraw the dollar under the pretext of (borrowing) and then repaid the value of these dollar loans in dinars and at the official rate (according to the book below), and this book (according to its wording) does not specify any important controls or standards that control dollar borrowing operations, which This makes it a potential way to receive the dollar and smuggle it or sell it for cash at the parallel price, and then repay its value at the official price and profit from the price differences.”

He stated, “This potential fraudulent exploitation of the Iraqi dollar will refuel the smuggling and money laundering networks with cash dollars, and will increase the wealth of speculative parties (already wealthy) in dollars through differences in exchange rates.”

The economic researcher called on “the Central Bank to reconsider this book and discuss its potential repercussions on the Iraqi markets and economy, and to amend it in a way that preserves Iraqi funds and does not provoke the Fed again.”     link