Wiljor Posted April 20, 2017 Report Share Posted April 20, 2017 Iraq, April 20, 2017 The Iraqi government has allocated 4.8 billion Iraqi Dinars IQD to the Sulaimani Governorate to restore investment plagued by a financial crisis facing the Kurdistan Region. The Acting Governor of Sulaimani, Sardar Qadir told NRT the money will be distributed among the contractors who the Kurdistan Regional Government (KRG) owes more than one trillion IQD. “The money is not sufficient for the 593 eligible investors in the Sulaimani Governorate to boost their projects,” he said during an interview with NRT. A member of the Sulaimani Provincial Council said the money is not enough to launch new projects or to restore those which were suspended. Several contractors and companies declared bankruptcy after the Kurdistan Region faced a financial crisis in late 2104 which the KRG blames on the slump in oil prices, the fight against the Islamic State (ISIS) and the hosting of an influx number of IDPs. The KRG is delaying payments to government contractors as a slump in oil prices over the past few months has led to significant revenue shortfalls, deepening its financial crisis. The financial crisis has already resulted in the suspension of about 4,000 contractor projects as the government seeks to preserve cash. Up to 2,200 small, medium and large factories have closed in the city of Sulaimani, according to statistics gained from the Sulaimani Chamber of Commerce and Industry last year. nrttv http://iraqdailyjournal.com/story-z15158951 4 Quote Link to comment Share on other sites More sharing options...
Officiallytook Posted April 20, 2017 Report Share Posted April 20, 2017 2 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted April 20, 2017 Report Share Posted April 20, 2017 3 Quote Link to comment Share on other sites More sharing options...
davis411 Posted April 20, 2017 Report Share Posted April 20, 2017 ok I am slow why the bumps I have nothing except a empty bottle of beer 4 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted April 21, 2017 Report Share Posted April 21, 2017 The Iraqi government has allocated 4.8 billion Iraqi Dinars IQD to the Sulaimani Governorate to restore investment plagued by a financial crisis facing the Kurdistan Region. 4.8 billion IQD / 1182 = $4.06 million dollars. The money is not sufficient for the 593 eligible investors in the Sulaimani Governorate to boost their projects,” he said during an interview with NRT. $4.06 million dollars / 593 eligible investor = $6,848 dollars per investor [ RV at $.10 ] 4.8 billion IQD x $.10 = $ 480 million dollars / 593 eligible investor = $ 809,443 dollars per investor [ RV at $1 ] 4.8 billion IQD x $1 = $4.8 billion dollars / 593 eligible investor = $ 8.09 million dollars GO RV GO 2017 13 Quote Link to comment Share on other sites More sharing options...
tigergorzow Posted April 21, 2017 Report Share Posted April 21, 2017 11 minutes ago, Laid Back said: The Iraqi government has allocated 4.8 billion Iraqi Dinars IQD to the Sulaimani Governorate to restore investment plagued by a financial crisis facing the Kurdistan Region. 4.8 billion IQD / 1182 = $4.06 million dollars. The money is not sufficient for the 593 eligible investors in the Sulaimani Governorate to boost their projects,” he said during an interview with NRT. $4.06 million dollars / 593 eligible investor = $6,848 dollars per investor [ RV at $.10 ] 4.8 billion IQD x $.10 = $ 480 million dollars / 593 eligible investor = $ 809,443 dollars per investor [ RV at $1 ] 4.8 billion IQD x $1 = $4.8 billion dollars / 593 eligible investor = $ 8.09 million dollars GO RV GO 2017 LB, Great points 4.8 Billion at today's rate will not cut the mustard..... The RV / RI is slowly pulling up to the final destination!!!! GO RV GO HCL 4 Quote Link to comment Share on other sites More sharing options...
davis411 Posted April 21, 2017 Report Share Posted April 21, 2017 ok yes great yessssssssssssssssssssssssssssssssss I still do not understand 5 Quote Link to comment Share on other sites More sharing options...
davis411 Posted April 21, 2017 Report Share Posted April 21, 2017 yep sti;ll lost 3 Quote Link to comment Share on other sites More sharing options...
alreis Posted April 21, 2017 Report Share Posted April 21, 2017 Or 4.8 billion IQD x $3= $14.4 billion usd. /593 investors =$24.2 million. Just dreaming out loud 4 Quote Link to comment Share on other sites More sharing options...
yusofsabri Posted April 21, 2017 Report Share Posted April 21, 2017 2 1 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted April 21, 2017 Report Share Posted April 21, 2017 2 hours ago, alreis said: Or 4.8 billion IQD x $3= $14.4 billion usd. /593 investors =$24.2 million. Just dreaming out loud 5 hours ago, tigergorzow said: LB, Great points 4.8 Billion at today's rate will not cut the mustard..... The RV / RI is slowly pulling up to the final destination!!!! GO RV GO HCL Fasten your seat belt. 🚀 6 Quote Link to comment Share on other sites More sharing options...
NoviceInvestor Posted April 21, 2017 Report Share Posted April 21, 2017 1 hour ago, Laid Back said: Fasten your seat belt. 🚀 i would like to think the ride was almost over LB ... But I still have a little niggle of doubt ... 5 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted April 21, 2017 Report Share Posted April 21, 2017 8 hours ago, NoviceInvestor said: i would like to think the ride was almost over LB ... But I still have a little niggle of doubt ... Patience....the willingness to stay where we are and live the situation out to the full in the belief that something hidden there will manifest itself to us. Go RV Go 2017 8 Quote Link to comment Share on other sites More sharing options...
olivesman Posted April 21, 2017 Report Share Posted April 21, 2017 ity, 3 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted April 21, 2017 Report Share Posted April 21, 2017 Just rolling in guys. Great post there LB and Tiger. They seem to want to get things going in the private sector, but at .00086 you are not going to get much. 4 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted April 21, 2017 Report Share Posted April 21, 2017 2 hours ago, ChuckFinley said: Just rolling in guys. Great post there LB and Tiger. They seem to want to get things going in the private sector, but at .00086 you are not going to get much. Thanks ChuckFinley at .00086 no future for Iraq and his people Go RV Go 2017 4 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted April 21, 2017 Report Share Posted April 21, 2017 Your welcome LB. 5 Quote Link to comment Share on other sites More sharing options...
davis411 Posted April 21, 2017 Report Share Posted April 21, 2017 18 hours ago, yusofsabri said: hi I am davis nice to meet u yes I do have iqd and it did rv at 1.00 to 1.00 now please get me a beer and a sandwhich ahhhhhhh dreams 2 Quote Link to comment Share on other sites More sharing options...
Theseus Posted April 21, 2017 Report Share Posted April 21, 2017 And now a word from our sponsors: 1 Quote Link to comment Share on other sites More sharing options...
Theseus Posted April 21, 2017 Report Share Posted April 21, 2017 (edited) For the ladies: Edited April 21, 2017 by Theseus Quote Link to comment Share on other sites More sharing options...
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