IRAQI GOVT. ALLOCATES 4.8 BILLION IQD TO BOOST INVESTMENT IN SULAIMANI Iraq, April 20, 2017

[Wiljor]

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

[Officiallytook]

 

[ChuckFinley]

[davis411]

ok I am slow

why the bumps

I have nothing

except a empty bottle of beer

[Laid Back]

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

 

[tigergorzow]

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

[davis411]

ok yes great yessssssssssssssssssssssssssssssssss

I still do not understand

 

[davis411]

yep sti;ll lost

[alreis]

Or 4.8 billion IQD x $3= $14.4 billion usd. /593 investors =$24.2 million.

Just dreaming out loud

[yusofsabri]

 

[Laid Back]

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. 🚀

[NoviceInvestor]

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 ...

[Laid Back]

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

[olivesman]

ity, 

[ChuckFinley]

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.  

[Laid Back]

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

[ChuckFinley]

Your welcome LB. 

[davis411]

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

[Theseus]

And now a word from our sponsors:

 

[Theseus]

For the ladies:

 

Edited April 21, 2017 by Theseus