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  1. GD07, here is. The exchange rate of foreign currency in economic feasibility studies. Below are the central controls related to the exchange rate of the foreign currency to convert the project inputs and outputs from foreign currency to its equivalent in the local currency, and that is by calculating the net discounted present value standard and the internal return on investments in economic analysis that governs investment projects that costs excess one million dinars. Estimate the shadow price of foreign currency: It is necessary to put central controls to amend the official exchange rate * to reflect the shadow price of the foreign currency, and that is considered one of the necessary requirements to implement the net discounted present value standard and the internal return rate on investment in the economic calculation stated in the instructions, paragraph nine. The central controls for adjusting market prices distinguished a group of outputs and inputs traded internationally, where the projects production or usage of them is reflected on the abundance of foreign currency in the economy and thus project outputs or inputs used of such are considered purely foreign currency outputs or inputs. * What is meant by exchange rate: the number of units of foreign currency, expressed in dollar per one dinar. In particular the following outputs and inputs of foreign currency were distinguished: Export-outputs. Outputs marketed locally that substitute imports. Imported inputs. Inputs produced locally that usually go to exports. Foreign labor. According to the pricing rules the value of the output and input (traded) is calculated using export prices (FOB) and import prices (CIF), according to what is listed in the pricing rules. In other words the pricing rules calculate what the project produces from foreign currency (quantity of exports multiplied by the export price (FOB) in foreign currency or the quantity of substitute imports multiplied by the import price (CIF) in foreign currency, as well as what the project uses from foreign currency and imported inputs multiplied by the import price (CIF) in foreign currency .... etc.). In a later step, project outputs and inputs must be converted from the foreign currency to its equivalent in local currency (dinars) by using a specific exchange rate for the foreign currency. Justifications for exchange-rate adjustment: there are a number of important and powerful arguments which support the view that the official exchange rate reduces the real value of foreign currency for purposes of calculating the economic national profitability for investment projects and hence for the purposes of investment planning. It is demonstrated in this context to call for assessing the dinar for less than (3.208) dollar (official exchange rate) when assessing project outputs and inputs of traded goods of exports, substitute imports and imports... etc. The justifications to call for the use of an exchange rate that is lower than the official exchange rate are: The use of an exchange rate that is lower than the official rate is the appropriate action at the investment planning level to translate the country’s economic strategy aiming at stimulating central investments in the sectors that encourage the development of non-oil exports, as well as sectors that encourage the expansion of domestic production base in order to reduce imports and compensate it with local commodities. This helps to reduce reliance on foreign exchange earnings from crude oil exports and increases the share of non-oil sectors in the local production. The application of the amended exchange rate on project imported inputs will assist in directing investments away from aggregated sectors dependent on imported inputs and the preference of those sectors that rely on locally produced inputs. The use of the amended exchange rate helps to correct the balance in favor of the traded goods sectors compared to non-traded goods. The real exchange rate has declined rapidly since the early seventies, through rapid rise of the level of prices and local costs which led by the steadiness of the official exchange rate to change in prices and actual local rate costs that gave an advantage for imported goods at the expense of locally produced goods, meaning that it led to deterioration of the competitiveness of alternative replacement goods and export commodities. This action shows that the official exchange rate overestimates the value of the dinar, compared to the foreign currency and from the promoting goods substituting imports and export commodities point of view of. And in support to this view is the state’s utilization and in a broad approach to the customs and quantitative protection policies especially for consumer goods, as well as export subsidies that exports have through an amended export exchange rate. Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.
    32 points
  2. “The government's insistence is illogical about the dollar’s exchange rate remaining the same, and there is no justification for its survival, especially since the International Monetary Bank proposed to Iraq. that the price of the dollar be at the limits of 1130 dinars and not as approved in the budget at 1445 ″. Years ago the ministry of planning did a feasibility study about the dinar exchange rate $1.13 per dinar. The IMF proposed to Iraq 1130 dinars per dollar 1130 dinars minus 000 = $1.13 dinars per dollar What a coincidence. Go New exchange rate Go purchasing power Go 2021
    26 points
  3. WOW!!!! Thanks laid back!! It is right there in black and white!! Damn it Iraq what in the hell are you waiting on!! Pull in the 000's and lets get down to business!! Awesome post!!
    10 points
  4. Parliament transfers the budget law to the Presidency of the Republic April 4, 2021 Today, Tuesday, the House of Representatives referred the Federal Budget Law to the Presidency of the Republic, for approval. The following is the text of the document:
    8 points
  5. 8 points
  6. The Governor of the Central Bank discusses with the Secretary-General of the United Nations the financial and economic conditions Banks Economy News - Baghdad The Governor of the Central Bank, Mustafa Ghaleb, discussed with the Secretary-General of the United Nations in Iraq, Jeanine Hennes Plasschaert, the financial and economic conditions in Iraq. A press release issued by the Central Bank, received by "Al-Ektissad News", said, "Today, Tuesday, the Governor of the Central Bank of Iraq, Mustafa Ghaleb, received the Special Representative of the Secretary-General of the United Nations in Iraq, Jenin Hennis Blasshardt, and discussed during the meeting the financial and economic conditions that Iraq is going through and the measures that lead to it. The management of this bank is part of the reform plan for the Iraqi banking sector . " For her part, the United Nations representative, Mrs. Blashart, affirmed support for the independence of the Central Bank of Iraq, like other international central banks, and its importance during the current and future period . Number of observations 45 Date of addition 04/06/2021
    7 points
  7. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Frank26 Aren't you impressed, now I know it's not signed but...we have a budget. Do you realize that we've never had a budget since 2003 when we went in there to rescue them. There was no budget. Why? There was no need. Why? There was no new rate. Now all of sudden we have a new budget for the very first time. The president is about to sign it. It's about to come in and bring in the white papers. Don't you just find it delicious..? ***** From Monday 4/05/2021 ***** *** MilitiaMan Article: "The currency auction stops for a week as a result of banks’ fear of changing the dollar’s price" They have enough dollar reserves to get them through until a new exchange rate is applied, hence the fear of buying now. We have been told that this would happen in the past. They told us dollars will get scarce before the new dollar will be used again. So by staying out of the market reduces risk. With all the international contracts coming in, they’ll need an international exchange rate applied for to facilitate the foreign exchange with freedom of capital. They also note that the budget will be applied in a timely manner while dealing with the exchange rate. All within this week or so...(post 1 of 2).. *** MilitiaMan Will that rate leak out, maybe not? We shall see. There were articles to support that an exchange rate change is coming. The citizens are getting hammered in respect to goods services, pricing, etc...So, I feel comfortable knowing that the fear of the buying the dollar is a sign of a big change thus the closure of the auction. No one wants to be holding the bag and be on the wrong side of a trade with a big move expected to come.. That can be disastrous in magnitude...Therefore, the planning had to be done down to the wire and that wire got started Wednesday of last week so they say... 03/31/2021. Let’s see what the next 24-96 hours brings!! Real close anyway!! imo, it shall be interesting to say the least! Imo...(post 2 of 2).. *** Pimpy ...there is a lot of chitter chatter going on with these middle eastern countries...there's some concern about the current administration being in there...what they hope doesn't happen is the same thing that happened under the O---- administration ...while the United States is having dialogue and meetings with Iraq at the same time they are also negotiating with Iran on their nuclear deal...I'm thinking that a lot of these countries over there...want some type of reassurance... *** Kaperoni ...There is no RV, it's not how monetary policy works. All you have to do is read the IMF Article IV Consultation with Iraq to know there is no RV or change in the exchange rate expected...I assure you they'll be no change in the exchange rate in April, for that matter the entire year... *** Pimpy ...It seems like every single day the exchange rate is in the news for one reason or another...just be careful about how you're reading these things...all it is simplified is they're trying to stop using dual currencies. Just use the Iraqi dinar to help strengthen the dinar...I really strongly still feel that the rate will change before the end of the year...
    7 points
  8. Imagine Urself Trapped In An Endless Investment ! With Endless Repeat Tweets ...
    7 points
  9. Remember, no one really knows what will happen, or when. They're simply stating their opinions based on what they perceive to be happening in Iraq. RON *** Frank26 *** Only pay attention to the Prime Minister Kazemi. Only pay attention to the Central Bank Governor Mustafa...all the negativity you see out there in those article you have been well trained how to decipher it...I saw a post from someone today that said I saw that article today it was from parliament, yeah it was his opinion so I flushed it. I posted well done good student...that's how you get rid of these headaches. If you really want to be aware of what you're doing with this investment you have to be a good student... *** Mark *** The good news coming out of Iraq is they shut down all foreign currency auctions on us dollar and Iraqi Dinar yesterday…they won’t sell any more in anticipation of the change in value. One article I read is (if translated right) sometimes in the next 10 days they expect a change in value. Why didn't he post the article...maybe because there wasn't one..! *** Petra *** Stopping the auctions...nobody wants to be on the bad side of the equation. I consider it like hot potatoes...You didn't want to be stuck with the hot potato when the music turns off. The banks are feeling the same way. They don't want to be stuck holding that hot potato and they lose on the transaction. They're very very conservative. IOO they are being very wise in holding off on those auction until next week. There's got to be a reason for that. Right now the budget has not formally become law because it has not been signed by the president to our knowledge and it has not gone into the gazette. The president has between 3 and 15 days to sign that budget...we have until the 14th for that event to occur. Again, rate before budget. The rate has to be in that budget before it becomes law. We're in quite a countdown now.
    6 points
  10. You have to learn to read between the lines... They aren't going to come right out and tell you that they are going to change your life forever!!! Seriously Greedy! You fluctuate moods more than I did when I was pregnant! Oh, just so you know.... it was regularly! Cheer up! You/we/us/they are closer now than EVER!!! Look for the rainbow... not the rain!
    6 points
  11. This is what the central bank governor discussed with Plasschaert Economie| 02:00 - 04/06/2021 BAGHDAD - Mawazine News, the Governor of the Central Bank, Mustafa Ghaleb, discussed, on Tuesday, with the Special Representative of the Secretary-General of the United Nations in Iraq, Jenin Hennis Blasshardt, the financial and economic conditions that Iraq is going through. A bank statement, of which Mawazine News received a copy, said, "Today, the Governor of the Central Bank of Iraq, Mustafa Ghaleb, received the Special Representative of the Secretary-General of the United Nations in Iraq, Jenin Hennes Plasschaert." The statement added, "The governor discussed during the meeting the financial and economic conditions that Iraq is going through and the measures that the management of this bank leads within the reform plan for the Iraqi banking sector." For her part, the United Nations representative, Plasschaert, affirmed "supporting the independence of the Central Bank of Iraq, like other international central banks, and its importance during the current and future period." Ended 29 / A 43
    6 points
  12. Wouldn’t surprise me if they built stronger wheelbarrows....hoping we’re close to the finish line.
    6 points
  13. Economist: The International Monetary Fund suggested to Iraq that the exchange rate should remain at 1130 19:08 - 04/05/2021 Information / Special ... The economist, Hakim Al-Adly, said on Monday that the government's insistence on keeping the exchange rate at what it is in the budget at 1445 is illogical. Al-Adly said, in a statement to the information agency, that “what the exchange rates have witnessed of high may push the Iraqi citizen to return to the days of selling window curtains and home doors in order to provide a livelihood for children in light of the exorbitant price that Iraq will accept. when the price of 100 dollars reached 150 thousand Iraqi Dinar". He added, “The government's insistence is illogical about the dollar’s exchange rate remaining the same, and there is no justification for its survival, especially since the International Monetary Bank proposed to Iraq. that the price of the dollar be at the limits of 1130 dinars and not as approved in the budget at 1445 ″. He pointed out that "the coming days may witness a big jump in prices, and it is likely that they will increase when the budget reaches the Presidency of the Republic and is approved," indicating that "we will not be surprised if the dollar price reaches 1550 dinars, as it is a government desire to exhaust the citizen."
    5 points
  14. Relax Grasshopper ! Regardless Of The Rate - They’ve Removed The Cash From The Auctions So That There Isn’t Anything To Steal !
    5 points
  15. The United Nations shows its suppor t for the independence of the Central Bank of Iraq 04/06/2021 30 Baghdad / Al-Mawred News The Special Representative of the Secretary-General of the United Nations in Iraq, Jeanine Hennis Blasshardt, today, Tuesday, expressed her support for the "independence" of the Central Bank of Iraq. A central bank statement said, "Today, the governor of the bank, Mustafa Ghaleb, received Plashart, and during the meeting, they discussed the financial and economic conditions that Iraq is going through and the measures that the management of this bank is going through as part of the reform plan for the Iraqi banking sector." And Blashardt emphasized during the meeting, "Supporting the independence of the Central Bank of Iraq, like other international central banks, and its importance during the current and future period."
    5 points
  16. Iraq is sixth largest oil producer in the world ,behind the US ,China ,Russia ,Saudi Arabia , Much of it is sweet crude and easy to access ,bubbling out of the ground . Then there's the natural gas , biggest Sulfur supply in the world , and don't forget the GOLD. All this wealth is shared by a mere 40,000,000 people . Many huge international businesses have set up shop in Iraq . No worries ,you crazy diamonds.
    5 points
  17. That study was done back in 2013. Fast forward to now with Iraq having more gold in their reserves, they should be closer to coming out to 2 bucks.
    4 points
  18. LINK Document .. Parliament refers the budget law to the Presidency of the Republic for approval 6th April, 2021 The Deputy Speaker of Parliament, Bashir Haddad announced, on Tuesday, that the parliament will refer the Federal Budget Law for 2021 to the Presidency of the Republic for approval. According to a document signed by the Deputy Secretary-General of Parliament, Sadiq Jumah Hamid, addressed to the Office of the Presidency of the Republic, and obtained by Shafaq News Agency, that “based on Article 73, Clause III, of the Constitution, we send to you (the Federal Budget Law of 2021).
    4 points
  19. Yea so they can steal more money from the auctions.....Whatever! The politicians wants the CBI to return the exchange rate to 1130, this let me further know they don't give a damn about their Country or people or else they would want the dinar to revalue! It is not going to happen and thank goodness the CBI is separate from the pigs in the GOI!!
    4 points
  20. LINK Alliance of Forces: a parliamentary move to amend the budget by reducing the price of the dollar 17:47 - 04/06/2021 The coalition of forces announced, on Tuesday, a parliamentary movement and went to hold a special session to conduct an amendment to the budget by lowering the price of the dollar in the coming days. The deputy of the Forces Alliance, Mirza Hammadi, told "the information" that "the increase in the price of the dollar has greatly harmed the Iraqi citizen, and his features are on the citizen." He added that "there is a parliamentary movement and went to hold a special session during the coming days, regarding the budget and making the amendment to the dollar exchange rate in line with the economic situation of the Iraqi individual." Hammadi explained that "the price of the dollar will be reduced and the proposals put forward are to return it to the previous price, or 130 thousand dinars," noting that "the previous price is the biggest trend for most parliamentarians."
    4 points
  21. 40 Reasons NOT To Get The Vaccine Maggie Mitchell8 hours ago 0 8 minutes read Democrats play the COVID game Democrats try to force Americans to get the vaccine. Their vaccine is so good that people don’t want it. Join Our Telegram channel here: https://t.me/TheTrueReporter People know the truth. They can’t lie to us anymore. We are “awake.” Bill Gates and George Soros have a plan for us. This leads us all the way to Georgia Guidestones. Are these vaccines linked to their depopulation agenda? Adam D. has a good read for you: 40 REASONS NOT TO GET THE VACCINE(S). What is happening across the globe right now is more important than ever before. Humanity is at the precipice of a turning point that can lead to two very different realities. The individual decisions that people make could affect the lives of many more, but more importantly, it could affect their own health and livelihood for the rest of their known lives, so I share all of this strictly from a place of love and concern for all people. I’m not here to tell anybody how to live their life or what free-will decision they should be making, as that is always up the individual, but I wouldn’t feel right if I didn’t share what I KNOW to be true about the vaccine story. *Spread this far and wide to EVERYONE who will read it, especially those that don’t know any better. Get it into the hands of large accounts with thousands of followers. Let’s get this list to 100 reasons! Feel free to edit it, add to it, or modify it to fit with way you speak. Enjoy. 40 REASONS TO NOT TAKE A VACCINE We love you tremendously and wish ONLY for your good health and CONTINUED well-being. It would break our hearts if that were to change because of a side effect of a ‘vaccine’ shot for a virus with a 99.9x% recovery rate. For your age group theres a 0.0x% chance of dying. If you caught it, you would naturally beat it with zero human/medical intervention. I know people who have caught Covid and survived with no complications. They just said it was like a body-flu. Some of your most loved ones will NOT be taking this vaccine under ANY circumstances. A ‘Corona’ virus is in the common cold/flu family and has been around for hundreds/thousands of years. There have been ZERO flu cases in this state in 2021 thus far, and thus ZERO flu deaths for the first time in history. Where’d they go? There are common vitamins such as Vitamin C, D, and E, plus Zinc that have wonderful results in warding off the common Coronavirus without the risks and unknowns of a vaccine. Plus there are well-established drugs like Hydrochloroquine, which has made the Top 10 list of SAFEST DRUGS for 70+ years now. Our government does NOT have your best interest in mind and they don’t care about your safety, health, or well-being no matter what their words might say. This pandemic was NEVER about the safety of citizens around the globe. It is about compliance, control and power to usher in the Great Reset and the Globalist-Elites continued pursuit of their New World Order. If you were to get this ‘vaccine’ they will STILL require you to wear a mask and social distance, despite the fact that others have also been ‘vaccinated’ because again, this has NOTHING to do with the virus. Previously respected agencies are now running entirely on political agendas instead of basic scientific fact. The CDC (Center for Disease control) and WHO (World Health Organization) are both PRIVATE companies and NOT part of any government organization. And guess who largely funds them…? Bill Gates, among other ill-intentioned billionaires/trillionaires… On the official CDC website, to keep the historical statistics accurate, a couple months ago they ‘updated’ their (fake) 2020 Covid death statistics to include only deaths that were caused FROM Covid, rather than dying WITH Covid (death was caused from something else), which lowered the covid death count by 92%!! Meaning the Covid death count is hundreds of thousands off. But the media didn’t bother pointing that out and still continue to push the fake Covid death count. The ‘vaccine’ is not actually a vaccine as it does not provide immunity. It contains no live virus like other shots do. It’s a medical injection. And you do not need a medical injection for a medical illness you don’t have. The injection is not guaranteed to protect you from contracting Covid. Many folks who’ve received it have still contracted Covid. Assuming the shot actually works, the presumed benefits are minimal and would not last long in any case. However, the negatives can hang around for a lifetime. They are already talking about yearly shots and additional shots for the ever-increasing number of new variants and of new ‘vaccines’. A vaccine that hasn’t been proven safe can do irreparable damage to those who opt to be inoculated. A ‘vaccine’ that DOESN’T work could likely do more to spread Covid-19 than having no vaccine at all. This group of ‘vaccines’ are the fastest to ever be released to the public. Only 10-12 months vs 5+ years in trials! The vaccine manufacturers have listed the potential dangerous side effects from their Stage 3 trials, of which 91% of folks experienced basic side effects that lasted up to 6 days including injection site pain, swelling, redness, itching, rashes, hives, heart palpitations, headaches, muscle soreness, nausea, fever, joint pain, swollen lymph nodes, and respiratory symptoms, while others experienced much more severe reactions, including allergic reactions, Anaphylaxis, Bells Pallsy, paralysis, blood clots, pulmonary embolisms, and rare blood disorders like acute immune thrombocytopenia (deep vein thrombosis). They state that if patients have an allergic reactions to the first shot they should NOT received the second shot. Moderna in particular, has NEVER made a vaccine of ANY kind for humans, period. 20+ countries have banned the Astra Zeneca vaccine due to the number of deaths it’s caused! Over 3800 people have died from the current vaccines after only 90 days! New vaccine technology will likely mean new kinds of vaccine injuries because there’s never been a licensed mRNA vaccine before. Since the vaccines were developed so quickly (under emergency use), with such short clinical trials, the long-term injuries are a complete unknown. mRNA injections are the first vaccines in history to intervene directly in patients’ genetic material and alter it (hi-jacking your cells). Injecting the body with mRNA strands, which are essentially protein synthesis instructions, could theoretically unleash catastrophic unintended consequences in the body, posing problems when it comes to health, ethics and morality. This is uncharted territory…. You are essentially playing Russian Roulette with your life due to auto-immune reactions where the body’s cells are inadvertently or maliciously programmed to attack critical proteins required for normal health such as hormones, enzymes, and antibodies, which can drastically affect fertility and neurological functions, etc. Side effects of an mRNA vaccine would not become apparent until months or years after the initial injection. These adverse events are likely to be systemic, not acute. The genetic damage that mRNA vaccines can cause would be IRREVERSABLE and IRREPAIRABLE. Genetic defects simply CANNOT be removed from the body. The mainstream media is our worst enemy. They maliciously lie to us about nearly EVERYTHING. And it\’s not just some networks or major newspapers, its ALL of them. They are all complicit because they are all owned by the same few elite globalists. The establishment insists these injections are safe, however, they can’t/don’t know this for the same reasons previously stated above– there have been no long-term tests. It is thought that most negative health effects won’t happen for 4-18+ months after injection. This is when the injection will be most dangerous– after you’ve made your decision and it’s too late. The big pharma companies have ZERO liability. NONE. If there is a severe systemic reaction to complications, such as having seizures, full body rashes, you end up partially paralyzed or with Bell’s Palsy, or have neurological disorders for the rest of your known life, or even if it kills you, thats too bad– They are 100% protected and cannot be sued under ANY circumstances. They quite literally have nothing to lose and only money to gain. Politicians and Big Tech are now the ones giving citizens ‘expert’ advice on a brand new types of injections. Should they be trusted over real medical professionals, or over your loved ones who TRULY CARE about your well-being? Bill Gates comes from a long line of known Eugenists and believes the world has too many people and needs to be “depopulated”. He has later stated that, “A worldwide vaccine would be the quickest route to achieve this”. He’s made these statements PUBLICLY on video more than once. Gates himself, and his family have NOT been injected. The Bill and Melinda Gates Foundation is BANNED from entering India and a few countries in Africa for paralyzing tens of thousands of their children with their Polio ‘vaccine’. ‘Dr.’ Fauci is a life-long FRAUD. He is the HIGHEST PAID government employee (including the president). He doesn’t care about citizens and will lie to our faces repeatedly to push his nefarious agenda thats based on greed, money, and power. He personally funded (along with Bill Gates) the Wuhan Virus Lab in China= Wu Flu. Dr. Fauci made it appear that he got a shot on television, but he didn’t. It was faked. Kary Mullis, the gentleman who won a Nobel prize in the 90’s for inventing the PCR tests that Fauci is now using to (falsely) test for Covid, has called Fauci a fraud, a phony, and a big dummy publicly and has challenged him to debates on stage many times, which Fauci has always declined. And this was 25 years ago! This is the most widespread marketing (propaganda) campaign in history. The media, politicians, celebrities, and mega corporations are hyping this as the coolest, smartest, and best thing to do, saying, “It is the ticket to your freedom”. The ENTIRE system is complicit. Anybody who raises concerns about the ‘vaccine’ are bullied, banned, slandered, mocked, censored, threatened, or fired from their jobs. This includes ANY medical professionals who have REAL science-based EVIDENCE. When has truth and morality ever turned out to be on the side of the establishment?? In the 1940s during the holocaust, many of the citizens WILLINGLY took a ride to their own death because they TRUSTED the men in uniforms when they said, “We are going to take you here for ‘your own safety’.” Sound familiar? Our eternal CREATOR with his infinite intelligence did not design our immune system ‘wrong’. Those with form do not know better than the formless from which they came. You know better than anyone what is good or not good for yourself. No one is more of an expert on your OWN body than you are. More than anything, again, we just want you to lead a good healthy life just as you do TODAY and most EVERYDAY. There is never a moment that we do not love you forever. That you can be certain of. -Originally written by Adam D. in WA state, US — 4/21 Adam did his homework. Share it with your friends and family.
    4 points
  22. The Makhoul Dam project was approved in 2001 by the previous regime and has been postponed since then, noting that the Iraqi government approved the construction of the dam to preserve the Tigris River from drought, and as a result of the "water war policy" practiced by neighboring countries, including Turkey, pointing that, "the Makhoul Dam will save two-thirds of Iraq from drought, and preserve Iraq's sovereignty from Turkish threats". The Makhoul Dam extends over 6 km southwest of Kirkuk and 600 meters inside Saladin lands to the north. The Makhoul Dam file has produced wide social and livelihood implications. It requires the displacement of about three administrative units in Kirkuk and Saladin, amid fears of losing livelihood sources in those units that subsist on agriculture and animal husbandry as the only primary sources of livelihood. The dam's site and its boundaries extend from Al-Zawiya district, north of Baiji district, to Al-Shirqat district and large parts of Al-Abbasi Al-Zab sub-districts, southwest of Kirkuk. The dam's length is 3227 to 3600 meters, with a storage capacity of more than 3 billion cubic meters. It is considered a sovereign dam in Iraq that saves about two-thirds of the land from drought in the areas extending between Baiji, Al-Shirqat, and Al-Hawija districts in Kirkuk. Babylon will rise again
    4 points
  23. 18 years of dragging this through the weeds .... hopefully the last year & be quick about, okay?
    4 points
  24. The Central Bank discusses with the United Nations representative the financial and economic conditions Al-Noor News / Baghdad, Governor of the Central Bank of Iraq, Mustafa Ghaleb, discussed with the United Nations representative in Iraq, Jeanine Hennes Blashardt, today, Tuesday, the financial and economic conditions in Iraq. "The governor of the bank received the Special Representative of the Secretary-General of the United Nations in Iraq, and the two sides discussed the financial and economic conditions that Iraq is going through and the procedures led by the management of this bank as part of the reform plan for the Iraqi banking sector," said a central bank statement. . Plasschaert emphasized, "Supporting the independence of the Central Bank of Iraq, like other international central banks, and its importance during the current and future period."
    4 points
  25. Al-Eidani: The most important item in the 2021 budget is the petrodollar fund Policy 2021-04-06 | 04:38 1,358 Views Basra Governor Asaad Al-Eidani considered that the most important thing approved in the 2021 budget for Basra is the petrodollar fund, which has been allocated one trillion dinars for the whole of Iraq, indicating that it is not possible to give figures for the Basra budget because 50% of the outlets revenues will be added to it as well as the development of the regions. Al-Eidani said in a press statement, "followed by Alsumaria News," that some consider allocations Basra A few others consider it sufficient, but we cannot give it by numbers, because we have two important topics. The first is the annual pathway where it will open Basra An important openness through it, despite the fact that the allocations of this road will be from the border crossings of the governorate after 50% of the imports have been allocated to them, and I cannot give a number to these allocations because they are decided monthly. He continued that the second project, though on Oil Ministry But its benefit will be for the people of the province, and it is filtered Basra Where an amount of 300 million dollars was approved for this important project, in addition to the large Faw port project, for which funds have also been allocated. He pointed out that the amounts included in the budget for the development of regions amounted to 4 trillion governorate shares Basra Of them, about 7 or 8 percent, as well as the establishment of the petrodollar fund, which is the most important, as the surplus over the barrel price calculated in the budget will be placed in it.
    4 points
  26. Governor of the Central Bank discusses with Plasschaert the financial and economic situation in Iraq 133 Economie 4/6/2021 14:00 amm Baghdad today - Baghdad Governor of the Central Bank of Iraq, Mustafa Ghaleb, discussed today, Tuesday (April 6, 2021), with the Special Representative of the Secretary-General of the United Nations in Iraq, Jeanine Hennes Blashart, the financial situation in Iraq. The governor's media office stated, in a statement received (Baghdad today), that "the Governor of the Central Bank of Iraq, Mustafa Ghaleb, received today, Tuesday, the Special Representative of the Secretary-General of the United Nations in Iraq, Mrs. Jenin Hennes Blashardt." The governor discussed during the meeting, "the financial and economic conditions that Iraq is going through and the measures that the bank management is leading within the reform plan for the Iraqi banking sector." For her part, the United Nations representative, Plasschaert, affirmed, according to the statement, "supporting the independence of the Central Bank of Iraq, like other international central banks, and its importance during the current and future period."
    4 points
  27. All I know is.. I've never seen the exchange rate so prevalent in news articles. I think its a good sign..
    4 points
  28. I don't think anything will happen until after the elections when Al-Khdemi is the official PM. (If it even happens year) I know food is expensive and the exchange rate is hurting the people but I don't think the CBI really gives a damn. It is all about how many dinars they can pull in at this rate. I know inflation is a factor as well. It seems like everyone is ready to invest and they are taking their time. I guess the Economic Reform takes time to go into effect but the question is how much more time. The New CBI building will be ready by 2022 which is exciting to me! I believe they will increase the exchange rate but we just don't know when. From the looks of things it should be sooner than later but this is Iraq we are dealing with. Just my opinion!!
    4 points
  29. The last auction was on March 31 when they approved the budget. It was only $3.7 million dollars and not cash sales. “banks stopped participating in the currency auction conducted by the Central Bank daily during the past week due to their fear of changing the exchange rate of the dollar in the budget that was approved last week ." They are forcing the people to use their dinars. This could mean the end of MCP and moving to IMF Art 8 compliance. Go CBI Go end of MCP Go Art 8 compliance Go international Go RV Go 2021
    4 points
  30. The Currencies, They Are A-Changin' Rob Dylan 🎵 🎸🎹 Come gather 'round DV people wherever you roam And admit that the currency waters around you have grown And accept it that soon your bank account'll be drenched to the bone And if your breath to you is worth savin' Then you better start GM smokin' or you'll sink like a stone For the times, they are a-changin' Come goat writers and Gurus who prophesize with your pen🦌💨 And keep your eyes wide, the chance won't come again 👀 And don't speak too soon for the RV wheel's still in spin And there's no tellin' where that it's landin' For the loser now will be later to win 'Cause the times, the currencies, they are a-changin'
    4 points
  31. Thank ya kindly Mr.Thugs! Come on HCL then we are so DONE!!!!!
    3 points
  32. They probably have to replace the Mosul dam, its a mess and has been from initial construction. From Wikipedia: "The earthen embankment dam is located on top of gypsum, a soft mineral that dissolves in contact with water. Continuous maintenance is required to plug, or "grout", new leaks with a liquefied slurry of cement and other additives. More than 50,000 tonnes (49,000 long tons; 55,000 short tons) of material have been injected into the dam since leaks began forming shortly after the reservoir was filled in 1986, and 24 machines currently continuously pump grout into the dam base. Between 1992 and 1998 four sinkholes formed downstream of the dam and a fifth sinkhole developed east of the dam in February 2003 that was filled several times. In August 2005 another sinkhole developed to the east. A September 2006 report by the United States Army Corps of Engineers noted, "In terms of internal erosion potential of the foundation, Mosul Dam is the most dangerous dam in the world." The report further outlined a worst-case scenario, in which a sudden collapse of the dam would flood Mosul under 65 feet (20 m) of water and Baghdad, a city of 7 million, to 15 feet (4.6 m), with an estimated death toll of 500,000. A report on 30 October 2007 by the US Special Inspector General for Iraq Reconstruction (SIGIR) said that the dam's foundations could give way at any moment...... In 2007, the U.S. Army Corps of Engineers developed and executed a US$27 million plan to help continue maintenance and repairs on the dam in the short-term. The Iraq Government was also recommended a long-term solution that includes the construction of 67 m (220 ft) deep walls around the dam foundation. The project would cost $4 billion and take approximately four to five years to complete." This was never done because of the ISIS fight for the dam and has been put on hold. The company I worked at was asked to bid this repair along with other companies but the US government would not give any kind of indemnification or relief in the event the solution didn't work. People there are exposed and all down stream currently, dangerous and the dam continues to leak and need repairs just from a safety perspective.
    3 points
  33. In the document ... parliamentary accountability for the central governor regarding violations of controlling dollar sales Political| 02:40 - 06/04/2021 BAGHDAD - Mawazine News, Member of Parliament, Representative Jamal Al-Muhammadawi, addressed the Central Bank of Iraq regarding controlling dollar sales and how to dispose of them, asking about the differences in sales and their coverage from the bank’s foreign currency reserves. A document issued by the office of Representative Jamal al-Muhammadawi, addressing the governor of the Central Bank, revealed that "a reference to the reports of the Federal Office of Financial Supervision, the quantities sold of the US dollar in the foreign currency auction in the Central Bank of Iraq for the period from (1/1/2015) until (31) / 12/2015) up to (44303800) dollars (forty-four billion three hundred three million eight hundred thousand dollars) according to the statements of the Financial Operations and Debt Management Department, the Foreign Currency Sale and Purchase Window Section and the Statistics and Research Department, the Macroeconomic Department and an index of a group of violations. The document added that "among these violations is the failure of some banks and financial transfer companies to provide the central bank with full information about their purchases of dollars, which indicates the absence of coordination between the relevant authorities in the central bank regarding control of dollar sales and the way to dispose of it." And she continued, "The purchases of the dollar from the Ministry of Finance during the same period mentioned above reached (32450) billion dollars (thirty-two billion four hundred and fifty million dollars), that is, a difference of (11853) billion dollars (eleven billion eight hundred and fifty-three million dollars) for the quantities sold of the dollar. This led to the use of the bank’s foreign currency reserves to cover dollar sales. " Al-Muhammadawi stressed, "It is necessary to clarify the causes of these violations and to reveal the necessary measures taken by the Central Bank." Ended 29 / A 43
    3 points
  34. Ok I give up, just what all does this BS exactly say? He said ! Because I’ve read it twice and it still is !!! JMHO
    3 points
  35. Draft agreement between Iraq and the European Investment Bank Tuesday 06 April 2021 34 Baghdad: Morning The Ambassador of the Republic of Iraq, Sadiq al-Rikabi, to Belgium, Luxembourg and the European Union, stressed that the basic principles underlying the policy of the Republic of Iraq in its international relations come in fulfillment of its obligations and to advance the three pillars of the United Nations, which are sustainable development, peace and security, and human rights. In this context, the Iraqi mission to the European Union has made great efforts over recent months to reach a framework agreement between Iraq and the European Investment Bank, which lays the legal foundations necessary for the latter to finance some public and private sector projects in Iraq. The efforts of the Embassy of the Republic of Iraq in Brussels have culminated recently in reaching a draft agreement sent by the embassy, and through official channels, to the relevant Iraqi authorities, for the purpose of studying it and making observations on it in preparation for obtaining the fundamental approvals to sign it between the Iraqi and European sides. A framework agreement He explained in the speech of Iraq, during the hypothetical event organized by the European Investment Bank with the head of the Asia Department, Mr. Edwards Pomistinas, and the concerned officials in the draft agreement in the European Investment Bank, with the head of the negotiating delegation of the Republic of Iraq on concluding a framework agreement with the European Investment Bank. Al-Rikabi indicated in his speech that many countries of the world need to invest more than ever before in a world torn apart by conflict, divided by hate speech, threatened by the spread of epidemics and diseases, and by the forces of evil and extremism robbed of its security and peace. European Union Al-Rikabi expressed his happiness with the participation of the European Investment Bank in providing support to partner countries in various fields, especially since Iraq is the most prominent partner of the European Union and is now in the reconstruction phase, and that the European Investment Bank, as one of the main tools of the European Union to support the partner countries, is fully prepared to provide all Possible assistance to Iraq. " Ambassador Al-Rikabi explained in an interview with Al-Sabah that "the European Investment Bank is a non-profit bank established by the member states of the Union, with the aim of providing the necessary capital to finance important investment projects inside and outside the countries of the Union in various sectors." Financial capabilities With regard to Iraq and its relationship with the European Union and its institutions, Iraq has a cooperation and partnership agreement concluded with the European Union that included many provisions related to activating political and economic cooperation between the two sides and that putting these provisions into effect requires the existence of a legal framework that organizes the foundations, tools and mechanisms necessary for this, and that the agreement The discussion is one of those important tools that will contribute to activating economic and investment cooperation between the two sides and benefit from the expertise and financial and technical capabilities of the European side in the banking, financial and investment field, and that there is an urgent need to sign an agreement with the European Investment Bank, for the purpose of providing the necessary legal basis for the bank’s practice. European direct investment, through financing or lending to public and private sector projects or indirect, through investment in the Iraqi stock market.
    3 points
  36. Marjorie Greene ✅, [05.04.21 16:23] Show me 1 woman who has spoken out against Matt Gaetz Andrew Cuomo has been accused by 9 women of sexual misconduct. Gaetz - 0. This is nothing but a deep state attack and media smear fest to take him down. GOP needs to stand up. @realmarjoriegreeene
    3 points
  37. If you had not been listening to MSM only you would know. If you had listened to the vid in the op`s post you would know. Very smart and knowledgeable young lady.
    3 points
  38. I’m hearing the Twilight Zone theme.... what does it all mean ?????
    3 points
  39. I would think that our massive debt ,our troubled country ,and the fed printing money like it's going out of style is devaluing the usd all by itself .
    3 points
  40. I hope that’s what’s they smell...and they have no word for fluffy: not that it has any bearing here, just thought I’d throw that in.
    3 points
  41. banks in Iraq ready for new exchange rate... wowwwww they can smell rv as i am
    3 points


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