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  1. How to maintain macroeconomic stability? Some macroeconomic measures are opening up to trade, finding an appropriate exchange rate, managing inflation, and bringing the budget deficit to a manageable level. Finding an appropriate exchange rate….. Boom💥 We are close to see the appropriate exchange rate GO STRONGER DINAR
    34 points
  2. “According to Hussein Mouanes, a committee member, the CBI's decision to cancel the currency sale window for 2024 has been made, but the exact commencement date for this change has not been specified.“ Has not been specified to the General Public. In my opinion we are really close. Go end of daily auctions Go delete of 000 Go Stronger Dinar
    22 points
  3. Breaking News CBI auctions +$1 billion in forex on Saturday Iraq's Finance Committee reveals CBI's steps for currency sale window cancellation EconomyIraqCBI 2024-04-20 18:58 Font Shafaq News/ On Saturday, Iraq's Parliamentary Finance Committee revealed that the Central Bank of Iraq (CBI) has outlined a pre-cancellation plan for the currency sale window, citing the necessity of preparatory measures before implementing this decision. According to Hussein Mouanes, a committee member, the CBI's decision to cancel the currency sale window for 2024 has been made, but the exact commencement date for this change has not been specified. Mouanes clarified to Shafaq News Agency that the cancellation is conditional upon private banks' reliance on international bank correspondence and currency transfer methods. This move follows the CBI's transfer of its "correspondent" role to several foreign banks, which has raised concerns among some observers due to its ambiguous implications. Central Bank Governor Ali Mohsen Al-Alaq had previously announced in November 2023 the initiation of dollar supply within Iraq through accounts held by Iraqi banks overseas. However, Mouanes pointed out that this step necessitates an enhancement in the rating of Iraqi banks to enable their interaction with international counterparts, highlighting the current lack of foreign accreditation and correspondence for Iraqi banks. The currency exchange system, which includes foreign currency auctions, meets the demand for foreign currency and supports various monetary policy objectives. However, criticisms of this system have surfaced due to its substantial daily costs and impact on the central bank's reserves. Analysts have pointed out that overreliance on fixed exchange rates tied to oil revenues has led to the currency window being perceived as a function of oil rents, hindering economic transformation in Iraq. Despite its drawbacks, the currency sale window has played a role in stabilizing the Iraqi dinar exchange rate and bridging the gap between official and parallel markets
    18 points
  4. The dollar auction must come to an end. Go end of dollar auctions Go free market economy Go stronger dinar
    18 points
  5. @Laid Back you have no idea how much I am praying you are correct right now.
    17 points
  6. "According to Hussein Mouanes, a committee member, the CBI's decision to cancel the currency sale window for 2024 has been made, but the exact commencement date for this change has not been specified." This tells me they won't wait until the end of the year to cancel the auctions. I could be wrong.🙏
    17 points
  7. I hope we get a beautiful surprise on Sunday April 28 Go stronger dinar
    15 points
  8. All the people we have seen pass away during our wait. When this comes to fruition we should all toast those who have passed.
    15 points
  9. Wow, Mary B ,what great news you bring us! No doubt the participation of banks is crucial to the rv/ri . Financial sovereignty for Iraq is happening because sanctions are being lifted . Iraq has finessed its way beautifully throughout this whole middle east mess . Pew Institute did an analysis years ago concerning Iraqis , and found that overall Iraqis prove to be a very intelligent group. It wasn't too long ago that two thirds of Iraq was under Isis control . Young Iraqi adults have yet to see a peaceful , prosperous Iraq . It's time something good happens for them.
    14 points
  10. “It is hoped that the Central Bank of Iraq will announce the measures that were agreed upon in Washington, which could have a positive impact on the exchange rate,” “The dinar is in the market to find its price against foreign currencies through the interaction of the forces of supply and demand.” “It is noteworthy that the floating exchange rate or currency float is the currency exchange rate that has been floated so that it has become completely liberalized, so the government or the central bank does not interfere in determining it directly, but rather it is released automatically in the currency market through the supply and demand mechanism that allows the price to be determined.” Remove exchange control and let the forces of supply and demand determine the price. Go free market economy Go float Go stronger dinar
    14 points
  11. Here's an article of Dinarian interests... The process of raising the value of the IQD is being worked on. Treat as a rumor. Not verified. Your opine. Frank26 via Iraq-Boots-On-The-Ground Report via FIREFLY: We Are Working On Raising The Value Of The IQD. ARTICLE: [Alaq] is live & he is telling us be patient, we’re working on raising the value of the Dinar. He talked about how the IMF is helping & he talked about cleaning up the books…He wants us all to be patient. FRANK: You have been reassured by the right people that you’re supposed to trust…You’re about to get a new exchange rate with new denominations of lower notes because there going to lift the three zeros...I’m excited for you…Let’s see what Sudani does next.
    14 points
  12. 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... So, take everything with a grain of salt ... RON Militia Man Al Sudani...first off he shows up to Washington DC, big motorcade, heads over to the Pentagon the following day, big motorcade, comes to Michigan, what did he have? Big motorcade. He has the attention... The achievements the statesman Al Sudani has shown everybody is flat-out phenomenal... See Article: (A Summary) Al-Sudani returns to Baghdad after concluding his official visit to America - 4/20/2024 Frank26 [Iraq boots-on-the-ground report] FIREFLY: I love this. [Hearing the report of Al-Sudani's Q and A about raising the level of the value of the Iraqi dinar...see 4-20-2024 multiple guru posts below] Did he really say this? We are so excited here. FRANK: You have your leader telling the world in Washington DC that they are about to add value to your currency for purchasing power? ...This is exactly what the monetary reform has been teaching you... Now your prime minister said it. As far as I'm concerned it's over and it's done. Just have to wait now. Mnt Goat Remember...the Oil and Gas law looms in the background and will surface again soon. Also after this visit to Washington I fully expect the announcement of Iraq’s full accession to the WTO to pop out shortly. Oh…it’s all so good!
    14 points
  13. Here's an article of Dinarian interests... CBI fines Iraqi banks over noncompliance. Treat as a rumor. Not verified. Your opine. From Other Sources: More Than 138 Billion Dinars In “Fines” Imposed By The CBI On Banks & Exchange Companies. ARTICLE: The CBI announced on Tuesday that the fines imposed on banks & non-banking institutions (exchange companies) amounted to more than 138 billion Iraqi Dinars during the past three months. A table of the bank, seen by Shafaq News Agency, showed that the fines imposed on banks & financial companies during the past three months, starting from January & until the end of last March, amounted to 138 billion, 377 million, 321 thousand, and 527 Dinars, indicating that “the fines It also included 49 administrative penalties for these banks & non-banking institutions, distributed between warnings, warnings & grace periods. The table showed that “the month of January witnessed the highest fines on banks and non-financial institutions, as these fines reached 98 billion, 277 million, 722 thousand, & 62 Dinars, with administrative penalties amounting to 17 penalties, while the month of March witnessed the lowest fines, amounting to 5 billion & 462.” One million, 451 thousand & 344 Dinars with administrative penalties amounting to 15 penalties.” The Association of Investors in the Iraqi Stock Exchange had criticized, in early June, the CBI’s increase in fines on banks, noting that it would affect the profitability of investors in the shares of these banks. CBI often criticized by the UST for not doing enough to end money laundering & auctions in efforts to stop the illegal USD transfers to Iran & terrorist organizations.
    13 points
  14. Well I was just sent a photo of currency exchange outlet in Houston that’s showing Iraqi dinar? Waiting in confirmation from my cuz and her friend that lives in Houston? If there is anyone else in Texas that can confirm and post would be great! If it’s listed on a currency board then we are pretty close!
    13 points
  15. It appears that Iraq is starting to move in the right direction. I am starting to feel really good about the revaluation happening very soon.
    13 points
  16. Thanks for posting TRUTH. I've grown so weary of talking to people who," know what they know," and have become incapable of even considering that they could be wrong. Lately I've been praying 🙏 for the Lord to save America 🇺🇸 from the evil doers that rule over us. I said, " most Americans believe in you Lord, can't you use those believers to save us? " I believe the Spirit told me that they follow me with their lips but their hearts are far from me. With all that is happening in the world today, The Middle East attacking Israel, Iran claiming to have a nuke within the week, the Euphrates river drying up, the complete loss of Justice Throughout the world especially visible in America with the fake Trump trials. It appears that the stage is being set for the final battle. And still so many are blinded by strong delusion..
    12 points
  17. Economy The Central Bank of Information: US restrictions on Iraqi banks will be lifted soon April 20 11:55 1 Shares Information / Baghdad.. The Central Bank of Iraq announced today, Saturday, the imminent lifting of US restrictions on some Iraqi banks. Member of the Board of Directors of the Central Bank, Ahmed Barihi, told Al-Maalouma, “The discussions held by Prime Minister Muhammad Shiaa Al-Sudani in Washington with the American financial and banking authorities were successful.” He added, "The American side promised to lift banking restrictions on some Iraqi banks and end work on the platform at the end of this year. This matter will make the central bank return to the currency selling window as it was before." He added, "The results of the discussions between the Sudanese and the Governor of the Central Bank, Ali Al-Alaq, with the American side were good, in which it was agreed that the Central Bank would return to the currency selling window as it was before." He explained, "If we return to buying and selling the dollar, conditions will improve greatly, and currencies will be traded, which will facilitate trade and banking relations and reflect positively on the market directly," stressing, "The American side was understanding of what the Iraqi delegation proposed and promised to lift work on the platform and lift all restrictions on banks at the end." This year.” Prime Minister Muhammad Shiaa Al-Sudani is at the head of a high-ranking Iraqi delegation in America, to finalize the security and economic files with the American side, including the currency file. Ended https://almaalomah.me/news/62105/economy/البنك-المركزي-لـ-المعلومة:-القيود-الامريكية-على-المصارف-العر
    12 points
  18. “The American side promised to lift banking restrictions on some Iraqi banks and end work on the platform at the end of this year.” “The Central Bank's management plans to gradually cancel the dollar auction during the year 2024, leading to its complete cancellation by the end of the year” Lift banking restrictions by the end of the year Dollar auction cancellation by the end of the year Looks like they’re getting ready for January 2025 Go end of banking restrictions Go end of daily auctions Go free market economy Go stronger dinar
    12 points
  19. Great information Luigi! This is really great news. It shows how serious they are trying to get the corruption under control. The sooner that happens, the sooner we get paid! I think for that amount of fines, the banks will start getting serious about it!
    12 points
  20. 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... So, take everything with a grain of salt ... RON Breitling LOP...people that are smart, economist, get this wrong. The underlying definition is hyperinflation. How do people fight it? By removing the zeros. Nothing wrong with that. It's smart. But it's hyperinflation. People will point out incorrectly, look at Iraq... The best analysis I've read is that it [the dinar] was worth at it's height 2.25 to the U.S. dollar... Iraq has never had a customer problem. That's where you find the hidden value in this investment. It's not hyperinflation... [Post 1 of 2....stay tuned] Breitling There is inflation but it's 100% policy based inflation. You had this currency that was worth a lot of money... What was their number one export? Energy. Then war came along. You had war inflation. But did Iraq's customer base change? No. Did their oil producing output change? No, it went up. That's where you're going to find the value. That's where the value is coming from. That's it. [Post 2 of 2] Nader From The Mid East Sudani just got back home. Let's see what decision he's going to make. Let's see what he's going to say about his visit to United States. Let's see if they give him full control of the government and the banks and all that stuff... I'm waiting for him on Monday come out and say, 'Okay, we have control of everything, the coalition is going to go out soon. It's leaving soon. We control our banks. We have no more punishments.' From then we see. Deepwoodz Article: "Al-Sudani: Iraq is witnessing a new reality today in the private sector" MOU’s and Sovereign Guarantees…impossible without sovereign currency that has purchasing power. We’ve learned Iraq's contracts have recently been adjusted so that payment is made in dinar... If so, contracts in the billions... paid in dinar, would require assurances that the exchange rate would not move in a negative direction... It may even go so far as to give an exchange rate. If the rate were to move negatively, the foreign contractors would lose out because the value of the agreed upon amount in reflection to their home currency would also be less. That’s a no go... Sounds freakin fantastic.
    12 points
  21. I want harmony too!!! So RV the #%*€& currency already!!! 😂😂
    12 points
  22. I was reading this article looking for "soon" "in coming days", and didn't see it! Maybe this is really going to happen.
    12 points
  23. Iraq completes the completion of the files for the initial offer of goods and services to join the World Trade Organization Wednesday 24, April 2024 23:03 | EconomicalNumber of readings: 436 Baghdad / NINA / The Ministry of Commerce announced the completion of the files for initial offers for goods and services and their official submission to the Secretariat of the World Trade Organization through official channels. Minister of Commerce Atheer Al-Ghurairi, Chairman of the National Committee concerned with Iraq’s accession to the World Trade Organization, said: “This important step comes in the context of the Iraqi government’s efforts and its program aimed at promoting international trade and achieving sustainable development, which reflects its commitment to ensuring global economic integration and expanding economic partnerships.” . He added : “The National Committee, the technical committees emanating from it, and the accession team in the Ministry were able, within a short period of time, to complete these files and submit them to the organization in preparation for holding the third meeting of the working group on Iraq during the current year, 16 years after the date of the second meeting of the group in 2008.” ". He pointed out that the World Trade Organization (WTO) and international circles welcomed Iraq's return to the negotiating table. Al-Ghurairi stressed: “The two files for the initial offer of goods and services, which were submitted, included a wide range of products and services that reflect the diversity and competitiveness of the Iraqi economy and their negotiation,” noting: “Work is underway to prepare the Iraqi negotiating team and build the team’s negotiating capabilities for the purpose of initiating a contract.” Negotiating rounds with member states of the organization in order for Iraq to obtain membership in the organization. He explained: “The Department of Foreign Economic Relations, through official channels of dealing with the organization, is working on completing all requirements for accession in order for Iraq to obtain membership in the organization and to enhance Iraq’s integration into the multilateral trading system.” It is worth noting that the World Trade Organization (WTO) has issued the annual report on the accession of observer countries, and praised the efforts led by the Ministry of Commerce through its chairmanship of the National Committee, and that Iraq is the only Arab country whose accession process has become active, and has passed advanced stages among the Arab countries that have It holds the status of an observer member./End 5 https://ninanews.com/Website/News/Details?key=1122971
    11 points
  24. The real problem with the dollar disparity in the Iraqi market is the exchange control. As soon the CBI removes exchange control by floating the dinar or fixed to a basket of currencies the problem will be solved. Go end of exchange control Go float or fixed rate Go stronger dinar
    11 points
  25. It seems that everything is still pointing to this year. Maybe I shouldn't say anything, or they will slap me with a NDA!
    11 points
  26. Well that is bit of a no trainer but at the same time they are not gonna come out n say we are changing the rate until it happens
    11 points
  27. 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... So, take everything with a grain of salt ... RON Tishwash ali-alaq did give a speech this morning. Quote: "Regarding the issue of financial reform in Iraq, Al-Alaq explained, “Iraq has a multi-faceted program in this framework, as the first aspect is harmony, adaptation, the adoption of international standards in financial transactions..." Militia Man Al-Sudani has rocked it. They showcased this country like they've never done before. We've never seen this. Anybody that's been in this investment since 2003 has never witnessed what we're witnessing today... If they were going to come out at 1310 dinar to try to do all the things they're doing right now the world would be just like they were in Kuwait - crickets. This is powerful. Wonderful.
    11 points
  28. I listened to this today but didn't post it. He's right but I remember when IQD was 1180 to one. Sooooo until it hits 1 to 1 I'm not getting excited.
    10 points
  29. 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... So, take everything with a grain of salt ... RON Clare Article: "Iraq ranks fourth as the best emerging market for investment in 2024” Militia Man Article "Al-Sudani receives Washington the Chairman of JP Morgan" Those that say JP Morgan don't know anything about it should read up. Pimpy Question:"So you're telling me we should sell our dinar because it's about to lose us a lot of money?" I'm saying we don't know what's going to happen. There's a possibility we can wake up tomorrow and it's 1 to 1 and they haven't deleted the zeros a lot of people are millionaires. There's a possibility we wake up tomorrow and they delete the zeros and we have to exchange it for the new currency and then they change it 1 to 1 and you're not a millionaire. Frank26 [Iraq boots-on-the-ground report] FIREFLY: Some lady is on the television news saying once the delegation returns from the Untied States of American the budget amendment law will be sent to parliament. She's saying one of the issues is about salaries and this will end all issues on salaries for the first time ever once and for all... FRANK: She's correct. When Sudani comes back he will deal with the budget and you will have your new exchange rate because that's the only way that the salaries are going to be paid. They're telling you they're going to be paid for the first time ever. They have never been paid because of a lack of good exchange rate... Clare Article: "Al-Sudani stresses the necessity of dialogue with the US Treasury, the Federal Bank, and the International Monetary Fund" Quote: "Al-Sudani stressed that it is not possible to work in any development sector without reform steps for the banking sector, stressing the need to continue dialogue with the US Treasury, the US Federal Reserve, the International Monetary Fund, and other international financial institutions." MarkZ ...Sudani just landed a few hours ago back in Iraq after a very interesting tour in the US. He took questions during a Q&A and was asked about the revaluation of the dinar. He said specifically that yes that was under the auspices of the CBI but we are very much working on that direction. That is paraphrasing and not exact because of the translation. But that is phenomenal news imo. Militia Man [Q&A portion of Al-Sudani interview] Question: "Is the government thinking of revaluing the dinar and readjusting the value of the dinar due to the current circumstances in the market or do you see it to stay the same?" Al-Sudani's answer: "This policy is dictated by the central bank and the government abide by what the bank decides. I believe we are in the best status we could be in and we have actually had an assessment which has given much trust, higher trust at a higher level from different global parties...This is going to raise the level or value of the Iraqi dinar. There is policy that is consistent policy that the central bank is using..." [Post 1 of 2] (reposted) Militia Man MILITIA MAN: Deletion of the zeros project, is that what they're talking about? If you're going to raise the value of the currency you're going to have to do something to it and that's the exchange rate. You don't just LOP three zeros off a currency and say, 'Snip! Go use this'. It doesn't work that way. They have to raise the value... We know their reserves are $110 to $112 billion, they have gold, they have all the new electronic systems, taxes and tariffs...tourism, agriculture, liquid gas, all that stuff added into this is going to benefit them. Basically what is he saying? They're going to raise the level of the value of the Iraqi dinar. That's really powerful... Post 2 of 2]
    10 points
  30. 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... So, take everything with a grain of salt ... RON Militia Man [Q&A portion of Al-Sudani interview] Question: "Is the government thinking of revaluing the dinar and readjusting the value of the dinar due to the current circumstances in the market or do you see it to stay the same?" Al-Sudani's answer: "This policy is dictated by the central bank and the government abide by what the bank decides. I believe we are in the best status we could be in and we have actually had an assessment which has given much trust, higher trust at a higher level from different global parties... This is going to raise the level or value of the Iraqi dinar. There is policy that is consistent policy that the central bank is using..." [Post 1 of 2] Frank26 [Al-Sudani Q and A in Washington DC 1 hour 28 minute mark] Community Member: The question was asked...Is the government thinking of revaluing the dinar and reinstating the value of the dinar due to the current circumstances in the markets or do you see that it say the same? Sudani replies by saying 'This policy is dedicated by the central bank and the governments abide by what the CBI decides. Right now I believe we are in the best status that we could be in...We started the reforms...this is going to raise the level of the value of the Iraqi dinar.' He told the whole world...
    10 points
  31. Al Sudani is on a mission to bring Iraq 🇮🇶 to the international stage. Go Sudani Go reforms Go stronger dinar
    10 points
  32. Here's two articles of Dinarian interests... Straight from the horse's mouth. Treat as rumors. Not verified. Your opine. Militia Man:: Comments on EO 13303. ARTICLE: Executive] Order 13303…according to the US National Emergency law failure to renew the executive order within a period of 90 days from the date of previous renewal means it will become invalid. We’re not even into May yet & that’s when it was signed. There’s still an additional 90 days tacked on to that last date. What we’re seeing I frankly don’t care…It’s a protection for Iraq’s interests & the US’s interests. All these years it’s been in place. In my view a good thing because it’s protection. Military Man: IQD To Be Raised. Iraqi Dinar Value to be Raised – Al-Sudani – USA – VISIT. Global Support- Value in the Dinar. See video at source...Google key words in headlines.
    10 points
  33. the cbi doesn't or hasn't revealed very many specifics since shabibi's departure from the bank so im not sure really what their plan is but shabibi's currency plan was for the iqd to come out strong fixed to a basket of currencies not to fluctuate more than 2% every 90 days , cheers dv'ers
    9 points
  34. Job 22:28 (KJV) - Thou shalt also decree a thing, and it shall be established unto thee, and the light shall shine upon thy ways.
    9 points
  35. This will Improved road infrastructure enables the smooth flow of goods and services, thereby reducing the transportation time and cost. This, in turn, makes the goods and services more accessible to a larger audience, leading to increased trade and commerce. Go Iraq 🇮🇶 Go economic growth Go stronger dinar
    9 points
  36. Another 20 years they'll have it nailed and ready for the global currency 😄 Just kidding here...15 Years Tops!!!
    9 points
  37. Ya got the means now give the IQD value/worth! It should be at least as valuable as the UAE (minimum) or KWD! Get some Iraqi pride! 😁
    9 points
  38. From Midnight Last Night 4/20/2024: Frank26 It seems to me the pattern of these bank stories that I've been receiving are changing more in the direction that, 'Yeah, we know. We don't know when. We don't know what to tell you. We don't know how much...but yeah we know what's going on.'
    9 points
  39. Here's part two to Ron's above article...thanks Ron...good find. Go RV. 4-20-2024 Newshound Guru Militia Man MILITIA MAN: Deletion of the zeros project, is that what they're talking about? If you're going to raise the value of the currency you're going to have to do something to it and that's the exchange rate. You don't just LOP three zeros off a currency and say, 'Snip! Go use this'. It doesn't work that way. They have to raise the value...We know their reserves are $110 to $112 billion, they have gold, they have all the new electronic systems, taxes and tariffs...tourism, agriculture, liquid gas, all that stuff added into this is going to benefit them. Basically what is he saying? They're going to raise the level of the value of the Iraqi dinar. That's really powerful... Post 2 of 2]
    9 points
  40. 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... So, take everything with a grain of salt ... RON Pimpy Question: "What are the proper notes to hold for investment purposes?" Any of the currency is okay to hold at the moment so there's no specific denomination. If they do delete the zeros or they re-denominate they're going to have whole new currencies. That's why there's no rush to try to find lower denominations because they're going to replace all of them including the lower ones. But there is a possibility that they don't re-denominate and we get lucky and they change the exchange rate and keep the zeros on the currency. Militia Man Article: "Iraq, US to form joint team to address sanctions on Iraqi banks" Central Bank Governor Al-Alaq has worked for concessions for and on the behalf of Iraqi Banks to the UST with regard to current sanctions imposed on them.
    8 points
  41. In my opinion Iraq will be accepted to join the WTO in May 9th. They have total support by USA. Go Iraq Go Free market economy Go WTO Go Stronger Dinar
    8 points
  42. Be Patient? They have been saying the exact same thing since we got into this. I think each and everyone of us has been extremely patient waiting for Iraq to increase their value. I don't think we need Frankie and company telling us to be patient!
    8 points
  43. 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... So, take everything with a grain of salt ... RON Frank26 [Iraq boots-on-the-ground report] FIREFLY: The next meeting with the United States of America will be held in Baghdad the television is telling us. They're coming to us now... Clare Article: "CEO of JPMorgan Chase expresses Support for Iraq” Quote: "Prime Minister Mohammed Shia al-Sudani received Mr. Jamie Dimon, the CEO of JPMorgan Chase, and his accompanying delegation on Wednesday, during his visit to the Washington DC." Samson Article: "Al-Sudani: We have reached satisfactory solutions with the US Treasury to address the conditions of the sanctioned banks"
    8 points
  44. Al-Awadi reveals the cost of the development road project with the Turkish side: it will be paid through the “Oil Fund” PoliticsTürkiyeBreakingCouncil Of MinistersDevelopment PathBassem Al-AwadiOil Fund 2024-04-22 // 08:25 Shafaq News / The Prime Minister’s spokesman, Basem Al-Awadi, revealed on Monday the cost of the development project announced by Prime Minister Muhammad Al-Sudani and Turkish President Recep Tayyip Erdogan, and the method of paying money to Turkish companies through an “oil” fund, in which the projects’ shares are placed. Through the Ministry of Oil, it is then sold to pay project funds. Al-Awadi said, during a press conference attended by Shafaq News Agency correspondent, “Prime Minister Muhammad Shiaa Al-Sudani and Turkish President Recep Tayyip Erdogan signed 26 memorandums of strategic cooperation in various fields, including security, economy, investment, education, health, and other memorandums.” He added, "The Iraqi National Security Council has described the PKK as a banned organization, and that the Iraqi-Turkish joint security committees are in continuous dialogue. Considering that the organization is banned, their presence in Iraqi territory is in the form of guests and they are not allowed to engage in partisan or political activity or military activity and are dealt with." With them as refugees under the supervision of international human rights organizations.” He pointed out that "the Iraqi-Turkish strategic agreement signed by the Prime Minister contains a set of points, and a fund will be established in which the oil will be placed in the same manner as the Iraqi-Chinese framework, and that the oil resources will finance the project," indicating that "Turkish companies that will be announced later will work to build dams and dig... New rivers and converting some of the rivers that convert to evaporation from the river into pipes, so these are multiple projects for the coming years.” He stated that "there are committees that will determine the amount of oil that will be placed in the fund and that the oil will be sold and its prices, which will be the basic ceiling for the projects implemented by Turkey, as they will be financed from the oil-financed fund." In response to a question by Shafaq News correspondent, Al-Awadi said, “The cost of the development road reaches 17 billion dollars or more. Therefore, we need basic allies and countries to join the road, and this reflects positively on the economic and financial situation.” Al-Awadi continued: “Today, Iraq signed a strategic quadripartite agreement with Turkey, Qatar, and the Emirates. This strategic agreement represents the launch of work for the development project in Iraq, and that these four parties will be the basic common ground that will bear the costs and investments, and there will be joint committees and distribute work among the four parties.” He pointed out that, “shortly after the signing of the strategic agreement, joint committees will be allocated between the countries, and that Iraq granted the development road plan to the Italian consulting company and it has now been completed to borders beyond Baghdad, and the first section began from Basra to Nasiriyah and then from Nasiriyah to Karbala and then to Baghdad.” In terms of planning, it has been completed according to the economic model, and within a month we will move directly to the committees that determine the economic model, after which the implementation of the development road project will begin.” https://www.shafaq.com/ar/سیاسة/العوادي-يكشف-تكلفة-مشروع-طريق-التنمية-مع-الجانب-التركي-تسدد-عن-طريق-صندوق-النفط
    8 points
  45. 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... So, take everything with a grain of salt ... RON Militia Man [Executive] Order 13303...according to the US National Emergency law failure to renew the executive order within a period of 90 days from the date of previous renewal means it will become invalid. We're not even into May yet and that's when it was signed. There's still an additional 90 days tacked on to that last date...What we're seeing, I frankly don't care... It's a protection for Iraq's interests and the US's interests... All these years it's been in place. In my view a good thing because it's protection... Frank26 [Iraq boots-on-the-ground report] FIREFLY: Bank friend says...if it is 1 to 1 that's a good start but he feels like because what he personally knows the rate could carry a $5+ and support it very well because our reserves are way higher than what they are telling anyone. That's just his opinion... FRANK: It will not start at 5 to 1 IMO as it will not start at 1 to 1. Clare Article: "Al-Sudani receives in Washington the Chairman of JPMorgan" Deepwoodz Article: "Al-Sudani: Iraq is a country full of opportunities and its projects amount to 400 billion dollars" 400 billion x 1310 = 524 trillion dinar...ummmmm….i don’t think so. Budget ain’t that big! Unless you have a roundabout 3:1 rate the opposite direction.
    8 points


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