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Found 2 results

  1. Here's some articles of Dinarian interests... From the Sandbox: Report. We have contacted Trump & they want to develop relations with us. Treat as rumors. Not verified. Your opine. FROM IRAQI SOURCES: Al-Sudani: We Have Contact With Trump's Team & They Want To Develop Relations With Us. ARTICLE: PM Mohammed Shia al-Sudani stressed: "Iraq's relations with the US are institutional according to the strategic framework agreement." Al-Sudani said in an interview with the Spanish newspaper El Mundo: "We have communication with Trump's team & they want to develop relations with us." Gold Falls On Dollar Strength. Gold prices fell on Thursday, pressured by the rise of the Dollar, amid anticipation of economic data indicating that the Federal Reserve (the US central bank) may follow a more cautious approach to interest rate cuts. Spot gold fell 0.3 percent to $ 2627.60 per ounce & US gold futures fell 0.5 percent to $ 2627.00. The Dollar index rose 0.1 percent, reducing the attractiveness of gold for holders of other currencies. As for other precious metals, silver fell about one percent to $ 29.78 per ounce, platinum 0.1 percent to $ 928.05, while palladium stabilized at $ 972.75. Oil Falls After US Gasoline Stocks Rise. Oil prices fell slightly in Asian trading on Thursday after a surprise jump in U.S. gasoline stocks ahead of the Thanksgiving holiday raised concerns about demand in the world's biggest fuel consumer. Brent crude futures were down 4 cents, or 0.1 percent, at $72.79 a barrel by 02:20 GMT, while U.S. West Texas Intermediate (WTI) crude futures were down 1 cent at $68.71 a barrel. Trading is expected to be light due to a holiday in the United States. The U.S. Energy Information Administration said Wednesday that gasoline stocks in the country rose by 3.3 million barrels in the week ending Nov. 22, contrary to expectations for a slight draw in fuel stocks ahead of the holiday season. Oil analysts had expected U.S. gasoline stocks to fall by 46,000 barrels last week, according to a Reuters poll ahead of the EIA report. OPEC+ members are discussing a further delay to a planned oil output increase that was due to start in January, two sources from the producer group told Reuters on Tuesday. The group is due to meet on Sunday to decide policy for the 1st months of 2025. Government Communication: All Institutions Are Required To Introduce Electronic Payment By July 2025. EThe Government Communication Team confirmed on Thursday that the number of institutions using electronic payment has increased to 780 & the number of payment cards has increased to 20 million, noting that the government’s plan stresses the obligation of all institutions to introduce electronic payment by July 2025. The head of the government communication team, Ammar Munim, said in a statement reported by the official news agency, and seen by "Al-Eqtisad News", that "there are about 780 institutions that have been converted to electronic payment & the number of electronic cards has increased from 14 million cards to 20 million cards, in addition to the amounts that were traded during the campaign reaching one & a half trillion Dinars." He added, "We have a set of measures that have allowed for an increase in the number of electronic cards & the number of ATMs & the conversion of institutions to electronic payment. The culture among citizens has been strengthened to use cards to transfer their money inside & outside Iraq electronically without any difficulty." He added, "The national campaign to support the electronic payment process encouraged citizens through simplified procedures from the government & it is an educational campaign." He stressed that "the government has taken important measures through which it has directed all institutions to develop a plan to move to electronic payment by the end of this year & for all institutions to enter the electronic payment process by the beginning of July of next year 2025." Central Bank Sales Rise To More Than $288 Million In Currency Auction Today. The CBI's Dollar sales increased to more than $ 288 million in the currency auction, compared to yesterday, Wednesday. The bank sold $ 288 million, 258 thousand and 12 in its auction today, covering it at a basic exchange rate of 1310 Dinars per Dollar for documentary credits & international settlements for electronic cards & at a rate of 1310 Dinars per Dollar for foreign transfers & at a rate of 1305 Dinars per Dollar in cash. Most of the Dollar sales went to strengthen balances abroad in the form of transfers & credits, which amounted to $ 275 million, 158 thousand & 12, up 95% from cash sales of $ 13 million & 100 thousand. The number of banks that purchased cash Dollars was one bank, while the number of banks that met requests to enhance balances abroad was 11 banks & the total number of exchange companies participating in the auction was 15 companies. Sudanese Advisor: The Government Has Taken Decisions That Grant Privileges To Investors. The PM's Advisor for Industry and Private Sector Development, Hamoudi Al-Lami, announced that the government has taken decisions to grant privileges to investors, while indicating that the facilities include granting tax exemptions. Al-Lami said in a speech at the Greek-Arab Economic Forum in Athens, that "Iraq, after the formation of the current government two years ago headed by PM Mohammed Shia Al-Sudani, had one of its priorities to support the industrial sector & the government has begun to implement this promise it made," noting that "the government has taken decisions, including activating Investment Law No. 13 of 2006, & additional amendments were made to it to grant more privileges to investors." He explained that "the government has taken decisions, including forming committees to grant incentives & privileges to investors & guarantees for investment," noting that "foreign investors have the right to lease industrial lands for a period of 50 years, renewable." Al-Lami explained that "Iraq has great opportunities for investment, especially after the security stability & the Arab brothers played a major role in activating various sectors in Iraq & they are now spread across all Iraqi governorates," stressing that "Iraq is now witnessing a renaissance in activating sectors & there are investment opportunities that were presented two months ago and will be followed by other opportunities that will be announced soon." He continued: "Iraq has a great wealth of minerals that exceeds its importance, oil, as oil is now suffering from some disturbances due to the political situation, the issue of the environment & carbon emissions," explaining that "Iraq has begun to invest in the great wealth of minerals as it has 10 billion tons of phosphate rocks that are used in the phosphate & phosphate fertilizer industry, which has become a great need due to the increasing demand for food that requires agriculture, which in turn needs fertilizers." He added that "any production of the phosphate industry is accompanied by uranium production & the investor can use the uranium to produce energy or sell it to power plants," noting that "the National Investment Law started with simple & specific investments in the construction sector & has now shifted to investing in the industrial sectors (chemical and petrochemical)." Al-Lami stated that "the investor obtains full tax exemptions for importing production line equipment & raw materials."
  2. Here's some articles of Dinarian interests... US-Iraq relations at an all time low. Treat as rumors. Not verified. Your opine. MarkZ via PDK: This is a big one. ARTICLE: This is a big one& has got to have the US scrambling right now. “Al-Sudani confirms Iraq’s readiness to join the BRICS group” Why is this important? Iraq is signaling to the US they have a “PLAN B” that if they don’t let this go they can go without you. The US is holding billions of Iraqi Dollars & at some point they may just write those billions off so they can have freedom. I believe the US is now on a time schedule. They only have so much time left before Iraq joins the BRICS nations & no longer needs the US. To me this is a huge story. Pimpy: Iraq Is Still Under US Sanctions. I Said Several Times That Iraq Was On Sanctions. ARTICLE: They can’t do anything without the United States saying, ‘Hey it’s okay to do so.’ That included their budget. People like, ‘Pimpy doesn’t know what he’s talking about. Pimpy’s wrong. Blah blah, blah.’ Article: “What does the US federal reserve have to do with the federal budget?” Quote: “...US Federal Bank is behind the failure to release financial allocations in the budget…” Not that Iraq isn’t doing it – The US is holding this up…I told you these people can’t do anything without permission from the US… FROM OTHER SOURCES: Al-Shammari: America Punishes Iraq With Dollars To Topple The Government. ARTICLE: Member of the Popular Legal Movement, Ahmed Shahid Al-Shammari, confirmed today, Wednesday, that the US is punishing Iraq with Dollars for many reasons. Al-Shammari said in an interview with a news agency, “The continued rise of the Dollar is aimed at targeting Prime Minister Muhammad Shia’ al-Sudani & his government.” He added, “The Presidency of Parliament did not perform its real role in discussing the issue of the rise in the Dollar ER by hosting those concerned & developing appropriate solutions.” He pointed out that “the rise in the price of the Dollar on the black market has become a major concern among popular circles,” stressing that “the rise in the sale of the Dollar is intentional & the US stands behind it to target the Sudanese & his government.” Representative Hadi Al-Salami warned of the repercussions of losing control over the ER in the parallel market for the Dollar after it exceeded the barrier of 163 Dinars per 100 Dollars.
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