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Expert: The China agreement cannot be implemented amid political corruption in Iraq ... Washington's approval is necessary


yota691
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Iraq begins work on two projects within the Chinese agreement
 
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Financial advisor to the Prime Minister Dr. Mazhar Muhammad Salih «Al-Iqtisad News»
 
 
http://economy-news.net/content.php?id=18720
 
 

Economy News - Baghdad

The financial advisor to Prime Minister Mazhar Muhammad Salih said that Iraq started working on two vital projects in the oil and energy sectors within the agreement signed with the Chinese side.

Saleh said in a dialogue held in cooperation with the Iraqi Economic and Political Center, that "the agreement entered into force as of the first of October and since the beginning of this year, nearly half a billion dollars has entered the balance of the sovereign account of Iraq with China."

He pointed out that this return is the result of "exporting 100 thousand barrels per day" and it will be spent to finance infrastructure projects in Iraq.

The financial advisor emphasized that "Iraq started working on two projects within the Chinese agreement, namely; building a project of a thermal power station in northern Baghdad with a capacity of 1400 megawatts and a project for strategic oil storage in southern Iraq."

He pointed out that the agreement with China extends for 20 years to rebuild dilapidated infrastructure in Iraq.

Saleh added that Iraq is likely to raise its oil exports to China to 300 thousand barrels per day instead of 100 thousand b / d if he sees his interest as necessary.

 
Number of views 223 Date added 08/01/2020
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The government requires ministries and provinces to disclose the infrastructure for inclusion in the Chinese agreement

http://almasalah.com/ar/news/185747/الحكومة-تطالب-الوزارات-والمحافظات-بكشوفات-البنى-التحتية-لإدراجها-بالاتفاق-الصيني

Baghdad / Obelisk: On Wednesday, January 8, 2020, the Prime Minister's Office sent a book regarding the follow-up to the Iraqi-Chinese agreement and to update project data or add other projects.

According to the official news agency, the book provides for addressing all ministries and governorates to kindly provide the relevant basic infrastructure projects, with accurate detailed statements, that include projects for schools, hospitals, roads, bridges, water services, sewage, and any other related projects, provided that they arrive Answer within a period of 15 days from the date of issuance of the book 1/8/2020.

Earlier, Prime Minister Adel Abdul-Mahdi had stressed that the Chinese agreement would be implemented without hesitation, and that the agreement with China had become a public opinion issue.

With the Secretariat of the Council of Ministers confirmed earlier that Iraq has signed eight agreements and memoranda of understanding and cooperation with China as part of its endeavor to achieve a historic economic and developmental jump.

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Edited by 6ly410
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http://almasalah.com/ar/news/185859/الكشف-عن-اتفاق-العراق-والصين-يدخل-حيز-التنفيذ-بعد-تصدير-100-ألف-برميل-نفط-لبكين

 

01/10/2020 13:32

 

Disclosure of the Iraq-China agreement comes into effect after the export of 100 thousand barrels of oil to Beijing

 

Baghdad / Obelisk: On January 10, 2020, the deputy of the Al-Fateh Hanin Al-Qadu Coalition announced the start of implementation of the Iraqi-Chinese agreement concluded by the Adel Abdul-Mahdi government before its resignation.

Al-Kiddo said in a press statement, followed by "Al-Masala", that "against the background of the start of the implementation of the Iraqi-Chinese agreement, the Iraqi government exported 100,000 barrels of oil to Beijing for the start of construction."

He added, "Parliament does not oppose the beginning of the implementation of the government agreement with China, although it was not submitted before implementation to parliament for review and voting on it."

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Edited by 6ly410
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A deputy confirms that the (Iraqi - Chinese) agreement will enter into force

By ahad5 10/01/2020 05:55 PM

https://alahadnews.net/index.php/permalink/197340.html

image.png.b72556c3d4be2090e5367bedd930300a.png

 

Al-Ahed News- Baghdad

Member of the Iraqi Council of Representatives, Representative Kazem Al-Sayyadi, confirmed today, Friday, that the (Iraqi - Chinese) agreement has entered into force.

And the fisherman said in his tweet to him on Twitter, followed by "Al-Ahed News", that " the (Iraqi-Chinese) agreement entered into force."

He added, "The Iraqi government has started exporting oil to Beijing for the purpose of launching the reconstruction campaign." End / 5

 

 

image.png.8878b4a67f62a03d4c3ee452ba684e7f.png

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  • yota691 changed the title to The activation of the "oil-for-construction" agreement between Iraq and China begins

The activation of the "oil-for-construction" agreement between Iraq and China begins

The activation of the "oil-for-construction" agreement between Iraq and China begins
oil
 January 11, 2020 02:21 PM

 

Direct: The head of the Iraqi Parliamentary Commission on Economy and Investment announced the entry of the oil-for-construction agreement concluded by the Adel Abdul-Mahdi government with China into effect, describing it as "tremendous, giant and unparalleled."

Ahmed Salim Al-Kinani said, according to the Iraqi "Alsumaria News" channel, today, Saturday, that the Iraq agreement with China is unparalleled over time in the economic and political history of Iraq, according to the Middle East News Agency, "ASA".

Salim pointed out that this agreement included many provisions in addressing all sectors, especially infrastructure and services in projects of large water drainage networks, roads and bridges, as well as in the field of health in establishing large and modern hospitals and educational hospitals and in the field of education by establishing schools, universities and educational institutes.

He continued, as the agreement will enter in the field of communications and technology to eliminate corruption and bureaucracy, and in the field of developing agriculture and activating the industrial sector.

The head of the committee added that the Iraqi-Chinese agreement also included all strategic projects, including the implementation of the large "Faw" port and other projects submitted by the Baghdad government as part of a feasibility study that serves the public interest.

Al-Kanani said that the agreement includes Iraq opening a joint account between Baghdad and Beijing in a Chinese bank, and through which Iraq begins to export and sell oil to Chinese companies with a quantity of 100 thousand barrels per day deposited in this joint account, in addition to calculating profitable interest on these funds Within the internationally known banking context, the China Export Corporation will support the agreed projects within a credit framework and not a loan, which serves the country to implement these projects.

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Editing Date: 1/8/2020 19:54 • 245 times read
Iraq begins depositing money with China and increasing its oil exports to it
[Baghdad-Ain]
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, said that Iraq started working on two vital projects in the oil and energy sectors within the agreement signed with the Chinese side.
Saleh said in a dialogue held in cooperation with the Iraqi Economic and Political Center, that "the agreement entered into force as of October 1 and since the beginning of this year, nearly half a billion dollars has been entered into the balance of the sovereign account of Iraq with China."

He pointed out that "these revenues result from the export of 100 thousand barrels per day and will be spent to finance infrastructure projects in Iraq."

The financial advisor emphasized that "Iraq started work on two projects within the Chinese agreement, namely; building a project for a thermal power station in northern Baghdad with a capacity of 1400 megawatts and a project for strategic oil storage in southern Iraq."

He pointed out that the agreement with China extends for 20 years to rebuild dilapidated infrastructure in Iraq.
On September 23, Iraq and China signed eight agreements and memoranda of understanding. The agreements and memoranda of understanding included the financial, commercial, and security fields, construction, communications, culture, education and foreign affairs.

In the forefront of the agreements and memoranda of understanding signed, the agreement to implement the framework agreement mechanisms between the Ministry of Finance and the Chinese Credit Guarantee Agency (Sainh Shore), the Economic and Technical Cooperation Agreement, and a memorandum of understanding between the Iraqi Ministry of Finance and the Chinese Ministry of Commerce on cooperation for post-war reconstruction in Iraq, and a memorandum of understanding between The Ministry of Communications and the Chinese Office of Satellite Navigation, a security memorandum of understanding between the Iraqi Ministry of Interior and General Security in China, and a memorandum of understanding between the Iraqi and Chinese foreign ministries regarding the lands designated for the two diplomatic missions , And a memorandum of understanding between the Ministry of Higher Education and the Information Office of the State Council to establish the Chinese Library at the University of Baghdad, and a memorandum of understanding on the executive program for cultural cooperation.
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23 hours ago, 6ly410 said:

A deputy confirms that the (Iraqi - Chinese) agreement will enter into force

 

 

1 hour ago, yota691 said:

 

1 hour ago, yota691 said:

 

Thanks 6ly410 & Yota..! 

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01/11/2020 09:53
 

Parliamentary Economy: The Iraq-China Agreement enters into force

Baghdad / Obelisk: Head of the Parliamentary Economy and Investment Committee, Ahmed Salim Al-Kinani, confirmed on Saturday, January 11, 2020, that the agreement signed by Iraq in China last September will enter into force, describing the agreement as a giant, giant and unparalleled.

Kanani said in a statement received to the obelisk, that "the Iraq agreement with China has entered into implementation, which is a tremendous agreement unparalleled over time in the economic and political history of Iraq that did not get such an agreement for oil in exchange for construction, and that everyone knows the role of China in the economy The world has the largest presence in all economic sectors, and it is considered the second largest global economy with a total output estimated at $ 8.8 trillion according to the purchasing power scale and is the fastest growing large economy in 30 years.

He added, "This agreement included many provisions in addressing all sectors, especially infrastructure and service in projects of large water drainage networks, roads and bridges, as well as in the field of health in establishing large and modern hospitals and educational hospitals and in the field of education by establishing schools, universities and educational institutes in the field of communications and technology for the judiciary On corruption and bureaucracy, and in the field of developing agriculture and activating the industrial sector, this giant agreement included all strategic projects, including the implementation of the Grand Faw port and other projects presented by the Government of Iraq as part of a feasibility study that serves Public good. "

He continued, "Within this agreement, Iraq opens a joint account between Iraq and China in a Chinese bank, and Iraq begins to export and sell oil to Chinese companies with an amount of 100,000 barrels per day deposited in this joint account, in addition to calculating profit interest on this money within the banking context Known globally, and the China Export Corporation supports the agreed projects within a credit framework and not a loan, which serves Iraq to implement these projects.

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Parliamentary Economy Committee: Iraq’s agreement with China is a tremendous and unparalleled

4,358 views

President of the Parliamentary Economy and Investment Committee, Ahmed Salim Al-Kinani, confirmed on Saturday that the agreement signed by Iraq in China last September will enter into force, describing the agreement as "giant, giant and unparalleled."

Kanani said in a statement, Alsumaria News received a copy of it, that "the Iraq agreement with China has entered into implementation, which is a tremendous agreement unparalleled over time in the economic and political history of Iraq , he did not get such an agreement (oil for construction), and that everyone knows China’s role in the global economy and it has the largest presence in all economic sectors, and is considered the second largest global economy with a total output estimated at 8.8 trillion dollars according to the purchasing power scale and is the fastest growing large economy in 30 years ago.


He added, "This agreement included many provisions in dealing with all sectors, especially infrastructure and service in projects of large water drainage networks, roads and bridges, as well as in the field of health in establishing large and modern hospitals and educational hospitals and in the field of education by establishing schools, universities and educational institutes in the field of communications and technology for the judiciary On corruption and bureaucracy, and in the field of developing agriculture and activating the industrial sector, this giant agreement included all strategic projects, including the implementation of the Grand Faw port and other projects presented by the Government of Iraq as part of a feasibility study that serves Public good. "
 


He continued, saying: "Within this agreement, Iraq opens a joint account between Iraq and China in a Chinese bank, and Iraq begins to export and sell oil to Chinese companies with a quantity of 100 thousand barrels per day deposited in this joint account, in addition to calculating profit interest on this money within The banking context known internationally and the China Export Corporation supports the agreed projects within a credit framework and not a loan, which serves Iraq in implementing these projects.

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61802.jpg.a34ab938297e4262a3cc0033aaa3ac94.jpg

 

 
01/12/2020 15:01

Abdul Mahdi's office directs a generalization to the ministries on the Iraqi-Chinese agreement

http://almasalah.com/ar/news/185981/مكتب-عبد-المهدي-يوجه-اعماماللوزارات-بشأن-الاتفاقية-العراقية-الصينية

 

Baghdad / Obelisk: The office of the head of the caretaker government, Adel Abdul-Mahdi, on Sunday January 12, 2020, addressed generals to all ministries and governorates regarding the implementation of the Iraqi-Chinese agreement.

A document issued by Abdul-Mahdi's office stated, "The execution comes with the aim of following up the Iraqi-Chinese agreement and updating project data or adding other projects."

She added, "Please provide us with the relevant basic infrastructure projects, with accurate detailed statements, that include the projects of schools, hospitals, roads, bridges, water and sewage services, and any other projects."

The first deputy speaker of Parliament, Hassan Al-Kaabi, had called, on Tuesday, January 7, 2020, the need to proceed with the implementation of the Iraqi-Chinese agreements concluded by the current government in Beijing from now, especially as they provide great opportunities for the reconstruction of Iraq, stressing the cooperation of the legislative and executive authorities to develop all procedures related to By agreement, it will facilitate the entry of major investment companies into the country.

The media office of Al-Kaabi said in a statement received by the obelisk, "This came during his reception at his office, the Chinese Ambassador to Iraq Zhang Tao and his accompanying delegation, who in turn confirmed his country's readiness and the readiness of 100% investment companies to begin translating the agreements and expedite their implementation." China supports efforts to preserve the sovereignty and territorial integrity of Iraq.

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  • yota691 changed the title to Expert: The China agreement cannot be implemented amid political corruption in Iraq ... Washington's approval is necessary
12-01-2020 06:31 PM
image.php?token=cf165f7c3a2f9c5aac2cab804047101f&c=2524980&size=
 


 

Baghdad - news

The expert and professor of international economics at Baghdad University, Mezher Obaid, said today, Sunday, that it is difficult to implement the agreement with China amid political corruption in Iraq, stressing the need for approval from Washington to implement it on the ground.

Obaid said, in an interview with "Al-Akhbaria": It is difficult to implement these agreements smoothly inside Iraq amid political corruption and strong dominant rampant influence of influential people in the joints of the state, with a deadly and chronic routine that does not allow the flow of work and its transparency, "noting that the internal economic, social and political environment does not allow Passing those agreements or allowing the presence of international companies inside Iraqi cities. "

He added: "The implementation of economic agreements only passes through the American portal. Without their approval, this matter will never happen, and the politicians of Iraq or the economic legislator should be aware of this issue and not cross it." He asked: "Can Abdul Mahdi secure the safety of Chinese or other companies inside cities?" ? "

The economist stressed: "The political and economic issue in Iraq is subject to the hands of the United States, and the latter needs firm guarantees to work with it alone only, and it is concerned about the division of the state between Tehran and Washington."

It is noteworthy that China confirmed through its ambassador to Baghdad its full readiness and readiness to implement the agreement with Iraq, as this came after the call of the first deputy speaker of the Iraqi Parliament, Hassan Al-Kaabi, to expedite the implementation of the agreement between Iraq and China because of its many positives reflected on the economic reality.

And the head of the caretaker government, Adel Abdul-Mahdi, in an official letter published by "Al-Akhbaria" earlier, called on the ministries to send all proposed and necessary projects that must be included in the plan to implement the agreement in the coming period.

It is noteworthy that the head of the Parliamentary Economy and Investment Committee, Ahmed Salim Al-Kinani, said in a press statement that he followed "Al-Akhbariya": "The Iraq agreement with China entered into implementation, which is a tremendous agreement unparalleled over time in the economic and political history of Iraq that did not get such a thing." The (oil-for-construction) agreement, and everyone knows the role of China in the global economy and has the largest presence in all economic sectors, and is considered the second largest global economy with a total output estimated at 8.8 trillion dollars according to the purchasing power scale and is the fastest growing large economy in 30 years ago.

He added, "This agreement included many provisions in addressing all sectors, especially infrastructure and service in projects of large water drainage networks, roads and bridges, as well as in the field of health in establishing large and modern hospitals and educational hospitals and in the field of education by establishing schools, universities and educational institutes in the field of communications and technology for the judiciary On corruption and bureaucracy, and in the field of developing agriculture and activating the industrial sector, this giant agreement included all strategic projects, including the implementation of the Grand Faw port and other projects presented by the Government of Iraq as part of a feasibility study that serves Public good. "

According to local economic statistics, China is the largest importer of Iraqi oil, at about 800 thousand barrels per day, and the volume of trade exchange between the two countries reaches thirty billion dollars annually, so reaching the oil-for-construction formula will not be difficult, especially if it is certified. Expectations to increase Iraqi oil production during the current year.

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Close The Central Bank of Iraq opens 4 accounts with the US Federal Bank for the purpose of starting to implement the Chinese agreement

by othman abu khadra Iraq news 15 hours ago

%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9

https://altaghier.tv/2020/01/13/وثيقة-البنك-المركزي-العراقي-يفتح-4-حسا/

 

The Department of Investments and Foreign Remittances at the Central Bank of Iraq announced the completion of the opening of four accounts with the American Federal Bank for the purpose of starting the implementation of the framework agreement with the Chinese Government Export and Credit Guarantee Agency.

The Central Bank of Iraq confirmed in a letter addressed to the Prime Minister’s Office, to inform it of depositing the amounts of oil shipments issued under the above agreement by the Sumo Oil Marketing Company in the accounts of the Central Bank of Iraq, which amounted to four hundred and eighteen million and ten thousand eight hundred and sixty-seven American countries and twenty-four cents for the month of October The first and the second of October.

The Central Bank of Iraq called on the Prime Minister’s Office to inform him of the start of implementing the agreement for the purpose of completing the contract with an investment company to monitor the accounts.

Edited by 6ly410
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Parliamentary services and construction discusses the Reconstruction Council bill

On Monday 13/12020, the Committee for Services and Reconstruction, headed by MP Walid Al-Sahlani, and its members attended a meeting in which a number of important files were discussed.

During the meeting held at the committee’s headquarters, the Iraqi Reconstruction Council bill was discussed, and extended workshops were held to mature the law before it was presented to the Council for a vote, in addition to discussing ways to implement the agreement concluded between Iraq and China.

On the other hand, the committee discussed the status of the Baghdad Municipality in terms of finding alternatives, due to the lack of authority to sign the stalled projects, as the committee decided to emphasize the previous address to the Presidency and the Council of Ministers to find appropriate solutions to this issue.

Parliament,
Information
Department 13/1/2020

http://ar.parliament.iq/2020/01/13/الخدمات-والاعمار-النيابية-تناقش-مشرو/

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Member of Parliamentary Finance: The framework agreement with China is invalid and violates the constitution

Member of Parliamentary Finance: The framework agreement with China is invalid and violates the constitution

 

Economie

2020-01-14 | 03:10

1,756 views

Member of Parliamentary Finance Committee Hoshyar Abdullah, on Tuesday, warned against the implementation of the framework agreement between Iraq and China because it is considered "invalid" and was not ratified by the House of Representatives, considering that not passing it to Parliament is a clear "constitutional violation" by the executive authority.

Abdullah said in a statement, Alsumaria News received a copy of it, that "the implementation of the framework agreement is contrary to Article 61 of the Constitution (paragraph IV), which states that the organization of the process of ratification of treaties and agreements is the prerogative of the House of Representatives, and since this agreement has not been passed In the House of Representatives and the House has not ratified it, its implementation is a clear constitutional violation by the executive branch, and it undermines the work of Parliament and cancellation of its role.

https://www.alsumaria.tv/news/اقتصاد/331517/عضو-بالمالية-النيابية-الاتفاقية-الإطارية-مع-الصين

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On the one hand, Ye Olde, er, NEW Silk Road Trade via the Chinese Belt AND Road Initiative WITH Chinese investment IN Iraq is inevitable AND necessary.

 

On the OTHER hand, the principles AND mechanisms for how THAT is applied involve OTHER key actors LIKIE The United States Of America.

 

On 1/12/2020 at 2:53 PM, yota691 said:

The expert and professor of international economics at Baghdad University, Mezher Obaid, said today, Sunday, that it is difficult to implement the agreement with China amid political corruption in Iraq, stressing the need for approval from Washington to implement it on the ground.

 

As Yota highlighted:

 

On 1/12/2020 at 2:53 PM, yota691 said:

He added: "The implementation of economic agreements only passes through the American portal. Without their approval, this matter will never happen, and the politicians of Iraq or the economic legislator should be aware of this issue and not cross it."

 

Necessary Banking COULD Be Problematic, TOO!!!:

 

22 hours ago, 6ly410 said:

Close The Central Bank of Iraq opens 4 accounts with the US Federal Bank for the purpose of starting to implement the Chinese agreement

 

SO..............................................................................................

 

Hmmmmmmmmmmmmmmmm...........................................

 

Does The United States Of America have ANY "say" AND/OR "influence" IN THEE Bicraqi Iraqi Dinar ReInstatement INTERNATIONALLY WITH THEE US Federal Bank (I am assuming to mean US Federal Reverse, er, Reserve Bank) INVOLVED???!!!

 

Well, OK, THEE US Federal Reverse, er, Reserve Bank IS NOT A The United States Of America Corporation BUT has related affairs WITH The United States Of America Treasury. The United States Of America Treasury WAS AT THEE Bicraqi Iraqi CBI in January 2020 AND COULD STILL BE THERE five (5) YEARS LATER!!!

 

With The United States Of America AND China to sign the Phase One Trade Deal TOMORROW, Wednesday, January 15, 2020, it MAY "trigger" "events" OF "interest" TOMORROW OR SHORTLY THEREAFTER!!!

 

MY (NOTE: MY) opinion is ALL this IS Good News AND further support for what WE are ANTICIPATING!!!

 

YYYEEEAAAHHH BBBAAABBBYYY!!!!!!!!!!!!!!!!!!!!!

 

Go Moola Nova!

:pirateship:

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Just now, Floridian said:

@Synopsis I have a question.  

 

Can't the Iraqis pay the Chinese in dollars?  

Unless, of course, the U.S. no longer allows that.

Are you thinking President Trump will not let them use dollars anymore and therefore, force the RV?

 

:twothumbs: Great Question, Floridian, AND The Very Best To You!!! :tiphat:

 

I'm NO expert BUT where would the USD come from???!!!

 

THEE Bicraqi Iraqi Budget(s) have ALWAYS been in deficit AND THEE Bicraqi Iraqi CBI Reserves WOULD BE DEPLETED GRADUALLY.

 

Well, OK, let's lookie HERE at some mythical math:

 

100,000 Barrels Of Bicraqi Iraqi Oil /day x 365 days / year x $50 USD / Barrel = 1.825 BILLION USD / year

 

In MY (NOTE: MY) opinion, THEE 100,000 Barrels Of Bicraqi Iraqi Oil per day is for:

 

On 1/12/2020 at 2:53 PM, yota691 said:

He added, "This agreement included many provisions in addressing all sectors, especially infrastructure and service in projects of large water drainage networks, roads and bridges, as well as in the field of health in establishing large and modern hospitals and educational hospitals and in the field of education by establishing schools, universities and educational institutes in the field of communications and technology for the judiciary On corruption and bureaucracy, and in the field of developing agriculture and activating the industrial sector, this giant agreement included all strategic projects, including the implementation of the Grand Faw port and other projects presented by the Government of Iraq as part of a feasibility study that serves Public good. "

 

and sounds about right. The balance of THEE eighty-eight (88) BILLION USD FOR "reconstruction" still needs to occur WITH THE AID OF FOREIGN INVESTMENT.

 

So, OK, MY (NOTE: MY) "simpleton" "mental" "model" "suggests" THEE Bicraqi Iraqi Dinar MUST GO INTERNATIONAL FOR SUSTAINED Safety, Security, Stability, AND Sovereignty IN Iraq FOR reconstruction, construction, and economic development VIA FOREIGN INVESTMENT.

 

Hence, MY (NOTE: MY) view is The United States Of America AND China Phase One Trade Deal MAYBE BABY THEE "trigger" FOR Ye Olde, er, NEW Silk Road Trade VIA THEE Chinese Belt AND Road Initiative TO KICK IN HIGH GEAR!!!

 

LET'S GET THIS BABY STARTED!!!!!!!!!!!!!!!!!!!!!

 

YYYEEEAAAHHH BBBAAABBBYYY!!!!!!!!!!!!!!!!!!!!!

 

Go Moola Nova!

:pirateship:

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“He pointed out that "these revenues result from the export of 100 thousand barrels per day and will be spent to finance infrastructure projects in Iraq."

 

interesting.! 
iraq is paying China with oil to finance infrastructure projects in Iraq.

This is very good for Iraq, because production cost per barrel in Iraq is really low. Around $10pb.

 

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26 minutes ago, Synopsis said:

 

Hence, MY (NOTE: MY) view is The United States Of America AND China Phase One Trade Deal MAYBE BABY THEE "trigger" FOR Ye Olde, er, NEW Silk Road Trade VIA THEE Chinese Belt AND Road Initiative TO KICK IN HIGH GEAR!!!

 

 

 

But, if they are giving the Chinese oil, and the Chinese have to use Petro Dollars to pay for it, why do they have to revalue the dinar for that?

Believe me, I really want them to revalue the dinar.  Just trying to figure out why the China deal could be a trigger. 

According to this article, I don't see it as a reason to revalue.  What am I missing?

 

http://economy-news.net/content.php?id=18720

 

"Saleh said in a dialogue held in cooperation with the Iraqi Economic and Political Center, that "the agreement entered into force as of the first of October and since the beginning of this year, nearly half a billion dollars has entered the balance of the sovereign account of Iraq with China."

He pointed out that this return is the result of "exporting 100 thousand barrels per day" and it will be spent to finance infrastructure projects in Iraq."

 

 

Edited by Floridian
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2 hours ago, Floridian said:

But, if they are giving the Chinese oil, and the Chinese have to use Petro Dollars to pay for it, why do they have to revalue the dinar for that?

Believe me, I really want them to revalue the dinar.  Just trying to figure out why the China deal could be a trigger. 

According to this article, I don't see it as a reason to revalue.  What am I missing?

 

 

On 1/11/2020 at 9:31 AM, 6ly410 said:

Kanani said in a statement received to the obelisk, that "the Iraq agreement with China has entered into implementation, which is a tremendous agreement unparalleled over time in the economic and political history of Iraq that did not get such an agreement for oil in exchange for construction, and that everyone knows the role of China in the economy The world has the largest presence in all economic sectors, and it is considered the second largest global economy with a total output estimated at $ 8.8 trillion according to the purchasing power scale and is the fastest growing large economy in 30 years.

 

2 hours ago, Synopsis said:

Well, OK, let's lookie HERE at some mythical math:

 

100,000 Barrels Of Bicraqi Iraqi Oil /day x 365 days / year x $50 USD / Barrel = 1.825 BILLION USD / year

 

:twothumbs: ANOTHER Great Question, Floridian, AND The Best Of Your Day To You!!! :tiphat:

 

Sumore mythical math:

 

8.8 TRILLION USD / year / 1.825 BILLION USD / year = 4,822 OR 482,200%

 

WOWZERS!!!

 

Yet MORE mythical math:

 

SAY, for illustration purposes ONLY, China has an ADDITIONAL 1.825 TRILLION USD / year passing THROUGH Iraq FOR INTERNATIONAL TRADE. THEN.................................................................

 

1.825 / 8.8 = 21% INCREASE ON THEE CHINESE ECONOMY DUE TO EXPORTS AND......................................

 

1.825 TRILLION USD / year / 1.825 BILLION USD / year = 1,000 OR 100,000%

 

NOW WHO, pray tell, WOULD NOT WANT TO MAKE A 100,000% ON THEIR INVESTMENT???!!!

 

ANYONE???!!!

 

in MY (NOTE: MY) opinion, as WEALTHY as Iraq is in natural resources FAR BEYOND JUST THE OIL AND BEING STRATEGICALLY LOCATED ECONOMICALLY.................................................................

 

THEE ONLY WAY TO MAKE THE Bicraqi Iraqi Dinar TO WORK RIGHT IS INTERNATIONALLY DUE TO TRADE.

 

I hearken back to Former President Tricky AND Mousy Dung. WHY, pray tell, OPEN UP CHINA???!!! MY (NOTE: MY) opinion is WHIRLED WIDE GLOW BULL MONEY FLOWS DUE TO INTERNATIONAL TRADE ARE NECESSARY TO AVOID BANKRUPTING ANY COUNTRY LIKE FRANCE TRIED TO DO IN 1971 BY TRYING TO REDEEM USD GOLD CERTIFICATES FOR PHYSICAL GOLD.

 

Former President Tricky said, "Nuh uh, WE ARE GOING FIAT AND I AM GOING TO TALK TO THE CHINESE TO FIX THIS PROBLEM WITH WHIRLED WIDE GLOW BULL TRADE AND MONEY FLOWS!!!"!!!

 

SO, Wednesday, January 15, 2020 when The United States Of America AND China Phase One Trade Deal Is Signed MAY BE BABY THEE "trigger" SO THE UNITED STATES OF AMERICA IS NOT BANKRUPTED DUE TO LEGACY BRETTON WOODS AND SUBSEQUENT AGREEMENTS.

 

YYYEEEAAAHHH BBBAAABBBYYY!!!!!!!!!!!!!!!!!!!!

 

HOWEVER.........................................................................

 

Could be somethin'. Could be nuttin'.

 

In The Mean Time................................................................................

 

The "Standard" Disclaimer" Applies....................................................

 

AND (of course)...................................................................................

 

Go Moola Nova (YEAH AND YEE HAW, BABY, READY WHEN YOU ARE BROTHER (OR SISTER) - LET 'ER BUCK!!!)!!!

:rodeo:   :pirateship:

 

Edited by Synopsis
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