Saturday, December 23, 2023

"RV UPDATE" BY CLARE, 23 DEC

 Clare: Sudanese Advisor: Discussions with 5 countries to import factories in exchange for sovereign guarantees

12/21/2023

Today, Thursday, the Prime Minister’s Advisor for Technical Affairs, Muhammad Sahib Al-Daraji, revealed discussions between Iraq, Germany, Italy, Spain, Japan, and China to import factories in exchange for sovereign guarantees.

Al-Daraji said in a statement, “There is a committee formed under the direction of Prime Minister Muhammad Shiaa Al-Sudani to implement a paragraph in the budget that stipulates granting the government sovereign guarantees in favor of importing production lines and agricultural equipment for the Iraqi private sector.”

He added, "The government is in the process of agreeing with Germany, Italy, Japan, China, and Spain, in addition to the Islamic Development Bank, to supply factories to Iraq in exchange for sovereign guarantees and to manage them by the private sector."

The Prime Minister's Advisor for Technical Affairs described it as "excellent for strengthening the Iraqi economy and changing its performance philosophy."   LINK


Clare » December 20th, 2023

The Iraqi Trade Bank decides to stop working on money transfers, starting next Sunday

12/20/2023

The Iraqi Trade Bank decided to stop working on financial transfers, starting next Sunday

In a statement, a copy of which {Al-Furat News} received, the bank explained the reason for stopping work on financial transfers: “For purposes related to the annual inventory, it was decided to stop work on money transfers starting from Sunday, 12/24/2023,” noting that “the last date for receiving financial transfer requests will be on Thursday, 12/21/2023.

He added, “This service will resume work on Wednesday, 01/03/2024.”  LINK

https://dinarevaluation.blogspot.com/2023/12/analysis-of-iraq-news-by-clare-21-dec.html 

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