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"TINK AND I WENT THROUGH THE TUNNEL OF THE SUEZ CANAL, IT IS MASSIVE... AND SO IS ITS FINANCIAL POTENTIAL!!!" BY FRANK26, 8 APRIL

 KTFA

FRANK26: "TINK AND I WENT THROUGH THE TUNNEL OF THE SUEZ CANAL, IT IS MASSIVE... AND SO IS ITS FINANCIAL POTENTIAL!!!"...........F26

Iraq will become an "alternative" to the Suez Canal

4/5/2024

Reports published by Reuters International and Splash News Agency, today, Thursday, described the large Al-Faw port project, which was expected to be completed next year, as “an alternative to the Suez Canal,” stressing that “Iraq will become, during the next few years, a “center” for international trade between the East and the Middle East.” And the West.” 

 

Reuters said, according to a report translated by NRT Arabic, that the Gulf countries are fully aware of the economic development taking place in Iraq, which is expected to increase soon with the completion of the Al-Faw port project and “huge” business projects, including Gulf investments in the country through the establishment of residential complexes and tourist hotels, indicating, “The Gulf has begun... "He is testing the waters by transferring his international investments to Iraq." 

 

She continued, "According to Gulf expectations, Baghdad will become one of the most important Arab capitals for the next twenty-five years," explaining what Splash Agency reported about the expected development of the Iraqi economy through the end of the Al-Faw port, which she said would turn Iraq into an "alternative" to the Suez Canal and an international trade corridor connecting Between East and West. 

 

The agency also confirmed that the new port will be able to receive goods and goods and transport them through Iraq to Turkey and then Europe in a “huge and unprecedented” manner by receiving cargo ships and giant oil tankers, which will “contribute” to transforming Iraq into an oil export center in addition to its new location as an alternative. About the Suez Canal, according to its description. 

 

The agency also noted that the Al-Faw port project, which has been stalled since 2010, is expected to end next year with the Iraqi authorities insisting on ending it after concluding an agreement with Turkey to establish railways and roads worth $17 billion, ensuring that the two countries will transform into a commercial transport point. Goods and commodities between the continents of Europe and Asia. 

 

It is noteworthy that the agency also indicated that the limited transportation of ships through the Suez Canal, which allows the passage of a small number of tankers and giant trucks, will help transform the large Al-Faw port and its transportation route into a “suitable alternative” that allows the movement of very large quantities of goods and commodities without long waiting periods, according to the agency. Describe it.

 

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"RV UPDATE" BY FNU LNU, 8 APRIL

"RV UPDATE" BY FNU LNU, 3 APRIL

 Fnu Lnu 

   Article quote: "Al-Kadhimi indicated that increasing the budget’s overall amount, from 199 trillion Iraqi dinars (nearly $152 billion) to 228 trillion Iraqi dinars (approximately $174.04 billion), resulted in a rise in the deficit, revealing that the budget is still being discussed in the Council of Ministers and would likely be presented to the Iraqi Parliament next month."   It would logically follow that a revaluation would be likely before next month's USA confab.

 [Response to Pimpy's HCL non-revenue sharing post from 3-31-2024 below]  

The notion of revenue-sharing is nothing new in the Middle East.  Bruni and Kuwait both do it...Revenue Watch Middle East Director Yahia Said recently returned from several months in Iraq working on the International Compact with the UN...This USIPeace Briefing summarizes the discussion.  Many Iraqi citizens look to the law for what it can contribute to reconciliation, security, and welfare. The three parts of the agreement will deal with the issues of 1) revenue sharing; 2) restructuring of the ministry of oil; and 3) establishing the Iraqi National Oil Company (INOC). 

  It is quite clear that the HCL has intentions to codify the issue of welfare (not for government) and the number 1 issue is REVENUE SHARING.  To be more specific; Section 1314 of the FY2007 Supplemental Appropriations Act [P.L.110-28] specifically identified the enactment and implementation of legislation  “to ensure the equitabledistribution of hydrocarbon resources of the people of Iraq without regard to the sect or ethnicity of recipients” and “to ensure that the energy resources of Iraq benefit Sunni Arabs, Shia Arabs, Kurds, and other Iraqi citizens in an equitable manner” as benchmarks . 

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-fnu-lnu-2-april.html

Iraqi Dinar ✅ Rafidain Bank🏦 Great News For IQD💰 Holders New Rate On Scr...

Baghdad launches 430 billion dinars of Kurdistan region salary funding, 8 APRIL

Baghdad launches 430 billion dinars of Kurdistan region salary funding

  The Ministry of Finance of the Kurdistan Region announced the deposit of 430 billion dinars of salaries from Baghdad in the bank account of the ministry.

According to the statement of the Ministry of Finance of Kurdistan, “Recently, an amount of 430 billion and 109 million dinars has been deposited by the Ministry of Finance of the Iraqi government on the bank account of the Ministry of Finance and Economy in the Kurdistan Region in the Erbil branch of the Central Bank of Iraq.”

The funds, as stated in the statement, are part of the monthly salary of employees in the Kurdistan Region.

The Federal Ministry of Finance announced yesterday the launch of salary funding for employees of the Kurdistan Region for the month of March, “because the mechanism of completing the settlement of their salaries requires an additional period of time.”

https://alforatnews.iq/news/بغداد-تطلق-430-مليار-دينار-من-تمويلات-رواتب-إقليم-كردستان

"LIKE WE SAID KTFA... SUDANI MAINLY TALKS ABOUT THE MONETARY REFORM TO WASHINGTON!!! BY FRANK26, 8 APRIL

 KTFA

FRANK26:"LIKE WE SAID KTFA... SUDANI MAINLY TALKS ABOUT THE MONETARY REFORM TO WASHINGTON!!!"............F26 

Advisor to the Association of Private Banks: Al-Sudani will discuss the sanctions file on 28 banks in Washington

 

 

4/5/2024
 Baghdad
 

Advisor to the Association of Private Banks, Samir Al-Nusairi, announced that the US sanctions on 28 banks constitute one of the important files on the agenda of Prime Minister Muhammad Shiaa Al-Sudani during his visit to Washington.

Al-Nusairi said in an interview followed by Al-Eqtisad News, “During his visit to Washington, during which he will be accompanied by a delegation from the Central Bank and the banking sector, Al-Sudani will discuss the sanctions and restrictions imposed by the United States on the 28 banks, which deprived them of dealing in the US dollar.”

He believed that these sanctions and restrictions constitute “one of the important files that the Prime Minister carries with him to Washington,” indicating that the file “falls within the financial and banking reform stipulated in the Prime Minister’s government program.”

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"I lost my receipt, is that going to be a problem?" by FRANK26, 7 APRIL

 Frank26 

 Question "I lost my receipt, is that going to be a problem?" 

 Yeah that's a problem when you get  audited but that's the only time it's a problem. 

 When you get audited they're gong to ask you when did you buy that and if you've held your dinar for one year and have proof of a receipt you'll probably be in the 20% but if you have held it for one year and you don't have a receipt you'll probably be in the 40%. 

 I'd rather pay $200,000 on a million than $400,000.  

You lost your receipt?   Call the person you bought it from to see if their records have it...Did you write a check?  Got to your bank and ask...please look  up my check statement on this date on this month on that year...  

https://dinarevaluation.blogspot.com/2024/04/i-lost-my-receipt-is-that-going-to-be.html

Iraqi Dinar🔥Very Huge 🔥 World Bank🏦 News🔥 RV Update 2024🔥Director of w...

"RV UPDATE" BY TEXAS SNAKE, 22 APRIL

 TEXAS SNAKE

Okie had some positive news earlier today, thought we would hear some indication of the new rate when the Premier returned to his country from his visit to the US, the banker is assisting his hospitalized wife in CA so very little news from him so I guess we wait for FOREX to open,

 but again sports fans we appear to be very close, so say your prayers tonight.

---

While it has been awhile since I have posted, this weekend looks very promising for us as banker has all his exchange personnel on standby with the provision to be prepared to work 10 hour days for at least the next 10 days.  He will confirm ASAP after he gets final confirmation.

Texas Snake, [04/19/2024, 7:32:01 p. m.]:

I have a call starting in a few minutes so won'tbe open to long.

Well the call pretty much confirmed what I had indicated with one participant from China indicating one small issue might create a one day delay but was hopeful this would be satisfied, we shall see in the next 24 to 48 hours, GOD Bless

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-texas-snake-21-april.html

Democrat: These are the details of Nechirvan Barzani’s two-diged visit to Baghdad, 7 APRIL

Democrat: These are the details of Nechirvan Barzani’s two-diged visit to Baghdad

The Kurdistan Democratic Party revealed, on Sunday, the details of the visit of the President of the Kurdistan region, Nechirvan Barzani, to Baghdad and the files discussed with officials.

The leader of the Democratic Party, Wafaa Mohammed Karim {Al-Furat News}, said: “Barzani’s visit to Baghdad was two-ranks and not one, as his meeting with Prime Minister Mohammed Shia Al-Sudani was officially the head of the region. The issue of accelerating the region’s oil export was discussed, which has been suspended a year ago, and it is the responsibility of the central government and Somo Company.”
“As well as discussing other political projects and the expected visit of Turkish President Recep Tayyip Erdogan to Iraq,” he added.
Karim continued, “As for the issue of salaries of the region’s employees, it is considered a solution and it was agreed to localize it at the Iraqi Trade Bank according to the decision of the Federal Court for the Payment of salaries according to lists sent by the region, and indeed the salary was paid in February and March.”
The head of the Kurdistan region, Nichirvan Barzani, arrived at the head of a Kurdish government delegation to the capital of Baghdad on Friday, where he met with the prime ministers and the republic while attending the meeting of the State Administration Coalition held late Saturday evening.
Prime Minister Mohammed Shiaa Al-Sudani described the visit of Nechirvan Barzani and a delegation of ministers and the head of the Diwan as important and comes in the context of continuous communication between the federal government and the presidency of the Kurdistan region.

From: Raghad Daham

https://alforatnews.iq/news/الديمقراطي-هذه-تفاصيل-زيارة-نيجيرفان-بارزاني-لبغداد-التي-جاءت-بصفتين

"SUDANI, BARZANI, ALAQ... ALL STAND SHOULDER TO SHOULDER!!! BY FRANK26, 7 APRIL

 KTFA

FRANK26: "SUDANI, BARZANI, ALAQ... ALL STAND SHOULDER TO SHOULDER!!!"............F26

 

Nechirvan Barzani in Baghdad next Saturday: Terms of agreement and three files on the discussion table with Al-Sudani

 

4/4/2024

Shafaq News Agency learned from informed sources on Thursday that the President of the Kurdistan Region, Nechirvan Barzani, will visit the capital, Baghdad, to discuss several files. 

In this regard; The official spokesman for the Presidency of the Kurdistan Region, Dilshad Shihab, told our agency, “The visit is scheduled for next Saturday, where Barzani will meet with Iraqi Prime Minister Muhammad Shiaa al-Sudani.” 

He added, "During this visit, Barzani will discuss several files with Iraqi officials, such as the budget, salaries, oil, and the resumption of its export, in addition to relations between Erbil, Baghdad, and others."

Shehab continued, "The President of the Kurdistan Region is responsible for organizing relations between Erbil and Baghdad in accordance with the law, and Barzani is a prominent political figure at the level of the Kurdistan Region and Iraq." 

The spokesman for the regional presidency explained, "During this visit, Nechirvan Barzani will confirm the implementation of the terms of the agreement between the forces of the coordination framework on which the Iraqi government was built."

LINK

 

Iraqi Dinar🔥Very Huge 🔥 World Bank🏦 News🔥 RV Update 2024🔥Director of w...

"THE NEW EXCHANGE RATE OF THE CBI RANKS VERY HIGH." BY FRANK26, 7 APRIL

KTFA

FRANK26: "THE NEW EXCHANGE RATE OF THE CBI RANKS VERY HIGH."............F26

 

Iraq ranks high on the list of “most influential” countries in the world

 

4/4/2024

 

Iraq ranked high on the list of “most influential” countries in the world for the year 2024, an index that measures 11 details that include military power, international alliances, trade, culture, diplomatic influence, and others.

Iraq ranked 49th globally out of 194 countries, while it ranked fourth in the Arab world after Saudi Arabia, which ranked ninth globally, then the Emirates and Egypt, and then Iraq, whose global score reached 83 out of 100.

 

In first place in the world, the United States of America came in the world for the year 2024, with a number of points reaching 95.3 out of 100, and then China came with a number of points reaching 95 points out of 100.

 

The index includes the perceptions of more than 320,000 experts, such as politicians and business leaders, and countries are ranked based on the highest scores among 11 characteristics: military strength, strong international alliances, highly respected state leadership, international trade and travel, and power. Economic, country culture, diplomatic influence, global diaspora, media influence, being beneficial to other countries in need, and how connected those countries are to the rest of the world, according to SeaWorld.

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