Pimpy
Article: "What are Iraqis waiting for after the news of the 'sudden suspension' of the dollar sale platform by the Central Bank?"
That is a big deal by the way. They've been talking about stopping the auctions for quite some time...
This is their way of getting away from the dollar altogether and by doing so allow them to win the international community...This is going to eliminate a lot of the criminality.
KTFA
FRANK26: "EDDIE KNOWS MORE THAN YOU KNOW MR IRAQI BUSINESSMAN???!!!"....F26
12/27/2024
Baghdad
Economic expert Ahmed Al-Tamimi expected, today, Friday (December 27, 2024), that the dollar exchange rate will continue to rise in the parallel market in the coming days.
Al-Tamimi told Baghdad Today, "The dollar exchange rate in the parallel market has been rising continuously for days," expecting "it to continue rising during the next stage, and this matter is directly linked to the imminent announcement of the platform's suspension by the Central Bank of Iraq."
He added, "This matter has caused clear confusion in business," noting that "there is an increasing demand for the dollar in the parallel market, after this announcement due to fears and traders' lack of knowledge of how to deal with banks regarding foreign transfers."
He stressed that "this increase has increased the exchange rate and we expect the exchange rate to increase, and for this reason the Central Bank of Iraq must clarify the new mechanisms for foreign transfers and how they will be through banks, in order to reassure the street."
Earlier today, Thursday, economic expert Nasser Al-Tamimi revealed the reason for the continued rise in the dollar exchange rate in local markets for days.
Al-Tamimi told Baghdad Today, "There are two main reasons behind the continued rise in the dollar exchange rate in local markets for days," indicating that "the first reason is the imminent suspension of the platform's work at the Central Bank, as this matter has caused confusion in the market, especially among small traders, who have increased their demand for dollars from the parallel market. "
He added, "The other reason is the proximity of the New Year's celebrations, as there is a demand for the dollar in the parallel market for the purpose of travel as well as buying some goods," expecting "the rise to continue until the beginning of the new year, after which it may return to a gradual and slow decline."
MarkZ
[via PDK]
I am hearing rumors from groups attached to Indian Nations that they are being told to prep for imminent release.
It could be within days…. Similar mechanism are being re-enacted to when Kuwait RV’d. Some Indian Nations did very well when Kuwait revalued. This has me really excited.
KTFA
FRANK26: "NATIONAL ELECTRICITY FOR A NATIONAL CURRENCY!!!".......F26
Away from Iranian gas and its problems.. Iraq implements an unprecedented project to generate electricity (photos)
12/27/2024
The Iraqi Ministry of Electricity announced on Friday the continuation of civil works for the Karbala Solar Power Plant project, which is the first of its kind in Iraq within the framework of diversifying energy sources and not limiting it to one source.
A statement issued by the media office of the Minister of Electricity and received by Shafaq News Agency stated that "the project's generating capacity is 300 megawatts, and it is part of broader projects with a total capacity of 525 megawatts that include several governorates in the Middle Euphrates."
He pointed out that "the implementation period of the project (first phase) is 365 days," indicating that "the project area is 4,000 dunums in Al-Hur district, Karbala governorate."
Regarding the completion stages, the statement confirmed that “40,000 solar panels will be installed by the second month of next year, out of 500,000 panels required for the project.”
The statement considered that "this project represents a qualitative shift in the use of clean energy sources in Iraq, and comes within the directives of the Minister of Electricity, Ziad Ali Fadhil, to develop the energy system and adopt strategic projects, which contributes to enhancing energy sustainability and reducing dependence on imported fuel."
Iran has extended the maintenance period of its gas-producing facilities for two more weeks, causing a continued shortage of gas supplies to Iraq, according to the spokesman for the Iraqi Ministry of Electricity, Ahmed Musa, who told Shafaq News Agency that this outage has reduced electricity production in Iraq from 26,000 megawatts to about 15,800 megawatts, which has affected energy supply in various provinces.
Musa also pointed out that southern governorates such as Basra and Najaf depend on local gas and enjoy electricity supply of up to 20-23 hours per day, while other governorates such as Baghdad and Diyala suffer from a supply of between 5-8 hours, due to their dependence on Iranian gas.
He added that about 5,000 megawatts of power plants in Iraq are currently under maintenance in preparation for the summer season, expecting that the supply hours will improve when Iranian gas supplies resume in the coming days.
ARIEL
