An Invitation Is Sent To The Sudanese... Parliamentary Energy Explains The Reasons For The Collapse In Electricity Supply
Energy Economy News – Baghdad Member of the Parliamentary Energy and Electricity Committee, Kamel Al-Ugaili, on Thursday, called on Prime Minister Muhammad Shiaa Al-Sudani to manage the Ministry of Electricity from a lower position, while holding production, distribution and maintenance companies responsible for the collapse in electricity supply in Baghdad and a number of provinces.
Al-Ugaili said in an interview followed by Al-Iqtisad News, “Poor planning and management and the selection of incompetent figures to manage production, distribution and maintenance companies are behind the decline in electricity processing hours.”
He added, "The electricity problem has become noticeably recurring, so we call on Prime Minister Muhammad Shiaa Al-Sudani to manage the Ministry of Electricity personally and from a lower position, while making changes for officials who are negligent in performing their work."
He pointed out that “poor planning and bad management are one of the reasons for the collapse of the electricity system in Baghdad and a number of governorates,” pointing out that the capital, Baghdad, has been witnessing for days a sharp decline in energy supply. https://economy-news.net/content.php?id=44425
Thurs. 20 June 2024 Wolverine: “Ok the new rates should be posted today (Thurs. 20th June) in Iraq and expecting funds to be released either today Thurs. or Fri. 21 June in the USA. Let’s hope it happens as we cannot keep going like this as too many people are hurting. …Conference Call: “It’s looking good.”
Tues. 18 June 2024 Wolverine
“I got some news – things have started. It is getting really emotional. I received a telephone call and will not mention names, but right now, the caller is at the bank about to receive his blessings. Things are happening. It is someone I know, close to me. We will hear more of this coming through.
“We received an audio from the Pentecostal group, he is ready. They have liquid money and they have received funds to distribute funds to members. The Pentecostal group has about 3 million people so one person is not in charge of distributing. They have different leaders assigned to different platforms. He sent an audio saying all is ready to go. It was very exciting news for their people. I am not in that particular platform, but in another one of their platforms in that group. He came out with a text message saying it will be this week
, but for their whole organization it will take them into August to pay all their members.
“Yesterday Mon. 17 June I was supposed to get a message from Reno that the Tier 4A group was supposed to go first. Unfortunately, I don’t know if anything has happened yet. I did not receive a message from that source. Hopefully I will get some messages coming in from Reno.
“I received a message from Zurich that it started a while ago. That is all I know. I do have European contacts, but none of said anything.
“Again, it is a process. Probably some people are getting paid, but for others it is not their turn yet.
“For us in Tier 4B we are to get itthis week.
“It is stressful, maybe Bruce may know more about this than I do. But today or tomorrow notifications for 4B should be released. IF the bonds are getting paid, then surely the currencies will be coming out.
“It will be emotional, and I was emotional when the person called me that WAS at the bank. I am really happy for anyone receiving their blessings.
“I am not to talk about Mauricio, but they are getting close, but right now I need to stay quiet about his platform.
“I am sure this is going to happen soon, and then we will have Three things: 1) Live emergency call – 2) You tube video by friend of mine – a member with the Trumpets of freedom and then 3) The Opera. I will then un-mute the room so we all can celebrate! Take care, Wolverine”
Evening News with MarkZ and Dr. Scott Young. 06/20/2024
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Thursday evening to all.
Member: Good evening, hopefully Mark has something good for us tonight!
Member: Are We “R. V ing “ this weekend Markz ??
MZ: There is a lot of crazy anticipation again…..stay calm…but it’s been a weird quiet news day….almost like the whole world is waiting.
MZ: I am hearing the markets are going to be very interesting the next few days.
MZ: As far as RV related stuff….this came from more than one direction today. And it was suggested that I be very cautious with details –especially on Historic bonds….and any closes on groups. For safety and security and not to put people on any unnecessary roller coaster. But I am sure the dinar boards will be sharing some of it.
MZ: I am going to be very judicious with what I share for the next short bit . For individuals security, my security, the processes security….
MZ: If there is something I feel has meaningful impact on us as to what we can expect ect…or if there is any kind of slow down – I will let you know that.
MZ: There are a lot of specifics I would love to share with you all so you would have the same warm and fuzzy feeling that I do.
MZ: If things are good and moving great I am just going to stay upbeat and focused on the fundamentals. That They are squeezing hard to protect things at this point shows me I need to take things seriously.
Member: We are cool with your being quiet so as not to delay the RV any more. Thanks Mark and lets go RV!!!
Member: (From Dinar Guru) Mnt Goat Do they have to RV to make the budget work? If you take what the prime minister told us about the dropping of the zeros...in an April 2023 article, we can see that taking the 1320 rate and dropping the 3 zeros makes it $1.32. If we take the 6.5 billions dinars allocated for the new pipeline construction it is actually about $4.9 billion dollars. If we divide 6.5 / 4.9 we get 1.32...is this a coincidence? Can you see now why I am so excited...WOW! WOW1 WOW! ...Many believe it is not coincidental and so I agree...Do they need the change in rate to build the pipeline? What about the other projects too like the 7 new refineries? ...if it does they will have to get their act in gear real soon, as they also told us they plan to begin this new pipeline now NOT in 2025.
MZ: That is what MilitiaMan and I were talking about today . …but I still expect higher than $1.32….but I could be wrong. But I think this is the worst case scenario and I think it’s fantastic. And very exciting.
Member: You can clearly see ethe two sets of books in action in Iraq.
MZ: EXACTLY….and now they will transition to one set of books.
Member: The true rate isn’t going to show for the public until after we RV..imo. That’s why there is so many cloaks and daggers.
Member: Wolverine is very Giddy & emotional with the news he's getting
Member: Iraqi Dinar Set for Potential Surge Amid Bold Economic Reforms and Global Investor Interest!
Member: Everyone stay positive. Thaoughts become things.
Dr. Scott Young joins the stream tonight. Be sure to listen to the replay for his information and opinions.
Question: "What happens now that the auctions are soon to be over?
What does this mean for the Dinar holders out there Kap?" It means monetary policy is changing after 20 years to reflect the economic changes in Iraq. We'll have to wait and see what happens.
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Floating the currency is the best option but only once they have created a diverse economy that is not dependent solely on oil.
...New currencies coming out in Iraq. Not true, the Iraqi dinar is the currency of Iraq. As far as any new smaller denominations, they will be introduced only as needed if and when the value increases and warrants so. There is no significant RV!
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...The dinar to float at well over a dollar. Unlikely, the dinar when it floats will be whatever the current exchange rate is and could rise gradually accordingly.
Community comment: "Today the cbi says there are no new printing of bills"
That is correct. The Central Bank does not randomly print currency unless it's to replace damaged or worn out notes. There is no need for a new currency unless it is warranted. Moving to digital will eventually reduce physical notes.
Question: ----"They have a very largebudget ,without an increase in rate how do they meet the projects that is lined up?"
External expenses are paid in dollars since their primary revenue is dollars. Dinar is used to pay salaries, etc. in country.
CCommunity Comment: "Hopefully in the next 5 yrs we will see an appreciation of the currency price, based on the last year of progress."I agree! Iraq has an excellent opportunity now to diversify their economy and develop the banking system.
Much of the float articles that we have seen have concerns about speculators that is because they are referencing dealers speculating within the country. That will not happen.
All of these changes that they're talking about pertain to monetary policy. They have nothing to do with the exchange rate. Whether or not the exchange rate goes up or not is directly related to the economic success thereafter.
By the end of the year when the Central Bank of Iraq ends the currency auction, only transfers amongst established Iraqi banks and regional or International banks will occur. In other words, the float of the dinar and transfer of funds will be institutional.
What this means for us is the future of the dinar exchange rate is directly tied to the capital flowing through the CBI, economic growth, and success of Iraq. As Iraq prospers, so will the dinar! Though we may not see the dinar exchange rate improve initially. This is a significant change in monetary policy for the Central Bank of Iraq. Some 20 years in the waiting.
The Service Effort Team announces the achievement of advanced completion rates in the Diwaniyah areas
Today, Wednesday, the Help Exertion Group declared accomplishing progressed consummation rates in various regions in Diwaniyah.
“The work of laying waterways and paving the muqarnas in the Al-Amin neighborhood in the governorate is continuing,” the head of the team in the governorate, Mohsen Hamza, stated, noting that “the sewage rehabilitation work in a number of streets in the Al-Amin neighborhood is also continuing.” He went on to say that “the Water Directorate’s work will continue in the Hawalli University area, the Cultural District, Al Hamad Abu Jayesh, and Al Khalifa areas, and good completion rates will also be achieved” and that “Advanced completion rates have been achieved in the neighborhood rehabilitation work.”