Tuesday, November 7, 2023
Evening News with MarkZ. 11/07/2023
"RV UPDATE" BY WALKINGSTICK, 7 NOV
Walkingstick
[Iraqi bank friend Aki update] Aki's boss who has a bank inside of Iraqi ordered Aki last week to stay at [Aki's bank in the southern part of the state where the bank is located]. The reason why is because there is a change to the exchange rate of the Iraqi dinar [coming].
Our Federal Reserve is pushing the monetary reform of the Iraqi dinar for the new exchange rate...This MR (monetary reform) first started out with an RV (revaluation).In other words they did all the calculations on all the numbers of everything that they had in their reserves...banks...bank accounts, at the CBI...assets in the ground...The RV has led the MR to the phase they're in right now which is called an RD (redenomination of their currency) - The new currency to replace the 3-zero notes.
The RD is inches away from entering what's called the RI. The RI of Iraq's currency is what will happen after this RD phase. Once you see...they have the redenomination in their hands, then the RI of their currency coupled with an RV of their new exchange rate value...will kick in. What it boils down to is it will start an international float using an international currency basket..
Gas Pipeline to Kirkuk Power Station Completed, 7 NOV
Gas Pipeline to Kirkuk Power Station Completed, 7 NOV
The Iraq Oil Pipeline Company has recently finished a project to extend a dry gas pipeline, which is 16 inches in diameter and supplies the Kirkuk Gas Power Station from the Khor Mor fields. The pipeline is 1,050 meters long and was built in two phases. It is expected to transport an extra 100 million cubic feet of gas per day, thereby increasing the electricity production.
Ali Abdul Kareem Al-Mousawi, General Director of the Oil Pipeline Company, has reinforced the company’s dedication to executing the orders of the Deputy Prime Minister for Energy Affairs and the Minister of Oil. The company is committed to supporting projects related to the supply and transportation of oil products for the benefit of electricity generation facilities across all provinces.
The new pipeline diverts from the main pipeline, which runs from Jamboor Station to North Gas Company, to supply gas to the Kirkuk Gas Power Station at Tazah Station. The project involved connecting the pipeline, installing three 16-inch valves, constructing a 60-meter bridge on the main road between Kirkuk and Baghdad, and building other sub-bridges. Additionally, engineering inspections and thickness measurements were carried out along the new pipeline’s path. Al-Mousawi praised the efforts of the national workforce in completing important projects.
The implementation of the pipeline was coordinated with various organizations including the Directorate of Electricity in Kirkuk, North Gas Company, North Oil Company, and the Directorate of Traffic, Roads, Bridges, and Communications to ensure successful execution of the project.
The Central Bank of Iraq resumes the sale of gold bullion and coins via an electronic platform, 7 NOV
The Central Bank of Iraq resumes the sale of gold bullion and coins via an electronic platform
The Central Bank of Iraq will resume the sale of gold bullion and coins on November 8, 2023, through an electronic platform, according to a statement issued by the bank.
The Central Bank of Iraq has recently announced that both government and private banks are now able to purchase gold bullion and coins through a designated electronic platform. The bank has emphasized that the sale of these items must adhere to the rules and regulations set forth by the Central Bank of Iraq.
Parliamentary Finance: Amending The Budget Law Will Allow For Changing Useless Paragraphs And Item, 27 nov
Parliamentary Finance: Amending The Budget Law Will Allow For Changing Useless Paragraphs And Item Information / Baghdad.. The Parliamen...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...