Iraqi Government Invests in Local Drama Industry, 5 DEC

 Iraqi Government Invests in Local Drama Industry

In a move that highlights the Iraqi government’s commitment to the arts and culture, the Media Office of the Prime Minister has announced the allocation of a budget of 5 billion Iraqi dinars to bolster the local drama industry. This investment is part of a larger project aimed at enhancing and promoting the country’s cinematic arts, a sector that has struggled for recognition and support in the past.

Revitalising the Iraqi Drama Scene

The funds are expected to breathe new life into the Iraqi drama scene, an industry that has been grappling with numerous challenges. The lack of funding, for instance, has historically limited the production of content, suffocating the creativity and potential of local talent. This new venture could potentially lead to the production of higher quality content, revitalising the industry and fostering the growth of local talent.

Supporting Cultural Expression and Societal Reflection

The government’s investment in the drama industry signifies its recognition of the importance of drama as a medium for storytelling, cultural expression, and societal reflection. Drama has the power to mirror society, reflecting its strengths and weaknesses, its hopes and fears. By investing in this art form, the government is not only supporting the arts but also promoting the expression of the Iraqi culture and society.

Government’s Commitment to Cultural Development

This initiative also underscores the government’s commitment to cultural development. With this investment, the government is sending a clear message: that it values the arts and recognises their potential to contribute to the socio-economic development of the country. The decision to fund the drama industry is a significant step forward in the journey towards a vibrant and dynamic Iraqi cultural scene.

https://bnn.network/arts/artists/iraqi-government-invests-in-local-drama-industry/

"RV UPDATE" BY PIMPY, 5 DEC

 Pimpy 

  Still today I can't find any news so called restrictions removed.  No restrictions have been removed yet.

Article:  "Central Bank reveals two agreements during joint Iraqi delegation talks in Turkey" 

 This agreement with Turkey allows...merchants to purchase goods from each other's country using their own currency.  If I'm a merchant in Iraq and I want to buy goods from over there in Turkey to sell in my store I can purchase those goods using Iraqi dinars and vice versa.

  If I'm a merchant in Turkey and I want to buy some goods that I can sell in my store over here in Turkey I can use the Euro or the Lera and then the banks will settle the issue with the two currencies .  That's why they [the banks] do currency swaps.  These are pretty big hurdles Iraq has managed to get over.  Let's hope they continue down this path and nothing bad happens...

 Sovereignty means freedom.  That means you're in control.  Nobody else tells you what you can and can't do with your country, with your currency or anything else.  That's the whole purpose of sovereignty.  Iraq wants control of their currency.  This is what we want for them to do...We have to make sure the people that are in control don't screw things up...Let's hope Iraq is ready to do this because if not it really could be a major setback...

December 4th Presentation from Bob and Tony

The Critical Decisive Strikes: Analyzing the Recent Military Activities in Iraq, 5 DEC

 The Critical Decisive Strikes: Analyzing the Recent Military Activities in Iraq

Military Activity in Iraq: A Critical Juncture

On December 3, the U.S. army reportedly embarked on a successful mission in the vicinity of Kirkuk in northeastern Iraq. In an operation aimed at eliminating threats to peace and stability, the forces, according to source reports, successfully eliminated five combatants and obliterated an unmanned aerial vehicle.

The Rise of Militancy in the Region

Imposing a substantial threat to peace in Iraq is the Iran-aided group – “Islamic Resistance in Iraq.” In a striking display of provocation, the outfit reportedly launched attacked four American bases straddled across Syria and Iraq on the night of December 3. Drawing information from the data that the Pentagon revealed on November 30, American bases in Syria and Iraq experienced 74 barrages since October 17, launched by Iran-aided groups in the region.

The Role of U.S. Central Command (CENTCOM)

The U.S. Central Command (CENTCOM) carries a significant role in maintaining peace and stability in the Middle Eastern, Eastern African, and Central Asian regions. By overseeing the planning of operations in hostile situations and directing the deployment of U.S. forces, CENTCOM seeks to ensure that potential threats are efficiently neutralized.

Defending the Red Sea

In another recent development occurring alongside Iraq’s fragility, an American destroyer reportedly struck down three drones, said to be released from Yemen, in the Red Sea on December 3. The interception of such offensive deployments represents active efforts to stabilize the region against potential disruptors.

The Warning from the U.S. Department of State

Showing a staunch stand against the threats to American forces in Iraq and the Middle East, the U.S. Secretary of State issued a statement on behalf of the U.S. Government. The official warned against anyone endangering American military personnel in the Middle East region, indicating the U.S.’s readiness to shield its forces.

A Word of Caution to Iran

Reflecting the U.S. Government’s strong sentiment against militancy and disruption of peace, a higher authority sent a stern warning to Iran. Reiterating the country’s commitment to protect its interests and uphold peace, the message to Iran was clear: exercise caution.

Conclusion

In light of these developments, it appears that the military activity in Iraq is at a critical juncture. The evolving dynamic between non-state actors and established forces of power portrays a region struggling for stability, peace, and progress. It is imperative to continue analyzing the situation as it unfolds through decisive strikes, international warnings, and proactive defense strategies. In time, these dynamics could respectively outline the future of military engagement and, more importantly, of peace in the Iraq region.

https://bnn.network/breaking-news/the-critical-decisive-strikes-analyzing-the-recent-military-activities-in-iraq/

Iraq in Talks with Turkmenistan to Import Natural Gas, 5 DEC

 Iraq in Talks with Turkmenistan to Import Natural Gas

In a significant move towards bolstering its energy security, the Iraqi Ministry of Electricity has commenced negotiations with Turkmenistan Gas Company to import 25 million cubic meters of natural gas daily. This crucial step, as reported by the Iraqi News Agency, intends to fully satiate the fuel needs of six prominent power stations in the region.

Meeting the Energy Demand

The decision by the Ministry of Electricity aligns with the directives of Prime Minister Mohammed Shiaa’ Al-Sudani. The proposed quantity of gas import is aimed at meeting the escalating demand for electricity in the region and ensuring a stable supply of natural gas and electricity, particularly in the event of delays or technical issues in Iran.

Upon successful procurement, this import will entirely meet the natural gas requirements of several operating units, including the Mansuriyah, Sadr, Basmaya, South Baghdad Gas Station Second, Quds, and Taji stations.

Regional Energy Landscape

The negotiation comes amidst a wider reshaping of the Eurasian energy landscape. Countries like Kazakhstan, Russia, and Uzbekistan are currently considering the formation of a trilateral ‘gas union’ for infrastructure development and foreign market expansion. The concept of such a gas union is considered ‘extremely relevant’ and beneficial for all involved nations.

Energy Initiatives Across the Middle East

In related energy news, Saudi Arabia is making significant strides in the realm of renewable energy. It plans to launch renewable energy projects with a capacity of 20 gigawatts in 2024 after quadrupling its renewable energy production from 700 megawatts to 2.8 gigawatts. Furthermore, the kingdom is taking steps to be a major global source of green hydrogen and is developing international partnerships to foster green hydrogen projects within the country.

In the pursuit of global climate goals, the Saudis are focusing on innovation and a wide range of technologies to secure affordable energy access in a more sustainable future for all, addressing the fundamental challenges of climate change.

https://bnn.network/world/iraq/iraq-in-talks-with-turkmenistan-to-import-natural-gas/

FRANK26….IQD 12-4-23……EVIDENCE

"RV UPDATE" BY SANDY INGRAM, 4 DEC

  Sandy Ingram 

 The Central Bank of Iraq confirmed some Iraqi banks are transferring dollars from their accounts to intermediary banks who are distributing the dollars to their customers.  The Central Bank of Iraq said this will contribute to reducing the exchange rate of the parallel dollar...[We're] thinking this is to keep the black market intact. This means the decision to only use Iraqi dinar in all transactions beginning January 1, 2024 may cause concerns and the Central Bank of Iraq is making moves to control any possible issues.

Article:  "Inflation rate in Iraq declines in 2023 compared to 2022" 

 The Central Bank of Iraq announced the inflation rate decreased in 2023 compared to 2022.  Inflation in Iraq reached approximately 3.7% in August 2023, compared to 4.4% in August 2022.  Iraq's inflation rate is good compared to many countries where inflation has reached 30% and 40%...

Wealthy Iraqis move to the Caribbean.  Guess who's on the list?  ...The leader of the Kurdistan region and the former governor of the Central Bank of Iraq and other businessmen suspected of corruption...Iraq's politician are monitored by the organized Crime and Corruption Report Project (OCCRP)...This is part of the effort to catch

individual involved in corruption....The project reported the purchase of Dominica (tiny Caribbean island) citizenship...enabling them to travel worldwide without a Visa...This country's visa is magical.  Citizens can travel to 144 countries without a visa..

 The country has no tax on foreign income, capital gains, inheritance, stock profits, wealth or gifts...The former Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhif, obtained Dominica citizenship in 2017 along with his wife and two children and did not renounce it upon his appointment as governor of the CBI which was clear violation of article 18 paragraph 4 of the Iraqi Constitution.  He held the position of governor of the Central Bank of Iraq from September 2020 until his removal by the current prime minister on January 23, 2023.. .

There are corruption questions...a legal complaint... has been filed due to the loss and depletion of millions of dollars regarding forged import documents.

  The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless.   It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange.  Most of these reserves are held in US dollars since it is the most traded currency in the world...The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history.

 The reason countries have foreign reserves is to make sure that a country has backup funds if its national currency rapidly devalues or becomes entirely worthless.  It's common practice for central banks of different countries around the world to hold large amounts of reserves of foreign exchange.  Most of these reserves are held in US dollars since it is the most traded currency in the world...

The amount of monies a country holds in its reserves has a lot to do with the county's currency rate...Iraq has the largest foreign currency reserves in its' history...

Article:   "Good News for Investors:  US Treasury Continues to Omit Vietnam Currency Off Currency Manipulator's List"  

 Vietnam was not included on the US Treasury Department currency manipulators list this time.   The list comes out twice a year and includes countries that may have surpassed the value of their currency.  When a country does this it cheats investors on potential profits...Iraq is rebuilding after the war so is not yet subject to currency manipulation lists...

  On Wednesday the Prime Minister of Iraq's advisor took the lead from the Central Bank of Iraq and announced Iraq has the largest foreign currency reserves in its' history and that the exchange rate treatment package aims to prevent profiteering at the expense of the economy...

https://dinarevaluation.blogspot.com/2023/11/rv-update-by-sandy-ingram-25-nov.html

https://dinarevaluation.blogspot.com/2023/11/rv-update-by-sandy-ingram-30-nov.html