Al-Sudani: In support of the private sector, up to 85% of the cost of any project implemented inside Iraq will be given, 29 DEC

 Al-Sudani: In support of the private sector, up to 85% of the cost of any project implemented inside Iraq will be given

Today, Thursday, Prime Minister Muhammad Shiaa Al-Sudani called on Spanish companies to contribute to investment projects in various fields in Iraq.

A statement issued by the Iraqi government, a copy of which was received by NRT Arabic, stated that “Al-Sudani met with a number of businessmen, representatives of specialized Spanish companies, and Iraqi businessmen, in the presence of Spanish Prime Minister Pedro Sanchez.”

Al-Sudani pointed out that “Spanish companies represent a priority in cooperation as a result of the reputation and experience they possess, especially in the railway and transportation sector worldwide,” noting that “development projects and accompanying investment opportunities are now open and available, and are under design and understanding.” With international financial institutions for the purpose of directing implementation.”

In his conversation with representatives of companies and businessmen, the Prime Minister renewed his reference to railway connectivity projects, such as the Najaf-Karbala line and the Baghdad Metro project, which will be announced within a few months, and that he looks forward to it being the first of extended cooperation between Iraq and Spain.

Al-Sudani pointed out, “Projects such as the rehabilitation of Baghdad International Airport, the five residential cities, and the ten new cities, which will be announced soon, and that Spanish companies are invited to participate in these opportunities, especially with the creation of the investment environment and facilities for foreign companies, and partnership opportunities with the private sector.” “The Iraqi.”

He also pointed out, “Opportunities for the industrial sector, stressing that the government provided support to the private sector by giving sovereign guarantees of up to 85% of the cost of any project implemented inside Iraq in partnership with foreign companies, while the investor bears the remaining percentage.”

Al-Sudani concluded his speech by pointing out, “The government’s efforts in developing the energy sector and renewable energy, and it continues to improve and increase production, in a way that prepares a solid infrastructure for the prosperity of the business sector, and that there is a trend towards adopting solar energy, and we have also laid important foundations for improving the investment environment.” It was supported by a package of commercial and economic laws, and those related to double taxation, calling on Spanish companies to reserve their places in the free zones, in light of ensuring international standards for the financial and banking sectors and other services.

The meeting was attended by representatives of the Spanish companies Andra, Conso Trans Group, Nvantia, Copasa, Aquip Ceramics, Novargy, Thomas Yavdor Engineering, and Escribano Mechanical Engineering.

nrttv.com

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 29 DEC

 Frank26  

 [Iraq boots-on-the-ground report]   

FIREFLY:  The television is talking about how Iraq and a basket of currencies will help to reduce the dollar rate.  They are already talking about the yuan and rupee... The government is saying we aspire to end the parallel market dollar in the coming days.

FIREFLY: We have a special on TV and they say the Iraqi dinar wins the struggle against the dollar and wins control of the markets…

FRANK: The goal of the last few weeks has been to bring the market rate parallel with the dollar rate.  Remember the CBI can’t touch the dollar value but they can touch the value of your currency of the dinar…They have been victorious of reducing the value of their enemy foreign currency like the American dollar and all foreign currency in your country verses your national currency which is at 1310 right now.  But that rate is now in a position to change because of all the success of the monetary reform from the CBI and Sudani.   That’s all there is to it.

The black market rate will no longer be…The black market rate is the American dollar.   The CBI wants the official rate 1310 to match the dollar rate.  That means the currency of Iraq is too low…  Slowly we’re having a reciprocal effect where the dollar is going down and the dinar is going up…

Question:
“Can any country RV their currency whenever they want?”

Yeah but they have to go through the IMF.  That’s what the International Monetary Fund does – they regulate all the banks around the world and allow them to either increase, decrease, print new currency, destroy their currency, change their exchange rate.  There is a systematic way of doing it.  They’re called international banking laws. 

https://dinarevaluation.blogspot.com/2023/12/iraq-boots-on-ground-report-by-firefly_01972846250.html

Iraqi Dinar✅Value Very Strong-Iraqi Dinar News Today 2023-IQD USD Value-...

Demands to provide POS devices in public places before citizens are forced to use them, 29 DEC

Demands to provide POS devices in public places before citizens are forced to use them

Shafaq News/ Most markets and fuel filling stations lack POS devices, despite the Council of Ministers’ directives to implement the electronic payment system in state institutions, the private sector, commercial centers, stores, markets, and other entertainment facilities.

Citizens still lack the provision of POS devices, and there are demands from the Central Bank, banks, and electronic payment companies to provide POS points of sale and make them accessible to citizens for use with electronic cards when shopping and paying instead of cash.

Fuel filling stations are also suffering from the lack of POS machines at the stations, and citizens are confused about payment, especially with the Ministry of Oil’s calls for early next year to abandon cash and adopt electronic payment at filling stations.

Economic expert Durgham Muhammad Ali said, in an interview with Shafaq News Agency, that “there must be media campaigns to raise awareness about the benefit of the electronic card, the mechanism for obtaining it, and its cost, and dealing with it must be voluntary in the beginning, so that later there will be an understanding of its importance and advantages, and that it may spread and be obtained.” A goal for the citizen, not an obligation on him.”

He stated that “electronic payment has more advantages and security than cash dealing,” noting that “filling and withdrawing devices for these cards must be deployed in various markets, stores, and economic events. Therefore, withdrawal devices must be deployed in the streets and markets before they begin to impose them forcibly.”

shafaq.com

"RV UPDATE" BY MARKZ, 29 DEC

 MarkZ 

  [via PDK]  Question:  What does you gut say Mark?  MarkZ:   My gut feels it will be at the bridge of 2023 to the first of January.

 [via PDK]   “Iraq’s ports emerge as key transit points amidst international shipping  route changes”  With the unrest in the Red Sea…they have found alternative paths through Iraq using ports, rails and trucks. I think this one is big and solidifies Iraqs position in the international world. They are also shoring up their financial world and Iraq’s position as a trade hub. They are going to need a currency to go with it…especially once the de-dollarize.  Question:  What does your gut say?  MarkZ:  That we may be in the last week or the last days of this thing.

 [via PDK]  Comment:  Exchanges should not be taxed…but, be prepared.  MarkZ:  That’s the way I look at it... memo from the US State Dept. directly about Iraq...The last sentence says “ There are no taxes or subsidies on purchases or sales of foreign exchange.” [NOTE: Always consult with your tax professional at the appropriate time to determine the right tax for your unique circumstances.]

 Pretty quiet from Iraq so far today. One of my sources believe the local elections had some effect on our timing and are finishing the ballot counting before they release rates. If hes accurate…the counting should be finished in the next day or so, Possibly as early as today.  I have one source in Iraq who believes they will release the rate in Iraq as soon as they finish seating  these new electees. Possibly in a day or so or as early as today.

 So far this morning - very quiet…no real changes since last night. There is nothing negative…Just no news saying anyone is spending any money yet this morning. Maybe we will get more news throughout the day today.

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-markz24-dec.html

https://dinarevaluation.blogspot.com/2023/12/rv-update-by-markz-27-dec.html

Iraqi Dinar Official Exchange Rates vs. Vietnamese Dong Forecast: $3-$3.50+

State of law: The election of the Speaker of Parliament will be decided in the first session, 28 DEC

State of law: The election of the Speaker of Parliament will be decided in the first session

Information / Baghdad..
The representative of the State of Law coalition, Bahaa al-Din al-Nouri, confirmed on Thursday that the election of the new speaker of parliament will take place during the first session of the next legislative term on the ninth of January, indicating that there is no agreement to hold an extraordinary session before the start of the legislative term to provide the Sunni forces with the last opportunity. Agreeing on one or more candidates for the position.

Al-Nouri said in a statement to Al-Maalouma, “The political forces are still reaching understandings regarding choosing a candidate for the position of Speaker of the House of Representatives, and the dispute still exists between those forces.”

He added, “The political forces will not embarrass the Sunnis by collecting signatures to hold an extraordinary session before the start of the next legislative term in order to give them another opportunity to conduct negotiations to choose one or more candidates for the position.”

He explained that “the Constitution and the internal regulations of the House of Representatives require the political forces to choose the Speaker of the House of Representatives in the first session after the expiration of the membership of the former president dismissed on fraud charges.”

Al-Nouri pointed out that “the selection of the Speaker of the House of Representatives will take place during the first session of the House on the ninth of next month.”

almaalomah.me