"PROGRAM RATE NO MORE... IN ORDER TO DO THIS" BY FRANK26, 30 DEC

 Frank26:  PROGRAM RATE NO MORE... IN ORDER TO DO THIS".............F26

 Al-Sudani: We will announce 10 new residential cities to reach 250-300 thousand housing units

12/27/2023

The Prime Minister, Muhammad Shiaa Al-Sudani, announced today, Wednesday, that 10 residential cities in Iraq will soon be announced.

A statement from the Prime Minister’s Media Office stated, “Al-Sudani announced, this morning, the launch of work on the new Al-Jawahiri residential city project, in the Abu Ghraib district, west of the capital, Baghdad, one of the five new city projects that were announced as part of the government’s strategy to address the housing crisis.” and reduce overcrowding in major city centres.

The statement added, "This came during a ceremony held on the occasion, attended by a number of ministers, members of the new cities implementation team, and members of the family of the late great poet Muhammad Mahdi Al-Jawahiri, as well as representatives of the Chinese and Iraqi companies involved in the implementation."

He stressed that "the government identified, from the beginning of its duties, the flaw in the housing crisis, and prepared thoughtful plans to address it, which included constructing integrated residential cities, not complexes, and choosing locations for them on the outskirts of Baghdad and the governorates, away from overcrowded areas."

The statement continued, "The government announced 5 residential cities as a first phase, to be built in the capital, Baghdad, Babylon, Karbala, Nineveh, and Anbar, and later 10 new residential cities will be announced in other governorates."

He pointed out, "The goal is to reach 250-300 thousand housing units, targeting the poor and middle classes. There will also be a commitment to housing unit prices to remain stable."

Al-Sudani pointed out, “The New Al-Jawahiri City project will include, for the first time, 25% of the serviced lands, which the government will distribute among citizens according to mechanisms that will be approved.”  LINK

A Government Advisor Identifies The Most Prominent Features Of The Economic Reform Bill, 31 DEC

 A Government Advisor Identifies The Most Prominent Features Of The Economic Reform Bill

Economy | 03:50 - 12/30/2023  Mawazine News - Baghdad,  the financial advisor to the Prime Minister, Mazhar Muhammad Salih, today, Saturday, identified the most prominent features of the draft economic reform law, while noting that the draft law is consistent with the private sector development strategy.

Saleh said, “The economic philosophy framed by the draft economic reform law presented on its way to legislation in the House of Representatives is based on the vision of the government’s approach to reform and reorganization of the national economy.”

He added, "The government curriculum, which was approved by the House of Representatives in October 2022, is responsible for implementing a reform vision based on the principle of partnership between the state and the private sector (in financing, investment and production), starting with investing in natural resources and manufacturing industries and ending with digital and other services, and generating... High value-added chains enhance growth factors in GDP.”

Saleh explained, "The draft economic reform law is also consistent with the principles of the (National Strategy for Private Sector Development) and the principles of the new formation of the Private Sector Council headed by Prime Minister Muhammad Shiaa Al-Sudani."

He pointed out that "the draft reform law, which is in the process of legislation, is consistent with the national strategy for developing the private sector. They are undoubtedly a realistic embodiment and a central syndrome in building the rules of the (social market) through the vision of partnership between the state and the private sector that we mentioned earlier."

He continued: “They are also two economic forces that will contribute to their cohesion by diversifying the sources of income in the national economy and dismantling it from the rentier unilateralism on whose ruins coexisted with emergency profit-making liberal capitalisms devoid of any idea of building market institutions. Rather, they remained fleeting to sustainable development or even the tendency to build the foundations of the real investment desired throughout. past decades.

Saleh stressed that "Iraq is advancing the vision of partnership between the state and the social market, through the implementation of the economic reform law immediately upon its enactment, to establish coherent guarantees for a promising economic future that will leave behind the rentier phenomenon and the problems of unilateralism."

He stated that "implementing the economic reform law will achieve for our country optimal use of all available resources (material and human), and at the same time guarantee a level of prosperity that results in sustainable growth in a diversified economic climate that guarantees development."

https://www.mawazin.net/Details.aspx?jimare=239709

Iraqi Dinar 1 Iraqi Dinar for $0.31 News Update Dinar IQD Iraqi Dinar 2...

"THE MONETARY REFORM EDUCATION IS LOUD EVERY DAY IN IRAQ!!!" BY FRANK26

Frank26: "THE MONETARY REFORM EDUCATION IS LOUD EVERY DAY IN IRAQ!!!".......F26

 The Sudanese advisor details the government measures to curb the dollar

 12/28/2023

The financial and economic advisor to the Prime Minister, Mazhar Muhammad Saleh, on Thursday, detailed the government measures that contributed to curbing the dollar’s momentum.

Saleh told {Al-Furat News} that: “Credit cards, with their high flexibility in use, have provided a direct role in providing easy payments in foreign currency for travel purposes.” 
He added, "The demand for foreign exchange was also met by withdrawing from citizens' dollar accounts after banks were allowed to import dollars from foreign foreign markets in cash for this purpose."

Saleh pointed to “trade regulation with neighboring Turkey to finance trade in the Turkish lira through solid banking channels,” considering all of these factors as “positive that have contained the noise of the illegal parallel exchange market.”

He continued, "In addition to the role of economic policy in enabling the state's commercial arm to provide an additional commodity supply with stable prices, by adopting four additional baskets to provide basic commodities and market support supplies financed at the official exchange rate of 1,320 dinars per dollar."

Saleh described this policy as “price defense that led to a decline in annual inflation growth to 3.7% currently, after that annual price growth was about 7% in the accounts at the beginning of the year.”

From: Raghad Dahham   LINK

"RV UPDATE: CONVERSATIONS WITH THE CBI CONTACT ABOUT THE DECLINE OF USD AGAINST IQD AND. THE OFFICIAL CBI RATE: " THE DOLLAR ISSUE"," BY MNT GOAT, 30 DEC

 MNT GOAT

I was able to talk to my CBI committee member contact yesterday and I will review the content of our conversation with you today, what was said and why they put the project to delete the zeros on a temporary hold.

So, these past weeks we have read multiple articles on the decline of the dollar against the dinar and the official CBI rate. These articles tell us it won’t be much longer until the dollar issue is resolved. We all asked ourselves if this might be the reason for the delay. So, in my call to Iraq I asked this question.

I was told this is the issue involved in the holdup. This is exactly what they needed to see in the decline of the parallel market rate as it was holding up the final blow to the dollar and to allow them to continue on with the next steps in the process to get to the reinstatement.

I asked how close does the parallel black market rate of the dollar have to get to the official CBI rate of the dollar?

I was not given an exact figure because even my contact did not know. Of course a very close almost exact would certainly be the target, as common sense must prevail in our thinking on this too. But having told this to me, I was also told that it is not long before the decline is completed with the measures as the CBI in now making with agreements with many of Iraq’s trading partners and future trading partners to use their foreign currency in making trade payments in place of the dollar. I was told this is how Iraq used to do business prior to the sanctions. 

I was also told that in the coming months, we will witness what was described as a rapid decline in the parallel market, suggesting that it will reach a level close to the official rate soon then at this time an American green light to release the currency reform process to move ahead again will be given. Of course, this is the expectation of my CBI contact and they know much better than I what is really going on in these meetings. 

But here is the most interesting news from our standpoint. I was then told that at some point when the parallel market is stabilized to the official CBI, they plan to conduct one more rate change to the program rate, closer to 1000 from 1320 and then monitor it for inflation for a period of time and then if all goes well, initiate the swap-out of the three zero notes for the newer lower denominations. We all should know comes next after this step is completed……hint…hint…  

https://dinarevaluation.blogspot.com/2023/12/status-of-rv-by-mnt-goat-28-dec.html

Weekend News with MarkZ. 12/30/2023

iraqi dinar | Finally Iqd RV Done New Rates Show on Bank Screens | Iraqi...