There are 4 major reasons Kuwait, Iraq’s next-door neighbor has the strongest currency in the world…Kuwait dinar is $3.36…
1. Major exporter of oil. Kuwait is estimated to hold 10% of the world’s oil reserves. The tiny country has a population of 4.3 million people vs Iraq who has approximately 43 million people and a lot more oil than Kuwait.
2. Kuwait has an excellent reinvestment of oil revenue. Kuwait uses its oil revenue to build infrastructure and develop microeconomic sectors to increase its GDP.
3. Kuwait is tax free. Being a tax-free country enables the GDP to be higher and it just makes everyone happier not to have to pay taxes. Since May of 2007 the Kuwaiti dinar (KWD) is pegged to an undisclosed basket of currencies…
4. This is good news for some of you and not good news for others…Kuwaiti currency is scarce. It is very difficult to get your hands on a Kuwaiti dinar unless you are inside of the country…Being scarce when it comes to currency is a good thing.
The Prime Minister Confirms His Determination To Continue Working To Develop The Iraqi Investment Environment
Political Yesterday, 19:11 Baghdad – IA Today, Tuesday, Prime Minister Muhammad Shiaa Al-Sudani affirmed his determination to continue working to develop the Iraqi investment environment.
The Prime Minister's Media Office said in a statement received by the Iraqi News Agency (INA):
"Prime Minister Muhammad Shia al-Sudani received, on the sidelines of his participation in the Davos Economic Forum, the head of the HKN Energy oil company, Ross Perot Jr."
The statement added, "The meeting witnessed discussion of all oil projects and the opportunities available for partnership and development in this field, as the Prime Minister reviewed the government's plans to develop the oil sector, expand gas investment, and upcoming licensing rounds." Al-Sudani pointed out - according to the statement -
“Iraq’s openness to all forms of cooperation with international companies that possess modern technology, stressing the determination to continue working to develop the Iraqi investment environment.” https://www.ina.iq/201307--hkn-.html
I was hoping I’d get a call during the call and I don’t have it yet – so what we have so far on the 16th we were looking for this to happen from Now till Friday and one highly respected source saying notifications tomorrow and going in as early as tomorrow evening or of course Thursday – so it’s popular to say Wed/Thurs –
so many sources have gone dark and are on gag orders but we have heard a little bit pointing to this week and one source said we’d exchange before Friday and I think this is true and we should get this done this week – one thing that has come to my attention about having 9 – 11 stations at the RC – that’s not True – what did happen with Bond Holders they did have stations to go through for their Bonds in T3 – that’s not us –
we expect to sit down in an office with 3 – 4 people one a US Treasury Marshall and one person on a De La Rue machines and one person doing Zim and one or two other people to handle other currencies.
Might be even more De La Rue machines – so it goes into a Quantum computer – we don’t move – but they move in and around us – because remember they want us in and out in 30 minutes and if you have other sheet bonds or a box of Bonds – all the numerous ones and you have the provenance for them then they will work with you and you’ll get that done –
but even with other Bonds no more than 40 minutes – I know they are going to be quick and super fast at setting up our accounts they know who we are and how many Zim holders etc.,
We are not going to have stations – What is the other thing I wanted to mention, what they are going to be doing apart from the KYC they pretty much know who we are unless you’ve been gifted – so make sure you take in that ID with you – they only need one but take two and some proof of where you live and or a bill and then beyond that you just take your currency which you’ve hopefully organised by denomination.
So all notes need to be put to together and just so they and you know what you have. Now we got word today – we heard that there was an in country rate of over $3 but our rate remember what Dr. Shabibi said at the International meeting and he said over $16 well we are well over that.
Some people have brought to my attention about some banks facing bankruptcy – well we are their rescuers – because they receive funds for us exchanging and the people that help us receive funds and we will benefit from getting a good and higher rate at the RC’s well over 10,000 in the US why is it a Win Win Win .125% when you get offered a contract rate on the Dinar and it’’s going to be amazing it’s going to blow your mind. This is a Win for EVERYONE.
Prime Minister: The Security And Stability Of The Region Depend Greatly On The Stability Of Iraq
Political Yesterday, 18:46 Baghdad - INA Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Tuesday, that the security and stability of the region depend greatly on the stability of Iraq.
The Prime Minister’s Media Office said in a statement received by the Iraqi News Agency (INA):
“Prime Minister Muhammad Shia al-Sudani attended a business meeting in which the heads and representatives of 57 international companies specialized in the fields of energy, oil and gas, and various economic fields participated, on the sidelines of his participation in Davos Economic Forum held in Switzerland.
The statement added, "The Sudanese reviewed the government's plans in the field of economic development and reform, which have come a long way, and the great investment opportunities, industrial city projects, the large Al-Faw port, the vital development road project, and integrated oil field projects."
According to the statement, the Prime Minister referred to “solar and renewable energy projects that were concluded with Chinese and Emirati companies, stressing the
government’s broad direction towards investing in gas and expanding investment opportunities in this promising sector, as well as the residential projects that were launched, and other projects planned in all countries.” Governorates of Iraq. Al-Sudani stressed, according to the statement,
"the importance of the banking reforms that were implemented, and the Central Bank of Iraq worked on, in order to communicate with international banks to achieve compliance standards for the global financial and banking system."
The statement continued that in terms of strengthening stability and security in Iraq, the Prime Minister stated that "the security and stability of the region depend greatly on the stability of Iraq, and that
any attempt to destabilize the internal situation in Iraq or threaten its security will lead to harm to the regional and international security of the Middle East."
The statement concluded, "The meeting was attended by the Ministers of Foreign Affairs and Oil, the Governor of the Central Bank of Iraq, and a number of advisors to the Prime Minister." https://www.ina.iq/201303--57-.html
