“Today Sun. 11 Feb. the Bank was told there may be an event following the Super Bowl, which would be 10:00 pm Eastern. They are also being told there is most likely an announcement early next week.
They don’t mention (or know) the specific content of both of these events. The Iraqi RV is finally posted and set for Sun. 11 Feb. and the Global Redemption Program starts Mon. 12 Feb. Buyers, Paymasters have funds just waiting to be liquid. Iraqi banks in the US began paying Iraqi citizens living in the US who are exchanging their old Dinar for US Dollars but rate is not known. The Federal Reserve says the rate is $4.81, which is the rate agreed to at Davos in January.
“Was told the paperwork was just completed. The Iraq Government will reveal the new ‘lower denomination’ notes this week and then release the new Dinar Rate ($4+) to be published in the Government Gazette on Sun. 11 Feb. and then go on Forex this coming Mon. 12 Feb. – the same Mon. 12 Feb. that the Admiral is going to release everything.”
Middle East Economic Forum: Forging New Ties Among Iraq, Jordan, and Neighboring Nations
Amidst the shifting sands of the Middle East, an economic forum is set to rise on April 21st, orchestrated by the Iraqi Business Council in league with the Jordanian and Amman Chambers of Industry. This gathering, poised at the King Hussein Bin Talal Convention Centre, aims to fortify financial, industrial, and commercial ties among Iraq, Jordan, and neighboring nations.
A Meeting of Minds at the Dead Sea
Nestled on the shores of the Dead Sea, this two-day forum promises to be a melting pot of investors, companies, and participants, fostering networking and strategic partnerships. The discussions will revolve around investment opportunities, banking policies, and the transformative power of digital technology in services, including banking, healthcare, smart cities, and cybersecurity.
The event will also shine a spotlight on the region's evolving economic landscape, punctuated by success stories from local companies. A special website has been launched for registration and further information, signaling the organizers' commitment to accessibility and transparency.
Amman's Extended Hand to Iraq
Fuad al-Majali, the Jordanian consul general in Erbil, echoes Amman's keenness to bolster business relations between Jordan, the Kurdistan Region, and Iraq. There has been a marked surge in Jordanian investments and businessmen in the Kurdistan Region, spanning multiple sectors.
Majali reveals that Jordanian businessmen are eager to invest in Iraq. In a show of support, Amman is poised to facilitate Iraqi investment in Jordan. Obtaining a visa for Iraqi citizens is reportedly a straightforward process, particularly for medical treatments, business, and studies.
A New Chapter in Regional Collaboration
This development could potentially strengthen financial, industrial, and commercial collaboration among Iraq, Jordan, and regional countries. As the date of the forum draws nearer, anticipation builds for the opportunities and insights it promises to bring.
The upcoming economic forum represents more than just a gathering of minds; it symbolizes a step towards closer ties between Iraq, Jordan, and their neighbors. With digital transformation and economic cooperation at its core, this event could usher in a new era of collaboration and growth in the region.
As the sun sets on the Dead Sea, its tranquil waters may bear witness to the dawn of a new chapter in the Middle East's economic narrative. The forum, a testament to the power of dialogue and collaboration, stands as a beacon of hope amidst the region's complex landscape.
With the potential to reshape the economic dynamics of Iraq, Jordan, and neighboring countries, the forum underscores the importance of unity and cooperation in today's interconnected world. As the countdown to April 21st begins, anticipation swells for the opportunities and insights that await at the King Hussein Bin Talal Convention Centre.
Iraq's New Dawn: International Companies to Revamp Baghdad's Transport Infrastructure
In a significant stride towards modernizing its infrastructure, Iraq's National Investment Commission (NIC) announced today that it will invite international companies to bid for two major projects. The first is the construction of Baghdad's maiden elevated metro, valued at $2.5 billion, which aims to tackle the city's persistent traffic congestion. The second project involves a railway line connecting the holy cities of Najaf and Karbala.
The Metro: A Beacon of Hope Amidst Chronic Congestion
Baghdad, a city steeped in history and culture, has grappled with traffic gridlock for decades. The proposed metro system, spanning seven lines and 148 kilometers, is envisioned as a panacea for this issue. The project is expected to not only ease commuting but also stimulate economic growth and create jobs.
The NIC has emphasized that the metro will be designed to meet international standards, ensuring safety, efficiency, and sustainability. The plan includes state-of-the-art stations, comfortable trains, and integrated ticketing systems.
The Railway: Bridging the Divide Between Two Holy Cities
The railway project between Najaf and Karbala holds immense significance, as it seeks to connect two of the holiest cities in Iraq. This railway line aims to facilitate pilgrimage and foster unity among the people. The NIC anticipates that this project will bolster tourism and contribute to the region's socio-economic development.
The commission has assured potential investors that the rights of international companies will be protected, creating an attractive environment for investment. The selection process will be handled by an international consultant contracted by the Iraqi government. This consultant will be responsible for auditing and selecting the best proposals.
A Call to Action: Inviting the World to Invest in Iraq
Starting today, the NIC is welcoming bids from international companies and investors through its official website. This open invitation marks a pivotal moment in Iraq's journey towards economic revitalization and infrastructure development.
As Iraq embarks on this ambitious endeavor, it sends a clear message to the global community: it is open for business and ready to collaborate. These projects represent more than just transport infrastructure; they symbolize Iraq's commitment to progress, unity, and prosperity.
The Road Ahead: Building a Brighter Future
The announcement of these projects signifies a new chapter in Iraq's narrative. By leveraging international expertise and investment, Iraq aims to transform its transport infrastructure, improve the quality of life for its citizens, and stimulate economic growth.
In the coming weeks, the world will watch closely as the NIC reviews proposals and selects the companies that will bring these visions to life. It is a moment of anticipation and optimism, a testament to Iraq's resilience and determination to build a brighter future.
Here's what I can tell you. When the dinar changes everybody will know. Everybody in the whole world, everybody knows about. It will be all over the news.When Iraq will be sovereign again, when somebody declare the end of war and everything, that's what's going to happen...
A lot of people's comparing Iraq with Kuwait. Kuwait is only 4,400,000 people...they have 104 billion barrels of oil. Iraq has 140 billion barrels oil and this is only with the 4 or 5 manufacturers. The other ones are not working yet. Iraq from here to 2025 will almost 300 billion barrel of oil...
Algeria is big and has a lot of assets but they have a lot less than Iraq and their dinar is stronger than Iraqi dinars.If you look a the Tunisian dinars, Tunisia has nothing...and their dinars are 3 to 1 - Three dinars to $1. My point is these people has nothing. They're coming out a revolution. They is a mess. It's completely a mess. They lost a lot. The private sector is a mess and its [their dinar] is still strong. Iraq, this rate is still a punishment rate...They have to revalue. If they revalue they're going to revalue 1 to 1.
We coming out from war. We coming out from the worst thing in our life. We just start to walk...We just start to grow...It almost collapsed but didn't collapse. It maintained itself and maintained himself stable...The only thing that destabilize the economy of Iraq is the war...Iraq is a very strong country...In a couple years Iraq is going to be one of the stronger countries in the world...Iraq is very strong.
Iraq survived the worst thing in their life. We survived 3 or 4 wars in the last 50 years. We survived it and each time we came back and we came back strong. This time we're going to come back very strong...Iraq economy never collapse by himself. Iraq economy always stable unless somebody else disable it for them. Iraq's economy is one of the best economy in the world and it's going to come back to the best economy in the world. The negative things about Iraq will never revalue, it's a scam, that's all bullshit. Iraq's going to come back one day and it's coming to come back soon.