"Nigeria-Vietnam trade chamber partners UNILAG to revolutionise microchip industry."
Nigeria and Vietnam are making bilateral trade agreements to move forward with the microchip industry.
As we learned just a few days ago, Nigeria is moving to a free floating rate exchange allowing supply and demand to determine their exchange rate.
Microchips and semiconductors play a critical role in the Global Economy, and these new demands will increase new economic influences in each other's country and the world.
There is no doubt that this particular move between Nigeria and Vietnam in the microchip industry will influence the exchange rate in both countries.
Iraq will produce double the electricity coming from Jordan and 2% of Iranian gas!
Iraq is scheduled to start its first trash-to-electricity experiment next month. The project would use 3,000 tons of waste each day in Baghdad, the country’s capital, to generate energy equal to double the amount that will enter Iraq via Jordan and 2% of Iran’s gas supply.
Karim Azab, Assistant Director General of the Baghdad Municipality’s Department of Environment and Solid Waste, clarified that the project’s investing company will be chosen at the beginning of March of next year. This is because the Municipality has designated the Al-Nahrawan area on the Rusafa side as the location for the project’s implementation, provided that the landfill site is designed in accordance with international environmental specifications and standards. Al-Sabah, the official newspaper, claims.
He emphasized that by investing 3,000 tons of garbage every day, the project, whose implementation would take 24 months, will help save 80 to 90 megawatts.
He said that the Municipality of the Capital is working to invest about 6,000 tons of waste per day through the two aforementioned projects, and that the Municipality is planning a similar project on the Karkh side in the Abu Ghraib region. He said that this project will be announced as an investment opportunity after the lands on which it will be implemented have been expropriated.
The 6,000 tons represent about half of the rubbish that Baghdad discards on a daily basis. Regarding the electricity production from the Nahrawan project, which is expected to reach 80–90 megawatts, this is equal to twice the amount that will be supplied to Iraq from Jordan within the first phase of the electrical connection, which is 40 megawatts, for which contracts were signed two days ago. It is anticipated that this amount will rise to 150 and then 500 megawatts in the second phase.
Remarkably, 90 megawatts is also equal to 2% of Iraq’s entire electrical production from Iranian gas.
...So, when this “temporary” new IQD rate does come out in Iraq, in the meantime it gives Iraq time to monitor for inflation and watch for corruption scandals. They plan to do this for a period of time. It could be 3 days, 3 weeks or even 3 months, etc.. We don’t know and they don’t know.
Personally, I believe it will be much sooner than later unless they have a major issue in the process.
Remember too in today’s news they tell us it is recommended to take a month to collect the three zero notes .
Coud this be their time period?
But they have not even started the process yet and so how can we possibly have an RV this week or this weekend or even for weeks to come?
Are you listening to me?
I am attempting to show you how foolish all these idiot intel gurus are. They have no proof of an imminent RV. Most just regurgitate what they hear and have no brains to research or how to research for themselves.
Iraq follows Russia as second largest oil supplier to India
According to data released by the Indian Ministry of Commerce and Industry, as of December 2023, Iraq was India’s second-largest oil supplier, after Russia.
The data shows that the cost of Russian crude oil sold to India dropped to $77.82 per barrel, while the cost of oil exports from Iraq was $79.34 per barrel.
India, the world’s third-largest oil consumer, is said to get its oil mostly from Russia and Iraq.
Since the invasion of Ukraine in early 2022, when several purchasers refrained from purchasing Russian oil, Indian oil refineries have been scurrying to purchase low-cost Russian oil.
Since the middle of 2023, oil exports from Russia have become comparatively more costly, trading at values that are quite comparable to those from Iraq.
Saudi Arabia is India’s third-largest oil supplier, and its oil imports are said to be the priciest of all. In December 2023, the average price at which Saudi Arabia exported crude oil was $87.19 per barrel.
The good news is that this final rate change must be getting close at hand as my CBI contact informed us last week, as you already may know, that someone on the committee team was tasked to supply the IT people with a good set of pictures of the lower denominations along with the coins and a written explanation of how the conversion would work from the three zero notes.
This all fits into what we are now hearing in our news of today only let’s not go off half-cocked and over speculate on the news,,,okay, like some idiots I know… ☹ . However, keep that champagne ready!