"IRAQ WILL NEED THE ELECTRICITY FOR THE ELECTRONIC PAYMENT PROJECT TO BE SUCESSFUL" BY MNT GOAT, 9 MARCH

INAUGURATION OF AN ELECTRIC POWER TRANSMISSION LINE IN BABYLON WITH WIRES USED FOR THE FIRST TIME IN IRAQ

Baghdad Today – Baghdad

Today, Thursday (March 7, 2024), Minister of Electricity Ziad Ali Fadel announced the opening of a line to transmit electrical energy in Babil Governorate with wires used for the first time in Iraq.

The ministry’s media said in a statement received by “Baghdad Today”, that “Minister of Electricity Ziad Ali Fadel revealed the details of the new project, which is 18 km long, and passes through 63 towers,” pointing to “replacing the old wires.” With modern wires with high efficiency, allowing the transfer of a larger amount of energy, with limited sagging when temperatures rise, compared to the rest of the types, and it also reduces technical losses caused by losses in energy transmission, thus reducing the need to generate more energy.”

According to the statement, the minister explained that “the use of modern wires will increase the amount of energy transmitted through the line from (840) amperes in the old technology to (2.191) amperes in the new technology, which will raise the amount of Energy transmitted through the line by two and a half times and reduces losses by 35 percent.”

He stressed that “these projects, which are the fruit of cooperation between the Ministry and the Iraqi private sector, will enhance the capabilities of transmission networks, which will reflect positively on the number of hours of energy supply to citizens during the coming summer,” praising “the efforts made to complete the project, starting from the planning and implementation stage to completion.”

He pointed out that “the Ministry is continuing to implement its new and rehabilitation projects in the production, transmission and distribution sectors with the support and continuous care of Prime Minister Mohamed Shia Al-Sudani, and the cooperation of other ministries in this aspect.”

(Iraq will need the electricity for the electronic payment project to be successful. Also think about it…..how many years have we read articles about joint projects and allocated billions of funds between Siemans and GE and still there we nothing to show for it. Now we see some success. )

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

🔥 Iraqi Dinar 🔥 Iraq's Impending Currency Reinstatement Revealed🔥Guru Ne...

"ANALYSIS OF IRAQ NEWS:"AND WHAT IS THE RESULT OF THAT... A NEW EXCHANGE RATE TO ADD VALUE TO THE NATIONAL CURRENCY"BY FRANK26, 9 MARCH

 KTFA:

Frank26:  "AND WHAT IS THE RESULT OF THAT... A NEW EXCHANGE RATE TO ADD VALUE TO THE NATIONAL CURRENCY"............F26

A government advisor to Al-Ghad Press: Dollar prices in the markets will gradually decline

3/4/2024

The financial affairs advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed today, Monday, that the dollar exchange rates in local markets will gradually decline  . 

Saleh said in an interview with Al-Ghad Press, “The demand for foreign currency to finance Iraq’s foreign trade for the private sector and government trade amounts annually to approximately 60 billion dollars .”

He added, "More than 95% of Iraq's foreign trade is financed through the compliance platform in accordance with international standards, and accordingly goods and merchandise flow into the country through the official exchange rate of 1,320 dinars per dollar ."

He continued, "Foreign trade depends on the parallel market at a rate of 5%," pointing out that "the percentage referred to will not affect the local market, especially after the decline in the general level of prices, which does not exceed 4 percent annually ."

He pointed out that "the current monetary and trade policy will provide a gradual reduction between the official and parallel exchange rates, especially after the banking system adapted to the rules of international trade and the principles of financing foreign trade, all of which began to serve the interest of the stability of the national economy ."

Today, Monday, the capital, Baghdad, witnessed a decline in dollar exchange rates with the closure of the main Kifah and Harithiya stock exchanges in Baghdad, recording 149,850 Iraqi dinars against 100 dollars.   LINK

"AMERICA AS AN OBSTACLE TO THE GROWTH OF THE IRAQI ECONOMY" BY MNT GOAT, 9 MARCH

PARLIAMENTARY BLOC: AMERICA PREVENTS IRAQ FROM JOINING THE CHINESE AGREEMENT

Information / Baghdad… The head of the Al-Sadiqoun parliamentary bloc, Habib Al-Halawi, confirmed today, Sunday, that America is pushing to prevent Iraq from joining the Belt and Road Initiative.

Al-Halawi said in an interview with the Maalouma Agency, “The United States of America is pushing to prevent and obstruct Iraq’s association with the Silk Road Economic Project, adding that Iraq’s association with the Chinese initiative represents a strategic opportunity to activate Iraq’s role within the Belt and Road Initiative.”

He pointed out that “America stands as an obstacle to the growth of the Iraqi economy and does not allow Chinese companies to invest in Iraq, stressing that there is a desire among the Iraqis to consolidate bilateral relations with China.”

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

"RV UPDATE" BY MILITIAMAN, 9 MARCH

 Militia Man

  Ministerial Council of Economics... Ministry of Planning, Industry, Trade, Central Bank of Iraq, Prime Minister, Deputy Prime Minister, advisers, all of those folks that are involved...have been knocking it out of the park themselves and showing why they are bringing Iraq to be the financial savior...The world expectations are Iraq is going to be a key component into the global financial system...When they say it's imminent that's a broadcast to the world...

  I got a lot of blowback from me using the word imminent.  I didn't use those words, that wasn't me talking.  It's not me telling you - They are telling us.

  Article:   "Iraq announces its imminent accession to the World Trade Organization" 

  I didn't say it other than reiterating what the quote is... They said that.

 Article "The dinar and the dollar" 

Remember Al Sudani told everyone that the Iraq dinar will return to its lofty economic value because the dinar is stronger than the dollar. 

 There are things that are coming back up.  This is Muhammad Rasheed, he's talking about the national currency...the dinar.  He's stating that the economic world is witnessing a qualitative boom in awareness.  A lot of people around the world are figuring this out and very soon it will overthrow the dollar.  So the dinar is going to be stronger.  Al-Sudani told us that...This guy Muhammad Rasheed is holding his feet to the fire...  

President Joe Biden Finally Announcement Iraqi Dinar RV Done | New Rate ...

"ANALYSIS OF IRAQ NEWS: The Ministry of Finance issues a new statement regarding the application of “automation” of customs and clarification regarding the Grand Square" BY CLARE, 9 MARCH

 The Ministry of Finance issues a new statement regarding the application of “automation” of customs and clarification regarding the Grand Square

3/8/2024

  

This Friday morning, the Ministry of Finance issued a new statement regarding the application of “automation” of customs.
 

Her statement, which {Al-Furat News} received a copy of, stated,  “her emphasis on establishing clear work standards consistent with the adoptions of the government program approved by the House of Representatives and related to modernizing the financial policy strategy, including customs performance, in addition to what the program approved of the necessity of moving towards... Diversifying and maximizing the state’s financial resources outside of oil revenues. Accordingly, the Ministry embarked on adopting an integrated vision towards improving the reality of customs work similar to the rest of the developed countries, which was represented by the recent application of customs automation in accordance with the global ASYCODA system at the Great Welcome Square Customs Center, which includes the Basra Gate Center and Umm Qasr Customs. "The system will be opened in both the southern and central Umm Qasr areas."

She indicated that "earlier, the system was opened at the air cargo customs at Baghdad International Airport and the dry port, in addition to that work is continuing at an increasing pace to complete the system in each of the customs centers in the western region (Ramadi / Trebil / Al-Qaim / Arar), and the same is true for the centers." Customs in the Central Region, and accordingly, all incoming goods, shipments, and materials are subject to smooth and simplified processing and auditing processes that reduce time and effort in completing them, unlike previous procedures.”

She explained, "Regarding the news reported in some media circles about allowing the entry of a number of goods into the Customs Customs of the Grand Welcome Square in Umm Qasr Port, as the permit to enter these shipments relates exclusively to the goods and materials that have been audited and processed in accordance with the customs procedures that preceded the start of the recently applied electronic automation." As well as those that have been completed according to the electronic system, the shipments and materials received will be entered before 6-3, which is the date on which the involved parties commit to entering their data into the system.”

The Finance Ministry affirmed its "continue to adopt modern methods and systems in accordance with international standards, including the electronic automation system in customs work that is currently implemented as a first step to include all centers and ports of land, sea, and air alike."

LINK