Petra
Early Monday morning was the article demonstrating the fact that Sudani was considering changing the rate of the dinar from 1310 to 1.32 which for us in the United States is $0.79...
Then the very next day we get an article talking about the new small category notes. They're talking rate, they're talking notes. And then you got Tannini the Commerce Director there talking about a surprise could happen within hours in regards to their monetary reform...
Iraq to sign new maintenance contracts with General Electric
General Electric (GE) said on Thursday that it will enter into long-term maintenance contracts with the Iraqi Ministry of Electricity, with a production capacity of about 9,000 megawatts.
GE also announced its intention to incorporate digital technologies into energy production in Iraq.
Rashid Al-Janabi, the company’s director in Iraq, said in a statement that GE is presently exploring long-term maintenance contracts in Iraq to ensure energy supply from the company’s gas-powered power facilities.
Al-Janabi highlighted that, in addition to establishing monitoring, control, and diagnostic centers to maintain and improve the system’s performance, the agreement with the Ministry of Electricity will greatly speed investment.
The agreement will entail the creation of a training center to improve the professional skills and leadership abilities of the Ministry of Electricity’s personnel.
The use of digital technology will improve and boost production capacity, as well as the efficiency of the units, allowing for the best possible output.
Frank26
There was an announcement made by the Prime Minister Sudani...He told the Iraqi citizens, I'm going to add value to your currency. He used a solemn oath that swears upon Allah their God. You don't go around breaking that promise.
It was exciting to realize the Prime Minister told the people, I assure you, I give you a solemn holy oath were going to add value to the currency... Sudani told the citizens we're going to raise it to $1.32...He explained if we lift the 3-zeros from the exchange rate we'll be able to give you $1.32 in country. That's good purchasing power.
America clarifies its goal of exempting Iraq from importing Iranian energy!
The US State Division expressed the justification for the exceptions conceded to Iraq to import gas and energy from Iran notwithstanding the approvals, noticing that the exclusions expect to offer Iraq a chance to lessen its imports and decrease its reliance on Iran, and Iraq prevailed with regards to diminishing its energy imports from Iran by half during the previous 10 years.
US State Division representative Matthew Mill operator said that the exception, which terminates toward the finish of this current month, has been reestablished for the 21st time. These exceptions were given consistently to Iraq, and date back to 2018 under the past organization.
Mill operator brought up that the cash that Iran acquires from offering power to Iraq isn’t permitted to enter Iran, adding that the cash is kept in limited accounts and must be utilized in exchanges to buy food, medication, clinical gadgets, and agrarian items, as well as “different exchanges that are not controlled.” For discipline.
He made sense of that piece of the US’s more extensive objective is to move Iraq away from depending on Iran to give power, since that is these exclusions’ specialty.
Mill operator brought up that Iraq has gained genuine headway on its way towards accomplishing energy adequacy starting around 2020, taking note of that it diminished its imports of Iranian energy by the greater part throughout the last ten years, and multiplied its electrical energy age, and we will keep on working with them and backing them in their endeavor to become free in the field of energy. .
Iraq imported 297 billion cubic feet of gas in 2021, contrasted with 364 billion cubic feet in 2020, then, at that point, it expanded somewhat to 333 billion cubic feet in 2022.
FREEDOM FIGHTER
🇮🇶 CBI announces an “understanding” with US Treasury about removing sanctions from 14 Iraqi banks 🏦
🇮🇶IRAQ states removing the sanctions from those 14 banks will help increase the value of the Iraqi Dinar
Why❓
✅Because it will allow those 14 banks to trade internationally which helps increase the demand for the Iraqi Dinar
https://shafaq.com/en/Iraq/CBI-announces-an-understanding-with-the-US-Treasury-t-reconsider-sanctions-and-points-t-illicit-trade
