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"TINK AND I WENT THROUGH THE TUNNEL OF THE SUEZ CANAL, IT IS MASSIVE... AND SO IS ITS FINANCIAL POTENTIAL!!!" BY FRANK26, 8 APRIL

 KTFA

FRANK26: "TINK AND I WENT THROUGH THE TUNNEL OF THE SUEZ CANAL, IT IS MASSIVE... AND SO IS ITS FINANCIAL POTENTIAL!!!"...........F26

Iraq will become an "alternative" to the Suez Canal

4/5/2024

Reports published by Reuters International and Splash News Agency, today, Thursday, described the large Al-Faw port project, which was expected to be completed next year, as “an alternative to the Suez Canal,” stressing that “Iraq will become, during the next few years, a “center” for international trade between the East and the Middle East.” And the West.” 

 

Reuters said, according to a report translated by NRT Arabic, that the Gulf countries are fully aware of the economic development taking place in Iraq, which is expected to increase soon with the completion of the Al-Faw port project and “huge” business projects, including Gulf investments in the country through the establishment of residential complexes and tourist hotels, indicating, “The Gulf has begun... "He is testing the waters by transferring his international investments to Iraq." 

 

She continued, "According to Gulf expectations, Baghdad will become one of the most important Arab capitals for the next twenty-five years," explaining what Splash Agency reported about the expected development of the Iraqi economy through the end of the Al-Faw port, which she said would turn Iraq into an "alternative" to the Suez Canal and an international trade corridor connecting Between East and West. 

 

The agency also confirmed that the new port will be able to receive goods and goods and transport them through Iraq to Turkey and then Europe in a “huge and unprecedented” manner by receiving cargo ships and giant oil tankers, which will “contribute” to transforming Iraq into an oil export center in addition to its new location as an alternative. About the Suez Canal, according to its description. 

 

The agency also noted that the Al-Faw port project, which has been stalled since 2010, is expected to end next year with the Iraqi authorities insisting on ending it after concluding an agreement with Turkey to establish railways and roads worth $17 billion, ensuring that the two countries will transform into a commercial transport point. Goods and commodities between the continents of Europe and Asia. 

 

It is noteworthy that the agency also indicated that the limited transportation of ships through the Suez Canal, which allows the passage of a small number of tankers and giant trucks, will help transform the large Al-Faw port and its transportation route into a “suitable alternative” that allows the movement of very large quantities of goods and commodities without long waiting periods, according to the agency. Describe it.

 

LINK

"RV UPDATE" BY FNU LNU, 8 APRIL

"RV UPDATE" BY FNU LNU, 3 APRIL

 Fnu Lnu 

   Article quote: "Al-Kadhimi indicated that increasing the budget’s overall amount, from 199 trillion Iraqi dinars (nearly $152 billion) to 228 trillion Iraqi dinars (approximately $174.04 billion), resulted in a rise in the deficit, revealing that the budget is still being discussed in the Council of Ministers and would likely be presented to the Iraqi Parliament next month."   It would logically follow that a revaluation would be likely before next month's USA confab.

 [Response to Pimpy's HCL non-revenue sharing post from 3-31-2024 below]  

The notion of revenue-sharing is nothing new in the Middle East.  Bruni and Kuwait both do it...Revenue Watch Middle East Director Yahia Said recently returned from several months in Iraq working on the International Compact with the UN...This USIPeace Briefing summarizes the discussion.  Many Iraqi citizens look to the law for what it can contribute to reconciliation, security, and welfare. The three parts of the agreement will deal with the issues of 1) revenue sharing; 2) restructuring of the ministry of oil; and 3) establishing the Iraqi National Oil Company (INOC). 

  It is quite clear that the HCL has intentions to codify the issue of welfare (not for government) and the number 1 issue is REVENUE SHARING.  To be more specific; Section 1314 of the FY2007 Supplemental Appropriations Act [P.L.110-28] specifically identified the enactment and implementation of legislation  “to ensure the equitabledistribution of hydrocarbon resources of the people of Iraq without regard to the sect or ethnicity of recipients” and “to ensure that the energy resources of Iraq benefit Sunni Arabs, Shia Arabs, Kurds, and other Iraqi citizens in an equitable manner” as benchmarks . 

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-fnu-lnu-2-april.html

Iraqi Dinar ✅ Rafidain Bank🏦 Great News For IQD💰 Holders New Rate On Scr...

Baghdad launches 430 billion dinars of Kurdistan region salary funding, 8 APRIL

Baghdad launches 430 billion dinars of Kurdistan region salary funding

  The Ministry of Finance of the Kurdistan Region announced the deposit of 430 billion dinars of salaries from Baghdad in the bank account of the ministry.

According to the statement of the Ministry of Finance of Kurdistan, “Recently, an amount of 430 billion and 109 million dinars has been deposited by the Ministry of Finance of the Iraqi government on the bank account of the Ministry of Finance and Economy in the Kurdistan Region in the Erbil branch of the Central Bank of Iraq.”

The funds, as stated in the statement, are part of the monthly salary of employees in the Kurdistan Region.

The Federal Ministry of Finance announced yesterday the launch of salary funding for employees of the Kurdistan Region for the month of March, “because the mechanism of completing the settlement of their salaries requires an additional period of time.”

https://alforatnews.iq/news/بغداد-تطلق-430-مليار-دينار-من-تمويلات-رواتب-إقليم-كردستان

"LIKE WE SAID KTFA... SUDANI MAINLY TALKS ABOUT THE MONETARY REFORM TO WASHINGTON!!! BY FRANK26, 8 APRIL

 KTFA

FRANK26:"LIKE WE SAID KTFA... SUDANI MAINLY TALKS ABOUT THE MONETARY REFORM TO WASHINGTON!!!"............F26 

Advisor to the Association of Private Banks: Al-Sudani will discuss the sanctions file on 28 banks in Washington

 

 

4/5/2024
 Baghdad
 

Advisor to the Association of Private Banks, Samir Al-Nusairi, announced that the US sanctions on 28 banks constitute one of the important files on the agenda of Prime Minister Muhammad Shiaa Al-Sudani during his visit to Washington.

Al-Nusairi said in an interview followed by Al-Eqtisad News, “During his visit to Washington, during which he will be accompanied by a delegation from the Central Bank and the banking sector, Al-Sudani will discuss the sanctions and restrictions imposed by the United States on the 28 banks, which deprived them of dealing in the US dollar.”

He believed that these sanctions and restrictions constitute “one of the important files that the Prime Minister carries with him to Washington,” indicating that the file “falls within the financial and banking reform stipulated in the Prime Minister’s government program.”

LINK

"I lost my receipt, is that going to be a problem?" by FRANK26, 7 APRIL

 Frank26 

 Question "I lost my receipt, is that going to be a problem?" 

 Yeah that's a problem when you get  audited but that's the only time it's a problem. 

 When you get audited they're gong to ask you when did you buy that and if you've held your dinar for one year and have proof of a receipt you'll probably be in the 20% but if you have held it for one year and you don't have a receipt you'll probably be in the 40%. 

 I'd rather pay $200,000 on a million than $400,000.  

You lost your receipt?   Call the person you bought it from to see if their records have it...Did you write a check?  Got to your bank and ask...please look  up my check statement on this date on this month on that year...  

https://dinarevaluation.blogspot.com/2024/04/i-lost-my-receipt-is-that-going-to-be.html