Sudanese government spokesman announces a 50% reduction in external debt , 10 APRIL

  Sudanese government spokesman announces a 50% reduction in external debt

4/8/2024

The Iraqi government announced, on Monday, a 50% reduction in external debt, renewing its determination to continue creating a qualitative shift in the Iraqi economy. 

Government spokesman Bassem Al-Awadi said in a statement received by Shafaq News Agency, “As an emphasis from the government on transparency in economic work, and informing public opinion and national and international media of Iraqi economic performance, and in light of the Council of Ministers’ approval of the recommendations of the Diwani Order Committee 23942, related to regulating borrowing.” The government took a series of executive measures and adopted a package of financial decisions that resulted in reducing the external public debt by more than 50%, bringing the debt down from $19.729 billion in late 2022 to $15.976 billion in 2023. “Righting to approximately $8.9 billion this year.”

He added, "These financial steps (which included stopping a number of borrowing operations due to their delay and unproductivity, organizing and managing debts and auditing them, and restructuring some debts and directing them to create strategic projects) aim to prevent the Iraqi economy from mortgaging obligations that may affect the political decision in the future." Or in the path of national development, which coincides with an urban renaissance and infrastructure reconstruction, which opens the way to a promising future and a revitalized economy, in which our current and future generations perform best and obtain the greatest opportunities. ”

Al-Awadi continued, “The government organized the process of financing cooperation with the international community in specific contexts, including direct productive borrowing, providing sovereign guarantees to ensure the production of projects undertaken by the private sector for the benefit of the government, and sovereign guarantees provided by the government for the benefit of institutions that finance the Iraqi private sector importing production lines for Building factories inside Iraq.

He pointed out that "these steps pave the way towards further integration of our country into the international economic cycle, and for the government to adopt the principle of productive borrowing only, which effectively leads to an increase in the domestic product, and the financing of national service and productive projects with economic returns, in a way that ensures their completion and is not delayed." .

With these firm steps, Al-Awadi explained, “The government renews its determination to continue making a qualitative shift in the Iraqi economy, in parallel with tangible development in the services, infrastructure, and social care sectors, which are all the pillars required to meet the aspirations of our people throughout Iraq, and implement the government program with its priorities and goals.” ".   LINK

Ryan1216:  Powerful article! Bring this home for us all Sudani!

"RV UPDATE" BY FRANK26, 10 APRIL

 Frank26  

  Question: "How long do you think we'll have to exchange IYO?"  I don't know.  Normally they give you anywhere from 6 months to about a year.

  When you hold up the new lower notes you will not be able to see all the safety features, not even with a black light.   This currency is so far advanced you cannot counterfeit it because you don't even know what's in it. 

 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/rv-update-by-frank26-9-april.html

frank26: "SUDANI IS PAYING MANY 

BILLS"...........F26

Baghdad releases 430 billion dinars in funding for the Kurdistan Region’s salaries

4/7/2024

 

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

According to a statement by the Ministry of Finance of Kurdistan, “Recently, an amount of 430 billion and 109 million dinars was 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 money, as stated in the statement, is part of the monthly salary of employees in the Kurdistan region.

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

LINK

https://dinarevaluation.blogspot.com/2024/04/sudani-is-paying-many-bills-by-frank26_0477070405.html

Iraqi Dinar🔥Even Greater News Coming Out From Iraq Today 2024🔥iraqi dina...

Iraq ranks fourth as the best emerging market for investment in 2024 (infographic) , 10 APRIL

 Iraq ranks fourth as the best emerging market for investment in 2024 (infographic)

4/9/2024

Iraq ranked fourth in the foreign direct investment rankings and the best emerging markets for investment in 2024.

A study by the FDI Intelligence website, which specializes in foreign direct investment affairs, indicated, “This classification is evaluated based on several criteria, including the growth of the gross domestic product, the inflation rate, the growth in capital spending in foreign direct investment , and the growth rate in foreign direct investment projects.”

He pointed to "a noticeable improvement in the investment climate in Iraq and the efforts made to strengthen the economic sector and attract more foreign direct investments."

The study explained, “This classification highlights the importance of Iraq as an important investment destination in the region.” 

See all charts at link:   LINK

"RV UPDATE" BY MILITIAMAN, 10 APRIL

 Militia Man

  Iraq is getting ready to go international and they are going to become a powerhouse in the world because they have a lot of value.  They have a a lot of assets.  They have natural resources to the extent...they're 1st, 2nd, 5th, 10th in the world of having the biggest deposits in the world.  They also have one of the youngest populations and growing populations... The WTO and the World Customs Organization are probably chomping at the bit waiting for Iraq to do what? Give themselves a Real Effective Exchange Rate and to move forward..

Al-Sudani is coming to America and hopefully coming home that he has accomplished everything in Iraq's favor as a whole.   So give or take, whether it's before he comes home or after he comes home Iraq is going to be whole.   That means everything is in Iraq's cards...they have the ability to be sovereign again.  That's what we're waiting for.

Iraqi Dinar🔥$3.22 True Value Of Iraqi Dinar Decided Today 2024🔥iraqi din...

Awadi announces external debt drop to about $9 billion this year,10 APRIL

Awadi announces external debt drop to about $9 billion this year

Economy News – Baghdad

The spokesman for the Iraqi government, the name of Al-Awadi, announced on Monday that it has reduced the external debt and decreased to approximately $8.9 billion during the current year 2024.

Al-Awadi said in a statement, seen by “Economy News”, that “as an affirmation by the government of transparency in economic work, and to inform national and international public opinion and media about Iraqi economic performance, and in light of the approval by the Council of Ministers of the recommendations of the Diwan Order Committee 23942, related to the regulation of external borrowing of Iraqi public foreign debt, the government has taken a series of executive measures, and adopted a package of financial decisions, which ended in reducing external public debt by more than 50%, to reduce the debt from $1 19.729 billion in late 2022, to $15.976 billion in 2023, to nearly $8.9 billion this year.”

Al-Awadi explained that “these financial steps, (which included stopping a number of borrowing operations due to their relaxity and non-productivity, regulating, managing and auditing debts, and restructuring some debts and directing them to create strategic projects), aim not to mortgage the Iraqi economy to commitments that may affect, in the future, the political decision, or the path of national development, and they coincide with an urban renaissance, and reconstruction in infrastructure, which opens the way for a promising future and a refreshing economy, in which our current and future generations perform the best performance, and receive the greatest opportunities.”

He pointed out that “the government organized the process of financing cooperation with the international community in specific contexts, including direct and productive borrowing, providing sovereign guarantees to ensure the production of projects carried out by the private sector for the benefit of the government, and the sovereign guarantees provided by the government for the benefit of institutions that finance the Iraqi private sector importing production lines in order to build factories inside Iraq.”

He stressed that “these steps pave the way for the further integration of our country into the international economic cycle, and that the government adopts the principle of productive borrowing only, which effectively leads to an increase in GDP, and the financing of service and productive national projects with economic returns, in order to ensure their completion and not delay.”

Al-Awadi continued, “With these steady steps, the government renews its determination to continue to make a qualitative leap in the Iraqi economy, in parallel with a tangible development in the services, infrastructure and social welfare sectors, which are all the pillars required to meet the aspirations of our people throughout Iraq, and implement the government program with its priorities and objectives.”

https://economy-news.net/content.php?id=42316