Transportation announces the approval of Salah al-Din Governorate on the rail and land routes of the development road, 10 APRIL

Transportation announces the approval of Salah al-Din Governorate on the rail and land routes of the development road

The local government of Salah al-Din Governorate has been consulted in the process of certifying the routes of the land highway and railway construction road, as announced by Minister of Transport Razzaq Muhaibas Al-Saadawi on Tuesday.

A joint report on the development road project in Saladin Governorate has been completed by the General Company for Iraqi Railways and the competent authorities, according to a statement sent by the Minister of Transport to the Ministry’s media office.

Al-Saadawi explained that “the distance of the two lanes is 236 square kilometers,” adding, “the initial designs for the two lanes of the road passing through Salah al-Din Governorate included the establishment of 6 stations for transporting passengers and goods in the cities of Samarra, Baiji, and Tikrit.”

The transport minister emphasized that the ministry is working with the Salah al-Din local government to find quick and efficient solutions to these conflicts before finishing the two routes’ final designs. “The concerned authorities in the governorate indicated in the joint report the conflicts and property acquisitions belonging to citizens, government departments and ministries,” the minister said. roads and railroads that cross the governorate.

“In the spirit of commitment to the plans established for the year of achievements 2024, in the governorates, and in completion of the development road project, this year will witness the completion of visits and tours in the rest of the governorates to complete the signing of all minutes,” stated Younis Khaled Jawad Al-Kaabi, Director General of the General Railway Company.

Al-Kaabi stated that several additional governorates would shortly declare the fulfillment of their development requirements.

"RV UPDATE" BY MNT GOAT, 10 APRIL

  Mnt Goat 

  Does Iraq need the Oil and Gas law in place prior to the RV?   I have to tell you that there is nothing in the 2011 Dr Shabibi plan that tells us it does. Remember back in 2012-2013 he had signoffs from everyone and was moving forward. Did they have the Oil and Gas Law passed. Of course not. So, I believe anything is possible.  

"WHAT ARE THE NEX STEPS" BY MNT GOAT, 6 APRIL

 Mnt Goat   

What are the next steps?

  We know it is the in-country rate needed to support the Project to Delete the Zeros as the next steps and, by design, it is to retrieve all this stashed currency and get it into the banks from the hordes in the Iraqi homes.  Common sense then dictates to us that the only way they will be successful in these next steps is to raise the program rate higher over the dollar to create an incentive for this purpose. This will be the second rate change we have been told would occur and have been waiting for.

But remember that with these next steps, this is still in the “program” rate and for in-country only.  We will still NOT be able to exchange our dinars outside Iraq until the reinstatement which follows the Project to Delete the Zeros... there is much work to be done yet before we go off to the bank to exchange...So now, we are just waiting for the “giant” leap when the CBI gives them the second rate change.  This should bring in much if not all the remaining currency back to the banks that they need desperately for the economy. This second rate change should coincide with the project to delete the zeros...

https://dinarevaluation.blogspot.com/2024/04/what-are-nex-steps-by-mnt-goat-6-april.html

"THE CBI IS MOVING ON A CLOCK NOW" BY MNT GOAT, 4 APRIL

  In today’s article the CBI tells us and I quote again – “the governor of the Central Bank promised to submit a report to the US Treasury to lift the ban on Iraqi banks, which number 28 private banks,” expecting “the ban on those banks to be lifted during the coming period .”

Okay, so we all know that when Iraq says “the coming period” it could means days, weeks or even months. But I don’t believe this is weeks but instead more like days in this case. Why do I say this?

I say this because my contact in the CBI is telling me this is “urgent” and they need to get the Project to Delete the Zeros underway. So, to me there must be some sort of time table going on here. The CBI is moving on a clock now. This is VERY GOOD also because it shows they are aggressively moving ahead now once again with the currency reform (monetary reform). This is exactly what we needed to see. Get it? Will it stall again?

I can’t tell you the schedule going forward but I can say there is some urgency to move ahead to the next step of currency reform. Could it be the Israeli/ Gaza strip conflict? Could they want to get the reinstatement done before this situation blows up? Your guess is as good as mine to answer these questions and I am not going to make up stories to sound so smart and then lie to you. Simply put- I don’t know. I am not going to lie and make up stories like these other arrogant, egocentric, know it all intel gurus idiots....

https://dinarevaluation.blogspot.com/2024/04/the-cbi-is-moving-on-clock-now-by-mnt.html

BREAKING NEWS US DEPT OF DEFENSE ANNOUNCEMENT on Iraq BY SANDY INGRAM

The Minister of Oil announces the imminent start of experimental operation of the Halfaya gas field, 10 APRIL

 The Minister of Oil announces the imminent start of experimental operation of the Halfaya gas field

Oil Priest Hayan Abdul Ghani reported today, Tuesday, the impending beginning of preliminary activity of the Halfaya gas field.

Abdul Ghani told the authority organization and his devotee, “, that “gas is viewed as the energy that can be depended upon later on before very long,” showing that “the Service has made extraordinary strides in the issue of putting resources into gas to lessen its consuming from different fields.”

He added, “Large numbers of the ventures that have been marked and enacted incorporate the Basra (NGL) project, which is (NGL1) and (NGL2), which is carried out by the Basra Gas Organization and is in association among Shell and the South Gas Organization,” highlighting “the marking of an agreement with the French organization All out.” ” This is viewed as one of the Service’s significant agreements for gas speculation with a limit of 600 million cubic feet, notwithstanding the utilization of sun based energy to produce electrical energy, as well as the utilization of seawater for repository infusion purposes, which will give 5,000,000 barrels of stream water for horticultural inspirations, which is viewed as one of the harmless to the ecosystem projects second to none.”

He focused on that “there are undertakings to put gas in the Halfaya field in Maysan with a limit of 300 million cubic feet, which has arrived at the last phases of preliminary activity,” bringing up that “this venture will be worked inside a few months and the gas will be coordinated to the public lattice to work the power stations.”

That’s what he expressed “there is one more task in Nasiriyah with a limit of 200 million cubic feet of gas, which is being executed by an American organization, Dough puncher Hughes,” making sense of that “this undertaking has arrived at a fruition pace of 65% and will be worked during the second from last quarter of this current year at halfway limit.” It surpasses 60 million cubic feet, as gas will be contributed from the Nasiriyah and Gharraf fields.

As to processing plants record, Abdul Ghani made sense of, “We have a Heavenly Karbala treatment facility project with a limit of 140,000 barrels each day, and it is viewed as one of the cutting edge and harmless to the ecosystem treatment facilities second to none.”

He affirmed, “The fruition and activity of the fourth unit in the southern processing plants notwithstanding the northern treatment facilities (Bayji) with a limit of 150 thousand barrels each day,” bringing up that “these treatment facilities were obliterated during the fights with ISIS, yet with the endeavors of the extra men in the Northern Treatment facilities Organization, they were restarted.”

"RV UPDATE" BY SANDY INGRAM, 10 APRIL

 Sandy Ingram  

 Zimbabwe has a new structured currency...People will have 21 days from Friday April 5th to exchange their currency for the new structured currency...[We] were always concerned Iraq would use this same process to eliminate the millions of Iraqi dinar banknotes outside the country.  If this were Iraq and not Zimbabwe, you would only have 21 days to exchange the currency within Iraq.

"RV UPDATE" BY SANDY INGRAM, 9 APRIL

 Sandy Ingram 

  Iraq's prime minister will be in Washington, DC in less than 8 days to meet with President Biden.

 The real effective exchange rate (REER) is a measure of the relative strength of a country's currency in relation to an index or basket of other major currencies.  The REER is used to judge whether the country's currency is undervalued or overvalued or, ideally, fairly valued... 

Nominal Effective Exchange Rate (NEER)...It is an index of the weighted average of bilateral exchange rates of home currency with respect to a basket of currencies of trading partners.  An increase in NEER indicates an appreciation of the local currency against the weighted basket of currencies of its trading partners.

 Iraq's top five export trading partners are India, with $38.8 billion, China with $34 billion, the United States with $10.3 billion, South Korea with 8.21 billion, and Greece with $6.27 billion.    Based on Iraq's export partners the Iraqi dinar definitely could be worth more.  However everything is speculative until the US and Iraq give the green light to float, revalue, reinstate or increase the value of the Iraqi dinar...This could happen overnight but it is unlikely.  

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-sandy-ingram-8-april_01833617722.html

Iraqi Dinar🔥RV Update Of Iraqi Dinar Today By MNT Goat 2024🔥iraqi dinar ...

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!