What Is The Economic Feasibility? An American Website Monitors The Flow Of Billions Of Gulf Dollars Towards Iraq, 10 APRIL

What Is The Economic Feasibility? An American Website Monitors The Flow Of Billions Of Gulf Dollars Towards Iraq

 
Economy     Iraq     breaking     Gulf investments  2024-04-07 07:09
 
Shafaq News/ Al-Hurra website highlighted the trend of Gulf funds towards investing in various Iraqi sectors during the past two years, indicating that this trend raises many questions about its economic feasibility.  The website mentioned in a report seen by Shafaq News Agency:
 
Gulf capital has been going to Iraq at an accelerated pace over the past two years, which reflects the attractiveness of Baghdad as a new investment destination for the Gulf Cooperation Council countries.
 
After decades in which Iraq suffered from the scourge of wars and internal violence, Saudi Arabia, Qatar and the UAE entered forcefully through massive economic investments in a country where Iran was able to gain a foothold after the fall of Saddam Hussein's regime in 2003.
 
Last Friday, the Iraqi Ministry of Planning announced the signing of 12 memorandums of understanding with Saudi Arabia for “specific investment projects,” according to a statement received by Shafaq News Agency.
 
The ministry said that the signed memorandums of understanding "came with the aim of enhancing cooperation in a number of qualitative investment projects in Iraq."

"RV UPDATE" BY TEXAS SNAKE, 10 APRIL

TEXAS SNAKE

Tues. 9 April Texas Snake

 “Pay attention to any announcement which may be forthcoming tonight or tomorrow Wed. 10 April. 

Things are looking very positive at this point in time. …Everything I had heard was repeated with one exception, those holding ZIM will have a 10 day window to redeem.”

----

Texas Snake, [04/06/2024, 9:04:35 p. m.]:

Have received multiple communications today that this is our month, most are settling on the 21st or 22nd as the actual announcement date with the appointments to exchange following.  

I have forwarded all these messages to my WF banker who will hopefully have some conclusions when he calls me in the morning with his latest update. 

I know Salty Toes is always concerned when I post such info as so many are at the very end of their ropes financially but this currency reorganization world wide is a fact happening.  Use discernment and continue to do your own research.  GOD Bless .

Thanks will just open her up

Texas Snake, [04/06/2024, 10:56:02 p. m.]:

Was going to wait until the call was over but have time constraints

We appear to be in a gret placer folks

Texas Snake, [04/06/2024, 11:02:13 p. m.]:

They are supposed to announce the new values in country of the IQD on the 21 first

Have known the owner of Snoopy's sine he was in High School and we live on the main channel into Padre Isles riight down from his place.

Nothing more until I hear from the banker in the morning so will be back thenKS

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-texas-snake-9-april.html

"RV UPDATE" BY PIMPY, 10 APRIL

  Pimpy 

 You guys are still saying the LOP and the deletion of the zeros are two separate things.  It's the same damn thing...LOP, the deletion or the zeros, the removing of the zeros, the reducing of the zeros are the same thing.  It's called a re-denomination...When a country re-denominates the old currency is no  longer any good...

Iraq is transforming in a very quick and powerful way is great news... The fact they're able to accomplish all these projects and there are a lot of huge projects being accomplished somehow with an exchange rate of 1320...

 There seems to still be some confusion about the official exchange rate versus the real effective exchange rate... comments like "When they get to the real effective exchange rate" or When they switch to the real effective exchange rate." Or "When they use the real effective exchange rate"...

This is confusing...what a real effective exchange rate is...An official exchange rate is at which country's currency can be exchanged for another country's' currency...Real Effective Exchange Rate is a broader measure that takes into account not just one bilateral exchange rate but a weighted average of a country's currency against the basket of it's major trading partners...Iraq already reports the effective exchange rate...It's already there...you don't have to wait for the real effective exchange rate to come popping up, it's already being used...

"IMPORTANT IRAQ NEWS: THE SUDANESE DIRECTS TO REJECT ANY DELAY OR DELAY IN THE DEVELOPMENT ROAD PROJECT.. AND AN IRAQI DELEGATION VISITS EUROPE" BY MNT GOAT, 10 APRIL

THE SUDANESE DIRECTS TO REJECT ANY DELAY OR DELAY IN THE DEVELOPMENT ROAD PROJECT.. AND AN IRAQI DELEGATION VISITS EUROPE

Today, Thursday, Prime Minister Muhammad Shiaa Al-Sudani chaired the sixth meeting of the Supreme Committee for the Development Road, during which the latest executive steps were followed up and the procedures related to the project continued to be completed, and ways to resolve controls and instructions related to customs, tax and transit tariffs were discussed, within Project management and operation system.

The meeting also witnessed discussion of the tasks of the diplomatic delegation that will visit the European Union countries, in coordination with the Turkish side, within the route of the stations related to the project. The current position of expropriations related to the route of the road was also reviewed, and ensuring the removal of any technical or legal conflicts from all sections.

During the meeting, the Prime Minister stressed the importance of continuous coordination between the relevant authorities, ministries, relevant formations and governorates, on the path of the road, and that these parties as a whole deal with the development road project as a special priority for the Iraqi economy, and that they work to reduce time, overcome routine obstacles and bypass Obstacles.&nbsp ;

Al-Sudani also renewed his previous directives to reject any case of delay or delay, given the exceptional importance posed by the path of development, its pivotal position and its connection to all economic development sectors, and the government’s plans to achieve a comprehensive future economic renaissance.

The meeting also reviewed the progress rates achieved in the Al-Faw Grand Port project, its five berths, and the conformity of the work progress with the implementation schedule.

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

U.S. Debt Explosion To Trigger Currency Crisis, The Fed Is 'Trapped'

"RV UPDATE" BY WALKINGSTICK, 10 APRIL

  Walkingstick  

 It's not 92% [of the 3 zero notes] they've collected.  It's a lot more...  It's at your doorstep.

Sudani is not going to go see Biden with a resigned executive order 13303 because it means the monetary reforms new exchange rate is free as bird to come out.  It means Iraq is a sovereign nation now with a sovereign currency...Sudani goes to Washington on the 15th...to announce a new sovereign and confident Iraq under new the new leadership of Sudani and his staff...

 Executive order 13303 was the protection of the DFI funds of their oil money.  All protected by the United States of America...

No one could sue Iraq. Now it's different, this executive order has come to an end...Iraq's new currency exchange rate is under the DFI funds... 13303 was not sighed.  This is good.  It is fantastic because...as long as the executive order was in place Iraq could not reinstate its currency.. .

 There's nothing like the facts. Everything they're telling the Iraqi citizens is a fact because it's coming from the right sources.

https://dinarevaluation.blogspot.com/2024/04/rv-update-by-walkingstick-5-april.html

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.