Monday, May 27, 2024
Sudanese Lassakhart: Demand to end UNAMI work for political and security stability in Iraq, 27 MAY
Sudanese Lassakhart: Demand to end UNAMI work for political and security stability in Iraq
Prime Minister Mohammed Shiaa Al-Sudani, on Sunday, informed the Special Representative of the United Nations Secretary-General for Iraq, Jinin Plaskhart, on the occasion of the end of her duties, why Iraq requested the end of {UNAMI} work in the country.
A statement by the Prime Minister’s Office, a copy of which was received by {Euphrates News}, said that during the meeting, Al-Sudani expressed the government’s appreciation for its efforts throughout its work in Iraq.”
He pointed out that the request to end the work of the UNAMI mission comes based on the political and security stability witnessed by Iraq, and the progress it has made in several fields, pointing to the continuation of the Iraqi government in cooperation with the international agencies of the United Nations, in accordance with the government program and its development objectives and at all levels and fields, especially with the progress made in the fields of economic reform and the reconstruction of infrastructure, and the growing capabilities of our armed forces of all types.
For its part, Blaskhart renewed its praise on the important steps and promising initiatives presented by Iraq during the last eighteen months, especially in the fields of service provision, infrastructure reconstruction and investment, plans to mitigate environmental impacts, and reduce dependence on imported fuel.
"RV UPDATE" BY BRUCE, 27 MAY
Bruce
[via WiserNow]
...We have Memorial Day on Monday -- It looks like we probably will not get...the 800 numbers to call in until Tuesday -- when everybody's back at the redemption centers back to the call centers. I believe we're gonna get those on Tuesday and exchange if we get them early enough, either on Tuesday afternoon or on Wednesday...That's where I've been led from these sources that we have.
[via WiserNow] ... the rates are moving in the direction that we actually expect them to be ...Rates are populating and...they were...moving at 90 miles an hour...I don’t know if we are going to have fixed rates when we go in or whether we're going to have variable rates because they're still being traded up or down...But whichever it is they're going to be...
very good. And I heard... that the contract rate on the dinar is going to be very very high... the contract rate is based on what a barrel of oil in Iraq can be sold to a buyer like Turkey who's buying oil by the barrel from Iraq, that created a...contract rate for us...So I think we're going to be very pleasantly surprised by that...we're looking forward to getting this very soon.
We know that...Iraq paid back the IMF – a loan that they got in 2003...that's when the new 25 10,000 5000 1000 dinar notes were printed. Our notes that we have now are printed starting in 2003. And they paid the IMF back at $8 billion against a loan Iraq received in 2003... Now, to do that, you had to have a revalued dinar...to make that doable...
the rates are actually on the ATM’s in Baghdad in airports and other places. So have they converted over to I think the new rate in country – yes... they're keeping it hidden until they're ready for everything to be released.
...we have about 17 - 18 currencies that are going up substantially in value. We know that you know that obviously dinar and Dong - Dong is one of those...
Sunday, May 26, 2024
The initiatives of the Iraqi Central Bank for housing lending amount to 11 trillion dinars, 27 MAY
The initiatives of the Iraqi Central Bank for housing lending amount to 11 trillion dinars
Baghdad – Mawazine News
The Governor of the Central Bank of Iraq, Ali Al-Alaq, announced today, Saturday, that the bank’s initiatives for housing lending have reached about 11 trillion dinars.
Al-Alaq said in a statement received by Mawazine News, that “there is an urgent need today to stimulate and diversify the Iraqi economy,” stressing that “the initiatives of the Central Bank of Iraq for housing lending launched through the Real Estate Bank and the Iraqi Housing Fund reached about (11) trillion dinars.”
Al-Alaq stressed the need to expand the base of financial inclusion in Iraqi society, especially the expansion of the activities of small and medium-sized companies, which are the backbone of the economy, pointing out that “the employment of labor is of interest and focus of the Central Bank and the continuation of its initiatives for small and medium enterprises, which will culminate in the launch of the Riyad Bank supported by the Central Bank of Iraq and the contribution of civil banks.”
He pointed out that “the development and implementation of the national lending strategy for the years 2024-2029 requires cooperation between a wide number of relevant and particing interest, to achieve the desired goal.”
"RV UPDATE" BY MARKZ, 27 MAY
MarkZ
[via PDK]
did hear some interesting things from military contacts. One in particular kinda surprised me overnight...don’t panic because they do their best to cloud the timing...He said “Do not worry- it will be before July 4th.” We will have it all before July 4th. Actually a couple military contacts gave me that same time frame. I still have great hopes for sooner...it is interesting they have plans to have it completed by July 4th…For all we know it could happen tomorrow…nobody knows the timing.
Out of Iraq – hearing we are supposed to be getting news on Sunday that has to do with the budget but since they have already passed it- does this mean we are getting a rate? Or which projects were executed or started? I do not know.
I am seeing rates of somewhere between $3.81 to $3.91 from a number of contractors working in Iraq. They are working on infrastructure - everything from hospitals to power grid to roads etc... And I am still thinking it will be $2 something on the dong. I hope I’m wrong and my contacts are right and it’s closer to the $3 mark.
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