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Tuesday, June 18, 2024
Iraq ranks second among Arab countries in hydropower capacity, 18 June
Iraq ranks second among Arab countries in hydropower capacity
Shafaq News/ Iraq has ranked second among Arab countries in terms of operational hydropower capacity, according to recent data from Global Energy Monitor.
The combined operational hydropower capacity in seven Arab countries—Egypt, Iraq, Sudan, Syria, Morocco, Lebanon, and Algeria—exceeds 10.2 gigawatts (GW).
Egypt leads the list with an operational hydropower capacity of 2.778 GW. Iraq follows in second place with a capacity of 2.436 GW. Sudan ranks third with a hydropower capacity of 1.85 GW.
Syria takes the fourth spot with an operational capacity of 1.585 GW, while Morocco ranks fifth with 1.395 GW.
Lebanon and Algeria are also featured on the list, with Lebanon having an operational hydropower capacity of 0.108 GW and Algeria rounding out the list with a capacity of 0.100 GW.
"TNT UPDATE" FROM RV HIGHLIGHTS TELEGRAM ROOM, 18 JUNE
TNT UPDATE 6/17/24
Tony opened by saying “this is going to be a life changing week.” 🥳
The “electronic issue” spoken of during Friday’s call was completed. It was an international transaction that had to happen, for us to proceed to this point.
The old ATM’s in Iraq were emptied out by the CBI, replaced with new machines, and loaded with the new, lower denominations over the weekend.
Sudani announced on Iraqi TV today, that before the end of the holiday, which is June 19th, that the Iraqi citizens will have their new exchange rate and access to the new ATM’s and the lower denominations.
Bank appointments are expected to be set for 30 minutes.
The current Dinar rate is showing at $4.49 during the call.
Tony’s Iraqi contact stated it should be between $4.50-4.60, by the time that it goes.
Tony’s US bank contacts expect it to be between $4.50-4.65.
Bank staff is expecting it at any time now, because of the successful international transaction that occurred over the weekend.
That’s it for the call highlights, have an amazing day, and let’s pray that this is the final call. Much love and blessings to all.🙏🥰
"BECAUSE THERE ARE NO SANCTIONS RESTRICTING THE NATIONAL CURRENCY OF IRAQ" BY FRANK26, 18 JUNE
KTFA
FRANK26: "BECAUSE THERE ARE NO SANCTIONS RESTRICTING THE NATIONAL CURRENCY OF IRAQ".........F26
6/17/2024
Baghdad - INA - Amna Al-Salami,
Advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed today, Monday, that Iraq ranked distinguished among international groups that follow the best banking compliance systems, which makes it safe from any international financial risks, indicating that the international community also praised the solidity of the financial and banking system. .
Saleh told the Iraqi News Agency (INA): “Cash issuance mechanisms are one of the exclusive powers of the Central Bank of Iraq as it is the issuing bank based on its Law No. 56 of 2004,” indicating that “what is published here and there about problems with cash liquidity is far from the institutional basis.” The well-established monetary authority in Iraq, which is one of the most important authorities concerned with the issues of the availability of cash liquidity and the stability of the payments system, which contributes to the sustainability of the stability of transactions in the national economy.
He added, "Managing cash liquidity, building the monetary foundation, and controlling liquidity levels in the country are subject to the principle of a long-term plan that is consistent with achieving the operational objectives of monetary policy in order to achieve the intermediate goals of stability and sustainable economic growth and determine the stability of long-term cash flows."
He stated that "Iraq occupies a distinguished rank among the international financial groups that follow the best international banking compliance systems, which makes our country safe from any international financial risks," pointing out that "Iraq is a cornerstone of regional and international financial cooperation institutions in the scope of combating money laundering and money laundering crimes." Crime and terrorism."
He stated that "Iraq recently received clear, positive praise for its strong anti-money laundering policies at the Financial Action Organization conference for the Middle East and North Africa region, which was held in the Kingdom of Bahrain, and it is a testimony from the international financial community that confirms the solidity of the financial and banking system in Iraq with the principles of compliance and the integrity of financial and banking operations." .
The Sudanese advisor reassures the Iraqis: There is no fear about cash flow... our financial system is solid
"ABOUT THE GREAT SOLVENCY OF IRAQ" BY SG ANON, 18 JUNE
SG ANON
According to data taken from the government website of the Central Bank of Iraq (CBI), for the first time since the US invasion of 2003 the amount of monetary notes in circulation within the country is declining.
Remember that on Jan 1, 2024, CBI decreed all outside currencies within the country would be converted by exchanges to only the Dinar, removing the USD from the in-country exchange options for the first time since 2004.
The declining number of circulating notes seems to imply either that the Iraqi currency is undergoing a change in valuation as a result of the flood of USD-to-Dinar conversions (since the declining circulatory figure is not yet being produced by a massive explosion in international trade (outflow) and economic investments (in-flow)), or that the general public confidence in the Iraqi banking system has changed in a historic fashion over the last 3 or so years.
Both scenarios will lead Iraq to greater solvency on the world stage, and an inevitable increase in the country's currency valuation in international markets.
(Nothing in this post constitutes financial advice. SGAnon is not a financial advisor or licensed representative.)
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