Friday, June 21, 2024
An Invitation Is Sent To The Sudanese... Parliamentary Energy Explains The Reasons For The Collapse In Electricity Supply, 21 JUNE
An Invitation Is Sent To The Sudanese... Parliamentary Energy Explains The Reasons For The Collapse In Electricity Supply
Energy Economy News – Baghdad Member of the Parliamentary Energy and Electricity Committee, Kamel Al-Ugaili, on Thursday, called on Prime Minister Muhammad Shiaa Al-Sudani to manage the Ministry of Electricity from a lower position, while holding production, distribution and maintenance companies responsible for the collapse in electricity supply in Baghdad and a number of provinces.
Al-Ugaili said in an interview followed by Al-Iqtisad News, “Poor planning and management and the selection of incompetent figures to manage production, distribution and maintenance companies are behind the decline in electricity processing hours.”
He added, "The electricity problem has become noticeably recurring, so we call on Prime Minister Muhammad Shiaa Al-Sudani to manage the Ministry of Electricity personally and from a lower position, while making changes for officials who are negligent in performing their work."
He pointed out that “poor planning and bad management are one of the reasons for the collapse of the electricity system in Baghdad and a number of governorates,” pointing out that the capital, Baghdad, has been witnessing for days a sharp decline in energy supply. https://economy-news.net/content.php?id=44425
"RV UPDATE" BY WOLVERINE, 21 JUNE
WOLVERINE
- Thurs. 20 June 2024 Wolverine: “Ok the new rates should be posted today (Thurs. 20th June) in Iraq and expecting funds to be released either today Thurs. or Fri. 21 June in the USA. Let’s hope it happens as we cannot keep going like this as too many people are hurting. …Conference Call: “It’s looking good.”
- “I got some news – things have started. It is getting really emotional. I received a telephone call and will not mention names, but right now, the caller is at the bank about to receive his blessings. Things are happening. It is someone I know, close to me. We will hear more of this coming through.
- “We received an audio from the Pentecostal group, he is ready. They have liquid money and they have received funds to distribute funds to members. The Pentecostal group has about 3 million people so one person is not in charge of distributing. They have different leaders assigned to different platforms. He sent an audio saying all is ready to go. It was very exciting news for their people. I am not in that particular platform, but in another one of their platforms in that group. He came out with a text message saying it will be this week , but for their whole organization it will take them into August to pay all their members.
- “Yesterday Mon. 17 June I was supposed to get a message from Reno that the Tier 4A group was supposed to go first. Unfortunately, I don’t know if anything has happened yet. I did not receive a message from that source. Hopefully I will get some messages coming in from Reno.
- “I received a message from Zurich that it started a while ago. That is all I know. I do have European contacts, but none of said anything.
- “Again, it is a process. Probably some people are getting paid, but for others it is not their turn yet.
- “For us in Tier 4B we are to get it this week.
- “It is stressful, maybe Bruce may know more about this than I do. But today or tomorrow notifications for 4B should be released. IF the bonds are getting paid, then surely the currencies will be coming out.
- “It will be emotional, and I was emotional when the person called me that WAS at the bank. I am really happy for anyone receiving their blessings.
- “I am not to talk about Mauricio, but they are getting close, but right now I need to stay quiet about his platform.
- “I am sure this is going to happen soon, and then we will have Three things: 1) Live emergency call – 2) You tube video by friend of mine – a member with the Trumpets of freedom and then 3) The Opera. I will then un-mute the room so we all can celebrate! Take care, Wolverine”
Tues. 18 June 2024 Wolverine
Evening News with MarkZ and Dr. Scott Young. 06/20/2024
SUMMARY OF IRAQ NEWS ANALYSIS OF KAPERONI, 21 JUNE
Kaperoni
Question: "What happens now that the auctions are soon to be over?
What does this mean for the Dinar holders out there Kap?" It means monetary policy is changing after 20 years to reflect the economic changes in Iraq. We'll have to wait and see what happens.
---Floating the currency is the best option but only once they have created a diverse economy that is not dependent solely on oil.
...New currencies coming out in Iraq. Not true, the Iraqi dinar is the currency of Iraq. As far as any new smaller denominations, they will be introduced only as needed if and when the value increases and warrants so. There is no significant RV!
--...The dinar to float at well over a dollar. Unlikely, the dinar when it floats will be whatever the current exchange rate is and could rise gradually accordingly.
Community comment: "Today the cbi says there are no new printing of bills"
That is correct. The Central Bank does not randomly print currency unless it's to replace damaged or worn out notes. There is no need for a new currency unless it is warranted. Moving to digital will eventually reduce physical notes.
Question: ----"They have a very largebudget ,without an increase in rate how do they meet the projects that is lined up?"
External expenses are paid in dollars since their primary revenue is dollars. Dinar is used to pay salaries, etc. in country.
CCommunity Comment: "Hopefully in the next 5 yrs we will see an appreciation of the currency price, based on the last year of progress." I agree! Iraq has an excellent opportunity now to diversify their economy and develop the banking system.
Much of the float articles that we have seen have concerns about speculators that is because they are referencing dealers speculating within the country. That will not happen.
EXCERPTS FROM MARKZ, 26 NOV
EXCERPTS FROM MARKZ MZ: I have a number of bond contacts that reached out today to let me know that they are expecting timing and proced...
-
Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
-
Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
-
Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...