Iraq, Saudi Arabia Conclude A Deal For A Submarine Cable Construction Project
Amr Salem June 30, 2024 Underwater internet cables. Photo: Shafaq News Baghdad (IraqiNews.com) – The Iraqi Ministry of Communications signed on Thursday a contract for a submarine cable construction project with the Saudi Telecom Company (STC) to increase internet capacity in Iraq.
In a press conference after signing the deal, the Iraqi Minister of Communications, Hiyam Al-Yasiri, said that this is the third deal signed by the current Iraqi government.
The director of the media department in the Iraqi Communications Ministry, Omar Al-Amiri, explained that the project will help facilitate the movement of global communications and link the countries of Africa and Asia to Europe via Iraq.
Al-Amiri noted that such projects will have a positive economic impact on Iraq by utilizing its geographical location.
In June 2023, the Iraqi Ministry of Communications announced that it was launching internet service through space to provide the best internet service to people in Iraq.
Projects to provide internet via fiber-optic cables require a relatively long time to complete the deployment of cables in all areas because of the difficulties represented in the excavation works and the expensive costs of these projects.
In order to diversify the sources of internet service, increase competitiveness, and reduce prices, the concerned department in the Iraqi Ministry of Communications started the contractual procedures to introduce ‘internet via space’ service in Iraq for the first time.
Iraq is following in the footsteps of developed countries that employ low-orbit satellite technology to deliver internet access directly to people via a vast network of satellites operated by reputable corporations.
“I have nothing to confirm the hour we will be notified about appointments to exchange or the dollar value of same, I do know the banker has had his staff on a one hour call to report to their assigned locations once the release has become authorized for the past three days, and that the rate in country was published in the Gazette today Sat. 29 June 2024. So folks we are extremely close. GOD Bless.”
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TEXAS SNAKE
As most know our Saturday is Iraq's Sunday. The new Budget was included in the latest Gazette but the rate was not given. I now have it from 3 different sources that Iraq is planning a nationwide celebration for this Sunday.
There are many foreign dignitaries in country for the party and the rate will be announced and the new ATM's with the new currency will be opened. So this is my hoped for announcement for tomorrow. GOD Bless.....
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Just an FYI but I closed the room after the comments about Gurus and MarkZ, this room is for my connections with major international bankers and NYSE upper management as well as a WF banker involved with actual exchange centers his bank has prepared to do actual monetary exchanges of currencies.
I plan on advising once the exchange platform is about to begin so we will have an advance alert.
Hello things are advancing I need one confirmation this Friday as soon as I have it I will post , lots of blessings!!!!
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ISAAC N
02/19
ISAAC N: Just waiting for the advance on German bonds to start
ISAAC N: Hello things are advancing I need one confirmation this Friday as soon as I have it I will post , lots of blessings!!!!
E.T. : What is Isaac referring to? Iraq? What confirmation?
INGWAY : Isaac is referring to systems not being in place for the RV yet. He is awaiting confirmation that systems have been completed and the RV can move forward.
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JANUARY 7 , 2024
WOLVERINE: QUESTION TO ISAAC:
Isaac are you optimistic for you call on Tuesday?
ANSWER / RESPONSE by ISAAC:
• Yes I am
• Last thing they told me is we are close for advances on German bonds
• We will have an qfs acc you will manage all from there
• Is like an acc in a cloud and only you have the codes to move and do whatever you want
• I can tell you several bans in Europe private ones the big whales will put the money and amazing things will happen there
• After German bonds comes dragons and then come the others
Economist: Direct Banking Investment Is Prohibited By Order Of The Central Bank
Economy Central Bank of Iraq Investment law 2024-06-30 02:32 Shafaq News/ Economic expert Mustafa Akram Hantoush explained on Sunday that the Central Bank of Iraq is adopting a “strict” central policy in its dealings with the banking sector, which limits the ability of banks to engage in direct investment and financing economic projects.
Hantoush told Shafaq News Agency that this policy makes it difficult for the banking system and investors to invest their capital in new projects without obtaining special approvals from the Central Bank.
Hantoush added that the current procedures followed by the Central Bank prevent banks from entering the fields of direct investment, which hinders the realization of a vital role for the banking sector in moving the wheel of the national economy. He explained that
the banking system, in light of these procedures, does not have sufficient capacity to play an effective investment role in line with normal banking rules, but rather the investment decision becomes subject to the directions and approvals of the Central Bank.
Hantoush stressed that this approach lacks the concept of "financial liberalization" for banks, which would provide the banking sector the opportunity to enter the Iraqi market directly and support investment opportunities, while adhering to banking and legal controls.
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Coffee with MarkZ and Bob Lock. 07/01/2024
Member: Gooooood mornin patriots it's very important n exciting times. keep your head on a Swivel and stay calm
Member: Welcome to July
Member: hope everyone had an awesome weekend.
Member: Hope Mark has some RV news today.
MZ: there are some things out of Iraq that should make us feel good today.
MZ: “The President of Iraq approves the 2024 budget schedules”
Rashid approves a number of laws including the 2024 budget tables. My contacts over there are saying they got the budget tables posted in the Gazette…but did not get a new rate.
MZ: They let us know that they figured the budget of 2024 on an average price of a barrel of oil at $80 USD. This is progress.
MZ: What I am hearing from Iraq directly is that the process of deleting the zeros is moving forward. When they talk about the deletion of zeros…..the plan is to increase the value then delete the 3 zero higher denomination bills from circulation….and release the lower denominations.
Member: (From dinar Guru) Mnt Goat: I...asked [my CBI contact] how the rate of the dinar would be determined in the future...I was...told that“you know and I know that the rate of the dinar is now being artificially suppressed”...I was told that Iraq is in a much better situation now prior to the 1990 embargo and so why not have an international rate again with at least a rate equivalent to the late 1980’s prior to the invasion...
MZ: Makes sense to me. We all know it is being suppressed.
Member: Has sthere been any chatter about the US applying to join BRICS?
MZ: No- not the US….But lots of chatter about Turkey ….and them explaining why they are pursuing membership with BRICS.
MZ: “Why does a NATO member want to join BRICS?” Turkey wants their say in the emerging world. The way the G7 and G20 is set up now…Turkey has very little say in things. If you were an asset rich country –why would you want to be part of that G20 system? So turkey is looking forward to moving to a group with a more diverse economic system
MZ: “Japan to launch new bank notes on July 3rd.” This is the first design change in 20 years Seems there are a number of nations doing this. Is it because of counterfeiting? Very cool looking…If you move them the picture is 3D.
MZ: Many countries are doing this. Is this in preparation for something? This would be a grat way to reset the system. If the US decides to release a “new design “ of currency. Then all the illicit dollars out there running around the world cannot come back. Suddenly all the cash sent off in planes to Iran…or billions in bales sitting in caves or warehouses or safe rooms or buried in barrels in Central and South America from the cocaine or meth trade….will be worthless. It cancels the dollars held by terrorists, human trafficking….ect….
MZ: With so many countries doing this….we were always told all nations would release new bills when the reset and release Nesara/Gesara. So this is another good sign.
MZ: “US banks dumping exposure to $2,500,000,000,000 market before inevitable losses hammer balance sheets report- June 30, 2024” Small and medium banks are trying to dump all their commercial exposure. Record foreclosures about to happen on commercial properties. This is a ticking time bomb.
Membr: Are you hearing anything new on Zim rates.
MZ: I am hearing instead of $30 or $50 million on a $100T note…it could go as high as $50-$60 per $100T note. That made me feel good.
Member: I always thought of Zim as the “wild card” to RV……but any rate will be wonderful .
Member: so no bank or bond news today?
Member: Usually Monday morning s are slow for that. Reno is still asleep and Banks are in meetings…….maybe something tonight?
Member: mark, called Wells Fargo and asked if they were doing the Dinar exchange and they said yes. I asked for a phone number or address and they said they could not tell me if I didn't have a code.
Member: Is it a coincidence that the UK elections are being held on 4 July? Many don't get it, due to trades holidays
Member: This is definitely happening! I feel very certain. Just a question of when
Member: Just remember Kim Clement's prophecy.. when America is at her lowest and Strange July.. Strange July. Pray.
MZ: Slowly, Slowly, SUDDENLY
Member: I wish each of your dreams and aspirations realized in the next few days
Bob Lock and StacieZ join the stream today. Please listen to the replay for their information and opinions.
