Iraq: Turkish committee will visit Iraq for implementing projects, including irrigation

 INA - BAGHDAD

The Minister of Water Resources, Aoun Dhiab, announced the agreement with the Turkish side for a committee representing it to visit Iraq within ten days to attend some sites and lay the practical foundations for the implementation of several projects in Iraq.

"These projects include irrigation, based on what was agreed upon during the visit of Turkish President Recep Tayyip Erdogan to Baghdad last April while confirming the presence of Ankara’s readiness to implement irrigation, agricultural, and other projects related to dams," said Dhiyab to the Iraqi News Agency - INA.

He added, “ The second meeting of the joint committee between Iraq and Turkey on water, which was held today, is very important. The Turkish side was chaired by their Undersecretary of Foreign Affairs and she preferred to attend the meeting due to its importance. Many points were found within the framework agreement which took place between PM Muhammed S. Al-Sudani and Turkish President Recep Tayyip Erdogan during his visit to Baghdad."

"This visit established the opening of a new relationship with the Turkish side, and gave a clear perspective on the nature of this relationship, as it paved the way for the entry of Turkish companies and the technologies they possess to implement infrastructure, especially irrigation projects, and various other files such as wastewater purification projects and water projects for purposes of drinking, human uses, and some agricultural projects," he included.

Dhiab added, "The committee is composed of several parties from the relevant authorities, in addition to the Ministry of Water Resources, the Ministry of Foreign Affairs, the Ministry of Construction and Housing, the Municipality of Baghdad, and the Ministry of Agriculture, and many of the supporting parties as well. Those consuming water were present, and the goal is to initiate new steps in the field of cooperation," indicating, "We presented many points of view and presented the water situation in Iraq, and explained the difficulties facing us during the current summer. They promised  us to study this issue and give it importance, and we raised the issue of projects that could be implemented by the Turkish side, whether irrigation or agricultural projects, as well as dam and water harvesting projects. They, in turn, approved of this approach and expressed their willingness to contribute.”

"I assured them that we want practical steps in the field, not just meetings and encounters. It was agreed that a quick committee would come within a week or ten days to visit some sites and lay the practical foundations for implementation," he added, expressing that "I was optimistic that it will be a successful start in the field of cooperation because we need major work in managing water resources, such as the major work currently being done in the field of addressing traffic congestion."

He highlighted, "We need to address bottlenecks in our water resources, and there is a trend at this level. We hope that in cooperation with our neighbor Turkey, with its capabilities, we can move to this. The important stage referred to by the Prime Minister, which he greatly supports, is for this qualitative shift that must be achieved in the field of water resources management.”

"RV UPDATE" BY MILITIAMAN, 2 JULY

  Militia Man  

 Iraq...hasn't had a real effective exchange rate for over 20 years...Man we're really really close.

The Real Effective Exchange Rate changes the whole dynamics.  They wouldn't have gotten this far in the stage if they were going to go do all the things they're talking about at 1310.  They would have already done it by now...

 They're effectively stating to everybody that they're going international.  They're giving a laundry list of all the things they've done, are doing and in support of where they're headed.

--

That's what we are waiting for as we speak [seeing what's in the budget].  We haven't seen them expose that rate or that information to us just yet but they're going to.   They don't have much choice because June 12th it [The budget] became law...The court already said... just because they have an appeal doesn't mean they have any weight to them.

 The budget is only at $70 [per barrel], they've been trying to see if they can modify it and kick it up to $80 so they can spend more money...Oil prices are at $80+ and they think it's going to keep moving forward for the next year or year and a half. 

Article quote "...the global energy market sources indicate the current rise in oil prices will continue until the end of the year 2025."

 Everybody should be pumped and ready to go... 

 Article quote:  "Sovereign guarantees to the private sector will contribute to the industrial renaissance" 

 This article right here will blow your socks off...

https://dinarevaluation.blogspot.com/2024/06/rv-update-by-militiaman-27-june.html

ANNOUNCEMENT Strategy of CBI 2024 to 2026 #cbi #iraqidinar

Iraq's Interior Ministry takes over security of Baghdad International Airport

Iraq's Interior Ministry takes over security of Baghdad International Airport

Shafaq News/ Iraq's Interior Ministry officially assumed responsibility for securing Baghdad International Airport on Monday, following the conclusion of a contract with a foreign security firm.

A security source informed Shafaq News Agency that the Interior Ministry took over the security duties at Baghdad International Airport after the expiration of the contract with the Canadian security company, Biznis Intel. 

In 2022, Biznis Intel won a +$22 million security contract to secure Baghdad Airport, taking over from the British company G4S.

"RV UPDATE" BY MNT GOAT, 2 JULY

 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...

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...it is nearing the end of June already...Recently we witnessed a surge of news from many of the prominent global entities including the UN, World Bank, IMF and the EU. All of them praising Iraq and giving “kudos” to them for the hard work and achievements. Today is not different as the articles once again tell the RV spigot is wide open to the RV. 

Article:  "DOZENS OF IRAQI COMPANIES PARTICIPATE IN AN INVESTMENT SUMMIT IN AMERICA" 

 ...in the past years I said – What is the US waiting for? Why have they not yet invested the US companies in Iraq? There is billions to make over there. – Well the spigot had to be opened first and now it's opened. The spigot analogy means that the sanctions are over, war reparations paid and now they can do business easily with the rest of the world. But as you know with Iraq nothing happens overnight and so it took a year and a half to open the spigot but now it’s opened up wide.

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Article:  "DOZENS OF IRAQI COMPANIES PARTICIPATE IN AN INVESTMENT SUMMIT IN AMERICA"  ...in the past years I said – What is the US waiting for?

 Why have they not yet invested the US companies in Iraq? There is billions to make over there. – Well the spigot had to be opened first and now it's opened. The spigot analogy means that the sanctions are over, war reparations paid and now they can do business easily with the rest of the world. But as you know with Iraq nothing happens overnight and so it took a year and a half to open the spigot but now it’s opened up wide.

So as investors where do we stand with the RV?

Based on this information from my Saturday call to Iraq, I will summarize it for you. We are still waiting for the US to give assurances. The project to delete the zeros was scheduled for June and we will still have a week remaining in June. This is all I know and can tell everyone at this point. But don’t go off too excited and forget all the other information my contact just told us either. You must put everything into its proper ..FOR READ MORE: https://dinarevaluation.blogspot.com/2024/06/so-as-investors-where-do-we-stand-with.html

IRAQI DINAR✅ CBI Insider Reveal Major Revaluation of the Iraqi Dinar Imm...

Kurdistan deposits more than 70 billion dinars in Baghdad’s account as non-oil revenues

 Kurdistan deposits more than 70 billion dinars in Baghdad’s account as non-oil revenues

On Monday, the Kurdistan Regional Government’s Ministry of Finance and Economy made the announcement that more than 70 billion dinars in non-oil revenues for March 2024 would be transferred to the federal treasury in Baghdad.

The service expressed in a concise explanation got by , “A measure of 70 billion, 131 million and 250 thousand dinars was moved to the financial balance of the Government Service of Money, as a component of the bureaucratic depository’s portion of non-oil incomes for the Kurdistan District for the period of Spring.”

The Kurdistan Regional Government’s Ministry of Finance and Economy made the announcement on May 27, 2024, that the federal government would receive 85,199,634 dinars (eighty-five billion, one hundred and ninety-nine million, six hundred and thirty-four thousand dinars) in cash from the Kurdistan Region’s internal revenues for the month of February 2024. Iraq in the Erbil part of the National Bank of Iraq, adding up to half of assessment and customs incomes in the Kurdistan Area for the long stretch of February.