"INTERNATIONAL COMPANIES POURING INTO IRAQ AND NOT BECAUSE OF A PROGRAM RATE!!!" BY FRANK26, 26 JULY

 KTFA

FRANK26:"INTERNATIONAL COMPANIES POURING INTO IRAQ AND NOT BECAUSE OF A PROGRAM RATE!!!".......F26

SOMO decides to sell sulfur for export

7/22/2024

 

SOMO announced its intention to sell sulfur from the Badra field in Wasit Governorate.

The SOMO Director said that the company calls on all Iraqi companies and branches of Arab and foreign companies to purchase sulfur products on an EX-Works basis, noting that the purchase will be for export outside Iraq, specifically from the Badra field in Wasit Governorate.

He confirmed that the sulfur is of the lumpy and granular type.

LINK

 

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Northrop Grumman Wins $11m Iraq Contract

 

22nd July 2024 

By John Lee.
 

Northrop Grumman Systems Corp., Fort Worth, Texas, has been awarded an $11,197,328 modification (P00023) to a previously awarded contract FA8617-21-C-6237 for contractor logistics support of Iraq's C-172 and C-208 fleets.
The modification brings the total cumulative face value of the contract from $46,593,226 to $57,790,554.

Work will be performed at Martyr BG Ali Flaih Air Base (formerly Balad Air Base), Iraq, and is expected to be completed by June 30, 2025.

This contract involves foreign military sales to Iraq. Foreign Military Sales funds in the amount of $11,197,328 are being obligated at the time of award. The Air Force Life Cycle Management Center, Legacy Training Aircraft Division, Rapid Acquisition and Sustainment Management Branch, Wright Patterson Air Force Base, Ohio, is the contracting activity.

LINK

RV UPDATE BY MARKZ, 26JULY

 MarkZ  

 [via PDK] 

 Still hearing the timeline is set for the US drawdown of troops in Iraq. In other words…Iraqis will now be taking care of Iraq. There will still be troops in Iraq on the bases…..to safeguard the region….but not to handle the day to day stuff. 

Question:  ...should we be on stand by for Notification today?  MarkZ:   It’s absolutely possible. I would not rule it out.

 ...I very much think they [Iraq] have done everything they needed to do…I am still hearing July is very much still in play. 

What we know for a fact from folks on both the US side and the Iraqi side…is that there are very “top secret” meetings occurring right now in Wash D.C. with Iraqi folks about the removal of US troops and security units in Iraq.  This is one of the key things we were told to watch and it is occurring right now in D.C.

💥IRAQI DINAR 🔥FAST SUMMARY 🎯 #iraqidinar #dinar #centralbankofiraq #prop...

"CBI GOV PLANTS MONETARY REFORM SEEDS ALL OVER THE WORLD!!!" BY FRANK26, 26 JULY

 KTFA

FRANK26:"CBI GOV PLANTS MONETARY REFORM SEEDS ALL OVER THE WORLD!!!".........F26 

Central Bank Governor discusses with UN Regional Representative the development of bilateral programmes

 

July 23, 2024

His Excellency the Governor of the Central Bank of Iraq, Chairman of the Anti-Money Laundering and Terrorist Financing Council, Mr. Ali Mohsen Al-Alaq, received the Regional Representative of the United Nations Office on Drugs and Crime for the Middle East and North Africa, Ms. "Christina Albertin" and her accompanying delegation. 

During the meeting, they discussed strengthening bilateral relations and completing the programs achieved between the two sides, especially with regard to capacity building in following up on criminal proceeds in accordance with international best practices.  The
guest delegation praised the efforts made by the Iraqi Anti-Money Laundering and Terrorist Financing Office in combating cross-border crimes, following up on proceeds, and strengthening the work of the internal, regional and international system.
It is noteworthy that Iraq is hosting the Second Baghdad International Conference on Combating Drugs, under the patronage of the Prime Minister, who made it clear in his speech during the conference that drugs threaten the stability of the region, and Iraq's vision towards combating them is not limited to the harm targeting its youth, but will be a factor in comprehensive instability in the region if neglected.

Central Bank of Iraq
Media Office
July 23, 2024

 

https://cbi.iq/news/view/2622

 

RV UPDATE BY PIMPY, 26 JULY

 Pimpy 

 Article: "Iraqi bank announces investment deposits with returns up to 10%"  that's a really good return...Imagine if 20 years ago you'd have made a deposit and been able to get back 10% back annually while it's just sitting there.  You'd have made a ton of money by now...

You see some of us have millions of Iraq dinars.  Let's just say for the sake of it

somebody like me, I got 5 million, I deposit it.  It's going to give me 10% return on my investment.  I'll take 500,000 Iraqi dinar back annually.  That's a nice little return.  And just let it sit there while I'm waiting...If the exchange rate changes I can always have them return it to me in USD.

 If you'd been holding on to your dinars for at least 10 years you have more than doubled your money.  That's not including any change to the exchange rate, because if the exchange rate changes, then you get that back once you cash out. 

 In other words if you tell the bank I'd like to get it in USD, they go, okay, no problem.  And please transfer that to my American account.  Just something to think about.  I may actually do this.  I'm going to reach out to them and see what it takes and what happens.  If I can get 10% on it annually I'll take it.  Heck I might buy more and deposit more.  Something to think about.

🛑LIVESTREAM....I ALMOST QUIT🫦 #iraqidinar #dinar #centralbankofiraq

"NO WORRIES... BANKS ARE OFFERING INCENTIVES TO COUNTER THIS!!!" BY FRANK26, 26 JULY

 KTFA

FRANK26:"NO WORRIES... BANKS ARE OFFERING INCENTIVES TO COUNTER THIS!!!"............F26

Government advisor points to weak cash credit ratio in Iraqi private banks

7/24/2024

 

The Financial advisor to the Iraqi government, Mazhar Muhammad Salih, explained on Wednesday that the ratio of cash credit to total deposits in private banks may approach the standard ratio of 75%, which banks should reach or at least approach. 

Saleh added to Shafaq News Agency that deposits are the basics of traditional banking.

He explained that the market share of 63 private banks does not exceed 15% of credit and deposit operations, while the government banking system accounts for 85% of banking activity.

In the same context, the International Development Bank announced the opening of investment deposit accounts with the aim of serving Iraqi families. 

The bank explained, in a statement received by Shafak News Agency, that these accounts offer returns of up to 10% annually, with a monthly payment and cash prizes within monthly draws. Deposit holders also receive free life insurance, facilities to obtain a loan with a deposit guarantee, and a free credit card.

The bank confirmed that the funds will be used to serve the national economy, with a guarantee from the Iraqi Deposit Insurance Company authorized by the Central Bank of Iraq, noting that deposits are one of the most important sources of funds at the level of the national economy and depositors.

Economic statistics show that the number of government banks in Iraq is 7 banks, while the number of private banks is 74 banks, which means that private banks constitute 91% of the total number of banks in Iraq.

LINK