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Al-Sudani Receives The Approval Of The Coalition Of Companies That Won The Investment Opportunity For The Baghdad Metro, 27 JULY

Local |  07/25/2024  Mawazine News – Baghdad  Prime Minister Mohammed Shia al-Sudani received today, Thursday, the approval of the coalition of companies that won the investment opportunity for the Baghdad Metro.

Al-Sudani's office stated in a statement received by / Mawazine News /, that "the Prime Minister chaired, today, Thursday, a meeting dedicated to following up on the Baghdad Metro project, as His Excellency received the approval of the coalition of companies; Vaskhod & Wonter International Capital, which won the investment opportunity to design, implement, operate, maintain, finance and transfer ownership (DBOMFT) for the Baghdad Metro project, according to the specific criteria specified in the investment portfolio, and the coalition includes French, Spanish and Turkish companies, with a German bank."

According to the statement, Al-Sudani pointed out "the importance of this strategic project, the largest of its kind in the region, and what it means for a large city like Baghdad, with the latest international specifications, and in a manner that suits the service required to be provided, and keeps pace with future developments."

The statement added, "The negotiation process will start between the Baghdad Municipality, the Investment Authority and the coalition, to set the technical, financial and executive details of the contract, which the coalition won, according to the investment opportunity for the Baghdad Metro, stated in Cabinet Resolution No. (23374) for the year 2023.

The coalition includes the French groups Systra and SNCF, the Spanish companies Alstom, Talgo, and SENER, and Turkish companies specializing in construction, in addition to the German Deutsche Bank."

https://www.mawazin.net/Details.aspx?jimare=251958

SUMMARY OF Q & A BY MNT GOAT, 27 JULY

  Q & A

a. Question from acetone: Historical Precedents: Historically, redenominations typically affect all holders of the currency equally, regardless of their location.

Mnt Goat Answer: For the larger 3 zero notes inside Iraq the citizens will be given a time period to swap them out. There will be ONLY one IQD rate, get it? The first rate is a redenomination rate inside Iraq and it will be a change to  the official CBI rate, get it. Any banks outside Iraq will have to follow the same rate. This is why they placed a bookmark or linked rate on FOREX bak to the CBI official rate. Get it. It is already in place.

Inside Iraq this official rate will be greater than the dollar. This is why they are so concerned about the parallel rate vs the CBI official rate. They need to have the official rate over a dollar, not under. This is to suck in all these 3 zero notes. People will need an incentive. Get it? If the IQD is greater than the dollar why would the citizens not swap them out? If they don’t and hold on to them then that is what happens, when it happens. No one has a crystal ball and no one can force them to do anything. But the CBI told us there will be a deadline and inside Iraq for the general population these 3 notes will expire (not null and void, just expired), so there will be a deadline to turn them in. Remember at this point the IQD is NOT yet on FOREX. I have been saying this all along. This is a two-stage process. Did you listen to me? Go read my blog. Here is the link for the process again.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

https://dinarevaluation.blogspot.com/2024/07/q-with-mnt-goat-23-july_0492437478.html

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Q & A

Question from acetone: it is not my intention to annoy or alienate , however, your assertion that there will be no change in value in country but iqd note holders out of country will essentially be immune from the delete the zeros project as they will enjoy the face value of their notes applied against the respective forex rate. This is highly problematic for the following reasons: ( bla bla bla,)…. in short, purportedly massive amounts of IQD are being retained by Iraqis and held outside the banking system as such. what would motivate said Iraqi note holders residing in Iraq to turn in their 3 zero notes for the new redenominated notes?……

Answer from Mnt Goat: Guten tag acetone. To answer your question, I need to refer you to my blog section on how the Project to Delete the Zeros will work. Please click on the link.  

All the information you are seeking is there. Please spend some time and go read it. That is the purpose of my blog, to tell the TRUTH. Sorry I cannot personally hold hands and babysit thousands of people especially newbies to this investment. If you have a question already not addressed in my information presented, I will be most happy to address it. But thanks anyhow for the good questions, it shows you are concerned and can think for yourself. Good job! 😊 Remember there is a bit of common sense too we must apply here. I have been in the study of this for two decades and in close contact with the CBI since 2011.

https://dinarevaluation.blogspot.com/2024/07/q-with-mnt-goat-23-july.html

Iraq's 10% Investment Offer: A Game-Changer for Global Investors

Iraq discusses with an international company the details of restructuring government banks, 27 JULY

 Baghdad – Mil

Finance Minister Taif Sami discussed, on Thursday, with the international audit and supervision company “Ernst and Young” the plan to organize the work and restructuring of Iraqi government banks.

The ministry said in a statement, and responded to “Mail”, that “Sami chaired a meeting at the ministry’s headquarters with the company’s representatives, where a draft was submitted by the audit company on the organization and restructuring of the Rafidain and Al-Rasheed banks, in addition to discussing the proposed plan and the stages of implementation and determining the frameworks of the contract and formulating them in line with the priorities of reform and development.”

According to the statement, Sami stressed, “the importance of benefiting from the expertise of sober international companies such as Ernst & Young in the field of organizing and restructuring financial institutions, as the ministry aims to make Iraqi banks internationally and locally acceptable to provide better services to citizens.”

“The audit firm’s experiences will contribute to improving the efficiency and effectiveness of financial institutions, as the integration and organization of financial institutions are expected to improve the quality of banking services provided and enhance investor confidence in the Iraqi economy,” the statement said.

https://miliq.news/political/33114–.html

RV UPDATE BY WALKINGSTICK, 27 JULY

 Walkingstick  

This YouTube commercial  you're going to be seeing soon...This is pretty big.  They're just going to talk more about the monetary reform and now they're going to tell the international world publicly...It is not just for the Iraqi citizens.  It's for the world to see and understand Iraq's monetary and economic reforms.  This is an excellent way to reach out to international investors.

Walkingstick  

 There's absolutely nothing getting in the way of this monetary reform.  Announcement to the Iraqi citizens as promised by Sudani and Alaq.   

It's no secret.  The world knows about the monetary reform of the Iraqi dinar.  The international world knows about a new exchange rate that is about to come out of this.  It's no secret, everybody knows the Iraqi dinar is about to go up in value. 

 [Response to the recent video below and articles coming out about Iraq's monetary  reform] That's how it's supposed to work.  The monetary reform education to the citizens. There's going to be a slew of articles  that are still coming.  This is just the beginning. 

Notice how everything is lining up for the monetary reform?  That's how you know it's not BS.

https://dinarevaluation.blogspot.com/2024/07/rv-update-by-walkingstick-19-july.html

Global Investors, Take Note: Iraq's Bold Economic Reform Message”