Saturday, August 3, 2024
The Minister of Electricity orders immediate preparation of the transmission and distribution departments in Najaf, 3 AUGUST
The Minister of Electricity, Ziad Ali Fadhil, issued an order today, Friday, directing the immediate preparation of the transmission and distribution departments in the holy city of Najaf to ensure energy stability and stressing the significance of preparing for the Arbaeen pilgrimage.
In a statement, the Minister of Electricity’s media office noted that “the Minister chaired an expanded meeting of officials of the transportation and distribution departments and maintenance centers in the city to stand on the reality of the equipment and its problems, and to develop radical solutions that allow for the provision of stable and sustainable hours of equipment.” “The Minister of Electricity visited the holy Najaf Governorate in preparation for the blessed Arbaeen visit and in implementation of the directives of the Prime Minister.”
He went on to say that “Fadel listened to the officials of the sub-departments about the most prominent challenges they face in their daily work, and issued his directives in this regard to avoid the problems that occurred.” He also said that “the necessity of preparing for the Arbaeen visit, and emphasizing that the government headed by Al-Sudani pays great attention to securing the needs of the holy city and the processions of visitors for electrical energy” was something else that he mentioned.
According to the statement, the Minister gave the order to “immediately provide the relevant departments with the necessary equipment to ensure the stability of the electrical current and to light the roads used by visitors, as follows:
Versatile gear (132/33 kV) No. 1 piece of mobile equipment (132/11 kV) 1
Supply and establishment of 3 versatile (33/11 kV)
Setting up a link of size (3 x 5) with a voltage of (11 kV) and a length of 57 km
Setting up a link of size (1 x 400) voltage (33 kV) with a length of 75 km
Setting up a link of size (1 x 150) with a voltage of (400 kV) and a length of 500 km
Setting up a link of size (3 x 150) with a voltage of (33 kV) and a length of 53 km
Providing 55 box transformers, voltage (11 kV), limit (1000 kVA)
Supply of 6 E-house transformers (33/0.4 kV) with a limit of (250 kVA)
Providing transformers (11/0.4 kV) with a limit of (400 kVA), 350 units
Setting up a wire size (120 mm) with a length of 500 km
1900 high strain segment gear
Planning supplies and hardware for the upkeep of 900 links
Preparing the Najaf Power Dissemination Branch with particular vehicles, their drivers, and specialized groups from other governorates, as per the development of guests.
RV UPDATE BY MNT GOAT, 3 AUGUST
Mnt Goat
...recent articles from Iraq tells us the Iraqi government is taking steps to correct...issues and what needed reforms are still necessary... The nature of the reforms tells us they would have to be already started...Don’t think this is going to be a long, long process but certainly not days, maybe more like months...We must not discount all the reforms already accomplished...the Feds are now stepping in and trying to move the country steps further. Yes, they are shaking it up...So, this is all VERY good news and we should be happy to see it playing out...Everything is going to come together and it will happen suddenly.
Mnt Goat ...
to get their currency reinstated for Iraq, it is an uphill battle. They must fight, fight these globalists. But some of the problems stem from themselves too as there are measures they could have taken to further manage the dollar, curb corruption and money laundering. But they didn’t. There are also timelines in the strategic plan to get to the reinstatement that have not been met and need to move ahead now.
Mnt Goat
...the CBI very distinctly told us this procedure of the Project to Delete the Zero is NOT a lop...they described what a lop is and how it is used in times to relieve the stress on a currency due to hyperinflation...They are averaging now about a 3-4% inflation rate with the highest of 9% when they did the de-dollarization in 2023. So, the tool of the “lop” does not apply.
Mnt Goat
...the Project to Delete the Zeros and the Dr Shabibi plan... was developed by the CBI and the IMF...It is a sound plan and they told they will execute it “when the conditions are right”...
the three zero notes are not being obsoleted after the deadline in Iraq is over to turn them in...These notes will be used for “interbanking of international transactions” ...where large sums of cash must be transferred...The CBI told us this many times in articles...the CBI did tell us there will “probably” be at least a 10 year use of these notes by the banks for this purpose. Yes, eventually these notes will become obsoleted but we will be way out of this and exchanged by then.
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Q & A
Question from clayrich6a2b498e66:
Hi MG, I read your example of the project to delete the zeros is supposedly to work, if I am reading what you describe correctly they will replace the 25K notes with 25 notes of equal value, essentially a LOP, and also from the exchange rate, but that does not solve the problem of current prices of goods, for example a loaf of bread let’s say is priced in the market for 25k for the sake of argument, if they make the 25k note equal to a 25 note, the price of the bread is still 25k, how do they plan to overcome this new difference?
Answer Mnt Goat:
Guten Tag clayrich. Hope you are fine today. I read you question and I have to say I am glad you asked it because you are a bit confused.
First of all, the IMF is not going “lop” the Iraqi dinar. A “lop” is a tool the IMF uses to restart a currency from massive inflation. A good example is the Zimbabwe dollar when in 2016 they gave the citizens weeks to turn in the 100 trillion notes for $25 US dollars each. After the deadline they were worthless. We also have articles for Iraq telling us they WILL NOT lop the....FOR READ MORE: https://dinarevaluation.blogspot.com/2024/06/q-with-mnt-goat-10-june.html
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"Q & A" BY MNT GOAT
Q & A
Question from carolyncoffen:
Good morning, Mtn Goat,
I read an article earlier coming out of Iraq, stating the best way to protect your future wealth after the RV was to purchase ‘Government Bonds.’ Are we able to purchase those bonds? Thank you for your time and consideration. Have an awesome weekend.
Answer Mnt Goat:
Guten Tag Carolyn again. Seems you are victim of rumors off the internet. Don’t believe everything you hear. They are using all kinds of propaganda to push consumers in different directions, the direction they want. I am not sure what you mean by asking will you be able to purchase the government bonds. Do you mean from the bank when you exchange or meet with a wealth manager? A..FOR READ MORE: https://dinarevaluation.blogspot.com/2024/02/q-by-mnt-goat-7-feb.html
Arab currencies top the list of the strongest in the world.. Is the Iraqi dinar among them?, 3 AUGUST
8/2/2024
Four Arab currencies top the list of the 10 most powerful currencies in the world out of 180 currencies recognized by the United Nations. The US dollar comes in tenth place globally. The following is a list of the most powerful currencies in the world:
1. Kuwaiti Dinar: equivalent to 3.27 dollars
The Kuwaiti Dinar is the most valuable currency in the world. Since its introduction in 1960, the Kuwaiti Dinar has continued to top the list of the most valuable currencies thanks to Kuwait's economic stability and oil reserves.
2. Bahraini Dinar: equivalent to 2.65 dollars
The Bahraini Dinar is the second strongest currency in the world. The Bahraini Dinar is pegged to the US Dollar and is used exclusively in Bahrain, which has a large expatriate community, including a large number of Indians.
3. Omani Rial: equivalent to 2.60 dollars
The Omani Riyal is the third most valuable currency in the world. It was introduced after Oman stopped using the Indian Rupee. The economy of the Sultanate of Oman is heavily dependent on the oil sector.
4. Jordanian Dinar: equivalent to 1.41 dollars
The Jordanian dinar has been the official currency of Jordan since it replaced the Palestinian pound in 1950, with fixed exchange rates and a diversified economy.
5. British Pound: equivalent to 1.26 dollars
The pound sterling is used in Great Britain and has an important place in global finance, thanks to London's status as a financial centre and intense commercial activity.
6. Gibraltar Pound: equivalent to 1.26 dollars
7. Cayman Islands Dollar: equivalent to $1.20
8. Swiss Franc: equivalent to 1.14 dollars
9. Euro: equivalent to 1.08 dollars
10. US Dollar: Equivalent to $1.00
These currencies continue to play a major role in the global economy, as their strength reflects the economic and financial stability of the countries that issue them. LINK
Friday, August 2, 2024
RV UPDATE BY BREITLING, 3 AUGUST
Breitling
Brutally honest, I give you my honest opinion. Here's where I'm at personally right now. I'm not getting out. I'm neutral. This doesn't look good [Some Iraqi support for Hezbollah HQ in Baghdad].
Actually makes me sick to my stomach. I don't feel good about it at all because I'm looking at the Middle East. I'm looking at the influence and proxy wars coming from Iran...Here's the reality...
they [Iraqis] were trying to upgrade their financial system and make sure they were compliant and be on the world stage with the currency again. They've always been on it but this is a different ball game. Here's the thing, they are following law...to be able to trade again...but the road they're going down now, they're going to be sanctioned...That's not good...It's bad for us if they go down that road.
Breitling
You need to put your big boy pants on... Article: "US Federal Reserve adopt a new strategy towards Iraq. The dollar is threatened with rising to unprecedented levels." They're talking about the policies that are coming up will threaten the dinar. There's a couple reasons for it...The idea that Hezbollah wants to put its headquarters in Baghdad, it doesn't matter if they do it or they don't, the idea that people in Iraq support that...It's too pro-Iranian. It's too pro anti-American markets. So they're going to be punished for it.
Breitling
Hamas moving into Iraq, that's still in play. That is a big issue. We're not going to support Iraq in any way shape or form if Hamas shows up. That's a game changer...This [The Iraqi dinar] is an opportunity until the day it's not...With the Hamas thing right now it's not off the table. I don't see a threat yet. But I'm telling you that could be a big deal...If Hamas gets into Iraq, Iraq is in trouble. Its oil is in trouble...Hamas being in Iraq is a game changer. That's going to shift the markets. All we can do is hope and pray and watch.
9/JUNE
Breitling
I have an average at where I think it's going to revalue at, $0.51 or $0.52 cents. I could be wrong. It's not like Abraham Lincoln said that or something. It was an average. That's why I got into the dinar. That's where I seen the value.
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The threat of a lop is still the same as when I got into this investment...The lop question is based on hyper-inflation ...verses policy inflation. The Iraqi dinar is stable. It goes up, it goes down but it's not major like what Zimbabwe and these countries where it was massive inflation. No body could control it. Iraq has complete control of the Iraqi dinar ...
The Iraqi dinar is a completely different ballgame. It's not hyper-inflated because of the markets. Iraq doesn't have a customer problem...production problem. Iraq has a policy issue. The people at the top know what they are doing.
When I did the evaluation [of the dinar] it was against countries and currencies that had lopped. I had the same questions as you guys when I invested. Where is this going? How can this work?
I found out the value was in a policy based inflation, they want to add value to it, they injected US dollars into the economy, devalued the dinar. Thedinar you and I have has nothing to do with hyper-inflation, major market problems or anything like that...Yes, they can add value to currencies that have a lot of zeros behind it. Iraqi dinar is stable. They can and are going to add value to it.
https://dinarevaluation.blogspot.com/2024/04/rv-update-by-breitling-1-may.html
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