Jon Dowling The Weekly Wrap Up 2nd August 2024

Iraqi PM to discuss with Kurdish members in Kirkuk Council forming the Governorate’s administration, 3 AUGUST

 According to a reliable source, Prime Minister Mohammed Shia al-Sudani will meet with Kurdish bloc members in the Kirkuk Provincial Council on Friday.

“They will address several issues, including the formation of the provincial administration and power-sharing, with a focus on finalizing the formation of the Kirkuk provincial administration, appointing a candidate for the governorship, and selecting a council president, as well as establishing a consensus administration involving all winning blocs,” the source explained. “The Kurdish bloc, represented by the PUK (Patriotic Union of Kurdistan) and its five members, is set to meet with the Prime Minister in Baghdad

“The meeting is crucial as the PUK is a key player in the formation process of the Kirkuk administration, demanding the governorship due to its status as the bloc with the most seats,” the source emphasized.

Strikingly, Kirkuk stays the main Governorate where the organization has not been framed, and positions have not been settled since the decisions.”

Ahmad Ramzi, a member of the Kirkuk Provincial Council, made the announcement earlier on Friday that progress had been made toward forming the government within the allotted amount of time, particularly in light of the resolution of the Diyala crisis and the appointment of its governor and council head.

“In the coming hours and days, Kirkuk will see a breakthrough and alignment of viewpoints among political blocs,” Ramzi stated. This comes after Diyala’s governor and council president were elected and a consensus was reached.

Rakan Saeed al-Jubouri, who was relieved of his governorship due to reaching retirement age but returned to council membership as its oldest member, presided over the first session of the Kirkuk Provincial Council on July 11. The session did not resolve the positions of council president and governor, leaving them pending political agreements, despite the participation of 16 members—five from the PUK, two from the KDP, six from the Arab bloc representing sovereignty, leadership, and Arab alliance parties, two from the Turkmen Front, and one Christian representative.

RV UPDATE BY MARKZ, 3 AUGUST

 MarkZ   

[via PDK]  

 “Government Advisor; Budget Implementation Instructions (Procedural Issue)“ 

 They reiterated that the budget tables do not need to be posted in the Gazette. The budget has already been approved for 3 years. It is perfectly legal and they have worked through the implementation thereof. So why are they not posting budget tables in the Gazette? 

 I think there is an important reason – like a different value on the dinar.

The prevailing rumor is that the Green light was set yesterday …and will go sometime between now and the 5th…

 Question:  Do you really feel in your heart we are close?  

MarkZ:  I do…they are still saying between now and the 5th. Nobody knows the timing but it’s what many are looking at. 

🔥 Iraqi Dinar 🔥 Delete the Zeros 🔥 Today IQD Value to Dollar RV News Gur...

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" WITH MNT GOAT

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

IQD Dinar Revaluation Coming Shocking Insights From A Government Advisor