"FOR THE REFORMS!!!" BY FRANK26, 18 AUGUST

 KTFA 

FRANK26: "FOR THE REFORMS!!!".........F26

 

Al-Sudani announces readiness to launch the "largest" electricity production project in Iraq

 

8/15/2024

 

Prime Minister Mohammed Shia al-Sudani announced on Thursday that his government is ready to launch the "largest" electricity production in Iraq at a rate of 10,000 megawatts.

Al-Sudani said in a speech during the ceremony to launch the executive works of the projects of three power stations in Karbala Governorate, that this project is a strategic project in electrical energy, which will be implemented according to a new economic model and a new vision that will be announced to the private sector, after it has been studied by a team of consultants specializing in electricity.

He stressed that the stability of energy sources is an encouraging factor for investment and development, and pushes for the development of sources of income by activating all other economic sectors, in addition to the ongoing work to improve the transportation and distribution sector, to deliver electricity service in a sustainable manner to the citizen, without it being a burden on the state and its financial budget.

Al-Sudani also pointed out that the combined cycle projects and solar energy projects are part of the government's plans to reform the electricity system, indicating that the launch of the solar energy project in Karbala and Babylon will continue with the rest of the governorates, which is happening for the first time in Iraq.

He stressed the importance of supporting the private sector, which represents a support for the government in facing crises, emphasizing the special nature of Karbala Governorate, which is visited by millions of visitors throughout the year from inside and outside Iraq.

The three projects launched by Al-Sudani in Karbala are: the combined cycle of the Karbala gas station with a capacity of (132 megawatts), the Karbala investment solar energy station with a capacity of (300 megawatts), and the Karbala secondary transformer station, 400 KV, with a capacity of (1500 megawatts).

It is worth noting that the three station projects will achieve an increase in the production of electrical energy, as the combined cycle of the Karbala gas station contributes to adding (132) megawatts to the currently operating station, with a total design capacity of (250) megawatts, while the Karbala solar energy investment station project is one of several important contracts concluded by the government in the field of renewable energy projects with a number of specialized international companies, including signing a contract to implement a solar energy station with a private sector company with a capacity of (300) megawatts.

As for the Karbala Banks Secondary Station 400 KV, with a capacity of (1500) megawatts, it is being implemented within the second phase of the electrical energy transmission projects, under the contract with the German company Siemens, and is the first transformer station of its kind in Karbala, and will contribute to relieving bottlenecks in the network, thus raising the level of stability and meeting the needs of the various sectors in the Middle Euphrates region.

LINK

 

SUMMARY OF RECENT POSTS OF FRANK26, 18 AUGUST

  Frank26  

Question: "How long do you think the US Treasury will be in Iraq?  Are they staying to see the finish?" 

 IMO yes.

  Question: "As far as the training videos, are there any more subjects remaining with the RI and monetary reform that the Iraqi have not seen?" 

  Yes.  Right now they're teaching them about the float.  They hadn't seen that up until two days ago.

 CBI document released [Sunday] This is good.  What is the reason why we don't have the monetary reform? 

 Because of the corruption.  Because of the profiteering from the bad parliament political people.   

You know where they are from. 

 What has Sudani done? 

 He took....FOR READ MORE: https://dinarevaluation.blogspot.com/2024/08/q-with-frank26-18-august.html

 Frank26  

 Sudani is working with the United States Treasury.  IMO the Untied States Treasury is sitting in the seat of the governor of the CBI where Alaq normally sits... I find this to be a catalyst to see the Untied States Treasury there.  I'm very excited about what's going on...

Frank26  

The United States Treasury, Federal Reserve, they showed up...What do you think that means?  You think they're going to sit there and allow them to be lackadaisical, to be lazy, just to take your time? No.  The Untied States of America works on a nano second...I find it very encouraging to speed up the monetary reform process.

  Who is the new CBI governor?  It is the US Treasury IMO that is now the governor of the CBI. 

 Why?  What is the governor of the CBI? 

 Just a figurehead.  

Does he make any decisions?  No.  Does he have any authority?  No.  Does he ..FOR READ MORE: https://dinarevaluation.blogspot.com/2024/08/rv-update-by-frank26-13-august.html

Iraq's Financial Future: What New Currency Notes Could Mean for the Dinar

"THE CBI PREPARES FOR THE MONETARY REFORM & THE FLOAT" BY FRANK26, 18 AUGUST

 KTFA

FRANK26: "THE CBI PREPARES FOR THE MONETARY REFORM & THE FLOAT".........F26 

The Central Bank sponsors a meeting to establish a national company to manage electronic payment systems in Iraq

 

August 14, 2024

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, chaired the first preparatory meeting to establish a national company to manage central electronic payment systems in Iraq, with the participation of a number of bank officials, bank managers, electronic payment service providers, and the Iraqi Private Banks Association.
During the meeting, the importance of regulating electronic payment operations, keeping pace with rapid technological developments, and creating competitive payments that provide secure, reliable, easy-to-access, and widely interoperable payment services, as well as rapid response and high flexibility to technical and regulatory changes, were discussed.

The meeting reviewed the company's main objectives and the special requirements for starting the establishment, as it will undertake the tasks of managing, operating, and developing some of the central and basic electronic payment systems at the national level.
This step came in line with the strategic plan of this bank, which goes hand in hand with the government program in the field of electronic payment and its development in Iraq.

 

Central Bank of Iraq 
Media Office 
August 14, 2024


 

https://cbi.iq/news/view/2639

TIDBITS OF MARKZ, 18 AUGUST

 MARKZ

MZ: I spoke to one in Reno who is involved with a large group there and they have not been activated and told to come in yet. 

MZ: I am not saying it hasn’t started…I believe the overall process has started. Maybe just not getting to the redemption part yet-even for the whales. 

MZ: Have I heard that they are hopeful they can do it before the first part of the week- yes I have heard that. . 

Member: Are call centers to schedule appointments different than redemption centers? If yes, could be why they are not “scheduled” to work this weekend.

----

Member: Tuesday is when many are saying it will finally go through

MZ: yes – a lot of the pundits say this….and I am getting the same from top bond contacts , group leaders –you name it. It certainly makes me feel a little excited….but going to stay grounded. 

Member: Chief Fast Horse was on yesterday and indicates RV will go on 18th or 19th

MZ: There are still great expectations from everyone....and I know some people who are heading to their locations on Monday for preparations….So I am hoping Tuesday actually means something. Bond contacts are excited and are hoping this is it. 

https://dinarevaluation.blogspot.com/2024/08/weekend-news-with-markz-08172024.html

Iraq's Financial Future: What New Currency Notes Could Mean for the Dinar

WFP: Iraq Moving On A Positive Path Due To Security Stability, 18 AUGUST

 The World Food Programme (WFP) praised the situation in Iraq, noting that it is moving on a "positive path" as a result of security improvements and stability, while explaining that its role in Iraq is shifting from emergency response to building resilience and long-term sustainable development.

The Relief Web website reported a WFP brief on Iraq, stating that "recent improvements in the security environment and political stability have created opportunities for Iraq to move on a positive path. However, the harmful effects of climate change are affecting agricultural productivity, with increased salinity, desertification, reduced water flow in the Tigris and Euphrates rivers, and reduced rainfall, which has led to the loss of 12 million hectares of arable land, significantly impacting agricultural production."

The brief noted that "the repercussions of the climate change crisis have disproportionately affected the most vulnerable communities, and in a strategic move, WFP in Iraq is shifting its role from emergency response to building resilience and long-term sustainable development," indicating that "this shift is particularly important given Iraq's vulnerability to climate change, which is particularly evident in the southern region of the country."

He added, "The World Food Programme is working to align the targeting of beneficiaries through the National Bridges Programme for Skills Development and Youth Economic Empowerment, climate-friendly agricultural practices activities, and strengthening the safety net of the national social protection system to ensure alignment with strategic objectives and expand outreach to areas that previously suffered from a lack of services."  https://www.radionawa.com/all-detail.aspx?jimare=39189