Friday, August 30, 2024

Iraq signs agreement with two international companies to improve water management, 30 AUGUST

 Shafaq News / The Iraqi Ministry of Water Resources announced on Wednesday the conclusion of a contract with two foreign companies for the purpose of “securing a sustainable water future, developing irrigation systems and addressing the impact of climate change on rivers, without disclosing its financial cost.

This came during the chairmanship of the Minister of Water Resources Aoun Dhiyab Abdullah of the first meeting of the steering committee to launch the first modernization project for the strategic study of water and land resources in Iraq, in the presence of the Italian Ambassador to Iraq Maurizzio Griganti, MP Sanaa Al-Luhaibi and the Committee on Agriculture, Water and Parliamentary Marshes on the Public Hall of Irrigation and Reclamation Projects.

The Minister of Water Resources said during his speech that “the ministry contracted with the coalition of the Italian companies Hydronova and the Jordanian Concord to launch the project of updating the strategic study related to the preparation of a national road map for the development of water resources and the development of their use, while referring to the determination and establishment of the time program for the implementation and rehabilitation of the infrastructure necessary to achieve water and food security, energy security and environmental conservation.”

He added that “water resources are a vital artery for the sustainability of economic, social and environmental development, while in light of the accelerated climate changes, population increase and challenges, it was necessary to update the strategic study to adapt to changes and realities on the ground and face current and future challenges.”

He explained that “the success of the project depends largely on cooperation between all concerned authorities in the water sector and the unification of efforts to achieve common goals and implement their outputs in order to build a sustainable future for our future generations.”

For his part, the Italian ambassador said, “The project is a decisive step towards securing a sustainable water future for Iraq, as well as developing vital irrigation systems, addressing the impact of climate change on rivers, addressing salinity in the Shatt al-Arab and enhancing the capacity and safety of the Mosul Dam and all Iraqi artificial water basins.”

The ceremony was also interspersed with the presentation of an explanatory film highlighting the achievements of the strategic study and the main areas of modernization, and a speech by Andrea Kataruzi, head of the advisory group to prepare the study.

https://www.shafaq.com/ar/سیاسة/العراق-يوقع-اتفاقية-مع-شركتين-دوليتين-لتحسين-دارة-المياه


IRAQ BOOTS ON THE GROUND REPORT BY FIREFLY, 30 AUGUST

 Frank26  

[Iraq boots-on-the-ground report] 

 FIREFLY: They tell us no matter what the dinar is stable and it is strong.

  FRANK:  A program rate is not stable or strong...It's completely  worthless.  It's not strong.  It's not stable.  What are they telling the citizens? 

 FIREFLY:  New changes once they are implemented and take hold it will be a backbone of security for our economy and our banking system.  

FRANK: That's why Alaq is in  New York right now.  Security and stability being established for the monetary reform...What are they trying to tell you?  That you  have a new exchange rate...lower notes coming to you.  None of this is going to work at a program rate.  It can only work with the  new exchange rate to add purchasing power...  

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PROJECT DELETE ZEROS: " THE CITIZENS WON'T EVEN FEEL IT WHEN THEY SWITCH OVER TO THE NEW EXCHANGE RATE"  BY FIREFLY, 29 AUGUST

  Frank26 

  [Iraq boots-on-the-ground report]  

 FIREFLY:Mr. Sammy [Iraqi bank manager friend] said the CBI wants the entire deletion of the 3 zero project to go smooth and have very little impact on the citizens...That's why the whole thing is going digital.  This way the CBI can switch out currencies so easily...  

FRANK:  Brilliant Sudani!  Brilliant Alaq!  Brilliant Dr. Shabibi wherever you may be, Rest In Peace.  

FIREFLY:  It's going to be automated and the citizens won't even feel it when they switch over to the new exchange rate. 

'They won't even feel it' is the words from Saleh.  Saleh also say the solution coming will lower the dollar exchange rate.

OPEC Secretary General's Key Visit to Baghdad: Strengthening Oil Market ...

Oil Minister and OPEC Secretary General discuss cooperation in stabilizing markets, 30 AUGUST

 Economic: Al-Furat News} Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani received on Wednesday the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) Haitham Al-Ghais.

A statement from the ministry, a copy of which was received by {Euphrates News}, said that “during the meeting, they discussed strengthening and expanding the horizons of bilateral cooperation between the ministry and the Organization of the Petroleum Exporting Countries (OPEC), in addition to cooperation and coordination with allied producing countries from outside the organization, in order to stabilize global markets.”

The Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) had arrived in Baghdad on an official visit during which he was meeting a number of officials in the ministry and the government.

https://alforatnews.iq/news/وزير-النفط-وأمين-عام-أوبك-يبحثان-التعاون-في-تحقيق-استقرار-الأسواق

LATEST FROM BRUCE, 30 AUGUST

 Bruce   

[via WiserNow]  

...the QFs system, at least for the redemption centers are connected,  - that’s really good - and now we just need our emails to come into us and we can set appointments to start...

the latest thing I have is that we would receive that by or before Friday. the 30th...if we don't get notified by and start exchanges on Friday,

 then it would go over the weekend...Anything is possible...it could actually get into September with the concept of the weekend being a Labor Day weekend... 

So we'll see what happens.

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Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866 pin123456#

  • As this afternoon Redemption Center screens were showing 15 different currencies with solid new live rates. There will be new currency rates on 19 different currencies including the USN. It was suspected that all 19 would be solid on the screens tomorrow Wed. 28 Aug. 2024.
  • The screen rates at the Redemption Centers are going to be three times higher on the Dinar and twice as high on the Dong than at a bank.
  • The new Rates are going to be between $4 and $7.
  • The contract rate on the Dinar will be offered.
  • Emails are going out to Redemption Center operatives at around 4:30 tomorrow afternoon Wed. 28 Aug.
  • Bond Holders are expecting their emails Sunday night, with access Mon. or Tues.
  • Tier4b notification and exchanges should start over the weekend, or by Mon. or Tues.
  • We will receive notification in conjunction with the EBS.
  • The EBS will be a cover for Tier4b to do our exchanges.
  • The Admiral’s Group will start Sat, Sun and Mon.
  • Everything will be well underway by Wed. 28 Aug.
  • All debt forgiveness should be done by Sat. 31 Aug.

RV/RI To Start Within 24 Hours?🚩Dinar Set to Surpass the Dollar!🤔Dinar R...

DINAR REVALUATION REPORT: Iraq and the World Bank Discuss Supporting Economic and Financial Reform in 2024, 30 AUGUST

 Iraq and the World Bank Discuss Supporting Economic and Financial Reform in 2024

In August 2024, Iraq and the World Bank engaged in discussions to support economic and financial reforms.  These talks are pivotal in helping Iraq regain the trust of its citizens by stabilizing the economy, improving governance, and rebuilding livelihoods. The World Bank is known for mobilizing financial and technical assistance to aid countries in their development efforts, and Iraq is no exception.

Strengthening Economic Foundations

Iraq, one of the world's most oil-dependent countries, has seen its economy exposed to significant macroeconomic volatility due to its reliance on oil revenues.  In 2024, the country's leaders are keen on diversifying the economy to reduce this dependence and create a more stable financial landscape.

To achieve this, the World Bank is working closely with Iraq to implement reforms aimed at improving the country's fiscal health. This includes addressing budget rigidities that restrict fiscal space and limit the government's ability to respond countercyclically to economic challenges. 

Addressing Unemployment and Economic Recovery

Unemployment has been a pressing issue in Iraq, with rates significantly higher than pre-COVID-19 levels.   The pandemic exacerbated economic challenges, leading to job losses and increased unemployment, particularly among the displaced, returnees, women jobseekers, and those in the informal sector. The World Bank's support is crucial in helping Iraq navigate these challenges and foster a recovery that is inclusive and sustainable.

Enhancing Non-Oil Sectors

The non-oil economy has shown signs of growth, with sectors such as services experiencing solid performance as COVID-19 containment measures were eased.  This is a positive development, as it indicates a shift towards diversification and a reduction in dependency on oil revenues. The World Bank is supporting Iraq in this transition by focusing on reforms that can stimulate growth in non-oil sectors and create new opportunities for employment and economic stability.

Fiscal Balance and Revenue Mobilization

Government revenues in Iraq surged in 2021, driven by higher oil prices and measures to mobilize non-oil domestic revenues.  These gains helped turn the overall fiscal balance to a surplus, which is a significant achievement considering the country's history of fiscal deficits. The World Bank's role in these successes cannot be overstated, as it has provided guidance and support in revenue mobilization strategies that have proven effective.

Looking to the Future

As of August 2024, Iraq and the World Bank are focused on continued collaboration to implement economic and financial reforms. These efforts are critical for Iraq's long-term stability and prosperity. By addressing unemployment, enhancing non-oil sectors, and improving fiscal health, Iraq can build a more resilient economy that benefits all its citizens.


MNT GOAT: " Yes, they are more than ready and so where is their currency? Why not reinstate it? " , 27 NOV

MNT GOAT:  "AL-SUDANI: IRAQ MUST ALWAYS BE AT THE FOREFRONT" Prime Minister Mohammed Shia al-Sudani said today, Sunday, November 2...