DINAR REVALUATION REPORT: Al-Sudani Affirms Technical and Economic Requirements for Iraq's Development Road Project, 2 SEPT

Al-Sudani Affirms Technical and Economic Requirements for Iraq's Development Road Project

Iraq's Prime Minister, Mohammed S. Al-Sudani, has confirmed the necessity of meeting the technical and economic needs of the ambitious Development Road project. 1 This project aims to create a critical link between the Persian Gulf and Europe, enhancing regional economic integration and boosting non-oil sustainable economies. 2

Strategic Collaboration and Project Progress

The Development Road project, originally estimated at $17 billion, has been rebranded from the "Dry Canal" and is now envisioned as a 1,200-kilometer (745 miles) corridor connecting Al Faw in Basra province to the Turkish border in the north. 3 This corridor will traverse key Iraqi cities, including Basra, Diwaniyah, Najaf, Karbala, Baghdad, and Mosul, establishing a strategic link between Iraq and Turkey. 2

During a recent meeting, Al-Sudani emphasized to representatives of the Oliver Wyman consulting company the critical importance of addressing the technical and economic aspects of the project. 1 This underlines the government's commitment to ensuring that the project not only meets its infrastructure objectives but also delivers on its economic promise.

Stakeholder Engagement and Milestones

The project has garnered interest from various stakeholders. In April, Iraq, Turkey, Qatar, and the United Arab Emirates signed a preliminary agreement to collaborate on the project. 2 This collaboration is expected to facilitate the project's completion, which could potentially be as early as 2028. 4

Al-Sudani's meeting with Dai Houliang, chairman of China National Petroleum Corporation (CNPC), in June also hinted at the possibility of linking China's Belt and Road Initiative with Iraq's Development Road project.  5 This strategic alignment could have significant implications for regional connectivity and trade.

Overcoming Challenges

While the project holds great promise, its successful implementation requires overcoming various challenges. 3 These include securing funding, addressing legal and regulatory frameworks, and ensuring efficient execution. Al-Sudani has ordered the finalization of land expropriations necessary for the project, emphasizing the need for a coordinated approach to resolve conflicts with other ministries and provinces. 6

Conclusion

Iraq's Development Road project represents a monumental effort to integrate the region's economies and enhance its geopolitical significance. Al-Sudani's proactive stance on addressing technical and economic needs signals a commitment to realizing this vision. As the project progresses, it will be crucial to monitor how it navigates challenges and leverages strategic partnerships to achieve its ambitious goals.

Al-Sudani confirms to the consulting company the necessity of meeting the technical and economic needs of the development road project, 2 SEPT

  Al-Sudani confirms to the consulting company the necessity of meeting the technical and economic needs of the development road project

9/1/2024

Prime Minister Mohammed Shia Al-Sudani received today, Sunday, representatives of Oliver Wyman Consulting Company for the Ministry of Transport.

A statement from his office, received by {Euphrates News}, stated that: "This came within the framework of Al-Sudani's follow-up of the Iraq Development Road project and the progress of work in it, in the presence of a number of advisors."

He added, "The meeting witnessed a review of a number of tracks to follow up on the implementation stages according to the timetable for the sections."

Al-Sudani stressed the "necessity of the consulting body to take into consideration meeting the technical and economic needs of the project, which confirms its pivotal role in the economy of Iraq and the region."  LINK

Labor Day Coffee with MarkZ. 09/02/2024

Labor Day Coffee with MarkZ and Militiaman. 09/02/2024

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Morning Everyone..Are we ready to turn this page???????

Member: forget the page, I want to get rid of the whole book.

Member: I’m ready for the PTB to quit wasting perfectly good 3 day weekends and pull the darn trigger

Member: End this nightmare movie and Let the chips fall where they may…. if these sleeping people aren't awake bye now chances are they might never wake up

Member: Is today the big day Mark?

MZ: There is a lot of chatter about tomorrow being our big day. Guess we will find out then-if not sooner. Today banks are closed.

Member: Today was a workday in the Middle East. No holiday here

MZ: We are hearing all kinds of rumors that everything started ripping yesterday and they are “releasing the hounds of the RV” Tons of rumors. Tons of contacts saying “This is it”    Guess we will find out tomorrow. 

MZ: There are a substantial amount of rumors that Indian Nations are about to have funds released to their people…along with alerts for Fines and Penalties, CMKX, and Prosperity packages. I am hearing extremely positive things for today and tomorrow on F&P’s. 

MZ: Stay calm. It’s a 3 day weekend and lots of emphasis being put out there for today. We don’t know if it’s just hopium or its real?   But, I can tell you I’m blown away by the number of people convinced its all about to be seen.

Member: We hear the same story every 3 day weekend.

MZ: That is why I caution you to be calm. 

MZ: My Iraq folks are bouncing with anticipation for the next 3 days. 

Member: I a hearing the Kurds are thwarting the HCL…Does this affect the RV?

MZ: I hear that is more like a diversion. Just have to wait. . 

Member:  Thank you Mark for sharing the rumor. Gives us some hope. Today would be amazing!

Member: Militiaman was excited on his last video

MZ: If you just follow the news from Iraq …there is a lot to be excited about. 

Member:  Please please please please pleeeeeeeeeeeeease please..... let's do this!!!!

Member: Looks like Redemption Center Staff not working today???

MZ: I have not been able to reach any redeption contacts…so don’t know what to tell you on that. I have no idea if they were called in to work today or not.

Ember: Maybe that’s good news?

​​Member:  Two of our banks had a parking lot full of employees on Saturday, after being closed to the public!!

MZ: MilitiaMan may be joining us today …They are openly talking about Lower Denominations in Iraq again. Any rumors of cut sheets or currency samples circulating in the banks again …13 banks are set up in Iraq to handle exchanges. 

Member: Hoping to retire here soon!

Member: Excited to see what September has in store for us!

Member: I’m not even looking for anything to happen until after the election……hope I’m wrong.

Meber: I’m looking for gold backed currencies and the QFS……then the RV

Member: I hope that this month we dont get the infamous " this has to get done before the end of fiscal year" that we get every september. I'm sick and tired of it.

Member: Yes the US fiscal year starts Oct. 1…..

Member: Mark and MM we love you both for your integrity, honesty and positive energy!!! Thank you!

Member: Good day all! Wishing everyone a safe and happy Labor Day!

MilitiaMan Joins the stream today. Please listen to the replay for his information and opinions

Stacie Z also joins the stream at the end. Please listen to replay for her information

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

LATEST FROM BRUCE, 2 SEPT

 Bruce 

 [via WiserNow]  

 Sunday night...five o'clock Eastern...after the Forex...opens back up for trading... we're going to see all new rates on all currencies...

They should see all brand new rates Sunday night period.  Now – we would see them, probably Tuesday since Monday is a holiday. ...we don't have this absolute,

  but my belief is we can get notified on Monday which is is labor day here in the United States  - and then set our appointments and start on Tuesday...I'm just believing that we are finally at the end.

Thurs. 29 Aug. Bruce

• On Thurs. 29 Aug. 2024 there were solid but lower bank screen rates on the Redemption Center gray screens.
• On Thurs. 29 Aug. 2024 the Global Financial System was fully implemented and ready to go.
• All the banks have been totally integrated.
• The Dinar rate was three times higher at a Redemption Center than it was at a bank.
• The Dong rate was twice as high at the Redemption Center than it was at a bank.
• Zim has to be redeemed at a Redemption Center, not a bank.
• Tier4b should be notified to set appointments on Mon. 1 Sept.
• Mortgages and credit card debt elimination was starting Wed, Thurs, Fri, 4,5,6 Sept. and will run to Sun. 15 Sept.
• R&R should kick in the first week of September.
• Global arrests are taking place right now.
• The Forex comes up Sun. at 5pm EST with the new rates.
• If you are a Zim Holder the Redemption Center will give you a coupon for a Q phone.

 https://dinarevaluation.blogspot.com/2024/08/dinar-and-dong-rates-in-redemption.html

CONDITIONS FOR REMOVING THREE ZEROS FROM THE DINAR : PROJECT DELETE ZERO...

DINAR REVALUATION REPORT: Iraq Maintains Credit Rating and Foreign Exchange Reserves Level in 2024, 2 SEPT

 Iraq Maintains Credit Rating and Foreign Exchange Reserves Level in 2024

As of September 2, 2024, Iraq has successfully maintained its credit rating and the level of its foreign exchange reserves, according to the latest report by Standard & Poor's (S&P) [1]. This positive development underscores the country's financial and economic stability, as well as the ongoing reform efforts by the Ministry of Finance.

Credit Rating and Outlook

Iraq's credit rating has been affirmed by S&P at B-/B, with a stable outlook [1]. This rating indicates that the country's financial condition is currently considered speculative grade but not in immediate danger of default. The stable outlook signifies that there are no immediate pressures for a rating change in the near term.

Foreign Exchange Reserves

Iraq's foreign exchange reserves have remained robust, exceeding the level of its external public debt [1]. This surplus is a testament to the stability of crude oil prices, which has been a key factor in bolstering the country's reserves. The reserves provide a buffer against external shocks and ensure that Iraq can meet its external financial obligations.

Economic and Financial Reforms

The Ministry of Finance's reform policy has been instrumental in maintaining the credit rating and foreign exchange reserves [1]. Efforts to diversify the economy and modernize the financial and banking sectors are ongoing, though they face challenges due to the country's political dynamics [3].

Potential for Improved Credit Rating

S&P's report suggests that Iraq's credit rating could improve if the country experiences increased economic growth, diversification of public revenues, a rise in per capita income, and continued reform procedures [1]. Achieving these conditions would strengthen Iraq's financial position and reduce its vulnerability to external shocks.

Challenges and Risks

While the current situation is stable, Iraq faces several challenges. The country's economy is heavily reliant on oil revenues, which exposes it to price fluctuations in the global market [2]. Additionally, corruption and the lack of basic services are widespread issues that hinder economic development [3].

Conclusion

Iraq's maintenance of its credit rating and foreign exchange reserves level in 2024 is a positive sign of the country's financial health and resilience. Continued reform efforts and diversification of the economy could lead to further improvements in the country's creditworthiness. However, addressing the challenges of economic diversification, corruption, and service provision remains crucial for long-term stability and growth.

Finance: Iraq maintains its credit rating and foreign exchange reserves level, 2 SEPT

  Finance: Iraq maintains its credit rating and foreign exchange reserves level

 The Ministry of Finance confirmed, on Sunday, that Iraq has maintained its credit rating and the level of foreign currency reserves.

The ministry said in a statement, seen by "Al-Eqtisad News", that "in the latest report issued by Standard & Poor's Credit Rating Agency (S&P), Iraq maintains its credit rating at B- / B with a stable outlook, indicating financial and economic stability in Iraq."

It added, "The new rating reflects the ongoing economic and financial reform policy pursued by the Ministry of Finance, in addition to maintaining the level of foreign currency reserves that exceed the external public debt and fulfilling other external financial obligations as a result of the stability of crude oil prices." It continued,

"The agency's report indicated the possibility of improving Iraq's credit rating in the event of an increase in the economic growth rate, diversification of the state's oil and non-oil public financial revenues, an increase in the per capita income share of the national income, and the continuation of financial and economic policy reform measures."  link