Friday, September 20, 2024
PM invites Indian companies to invest in Iraq, 20 SEPT
Prime Minister Mohammed Shia al-Sudani called on Indian companies to invest in Iraq today, Thursday.
The Prime Minister's Media Office said in a statement received by the Iraqi News Agency (INA): "Prime Minister Mohammed Shia al-Sudani received today the Ambassador of the Republic of India to Iraq, Prashant Pisai, on the occasion of the end of his duties," indicating that "the overall bilateral relations between Iraq and India and ways to enhance and develop them in various fields were discussed, especially with the development and construction movement witnessed by Iraq, which provided many important investment opportunities.
" Al-Sudani stressed "the necessity of following up on the implementation of the outcomes of the meetings of the Iraqi-Indian Committee, which held its (18) session during the month of June of last year, and the importance of holding political consultations periodically and continuously between the two countries, regarding bilateral relations and regional and international issues," calling on "Indian companies to invest in Iraq."
He stressed, "The importance of India, as an important country in the region and the world, playing a role in seeking to stop the Zionist entity's war on the Palestinian people and prevent the expansion of the conflict arena, due to the risks it poses to international security and stability," expressing his thanks, "to Pisai, for what he has provided during his tenure in Iraq, and for his role in developing and strengthening cooperation to important levels, wishing him success in his upcoming missions."
For his part, Pisai conveyed "the greetings of the Indian Prime Minister to Al-Sudani," expressing "the desire of Indian companies to work in Iraq in the fields of health, hospital management and infrastructure, in addition to the desire of Indian technology companies to work in Iraq in the fields of electronic payment and digitization." link
TNT UPDATE, 20 SEPT
Wed. 18 Sept. 2024 TNT Update
“Banks got memos yesterday Tues. 17 Sept. telling them to get ready and be there this morning because it was scheduled between now and Fri. 20 Sept.
The RV announcement should be by tomorrow Thurs. 19 Sept. There is a scheduled time but no one wanted to put it out. We are now waiting for the big announcement on the Fed rate.
The Market will change with the Fed announcement. They want things to settle down and then will let the RV go. The rates are out. The Banks are ready. This should be our final call.”
DINARLAND RV HIGHLIGHTS : " THE HCL LAW IS IN THE FINAL PHASE!!! WOW @DINARREVALUATION
Summary
Prime Minister Al Sadani announces Iraq is in the final phase of the hydrocarbon law, prompting discussions about a new exchange rate for the Iraqi dinar.
Highlights
- 🚀 Major updates on the hydrocarbon law from Al Sadani.
- 💰 Discussions intensify around the Iraqi dinar’s exchange rate.
- 🔑 The HCL is crucial for economic stability and growth.
- 💳 Shift towards electronic payments could modernize Iraq’s financial system.
- 📈 Economic indicators show potential for dinar revaluation.
- ⏳ Next 10 days are critical for possible exchange rate announcements.
- 🌟 Optimism surrounds Iraq’s economic reforms and future.
Key Insights
- 📜 Hydrocarbon Law Importance: The hydrocarbon law is essential for managing Iraq’s oil resources, which are vital for economic development and currency stability. Its successful implementation could lead to equitable revenue distribution.
- 💸 Need for New Exchange Rate: Current dinar rates are artificially low. A new exchange rate would likely reflect true economic conditions, fostering investor confidence and economic growth.
- 📱 Modernizing Payments: Transitioning to electronic payments signifies a move towards transparency and efficiency, which could facilitate a more market-aligned dinar valuation.
- 📊 Economic Growth Indicators: Rising oil prices and production are driving Iraq’s economy. Continued growth is crucial for any potential revaluation of the dinar.
- 🔍 Upcoming Changes Anticipated: Analysts expect significant announcements regarding the dinar’s exchange rate in the coming days, spurred by HCL completion and payment system modernization.
- 🤝 Stakeholder Optimism: There’s a general consensus among stakeholders that Iraq’s economic policies will positively influence the dinar’s value, reflecting broader economic health.
- 🌍 Future Outlook: While challenges exist, the current trajectory suggests that a stronger dinar value is achievable, contributing to a more stable financial environment in Iraq.
Coffee with MarkZ and Mr. Cottrell. 09/20/2024
"AND THE MESSAGE SAYS... NO MORE PROGRAM RATE, NO MORE RESTRICTIONS!!!" BY FRANK26, 21 SEPT
KTFA FRANK26: "AND THE MESSAGE SAYS... NO MORE PROGRAM RATE, NO MORE RESTRICTIONS!!!"...F26 "Our Country's Dream"....
-
Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...
-
Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
-
RayRen98 BANK STAFF RECEIVED "GET READY" MEMOS THIS MORNING, THEY'VE BEEN EXCITED ALL DAY! Nader From The Mid East Y...