PHONE CALL WITH CBI CONTACT : TAKING STEPS TO GO INTERNATIONAL @DINARREVALUATION

Planning Launches Unified Electronic Platform Services, 16 OCT

 Planning Launches Unified Electronic Platform Services

The Ministry of Planning announced today, Tuesday, the launch and activation of the services of the unified electronic platform for government advertisements and tenders (WWW.ITP.IQ), which is the first of its kind in Iraq.

The ministry said in a statement that "this platform was created under the direct guidance, supervision and follow-up of Deputy Prime Minister and Minister of Planning Mohammed Ali Tamim, and it specializes in tenders, contracts and government procurement affairs, stressing that "it will be applied to the rest of the ministries, agencies and governorates gradually."

The ministry indicated that "the platform will enable all government agencies to manage the activities of contracting procedures represented by publishing tender advertisements and selling their documents electronically and updating their statuses such as extension, re-announcement, cancellation and announcing the winner,

in addition to enabling all agencies to publish government purchase requests and solicit suppliers' offers to meet these requests electronically, leading to the preparation of a database that includes companies, contractors, suppliers and consultants interested in obtaining an opportunity to implement government projects using the method of direct invitations, contracting and direct purchase."

The ministry confirmed, according to the statement, that "the platform will allow commercial entities and businessmen to have immediate access to tenders announced by government contracting agencies and enable them to purchase the documents of these tenders electronically and follow up on the status of the submitted offers and the results of the study and analysis committees using the same mechanism."

The statement pointed out that "launching the electronic platform will contribute to supporting owners of small and medium enterprises, companies and suppliers by enabling them to submit their offers electronically to participate in government purchase request processing activities, in addition to allocating spaces within the platform that allow these commercial entities to promote their products and services electronically through the platform to activate electronic purchasing activity." He

explained that "the platform will enable companies, contractors and consultants to register their data, activities and specialized work within the platform database to enhance their opportunities to implement government projects using the direct invitation method and facilitate their selection processes for this purpose."

According to the statement, the ministry called on "commercial entities interested in implementing government projects, investment opportunities and preparing state purchases to visit the website (WWW.ITP.IQ) to view the platform's services, benefit from them and subscribe to its electronic services."    https://www.radionawa.com/all-detail.aspx?jimare=39758

Coffee with MarkZ. 10/15/2024

Thank you MarkZ for all your time, and encouragement daily….. PDK

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: Good Morning - is this another Groundhog day or could this be it?

Member: My two week notice is typed up and ready to hit ”send” 

Member: What good news do you have for us today Mark?

MZ:  From Iraq” Parliamentary calls to oblige the Iraqi government to cancel the privileges granted to Jordan”  They are saying they give Jordan all this preferential treatment but don’t get much back. May need to re-negotiate this…….Why is this important?  Jordan is mostly in Americas pocket…so watching Iraq step back from it …saying if it’s not good for trade they are not going to do it just to make America happy….Iraq is standing on its own two feet. 

MZ: “The US Senate enters the line of pressure on the Central Bank of Iraq”  We keep reading articles on how well Iraq is doing cleaning up corruption. But 2 senators are concerned about untraceable wire transfers from banks….Are they going to Iran?   That is the question …If it is …it may be why we have not gone yet. 

Member: or is it going to line the pockets of crooked politicians? Very suspicious.

MZ: “The recovery department signs a cooperation agreement with the Arab and International Police Directorate” This is to work with international policing operatives to recover any money stolen from the Iraqi government. 

MZ: “ The launch of the activities of the International Scientific conference under the slogan “Development financial and economic stability to restore confidence in the dinar”  This seems to be the number one goal in the government right now….to restore the confidence in the dinar so that when they change the value-people have faith in it and use the dinar instead of the dollar. 

MZ: yes we want it faster….but I think we are about to get it. 

MZ: “Coordination with the World Bank for projects”  Pretty much everybody except the US and the federal Reserve is banking on Iraq’s WTO ascension and the increase in value of the dinar. The world bank is one of those and they are working with Iraq on larger infrastructure projects. Iraq is not staying in the background for much longer. 

Member: If there is an announcement this week that Iraq has ascended to full-membership in the WTF, does that mean the new IDQ rate is public

MZ: Most likely when they announce the official WTO ascension we will see a public rate….imo

Member: The WTO needs the rate, we don’t need the WTO.

Member: Yesterday Frank 26 said Iraqi emoloyees would not get paid on the new rate this pay period but will next pay period. I wonder -How long is a pay period in Iraq??

Member: Makes sense, as salaries are normally paid in arrears, not in advance. Inference, rate change should be imminent. imo.

Member: Question about rates: is the rate at the redemption centers THE rate? Or could it float up if we wait? Or down if we don’t get in on time?

Member: RC rate is better than Forex rate. Remember, 'A bird in the hand is worth 2 in the bush'. imo.

Member: RV Intel? Bond holders?

MZ: I am still not seeing any activity on Asian bonds. Everything that I am hearing and seeing this week and last week has been on the German bonds. There were a couple meetings last night and there are bond holders who keep saying that absolutely this is our week. 

MZ: I have facilitators saying “They are telling us this is our week…..that everything is complete…but have not seen much yet. They are waiting on the final “GO” to distribute the funds to the holders. 

MZ: The bond holders seem more hopeful than the facilitators that this is our week. I was hoping to have more news than that this week. 

Member: Maybe the facilitators are skeptical of the “Boy who cried wolf” and rightly so. 

Member: I heard years ago when 30% of the bonds are done…then we get our notifications….hope that still is true. 

Member: Are the German bonds the proverbial lynchpin of the bonds?

MZ: I believe the German bonds and the Iraqi Dinar are the lynchpins of this thing….the cornerstones of the entire reset tight now.  The two key things we are watching is the German bonds and the Iraqi dinar right now 

Member: I heard a rumor that the new rate should be on FOREX tonight before they electronically pay the contracts tomorrow

Member: DOW is down .62% this morning

Member: Let’s talk about the up coming BRICS meeting this month and its implications

Member: What about the Chinese elders demanding perp walks before they will put up the gold for RV

Member: Sure is a lot happening…we have to hope releasing the RV/reset is one of them 

Member: Getting off the roller coaster… planning on RV after inauguration. Maybe I’ll be pleasantly surprised.

Member: My vacation starts in 2 days It would be a great time to head to the bank! Wouldn’t have to ever go “back to work”

Member: If the "whitehats" are in control, I wish they would just show it! We're all tired.

Member: Thanks Mark and Mods for all the time you spend keeping us encouraged……have a great day. 

Member: Happy Birthday to all celebrating all your RV dreams comes thru this week

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

IRAQ WILL ENHANCE THE DINAR'S VALUE IN INTERNATIONAL MARKETS @DINARREVAL...

DINAR REVALUATION REPORT: IRAQ WILL ENHANCE THE DINAR'S VALUE IN INTERNATIONAL MARKETS, 16 OCT

 Launching of the Activities of the International Scientific Conference Under the Slogan "Development and Financial and Economic Stability to Restore Confidence in the Dinar" IRAQ 2024

The University of Mosul, under the patronage of the Minister of Higher Education and Scientific Research, Dr. Naim Al-Aboudi, and the supervision of the President of the University of Mosul, Prof. Dr. Qusai Kamal Al-Din Al-Ahmadi, has launched the activities of the International Scientific Conference titled "Development and Financial and Economic Stability to Restore Confidence in the Dinar". 1

 The conference, held on October 14, 2024, aims to explore strategies for enhancing economic stability and boosting confidence in the Iraqi dinar.

Key Objectives and Participants

Objectives

Economic Development: The conference focuses on promoting economic development through various initiatives and projects.

 Financial Stability: It aims to ensure financial stability by addressing key economic challenges and implementing effective policies.

 Restoring Confidence: A significant goal is to restore public and international confidence in the Iraqi dinar, which is crucial for the country's economic recovery and growth.

Participants

Government Officials: The opening ceremony was attended by the Governor of Nineveh, Abdul Qader Al-Dakhil, and other high-ranking officials. 

Academics: The event brought together academics and researchers from the College of Administration and Economics and other institutions. 

Industry Experts: Representatives from the financial and banking sectors also participated, contributing their expertise and insights.

Major Initiatives and Outcomes

Strategic Projects

Mosul Airport Project: The Governor of Nineveh highlighted the implementation of major strategic projects, including the Mosul Airport, which is expected to boost the region's economic activities. 4 Health Sector Development: Plans are underway to develop the health sector, with the establishment of the Ibn Sina Hospital, a 600-bed facility, being a significant step forward.

Economic Indicators

Oil Prices: Iraqi oil prices have stabilized, with Basra Heavy crude recording 77.25 per barrel. 4 Currency Exchange: The conference also discussed the importance of stabilizing the exchange rate and enhancing the dinar's value in international markets.

Significance and Future Prospects

Economic Development

The conference underscores Iraq's commitment to economic development and stability. By focusing on strategic projects and financial reforms, the country aims to attract more investment and boost its economic growth.

International Collaboration

The event highlights the importance of international collaboration in achieving economic stability. The involvement of global financial institutions, such as the World Bank, in infrastructure projects is a positive sign for Iraq's economic future. 2

Public and Investor Confidence

Restoring confidence in the Iraqi dinar is a critical step towards economic recovery. The conference's discussions and initiatives are expected to pave the way for a more stable and prosperous economic environment in Iraq.

Conclusion

The International Scientific Conference "Development and Financial and Economic Stability to Restore Confidence in the Dinar" is a significant milestone in Iraq's economic journey. By bringing together key stakeholders and focusing on strategic initiatives, the conference aims to enhance economic stability and boost confidence in the Iraqi dinar. The outcomes of this event are likely to have far-reaching implications for Iraq's economic future and its position in the global market.

Launching Of The Activities Of The International Scientific Conference Under The Slogan "Development And Financial And Economic Stability To Restore Confidence In The Dinar", 16 OCT

 Launching Of The Activities Of The International Scientific Conference Under The Slogan "Development And Financial And Economic Stability To Restore Confidence In The Dinar"

Tuesday 15 October 2024 | Economic Number of readings: 345  Mosul/ NINA / The activities of the international scientific conference were launched at the University of Mosul under the slogan "Development and Financial and Economic Stability to Restore Confidence in the Dinar.

Nineveh Governor Abdul Qader Al-Dakhil said during his attendance at the conference that Nineveh Governorate is regaining its health with its universities and scientific expertise."

The number of banks that purchased cash dollars was one bank, while the number of banks that met requests to enhance balances abroad was 13 banks, and the total number of exchange companies participating in the auction was 8 companies.  LINK

PHONE CALL UPDATE WITH CBI CONTACT : TAKING STEPS TO GO INTERNATIONAL, 16 OCT

 PHONE CALL UPDATE WITH CBI CONTACT : TAKING STEPS TO GO INTERNATIONAL

Summary

The CBI is progressing towards digital banking and international standards, signaling significant changes for the Iraqi dinar.

Highlights

• 🌍 CBI is moving towards international banking connections.
• 💳 Iraq will enhance its digital banking infrastructure.
• 📈 The Iraqi dinar’s value is expected to increase with digital integration.
• 🚪 Iraq is set to end its currency auction window by year-end.
• 🏦 Iraq aims for World Trade Organization accession.
• 📲 Young Iraqis are encouraged to adopt digital technology.
• 🛠️ Automated customs systems are being implemented for trade efficiency.

Key Insights

• 🌐 Global Integration: The CBI’s shift towards international banking systems is vital for the dinar’s global acceptance and value enhancement.
• 💻 Digital Banking Revolution: Iraq’s movement towards digital banking aims to modernize its financial system, facilitating smoother transactions and reducing reliance on cash.
• 📊 Value Appreciation: Digitizing the economy should help stabilize and increase the dinar’s value in the global market, benefiting holders of the currency.
• 🔒 End of Currency Auctions: The elimination of the currency auction window is a step towards transparency and regulation, which may further enhance the dinar’s credibility.
• 📈 WTO Membership Goals: Achieving full membership in the World Trade Organization will allow Iraq to engage in international trade more effectively, boosting economic growth.
• 📱 Youth Engagement: Encouraging younger generations to adopt digital banking will help create a tech-savvy economy, ensuring long-term sustainability and growth.
• 📋 Customs Automation: The implementation of automated customs systems will streamline trade processes, reducing corruption and improving data accuracy at borders.