Guys, whenever Iraq puts out/release their daily News Articles, that means it’s already done/completed & they (Govt) are further along with what they printout release for us to dissect & read.
It’s ILLEGAL for the IRAQ Govt to tell us vocally or in print the date/rate beforehand.
The Iraqi Govt already has the NEW Dinar rate, however they are making us investors/Iraqi citizens wait for certain events to take place first & their perfect date to release it & give us the NEW rate.
It’s INEVITABLE & WE WILL HAVE THE LAST LAUGH haters!!!
Washington: We support Iraq’s economic reform agenda, updating the budget and enhancing transparency
The United States affirmed, today, Thursday, its commitment to supporting the economic reform agenda in Iraq, including updating the budget and enhancing transparency.
“I was pleased to meet with Finance Minister Taif Sami Mohammed,” said US Ambassador to Baghdad Alina Romanowski. “Economic diplomacy is a fundamental pillar of the comprehensive US-Iraq partnership.”
She added, "The US government is committed to supporting Iraq's economic reform agenda, including updating the budget and enhancing transparency." link
Petroleum Products: The Percentage Of Imports Of Derivatives Decreased To 50 Percent
10/16/2024 Mawazine News - Economy The Oil Products Distribution Company confirmed on Wednesday that the government's plans have contributed to reducing the percentage of oil derivatives imports to 50%, indicating the date for ending the import file completely.
The Director General of the Oil Products Distribution Company, Hussein Talib, said: "The state was spending approximately $4.5 billion annually on importing products such as gasoline, gas oil and kerosene, and this spending is gradually decreasing with the continuation of projects aimed at achieving self-sufficiency."
He added: "Last year witnessed intensive follow-up to complete the stalled projects in the Ministry of Oil within the ministry's policy and the government program of the current government, as the ministry has set a program within a time plan to complete these projects."
He pointed out that "the most important project completed at the end of 2023 is the Karbala Refinery Project, which is considered a major source of local products, as it refines approximately 140,000 barrels of crude oil per day, with products that conform to global marketing specifications, including Super 95 octane gasoline, gas oil, kerosene and all other products."
He continued: "Operating the Karbala refinery and completing the refining projects in the northern region has reduced the import of petroleum derivatives, and ended the import of gas oil and kerosene, and reduced the import of improved gasoline from 15 million liters to 7 million liters per day, or 50%."
The video provides updates on Iraq’s economic developments, including the launch of an electronic platform for government tenders and efforts to restore confidence in the Iraqi dinar.
Highlights
🌧️ Northwest Weather: Rain welcomed after a long summer.
🖥️ Electronic Platform: Iraq launches a unified electronic platform for government tenders.
🚚 TI Agreement: Iraq’s accession to the TI agreement boosts international transport.
💰 Investment Surge: $3.5 billion in industrial investments announced.
🌍 Opening for Business: Iraq invites Arab and international investors to participate.
🏥 Development Projects: Major projects underway to enhance economic stability and confidence in the dinar.
Key Insights
🌦️ Weather Reflection: The welcoming rain symbolizes a refreshing change, paralleling hopeful economic developments in Iraq.
📊 Digital Transformation: The launch of the electronic platform signifies Iraq’s commitment to modernizing its procurement processes, promoting efficiency and transparency.
🚛 International Trade Integration: The TI agreement positions Iraq as a strategic transit point, enhancing its role in regional trade networks.
💸 Investment Opportunities: The substantial investment figures indicate growing confidence in Iraq’s economic potential and a pivot towards industrialization.
🌐 Global Engagement: Iraq’s open invitation to foreign investors reflects a shift towards a more open economy, essential for sustainable growth.
🏗️ Infrastructure Development: Ongoing projects signal a revitalization of urban areas, aimed at enhancing quality of life and boosting local economies.
Iraq 
