Nader From The Mid East
Let me tell you something about trading the dinar -
We already start trading the dinar with other countries.
Now I can take the dinar to anywhere in the Middle East or North Africa and exchange it. In American, Canada Australia, Europe I cannot yet.
Qatar Energy acquires 50% of Total solar project in Iraq
Economy News – Baghdad
Qatar Energy Company, one of the world’s largest suppliers of liquefied natural gas, announced on Monday that it had agreed to buy a 50% stake in the Total Energis solar energy project in Iraq, which has a maximum production capacity of 1.25 gigawatts.
In a statement issued by Qatar Energy, Qatar added that the French energy giant will retain the remaining 50% stake in the project, which is part of Iraq’s $27 billion integrated gas growth project, without disclosing the size of the deal.
The “Integrated Gas Growth Project in Iraq” initiative aims to boost electricity supply in Iraq, including by preserving gas in three oil fields instead of burning it with the aim of using it to supply power plants, which helps reduce the Iraqi import bill. The initiative also includes renewable energy projects.
Iraq currently imports between a third and 40% of its electricity and gas needs from Iran, but it still suffers from widespread power outages, especially in the hot summer months when the demand for energy for cooling is rising.
Qatar Energy said that the solar energy project, which will be phased to become operational between 2025 and 2027, “will be able to
When completed to save up to 1.25 gigawatts in peak of solar-generated electricity,” the project will include the use of “two million dual-sided, high-efficiency solar panels.”
The company added that the project “will be able to supply electricity to about 350,000 homes in the Basra area.”
Qatar Energy joined last year to an alliance to implement the “Integrated Gas Growth in Iraq” project with a 25% stake, along with Total Energy 45 percent, and Basra Oil Company 30%.
Clare
Article: "Planning: Census operations will continue for two weeks starting from November 20"
Quote: "The Ministry of Planning confirmed today, Friday, that the date for conducting the census on November 20 is fixed and unchanged, while it indicated that its operations will continue for two weeks until December 3, 2024."
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Clare
Article: " 'Hybrid Monetary Policy'.. Al-Sudani's Advisor Reveals the Central Bank's New Step"
Quote: " The Central Bank began...on October 24, to reduce the monetary policy interest rate...by about 200 percentage points, by lowering the interest at which the Central Bank deals with banks from 7.5% to 5.5%, which means...an expansionary policy in targeting the money supply...
Despite the above...new policy did not neglect the importance of continuing to control local liquidity levels and carrying out high sterilization operations,
by offering debt instruments called Islamic certificates of deposit...which are considered sovereign debts that can be mortgaged or discounted in the secondary market and are excellent debts...
with a return of 4% for a period of 14 days and a return of 5.5% for a period of 182 days."
https://dinarevaluation.blogspot.com/2024/10/tidbit-from-clare-28-oct.html
Economy News – Baghdad
The Chairman of the Parliamentary Finance Committee, Atwan Al-Atwani, on Monday, assured Tunisian Finance Minister Siham Al-Boghdiri the serious desire to benefit from the Tunisian experience in managing financial and monetary wealth, and its steps in achieving sustainable development.
A statement from the Media Office of the Chairman of the Parliamentary Finance Committee, seen by “Economy News”, stated that “the Chairman of the Parliamentary Finance Committee, Atwan Al-Atwani, and the accompanying delegation, met with the Tunisian Finance Minister Siham Al-Bughdiri, in the presence of the Chargé d’Afaires of the Iraqi Embassy in Tunisia, and the advanced staff in the Tunisian Ministry of Finance, to discuss ways to enhance cooperation and joint coordination between Iraq and Tunisia, with regard to the development of the financial, monetary and economic system, and to achieve the aspirations of the two brotherly peoples.
According to the statement, Al-Atwani stressed “the serious desire to benefit from the Tunisian experience in managing financial and monetary wealth, and its steps in achieving sustainable development, especially since it has a pioneering experience in relying on non-oil revenues, in financing the general budget of the state.”
The statement added that “the meeting came within the framework of Iraq’s direction to maximize its non-oil resources, so we aspire to positive integration with Tunisia in this regard, in order to achieve sustainable development that requires economic stability,” explaining: “This cannot be achieved for a country that depends entirely on oil, and we cannot accept that our economy remains subject to fluctuations in oil prices.”
The statement continued, “The meeting reviewed the most important challenges facing the financial and monetary sector, how to build the general budget of the two brotherly countries, ways to diversify sources of income and address deficits, and mechanisms for expanding the tax base and estimating revenues,” sevisting “the Iraqi government’s adoption of the application of automation and digital transformation, as it is an essential step in combating corruption and improving services.”
Walkingstick
In the past corrupt executives and parliament people used to take advantage of the banks and the money exchange centers in the black market. Both of these issues are gone...
--Walkingstick
Sudani is slowly allowing banks to be relicensed again but he's bringing in these currency exchange centers as well.
When he relicenses a bank, he will have full control of that bank.
When he brings in these money exchange centers/banks he will have full control of them also. Sudani and the CBI watch every process of the monetary reform...
They will be giving a percentage to these centers and banks of the volume they will be bringing in. It is a symbiotic relationship where they will both benefit...
https://dinarevaluation.blogspot.com/2024/10/tidbit-from-walkingstick-26-oct.html
Iraq advances digital transformation to boost financial efficiency and economic diversification The Iraqi Ministry of Finance has announce...