Tuesday, October 29, 2024

Forthcoming meeting of the Quartet on the development path, 29 OCT

 Economy News – Baghdad

The Ministry of Transport announced on Tuesday an upcoming meeting of the Quadripartite MoU countries on the development path, while the date of completion of the design stages of the project was determined.

Ministry spokesman Maitham Al-Safi said that “on the 31st of this month, a ministerial meeting of the ministerial Quartet will be held on the strategic project on the development path, and the meeting will include Minister of Transport Razak Mahbis Al-Saadawi and his counterparts in Turkey, Qatar and the UAE, and the meeting will deal with the modern through development and the latest project.”

Al-Safi pointed out that “the project is still in the stage of designs that have reached its end, as the completion in the railway line reached 100%, after conducting the topographic survey and soil stilling operations, and with regard to the landline, the completion rates reached 84%, and that this year witnesses the completion of the initial basic design stages and then moving to the stage of detailed or final designs, after which the project is presented to companies to compete for opportunities to implement the project according to the Iraqi vision and what serves the interest of the Iraqi people.”

He added, “The beating heart of the development road project is the Al-Faw Port project, and it has reached advanced completion stages. Most importantly, the process of flooding the underwater tunnel has reached advanced stages after the completion of its five berths, which is the completion of the Al-Faw port stage in 2025, and the work is escalating, especially between the road linking Umm Qasr and Al-Faw Port after reaching the final clading stage, as well as the completion of the final procedures, including the erection of lighting poles. There are also a number of bridges in which the completion rates have reached 98% and 96% for the connecting line, as well as excavations in the navigation channel and the container yard are ongoing and their completion rates have exceeded the planned.”

Al-Safi continued, “Our strategic projects are moving at an increasing pace and are within the directives of the Prime Minister, and the continuous follow-up by the Minister of Transport and through our cadres working represented by the General Company of Iraqi Ports with regard to the FAO port,” warning that “this meeting will be very important, as it will focus on the organizational and administrative process structure of the development road project, which is an opportunity to learn about the project and the latest that has reached it.”


"THE DINAR SHOWULD BE LINKED TO A DIVERSE BASKET OF CURRENCIES" , 29 OCT

 


Dinar Revaluation Update: Will It Happen Before November? @DINARREVALUATION

 


The continuous decline in dollar prices. Is Iraq restoring balance to its economy?, 29 OCT

 The continuous decline in dollar prices. Is Iraq restoring balance to its economy?

Mawazine News – Economy

On Monday, the exchange rates of the US dollar witnessed a decline in the markets of the capital Baghdad, and in Erbil, the capital of the Kurdistan Region, with the opening of the main stock exchange in the country.

Dollar prices fell with the opening of the two main Al-Kifah and Al-Harthiya stocks in Baghdad, to record 150,750 dinars per $100, while on Sunday 151,000 dinars per $100 were recorded.

With regard to the selling prices in banking shops in the local markets in Baghdad, they decreased, as the sale price reached 151.750 dinars, while the purchase amounted to 149,750 dinars per 100 dollars.


In Erbil, the dollar recorded a decline, with the selling price in banking shops reaching 150.700 dinars per $100, while the purchase price reached 150.600 dinars per $100.

https://mawazin.net/Details.aspx?jimare=256218

Coffee with MarkZ. 10/29/2024

MarkZChats And Rumors
Oct 29
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 one and all

Member: RV there yet…sigh

Member: Would sure love something good to happen soon

MZ: Going to be an interesting week. 


Member: I don't know how you keep an upbeat attitude, everything sucks

MZ: Let’s start with Iraq:  “The Central bank publishes the controls for declaring funds and their entry or exit from Iraq”  one of the things I was always told is that they would secure the borders to restrict flow of cash (specifically dinar) out of the country in the days before the RV. Can only take $10 grand US …and cannot leave the country with more than $1 million dinar. I think this one is important. 

Member: I wonder if the HCL must finalize before revalue?

Member: how does the restriction on leaving iraq with $ effect the currency dealers?

Member: sounds to me like dinar supplies will be drying up….I think that could be good. 

MZ: “ Al-Lami: stresses the importance of the presidency’s support for the Integrity commission in its quest to fight the corrupt.” There are a number of articles in Iraq yesterday and today about getting back tax money government money ect….that has been stolen over the years. And the recovery of billions of stolen dinar. 

MZ: “World Economic forum: Iraq to grow by 4.1 percent in 2025” Making Iraq one of the few countries still growing despite inflation. 

MZ:  Historic Bond information is coming in all over the place. One massive whale is still very much expecting funds this evening overnight with spendability. A couple are expecting funds tomorrow……others are expecting it anywhere from now until next Tues/Wed…depending on which type of bonds. I am hoping we are closing in at the end of the tunnel…I can see the light. 

Member: That means between now and Wednesday for historic bondholders and presently thereafter for us.

Member: Still looking for that light at the end of the tunnel.

Member: Due to the economy, the light at the end of the tunnel has been cut off. Lol

Member: I always worry a little that the light at the end of the tunnel is just the headlight on another train coming to hit you.

Member: Did you hear that Wells Fargo is closing ALL branches in Oregon? Wonder why.

Member: Do we have to have gold backed currency to RV?

MZ: It’s my understanding we go gold backed when we RV . Not before, not after but at the same time. 

Member: question: what happens to the forex after IQD RVs/RIs? .... isn't the goal of NESARA/GESARA to establish parity with all currencies??

Member: RV first…..then the reset where currencies go to parity worldwide. 

Member: I am really looking forward to this election being done and over. 

Member: Just think, only 1 week left of excessive political texts & commercials. woo-hoo!

Member: I’m thinking we’ll RV Election Day. Wouldn’t that be a look here …not there… kind of day.

Member: That would definitely be a distraction

Member: In your educated opinion Mark will we RV this year?

MZ: Yes I very much believe we will see the RV this year. 

Member: Thank you and Mark ….keep up the fantastic job as always.

Member: Everyone try to stay positive despite this frustration…….The best is yet to come. 

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

MELANAIA HINDS: IRAQI DINAR BREAKING NEWS RATES & MORE MUST WATCH #iraqidinar #dinar #ce...

Tuesday's Newspapers Are Interested In Iraq Submitting A Memorandum Of Protest To The United Nations , 29 OCT

 Tuesday's Newspapers Are Interested In Iraq Submitting A Memorandum Of Protest To The United Nations Regarding The Use Of Its Airspace By Israeli Aircraft In Its Recent Aggression Against Iran And In Today's Parliament Session.

Tuesday 29 October 2024 06:26 | Press Number of readings: 268 Baghdad / NINA / The newspapers issued on Tuesday were interested in Iraq submitting a memorandum of protest to the United Nations for the use of its airspace by Israeli aircraft in its recent aggression against Iran and in today's parliament session.

Al-Zawraa newspaper, issued by the Journalists Syndicate, said that Iraq submitted an official memorandum of protest for the use of its airspace by the Zionist entity's aircraft in its recent aggression against Iran, considering it a violation of sovereignty.

The spokesman for the Iraqi government, Bassem Al-Awadi, announced

that Iraq submitted an official memorandum of protest to the Secretary-General of the United Nations and to the UN Security Council, which included condemnation of the blatant violation committed by the Zionist entity by violating Iraq's airspace and sovereignty. Al-Awadi said in a statement:

 "Iraq officially submitted a memorandum of protest to the Secretary-General of the United Nations and to the UN Security Council, which included condemnation of the blatant violation committed by the Zionist entity by violating Iraq's airspace and sovereignty with its aggressor aircraft, and using Iraqi airspace to carry out the attack on the Islamic Republic of Iran, on October 26."

According to the statement, the Prime Minister directed the Ministry of Foreign Affairs to “communicate with the American side regarding this violation, in accordance with the terms of the bilateral strategic framework agreement and the United States’ commitment to Iraq’s security and sovereignty.”

The statement added that “the Iraqi government affirms its firm commitment to Iraq’s sovereignty, independence and the sanctity of its territories, and that it is working at various levels to confront these violations, and stresses that it will not allow the use of Iraqi airspace or territory to attack other countries, especially neighboring countries that have relations of respect and common interests with Iraq.”

He continued: “This position reflects Iraq’s keenness to follow a policy of preserving regional stability by preventing any exploitation of its territories in regional conflicts, and supporting the resolution of disputes through dialogue and mutual understanding.”

Al-Sabah newspaper was interested in the directive of the Speaker of the House of Representatives, Mohsen Al-Mandalawi, to resolve the controversial articles in the general amnesty law, which is expected to be presented during the parliamentary session scheduled for today, which is expected to witness a vote on a number of other laws, including “the Personal Status Law and the Return of Real Estate to Their Owners Law.”

The newspaper quoted a statement from the media office of the acting Speaker of the House of Representatives, "that "Al-Mandlawi chaired a new and expanded meeting of the Parliamentary Legal Committee yesterday, Monday, in the presence of its chairman and members, and a number of representatives, to discuss all the laws submitted for voting and on the agenda of the Council's session today, Tuesday."

The statement added that "the meeting focused on discussing the controversial articles in the draft law amending the second amendment to the General Amnesty Law No. (27) of 2016," indicating that "Al-Mandlawi directed the chairmanship and members of the Parliamentary Legal Committee to expedite their resolution for the purpose of voting on the law in today's session, in addition to voting on the laws (personal status, service and retirement for the Mujahideen of the Popular Mobilization Authority, and returning real estate to its owners covered by some decisions of the dissolved Revolutionary Command Council)."

The House of Representatives is scheduled to hold its fifteenth session of the second legislative term today, Tuesday, which will witness voting on a number of important laws.

A press release issued by the media department of the House of Representatives stated that “among the laws that will be voted on in today’s session is the law on returning properties to their owners covered by some decisions of the “dissolved” Revolutionary Command Council, submitted by the Legal Committee, in addition to voting on the proposed Personal Status Law No. 188 of 1959, Articles 2 and 10, submitted by the Legal Committee and the Women, Family and Childhood Committees.

The statement indicated that the session will also witness voting on the draft law amending the second general amnesty law No. 27 of 2016, submitted by the Legal, Security and Defense, and Human Rights Committees, in addition to voting on the draft law on service and retirement for the Mujahideen of the Popular Mobilization Authority, which was submitted by the Security and Defense, Legal, Finance, Martyrs, Victims and Political Prisoners Committees, which consists of 83 articles.

The statement added that the first reading of the draft law on intellectual property protection submitted by the Culture, Tourism and Antiquities, Media, Legal, Strategic Planning and Federal Service, Education and Scientific Research Committees, which contains 167 Article.

Al-Zaman newspaper focused on the relationship between Baghdad and Washington and said that Baghdad renewed its desire to change the nature of its relationship with Washington, and move from the traditional focus on military cooperation to building a strong economic alliance, reflecting the common desire to strengthen economic ties and deepen the strategic partnership between the two countries.

The statement said that (the Higher Coordination Committee for the Strategic Framework Agreement for Friendship and Cooperation with the United States of America stressed the need to move the relationship with Washington to an economic partnership and not to focus on military affairs), and

Foreign Minister Fuad Hussein, who chaired the committee's periodic meeting in the presence of all representatives of the subcommittees within the Higher Committee, confirmed that (the latest developments in bilateral relations between Iraq and the United States of America were discussed, in addition to reviewing the achievements approved during the recent meetings between the two parties in mid-April in the capital, Washington),

adding that (the meeting touched on future working papers that will be discussed during the upcoming meetings of the committee, scheduled to be held in February of next year, within the agreed upon axes, which include cooperation in the political, diplomatic, security, defense, energy, economic, education, health and environment fields), and

Hussein stressed (the importance of strengthening relations with the United States of America by implementing the provisions of the agreement, and moving the relationship to a solid economic partnership), stressing (the need not to focus only on military and security aspects, but rather to expand cooperation to include economic, health, educational and other fields). / https://ninanews.com/Website/News/Details?Key=1164893

TIDBIT FROM FRANK26, 13 NOV

  Frank26  The monetary reform policy is being introduced to you Iraqi citizens on a daily basis isn't it.     It's is my hope.  It ...