DINAR REVALUATION IRAQ STATUS REPORT, 8 NOV

 DINAR REVALUATION IRAQ STATUS REPORT

Summary

Iraq shows promising economic recovery with foreign reserves, reduced inflation, and strategic investments as it prepares for a major census and international collaborations.

Highlights

• 🌍 French President Macron supports Iraq’s stability through the upcoming Baghdad conference.
• 🚢 Iraq receives new port infrastructure with Korean collaboration, boosting economic capabilities.
• 💰 Central Bank reports recovery indicators, aiming for economic growth and reduced inflation.
• 🔋 Major investments in renewable energy projects signal a shift towards sustainability in Iraq.
• 📊 The Iraqi stock market sees significant trading volume increase, indicating investor confidence.
• 🌞 Qatar’s Energy partners with Total Energy for a solar project, enhancing Iraq’s energy sector.
• 🗳️ Iraq plans its first census in 27 years, crucial for development planning and accurate data collection.

Key Insights

• 📈 Economic Recovery: The stabilization of Iraq’s economy is supported by increased foreign cash reserves and robust financial policies, critical for fostering growth and attracting investment.
• 🤝 International Collaboration: The involvement of foreign leaders and companies, such as the French government and Qatar’s Energy, highlights Iraq’s strategic positioning for international partnerships to bolster its infrastructure and energy sectors.
• 🔄 Inflation Management: The Central Bank’s focus on reducing inflation rates reflects a proactive approach to economic stability, aimed at creating a conducive environment for both local and foreign investments.
• ⚡ Renewable Energy Focus: Investments in renewable energy projects underscore Iraq’s commitment to sustainable development, which could significantly reduce reliance on oil in the future.
• 📊 Market Confidence: The increase in trading volumes on the Iraqi Stock Exchange demonstrates growing investor confidence and a positive outlook on the economic recovery trajectory.
• 🔍 Census Importance: The upcoming census is pivotal for effective governance and resource allocation, ensuring that future economic strategies are based on accurate demographic data.
• 🏦 Financial Sector Growth: The rise in remittance activities and banking services reflects a strengthening financial sector, crucial for economic resilience and growth in Iraq.

Iraq bank friend Aki :" Over 90 currency centers around Michigan" BY WALKINGSTICK ‪@DINARREVALUATION‬

 

Iraqi PM Al-Sudani highlights progress in Al-Faw Grand Port projects during Basra tour, 8 NOV

Iraqi PM Al-Sudani highlights progress in Al-Faw Grand Port projects during Basra tour

Shafaq News/ On Thursday, Iraqi Prime Minister Mohammed Shia Al-Sudani announced the progress of key projects at Al-Faw Grand Port in Basra province, the southernmost part of the country.

Al-Sudani's announcement came during a maritime tour in which he reviewed the key projects at Al-Faw Grand Port in Basra, accompanied by the Minister of Transportation, the Governor of Basra, several members of parliament, advisors, and the Director General of the State Company for Iraqi Ports.

According to a statement from the PM's Media Office, Al-Sudani began his tour with the five berths for which he oversaw the handover ceremony earlier today. He then reviewed other projects, starting with the container yard and the wharf wall, which has reached 100% completion. He also visited the submerged tunnel, which is 58.47% complete and is one of the most significant projects within the Development Road initiative.

“During his tour, Prime Minister Al-Sudani was briefed on the progress of the navigation channel, with a completion rate of 77.41%,” the statement affirmed. “He concluded his tour by reviewing the progress on the road connecting Al-Faw Grand Port to the highway, which marks the start of the strategic Development Road. This project has now achieved a 92.42% completion rate.”

In this context, Al-Sudani praised the engineers, technicians, and workers involved in Al-Faw Grand Port projects “for their efforts over the past two years,” noting “the significant progress made since the government assumed its executive duties.”

Earlier today, during the ceremony of handover of the port’s five berths from the implementing Korean company, Al-Sudani said his government faced "significant challenges" in launching the vital Development Road project, noting that “Al-Faw Grand Port would reshape Iraq's historical geographical position.”

Notably, Al-Faw Grand Port, situated at the southern tip of the country, is seen as a key project in Iraq's efforts to strengthen its trade links and economic standing in the region. The port is expected to provide Iraq with a strategic entry point to the Gulf and enhance its trade capacity by providing an alternative route for the transit of goods.

"EACH DAY VIDEOS ARE RUNNING FROM THE CBI ON TV SAYING THAT THE DINAR WILL RETURN TO THE " GLORY DAYS" BY FIREFLY, 8 NOV

  Frank26  

[Iraq boots-on-the-ground report] 

 FIREFLY: More and more each day videos from CBI being played on TV about the electronic platform system,

 saying how we are moving over and how the dinar is now stable and now stronger than ever, how the dinar will return to the 'glory days'. 

 FRANK:  Oh my God.  These are the right people we want to hear from. 

 These are the right words that we want to hear from these people...They're telling them these things IMO because they already have.  All this is just the introduction.

Dinar Revaluation Update Tier4B Notifications are HERE FROM WOLVERINE @...

Iraqi financial expert: recent dollar rise is temporary, driven by global markets, 8 NOV

 Iraqi financial expert: recent dollar rise is temporary, driven by global markets

Shafaq News/ The recent rise in the US dollar against the Iraqi dinar is temporary, and economic factors, rather than political ones, ultimately determine currency trends. According to Mahmoud Daghir, a financial expert and former director at the Central Bank of Iraq.

In an interview with Shafaq News Agency, Daghir explained that the dollar's fluctuations in local markets are influenced by global trends, as the dollar remains the same whether in Iraqi markets or global exchanges. However, “The key concern is how the local currency reacts to these global shifts within Iraq. ”

"The current changes in the dollar’s value are temporary and will likely return to normal once stability is restored," Daghir stated. "It is the economic situation that determines the dollar's value against other currencies, not political factors."

Iraq has recently witnessed a surge in the US dollar against the dinar, causing concern among local businesses and consumers. The exchange rate has fluctuated significantly, surpassing sometimes 160,000 per $100.

TIDBIT FROM CLARE, 8 NOV

 Clare 

 Article: "Al-Sudani congratulates Trump and Vance, stresses Iraq's commitment to strengthening relations with America"

  Quote: "It is noteworthy that Iraqi Prime Minister Mohammed Shia al-Sudani had strongly attacked the administration of former US President Donald Trump, 

during a speech he gave at a memorial ceremony held in Baghdad in 2023 on the anniversary of the assassination of former Iranian Quds Force commander Qassem Soleimani and deputy head of the Popular Mobilization Authority Abu Mahdi al-Muhandis in an airstrike near Baghdad International Airport in early 2020..."