MarkZ
[via PDK]
“Sudani issues 6 directives to increase financial inclusion and raise its indicators in all governates”
These include increasing number of banking branches, modern technologies, banking services…etc.
They have modernized their banking system for the rise in value of their currency.
This is all part of their white papers and economic reforms.
One of their goals is to raise the purchasing power of the dinar for all Iraq.
That means a revaluation (RV) or Re-instatement.
Baghdad expects Al-Faw Port to turn Iraq to a maritime state with a role in the Gulf
Iraqi high Minister Mohammed Shia Al-Sudani inaugurated five docks on Thursday at a main new port the us of a is building on its slim Gulf coast.
Grand Faw Port on Al-Faw Peninsula is supposed to offer a new freight link between Asia and Europe thru upgraded rail and street infrastructure via Iraq and Turkey.
Dubbed the Iraq improvement street, the mega assignment is anticipated to value some $17 billion.
the first segment of work on the new port, intended to supplement the present docks within the port city of Al-Faw, is expected to be finished next year by way of South Korean construction large Daewoo Engineering.
Al-Sudani said the new port might make Iraq part of the “worldwide exchange and shipping routes that skip thru the center East”.
“The mission will remodel Iraq from a country dependent on the ports of others to a maritime state with a complete presence at the Gulf,” he stated.
Daewoo has constructed a almost 16 kilometre (10 mile) long breakwater in the Gulf to defend the port — the sector’s longest, in keeping with Guinness world records.
A tunnel connecting Al-Faw Peninsula to the Iraqi port of Umm Qasr is 1/2 whole, the prime Minister said.
Mnt Goat
My...CBI...contact...told me there is a planned meeting next week with the director Al Al-Alaq to review the status of the committee work and plan out the next phase of the project to delete the zeros.
I was told that the CBI will no longer be supporting the currency auctions come the end of the year...she told me they are now working on many more foreign banks besides the already arranged four (4) U.S. banks that are going to also come into process of supporting the international conversion of dinar to dollars on payment of imports to Iraq.
Why would these other banks want to exchange dinars if they were not going to be worth something and globally traded?
...This news was VERY good news for all of us. It tells us there is going be some huge change in policy of currency exchange for international trade with Iraq.
KTFA
FRANK26: "THIS IS THE 30 DAY EXTENTION EDDIE TOLD US ABOUT"........F26
Iraqi Parliament extends its legislative term until the ninth of next month
11/7/2024
The Iraqi Parliament decided today, Thursday, to extend the legislative session for 30 days, starting from November 9 of this month.
This comes after the member of the Parliamentary Legal Committee, Mohammed Al-Khafaji, revealed to Shafaq News Agency that the current legislative session of the Council of Representatives ends on the 9th of this month, and that its extension for another month is subject to Article 58 of the Iraqi Constitution.
He added that according to this article, the legislative term can be extended at the request of the President of the Republic, the Prime Minister, the Speaker of the House of Representatives, or 50 members of parliament, provided that the extension is approved by a vote of the majority of the members of the House.
Al-Khafaji explained that the extension comes to organize the work of Parliament and approve pending laws, as the past period witnessed repeated postponements in the Council’s sessions and the incomplete agenda.
He pointed out that the extension will provide an additional opportunity for the government to submit the draft general budget law for 2025, which is supposed to be submitted before the end of this year. He stressed the importance of the government taking advantage of this time to avoid the delay witnessed in the budget this year.
TEXAS SNAKE
Well word via the banker from the higher ups is an announcement will be made shortly after Tuesdays results are in that in addition to the president many changes will be following shortly.
We will be getting 800 numbers and begin scheduling appointments towards the end of the week with those appointments to begin around Tuesday the 12th.
He will update me as he receives news.
