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Al-Sudani: Iraqi openness to a comprehensive partnership with Turkey and the development of the trade balance, 18 NOV

 Al-Sudani: Iraqi openness to a comprehensive partnership with Turkey and the development of the trade balance

Prime Minister Mohammed Shia Al-Sudani stressed on Monday the Iraqi government’s openness to strengthen relations with Turkey in various fields, stressing the importance of achieving a serious and real partnership that contributes to the development of the trade balance between the two countries.

The Sudanese media office said in a statement received by {Al-Furat News}, that “the latter received Turkish Trade Minister Omar Bolat, who is visiting Iraq at the head of a large delegation of about 150 businessmen from the Council of Exporters and the Turkish Contractors Union, on a working visit that includes the cities of Baghdad and Basra.”

During the meeting, the Sudanese stressed Iraq’s openness to building a serious and genuine partnership with Turkey in various fields, especially with the economic reforms carried out by the government recently, which contributed to creating a suitable investment environment inside the country. He also stressed the government’s desire to develop the trade balance between the two countries, in conjunction with the rapid growth of the Iraqi industry.

The two sides discussed preparations for the meeting of the Iraqi-Turkish Economic and Trade Committee scheduled to be held over the next two weeks.

For his part, Minister Bolat conveyed the greetings of Turkish President Recep Tayyip Erdogan to the Prime Minister, stressing the importance of growing relations between the two countries as an opportunity to strengthen cooperation, in line with the agreements reached during Mr. Erdogan’s recent visit to Iraq.

Bolat referred to the strategic development path project, stressing Turkey’s readiness to provide all necessary support to move forward in the implementation of this important project for the region and the world.

https://alforatnews.iq/news/السوداني-انفتاح-عراقي-لشراكة-شاملة-مع-تركيا-وتطوير-الميزان-التجاري

SO MUCH EXCITEMENT ABOUT THE RECENT DINAR SPIKE!!!, 18 NOV

 

  

GINGER: I’ve verified the most encouraging and LEGIT news for Tier 1 thr...

A Workshop In Basra Discusses With Foreign Oil And Gas Companies Encouraging Investment And Development In The Province, 18 NOV

A Workshop In Basra Discusses With Foreign Oil And Gas Companies Encouraging Investment And Development In The Province

Sunday 17 November 2024  Economic Number of readings: 128  Basra / NINA / The Security Committee of Basra Provincial Council sponsored, on Sunday, a workshop to reach a sustainable and effective partnership with foreign companies and encourage them to work and invest in the province.

The head of the committee, "Aqeel Talib Al-Furaiji," said according to his media office, "The workshop aims to reach a real, sustainable and effective partnership to reach a common vision between government sectors and security agencies with foreign companies operating in Basra through security, technical and informational communication according to the borders, contexts and controls in effect to encourage the active investment movement witnessed by Basra to return with economic, reconstruction and developmental benefits to Basra and Iraq in general."

He stressed the importance of this pivotal strategy that Basra Governor "Asaad Al-Eidani" worked on in the previous period, and what Basra witnessed in terms of development, reconstruction, construction, competition, rise and renaissance over the rest of the other provinces, including the capital Baghdad and the Kurdistan Region, and his giving the utmost importance to this vital file as it is one of the files of common interest that serves the interests of the local government and foreign companies wishing to invest and work in Basra."

For his part, the Director of Schlumberger Company in Iraq praised the holding of this workshop, which strengthens the relationship and work between the Iraqi authorities and foreign oil and gas companies, indicating that "this workshop represents an important link in the efforts to enhance cooperation and joint coordination to enhance security in the province, and enhance stability and development to create a more secure environment to encourage more investment and create a balance aimed at accelerating economic growth and deepening the spirit of cooperation between the Iraqi authorities and the oil and gas industry in the province." / End   https://ninanews.com/Website/News/Details?key=1169515

IRAQ IS GOING TO FOREX TOMORROW, 18 NOV

 

 Credit to Darth Vader Actual regarding First Basket of Currencies to encounter rate change. A sampling. Observe but don't absorb please. Vietnamese Dong. Iranian Rial, Iraqi Dinar.... 11.16.24

Coffee with MarkZ. 11/18/2024

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 everyone. hope your weekend was good!

Member: Please let this be our week!!

Member: will we have Christmas before Thanksgiving this year?

MZ: I think we could…. it would be tight…..but we could make it . I am heading back to Puerto Rica right after we finish this podcast.  Zester will be hosing the show tonight. 

Member: All I want for Thanksgiving is an RV.. and not the one with wheels!

​​Mark, what do you make of the VND’s tease this weekend? $.39 cents???

MZ: I think it was a lovely tease and tells us how close we are. 

Member: rates on the dong seem lower than previously estimated, Do you think VND will be .39 for us?

MZ: I still think rates will be higher than .39 cents….but I could live it. Just think we spent about $50 bucks for a million dong…..If it RVs at .39 cents that is a ROI of $390,000.00 per 1 million dong….who is going to complain about that? Turning $50 bucks into $390 thousand.

Member: Maybe they're priming the pump…Im hoping for at least a 1 to 1.

MZ: I am still hear a rate of low $2+

Member: I Found a million dong at a flea market for 2 dollars this weekend. Woot win

Member: Mark, isn't it an insanely good sign that the Rupiah, Rial, and Dong had visible rates to us plebains?  I wonder why we see it on some sites and not on forex/others?

MZ: It’s an extremely good sign…and I have had some feedback from some in high levels who say “Foreign officials in Iraq have confirmed that yesterday’s test rates (Referring to Saturdays test rates popping up on dinar and dong) are 100% legit. “  I am starting to get excited. 

MZ: is it showing on some exchanges? Yes. Is it fully released? No   So it is showing there but not compete yet. 

Member: Nader says the IQD is on forex.  He said that the dinar is on forex and soon we can buy and sell in Banks

Member: What were the test rates they saw?

MZ:one of them was $.39 cents for dong and most saw rates of upper $3’s to lower $4’s on dinar. 

Member: We are hearing that the Bolivar will be about .30.

Member: I am just ready to turn in my foreign currencies no matter the exchange price.

Member: Rates don't really matter if they wont release them so we can exchange... IMO

MZ: In Iraq: “ Al Sayoud : A gathering of generations and political blocs will adopt a project from which a national government will emerge capable of crossing the country to safety” If you follow the theme of the articles in Iraq this weekend. They are making all the necessary moves to move into a new era in Iraq…..They are talking about how great and hopeful it is. 

MZ: Then there is a great discussion in Iraq about “The Deletion of zeros and the evaluation of the dinar”  He talks about how the delete the zeros works and how it can increase the value!!!. Here is an example they used to try to keep it really simple   

MZ: For example, suppose a foreign government has set 10 units of its currency to equal one US dollar. To revalue its currency, the government might change the rate to 5 units per dollar, making its currency twice as expensive when valued in US dollars as it was before. If the above-mentioned currency revaluation occurs, any assets held by a U.S. corporation in the foreign economy must be revalued. If the value of the asset held in a foreign currency was previously valued at $100,000 based on the old exchange rate, the revaluation requires a change of $200,000. This change reflects the new value of the foreign asset in the local currency by adjusting the revaluation of the relevant currency.

MZ: the project to delete the zeros is to raise the value. Thus needing lower denomination bills. They are spelling it out for us. 

MZ: “Controversial laws in 2025 budget schedules await resolution”  they are taking advangtage of the extended parliamentary session to finish these. 

MZ: “Kurdistan Prepares for curfew on census days and reveals those excluded from it”  there are a lot of people telling us the census had to be done before they pull the trigger. Well, they are doing the census so we can check that box off. They are about to close everything down for 2 days. And everyone is staying home to get counted.  

MZ: Lots of expectations and possibilities for this week …..Stay calm. We are seeing an overwhelming amount of evidence this week.  

​​Member: I can't stay calm Mark Too excited for this week!

Member: I am calmly excited!

MZ: No updates from bond guys yet this morning. It’s too early in the day for banking to start on the west coast.

Member: I see metals are recovering.....spot gold up 40 bucks....XLM at .24

Member: any word on if we’re going to have to pay taxes when this happens?

Member: I say plan for the worst and hope for the best. 

​​Member: MarkZ question is there anything else on your checklist that you’re still waiting to see before this thing gets the green light?????

Member: Mark what else absolutely has to be DONE in Iraq for this rv to actually go?

Member: If i hear soon or close or next week again im going to go crazy lol

Member: if this thing moved any slower, it would be going in reverse

Member: Wouldn't we have to wait until debt jubilee across the world happens, before the RV???

MZ: They should happen at the same time….That is how it was explained to me. 

Member: I still think we will have to wait until after the inauguration on Jan 20

Member: What if the private groups go now and first for the RV….and the public goes after Jan 20 with the reset?  Just a thought. 

Member: if the entire system crashes….it has to all go ASAP…..so we just watch it . 

MZ: Zester is running the evening podcast.

Member: Thanks Mark and Mods. Have a safe trip today Mark. 

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