DINAR REVALUATION REPORT: IRAQ UPDATE, 16 DEC

 DINAR REVALUATION REPORT: IRAQ UPDATE

Summary

Iraq is witnessing significant economic changes, including a potential revaluation of the dinar, a shift to digital payments, and increased international investments.

Highlights

• 🚀 Prime Minister Sudani emphasizes economic growth and purchasing power.
• 💰 Speculation grows around the revaluation of the Iraqi dinar.
• 💳 Iraq is transitioning to digital payment systems, modernizing its economy.
• 🌍 Basra hosts a historic event with global leaders, showcasing investment potential.
• 🤝 Jordan’s Safwa Islamic Bank invests in the Iraqi Islamic Bank, boosting confidence.
• 🏡 The real estate market gains momentum, attracting international investment.
• 📈 Alaro Islamic Bank plans a capital increase to strengthen its position.

Key Insights

• 🌟 Sudani’s vision for economic growth signals a pivotal moment for Iraq, fostering optimism among citizens and investors alike.
• 💵 The potential revaluation of the dinar could significantly reshape Iraq’s financial landscape, attracting more foreign interest.
• 💻 The shift to digital payments indicates Iraq’s commitment to modernizing its financial infrastructure, which could streamline transactions and reduce reliance on cash.
• 🌐 The gathering in Basra demonstrates Iraq’s readiness to engage with the global community, potentially leading to increased international partnerships.
• 🏦 The investment by Jordan’s Safwa Islamic Bank reflects growing confidence in Iraq’s financial future and its strategic importance in the region.
• 🏘️ The real estate boom suggests a robust recovery and growth potential, making it an attractive prospect for international investors.
• 📊 Capital increases in banks like Alaro signpost the strengthening of Iraq’s financial institutions, essential for long-term economic stability.

🚨 Breaking News: U.S. Greenlights Iraq's International Status! 💵

 

FRANK26: "CHANGE", 16 DEC

 KTFA

FRANK26: "CHANGE"..........F26

Iraq on the map of change" .. Expert: Expected international decisions will be taken before Trump's arrival

 

12/13/2024

 

Baghdad

Political affairs researcher Muhammad Ali Al-Hakim commented on Friday (December 13, 2024) on the call of the United Nations representative in Iraq to take new decisions that serve the current situation to avoid crises in Iraq.

Al-Hakim said in an interview with "Baghdad Today" that "the call of the UN representative after meeting the religious authority in Najaf to take new decisions that serve the situation in Iraq to avoid crises carries a clear message that Iraq is heading towards changes," noting that "there are important decisions that will be taken in the near future related to the changes taking place in the region, especially with Trump's imminent assumption of the presidency in the United States of America."

He added, "The unannounced visit of the US Secretary of State is to complete the upcoming changes in Iraq. There is international and UN movement towards Iraq, and for this reason the new phase will witness major changes on the internal level, as Iraq is part of the change in the map of the new Middle East."

Yesterday, Mohammad Redha, son of the supreme religious authority, Ali al-Sistani, received the representative of the Secretary-General of the United Nations, Mohammad al-Hassan, and his accompanying delegation, to discuss ways for Iraq to avoid any conflicts that would harm it.

This comes as US Secretary of State Anthony Blinken made a secret visit to Baghdad, where he met with Prime Minister Mohammed Shia al-Sudani, to discuss the situation in the region and developments in Syria, stressing the commitment of the members of the international coalition to the security, sovereignty and stability of Iraq.

LINK

FIREFLY: ABOUT THE THREE DAY EVENT WILL BE A HISTORIC EVENT, 16 DEC

 Frank26

  [Iraq boots-on-the-ground report]

FIREFLY: TV talks about 140 ambassadors from around the world and the IMF and the World Bank are arriving is Basra. 

 They're saying for a historic event.  That's where the ports are with the development project. 

 They're saying to us this will link Iraq with international world...All these people are coming for a three day event...

Historic Dinar Revaluation Confirmed by Trump! 🎉 ‪@DINARREVALUATION‬ #iraqidinar #iraqidinarinvestor

 

Strategic” project: Iraq signs contract for three electricity stations with World Bank funding, 16 DEC

Strategic” project: Iraq signs contract for three electricity stations with World Bank funding

Shafaq News/ On Sunday, Iraq signed a contract to build three secondary electricity transformer stations in Basra province, with a capacity of 3×90 MVA and a voltage of 132/33 kV, funded by the World Bank.

The Ministry of Electricity stated that Minister Ziad Ali Fadhil presided over the signing ceremony. “The project, to be carried out by a consortium of two Turkish companies, BEST & BETAS, with advisory supervision from German company Antak Kuba, is expected to be completed within 18 months.” 

The three stations will be located in vital areas in Basra. The Al-Qibla station will be built in the provincial center to serve densely populated areas, while the Al-Ghadeer station will be located in the Al-Ghadeer neighborhood to meet the needs of residents and service projects. The Al-Faiha station in the Shatt al-Arab district will serve residential areas and service projects.

During the signing ceremony, Fadhil emphasized the “strategic” project’s importance, noting that “the new stations will boost electricity supply, alleviate network congestion, provide reliable power, and stabilize the province’s electrical system.”

Notably, this project is part of the Ministry of Electricity’s efforts to enhance the electrical network’s infrastructure and improve power service across Iraq.

Shafaq.com