DINAR REVALUATION REPORT: Some of my followers asked me if the auctions and RV can go together #iqd

 

Parliamentary Finance: Preliminary understandings with the region on its oil file, 16 DEC

 Parliamentary Finance: Preliminary understandings with the region on its oil file

The head of the Parliamentary Finance Committee, Atwan Al-Atwani, revealed preliminary understandings with the Kurdistan Regional Government on the oil file.

Al-Atwani said in a press statement that “the visits made by the parliamentary delegation to Erbil were aimed at reaching good results and understandings acceptable to both parties (Baghdad and Erbil), with regard to oil and non-oil revenues, as well as adapting the contracts concluded by the region with foreign companies to extract and transport oil.”

Al-Attani explained that “the understandings with the region come with the aim of finding a mechanism to lay a suitable ground for unification or reach convictions regarding oil prices. In order for the region to start extracting and transporting oil, it is necessary to agree on a certain mechanism, which we have reached is a preliminary approval that the possibility of adapting the regional government’s contracts according to the vision that is in line with the Constitution, and that the formula of contracts turns from partnership in production to sharing profits.”

The Federal Ministry of Finance announced yesterday, Sunday, an agreement with the Kurdistan Region, on the launch of the salaries of employees and retirees in the region, including the release of the salaries of the region’s employees for the month of November, starting from the date of {Yesterday}, provided that the rest of the treatments and observations are completed in coordination with the ministerial team.

https://alforatnews.iq/news/المالية-النيابية-تفاهمات-أولية-مع-الإقليم-بشان-ملفه-النفطي

DINAR REVALUATION REPORT: Some of my followers asked me if the auctions and RV can go together, 16 DEC

 DINAR REVALUATION REPORT

Some of my followers asked me if the auctions and RV can go together. 

Sure they can as the timeline set for auctions is expiring and they said so on record that 95% of work done. 

But it has to be announced and rate has to be changed on CBI of now it stays the same so unless you see rate change on CBi or an announcement we cannot be sure of any particular date as it would be speculation.

Unless I see auctions end for couple of days and there is an announcement regarding it from CBI it is all speculation. 

CBI statements are vague. Never gave exact date .earlier it was by the end of year. With in 2 weeks is their last statement. We are close to that happening but guessing is futile.

With out the end of auctions they will not be able to have direct access to the dollars in NYFED account. It's a process not a sudden event. 

Waiting is tough as so many people are going through financial hardships especially during holidays . We are in the end game.

BROTHERS TECHNOLOGY : "All arrows are pointing to Go time"!! @DINARREVALUATION #iraqidinar

 

Minister of Electricity sponsors signing of contract to build 3 transformer stations in southern Iraq with international funding, 16 dec

  Minister of Electricity sponsors signing of contract to build 3 transformer stations in southern Iraq with international funding

12/15/2024

In Sunday, the Minister of Electricity, Ziyad Ali Fadhil, sponsored the signing ceremony of a contract to establish three secondary electricity conversion stations in Basra Governorate, with a capacity of 3×90 MVA and a voltage of 132/33 kV, funded by the World Bank.

According to a statement issued by the ministry, and received by Shafaq News Agency, the project will be implemented by a coalition of the Turkish companies (BEST and BETAS), while the German company Antik Cuba will supervise the consultancy of the project, which is scheduled to be completed within 18 months.

The three stations are distributed over vital areas in Basra. Al-Qibla station will be established in the governorate center to serve areas with high population density, Al-Ghadeer station in Al-Ghadeer neighborhood to meet the needs of residents and service projects, while Al-Faiha station in Shatt Al-Arab district will serve residential areas and service projects.

During the signing ceremony, the Minister stressed the importance of this strategic project, noting that the new stations will contribute to increasing the hours of electricity supply, resolving bottlenecks in the electricity grid, in addition to providing reliable power sources and achieving stability in the electricity system in the governorate.

It is noteworthy that this project comes within the Ministry of Electricity’s plans to develop the infrastructure of the electricity grid and improve the electricity service for citizens throughout Iraq. LINK

BROTHERS TECHNOLOGY : "All arrows are pointing to Go time" , 16 DEC

 BROTHERS TECHNOLOGY

Financial Entitlements = 25 BUDGET SHARE. HCL, salary law is in place to solve the issue with salaries. 

We all know a ton has been agreed upon for a while now, only now the TIME PRESSURE IS about to bust the pipe.

I think they’re very serious about fulfillment of their commitments.

Why 25 Budget Should open any minute, parliament says the government doesn’t need approval from hor to proceed with implementation of the budget amendments.

System is in place for the CBI auction and remittances to end, the Banking System is Ready. All arrows are pointing to Go time and the timing is in imminent position.

AJ: Just know they have to run their countries economy until they end the cash auction #iqd