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

 

Iraqi private banks rely on CBI for “easy profits,” lack economic activity, expert says, 17 DEC

Iraqi private banks rely on CBI for “easy profits,” lack economic activity, expert says

Shafaq News/ Most Iraqi private banks still "depend" on the Central Bank of Iraq (CBI) without engaging in any economic activity, banking expert Mohamed Salem confirmed on Monday. 

Salem told Shafaq News Agency, “Most private banks engage in limited credit activities and do not contribute significantly to stimulating the Iraqi economy. Their revenue primarily comes from currency exchange, relying on electronic trading, hard currency, and electronic payments. They obtain dollars from the CBI, sell them, and make easy profits.”

"While private banks have stepped back from offering loans, they have led in electronic trading and providing services like ATMs and other digital services, areas where government banks have lagged,” he added. 

He explained that "private banks' services have encouraged employees to localize their salaries, while government banks, except the Trade Bank of Iraq, have struggled with low salary localization."

"Despite their failure to keep pace with international or even private banks, government banks remain trustworthy in safeguarding depositors' funds, even in the face of challenges such as the theft and looting they experienced in 2003,” the expert emphasized.

TIDBIT FROM SANDY INGRAM, 17 DEC

Sandy Ingram

  Iran is trying to get their hands on Iraq's $100 million US dollars in the federal reserve bank in New York City...This is why many Iraqis say this is [Sudani as PM's] last go round. 

 This has been going on for several months...Do not get comfortable with the progress Iraq is making. 

 There may be a few steps backward and then a lot of steps forward.  The tear in the country is showing.  Parliament went on winter break without resolving some very very serious issues... 

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

 

Transportation: More Than 600 Aircraft Cross Iraqi Airspace Daily, 17 DEC

Transportation: More Than 600 Aircraft Cross Iraqi Airspace Daily

The Ministry of Transport announced today, Sunday, that more than 600 aircraft are registered crossing Iraqi airspace daily.

The Director of the General Company for Airports and Air Navigation Management at the Ministry, Abbas Al-Baydani, said in a statement received by the Iraqi News Agency (INA): “The Iraqi airspace witnessed a noticeable increase in the number of passing aircraft, in addition to incoming and outgoing flights at Iraqi airports, as more than 600 passing aircraft were recorded daily during the past seven days.”

He added, "The Iraqi airspace is recording a noticeable increase in air traffic for incoming, outgoing and transiting flights, at a rate of (600 to 630) transiting aircraft per day, and (110 to 120) incoming and outgoing aircraft per day."

He stressed that "these figures highlight the importance of Iraqi airspace as a vital air corridor in the region," praising "the efforts of air navigation personnel who contributed to ensuring the smooth flow of air traffic and providing distinguished services to travelers and airlines."

He pointed out that "the General Company for Airports and Air Navigation Management continues to work, with the direct support and supervision of the Minister of Transport, Razzaq Muhaibis Al-Saadawi, to enhance operational capabilities and infrastructure, to meet the continuous increase in air traffic."

MILITIAMAN CC HIGHLIGHTS NOTES, 17 DEC

 MILITIAMAN CC HIGHLIGHTS NOTES

Summary

Iraq is making significant strides in reforming its economy, boosting tourism, and enhancing energy infrastructure, with the World Bank’s support and upcoming salary distributions.

Highlights

• 🌍 Prime Minister discusses implementing key government reforms.
• 🤝 Iraq and Italy sign a memorandum for economic and tourism cooperation.
• ⚡ Integrated gas development project aims to boost energy sustainability.
• 💰 World Bank funds electricity projects to enhance citizen services.
• 🛢️ Iraqi-Syrian oil pipeline set to improve regional energy supply.
• 🎉 Kurdistan announces salary distributions starting December 17.
• 📅 Electronic passport systems launch in major U.S. cities for Iraqi citizens.

Key Insights

• 🔑 Government Reform Implementation: Iraq’s commitment to implementing reforms is crucial for economic and social development, showing a focus on citizen welfare and service enhancement.
• 📈 Tourism Potential: The memorandum with Italy highlights Iraq’s strategy to leverage its rich cultural heritage for tourism, potentially attracting millions annually and boosting the economy.
• 🌿 Energy Sector Investment: The integrated gas development project indicates a shift towards sustainable energy, reducing reliance on foreign gas and enhancing local energy production.
• 💼 World Bank’s Role: The World Bank’s financing of key projects illustrates international confidence in Iraq’s recovery and economic stability, essential for future growth.
• 🛢️ Strategic Oil Pipeline: The revival of the Iraqi-Syrian oil pipeline signifies enhanced cooperation between Iraq and Syria, creating new pathways for energy distribution to European markets.
• 🎊  Kurdistan Salaries: The timely announcement of salary distributions in Kurdistan reflects the government’s responsiveness to public needs, fostering stability and growth in the region.
• ✈️ Electronic Passport Launch: The introduction of electronic passport systems for Iraqis in the U.S. is a strategic move to facilitate return and investment opportunities, fostering economic ties.

GINGER:In America, it will start in Miami and then Reno & TIP: IF YOU HOLD XRP!! @DINARREVALUATION