MAJEED: " The article Tells you that exist a new Budget and a New Rate of the IQD" @DINARREVALUATION

 

FRANK26: "ELECTRICITY IS CRUCIAL FOR THE MONETARY REFORM, 20 DEC

 KTFA

FRANK26: "ELECTRICITY IS CRUCIAL FOR THE MONETARY REFORM"......F26

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

 

TIDBIT FROM MNT GOAT, 20 DEC

 Mnt Goat  

 a HUGE change or transformation has occurred...a transformation of Iraq like no other they have ever experienced. It has come on the heels of being released from Chapter VII. ...

I am in close contact with the CBI committee that is responsible for rolling out the Project to Delete the Zeros.

 I get weekly statuses that are telling us that Iraq is only moving ahead and not backwards. I am told it won’t be long.

MIKE MC : I BOOKED MY APPOINTMENT WITH PRIVATE BANKER AT ANZ BANK IN AUSTRALIA @DINARREVALUATION

 

FRANK26: "ASK FRANK26... LOL.", 20 DEC

 KTFA

FRANK26: "ASK FRANK26... LOL."............F26

What are the objectives of expanding foreign transfer channels by the Central Bank of Iraq?

 

12/19/2024

 
Baghdad

 

Economic expert Alaa Al-Fahd revealed today, Thursday (December 19, 2024), the Central Bank of Iraq’s goal of expanding external transfer channels for local banks.

Al-Fahd said in an interview with Baghdad Today, "Within the Central Bank's policy and its continuous attempts to control foreign transfers to finance trade, especially in dollars, there is a continuous effort to expand the basket of foreign currencies used in imports, especially with countries with which we have import dealings, the transfer is in the currencies of the countries, and there was an agreement on this with the Turkish side, as well as the Emirates, China, and today with Jordan and Saudi Arabia."

He explained that "this step reduces the demand for the dollar to finance foreign trade, as most of the demand for the dollar is to finance foreign trade, and with the expansion of the currency basket, the pressure in the parallel (black) market on the dollar decreases, and this reduces the exchange rate in the local market."

He added, "This step will also allow many banks to deal with many countries according to the currencies of those countries, and this will enhance a major role in developing the work of banks in terms of experience, and its main goal is to control the dollar exchange rate and work to reduce it."

LINK

FIREFLY: "Mr. Sammy your boss is obligated to raise the value of your currency" , 20 DEC

  Frank26

  [Iraq boots-on-the-ground report] 

 FIREFLY: Mr Sammy says when the auctions close we will be using the lower notes because they will be needed with added value.  It will have to be out by then.  So we wait for the end of the auctions.  

FRANK:  It boils down to one thing.  In order for you to get those lower notes is for the auctions to close...Mr. Sammy your boss is obligated to raise the value of your currency.

EXCERPTS FROM MARKZ: THE EXCHANGE IN NON TAXABLE!! @DINARREVALUATION #iraqidinarinvestor