Al-Najjar: Iraq is upon a qualitative shift in housing and education, 22 DEC

 Al-Najjar: Iraq is upon a qualitative shift in housing and education

The head of the Iraq Development Fund, Muhammed Al-Najjar, confirmed on Saturday that "Iraq is upon a qualitative shift in the housing and education sectors through the "Rent and Own housing projects and "Eduba", which will witness the construction of more than 8,000 schools," indicating that the two projects will be implemented in partnership with the private sector.

"The two projects depend on a partnership between the private and public sectors, where the private sector builds the projects, and the government pays installments for the buildings of those projects over a specific period until they are owned," said Al-Najjar in a statement to the Iraqi News Agency - INA.

Al-Najjar stressed "the importance of these two projects in meeting the basic needs of citizens, especially about housing," noting that "the first project will provide housing units at reasonable prices, while the second project will contribute to improving the quality of education and providing a suitable educational environment for students."

"The Rent and Own" project will begin by focusing on the families of martyrs in appreciation of their sacrifices. The government will work to expand the scope of the project to include other segments of society," he added.

He explained that "these projects come within the framework of the Fund's vision to support the private sector and encourage it to participate in implementing service projects. The "Eduba" project for building schools is one of these projects, which aims to build about 8,000 to 9,000 new schools."

"Next year is expected to witness an acceleration in the implementation and launch of these two projects, which will contribute to achieving a qualitative shift in the housing and education sectors in Iraq," he included.

DINAR REVALUATION REPORT: IRAQ IS PREPARING FOR THE INTERNATIONAL MARKET INTEGRATION AND TO INCREASE THE VALUE OF THE IRAQI DINAR, 22 DEC

 IRAQ IS PREPARING FOR THE INTERNATIONAL MARKET INTEGRATION AND TO INCREASE THE VALUE OF THE IRAQI DINAR

Summary

Iraq is taking steps to bolster the value of the Iraqi dinar by increasing its foreign currency reserves, preparing for international market integration.

Highlights

• 🚨 Iraq is guaranteeing the value of the dinar for the RV.
• 💰 CBI is stacking reserves with foreign currencies.
• 🌍 Iraq is preparing for international banking connections.
• 🏦 Members are successfully engaging with tier-one banks.
• 📈 Establishing banking guarantees to stabilize currency.
• 🔒 Focus on protecting the dinar from economic downturns.

Key Insights

• 🚀 International Integration: Iraq’s strategy to stack foreign currency reserves signals its readiness to engage in global markets, enhancing the dinar’s value and credibility. 🌏

• 🔄 Currency Stabilization: By holding various foreign currencies, the CBI aims to stabilize the dinar, creating a buffer against economic instability and enhancing trade relationships. 💱

• 📊 Demand and Supply Dynamics: The increase in foreign reserves will create demand for the dinar, allowing the CBI to manage exchange rates more effectively. 📈

• 🛡️ Banking Guarantees: Iraq is implementing banking guarantees to protect its currency and enhance trade, fortifying its position in the international market. 🔒

• ⚖️ Economic Preparedness: The focus on building reserves demonstrates Iraq’s commitment to economic stability, crucial for attracting international investment. 💵

• 📞 Caution on Bank Disclosure: The warning against disclosing specific bank details reflects the need for privacy and strategic planning to avoid negative repercussions. ⚠️

TNT INTEL UPDATE: The Iraqi dinar is being paid at $3.49 right now!! @DINARREVALUATION #iraqidinar

 

PM: A need to support the dialogues of national forces to form the KRG, 22 DEC

PM: A need to support the dialogues of national forces to form the KRG

PM Muhammed S. Al-Sudani met on Saturday with the President of the Patriotic Union of Kurdistan - PUK, Bafel Talabani.

The meeting reviewed the country’s overall situation, highlighting the vital role of political forces in supporting the government’s efforts to achieve its program objectives and drive comprehensive development aimed at enhancing service delivery as well as strengthening economic conditions, said the PM Media Office in a statement - received by the Iraqi News Agency - INA.

They covered shared perspectives on various national issues, emphasizing the importance of fostering dialogue among political forces in the Kurdistan Region of Iraq to expedite the formation of the Kurdistan regional government. ;

"This follows the successful parliamentary elections held last October. Additionally, the discussions focused on enhancing cooperation and coordination between the federal government and the next regional government across security, political, and developmental fields," included in the statement.

TNT UPDATE, 22 DEC

 TNT 

Tony today says banks, down to the branch level, received a memo saying they were going to be exchanging new currencies, as early as 5:00 today or this weekend. 

In Iraq, multiple contractors were paid at a rate of $3.91. 

Citizens were told that a 10,000 dinar note would now be worth 10 dinars.

 All T4B must be finished exchanging by December 31, with no exchanges on Christmas Day.

GOLDILOCKS: Banks Preparing For New Currency Exchanges - ALL Test Completed @DINARREVALUATION #iraq

 

Al-Sudani receives an official invitation to visit Sultanate of Oman, 22 DEC

 Al-Sudani receives an official invitation to visit Sultanate of Oman

PM Muhammed S. Al-Sudani received an official invitation to visit the Sultanate of Oman on Saturday.

Al-Sudani received the Minister of Foreign Affairs of the Sultanate of Oman, Badr bin Hamad al-Busaidi as the guest minister delivered a written message from the Sultan of Oman, Haitham bin Tariq, which included an invitation to visit the Sultanate, said the PM's media office in a statement - received by the Iraqi News Agency - INA.

He praised the development of bilateral relations, and the desire to expand the horizons of cooperation "for the benefit of the Iraqi and Omani peoples. "

During the meeting, they discussed the need to strengthen ties between the two countries and enhance bilateral economic and trade exchange, especially the oil derivatives sector as the Iraqi-Omani Joint Committee will be held during the visit of the Omani Foreign Minister at the level of the foreign ministers of the two countries for the first time since its formation." 

They highlighted the latest developments in the Arab region, events on the Syrian scene, and "the necessity of coordinating positions between Arab countries in order to consolidate stability, and confirming what Iraq called for in terms of preserving the integrity of Syrian lands, 

their unity and sovereignty, as well as protecting the ethnic, social and cultural diversity of the Syrian people, in addition to supporting their free choices. The repercussions of the continued aggression on Gaza were also discussed, as well as ways to enhance the steadfastness of our Palestinian people, in addition to the necessity of efforts to consolidate the ceasefire in Lebanon."