FRANK26: "NATIONAL ELECTRICITY FOR A NATIONAL CURRENCY!!!", 28 DEC

 KTFA

FRANK26:  "NATIONAL ELECTRICITY FOR A NATIONAL CURRENCY!!!".......F26

 

Away from Iranian gas and its problems.. Iraq implements an unprecedented project to generate electricity (photos)

 

12/27/2024

 

The Iraqi Ministry of Electricity announced on Friday the continuation of civil works for the Karbala Solar Power Plant project, which is the first of its kind in Iraq within the framework of diversifying energy sources and not limiting it to one source.

A statement issued by the media office of the Minister of Electricity and received by Shafaq News Agency stated that "the project's generating capacity is 300 megawatts, and it is part of broader projects with a total capacity of 525 megawatts that include several governorates in the Middle Euphrates."

He pointed out that "the implementation period of the project (first phase) is 365 days," indicating that "the project area is 4,000 dunums in Al-Hur district, Karbala governorate."

Regarding the completion stages, the statement confirmed that “40,000 solar panels will be installed by the second month of next year, out of 500,000 panels required for the project.”

The statement considered that "this project represents a qualitative shift in the use of clean energy sources in Iraq, and comes within the directives of the Minister of Electricity, Ziad Ali Fadhil, to develop the energy system and adopt strategic projects, which contributes to enhancing energy sustainability and reducing dependence on imported fuel."

Iran has extended the maintenance period of its gas-producing facilities for two more weeks, causing a continued shortage of gas supplies to Iraq, according to the spokesman for the Iraqi Ministry of Electricity,   Ahmed Musa, who told Shafaq News Agency that this outage has reduced electricity production in Iraq from 26,000 megawatts to about 15,800 megawatts, which has affected energy supply in various provinces.

Musa also pointed out that southern governorates such as Basra and Najaf depend on local gas and enjoy electricity supply of up to 20-23 hours per day, while other governorates such as Baghdad and Diyala suffer from a supply of between 5-8 hours, due to their dependence on Iranian gas.

He added that about 5,000 megawatts of power plants in Iraq are currently under maintenance in preparation for the summer season, expecting that the supply hours will improve when Iranian gas supplies resume in the coming days.

LINK

RV UPDATE BY ARIEL, 28 DEC

 ARIEL

reiterate something. If $3.22 in 1980 was equivalent to $12.34, that’s a 283% increase due to inflation 12 years ago when Dr. Shabibi first brought this up. If the exchange rate reflects the cumulative inflation from 1980 to now, Iraq cannot simply restore their currency to pre-2003 levels without adjusting for inflation over those decades. The baseline value of the dinar must reflect the erosion of the dollar’s purchasing power over time, which suggest that a direct reinstatement at older rates would undervalue Iraq’s economic position. If $3.22 in 1980 is now $12.34, applying a similar inflation multiplier (around 3.8x) to the pre-2003 exchange rate of 1 IQD = $3.22 would place the new rate between $12 and $16 per IQD. However, geopolitical factors, resource control (oil), and economic growth could justify rates exceeding even $16 per IQD to reflect Iraq’s current reserves and output. Do you know what that means if you just have only 100,000 IQD? That is atleast 1.6 million. People this is just basic economics. Not throwing some dream rates out there for a dopamine fix. Just something to think about.

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Majeed KSA

@majeed66224499

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14h

The International Development Bank announced on Thursday the introduction of the electronic payment mechanism for entertainment services. The bank's management said in a statement received by the Iraqi News Agency

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8:18 AM · Dec 27, 2024

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ARIEL: Iraq's Currency Revaluation: A Merry Christmas Surprise! @DINARREVALUATION #iraqidinar

 

FRANK26: "KTFA FAMILY... TOLD YOU. (LOL)", 28 DEC

 KTFA

FRANK26: "KTFA FAMILY... TOLD YOU. (LOL)"........F26

Uncertainty over the 2025 budget.. Parliament: We don't know anything about it yet

12/27/2024

- Baghdad

Member of Parliament Ahmed Al-Sharmani explained today, Thursday (December 26, 2024), that Parliament does not know anything about the 2025 budget schedules, suggesting that the government is deliberately delaying sending it.

Al-Sharmani said in an interview with “Baghdad Today”, “According to the Financial Management Law, the budget or its schedules must reach the House of Representatives at the end of the month (10) of each year, and any delay in doing so is considered a legal violation, especially since this violation has been repeated for many years. "

He explained that "the 2025 budget tables are not known to the House of Representatives so far, and the delay in sending them is a violation, and there is no specific date for sending those tables."

Al-Sharmani added, “Perhaps the government will link sending the tables with amending the law proposed in Parliament, and this will delay sending the tables for a long time due to disagreements over the origin of the amendment.”

MP Jawad Al-Yassari confirmed on December 19, 2024, that political differences over amending the budget law will delay voting on the 2025 budget schedules, indicating that “the Iraqi government is waiting for Parliament to amend the budget law, so that it can send it the schedules for 2025 according to the amendments.”

It is noteworthy that Member of Parliament Mustafa Al-Karaawi announced on December 8, 2024, the postponement of the second reading of the amendment to the General Budget Law until after the legislative holiday.

LINK

TIDBIT FROM ED OF OCALA, 28 DEC

 Ed of Ocala

 - Iraq will fall off the world stage if not RI by Dec 31. 

All their applications- all their efforts and yrs to get there will expire.

 Iraq won’t last nor can they wait until after the inauguration. So it can’t go a couple of days into January. Deals end Dec 31st.