Monday, February 3, 2025

IMPORTANT IRAQ NEWS: WORLD BANK PLEDGES TO FINANCE OIL AND ENERGY PROJECTS IN IRAQ, 3 FEB

 WORLD BANK PLEDGES TO FINANCE OIL AND ENERGY PROJECTS IN IRAQ

DURING A MEETING WITH AL-SUDANI

The World Bank announced today, Tuesday, its pledge to finance a number of oil, energy and infrastructure projects in Iraq, during the reception of the Prime Minister, Mohammed Shia Al-Sudani, the Vice President of the World Bank for the Middle East and North Africa region, Othman Dayon, where ways of cooperation between Iraq and the World Bank were discussed, and the progress of development projects in Iraq.

Al-Sudani’s office said in a statement :

Prime Minister Mohammed Shia Al-Sudani received today, Tuesday, the Vice President of the World Bank for the Middle East and North Africa, Mr. Osman Dayon, where they discussed ways of cooperation between Iraq and the World Bank, and the progress of development projects in Iraq.

The Prime Minister pointed out that development projects that aim to maximize the non-oil economy and contribute to job creation are a priority for the government, stressing the continuation of economic reforms that support the private sector, and that the World Bank is called upon to enhance this experience.

His Excellency explained that the government considers the World Bank an important partner in the reform process, and that the Ministerial Council for the Economy has approved the program that was approved by the Ministry of Planning in cooperation with the World Bank, especially since the results of the reform steps in the customs and tax fields have begun to appear in a tangible and positive manner.

The meeting witnessed discussions on financing the old railway rehabilitation project and financing a number of other development projects, as Mr. Dayon pledged the bank’s financing of a number of oil, energy and other infrastructure projects. The International Finance Corporation’s contribution to financing a number of private sector projects was also discussed.


TIDBIT FROM FRANK26, 3 FEB

 Frank26 

  The East [Middle East bank owner contacts] were willing to talk to us and tell us we see those lower notes in those [January article] pictures.  Yeah they're using the 3 zero notes.

  We asked why are they using the 3 zero notes, why don't they show them the real lower notes

 They said because the real lower notes are going to look like the ones they got now.  What? 

 Yeah, they're just going to drop the zeros, the colors and the shape will still be the same.  The only one that will be different will probably be the 25. 

 It will be smaller and it'll be a 20.  It's hard to get information but what little bit we've got is just so encouraging.


ARIEL: Things are lining up nicely!!! @DINARREVALUATION #iraqidinarinvestor #iraqidinar

 


IMPORTANT IRAQ NEWS: ECONOMIST: THE COUNTRY’S FINANCIAL SITUATION IS AMONG THE MOST PROSPEROUS YEARS, 3 JAN

ECONOMIST: THE COUNTRY’S FINANCIAL SITUATION IS AMONG THE MOST PROSPEROUS YEARS

Economic expert Nabil Al-Marsoumi confirmed that “the country has large cash reserves, which are greater than 100 percent of the volume of the issued currency.”

Al-Marsoumi promised in a statement seen by Al-Masry today, Thursday, that the percentage for a country like Iraq that maintains cash reserves equivalent to between 20 and 40 percent of the volume of the issued currency is positive, indicating that the financial situation is reassuring as it has exceeded 100 percent, and thus the cash reserves in the country are very large, pointing out the importance of the matter, as it represents a firewall in the face of crises that may occur, even if they are caused by a decrease in the price of oil.

Al-Marsoumi added, “The Central Bank can provide a major source of protection for the Iraqi government if it needs some financial supplies by deducting remittances from government banks,” explaining that “the financial situation that the country is experiencing is among the most prosperous years in terms of foreign exchange reserves.”

Al-Marsoumi said, “Iraq ranked third in the Arab world in terms of foreign exchange reserves for the year 2024,” adding, “Despite the slight decrease in foreign exchange reserves in the Central Bank of Iraq from (109,153) billion dollars in 2023 to (106.7) billion dollars in 2024 according to data from the Central Bank of Iraq, as a result of the deduction of remittances to the Iraqi government, the financial situation in Iraq is still cohesive, and it occupies the third place after Saudi Arabia and the Emirates, whose reserves amount to (499) billion dollars for Saudi Arabia and (210) billion dollars as reserves for the Emirates.”


STATUS OF THE RV PART. 4 BY MNT GOAT, 3 FEB

 STATUS OF THE RV PART. 4

In fact, I truly believe unless they change these policies in the Europe that in four years or less from now the EU may not even any longer exist. 

It will go down in history as a failed experiment. However, if you truly study the EU concept in the first place, it is all based on an ideology of control, power and massive bureaucracy anyway and it was never really about wealth generation for member nations.

 It was about controlling all of Europe first, then prosperity took a backseat. If abundance and prosperity was a priority then you would see the EU thriving today and not suffering under a lack of common-sense policies. Again, we see these woke narratives taking precedence over common sense. 

 This is very dangerous for any nation. But we know where these woke policies are coming from…don’t we (hint UN)?

The sooner you realize all of this and start trusting the “trusted prophets” the better you will understand what the hell is going on. The prophets are sent by God and here to help us. Why not listen to them. Oh.. you say which ones can I trust? Folks I am showing you the ones you can trust. They may be others too but I migrate towards that few because I watch and observe their words and how they play out.

So. I am not going to list out events in Iraq that have to happen first or try to set any targets timelines like watching budgets etc. etc. 

that many of you want me to give you. 

I know that the news media did tell us that the Oil and Gas Law still needs to be passed to fulfill the full implementation of the new Iraqi constitution. 

Then I was told that the constitution must be fully implemented to fulfill a basic requirement to reinstate the dinar

This is all I know. Then this would ensure Iraq’s intentions for a democracy and sovereignty. What will actually happen with the Oil and Gas law is to be seen. 

But we can see the pressure to get it done. Why all the pressure? We have read articles with the  issue about the Oil and the 2025 budget and that all of the issues could have been avoided had they had a constitutional referendum in place as to how to handle the Oil in Iraq, incidentally still the main source of their revenues.

 This is all I know. I will not lie to you and tell you it’s all done, when I can clearly see it’s not.

In frustration of me not following this stupid approach of a targeted event for the RV to happen, many of you can’t handle it. You keep wanting to pin this RV down to a single event or a few events. 

Folks, I am not going to do this. This is not being honest with you. All of the events are important one at a time to get us to our goal of the Reinstatement. We know the Dr Shabibi plan but do we know the all the nuances that have to take place by the CBI to get around the Obama era policies? 

We just must sit tight and watch the progress now move ahead even faster, and know that the Obama era policies may be finally over. What will this bring us?

Again, let me add and be very clear –  At least I am hopeful Trump decides to abandon the Obama era policies towards Iraq. I cannot read his mind. 

I am not a fortune teller. I can only trust that he will do what is best for Iraq and not for any corrupt constituent politicians ( I am referring to the Obama era early exchanges and stealing of Iraqi funds via money laundering over his administration).

 I have been following Trump and how he operates. I can trust the prophetic word and what it tells us about him. I believe we can trust him to do what is right towards Iraq.

There is a rumor that the budget amendment sent to Parliament for a vote is funded in the billions, where we see usually trillions which is normal for a 1310 program rate (1/6 of a penny).

 If this is shown to be true than there would have to be an in-country rate change to satisfy the budget.

 I asked my CBI contact about this rumor on my call to Iraq yesterday 01/29 and she was not privy to the budget details, as the finance committee is keeping this information blocked.

 So I don’t know how this rumor started or who started it. It does make sense though if there was a rate change. This would also justify the secrecy. If I were you I would not go off half-cocked yet. Let’s wait till next week and see how this shakes out.

I also want to inform my readers of the rest of the conversation I had on yesterday’s call to Iraq.

 I was told that the CBI governor is expecting to meet with US ambassador and Trump’s new US Treasury secretary Scott Bessent next week in Iraq.

 I was also informed that the Whitehouse is taking on the file of Iraq with urgency. In other words a high priority.

 If you know anything about President Trump he is a great multi-task person. He loves to work on dozens of issues all at once, remembering the details of each. 

He has now taken on the issues involving Iraq. This is a very good for us investors as we all know the value of the dinar has been greatly suppressed due to corruption and stalling. 

Just looking at the assets and liquidity of Iraq in the articles I presented this week alone should shock anyone that the IQD is not yet trading and still solely pegged to the dollar at 1/6 of a penny. 

Yes, we all know and so does the CBI that this needs adjustment. The adjustment is coming but it will take political willpower to do it.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

AJ : 🇮🇶🔥 IT'S DONE Article 2!! @DINARREVALUATION #iraqidinarinvestor #iraqidinar

 


ZOOM NEWS IRAQ: Kurdistan Region Prime Minister Masrour Barzani welcomes the approval of the federal budget law amendment by Iraqi parliament, 3 FEB

 ZOOM NEWS

Kurdistan Region Prime Minister Masrour Barzani welcomes the approval of the federal budget law amendment by Iraqi parliament, 
calling it a “positive step” towards resolving broader disputes between Erbil and Baghdad. 

He expresses hope that it would pave the way for the federal government’s commitment to the Kurdistan Region’s financial entitlements. 📸: KRG
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