Friday, February 28, 2025

Tawazine News – Baghdad

General Electric announced on Wednesday its plans to work on securing electricity in Iraq, while confirming work under the supervision of the Ministry of Electricity to develop the necessary plans to secure energy.

The company’s director in Iraq, Rashid Al-Janabi, said in a statement to the official agency: “Our participation this year in the Iraq Energy Exhibition in the tenth edition, which is sponsored by the Minister of Electricity, the Deputy Prime Minister, the Minister of Oil, the Prime Minister and all parties concerned with this sector is part of our work in Iraq,” noting that “GI Vernova is an international company operating in the field of energy research and energy production technology, as well as in the field of manufacturing and providing this technology to all government and private institutions around the world.”

He added that “our work in Iraq extends to more than 6 decades and enjoys great sponsorship from the concerned authorities in this sector, as we work under the supervision of the Ministry of Electricity and work with experts and specialists from the ministry very close to develop the necessary plans to secure the need for the increasing demand for electricity,” pointing out that “this work has been accelerated in the last two decades, and work continues with the Iraqi government, through which a vision was presented by GE Vernova represented by ten main pillars to meet the need for electrical energy, secure it, secure the demand for energy in Iraq and push the wheel of economic development in Iraq.”

He pointed out that “through our close work with the Iraqi government and the Ministry of Electricity in particular, we notice that there is a great progress done by the Ministry of Electricity for the work carried out by GI Vernova in a large number of these strategic pillars to secure and fill the need.”

He pointed out that “one of these pillars and the important work that has been done is to work closely with the Ministry of Oil to benefit from the associated gas burned today to produce electrical energy and work directly with the Ministry of Electricity through a long-term maintenance agreement concluded with the ministry at the end of last year, in addition to working on the maintenance of the 7 GW electricity production system of electrical energy and is maintained periodically and continuously to prepare it for the summer season. This is an ongoing work to prepare the system for next summer, as well as updating the system of electricity production units and updating it with the latest technology from GI Vernova, this modernization helps to add production capacity to the production units. For the system and raises the efficiency of the energy system, in addition to preparing and sustaining it for the summer season.”

He continued, “Implementation and completion of the linkage of the Iraqi national transport network with the Jordan network,” noting that “this strategic project was implemented by JI Vernova last year and is also essential within the action plan and the business strategy to secure energy in Iraq.

DINAR GURUS UPDATE, 28 FEB

DINAR GURUS UPDATE

Highlights

Summary

In the latest updates from Dinar Guru, significant developments in Iraq’s economic landscape are highlighted, particularly regarding oil exports, currency valuation, and population census results.

The report discusses an agreement between Iraq and Turkey for resuming oil exports, which is expected to have a profound impact on Iraq’s economy and the value of the dinar. Frank 26 emphasizes the importance of oil exports to the currency’s value, suggesting that as oil flows out of Iraq, the dinar will likely strengthen.

Recent population census results show a notable increase, which could influence resource distribution in the country. The report also mentions calls for radical economic reforms, particularly concerning the exchange rate of the dinar and the need to transition away from its peg to the US dollar.

With the approval of the 2025 budget on the horizon, there is a sense of urgency for Iraq to implement necessary changes to stabilize its economy and enhance the dinar’s international standing.

🌍 Agreement to Restart Oil Exports: Iraq has reached an agreement to resume oil exports to Turkey, signaling a positive shift in economic activity.
📈 Population Growth: The latest census indicates a substantial increase in Iraq’s population, emphasizing the need for equitable resource distribution.
💰 Currency Value Discussions: Experts suggest that restoring the dinar’s value is imperative for economic recovery, with multiple indicators pushing for reform.
🔄 Radical Economic Reforms Needed : There is a consensus on the necessity of immediate and radical reforms to stabilize Iraq’s financial situation.
📊 2025 Budget Preparations: The Ministry of Finance is finalizing the 2025 budget, which is expected to be presented for approval soon.
⚖️ Transition from US Dollar Peg: Calls for moving away from the dinar’s peg to the US dollar are gaining traction, with recommendations for a basket of currencies.
⏳ Impending Economic Changes: The report suggests that changes are imminent, as multiple economic indicators point towards the need for reform.

Key Insights

🛢️ Oil Exports as Economic Lifeline: The resumption of oil exports to Turkey is a critical development for Iraq, as oil revenue significantly contributes to the country’s budget and economic stability. This agreement not only alleviates previous disputes but also enhances Iraq’s standing in international markets. The flow of oil is closely tied to the value of the dinar, and as Iraq resumes its exports, it is likely to see a boost in its currency value, which will, in turn, improve the overall economic climate.
📅 Impact of Population Census : The recent population census reveals that Iraq’s population has grown significantly since 1957. This increase necessitates a reassessment of resource distribution across the country. The census data will be crucial in ensuring that the government can allocate resources fairly and efficiently, addressing the needs of a larger population. This demographic shift could also influence social services, infrastructure development, and economic policies moving forward.
💵 Need for Currency Reform: Militia man’s statement underscores the urgency of reforming the exchange rate of the dinar to prevent a financial crisis. The current system is under pressure, and it has become evident that without raising the dinar’s value, Iraq will struggle to stabilize its economy. A higher value for the dinar can enhance purchasing power and improve living standards for the citizens, making it essential for the government to act quickly.
🔍 Economic Indicators Point to Change: The discussion among experts indicates that various economic indicators are signaling the need for drastic changes. These indicators include inflation rates, currency exchange rates, and international market dynamics. The pressure from these factors suggests that Iraq must take decisive action to reform its economy, particularly in light of the new budget and census data.
📊 Budget Approval Process: The 2025 budget is set to be a pivotal document for Iraq’s economic strategy. With the Ministry of Finance preparing the budget for Council of Ministers’ approval, the government is gearing up to implement strategies that could stabilize and grow the economy. The timely approval of this budget is crucial, as it will lay the groundwork for future financial policies and resource allocation.
🌐 Shift to a Basket of Currencies: The recommendations for Iraq to transition from a strict peg to the US dollar to a basket of currencies represent a significant shift in monetary policy. This approach could provide more flexibility and stability for the dinar, allowing it to respond better to international market conditions. Such a transition has been advised by financial institutions like the IMF and World Bank and could enhance Iraq’s credibility in the global economy.
⏳ Imminent Changes on the Horizon: The collective insights from various experts indicate that Iraq stands on the brink of critical economic changes. The combination of resumed oil exports, a new population census, upcoming budget approval, and calls for currency reform all suggest that the Iraqi government is being pushed toward necessary reforms that could significantly alter its economic trajectory. The timing of these changes is crucial, as they will determine Iraq’s ability to recover from its current economic challenges and strengthen the dinar in the international market.

In summary, the Dinar Guru updates reflect a pivotal moment for Iraq’s economy, with significant developments in oil exports, population demographics, and currency reform discussions. The interplay of these factors will likely shape the future of Iraq’s financial health and international standing, as stakeholders call for immediate action to address the challenges at hand.

MARKZ : They are positioned!, ‪@DINARREVALUATION‬ #iraqidinarinvestor #iraqidinar

Al-Hussan infides Iraq of the steps to terminate the work of the UN mission, 28 FEB

Al-Hussan infides Iraq of the steps to terminate the work of the UN mission

The Special Representative of the Secretary-General of the United Nations in Iraq, Mohammed Al-Hassan, on Thursday, briefed Deputy Prime Minister and Minister of Foreign Affairs, Fouad Hussein, on the work of the UNAMI mission and the steps taken to end the mission by the end of this year.

This came during Fouad Hussein’s reception of Mohammed Al-Hassan in his office in the Iraqi Ministry of Foreign Affairs building, according to a statement received by Shafaq News Agency.

According to the statement, Al-Hassan explained that “the termination of the missions of the mission comes based on the UN Security Council resolution issued in May 2024, which provided for the withdrawal of the mission from Iraq by December 31, 2025, in response to the request of the Iraqi government.”

The ministry’s statement pointed out that “the two sides discussed ways to strengthen the relationship with the United Nations and activate the presence of Iraq in its organs, especially after Iraq assumed the presidency of the Group of 77 and China.”

According to the statement, Fouad Hussein praised “the role played by the UNAMI mission in providing assistance to Iraq over the past years, stressing Iraq’s keenness to continue fruitful cooperation with the United Nations in various fields.”

For his part, Mohammed Al-Hassan expressed his appreciation for the constructive cooperation between the Mission and the Iraqi Government, stressing the commitment of the United Nations to support Iraq in its march towards stability and development.

https://www.shafaq.com/ar/سیاسة/الحسان-يحيط-العراق-بخطوات-نها-عمل-البعثة-ال-ممية

“Coffee With MarkZ” Thursday Morning Chat 2-27-2025

Feb 27

Coffee With MarkZ

MarkZ Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions

Member: Good Morning…..I hope everyone is having a good week.

Member: I know something that would make it a great week….they just need to do it.

Member: Congress for the United States foAmerica Republic met for the first time March 4 1789. President is speaking before Congress March 4 2025. He is supposed to make a big announcement.

MZ: Let us hope this is what happens.

MZ: On the bond side –I have about a half a dozen confirmations of folks who have been given their position in the que to be processed. Its very interesting to see them find out who gets processed first and in what order

MZ: I don’t know our timing yet….just in what order some bond folks will be going in. . That alone s encouraging to me. I really hope to get a better idea on timing today.

MZ: I have already reached out to wealth managers/redemption exchangers…..to get an idea if they are working this weekend. Hope to have an update this evening.

Member bonds ….a few days away?

MZ: I think we could be just a few days away.

Member: Mike Bara said he knew personal bond people with big big money - all signed sealed delivered - liquid - he says one guy is spending money like a drunken sailor

Member: Yes he know 1/2 dozen bond guys with appointments and in line

Member: Mark do the groups go at the same time as the bonds?

Member: Hearing a rumor that the pentecostal group has liquidity. Hope its true.

MZ: I do not know any groups with liquidity right now. But they are positioned.

Member: I think they are all waiting for us….to go at the same time.

MZ: “ Parliament will not be disrupted” The Parliamentary legal reveals the plan of sessions during Ramadan” they will just start the day a little later. I want to point out this is unusual for them to make a plan like this. A plan for the entire parliament to keep working during Ramadan. I think this is telling on how close we are. This is very unprecedented.

Member: Nothing shuts down during Ramadan here in the Middle East. working hours are just shortened

Member: Ramadan is fascinating my friend in Dubai sends videos such high happy celebratory energy

MZ: “ One million bank cards in Iraq. The central bank supports e-wallets” A lot of news in Iraq today revolves around banking.

MZ: “ The future now begins to move to comprehensive digital transformation”Naseiri is one of Sudanis advisors.

MZ: “Iraq and Switzerland sign double taxation agreement to enhance economic cooperation” This is very interesting…They are really going international is actions as well as words. Many contracts being signed with many countries the last few weeks….huge progress for Iraq.

Member: There a lot of chatter of a lop of the three zero notes .

Member: Dinar to be backed by one gram of gold.

MZ: Yes the I-dinar …each one is supposed to back by a gram of gold.

Member: MarkZ should Iraq announce their revalue without the RV of the other currencies, will be able to exchange our Dinar under fiat?

Member: That’s always a possibility.

MZ: “5 key takeaways from Trump’s Cabinet” At President Trumps cabinet meeting yesterday- Secretary of the US Treasury Scott Bessent and Lutnick said they are going to balance the budget and pay off the national debt under President Trump. Our national debt is around $36 Trillion . if they balance the budget there will no longer be a deficit.

MZ: But how can they pay off the debt? In less then 4 years?

Member: I would say the Revaluation of currencies and a worldwide reset

Member: that would be an average of $13.5 million paid off per year on the national debt…

Member: or all at once if there is debt forgiveness????

Member: Dan Scavino posted poll asking if we should abolish IRS.

Member: I wish we knew if we have to file taxes by April 15th this year.

MZ: We just don’t know yet. But Trump is saying he wants to get rid of income taxes and change the tax structure….The question is –does he have the political clout to make that change. I would keep playing their game until the IRS is gone.

Member: Mark I am betting by the end of March at the latest IRS will be history along with pay taxes.

Member: Praying you are right. I propose getting taxes ready but don't send until we absolutely have to!

Member: It's a True Miracle if we see the IRS go away. 37 years of waiting and didn't think it would happen in my lifetime!

MZ: They said they are going to close over 140 IRS offices….

Member: 15K IRS workers to be let go next week.

MZ: Many are saying they are trimming it down to fold it into the US treasury.

Member: I find it odd that we haven't heard anything recent on ft Knox.. What are they not telling us?

Member: I think March 4th may be a big day.

Member: how many important events happened on March 4th, including the first meeting of the U.S. Congress and the inauguration of several presidents

Member: Hope everyone has a great day….See you tonight. God Bless

DINAR REVALUATION

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Friday, February 28, 2025

AJ: The Rv , It’s a deliberate decision made by the CBI!! ‪@DINARREVALUATION‬ #iraqidinarinvestor

General Electric Company announces its plans to work on securing electricity in Iraq, 28 FEB