Monday, March 3, 2025
Al-Sudani receives a delegation from the Chinese company (Power China) to review the projects it is implementing in Iraq, 3 MARCH
Al-Sudani receives a delegation from the Chinese company (Power China) to review the projects it is implementing in Iraq
Prime Minister Mohammed Shia Al-Sudani received today, Sunday, the CEO of the Chinese company (Power China) Chen Guan Fu, and his accompanying delegation.
A statement from the Prime Minister's Office stated that during the meeting,
the projects implemented by the company in Iraq were reviewed, including solar energy projects, combined cycle projects and gas stations, within the framework of government orientations seeking to diversify energy sources.
Al-Sudani was briefed on the plans and procedures followed to implement these projects, and the mechanisms for expanding the work of the Chinese company based on the plans set by the government, in addition to discussing joint projects with the Iraq Development Fund, especially in the field of investing and implementing clean and renewable energy projects in Iraq. link
TIDBIT FROM FRANK26, 3 MARCH
Frank26
IMO at this point in the monetary reform they are so close to giving the citizens the new exchange rate which means we are so close to giving the new exchange rate to the enemy,
to parliament and that's why Sudani wants all of the systems up and running and that's why the Secretary of State came and made sure that's being done so we can detect every stealing that would occur ...
All of these moves from Sudani are because he's being guided by the United States Treasury and Donald Trump to make sure this time we hit the mark.
Al-Sudani receives a delegation from the Chinese company (Power China) to review the projects it is implementing in Iraq, 3 MARCH
Al-Sudani receives a delegation from the Chinese company (Power China) to review the projects it is implementing in Iraq
Prime Minister Mohammed Shia Al-Sudani received today, Sunday, the CEO of the Chinese company (Power China) Chen Guan Fu, and his accompanying delegation.
A statement from the Prime Minister's Office stated that during the meeting, the projects implemented by the company in Iraq were reviewed, including solar energy projects, combined cycle projects and gas stations, within the framework of government orientations seeking to diversify energy sources
.
Al-Sudani was briefed on the plans and procedures followed to implement these projects, and the mechanisms for expanding the work of the Chinese company based on the plans set by the government, in addition to discussing joint projects with the Iraq Development Fund, especially in the field of investing and implementing clean and renewable energy projects in Iraq. link
AJ UPDATE, 3 MARCH
AJ
Iraq becomes the first Arab country to adopt digital currency as a replacement for cash. (CBDC)
In an attempt to modernize the financial system and improve transparency, the Central Bank of Iraq is getting ready to launch a digital currency. By using developments in financial technology, the project seeks to progressively replace physical currency.
The introduction of a central bank digital currency (CBDC) would represent a significant shift in Iraq's payment system, enhancing financial efficiency and supervision, according to Mazhar Muhammad Saleh, the prime minister's finance adviser.
Saleh claims that the shift to digital currency would prevent uncontrolled cash transactions, cut down on cash leakage, and lessen the cost of making and distributing paper money. By giving authorities the ability to trace financial flows, keep an eye on spending, and strengthen monitoring of capital transfers, the action is also anticipated to increase financial transparency. It will also assist control international transactions and bolster Iraq's anti-money laundering policies.
By giving underprivileged groups access to banking and promoting wider economic integration, the adoption of digital money is also seen as a step toward greater financial inclusion. To safeguard financial activities, Saleh underlined that the transition calls for a strong technology foundation, including safe internet networks and cutting-edge cybersecurity tools.
Additionally, he emphasized the need of public acceptability and urged government agencies to spearhead the adoption by incorporating digital payments into official transactions and tax collection.
The digital currency would enable online and mobile transactions while preserving conventional monetary functions like a unit of account, medium of exchange, and store of value, helping to create a more effective and stable financial system in Iraq.
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FRANK26….5-23-26….THE UGLY GIRLFRIEND
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