Iraq contracts with China to build a medical city in Dhi Qar at a cost of 490 billion dinars., 24 MARCH

  Iraq contracts with China to build a medical city in Dhi Qar at a cost of 490 billion dinars

Prime Minister Mohammed Shia al-Sudani sponsored, today, Saturday, the signing ceremony of the contract to establish the medical city in Dhi Qar Governorate, with the Chinese company (CSCEC), which is considered one of the largest contracts in the medical and healthcare sector.

Al-Sudani commended all the efforts made by the Dhi Qar Reconstruction Fund, the Ministry of Health, and other supporting agencies, which resulted in the signing of this 490 billion dinar contract, which will begin implementation soon. 

He emphasized that Dhi Qar Governorate and its sacrificial people deserve the implementation of such a vital project, which will generate economic returns and prevent citizens from having to travel for medical treatment.

His Excellency affirmed that the Medical City project and the medical sector in general are at the top of the government's priorities, stressing the importance of continuing to implement projects in this sector, in order to proceed with the remaining structural reforms, especially the implementation of the health insurance law, and the projects to localize the pharmaceutical industry, which have achieved a qualitative leap. 

He pointed to the government's efforts to implement seven hospitals in all governorates, complete the projects of lagging hospitals, and adopt a method of joint management and operation with international health institutions.

The Dhi Qar Medical City Project includes (13) independent medical facilities, including 7 hospitals with a total capacity of (700) beds, namely the main hospital with 200 beds, a specialized children's hospital with 100 beds, a specialized women's hospital with 100 beds, a blood diseases and oncology center with 100 beds, a specialized internal medicine and digestive system hospital with 100 beds, an emergency hospital with 50 beds, a consulting clinics complex, specialized centers, buildings for forensic medicine, research and studies, a blood bank, and a doctors' house.

 The first phase of the project will be built on an area of ​​93 dunums, while the second phase will be built on an area of ​​39 dunums.  link

TIDBIT FROM MNT GOAT, 24 MARCH

  Mnt Goat  

 Article:  "DIRECT IMPLEMENTATION OF THE ASYCUDA SYSTEM AT ABU FLUOS CUSTOMS IN BASRA"  

Quote:  “The electronic automation system (ASYCUDA) has been implemented at the Abu Flus Customs in Basra Governorate.” 

 The more provinces that have been implemented with ASYCUDA means more revenue streams to Baghdad.  They told us years ago that the Customs and Tariffs could rival the oil revenue, if they could only get it managed correctly. 

They are doing this now and this is yet another sign of this coming to a reality.  

 ...the ASYCUDA system needs to be linked to FOREX to get the most current rates of currencies in order to determine the tariff amount.

 How can this work without FOREX or some link to the most currency rates, not just the IQD. This is also supported by the WTO, who requires this linkage of data between ports of entry. We should be watching this effort carefully.

Bank screens are showing the new rates going up in value: IQD: $5.23 VND: $3.89 on Wed #iqd #iraq

 

Al-Sudani chairs a meeting to follow up on reform measures for the Rafidain and Rashid banks., 24 MARCH

  Al-Sudani chairs a meeting to follow up on reform measures for the Rafidain and Rashid banks

Prime Minister Mohammed Shia al-Sudani chaired a meeting on Sunday to follow up on reform measures at the Rafidain and Rashid banks.

Al-Sudani's office stated in a brief statement received by the Mail that "Prime Minister Mohammed Shia al-Sudani chaired a meeting to follow up on reform measures for the Rafidain and Rashid banks, in the presence of representatives from Ernst & Young   link

AJ : THE NEW DIGITAL SYSTEM WILL TRACK EVERY DINAR!!, 24 MARCH

 AJ

THE NEW DIGITAL SYSTEM WILL TRACK

EVERY DINAR

Hey everyone, remember when I had this video pinned at the top of my feed last year? Well, we knew they were going to use DLT, aka blockchain; we just didn’t know it was going to be a CBDC. So first, let’s break down what they told us last summer about their new digital dinar and said, QUOTE: “would be better than the rest of the countries of the world.” The Central Bank of Iraq (CBI) has been working on and testing its Central Bank Digital Currencies (CBDCs) for some time, as part of a broader financial reform strategy to modernize Iraq’s economy, as highlighted in two key videos I shared last September. The CBI is rolling out two types of CBDCs: retail and wholesale, each serving distinct purposes. The retail CBDC, detailed in the first video, is designed for everyday use by citizens and companies. It focuses on tracking the movement of the Iraqi dinar at the individual and corporate level, ensuring the CBI knows “where the dinar comes from and where it goes.” This system, which the CBI claims is “better than the rest of the countries of the world,” The goal is to rehabilitate government banks like Al-Rafidain Bank, turning them into productive institutions that offer an integrated package of banking services through advanced electronic programs. The wholesale CBDC, outlined in the second video, is for large-scale transactions, in millions, specifically for foreign transfers like import payments. It involves banks, ensuring funds are used “actually for import purposes and not for other purposes.” The CBI has implemented special procedures, requiring regulatory companies to provide statements verifying that these operations are “100% sound,” confirming the imports are legitimate and the money isn’t diverted (e.g., to black markets). This platform enhances international compliance standards, aligning with global rules like AML/CTF requirements, while a consultancy (Ernst & Young) provides studies to support economic development. For instance, when Iraq imports goods, the wholesale CBDC ensures the payments are trackeThe CBI’s been testing these systems , Iraq’s digital dinar is primarily retail-focused, per Saleh and Al-Hashimi (article), for citizens via wallets. Used by the public for everyday transactions. The retail CBDC will helps citizens pay for goods and services just like paper currency, while the wholesale CBDC ensures import payments are legit, both driving non-oil revenues and economic stability. Tomorrow, I’ll dive deeper into the digital dinar CBDC and expand on the details. So turn on notifications! Transcript of video Retail public digital dinar. Enhances international compliance standards. Meanwhile, the country is witnessing financial and monetary reform paths that included many procedures and decisions. The financial and banking reform process was adopted by the Sudanese government on the subject of rehabilitating government banks so that they become productive banks. The Iraqi is trying to have a system for tracking the movement of the Iraqi Dinar that is better than the rest of the countries of the world. The global software system has now contributed to the solidification of international financial transfer procedures. We will now move to reform the internal system through a system for tracking the movement of the Dinar and knowing where the Dinar comes from and where it goes at the individual level and at the corporate level. Improving the reality of work, the banking sector, and at the top of the list, is Al-Rafidain Bank, which comes within a strategy whose goal is to provide an integrated package of banking services to citizens and companies that rely on advanced electronic programs. Wholesale CBDC Special procedures to develop the service for all foreign transfers in the future. (imports) Only by giving the statement of these regulatory companies support that these operations are 100% sound operations for imports purposes only through them are you sure these imports are real and the money spent or transferred to them is actually for import purposes and not for other purposes. according to economists, The company the consultancy will contribute to providing studies for the purposes of economic development and in a way that enhances international compliance standards.

6:47 PM · Mar 22, 2025

IQD: $10.21 – Public trade screens GO LIVE TONIGHT!! @DINARREVALUATION #iraqidinarinvestor #iraq

 

Oil Expert: Oil Prices Rising To $72 Will Have A Positive Impact On The Iraqi Economy, 24 MARCH

 Oil Expert: Oil Prices Rising To $72 Will Have A Positive Impact On The Iraqi Economy

Time: 2025/03/22 12:16:56 Read: 1,275 times  Economic: Al Furat News} Oil expert Hamza Al Jawahiri confirmed today, Saturday, that recording oil prices and Brent at an average of $72 per barrel has a positive impact on the prices of Basra crude and Iraqi oil in general.
Al-Jawahiri explained in a statement to Al-Furat News Agency, "Heavy Basra crude may be less valuable, but the rise in the prices of Brent crude and oil in general contributes to raising the value of the remaining Iraqi crudes."

Al-Jawahiri pointed out that "these prices are considered safe and good for the Iraqi economic situation," explaining that "any increase above $70 per barrel is safe and does not pose any economic problems for Iraq."   LINK