DINAR REVALUATION

Monday, April 28, 2025

MARKZ: We should have a new rate on the dinar before they ascend!! @DINARREVALUATION #iraqidinar

General Electric: We Have Implemented Strategic Agreements On The Ground In Iraq

General Electric: We Have Implemented Strategic Agreements On The Ground In Iraq

Energy Economy News – Baghdad General Electric's Iraq Country Manager, Rashid Al-Janabi, confirmed on Sunday that unprecedented government support has strengthened the partnership with the Ministry of Electricity. He also pointed to strategic agreements implemented on the ground that have contributed to improving the efficiency of the electricity grid.

Al-Janabi said, "The unprecedented government support the company has received is a key factor in strengthening the partnership between GE Vernova, the Ministry of Electricity, and the Iraqi government in general."

He added, "This partnership, which has spanned several decades, has been significantly deepened recently, positively impacting the development of the energy sector, both in terms of adding new production capacities and improving the efficiency of the transportation and production systems."

He pointed out that "these efforts have resulted in strategic agreements that have been implemented on the ground through major projects over the past two years, contributing to raising the efficiency of the electricity grid and meeting a significant portion of Iraq's energy needs, supporting future development plans and contributing to improving the environmental situation."

He added, "We aspire to expand this partnership in the future, to meet national aspirations and meet Iraq's growing energy needs." https://economy-news.net/content.php?id=54865

FIREFLY: The oil issues with prices will have no effect on the budget

Frank26

[Iraq boots-on-the-ground report]

FIREFLY:Another person is on the news saying the oil issues with prices will have no effect on the budget at this time and would have to drop to $50 to even consider any issues.

This is good news.

Apparently they must have a new exchange rate. We in the streets are asking where's article 12-2C relating to the oil not being published yet because the moment they show that to us they're going to release the new rate.

It's like they're still holding it back on purpose.

Global Currency Reset Underway: IQD: $9.35 – now activated on internal banking platforms! #iraq

Al-Sudani Stresses The Importance Of Simplifying Administrative Procedures That Hinder Investment Projects

Al-Sudani Stresses The Importance Of Simplifying Administrative Procedures That Hinder Investment Projects

Money and Business Economy News – Baghdad Prime Minister Mohammed Shia al-Sudani stressed on Sunday the importance of simplifying administrative procedures that hinder investment projects.

The Prime Minister's Media Office stated in a statement received by Al-Eqtisad News that "Al-Sudani chaired the regular meeting of the Higher Committee for Reconstruction and Investment, during which the files and projects on the agenda were discussed and decisions made."

He stressed "the need for the committee to work on reducing administrative steps and strengthening the country's investment environment," emphasizing "the importance of ministries focusing on investment projects that maximize the country's revenues, which is part of the government's approach to financial and economic reform."

The meeting witnessed the approval of several housing projects, as well as the establishment of the largest olive farm in Wasit Governorate by an Iraqi-Spanish investment company. This project is one of the outcomes of the Prime Minister's visit to Spain at the end of last year, during which he met with the President of the World Olive Council.

The meeting discussed "a number of health projects, including the establishment of an early cancer screening center. The Ministry of Health directed that the project be studied and submitted to the Investment Committee." https://economy-news.net/content.php?id=54869

TIDBIT FROM FRANK26

Frank26

In the Middle East...they're talking about a new exchange rate and the heavy talk they were dealing with was that maybe...a new rate was coming out at around $1.32.

I don't now. I have no idea what the rate will be but I do know the IMF and the World Bank is working with the CBI and the US Treasury to bring purchasing power to their currency.

When? I don't know. All the evidence is in the articles.