Friday, July 26, 2024
Iraq and the German Development Bank sign an amendment to the loan agreement to finance a number of development projects, 26 JULY
The Ministry of Finance and the German Development Bank (KFW) signed, today, Thursday, an amendment to the loan agreement to finance a number of development projects.
The Ministry of Finance said in a statement received by the Iraqi News Agency (INA): "Today, at the headquarters of the Ministry of Finance, an amendment to the agreement to extend financing loans granted by the German Development Bank (KFW) for a number of development projects was signed."
It added, "The amendment was signed between the Minister of Finance, Taif Sami Muhammad, and the bank's representative in Iraq."
The new amendment stipulates - according to the ministry's statement - extending the disbursement period for projects financed by loans, as follows:
- Extending the loan agreement to rehabilitate the infrastructure to provide electricity in the liberated areas (phase three) in the amount of 140 million euros until 15/1/2027.
- Extending the loan agreement to rehabilitate the infrastructure of roads, bridges, water and sanitation in the amount of 90 million euros until 31/12/2026. link
Coffee with MarkZ and Mr. Cottrell. 07/26/2024
Parliamentary Finance Reveals A Legal Violation Involving The Governor Of The Central Bank.. What About The Dollar?, 27 JULY
Policy 2024-07-25 | Alsumaria News 2,909 views Alsumaria News – Politics Today, Thursday, July 25, 2024, the Parliamentary Finance Committee confirmed that the
Central Bank of Iraq’s procedures to change the exchange rate of the dollar in Iraqi local markets
did not have any impact and
did not achieve any real actual results,
revealing a legal violation involving the Governor of the Central Bank of Iraq, Ali Al-Alaq.
A member of the Finance Committee, Muhammad Nouri , said in an interview with Al-Sumaria News,
“The Central Bank of Iraq is still continuing with its wrong procedures that have not achieved any effect and have not achieved any real actual result in changing the exchange rate of the dollar in the Iraqi local markets, which has negatively affected the Iraqi reality and has increased.” "Inflation rates have increased significantly in recent days."
He added, “There is work on this issue by the Parliamentary Finance Committee, whether it is interrogations or changing the governor of the Central Bank due to the legal age, as he has exceeded the legal age, and this is a violation of the Civil Service Law,” pointing out that
“many topics will be addressed by the Council in the coming days, especially the dollar file.”
Because of the great delays, in addition to the control of foreign banks owned by foreign capital owners, this causes an imbalance in national security and Iraqi economic security.”
Some time ago, the price of the dollar decreased in the parallel market, as it stabilized at 145 thousand dinars for every 100 dollars over the past period, but it rose again to exceed 150 thousand dinars a few days ago.
Since the beginning of last year, Washington has intervened to limit the smuggling of dollars from Iraq, which led to a rise in the price of the dollar in the local market to a record level of 170,000 dinars per 100 dollars, due to the decline in the Central Bank’s sales of dollars, given its subjection to the international “SWIFT” financial system..
It is noteworthy that the Central Bank decided to finance trade in the euro, the Chinese yuan, the Emirati dirham, and the Indian rupee, in steps to reduce the demand for the dollar.
RV UPDATE BY BRUCE, 26 JULY
Thurs 25 July 2024 Bruce:
- The EBS and NESARA/GESARA Announcements were scheduled in the near future.
- Tier4b (Us, the Internet Group) should be notified to set exchange/redemption appointments sometime between 11 am and 11:15 am EST Fri. 26 July 2024.
- Redemption Centers will be open on Sundays.
- Redemption Centers were expecting emails from the new US Treasury and a separate email from the new US Treasury was expected by Wells Fargo, HSBC and Bank of America on that same 11 to 11:15 am EST on Fri. 26 July 2024.
- They wanted appointments to start before the Paris Olympics began at 7 pm EST that Fri. 26 July 2024.
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