Turkey reveals the direct path of development with Iraq on this date, 19 SEPT

 Mawazine News – Follow-up

Turkish Minister of Transport and Infrastructure, Abdulkadir Oraloglu, said that the plans for the development road project with Iraq are nearing completion, and that the implementation of the project is expected to start in 2025.
Turkey announces this in statements made on Wednesday to Anadolu Agency

The “Development Road” project is a land and railway road that extends from Iraq to Turkey and its ports, measuring 1,200 kilometers inside Iraq, and aims to transport goods between Europe and the Gulf countries, especially Qatar and the UAE.

Uraloglu explained that the first phase of the FAO port built by Iraq in Basra governorate as part of the Development Road project will be operated next year.
“Starting from there, the railway and the 1,200-kilometer-long highway will enter Turkey via a new border gate in the Ufakoy area, which is 15-20 kilometers west of the Khabur crossing (with Iraq),” he said.

“This is a line that will extend from there to the provinces of Şanlıurfa, Gaziantep, Karman, Eskişehir and Istanbul to the Kapi Kol Gate with Bulgaria,” he added.

Uraloglu pointed out that Qatar and the United Arab Emirates participated in the project thanks to the intensive efforts of President Recep Tayyip Erdogan in this regard.
He pointed out that the ministries and institutions concerned with the project are currently studying the possibilities of financing the project.
Regarding the Zangazor corridor linking Azerbaijan to the Nakhjavan Autonomous Region and Turkey, Uraloglu said: “We have cooperation with Azerbaijan on the corridor, and I can say that the implementation of the project on the Azerbaijani side has been largely completed.”
As part of the ceasefire agreement that effectively ended a 44-day war between Azerbaijan and Armenia in the Karabakh region, Armenia agreed to open a land transport corridor between Azerbaijan and the Nakhjan Autonomous Region.
To date, Armenia has refrained from implementing the agreement, citing various arguments.

https://www.mawazin.net/Details.aspx?jimare=255088

ANALYSIS OF IRAQ NEWS: ' WE WILL DEAL WITH ANY AMERICAN PRESIDENT" BY TISHWASH, 19 SEPT

 Tishwash 

  Article "Al-Sudani announces the imminent end of the international coalition mission in Iraq: We will deal with any American president"  

Quote:  "We have started a frank dialogue with the international coalition and formed a bilateral committee to arrange the withdrawal of coalition forces, and to announce the end of the coalition forces' mission in Iraq soon...

indicating that the end of the international coalition's mission does not mean the end of the relationship between Iraq and the United States, but rather the opposite, we are engaged in Talks to build sustainable security relations and economic, cultural, social and scientific ties ...

We respect the choices of the American people in choosing their president and we will deal with any administration, stressing that Iran supports the political process and Iraq's efforts in combating terrorism. Al-Sudani concluded that Iraq is the only country in the region that has distinguished relations with Iran and the United States."

IRAQI DINAR REVALUATION LATEST UPDATES OF IRAQ BOOTS ON THE GROUNDS REPORT BY FIREFLY

Al-Alak confirms that transfers are subject to scrutiny, 19 SEPT

 Mawazine News – Economy

The Governor of the Central Bank of Iraq, Ali Al-Alak, announced on Wednesday that all remittances would be subject to audits, while pointing out that the decline in oil prices has nothing to do with the rise in exchange.

According to the official agency, Al-Alak said that “the Central Bank provides the dollar at the official price for all commercial and personal channels, travelers and for all types of operations that represent legitimate activities, operations and requests.”

He pointed out that “any price outside the country is a price that is only indicated for the existence of abnormal operations that try to get out of the official and legal system and the correct fundamentalist channels,” stressing the need to “focus on the amount of sale made by the central bank at the official price and the demanders of the dollar, whether they are traders, importers, individuals or travelers. ”

He pointed out that “ways have been put in place for each channel that ensures the provision of dollar on the one hand and a very large amount of control to verify the integrity of previous operations before their implementation,” pointing out that “this is a major shift in external transfers, as they were previously being scrutinized at a later stage, and today all transfers are not carried out and are not carried out until after they undergo the audit process.”

He pointed out that “the decline in the price of oil has nothing to do with the rise in the exchange rate because Iraq has reserves for foreign currencies, which enables it to defend the exchange rate.”

https://www.mawazin.net/Details.aspx?jimare=255061

LATEST FROM MAKRZ, 19 SEPT

 MarkZ  

 [via PDK]   Question:  …about a month ago you talked about how your contacts said your Dinar estimate was “way too low.” You were at like $3.70…so are we talking about $5? $7? $10?

  MarkZ:   All they are telling me is my estimates are way too low.

MarkZ  

 [via PDK]   I ...heard they [rates on bank screens] are changing and fluctuating. I am hoping this means they are priming the system again. My banking contacts say they are seeing many different rates…rates are rolling all over the place…Hopefully they are checking the system and priming the system….

Member: Is Zim still supposed to be in the first basket?

MZ: That is what I believe and what I hear from my best contacts…

Member: According to Militiaman the HCL is finished.

Member: Who gives Iraq permission to go???

MZ: At this point I believe it’s a compilation of the IMF, World Bank and the UN …but it is very confusing. The president of Iraq says it's up to the CBI now….But , if it’s up to the CBI I am thinking they would already have released it. 

Member: Mark- Do you believe the new lower denoinations have already been printed in Iraq?

MZ: Yes I do…We have seen the contracts years ago and the paid receipts from the government of Iraq with DeLaRue to print them…... Many contacts in Iraq have seen the cut sheets (samples of LD’s) in banks.

https://dinarevaluation.blogspot.com/2024/09/q-with-markz-18-sept.html

STEPS IRAQ NEEDS FOR DINAR REINSTATEMENT

DINAR REVALUATION REPORT: Steps Iraq Needs for Dinar Reinstatement, 18 SEPT

 Steps Iraq Needs for Dinar Reinstatement

Iraq's aspirations to reinstate the Iraqi Dinar to its former rate of $3.22 against the US dollar requires a series of strategic monetary and economic reforms. 1

Monetary Reforms

Enhancing Monetary Policy

Iraq must implement robust monetary policies to stabilize its economy and control inflation. 2 This includes adjusting interest rates and conducting open market operations to influence the money supply and stabilize the Dinar's value.

Currency Reforms

Iraq should consider currency reforms, such as redenomination or deleting zeros from the currency, to simplify transactions and reduce the volume of cash in circulation. 5

Economic Diversification

Decreasing Oil Dependency

Iraq needs to reduce its heavy reliance on oil revenues by diversifying its economy. 4This involves developing other sectors like agriculture, manufacturing, and services to create a more balanced economic structure.

Improving Trade Balance

Enhancing exports and reducing unnecessary imports can support a stronger Dinar by improving the country's trade balance. 4

Internal Stability

Inflation Monitoring

Maintaining internal stability involves monitoring and managing inflation rates to ensure that the Dinar's purchasing power is not eroded. 4

Political Stability

Political stability is crucial for economic confidence and foreign investment. 6 A stable government can implement and enforce necessary reforms.

International Relations

IMF and World Bank Support

Cooperation with international financial institutions like the IMF and World Bank can provide technical assistance and financial support for economic reforms. 1

Foreign Investment

Iraq should attract foreign investment by improving its business environment, offering incentives, and ensuring the rule of law. 3

Strengthening Trade Ties

Developing stronger trade relationships with other countries can enhance Iraq's economic stability and Dinar's value. 4

Conclusion

Reinstating the Iraqi Dinar to its historical rate of $3.22 is a complex endeavor that necessitates comprehensive reforms in monetary policy, economic diversification, internal stability, and international relations. Iraq must balance these factors to create a conducive environment for the Dinar's value to strengthen.