Twenty hours of electricity preparation.. Smart meters to be installed in Anbar, 7 OCT

 Alaa Samir Al-Rashed, Director General of Central Electricity, made the announcement on Sunday that smart meters with a 20-hour supply will soon be installed in the city of Fallujah.

According to Al-Rashed, “the Ministry of Electricity has prepared a plan according to which smart meters will be installed for citizens’ homes in Anbar by a specialized company authorized by the ministry, with an increase in the governorate’s share of electricity to reach 20 hours of supply per day.” Al-Rashed also stated that the plan would be implemented in Anbar.

“The Ministry of Electricity will carry out, within the next few days, a project to install smart meters for four residential neighborhoods in Fallujah as a first phase, and then the project will be generalized in all neighborhoods of the city,” he added. “The Ministry of Electricity will carry out, within the next few days.”

“Installing smart meters will reduce electricity waste and contribute to reducing the collection of electricity bills for citizens by installing these meters on mobile devices to know electricity consumption and notify citizens of the number of hours of operation and outage without the need to visit the Electricity Department,” he explained.

He emphasized that “the Ministry of Electricity has ordered the cancellation of old meters in the city of Fallujah and replacing them with free smart meters for citizens in an experiment that is the first of its kind in Anbar” and that “the Ministry of Electricity will begin preparing four residential neighborhoods and meeting all their needs before installing smart meters.”

RV UPDATE BY PIMPY, 7 OCT

 Pimpy 

 Article: "The International Coalition officially announces the end of its mission in Iraq within 12 months" 

 It must be that time of the year...Every year they say the same thing, within 12 months.

 There's a lot of reforms taking place and a lot of great changes happening in Iraq...

Just hang tight.  Just wait for them to change...

INTEL FROM MR.SAMMY BANK: A REAL INTERNATIONAL RATE FOR IQD IS $4.00 @DI...

Iraqi PM courts US Investment in Oil, 7 OCT

 In order to develop Iraq’s oil and gas resources, the Iraqi Prime Minister has indicated that he is willing to collaborate with American businesses.

Mohammed Shia al-Sudani promised to rectify the situation in an interview with Al Monitor. He acknowledged that some US companies had stated that the terms of potential contracts were not favorable.

Full report here.

RV UPDATE BY MNT GOAT, 7 OCT

 Mnt Goat  

 I was also told to watch for yet more articles in the news about the project to delete the zeros but to be aware that ONLY the ones coming from her committee on this subject matter can be trusted. 

As you know my contact works on the committee from the Central Bank and it has been given the task of ensuring a smooth process. I was also told

that in late November or early December we will see the newer lower denominations and their pictures and features depicted on the CBI site. 

The ending of the currency auctions at the end of 2024 will also be signal to us that everything is moving correctly and we should see the IQD returned or reinstated back to FOREX in early 2025.

MARKZ & WOLVERINE: CONTRACTS ARE GETTING TO GET PAID & BOND SIDE IS UNDE...

Financial expert explains the reason for the rise in the dollar price in the parallel market : 132 IQD= $100 USD , 6 OCT

 On Sunday, a member of the Central Bank’s Board of Directors, Ahmed Brihi, explained the real reason for the rise in the dollar exchange rate in the parallel market. He said that the Central Bank still uses the rate of 132 dinars for every 100 US dollars and that the Iraqi dinar is stable. 

Brihi stated, “The Central Bank’s measures have nothing to do with the rise in the dollar exchange rate in the local market because the bank still adopts the exchange rate of 132 dinars for the 100 US dollars denomination.” 

“The reason behind the rise in the exchange rate in the parallel market is due to the rise in demand for the dollar, especially by small traders who do not deal with the Central Bank, such as those who deal with essential goods imported at their own expense from abroad, because they believe that security events will worsen and that the need for demand for goods will increase so that they can achieve higher profits,” he added. 

“The reason behind the rise in the exchange rate in the parallel market is due to the rise in demand for the dollar.” It is interesting to note that buying prices increased in exchange shops in Baghdad’s local markets, with the selling price reaching 154,750 Iraqi dinars for one dollar and the buying price reaching 152,750 dinars for one dollar.