"ONLY BECAUSE THE MONETARY REFORM LAID THE FOUNDATION OF IRAQ'S FUTURE!!!" BY FRANK26, 19 OCT

 KTFA

FRANK26: "ONLY BECAUSE THE MONETARY REFORM LAID THE FOUNDATION OF IRAQ'S FUTURE!!!"......F26 

Laying the foundation stone for the largest skyscraper in Baghdad

 

10/14/2024

 

Baghdad - WAA - Hassan Al-Fawaz 

The National Investment Commission announced, today, Sunday, the laying of the foundation stone for the largest skyscraper in Iraq within the Downtown Baghdad complex, a qualitative urban design complex in Baghdad, while the Baghdad Municipality indicated that it provided facilities under the government's program to grant approvals by the National Investment Commission and planning approvals and heights by the Baghdad Municipality.

Chairman of the National Investment Commission Haider Makiya told the Iraqi News Agency (INA): "The commission laid the foundation stone for the largest skyscraper in Baghdad within the Downtown Baghdad residential complex, a qualitative urban design."
He added, "The complex is part of the integrated urban design that meets the Iraqi citizen's need for green spaces, sustainable air conditioning, smart lighting and other requirements for a luxurious life for the citizen."
He continued, "The government is serious and supportive of all investors in this type of investment that aims to create a real environment for businesses and projects that the Iraqi citizen deserves to see on the ground."
For his part, the Mayor of Baghdad, Ammar Musa, stated that "the government supports the private sector," stressing that "the investment skyscraper project is being built on a plot of land owned by the private sector."
He added to the Iraqi News Agency (INA), that "the Baghdad Municipality provided facilities under the government's program to grant approvals from the National Investment Commission and planning and height approvals from the Baghdad Municipality."
He continued, "The Baghdad Municipality is proud to give approval for the first skyscraper in the heart of the capital, Baghdad, within the new Downtown complex of the city of Baghdad."
Musa pointed out that "Baghdad Municipality is proceeding with reconstruction projects on government lands and even private sector lands."  

The Managing Director of Marfaa Al-Khair Company, Ammar Hamid Al-Sudani, explained to the Iraqi News Agency (INA) that "the project consists of a height of 320 meters and a height of 80 floors, in the Baiji area according to technical specifications."
He added, "The project includes commercial and residential facilities, conference halls and a panorama," noting that "the company addressed the fear of heights in the design through designs that extended for a year and a half."
He stressed that "the pillars, mechanisms and materials used in the Iraq Tower are used for the first time from Iraq," explaining that "the material ggbfs was used in the construction of the new Central Bank of Iraq building."
Al-Sudani pointed out that "the sales centers are currently closed until the completion rate reaches 30%," stressing that "the government and Baghdad Municipality have provided great cooperation by overcoming obstacles and approving the decisions of the Supreme Committee to convert the type of land from agricultural to residential." 

LINK

RV UPDATE BY MILITIAMAN, 19 OCT

 Militia Man 

 Article quote: "The Minister of Finance and The US ambassador today discuss efforts to achieve economic reforms...

They strengthened bilateral relationships between the two United States and Iraq with a focus on economic cooperation."

  I like that part. 

"The meeting discussed the development road project that connects Iraq to Europe through Turkey and is one of the largest strategic and vital project making Iraq the link between Asia and Europe."  

That is unbelievable and it's given a finality to it.  I like it...

MELANIA HINDS: 💥IRAQI DINAR HOT SWEET SUMMARY💥 #iraqidinar #dinar #centralbankofiraq #g...

"ELECTRONIC PAYMENT SYSTEM REACHES OUT TO THE INTERNATIONAL WORLD!!!"....F26 BY FRANK26, 19 OCT

 KTFA 

FRANK26: "ELECTRONIC PAYMENT SYSTEM REACHES OUT TO THE INTERNATIONAL WORLD!!!"....F26

Al-Alaq: The Central Bank has taken steps to promote the use of electronic payment

10/14/2024

 

Baghdad
 

The Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, confirmed today, Monday, that the Central Bank has taken steps to enhance the use of electronic payment.

The bank's media office stated in a statement received by "Al-Eqtisad News" that "Al-Alaq received the Ambassador of the Federal Republic of Germany to Iraq, Christiane Homann, and during the meeting, they discussed banking relations, enhancing the financial inclusion plan in Iraq, and the importance of digital transformation, in addition to providing full support to Al-Riyada Bank for financing small projects,  which will launch its services soon."

He added, "During the meeting, the plan to reform the government and private banking sector was reviewed, with direct support from the Prime Minister, to achieve a stable, secure and efficient sector." 

Al-Alaq stressed, according to the statement, that "there is a great desire among citizens to use electronic cards, which enhances electronic payment in Iraq, as the Central Bank of Iraq has taken many steps in this direction in coordination with the relevant authorities."

He explained that "Riyada Bank will provide its services to an important segment of customers, as it aims to provide support to emerging small and medium enterprises, as it will be a bank different from other banks through its unconventional products that will contribute to creating job opportunities for various social groups in society, and open new horizons in a stable investment environment," noting that "there will be representative offices in most Iraqi banks to facilitate customers' access to it and benefit from its services."

For her part, the German Ambassador expressed her country's "readiness to provide advice and technical support for such important projects that support the common goal of diversifying the Iraqi economy." 

LINK

RV UPDATE BY CLARE, 19 OCT

 Clare 

 Article:  "Iraq Increases Reserves at IMF by 50%"  Quote:   "Iraqi Cabinet...approved an increase in Iraq's quota at the International Monetary Fund (IMF) by 831.9 million Special Drawing Rights (SDR),

 equivalent to 1.45 trillion Iraqi dinars [$1.1 billion] based on the exchange rate as of October 8, 2024. 

This 50-percet increase...will enhance the country's voting power within the IMF...

The IMF created SDRs as an international reserve asset to supplement member countries' official reserves...

They serve as a potential source of liquidity for IMF member nations."

EXCERPTS FROM MARKZ: " REDEMPTION CENTERS ARE WORKING THIS WEEKEND" @DINARREVALUATION

Parliamentary Economic Committee Expects To Vote On Economic Reform Law Soon, 18 OCT

 Parliamentary Economic Committee Expects To Vote On Economic Reform Law Soon

Buratha News Agency1392024-10-17  The Parliamentary Committee on Economy, Industry and Trade expected the vote on the economic reform law to be held in the coming few days, as the committee’s deputy chairman, Yasser Al-Husseini, stated that “the law reached the House of Representatives in general and the Economy Committee in particular months ago, and it includes all laws that include the economic aspect,” according to the official Al-Sabah newspaper.

He added, "The committee held many workshops at all levels, whether for businessmen or industrial and economic experts," stressing that "the committee is proceeding with reading this law and working to vote on it during the next stage in cooperation with other specialized committees."

Al-Hussaini explained that "there are comments, whether from the representatives or from the experts, and they will be included in a paper prepared alongside the law," noting that "the committee is determined to vote on it with the available capabilities because it sees it as important in this law, which can bring about major reform in the economic reality of the country."

He also stressed the "importance of the Industrial Investment Law for the public and private sectors, to accurately diagnose this partnership," indicating that "the contracts concluded in accordance with this law will be beneficial and profitable for both parties, unlike some contracts whose negatives outweigh their positives in the industrial sector, and which oblige the state to long-term, impossible conditions."

He added that "the committee is proceeding with voting on the industrial investment law, which is no less important than other laws, despite some objections that have prevented voting on it so far," stressing that "the final stage of voting has been reached after consensus was reached between the political blocs objecting to its wording."   https://burathanews.com/arabic/economic/451753