TNT:
Tishwash: urgent Source: Big changes will soon affect government bank administrations
An informed source revealed that “big changes” will affect the administrations of government banks.
The source told {Euphrates News} that “big changes will affect the departments of government banks soon, in light of the government’s respite for a period of 3 months that was given to them to evaluate the performance and tasks of the departments and the achievements that have been implemented within the framework of the government program that represents the future vision of the government.”
Last Monday, the Prime Minister, Muhammad Shia’a al-Sudani, dismissed the governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, from his post, due to the continued rise in the dollar exchange rate and the bank’s inability to curb it.
Al-Sudani assigned former bank governor Ali Mohsen Al-Alaq to run the bank by proxy.
The Prime Minister also referred the Director of the Trade Bank of Iraq to retirement and assigned Rabal al-Hamdani to manage the Trade Bank of Iraq in addition to his duties. Link
Booyah: If dinar goes alone, not knowing when the other currencies will RV means this isn’t over to enact all our projects and plans, although at the contract rate it will still be an incredible blessing for many of us.
RVAlready: It allows the delivery system to be tested, so banks and treasury know what to expect later. Even with one currency, we have to negotiate for the contract rate, the exchange fees, and the interest rates on any bank investments. It will be a process.
Rock1941: are we now saying “all” currencies will not rv together??
RVAlready: I believe Iraq got special dispensation to go before the others.
RVAlready: Iraq by next week, the rest after the Ukraine war…Maybe Iraq by this Friday?
JudyblueEyes: The dinar will go alone it is speculated and later in who knows when the rest of the cards will be revealed. Getting ready for Mr. Drysdale.
Red: The protesters — mainly young people — rallied amid a heavy security presence, with many carrying the Iraqi flag and banners with slogans. One slogan read: “The politicians are the ones covering up the financial corruption for the banks.” Iraq’s Prime Minister Mohammed Shia al-Sudani on Monday accepted the resignation of the governor of the country’s Central Bank,
RVAlready: Yes, I think Sudani has had enough of everyone standing in the way of the RI/RV/RC etc
RVAlready: Ok, everything I said tonight was IMO. Everyone have a good time, and good luck exchanging! Hopefully, the banks will be good to us. But remember, they are in business to maximize their profits. Negotiate carefully.
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Tishwash: With this value .. “Reuters”: Qatar is moving to acquire the projects of a French company in Iraq
One of the sources said that Qatar Energy is looking to acquire a stake of about 30% in the project. Energy companies rarely own 100% of projects and prefer to enter into partnerships to reduce risks.
Oil companies are seeking to leave Iraq as a result of the weak return from revenue-sharing agreements.
When Total Energy and Baghdad signed an agreement in 2021 to build four mega projects for solar energy, gas, electricity and water in southern Iraq over a period of 25 years, hopes were high that companies would refrain from leaving the country.
Exxon Mobil, Shell and BP have sought to reduce their operations in Iraq over the past few years.
But the project, which aims to boost Iraq’s economy and reduce its dependence on Iranian gas, has yet to get off the ground.
The Total Energies deal with Iraq, which requires initial investments of $10 billion, followed a visit from French President Emmanuel Macron in September 2021.
Sources close to the deal told Reuters in February 2022 that the terms of the agreement, which have not yet been announced or previously published, raised concerns among Iraqi politicians and were unprecedented for Iraq.
The deal includes the construction of a network to collect natural gas to supply local power plants through the expansion of the Ratawi field, the construction of a large-scale seawater treatment facility to boost production from other fields with water injection technology, and the establishment of a large solar power plant in Basra, but there has been little progress since then. .
Sources told Reuters last year that disagreements over the terms of the agreement threatened the project with cancellation.
Qatar Energy and Qatar’s government communication office did not immediately respond to a request for comment on the talks.
Nor did Total Energies confirm the deal when contacted by Reuters.
A senior official in the Iraqi Oil Ministry said he was not aware of Qatar Energy’s plans to acquire a stake in the Total Energy project.
A spokesman for the Elysee Palace said that the Iraqi Prime Minister, Muhammad Shia Al-Sudani, will travel to Paris later today, Thursday, and meet with Macron.
One of the sources told Reuters that Al-Sudani will also meet with Total Energies CEO Patrick Pouyanne in an attempt to end the crisis.
Two of the sources said that “Qatar Energy” and “Total Energies” are in talks about a stake in the project, and that there is great confidence that the deal will take place, although no final agreement has been reached yet. link
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CandyKisses: West Asian Federation grants Iraq the right to host the U-23 Olympic team tournament
The West Asian Football Federation (WAFF) grants Iraq the right to host the U-23 Olympic Teams Championship in June, and congratulates the Iraqi Football Association’s success in hosting the Gulf 25 Championship in Basra.
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Tishwah: Foreign Ministry: Al-Sudani’s visit to France includes the recovery of smuggled money
Today, Thursday, the Ministry of Foreign Affairs clarified the objectives of the visit of Prime Minister Mohamed Shia Al-Sudani, who is heading a government delegation to the French capital, Paris, according to the Iraqi News Agency.
The Foreign Ministry spokesman, Ahmed Al-Sahhaf, said, “The visit to Paris comes within the context of strengthening partnership, building on economic and investment opportunities, exchanging support in the areas of combating terrorism and extremism, and coordinating at the bilateral and multilateral levels to support Iraq in various international nominations, with the aim of enabling the restoration of the Iraqi role and realizing initiatives.” It enhances balance and stability, in addition to enhancing joint work in the educational, cultural and banking sectors.
Al-Sahhaf added, “The visit also comes due to the continued international political support for Iraq by the French government, and the use of this distinguished relationship at the European level in the file of combating terrorism and extremist ideas, recovering smuggled funds, handing over wanted persons, and technical assistance in the file of returning the displaced.”
He pointed out, “Seeking to mobilize greater participation of French companies in the reconstruction programs in a more effective manner, in reconstruction programs exclusively within predetermined projects, and trying to obtain political support to initiate the idea of strengthening cooperation in banking matters.”
He referred to “an attempt to obtain political support to urge the French aviation authority to complete the project within the plan to restore the direct air route Baghdad – Paris, and to lift the ban on Iraqi airlines, in addition to obtaining support for cooperation in the areas of combating corruption and recovering frozen funds and those wanted by the Iraqi judiciary and cooperation in The field of recovering smuggled antiquities, as well as cooperation with the French side in the field of preserving Iraqi property on French territory.
And he continued, “Foreign policy is moving towards devoting economic diplomacy and diversifying investment gates to Iraq, by relying on the highest levels of attraction and facilitation for the work of international companies and investors,” explaining that “the visit of Prime Minister Muhammad Shia al-Sudani to Paris to confirm this.”
