Monday, April 29, 2024
North Oil Company revives an oil well at Batma field in Nineveh, 30 APRIL
North Oil Company revives an oil well at Batma field in Nineveh
Shafaq News/ On Monday, a source at the North Oil Company revealed that technical and engineering teams have successfully revived an oil well in the "Batma" oil field in Nineveh governorate, northern Iraq.
The well had previously ceased production due to pump failure, resulting in a halt in operations. Before the failure, the well had yielded approximately one thousand barrels per day.
The teams are now focused on increasing the field's production to reach 10,000 barrels per day.
The source told Shafaq News Agency that "Nineveh Oil Fields Administration and Materials Authority, following the guidance of North Oil Company's General Manager, Barkan Hassan Abdullah, started rehabilitating the Batma Well No. 3 by extracting 107 pieces of production tubing and the Electric Submersible Pump (ESP) from the well. Additionally, the electrical cable for the pump was retrieved."
Furthermore, the source pointed out that an engineering and technical team has commenced the development of a comprehensive plan that aims to enhance the capabilities of oil fields across Nineveh Governorate, ultimately leading to increased production.
"RV UPDATE" BY MARKZ, 30 APRIL
MarkZ
[via PDK] Comment: This week sure feels promising to me. MarkZ: I agree – it does feel promising. I am expecting a lot of key information to come out this week.
In Iraq “Iraq’s Federal Board of Supreme Audit exposes US $600 million corruption scandal involving “ghost travelers” Iraq allowed people to get US cash when they said they were going to travel abroad. People were getting cash and were not traveling at all…and the money went to the parallel markets…. The US claims this is “corruption” This is more proof positive they need to change that dinar rate as soon as possible.
There is some anticipation from one of my redemption center contacts who is expecting to work this weekend…. I take that as positive...
...a little more news out of Vietnam...they continue to crackdown on corruption: “Vietnam jails soft drink tycoon for eight years in $40M fraud case” ...I am leaning toward they are cleaning the system to change the value of the VND.
https://dinarevaluation.blogspot.com/2024/04/rv-update-by-markz-29-april.html
Expert attributes drop of USD exchange rate to improved economy, 30 APRIL
Expert attributes drop of USD exchange rate to improved economy
Shafaq New/ The Iraqi dinar has gained ground against the U.S. dollar in recent days, with exchange rates falling to 1400 dinars per dollar, Jabbar Koran, the official spokesperson for the Sulaimaniyah currency market, said.
Koran attributed the dinar's strength to a combination of factors, including the positive impact of Iraqi Prime Minister Mohammed Shia al-Sudani's recent visit to Washington, the increased use of smart cards for dollar withdrawals, and the growing trade between Iraq and Turkiye, which is now conducted in both Iraqi dinars and Turkish liras.
"Al-Sudani's visit to Washington has led to increased U.S. support for the Iraqi economy and optimism among American parties regarding Iraq's infrastructure and banking reforms," Koran told Shafaq News Agency. "This has boosted confidence in the Iraqi economy and reduced demand for dollars."
Koran also highlighted the growing use of smart cards, which allow account holders to withdraw dollars from abroad. This, he explained, has reduced the need for individuals to purchase dollars locally, further contributing to the dinar's appreciation.
The recent agreement between Iraq and Turkiye to conduct bilateral trade in their respective currencies has also played a role in strengthening the dinar. "With an annual trade volume between the two countries ranging from 20 to 24 billion dollars, this shift away from dollar-denominated transactions has decreased the demand for U.S. currency in Iraq."
"The Iraqi central bank has been encouraging the use of alternative currencies in international transactions," he said. "A recent agreement with Saudi Arabia, for instance, allows for future trade to be settled in the respective national currencies of both countries."
"In the past, citizens would convert a portion of their salaries into dollars to cover housing loans, car payments, or other outstanding obligations," Koran explained. "However, with the increasing availability of alternative payment methods and the promotion of the dinar, people are no longer as reliant on the dollar."
While Koran expects the dollar to stabilize around 1400 dinars in the near term, he acknowledged the possibility of further appreciation, potentially reaching 1420 dinars per dollar. The central bank, he noted, has achieved its target for the exchange rate, but market dynamics could lead to further gains for the dinar.
"RV UPDATE" BY MILITIAMAN, 30 APRIL
Militia Man
Article: "We will see the dollar decline in the black market soon...the central bank's credit rating [from the World Bank] is an A++ and exceeded the United Arab Emirates..." That's the prime minister's advisor talking...That's phenomenal. It's big. It says a lot. It says they have trust. It says Iraq has the ability to pay back their bills.
Article quote: "...anticipating the impact of the central bank agreement with the US Treasury on exchange rates...it is hoped the Central Bank of Iraq will announce the measures that were agreed upon in Washington which could have positive impact on the exchange rate..." The key focus is they're talking about the exchange rate, positive impacts, the US Treasury on exchange rates. That is fascinating.
There's clear signals the dinar and dollar relationship are going to be different in the future. They state specifically the dinar will be better. It's going to be stronger than the dollar, al-Sudani said it. It's going to be better because of what? Because of all these actions they're talking about now...It's huge.
https://dinarevaluation.blogspot.com/2024/04/rv-update-by-militiaman-29-april.html
Bin Salman, al-Sudani discuss Gaza, bilateral ties in Riyadh meeting, 29 APRIL
Bin Salman, al-Sudani discuss Gaza, bilateral ties in Riyadh meeting
Shafaq News/ Iraq's Prime Minister Mohammed Shia have met with Saudi Crown Prince Mohammed bin Salman on Sunday in Riyadh for talks on bilateral ties and cooperation prospects between their respective countries, a press release by the former's media office said on Sunday.
The press release said the two leaders "pledged to strengthen ties between the two countries and reviewed the progress made in cooperation through the Iraq-Saudi Coordination Council."
Al-Sudani expressed Iraq's desire for broader economic cooperation with Saudi Arabia, which "would contribute to economic growth and create new opportunities in various sectors, benefiting both countries and their people."
Crown Prince Mohammed bin Salman welcomed the Iraqi Prime Minister and thanked him for attending the World Economic Forum, reiterating Saudi Arabia's commitment to fostering the "best possible relations" with Iraq and enhancing cooperation between the two neighboring countries.
"The meeting also addressed the situation in Gaza and the suffering of the Palestinian people at the hands of the Israeli occupation forces," the readout said. "The two leaders stressed the need for urgent efforts to end the conflict and its negative repercussions on regional and international stability."
"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 29 APRIL
Frank26
[Iraq boots-on-the-ground report]
FIREFLY: We have Saleh the finance advisor to Sudani on television, Iraqi Channel One right now and he's saying that today the 2024 budget it's in full force. He also says it's active and there's no need to send this budget to parliament for any approval. We are very confused. We thought it was being amended...Now saying no need to send.
FRANK: The budget does not need parliament. I keep telling you this over and over over. The budget waits for the new exchange rate. The exchange rate is not waiting for anyone or anything especially stupid parliament.
FIREFLY: The CBI comes out, they're talking about our banks and how much they have achieved and what they're going to be doing for us. They're saying they are waiting to reveal what the USA Treasury has set for the positive results for our new exchange rate. They are talking about the new exchange rate that's coming and they're saying it's a very positive impact that is coming.
FRANK: Yeah you think!! The beauty of this is this information is coming out so fast there's no way in the world that the articles can keep up with it.
FIREFLY: The new shipping cards [MasterCard], banks are giving this to all of us Iraqi citizens. It's for buying fuel and for merchandising and stores and online shopping. This is all on the television...obviously they're setting us up to give us a new exchange rate...
FRANK: Those that I told you to pay attention to are telling you, due to the trip to Washington DC your national currency, your dinar, will return to its price. It will be reinstated back to what it was...
FIREFLY: TV says the Iraqi banks now have an advanced Swift system for high cash profit handling.
Master of soft diplomacy: how President Barzani showed Baghdad the problem.. and the solution, 29 APRIL
Master of soft diplomacy: how President Barzani showed Baghdad the problem.. and the solution
Shafaq News/ Kurdish President Nechirvan Barzani's recent trip to Baghdad wasn't just about exchanging information or engaging in public political spats – often unproductive tactics. In fact, in this endeavor, the president of the Kurdistan Region showcased his skills as a master of soft diplomacy.
Barzani's presence in the Iraqi capital channeled a bold commitment to open dialogue. This "established approach," evidenced by his previous visits and regional engagements, prioritizes "direct communication" to address pressing issues frankly. It's a strategy grounded in Barzani's own powerful statement, delivered in May 2023: "Baghdad is the strategic depth of the Kurdistan Region," and the Kurdistan Region's well-being is "intrinsically linked to Iraq's stability."
This understanding was reflected in the importance of Barzani's meetings in Baghdad, particularly with Prime Minister Mohammed Shia al-Sudani, who included representatives from the Kurdistan Region in his recent meetings with US President Joe Biden and Turkish President Recep Tayyip Erdogan. Barzani saw this move as a sign of goodwill on the Premier's behalf to tackle outstanding issues with the Regional Government, including oil exports to Turkiye, salary disputes, and shared security concerns.
In a meeting with Hadi al-Amiri, the leader of the Badr organization acknowledged the importance of Barzani's visit in strengthening ties between the Kurdistan Region and the federal government. He expressed optimism about the progress being made and praised Barzani's crucial role in setting a date for the Kurdistan Region's parliamentary elections – a complex decision that requires consensus among various parties.
The Presidency of the Kurdistan Region's statements confirmed Barzani's unwavering focus on dialogue and understanding during his meetings. He reiterated the Kurdistan Region's willingness to address problems with the federal government "based on the constitution." He emphasized the fundamental connection between regional security and stability and those of Iraq as a whole.
Barzani's meeting with Faiq Zaidan, the Head of the Supreme Judicial Council, took on particular significance in light of recent Supreme Court decisions regarding minority quotas in the Kurdistan Region's elections. These decisions, considered by many in the Region as a blow to electoral credibility and marginalization, led the Kurdistan Democratic Party to boycott the polls.
Despite these tensions, the president's media office said in a statement that Barzani's priorities are "enhancing cooperation and coordination between the judiciaries of Iraq and the Kurdistan Region" but also said disputes should be "resolved on the basis of the constitution" in a bid to maintain "peace and political stability in the country."
Barzani even overlooked the controversial rulings of the Federal Court and thanked Zaidan for his efforts in tackling national issues and discussing the importance of judicial independence and protecting the rights of all Iraqi citizens.
Even though Prime Minister al-Sudani and President Barzani participated in the meeting of the State Administration alliance, they met separately to discuss issues related to public services and living conditions for Iraqi citizens. Both leaders emphasized the importance of "continuing constructive dialogues on common issues" and collaborating to strengthen the Baghdad-Erbil relationship. Al-Sudani acknowledged Barzani's earlier well wishes for his US visit, and Barzani described the visit as a positive step towards resolving outstanding issues.
Dilshad Shahab, the spokesperson for the Kurdistan Region Presidency, emphasized their commitment to ongoing communication with all parties and the "Presidency's consultative approach," particularly regarding the upcoming Kurdistan Parliament elections.
Barzani's intensive meetings, according to Shahab, included discussions of key topics, including the Kurdistan Region's financial dues, parliamentary elections, regional security concerns – particularly the attack on the Khor Mor gas field – and the importance of implementing the agreement that led to al-Sudani's government formation.
Shahab revealed a shared vision for "inclusive elections" in the Kurdistan Region and the Presidency's intention to convene a meeting with "all regional political parties to reach a common agreement."
Addressing bilateral issues was also central to Barzani's meeting with President Abdul Latif Rashid. Barzani reiterated the Kurdistan Region's commitment to resolving differences with Baghdad, including public services and citizen well-being. He emphasized the Kurdish government's desire for "transparent and just solutions that strengthen national security and stability."
Barzani's commitment to Iraq's stability extended beyond the Kurdistan Region's immediate concerns. Following the principle of strategic depth, he expressed concern about developments related to Iraq's political, security, and economic crises, including the unresolved speakership of the Iraqi parliament. During his meeting with Acting Speaker Mohsen al-Mandalawi, Barzani stressed the importance of supporting the federal government and "fostering dialogue between the national forces."
Barzani emphasized the need to move forward with electing a new parliamentary speaker during his meeting with Muthanna al-Samarrai, head of the al-Azm Alliance. He called this a "significant and essential step" towards enhancing national political stability.
Barzani also met with Mohammad al-Halbousi, the recently removed parliament speaker. Their discussions covered the evolving political situation, efforts to appoint a new speaker, and Erbil-Baghdad relations.
President Barzani's recent Baghdad visit wasn't his first trip to the Iraqi capital this year. He met with President Rashid and Prime Minister al-Sudani on April 6th, just before his US visit. He participated in meetings with the State Administration and the Coordination Framework, keeping the Kurdistan Region's concerns and interests at the forefront.
These discussions addressed solutions for Erbil-Baghdad issues, the overall political climate in Iraq, and the Kurdistan Region specifically.
While praising the "very good" agreement reached with al-Sudani regarding Kurdistan's employees' salaries, Barzani acknowledged the outstanding issue of oil exports. He emphasized the need for further discussions, particularly given the significant financial losses ($7 billion) incurred by the Iraqi budget due to the export suspension. Barzani even proposed establishing a mechanism for ongoing meetings "to discuss current problems and find solutions for them."
In January, he participated in the Iraqi Martyrs' Day ceremony in Baghdad and held meetings with various political parties. This visit coincided with drone attacks targeting the Harir base near Erbil.
Barzani, underlining the importance of regional cooperation, stated, "We live on this geography, so it is natural for us to visit Baghdad and discuss the existing problems and try to solve them."
"QFS CONVERSATIONS" WITH GOLDILOCKS, 29 APRIL
GOLDILOCKS
European Union member states are gearing up to enforce MiCA, the landmark crypto law that requires national regulators to license and supervise service providers.
MiCA is an EU-level regulation but nations can implement slightly different technical standards, which crypto firms should follow closely, policy watchers say.
https://www.coindesk.com/policy/2024/04/29/heres-how-eu-nations-are-preparing-to-enforce-mica/
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International Trade Announcement:
"The International Chamber of Commerce’s Digital Standards Initiative (DSI) has completed the mammoth task of attempting to find common digital data standards for a raft of widely used trade documents."
The Digital Standards Initiative (DSI) is the International Governance Board that is currently setting standards for international trading relationships around the world.
They are telling us they have completed this all encompassing set of Global Standards. This will be applied to their new digital bills of lading that will determine new price correlations on cargo ships moving products around the world.
These new price correlations will be tokenized assets that hold a weight of gold in their determining price for movement.
Credit Valuation Adjustments are now becoming possible in 80% of our trades around the world that determines, through supply and demand, new exchange rates that will be forthcoming.
WATCH THE WATER.
© Goldilocks
https://www.gtreview.com/news/fintech/hopes-for-interoperability-as-dsi-finalises-digital-trade-document-standards/
https://www.investopedia.com/terms/b/billoflading.asp#:~:text=A%20bill%20of%20lading%20is,a%20carrier%20and%20a%20shipper.
https://go.packagex.io/bol-api/?utm_matchtype=e&utm_network=g&utm_term=digital%20bill%20of%20lading&utm_campaign=7A-BOL&utm_source=google&utm_medium=cpc&utm_content=m&hsa_acc=5049113484&hsa_cam=20999895285&hsa_grp=162376428687&hsa_ad=690344181737&hsa_src=g&hsa_tgt=kwd-365705580169&hsa_kw=digital%20bill%20of%20lading&hsa_mt=e&hsa_net=adwords&hsa_ver=3&gad_source=1&gclid=Cj0KCQjwir2xBhC_ARIsAMTXk84bC0i8wMVyGPlZWEBR4LV35KIGTCenl6ZI8KLxmx-B0gHwse2h7H0aAujbEALw_wcB
The Sudanese receives Negervan Barzani, 29 APRIL
The Sudanese receives Negervan Barzani
Prime Minister Mohammed Shiaa Al-Sudani received, today, Monday, the President of the Kurdistan Region, Nechirvan Barzani, in Baghdad.
On Saturday, Barzani began a visit to Baghdad, during which he met with senior state officials and heads of parties and prominent political figures, to discuss several files of the Kurdistan region, Iraq and the region.
Barzani’s visit to Baghdad is his second during the month of April, after the first one that took place on the fifth of this month.
The spokesman for the presidency of the region, Dhad Chehab, announced that Barzani’s meetings in Baghdad continue today,” noting that his talks focus on “solving the issues of salaries and elections.”
https://alforatnews.iq/news/السوداني-يستقبل-نيجيرفان-بارزاني
COFFEE WITH MARKZ, (ENGLISH & SPANISH), 29 APRIL
Monday Morning Talk “Coffee with MarkZ” 04/29/2024
Member: Good morning everyone. …Welcome to a new week of Great Expectations!!!
Member: Happy Monday.
Member: What happened to the show on Saturday? Am I only on you tube?
Member: Power outage in Puerto Rico
MZ: And so far this morning we are watching the collapse of the Japanese yen... Things are getting interesting.
MZ: There's a lot of talk on the bond side from people whose appointments were postponed last week. They have high expectations of receiving their final contracts and 1% paid this week. I'm excited to see what happens next with the bonuses.
MZ: Iraqi sources to this day remain very calm. It will be today or later tomorrow when you will receive updates from the banking and refund side.
Member: Mark, are all other countries as prepared as Iraq?
MZ: “Vietnamese parliament head resigns amid crackdown on corruption” This is what we're watching as Vietnam prepares. As I understand it, this is a key for NESARA/Gesara.
Member: I wish that would happen in the United States. We need a major cleanup of corruption in all areas of government.
Member: What's up with the Brazil banking rumors!!!!!!!!!!!!?????????
Member: Brazil will supposedly announce a “new” banking system on May 2 to its country. Could that be the QFS?
MZ: There are many rumors. We just have to see what goes well.
Member: Many seem very positive for this week?
Member: Nader says rumor that today they can delete the zeros
Member: The militiaman is almost dizzy from our situation.
Member: I wonder what Iraq is waiting for to publish its rate?
MZZ: “The National Bank of Iraq powers digital transformation with the “Temenos” central banking system.” This will help them pursue corruption and illegal dollars.
Member: I had heard that the dinar would cost 3.90 to 1 US... wouldn't that be great?
MZ: We've heard that rumor... it's within the range of possibilities; There is no way to confirm it until we are at the banks.
Member: I would be happy with $3.90, but I hope it goes for more
Member: Is there another reason we could go on May 9, besides Iraq's meeting with the WTO?
Member: If Iraq becomes a full member of the WTO on the 9th, do I think the new rate would apply before that?
Member: Mark, in your opinion, does Iraq have to publicly reveal its new exchange rate before it joins the WTO?
Member: Iraq just got back from the big Saudi Arabia meeting. South Africa is in the BRICS... Maybe Iraq will soon join the BRICS too?
Member: Venezuela just joined the BRICS….. keep your bolivars
Member: It seems like BRICS is the future... I wish we could all join it.
Member: Iraq is installing fingerprint locks on all cargo containers with GPS and photo capabilities
Member: Rumor: Iraq launched a new SWIFT system to handle large cash transfers over the weekend, correct?
MZ: I don't know if I would call it a “SWIFT” system... but yes... in a nutshell it is its own system... a modernized system. The “Temenos” central banking system.
MZ: “JP Morgan Chase and Bank of America suffer $4.3 billion in losses as bad debt soars.” These are credit cards that people stop paying, which is where most of it comes from... They're seeing more and more defaults.
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Charla del lunes por la mañana “Café con MarkZ” 29/04/2024
Before the vote… Washington moves its agendas to prevent the approval of the personal status law, 22 NOV
Before the vote… Washington moves its agendas to prevent the approval of the personal status law A member of the popular motion of the for...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...