NEARLY TEN BILLION DOLLARS IN IRAQI OIL REVENUES LAST MONTH
The Iraqi Ministry of Oil announced, on Wednesday, the preliminary statistics of the quantities of crude oil exported and the revenues achieved for the month of last October.
The Ministry stated in a statement received by Shafaq News Agency that, according to preliminary statistics issued by the Iraqi Oil Marketing Company “SOMO”, the total amount of crude oil exports reached 109 million and 545 thousand and 589 barrels, with revenues amounting to 9.669 billion dollars.
It showed that the total quantities exported from the oil fields in central and southern Iraq amounted to 108 million and 50 thousand and 360 barrels, while the quantities exported to Jordan amounted to 464 thousand and 728 barrels, while exports from the Qayyarah field in Nineveh were 1 million and 30 thousand and 501 barrels.
The ministry explained that the average daily quantities exported amounted to three million and 533 thousand barrels per day, with an average price per barrel of $88.26.
(Yes, and still the dinar is at 1/6 of a penny. How outrageous is this that they still continue to manipulate the dollar in Iraq. We will see what happens in January when the CBI has reported they plan to cut off all dollars for imports. The dollars will dry up. So get ready Iraq…)
Lavrov-Al-Sabah Talks: A Crucial Interplay Amidst Middle Eastern Conflicts, 3 NOV
Unveiling the curtain, it is reported that Russian Foreign Minister Sergey Lavrovand Kuwait’s Foreign Minister Sheikh Salem Abdullah Al-Jaber Al-Sabah have engaged in significant talks in Moscow. With the details yet to see the light of the day, the meeting marks a crucial juncture amidst the swirling geopolitical currents in the region.
Interpreting the Diplomatic Silence
The hush surrounding the Lavrov-Al-Sabah meeting comes amidst a tempestuous Middle Eastern scenario, grappling with the Israeli-Palestinian conflict and the crisis in Ukraine. Both ministers are anticipated to have delved into these pressing issues, probing potential corridors for cooperation and resolution. The sealed lips on the details hint towards sensitive matters being addressed, possibly culminating in agreements or understandings.
A Dive into the Probable Agenda
The Israeli-Palestinian conflict, with Russia’s active mediation efforts and Kuwait’s staunch support for the Palestinian cause, might have dominated the discussions. In the light of Russia’s call for halting violence and reviving negotiations, and Kuwait’s humanitarian aid to Palestinians, the ministers may have dissected strategies to pacify the situation and steer towards peace. The storm in Ukraine, triggered by Russia’s invasion, and the consequent global disquiet could have also surfaced in the talks. With Kuwait standing in solidarity with the global condemnation of Russia’s actions, discussions on Ukraine’s crisis and diplomatic solutions to it are plausible.
Kuwait: The Pivotal Player
The Lavrov-Al-Sabah meeting underscores Kuwait’s escalating significance in the geopolitical chessboard. Its neutral stance in regional disputes, coupled with its constructive mediation and close ties with both Russia and the US, positions it uniquely for facilitating dialogues and negotiations. Lavrov’s choice of meeting Al-Sabah underlines Russia’s appreciation of Kuwait’s viewpoint and its intent to involve it in crucial regional matters.
Unchartered Terrains of Discussion
Besides the highlighted areas, the ministers might have traversed through the terrains of other regional developments like the situations in Syria and Iraq. With Russia and Kuwait’s involvement in stabilizing these nations and combating terrorism, they might have brainstormed on strengthening their collaboration against extremist threats and fostering regional stability.
The Lavrov-Al-Sabah dialogue, thus, underpins the essence of engagement in resolving regional conflicts. It echoes the call for international cohesion in tackling intricate geopolitical issues. Though the cloak over the discussions persists, Russia and Kuwait’s commitment to peaceful resolutions to Middle Eastern challenges is evident. The ripple effect of their talks may resonate throughout the region and the global community.
Finance announces an extension of the period of availability of reconstruction bonds to citizens and clarifies the mechanism for purchasing them
Today, Thursday, the Ministry of Finance announced an extension of the period for making construction bonds available to citizens, while clarifying the mechanism for purchasing them.
“The Ministry of Finance, in its contribution to providing investment opportunities for citizens and achieving economic stability, announces the continued availability of Emaar bonds to citizens, until Thursday, November 9, 2023,” according to a statement from the Ministry that the “Information” Agency received.
“The details of the bonds offered are: “, the announcement said.
-There are two types of the initial issue of bonds valued at 1.5 trillion Iraqi dinars that may be traded on the Iraq Stock Exchange:
-The first is available for (500,000) five hundred thousand dinars, with a two-year term and a 6% annual interest rate.
The second price is one million dinars, with a four-year term and an annual interest rate of 8%.
According to General Federal Budget Law No. 13 of 2023, there are no taxes associated with the purchase or trading of the issued bonds.
He went on, “The application process for buying the bond is as follows:
-Those who want to buy bonds can apply directly to one of the banks that have been approved, providing their original identity credentials.
-The bank will provide the buyer with a receipt for the amount he paid to buy the bond.
The buyer retains the receipt until the bond is ready, at which point they take the previously stated receipt to the bank to pick up the bond.
Wed. 1 Nov. TNT: “The RV was supposed to go last night, so we are just waiting.”
Wed. 1 Nov. MarkZ: “A number of contacts both in and outside of Iraq said it did go very well this past weekend and they are expecting an announcement within days.”
Tues. 31 Oct. Bruce: One of Bruce’s contacts said Reclamation and Restitution Funds would be released for seniors 65 and older this coming weekend Sat, Sun 4, 5 Nov. During the month of November the Social Security raises should be seen in your regular SS paycheck. Bank rates were connected to the Forex, while Redemption Center screens showed higher rates, so it would benefit to do your exchange/ redemption at a Redemption Center rather than a bank. All Zim Holders must go to Redemption Centers.
Tues. 31 Oct. Mr. Salvage on Telegram: There was a report that “The Paymaster of New York Michael J. Rubin said that everything was done. All money was in all banks and ready to go. All codes were in. The nation of Colombia was already liquid. Just have patience. We are there.”
Tues. 31 Oct. P Arte on Telegram: “Ok guys I sat down with one of my banks branch managers today. They are Basel 3 and 4 compliant. I asked her about the RV and she said she just got an email coming through that said the Tues. 7 Nov. She’s checking in with her higher ups getting back to me. Her response was, how do you know all this? Lol hooowhooo let’s go!”
Craig Wilson: “Folks, It is being reported tonight Mon. 30 Oct, that about a week ago, the Iraqi GOI and the CBI, released to the US Treasury, the NEW International Exchange Rate! This came from an Iraqi Bank Partner of a bank here in the USA! It is also believed that the US Treasury has started some exchange steps with the CBI of some of the Iraqi Dinar that the US Treasury holds in its reserves! Sorry it’s not on ABC or NBC or any Fake Stream News yet, but it is from a source that IMO has credible information! That is all, carry on!!
With the Global Currency Reset will come Real Estate Tokenization, where buying a home normally took 30 days to close would be done in 30 seconds. Tokenization will change and no longer be called Mortgage, which literally means ‘death pledge.'” Loans will no longer exist.
Mon. 30 Oct. TNT: “The IMF and Federal Reserve contacts are saying the rate should change by Nov. 1. Banks have been told the same. Announcement of thenew Iraqi Dinar Rate was imminent. Iraq placed lower denominations of Dinar at ports and airlines on Thurs. 26 Oct.”
Mon. 30 Oct. MarkZ: “Bond folks are still saying they expect theirs on Nov 4th right now. I hear the 5th is huge from a number of sources. That would make sense if they go late on the 4th and unleash us on the 5th…..but who knows?
Mon. 30 Oct. Wolverine: “We are still going, guys. Colombia is a good example. On Sun. 29 Oct. they had a meeting with leaders all over the World. They are ready to go.”
Mon. 30 Oct. Bogota Colombia Banker Nelson Ruiz: “The BBVA Compass Bank is ready, all paymasters have the money and codes are liquid and ready to go. Everyone was positive after the reunion last Tues. 24 Oct. In the Redemption Centers we will get a new computer.”
Sat. 28 Oct. Alex Collier: “The Dinar went international on Fri. 27 Oct. and on that same Friday they began pulling 3,600 US troops out of Iraq so Iraq could declare Iraq a Sovereign Nation. Two days ago President Trump said the next 7-8 days would be ones to be remembered.”
IRAQ IS AMONG THE LARGEST ARAB COUNTRIES IN GOLD RESERVES.. INTERNATIONAL STATISTICS DURING 2023
A recent report by the World Gold Council stated that the world’s central banks maintained a high pace of gold purchases in the third quarter of this year, in light of geopolitical tensions.
The report indicated that central banks witnessed the third strongest quarterly quarter of net purchases of the yellow metal in the third quarter of 2023, with an amount amounting to 337 tons, but it was less than the record number for the third quarter of 2022. The council said in its quarterly report, that despite the increase in central bank purchases on an annual basis, it declined by 27 percent in the third quarter.
Global demand for all sectors in the third quarter of 2023 recorded a decline of 6% to 1,147 tons, compared to 1,219 tons in the third quarter of the previous year 2022. While the total supply of gold increased by 6% on an annual basis in the third quarter of 2023, with an increase in mine production. to a standard level.
The top 5 countries with gold reserves 1. United States – 3352.6 tons 2.Germany– 3352.6 tons3 .Italy– 2451.8 tons 4.France– 2436.9 tons 5.Russia– 2332.7 tons.
The 5 largest Arab countries possess reserves of the precious metal 1. Saudi Arabia – 323.1 tons 2.Lebanon– 286.8 tons3 .Algeria– 173.6 tons 4.Iraq– 132.7 tons 5.Egypt– 125.9 tons
