Tuesday, November 14, 2023
"RV UPDATE" BY MILITIAMAN, 14 NOV
Militia Man
There's a lot of things that reeking of going international.
Article quote: "The Central Bank is making intensive efforts through its discussions with the US Federal Reserve Bank to ease restrictions on Iraqi Banks...as well as developing practical solutions to liberalize the Iraqi currency by opening outlets in most of the countries of the world for dealing."
Hello!?! It should be a light bulb everybody! They're talking about going international with what? The Iraqi dinar...they're going to liberalize the dinar.
Iraq's going to have a Real Effective Exchange Rate not just a Nominal Effective Exchange Rate and the WTO is going to know about it, so is the UN, so is the United States Treasury, the Bank of International Settlements. Everybody is going to be paying attention to the amount of money that's going to come out of this country...
Salaries, oil and gas, what do they need? Salaries need an exchange rate. Oil and gas need an exchange rate. 2023, 24, 25 budget need an exchange rate. All the contracts for housing need an adjustment to the exchange rate to be able to finish those things...
It's fairly cut and dry...what are they looking for? They're looking for the exchange rate...It hasn't all happened yet. Why? Because it's obvious now. We're waiting them four in on that pinpoint. What is it? There's only one item I think is left to do...
The International Energy Agency expects oil demand to rise by about 2.4% in 2024, 14 NOV
The International Energy Agency expects oil demand to rise by about 2.4% in 2024
The agency’s report raised its expectations for global oil demand growth in 2023 to 2.4 million barrels per day, up from 2.3 million per day.
The agency raised its expectations for global oil demand growth in 2024 to 930,000 barrels per day, up from 880,000 per day.
he Paris-based agency reported that oil demand was supported this year by solid US deliveries and record demand from China in September.
Support for 2024 expectations rose due to lower interest rates and crude prices.
Meanwhile, the agency confirmed that the escalation in Gaza did not have a tangible impact on energy supply flows.
The Organization of the Petroleum Exporting Countries (OPEC) has revised its forecast for global oil demand growth this year to 2.5 million barrels per day, an increase of around 100,000 barrels compared to last month’s estimates. The increase in Chinese demand during the third quarter has contributed to this upward revision.
In its monthly report issued on Monday, the organization maintained its expectations for global oil demand growth in 2024 at 2.2 million barrels per day.
In its October report, OPEC predicted that global oil demand growth would stay steady at 2.4 million barrels per day in 2023, consistent with September’s forecast.
Parliamentary warnings against printing a new monetary mass after the deterioration of the dinar, 14 NOV
Parliamentary warnings against printing a new monetary mass after the deterioration of the dinar, 14 NOV
Independent MP Nazem Al-Shibli cautioned against printing a new currency bloc, warning that the rising dollar harmed poor citizens’ livelihoods and daily needs.
During an interview with [publication name], Al-Shibli expressed concerns about the governor’s inability to manage monetary policy and how such a failure could lead to the devaluation of the Iraqi dinar.
Central Bank Governor Ali Al-Alaq failed to manage the crisis and could not stabilize the Iraqi dinar’s value. Printing a new monetary mass will lead to adverse damage.
He pointed out that the rise of the dollar directly impacted the daily lives and livelihoods of ordinary Iraqis and criticized the Central Bank for failing to address this issue effectively.
DINAR STORY BY JAMES, 14 NOV
Frank26
[Dinar Story]
JAMES ONE: A gentleman came up, definitely someone that had it all together and in a bit of conversation he told us his job. I don't want to speak of the agency.
FRANK: Let's say this is a banking agency that is one of the top three agencies banks need in order to function.
JAMES ONE: Very good...This man was former special ops, has
retired and is doing a lot of work with a US agency that all banks around the world have to coordinate with. There was some small talk and conversation and then it was what do you know about the Iraqi dinar?Iraqi Prime Minister and President discuss national and international developments, 14 nov
Iraqi Prime Minister and President discuss national and international developments
Shafaq News/ On Tuesday, Iraqi Prime Minister Muhammad Shia Al-Sudani met with President Abdul Latif Gamal Rashid to discuss national and international developments.
According to a statement from Al-Sudani's office, both leaders emphasized the significance of holding provincial elections as scheduled and ensuring the conditions for their success.
During the meeting, both sides shared a commitment to support the government in implementing its program to "establish security and stability, deliver services, and advance reforms in the fight against corruption."
The discussion also covered President Rashid's participation in the joint Arab-Islamic summit held in Saudi Arabia in solidarity with Palestine and the outcomes of the meetings with leaders from participating countries.
