" RV UPDATE" BY FRANK26, 14 MARCH

  Frank26  

The banks are not saying as much that it's a scam.  If you hear someone that says it's a scam it's probably someone at the very front line.  But once you get past them we're finding they have JP Morgan representatives at every Chase Bank it seems like.  Perfect timing...

Not one bank story has been negative in 8 or 9 days or so...The resistance is getting less and less.  The force field is no longer at 10, it's probably at 1 or 2.

We were looking for 1,200 or 1,000 [to 1 USD] but I don't think we're going to see it...We haven't seen a single pip movement ...It's possible they may be looking at $1.10, $1.20 or $1.30...

Let's see where they enter the basket.  I'd love for them enter at 1320 because that means we're ready.  I don't think there's any more preparation is required...I believe they have the potential to cap it at about $4.25 [in the float].

Iraqi Dinar🔥 IMF Recommendations For Iraqi Dinar Today 2024🔥iraqi dinar ...

Clare: A call from the Article 140 Committee in Basra: Come to El Geneina to receive your dues, 14 MARCH

 Clare:  A call from the Article 140 Committee in Basra: Come to El Geneina to receive your dues

3/13/2024  Al-Geneina (Basra) 964

Today, Wednesday, the Basra Office for Article 140 invited citizens benefiting from Package 1 to Package 21 to come to the office building in Al-Geneina in central Basra for the purpose of receiving the instruments for receiving their entitlements.

Dhikra Al-Taie - Director of Implementation of Article 140 in Basra, for the 964 Network :

We launched a call to beneficiary citizens to come to the Article 140 Basra office for the purpose of signing written pledges before receiving the instrument of the amount disbursed to them.

There is concern from some citizens about the annual update we conduct on people who have not received the checks, but we conduct it to ensure the rights of everyone.

Updating the information is important in order to ensure that the person has not died, and if he is deceased, his family members must bring a legal certificate to guarantee their full rights, or in the event of a divorce, bring a divorce document in order to guarantee the beneficiary or beneficiary.

There is great momentum in the transactions of those included in Article 140, and there are some transactions that have been promoted for 5 years.  LINK

"RV UPDATE" BY MILITIAMAN, 14 MARCH

  Militia Man 

 Article:  "Economics website: A new application enhances investment movement in Iraq"  

Quote:  “.. .The new index, called (RSISX Total Return), compares currency exchange rate changes and the returns achieved.” 

 It is not surprising they have a new RSISX Total Returns index for currency exchange rate changes. With Al-Sudani's government mention of 1.32 dinars to the dollar yesterday and then today we see that there is talk of smaller denominations. Small enough to make change for 250 notes...Put all that with this new index being launched suggests for me, is that they are ready for change to come and not just in the exchange rate but...as in fils...This is another good sign Iraq is opening up to the world in a big way.

FRANK26….3-13-24….IQD UPDATE……DR SHABIBI WAS A GENIUS !

Clare: An independent representative stresses the need to legislate the oil and gas law , 14 MARCH

 Clare:  An independent representative stresses the need to legislate the oil and gas law

3/13/2024

Information/Baghdad…

Member of the Parliamentary Oil and Gas Committee, Independent Representative Nazem Al-Shibli, stressed today, Wednesday, the necessity of passing the oil and gas law.

Al-Shibli told Al-Maalouma, “The oil and gas law is the only solution to solve the outstanding problems between the federal government and the Kurdistan region, and its legislation will resolve all disputes between the two parties.”

He added, “The House of Representatives has completed all sections of the law, but the government has amendments and comments on some paragraphs of the prepared law.”

He pointed out “the difficulty of resolving the problems with the region without the oil and gas law,” noting that “11 amendments were made to the law.”

Since the first session of the Iraqi Council of Representatives, in 2005, the draft oil and gas law has remained locked away, as disagreements prevent its approval in its final form.

After 18 years ,he announced the formation of a committee to develop “a draft of the oil and gas law and present it to the government and the House of Representatives, according to what MP Firas Al-Muslimaoui revealed.

The representative stressed that “there is a real will in the House of Representatives to legislate the law.

Iraq exports an average of 3.3 million barrels of crude oil per day, and black gold constitutes more than 90 percent of the Iraqi treasury’s resources.”  LINK

"RV UPDATE" BY SANDY INGRAM, 13 MARCH

 Sandy Ingram 

 OPEC+ members agreed to extend voluntary production cuts by 2.2 million barrels per day in the second quarter of the year...Iraq is losing anywhere from $2 to $3 billion a month in OPEC's volunteer program to cut oil production.    

 IMF's report on Iraq's economy.  This is a critical report dealing with Iraq's...financial future...Iraq could easily be on the path to a higher exchange rate depending on how the country responds to the IMF recommendations...

Iraq's non-oil economy is expected to continue to its growth in 2024 after expanding by 6% in 2023.   The IMF also reported Iraq's economy is projected to rebound in 2024...

Iraq needs more sustainable non-oil growth according to...the IMF mission.

https://dinarevaluation.blogspot.com/2024/03/rv-update-by-sandy-ingram-11-march.html