DINAR REVALUATION

Thursday, March 14, 2024

Iraq's Gov't Suggest 1IQD = $0.76!💣Float to $4!?🤔Iraq Dinar RV Updates |...

Iraqi Parliament reveals details оf hosting Finance Minister, sends message tо Kurdistan government, 14 MARCH

Iraqi Parliament reveals details оf hosting Finance Minister, sends message tо Kurdistan government

Shafaq News/ On Wednesday, the Finance Committee оf the Iraqi Parliament disclosed details оf hosting Finance Minister Taif Sami. Simultaneously, a message was directed toward the Kurdistan Regional Government (KRG) concerning the salaries оf its employees.

Youssef Al-Kalabi, a committee member, informed Shafaq News that among the topics discussed was the issue оf localizing salaries for employees іn the Kurdistan Region. Al-Kalabi pointed out that "the committee discussed the financing and localization оf salaries for employees іn the Kurdistan Region" and clarified that "the Federal Court's decision was clear оn this matter."

The Committee also urged the Regional government tо facilitate the localization оf employees' salaries, ensuring equality with other Iraqi employees.

Al-Kalabi emphasized the clarity оf the Federal Court's decision and the Ministry оf Finance's letter, asserting that while February salaries іn the Kurdistan Region would be disbursed, March salaries hinged оn localization.

The Ministry оf Finance and Economy іn the Kurdistan Regional Government, however, revealed оn Tuesday that federal procedures deprived regional employees оf their February salaries. The ministry disclosed that only 59% оf total salaries were funded by the Federal Ministry оf Finance, leaving 41% оf employees without wages, and the funded amount did not reach the Ministry оf Finance іn the Kurdistan Region.

The Federal Supreme Court (the highest judicial authority іn Iraq) had decided оn Wednesday, February 21, 2024, tо oblige both the Iraqi and Kurdish Prime Minister, Mohammed Shia Al-Sudani, the head оf the federal cabinet, and Masrour Barzani, the head оf the Kurdistan Regional Government, tо domicile the salaries оf employees and public sector workers at federal banks.

The recent court decision has sparked debate among Kurdish politicians, criticized as unconstitutional and politically motivated, yet defended by observers who argue іt aligns with the law and constitution, potentially resolving the prolonged salary delays for the region's employees.

In an interview with Monte Carlo International, the head оf the Kurdistan Democratic Party (KDP), leader Masoud Barzani expressed regret for the recent Court's decisions, considering them biased against the Region. "Unfortunately, all the decisions оf the Federal Court are heavily biased against the Region…Its decisions are unjust and unfair, distinctly against the Region."

https://shafaq.com/en/Iraq/Iraqi-Parliament-reveals-details-f-hosting-Finance-Minister-sends-message-t-Kurdistan-government

"RV UPDATE" BY PIMPY, 14 MARCH

Pimpy

I hold millions of dinar and people act like I don't want the $3.22 exchange rate with the current currency, 'No, Pimpy doesn't like it. He doesn't believe in it.' What the hell are you talking about? I own millions of dinars. Nothing would make me more happier than them to jump up to a $3.22 rate and keep the same bank notes that we got now.

Can the Iraqi dinar get as valuable as a Kuwait dinar? Of course it could. There's a lot of hurdles there. Are they [Iraq] going to be reinstated? No. Two different stories.

The invasion and occupation [of Kuwait] was about 7 months...The Kuwait government was still able to do business as usual outside of Kuwait, use the money they had in their reserve fund.

Iraq did not have that, not to mention the fact that Saddam Hussein... printed the hell out of the Iraqi dinar causing the value of the Iraqi dinar to drop...You can't compare Iraq to Kuwait because there's no comparisons...

Iraqi dinar 🔥big and massive Reinstated at $3.24🔥Iraqi dinar RV today up...

Iraqi-Turkish pipeline fully restored, ensuring uninterrupted oil flow, 14 MARCH

Iraqi-Turkish pipeline fully restored, ensuring uninterrupted oil flow

Shafaq News/ A source in the North Oil Company, owned by the Iraqi government, revealed on Wednesday that the process of repairing the Iraqi-Turkish line has been completed by 100% while indicating that the pumping operations depend on government instructions related to resuming exports from the Kirkuk fields to the port of Ceyhan.

The source said, "The North Oil Company completed the process of repairing the Iraqi-Turkish line after ISIS members sabotaged it. The work included repairing the damaged parts, specifically between the governorates of Kirkuk, Saladin, and Nineveh."

He pointed out that "the North Oil Company worked over the past months to replace the damaged parts by the Oil Lines Department, which contributed to the work and completed the complete repair of the pipeline, and it is now ready to transfer any quantity determined by the Iraqi Oil Ministry to resume the export of crude oil from the Kirkuk fields to the Turkish port of Ceyhan."

"The current production of the North Oil Company amounts to 350 thousand barrels per day, of which 10 thousand barrels are allocated for export to Jordan and up to 100 thousand barrels for local filtering and refining units in the refineries, and some private refineries in Erbil and Al-Sulaymaniyah are also being equipped with quantities specified by the Ministry of Oil for refining and producing gasoline and other petroleum derivatives."

The source at the North Oil Company confirmed, "The operation of electrical power to the station through the mobile station, as well as the trial operation of the main electric motors, in addition to delivering electricity to the station sites."

https://shafaq.com/en/Economy/Iraqi-Turkish-pipeline-fully-restored-ensuring-uninterrupted-oil-flow

"RV UPDATE" BY MNT GOAT, 14 MARCH

Mnt Goat

This Saturday I had my normal call to my CBI contact in Iraq and was told they too are waiting for the signal to go ahead with the Project to Delete the Zeros. This is the next step. Everything from the Iraqi side has been cleared but the US Treasury has not yet given their assurance of the reinstatement once the process moves to the next step .

The CBI now wants this in writing and a formal document stating the approvals. They are waiting for this to come. ...we know that what has been accomplished in the de-dollarization process is hard to undo at that point...So, there is no turning back and they must move ahead.