Iraqi Dinar | CBI Rate Set On Screen IQD New Exchange Rate $1.32 | Iraqi...

"WE HAVE IN A CRITICAL PERIOD OF THE CURRENCY REFORM PROGRAM SINCE JAN OF LAST YEAR 2023" BY MNT GOAT, 16 MARCH

 MNT GOAT

I feel we have been in a critical period of the currency reform program since January of last year 2023. Now we are in a “vital” period. 

 We are now in a waiting game for the Central Bank to control the parallel “black” market. 

Anything could now happen and is going to happen. Recent news of imminent World Trade Organization accession. Then to make it even better more pressure to float the dinar and even now get off the Petro-dollar and finally end the currency auctions altogether.

The saga about the Iraqi dinar RV continues. It is what you don’t know that can cause you some stress and anxiety. Even I sometimes want to rush the RV process and I have to step back and relax.

 I have to ask myself if the CBI is following the 2011 Dr Shabibi and IMF plan. As long as they are following it, I am very happy and so should you. As we all know Iraq is NOT working on our timetable as their newly formed government is sometimes very slow to act.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

International Energy raises its forecasts for the growth of global oil demand, 16 MARCH

International Energy raises its forecasts for the growth of global oil demand

The Worldwide Energy Organization raised its assumptions for the development of worldwide oil interest during the ongoing year.

The office expressed in its report, Thursday, that its assumptions for development in worldwide oil interest in 2024 have ascended by 110,000 barrels each day, to 1.3 million barrels each day.

It additionally anticipated that worldwide interest for oil should fill in the main quarter of this current year by 270,000 barrels each day to 1.7 million barrels each day.

The Worldwide Energy Organization showed that confronting the unrest that followed the Coronavirus pandemic and the vulnerability of the financial standpoint will control the development of oil request this year, even as the disturbance in the delivery area gives a transient lift.

The office, which is situated in Paris, said in its month to month oil report that development “is getting back to its standard levels after the extreme changes saw during the pandemic years.”

She added: ” The worldwide financial stoppage builds deterrents to the utilization of oil, similarly as with further developing vehicle effectiveness and the expansion in electric vehicles.”

The Energy Office expressed that on the off chance that the deliberate cuts by the Association of the Petrol Sending out Nations and its partners “OPEC+” go on during 2024, the market will observer a slight shortage rather than an excess.

OPEC had saved its assumptions for the development of worldwide oil request unaltered during the ongoing year.

OPEC expressed in its month to month report, on Tuesday, that assumptions for development in worldwide oil request stayed unaltered at 2.2 million barrels each day.

OPEC’s assumptions for request development in 2024 far surpass those of numerous different bodies, including the Worldwide Energy Organization.

"RV UPDATE" BY MNT GOAT, 16 MARCH

  Mnt Goat  

 There are many who want to force the reinstatement which is like me telling you that on March 19th (first day of Spring) suddenly overnight everything will change and wamoo we will have spring. But we all know it doesn’t work this way and so we must make this logical analogy / comparison to our investment the RV. Just like mother nature has a plan for spring the CBI too has a plan and it takes time to execute it.

  Don’t be discouraged, the currency reform and banking process has come a very long way in a short period of time since January 2023 compared to waiting since 2011, when the plan originated with the IMF on how to turn the currency back on. So we went 11 years with not much progress then suddenly a huge jump which tells us something is up. This alone is all telling...If Iraq is to progress, as they say is their goal, they will need a globally recognized and traded currency once again and get it VERY SOON!  

Iraqi Dinar🔥Exchange Rates Of Iraqi Dinar Today Latest Update 2024🔥iraqi...

Al-Baldawi: Disagreements are an obstacle to legislating the oil and gas law, 16 MARCH

Al-Baldawi: Disagreements are an obstacle to legislating the oil and gas law

Representative Muhammad Al-Baldawi revealed today, Thursday, that the oil and gas bill failed to pass due to political issues.

According to Al-Baldawi, “Approval of the oil and gas law requires political consensus from all political forces,” and pointed out that “disagreements regarding the approval of the law still exist and constitute a fundamental factor obstructing its submission to Parliament.”

He went on to say, “The law is still awaiting Baghdad’s understandings.” And Erbil for its enactment, since it was deported multiple times during past legislative sessions and was not included in parliamentary laws and legislation owing to a lack of a clear vision for its passage.

"RV UPDATE" BY MARKZ, 16 MARCH

 MarkZ  

 [via PDK]  

We still do not know the timing but I am going to reiterate that the weekend before last they formed a committee to help inform businesses and citizens how to deal with the changing rate and changing prices that is going to occur. This is huge.

 If any of you are questioning if this is ever going to happen …I want to give you some reassurance….  Here we are at Thursday and this is the second time this week …directly from the Iraqi Parliament: 

“Parliamantary Finance and CBI discuss increasing the DINAR and controlling the market”.   In other words they need to remove restrictions on the banks and increase the value…that is how they control the market...They are still openly talking about it…again.