Saturday, March 16, 2024
"IMPORTANT IRAQ NEWS: AN INDEPENDENT REPRESENTATIVE STRESSES THE NEED TO LEGISLATE THE OIL AND GAS LAW" BY MNT GOAT, 16 MARCH
AN INDEPENDENT REPRESENTATIVE STRESSES THE NEED TO LEGISLATE THE OIL AND GAS LAW
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.
" RV UPDATE " BY FRANK26, 16 MARCH
Frank26
Article: "Among them concerns the dinar... the outcomes of Parliament’s finance meeting with the Central Bank"
ALL THEY TALK ABOUT IS THE 1.32 & THE INTRODUCTION OF THE LOWER NOTES!!! FINALLY... THE SOUND HEARD AROUND THE WORLD! This is actually happening. This is a reality. The monetary reform to add value to the currency and then to float internationally is a reality...because it's in print.
There was an announcement made by the Prime Minister Sudani...He told the Iraqi citizens, I'm going to add value to your currency. He used a solemn oath that swears upon Allah their God."WE HAVE IN A CRITICAL PERIOD OF THE CURRENCY REFORM PROGRAM SINCE JAN OF LAST YEAR 2023" BY MNT GOAT, 16 MARCH
MNT GOAT
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.
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 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.
Friday, March 15, 2024
"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!
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...