Article: "IRAQ IS NINTH IN THE WORLD IN NATURAL RESOURCE RESERVES.."
Quote: "Iraq was ranked among the top ten countries possessing the most valuable natural resource reserves, in terms of total estimated value for the past 3 years." OK, so if this is part of the Basel IV currency valuation algorithm then where is it reflected in the rate of the dinar? Why is it still 1/6 of a penny? Folks is just doesn’t make any sense. The IMF and the US Treasury are artificially suppressing the rate of the dinar. Remember VALUE and RATE are two different items and the value should be reflected honestly in the rate...
Article: "BIDEN TO HOST IRAQI PRIME MINISTER ON APRIL 15: WHITE HOUSE
" ...could this visit to Washington talk about the currency reform and getting support for it? Certainly it may and probably will...
President Biden is scheduled to meet with the Iraqi Prime Minister Sudani...and dedicate several days to Iraq and the situation in it, a clear signal of respect for the Prime Minister and Iraq’s political and international standing. Talks I am sure will be mostly about the Status of Forces Agreement.
The Iraqi Oil Tanker Company (National Carrier) announced today, Thursday, that the percentage of transport of oil products produced in Iraqi refineries has increased to 65% after the two tankers confirmed and Sumer entered work, and while confirmed the imminent announcement of the construction of two new tankers to transport products, it revealed a plan to enter into real partnerships with major companies to acquire giant tankers.
The company’s general manager, Ali Qais, told the official agency and followed by “Economy News”, that “the Iraqi Oil Tanker Company previously owned 29 tankers of different sizes, but as a result of the wars and conflicts that the country went through, this fleet was completely destroyed and Iraq sold oil on the minus and not continued, and that is why the Oil Tanker Company sought to regain its position after 2003.”
Qais added, “The company owns 4 tankers, which are tankers of oil products only (Digla, Euphrates, Shatt Al-Arab, and Baghdad) with a tonnage of 13,000 tons, and in 2019 it signed a contract to build two tankers according to international specifications, namely (Akd and Sumer) to transport oil products.”
He continued: “We are now in the process of negotiating with international companies to enter into major partnerships for the purpose of expropriating tankers, as well as the re-activity of transporting Iraqi crude oil, as the percentage of transport of oil products produced in refineries reached 65% after the entry of the two tankers (Akd and Sumer),” stressing: “We are now in the process of announcing the construction of two new tankers to transport products and we will try to reach 100% of the transfer of products.”
Regarding the percentage of quantities exporting crude oil, Qais explained that “the quantities exported of crude oil are sold through the oil marketing company, that is, the purchasing companies that transport oil because we sell it on the line and not continuous, but the Minister of Oil stressed that the activity of transporting Iraqi crude oil by Iraqi tankers must be returned.”
He pointed out that “the company’s future plan is to build two tankers of oil products and enter into real partnerships with major companies for the purpose of expropring giant tankers to transport Iraqi crude oil.”
[via WiserNow] First of all, all sanctions with one of our US banks were dropped by Iraq . We dropped sanctions...On Iraq I think about three or four days ago...Everything's clear from that point of view.
I think we're going to be pleasantly surprised by what should be happening this Easter week...Thursday is looking very good for us...So the idea is that we do get started this week before the end of the month and that's a very positive thing...that is really good news...I'm excited about this week guys.
Sudanese announces the start of setting 2024 budget schedules
3/28/2024
Prime Minister Muhammad Shiaa Al-Sudani announced today, Thursday, the start of setting 2024 budget schedules that include added financial entitlements to the governorates that will be allocated to infrastructure.
Al-Sudani stated, during the second session of the Supreme Commission for Coordination between governorates not organized into a region, in the presence of governors and new heads of provincial councils, that: “The Supreme Commission for Coordination between Governorates is a body formed according to the law that is responsible for addressing obstacles and developing mechanisms to manage common jurisdictions,” stressing, “starting to establish schedules.” The 2024 budget, including financial entitlements added to the governorates, will be allocated to infrastructure.
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Al-Sudani explained, “The government is keen on making the mission of local governments a success, despite the presence of trolls who do not like the vision of stability in the country,” stressing that “correct management of public money will provide positive and correct indicators, and requires working with a vision that takes into consideration the coming years and meeting entitlements.” . LINK
It is disingenuous to try to say that Iraq ONLY has a net worth of 16 trillion dollars. Those calculations do not account for many factors like tourism, a monumental gold deposit that is never spoken of, port revenues, tariffs...etc.
The Dinar Mythology surrounding this EO is amazing...It says exactly NOTHING about buying Dinar.
Executive Order 13303 was issued on May 22, 2003, by United States President George W. Bush to protect the Development Fund for Iraq for the rebuilding of Iraq...
Executive Order 13303 also terminates sanctions specified in EO 12722, EO 12724, EO 13290, as it applies to the development fund. In effect, EO 13303 provides an extraordinarily broad legal shield for any and all contractors and mercenaries working in Iraq on behalf of US corporations in any oil related enterprise. The Executive Order also declares a national emergency to deal with the threat to a peaceful reconstruction of Iraq, which US Presidents have renewed every year since, most recently in May 2023.
