[via WiserNow] Iraq has a new rate on their CBI rate, and it's very good and they should be bringing out the international rate on the Iraqi Dinar on Sunday - Easter Sunday...So we're looking to get notified Monday, set appointments...and start on Tuesday with our exchanges
...I think we're all set to start.
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.
Sudanese Advisor: The 2024 budget tables focus on investment spending
Today, on Saturday, Mazhar Muhammad Salih, the prime minister’s finance advisor, reaffirmed that the 2024 budget tables prioritize investment expenditure for new projects.
In an interview, Saleh stated that “the Federal General Budget Law No. 13 of 2023 (the tripartite) stipulates the submission of schedules of public expenditures and revenues adapted according to the new fiscal year and its objective circumstances for the year 2024 for legal approval. The existing procedures for completing the public financial tables for the fiscal year 2024 in order to submit them to the legislative authority for approval and implementation immediately are only a response to that text.
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He stated that “the most important thing in these tables is determining the levels of investment spending on new projects, which is fundamental and fundamental spending in the movement of the national economy, as it is directly linked to the development and growth of the economy by providing objective conditions for the movement of government demand for supplies and inputs for investment in projects.” authorized for new.
He stated that “the demand for productive factors associated with government investment activity is essential in achieving the targeted level of growth in the annual gross domestic product and sustaining its momentum, in addition to its connection to the labor market and business and moving them in accordance with a climate required by the sustainability of the country’s economic development itself.”
I attempted to include the following on the call underway however I was not acknowledged so will post here.
The council and Gov't of Iraq have advised all retailers in country are free to revise their product prices upward to reflect the change in Dinar valuation taking place today in country. Confirmed by two independent sources.
Wed. 27 March Texas Snake:
Since there has been so little actual RV information being released over the past couple of days I thought it might be a relief over this coming Easter celebration to share what my banker has just shared with me.
His text is in all caps. “THE LATEST MESSAGE TO ALL REGIONAL CURRENCY EXCHANGE MANAGERS IS TO ADVISE YOUR SPECIALISTS TO BE AVAILABLE FORDUTY IN THE WEEK FOLLOWING THE EASTER WEEKEND AS OUR INFORMATION IS ALL REQUIREMENTS HAVE BEEN SATISFIED GLOBALLY AND THEANNOUNCEMENTS WILL OCCUR IN THE FORTHCOMING WEEK. WE WILL PROVIDE CONTINOUS INFORMATION AS IT BECOMES AVAILABLE OVER THE WEEKEND. PLEASE RECOGNIZE WE HAVE HAD SUCH NOTIFICATIONS BEFORE SO HOPEFULLY FURTHER DELAYS WILL BE UNDERSTOOD.”
Iraq’s natural gas production poised for significant surge by 2050
Iraq is supposed to observe a significant expansion in petroleum gas creation continuously 2050, as evaluations from the Gas Trading Nations Gathering (GECF) show.
Gas creation has multiplied in Iraq to 15 billion cubic meters in 2022, from 5 billion cubic meters kept in 2013, as per a GECF report.
Iraq’s essential endeavors to increase its gaseous petrol creation line up with its expects to invigorate the power area, which vigorously depends on this energy hotspot for power age.
The report further shows that the expected creation flood will essentially begin from related gas extricated during oil creation, keeping up with its situation as Iraq’s essential wellspring of petroleum gas and representing 60% of the nation’s extended creation by 2050.
Key extraction destinations adding to this development incorporate the oil fields of West Qurna 2, Majnoon, Artawi, Tuba, and Luhais, all piece of a venture understanding endorsed by Iraq with TotalEnergies last year. The task’s creation limit is supposed to arrive at a significant 6.7 billion cubic meters yearly upon finish.Remarkably, Iraq positioned as the world’s third-biggest gas-erupting country by the finish of 2022, following Russia and Iran, with an expected almost 18 billion cubic meters erupted every year
The 15th of April, I'll tell you this, most likely what...Sudani, Alaq, all those folks in the Ministerial Council of Economics, they're working their tails off to make sure to make sure they're ready, if not done, well before Al-Sudani shows. Because if he's coming to town and he wants bargaining chips and I'm pretty sure a real effect exchange rate is going to be one of those bargaining chips.
When people suggest they're going to LOP the currency ask them about...How is it that a country that's worth $16 to $17 trillion with no inflation is going to LOP their currency? And that would be allowed by the IMF, the Bank of International Settlements and the WTO...US Treasury?Why would they be able to just erase the value of the currency when the US Treasury holds lets say 7, 9, 10 trillion dinar? ...This is what's in the news. This is what's reality...
