Wednesday, April 10, 2024
The Minister of Oil announces the imminent start of experimental operation of the Halfaya gas field, 10 APRIL
The Minister of Oil announces the imminent start of experimental operation of the Halfaya gas field
Oil Priest Hayan Abdul Ghani reported today, Tuesday, the impending beginning of preliminary activity of the Halfaya gas field.
Abdul Ghani told the authority organization and his devotee, “, that “gas is viewed as the energy that can be depended upon later on before very long,” showing that “the Service has made extraordinary strides in the issue of putting resources into gas to lessen its consuming from different fields.”
He added, “Large numbers of the ventures that have been marked and enacted incorporate the Basra (NGL) project, which is (NGL1) and (NGL2), which is carried out by the Basra Gas Organization and is in association among Shell and the South Gas Organization,” highlighting “the marking of an agreement with the French organization All out.” ” This is viewed as one of the Service’s significant agreements for gas speculation with a limit of 600 million cubic feet, notwithstanding the utilization of sun based energy to produce electrical energy, as well as the utilization of seawater for repository infusion purposes, which will give 5,000,000 barrels of stream water for horticultural inspirations, which is viewed as one of the harmless to the ecosystem projects second to none.”
He focused on that “there are undertakings to put gas in the Halfaya field in Maysan with a limit of 300 million cubic feet, which has arrived at the last phases of preliminary activity,” bringing up that “this venture will be worked inside a few months and the gas will be coordinated to the public lattice to work the power stations.”
That’s what he expressed “there is one more task in Nasiriyah with a limit of 200 million cubic feet of gas, which is being executed by an American organization, Dough puncher Hughes,” making sense of that “this undertaking has arrived at a fruition pace of 65% and will be worked during the second from last quarter of this current year at halfway limit.” It surpasses 60 million cubic feet, as gas will be contributed from the Nasiriyah and Gharraf fields.
As to processing plants record, Abdul Ghani made sense of, “We have a Heavenly Karbala treatment facility project with a limit of 140,000 barrels each day, and it is viewed as one of the cutting edge and harmless to the ecosystem treatment facilities second to none.”
He affirmed, “The fruition and activity of the fourth unit in the southern processing plants notwithstanding the northern treatment facilities (Bayji) with a limit of 150 thousand barrels each day,” bringing up that “these treatment facilities were obliterated during the fights with ISIS, yet with the endeavors of the extra men in the Northern Treatment facilities Organization, they were restarted.”
"RV UPDATE" BY SANDY INGRAM, 10 APRIL
Sandy Ingram
Zimbabwe has a new structured currency...People will have 21 days from Friday April 5th to exchange their currency for the new structured currency...[We] were always concerned Iraq would use this same process to eliminate the millions of Iraqi dinar banknotes outside the country. If this were Iraq and not Zimbabwe, you would only have 21 days to exchange the currency within Iraq.
"RV UPDATE" BY SANDY INGRAM, 9 APRIL
Sandy Ingram
Iraq's prime minister will be in Washington, DC in less than 8 days to meet with President Biden.
The real effective exchange rate (REER) is a measure of the relative strength of a country's currency in relation to an index or basket of other major currencies. The REER is used to judge whether the country's currency is undervalued or overvalued or, ideally, fairly valued...
Nominal Effective Exchange Rate (NEER)...It is an index of the weighted average of bilateral exchange rates of home currency with respect to a basket of currencies of trading partners. An increase in NEER indicates an appreciation of the local currency against the weighted basket of currencies of its trading partners.
Iraq's top five export trading partners are India, with $38.8 billion, China with $34 billion, the United States with $10.3 billion, South Korea with 8.21 billion, and Greece with $6.27 billion. Based on Iraq's export partners the Iraqi dinar definitely could be worth more. However everything is speculative until the US and Iraq give the green light to float, revalue, reinstate or increase the value of the Iraqi dinar...This could happen overnight but it is unlikely.
https://dinarevaluation.blogspot.com/2024/04/rv-update-by-sandy-ingram-8-april_01833617722.html
Sudanese government spokesman announces a 50% reduction in external debt , 10 APRIL
Sudanese government spokesman announces a 50% reduction in external debt
4/8/2024
The Iraqi government announced, on Monday, a 50% reduction in external debt, renewing its determination to continue creating a qualitative shift in the Iraqi economy.
Government spokesman Bassem Al-Awadi said in a statement received by Shafaq News Agency, “As an emphasis from the government on transparency in economic work, and informing public opinion and national and international media of Iraqi economic performance, and in light of the Council of Ministers’ approval of the recommendations of the Diwani Order Committee 23942, related to regulating borrowing.” The government took a series of executive measures and adopted a package of financial decisions that resulted in reducing the external public debt by more than 50%, bringing the debt down from $19.729 billion in late 2022 to $15.976 billion in 2023. “Righting to approximately $8.9 billion this year.”
He added, "These financial steps (which included stopping a number of borrowing operations due to their delay and unproductivity, organizing and managing debts and auditing them, and restructuring some debts and directing them to create strategic projects) aim to prevent the Iraqi economy from mortgaging obligations that may affect the political decision in the future." Or in the path of national development, which coincides with an urban renaissance and infrastructure reconstruction, which opens the way to a promising future and a revitalized economy, in which our current and future generations perform best and obtain the greatest opportunities. ”
Al-Awadi continued, “The government organized the process of financing cooperation with the international community in specific contexts, including direct productive borrowing, providing sovereign guarantees to ensure the production of projects undertaken by the private sector for the benefit of the government, and sovereign guarantees provided by the government for the benefit of institutions that finance the Iraqi private sector importing production lines for Building factories inside Iraq.
He pointed out that "these steps pave the way towards further integration of our country into the international economic cycle, and for the government to adopt the principle of productive borrowing only, which effectively leads to an increase in the domestic product, and the financing of national service and productive projects with economic returns, in a way that ensures their completion and is not delayed." .
With these firm steps, Al-Awadi explained, “The government renews its determination to continue making a qualitative shift in the Iraqi economy, in parallel with tangible development in the services, infrastructure, and social care sectors, which are all the pillars required to meet the aspirations of our people throughout Iraq, and implement the government program with its priorities and goals.” ". LINK
Ryan1216: Powerful article! Bring this home for us all Sudani!
"RV UPDATE" BY FRANK26, 10 APRIL
Frank26
Question: "How long do you think we'll have to exchange IYO?" I don't know. Normally they give you anywhere from 6 months to about a year.
When you hold up the new lower notes you will not be able to see all the safety features, not even with a black light. This currency is so far advanced you cannot counterfeit it because you don't even know what's in it.
Question "I lost my receipt, is that going to be a problem?"
;Yeah that's a problem when you get audited but that's the only time it's a problem. When you get audited they're gong to ask you when did you buy that and if you've held your dinar for one year and have proof of a receipt you'll probably be in the 20% but if you have held it for one year and you don't have a receipt you'll probably be in the 40%. I'd rather pay $200,000 on a million than $400,000. You lost your receipt? Call the person you bought it from to see if their records have it...Did you write a check? Got to your bank and ask...please look up my check statement on this date on this month on that year.
https://dinarevaluation.blogspot.com/2024/04/rv-update-by-frank26-9-april.html
frank26: "SUDANI IS PAYING MANY
BILLS"...........F26
Baghdad releases 430 billion dinars in funding for the Kurdistan Region’s salaries
4/7/2024
The Ministry of Finance of the Kurdistan Region announced the deposit of 430 billion dinars in salaries from Baghdad into the ministry’s bank account.
According to a statement by the Ministry of Finance of Kurdistan, “Recently, an amount of 430 billion and 109 million dinars was deposited by the Ministry of Finance of the Iraqi government on the bank account of the Ministry of Finance and Economy in the Kurdistan Region in the Erbil branch of the Central Bank of Iraq.”
The money, as stated in the statement, is part of the monthly salary of employees in the Kurdistan region.
Yesterday, the Federal Ministry of Finance announced the launch of funding for the salaries of Kurdistan Region employees for the month of March, “because the mechanism for completing the localization of their salaries requires an additional period of time.”
LINK
https://dinarevaluation.blogspot.com/2024/04/sudani-is-paying-many-bills-by-frank26_0477070405.html
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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...