DINAR REVALUATION

Wednesday, May 8, 2024

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Sudanese Advisor: The oil sector is witnessing a rapid renaissance, 8 MAY

Sudanese Advisor: The oil sector is witnessing a rapid renaissance

Economy News - Baghdad

The financial advisor to Prime Minister Mazhar Mohammed Saleh explained on Tuesday the positive effects resulting from the export launch of natural gas derivatives, while the oil sector is witnessing a rapid development renaissance.

Saleh said, in a statement followed by "Economy News" that "models of economic progress depend on export resources in order to advance the reality of development," noting that "work to diversify the economy is through the diversification of raw material products exported within high value-added chains that reflect positively on the current account of the balance of payments."

He added that "the export launch of a specific type of natural gas derivatives and the development in this direction has two important effects, including the optimal exploitation of some aspects of natural gas resources, which have been wasted by burning, especially the gas associated with oil production, as well as gradual mitigation and compensation for the cost of gas currently imported for specific purposes and used as fuel to operate electric power plants, which depend on natural gas derivatives itself."

He pointed out that "the oil sector today is witnessing an accelerated development renaissance, whether in diversifying products from crude oil or associated gas and natural gas, and generating high flexibility in the attribution of the country's financial resources, whether towards replacing imports of oil and gas products or promoting exports from them according to the calculations of balance between costs and benefits from import and export activities for various types of oil and gas derivatives," noting that it is "the optimal balance base that will be in the interest of the national economy, especially maximizing the country's financial revenues."

"RV UPDATE" BY MILITIAMAN, 8 MAY

Militia Man

Article: "Iraqi Council of Ministers approves the 2024 budget schedules"

The next step would be to take those schedules and deliver them to the House of Representatives. If we see that, that's going to be powerful because everybody's gonna be biting their nails because it could very well suggest something could happen prior to that happening. It's a nail biter...

Article: "Specialist: Floating the dinar is economic suicide"

Them bringing up exchange regimes obviously...they're going to do something because why talk about it if it's not going to change. You don't.

Non-oil revenues...Iraq has the largest sulfur deposit in the world. They can tap into that. It's going to be part of their non-oil revenues. The amount of natural resources Iraq has is off the charts. Anything that suggests they can't afford to do what they're going to do and go to a market economy I think is highly mistaken.

Iraqi Dinar | Huge Rv Update That Culd Change Everything | Iraqi Dinar L...

Sudanese Advisor: Iraq is a strategic location in the region and the world, 8 MAY

Sudanese Advisor: Iraq is a strategic location in the region and the world

Advisor to the Prime Minister for Religious Affairs, Munir Al-Tarihi, confirmed today, Tuesday, that Iraq represents an important region and a strategic bridge in the region and the world.

Al-Tarihi said in an interview with the Maalouma Agency, “Inciting sectarianism and racism does not serve the country,” pointing out that “these moves are part of the West’s attempts to target Iraqi society.”

He added, "Iraq is considered an important region and a strategic bridge connecting the world, so these attempts exist," noting that "the enemies' plans to sow despair among the Iraqi people have failed, and the credit for this goes to the ability and steadfastness of the Iraqis."

He continued, "The Iraqi people have proven to all countries of the world the extent of their ability not to be led by rumors and strife." link

"RV UPDATE" BY WALKINGSTICK, 8 MAY

Walkingstick

You cannot have any restriction on your currency if you belong to the SAP. You cannot be on a program rate. A program rate is a restricted currency is it not? Sure it is...This is a very advanced system...The SAP has the same qualifications as the WTO.

In fact SAP is part of the WTO...The restriction on currencies that the WTO says you cannot have is the same restrictions that SAP says...They run the same program systems.

The main reason why they're going to float the Iraqi dinar is to build confidence in the country of Iraq. A float brings in these investor that Sudani has been signing left and right. These investors will watch the float and as the float increases they will say to themselves, 'Hey, maybe I should invest in this currency.' ...The float is to build confidence in the country and in the currency of Iraq.