Deputy: Iraq Represents An Important Factor In The Stability Of The Global Oil Market, 12 MAY

 Deputy: Iraq Represents An Important Factor In The Stability Of The Global Oil Market

Economy | 05:40 - 05/11/2024   Mawazine News – Baghdad    MP Nour Nafie Al-Jalaihawi confirmed, on Saturday, that Iraq represents an important factor in the stability of international markets in the oil and energy file.

 Al-Julaihawi said, in an interview followed by Mawazine News, that “developing Iraq’s oil and gas fields is an important strategy in order to strengthen the country’s economy, diversify its revenues, and seek to raise the efficiency of its production capacity in a way that contributes to increasing exports.”

She added, "The Prime Minister's launch of the fifth supplementary licensing round and the sixth round, which will include 29 projects in fields and exploratory patches, whether oil or gas, spread across 12 governorates, is a step in the right direction that will lead to achieving three positives at the same time: increasing its ability to pump oil and produce gas and reducing the bill."

Importing the latter, in addition to revitalizing neighboring regions and providing more job opportunities, not to mention supporting the governorates and financing service projects.”

She stated that "Iraq represents an important factor in stabilizing international markets in the energy file and increasing its production capacity is a step in the right direction, especially gas fields, in order to reach the stage of sufficiency."   https://www.mawazin.net/Details.aspx?jimare=247775

"RV UPDATE" BY HOLLY, 12 MAY

 HOLLY

⚠️⚠️⚠️⚠️⚠️

➡️ Just now on Bloomberg, discussions on interest rates that we know cannot change because the Fed doesn’t exist….

“We are moving towards a global resetting narrative.”

A global reset? Ya don’t say. They are saying a lot of quiet parts out loud now. 👀

⬇️⬇️⬇️⬇️⬇️

Iraqi Dinar Holders 👇👇👇

Remember hearing how the UN Council stated in Davos now a few months back how Iraq would be the savior of the global financial system?

Why did they say that? What were they telling us? That maybe they are saving the Iraqi Dinar RV for just the right time for when the global system resets. 

It's now more clear than ever the budget, schedules, and timelines are all part of the narrative. Nothing is being left to chance.

Holding the Iraqi Dinar, Cryptocurrency, Gold and Silver will be your personal financial savior. ✅

https://x.com/schleef/status/1788937601443099017?s=46

Iraqi Dinar | CBI Governor Ali Alaq Officially Announced New Rate Of IQD...

"WITH ALL DUE RESPECT PARLIAMENT... SIT DOWN & SHUT UP" BY FRANK26, 12 MAY

 KTFA

FRANK26: "WITH ALL DUE RESPECT PARLIAMENT... SIT DOWN & SHUT UP"............F26

Revealing the date of the arrival of the 2024 budget schedules

5/11/2024

Information / Baghdad.. 

Today, Saturday, the Parliamentary Finance Committee revealed the date of the arrival of the budget schedules for the current year 2024 to Parliament, confirming Parliament’s readiness to receive the schedules. 

The Vice-Chairman of the Committee, Ikhlas Al-Dulaimi, told Al-Maalouma, “The Finance Committee will work as soon as possible to present the 2024 budget schedules for a vote as a result of the necessary need to pass them to keep pace with state affairs.” 

She added, "The Finance Committee is awaiting the budget schedules from the government next week, noting the need for a maximum of two weeks to read and discuss amendments to the schedules before submitting them to a vote." 

She pointed out that "the House of Representatives is fully prepared to receive the schedules and discuss them in order to pass them as quickly as possible."

LINK

"Q & A" WITH MARKZ, 12 MAY

QUESTION:  Does a rate change need parliament approval or just CBI governor announcement?

...MZ:   According to parliament and the president of their country it only requires the CBI governors announcement. The government has already done everything they needed to do. We heard this last week. 

QUESTION:   Would someone please explain Basal 3 ? I'm sorry if this is a repeat. Thanks.

MZ: In a nutshell-Basel 3 is stricter reserve requirements for banks so that they are better able to deal with downturns. or loses or problems in the markets. They have to have more assets in order to pay share holders, depositors ect…… .to have enough reserves in case there is a problem . But imo…its not enough reserves….but its more than what they required before.

QUESTION:  Mark, is it still the case, you will (or should) know processes for our appointments. Possibly within hours prior or after the "Go time"

MZ:   I was always told that a few hours prior to this- banking contacts would reach out to a handful of us familiar with the process so that we can help you all be familiar with the process. I am told this is still the plan. We do not get to exchange before you though.    I am told I will be able to post whatever numbers and links they send me so you can make appointments and know where to go to exchange..

 QUESTION:   Mark Do we need to sigh an NDA at our exchange?

MZ:  I was told the need for an NDA for currencies is getting slimmer and slimmer. But you may have one for the humanitarian projects. I could be wrong.

How Do We Exchange Our IQD When the Value Increases? #iraqidinar

"ONLY A NEW EXCHANGE RATE WITH VALUE CAN GUARANTEE... SUDANI'S GUARANTEES" BY FRANK26, 12 MAY

 KTFA

FRANK26: "ONLY A NEW EXCHANGE RATE WITH VALUE CAN GUARANTEE... SUDANI'S GUARANTEES"..........F26

Al-Awadi: A government decision to provide sovereign guarantees and guarantees to encourage the investment process

 

5/10/2024

 

Baghdad -

The Iraqi government spokesman, Bassem Al-Awadi, revealed today, Friday, that the government has issued a decision that would achieve a leap in the investment sector that includes sovereign guarantees and guarantees for investors. As he explained their details, he touched on the contents of government work supporting the movement of Iraqi capital through the private sector and the entry of foreign funds. In support of the investment process.

 

Al-Awadi told the Iraqi News Agency (INA): “Government work in all sectors is clearly visible, and starting from the 2023 budget, more than 20 trillion dinars were spent on the investment budget and the great investment movement in Iraq.”
He added, "The government has sought throughout its period of assuming responsibility during a year and a half until now to establish stability in Iraq, and this factor is important for moving the wheel of investment in Iraq, as it has a political, security, economic, and financial dimension, and wherever there is stability, there is an encouraging environment for investment."
He continued, "It is known that capital is always looking for a quiet place and positive hotspots in which to grow and avoid hotbeds of conflict or tense areas that are believed in the end to not provide very large financial returns," noting, "The government sought to secure the situation inside Iraq." "And give a great impression of establishing stability."
He pointed out that "the presence of investment and the movement of private sector projects means adding financial returns to the economy and job opportunities for the people of the country, and these two points were emphasized by the government program, which means adding financial streams that contribute to diversifying the economy."
Al-Awadi pointed out that, “to support this trend, a change was made in the structure and management of the Investment Authority last year, and some laws were codified with the aim of facilitating procedures, which led to the revitalization of the Iraqi private sector and the internal and external private investment sector.”
He stressed, “Last month, the government issued a decision that achieved a leap in the investment sector in which it pledged to provide sovereign guarantees and guarantees to Iraqi investors, and this is happening for the first time in the country,” noting, “This government decision is very important and very supportive of the private sector and came from the government’s conviction that setting Facilities to support investment are one of the most important points.”
Al-Awadi continued, “The sovereign guarantee and guarantee for Iraqi investors at home comes with those who agree with the government on factory and laboratory projects that the Iraqi state needs in energy, petrochemicals, and some agricultural and industrial products, as the Iraqi government provides sovereign guarantees, meaning that it agrees with investors for a period of 5 years that You buy the product, and thus the investor guarantees that the commodity he produces is insured for purchase for a period of five years, and this process is called the sovereign guarantee.”
He continued his speech, “As for the sovereign guarantee, laws have been codified for Iraqi private sector investors to facilitate the process of importing production lines from any country in the world, provided that this line is in coordination with the ministries and institutions concerned, and there is no parallel in Iraq like this line, and thus it brings the production line to inside Iraq. "
He stated, “The major countries demand guarantees from businessmen or investors when they purchase production lines, and instead of the Iraqi investor going to provide financial guarantees in the billions in order to obtain the production line, the Iraqi government will provide the guarantee to those countries, and this will greatly facilitate the import of lines and the development of the reality of industry in various fields.” "It is an unprecedented step."
He added, "The government is working on all paths that support internal and external investment, by codifying laws, moving away from routine, supporting the private sector, and talking with major international companies to come to Iraq according to a work program that is supported by real facilities and decisions."

 

LINK