DINAR REVALUATION

Tuesday, May 14, 2024

The Presidency of the House of Representatives decided to hold a session next Saturday to elect the Speaker of Parliament.

It is noteworthy that on January 13, the House of Representatives held an extraordinary session to choose the new Speaker of the House of Representatives, and the first round of voting ended with the victory of the Shaalan Al-Karim Party with 152 votes out of 314 votes, and was succeeded by MP Salem Al-Issawi with 97 votes, MP Mahmoud Al-Mashahani with 48 votes, MP Amer Abdul Jabbar with 6 votes, and MP Talal Al-Zubai with one vote, but word ary aters were insiden the Council Chamber, which forced the Presidency of the Council to adjourn the session until further notice and no further session was held until the preparation of this report.
On April 1, the Federal Supreme Court last dismissed a lawsuit to cancel a session of parliament, which was intended to elect a new president of the council, and it was marred by much controversy.
On the 17th of last month, Shaalan Al-Qarim announced his withdrawal from the nomination for the presidency of parliament and his independence from all blocs and political parties under the dome of the council, including his alliance.
The deadline for the coordination framework of the Sunni political blocs to resolve their candidate for the post expired on Monday and if they do not agree, he will proceed with a session to elect the president.

https://alforatnews.iq/news/السبت-المقبل-موعد-انتخاب-رئيس-البرلمان

"RV UPDATE" BY FRANK26, 14 MAY

Frank26

Forgive me that I jumped the gun and told you, hey this represent the lower denoms [fils] in paper form [it was a 5000 note]...The colors were wrong...The color is what threw us off. I apologize...What we taught was 100% true [though]...The CBI is teaching the Iraqi citizens about lower notes...coins...They're also teaching about fils, the coins, in paper form.

Question: "Do you think the rate will be on Forex ?" Yeah! The Forex will be one of the very first to receive it.

This [these new 1000 dinar fil notes] guarantees there is a change in the Iraq dinar exchange rate because if not there's no reason for these fils whether they be in coin form or paper form. It's illogical. There's not reason for it...These fils paper or coins and the exchange rate are not activated yet. They are all in the background waiting for when Sudani says it's time.

🔥 Iraqi Dinar Value Equals $3.22 🔥 News Guru Intel Update Value IQD Exch...

A member of the Parliamentary Oil Committee sets the date of the end of the gas import file in Iraq, 14 MAY

A member of the Parliamentary Oil Committee sets the date of the end of the gas import file in Iraq

Shafaq News / Member of the Parliamentary Oil and Gas Committee, Alaa Al-Huidari, revealed on Tuesday the date of final ending the gas import file in Iraq.

Al-Haidari told Shafaq News that “the sixth round of licenses announced by the Ministry of Oil are fields and exploratory patters that will contribute to increasing the quantities of natural gas extraction and self-sufficiency in the coming years, as Iraq imports gas to operate the electric stations, which causes the budget to be overward by about $5 billion dollars in gas imports annually.”

He explained that “the licensing rounds announced include all gas fields from the south to northern Iraq, and therefore Iraq will reach the stage of self-sufficiency of gas extracted from local rights by 2027 and complete the import file.”

Iraq is seeking billions of dollars in investments to develop the oil and gas sector as it looks to increase domestic production of petrochemicals and stop gas imports from neighboring Iran that are currently key to energy production.

More than 20 companies qualified for the licensing round, including European, Chinese, Arab and Iraqi groups.

Chinese companies won contracts to excavate five Iraqi oil and gas fields last Saturday in a licensing round aimed primarily at increasing gas production for domestic use.

The gas expected to be obtained from the current licensing round is equivalent to 200% of the amount of gas imported by Iraq from Iran, which reaches 1700 million cubic meters per day, and the quantities of gas expected to be produced from this round will be about 800 million mion standard cubic meters per day.

https://www.shafaq.com/ar/اقتصـاد/عضو-في-لجنة-النفط-النيابية-يحدد-موعد-نها-ملف-استيراد-الغاز-في-العراق

Iraqi Dinar | IMF And World CBI Governor Big Announcement About IQD Rv |...

"RV UPDATE" BY MARKZ, 14 MAY

MarkZ

[via PDK]

We are looking for a lot of information throughout the day today. Question: Are we close?

MarkZ: If all goes well today- we should know how close we are. And what we are hoping was initiated yesterday with a lot of funds...I have a good feeling about the next couple of days. I think we are going to see positive things today and tomorrow…to let us know where we are at in the process...

I still continue to hear phenomenal hopes from bankers for the coming days/weeks.

Question: Does the VND have a contract rate?

MarkZ: I wouldn’t call it a contract rate – more like a pre-negotiated fee/whatever for a maximum rate. The reason there is a contract rate on the IQD is the dinar for oil program …allowing them (US Treasury?) to exchange dinar for oil over time instead of all at once.

There have been a few humdingers from banking sources this week. Mostly banking people who used to tell me I was nuts to believe in the RV - are now training for exchanges. They tell me “all those years and you were right” which does make me feel good.

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-markz-11-may.html