DINAR REVALUATION

Tuesday, May 14, 2024

Insights into Foreign Exchange Market Dynamics | iraqi dinar news today ...

Iraqi-Chinese consortium to develop Tuba oil and gas field, 14 MAY

Iraqi-Chinese consortium to develop Tuba oil and gas field

The Iraqi Service of Oil endorsed on Sunday an underlying concurrence with an Iraqi-Chinese consortium to foster the Tuba oil and gas field in southern Iraq.

The task means to create raw petroleum with a limit of 200 thousand barrels each day and gas with a limit of 50 million cubic feet.

The Iraqi Clergyman of Oil, Hayan Abdul-Ghani, referenced in an explanation that the service consented to the arrangement with a consortium of Geo-Jade Petrol, a Chinese oil investigation and creation organization, and Sickle Basra to foster the oil and gas field in Basra governorate, the dinaropinions.com revealed.

The undertaking incorporates laying out a 200,000 barrel each day petroleum treatment facility, a petrochemical office fit for creating 800 tons of polyethylene and polypropylene every year, a compost production line, and two power plants.

As per Abdul-Ghani, the venture is an incorporated one that will help the economy of the nation and give open positions to inhabitants of Basra governorate and the Al-Zubair locale.

The two power establishes that will be worked as a component of the undertaking will create 1,200 megawatts of electrical energy; the main will run on fuel and create 800 megawatts, while the subsequent will run on sunlight based energy and produce 400 megawatts.

"THE IQD WOULD NOT FLOAT, WILL BE GIVEN A REVALUED RATE" BY GOLDILOCKS, 14 MAY

GOLDILOCKS

Global Banking Announcement:

This is a note to follow up on the banker who went into foreign currency exchange training last week.

The banks now have the capability to send wires in every currency around the world with the exception of the Iraqi dinar.

There will be much faster settlement times utilizing a country's own currencies for the exchange.

This makes sense to me due to the fact that Dee and I have been told that the IQD would not float. It will be given a revalued rate.

What is important to take from this piece of Intel is, for this Bank, these new procedures began today.

This does not mean that all Banks have started these protocols yet, but it does mean that expectations are high that they begin.

Iraqi Dinar |The Significance of Iraq's Re-Entry to FOREX: A Game-Change...

Parliamentary Communications: Korek is slow in repaying its debts amounting to about 800 million dollars, 14 MAY

Parliamentary Communications: Korek is slow in repaying its debts amounting to about 800 million dollars

Today, Monday, the Parliamentary Media and Correspondences Advisory group uncovered the size of Korek Interchanges Organization’s obligations, while showing that this organization is slacking in paying its obligations.

Board of trustees part Zuhair Shahid Al-Fatlawi told , “The Korek Cell Phone Organization has abstained from paying its obligations adding up to around 800 million bucks.”

He added, “The organization will not pay the monetary contribution to the Interchanges and Media Commission, taking note of that the Iraqi legal executive committed the organization to pay $800 million to the Iraqi state.”

He brought up that “this organization doesn’t have entirely honest intentions.”

"RV UPDATE" BY WALKINGSTICK, 14 MAY

Walkingstick

Whether they float or not doesn't matter because at the onset they could if they wanted to come out with a very high exchange rate. But instead they will float because inside of the float they can control the rate with caps...For example they could come out at maybe $3 or $4 right away with controlled caps either way [Iraqi citizens] win and you and I win.

There is an explanation being given to all the people involved in the economic reform by Sudani and Alaq. In this explanation phase the information on the new lower notes and the information on the new exchange rate will be disclosed...

There will now be a slew of press conferences with all of the GOI, Kurdistan Barzani people, the CBI, the [CBI] board of directors, everyone of them standing, planning and supporting the reforms of Sudani...

The value of their currency is determined by the resources tapped and untapped. The futures of Iraq are astronomical. You have no idea, investor of the Iraqi dinar, what you have invested in.

Phosphates...sulfur...diamonds...gold...silver...oil, gas, all the mining companies are lining up and it's all these industries, they are the factors that will drive the dinar up internationally.

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.

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-walkingstick-8-may.html