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Deputy: The gasoline crisis is on its way to being resolved, 25 MAY

Deputy: The gasoline crisis is on its way to being resolved

Friday, Representative Nour Nafi said that the problem with gasoline at gas stations is getting better.

“There has already been a crisis at gas stations in many governorates of the country during the past 48 hours, and the reason is related to the delay in the arrival of the tanker carrying imported gasoline to the southern ports for some time,” Nafie stated in an interview with

She added, “The circumstance has changed and the appropriation cycle has started. ” Fuel, alluding to gas, will be shipped off stations in the governorates as per the arrangement of the General Organization for the circulation of oil based commodities, expecting that the emergency is headed to being settled inside a brief period.

She called attention to that “Iraq is needing expanding its creation capacities of oil subsidiaries to fulfill the rising need and lessen the import bill.” Which conveys huge amounts of cash to the financial plan.

It is vital that Iraq imports a piece of its fuel needs from different nations through the southern ports, and from that point it is shipped in tanks for circulation in different governorates.

"RV UPDATE" BY MARKZ, 25 MAY

 MarkZ  

[via PDK]

  Question:  When do you think this RV plane will be landing?

   MarkZ:   Im afraid to say what I think because I am extremely upbeat and do not want to add to the difficult roller coaster we have been riding on.

-----

I have been in touch with a number of contractors …projects that were moth-balled and stalled now suddenly have funding in place...2 contractors in Iraq...believe they will see their rate...(about $3.90)...this week for their projects...I find this very interesting...Where is the money coming from to start these massive projects.  Their whole budget is about $162 Billion. 

But one contractor was told they are getting ready to start a $150 billion dollar project. Which means there is a lot more money moving than what we are seeing right now.

 Question:  What do you think the new rate for Iraq will be?  

 MarkZ:  I could be wrong but, I think the rate will start about $3.90 or so. But we are totally guessing.

We know that the budget has passed with $162 billion. It was $153 B last year...There is plenty in the news showing us it is passed…but I have yet to find where they are covering a budget shortfall with a rate...I was told to expect something within days of it being passed. 

 Comment:  Its interesting they are saying billions and not trillions for their budget totals.  They must have a rate hike? Right?

  MarkZ:  You are getting it. We are just trying to piece together “what is that rate?”

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-markz-22-may.html

Iraqi dinar | IQD Dinar Update 2024 | Iraqi Dinar News Today 2024 | dina...

Finance reveals the value of non-oil revenues in the 2024 budget tables, 25 MAY

Finance reveals the value of non-oil revenues in the 2024 budget tables

Individual from the Parliamentary Money Council, Delegate Mustafa Al-Karaawi, affirmed on Friday that non-oil incomes in the 2024 financial plan tables added up to 27 trillion dinars.

Al-Karawi said in a meeting with , “The Parliamentary Money Advisory group held an extended gathering after the 2024 spending plan plans showed up from the Administration of the Chamber, and two things were settled upon: taking on a serious plan for getting work done inside the council to finish the timetables and setting up a program of gatherings and facilitating those worried to continue with their fulfillment as fast as could really be expected.” maybe”.

He added, “Oil incomes in the 2024 financial plan tables added up to 27 trillion dinars, bringing up that there are a progression of notes recorded by the panel that will be examined straightforwardly with the Service of Money after an extended facilitating meeting before long.”

He brought up that “it is beyond the realm of possibilities to expect to mark the calendar to determine the spending plan plans, however the council consented to serious work to determine them straightaway.”

The Place of Delegates reported toward the finish of last week that it had gotten the 2024 financial plan plans and started inspecting them by the Parliamentary Money Advisory group.

"RV UPDATE" BY MILITIAMAN, 25 MAY

 Militia Man 

 If they go on the Forex system it's going to be international.  It's going to be fast and furious. 

 Could they do something within the county prior to that?  

Sure, why not, educate the citizens, do what they got to do...

 Question:   People want to know if they can drag this out until next year? 

 Militia Man: We don’t know the timing. But, I don’t think we are even close to go that long. There is way too much going on in the world and this is not only about Iraq. Remember all boats rise with the tide...I believe Iraq is ready to go with the rest of the world. Along with other countries like the Vietnamese dong. 

Are they going to change the value of their currency...? 

 I'm pretty sure they are going to need to to pay for all these [reconstruction] objects...rebar, the cement - all that stuff is expensive at 1310.  It's not so expensive if it's back at a 'previous era'....If they have the true value, their real effective exchange rate, it's going to be far cheaper...

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