"RV UPDATE" BY PIMPY, 27 MAY

 Pimpy 

 Iraq was already a member of the World Trade Organization.  They are going through the ascension process for a second time.  That's because all the rules, regulations, understandings and business practices...changed once the fall of Saddam Hussein.  Now we have to make sure all their practices, rules and regulations regarding trade line up once again with the World Trade Organization.  Iraq has been a member of the World Trade Organization since 2004.  This is their second time throughout the ascension process...

There's this misconception that the World Bank, IMF and the BIS get to tell countries what to do.  They don't...They facilitate.  They make recommendations but they don't control a country's bank...

Another budget is getting ready to come and go and there is no talk of the rate change.  Isn't that what they told you?  It would be in the new budget because there was no way for them to do large projects, there was no way for them to move forward without an exchange rate change...Why so secret now?  Is this one of those things they're trying to keep from the people?  

They didn't keep it from the people last time [they increased the value] and there's no mention of it this time...Keep your fingers crossed, it hasn't passed yet so maybe they'll change it between now and the time they pass it...You guys know what I think.

 Floating the currency means the value is determined by the market, so if people for whatever reason want to start investing in the Iraqi dinar and the start buying up the Iraqi dinar that means the demand for it is there, think supply and demand. 

 Since they have a liquidity issue, there's not going to have a lot of Iraqi dinar out there and if that's the case then they don't have the supply to feed the demand...But we'll be more than happy to sell our Iraqi dinar back to them if they get the exchange rate up around a quarter or more. I know I would.

https://dinarevaluation.blogspot.com/2024/05/rv-update-by-pimpy-24-may.html

Iraqi dinar | Investors Confidence Boost | Iraqi Dinar News Today 2024 |...

Oil Expert: Iraq Is Capable Of Producing 5 Million And 700 Thousand Barrels Per Day,27 MAY

 Oil Expert: Iraq Is Capable Of Producing 5 Million And 700 Thousand Barrels Per Day

 Time: 05/25/2024 18:38:18 Read: 1,261 times    {Economic: Al-Furat News} The oil expert, Hamza Al-Jawahiri, confirmed today, Saturday, Iraq’s ability to produce 5 million and 700 thousand barrels per day after working on 18 or more oil fields.

 Al-Jawahiri said {to Al-Furat News} that:

“There was an increase in Iraq’s oil production, which does not mean that it will be pumped to the markets or produced because it is committed to OPEC’s decisions.”  He added,

"Iraq currently has a production capacity of one million and 500 thousand barrels that can be added due to the work being done on 18 or more oil fields, and

it can raise its production from 4 million and 200 thousand barrels of oil per day to 5 million and 700 thousand barrels per day."

Al-Jawahiri added,  "With regard to the issue of gas production, we find seriousness from the government towards this matter and we hope for its success, if work continues at this pace."

The Minister of Oil, Hayan Abdul Ghani, announced in his speech during the launching ceremony of the fifth supplementary licensing round and the sixth round, that 29 promising projects were proposed within these licenses to advance industry and gas wealth.  He explained that

 the licensing rounds have an impact by adding two million barrels of oil to national production, while stressing  the imminent announcement that Iraq's oil reserves will rise to 160 billion barrels.  

 https://alforatnews.iq/news/خبير-نفطي-العراق-قادر-على-إنتاج-5-ملايين-و700-الف-برميل-يومياً  

"QFS CONVERSATION " WITH GOLDILOCKS, 27 MAY

 GOLDILOCKS

There is currently a lot of cash building in the markets from traders who are building their portfolios in Gold backed ETFs and the mining sectors of the market.

Cash building in gold is the current trend for Professional Traders and the Retail Market. It gives an investor collateral for the trades he or she would like to make, and even, investments made outside of the marketplace. 

It is becoming increasingly clear that the sentiment for the Retail Market is over the counter products in physical gold.

The growing popularity for cryptocurrency over Fiat money is beginning to gain traction as institutional money is moving their assets around on the Traditional Market in preference for new digital assets onboarding to the new digital asset based trading system. 

The purchasing of Tokenized Assets is a ground floor opportunity and big money is piling into the fray being pulled from two directions right now on the opportunities the market provides. 

Currently, we have Bitcoin and Ethereum ETFs. These digital asset opportunities are considered commodities, and big money is placing their bets on their success. 

The first one is a storehouse of value and the second transacts Market values through Smart Contracts. Look for Ripple ETF to join in the mix soon to provide a Payment Network to move Bitcoin and Ethereum opportunities across all sectors of the market as a liquidity coin.

When the QFS is clearly established with regulations and laws to govern the new digital system, the trend toward OTC products is likely to reverse as consumers begin to realize we are back on a Gold Standard with a set of Digital Protocols on assets and stablecoins that shows a consistency toward potential for growth.

Gold will set us free.

© Goldilocks 

https://www.kitco.com/news/article/2024-05-22/signs-global-gold-standard-gaining-traction-steve-forbes?utm_campaign=Newsletter%20-%20May%2024%2C%202024&utm_content=Reshaping%20the%20global%20gold%20market&utm_medium=email&utm_source=kitco 

https://coinpedia.org/news/why-xrp-etf-approval-could-be-imminent/ 

https://www.reuters.com/technology/us-sec-approves-exchange-applications-list-spot-ether-etfs-2024-05-23/

https://www.cftc.gov/LearnAndProtect/AdvisoriesAndArticles/BitcoinFuturesETF.html#:~:text=A%20bitcoin%20futures%20exchange%2Dtraded,acts%20as%20a%20commodity%20pool. 

https://www.kitco.com/news/article/2024-05-24/gold-has-new-momentum-its-utility-grows-global-trade-franklin-templetons?utm_campaign=Newsletter%20-%20May%2024%2C%202024&utm_content=Reshaping%20the%20global%20gold%20market&utm_medium=email&utm_source=kitco

🔥 Iraqi Dinar 🔥 Happen Tomorrow 🔥 News Guru Intel Update Value IQD Excha...

Iraqi group spokesman says a "shared command center" runs multinational operations against Israel, 27 MAY

 Iraqi group spokesman says a "shared command center" runs multinational operations against Israel

Shafaq News/ A spokesperson for an Iraqi paramilitary group on Sunday said a "joint command center" organizes and coordinates attacks from different countries against Israel. 

After more than seven months of war in Gaza, the mediators have struggled to secure a breakthrough, with Israel seeking the release of hostages held by Hamas and Hamas seeking an end to the war and a release of Palestinian prisoners in Israel.

Israel began the operation in response to Hamas-led militants attacking communities near Gaza on Oct. 7, killing around 1,200 and seizing more than 250 hostages, according to Israeli tallies. Nearly 36,000 Palestinians have been killed in Israel's offensive. 

Leaders of Iran-backed paramilitary groups gathered in Tehran last Thursday to discuss ongoing strategies against Israel, amid escalating tensions in the Gaza Strip. The meeting, which took place three days prior, was confirmed by Hussein al-Mousawi, spokesperson for the Iraqi armed group Harakat Hezbollah al-Nujaba in a statement to Shafaq News Agency.

Al-Mousawi said that the assembly, involving factions from Palestine, Lebanon, Yemen, and Iraq, was not initially intended to focus on a specific agenda but occurred alongside the memorial service for Iranian President Ebrahim Raisi, who died in a helicopter crash in northwestern Iran.

"The coordination among these factions has been at a high level since the beginning of al-Aqsa Flood operation," said al-Mousawi. "Decisions are made based on two approaches: individual tactical assessments by each faction and a unified stance against Israel."

The meeting saw the presence of high-profile figures, including General Hossein Salami, Commander of Iran's Islamic Revolutionary Guard Corps (IRGC), and General Esmail Qaani, head of the IRGC's elite Quds Force. Among the attendees were Naim Qassem, Deputy Secretary-General of Lebanon's powerful group, Hezbollah; Ismail Haniyeh, Qatar-based Chief of Hamas' Political Bureau; and Mohammed Abdul Salam, a representative of Yemen's Houthi movement. Representatives from other Palestinian factions such as the Islamic Jihad and the Popular Front for the Liberation of Palestine also participated.

Iran's Tasnim News Agency reported that the meeting touched on the latest developments in Gaza, affirming a commitment "to continue escalation until achieving victory". 

The leaders, according to al-Mousawi, laid emphasis on "daily communication and operational coordination" through "a shared command center involving factions from multiple countries." 

The meeting, he said, reiterated a "collective resolve" to maintain military pressure on Israel, reflecting a broader strategy across the region's "resistance axis" to support the Palestinian resistance groups in Gaza.

"RV UPDATE" BY POMPEYPETER, 27 MAY

 PompeyPeter  

The contracts are done in the country they're done with.  If contracts are being done with Italy, France, Germany, they're in Euros.  Great Britain, they're in pounds.  U.S. obviously dollars...When the rate changes that's when the Iqd rate to the equivalence of the local currency becomes relevant.  In other words, they're not going to be paid at 1310.

  If for one second the new rate had been shown the Council of Ministers, the parliamentary Finance Committee or the House of Representatives we would have heard them singing and dancing and cheering from Iraq.  We certainly would have seen it from the CBI first.  

 What happened then?

  ...As they've said, the amendments were viewed and passed by the Council of Ministers, the amendments of the 2024 budget were then passed to HOR via the Parliamentary Finance Committee...We definitely know the rate hasn't been exposed.