Tuesday, June 4, 2024
Oil expert: Extending production restrictions aims to support oil prices, 4 JUNE
Oil expert: Extending production restrictions aims to support oil prices
On Monday, oil master Hamza Al-Jawahiri considered the choice of OPEC nations to broaden creation limitations and keep diminishing them for the rest of this current year to help costs and keep up with the cost of a barrel somewhere in the range of 85 and 90 bucks, while he approached the public authority to stop arrangements and grow the oil businesses to decrease the deficiency in the yearly spending plans.
Al-Jawahiri told “Iraq has focused on OPEC’s choices by proceeding with the choice to diminish oil creation with the other association’s nations, in spite of its interest that it not be remembered for the new decrease supported by the association for the finish of the ongoing year and one year from now 2025.”
He added, “The association’s choice to expand creation limitations for the rest of this current year and go on for one more year plans to help oil costs and keep up with the cost.”
It is vital that the gathering of OPEC In addition to nations in Riyadh yesterday, Sunday, gave an assertion, which “Data” surveyed, in which it affirmed the understanding of the 22 individuals to broaden the ongoing cuts in their oil creation for the rest of 2025 to help costs despite many elements of unsteadiness.
"RV UPDATE" BY FREEDOM FIGHTER, 4 JUNE
Freedom Fighter ©
🇮🇶Iraqi parliament approves the 2024 budget allocations and schedules.
💥As WE told you there would be NO rate change in it because its an Operational & Expense budget with a set rate of 1310 IQD for government expenses and that rate covers their expenses‼️
💥WE know where the NEW rate change will come from, continue to follow us ‼️
❌Be careful who ya follow and stay grounded in the facts WE share
💥CHECK IQD RATE FROM CBI
👇👇👇👇
https://cbi.iq/
https://shafaq.com/en/Iraq/Iraqi-Parliament-approves-2024-budget-key-allocations-for-social-welfare-education-and-agriculture
Law: Inequitability of the southern governorates in the budget will topple the government, 4 JUNE
Law: Inequitability of the southern governorates in the budget will topple the government
On Monday, the Province of Regulation alliance considered passing the overall government spending plan in its ongoing structure commensurate to proceeding with the unfairness of the focal and southern governorates, while focusing on that Washington arranged this situation to battle the focal and southern governorates.
In an interview with the, coalition leader Ibrahim Al-Sakini said, “All the hidden threats from the American administration and Ambassador Romanowski were clear during the previous period.” He also said, “Washington’s pressures on the current government became clear through the general budget for the year 2024.”
He proceeded, “All verifiable times have seen the foul play of the Shiite part in their locales by denying them of the merchandise gave by their governorates,” bringing up that “the shortfall of work and tasks in the southern and focal governorates is likewise an administration obligation.”
Al-Sakini closed his discourse: ” Proceeding to force American directs on the chief government will prompt its ruin during the approaching time frame,” taking note of that “Washington arranged this situation to battle the focal and southern governorates.”
Ali Al-Zubaidi, a member of the Al-Fatah Alliance, gave an interview to the Maalouma Agency in which he criticized “the unfairness imposed by the government in the general federal budget” and emphasized that the representatives of the central and southern governorates are required to lift the “red card” against the government’s reduction in financial allocations.
"RV UPDATE" BY SANDY INGRAM, 4 JUNE
Sandy Ingram
No one in the Middle East wants big daddy America to make Iraq wealthy. Oh, wait, Iraq is already wealthy. It's just a matter of maximizing, investing and building the infrastructure for long-term wealth...It's only a matter of time before Iraq opens the gates to massive success.
Last week marked a sensational milestone for the central bank of Iraq. In a stunning financial twist, foreign remittance sales skyrocketed by a whopping 90%, surpassing cash sales by over $252 million...The majority of these sales...were strategically utilized to bolster balances abroad through remittances and credits. By regulating the flow of foreign currency the central bank instills robust confidence managing Iraq's balance of payments.
A [Community member] wrote and then deleted the following comment in response to...the results of the emergency budget meeting, 'The rate is still 1310 for the next budget year. At least now everyone can shut down...until next year.' Sandy Ingram: No that is not true. Things are happening in the Middle East, and they are happening fast.
Several members of the UN Security Council including Russia and china...backed Baghdad's request for the world body's political mission in Iraq to shut down by next year. Washington did not immediately offer its support.
It is hard to believe Iraq did not have certain banking capabilities until now...We understand why my ex-husband a retired banker with the Federal Reserve Bank and his peers believed the dinar would not revalue. It appears until Iraq updated its banking system the country could not participate in the global financial platforms...----The bankers in the US never explained the reasons for their negative attitude towards the Iraqi dinar.
The IQD was not convertible to other currencies on global markets before the 2003 invasion...Rates, which were $3.21 IQD to 1 US dollar in July 2003 means little if the currency is not exchangeable on global markets...----People with education in economics say the Iraqi currency will be readily available for exchange in US banks...The question then becomes -
How long will it take US banks to recognize the currency after the initial increase in Iraq? Oh, you believe it will all happen on the same day?
We would hope so, however this is unlikely... Savvy investors may have to travel for the exchange rate...If Iraq says the IQD is worth 1 USD to Iraqi dinar will you wait for the United States to say the same thing or will you travel to a bank that says the Iraqi dinar value equals $1? ... We hope the naysayer are right and we can all walk into our banks in the United States and exchange our IQD bank notes for US dollars
https://dinarevaluation.blogspot.com/2024/05/rv-update-by-sandy-ingram-13-may.html
The World Bank is working with the Iraqi Finance Minister to implement banking reform as quickly as possible...things are happening fast.
Shocking documents from Iraq's Federal Board of Supreme Audit have uncovered a massive corruption scheme. Over 151,000 citizens were involved in the illicit buying of US currency...[They] obtained dollars at the official state rate for travel purposes but never left the country. The black market refers to them as "ghost travelers".
[We] are thinking the Iraqis sold the dollars for more money than they invested. As a result of the corruption Iraq's Central Bank employees, private banks, currency exchange companies and tourism firms were all involved. This is a $600 million corruption scam involving the US dollar...
When in Washington, DC he [Al-Sudani] met with the chair of the governing board of the JP Morgan Development Finance Institution (DFI), Daniel Zelikow. Prime Minister Al-Sudani received Mr. Jamie Dimon, the CEO of JPMorgan Chase, and his accompanying delegation on Wednesday during his visit...In Davos, Iraqi Prim Minister al-Sudani with Mr. Khaled Haballah, the regional CEO of JPMorgan Chase for the Middle East and North Africa...
Al-Sudani met with the Iraqi community in Washington DC and other American states on the sidelines of his official visit to the United States. Al-Sudani conveyed gratitude to the Iraqi communities in the US and throughout the world, emphasizing that Iraq is for all Iraqis and that the country needs the knowledge, experiences, opportunities and initiatives of Iraqis in the U.S.
The prime minister indicated the Iraqi government is working on establishing a department for expatriate affairs to be able to communicate effectively with the Iraqi community around the world...
On April 15th President Joe Biden will hold Prime Minister Al-Sudani of Iraq at the White House. This meeting is a crucial opportunity for the United States and Iraq to discuss common priorities and strengthen their bilateral partnership.
https://dinarevaluation.blogspot.com/2024/04/rv-update-by-sandy-ingram-17-april.html
Al-Sudani met with the Iraqi community in Washington DC and other American states on the sidelines of his official visit to the United States. Al-Sudani conveyed gratitude to the Iraqi communities in the US and throughout the world, emphasizing that Iraq is for all Iraqis and that the country needs the knowledge, experiences, opportunities and initiatives of Iraqis in the U.S.
The prime minister indicated the Iraqi government is working on establishing a department for expatriate affairs to be able to communicate effectively with the Iraqi community around the world...
On April 15th President Joe Biden will hold Prime Minister Al-Sudani of Iraq at the White House. This meeting is a crucial opportunity for the United States and Iraq to discuss common priorities and strengthen their bilateral partnership.
https://dinarevaluation.blogspot.com/2024/04/rv-update-by-sandy-ingram-17-april.html
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...
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