International Monetary: We Support Iraqi Reforms That Keep The Oil Market Away From Crises, 11 JUNE

 International Monetary: We Support Iraqi Reforms That Keep The Oil Market Away From Crises

Economy  Monday, June 10, 2024 10:05 AM  Follow-up/National News Center  The head of the International Monetary Fund mission in Iraq, Ghazi Shubaikat, said that the Fund supports Iraqi reforms that achieve financial sustainability, keeping Iraq away from any crises affecting the oil market, which Iraq relies on to cover its annual expenses, anticipating growth in the Iraqi economy during the coming years.

*What Does The Fund Expect For The Future Of The Iraqi Economy?

- The Fund expects growth in the Iraqi macroeconomy, in conjunction with the reforms adopted by the government with the aim of creating realistic solutions to all economic problems, and we sensed seriousness from the Iraqi government in the field of achieving economic reforms that strengthen the relationship with the Fund, and this encourages the strengthening of cooperation in a way that serves the Iraqi economy, which He suffers from chronic problems.

*How Does The Fund Support The Iraqi Economy And What Is The Support?

The International Monetary Fund supports Iraqi reforms that achieve financial sustainability, keeping Iraq away from any crises facing the oil market, which Iraq relies on to cover its annual expenses, especially since a country like Iraq needs large revenues to cover the needs of all sectors, and this needs to create Real financial sustainability through reviving the productive and service sectors and bringing the capital cycle into a local context.

*What Do You Advise Regarding Reducing Unemployment Rates?

Iraq must focus on the labor market and create advantages in the private sector equivalent to what it obtains in the public sector, so that employment can be directed to the private sector, which must be activated within limits commensurate with Iraq's economic capabilities .

*What Does The Iraqi Labor Market Need?

- It is necessary to work on training and qualifying human resources in all specializations in light of the presence of human wealth that can be employed in a way that serves Iraq, with the need to create skilled labor in all sectors and in a way that is consistent with the government’s reform policy.

*In Your Opinion, Where Are The Strengths In The Economy?

- The private sector represents an economic force that can overcome challenges and gradually advance the national economy. It addresses many problems, especially since Iraq can achieve a diversity of revenues from sectors, some of which are distinguished by achieving sustainable revenues.

*What About The Financial Sector?

Competitiveness in the financial sector can create a sound financial sector with advanced services and safe and transparent money paths that support the economy and the stages of development it seeks and works to achieve and reaches the most important goals of financial sustainability. https://nnciraq.com/257087/

"RV UPDATE" BY MARKZ & ANON, 11 JUNE

 MARKZ

• Mon. 10 June 2024 MarkZ: “Many of my Bond people are expecting payment Tues or Wed. 11,12 June. Most sources say we will go within three days of when the Bonds go.”
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• IRAQ NEWS ANALYSIS BY MARKZ

 “The United Nations development program has issued a 49 page report on investment opportunities in line with Iraq’s sustainable goals”  These are things to develop a very robust Iraq economy.  

 “The  UN sees progress in Iraq’s anti corruption  efforts and lists recommendations..”   The UN seems pretty happy with all the efforts you have made Iraq …here’s you “atta boy”...This is actually important to see all the sanctions going away and Iraq being free and clear to change values on the world stage.

 ... Sudani signed a cooperation agreement  with the trade bank of Iraq and the German export credit corporation.  If everybody thought nothing was going to happen in Iraq -then they would not be signing these extremely high level deals. You are watching them become a major player on the international stage. 

 I found this one encouraging. One of the things they are going to need to be taken seriously on the world stage is the value of their currency. Vietnam is also running into that problem right now. They need to revalue up.

...there is contention as to whether the president has signed it [the budget] yet or not...And attempts by Maliki to delay things. Don’t panic- they are not allowing a delay and will push forward with the printing of the budget…and execution. Maybe we will see the printed budget by Saturday now...I’m still hearing positive things for the 7th through the 9th.

https://dinarevaluation.blogspot.com/2024/06/rv-update-by-markz-7-june.html

ANON

• Sun. 9 June 2024 Anon: “We learned from our call this afternoon that the PM of Iraq has announced that Iraq has revalued their currency and the rate is over $4.00. 
• 
  
• We expect to be at the bank by Mon. or Tues. – which may be too early because we have to wait 10 days after they announced the HCL (on June 3) according to today’s info. (which would take it to Thurs. 13 June).”

Iraq Dinar-IQD Update-2024 Budget Dispurse-Legally Resolved-CBI- EU-IMF ...

"THE ONLY WAY IS TO RELEASE THE AGREED UPON EXCHANGE RATE!!!" BY FRANK26, 11 JUNE

 KTFA

FRANK26: "THE ONLY WAY IS TO RELEASE THE AGREED UPON EXCHANGE RATE!!!"..........F26

An economist identifies two ways for the dollar to approach the official Iraqi price

6/9/2024

Economic affairs researcher, Mahmoud Dagher, said that the decline in the exchange rates of the dollar against the dinar is currently temporary, while he identified two paths to reach the official price.

Dagher said, “The decline in the exchange rates of the dollar against the dinar in Iraq is temporary at the present time.”

He added, “Stabilizing the exchange rate towards the target requires a long time,” adding, “There is no information about sanctions for new banks, but the possibilities are possible.”

Dagher stressed, “The price of the dollar against the Iraqi dinar will reach the official price, once all Iraqi border crossings are controlled and unified fees are imposed. Otherwise, it will be difficult to stabilize the exchange rate.”

LINK

"RV UPDATE" BY WOLVERINE, 11 JUNE

Mon. 10 June 2024 Wolverine

 “Hi guys I received an official announcement from the Pentecostal group that they will be shutting down all operations by Thurs. 10 June. We are definitely close my friends.”

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Tues. 4 June Wolverine

 “Get ready everyone as we are about to reach this new World.”

• The “Bondholder” expects to be paid his commission tomorrow Wed. 5 June. Liquid Thursday 6 June.
• My friend Mauricio is having event in Mexico starting around June 8th, not that far off to celebrate this incredible blessing and also give people all the info they need for Nesara/Gesara. What does that mean? If he is having an event, it means IMO that he probably got paid or will get probably be paid before he goes to Mexico.  Having an event as big as that means something!
• I have been told by various sources that certain operations will start in Brazil today Tues 4 June, and hopefully will get this done by tomorrow Wed. 5 June. I am trying to see if that is happening and hopefully received that Green Light from Brazil.
• Tomorrow Wed. 5 June, I hear that Reno starts.  As you know, high bondholders are getting paid, some have been waiting now for 48 hours for their payment.  Everything is happening and I think this is the week we have been waiting for. 
• The Pentecostal group sent out a message that they are ready to get things started.  She must be careful as she has been targeted by unscrupulous people, but she has top lawyers to take care of this matter. She sent out an intel that she is basically ready to get this done. Her other leaders sent out an emotional message saying that “The time of waiting is over.  We are finally here!” This came from one of the top leaders in that platform.
• I am sure Bruce will have something. He has not been for the last two calls. Where is Bruce? I know he has gone blind. I am not sure what is going on with his vision.  If you can all pray for Bruce so he can get well, and hopefully get access to the Medbeds.  So all your intel providers: MarkZ can barely walk, Bruce can’t see, Wolverine can’t hear, and Charlie Ward with a certain illness, but we will not give up on you guys.
• If I get that Green Light from Brazil and all is flowing, then I will have an emergency live call to celebrate, as it will be the official start for us. Hopefully, Reno will start tomorrow Wed. 5 June. Just get ready and hopefully I will get that call through. Take care, Wolverine
• https://dinarevaluation.blogspot.com/2024/06/rv-update-by-wolverine-5-june.html

Iraqi dinar | Latest News Update | Iraqi Dinar News Today 2024 | dinar news

China displaces European companies from Iraq's energy sector, 11 JUNE

 China displaces European companies from Iraq's energy sector

The Iraqi government is setting increasing the country's oil reserves to more than 160 billion barrels, a strategic goal for the next stage, on a strong path to support its steps in terms of ongoing economic reforms, and support its ability to achieve sustainable development and improve its economic reality.

Iraq has high hopes for its crude oil exports, especially with the formation of more than 90 percent of the Iraqi budget revenues, which prompted it to launch a set of projects to increase production and open the way for investments in the field of oil and gas field exploration.

In this context, Chinese companies have emerged as a major player in the oil investment arena in Iraq, in contrast to the absence of American and European companies, through the acquisition of many new investments by a number of companies to explore oil and gas fields in Iraq, as part of the licensing round launched by the Ministry of Oil to develop the oil and gas sector in the country