Saturday, June 29, 2024
The Oil Parliament comments on the failure of the producing provinces to receive petrodollar dues, 29 JUNE
The Oil Parliament comments on the failure of the producing provinces to receive petrodollar dues
Individual from the Parliamentary Oil and Regular Assets Board, Basem Al-Gharibawi, affirmed today, Friday, that the oil-creating territories have not yet accepted their petrodollar levy, regardless of the ascent in oil costs to more than the figure determined in the financial plan.
“The petrodollar dues are still in the hands of the government, and the governorates have not received their money even though they are due to be paid to the governorates producing oil,” Al-Gharibawi stated.
“Parliament has fixed petrodollar dues in this year’s budget, noting that oil prices have not fallen below $81 per barrel,” he went on to say, “it is assumed that the price difference specified in the budget will be distributed as dues to the oil-producing provinces.”
“The remaining 30 percent must be distributed to the oil-producing governorates, as the government still owes many amounts that must be paid as petrodollar dues,” he stated. “70 percent of the difference in the price of a barrel of oil recorded in the budget goes to filling the deficit.”
"SUMMARY OF RV UPDATES" BY FRANK26, 28 JUNE
Frank26
What sense would it make for Iraq to join, at a program rate, the WTO? It makes no sense. The Vietnamese dong it's in the WTO but...they are totally different. They deal with China and they have undervalued currency. Vietnam is a totally different scenario. Going into the WTO at a program rate is ridiculous...Everything is waiting for the new exchange rate so everything will make sense...
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💢 Latest from Frank 26 ~ Iraq IQD NEWS 6.26.24
FRANK26: AL SUDANI (IRAQ PRIME MINISTRY) and his team go to the US treasury and deliver the monetary reforms that Sudani is going to implement for RV and RI of the IQD.
That is the reason why they are reforming the banking sector, which will increase the value of the Iraqi dinar.
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💢 Latest from Frank ~ 6.19.24
Frank: [The new ATMs] are everywhere now. It's not hundreds, it's not thousands, it's tens of thousands of them. They are everywhere that an Iraqi citizen can walk to. They are at their hookahs...mosques, barber shops...street..banks...corners, they're everywhere...There's going to be a massive rush going into the banks.
Ginger's "Gintel" - audio message https://t.me/c/1553385444/54186
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Iraq is preparing to establish a project that will change the oil map.. Will it affect energy producers?"
If you change the oil map, you change the exchange rate/the value of the currency of Iraq.
Quote: "Iraq's financial budget for the current year included the new pipeline project at an amount estimated at approximately 6.5 billion Iraqi dinars ($4.9 billion)"
I don't need to go any further than that...1.32 is what the citizens of Iraq are potentially in a position to receive. This article proves that there's a different rate in the budget...
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The investment law is being passed. You'll see it very soon. They have no choice. Sudani is extremely happy about it because that's how you're going to be able to get these new contract with the new exchange rate.
What is the time of the float? ...I want to watch the float. I want to calculate exactly just when I want to go ahead and exchange the rest of my dinar. Here's the problem. In the same manner they are giving [Firefly/Iraq citizens] a specific amount of time to turn them in, they will give us a specific amount of time to turn them in.
Did you see...Iraq and Kuwait are now linking with their fiber optics? This is extremely important part of the monetary reform...They know it's no longer a secret what is happening with the exchange rate of the Iraqi dinar.
Things are going perfect. Everything is moving with such perfection that no one can do anything about this right now.
How much time will they [Iraqi citizens] have to trade in 3 zero notes?
[Boot's on the ground Firefly's bank friend] told Firefly you're going to be given a short amount of time to exchange your Iraqi dinar. This is the very first time ever that we have information from a very good source [saying] you're going to have a specific amount of time to trade in your 3 zero notes.
https://dinarevaluation.blogspot.com/2024/06/rv-update-by-frank26-15-june.html
Iraq forms committee to address UN report on executions, 29 JUNE
Iraq forms committee to address UN report on executions
Shafaq News/ Iraq's government said on Friday it has formed a committee to respond to a United Nations human rights report on the country's use of the death penalty.
"The Iraqi government has reviewed the report of the UN human rights commissioner and is committed to upholding human rights principles," said Iraqi government spokesman Basem al-Awwadi. "The committee will clarify all aspects related to the information in the report and ensure transparency in legal procedures."
The committee will comprise representatives from the Ministry of Justice, the Prime Minister's office, the Foreign Ministry, and the judiciary, including a member from the Parliamentary Human Rights Committee in an observer role.
In April, Amnesty International said at least 13 men were put to death on 22 April in Nasiriyah Central Prison, in the southern governorate of Dhi Qar, following their conviction on overly broad and vague terrorism charges.
Out of the men executed on 22 April, 11 were convicted based on their affiliation to the so-called Islamic State (ISIS) armed group.
Nasiriyah prison is the only prison in Iraq that carries out executions. Commonly referred to as "al-Hout" or "the whale" by Iraqis for "swallowing people up and never spitting them out," according to HRW, it has carried out mass executions in the past. In 2017, 41 and 38 people respectively were executed less than three months apart. Currently, 8,000 prisoners are reported to be on death row in Iraq, with the majority facing terrorism charges.
Friday, June 28, 2024
"RV UPDATE" BY MNT GOAT, 29 JUNE
Mnt Goat
...it is nearing the end of June already...Recently we witnessed a surge of news from many of the prominent global entities including the UN, World Bank, IMF and the EU. All of them praising Iraq and giving “kudos” to them for the hard work and achievements. Today is not different as the articles once again tell the RV spigot is wide open to the RV.
Article: "DOZENS OF IRAQI COMPANIES PARTICIPATE IN AN INVESTMENT SUMMIT IN AMERICA" ...in the past years I said – What is the US waiting for?
Why have they not yet invested the US companies in Iraq? There is billions to make over there. – Well the spigot had to be opened first and now it's opened. The spigot analogy means that the sanctions are over, war reparations paid and now they can do business easily with the rest of the world. But as you know with Iraq nothing happens overnight and so it took a year and a half to open the spigot but now it’s opened up wide.
So as investors where do we stand with the RV?
Based on this information from my Saturday call to Iraq, I will summarize it for you. We are still waiting for the US to give assurances. The project to delete the zeros was scheduled for June and we will still have a week remaining in June. This is all I know and can tell everyone at this point. But don’t go off too excited and forget all the other information my contact just told us either. You must put everything into its proper ..FOR READ MORE: https://dinarevaluation.blogspot.com/2024/06/so-as-investors-where-do-we-stand-with.html
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