DINAR REVALUATION

Tuesday, October 8, 2024

Iraq in talks with OPEC to make Muthanna an oil exporter by 2025, 8 OCT

Shafaq News/ Discussions are underway between Iraq and OPEC to include the Muthanna among the oil-producing and exporting governorates in the coming years, Ihsan Abu Jaila, head of the Reconstruction and Strategic Planning Committee in the Muthanna Provincial Council announced on Tuesday.

Abu Jaila stated, “The Abu Khema oil field, discovered in 1975, is near the Iraqi-Saudi border and covers 1,809 square kilometers with one well,” adding, “The companies that applied for the licensing include the Chinese firms Zhenhua and Geo Jade."

“More than eight wells have been explored by the Ministry of Oil in the Eridu field in Al-Duraji district, drilled by the Bohai and ZPEC companies,” he said, pointing out that several wells, namely Salman 1, Salman 2, and Salman 3, have been discovered in Block 12 in Al-Salman district.

The committee head further confirmed that coordination will occur between the Ministry of Oil and OPEC to enable the Muthanna to export oil by 2025, revealing that “the oil reserves in the Eridu field are estimated to be between 8 to 10 billion cubic meters.”

Iraq, OPEC's second-largest producer, relies on oil exports for more than 92% of its state budget, exporting 60% of its crude oil to Asia, 25% to Europe, and 15% to the US.

IRAN CALLS ON THE WORLD NOT TO BOMB HIS COUNTRY ..BY MAJEED KSA, 8 OCT

MAJEED KSA

Iranian Crown Prince Reza Pahlavi calls on the world not to bomb his country and declares his readiness to cooperate to overthrow Khamenei peacefully and that he has a ready team inside Iran and that he will make peace with the countries of the region.

Quote
تمرة • tmrrah
@tmrrah9
·
5h
#تمرة|| قبل قليل:

ولي العهد الايراني الامير رضا بهلوي يطالب العالم بعدم قصف بلاده و يعلن استعداده للتعاون للإطاحة بخامنئي سلمياً وان لديه فريق مستعد بالداخل الايراني وان سيصنع السلام مع دول المنطقة
3:58 PM · Oct 7, 2024
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7,751
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🚨 Breaking News: U.S. Greenlights Iraq's International Status! 💵

Iraq introduces new Euro-Based Transfer Mechanism, 8 OCT

Ali Mohsen Al-Alaq, Governor of the Central Bank of Iraq (CBI), met with Turkish Ambassador Anil Bora Inan and representatives of Turkish banks in Iraq to talk about a new way to transfer money.

The new system, which works in euros and is done through Turkish banks, aims to make trade-related transactions easier and faster. In order to meet regulatory requirements, Turkish banks expressed their readiness to adhere to the new system and work with international auditing firms.

Ambassador Inan praised the Central Bank’s efforts to manage the shift and improve coordination to make cross-border financial transactions easier.

RV UPDATE BY MNT GOAT, 8 OCT

Mnt Goat

...the dinar is not going to change in value IN THE COUNTRY OF IRAQ as a result of the project to delete the zeros...No one in Iraq is going to get rich off this swap out...

So when we exchange, OUTSIDE of Iraq, we exchange our dinar we will get the rate of exchange for our OWN COUNTRY according to the exchange rate...The banks are going to be VERY strict on this.

Prime Minister Mohammed Shia al-Sudani confirmed from New York that the currency sale window will close at the end of this year, while revealing the government’s intention to establish a new bank that adopts the latest technologies.

WOW! WOW! We have been waiting for this for decades. Now it Is reality. Finally!!

EXCERPTS FROM MNT GOAT

This video below is a typical news station interviewing economists on the subject matter. But we must ask ourselves WHY and WHY NOW all this talk about the project to delete the zeros in the news.

Is the country of Iraq telling the people this will happen shortly?

Is this why all this news about it? Of course, the answers to all these questions is a Big Fat YES! What the hell else have I been telling you now for weeks? Even since June?

https://dinarevaluation.blogspot.com/2024/10/excerpts-from-mnt-goat-why-now-all-this_0222813437.html