RV UPDATE: IRAQ'S OIL MARKET STATUS BY GOLDILOCKS, 21 OCT

 GOLDILOCKS

Without Reforms, Iraq’s Oil Boom Could Turn to Bust

Iraq is very dependent on oil as revenue. This is why we are witnessing current banking reforms going into play to sustain their country going forward.

Efforts have been made in agriculture and metal markets to stabilize ongoing efforts to grow in capacities beyond oil markets. 

Oil modifications such as the article seen above will help Iraq transition into New Economic Developments.

 The revenue gained from the Oil Market will help Iraq move forward into new venues.

© Goldilocks

https://www.worldbank.org/en/news/press-release/2023/07/31/without-reforms-iraq-s-oil-boom-could-turn-to-bust

Dinar Revaluation Update: Payments Confirmed! BY JENTEL@DINARREVALUATION

Karbala Refinery Shutdown For Maintenance Cuts 40% Of Kerosene Supply, 21 OCT

 Karbala Refinery Shutdown For Maintenance Cuts 40% Of Kerosene Supply

Policy  2024-10-20   1,414 views   Sumerian News – Local  Confirmed Committee Oil and Gas Parliamentary Committee, today, Sunday, to stop Filtered Karbala Its maintenance led to a 40% cut in kerosene fuel supplies. Iraq.

A member said Committee Oil, Gas and Natural Resources in the Council Representatives Thank you very much, "Musfa"KarbalaIt witnessed a halt in maintenance work, which led to a 40 percent cut in the supply of kerosene, which is necessary for the operation of power plants. Electricity And electric generators, as well as operating several types of vehicles.

Al-Mashkoor stressed that “the government was forced to compensate for the shortage of kerosene and divert the available amount to power generation stations. ”electricity Considering it the most important in terms of serving citizens, stressing “the return of a large part of it, equipping fuel stations, and restoring things to their former state,” according to the newspaper. the morning Governmental.  LINK

TIDBITS FROM FNU LNU, 21 OCT

 Fnu Lnu

   Everything our attorneys and ancillary folks have told me has all been accurate so far.  Nothing has changed in all these years.

Fnu Lnu  

[Reference Guru Bruce post 10-14-2024 below.]

   Reminder...Redemption centers ARE BANKS. 

 They are bank offices designed to be off premises for the purpose of validating and verifying the IQD and accrediting your bank account with the exchange amount deposit. They are banks and you WILL NOT get better rates at a BANK EXCHANGE CENTER.  

  It is AGAINST the LAW to sell a financial instrument for different prices at different places. It is called "THE RULE OF ONE PRICE"...There are laws and they will be followed.

https://dinarevaluation.blogspot.com/2024/10/redemption-centers-are-banks-by-fnu-lnu.html

MILITIAMAN: THE PROGRESS IN ECONOMIC REFORMS FOR BOOST THE VALUE OF THE ...

Economist reveals the value of oil derivatives smuggled from Kurdistan to Türkiye, 21 OCT

 Today, Sunday, economic expert Rashid Al-Saadi revealed that the smuggling of large quantities of oil derivatives from the Kurdistan Region to Türkiye resulted in losses for Iraq totaling one billion and 500 million dollars.

Al-Saadi said in an explanation to , “The Oil Showcasing Organization (SOMO) forced a monetary fine on Turkey as remuneration to be paid to Iraq for the worth of the oil carried from the Kurdistan Locale to Turkey, adding up to one billion and 500 million bucks, yet Turkey is as yet postponing the most common way of paying the monetary sums due on it because of getting taken oil shipments from Iraq.”

“Imposing financial compensation on Türkiye came against the backdrop of the suspension of oil exports from Iraq to Ceyhan,” he added.

“Despite the fact that oil exports to Turkey are officially halted by the State Oil Marketing Company (SOMO),” Al-Saadi continued, “the halt in Iraqi oil exports to Turkey via the port of Ceyhan has revived the smuggling of oil derivatives from the Kurdistan Region to Turkey.”

“The smuggling of oil derivatives from the Kurdistan Region to Türkiye is large and has had a significant impact on Iraq’s oil imports,” he said.

TIDBIT FROM MARKZ, 21 OCT

MarkZ  

 [via PDK] 

  “Financial Advisor: Increasing iraq’s share in the International Monetary Fund is a step to enhance the stability of the dinar” 

  This is a big piece and now we are starting to feel that effect. 

It is increasing the stability and the prominence of Iraq.

 The dinar is becoming a “Special Drawing Rights “ (SDR) Currency …and recognized worldwide.