"THEY'RE RELEASING A NEW EXCHANGE RATE" BY FIREFLY @DINARREVALUATION

 

Iraq confirms its commitment to the OPEC Plus agreement and the importance of balancing oil markets, 27 OCT

Iraq confirms its commitment to the OPEC Plus agreement and the importance of balancing oil markets

Prime Minister Mohammed Shia Al-Sudani received on Sunday the Minister of Oil, Mr. Hayyan Abdul Ghani Al-Sawad, in the presence of the Undersecretary of the Ministry of Oil for Distribution Affairs and confirmed Iraq’s commitment to the OPEC Plus agreement.

During the meeting, Al-Sudani referred to the government’s past plans in the growth of the oil and gas sectors, and the development of their projects within the government program, through licensing rounds in which the investment of many oil and gas fields was contracted, in addition to investing in associated gas projects, and oil derivatives production projects.
 
With regard to cooperation with the OPEC Plus Group, the importance of partnership with oil-producing countries was stressed; with the aim of maintaining the stability and balance of global oil markets, and Iraq’s commitment to what was agreed within the framework of the group, including voluntary reductions and compensation for the increase in production, according to the updated table provided by the Ministry of Oil to OPEC.

https://alforatnews.iq/news/العراق-يؤكد%C2%A0إلتزامه-باتفاق-أوبك-بلس-وأهمية-توازن-أسواق-النفط

TIDBITS FROM FNU LNU, 27 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

EXCERPTS FROM MARKZ : " Read between the lines" @DINARREVALUATION

 

‘No official authorization yet for dollar exchange services’, says Erbil Airport Director, 27 OCT

 ‘No official authorization yet for dollar exchange services’, says Erbil Airport Director

KurdistanErbil International AirportAhmed HoshyarEIA Director GeneralDollar ExchangeCentral Bank of IraqTBI

ERBIL (Kurdistan24) – Ahmed Hoshyar, Director General of Erbil International Airport, exclusively told Kurdistan24 on Sunday, that while the Central Bank of Iraq has approved Trade Bank of Iraq (TBI) to open a currency exchange office at the airport, “we have not received any official documentation authorizing the opening of any bank office or the sale of dollars at 132,000 dinars to travelers.”

Background on TBI Announcement

On Saturday, TBI announced plans to open dollar exchange centers at both Erbil and Sulaimani airports, offering 24/7 service.

The bank stated that travelers must pre-deposit Iraqi dinars at TBI branches in Mosul, Erbil, Sulaimani, or Duhok before accessing these services.

Current Policy Context

The Central Bank of Iraq initiated a program on July 14, 2024, allowing travelers to purchase dollars at Iraqi airports, though this service has not yet been implemented in Erbil or Sulaimani. Under the policy:

– Travelers over 18 can purchase up to $3,000

– Exchange rate: 132,000 dinars per $100

– 15,000 dinar service fee per transaction

– Restrictions apply for travel to countries under U.S. sanctions

Kurdistan24.net

EXCERPTS FROM MARKZ, 27 OCT

 EXCERPTS FROM MARKZ

Member: Hearing bonds being paid…?

Member: Wolverine said he knows of 7 whales were paid….fact!!

MZ: It’s possible that someone jumped the gun and they were paid by flippers to banks or countries but my contacts in Reno, Shanghai, Hong Kong and Zurich say they havn’t started paying bonds yet. 

MZ: There are so many rumors running around the bond market, the group market and the Indian nations that this could be the weekend. So much anticipation.  We need to stay calm. The entire world is in a state of flux for the next week or two. Buckle up and continue watching it play out.

MZ: The news is fantastic but, until you and I are at the banks it doesn’t mean a lot right now….except giving us warm fuzzies.

MZ: There is a tremendous amount of expectations from groups and bonds.

NADER FROM MID EAST:THE SPIKE ON FOREX: THE IQD LOST it's zero and it's .0014 instead of .0076