DINAR REVALUATION

Saturday, November 2, 2024

Dinar Revaluation Shocking Forex Spike : Analysis from Pimpy @DINARREV...

In Cooperation With A Foreign Advisor.. A Parliamentary Committee Announces Its Efforts To Amend The Oil Ministry Law, 2 NOV

In Cooperation With A Foreign Advisor.. A Parliamentary Committee Announces Its Efforts To Amend The Oil Ministry Law

Economy | 01/11/2024 Mawazine News – Baghdad The Parliamentary Oil and Gas Committee announced today, Friday, a move to amend the Ministry of Oil Law 101 of 1976, while indicating that the draft will be presented to the Council of Ministers soon.

MP Basem Naghmish, a member of the Oil and Gas Committee, said: “A subcommittee was formed within the Oil and Gas Committee to review the legislation related to the oil sector, and it was called the “Oil Legislation Committee”.

He explained that “the committee is working to review several laws, with the aim of amending them to suit the current requirements of the oil sector”, indicating that “among these laws is the Oil Ministry Organization Law No. (101) of 1976, which is considered an old law that was amended about three times, the last of which was in 1982”.

He added that “the ministry witnessed many technological and administrative developments during the period after 2003, as the work of the Oil Ministry expanded and formations multiplied, in addition to the creation of some formations”.

He pointed out that “the draft to amend the law is still in the preparation phase, and cooperation is being done with a foreign consultant contracted with the ministry to provide his comments, and then the draft will be submitted to the Council of Ministers and to the advisors, and then to the State Council, in order to study the extent of its consistency with the legal system in the country”.

He continued: “After that, the draft will return to the Council of Ministers and then to House of Representatives to complete legislative procedures https://www.mawazin.net/Details.aspx?jimare=256263

"DINAR WILL LEAD THE WAY SUNDAY/MONDAY" BY MIKE BARA, 2 NOV

Fri. 1 Nov. 2024 Mike Bara

OK, so just when I was ready to give up on this thing happening before the e******n, I get this: “The US e******n will not change the timing. All countries and banks have signed the necessary treaties and are ready.

Dinar will lead the way on Sunday/Monday. Bonds/GCR on Tuesday.”

I guess they decided the chaos of the US e******n is actually the perfect cover. We will see, but hang in there!

Dinar Revaluation Update Tier4B Notifications are HERE FROM WOLVERINE @...

Lebanon seeks to extend heavy fuel oil agreement with Iraq, 2 NOV

Lebanon seeks to extend heavy fuel oil agreement with Iraq

Walid Fayad, the interim Minister of Energy and Water for Lebanon, stated in a press release that Iraq supports Lebanon in the energy sector and that he hopes the agreement will be extended for at least another year, bringing the total to two million tons, dinaropinions.com.

In July 2021, Lebanon and Iraq agreed to import one million tons of heavy fuel oil to assist Iraq in producing electricity to prevent blackouts.

On September 16, 2021, Lebanon received the initial 31,000-ton shipment of heavy fuel oil from Iraq.

Heavy fuel oil is a type of oil that comes from cracking and distilling petroleum and has a viscosity similar to tar.

TIDBIT FROM BRUCE, 2 NOV

Bruce

[via WiserNow]

We know that rates on the redemption center screen are populating, and that means they're going up, and we know that we have fixed rates on the bank screens.

The Redemption center screens are what we're going to work off of, and it's going to be,

I think the rates themselves will be so good, it'll blow us away - especially the contract rate on the Iraqi dinar. They should offer that to us, not at the banks, but only at the redemption centers.