"THE HCL IS DONE SINCE OCT 22", 16 NOV

DINAR REVALUATION REPORT UPDATE

We have Been telling all of the world

The HCL IS DONE since OCT 22, and it became law Nov5, now here’s your proof HCL IS DONE

 

Baghdad Discusses Resuming Oil Exports from Iraqi Kurdistan

By John Lee.

Iraq's Minister of Oil, Hayan Abdul-Ghani, has met with members of the Parliamentary Finance Committee, led by Chairman Atwan Al-Atwani, to discuss resuming oil exports from the Kurdistan region via the Iraq-Turkey Pipeline (ITP) and the Turkish port of Ceyhan.

The meeting focused on strengthening cooperation between the Ministry of Oil and Kurdistan, and implementing the Cabinet's decision to transfer regional oil production to Iraq's State Oil Marketing Organization (SOMO).

According to the Oil Ministry statement, revenues will be placed in a special account, with deductions for production costs. Within 60 days, a jointly approved consultant will reassess production costs, and revenues will flow to the federal budget. It said both federal and regional authorities aim to align production contracts with the constitution, marking a transitional phase until legal adjustments are completed.

The Iraqi Cabinet last week approved an amendment to the Budget Law, compensating the Kurdistan Regional Government (KRG) for production and transportation costs of oil produced in the region and received by the State Oil Marketing Organization (SOMO) or the Federal Ministry of Oil. It said the Federal Ministry of Finance will compensate these costs in advance at a rate of $16 per barrel.

Last night (Wednesday), the Association of the Petroleum Industry of Kurdistan (APIKUR) said its member companies welcome the Iraqi Parliament's proposal to amend Article 12 of the Budget Law and believe that there could be sufficient scope in the current wording to cover our previous requests related to commercial terms and surety of payment for past and future exports via the Iraq-Türkiye Pipeline. It addeed :

"We remain ready to engage in productive discussions with Government of Iraq and Kurdistan Regional Government officials to clarify key details and finalize written agreements prior to resuming oil exports through the ITP. We agree with Iraqi Prime Minister Sudani @mohamedshia and KRG Prime Minister Barzani @masrourbarzani that the resumption of oil exports through the ITP benefits all of the people of Iraq."

(Sources: Ministry of Oil, APIKUR)

THEIR MONEY CAN MOVE IN AND OUT OF THEIR COUNTRY NOW FREELY BY FIREFLY @DINARREVALUATION

 

Sudanese advisor indicates an increase in the Central Bank's foreign exchange reserves, 16 NOV

  Sudanese advisor indicates an increase in the Central Bank's foreign exchange reserves

The Prime Minister's Financial Policy Advisor, Mazhar Mohammed Salih, confirmed today, Wednesday, the increase in the accumulation of foreign reserves of the Central Bank of Iraq.

Saleh said in an interview with Al-Maalouma Agency, “There is a direct correlation between the current account surplus of the Iraqi balance of payments and the development of the foreign reserves of the Central Bank of Iraq.”

He explained that "as long as there is a surplus in the current account of the balance of payments that has been achieved during the current year, which is positively indicated by the accumulation of the foreign reserves of the Central Bank of Iraq during 2021, with a change rate towards an increase of more than 20% compared to the levels of 2020.”

He pointed out that "foreign currency coverage of the Iraqi dinar has increased and is approaching matching its coverage of the basic currency."

He added that "the monetary policy of the Central Bank of Iraq enjoys the availability of a strong foreign reserve tool that can maintain the purchasing power of the Iraqi dinar and confront inflationary expectations with high and comfortable capacity through the power of intervention in imposing stability in the exchange market through open market operations practiced by the monetary authority to achieve the operational goals of monetary policy with ease and flexibility.”   link

DINAR REVALUATION REPORT: INTERNATIONAL WEEKLY SHIPPING SERVICES COMING TO IRAQ!!!, 16 NOV

 International weekly Shipping Services Coming to Iraq Nov 15

New Weekly Shipping Service between UAE and Iraq

By John Lee.

Singapore-based Pacific International Lines (PIL) is launching a new weekly feeder service between Jebel Ali in UAE and Umm Qasr in Iraq, with the aim of strengthening its coverage and connectivity in the Middle East.

Known as the Iraq Feeder Service (IQF), the company says the new route will complement PIL's flagship Middle East service -- Gulf China Service (GCS).

The IQF service will commence on 15th November 2024 from Jebel Ali with PIL's vessel, Kota Handal.

Service Features:

The ports of call for the IQF service are: Jebel Ali - Umm Qasr - Jebel Ali

Frequency: Weekly sailing

Transit Time:  2 days (Jebel Ali - Umm Qasr)

(Source: Pacific International Lines)

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Will Iraq be the savior of the countries of the region if oil prices fall?, 16 NOV

   Will Iraq be the savior of the countries of the region if oil prices fall?

Economic expert Safwan Qusay spoke about Iraq’s ability to confront the decline in global oil prices, pointing out that leaving the single economy and focusing on non-oil imports has become a necessity to restore the Iraqi economy. 

Qusay said, "If oil prices rise by a hundred dollars, it is possible that the quantities that were voluntarily reduced by OPEC will be re-pumped, noting that "there are no less than two million two hundred thousand barrels that have been voluntarily reduced." 

He added, "It is not in the interest of oil producers to raise oil prices above $100 because that will support investments in shale oil, indicating that the producing countries are trying to control the price between $70 and $100."

Qusay explained that "Iraq is able to confront the decline in oil prices, knowing that there is no decline in prices below seventy dollars because OPEC is the one that determines the quantities of production and is determined to remain within the region of 70-100 dollars per barrel." 

He added, "The surplus that accumulated during the previous period of this year, in which Iraq sold at no less than $80 per barrel, enables Iraq to confront price changes."

He pointed out that "Iraq has begun to diversify its economy by investing in oil derivatives and stopping the burning of associated gas, in addition to stopping the import of materials that could be included in the ration card, noting that "the government has opportunities in the matter of sustainable financing through the reserves of the Central Bank or through the sale of oil shares if revenues fail to reach their goals."  link

TIDBIT FROM BRUCE, 16 NOV

 Bruce

 A Redemption Center person was told that within the next three days they would get an announcement from the US Treasury.

 Then the Redemption Center Leaders would receive an email from Wells Fargo which would give them the start time for Tier4b (us, the Internet Group).