DINAR REVALUATION

Saturday, December 21, 2024

Oil: The Proportion Of Associated Gas Investment Increased To 70%, 21 DEC

Oil: The Proportion Of Associated Gas Investment Increased To 70%

Economy The Ministry of Oil announced today, Thursday, that the percentage of associated gas investment has increased to 70%. A statement from the ministry - received by the Iraqi News Agency (INA) - stated that “in implementation of the government program and the directives of the Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani, the Undersecretary for Gas Affairs, Izzat Saber Ismail, chaired the leadership meeting for gas projects, in the presence of the general directors of the relevant oil companies and departments.”

During the meeting, the agent pointed out the achievements that have been achieved in the associated gas investment sector, which will reach 70% by the end of this year. The agent stressed,

“The government and the ministry, through the directives of Deputy Prime Minister for Energy Affairs and Oil Minister Hayan Abdul Ghani, are keen to raise gas investment rates in a way that contributes to providing fuel for electric power generation plants and supporting the national economy.”

The agent added, “The Ministry has also achieved an achievement in the field of production, storage, and export of liquid gas, as well as increasing gas supply outlets for vehicles, due to the high numbers to which gas systems have been added,” noting,

“The number of technical workshops has also increased to raise the level of services provided to citizens.”".

The statement continued, "During the meeting, the projects implemented by the Ministry to raise associated gas investment rates were reviewed, as well as projects implemented to develop gas fields, to support the energy and industry sector in the country." https://www.ina.iq/224007--70.html

BANK STORY, 21 DEC

From a friend in SoCal: 12/20/24

Went to WFB while I had in hand (One Note) 500,000VND asking for them to exchange it for me…….

Bank manager had HUGE SMILE on her face and flat out told me give it a few more days and get an appt to exchange it, you will be very-happy and if you have any Dinar bring that too….

When you come back she confirmed that WFB is the lead bank and that they simply await treasury GO approval that is supposed to be coming in days.

IRAQ IS PREPARING TO THE INTERNATIONAL MARKET INTEGRATION & INCREASE THE VALUE OF THE IRAQI DINAR

The Central Bank Of Iraq Challenges The Dollar With New Currencies!, 21 DEC

The Central Bank Of Iraq Challenges The Dollar With New Currencies!

December 19, 2024 Last updated: December 19, 2024 Independent/- In a new step that reflects its approach to strengthening Iraq’s role in the global economy, the Central Bank of Iraq announced the expansion of external transfer channels for local banks to include new currencies.

According to the statement issued today, the Jordanian dinar and the Saudi riyal were added to the list of permitted currencies, in addition to allowing the use of the euro to finance trade with Türkiye after it was limited to European Union countries.

This step comes in addition to currencies previously used, such as the US dollar, UAE dirham, Chinese yuan, and Indian rupee.

The Central Bank stressed that this expansion aims to provide broader options for local banks and enable them to meet the needs of foreign trade at official transfer rates.

The objectives of the step and its economic consequences

According to the statement, this step aims to achieve streamlined financial transfers and the involvement of a larger number of Iraqi banks in external transfer operations.

It also seeks to enhance economic cooperation between Iraq and other countries, which contributes to diversifying economic and trade channels and strengthening relations with international partners.

The Central Bank explained that the smooth transition that took place during 2024 from using the electronic platform to approved correspondent banks contributed significantly to improving banking operations.

This move was widely praised as a fundamental shift in line with international standards.

Expanding the economic horizon

This announcement comes as the Central Bank seeks to expand the horizons of economic cooperation between Iraq, neighboring countries and the world.

The addition of new currencies reflects a deep understanding of the market needs and Iraq's dealings with various countries.

These expansions would support Iraq's ability to

enhance the role of its banking sector in international trade, and
increase global confidence in the Iraqi banking system.

Towards a modern banking system

Thanks to this step, the Central Bank of Iraq continues its efforts to develop the local banking system in line with modern banking practices.

It is expected that these expansions will

     contribute to improving the efficiency of commercial operations and
    reducing dependence on traditional currencies,
   enhancing Iraq's economic diversification.

Through these measures, the Central Bank of Iraq demonstrated its commitment to developing the financial system to meet local and international needs, thus contributing to enhancing the stability of the Iraqi economy and achieving sustainable growth.     https://mustaqila.com/البنك-المركزي-العراقي-يتحدى-الدولار-ب/

TIDBITS FROM FRANK26, 21 DEC

Frank26

It's important for you to understand Aki's banks are going to be following American International banking laws. It's not like you can take your dinars and deposit it in these private banks that will represent the CBI. No, because they have to follow American banking laws.

The lower notes are high high priority for security. Nobody sees them. Nobody knows where they're at. High, high priority. IMO our military guards them...Those lower notes are in position just like everything else is for the monetary reform to finish.

I will show you the thousands of places where Aki's type of bank will be. Those are the CBI private banks where you can exchange the IQD for whatever currency you want. If you're at a bank in Michigan it's converted to American dollars. If you're in Australia it's converted to Australian currency and so forth and so forth...For everybody outside of Iraq it will be super easy because of all of these exchange centers they are setting up.