STATUS OF THE RV, PART. 3 BY MNT GOAT

 STATUS OF THE RV, PART. 3  

😊One more important article in the news titled “ADVISOR TO THE PRIME MINISTER: THE VALUE OF IRAQ’S NATURAL RESOURCES EXCEEDS $16 TRILLION”. 

I saved the best for last…lol..lol… 😊 😊 😊

In this news we read that the Prime Minister’s financial advisor, Mazhar Mohammed Salih, confirmed on Wednesday that Iraq is moving towards diversifying its GDP sources by expanding investment in the mining sector. He noted that the value of Iraq’s natural resources exceeds $16 trillion.

 The government has signed memoranda of understanding with reputable international companies in the fields of mineral exploration and investment, particularly in phosphate, sulfur, lithium, and copper fields.

This is within the framework of the strategic directions of the Iraqi government’s program to diversify sources of national income and optimally utilize the country’s resources.” He added, “Investment in the mining sector will contribute to attracting billions of dollars in fields ripe for development.

All I can add is WOW! WOW! WOW! Sounds to me that when they ramp up this effort into high-gear, Iraq could see this revenue stream almost, if not equaling the oil revenues. So, again we see Iraq beating it’s chest as they are proud of their wealth. So they are identifying all these assets. Basel requirements state the currency should reflect the value of the assets of that nation. What are they waiting for?

Okay now that we heard about Iraq bragging and beating it’s chest again, lets again look at a summary of the potential revenue streams for Iraq:

• Oil revenues (realized and untapped)
• Customs and Tariffs (told us it can rival the oil revenues)
• Tourism (hotels, holy shrines, pilgrimages, museums, etc)
• Agriculture exports
• Development Centers / Industrial Cities (soon to generate many exported products)
• a diverse stock of untapped minerals (sulfur, phosphate, and rock salt, iron, manganese, zinc, lead,  lithium, and copper fields.)
• Some rare earth minerals.
• Gold Mines in Iraq

What did I miss? WOW! WOW! WOW! WOW! WOW! WOW! WOW! WOW! WOW! WOW!

In my last Newsletter from Tuesday 6/3 what was the headlines? Oh …. Didn’t the UN just tell us that “IRAQ WILL BECOME A BANKING POWERHOUSE BOTH DOMESTICALLY AND INTERNATIONALLY”. 

Yes, wealth is leadership and Iraq is certainly taking the point lead under Al-Sudani in this area.

As you know I often they come up with comparisons to visualize where we are with the RV saga.

 The choo-choo train is still moving down the tracks quickly. It may make stops along the way, such as to combat money laundering, implementing financial reforms, implementing the Development Road Project, etc, etc. But all trains eventually make it to the end of track.

 This end is coming. Remember also that we read a lot of articles about what Iraq wants to and the resources involved. Many of these plans are already accomplished, some now in motion and some still in the planning stages. So we must be patient and let these efforts blossom in reality.

 It's kind of like blowing up a balloon. It will only take so much air before it pops. Iraq is about to reach that point. They do not have to implement all of these plans to get there. Later this wealth will sustain the value of the dinar once reinstated.

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

ARIEL : The Red Line Has Been Crossed 📈 @DINARREVALUATION #iraqidinarinv...

ADVISOR TO THE PRIME MINISTER: THE VALUE OF IRAQ’S NATURAL RESOURCES EXCEEDS $16 TRILLION

ADVISOR TO THE PRIME MINISTER: THE VALUE OF IRAQ’S NATURAL RESOURCES EXCEEDS $16 TRILLION

The Prime Minister’s financial advisor, Mazhar Mohammed Salih, confirmed on Wednesday that Iraq is moving towards diversifying its GDP sources by expanding investment in the mining sector. He noted that the value of Iraq’s natural resources exceeds $16 trillion.

Saleh told the Iraqi News Agency (INA): “Iraq is moving towards diversifying its GDP sources by expanding investment in the mining sector, a sector that has been neglected for decades. The government has signed memoranda of understanding with reputable international companies in the fields of mineral exploration and investment, particularly in phosphate, sulfur, lithium, and copper fields.

This is within the framework of the strategic directions of the Iraqi government’s program to diversify sources of national income and optimally utilize the country’s resources.” He added, “Investment in the mining sector will contribute to attracting billions of dollars in fields ripe for development, such as sulfur, phosphate, lithium, and other minerals.” He pointed out that “Iraq ranks first in the world in terms of the concentration of natural resources per square kilometer, and ninth globally in the value of various natural resources, with an estimated value exceeding $16 trillion, according to published global estimates.”

He explained that “the various reserves of land wealth constitute a diverse stock of minerals:

1. foremost among which is phosphate: its reserves are estimated at more than 10 billion tons, and our country ranks second globally in terms of reserves, and is concentrated in the Akashat region of Anbar Governorate.

2. Second is free sulfur: our country enjoys large reserves in Mishraq in Nineveh Governorate, which are among the largest free sulfur fields in the world.

3.Third is silica: in the Najaf region and western Iraq, it is used in the glass, electronics, and semiconductor industries, and is among the most important and purest reserves in the world, according to published international estimates.” He continued,

4.”Likewise, iron, manganese, copper, and gold are distributed across various regions of Iraq, particularly in the Kurdistan Region and the western and central borders, except for southern Iraq, which possesses vast reserves of other rare natural resources. ”

He pointed out that “the policy of diversifying the national economy by extracting and processing mineral resources for national industries, and then adopting their export by maximizing value-added chains in manufacturing or semi-manufacturing industries, will add at least 10 percent to the GDP in the first phase.”

He pointed out that “after that, the percentage will increase to become one of the pillars of diversifying national income sources over time, especially if the link between mineral investment and the development of national manufacturing industries grows, such as fertilizer, aluminum, glass, electronics, and batteries related to renewable energy.

This is in addition to the introduction of foreign capital and advanced digital technology and services, the provision of national job opportunities, and investment in Iraqis as a productive national resource.” He emphasized that “the mineral diversification policy is one of the opportunities to implement the philosophy of sustainable development and free the national economy from the extreme monopoly of oil resources. It is considered an economic defense against the monopoly of oil prices, which directly impacts the state budget.”

He emphasized that “present and future generations will witness a new era of investment for Iraq in economic and technological progress and prosperity, towards building a promising model of balanced development.” He noted that “Iraq, which strongly aspires to build investments in mining fields as an additional resource in the medium and long term, does not rule out investment in oil fields, but it cannot completely replace oil in the near term. Rather, it serves as an important complement to the strategy of diversifying the national economy.”

He concluded by saying: “The mining sector represents a promising opportunity for Iraq, not only to increase public financial revenues, but also to restore the structural balance of the Iraqi economy, create major national employment opportunities, and achieve diversified development in areas rich in natural resources, which will lead to increased investments in infrastructure, within a model of geographically balanced economic development for all of Iraq.”

(Okay I hear you Iraq, but why is your dinar still at 1/6^th of a penny? ☹ )

STATUS OF THE RV, PART. 2 BY MNT GOAT

 STATUS OF THE RV, PART. 2  

😊Next the articles give us news of the Oil and Gas Law. Here is the article titled  “IMPORTANCE OF APPROVING THE OIL AND GAS LAW.” In this news we read that  

Iraqi Prime Minister Mohammed Shia al-Sudani received a delegation from the Kurdistan Islamic Union Party’s parliamentary bloc on Tuesday. The meeting discussed vital issues related to the relationship between the federal government and the Kurdistan Region.

During the meeting, the two parties emphasized the “need to find radical solutions, within the framework of the constitution and the law, regarding the Kurdistan Regional Government’s financial obligations, based on the provisions of the budget law and the Federal Court’s decision.”

I find it almost funny how they bring up this needed referendum (law) as stated in the Iraqi constitution each time we get close to the RV. Does Iraq need to resolve these issues prior to any RV?

 If you use common sense we might say yes since Iraq is still a rentier economy. However, there may be a desperate move coming to attempt to reinstate based on the Iranian negotiations before they tank and war is inevitable to destroy what enrichment production facilities they have by force.

Remember that the Oil and Gas Law was supposed to be accomplished almost 15 years ago. Again, I will add a note about all the confusion that has come about the lack of oil flow from Kurdistan or the payments of salaries to Kurdistan. Finally resolving this law could resolve many of disputes before they even become critical.

 Remember just this year alone Kurdistan shut off oil flows due to disputes in salary amounts given again from Baghdad.

 If you look at the evidence the smaller salary files are always justified due to black market oil sales outside the constitutional requirements. But then Kurdistan also comes forward with justification as to why they should maintain these revenues. So, who is correct? If they had a sound Oil and Gas Law, the law itself would resolve these kinds of issues. There is also disputes as to who can develop the oil fields. The constitution clearly states Iraq must develop them, however Iraq does not have the expertise to do so. They then hire outside companies. Baghdad says this is not legal. If you study what happened in Iran with their oil development you can relate this overflow of thinking to the Iraqi people influenced by Iran. This messes with the budget and scheduled projects for the 2025 budget, as the oil revenue stream stopped. This also once again reinforces the hazards of a “rentier” economy based solely on oil. These disputes are not good for the world to see, especially potential investors.

Can Sudani release the names of who is holding back the much needed laws, whether it’s through new articles or broadcasting channels?

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

MNT GOAT:what has been preventing this revaluation to the TRUE rate of t...

AL-GHARIRI: IRAQ IS GETTING CLOSER TO MEMBERSHIP IN THE WORLD TRADE ORGANIZATION

AL-GHARIRI: IRAQ IS GETTING CLOSER TO MEMBERSHIP IN THE WORLD TRADE ORGANIZATION

Minister of Trade, Atheer Al-Ghurairi, announced that Iraq has made significant progress in its path towards joining the World Trade Organization, stressing Baghdad’s serious commitment and transparency in meeting the requirements of this important international process.

Al-Ghurairi explained in a statement that “the national team tasked with completing the accession requirements has completed answering more than 450 technical questions submitted by the organization’s members, which reflects Iraq’s keenness to achieve this strategic goal.”

The minister added: “The national team is fully prepared for the next round of meetings with the organization’s General Secretariat and members of the working groups,” stressing that Iraq will be represented with a unified position based on a national economic vision aimed at orderly integration into the global economy.

Al-Ghariri pointed out: “Joining the World Trade Organization represents a strategic step to support the business environment, stimulate investment, and develop productive sectors, especially industrial and agricultural, which will enhance Iraq’s economic position regionally and internationally.”

He continued: “The Ministry of Trade, in coordination with relevant ministries and institutions, will continue technical and diplomatic work to ensure achieving the best results that serve the supreme national interest.”

STATUS OF THE RV, PART. 1 BY MNT GOAT

STATUS OF THE RV

No, the RV has not yet happened and the newer lower denominations are no yet out regardless of what some jerks are putting out to the dinar community. If this is all you want from my blog you can leave it now. Thanks for watching….lol….

Lots of good topics to review today from recent Iraqi news such as a WTO and the Oil and Gas Law. Then also again Iraq is beating its chest on the resources it has and its tremendous value.

 But I keep asking “when”? Yes, when will all these assets be reflected in the a true nominal rate of the currency of Iraq? Didn’t Basel I, II and III requirements go into effect?

We also heard in recent past articles the praising of Iraq in its efforts in combating money laundering and its efforts to reform the “Pillars of Finance Reform”. So, I ask -What is taking them so long? But we know what is coming as we read the news from Iraq. The pressure is building to revalue and reinstate the dinar.

I also have a report to give from my contact in the CBI. Let’s get started.

😊So, we read in articles more than a year ago that Iraq had met all WTO requirements. Did it really?

 However today in the article titled “AL-GHARIRI: IRAQ IS GETTING CLOSER TO MEMBERSHIP IN THE WORLD TRADE ORGANIZATION ” we read the article as if there seems to be more that Iraq needs to accomplish or has just accomplished in this regard.

 Minister of Trade, Atheer Al-Ghurairi, announced that Iraq has made significant progress in its path towards joining the World Trade Organization, stressing Baghdad’s serious commitment and transparency in meeting the requirements of this important international process.

Al-Ghurairi explained a team tasked with completing the accession requirements has completed answering more than 450 technical questions submitted by the organization’s members.  Oh….I thought Iraq was all done?

The minister added: “The national team is fully prepared for the next round of meetings with the organization’s General Secretariat and members of the working groups,” Oh….I thought Iraq was all done?

The good part of this article is that Al-Ghariri pointed out: “Joining the World Trade Organization represents a strategic step to support the business environment, stimulate investment, and develop productive sectors, especially industrial and agricultural, which will enhance Iraq’s economic position regionally and internationally.”

I want to keep pointing out these updates on the WTO because they are NOT all done with Iraq and this is the holdup in getting the announcement of their full accession to the organization. ☹

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/