Chats and Rumors, Video, Vn Dong DINARRECAPS8 Chats and Rumors, Video, Vn Dong DINARRECAPS8

Iraqi Dinar Video Update Late Sunday Evening  5-12-24

Iraqi Dinar Video Update Late Sunday Evening  5-12-24

Finally Iraqi Dinar Revaluation Done – 3:03

CBI Governor Announced IQD RV Today – 4:27

Chase Bank Huge Announced About IQD Exchange Rate - 4:08

This is Very Good Vietnamese Dong Exchange Rate – 3:02

Iraqi Dinar International Revaluation 2024 – 3:16

Iraqi Dinar Video Update Late Sunday Evening  5-12-24

Finally Iraqi Dinar Revaluation Done – 3:03

CBI Governor Announced IQD RV Today – 4:27

Chase Bank Huge Announced About IQD Exchange Rate - 4:08

This is Very Good Vietnamese Dong Exchange Rate – 3:02

Iraqi Dinar International Revaluation 2024 – 3:16

Finally Iraqi Dinar Revaluation Done – 3:03

https://www.youtube.com/watch?v=UKVFHWKB9_0

CBI Governor Announced IQD RV Today – 4:27

https://www.youtube.com/watch?v=IKb9YG76WqM

Chase Bank Huge Announced About IQD Exchange Rate – 4:08

https://www.youtube.com/watch?v=dUHHkQykKPo

This is Very Good Vietnamese Dong Exchange Rate – 3:02

https://www.youtube.com/watch?v=WQeWI9f3ypw

Iraqi Dinar International Revaluation 2024 – 3:16

https://www.youtube.com/watch?v=ABRYuqKUUFE

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Chats and Rumors, MarkZ Dinar Recaps 20 Chats and Rumors, MarkZ Dinar Recaps 20

“Coffee With MarkZ” Monday Morning Chat 5-13-2024

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Happy Monday everyone! Is this our week? I sure hope so.

Member: May this be the magic week!

MZ: We are looking for a lot of information throughout the day today.

Member: Are we close?

MZ: If all goes well today- we should know how close we are. And what we are hoping was initiated yesterday with a lot of funds

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Happy Monday everyone! Is this our week? I sure hope so.

Member: May this be the magic week!

MZ: We are looking for a lot of information throughout the day today.

Member: Are we close?

MZ: If all goes well today- we should know how close we are. And what we are hoping was initiated yesterday with a lot of funds

MZ: I have a good feeling about the next couple of days. Hoping it is not just hopium.

MZ The things that make me hopeful is when we started seeing some of the historic bonds that went into platforms solely for humanitarian things. That is where we have seen large scale, solid money movement. And should continue moving through out this week.

Member: Now just for historic bonds and investors turning them in- we are hoping to see this happen this week. We expected that money to be moving starting last night. But, we don’t know yet as the banks are just waking up.

MZ: So the expectation is to find out today that at least some of those funds have started moving for the “for profit” investors. That would give us a clearer timeline.

MZ: I think we are going to see positive things today and tomorrow…..to let us know where we are at in the process.

Member: If those bonds move –are we close?

MZ: Absolutely. That is why we are keeping an eye on it.

Member: Remember that bank story last week where the banker told her it will happen in “June”  so maybe the bonds will be done by then and it’s our turn in June?

Member: DOW up 100

Member: Happy May 1st. by the Julian Calender. which is Mayday! This will be the 8th day straight of profits on the market. Just like in 2008. meltup before meltdown.

MZ: “JP Morgan Chase warns banks assets may be seized in Russia after $1,460,000,000 B write off report”  The US government seized $439 million first in New York of Russia’s money because of US sanctions. Russia says “We can do the same” The difference is JP Morgan Chase has over $1 billion ,460 million that they have to write off. Someone has to pay this back as it belongs to depositors. In the “tit for tat “ game The US is losing because of sanctions.  

MZ: “Vietnam Business news May 12/24” They are talking about an increase in revenues and how well the country is doing. This is a feel good economic piece out of Vietnam.

Member: Interesting how the countries whose currency we expect to be valuable economies are doing well while the US economy is deeper in the tank than we’ve ever seen!

Member: I have been reading this morning that Iraq has to be back on Forex to move forward

Member: (From Dinar Guru) Guru Mnt Goat  ...the IQD must be put back on FOREX for Iraq to progress to the desired goals as they themselves proclaim they want to accomplish...know that progress is moving along and much more quickly now...Oh…just wait until Iraq gets back on FOREX…WOW, things are really going to explode.

Member: If Iraq hits the forex…it’s a international rate and we can exchange!

Member: How can we RV as all the laws and regulations in Iraq have yet to be in place?

Member: What if everything is in place and ready and everyone is lying about it? Everyone in this is a liar…Good guys, bad guys, news guys and politicians…… who knows?

​​Member: Mark do you currently see that everything is in place from the Iraqi side for this thing to go? If so, why the delay?

Member: I feel like a lot of this is going to be too little too late. I’m afraid we’re going down a path faster than RV/Nesara is moving. Feels like if it doesn’t happen by the next election it’s game over.

Member: Bank called me to wish me a happy birthday. A first , been with them over 40 years . Wanted to know if I needed anything

Member:  My popcorn is way past stale…. Ready for the credits to run!

​​Member:  Life's like a captivating movie – blink and you might miss the best parts. Stay awake, soak it all in, and enjoy the show!

MZ: There will be a podcast tonight either recorded or from Zester. I go back to Puerto Rico tomorrow.

Member: Mark, thank you for always making things feel better. We really appreciate you probably more than you might realize.

DUE TO MARK'S TRAVEL! SHORT MORNING PODCAST TUESDAY MORNING AND "NO" EVENING PODCAST! LOOK FOR UPDATES IN THE INTEL INFO ROOM. INTEL INFO ROOM: Link: https://t.me/+K_GNVfTI0gFkZWYx

StacieZ joins the stream today. Please listen to the replay for her information and opinions.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:     https://www.youtube.com/watch?v=kaHXk8BQ8hA

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Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 Economics, Gold and Silver, Goldilocks, News DINARRECAPS8

Goldilocks' Comments and Global Economic News Monday AM 5-13-24

Goldilocks' Comments and Global Economic News Monday AM 5-13-24

Good Morning Dinar Recaps,

The link below provides information on Vietnam's review by the US Department of Commerce regarding Vietnam's ability to move into a Market Economy.

My understanding from the previous article on Vietnam reviewed is that this is not a graded review. It is simply a valuation of the types of goods and services they can provide comprehensively.

Vietnam is showing steady growth in several areas of their Market. Their potential to increase National Capital Investment opportunities on a Global scale is evident.

Clearly, hurdles are being cleared for Vietnam to move into a Market Economy. A Market Economy will allow them to freely move their money  through supply and demand.

Goldilocks' Comments and Global Economic News Monday AM 5-13-24

Good Morning Dinar Recaps,

The link below provides information on Vietnam's review by the US Department of Commerce regarding Vietnam's ability to move into a Market Economy.

My understanding from the previous article on Vietnam reviewed is that this is not a graded review. It is simply a valuation of the types of goods and services they can provide comprehensively.

Vietnam is showing steady growth in several areas of their Market. Their potential to increase National Capital Investment opportunities on a Global scale is evident.

Clearly, hurdles are being cleared for Vietnam to move into a Market Economy. A Market Economy will allow them to freely move their money  through supply and demand.

******************************

Credit Valuation Adjustments on their currency will be determined by Vietnam's ability to move their goods and services near and far at competitive rates.

© Goldilocks

https://vietnamnet.vn/en/vietnam-business-news-may-12-2024-2279536.html

~~~~~~~~~

Vietnam's Foreign Exchange Rate Review:

HCMC (Saigon) inspects authorized foreign exchange agents.

The State Bank of Vietnam-Ho Chi Minh City Branch (SBV-HCMC) has urged commercial banks to conduct inspections of their authorized foreign exchange agents and submit reports on the findings to the SBV-HCMC no later than June 15, 2024.


The SBV-HCMC has issued a letter requesting commercial banks and branches of foreign banks authorized to engage in foreign exchange activities within the city to conduct inspections of the authorized foreign exchange agents appointed by commercial banks.

Accordingly, commercial banks are required to inspect their authorized foreign exchange agents, covering compliance with legal regulations, adherence to foreign exchange agency contracts, identification of any existing limitations or misconduct, and the outcomes of any corrective actions taken.

The SBV has urged commercial banks to conduct these inspections on authorized foreign exchange agents appointed by banks to ensure compliance with regulations governing foreign currency transactions and the appropriate use of foreign currency, thus contributing to promoting the development of production and business activities, import-export, tourism, and services.

Simultaneously, commercial banks authorized to delegate foreign exchange agents must strictly adhere to all legal regulations regarding the delegation of authority to economic organizations to ensure that the appointed agents comply with legal requirements, adhere to contracts, and play a crucial role in stabilizing foreign exchange rates, the foreign exchange market, and socio-economic development.

VietnamNet

~~~~~~~~~

Peter Schiff: Gold, Silver 'Ready to Explode Higher' — Sees 'Biggest Precious Metals Bull Market in History' – Markets and Prices Bitcoin News

~~~~~~~~~

US Scrutiny of Tether Could Disrupt Crypto Ecosystem, Ripple CEO Warns – News Bytes Bitcoin News

~~~~~~~~~

***********************************

Franklin Templeton CEO says all ETFs and mutual funds will be on blockchain | CoinTelegraph 

~~~~~~~~~

JPMorgan’s Onyx to industrialize blockchain PoCs from Project Guardian |  CoinTelegraph 

~~~~~~~~~

IMF Official: Countries Are Reevaluating Their Reliance on the US Dollar – Economics Bitcoin News

~~~~~~~~~

BRICS joining hands with North Korea to fight against US dollar dominance?  | The News

~~~~~~~~~

The Ticking Time Bomb Has Started For Tether! When It Erupts, EVERYTHING WILL FALL Including XRP!! | Youtube

~~~~~~~~~

Recession has begun since October of 2023 | Youtube 

~~~~~~~~~

Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline 

Goldilocks' Telegram Room

Q & A Telegram Room

Goldilocks on the Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

News, Rumors and Opinions Monday AM 5-13-2024

Note From Dinar Recaps:

To our newest readers,

If you are new to the Dinar and Currency investment and wish to educate yourself further please go to Dinarrecaps .com . At the top of our blog page click on the categories button and go to The Dinar Recaps Archives or Post RV Categories for all our past posts on history of past RV’s, Exchange tips, Security and other valuable information.

We hope all of our dreams come true very soon.

Your Dinar Recaps Team

Note From Dinar Recaps:

To our newest readers,

If you are new to the Dinar and Currency investment and wish to educate yourself further please go to Dinarrecaps .com . At the top of our blog page click on the categories button and go to The Dinar Recaps Archives or Post RV Categories for all our past posts on history of past RV’s, Exchange tips, Security and other valuable information.

We hope all of our dreams come true very soon.

Your Dinar Recaps Team

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 13 May 2024

Compiled Mon. 13 May 2024 12:01 am EST by Judy Byington

Sun. 12 May 2024: US Debt Clock: New Money Incoming! The Power of Precious Metals – Know What You Hold!!! – American Media Group (amg-news.com)

Gold Standard 2.0 QFS Stable coins and Blockchains Forging Our GCR: Instead of governments imposing CBDCs onto We the People, the GCR imposes control, transparency and tracking of every government transaction. https://ai3d.blog/gold-standard-2-0-stablecoins-and-blockchains-will-forge-our-gcr/

Global Financial Crisis:

Sat. 11 May 2024: Ed Dowd & Greg Hunter: Huge Financial Shock Inevitable & Hitting Now! – Must Video | Opinion – Conservative | Before It’s News (beforeitsnews.com)

Sun. 12 May 2024: The International Monetary Fund is warning that widening geopolitical divides are disrupting Global Trade flows, creating spillover effects that are dividing the World’s economies into competing blocs. The foundation of the system is slowly changing. …Debt Clock on Telegram Sun. 12 May 2024

THE EVENT Biblical Revelation Unfolds: This plan includes a shift from traditional financial systems to precious metal-backed currencies.

Read full post here:  https://dinarchronicles.com/2024/05/13/restored-republic-via-a-gcr-update-as-of-may-13-2024/

************

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Militia Man Once the COM [Council of Ministers] gets it [Budget] they'll vote on the amendments and then they'll forward that on to the House of Representatives.  I don't know that we're waiting for all of that... Alaq's job is to be independent and part of his job is the exchange rate.  If there's going to be a change he's the guy that's going to be acting in a manner to do so.

Sandy Ingram  The IQD was not convertible to other currencies on global markets before the 2003 invasion...Rates, which were $3.21 IQD to 1 US dollar in July 2003 means little if the currency is not exchangeable on global markets...People with education in economics say the Iraqi currency will be readily available for exchange in US banks...The question then becomes (How long will it take US banks to recognize the currency after the initial increase in Iraq?  Oh, you believe it will all happen on the same day We would hope so, however this is unlikely... Savvy investors may have to travel for the exchange rate...If Iraq says the IQD is worth 1 USD to Iraqi dinar will you wait for the United States to say the same thing or will you travel to a bank that says the Iraqi dinar value equals $1? ...We hope the naysayer are right and we can all walk into our banks in the United States and exchange our IQD bank notes for US dollars

Unprecedented Crisis: Domino Effect Of Defaults On Horizon | Nomi Prins

David Lin:  5-12-2023

Dr. Nomi Prins, best-selling author and geo-economist, discusses the permanent distortions on the economy created by central bank policies, and the dangers facing the economy in 2024 and beyond.

0:00 - Intro

1:00 - Economic slowdown

6:13 - Collusion

9:56 - Shifting of super powers

12:50 - U.S. dollar hegemony

15:00 - Fed rate cuts

20:43 - Inflation

22:43 - Domino effect of failures

24:20 - Labor market

 25:24 - Geopolitical risks

29:00 - Investment implications

https://www.youtube.com/watch?v=qyE85nnwfxM

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Frank26, KTFA Dinar Recaps 20 Frank26, KTFA Dinar Recaps 20

KTFA Sun. Night CC: “FRANK26……5-12-24……MY MISTAKE”

KTFA

Sunday Night Conference Call

FRANK26……5-12-24……MY MISTAKE

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

KTFA

Sunday Night Conference Call

FRANK26……5-12-24……MY MISTAKE

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=Ey2NOUru-HI

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News DINARRECAPS8 News DINARRECAPS8

Iraq Economic News and Points to Ponder Late Sunday Evening 5-12-24

Iraq Economic News and Points to Ponder Late Sunday Evening 5-12-24

Saleh Explains The Relationship Between The Rise In Gold And The Decline Of The Dollar And Warns Of A “Double-Edged Sword”

Time: 05/12/2024 19:25:25 Read: 351 times  {Economic: Al-Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, explained the reason for the rise in gold prices in local markets with the noticeable decline in the dollar exchange rate against the dinar.

Saleh told {Al-Furat News} agency, "It is observed at the level of the local market in our country that the dollar in the secondary market is gradually declining relative to the official exchange rate. Despite this, we find that there is a gradual rise in the price of gold in the local market."

He stated, "Gold is imported today and its imports are financed at the fixed official exchange rate of the dinar against the dollar through the Central Bank platform and at the rate of 1,320 dinars per dollar."

Saleh explained, “Due to geopolitical tensions around the world, especially the war in Ukraine and others, they have brought about major developments in the gold hedging policy on the part of some central banks in the world, which constituted an unprecedented rise in global demand for gold and led to a rise in its prices in the world.” Global markets, and here it is noted that the external factor is the basis for the rise in the price of an ounce of gold in the local market.”

Iraq Economic News and Points to Ponder Late Sunday Evening 5-12-24

Saleh Explains The Relationship Between The Rise In Gold And The Decline Of The Dollar And Warns Of A “Double-Edged Sword”

Time: 05/12/2024 19:25:25 Read: 351 times  {Economic: Al-Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, explained the reason for the rise in gold prices in local markets with the noticeable decline in the dollar exchange rate against the dinar.

Saleh told {Al-Furat News} agency, "It is observed at the level of the local market in our country that the dollar in the secondary market is gradually declining relative to the official exchange rate. Despite this, we find that there is a gradual rise in the price of gold in the local market."

He stated, "Gold is imported today and its imports are financed at the fixed official exchange rate of the dinar against the dollar through the Central Bank platform and at the rate of 1,320 dinars per dollar."

Saleh explained, “Due to geopolitical tensions around the world, especially the war in Ukraine and others, they have brought about major developments in the gold hedging policy on the part of some central banks in the world, which constituted an unprecedented rise in global demand for gold and led to a rise in its prices in the world.” Global markets, and here it is noted that the external factor is the basis for the rise in the price of an ounce of gold in the local market.”

He continued, "International financial institutions have issued expectations about the continued rise in gold prices in the coming months, and the expectations come despite the current strength in the levels of the dollar, which is trading at its highest levels in 5 and a half months according to the dollar index, in addition to the high US government bond yields at the highest level in the world."

5 months in light of expectations that the US Federal Reserve is on its way to keeping interest rates high for a longer period of time, which is supposed to represent negative pressure on gold prices.”

Saleh added, "But the strength of global demand for gold as a safe haven in light of the current geopolitical uncertainty, coupled with expectations that global central banks will continue to increase their gold reserves, has led international financial institutions to expect further gains in gold prices during the remainder of 2024." .

He pointed out, "For example, the German Deutsche Bank raised its forecast for gold prices in 2024 to the level of $2,400 per ounce, and expected the price of gold to rise to $2,600 per ounce at the end of 2025. Likewise, the American Citibank Corporation expected the price of gold to reach $3,000." per ounce in the period from the next 6 to 18 months, with gold breaching the level of $2,500 per ounce during the second half of 2024.”

He went on to say, "There is news circulating in global markets about an international group launching its central banks digital currencies denominated in gold to conduct commercial exchanges outside the currencies currently in place in the global monetary system, including China, Russia, and some countries in Africa, Asia, and Latin America. This is a trend that requires high hedging with gold, which has been formed." The other is an unprecedented wave of demand for the yellow metal globally.”

He said, "But we see from our point of view that adopting a global gold reserve system at global market prices for the yellow metal will make the demand for gold grow and rise with the growth of trade and the global economy, and if countries continue to hedge their reserve currencies with gold at open gold prices that are restricted by production and the limited global supply of gold in the face of open demand."

It will generate a monetary system with a high exchange rate, which may hinder its commercial competitiveness as countries that are hedged by gold and whose currency exchange rates are determined by the yellow metal.

He noted that "unless these groups adopt a fixed, moderate and competitive official price for gold itself, their competitive capabilities in their international trade with the countries of the world will be inevitably threatened, and here gold will be a double-edged sword.

At the same time, one should be wary of commercial gold policies in establishing a monetary system on its own, and finally and until... On May 11, 2024, an ounce of gold, which weighs 31 grams, rose to reach about $2,361 per ounce in global markets.   LINK

More Than One Billion And 400 Million Dollars...CBI Sales Within A Week

Economy News – Baghdad  The Central Bank of Iraq's total sales of hard currency for the US dollar amounted to more than one billion dollars during the last week in which the auction was opened.

During the past week and for the 5 days in which the auction was opened, the Central Bank sold one billion, 395 million, 25 thousand, and 507 dollars, at a daily rate of 279 million, 5 thousand, and 101 dollars, higher than what was recorded by the previous one, which amounted to one billion and 348 million. And 235 thousand and 509 dollars.

The highest dollar sales were last Monday, when they amounted to 283 million, 620 thousand, and 620 dollars, while the lowest sales were on Wednesday, when sales amounted to 275 million, 539 thousand, and 423 dollars.

Foreign remittance sales during the past week amounted to 1 billion 313 million 685 thousand 507 dollars, an increase of 94% compared to cash sales that amounted to 81 million 340 thousand dollars.

The sales were in the form of cash and transfers abroad to finance foreign trade, while the selling price of documentary credits and international settlements for electronic cards reached 1,305 dinars per dollar, while the selling price of transfers abroad and the cash sale price reached 1,310 dinars per dollar. 122 views  05/12/2024 - https://economy-news.net/content.php?id=43331

Iraq's Oil Reserves Rise To 160 Billion And 22 International Companies Compete To Develop Gas Fields

Economy | 12:24 - 12/05/2024  Mawazine News – Baghdad  The Ministry of Oil announced today, Sunday, that Iraq's oil reserves have risen to more than 160 billion barrels, while indicating that 22 international companies are competing for gas field development projects, stressing that Iraq has achieved self-sufficiency in liquid gas and has begun exporting the surplus.

The ministry’s spokesman, Assem Jihad, told the official agency: “The fifth and sixth round of supplementary licenses comes in line with the government program that aims to optimize the investment of oil and gas wealth.”

He added, "The Ministry aims to maximize national production, especially of hydrocarbon and gaseous compounds found in the ground," noting that "there are 22 international companies competing for projects to develop these fields."

He pointed out, "Most of the exploration blocks nominated for competition are gas exploration blocks, and therefore this will support the energy sector in Iraq."

Jihad stressed, "The Ministry of Oil has achieved important steps in optimal gas investment projects in Maysan Governorate, at 300 cubic feet, and in Dhi Qar / Nasiriyah and Al-Gharraf Governorates, at 200 million standard cubic feet per day."

He continued, "The contracts concluded by the Ministry regarding the Nahran Omar field will provide 300 million standard cubic feet in two stages, while the contract with Total will provide 600 million standard cubic feet per day."

He pointed out, "The fifth licensing round will achieve more than 800 million standard cubic feet of gas, in addition to the efforts of the Basra Gas Company, where gas investment has reached 1,200 million standard cubic feet per day."

He went on to say: "It is hoped that 200 million standard cubic feet will be added this year, so in total Iraq aims to achieve self-sufficiency to support the energy sector and reach the self-sufficiency stage."

He stressed, "Iraq has achieved self-sufficiency in liquid gas, and the surplus was exported outside the country," noting that "this step is important in strengthening the Iraqi national economy."

According to him, “the government effort focused during the last period on intensifying exploratory operations, and therefore this will lead to maximizing the Iraqi oil reserve,” adding, “It is hoped that during the coming period it will be announced that the Iraqi oil reserve will increase to more than 160 billion barrels, which will enhance the role of Iraq in the global oil market.

Regarding the activities of the fifth supplementary and sixth licensing round for the second day, Jihad explained, “The activities of the second day included competition for 11 fields and exploration plots, and these patches and fields began with the Abu Khaimah field in Al-Muthanna Governorate, which was transferred to the Chinese company Zenoa.”

Jihad added: “Now there is competition for the goat patch in Anbar Governorate. Competition will also take place today for patch No. 7 in Diwaniyah Governorate, Al-Dhafriyah field in Wasit Governorate, Sumer patch in Al-Muthanna Governorate, Tal Hajar in Nineveh Governorate, Al-Khanah in Salah al-Din Governorate, and Anah in Anbar.” Patch No. 11 in Najaf Al-Ashraf, Al-Anbar Plot in Anbar Governorate, and Qalat Saleh Field in Maysan.”

He expressed his hope that “these projects will be referred to competing international companies, in a way that will achieve a major transition in this context,” and tomorrow “the competition will be for another group of fields and exploratory patches.”

Yesterday, Saturday, Prime Minister Muhammad Shiaa Al-Sudani sponsored the ceremony of announcing licenses for the fifth supplementary round and the entire sixth round, which includes a total of 29 projects for oil and gas fields and exploration blocks, distributed among 12 governorates. https://www.mawazin.net/Details.aspx?jimare=247810     

The Iraqi Government Submits A Request To Reduce The Mandate Of The United Nations Mission And Close It Permanently

Political | 05/12/2024  Mawazine News – Baghdad  Today, Sunday, the Iraqi government submitted a request to the Security Council and the Secretary-General of the United Nations to reduce the mandate of the United Nations Mission (UNAMI) and to conduct an objective evaluation of its work in preparation for ending its mission and closing it permanently during the month of May 2023.

The Iraqi government spokesman, Bassem Al-Awadi, said in a statement received by Mawazine News: “The government is committed to its program voted on by the House of Representatives, and within the framework of strengthening the role of constitutional institutions, and during its endeavor to regulate Iraq’s relations with international bodies in a manner consistent with the developments that occurred since 2014.”

 2003, and in order to contribute to employing these relations in a way that serves the national interests, I submitted, during the month of May 2023, a request to the Security Council and the Secretary-General of the United Nations, to reduce the mandate of the United Nations Mission (UNAMI) and to conduct an objective evaluation of its work, in preparation for ending its mission and closing it permanently, due to the absence of "The circumstances under which this mission was established 21 years ago."

Al-Awadi added, “As a result of the Iraqi government’s request, the Security Council formed the Independent Strategic Review Team, which conducted an independent evaluation of the UNAMI mission, in which it concluded that there was no need for its continuation of its work, in view of the positive developments and important achievements that have been achieved in Iraq and in various security, political, economic and social fields.” and its regional and international relations.

He continued, "Based on what was stated in the report of the Independent Strategic Review Team and the government’s conviction that it shared with the countries of the Security Council and the United Nations since last year, the government has requested to end the work of the UNAMI mission by the end of 2025, which is considered a sufficient period during which responsible closure can be achieved."

Stressing that "the government emphasizes that ending the mission's work in Iraq came, in addition to the above, as a natural result of the development of the relationship between Iraq and the United Nations, and a deepening of cooperation at various other levels."

He stated, "The Iraqi government hopes that a Security Council resolution will be issued at the end of this month that includes a response to the Iraqi government's request and the recommendation of the independent UN team, and also organizes the follow-up of some files through a mechanism to be agreed upon, in a way that also ensures the continuation of the work of international agencies operating in Iraq."

At the end of his statement, Al-Awadi thanked the Secretary-General of the United Nations, António Guterres, and his representative in Iraq, Jeanine Plasschaert, and all the workers in the mission, for “the support they provided to Iraq during the past years,” recalling “the great sacrifices made by the workers in the UN missions in Iraq, and in Their introduction is the late Sergio de Mello and his companions, who were victims of a terrorist attack that targeted the mission’s headquarters in August 2003.” https://www.mawazin.net/Details.aspx?jimare=247812

Iraq Recorded An Increase In Its Oil Exports To The United States Last Week

Sunday 12, May 2024 09:23 | Economical Number of readings: 349

Baghdad / NINA / The US Energy Information Administration announced on Sunday that Iraq's oil exports to the United States rose during the past week.

The administration said in a table: “The average US imports of crude oil during the past week from 9 major countries amounted to 5,997 million barrels per day, an increase of 432 thousand barrels per day compared to the previous week, which amounted to 5,565 million barrels per day.”

She added, "Iraq's oil exports to America amounted to 326 thousand barrels per day last week, an increase of 19 thousand barrels per day from the previous week, which amounted to 307 thousand barrels per day."

The administration indicated that “most of America’s oil revenues during the past week came from Canada, followed by Mexico, Saudi Arabia, then Nigeria, while imported quantities of crude oil continued, from Brazil, Ecuador, Colombia, and from Libya, at a rate of one thousand barrels per day.”/ End 11   https://ninanews.com/Website/News/Details?key=1126016

 

To read more current and reliable Iraqi news please visit :  https://www.bondladyscorner.com/

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Chats and Rumors, Video, Vn Dong DINARRECAPS8 Chats and Rumors, Video, Vn Dong DINARRECAPS8

Iraqi Dinar Today Video Updates Sunday Evening 5-12-24

Iraqi Dinar Today Video Updates Sunday Evening 5-12-24

WOW US Bank Accepted 25,000 Dinar Equal$25, 000 Dollar – 2:56

Chase Bank RV Started Wells Fargo And JP Morgan Date & Time of IQD Fixed - 3:23

100 % Revaluation Confirmed – 3:14

Conratulations ✅ Revaluation Done Go And Your Dinar & Dong On New Rate – 3:36

Really , It is Very Good Rate For All Investors $4.66 USD – 2:04

Iraqi Dinar Today Video Updates Sunday Evening 5-12-24

WOW US Bank Accepted 25,000 Dinar Equal $25,000 Dollar – 2:56

Chase Bank RV Started Wells Fargo And JP Morgan Date & Time of IQD Fixed - 3:23

100 % Revaluation Confirmed – 3:14

Conratulations ✅ Revaluation Done Go And Your Dinar & Dong On New Rate – 3:36

Really It is Very Good Rate For All Investors $4.66 USD – 2:04

WOW US Bank Accepted 25,000 Dinar Equal $25,000 Dollar – 2:56

https://www.youtube.com/watch?v=5VuEk9ofnZ4

Chase Bank RV Started Wells Fargo And JP Morgan Date & Time of IQD Fixed – 3:23

https://www.youtube.com/watch?v=BATt0WPIolg

100 % Revaluation Confirmed – 3:14

https://www.youtube.com/watch?v=4vfd8xXI64A

Conratulations ✅ Revaluation Done Go And Your Dinar & Dong On New Rate – 3:36

https://www.youtube.com/watch?v=5QUqxkiHK8o

Really It is Very Good Rate For All Investors $4.66 USD – 2:04

https://www.youtube.com/watch?v=EblzGtikRTw

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Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 Economics, Gold and Silver, Goldilocks, News DINARRECAPS8

Goldilocks' Comments and Global Economic News Sunday Evening 5-12-24

Goldilocks' Comments and Global Economic News Sunday Evening 5-12-24

Good Evening Dinar Recaps,

Breaking: Ripple CEO Brad Garlinghouse on SEC Lawsuit, Crypto Predictions, XRP Victory | CoinGape

If you think that cryptocurrency is not part of the Presidential race this year, you might want to think again. The population is watching very closely on how Congress deals with our new digital economy.

At the end of June, our Markets in Crypto Assets and Stablecoins are about to become law. We have some coins that just simply won't cut the mustard after that date.

These new regulations becoming law will set directives on their use and their value going forward. Gold and other Commodities will back these tokenized assets and stablecoins that are going to be backed with enough gold and other commodities to keep these digital currencies at a stable value to represent their countries' currency.

Quite simply, unless you hold a digital asset that is part of the new QFS, you may find some of your assets being either banned or just simply going away.

Goldilocks' Comments and Global Economic News Sunday Evening 5-12-24

Good Evening Dinar Recaps,

Breaking: Ripple CEO Brad Garlinghouse on SEC Lawsuit, Crypto Predictions, XRP Victory | CoinGape

If you think that cryptocurrency is not part of the Presidential race this year, you might want to think again. The population is watching very closely on how Congress deals with our new digital economy.

At the end of June, our Markets in Crypto Assets and Stablecoins are about to become law. We have some coins that just simply won't cut the mustard after that date.

These new regulations becoming law will set directives on their use and their value going forward. Gold and other Commodities will back these tokenized assets and stablecoins that are going to be backed with enough gold and other commodities to keep these digital currencies at a stable value to represent their countries' currency.

Quite simply, unless you hold a digital asset that is part of the new QFS, you may find some of your assets being either banned or just simply going away.

At the end of June, utility case digital assets will begin to drive the market over speculation, and the cryptocurrencies that survive going forward will have a purpose.

This could cause a Black Swan Event temporarily in the markets as new Tokenized Assets become adopted on a massive scale. Every sector of the market will begin feeling the pressures of movement into a real value in the second half of this year.

Ripple will begin to move assets across borders near and far. It will begin creating a level of competition with the dollar and other currencies, but the ability to level off Currency Market opportunities will commence at that time.

Ripple will be the common currency used to make currencies around the world have a real chance at going to a real value based on demand and supply backed by commodities.   CoinGape

WATCH THE WATER.

© Goldilocks
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US House Committee set to address regulatory issues over digital assets through review of FIT21 Act | FX Street

The House Committee on Rules publicly announced intentions to address digital asset regulatory issues.

Financial Innovation and Technology for the 21st Century Act would be reviewed to better address the state of digital assets. 

Billionaire Mark Cuban says that crypto is the way to win the votes of younger and independent Americans. 

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Vietnam welcomes US consideration of market economy's status for VN |  VietnamNet

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Vietnam: Market-economy status shouldn’t require a ‘perfect score’ | InsideTrade

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📈 Facing Today's #stagflation Reality | Youtube

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Uphold CEO On XRP, ODL & Mass Adoption! | Youtube

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FYI: I only post in this room, and people are welcome to take any information out of this room to other places.

I do not post outside of dinar land, but I have seen this information throughout the internet inside professional business venues.

This is a free gift to the group of people that I am a part of and always will be.

© Goldilocks

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Leading European bank to halve oil and gas exposure by 2025 | Offshore Technology

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Standard Chartered Bank to fund green Chinese firms in Africa-Xinhua | English News

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Scaling AML compliance with AI to prepare for the next black swan event | BAI
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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

Economist’s “News and Views” Sunday 5-12-2024

NOT GOOD: Europe’s JUNE CUT Signals Major Economic Danger For The US

Sean Foo:  5-11-2024

The ECB has signalled they are cutting rates in June, but this isn't good news. It's admission that Europe's economy is weak and it's time to goose up the system again.

This is bad news for the Fed because rate cuts might not even come in 2024.

Staying higher for longer is pushing the US over the cliff and by the time the cuts come in, it might already be too late. Here's what you must know!

NOT GOOD: Europe’s JUNE CUT Signals Major Economic Danger For The US

Sean Foo:  5-11-2024

The ECB has signalled they are cutting rates in June, but this isn't good news. It's admission that Europe's economy is weak and it's time to goose up the system again.

This is bad news for the Fed because rate cuts might not even come in 2024.

Staying higher for longer is pushing the US over the cliff and by the time the cuts come in, it might already be too late. Here's what you must know!

Timestamps & Chapters:

0:00 ECB's Deadly June Cut

3:14 US Economy "A House Of Cards"

5:39 Cuts Signals Recession RISK

8:10 US Consumer Sentiment Collapse

10:52 The Fed Is Trapped

https://www.youtube.com/watch?v=p4PZ0vf2tCY

MARKETS A LOOK AHEAD: Is $20,000 GOLD Possible? Let's Talk About It...

Greg Mannarino:  5-12-2024

https://www.youtube.com/watch?v=OIwImh-HajQ

CHINESE Yuan Knocked Down EURO: Who is next?

Fastepo:  5-12-2024

As of April 2024, the Chinese yuan continues to hold its position as the world's second-most used currency in SWIFT trade settlements surpassing Euro, maintaining a significant share of 5.8% of international payments since September 2023.

This status underscores China's growing economic influence and its strategic moves to internationalize its currency, aligning with its broader geopolitical and economic goals, including engagements within the BRICS bloc.

The rise in the yuan's usage in global finance is attributed to several factors, including China's extensive trade networks and increased acceptance of the yuan in trade finance, particularly in regions experiencing economic volatility.

The yuan's role as a trade and reserve currency has been strategically bolstered through bilateral agreements and the establishment of currency swap lines with various central banks worldwide.

Overall, the yuan's ascent in the rankings of global currencies is a reflection of China's advancing economic stature and the international community's increasing confidence in engaging with its currency for global trade and finance transactions.

In this video, we'll delve into the current dynamics of two major currencies: the Chinese Yuan and the Euro.

We'll explore the strategic initiatives that China and the European Union are implementing to shape the future of their currencies.

Additionally, we'll discuss how China's involvement in the BRICS alliance has bolstered its position in the global trade arena.

And finally, in the video, we will compare digital currency developments in China with those in the European Union, examining how each is advancing their digital currency initiatives.

https://www.youtube.com/watch?v=Y5xrWTD3fmc

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

More News, Rumors and Opinions Sunday Afternoon 5-12-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 12 May 2024 Compiled Sun. 12 May 2024 12:01 am EST by Judy Byington

Apparent Timing of Operation Storm and the Global Currency Reset:  (RUMORS)

Wed. 1 May: The Global Currency Reset of 209 countries (Allegedly)  began.

Fri. 3 May: Iraq (Allegedly)  celebrated their financial inclusion in the Global Financial System. Columbia, Brazil, Chile Paymasters began RV-ing.

Sat. 4 May: Foreign Currency Exchange Regulations were (Allegedly)  completed.

Mon. 6 May: Wells Fargo(Allegedly)   gave the Green Light for the Global Currency Reset.

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Sun. 12 May 2024

Compiled Sun. 12 May 2024 12:01 am EST by Judy Byington

Apparent Timing of Operation Storm and the Global Currency Reset:  (RUMORS)

Wed. 1 May: The Global Currency Reset of 209 countries (Allegedly)  began.

Fri. 3 May: Iraq (Allegedly)  celebrated their financial inclusion in the Global Financial System. Columbia, Brazil, Chile Paymasters began RV-ing.

Sat. 4 May: Foreign Currency Exchange Regulations were (Allegedly)  completed.

Mon. 6 May: Wells Fargo(Allegedly)   gave the Green Light for the Global Currency Reset.

Sat. 11 May: Multiple sources including the US Treasury said that Tier4b (us, the Internet Group will (Allegedly)  begin currency exchanges and Zim Bond redemption.

On Tues. 28 May 2024 US (banks?) will be (Allegedly)  transitioning it’s T+2 Equity Cycle to T+1 which will have a significant impact on operating financial models across the World. Moving to a 1 day settlement will impact markets not just in the US but globally as well where the velocity of money will double in speed.

Global Currency Reset:

Judy Note: No information has been received about Tier4b (us, the Internet Group) start of the Global Reset exchange and redemption appointments. The last we heard was that everyone was prepared to have them begin this weekend.

Fri. 10 May 2024: GESARA and UBI Distribution: Exploring the Synergy of GESARA, Quantum Phones, UBI, and Quantum Technology in the Age of Starlink – American Media Group (amg-news.com)

Fri. 10 May 2024: Zimbabwe’s Economic Renaissance: Pioneering the Gold Rush with BRICS Alliance and Gold-backed Currency – American Media Group (amg-news.com)

Sat. 11 May 2024: The BRICS Revolution: Africa’s $260 Billion Trade Pact That Terrifies the US – $260 Billion in Trade Without a Single Dollar! – American Media Group (amg-news.com)

Read full post here:  https://dinarchronicles.com/2024/05/12/restored-republic-via-a-gcr-update-as-of-may-12-2024/

************

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26  This [new green 1000 fil note] is not a "lower note"...it falls under the category of fils.  What does that mean? ...It takes 1,000 fils to make 1 dinar.  What does that mean It means the monetary reform is successful.  It's brilliant! ...it is cheaper to print paper than it is to mint coins...They are not minting coins right now...these are called fils but they're in paper form...

Mnt Goat   In Mawazine News – Baghdad an article tells us that the Central Bank Governor Al-Alaq, on Thursday, announced the progress of a plan supported by the GOI to change the map of the banking sector and its reality in Iraq. WOW! This could be really BIG! Let’s see how this shakes out.

Peter Schiff and Steve Hanke Debate Inflation, Debt Crisis, Dedollarisation

David Lin:  5-12-2024

Steve Hanke, Professor of Applied Economics at Johns Hopkins University, joins Peter Schiff, Chief Market Strategist of Euro Pacific Asset Management, to debate their inflation outlook, causes of inflation, future of monetary policy, economic growth outlook, and interest rates.

0:00 - Intro

1:47 - Inflation outlook

18:35 - Fed monetary policy

 29:00 - Causes of inflation

36:40 - Economic growth outlook

 52:50 - Investment implications

 55:10 - Dedollorization

56:55 - Bond yields outlook

59:50 - Bitcoin

1:00:56 - Peter Schiff

1:02:06 - Steve Hanke

https://www.youtube.com/watch?v=WpkhCMbYtTI

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Iraqi News Highlights and Points to Ponder Sunday Afternoon  5-12-24

Iraqi News Highlights and Points to Ponder Sunday Afternoon  5-12-24

Deputy: Iraq Represents An Important Factor In The Stability Of The Global Oil Market

Economy | 05:40 - 05/11/2024   Mawazine News – Baghdad    MP Nour Nafie Al-Jalaihawi confirmed, on Saturday, that Iraq represents an important factor in the stability of international markets in the oil and energy file.

 Al-Julaihawi said, in an interview followed by Mawazine News, that “developing Iraq’s oil and gas fields is an important strategy in order to strengthen the country’s economy, diversify its revenues, and seek to raise the efficiency of its production capacity in a way that contributes to increasing exports.”

She added, "The Prime Minister's launch of the fifth supplementary licensing round and the sixth round, which will include 29 projects in fields and exploratory patches, whether oil or gas, spread across 12 governorates, is a step in the right direction that will lead to achieving three positives at the same time: increasing its ability to pump oil and produce gas and reducing the bill."

Iraqi News Highlights and Points to Ponder Sunday Afternoon  5-12-24

Deputy: Iraq Represents An Important Factor In The Stability Of The Global Oil Market

Economy | 05:40 - 05/11/2024   Mawazine News – Baghdad    MP Nour Nafie Al-Jalaihawi confirmed, on Saturday, that Iraq represents an important factor in the stability of international markets in the oil and energy file.

 Al-Julaihawi said, in an interview followed by Mawazine News, that “developing Iraq’s oil and gas fields is an important strategy in order to strengthen the country’s economy, diversify its revenues, and seek to raise the efficiency of its production capacity in a way that contributes to increasing exports.”

She added, "The Prime Minister's launch of the fifth supplementary licensing round and the sixth round, which will include 29 projects in fields and exploratory patches, whether oil or gas, spread across 12 governorates, is a step in the right direction that will lead to achieving three positives at the same time: increasing its ability to pump oil and produce gas and reducing the bill."

Importing the latter, in addition to revitalizing neighboring regions and providing more job opportunities, not to mention supporting the governorates and financing service projects.”

She stated that "Iraq represents an important factor in stabilizing international markets in the energy file and increasing its production capacity is a step in the right direction, especially gas fields, in order to reach the stage of sufficiency."   https://www.mawazin.net/Details.aspx?jimare=247775

90 Billion Dinars Were Recovered From Social Protection Violators

Posted On05-12-2024 By Sotaliraq   Yesterday, Saturday, the Social Protection Fund in the Ministry of Labor and Social Affairs counted the money recovered from transgressors since its establishment and during the current year 2024, while explaining the reason for the cessation of its projects.

The Director General of the Fund, Siham Abdel Wahab, said, “(90) billion dinars have been recovered from the beginning of the Fund’s establishment in 2015 until now, while the funds recovered during the current year from the period 1/1/2024 to 4/30/2024 amounted to a limit of (5) billion dinars after the intersection of information and extracting the names of the transgressors.” LINK

In Numbers: The Rise In Internal Debt In Iraq

Time: 05/12/2024 Read: 624 times   {Economic: Al-Furat News} An economic expert revealed that the total internal debt in Iraq increased during the month of last April.

Manar Al-Obaidi said in a statement, a copy of which was received by {Al-Furat News}, that "the total internal debt last April rose to 76.9 trillion dinars, up from the previous month of March by 5%, as the total internal debt of Iraq was 73.2 trillion dinars."

He pointed out that the total debt increased "by 10.39% compared to April 2023, as the total internal debt at that time was 69.7 trillion dinars."   LINK

Iraq Is The Largest Producer.. OPEC+ Is Pumping Higher Than Scheduled And In Anticipation Of The June Meeting

Energy  Economy News _ Baghdad  OPEC+ crude oil production decreased by 210,000 barrels per day on a monthly basis, to 41.04 million barrels per day last April.

This came according to a survey conducted by S&P Global Commodity, as Russia began implementing a deeper production cut amid a series of Ukrainian drone attacks on its refineries.

However, this decline is unlikely to be enough to calm tensions over compliance, with Russia failing to meet its target, and Iraq and Kazakhstan continuing to produce quantities well above their quotas, according to the survey.

However, this decline is unlikely to be enough to calm tensions over compliance, with Russia failing to meet its target, and Iraq and Kazakhstan continuing to produce quantities well above their quotas.

The two countries exceeded excess production by nearly 1 million barrels per day in early 2024, and committed to compensate for this between May and the end of December 2023, and these plans were adjusted depending on future production and OPEC+ policy decisions based on the data.

Iraq and Kazakhstan continued to produce beyond quotas, despite their pledge to compensate for their surplus production in early 2024.

As for the June meeting, the production data for last April will be the talk available to OPEC+ ministers when they meet to determine production levels, and analysts expect the group to extend the current quotas and voluntary cuts.

Iraq produced above its quota last April, when production reached 4.24 million barrels per day, a decrease of only 4%, compared to the previous month, which amounted to 4.28 million barrels per day. Thus, it produced above its quota by 240 thousand barrels per day. Views 20 05/12/2024 - https://economy-news.net/content.php?id=43343

The Discovery Of 10 New Oil And Gas Fields In The Anbar Desert

Economy   Information / Anbar..   Anbar Governor’s Advisor for Energy Affairs, Aziz Khalaf Al-Tarmouz, announced today, Sunday, the discovery of 10 new oil and gas fields in the Anbar desert in western Iraq.

Follow the “Al-Ma’louma” channel on Telegram.. News that does not require documentation..

Al-Tarmouz told Al-Maalouma, “The Oil Exploration Company affiliated with the Ministry of Oil conducted exploration operations in the desert of Al-Nukhayb district towards the Arar border crossing with Saudi Arabia and the areas south of Tharthar, which resulted in the discovery of 10 new oil and gas fields that were not registered with the Ministry of Oil.”

He explained, “These fields contain large quantities of petroleum derivatives, minerals, and phosphates,” noting that “expectations indicate that these areas float on lakes of oil.”

He denied that “exploration operations for oil and gas fields have stopped for security reasons,” indicating that search and exploration operations will continue. According to a plan drawn up by the concerned authorities. Ended / 12A   LINK

Oil: Iraq Achieved Self-Sufficiency In Liquid Gas And Began Exporting The Surplus

Energy  Economy News _ Baghdad   The Ministry of Oil announced today, Sunday, that Iraq's oil reserves have risen to more than 160 billion barrels, while indicating that 22 international companies are competing for gas field development projects, stressing that Iraq has achieved self-sufficiency in liquid gas and has begun exporting the surplus.

The ministry’s spokesman, Asim Jihad, said in an interview with the Iraqi News Agency, followed by Al-Iqtisad News, that “the fifth and sixth round of supplementary licenses come in line with the government program that aims to optimize the investment of oil and gas wealth.”

 He added, "The Ministry aims to maximize national production, especially of hydrocarbon and gaseous compounds found in the ground," noting that "there are 22 international companies competing for projects to develop these fields."

He pointed out, "Most of the exploration blocks nominated for competition are gas exploration blocks, and therefore this will support the energy sector in Iraq."

Jihad confirmed, "The Ministry of Oil has achieved important steps in optimal gas investment projects in Maysan Governorate, at a rate of 300 cubic feet, and in Dhi Qar / Nasiriyah and Al-Gharraf Governorates, at a rate of 200 million standard cubic feet per day."

He continued, "The contracts concluded by the Ministry regarding the Nahran Omar field will provide 300 million standard cubic feet in two stages, while the contract with Total will provide 600 million standard cubic feet per day."

He pointed out, "The fifth licensing round will achieve more than 800 million standard cubic feet of gas, in addition to the efforts of the Basra Gas Company, where gas investment has reached 1,200 million standard cubic feet per day."

He went on to say: "It is hoped that 200 million standard cubic feet will be added this year, so in total Iraq aims to achieve self-sufficiency to support the energy sector and reach the stage of self-sufficiency."

He stressed, "Iraq has achieved self-sufficiency in liquid gas, and the surplus was exported outside the country," noting that "this step is important in strengthening the Iraqi national economy."

According to him, “the government effort focused during the last period on intensifying exploratory operations, and therefore this will lead to maximizing the Iraqi oil reserve,” adding, “It is hoped that during the coming period it will be announced that the Iraqi oil reserve will increase to more than 160 billion barrels, which will enhance the role of Iraq in the global oil market.

Regarding the activities of the fifth supplementary and sixth licensing round for the second day, Jihad explained, “The activities of the second day included competition for 11 fields and exploration plots, and these patches and fields began with the Abu Khaimah field in Al-Muthanna Governorate, which was transferred to the Chinese company Zenoa.”

Jihad added: “Now there is competition for the goat patch in Anbar Governorate. Competition will also take place today for patch No. 7 in Diwaniyah Governorate, Al-Dhafriyah field in Wasit Governorate, Sumer patch in Al-Muthanna Governorate, Tal Hajar in Nineveh Governorate, Al-Khanah in Salah al-Din Governorate, and Anah in Anbar.” Plot No. 11 in Najaf Al-Ashraf, Al-Anbar Plot in Anbar Governorate, and Qalat Saleh Field in Maysan.

He expressed his hope that “these projects will be referred to competing international companies, in a way that will achieve a major transition in this context,” and tomorrow “the competition will be for another group of fields and exploratory patches.”

Yesterday, Saturday, Prime Minister Muhammad Shiaa Al-Sudani sponsored the ceremony to announce licenses for the fifth supplementary round and the entire sixth round, which includes a total of 29 projects for oil and gas exploratory fields and patches, distributed among 12 governorates.

Views 52    05/12/2024 - https://economy-news.net/content.php?id=43338

Provoking Thoughts and Points to Ponder on Wealth

True abundance is not about gathering more things, it's about touching the place in us that is connected to the divine source of abundance, so that we know what we need in the moment will be provided.  - Mary Manin Morrissey

The ideal social state is not that in which each gets an equal amount of wealth, but in which each gets in proportion to his contribution to the general stock.  - Henry George

I'll fares the land, to hastening ills a prey, Where wealth accumulates, and men decay; Princes and Lords may flourish, or may fade - A breath can make them, as a breath has made - But a bold peasantry, their country's pride, When once destroy'd can never be supplied.  - Oliver Goldsmith

Riches either serve or govern the possessor.  - Horace

The wealth of nations is men, not silk and cotton and gold.  - Richard Hovey

Life is short. The sooner that a man begins to enjoy his wealth the better.  - Samuel Johnson

Our Lord commonly giveth Riches to such gross asses, to whom he affordeth nothing else that is good.- Martin Luther

 http://famousquotesandauthors.com/topics/wealth_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.html 

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