Phillyman
Article:
"U.S. plan to sell oil reserves undermines OPEC supply management efforts"
Quote:
"U.S. President Donald Trump's proposal to sell half of the United States' strategic oil reserve surprised energy markets on Tuesday since it counters OPEC's efforts to control supply in order to boost prices."
If this goes through it will clearly keep the pressure on for Iraq to diversify their economy.
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Bruce (The Big Call)
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Bruce (The Big Call)
I didn’t expect to be here...because of the information we were getting that was so positive. What we were looking for last time on Thursday for this basically to come to an end. Iraq was looking good. We had confirmation and a news report on FOX yesterday that the war over in Mosul was over. That was telling us the liberation of Mosul was at hand. ...sources we have are much closer to the action ...tell us in fact it has been 3 weeks that Mosul had been liberated, but did not make the news until yesterday.
The lower denoms are out now through the ATM machines. It was in 13 of the 16 Providences up until yesterday at 10am our time. Then we found out the remaining 3 Providences caught up and became also 100% available for these lower denoms. These lower denoms wouldn’t have any value if the dinar hadn’t change its value already. You wouldn’t need lower notes if the dinar didn’t have a true value. ...in addition to that is you remember the term “fils”? In Iraq these fils are 1/1000th of a dinar...Those are out. Are these coming out of the ATMS? NO. They will be available in the banks. The lower denoms will be available in the banks and the ATMS. I remember years ago we knew that when we would see the lower notes, we are there. We are there. Iraq is basically in my opinion is ready...It is about to go, about to happen. We have heard it is the goal of those we talked to in Iraq to have this revalue of the dinar out in public and for us before Ramadan starts.
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Adam Montana
The lower denoms are out now through the ATM machines. It was in 13 of the 16 Providences up until yesterday at 10am our time. Then we found out the remaining 3 Providences caught up and became also 100% available for these lower denoms. These lower denoms wouldn’t have any value if the dinar hadn’t change its value already. You wouldn’t need lower notes if the dinar didn’t have a true value. ...in addition to that is you remember the term “fils”? In Iraq these fils are 1/1000th of a dinar...Those are out. Are these coming out of the ATMS? NO. They will be available in the banks. The lower denoms will be available in the banks and the ATMS. I remember years ago we knew that when we would see the lower notes, we are there. We are there. Iraq is basically in my opinion is ready...It is about to go, about to happen. We have heard it is the goal of those we talked to in Iraq to have this revalue of the dinar out in public and for us before Ramadan starts.
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Adam Montana
...the latest Dinar news, here's the deal: OPEC is set to meet tomorrow (Thursday 25th of May). Today's preliminary meetings went extremely well, and all my sources are telling me that the process should be a very amicable one tomorrow, when they make it official. This is NOT like an Iraqi Parliament meeting... we're not expecting this to drag out till the "next session". This should be solid TOMORROW. And what we are hoping for, fingers crossed, is that Iraq is quietly granted an exemption to the oil output deal for a limited time. This is going to be an incredibly opportune time for them to pop their HCL into place either immediately, possibly the same day or the 26th, or it will prompt them into taking the actions that will show us the HCL immediately following Ramadan.
Either way, we're hoping for an exemption on Iraq. The exemption should be good for the duration of the deal all of the OPEC participating countries have already informally agreed to (6, possibly 9) months, which is an ideal time frame for Iraq to pass the HCL and change the rate on the dinar. This is a PERFECT situation for us! if Iraq is granted ANY kind of exempt status from the limiting of oil production (that Russia and Saudi Arabia and others already agreed to take part in), this is red carpet and golden ropes time!
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RayRen98 (TNT)
Either way, we're hoping for an exemption on Iraq. The exemption should be good for the duration of the deal all of the OPEC participating countries have already informally agreed to (6, possibly 9) months, which is an ideal time frame for Iraq to pass the HCL and change the rate on the dinar. This is a PERFECT situation for us! if Iraq is granted ANY kind of exempt status from the limiting of oil production (that Russia and Saudi Arabia and others already agreed to take part in), this is red carpet and golden ropes time!
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RayRen98 (TNT)
We can hear the clock ticking pretty loudly. We are halfway through the week. We had an unusually quiet day yesterday for intel; most who have information agree there is a stalling...maybe pacing is a better word. Iraq is reporting 7% still left in Mosul, and it’s taking weeks to knock that out? We heard about successes on Monday, then nothing. We do think they want to have this wrapped up by Ramadan, which is Friday evening. We have been told about an in-country rate of 90 cents. I firmly believe that the lower denoms are in the ATMs and are disbursed in some areas; my sources have told me that, and I believe those sources. However, I have not personally ‘confirmed’ that. I expect to receive more information this week, to give us an indication of when we can make appointments in the US banks at the early part of next week, which would still be in May, before the end of the month. This ride is almost over.
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Phillyman
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Phillyman
Article:
"Invitations to activate the tourism sector"
Speaking of tourism...I just saw this.
Article:
"International Football Returning to Iraq"
Quote:
"After a years-long absence predominantly due to security concerns, international football will return to Iraq when the country hosts a second-round match of the Asian Football Confederation (AFC) Cup."
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Frank26 (KTFA)
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Frank26 (KTFA)
[Wouldn't it be a good ideal to announce Mosul this Friday so they can take advantage of this 3 day holiday weekend to load the rates?]
IOO...We no longer see a need for 3 days...Due to some much already in line for the RV. 24 (hours?) is suffice.
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
Courtesy of Dinar Guru