Dinarland Highlights – 11.29.22
“Jordan: Baghdad supplied Amman with 3.4 million barrels of oil at a “preferential price“
“The official Jordanian News Agency (Petra) reported that about 3.4 million barrels of Iraqi oil had arrived in the Kingdom as of Tuesday, according to a Jordanian-Iraqi agreement to buy oil “at a preferential price less than the price of a barrel of Brent by $16“
Ladies and gentlemen drum roll! We have Article 140…We have HCL…Now that equals Article VIII. Article VIII is what every contract…country…investor have been waiting for. Article VIII tells the people to bring their money into this country of Iraq. They are now secure. All the banking systems are international, modern, up-to-date. We’re even about to add value to it with a new exchange rate. They know what’s going on…
[Iraq boots-on-the-ground report]
FIREFLY: Sudani appointed two ministers…he says it’s to speedup the preparation of the budget to parliament…Sudani is becoming an amazing leader for us. He too says, he expects the budget to be approved in January of 2023.
FRANK: That’s Sudani. You also have February. You also have March. All these opinions. You also have me pleading the “5th”…
“KRG delegation in Baghdad to resolve outstanding issues”
…This is the Kurdistan regional government. Why is article 140 important? …We were told years ago that when we saw 140 pass it would be very close to seeing the revaluation of the Iraqi dinar. Article 140 addresses sharing money with individual Iraqi citizens…of course this is oil and gas revenues for the Kurdish region as well. This was an enormous missing piece that got filled last night. I was reminded of this by folks last night that are way up the chain on this…They are very excited.
The passing of article 140 is huge…and a big part of the excitement today. …Iraqi chatter…from overnight…is they are going to announce to the world that they changed their rate on the 3rd of Dec…theoretically they need to RV a few days ahead of that… This would mean things need to happen very soon…seems the 140 implementation has shaken things loose over there and was a massive step forward for Iraq. I think it could be tomorrow…or it could be the 3rd…I think we are in the short end of it. No one knows the exact timing until it happens…we just know what they are expecting.
I got people out there talking [that] this next budget we’re going to see a huge increase in the Iraqi dinar exchange rate. No you’re not…Let me tell you why. For the same reason I stressed the first time you might not see the exchange rate happen, they were still missing a ton of money…you might indirectly end up financing a terrorist group who stole the money. Remember ISIS stole a big chunk of the Iraqi dinar so if they couldn’t account for it then they weren’t going to change the exchange rate in fear of accidentally financing a terrorist group. The same could be said for this right here.
“Al-Sudani announces the recovery of large sums from the theft of the century“
…over 2.5 trillion dinar has been stolen. They recovered 182 billion of it. In your wildest dream you think these people are going to turn around and increase the exchange rate knowing that a huge amount of money out there…in the hands of criminals? And make these people even richer than they are? No it’s not going to happen…
“Opec+ decision did not reduce Iraq’s exports“
OPEC+ produces 43 million barrels of oil per day. Iraq produces 11% of this total…supply and demand is still king… next years prices per barrel…will be between $85 and $95 maybe less…OPEC controls and hold approximately 80% of the world’s oil so for now Iraq’s revenue is okay and for that we are grateful.
[Guru] Frank26…claims…nobody is under an NDA because they’re all talking about it. That’s true, nobody is under an NDA regarding Iraq
“Al-Fatlawi: The torrent of anti-corruption will affect many names, most notably Al-Kazemi“
I believe we heard $150B dinars were being returned to the people per the announcement by Al-Sadani. He didn’t hold that information back…for a reason. He wants not only the people to know his governments actions but also a message to the international market that they mean business! They will need the secondary markets soon and they need to demonstrate action specific to corruption…and yes, more $$$ to come. Anybody hear from Maliki?
“Turkmen Parliamentary Bloc holds a conference on ‘attempts to activate Article 140“
Iraqi Dinar Revaluation and Global Currency Reset News | Dinar Chronicles
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