Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
Adam Montana

Adam Montana Weekly 26 April 2019

Recommended Posts

Good morning DV!

 

The sun is shining most places and it's a great day to be here!

 

No major updates on the dinar, but that's not discouraging in the least. If you check my last couple weekly updates, and then compare to the news posts over the last week, you'll see that we're simply tracking on a positive course.

 

All good stuff, my friends! :twothumbs:

 

VIPs, there is a new post up for you in the VIP section: 

 

I also sent out an email yesterday to all VIPs. If you're in VIP, and you did not see that email in your inbox, then it went to your spam or promotions or some other email destination... it's up to you to fix that! I can't control your email inbox, and we don't want you to miss important updates, so take a minute to ensure DinarVets emails are landing in your Primary inbox and you'll enjoy the peace of mind that comes along with that.

 

:pirateship:

 

One last thing - in that VIP post, I mentioned an upcoming OSI post. After sleeping on it last night, I am going to save that post for during Ramadan. 

 

That's it from me for today - let's use this thread for Q's from the members for my next update. The current news trend is really positive and I have a suspicion that I'll be doing more than one update next week.

 

GOOOOO RRRRVVVVVV!!!!!

 

:tiphat: 

 

 

  • Like 3
  • Thanks 7
  • Upvote 2

Share this post


Link to post
Share on other sites
35 minutes ago, arvee4me said:

I am loving all the positive news I am hearing.  Can't wait for that final e-mail!  Thanks Adam.

 

 

As long as you’re VIP that “final” email will just be the beginning :twothumbs: 

  • Like 3
  • Thanks 5
  • Upvote 1

Share this post


Link to post
Share on other sites

Hmmm.....not addressing the OSI info until Ramadingdong?........aren't you the one who says nothing ever happens during that illustrious event.......that leads us to mid June.....time to take a vacation or a long nap....    CL

  • Thanks 3
  • Upvote 3

Share this post


Link to post
Share on other sites
2 minutes ago, coorslite21 said:

Hmmm.....not addressing the OSI info until Ramadingdong?........aren't you the one who says nothing ever happens during that illustrious event.......that leads us to mid June.....time to take a vacation or a long nap....    CL

Noticed that, too, CL.  Unfortunately, apparently there was no major HCL news.  But, hope springs eternal.  We still have a week!!

  • Upvote 3

Share this post


Link to post
Share on other sites

Baghdad, Kurdistan to discuss oil disputes, 50 percent bpd boost in Kirkuk

48 minutes ago
 

http://www.kurdistan24.net/en/news/8a616b3b-8f4d-4df6-ae01-479391adf9e0


Baghdad, Kurdistan to discuss oil disputes, 50 percent bpd boost in Kirkuk
An employee works in an oil field in Iraq. (Photo: Archive)
 

ERBIL (Kurdistan 24) – A delegation from Baghdad will soon meet with officials from the autonomous Kurdistan Region to discuss disputes related to oil exports and other budget agreements, Iraq’s Oil Minister Thamer Ghadhban said on Thursday.

Ghadhban also stated that his ministry had conducted research to boost oil output capacity from Kirkuk Province's oilfields by 50 percent of the current level, Reuters reported.

Earlier this month, the Iraqi official visited Kirkuk and said that the Iraqi federal government would build a refinery in the province that would boost barrels of oil per day (bpd) that Kirkuk is able to produce.

“The ministry has put the final touches on building an investment refinery in Kirkuk with a capacity of 150,000 barrels per day and according to the latest international standards,” he said.

Exports from oil fields in Kirkuk to Turkey’s Ceyhan port rose to 99,000 bpd in March, from 63,000 bpd the month before, according to the ministry’s statement.

The disputed province, claimed by both the Kurdistan Regional Government (KRG) and the federal government of Iraq, has some of the oldest and largest oilfields in the Middle East.

Since 2014, Kirkuk’s oil was exported through the Kurdistan Region to Turkey. However, the shipment was halted after the military takeover by Iraqi forces and Shia militias in the province on Oct. 16, 2017. On Nov. 16, 2018, Baghdad restarted exports of Kirkuk oil to Turkey through the Kurdistan Region’s oil pipeline at a rate of around 50,000 bpd.

Iraq is the Organization of the Petroleum Exporting Countries’ (OPEC) second-largest producer just after Saudi Arabia and currently has an output below its maximum capacity of nearly five million bpd.

In early January, Baghdad reaffirmed its commitment to cut annual oil production as per an agreement between OPEC and additional non-member states such as Russia – known together as OPEC+ – to curtail global supply and bolster prices. 

Edited by 6ly410
  • Like 1
  • Thanks 1
  • Confused 1
  • Upvote 2
  • Downvote 1

Share this post


Link to post
Share on other sites
13 minutes ago, coorslite21 said:

Hmmm.....not addressing the OSI info until Ramadingdong?........aren't you the one who says nothing ever happens during that illustrious event.......that leads us to mid June.....time to take a vacation or a long nap....    CL

Was thinking the same thing when I read that line. 

  • Thanks 1
  • Haha 2
  • Upvote 2

Share this post


Link to post
Share on other sites

Holy Moly! I know Adam didn't call out a date or anything but I REALLY liked this " The current news trend is really positive and I have a suspicion that I'll be doing more than one update next week"  Reading that blurb certainly got my attention as we wind this journey down. Thanks for all that you put into this Adam! Go RV!  

  • Upvote 4

Share this post


Link to post
Share on other sites
53 minutes ago, coorslite21 said:

nothing ever happens during that illustrious event.......that leads us to mid June.....time to take a vacation or a long nap....

 

Investing In Dinar Should Come With A Warning ! :o 

 

No Caption Provided

 

:D  :D  :D 

  • Like 1
  • Thanks 1
  • Haha 8
  • Confused 1
  • Upvote 1

Share this post


Link to post
Share on other sites
5 hours ago, coorslite21 said:

Hmmm.....not addressing the OSI info until Ramadingdong?........aren't you the one who says nothing ever happens during that illustrious event.......that leads us to mid June.....time to take a vacation or a long nap....    CL

Agree with your comment coorslite21,

Iraq is moving forward but still has a lot of work to do.... nothing gets done

in ramadingdong 😂

- government is not fully seated 

- financial inclusion started yesterday 

- third review IMF-SBA third quarter 2019

- e-governance project still in the work

- HCL and Art 140 in discussion 

- rampant corruption 

- Census 2020

- private banks in Iraq are still far from the banking business

-They haven’t started to develop private sector yet.

 

iraq needs an economy that can support a higher value of the IQD... they’re not there yet.

 

like you said CL21..... time to take a vacation or a long nap.

 

Go iraq 

Go reality 

Go work to do

  • Thanks 7
  • Haha 1
  • Upvote 3

Share this post


Link to post
Share on other sites

Laid Back

  • Om sai Ram
  • Laid Back
  •  
40 minutes ago, Laid Back said:

like you said CL21..... time to take a vacation or a long nap.

 

And This Is Coming From Our Resident Long Nap Expert - Hammock Boy ! :o 

 

Power NAP!. This is the real .. Fake and gay!

 

:D  :D  :D 

  • Like 2
  • Thanks 1
  • Haha 2

Share this post


Link to post
Share on other sites

Agree with you LB, I keep checking and hoping but it

looks like another wasted year. 

namaste..

  • Haha 1
  • Confused 3

Share this post


Link to post
Share on other sites
8 hours ago, DinarThug said:

Laid Back

  • Om sai Ram
  • Laid Back
  •  

 

And This Is Coming From Our Resident Long Nap Expert - Hammock Boy ! :o 

 

Power NAP!. This is the real .. Fake and gay!

 

:D  :D  :D 

Clown🤡 you crack me up👍🏼😂

5 hours ago, wildeman said:

Agree with you LB, I keep checking and hoping but it

looks like another wasted year. 

namaste..

wildeman, thanks for your input,

In my opinion its not another wasted year.... I see a lot of progress in different areas

but still work to do.

 

Go RV sooner than later 

Go $1:1

  • Like 1
  • Haha 1
  • Upvote 1

Share this post


Link to post
Share on other sites

Is it time to dust off the sleeping bag,and get ready to camp out in front of the bank? :lol:

  • Upvote 1

Share this post


Link to post
Share on other sites

"I am going to save that post for during Ramadan."

 

Yep. It's looking more like August again. Hopefully, THIS August!!! 

  • Haha 1
  • Upvote 1

Share this post


Link to post
Share on other sites

 

Kurdistan Region pays Gulf Keystone nearly $15 million for January oil share

By Rudaw 2 hours ago 
398Views
Kurdistan Region pays Gulf Keystone nearly $15 million for January oil share
An employee works at an oil facility in the Kurdistan Region. File photo: Rudaw
ERBIL, Kurdistan Region – The Kurdistan Regional Government (KRG) has made a gross payment of $14.7 million to British oil producing company Gulf Keystone for the sales it made from Sheikhan field in January.

“Gulf Keystone confirms that a gross payment of $14.7 million ($11.5 million net to GKP) has been received from the Kurdistan Regional Government for Shaikan crude oil sales during January 2019,” a statement released by the company on Friday said.

Gulf Keystone Petroleum operates in Sheikhan field in the Kurdistan Region of Iraq’s province of Duhok, which currently produces 40,000 barrels of oil per day.

The company first discovered Sheikhan field in 2009, which has plans to boost its daily production of crude oil in the field to 55,000 barrels per day. Overall production from the field has now exceeded 40 million barrels, the company says.

Other companies have commended the KRG for making timely payments as it recovers from the economic crunch. 

During the past four years, the KRG was unable to make a regular and timely payments to energy companies operating in the Kurdistan Region due to its overstretched financial resources allocated partly to fund its war with the Islamic State (ISIS), accommodate an influx of refugees from Syria and displaced persons from Iraq, as well as its budget share cut by Baghdad in 2014.

Following its budget cut by the federal government, the KRG started to implement an unpopular salary-saving system that paid employees only a portion of their salaries. The system was rolled back following the passage of Iraq’s federal budget for 2019 that saw the Kurdistan Region receive a share in order to pay employee salaries.

Nearly 1.8 million Syrian refugees and internally displaced persons (IDPs) turned to the Kurdistan Region to seek shelter after the Syrian conflict exacerbated and the jihadist group swept through Iraq and took large swathes of territory in the country.

Now that relations between the KRG and Baghdad have improved, the KRG is in a better position to regularly pay oil and gas companies working in the region. And this will create better conditions for oil and gas companies to invest more in the region, helping Erbil recover from the financial setbacks of the past four years.

Brent Crude Oil traded at $72.15 per barrel on Saturday, according to the Financial Times — down from just over $74 on Monday when US sanctions targeting Iran’s Islamic Revolutionary Guard Corps went into effect.
 
  • Thanks 1
  • Upvote 3
  • Downvote 1

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.



  • Similar Content

    • By Adam Montana
      Good day all! Today is Wednesday, 14th of August 2019.
       
      Last week we had some good comments - let's keep that going this week.
       
      We are at the end of Eid al-Adha, but that's not a holiday that brings business to a complete screeching halt like Ramadan. There is a lot of movement regarding the HCL, like the article below... I feel like handing out some awards this morning!
       
      Two trophies go to @DinarThug - one for the hilarious crypto related GIF, 
       
       
      ... and the next for a solid HCL related article:
       
       
      @Pitcher takes a medal for the solid GOLD post:
       
       
       
      This Iraqi dinar RV really looks like it's in the final stages, like the last swirling bits of something being poured through a funnel.  
       
      In your opinions, what's upcoming on the Iraqi RV schedule?
       
      Comment below and let's hear what the group has to say on important upcoming events... there aren't many left.
       
      GOOO RRRRVVVV!!!!
       
      - Adam
       
      P.S. If you subscribed to the brew's free newsletter, you'd already know about this salmon cannon... nothing makes my morning (check out the first response to that tweet) like some unnaturally flying fish!
       
    • By Adam Montana
      Good morning all!
       
      I have nothing to add to last week's update as far as my opinion goes.
       
      This thread has the most recent relevant news: 
       
       
      One thing to note: we have a short "official" break next week. We will see if that actually affects anything... with our current momentum, I doubt it will make a difference. 
       
      There is a handful of fairly meaningful posts in that thread above, and it's all recent... I highly recommend taking a look at it!
       
      Gold - hey hey! After yearrrrrrrs of flatlining, gold finally moved. Here's a good link. I know we have some diehard metalheads around here.
       
      In the crypto world - things are rocking and rolling there too! This was posted last Saturday in the VIP crypto section - leverage your crypto with this service. Pretty cool concept! https://www.coindesk.com/mastercard-co-brands-xrp-capital-backed-nexos-crypto-card
       
      So... what are your thoughts on dinar this week? How about precious metals, are we poised for a bull run? And don't forget the cryptosphere! BTC is at $11,772 as I write this... not too shabby!
       
      Comments go below.
       
      GOOOOO RRRRVVVVVV!!!!
       
       
       
      - Adam
    • By Adam Montana
      Good evening everyone!
       
      It is currently Thursday, 1st of August 2019.
       
      I started this yesterday and had a crash on my computer... by the time I got it sorted out, I realized I wanted to go a completely different direction with the update.
       
      Then I got swamped with *life* and before I knew it, BAM! A whole day had gone by... I'll just get to the MEAT of it!
       
      There's a lot of talk right now from the gurusphere... Article IV of the IMF, Article 140 with Iraq, HCL, Article VIII, August 2, Tiers of Tiers liquidating or being liquid or spilling liquid or... 
       
      The interesting thing about all this new Guru stuff out there? They are actually on the right path, for once.
       
      Except for that garbage about "tiers" being "liquid"... but if the Gurus were getting it ALL right, we'd be in a pretty scary time!
       
      The IMF, GOI, and a few other sources are putting out some VERY high profile talk right now, and it's too hot to ignore.
       
      We all know I can't predict the date or the rate, so I won't try... but I'll say this again:
       
      It's too hot to ignore right now. Sure hope you're in VIP!
       
      The following thread is about to be locked due to exceeding the bajillion post limit... blame @Synopsis and posts like this:
       
       
      Whether you're in VIP or not, now is probably a good time to throw out a couple friendly Public Service Announcements... my friends, be SAFE and SMART when this happens!
       
      1. Don't hand your currencies to anyone outside of a financial institution or maybe a currency exchange! (Regarding currency exchanges, there's almost 0 chance you'll get the "best" rate there.)
      2. NOBODY IS CASHING IN EARLY! I'll send an email to every member of DinarVets, and a text message to VIP members. VIP members will also get extra instructions, to actually get the best rates and the wisest next steps. VIP IS MONEY WELL SPENT.
      3. You WILL pay taxes... or face the consequences. If you want to pay the least amount legally possible... I have three letters for you: V. I. P.
      4. The initial rate *may* be the best we will get... or it may be wise to hold out for a subsequent raise. I'll inform the VIP members on all of this. 
      5. DinarVets will remain online, but it may be largely unmoderated... there's a chance that all topics will become "Read Only" while I'm busy working with the VIP members during the first couple weeks. You're going to be tempted to go elsewhere for information... you'll wish you were in VIP, with access to the VIP resources. I'll post as much information as I can, to help the general public, but I won't be able to take my time to monitor or post updates for those that didn't support the site pre-RV. BE CAREFUL OUT THERE.
       
      There's more, as always... there is always more. There is very little chance that you will need to cash in immediately, and a very big chance that some guru will be saying you need to. Just be sure to keep a cool head when this goes down.
       
      I am REALLY looking forward to some further developments on the latest, because I can't remember the last time we had THIS much good stuff brewing all at the same time.
       
      GOOOO RRRVVVV!!!
       

       
       
       
       
    • By Adam Montana
      Good morning good morning and happy 24th of July!
       
      I posed a question last week, regarding the budget and how "necessary" it is to change the value on the currency.
       
      Follow up... let's say the Department of Lawn Fertilization has 1 million IQD allocated to it. That's approximately $1000 (USD). 
       
      With an RV of 1:1 with the US dollar, the Lawn Fertilization Department now has 1 million USD, which is probably overfunded at that rate and wouldn't make sense, right?
       
      I see this playing out one of two ways, and only one really stands a chance...
       
      1. The previous budget stands, leaving a majority of departments overfunded to the point they have a surplus for many years.
       
      2. Immediately following the announcement of the rate change, a decree is issued stating that the previous US Dollar amount allocated to the Departments is still being used, and Parliament gets to work with a different mindset on the next budget.
       
      Iraq is currently operating on a budget fit for a pauper, even through by rights Iraq should be one of the wealthiest nations in the world.
       
      Iraq has, in the past, operated on budgets and status befitting their actual situation - that situation being one of the wealthiest nations in the world.
       
      This is such a basic and fundamental concept that it doesn't even need to be explained in detail. The natural question most of us have at that point is something like this: "When the rate changes, how is the Department of Lawn Fertilization (and every other Department) going to be happy with $1000 while there's obviously more money available? Won't this cause immediate civil unrest, throwing the country into chaos again, and immediately devalue the dinar again?"
       
      That would indeed be a problem!
       
      There's an easy solution: All Departments get an immediate credit, or "loan", equal to their portion of the budget X the RV rate. If it's a 10X RV, then the Lawn Fertilization gets access to 10X their original budgeted amount, to be reconciled and adjusted prior to the next Budget.
       
      The list of Departments that need to be accounted for is not so long that this would cause any problems. 
       
      The Departments having access to a greater amount will curb excess spending and abuse... the Department of Lawn Fertilization may not need 10X, so as they utilize their "credit", a cap can be applied to individual Departments throughout the remainder of the budget year.
       
      The People who hold physical Dinar simply benefit by the increase in value, just like we will.
       
      A new printed currency comes out within weeks or even days of the rate change, and we're all aware that the new notes are ready to be printed, if not already printed and being held for distribution.
       
      Iraq is currently in the final stages of preparation to return to their previous status in the world. They are not a country that has been in poverty for centuries... the are barely over a decade into their current situation. They have had a short setback in their financial situation, but at their core they are a rich country and this is not a huge mental shift for them to return to prosperity.
       
      The budget, in my opinion, is not something that will hold them back. A few strokes of the pen and some clicks of a mouse and the Budget is adjusted... bada boom, bada bing. Easy peasy lemon squeezy, no matter how they decide to handle it.
       
      It's not a complicated path.
       
       
       
      @presence made a fantastic post in last week's thread - I think it's worth repeating:
       
      "Theres been tremendous progress since the elimination of the  dasholes (despite the lack of elimination of a former PM.). SWIFT codes and.KPMG werent even a thiught a decade ago, nor was president Trump. I mention the latter because a proper 'deal' could and would eliminate the entire US debt - which is possible mathematically and would be structurally sound.
       
      I find it interesting that Trump.made a relevant reference in the news this week; while referring to the fact that the Iranian fiasco setup by Obama (Aka Valerie Jared) was only supposed to be 5 years in duration, he stated that agreements should be much longer when working with countries- in excess of 50 years in length. I recall reading an article prior to his election in which he said we should just take the oil from Iraq for what we've done for them; I'm sure Iraq and all other nations involved would agree that a lengthy deal.would be and is preferable.
       
      Recent events (just to name a few) such as the recent visit - and followup meeting just yesterday- of KRG with Baghdad, public comments regarding the completion of article 140,  Mahdi's visit to the White House on or about the 15th of July, the yet to be released statement and conclusion by the IMF (I'm pretty sure we would've heard something by now if their summation was negative), the stability and strength of the IQD's market rate and a sustained fluctuation of less than 2%,  stability and duration of the current price of oil, the development of digital technology and the coordination between NASD.and the Iraqi stock exchange, the recent "Fire Drill" at the IQD,  continued unrest and public demonstrations by the Iraqi citizens - all point in the direction that a positive change in rate of the IQD is coming - this year (I personally won't be surprised if it comes by Aug. 2nd.) 
       
      The most encouraging thing I left out are previous comments from the CBI that state a change in rate was supposed to have aleeady happened -years ago- and that it didn't due to problems in Iraq that have since been resolved- which further proves the current state of stability and security in Iraq.
       
      Go RV!!!"
       
      I don't know how much more I can add to that! Nice post, @presence 
       
      One more thought before I wrap this up - a lot of our news threads here have exceeded thousands of posts. Those threads will be locked (mods, please help me out here) in an effort to bring the most current news to the attention of those of us interested in reading. If you see a locked thread in the news sections, this does not mean we don't want to continue the conversation! It just means it's time to start a new thread on the topic.
       
      Have a fantastic day, everyone!
       
      GOOOOO RRRRVVVVVVV!!!!
       
      - Adam
       
       
       
       
       
    • By Adam Montana
      Happy Saturday all!
       
      The week was long, my apologies for getting this up so late...
       
      ... fortunately, I do not have to apologize for anything in Iraq. I know most of you don’t read the entirety of all the threads (who has time??), so I’ll bring a couple of important notes here. 
       
      This one, in particular, spells out EVERYTHING. 
       
      Iraq needs HCL (oil law) to really kick things into high gear. The oil law is many things, but of extreme importance is it’s scope regarding Kurdish relations with Baghdad inside the country. 
       
      You don’t have to do more than skim the following to see that this is ALL about that... and pretty much 100% positive. 
       
       
       
      That’s excellent stuff regarding the HCL, so I’ll leave that one for now. I have a question for the members here - I have my own opinion, and I’ll share that in an upcoming update. 
       
      The “budget” - specifically, this:
       
       
       
      There are a few “known” budgets. The operating budget that’s currently in place and a supplemental budget scheduled for September. We can argue that there are more than that, but let’s keep it simple. 
       
      I’ve seen a few comments regarding the possibility, or even impossibility, of a change in the rate without the “next” budget in place. This seems to suggest that people think a budget must be released that accurately accounts for an increased exchange rate. 
       
      This means Iraq would give the world a large notice that they intend to change the exchange rate before they actually do it... am I reading the comments wrong, or is that really a belief held by some of the members? If it is, I just want to understand your logic. 
       
      That's enough for now, I’ll follow up on that somewhat loaded question in a couple days. 
       
       
       

       
      - Adam
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.