Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television is now saying some of the banks that had restrictions on them have been lifted and the others will soon be lifted in time. FRANK: In time for the new exchange rate!
Samson Article: “URGENT: Sudanese Advisor: The 2024 budget has entered into force… and there is no need to send its schedules to Parliament”
Deepwoodz On June 12, 2023, the GOI passed what they call the tri-partite budget (THREE YEARS). So the operational side has been done since then with no need for any votes by parliament…
Walkingstick Question: “What’s the next major step that has to happen?” We’re looking for Sudani to make an announcement…They’re going to come out and talk to them. It’ll happen pretty much at the same time. It is leading up to that event.
MarkZ [via PDK] Comment: I had heard that dinar will be 3.90 to 1 usa…wouldn’t that be great? MarkZ: We have heard that rumor…it’s in the range of possibility – no way to confirm until we are at the banks.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: We have Saleh the finance advisor to Sudani on television, Iraqi Channel One right now and he’s saying that today the 2024 budget it’s in full force. He also says it’s active and there’s no need to send this budget to parliament for any approval. We are very confused. We thought it was being amended…Now saying no need to send. FRANK: The budget does not need parliament. I keep telling you this over and over over. The budget waits for the new exchange rate. The exchange rate is not waiting for anyone or anything especially stupid parliament.
Militia Man Article: “We will see the dollar decline in the black market soon…the central bank’s credit rating [from the World Bank] is an A++ and exceeded the United Arab Emirates…” That’s the prime minister’s advisor talking…That’s phenomenal. It’s big. It says a lot. It says they have trust. It says Iraq has the ability to pay back their bills.
Jeff Mid last week I posted “The Final Countdown” …Here’s the reason why right here…The approval of Iraq’s budget is waiting on the rate change. That’s why it’s been outstanding/ pending for 6 weeks. This week we’re entering into will be its seventh week. In order for them to complete and approve, the budget is waiting for the rate to change …You’re seeing countless articles on this. This is a critical piece to the timing of the rate change.
MarkZ [via PDK] Comment: This week sure feels promising to me. MarkZ: I agree – it does feel promising. I am expecting a lot of key information to come out this week.
Nader People calling me since last Thursday asking me, ‘We hearing the exchange rate will change on Monday?‘ …I didn’t see anything about Monday. I see really good news. I believe with all this going on they should go for it. I think they’re ready. I don’t know when or why not. Some people saying Monday…before the end of the month…May… July. It’s all prediction. I wish it could happen now. Today…Let’s watch it…
Frank26 WEF [World Economic Forum]…no doubt this is good. World exposure, this is good…They’re being invited to the big boy corrupt party because they have a big boy exchange rate. That’s the important thing.
Mnt Goat The Minister of Commerce and Chairman of the National Committee concerned with Iraq’s accession to the World Trade Organization, Atheer Daoud Salman Al-Ghurairi…Article quote: “…the completion of the files for the initial offer of goods and services within the files for joining the organization”. No, they did not yet announce Iraq’s full accession to the WTO but this is certainly getting close…I assume sometime soon, the National Committee will hold its third meeting with Iraq on the accession review… With the US now backing Iraq this should move along quickly now.
