Jeff Today the dinar is 1310 against the dollar…If they approve the budget Monday, the dinar value remains at 1310. That’s not a rate change. It’s not 1 to 1 either. It’s 1310…Sorry to burst your bubble but I want you guys to be informed and understand the truth in this…
Frank26 Remember I’ve said it for years, they are coming after you. 87,000 more IRS agents. You don’t think the timing is perfect for it? They’re coming for you… [NOTE: At the appropriate time consult your tax advisors to determine the correct tax for your unique circumstances.]
Militia Man The totality of the Development Road Project, 1310 is not going to work. They just don’t have enough money printed, period. They just don’t. We’re going to have to see how all that ties in with the budget because one of the things that’s still on the table is the Delete The Zeros Project. If that’s the case trillions turns into billions quite quickly…If they do what they say they’re going to do it becomes far far cheaper.
Samson Article “Iran: Iraq is one of the richest countries in the Middle East”
Pimpy I don’t think it’s going to RI but it definitely will revalue, without a doubt it’s not going to be reinstated.
MarkZ [via PDK] I expected it to be pretty quiet this weekend. But folks are geared up for early next week. I have been told by a number of them that are ready and positioned.
Jeff I’ve seen quite a few different investors out there that are super excited that Iraq was going to be approving their budget within parliament Monday…That’s a huge misunderstanding on your part if you’re excited…The budgets are calculated off the value of the currency. When a budget is implemented or while the budget is implemented the rate cannot change…If this budget got approved Monday, the next time they could change the currency…rate, they would have to wait until mid-year (September or October) or a new budget period of 2025 (March to April)…Once this budget gets approved, that’s the currency value that’s locked in it…It can’t be magically changed…It doesn’t work that way.
Frank26 Article: “Parliamentary Finance confirms the readiness of the budget tables for voting in Monday’s session“ I BELIEVE IN JUNE 3rd FOR MANY THINGS TO COME TOGETHER.
Militia Man The House of Representatives will vote next Monday on the budge schedules…We’ve been waiting for it… Is it important? Is it not important? Obviously it’s a focus. Article Quote: “Mustafa … announced the House of Representatives intends to vote on the financial budget tables for the year of 2024…It will be held at 3:00 in the afternoon on Monday.”
Samson Article: “The Finance Committee confirms the approaching end of its work on the budget tables: We are ready for Monday’s session” House of Representatives are under the gun – Monday 3:00 PM Baghdad Scheduled for a Vote.
Clare Article: “Parliamentary Finance confirms the readiness of the budget tables for voting in Monday’s session”
Tishwash Article: “Iran: Iraq is one of the richest countries in the Middle East” Quote: “...Iraq is considered one of the richest countries in the Middle East, in that it possesses 85 billion dollars in foreign exchange reserves, 130 tons of gold reserves and 147 billion reserves, confirmed from a barrel of crude oil (ranked fourth in the world), explaining that it achieved from selling crude oil an income equivalent to $76 billion in 2021, and $120 billion in 2022.“
