MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: GE all, Mark and mods. Bring us some good news please.
MZ: I have a number of bond contacts that reached out today to let me know that they are expecting timing and procedures updates tomorrow to let them know how they are handling the first 1%…times are ranging from mid- afternoon to evening tomorrow. So I should have an update tomorrow night what bond folks are hearing and expecting.
MZ: “Al Mashandi directs the lifting of the stalled laws to the Presidency of the House of representatives” Those laws are coming off “stuck” . One of those stalled laws is the HCL.
MZ: “In preparation for the resumption of exports, Parliament will raise the cost of purchasing oil in the 2025 budget” Now the Kurdish region can actually make money on the production of oil. This is one of the biggest sticking points between Baghdad and Erbil for the HCL.
MZ: “Relationship on the closing of the platform . There is no sudden transition but rather a gradual transition that will be completed within two weeks” Here are your banking changes. Alak announced today that their banking system is at its best. The process began in 2024 and there is 5% left to be completed within the next 2 weeks. Before Victory Day on Dec 10th I hope and pray it is done by then.
MZ: There are a whole lot of folks that say all these things coming together means a rate change. I believe them to be accurate.
MZ: If we are still sitting here after Dec 10th I am really gonna start to wonder.
MZ: “Officially Elena Romanowski’s assignment in Iraq ends” I would like to point out that a number of revaluations in the middle east while she was with the state department or an Ambassador…she was famous for that …maybe Iraq will be her “swan song” on her way out of the door.
MZ: We do not yet know who Trump will be putting in as the Ambassador to Iraq…..but you can bet it’s someone who is pro revaluation.
