Jeff

Question:  “How long should we wait to go to the bank if we are not needing money ASAP?  In other words do you think it will start floating fairly quickly […]

I will keep you guys up to speed as to when the rate changes and all that but it’s very very close.

Article: “Al-Sudani calls on American companies to participate in the ‘development renaissance’ in Iraq”  Quote: “Implementation of 18 agreements and MOUs signed during al-Sudani’s list to the US in 2024.”  Iraqi […]

 I’m not trying to give you a date…Iraq can only change the their rate on a Sunday.  The rate will change on what is their Sunday morning before or by […]

The number one thing that’s going to resolve [Bagdad and Kurdistan issue] is going to be the oil and gas law.  This is why they seem to have this never-ending […]

The critical part is we want to see them advance to the [budget] schedules but the rate has to change before the schedules can be approved…The schedules are the line […]

The budget amendments cannot get approved till after the rate changes…They’re working around a date waiting for the rate to change…

What we’re hoping to see through this week…they come out and give us some type of news saying that sometime in the near future they’re going to tentatively set a […]

They are preparing today to approve Article 12 amended portion of the three-year budget law.  What that does is make sure the Kurdistan region recaptures all their costs of extracting […]

Question:  “How long IYO will we have to exchange our 3-zero notes before they are rendered non-negotiable?”  Jeff:  …When they phased out the old Saddam Swiss notes and put the […]

They’re openly telling us they’re getting closer to getting the budget schedules to parliament for approval but to do that they’re waiting for the rate to change first…It’s very good […]

PM Sudani went to the UK Britain to put together a massive trade MOU agreement worth billions of dollars, a very large trade agreement.  It definitely will require the rate […]

 The government and parliament finished everything they needed to towards revaluing the currency bank as of September 28th.  That was their last productive real session of parliament.  That’s why to you […]

In order for parliament to approve those [budget schedules] the rate needs to change first…The fact that they did the second reading on only article 12 of the budget, that’s […]

‘Enhance integration into the national and global banking markets.‘  That’s why this is waiting for the rate to change.  You have to have an internationally convertible recognized currency first, then they […]

They’re bringing the budget off the shelf…I told you the budget would stay on the shelf collecting dust until they’re about ready to revalue.  From October 8th to now the budget […]

[Passing laws] is not a required step for the rate to change.  If they continue their typical pattern and trend where they can’t achieve a quorum or they have too […]

 Iraq’s ’25 budget still in the works with the government expected to send the budget tables to the council representatives in early February.  The rate needs to change before that guys.  […]

January is a very critical month for the rate change…Shabibi back in January 19, 2012 did a four-point rate change from 1170 to 1166…

Up Until, through the end of September…was the government’s busiest time period for having and holding sessions of parliament, getting record steps done, all in preparation for them to revalue.  […]

What they’re doing is selling US dollars to pay for and fund imports coming into Iraq…What they’ve done with this new transfer system is they’ve made backend changes that are […]

For them to approve the oil and gas law is absolutely waiting for the rate to change…Two very critical articles now saying they’ve magically reached an agreement on the Oil […]

Iraq’s critical laws at this point are waiting for the rate to change.  Iraq has not held a session of parliament since September 28th…Critical laws, not draft laws, are waiting […]

Nope, they haven’t stopped [the “auctions”].  They’re resuming.  They sell U.S. dollars daily abroad…because Iraq doesn’t have a tradable currency.  These remittances will continue until the rate changes.  The only real […]

There’s a lot of rumors…talking about how the rate might change on January 6th.  Disregard that.  I can promise you the rate is not changing on January 6th.  I’m going […]

The auctions have completely turned to normal…Absolutely nothing has changed, everything has returned and restored back to normal…Even though the auctions are normal the significant step in this is the […]

The currency auctions prior to the beginning of November were averaging around $250 million daily…Since November… they’ve remained elevated about $280 to $300 million daily…They’re emptying their coffers of the […]

A fair amount of people think the auctions have ended.  This article right here will crush and destroy that theory.  Article: “The central bank sells more than a billion dollars […]

One of the things the central bank is stating they’re going to do is…end that old electronic transfer system that exclusively works with the dollar and transition to a different […]

They’re implementing their banking reforms.  You have no idea how close you are to this rate change.  This is Iraq implementing their banking reform right in front of us.  The […]