Clare Article: “Securities Commission: Iraq Stock Exchange Leads Arab Financial Markets” Quote: “the Arab Monetary Fund mentioned in its monthly report for October 2024 the distinguished performance of Arab financial markets, as the Iraq Stock Exchange topped the list of best performing markets during the month, recording a growth of 12.39%, ahead of the rest of the markets in the region.”
Frank26 Someone right now can buy 1 million [dinars] …for $1,200, $1,300 but when the blessing occurs you’re going to end up spending a million to buy a million dinars. No, I don’t think so. But the whales and sharks will. They’ll buy 1 million dinar for $1 million because they know as it floats it’ll go to $3 million and they made a killing. That’s when the sharks make their money. They smell the chum right now and some of them are moving but not as much as they will when it happens. When it happens big boys play with big money.
MarkZ [via PDK] We did have some good news out of Iraqi parliament… “Parliamentary Finance: Satisfaction and optimism with the rate of completion of the government program” They want you to know that they made great progress and have expectations for the budget to be voted on in the next few days…
Pimpy Let me tell you what I think about how everything is going to affect this investment in Iraq. Trump already told you, they’re going to drill baby drill. When he spoke with Elon Musk…and Rand Paul doing something about the Federal Reserve he told the people specifically do what you need to do but stay away from the oil. Period. He’ll handle the oil. We’re going back to being the number one exporter of energy...The last time he did that…it drove prices way down…Damn near bankrupt Iraq. That’s what Trump did last time for Iraq.
Samson Article: “Central Bank Completes Examination for Granting Certified Branch Manager”
Walkingstick The ending of the auctions is very significant and very telling…It was the reason for all this thievery, all of this profiteering that was the lifeline of the parallel market...This is an interesting moment and I think things are being built and put in possession for this stoppage because they said to the citizens, at that time it will be a financial turning point…What comes after the auctions? Purchasing power.
MarkZ [via PDK] Comment: There are rumors HCL is done. MarkZ: They are operating as if HCL was done. I am convinced it is done- just not officially announced yet. Question: What is HCL? MarkZ: Hydro Carbon Law. it’s the profit sharing between the Erbil region and Iraq. We were told when it is passed – the RV can occur. Within days of it passing the new rate should be out…It may be time to start getting excited…
Militia Man What we’re seeing is some of the most exciting times we’ve ever seen. Article: “Iraq is positioned to create a robust digital economy. It could emerge as a model for how thoughtful policy and collaboration can fast track a nation into the digital age unlocking vast potential for years to come.“ This is big. I can’t believe it’s finally seeming to be upon us the digital transformation of Iraq has gotten to the stage where…the digital world is going forward.
Clare Article quote: “A statement by the Ministry of Finance, received by Al-Eqtisad News, stated that “Minister of Finance Taif Sami Mohammed received in her official office in Baghdad, the representative of the World Bank in Iraq, Jean-Christophe Carré, where they discussed ways to enhance cooperation between Iraq and the World Bank to support development projects and economic reforms.”
Frank26 Everything is in place for the monetary reform to be given to the Iraqi citizens. The Prime Minister and Alaq are telling the citizens we are 95% done with the monetary reform. We also know at the end of this year, December 31st, the auctions come to an end…It was the dollar that was keeping the Iraqi dinar stable. What are you going to do when you don’t have the auction? When you cannot use the dollar anymore in your country? ...You gave the dollar because the dollar had a very good exchange rate. Now the dollar is taken away you need a very good exchange rate. That is exactly what they are doing in my very strong opinion. They’re saying we’re at 95%. Where’s the 5%? IMO it’s an awful lot of different things being requested by Donald Trump by Iraq…
Mnt Goat As investors we all…should realize that there is a deal with China and Iraq on providing oil at a fixed price. This deal was brokered by the US Treasury and it included pre-selling some of the U.S. oil credits to China at a fixed price. But these are credits and these credits only materialize when we, as investors then exchange our dinar. Yes, billions in oil credits… I talked about these oil credits…when I described… how this RV would be paid for…
Bruce [via WiserNow] We actually did get some information over the weekend…we had heard that we would be going any day now, and that is still true. …We know from our Iraqi sources that they…had a new rate that came out Sunday…and that they now have, in the entire country of Iraq, all the new lower denominations, like the five dinar notes – like our notes 10 – 20s, 50s and hundreds… all these notes that we call lower denominations are out throughout Iraq and being utilized…they’ve had to change their prices to reflect the lower denomination values and realize the rate inside Iraq is a very good revalued rate right now… I can tell you that we believe we are extremely close.
