Bruce [via WiserNow] …right now, my guess is based on the information so far… is pointing toward us getting notified tomorrow [Wednesday], …and exchanging on Thursday…But we are in a very good place right now… Thursday is looking very good right now.
Frank26 Question “Is there any chance Trump is not a good person for us [dinar investors]?” No.
Militia Man Iraq Stock Exchange has already shown complete stability. It’s huge. It’s up 131% in one month. All those neighbor stock exchanges are starting to get a rise because they might be exposed to where? Iraq. For what? Investment.
Pimpy Iran is taking a hands-off approach with Iraq saying, look, they respect any decision made by al-Sudani. I think that has a large part to do with the fact that Trump has taken an interest in al-Sudani and Iran is on Trumps ‘piss list’…Congratulations to al-Sudani who avoided…conflicts. He avoided them like he should. Now he’s got the backing of Iran and they’re promising not to arm factions no more and they would help Iraq dissolve these Popular Mobilization Groups…This is a really good move, a smart move by Iran but very good news for Iraq. Now I’m curious to see what kind of meeting Iraq is going to have with Trump once Trump finally gets into office…
Jeff 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 not visual…What they’ve done…is transition so that they can allow their banks to do these international transfers…There’s only so much they can do with banking reforms at this time until the rate physically changes. Again, what they’re doing is they’re positioning the banks to…do foreign transfers with the US dollars…now instead of that money being sent directly from the central bank it’s being routed and sent from the local banks within Iraq. That prepares Iraq to be ready towards going international…
Sandy Ingram Iraq’s revenue for the first ten months of 2024 is massive. Plus there was a huge increase in bank deposits in 2024 and the country’s gold reserves increased to become the third largest in the Middle East.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV talked about how we have now gone from the dollar auction to now transfers in our banks. No more auctions. These transfers are linked to international banks…No more being done by auctions of the CBI but by this new system in our banks. FRANK: This is fantastic because these are the preparations. FIREFLY: We are linked to the world!
Samson Article: “On the eve of Tehran visit, Al-Sudani packs a number of files in his bag, including a “new strategy” ”
Militia Man Change is coming. The new reinforcement mechanism is doing what it’s designed for…It’s not the dollar auctions anymore. They call it the reinforcement mechanism. What are they doing? They’re increasing there foreign currency reserves.
Pimpy They haven’t passed a budget fully yet. We know it’s in their hands. We know they’re discussing it…I think they’re really just waiting to find out what’s going to happen to the oil market [with Trump coming into office] and which players [Iran, China, Russia etc] move where and how that’s going to affect Iraq…
Jeff 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 and Gas Law within the month of January. Again, the Oil and Gas Law has been pending and outstanding since 2005…
Frank26 I know what today is. I know that yesterday the parliament was supposed to finish the articles in the budget…I know that on the 7th…Sudani wanted everything done, if not what he was going to do…an operational budget.
MarkZ [via PDK] Article: “Oil and gas law is the salvation of the outstanding files between Baghdad and Erbil” this discussion is really gearing up again. Along with smaller notes discussions and HCL discussions. They want us to know the Oil and Gas law will solve all outstanding problems.
Mnt Goat …Let’s revisit this…Oil and Gas law…Remember that this is a constitutional requirement…We have been told many times in articles that this “referendum” must be written and passed as part of the “Stability” for Iraq. Article: “A GUARANTOR OF ZEROING OUT CRISES…PARLIAMENTARY DEMANDS TO LEGISLATE THE OIL AND GAS LAW”. In the article the Kurdistan National Union parliamentary bloc called on the federal government, on Tuesday, “to expedite and send the oil and gas law to the House of Representatives for study and approval as quickly as possible.” Why the urgency?
