Bruce [via WiserNow] I know that Sunday, which is the first banking day for Iraq and most of the Middle East will produce a new rate of the Iraqi dinar…and they have already been trading and buying and Selling using the Iraqi dinar in the Middle East for about a week, week and a half so far.
Frank26 IMO, Iraq will be…no, “IS” a currency hub.
Militia Man Article: “Al-Sudani: The Grand Faw Port is Iraq’s largest project” They’re going to have 90 births…It’s going to be the biggest port in the Middle East. It’s going to take some time and they’ve been working on it for quite a long time, but now it’s open.…[It’s] very deep. They can fit the [massive] ships. They’re heavy, they sink when fully loaded so they need a deep port to navigate in. This is one of them.
MarkZ [via PDK] “After the extension of the legislative term – Parliamentary movement to pass 5 important laws” I believe one of those is the HCL..
Samson Article: “Al-Sudani officially announces Iraq’s receipt of the five berths of the Grand Faw Port“
Bruce [via WiserNow] …what we’re being told is we can get notifications over the weekend, but the exchanges that we make for our currencies…would start on Tuesday…the 12th of November, so still a few days away.
Kaperoni A country’s exchange rate is not a random act. An exchange rate is a reaction to a country’s economic growth, inflationary pressure. Until Iraq passes laws, diversifies their economy, creates economic success there will be no change in the value of the dinar.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Alaq is on television calling for the price of oil in the budget to be adjusted to $40. It’s currently at $70. The only reason we see this happening is Alaq knows there is going to be a rate change… FRANK: That’s right, because of a new exchange rate that is coming and because of the oil that will be used in 2025 with the new exchange rate.
Clare Article: “Iraq increases its gold holdings and ranks third in the Arab world” Quote: “Iraq increased its gold holdings to 152.6 tons, after it had held 152.5 tons, which represents 11.5% of its remaining reserves.”
MarkZ [via PDK] Isn’t that interesting… Sudani was overheard saying they planned to have the revaluation completed, everything done by Victory Day…Which is December 10th… This is from a number of folks in parliamentary finance who heard the comment. This means they have to go soon if it’s to be “completed by Dec. 10th.
Militia Man Article: “Iraq intends to increase the International Monetary Fund by equivalent of 1.45 trillion dinar.” They paid off their debt, inflation is down, interest rates have dropped, foreign currency reserves have increase, 152.6 tons of gold…Does that sound like a country that’s still going to stay at 1310 with their exchange rate?
Samson Article: “Al-Hakim to UN Representative: Iraq is experiencing unprecedented stability“
Frank26 [Iraq boots-on-the-ground report] FIREFLY: They were praising Sudani on the television on what he has done…in our last two years. We all were going crazy because it’s fantastic stuff everything that he has done…Remember what Shabibi said back in the day when he was alive, in order for the rate change Iraq must have both stability and security! FRANK: These are the tell-tale signs. This is the evidence that you seek…
Mnt Goat My contact told me not to expect any move forward with the Project to Delete the Zeros until this new…Trump… administration signals, they will “fully” support it and the “process” and move to the end of the process, which is, as we all know, the reinstatement. Remember we don’t go to the bank until the reinstatement back on FOREX occurs, the end of the process.
MarkZ [via PDK] Comment: This is a 3 day weekend for Veterans day. MarkZ: There is a lot of anticipation for this weekend.
