Frank26 Question: “What do you think Iraq’s time to allow international to exchange our notes? That’s their prerogative. Normally when something like this happens the IMF works with that central bank of that country and they figure out a time frame. It can be three months…six months. It can be a year. The Untied Sates of America never cancelled our 3 zero notes… America never stopped allowing 3 zero notes to be exchanged but I got a feeling Iraq will and they should.
Bruce [via WiserNow] We should have a great weekend. We’ll see what happens…
Militia Man Article: “Al-Nusairi: Explains the new mechanism for external transfers after the platform is closed” We have been following this and we have been spot on…They finally have done what was expected. This is to get the Central Bank back to normalcy…with international standards. That it a fact. A very good thing to have had correct all along [in our] study of the Iraqi Dinar…
Pimpy …We know that al-Sudani is going to be talking to Trump real quick here. Last time [Trump was in office] they didn’t make any changes and what ended up happening was they had to devalue the dinar before the country went bankrupt. So this time around they might jump ahead of this and devalue the dinar ahead of time so that the impact is not that hard against the Iraqi people and against Iraq if crude oil prices go down.
Sandy Ingram Two of Iraq’s most ambitious infrastructure projects, the central bank tower in Baghdad and the Grand al-Faw Port in Basra have been recognized as some of the most significant mega projects in the world for 2025. The projects ranked 11th and 10th by the renowned British platform the B1M…These achievements reflect not only Iraq’s commitment to modernization but also it’s ambition to reclaim its place on the global stage as a hub for economic and cultural progress…
MarkZ [via PDK] I have talked to a couple Iraqi sources and they still believe this is it. They have contractors that they are in contact with that are suddenly being called in. I have one who will not tell me what the re-negotiated rate is on their contracts. One of them mentioned $3.91 but I do not know for certain if that is really it. Its from a contact I don’t know really well.
Samson Article: “British platform includes the Central Bank Tower and Al-Faw Port in the list of giant projects in the world for the year 2025”
Jeff 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. That’s why I’ve been telling you you’re in red-hot January. January is a critical month…to our investment.
Frank26 You’re going to see the new exchange rate before you see the budget.
Militia Man Community Comment: “I understand the need for diplomacy, but Iraq needs to step back from Iran politically…Al -Sudani needs to be careful! Trump is going to come down hard on Iran and I hope Iraq doesn’t get in the way.” I understand your view. We report what is in reality and happening during a global event too. Like it or not Iraq and Iran are linked…My bet is Iran is capitulating for a very big reason…The news is the news. We watch what happens and report it.
Mnt Goat Article: “NO FEAR FOR THE REGIME IN IRAQ AS LONG AS AMERICA AND THE RELIGIOUS AUTHORITY ARE “SATISFIED”… THE GOVERNMENT IS HEADING TOWARDS “INDEPENDENCE” …Iraq must gain their independence not just on paper but in
practical terms. Now that the Chapter VII sanctions are released for over 2 years already it is time…The next stage is full sovereignty promised to the Iraqi people during the second invasion in 2003. Yes, they still are not a free country until they get back their currency, which means to control their own wealth…Also I want to mention…the CBI reserves are in the bank in New York JP Morgan/Chase DFI fund amounting to over $120 billion dollars. And so Iraq will also have to recover these funds too. The UN already decreed these funds should be returned to Iraq…we are watching this closely.
MarkZ [via PDK] Question: Just thinking out loud here, is it possible to get the REER, on Sat and get paid on the 21st? MarkZ: It is absolutely possible. Similar to how Kuwait did theirs…. In a nutshell…Kuwait got a REER (Real Effective Exchange rate) and within 10 days we started exchanging.
