Clare Community Comment: “I don’t understand how the budget can be sent back to Parliament when the President signed and sent it to the Gazette for publishing.” Article: “A representative of the framework: The 2024 budget will be returned to the House of Representatives and the reason is revealed” THE AMENDMENTS NEVER GOT PUBLISHED IN THE GAZETTE YET.
MarkZ [via PDK] The biggest news today came from banking, wealth management, redemption folks. I was told they do have to work this weekend. It’s mandatory that they have to work this weekend…this is unusual. Normally they set them up as a “call in” But no – this weekend they have to work. I hope it means something lovely.
Samson Article: “CUSTOMS REVENUES AMOUNT TO NEARLY ONE TRILLION DINARS IN THE FIRST HALF OF 2024”
Frank26 Question: “With the currency economy would you keep some of the IQD, it not exchange it all?” This is something you have to decide. I can’t tell you what to do...My intentions are to take about 10% of what I got…exchange it. Because that’ll help me establish and get myself where I want to be…The other 90% I’m going to watch the float…As it goes upward, I’ll probably take another 10% and cash it out at, maybe it’s at $2.00 by then. If it ever reaches the reinstatement $3.22 I might be tempted to move an awful lot of it because after that it’s looking for a cap and that cap might be $3.22, it might be in the $4.00 range. I don’t know. That’s the sequence I’m going to follow. 10%, 10% then eventually when it feels that it’s time to move it all, we do it. [Note: Consult your financial advisor to create an exchange plan that fits your unique financial circumstances.]
MarkZ [via PDK] I need to be very careful with what I can share. I will say that things are very upbeat… The banking system in Iraq is exceptional now…its better then what it was before the rate was reduced (2003?) They did not have this level of banking security in Iraq- even when the rate was $3+ USD per dinar. This is all over their news.
Henig Tweet from From the Director of the Accessions Division of the WTO: #Iraq’s Working Party will be formally resumed on 18 July after 16yrs. Had a productive prep meeting w/Baghdad’s team in advance of their arrival in GVA. Glad to see their readiness & excitement for this historic meeting. Grateful for the dedication & hard work of the Iraqi team.
Pimpy Article: “Nearly one trillion dinars of customs revenues in the first half of 2024” This article is really good news as we are aware Iraq has to diversify their income right now. They rely way too much on oil sales so they have to find alternatives to that. Customs is one of those alternatives…It is generating a lot of income for Iraq…This is exactly what we want to see Iraq do, work on budding those alternative revenues for Iraq. This is a big help…
Clare Article: “Customs revenues amount to nearly one trillion dinars in the first half of 2024”
Jeff Article: “The 2024 budget will be returned to the House of Representatives and the reason is revealed” Iraq approved their budget on Monday June 3rd. I’ve known since June 4th Tuesday that the budget was unconstitutional...I’ve stayed quiet since to let the news catch up. I knew this immediately was unconstitutional. I knew it was going to get overturned by the court, the whole time. Now you’re witnessing it. The news is finally, a month and a half later, catching up…That’s how far ahead we are…
Samson “A representative of the framework: The 2024 budget will be returned to the House of Representatives and the reason is revealed“
Frank26 I strongly believe they are preparing you [Iraqi citizens] for a fixed international rate along with your inner fixed rate!
MarkZ [via PDK] Article: “Plenty of room for Vietnam to bolster exports to US” A great little piece about how they have room to greatly improve exports to the US and help that void we are getting in the Chinese markets. And we continue to hear they need to raise their currency…as it is under valued.
Wolverine [via Judy Byington] I have been told the Codes are inserted, already locked in. It is imminent now that we will be blessed. I cannot tell you the rest as it is confidential…This is coming right from the top. All is coming to fruition as we have dreamed for many years…get ready as that Green Light is just around the corner.
