Clare Article: “The judiciary and the State Council confirm that the Governor of the Central Bank of Iraq is subject to the legal retirement age (documents)” Quote: “The two councils confirmed in documents…that the legal age for retirement is 60 years, and upon reaching it, the duties of the official assigned to it end.”
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani comes out and he mentions that we are in the completion phase of the HCL. We know the HCL needs a rate. Sudani said the payments would be through the electronic cards, not cash. We think that’s because cash would give us 1310 but through the cards we think it’s going to be with a new rate. FRANK: I do not know this for a fact but I agree with you totally that your cards they are based on a new exchange rate. It makes no sense for them to be based on a restricted program rate…
Militia Man Article: “Government parliamentary meeting today discusses boosting non-oil revenues and developing the economy” Iraq is going to be needing non-oil revenues. We all know that...The last 18 month, almost 2 years, has been to get Iraq to a private sector and to get them to boost their non-oil revenues.
Kaperoni I have always stated, if the dinar is ever going to go up in value, it will be based on Iraq’s economic success. This is clearly the path Iraq is taking. Nothing is random. Only with the success and growth can we see an increase in value. The good news is we are seeing progress!
MarkZ [via PDK] Question: Does anybody think the RV could happen before the election? MarkZ: I still think it could. The world needs this badly. Comment: I think we will see it in the next 10 days. MarkZ: 90% of my sources agree with you. Comment: I have a feeling it could be any day. MarkZ: I have that same feeling.
Jeff The operating budget is already approved and complete. They’re going to be adding additional funds to it, that’s why the budget remains incomplete…they have to amend it to add the additional supplementary funds to it and increase and change the budget’s expenditures. That’s all that we’re waiting on.
Fnu Lnu Let me calm everyone’s fears about having to go to Jordan, Egypt, or Turkey to do your exchange. That is the most absurd thing I have ever heard. It is nothing but fear porn…Aki Aki [Fnu Lnu’s Iraqi Banking Business Associate and US Private Bank Manager] told me in person, in Delaware, that he was going to open banks in the USA for his uncle and this was in 2009. He did exactly as he said. He will be exchanging Dinar as fast as he can go when the time comes…This rumor is as baseless as the myth that Exchange Centers will give you a higher rate…
BGG Article: “The government forms a higher committee to adapt Iraqi banks to international financial requirements”
Clare Article: “Central Bank Governor: We have put in place methods to secure the provision of dollars and are subject to strict supervision” Quote: “Alaq, announced today, Wednesday, that all transfers are subject to auditing processes, while he indicated that the decline in oil prices has nothing to do with the rise in the exchange rate”
Frank26 [Iraq boots-on-the-ground report] FIREFLY: On November the 20th to the 21st we have a curfew for the very first census in the last 27 years. FRANK: …It looks like Sudani ordered for this new census to occur for your HCL benefits as Iraqi citizens. It seems to me the only reason he’s doing it now is because you have a new exchange rate that they can work with. If not…there wouldn’t be a new census…as they determine the fair amount everyone is supposed to get. This new census IMO screams that there is a new exchange rate…
Mnt Goat …they are now telling us they can see light at the end of the proverbial tunnel. No, they do not directly tell us this but you can read into the articles and understand the tone…
MarkZ [via PDK] I have a number of group leaders and bankers who swear we are getting it in the next 4-5 days. I sure hope they are right.
