Clare Article: “Prospects for the Iraqi Economy: Challenges and Opportunities to 2025 and Beyond” Quote “The International Monetary Fund (IMF) provided a detailed assessment of the Iraqi economy…The Iraqi economy contracted by 2.2% in 2022...The Fund expects the economy to grow by 1.4% in 2024 and 5.3% in 2025. However, the Fund warns that Iraq’s fiscal position remains worrisome, with the budget deficit expected to widen to 7.6% of GDP in 2024, compared to 1.3% in 2023. It also expects government debt to reach 48.2% of GDP in 2024 and 54.6% in 2025…By 2025, the Iraqi economy is expected to begin a significant recovery, with strong growth in its non-oil sector and increased investment in areas such as technology and infrastructure. If the required fiscal and structural reforms are implemented, Iraq may be able to reduce its dependence on oil and strengthen its private sector.“
Militia Man We have numerous articles…from Alaq from as far back as 2023, specifically saying this year they will cease the auctions. That would be by the end of the year. This isn’t something new. They’ve been warned. It’s coming to fruition.
Sandy Ingram Right now Iraq is among 20 countries classified under the US State Department’s Level 4 do not travel warnings. The other [countries like] Belarus, Afghanistan, Haiti, Iran, Lebanon, North Korea, Russia, Somalia, Syria, Ukraine, Venezuela and Yemen. The revaluation of Iraq’s currency and its removal from the US State Department’s level 4 do not travel list are interconnected…
Samson Article: “Iraq is the world’s first in the density of natural resources.. A new vision for investing resources”
Frank26 What is Article 12 of the IMF? The rate. That’s exactly what it is…The IMF demands a country has a currency that can move in and out of the country. The IMF demands all currencies around the world have the ability to go into this country and also exit. That’s article VIII. Article VIII is the freedom of that nation’s currency to move in and out and other foreign currencies that are in there as well too. Article VIII removes all restrictions…We’re way past Article VIII. We’re at Article 14…Implementation of the new exchange rate.
Pimpy Article: “Within days. Business is confused with expectations of higher dollar exchange rates in the parallel market” Whenever you close off the selling of US dollars on the auctions you’re going to have a spike in parallel markets cuz people are desperate to get them dollars. This brings down the value of the Iraqi dinar because people want more US dollars and they’re willing to pay more Iraqi dinars to get their hands on the US dollars.
Clare Article: “Delegation from US Department of Treasury visit the CBI” Quote: “Announcement from Central Bank of Iraq – Delegation from US department of treasury visited the central bank of Iraq, the delegation expressed their gratitude and appreciation for the procedures taken by the CBI during last year in the operations of combating the financing of terrorism and money laundering.”
Militia Man Article quote: “Issuing money can help provide the economy with liquidity which can prove economic growth and innovation.” Sounds about where Iraq is headed, right? However, if not managed carefully the government’s directly issuing can lead to inflation.” Inflation is the consequence of not playing by the rules as we all know. Why would Alaq be talking about this? …The exchange rate change is likely to be coming because they’re going to have something that supports the ability to do all of this and they have the United States…and the coalition on board for it and you probably have the Bank of International Settlements…World Bank…IMF…UN…okay with it [too].
Frank26 This is extremely important you understand this. It is projected at the end of this month on the 31st that the auctions will come to an end. Therefor the next day the citizens of Iraq will be looking for something to use. They will demand a dollar because that’s all they know and they will be rejected. The demand for the dollar will increase. The black market value will increase for the dollar (which is not official, which has no meaning, no value to the CBI). But for at least maybe until the 7th. Why? Because on the 7th Sudani has ordered parliament to finish and sign off everything on the budget. If not he’ll take care of it…One week of bubble. That makes sense. I like it.
MarkZ [via PDK] In Iraq: “More than one billion dollars CBI sales in 4 days” yes we did have foreign currency auctions this week. All eyes will be on Monday to see if they continue or do not continue.
Wolverine [via Judy Byington] “It’s coming. I have a lot of intel that I can’t tell you about. Keep the faith. It’s coming by the end of the year.”
