Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV is showing new audit report showing Iraq as the best new investment for the year 2024. FRANK: I’m sorry…How in the world is this kind of statement even possible for you to make? You’re at a program rate. Ain’t no way in the world Iraq is the best investment for anybody in the year 2024 unless you’re trying to tell us that you changed the exchange rate, which is what you’re doing ever day to the whole world…
Pimpy [In a LOP] The only thing that changes is the bank notes themselves…You’re not changing the value of the currency. A 25,000 dinar is going to have value as a 25 dinar. They’re just going to lop the zeros off. Debt is still going to be the same, your paycheck is still going to be the same. They only difference is when you go to cash your check, the dollars [dinars?] they give you back are going to look different if they lop off the zeros.
MarkZ [via PDK] … the bond folks have expectations of things starting from between the 15th to the 22nd. And we were told from day one that bonds need to be close to completion or well underway before they pull the trigger… Hopefully we will know by tomorrow if bonds kick off – from European contacts…
Clare Article: “His advisor: Sudanese attention will focus on the economy during his meeting with the American President” Quote: “Counselor Saleh believes that the economic aspect (investment, development, and financing) “will be activated for the first time in this broad form of the strategic framework agreement in order to be consistent with the data and principles of the program.”
Militia Man Article: “Sudanese visit..Government advisor: The economy with America will be activated on a large scale for the first time” The red carpet is laid out for Iraq and the news we see is phenomenal … That motorcade shows it. This is not a shun like we saw with Haider al-Abadi on the White House lawn.. A stark and profound difference today is and it is a good thing!
Mnt Goat … I am not sure why, but this Kuwaiti dinar has been in the news so much lately…Remember Dr. Shabibi told us that when Iraq does get reinstated its nominal rate will be no more than around 25% higher than the Kuwaiti dinar. Remember this is when the Iraqi dinar finally settles down to its nominal after the onslaught by the market once reinstated for trading. Does this mean the Kuwaiti dinar could also revalue? …quote – “the Kuwaiti dinar has maintained its position as the most expensive currency in the world for many years, and its exchange rate against the dollar is currently 1 to 3.25…” …Will the Iraqi dinar over run the long-standing Kuwaiti dinar in its position as the most expensive currency in the world? …we can clearly now see something BIG is about to happen to these currencies.
Sandy Ingram On April 15th President Joe Biden will hold Prime Minister Al-Sudani of Iraq at the White House. This meeting is a crucial opportunity for the United States and Iraq to discuss common priorities and strengthen their bilateral partnership.
Frank26 Sudani, where are you going? Three places – Michigan…California…Texas…Sudani goes to visit his people in his private banks…In Texas is where the CBI has its servers for its website. He only has one hour that he’s dedicated to Washington DC? …Six days and 23 hours is for the reforms…This trip is very powerful.
Pimpy Iraq is right on track to do some great things. They’re going to continue to do that. Let’s get this coalition forces out of there plus the United States military, which is why I think Al-Sudani is coming over here to talk to the president to see about getting these people out of there and leaving Iraq on it’s own devices. We’ll see what happens from there…
Clare Article: “Iraq 24 sources: Al-Sudani will meet a delegation from the Energy Companies Complex in Houston, which includes the largest oil, gas and alternative energy companies”
Militia Man [Sudani] is going to need some exceptional strength, which is exchange rate oriented to do business deals with the likes of GE…big oil companies…big solar energy…They’re looking to get people in the steel industry, rebar industry, cement companies because they’re going to need more than Iraq has on the ground. They’re going to want the support from around the world and Al-Sudani is stating he’s ready for business and opening to the world.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani is visiting Washington, Michigan and Texes while in the United States of America. FRANK: Understand the seriousness of this trip. It’s not to go see some guy at the White House. It’s to go lay out the groundwork for both of their reforms.
Mnt Goat Shafaq News Agency followed the data and tables issued by the Ministry of Finance in April for the January accounts of the current fiscal year, which showed that oil is still the main resource for Iraq’s general budget, reaching 89%, which indicates that the rentier economy is still the main basis of the country’s general budget…the “rentier” economy is the oil economy of Iraqi. But…even with the “rentier” economy alone the Iraqi dinar can still maintain a realistic rate of at least $3 or more and this is not considering all the other assets and the 2/3 more oil Iraq is pumping and selling since 1991 when the dinar was just around $3.
