Clare Article: “Qi and K2 Integrity Join Forces to Boost Financial Compliance in Iraq” Quote: “The partnership extends across three countries—UAE, Jordan, and Iraq—and is structured to support different aspects of Qi’s regional operations…For Iraq…The timing is critical. As Iraq opens up to foreign investors…showing real commitment to financial integrity is becoming a prerequisite…K2 Integrity, based in New York… leadership includes former U.S. Treasury officials…“
Frank26 MAGA is good but now we need MIGA – Make Iran Great Again. Iraq is already great. America is already great…
Samson Article: “Oil Minister: Foreign personnel have not left, and we have alternatives in case the Strait of Hormuz is closed.”
Militia Man Article: “Qi and K2 Integrity Join Forces to Boost Financial Compliance in Iraq” This is one of the most powerful articles we’ve seen in all the years we’ve been around because of the nature of all the entities involved in this. That’s giving Iraq a platform to prove they are ready for global compliance and standards. For what? Cross-border payments internally and externally and their helps it’s going to show the world Iraq is ready to do trade. It’s very big.
Sandy Ingram While the sharp rise in the VND against the US dollar is not expected in the immediate future, there is cautious optimism for long term appreciation. The likely scenario is a slow and controlled strengthening of the dong driven by strong economic fundamentals, increase in foreign investment and potential changes in US monetary policy. Investors watching the Vietnamese market should watch long term trends rather than short term speculation. In other words, hold on to your VND and your IQD.
Samson Article: “Fintech major Qi and US-based K2 Integrity join forces to align Iraq’s financial sector with global standards”
Clare Article: “Iranian Parliament approves closure of Strait of Hormuz” Quote: “Iranian state television reported on Sunday that the Iranian parliament has approved the closure of the Strait of Hormuz, pending approval by Iran’s Supreme National Security Council. The decision comes after Iran was subjected to a series of US strikes early Sunday morning, targeting various nuclear facilities in Iran”
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television says we will suffer big now that Iran is closing the Strait of Hormuz. All of our oil we export goes that way…This will cause severe issues for everyone… people in the world.
MarkZ [via PDK] Question: Will this Iran thing delay the RV? MarkZ: I am being told this situation with Iran is speeding things up…not slowing things down. Seems to me there needs to be a few more things settled, but for some reason many group contacts are again traveling this week. They believe that what happened in attacking Iran’s nuclear sites will spur things forward. I don’t know what to think about this. I have 3 different contacts who say this is the best thing since sliced bread and it will be the final stage before they release the value. I’m still a bit conflicted whether to be excited or not.
Militia Man With Middle East tensions, what we’re seeing in the news on a daily basis…gives a little bit of anxiety…to a lot of people…I understand it…But the ultimate thing is commerce and trade still keeps going. That cog is still going to turn…On a good note Iraq is still pushing forward. We have evidence of that…The borders are still open. They’re still doing commercial trade through trading partners. They’re still focusing in on progress.
Clare Article: “Baghdad caught between allies as US hits Iran” Quote: “Iraq finds itself in a delicate diplomatic dance, caught between its two key allies—the United States and Iran—after the U.S. launched a series of striking military actions…Iraq has strategic and economic links with the United States, including military collaboration and security cooperation, while also retaining substantial cultural, political, and trade ties with neighboring Iran.”
Frank26 What do we need in order for the Iraqi dinar to finally show the world it does have the potential, right, support to have value? According to Dr. Shabibi…security and stability. What was born yesterday in the Middle East? …Do we have security and stability in the Middle East to bring forth the new exchange rate? No. What is happening is the start. It is the start of the security and stability…It was born. We don’t have it yet…It’s coming…We are on the cusp.
MarkZ [via PDK] Article: “The Iraqi Ministry of Finance announces the cessation of paper currency in all financial transactions and the adoption of electronic payment methods as sole option for payments” MarkZ: That is supposed to occur before July 1st. …
Mnt Goat …the U.S. Treasury has said it will give a “green light” to go ahead, however with stipulations. First if they must complete successfully the Iranian issues and trade must resume to normal between the two countries. Then the dinar stabilize again. The Project to Delete the Zeros must be successful with maintaining low rate of inflation. This will be the gauge…rate. So, we are getting very close but a lot rides on the Iranian issue.
