Member: Good Evening Mark Z, Dr. Scott & Everyone !
MZ: I am back up and running with power, A.C. ect……and internet issues on the island are all squared away.
Member: Mark, is this month is still in play ?
MZ: April is still very much in play according to the bond side and the banking side.
MZ: “ Spending priorities in the 2025 budget : Maintained salaries and projects following in the footsteps of the government curriculum” Saleh is Sudani’s economic advisor. He is the one to listen to about Iraq’s economy. He says they have the mechanism and rate will not be an issue. The mechanism is in the budget to change the rate if necessary….and they are already calling for that.
MZ: We know they have a big meeting on Saturday…the Erbil delegation is already arriving in Baghdad. “ Iraq officially reassures energy companies in the Kurdistan region and pledges to pay their dues” . This is a big one and they want the oil companies to start pumping oil and exporting again. Guaranteeing to send salary payments to Erbil. This has been a sticking point in agreements.
MZ: I think this one will get us off “stuck”. Very interesting timing
MZ: “ This one just dropped. “Zimbabwe lifts exchange rate controls” in Iraq they have a fixed rate. But in Zimbabwe the rate floats and they let the market decide it and backed it with gold…but this had created a black market. By lifting the exchange rate controls…. doing this ends the black market . I’m pointing this out because it is exactly what Kuwait did when they revalued. And Iraq is talking about doing the same thing.
MZ: Tied to a basket of currencies and tied to assets and let the markets decide. To me this shows that Zimbabwe is preparing for a rest.
Member: They found a ton of lithium in the ground yesterday in Zimbawai !! I believe they finally feel good about their position with their money !??
Member: Where do we register to get the notification for the RV ?
Member: All the dinar sites will let you know…Mark, TNT, Frank, Bruce and all intel providers will let us know…..it will be everywhere.
