deepwoodz

Community Question:  “…A friend… thinks budget before the rate. I think rate before budget. What is your opinion? Rate before budget or budget before rate ?”  …All they talk about […]

…We have the advantage of looking back at the last year in particular and seeing hundreds of steps taken. All in the right direction.  Don’t you agree that what they […]

So when they finish what they call the project to drop the zeroes it’s just that simple. Drop the zeroes from the worthless value.  So the 25,000 tax is only […]

Community Question “…The 25,000 IQD tax in the budget for Iraqi citizens to pay if they use the airport and fly.  That tax tells me that the parliament must have […]

Community Question “…The 25,000 IQD tax in the budget for Iraqi citizens to pay if they use the airport and fly.  That tax tells me that the parliament must have […]

Article:  “With documents.. amending the paragraphs related to the region’s dues in the budget, and the Patriotic Union confirms: a historic victory for the Kurds and a blow to the […]

Community Comment:  “It’s the CBI that changes the rate not parliament. The CBI can do it anytime.”  Constitution Article 110 – The federal government shall have exclusive authorities in the […]

Some have said… “How can Iraq afford to come out with such a high exchange rate of 3+ ? How can they afford to pay out to all the other […]

When Iraq initially changed the rate to 1310, it showed up for the first time internationally March 28. At least on the two boards I can see.  From that point, […]

I know the expectation was 1:1 and now maybe 1:1.50 but I wouldn’t be surprised with all the build-up that they come out guns a blazin of 3+:1.

Article:  “To monitor state funds.. Sami is discussing with the International Monetary Fund the application of the single treasury account”  IMF in the news, as well as Sudani with the […]

The only thing that makes sense to me at this point is that they chose 1310 for a reason and not just some random number or percentage.   Once they achieve […]

Is dropping the zeros even in play here? Any articles saying so?  If not, it’s going to be some time at the current rate of progress to get 1-1.5.  That’s […]

…Why choose 1310 at all? Doesn’t compute in my mind…They jumped from 1160-1190 to 1460 with the flip of a switch. Only one reason why they can’t make an equal […]

…We have a Shiite PM who was installed by the coordination framework/state of law Maliki coalition after they ran Sadr out of town…the fact that he is quiet now only […]

[Response to Guru Paulette below] …When they went to 1460 they were out of compliance the opposite direction. Then, they went to 1310 on a whim, and that put them […]

All indications from reading up on parallel rates are that this means the illegal or black market rate. Just like in Iraq …They are squeezing out the dollars. This eliminates […]

Article:  “A Sudanese advisor expects the official and parallel dollar prices to match within weeks”.  If the official rate is 1310 then according to this article, they are looking to […]

[Response to Guest Guru Dallasdude below…]   Of course it [1310] is better than 1460 but looking at the bigger picture…Dec 2021…they devalued their currency, stoking the flames of anger and […]

[Response to Guest Guru Dalladude below…]  I disagree. 1320 does not help the citizens. Neither does anything closely resembling 1320, 1190, 1160, or even 1000. Nor do any of these […]

Question: “How rich is Iraq?”  …The world proven oil reserves, and Iraq 12%. If oil in the ground is money in the bank, Iraq is wealthy. Iraq can produce 2 […]

Article: “Trump: The dollar will collapse and it will be the biggest loss for America”  I like this statement from Trump and the fact that Iraq is taking notice. Dollars […]

Article: “The budget is halfway there…a challenge to the government and a test for the coalition state – Urgent”  I like this one!  I think you can calculate the rate using […]

Article:  “Central Bank: The dollar began to decline continuously”  The float?

Question:  “The prevailing opinion is the 1 to 1 exchange rate…Is this 20k note to throw us off of that?”  Not to throw you off. I believe it’s simply to […]

Article:  “Wasata and a long wait”… Citizens are dissatisfied with the procedures of “dollar banks” in Iraq”  The squeeze is on. Hard for them to get the dollar they are […]

Article:  “The draft budget law 2023 will not be included on the cabinet table”    Quote: “the draft budget law for the current year will be ready and will be sent […]

[Response to Guest Guru KandG post below]   For me the mystery is due to what we’ve learned, that they cannot reveal a major change in their rate due to legalities…There […]

Question:  “article says the budget will reach the house this week.so does that mean the com agreed on everything to send it to the goi?”  I think yes…The COM is […]