militia

Heavy crude topped up about $117 a barrel.  That’s a big big amount of money over the $70 budget, padding those reserves…They talk about their reserves.  They talk about their gold. […]

President now has up to 15 days to task the largest parliamentary block with forming the new government… That puts us out to about the 26th…Anytime before then they can still […]

Noise in the parallel market is quite common…The bottom line is the central bank is very much capable of maintaining control.  Yes, you see spikes back and forth but ultimately […]

Public statements right up until the move were calm and reassuring.  No plan to change the rate.  The adjustment was presented as a technical and prudent step to better reflect economic reality, […]

Back in 2007 the Central Bank of Kuwait repeatedly and publicly stated there was no plans to change the exchange rate or abandon the peg to the US dollar.  Officials […]

Many of you say, ‘I’ve been here for 20 years and we’ve seen all this before.‘  Good on you, but you haven’t because this is a different time.  It’s a different situation.  […]

There’s a full picture in this.  The testing has happened and the optionality exists.  The CBI does have that…When the CBI decides prudent conditions are met is still the open […]

They’ve been working on this for three plus years.  What they’ve done is set the stage.  They are supporting the fact that whenever they do a real effective exchange rate adjustment […]

They’ve been working on this for three plus years.  What they’ve done is set the stage.  They are supporting the fact that whenever they do a real effective exchange rate adjustment […]

The Port of Ceyhan route is highly important right now and the current Hormuz pressure is accelerating recognition of its value because of Hormuz.  Iraq is benefiting from it.  This doesn’t […]

Iraq’s political process remains in a deliberate holding pattern.  The presidential vote has been postponed again with the next scheduled session now set for April 11th.  The government formation is still […]

The plan they have is indeed underway.  It’s obvious the work is visible right in front of our face.  The external environment is giving Iraq’s diversification efforts more tailwind than headwind.  They’re […]

Sudani’s caretaker administration is still intact.  It’s still in place.  All of these things we’re seeing is obviously stressful for a lot of people.  It sounds like it’s never going […]

They’re going to be able to defend their real effective exchange rate because they’re going to have all those $16 trillion worth of assets they can tap into over time… […]

They can’t tell everybody exactly what they’re doing until they actually do it.  After it’s “effective immediately”…  : Militia Man

Oil’s at $115 a barrel for Brent crude today.  Yesterday same thing.  It’s getting profitable.  Their budget is at $70.  That’s a lot of money.  Padding reserves…The evidence shows the […]

Iraq is going cash less.  They’re not telling us that they’re not going to have any cash.  They’re just going cash less in the country…Everybody pretty much swipes the card […]

I’ve been studying this [Iraqi dinar] for well over 15 years because I believe…Just like I’ve always believe in gold when it was around $275…and it’s well over $4,000 today.  […]

Brent [crude oil] is running around $115 a barrel.  [Iraq’s] budget is somewhere around $70.  They’re padding their reserves even though Hormuz is relatively bottle-necked, not completely closed…The bottom line […]

Keeping the economic engine running even while the region is tense…They still are moving forward…When the time frame arrives, they’re ready to go.  : Militia Man

$95 bucks a barrel they’re making some spread because their budget is somewhere around $70.  They’re making some serious money right now…They keep talking about all the amounts they can […]

This [war and Strait of Hormuz drama] is almost like a push.  Thankfully something happened to create an environment that pushes Iraq to wean itself off of complete reliance on […]

First Iraqi oil tanker has crossed the Strait of Hormuz since the outbreak of the war. Two gas tankers successfully crossed towards India…These are clear signs energy infrastructure and trade […]

The foundation for the next stage, which I believe is going to be a managed REER exchange rate adjustment when it’s prudent by the gatekeepers is stronger than ever…Everything is […]

The delete the three zeros project is a technical cleanup and a managed REER…Managed REER is the logical next step to reflect actual economic strength…So what comes next?  If all […]