militiaman

The government returned the budget to the finance ministry in order for them to adapt it to a new exchange rate.  Our view is the 1310 is something in the […]

The National Investment Commission…saying they’re going to adopt the Iraqi dinar in paying dues for housing… They’re getting rid of the MCPs (multi-currency practices).  They are going to be paying […]

Changing from the dollar to the dinar in real estate is going to be a a big thing because multi-currency practices are going to be gone.  They’re making it so […]

Changing from the dollar to the dinar in real estate is going to be a a big thing because multi-currency practices are going to be gone.  They’re making it so […]

2023 budget which is scheduled possibly for as early as Thursday.  It’s coming together because they’re [HCL, budget, etc] all exchange rate oriented.  If they’re on the Swift system and […]

2023 budget…we’ve been waiting for this to happen…they’ve been pushing it out…for months.  They’re going to have it on the table as early as Tuesday…potentially to the parliament by Wednesday/Thursday.  […]

The historic event was the meetings in Washington DC.  They were all about economics…the exchange rate…reforms…Iraq moving to a private sector and all of those meetings were successful.  Everybody’s in […]

We’re changing from an exchange rate topic to a value-related topic.  We have the foreign minister, finance minster and the central bank talking about value and value comes from not […]

One of the things investors in the world need to come into Iraq…they need to have freedom of capital movement.  They must have been assured in the Washington, Baghdad, Istanbul […]

1310 isn’t enhancing the value of the dinar.  It was 1166 to 1460 and then back to 1310.  That’s not enhancing.  The inflation and all those things that come with […]

Iraq was on the “Black list”, then it was moved to a “grey list” and then just yesterday/day before they were moved from that “grey list” by the European Union […]

[Yesterday]  We learned the governor of the central bank and others were actually there [Washington DC and New York] which we didn’t really know…the full delegation showed up to the […]

It really looks like things we’re seeing are unfolding quickly and intense…fast and furious.  Meetings in Istanbul…those were successful.  Done.  Then they were going to come into New York and […]

They put out rules three weeks ago…they need to go to a dinar for public and commercial use…to replace the dollar, you’re going have to pick up the dinar and […]

1300 is halfway between 1460 and 1166.  What good does that do?  How is that alleviating any pain?  Inflation has risen since the 1460s so they’re not getting anything.  It’s […]

Today has been a big day…They are telling us they are going to do certain things and this 1300 was one of the first stages.  The second stage is…they’re going […]

On the 3rd the Central Bank of Iraq has an announcement on their website and they specifically talk about…politics. It’s not common…they mentioned there was talk between a phone call […]

The Swift system they’ve decided to go with has created an environment where the dollar itself in the country has dried up…the demand for the dollar rose…that’s creating a volatility […]

1460, that’s the official rate.  That hasn’t changed.   But since they’ve gone on to this electronic platform the exchange rate on the street has gone from 1460 to subsequently 15,16, […]

They did have meetings today in Turkey.  They’re having meetings tomorrow in Turkey.  The United States, Central Bank governors in Turkey.  Those things are for a reason.  We don’t know […]

The whole premise here and goal is to get Iraq off the dollar…sadly it’s going to be a tough road…any day now we’ll see actions on that…

The Uproar has been about the exchange rate…the exchange rate in an official capacity is at 1460.  The street rate is about 1600…that may sound like a bad thing but […]

In the last few days what we have seen is a quickening for things to happen because of what the United States Federal Reserve has done by deleting the US […]