paulette

It looks like the weekend of 7/14-7/16 will be a Holiday weekend with the New Year on 7/18.  Shabs said “…..after Eid, before the New Year…..”  Perhaps the next target […]

Question:  “The latest article…suggests that the HCL will be passed in the next legislative term.  When is that term?”  The legislative term starts on the 13th but currently the Oil […]

If the HCL were in the budget, I would think that the Citizens would know exactly what they would receive in USD value and…the Citizens would be talking about it.  […]

If the HCL were in the budget, I would think that the Citizens would know exactly what they would receive in USD value and…the Citizens would be talking about it.  […]

I do not see any reference to passing the final part of the HCL which we believe will be direct payments to the citizens. The only thing I see is […]

Why does everybody keep talking about the “HCL is in the budget“?  The only thing I have seen is the foundation for the Oil and Gas Law between Iraq and […]

The full Oil and Gas Law is still in negotiations but the framework has been established in the budget and for the next three years…..  I no longer care when […]

The issue is freedom of movement of capital.  That is what will open Iraq to the world.  Go Article VIII announcement  Go RI.  This is at the discretion of the […]

I have watched the Market Rate for almost 15 years.  IMF Article 8 compliance requires no Multi Currency Practice.  A Market Rate of greater than 2% constitutes a Multi Currency […]

Typically, it [the budget] will go through First Reading and then go to Parliament’s Finance Committee for review.  This review is often at least  2-3 weeks and often much longer.  […]

Baghdad is finally in the driver’s seat.  Let’s hope the Coordinating Framework turns out to be the good guys. We are at a time that nobody truly knows who is […]

…There will be a significant amount of USD going to Iran for imports and this will continue but under the “new mechanism”…Merchants conducting Legal business can purchase USD for 1320…Who […]

[Response to Guru Deepwoodz]   Perhaps…However, Iraq has clearly stated that imports only require a maximum of 60 million/day…the citizens are being encouraged to hold and use IQD…where did the other […]

Comment:   “Need a rate before the budget”  They have a rate – 1460.  They need a new rate if they “reinstitute” the NSCN’s which is what Iraq can control internally. […]

I keep seeing all this about the ISX going “International”…The only thing I saw is the announcement that they are instituting the online trading platform for the traders and that […]

Let’s hope that Sudani’s GOI doesn’t pass this budget prior to the currency being “reinstituted”.  If they do, there are still many windows of opportunity for the CBI to take […]

Watch for when the GOI is going to pass the budget.  I hope it is not until after the CBI…”Reinstitutes” their currency which must occur prior or simultaneous to the […]

Parliament having their first session is irrelevant IMO.  They cannot work on passing the budget until they receive it.  Sudani’s GOI has not passed it yet.  All laws, including the […]

If the new rate does not directly apply to both old and new currency, the CBI will have created a Multi Currency Practice structure in violation of the IMF Article […]

Article:  “Parliamentary agreement on the legislation of the oil and gas law”  Quote:  “everyone agrees on the oil and gas law, and it will be legislated during the coming period.”  […]

IMSO, the rate will have to apply to both new and old currency as the CBI has stated the 3000’s will coexist with the NSCN’s for at least two years […]

Iraq’s CBI has clearly told us their plans to Re-denominate their currency including adding denominations all the way to 25 Fils (1/40th of an IQD).  This logically requires a change […]

It is an interesting dichotomy happening right now as not only did the banks stop buying as much USD but the money changers have also in spite of the rate […]

I am excited that we may be within a few weeks of actually finally seeing the “restructure” that we have all been waiting for…

the big move for Iraq is the “restructure”.  The RI just increases their purchasing power on the International stage…

It is very possible that the CBI may “restructure” the currency before Parliament receives the budget for the “1st Reading “.  At least, that is what I am hopeful for…I…am […]