Mountain Goat‘WHERE ARE THE 2025 BUDGET SCHEDULES. PROJECTS ARE SUSPENDED, PLANS ARE POSTPONED, AND PARLIAMENT HOLDS THE GOVERNMENT ACCOUNTABLE’
No, the RV rate in not in these budget tables as a reason to hold them up that they don’t want us to see until they are ready to RV… Again, any revaluation of the Iraqi dinar will be announced and we don’t need to go fishing through some budget tables to find it, if it could even be there…
The House of Representatives will hold its first session of the second legislative term for 2025 on Saturday. Let’s hope they finally take up the Oil and Gas Law again. We know they will take up the issue of the Budget Tables… we still see the CBI trucking again and making movement towards its final destination of the reinstatement of the dinar to a global status (FOREX). It is like these other issues, although are very important, feel like just distractions but we know they can also affect the monetary process and should be resolved for stability.
MarkZ
[via PDK]
Question: Are we going to see a rate this week.
MarkZ: A very large segment of my bond groups think we will get a rate over the weekend... But nothing concrete. It’s very clear they are trying to cloud the timing…Cross your fingers and hope.
There really is so much stuff coming together at one time…feels like jumping off of ‘stuck. Still huge expectations from 3 different bond sources for this weekend. They claim they have finished all paperwork and will get their funding…crossing my fingers. But with the bank wiring system down this weekend…I expect we won’t get news of that until at least Monday… Banks are not necessarily closed this weekend…just closing the wiring and transfer capabilities…Frank26 (KTFA)
Trump knows the pace of the Middle East. He knows it’s slower than a snail with broken legs…My president very nicely, very calmly puts the pressure on Sudani and IMO if Sudani does not release the new exchange rate by the end of the month…watch, it [tariffs] should go up to 60%…This is the last thing Sudani wants…Trump…is kicking Sudani in the rear end to move it…America wants to get paid and Donald Trump says it’s time to get paid. If not, Iraq will suffer greatly economically, let alone with the monetary reform.
[Iraq boots-on-the-ground report]
FIREFLY: Saleh on the television and he’s talking about how the movement has made the detailed plans for the development road project.
IMO it was the United States of America that brought [the Iraqi dinar] exchange rate down. Guess who is going to allow you to bring it back up, besides the IMF, which is actually the United States of America anyways. Samson (KTFA)
Article:
‘The Federal Court holds its session under its new presidency and dismisses three lawsuits.’
Article:
‘Oil Minister: Iraq’s crude oil reserves exceed 145 billion barrels’Fnu Lnu
Article:
‘The Executive Board of the International Monetary Fund (IMF) issued a statement on Wednesday (9th July) following the conclusion of its Article IV consultation with Iraq. It projects an average exchange rate (dinar per US$) in each of 2025 and 2026 of 1300, the same as for 2024, adding: The CBI [Central Bank of Iraq] should be commended for the successful transition to the new trade finance system now fully managed by commercial banks through their CBRs, contributing to a reduction in the spread between the official and parallel market exchange rates.’Pimpy
Article:
‘Trade clarifies after Trump tariffs: exemption on oil exports’
A lot of people have questions. To be quite honest with you, they really aren’t going to have very much affect on Iraq. It’s a 30% but we don’t do a whole lot of business with Iraq outside of gasoline and oil…But globally speaking it could put a lot of down pressure on the cost of oil per barrel which will absolutely affect Iraq.
Sandy IngramIraq is rich in oil, holding some of the largest reserves in the world…The country is working to rebuild after years of war and sanctions. Iraq’s banking system is slowly modernizing and the government is trying to move toward a more open and stable economy. Bruce (The Big Call)
[via WiserNow]
President Sudani was called by President Trump today to ask him to raise the rate on the Iraqi dinar on Saturday, or he would be looking at tariffs for Iraq on Sunday. Well, I’m sure Iraq doesn’t want tariffs – there, and I’m sure President Trump would rather have the Iraqi rate where it should be. And so …if they do that Saturday morning …they are eight hours ahead of the East Coast, so that new Iraqi rate should be up on screens Saturday. Source : dinarchronicles
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