DINARLAND UPDATE, 25 JULY

MilitiaMan (KTFA)

The banks need to attract real capital.  If they can’t do that they’re not going to be able to employ out into the new economic world.  The Central bank is tightening up…There is a large difference between the official rate and what’s on the parallel market.  It’s because the parallel market is illegal.  They’re going to to curb it and it’s going to go away.  I think the quickest way for the to do that is to change the value of their exchange rate and move forward into an international world market economy.

We’re waiting to see what happens and ultimately the goal is the 2023, 24, 25 budget.  We’ve talked about is all about going to a market economy and …[Al-Sudani] confirms Article Quote: “The development Road Project will turn Iraq into a country that is open to the world“

Almost sounds like an announcement, ‘We’re going International.’  The prime minister says that. …when we see these things coming from the Prime Minister it’s massive.

Frank26 (KTFA)

Article:
“A parliamentary committee is awaiting a meeting with the President of the Kurdistan Region regarding the oil and gas law, which the Sudanese insist on approving”

THE HCL EQUALS A NEW EXCHANGE RATE & EVERYTHING IS WAITING FOR THE NEW EXCHANGE RATE.

MarkZ

[via PDK]
It was fairly quiet over the weekend. Finally got a message yesterday from a redemption contact that just said “working today” and nothing else. Are they preparing for us or just doing stuff for wealth management? I know in some locations they are setting things up after construction with cubicles…that I find interesting… I’m sure you guys have seen that all over the news, on Facebook etc…that many banks are switching to more “wealth management” services. 

Sandy Ingram

What is holding up the revalue?  …Before the IMF will sign off or support a change in the currency’s value, Iraq needs more reliable income income streams outside of the oil industry.