The government is watching very closely two sectors today.
One is the war between the proxy Iranian Hamas fighters vs the Israeli army in the Gaza strip.
An article in today’s news describes the possible impacts of this war on Iraq but not yet.
The Parliamentary Finance Committee renewed on Tuesday, its support for the Central Bank’s measures to control the exchange rate and address any obstacles.
Remember in my last Newsletter dated 10/31 that we learned that the new government of Al-Sudani made promises in his administrations curriculum to bring back the dinar stronger than the dollar.
Is this why he has openly in public stated the dinar is already stronger than the dollar?
Well then….. where is it?
As investors we wait for it.
We can see many events in-line with January 2024.
I want to bring you up to date on my latest conversation with my CBI contact as of this past Wednesday, yesterday. It was told to me that the re-education campaign is still going forward but not yet rolled out as of yet.
There is talk in the CBI it may be postponed due to the Gaza strip conflict, but no action or direction has been given to signify this as of yet.
I think they, like us, are holding our breath and praying his conflict will be short-lived and not the beginning of the huge middle eastern drag our war engulfing many other countries.
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