"RV UPDATE" BY MILITIAMAN, 14 JAN

 Militia Man

  The Central Bank of Iraq...they're not going to be doing all the banking...JP Morgan Chase, CitiBank...those are the the banks that are going to be doing the correspondent work with the trade, cross border payments...That's what we've been waiting on.  That's what happening.  It looks like the international institutions have the green light.  Looks like it's a pretty phenomenal time frame for that....

 Al-Alaq said he was going to delete the zeros/the project to delete the zeros off the exchange rate.  What did Al-Sudani say?  He said the dinar would be stronger than the dollar.  What did Salih say?    He said they were going to have a major announcement.  We're going to see if all three of those guys are telling the truth or not.  I have a feeling they are...

Accounting started January 1st.  Taxation in the dinar, commercial trading in the dinar was supposed to start on the 1st.  We're going to have to watch them expose how this rolls out.  

 Iraqi stock exchange soars 97%. The other day we talked about what 52% and that was a pretty bold statement for them to say that.  Now they're talking about 97% annual gain as an indication of economic upswing.. .

 The oil & gas law is a very important and is considered to be integral to the citizens needs and the economic development of the country. They stop short of telling us what came of the oil & gas law today. Why? 

...One reason would be that there is exchange rate sensitivity with respect to the law...An exchange rate to be one that is stronger than the dollar  (Per Al-Sudani) will help largely in that regard. So, yesterday they were focusing on the importance of this law and with urgency. A very good sign!!!

Iraqi stock exchange soars 97%. The other day we talked about what 52% and that was a pretty bold statement for them to say that.  Now they're talking about 97% annual gain as an indication of economic upswing...

The oil & gas law is a very important and is considered to be integral to the citizens needs and the economic development of the country. They stop short of telling us what came of the oil & gas law today.  Why?

 ...One reason would be that there is exchange rate sensitivity with respect to the law...An exchange rate to be one that is stronger than the dollar  (Per Al-Sudani) will help largely in that regard. So, yesterday they were focusing on the importance of this law and with urgency. A very good sign!!!

 Developing the market for the banking sector is huge because look, the ISX shows that their index has been up about 52% in 2023...Why is that if Iraq is just status quo and it's just blah...?  It's not.

https://dinarevaluation.blogspot.com/2024/01/rv-update-by-militiaman-12-jan.html