RV UPDATE INSIGHTS BY BREITLING, 10 OCT

 Breitling 

 Right now I don't have confidence in Iraq's economy because what's at stake, what's going on.  Even if they build a minor version of what they want to do [Development Road Project], it's not going to be as big as what they need it to be.  

They needed to pick the right side [East or the West], they didn't. 

 The indicators that they didn't pick    the right side is that Hezbollah and Hamas were going to build their headquarters in Iraq...

It doesn't look like they're going to be part of our markets. 

 They're making bad bad moves right now.  For the first time.  Hezbollah is a shell of what they used to be so we'll see how things work out.

BRUCE CC HIGHLIGHTS TODAY @DINARREVALUATION

EXIM Bank approves $297m for Energy Project in Iraq, 10 OCT

 By John Lee.

The Export-Import Bank of the United States (EXIM) has approved a $297 million final commitment in support of an energy efficiency project in Iraq.

The project will increase the availability and reliability of electricity in Iraq by generating power through waste heat.

Florida-based Stellar Energy Americas, Inc. will provide engineering, procurement, construction and other services in support of this project.

This transaction is estimated to support 600 U.S. jobs across more than half a dozen states.

(Source: EXIM)

THE $1320 IQD WILL BECOME INTERNALLY FOR THE IRAQI CITIZENS $1.32 USD BY FRANK26, 10 OCT

 Frank26

  A lot of people unfortunately are considering this a lop...

You really think they're going to take a pair of scissors and go click, click, click [cutting off zeros from the physical notes]? 

 What is this...it's got holes in it?  You just cut it all up...

No, if they did that it's called a lop...So where does it come off of? 

 A [physical note] is called a currency. You're not going to take it off the bill...Iraq's exchange rate is .00076981 .

  You take the decimal point and you move it over to the right three spaces because that's three zeros and this becomes $0.76 .

 Got it?  This is purchasing power when you change the exchange rate by lifting 3 zeros.

 What is the exchange rate right now in Iraq?

  1320 .  When they change the exchange rate that will become internally for the Iraqi citizens 1.320

PIMPY: Iraqi Dinar update for 10/08/24 - Budget time. is new rate coming