STATUS OF THE RV. PART. 3
What I am trying to tell you again is that they are still artificially suppressing the dinar and I believe they are still holding to this Obama/Biden foreign policy due to the economic war between Iran and the US, at lease for the time being. The currency resetting has to take place as some point. This news in this article is just yet another example of the problems facing Iraq.. Problems that they will NEVEER solve until they stop treating their economy like it is still under Chapter VII sanctions.
Are they finally breaking the parallel market?
We have also witnessed this and there is a significant decline the black-market pricing of the dinar. In other words it is getting closer and closer to the “official” CBI rate. But this news today is shocking news and we all certainly hope they do not decide to devalue the dinar, as they did in 2020.
What else is in the news….
There are a few articles about the gas and electricity imports from Tehran to Iraq. The US State Department announcing that it is reviewing all economic exemptions that provide Iran with any degree of support, in an escalatory step that could have broad repercussions, especially on Iraq, which relies heavily on gas and electricity imports from Tehran.
I will not list all the articles here on this subject and you can go are read them for yourself in the Articles Section of the Newsletter. Are they worth reading? I would pay attention to what they are telling us, but most of us should already be aware of this news as I have talked about it already. Iraq is trying now to negotiate gas from outside Iranian sources. They have also asked for U.S. help to finally complete the electricity grid, but remember this grid is to run off of almost exclusively natural gas LNG, something that they are working on to capture from their own Iraqi oil wells and use in their power plants. But this takes time to implement and pay for this project.
This gas is just being wasted today and blown off. This project cost money and would not be completed until 2028, three years from now. So, what do they do in the meantime? Maybe they can shorten this project with the U.S. help. Trump is good as solving problems and so let’s see what he comes up with for this one….lol..lol..lol..
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