STATUS OF THE RV , PART. 2
What new rate?
The CBI official rate has not changed.
The rate on ISX fluctuates a bit but that is the only rate change I see. Oh could it the new price of oil that has changed, get it. Oh … yes that’s it!
😊 This is not a new dinar rate. It is just the price of oil they will use to determine if they can complete a project or not. It’s called revenue streams! Some projects may have to be cut or scaled down to match the revenues.
Today they even tell us in article titled “140 TRILLION DINARS ENTER THE IRAQI TREASURY IN ONE YEAR, 91% OF WHICH COMES FROM OIL.“
that oil is still 91% of the revenue streams for Iraq. So, if oil drops, so must their budget. The finance committee just told us that they are now finishing up and getting ready to roll out the budget tables.
Here is the article titled “TO SPUR INVESTMENT, PARLIAMENTARY DEMANDS TO EXPEDITE THE RELEASE OF THE 2025 BUDGET SCHEDULES.” Please go read it. I wish they did. These contracts are changing because the price of oil changed and the 2025 tables were revised.
Oh …. You might say they are just “misinterpreting the news from Iraq”.
Yes, they are and that is the problem, get it? No more excuses! Whoever is feeding this bad information to these idiot intel gurus has a warped sense of humor.
Here is reality: The old tables for 2023 and 2024 were based on $70 a barrel and now they had to reduce the 2025 budget down to $60 as barrel.
This is why it's taking so long to roll out these tables. Of course, contracts are going to change. Yes, they are waiting for the new budget tables to roll out. It’s like trying to stop a moving train.
The economy keeps moving ahead, yet oil prices drop. How does Iraq accommodate this change without racking up a huge deficit. This what they are trying to do. Get it?
The decrease in oil prices simply means there would be less money for projects, All their contracts and projects are based on it. Get it? So going forward there is a change but the change is less not even more. Again the new rate will never be in the budget. Get it? They are talking about allocations of money from the budget not the rate of the dinar.
However, for some reason these thick-headed idiots want to make everything about an RV.
They are constantly over speculating.
They make a mountain of intel over a mole hill of information. This stupidity must stop. Oh ….
But they have such good sources? Really? Their little group of followers are constantly kept on the edge hoping for the new rate and to go to the bank. They are too dumb to realize they are being scammed. Every week, every weekend the same old bullshit.
They are even paying this guy $100 now to hold a place on his site so when the RV does happen, they can pay $1,000 to be onboard and get financial advice on how to invest their money. They will also be told of new opportunities with a new set of currencies to watch. Is this TNT Tony a licensed financial advisor?