IQD exchange rate and disagree with pimpy BY NADER FROM MID EAST

"X.AI, ELON MUSK'S NEW AI VENTURE", 6 AUGUST

 Summary: X.AI, Elon Musk's new AI venture, is currently privately held, and its stocks aren't available for public trading. There's no official news regarding an Initial Public Offering (IPO), though anticipation in the AI industry is high due to the company's potential to challenge leading models like ChatGPT4.

Despite being privately held, the company's valuation is speculated to be substantial, possibly rivalling OpenAI’s $29 billion dollar price tag. The company's exact roadmap and future announcements are eagerly awaited by the AI industry.

Can You Buy X.AI Stocks?

Currently, X.AI, a cutting-edge artificial intelligence project steered by Elon Musk, is not publicly traded, making its shares inaccessible to the wider investment community. The primary source of X.AI's funding is private, with a large portion of the capital coming directly from Musk's personal wealth.

This innovative venture, specifically, is touted as a potential major competitor to OpenAI's ChatGPT, which is currently considered a leading conversational AI model. Amid these advancements, investors are keenly observing X.AI's progress, eagerly anticipating Musk's potential move to take the company public, a decision that could significantly disrupt the AI conversation realm, presently led by OpenAI's ChatGPT.

Is X.AI Going to IPO?

As of now, X.AI, Elon Musk's latest artificial intelligence venture, has not officially announced plans for an Initial Public Offering (IPO). Despite the absence of formal communication, the AI industry is excited about the company's potential, particularly due to its mission to advance AI technology to a level that could challenge leading models like ChatGPT4.

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What is X.AI?

X.AI is a newly founded company by Elon Musk, dedicated to the development and advancement of artificial intelligence technologies. X.AI is  rumored to focus on developing a sophisticated large language model, potentially leveraging data from Twitter and other sources to train the model. The company appears to be assembling a team of leading AI researchers and engineers, drawing from talent pools in other notable tech companies.

The goal of X.AI is not entirely clear as of now, but given Musk's background and previous statements about AI, it is likely to focus on creating AI technology that is safe, ethical, and beneficial for humanity. As Elon Musk is a co-founder of OpenAI, and given his history of innovative and industry-transforming ventures, X.AI is anticipated to significantly contribute to the AI field.

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X.AI Stock Valuation

As a private entity, X.AI's exact valuation remains undisclosed. However, under the helm of tech mogul Elon Musk, coupled with its competitive aim to contest with ChatGPT, currently valued at $29B, X.AI could potentially command a similar valuation. Yet, a precise figure can only be confirmed through official announcements or up-to-date market analyses.

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Bottom Line

In conclusion, X.AI, Elon Musk's latest AI venture, remains a private entity, barring public trading of its equity. The company's exact roadmap, including potential plans for an IPO, remains unannounced. The anticipation surrounding X.AI is heightened due to its ambitious goal to revolutionize the AI industry, potentially challenging leading models like ChatGPT4. 

While its valuation is not officially disclosed, some suggest it could match the stature of other prominent AI firms. The AI industry eagerly awaits any future announcements from X.AI, which, under Musk's leadership, is predicted to make significant contributions to the AI field.

https://www.datawallet.com/stocks/buy-x-ai-stocks

"WHY WAS THE OIL & GAS LAW NOT LEGISLATED IN IRAQ PREVIOUSLY?", 6 AUGUST

 Why was the oil and gas law not legislated in Iraq previously?.. Political differences 18 years ago

2023-08-05 | 03:42

Why was the oil and gas law not legislated in Iraq previously.. Political differences 18 years agoPolitical disagreements over the issue of managing the oil fields of the Kurdistan region of Iraq prevented a vote on the oil and gas law, despite its economic importance, which has been pending legislation in parliament since 2005, which stipulates that the responsibility for managing the oil fields in the country should be entrusted With a national oil company, supervised by Baghdad.

The law was introduced many times during the previous parliamentary sessions and was not included in the parliamentary laws and legislations.

The economist saidNabil Al-MarsoumiIn a post that followedAlsumaria NewsAlthough two versions of the draft oil and gas law were issued, one in 2007 and the other in 2011, no oil and gas law was legislated inIraqBecause of the great difference between the political forces on many issues, including:

First: The dispute over giving the region licensing authority in the field of exploration and development of discovered undeveloped fields. This is contrary to the jurisdiction of the National Oil Company, which leads to a conflict between the jurisdiction of the region and the jurisdiction of the National Oil CompanyOil Ministry. This disparity would prevent the existence of a unified system of contracts in the regionsIraqThe different that giving the regions the right to conclude licensing contracts prevents the implementation of a federal oil and gas policy. There will be two oil policies, one in the center and the other in the region.

Second: There is a major disagreement in the interpretation of Article (112/First) of the Constitution, which requires that the central authority manage the oil and gas extracted from the current fields in coordination with the regions. Exploration patches and this understanding leads to the interpretation of the regions that they will take over the management of oil and gas.

Third: Giving the authority to license oil operations for exploration and production contracts in the center and the regions after presenting the initial contract toFederal Council. This leads to duplicity in the oil policy and affects the economic policy of Iraq due to the potential difference of visions between the Federal Council andOil Ministry.

Fourth: Granting an important aspect of the negotiating role of the Federal Oil and Gas Council and its tasks to a regionKurdistanAnd the oil-producing cities that are not organized in a region may weaken the negotiating role of Iraq and exacerbate the risks surrounding the implementation of a unified strategy in the country.

Fifth: When a unified central policy is lost, competition and disagreement will prevail between the National Oil Company and between the regions and governorates, which will lead to disagreement instead of cooperation that guarantees the unity of the people and the country. While the constitution granted the task of managing oil and gas wealth to the federal government in partnership with the regions and governorates.

On February 15 of last year 2022, the Federal Supreme Court issued a ruling that the oil and gas law of the regional government of 2007, which regulates the oil industry and its extraction in the region, was unconstitutional. This ruling came after the regional government concluded contracts with foreign oil companies. Provincial government refusedKurdistanFederal Court decision, giving up control over oil exports.

The oil and gas law legislation – which has been suspended since 2005 – would regulate and support the oil sector, by regulating investments in the oil and mineral aspects, especially with regard to managing the part of the region.Kurdistan.

alsumaria.tv

"IRAQ NEWS ABOUT THE EXCHANGE RATE OF IQD & BUDGET", 6 AUGUST

Dollar maintains value above 1500 dinars in Baghdad and Erbil

Shafaq News / Baghdad and Erbil witnessed a notable surge in the exchange rates of the US dollar against the Iraqi dinar on Sunday.

According to Shafaq News Agency's correspondent, al-Kifah and al-Harthiya central stock exchanges in Baghdad reported an exchange rate of 150,500 Iraqi dinars per 100 US dollars, marking a significant increase compared to rates recorded in the morning of 150,200 dinars per 100 dollars.

Meanwhile, local currency exchange offices in Baghdad also experienced an upward trend. The selling price of the US dollar reached 151,500 dinars, whereas the buying prices reached 149,500 dinars per 100 US dollars.

In Erbil, the capital of the Kurdistan region, the stock exchange also observed a similar increase. The selling price reached 150,700 dinars, while the buying price reached 150,600 dinars per 100 US dollars.

https://shafaq.com/en/Economy/Dollar-maintains-value-above-1500-dinars-in-Baghdad-and-Erbil

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Dollar Exchange Rates Expected to Stabilize, Parallel Market Struggles to Meet Demand

Shafaq News/ Financial expert Hilal Al-Ta'an on Sunday said that the dollar exchange rate is set to stabilize at its current level in the parallel market as cash sales from the Central Bank of Iraq (CBI) are insufficient to meet domestic market demands.

Al-Ta'an, in a statement to Shafaq News Agency, said that the US dollar exchange rates might "settle at 1500 dinars in the parallel market after a slight decline."

He said that demand for the dollar remains high in the parallel market, notwithstanding the measures implemented by the Central Bank.

Al-T'an said that the international banks' auditing procedures delayed the transfers, prompting the traders to buy green banknotes from the parallel market.

"The CBI's cash sales have been low recently and, indeed, do not meet what the domestic market needs," he continued. 

The exchange rate of the dollar against the Iraqi dinar dropped, hitting the threshold of 1500 dinars to one on Sunday.

https://shafaq.com/en/Economy/Dollar-Exchange-Rates-Expected-to-Stabilize-Parallel-Market-Struggles-to-Meet-Demand

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Iraq's Minister of Labor Initiates Budget Implementation Instructions

Shafaq News / The Minister of Labor and Social Affairs, Ahmed al-Asadi, announced on Sunday that this week will witness the delivery of implementation instructions for the federal budget for the year 2023 to the ministries.

Al-Asadi stated, during a press conference held to inagurate the "Iraqi Charity Lotto" project, that "the delay in issuing the implementation instructions for the general budget was due to sending them to the State Council, which, in turn, completed its review last week and sent them to the Ministry of Finance."

He added, "The Ministry of Finance will send the budget instructions to the ministries and government departments during this week."

Last Tuesday, the State Council stated that the auditing process of the implementation instructions for the budget law for the years 2023-2024-2025, Law No. 13 of 2023, was conducted in the presence of the Ministries of Finance and Planning, and relevant entities, to facilitate the implementation procedures of the aforementioned law.

It is noteworthy that the Iraqi Council of Representatives voted on the federal budget law for the years 2023-2024-2025 on Monday, June 12, after discussions that lasted for five days.

The current year's budget amounts to 197 trillion and 828 billion Iraqi dinars (approximately $152.2 billion) with a total deficit of 63 trillion dinars ($48.3 billion). As of now, the budgets for the years 2023 and 2024 have not been made public.

https://www.shafaq.com/en/Iraq-News/Minister-of-Labor-Initiates-Budget-Implementation-Instructions

"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 6 AUGUST

 Frank26 (KTFA)

They are protecting the dinar and they’re protecting the exchange rate from any speculation, fluctuation, lies, profiteering from any Iranian thief.  This is amazing.  This is 304…They just blew the door wide open to bring forth the new exchange rate, the budget, the HCL, the lower denoms, the coins, the future of Iraq…

[Iraq boots-on-the-ground report]

FIREFLY: All the corrupt people in Iraq are trying to blame the USA for the issues. They’re saying it’s the USA ‘s fault. However the problem, just like Alaq told us, is in the local merchants that are refusing to get on the dinar platform and still use the dollar and smuggling of dollars outside of Iraq by false companies, by citizens we know is the corrupt that are getting caught.  We know this. 

DINARLAND UPDATE, 6 AUGUST

 Mountain Goat

This week I had an interesting conversation with my CBI contact in Iraq. I was told to expect yet another “official” rate change of the dinar from the 1320 rate. I was told the new measures were trying to get as close to 1000 rate as possible. I asked about a more specific number, but I could not get a commitment on the actual range. However, I was told that the measures to be taken in the coming weeks should move the dinar within this range.

What is the plan once this new rate range is met?  I was told that the CBI could then go ahead with the project to delete the zeros. We know that when this new rate is rolled out the CBI will then drop three zeros from the currency. It was my feeling that they are heading to around an 1166 from 1320 rate so we are not that far to go and these new measures should take them to the rate they need.

In today’s news the CBI tells us that on Thursday (August 3, 2023),  the Central Bank of Iraq revealed new decisions that will be issued next week to reduce the price of the dollar in Iraq…We know this is the fourth time the CBI told us they were implementing a package of currency reforms…

MilitiaMan (KTFA)

Article Quote:
“The Deputy Governor of the bank…promised yesterday other decisions will be issued next week that may contribute significantly to reducing the dollar exchange rate.”

They’re talking about reducing the dollar exchange rate.  They can do it in the official sense or they could be considering that to be in the parallel market sense.   IMV…the quote for the black market or the parallel market…were fake.  Basically the corrupt were cheating the corrupt and some of them were complaining…there’s something happening next week.

Article Quote:
“…the printing of the Iraqi currency will not be random...there’s no fear of any increase in the monetary mass.“

…What they’re talking about is education.  They’re telling people educational items…So if they do print a currency…it’s going to do it for a purpose...If they increase the supply of currency on the street it’s going to devalue the currency.  What they’re stating is there’s no fear of an increase in the monetary mass therefor there would be no reduction in the value of the dinar. ..they keep reiterating next week which may contribute significantly to reducing the exchange rate of the dollar…

Nader From The Mid East

We’re waiting for next week.  We see what’s going to happen.  I hope we go to 1000 because once it goes to 1000 I’m sure they’re gonna remove the zeros and it’s be 1 to 1.  I hope so.  I hope this was gonna happen.  That’s what everybody think is going to happen.  But it’s tough.  It’s not easy…

MarkZ

[via PDK]

Question: …do you think there will be an interim rate change in Iraq to between 1000 and 700 before they drop the three zeroes and get us to better than 1:1?

MarkZ Answer: If you had asked that a few weeks ago I would have said yes. But asking that today-I think they are going to skip that step…but we will see.

"RV UPDATE" BY RUMTEL, CANDY KISSES & BEARDED PATRIOT, 6 AUGUST

 Sat. 5 Aug. Rumtel Update:

• CBI has the budget. Banks have until Sunday to “synch up” with the Central Bank of Iraq.
• Action on Sunday will drive the Dinar rate DOWN to 1,300 to 1 US Dollar. This will match the rate on the street and the budget.
• CBI will then “revalue” to 1,000 to 1. Target date is Wednesday.
• CBI will then “drop the 3 zeros” to 1-$1 with the US dollar, at which point the Dinar will be tradable and “floating” on the Forex. It will NOT float down.
• Political hurdles have been cleared.
• “Health crisis” of a major figure was an assassination attempt. Failed.
• No moves left.
• First major figure to “leave the stage” on Thursday 10 Aug.
• This is the plan as of today Sat. 5 Aug, as I understand it from separate sources. We’ll see. All we can do is wait and hope that events unfold along these lines. Enjoy your weekend. Watch some sports and pray this in.

TNT Candy Kisses: The Iraqi Parliamentary Finance Committee stated on Sat. 5 Aug. that the Iraqi budget (that contained the new Iraqi Dinar Rate) would be implemented sometime this week. Clare: And finally – 50 days after its approval, the budget enters into force.

Sat. 5 Aug. Bearded Patriot

• We have good news and not so good news. I will start with the “Not so good news”
• The Iraqis have decided NOT to publish the new rate into the Gazette this Saturday.  In order for me to explain why….I will be crossing the line of agreement of information (even though you have the right to know).  So, I won’t be able to explain why in detail to you.  Please try to understand. 
• There’s a definite and final BACKWALL that was established by all participating countries. This slight delay will help some countries that were not ready for the RV, therefore giving them the time to complete their efforts so they too will be a part of this RV. 
• THE GOOD NEWS is that due to the slight delay, this will allow other countries, including but not limited to Iraq, Dong, Dinar and all other participating countries for their currency values to “INCREASE” before we move forward. 
• I can tell you that this will be completed before the end of August. 
• Please forgive me for missing this date of RV.  ALL SIGNS, INDICATIONS AND COMMUNICATIONS were there and I had so much confidence that it was happening.  LET ME BE VERY CLEAR, there was NEVER EVER ANY INTENTION OR PURPOSEFUL MISDIRECTION TAKEN ON MY PART TO HURT OR HARM ANYONE AT ANYTIME REGARDING THE TIMING OF THIS EVENT.  (I can just hear the trolls already!)
• Although this is a setback….it’s not the end by far.  We will still have the RV,  it will be just a couple of weeks from now.