Monday, December 25, 2023
Transport: Iraq is ready to transport global goods from east to west, 25 DEC
Transport: Iraq is ready to transport global goods from east to west, 25 DEC
"RV UPDATE" BY MILITIAMAN, 25 DEC
Militia Man
Keep positive. Keep upbeat. There's nothing bad as far as I can see at the moment. We'll see. Anything can happen. Anything can change..
What I've always said is it makes more sense for Iraq to have a managed float which is effectively a fixed exchange rate...1 to 1 or 2 to 1, 3 to 1, 4 to 1 whatever they decide to do it makes it easier the higher that exchange rate is to defend...Having a...3 years budget keeps it stable...pricing stays stable.
Anybody that says it's going to float to from a relatively low range to a high range over time they don't understand. Article quote: "The exchange rate will be fixed especially since it's been fixed in the federal budget law for 3 years says Saleh..." This is coming from the advisor. Don't talk about float. It just doesn't make sense to anybody.
Since November of last year they have been working to do what? Get rid of the parallel market. And how are they doing that? They're populating banks with many other currencies. They're doing all those things that are necessary to do what? Be article VIII compliant, to have a single currency, not a dual currency country. They're getting rid of multi-currency practices.
They're talking about reducing Iraq's dependence on oil. Dependence on oil is going to go away because they have non oil related products...services...and sectors . That's going to be from the taxes and tariffs at the borders, imports, exports, natural resources. They're going to have other than just oil. They're going to have other circumstances...They're talking about 350 million ton of sulfur...They're trying to achieve sustainability for the private sector..
Everybody knows Iraq is about to go International and they're going to have a digital transformation ...When they have this investment budget and they start spending...Iraq is going to be filthy rich with revenue streams from the electronic borders, agriculture, tourism... mining, sulfur, phosphates...they're going to have revenue like no other.
There isn't anything else like it, in my lifetime, that I can see is going to trump Iraq... Don't forget...Iraq has a massive amount of hydrogen for clean energy...nobody else is talking about it...The amount of money and revenue streams Iraq is going to have is almost incomprehensible...It really is intense on how much money these guys are going to make on a regular basis..
https://dinarevaluation.blogspot.com/2023/12/rv-update-by-militiaman-21-dec.html
https://dinarevaluation.blogspot.com/2023/12/rv-update-by-militiaman-22-dec.html
Al-Sudani directs ministries to hold urgent meeting with Shell company, 25 DEC
Al-Sudani directs ministries to hold urgent meeting with Shell company
Shafaq News / Prime Minister Mohammed Shia Al-Sudani convened an urgent meeting on Monday with the Minister of Oil, Industry, and Minerals, as well as the Advisor to the Prime Minister, to engage in discussions with the global company Shell regarding the settlement of its obligations.
A statement from Al-Sudani's office said that the meeting focused on monitoring the implementation steps of the prominent Nebras Petrochemicals project.
Al-Sudani reviewed the progress stages, completed steps, and recommendations from the supervisory body overseeing the project, emphasizing the crucial element of time. He stressed that the project had faced delays and setbacks since 2015 and reaffirmed the government's determination to see it through, utilizing its full capabilities and authorities.
During the meeting, Al-Sudani underscored the necessity of removing any obstacles hindering the project's progression. He emphasized the Iraqi market's need for petrochemical raw materials to support domestic industries and transition to local production.
The Prime Minister directed an urgent meeting involving the Ministers of Oil, Industry, and Minerals, the Prime Minister's advisor, and consultant Genis with Shell International to settle all remaining matters. Additionally, he instructed the scheduling of monthly meetings under his leadership to monitor progress, activate solutions, and eliminate obstacles.
https://shafaq.com/en/Economy/Al-Sudani-directs-ministries-to-hold-urgent-meeting-with-Shell-company
"RV UPDATE" BY RAYREN98, 25 DEC
RayRen98
[via Babysmom] ..."BANKERS CAN SEE RATES..."NOW" EVEN THOUGH THEY HAVE TO WAIT ON FOREX TO OPEN FOR THIS WEEK...WOOOOO HOOOOOO"
US BANKS HAVE THE RATES, SAID THEY WERE WAITING FOR FOREX TO LOAD BEFORE THEY CAN START ...THEY "THOUGHT" IT WOULD BE AT OPENING ON SUNDAY EVENING, BUT NOT YET. FEDERAL RESERVE IS SENDING ALL STAFF IN TOMORROW NIGHT TO OBSERVE THE "TRANSACTION"... .I DO "BELIEVE" THAT IT HAS BEGUN!! RATES DID CHANGE IN IRAQ LAST WEEK...MAYBE AGAIN OVER THE WEEKEND?
WAITING TO HEAR FROM SOME FOLKS WHO WERE EXCITED LAST NIGHT AND WERE LOOKING TO SEE SOMETHING (BEHIND THE SCENES) THROUGHOUT THE NIGHT...TIME WILL TELL
https://dinarevaluation.blogspot.com/2023/10/rv-update-by-babysmom-rayren98-17-oct.html
Fri. 15 Dec. TNT RayRen98:
The expected RV is now scheduled. Good news. This morning Iraq citizens were told in the next couple days. Sudani told ppl the rate is going to change in the next couple of days. I also go this from Tish she was watching in Iraqi tv. The RV was supposed to occur last night Thurs. 14 Dec.
Sudani was telling ppl this morning in a town hall type of meeting that the rate is going to change in the next couple of days. The last day the rate changed was the 20th of December. If Iraq says today is last day, 4:30 EST is the next day Iraq time ~ a few minutes past midnight. They wanted to do it at 1:00 am eastern. This is how they want it to go down. In Iraq everyone is off Monday and Tuesday so they can go vote and the budget will be released on Tuesday. All the money.
Fri. 8 Dec. TNT: It was supposed to go Thurs. night 7 Dec. Everyone was waiting on the IMF to release it. After a meeting earlier today Fri. 8 Dec, contacts said it will happen by Mon. 11 Dec. Sun. 10 Dec. is Iraq’s Victory Day, so Tony thinks it might happen then.
People that have already contacted their banks are being called in to go over the procedures for the exchange, interest rates they would pay them, debit and credit cards that will be available to them, etc. Banks are acknowledging that it is happening and that they want people to choose them.
https://dinarevaluation.blogspot.com/2023/12/judy-notes-9-dec.html
CAN THE POPULATION CENSUS SUCCEED IN DRAWING A NEW ECONOMIC POLICY IN IRAQ? WITH MNT GOAT COMMENTS, 23 NOV
CAN THE POPULATION CENSUS SUCCEED IN DRAWING A NEW ECONOMIC POLICY IN IRAQ? The Iraqi government is preparing to conduct a general populatio...
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Frank26 [Bank story] This time we didn't go down, we just called [the bank]... We said we want to see if we can exchange some cu...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...