Question "Do you think we will be limited to the exchange time?"
...They will give you the time frame. I'm hoping...they never stop. Now, Iraq will stop. They will eventually cancel their 3-zero notes but you'll be told way in advance. My only sadness is I hope they don't say you you got 3 months to exchange. I would love to see the float go into 6 months or a year...If we are stopped then the float is of no value to us any longer...
This is not an RV like a lot of silly people say. This is a reinstatement. It's about the numbers of the reinstatement. They are talking about the fils...It's blowing my mind all the things they're telling you...We have landed on the shore of monetary reform.
IMO because they are telling you so much in such a concentrated amount of time it's because they are in a hurry as January the 1st approaches us...
Kirkuk governor announces forming "Unified Arab Bloc" in Provincial Council
Shafaq News / The 'Unified Arab Bloc' was announced today, Sunday, in the Kirkuk Provincial Council, comprising the winners of the local elections from the constituent components.
The bloc was formed from three alliances: the 'Arab Alliance,' the 'Leadership Alliance,' and the 'Arabism Alliance.' This was declared by the acting governor of Kirkuk and the head of the 'Arab Alliance,' Rakan Saeed Al-Jubouri, in a statement followed by a video recording in the presence of the winning candidates from the constituency in the recently held Provincial Council elections.
Al-Jubouri stated, 'We announce the formation of the Arab bloc in the Kirkuk Provincial Council to preserve the rights of our voters and achieve peaceful coexistence among all components.'
The results of the local elections in Kirkuk led to the victory of 'Kirkuk, Our Strength, and Will' list, affiliated with the Patriotic Union of Kurdistan, with 5 seats.
The Kurdistan Democratic Party won two seats, the Arab Alliance in Kirkuk secured 3 seats, the Unified Turkmen Front with two seats, the Leadership Alliance with two seats, and the Arabism Alliance with one seat. Additionally, the candidate (Emil Boutros Constantin Ibrahim Agha) won a Christian quota seat.
Kirkuk is one of the disputed territories between Erbil and Baghdad, covered by Article 140 of the constitution. It was previously under joint authority between the Kurdistan Region and the federal government before the referendum for independence conducted by the region in September 2017.
Article 140 aims to reverse the demographic policies implemented by Saddam Hussein's regime in the disputed areas favoring Arabs over Kurds. The article involves taking a census before the final step of holding a referendum, allowing the population to decide whether to join the Kurdistan Region or remain under Baghdad's administration.
The completion of Article 140's implementation was expected by the end of 2007, but security and political issues hindered its progress.
IMHO... We wait for ISX to open Tuesday... Then Tuesday evening Iraq said they will pay salaries out of budget? Hoping these are clues to going from program rate to international market rate.
Iraq's elections days are 18th and 19th. Rumor has it they will release the new exchange rate post election...we shall see if that's true or not in the coming days.
TURKSTAT: Turkey's Exports to Iraq Surge, making it the third top importer in November
Shafaq News/ Turkish Statistical Institute (TURKSTAT) reported that Iraq secured the third position among countries importing the most from Turkey in November.
According to the report, exports climbed by 5.2% compared to the same month in 2022, totaling $22.999 billion, while imports decreased by 5.7% compared to 2022, reaching $28.916 billion.
The report said that Germany topped the list with 1.750 billion dollars, the UAE came up at $1.365 billion next after them (second place), the United States ranked fourth with $1.262, and Italy scored fifth with a total imports of $1.103 million.
"Iraq Stock Market Report · ISC approved the listing and trading of reconstruction bonds which was issued on 10/10/2023 by the Ministry of Finance, ..."