Article: "The International Monetary Fund welcomes Iraq's accession to a program that supports economic reforms"
Quote: "Thursday...the International Monetary Fund welcomed Iraq’s accession to a non-financing program to support economic reforms" After decades of involvement...the specificity of many things are likely to be known by the IMF,
exchange rate regimes be sure. For Iraq to be moving forward with all reforms ...in that there is no financing needed should be eye opening for everyone. How does non-financing work with the IQD at 1,310 IQD to 1 USD for to pay for projects and commodities?
It has not ever while with an IQD exchange rate of $.0006 or even $.0007 to the dollar. So why would it be any different now? It clearly wouldn't.
The fun part is we are watching history in the making...Saudi Arabia strongly supports Iraq's ascension to the World Trade Organization...They've basically said Iraq has completed everything needed to be done. Everything is just shy of announcing they have WTO ascension.
Al-Sudani: Our position is clear and we will not hesitate to take all necessary measures to protect our sovereignty
Prime Minister Muhammad Shiaa Al-Sudani stressed today, Friday, that the government will not hesitate to take all necessary measures to protect the country’s sovereignty.
The Prime Minister stated, in an interview conducted with Bloomberg Agency, followed by NRT Arabia, that “no single party, whether external or internal, can take away the rights of the Iraqi government and its role in extending its security,” adding: “Our position is clear, and we will not hesitate to take all measures.” The necessary measures to protect our sovereignty.
Al-Sudani added, saying: “So far there is no problem regarding the production and export of Iraqi oil,” noting that “events are continuing in this sensitive site, which constitutes more than 30% of the world’s energy supplies.”
He said, “It is certain that the current conditions are worrying for both exporters and importers,” warning that “prolonging this war in Gaza and the West Bank will lead to expanding the circle of conflict, and this is what happened.”
He confirmed his position, saying: “We do not have a problem with the Turkish side. They have shown willingness, but there is a problem with the oil producing companies in the Kurdistan region,” explaining that “the dispute between Baghdad and Erbil revolves around the problem of the cost of producing barrels.”
Al-Sudani pointed out, “Iraq is an active member of OPEC, and we make decisions in OPEC through discussions and understandings,” noting, “The government’s plan is to rely on what gas we have, whether that is associated with oil or natural gas.”
He added, “We plan within 3-5 years to provide for our gas needs and reach a stage where we do not burn gas,” adding: “We have allocated $4 billion for gas imports, and once they reach self-sufficiency, this amount will be allocated to other projects.”
Just be patient, the reinstatement is coming and I firmly believe from what we now know there is a very strong likelihood we NOT are going to be at the banks in early 2024 but there is still strong hope for early part of the new year. There is no guarantees and so no one really knows a date when the event will occur. Let’s just follow the FACTS and see where they lead us…okay? Iraq is full of surprises and so anything is possible.
...in my conversation with my CBI contact on my Wednesday call...We...talked about...the monetary reform and where it stood. I was told it would take some time, maybe weeks or months even for the currency swaps to take the needed effect in leveling out the parallel black market rate for the dollar. But my contact seemed very optimistic that the plan now in place could move this rate quicker than expected even. But I was warned not to expect instant success as there is still a period of monitoring it for wide swings, in other words it needs to be stable...We can see that there has been more progress towards currency reform in the last 12 months than in the twenty years combined.
There is much prosperity and abundance coming our way this new year. Let’s all just be patient and stay calm.
Article: "SUDANESE ADVISOR: EXCHANGE RATES WILL REACH 135 THOUSAND PER 100 DOLLARS SOON"If this really does happen we will be in great shape to see the one more program rate change we have been waiting for. But remember they will probably wait and monitor the rate to ensure it is first stable, How long we don’t know. But this is fantastic news today.
Article: "SUDANESE ADVISOR: EXCHANGE RATES WILL REACH 135 THOUSAND PER 100 DOLLARS
SOON"If this really does happen we will be in great shape to see the one more program rate change we have been waiting for. But remember they will probably wait and monitor the rate to ensure it is first stable, How long we don’t know. But this is fantastic news today.
I believe we will not get out of January without seeing the project to delete the zeros and my CBI contact ...gave me assurances that this could be the case.Keep our fingers crossed nothing else interferes in the process.
I am told they fully intend to have this parallel market on target and under control within January...if they can accomplish this target, we know what their next move will be... We don’t need to speculate...We know as a FACT
Former MP: Passing the oil and gas law depends on the nature of the large bloc agreements
Information/Baghdad… Former member of the Parliamentary Oil and Energy Committee, Ghaleb Muhammad, confirmed today, Friday, that passing the oil and gas law requires consensus among the large blocs that have a majority within the House of Representatives, otherwise the law will remain in the corridors of the House like the rest of the laws that have been stalled for years.
Muhammad said in a statement to Al-Maalouma, “Passing the oil and gas law depends on the movements of the large political blocs that have a majority in the House of Representatives, since Parliament is responsible for approving laws.”
He added, “If the political blocs agree to pass the aforementioned law, they will go to Parliament and vote on it. If they do not agree, it will remain in the corridors of the Council for years, like previous laws.” He stated that “the House of Representatives in its current session does not have the ability and will to solve the problem related to the oil and gas law in order to pass and legislate it within Parliament, as the matter depends on the large political blocs and the nature of their agreements on the law.”
Member: Good morning Mark. Any word on any Whales being paid or on any NDA's???
MZ: I am hearing a ton about it but have not been able to verify anything. I have talked to a number of them and they have great expectations and are expecting payments very soon. They have been told they will have a “iron clad NDA”
MZ: I think that is their way of saying “when I can’t say anything” that this means they have funds and NDA’s signed. But, they are still talking right now. I know this disagrees with some gurus on the boards. But these are the facts I have from people involved.
Member: Are you under an NDA Mark?
MZ: From years ago –I signed an NDA for one transaction that has not happened yet. I have a skr (safe keeping receipt) and I cannot talk about the specifics. And I have not received any funds from it. I have not signed anything recently.