Tues. 30 April RV Update by Militiaman “We will see the dollar decline in the black market soon…the Central Bank’s credit rating [from the World Bank] is an A++ and exceeded the United Arab Emirates…” That’s the prime minister’s advisor talking…That’s phenomenal.
It’s big. It says a lot. It says they have trust. It says Iraq has the ability to pay back their bills. “…anticipating the impact of the Central Bank agreement with the US Treasury on exchange rates…
it is hoped the Central Bank of Iraq will announce the measures that were agreed upon in Washington which could have positive impact on the exchange rate…” The key focus is they’re talking about the exchange rate, positive impacts, the US Treasury on exchange rates. That is fascinating.
FRANK26: "SENDING PARLIAMENT TO ACTIVATE NOT TO VOTE ON IT!!!".........F26
Al-Sudani and Al-Mandalawi agree to complete the budget schedules and expedite sending them to Parliament
4/30/2024
Acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, met today, Tuesday, with the Prime Minister, Muhammad Shiaa Al-Sudani, to discuss the latest local developments and political efforts to complete constitutional entitlements, by deciding on the selection of a Speaker of the House of Representatives.
Al-Mandalawi and Al-Sudani agreed, according to a statement from the former’s office, a copy of which {Al-Furat News} received, “on the necessity of completing the schedules of the budget law for the year 2024, and expediting their sending to the House of Representatives for the purpose of discussing and voting on them, due to their connection to the lives of citizens and their focus on investment spending for new projects.”
The two sides stressed "the importance of integrating the work of the legislative and executive authorities and the impact of this on the speedy passage of important laws and supporting efforts to implement the government program and anti-corruption steps."
Per my Beeville Doctor the IQD rate in country is still $3.91 as of 2 minutes ago phone call.
----
Banker is stll out even though he thought he was flying back yesterday so it was shortly after 8:00 AM when he called me this morning. He indicated he would have more to discuss later today.
Folks Salty and I have talked and we remain committed to being of assistance in helping folks gain the reward they deserve once we RV relative to some financial considerations on how not to go broke like a lottery winner. Please stay connected....
----
Fri. 26 April Texas Snake
“A banker was advised to have his appointment/exchange personnel available on Sunday the 28th just in case they decide to activate the rate increase so appointments can be scheduled.”
I am as tired of sharing intel that doesn't materialize as you folks are of receiving it so all I will say is the banker was advised to have his appointment/exchange personnel available on Sunday the 28th just in case they decide to activate the rate increase so appointments can be scheduled.
Everything I am receiving is we are right there so just pray it in and prepare for what you will do in God's name .
Mon. 22 April Texas Snake: “The Iraqi Prime Minister returned to his country this past Monday and turned over to the head of the CBI to announce the pending revaluation of his nations currency. The CBI provided the new rate to the IMF who in turn provided this rate to the FOREX which by policy has 72 hours from receipt to post for universal recognition for sometime Wed. 24 April.
----
Okie had some positive news earlier today, thought we would hear some indication of the new rate when the Premier returned to his country from his visit to the US, the banker is assisting his hospitalized wife in CA so very little news from him so I guess we wait for FOREX to open, but again sports fans we appear to be very close, so say your prayers tonight.
This may be a little longer post than usual as the powers that be do not wish to get anyone''s hopes up only to be disappointed when the RV does not come in. Well I spent 40 years in the investment banking and financial planning industry which allows for a slight advantage in researching certain areas of the acknowledged resources regarding money and securities. Those areas being the IMF, FOREX, WTO, etc, etc.
The Prime Minister returned to his country on this past Monday, he turned over to the head of the CBI to announce the pending revaluation of his nations currency. The CBI provided the new rate to the IMF who in turn provided this rate to the FOREX which by policy has 72 hours from receipt to post for universal recognition which will be sometime between now and Wednesday 4/24/2024 by 7:00 PM.
Since both the Gazette and the IMF rate schedules are published on Wednesday each week we can assume should there be a revaluation we should receive that news during this window. Don't get excited or make any serious decisions but please stay calm and watch the next few days as we seem to be this close. GOD Bless
Texas Snake, [04/22/2024, 10:25:30 p. m.]:
About 10 more minutes then I need to close
Will try to illistrate that tomorrow
Yes he uses a CBI Debit card to purchase items in Beeville and he discovered the exchange rate on a recent purchase equaled $3.90 US for his Dinar value up substantially from before the in country RV
Well folks will come back with anything new GOD Bless
FRANK26: "SUDANI USES HIS COM TO OVERRIDE A VOTE BY PARLIAMENT!!!"........F26
Parliament Finance: The Council of Ministers will vote today on the 2024 budget schedules
4/30/2024
Baghdad
The Parliamentary Finance Committee announced today, Tuesday, that the Council of Ministers will vote in today’s session on the budget schedules for the year 2024.
The head of the committee, Atwan Al-Atwani, said in a statement followed by Mawazine News, “We look forward to resolving this file as quickly as possible and sending the schedules to the House of Representatives to vote on them in order to begin... The process of reconstruction, construction and development within the framework of the government program.”
Al-Atwani stressed "the commitment to implement the provisions and paragraphs of the Federal General Budget Law for the years (2023-2025), and to include its financial allocations in this year's schedules, especially with regard to appointments and contracts that were not implemented during 2023, and other rights that affect the lives of citizens."
He stressed "supporting and empowering the governorates to implement their service plans and development programs and completing the requirements for including strategic projects in a way that achieves a qualitative leap in the level of providing services to citizens."
Question: Mark, do you see May 8th rumor that (the WTO entrance) as a hard date that Iraq cannot go past without announcing their new rate?
MarkZ: I hate to give dates…but there is a good chance it could go before then.
Question: What does your gut say? My gut is pretty mad we are not done already…but I feel that there is a good chance before the 9th of May. There is a lot expected to happen over the next few days.
Question: Did Kuwait revalue over night?
MarkZ: I believe they revalued mid morning. Around 10:30 or 11:00... I am confident it was daytime because the very same day it revalued…they ran articles in the papers that they were not ready to RV for months…maybe years. Then “BAM” they released it. That’s why I warn you guys about all the smoke and mirrors…Don’t jump off a cliff when you see stories like that. Just wait.