"RV UPDATE" BY MILITIAMAN, 7 MAY

 Militia Man 

 Non-oil revenues...Iraq has the largest sulfur deposit in the world.  They can tap into that.  It's going to be part of their non-oil revenues.  The amount of natural resources Iraq has is off the charts.  Anything that suggests they can't afford to do what they're going to do and go to a market economy I think is highly mistaken.

Article:  "Economist Muhammad Hashem Helou confirmed that the central bank cannot float the dinar exchange rate ."  

We've seen a few articles over the last week openly talking about the types of regiments that are exchange rate oriented, whether it's a fixed float or pegged etc.   Saleh has spoken about it, he says it [floating] is dangerous ...the environment would not be good so it wouldn't be the best choice... Circumstances for the country of Iraq which is still primarily a rentier, which means oil based, it's best to have a fixed exchange rate...

🔥 Iraqi Dinar 🔥 Oh My Gosh Official Rate 🔥 News Guru Intel Update Value ...

The Delay Surrounds Five Iraqi Ministries.. What Is The Relationship With The Budget?, 7 MAY

The Delay Surrounds Five Iraqi Ministries.. What Is The Relationship With The Budget?

Money  and business  Economy News – Baghdad   The Strategic Planning and Federal Service Committee in the House of Representatives revealed that there are 5 ministries that have not achieved advanced completion rates in their projects within the government program.

The Vice Chairman of the Committee, Mohamed Al-Baldawi, said in an interview followed by Al-Iqtisad News, that “those ministries have delayed in accomplishing the tasks assigned to them,” without referring to the names or descriptions of the work of those ministries.

Al-Baldawi attributed this reluctance to “the possibility of financial problems due to the delay in the budget law,” explaining that “those ministries were not allocated sufficient budgets for these projects, and there are projects in the first place that were not planned properly and thus they delayed.”

He stated that "there are also problems that accompanied the planning process within the ministry and the institution and at the leadership level and directing projects and human resources in the right direction."100 views   05/05/2024 - https://economy-news.net/content.php?id=43150

"RV UPDATE" BY FRANK26, 7 MAY

 Frank26 

 What the budget needs is for parliament to view the amendments that Sudani made and I pray one of those amendment is a new line item with a new exchange rate.

  there's no set date for this to happen.  That's just the way it is.  I'm sorry if you can't tolerate that, you should move on.  But if you can tolerate what a speculative investment brings into you your life then you understand, oh my gosh...[Saleh] just told the Iraqis the Iraqi citizens that the exchange rate for our currency it's almost reached the official rate and once it does we're calling upon it to float...

 There was a meeting two weeks before that massive entourage meeting that went to DC...They told you we're going to DC to deliver the monetary reform.  There was the new exchange rate.  They agreed upon it...and went back home and told contractors we're going to rewrite your contracts with that new exchange rate...When they were all done with that...they flew to Washington DC, they delivered the message...and spent over two weeks with powerhouses that are going to build their economy

Iraqi Dinar | CBI Governor Ali Alaq Huge Announcement About New Rate | I...

Revealing The Latest Developments In Changing The Exchange Rate And The Barrel Of Oil In The 2024 Budget, 7 MAY

 Revealing The Latest Developments In Changing The Exchange Rate And The Barrel Of Oil In The 2024 Budget

 Economy| 02/05/2024  Mawazine News - Baghdad,  Deputy Chairman of the Parliamentary Planning Committee, Muhammad Karim, confirmed today, Thursday, that the current year’s budget will proceed after completing the changes in its schedules for allocations for governorate and ministries projects only. Karim told Mawazine News,

  “The exchange rate of the dollar, the barrel of oil, and the quantity exported will remain the same according to what was proven in last year’s budget.”

He pointed out that  "the tripartite budget approved by the Sudanese government and approved by the House of Representatives allowed the government to make changes and amendments imposed by the impact after the parliament's vote." 

He pointed out that  "the changes to the schedules will include projects of ministries and governorates in accordance with the requirements of the government program."    https://www.mawazin.net/Details.aspx?jimare=247191

"LATEST FROM MARKZ PODCAST" , 6 MAY

  Latest from Mark Z 5.6.24 AM podcast 

Member: Do you still have the mindset that this has started? Do you know people of different levels who have received money to spend?

MZ: Absolutely to both questions. I know people who now have dollars.

MZ: According to my best contacts in the group, there was an interesting movement of money over the weekend. It's clearly positioned to go, but I'm not sure we'll see it today.

MZ: This weekend there was very encouraging movement among the groups. I'm waiting for more updates today.