LATEST FROM MARKZ, 4 JULY

MarkZ 

There are supposedly movement of Kurdish leaders in Iraq visiting Baghdad and the rumor is the HCL will be nailed down tight…done, done, done…and the announcement could be today. 

 Comment:  Let’s hope July 4th is “the Thursday”...   MarkZ:  There are a lot of rumors going around that this is the “go”...We don’t know.  No one knows the timing.

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 MarkZ

   [via PDK]  I feel that as far as Iraq is concerned it is done and prepared. They are just waiting on the “go” so they can announce and move forward.

On the Treasury side the rumors are dropping left and right.  Everthing from “It’s tomorrow” to “oh no- they delayed it another month” Crazy rumors….same sources are telling different people different things. That tells us its “MISINFORMATION” and it is done on purpose. Stay calm and remember the fundamentals. Iraq is still looking great. They still have the new ATM’s, they still have conversations saying they are going to delete the zeros. And they are still having the conversations about releasing the lower denominations in July…things still look great.

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[via PDK]   there are some things out of Iraq that should make us feel good today...“The President of Iraq approves the 2024 budget schedules” Rashid approves a number of laws including the 2024 budget tables.  My contacts over there are saying they got the budget tables posted in the Gazette…but did not get a new rate. They let us know that they figured the budget of 2024 on an average price of a barrel of oil at $80 USD. This is progress.  Something fun popped into the news yesterday...both from banks and exchange locations in Iraq. There was a notice that they are expecting distribution of lower denomination bills in July.   Both of the confirmations I received this morning from contacts on the ground inside of Iraq used the same words that they were told to expect them to distribute/disperse lower denominations in July.  That tells us how stinking close we are...Why would they need theses lower denominations unless the currency is worth more? ... ..I do not believe there is a new rate in the Gazette this morning. I am not expecting one till Wednesday. I have heard that Sudani has signed off on the budget and it is supposed to be headed to the Gazette. There was some hope it would be printed this morning. https://dinarevaluation.blogspot.com/2024/07/rv-update-by-markz-2-july.html

LATEST FROM FIREFLY, 3 JULY

 Frank26 

  [Iraq boots-on-the-ground report] 

  FIREFLY:
Television says that the development road project has Iraq as center of global trade and it will be the hub for the Middle East.  

FRANK: Of the Middle East?  No.  The world...They're trying to tell you, you have a new exchange rate because these words don't mean anything at 1320.

 FIREFLY:

We are now hearing from our news on Channel One that Iraq has been fully accepted into the WTO.  This is going to be official...July the 18th.  FRANK:   To join the WTO Iraq does not need a currency with value.  No, that's not the point.  Iraq needs a currency that has no restrictions, no handcuffs, no limitations in order for it to float on an international market...whatever the case this is very good.

 FIREFLY:
The television is saying parliament committee is saying there is a new number in the budget.  They just admitted we have a new exchange rate and they say they want to be in charge of it, that they want to control, they want to put some votes...Saying the budget has numbers that will change and that's unconstitutional without another reading...It is a 15 day appeals process..

https://dinarevaluation.blogspot.com/2024/07/iraq-boost-on-ground-report-by-firefly.html

Iraqi Dinar Revaluation: Could It Revolutionize International Trade:

"IMPORTANT IRAQ NEWS: THE DOLLAR IN THE PARALLEL MARKET.. AL-SUDANI’S ADVISOR PRESENTS A DIFFERENT VISION AND ECONOMIC EXPERTS: AN IMAGINARY STABILITY?" BY MNT GOAT, 3 JULY

 THE DOLLAR IN THE PARALLEL MARKET.. AL-SUDANI’S ADVISOR PRESENTS A DIFFERENT VISION AND ECONOMIC EXPERTS: AN IMAGINARY STABILITY?

The advisor to the Iraqi Prime Minister disagreed with what four economic experts said regarding the “stability” of the US dollar exchange rate against the Iraqi dinar, stressing that “the stability of the dollar is real and solid and not imaginary as some believe.” However, the economic experts said that the stability is “not reassuring,” and what is happening now is a decrease in the dollar’s volatility, while stability will occur when the dollar returns to the official price of the Central Bank.

The Prime Minister’s Advisor for Financial Affairs, Mazhar Mohammed Saleh, says, “The exchange rate of the dollar to the dinar in the parallel market today in our country does not constitute any relative importance in influencing the stability of the general price level, which has become stable in its components and  trends due to the influence of the official exchange rate factor currently dominating the financing of foreign trade (imports), amounting to 1,220 dinars per dollar. It is a stable trend for the exchange rate and the stable external value of the dinar revolves around it, which is embodied by the state of stability in the relative prices of goods and services to a large extent.”

(Mnt Goat -Did Saleh just say that import payments are paying out at a rate of 1,220 per dinar up from 1,320? Yes, I can see he did in this article. He said it is stable trend and it can only mean upwards. So what rate are they reaching for could it be 1166ish? What do we make of this statement? See the full article in the articles section of today’s Newsletter.)

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

LATEST FROM MARKZ, 3 JULY

 MarkZ

   [via PDK]  I feel that as far as Iraq is concerned it is done and prepared. They are just waiting on the “go” so they can announce and move forward.

On the Treasury side the rumors are dropping left and right.  Everthing from “It’s tomorrow” to “oh no- they delayed it another month” Crazy rumors….same sources are telling different people different things. That tells us its “MISINFORMATION” and it is done on purpose. Stay calm and remember the fundamentals. Iraq is still looking great. They still have the new ATM’s, they still have conversations saying they are going to delete the zeros. And they are still having the conversations about releasing the lower denominations in July…things still look great.

---

[via PDK]   there are some things out of Iraq that should make us feel good today...“The President of Iraq approves the 2024 budget schedules” Rashid approves a number of laws including the 2024 budget tables.  My contacts over there are saying they got the budget tables posted in the Gazette…but did not get a new rate. They let us know that they figured the budget of 2024 on an average price of a barrel of oil at $80 USD. This is progress.  Something fun popped into the news yesterday...both from banks and exchange locations in Iraq. There was a notice that they are expecting distribution of lower denomination bills in July.   Both of the confirmations I received this morning from contacts on the ground inside of Iraq used the same words that they were told to expect them to distribute/disperse lower denominations in July.  That tells us how stinking close we are...Why would they need theses lower denominations unless the currency is worth more? ... ..I do not believe there is a new rate in the Gazette this morning. I am not expecting one till Wednesday. I have heard that Sudani has signed off on the budget and it is supposed to be headed to the Gazette. There was some hope it would be printed this morning. https://dinarevaluation.blogspot.com/2024/07/rv-update-by-markz-2-july.html

🔥 Iraqi Dinar 🔥 Interesting RV Rate 🔥Today News Guru Intel Update Exchan...

Nechirvan Barzani requests Austria to open consulate in Erbil

 Shafaq News/ President of the Kurdistan Region Nechirvan Barzani expressed his gratitude on Tuesday for the invitation extended by the Austrian Foreign Minister to visit Vienna, aimed at strengthening bilateral relations between Austria and the Region.

Barzani's remarks came during a press conference held in the Austrian capital following a series of significant meetings with Austrian officials.

In his statements, Barzani emphasized that the visit was in response to the Foreign Minister's invitation, which followed their recent meeting in Iraq. "We came to Austria today to accept the invitation from the Foreign Minister, and we have had many important and fruitful meetings discussing ways to enhance bilateral relations. We feel that Austria has a strong desire to strengthen its relationship with us, and we have requested today that a consulate be opened in Erbil as well," said Barzani.

Barzani also noted that relations between the Kurdistan Region and Baghdad are progressing positively, highlighting advances in resolving outstanding issues between the two parties. "I believe the relationship between the Kurdistan Region and Baghdad is at a good level at present. I will not say that all problems have been solved, but my visit and those of the Prime Minister and many government delegations to Baghdad recently have been aimed at addressing these issues. Baghdad also has the intention to resolve them, and I do not expect all problems to be solved overnight, but the current steps indicate we are moving in the right direction towards a resolution," he added.

President Nechirvan Barzani arrived in Vienna on Monday for an official visit to discuss opportunities and avenues for enhancing relations between Austria, Iraq, and the Kurdistan Region, and to expand the scope of mutual cooperation.