Market Economy News – Baghdad The Securities Commission confirmed on Wednesday that the government had successfully completed the sale of financial bonds, while indicating that many foreign investors had purchased those bonds.
The head of the authority, Faisal Al-Haimus, said: “The government has successfully completed the sale of financial bonds,” indicating that “all financial bonds that were sold were subscribed to, and this reflects the strength and stability of the State of Iraq.”
He pointed out that "there are many foreign investors who bought financial bonds, and this reflects the stability of the Iraqi state."
Government bonds are a type of debt-based investment where you lend money to a government in exchange for an agreed-upon interest rate. Governments use them to raise money that can be spent on infrastructure or new projects, and investors can use them to earn set returns that are paid at regular intervals. 172 views 07/03/2024 - https://economy-news.net/content.php?id=44856
Iraq has a meeting with the WTO according to the calendar...on or around the 18th of this month. What is it about? It's talking about their accession process, whether that's going to happen or not that day I don't know but assuming that it's moving forward it sounds like their accession is going to be imminent.
You're not going to get Iraq to jump into the world market, the global stage, without being able to be competitive and communicate electronically - Platforms needed to be designed...We know they have e-government...e-education, they have all that and done it over a short period of time. The electronic systems at the borders, the ISA system are global. They are worldly...The WTO is at the core of this. It's real.
Iraq...hasn't had a real effective exchange rate for over 20 years...Man we're really really close.
The Real Effective Exchange Rate changes the whole dynamics. They wouldn't have gotten this far in the stage if they were going to go do all the things they're talking about at 1310. They would have already done it by now...
They're effectively stating to everybody that they're going international. They're giving a laundry list of all the things they've done, are doing and in support of where they're headed.
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That's what we are waiting for as we speak [seeing what's in the budget]. We haven't seen them expose that rate or that information to us just yet but they're going to. They don't have much choice because June 12th it [The budget] became law...The court already said... just because they have an appeal doesn't mean they have any weight to them.
The budget is only at $70 [per barrel], they've been trying to see if they can modify it and kick it up to $80 so they can spend more money...Oil prices are at $80+ and they think it's going to keep moving forward for the next year or year and a half.
Article quote "...the global energy market sources indicate the current rise in oil prices will continue until the end of the year 2025."
Everybody should be pumped and ready to go...
Article quote: "Sovereign guarantees to the private sector will contribute to the industrial renaissance"
This article right here will blow your socks off...
Welcome everybody to the Big Call tonight. It is Tuesday, July 2nd Hope everybody had a wonderful start to the month of July. Think we're going to finish this month very well. And thank you for tuning in to the big call wherever you're located. Thank you for being part of the SAT team's coverage of the big call, and anybody else that's just happened to tune in.
We’ve got some things we want to share with you guys tonight that are very positive, and I'm looking for hearing also from Sue and also hearing from Bob. I'm looking forward to bringing you a segment about intel when it's my turn.
I want to say that July 4 is Thursday, the Fourth of July. Independence Day celebrated here in the United States. And as was the case last year, we did not have a call on the Fourth of July, and I do not expect to have a call Thursday. We will not have a call as it is right now. We will not have a call on Thursday. Just a heads up, okay, so anybody that's hearing us live or on the recording, just beware, Thursday the fourth is day to celebrate our freedom and hope for more and more freedoms to come.
I have a little bit of information about that to share with you guys too in the intel segment. So a lot of things are happening now behind the scenes, and even this week, we will not have a call on Thursday night so enjoy that time with your families, grilling out, enjoying fireworks displays but be very, very careful. If you're one of the self fireworks people, every year we hear about fireworks accidents that take off fingers or maybe poke an eye out or something.
We just don't want to hear any of that. Want you guys to be safe. Be safe, and if all you can do that's safe is use sparklers to keep it to sparklers, no shooting Roman candles at each other. I heard a news report yesterday about or that sounds it's very dangerous, but not a very smart thing to do.
So thank you, Bob. Appreciate that. That was really well done. Now let's turn to the intel – and see what it is we’ve learned so far -- Being Tuesday, we do get some information over the weekend. And we know, for example, that Iraq is supposed to put the physical, let's check that the budget in the physical version of the Gazette – Wednesday – tomorrow – We will see if that happens
The virtual Gazette - had the rate and the budget in it last Saturday. So virtually meaning online, anybody that was looking for that in the proper place would find it, but we're looking to get it in the physical version of it either tomorrow, or it may get moved. And I'm going to explain that in a second.
We have been told that we would receive this notification today, and would start exchanges tomorrow – without a doubt.
Well, I'd say there is some doubt, because we did not receive notifications today, and I don't know that we will receive tomorrow.
You see here’s the thing --- Anytime you got a holiday like Independence Day on the Fourth of July. You've got people that are thinking, Well, do we really want this to start before the Fourth of July? And the thought is, no, we don’t want it. This is what we're hearing from one of our redemption centers, and the person that puts out the information to every redemption Center East of the Mississippi, quite a few redemption centers.
The word is that we're going to get notified on Friday and set our appointments Friday for some time over the weekend, which would be theoretically, Saturday or Sunday – but I believe they are trying to go through the fourth without anything to disrupt the holiday. And I think that's why we're looking at the fifth for notifications. That's going to be Friday.
And then this is the latest that we got only hours ago. So I'm going to go with that coming from a leader at one of our redemption centers, just getting that information. I think we're really looking at getting started over this weekend, Friday, notifications, Saturday, Sunday exchanges, and maybe we will have exchanges on Sunday, maybe go Saturday and continue on through the rest of the week.
Now, as far as R and R is concerned, we should receive that in the month of July. And if you're a currency holder, you'll receive that at the time you exchange your currency and redeem your zim
One other thing about the Dinar contract rate. You know, we've heard that in our contract rate could be very high. It's still very high. It's taken a little bit of a dip, but it could very well go back up higher than it was, it will move around. It will go a little lower – it will go a little higher. It just all depends what it is when you get into the redemption center, they should offer that if you're an American citizen, they should offer you the contract rate on the dinar.
Now, what about political? you guys know, what a fiasco last Thursday, and just what a joke it was really - And the Democrats are back betting and trying to figure out what to do, but I'm hearing today that President Trump should be back as President - not only Commander in Chief – which he is now but as President sometime between the fourth and the 15th of July. We'll see if that holds up. We've had dates in the past come and go - We'll see if these hold up between the fourth and 15,
I personally think we will have NESARA somewhere in the vicinity of the eighth or ninth of July. That's what I've heard today.
Certainly the NESARA and GESARA on the eighth, would make sense from China’s point of view - that may be what it occurs. I don't think the RNR or anything else that's part of NESARA can occur without the RV and possibly without president Trump back. So we'll see how that goes. I've beentold both ways. Let’s see what happens .
I’m really looking forward to this going I'm looking forward to having a happy, healthy Fourth of July, and I'm looking forward to getting the notification 800 numbers by email, on the fifth, which is Friday
So the intel as it is - is good, like I said before, we just need for it to occur and not change, not Morph into something different . So let's pray this call out. First I want to thank everybody else - I want to thank Sue and Bob for 13 years, well, actually,
for 20 and a half years. And I'm looking for this coming. You guys are, so let's just believe for that. Let's look forward to that. Thank you big staff team for getting different countries and their languages. Thank you big call universe for listening 13 years. Everyone listening on a great July weekend, please keep it safe. We don't want to lose anybody who get any accidents deter you from getting your changes and redemptions in done. Okay, so let's all be safe out there kids to make sure they don't get into anything.
So let's pray the call out - Everybody have a great weekend – We won’t be having a call on the fourth so we'll talk to you, maybe by email next. We'll see what happens. Okay, All right, here we go.
Back in 2011, I was told by my attorneys, that the revaluation would follow the guide-rails set out by Dr. Shabibi. Dr Sinan Al Shabibi has quite the curricula vitae in that he...held a BSc in Economics from Baghdad University (1966), a Diploma in Advanced Studies in Economic Development, an MA in Economics from the University of Manchester (1970, 1971), and a PhD in Economics from the University of Bristol (1975). He was said to be an authority on The Marshal Plan, which in essence is what is happening in Iraq at this very moment. I was also told that the plan was to resurrect the pre-invasion Dinar valued at $3.22 or there abouts.
Article Quote: "Member of the Parliamentary Legal Committee, Raed Al-Maliki, (not to be confused with Nuri Al-Maliki) reviewed...the laws that will be read after the end of the legislative recess of the House of Representatives. Al-Maliki pointed out, 'The Oil and Gas Law and the Federal Supreme Court Law are basic laws and at the same time they are controversial laws, so I do not think they will be advanced during the second legislative term unless the government completes them.”
The HCL is not on the front burner...The excitement/speculation about the HCL being at the front of the line just isn't true.
[Response to the IBBC debate video 6-23-2024 below]
The exchange between Dr. Tabaqchali and Professor Gunter was very enlightening...Iraq is suffering from the same ailment as the United States...over-regulation and hostility towards the private sector...Bureaucratic strangulation...[In] Iraq, it is from the fact they were Internationally punished for something they didn't do and over punished by extending the punishment far too long...By over punishing, you breed a class/population of super criminals who become more savvy and more bold, accomplished by the crooked government being the bulk of employment opportunity.
...They must downsize the government by 1/2 and reduce regulations. The more important step is to revalue the currency using a hybrid model where they substantially raise the value of the Dinar and by backing half of that increase with gold and oil...By removing the bureaucratic barriers, business could start quicker and for less capital...
As it has been demonstrated in the United States under Reagan and Trump, tax reduction and deregulation cause fast and substantial economic growth...It is also my opinion that Iraq is working up to such a dynamic albeit they are acting too slowly and could miss the window of opportunity.
Today, Wednesday, the representative for the lawful development, Muhammad Al-Sahaf, portrayed the augmentation of an oil pipeline from Basra to Aqaba as a financial wrongdoing against the Iraqi public.
“The project serves Jordanian economic interests, and there is no benefit from this pipeline,” Al-Sahaf stated.
“The Basra-Aqaba project has no economic or financial benefits for Iraq at all,” he added, “but rather it has great harms and dangers.” “The project faces great parliamentary rejection in light of economic concerns.”
He added, “The task has enormous limits for Jordan, and we don’t know regardless of whether Iraqi oil goes to the Zionist substance.”