LATEST FROM FIREFLY, 5 JULY

 Frank26  

[Iraq boots-on-the-ground report]  

 FIREFLY:Saleh on the news talking about soon the parallel market will be same as regular...  

FRANK:  ...The parallel rate doesn't exist anymore and if it doesn't exist anymore it's because they have a new exchange rate.  The parallel rate was because you had a program rate.

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 FIREFLY:
The Gazette, it's been printed but with July 1 date and there's no budget and no budget schedules in it.   Maybe we have to wait for that appeal and the 15 days.

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[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 Intel Guru Markz 🇮🇶 Dinar Finally Realesed With New Exchage ...

Central Bank Explains New Mechanism for Delivering Dollars to Travelers

 Baghdad – Mawazine News

The Central Bank of Iraq revealed, on Thursday, the new mechanism for passengers to receive foreign currency (dollars), which will be exclusively through corporate outlets and banks at international airports.

“The goal of the new mechanism, which will enter into force on July 14, is to reach the real traveler and pass proper transactions, as well as facilitate the arrival of travelers to the dollar faster,” the bank said in a statement.

The Central Bank reviewed “the new mechanism for travelers to receive their share of foreign currency (dollars) by the traveling citizen going to the authorized exchange companies, spread in all cities to deliver the amount in dinar equivalent to the citizen’s share of the dollar according to the official exchange rate of the Central Bank of Iraq.”

He pointed out that “the company will work to enter the data of the traveling citizen and remove his name in the electronic platform of the Central Bank of Iraq and deliver him a receipt that supports the process of depositing the dinar, to receive the cash dollar exclusively inside the airport,” noting that “when completing the departure procedures, the amount will be delivered in dollars through the ports available at the airport, 24 hours a day, 7 days a week.”

The statement noted that “the Central Bank decided to allow exchange companies to receive more than one quota during the week in order to achieve full response to traveler requests.”

https://www.mawazin.net/Details.aspx?jimare=250764

LATEST FROM MILITIAMAN, 5 JULY

 Militia Man 

 The Oil and Gas [Law] and the presidency of the House of Representatives, I think those are going to be coming, tie to tie, hand in hand because...if they need to value...assets, they're going to need a real effective exchange rate...

Militia Man

  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...

https://dinarevaluation.blogspot.com/2024/06/rv-update-by-militiaman-27-june.html

Finalizing the HCL Agreement🚩RV/RI on July 4th to 8th Possible!?🤔Dinar R...

Sudanese: Iraq is witnessing the highest growth rate in the region

 Economy News – Baghdad

Prime Minister Mohammed Shiaa Al-Sudani confirmed on Thursday that Iraq is witnessing the highest growth rate in the region.

The Prime Minister’s Media Office said in a statement received by “Economy News” that the Sudanese “on-Sudanded the annual celebration of the National Job Day, which was held at the government palace in the capital Baghdad, where 50 distinguished employees in various fields were honored, selected by specialized committees for their excellence in job performance.”

Al-Sudani praised “the distinguished employees who strive and deserved excellence, and this choice for female employees and employees proves the strength of the Iraqi and its principle, confidence and positive energy,” stressing that “the martyr who sacrificed himself for Iraq and the Iraqis remains the first distinguished.”

He added that “we commend the initiative to honor the distinguished employees, and appreciate the efforts of the concerned committee, and everyone who contributed to this initiative, which confirms the ability of employees in the public sector, and denies the negative image of them, as it highlights the loyal, competent, productive and honest employee,” noting that “the presence of other numbers of distinguished employees perform their tasks with dedication and high efficiency.”

He pointed out that “the stories of distinguished employees that deserve to stand at them and enhance confidence in the government employee, especially since some of them managed to transform the difficult circumstances and their challenges they live into success, excellence and dedication in the public service that it provides to citizens,” indicating that “one of the people of determination has achieved superiority over his colleagues in programming, as well as the insightful student in the sland that exceed and exceeded its health conditions, which is a state of creativity that we are entitled to be proud of.”

During the ceremony, the Sudanese touched on “the pivotal and fundamental role of the public sector in building the country, and its assumption of the implementation of the government’s program and priorities, as well as its importance in upgrading the reality of the country in all fields, as Iraq is witnessing the highest growth rate in the region, and the government sector must perform its duties in this regard.”He stressed that “the government has made, in less than two years, an important way from working and addressing challenges, in all fields, as our country has natural and human resources, capabilities and wealth, some of which have not invested to this day.”

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111 views

Added 2024/07/04 – 3:39 PM

https://economy-news.net/content.php?id=44888

"LATEST FROM WALKINGSTICK",5 JULY

 Walkingstick

 [via Frank26]  

What you need to watch...the internal float of the Iraqi dinar..

 It's not complicated.  It's very straightforward to the point.  The budget has a new exchange rate.

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Walkingstick 

  Sudani rewrote the contracts and recalculated them in accordance with the rate in the budget...They've been running a budget with the new exchange rate and a budget with the old exchange rate...

 [Iraqi bank friend Aki update]

 AKI:  It's about time. 

 WAlKINGSTICK:  What he's telling us is it's about time to release the budget and the new exchange rate with the lower notes.  That's what he meant.

The ATM machines, they're all poised like centurions that are standing there.  These ATMs are guarding the lower notes.  It's time for all of this to come out now.  It's just the budget we are waiting for.  We're not waiting for any laws, we're not waiting for any new procedures.

https://dinarevaluation.blogspot.com/2024/07/rv-update-by-walkingstick-2-july.html